The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economies
Giorgio Barba Navaretti (),
Enrico Santarelli () and
Marco Vivarelli ()
No 144, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali
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.
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http://docs.dises.univpm.it/web/quaderni/pdf/144.pdf First version, 2000 (application/pdf)
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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