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La valutazione del credito d'imposta per gli investimenti

Author

Listed:
  • Raffaello Bronzini

    (Banca d'Italia)

  • Guido de Blasio

    (Banca d'Italia)

  • Guido Pellegrini

    (Università di Roma "La Sapienza" e Banca d'Italia)

  • Alessandro Scognamiglio

    (Università di Roma "La Sapienza" e Banca d'Italia)

Abstract

The paper examines how private investment responds to investment tax credit, enacted by Italy's Law 388/2000. To assess whether the program made investments possible that otherwise would not have been made, it exploits some features of the tax credit scheme, such as the fact that some Italian regions are not deemed to be eligible or the amount of the bonus differs across eligible regions. While the program turned out to be fiscally unsustainable over time, and thus it was downsized well ahead of the expiration date, the empirical evidence suggests that it has been effective in stimulating investment.

Suggested Citation

  • Raffaello Bronzini & Guido de Blasio & Guido Pellegrini & Alessandro Scognamiglio, 2008. "La valutazione del credito d'imposta per gli investimenti," Rivista di Politica Economica, SIPI Spa, vol. 98(4), pages 79-112, July-Augu.
  • Handle: RePEc:rpo:ripoec:v:98:y:2008:i:4:p:79-112
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    Citations

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    Cited by:

    1. Antonio Affuso & Guido Nannariello, 2014. "Riforma degli incentivi e aziende di servizi: una quantificazione delle risorse," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2014(1), pages 7-27.
    2. Annamaria Nifo & Gaetano Vecchione, 2015. "A quali imprese vanno i sussidi pubblici? evidenza dall?industria manifatturiera italiana," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2015(3), pages 5-28.
    3. Chiara Bocci & Annalisa Caloffi & Marco Mariani & Alessandro Sterlacchini, 2023. "Evaluating Public Support to the Investment Activities of Business Firms: A Multilevel Meta-Regression Analysis of Italian Studies," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 1-34, March.

    More about this item

    Keywords

    investment incentives; state aid;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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