Akcigit, Ufuk; Baslandze, Salomé; Lotti, Francesca - 2018
Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their … a higher rate of survival, as well as growth in employment and revenue but not in productivity – the result that we also … confirm using a regression discontinuity design. We build a firm dynamics model, where we allow firms to invest in innovation …