An evaluation of the policies on repayment of Government’s trade debt in Italy

Leandro D’Aurizio () and Domenico Depalo
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Leandro D’Aurizio: Bank of Italy

No 1061, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Since 2012 the Italian Government has taken several steps to repay its commercial debts. Using a composite dataset, we evaluate the effects of these policies on the financial performance of a representative sample of Italian firms. We distinguish between the firms that were beneficiaries of these repayments, those that were not repaid, though they had a legitimate claim, and those that had no commercial ties with the general government. We find that receiving money had a significant positive impact on firms’ financial position.

Keywords: trade debt; difference-in-differences; policy evaluation (search for similar items in EconPapers)
JEL-codes: D04 H69 L88 (search for similar items in EconPapers)
Date: 2016-04
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Citations: View citations in EconPapers (2)

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Journal Article: An Evaluation of the Policies on Repayment of Government’s Trade Debt in Italy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1061_16

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