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

Monica Andini and Alessio D'Ignazio ()
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Alessio D'Ignazio: Bank of Italy

No 1487, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

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.

Keywords: regional economic activity; location-based policies; programme evaluation (search for similar items in EconPapers)
JEL-codes: C14 R11 R58 (search for similar items in EconPapers)
Date: 2025-04
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1487_25

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