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Investment and Export Subsidies in Italy: Who Gets Them and What Is Their Impact on Investment and Efficiency

Author

Listed:
  • Michele Bagella

    () (Università "Tor Vergata", Roma)

  • Leonardo Becchetti

    () (Università "Tor Vergata", Roma)

  • David Andrés Londono Bedoya

    () (Università "Tor Vergata", Roma)

Abstract

The 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.

Suggested Citation

  • Michele Bagella & Leonardo Becchetti & David Andrés Londono Bedoya, 2004. "Investment and Export Subsidies in Italy: Who Gets Them and What Is Their Impact on Investment and Efficiency," Rivista di Politica Economica, SIPI Spa, vol. 94(2), pages 61-102, March-Apr.
  • Handle: RePEc:rpo:ripoec:v:94:y:2004:i:2:p:61-102
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    Citations

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    Cited by:

    1. 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.
    2. Annamaria Nese & Niall O’Higgins, 2007. "Attrition bias in the Capitalia panel," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(3), pages 383-403, September.
    3. Destefanis, Sergio & Storti, Giuseppe, 2005. "Evaluating Business Incentives Through DEA. An Analysis on Capitalia Firm Data," MPRA Paper 62336, University Library of Munich, Germany.
    4. Helmers, Christian & Trofimenko, Natalia, 2009. "Export subsidies in a heterogeneous firms framework," Kiel Working Papers 1476, Kiel Institute for the World Economy (IfW).

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence

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