The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economies

Giorgio Barba Navaretti (barba@unimi.it), Enrico Santarelli and Marco Vivarelli (marco.vivarelli@unicatt.it)

No 144, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: This paper analyses the impact of subsidies for the promotion of Italian joint ventures (JVs) aimed at LDC and transition economies. The empirical analysis is carried out on a unique dataset of 172 JVs interviewed during 1998 by means of a closed-answer qualitative-quantitative questionnaire. The main finding of the study is that, although there is a significant deadweight component in incentive policy, the subsidised firms are significantly more likely to grow. Moreover, the JVs comprising new firms (which need to grow to survive) also have a higher employment performance than average, as do the (labour intensive) JVs motivated by the search for lower labour costs, and the JVs in east European countries.

Pages: 15
Date: 2000-12
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Citations: View citations in EconPapers (7)

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http://docs.dises.univpm.it/web/quaderni/pdf/144.pdf First version, 2000 (application/pdf)

Related works:
Journal Article: The role of subsidies in promoting Italian joint ventures in least developed and transition economies (2002)
Working Paper: The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economics (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:144

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