Investment and Export Subsidies in Italy: Who Gets Them and What Is Their Impact on Investment and Efficiency
AbstractThe paper presents an empirical analysis on investment and export subsidies in Italy on a large sample of qualitative and quantitative microdata from 1989 to 1997. We find that the probability of being subsidized is generally af fected by the lobbying capacity of potential recipients. Significant differences across years in profitability of subsidized firms and in subsidy effects on investment appear consistent with the change in eligibility criteria. We also show that subsidized exporters are significantly more efficient and that a higher share of investment subsidized with soft loans is associated with a higher distance from the efficient productive frontier.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): 94 (2004)
Issue (Month): 2 (March-April)
Contact details of provider:
Find related papers by JEL classification:
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Annamaria Nese & Niall O'Higgins, 2005. "In And Out Of The Capitalia Sample: Evaluating Attrition Bias," Working Papers 3_174, Dipartimento di Scienze Economiche e Statistiche, Università degli Studi di Salerno.
- Annamaria Nese & Niall O’Higgins, 2007. "Attrition bias in the Capitalia panel," International Review of Economics, Springer, vol. 54(3), pages 383-403, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino).
If references are entirely missing, you can add them using this form.