Evaluating Public Support to the Investment Activities of Business Firms: A Multilevel Meta-Regression Analysis of Italian Studies

Chiara Bocci, Annalisa Caloffi, Marco Mariani () and Alessandro Sterlacchini ()
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Chiara Bocci: University of Florence
Annalisa Caloffi: University of Florence
Marco Mariani: IRPET – Regional Institute for Economic Planning of Tuscany

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2023, vol. 9, issue 1, No 1, 34 pages

Abstract: Abstract We conduct an extensive sign-and-significance meta-regression analysis of counterfactual programme evaluations from Italy, considering both published and grey literature on policies supporting firms’ investments. We specify a multilevel model for the probability of finding positive effect estimates, also assessing correlation possibly induced by co-authorship networks. We find that the probability of positive effects is considerable, especially for weaker firms and outcomes that are directly targeted by public programmes. However, these policies are less likely to trigger change in the long run.

Keywords: Meta-regression analysis; Public incentives to private investments; Innovation policies; Programme evaluation (search for similar items in EconPapers)
JEL-codes: H53 L52 L53 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Evaluating Public Supports to the Investment Activities of Business Firms: A Multilevel Meta-Regression Analysis of Italian Studies (2020)
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DOI: 10.1007/s40797-021-00170-3

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