EconPapers    
Economics at your fingertips  
 

Public incentives for firms: micro-level evidence

Diego Caprara (), Amanda Carmignani () and Alessio D'Ignazio
Additional contact information
Amanda Carmignani: Banca d'Italia

No 60, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper provides a statistical overview of the extent and composition of publicly-funded loans granted by banks to Italian firms. The analysis is based on the universe of reports to the Central Credit Register (CR). Between 1998 and 2007 the subsidized loans recorded by the CR amounted to about 0.3 per cent of GDP and involved approximately 27,000 firms, mainly limited companies. Our results confirm that publicly-subsidized loans are the most common type of subsidy in the Centre and North, while in the South non-returnable grants have traditionally been more predominant. Among the regions of the Centre and North, subsidies of this kind figure most prominently in Friuli Venezia Giulia, Veneto, and Trentino Alto Adige. The share of subsidized lending is greater among larger enterprises, especially agricultural firms and in industry excluding construction.

Keywords: firms; financial subsidies (search for similar items in EconPapers)
JEL-codes: G2 H2 R0 (search for similar items in EconPapers)
Date: 2010-01
New Economics Papers: this item is included in nep-ban and nep-sbm
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.bancaditalia.it/pubblicazioni/qef/2010-0060/QEF_60.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_60_10

Access Statistics for this paper

More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-01-20
Handle: RePEc:bdi:opques:qef_60_10