The effectiveness of investment subsidies: evidence from survey data

Luigi Cannari (), Leandro D'Aurizio () and Guido de Blasio
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Leandro D'Aurizio: Banca d'Italia

No 4, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper investigates the effects of subsidies on the investment decisions of a sample of Italian manufacturing firms. We use survey information on firms� subjective evaluations of the investment they would have undertaken without financing, finding that subsidies have limited effectiveness as a stimulus. Without subsidies, three-quarters of the firms financed would have made the same amount of investment at the same date; most of the remaining firms would have made the same amount of investment at a future date.

Keywords: investment incentives; survey data (search for similar items in EconPapers)
JEL-codes: C8 H2 R0 (search for similar items in EconPapers)
Date: 2006-12
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: The Effectiveness of Investment Subsidies: Evidence from Survey Data (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_4_06

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