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Impact assessment of the tax credit for investments in Southern Italy in the period 2016-2020

Author

Listed:
  • Monica Andini

    (Bank of Italy)

  • Alessio D'Ignazio

    (Bank of Italy)

Abstract

The paper provides an estimate of the impact of the tax credit for investments in Southern Italy (Law 208/2015) on tangible fixed assets, on the number of employees and on some performance indicators of limited-liability companies in the period 2016-2020. With reference to the sample at hand, the measure was effective in stimulating both investments in tangible assets and employment. The stimulus effects appear to be concentrated in the period 2018-2020; those on productivity are not appreciable. The effectiveness of the measure appears to be concentrated among smaller companies. No evidence emerges that is consistent with the hypothesis of an additional stimulus effect in the period 2018-2020 attributable to the enhanced version of the measure in Italy's Special Economic Zones.

Suggested Citation

  • Monica Andini & Alessio D'Ignazio, 2025. "Impact assessment of the tax credit for investments in Southern Italy in the period 2016-2020," Temi di discussione (Economic working papers) 1487, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:wptemi:td_1487_25
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    File URL: https://www.bancaditalia.it/pubblicazioni/temi-discussione/2025/2025-1487/en_tema_1487.pdf
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    More about this item

    Keywords

    regional economic activity; location-based policies; programme evaluation;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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