The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economies
AbstractThis paper analyses the impact of subsidies for the promotion of Italian joint ventures (JVs) aimed at LDC and transition economies. The empirical analysis is carried out on a unique dataset of 172 JVs interviewed during 1998 by means of a closed-answer qualitative-quantitative questionnaire. The main finding of the study is that, although there is a significant deadweight component in incentive policy, the subsidised firms are significantly more likely to grow. Moreover, the JVs comprising new firms (which need to grow to survive) also have a higher employment performance than average, as do the (labour intensive) JVs motivated by the search for lower labour costs, and the JVs in east European countries.
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Bibliographic InfoPaper provided by Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali in its series Working Papers with number 144.
Date of creation: Dec 2000
Date of revision:
Other versions of this item:
- Giorgio Barba Navaretti & Enrico Santarelli & Marco Vivarelli, 2002. "The role of subsidies in promoting Italian joint ventures in least developed and transition economies," Applied Economics, Taylor & Francis Journals, vol. 34(12), pages 1563-1569.
- G. Barba Navaretti & E. Santarelli & M. Vivarelli, 2000. "The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economics," Working Papers 386, Dipartimento Scienze Economiche, Universita' di Bologna.
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