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Incentivi economici e disincentivi di contesto: gli investimenti esteri nel Mezzogiorno


  • Vittorio Daniele


Financial incentives and socio-economic disincentives: foreign investments in the Italian Mezzogiorno (by Vittorio Daniele) - ABSTRACT: Objectives Foreign Direct Investment (FDI) inflows in Italy tends to be concentrated in certain regions. Over the period here examined (2000-2005), eight Northern regions received around 75% of the total FDI inflows, compared to the mere 1% received by the eight regions of Southern Italy. This unbalance in the geographical distribution of foreign investment is easily perceivable on observation of data pertaining to multinational enterprise in Italy. The aim of this article is to examine some location determinants of the FDI inflows into 103 Italian provinces, concentrating, in particular, on the impact of financial incentives, public infrastructure and organized crime. Methods and Results Different estimation methods (OLS, WLS, LAD) have been used to carry out the empirical analysis, resulting principally in a demonstration of the negative effect of criminality on FDI, whereas the presence of infrastructure represents a positive influence and financial incentives do not appear influential on FDI. Conclusions Our analyses point out how the presence of determining disincentives connected to the socio-economical context such as the presence of organized crime and the lack of adequate infrastructure negatively influences the appeal of the Mezzogiorno and, probably, even compromises the effectiveness of policies aiming to attract foreign enterprise to the less developed areas of the country.

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  • Vittorio Daniele, 2007. "Incentivi economici e disincentivi di contesto: gli investimenti esteri nel Mezzogiorno," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2007(2), pages 5-34.
  • Handle: RePEc:fan:restre:v:html10.3280/rest2007-002001

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    Cited by:

    1. Daniele, Vittorio, 2007. "Criminalità e investimenti esteri. Un’analisi per le province italiane
      [The effect of organized crime on Foreign Investments. An Empirical Analysis for the Italian Provinces]
      ," MPRA Paper 6417, University Library of Munich, Germany.
    2. d'Agostino, Giorgio & Scarlato, Margherita, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," MPRA Paper 31939, University Library of Munich, Germany.
    3. Vittorio, Daniele, 2009. "Organized crime and regional development. A review of the Italian case," MPRA Paper 16547, University Library of Munich, Germany.
    4. Centorrino M. & Ofria F., 2008. "Organized crime and labour productivity in the Mezzogiorno: an application of the "Kaldor-Verdoorn" model," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 1, pages 163-188.
    5. Vittorio, Daniele & Ugo, Marani, 2008. "Organized Crime and Foreign Direct Investment: the Italian Case," MPRA Paper 7217, University Library of Munich, Germany.

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