IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Gli effetti della legge 488/92: una valutazione dell'impatto occupazionale sulle imprese agevolate

  • Pellegrini Guido
  • Carlucci Carla

Law 488/92 is the principal instrument to promote private accumulation in the less developed areas of Italy. The selection procedure is based on 3 indicators: the share of owners' founds on total investment; the new job creation by unity of investment; the cut on the maximum possible capital aid accepted by the firm, that mimics an auction mechanism. Is this procedure efficient, reducing the amount of incentive by units of investment but nevertheless financing additional private capital formation and employment? The paper investigates the impact of incentives on employment in subsidized firm using a non-experimental design. We want to estimate if employment creation in subsidized firms is additional compared to the non-subsidized ones. Several different econometric approaches are used in order to tackle the selection bias: a diff-in-diff model with and without the Heckman correction for sample selection; a random growth model; a discontinuity design regression model. The results show a positive, statistically significant and robust impact of the incentive by 488/92 on employment: the subsidized firms present a employment dynamics from 3 to 15% points higher than in non subsidized ones.

If 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.

File URL: http://www.rivisteweb.it/download/article/10.1427/11472
Download Restriction: no

File URL: http://www.rivisteweb.it/doi/10.1427/11472
Download Restriction: no

Article provided by Società editrice il Mulino in its journal Rivista italiana degli economisti.

Volume (Year): (2003)
Issue (Month): 2 ()
Pages: 267-286

as
in new window

Handle: RePEc:mul:jqat1f:doi:10.1427/11472:y:2003:i:2:p:267-286
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mul:jqat1f:doi:10.1427/11472:y:2003:i:2:p:267-286. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.