La Legge 488/92 prevede che le imprese che vogliano investire nelle aree in ritardo di sviluppo possano richiedere un sussidio che copre una frazione della spesa di investimento. Gli incentivi sono assegnati attraverso delle aste competitive che tengono conto di alcuni criteri, come la...

The paper examines how private investment responds to investment tax credit, enacted by Italy's Law 388/2000. To assess whether the program made investments possible that otherwise would not have been made, it exploits some features of the tax credit scheme, such as the fact that some Italian...

Since the second half of the �90s, investment incentives channeled through the Law 488 have represented the main policy instrument for reducing territorial disparities in Italy. From 1996 to2003, the total amount of funds distributed to industrial firms has accounted for 16 billions of Euro...

This paper examines how business investment responds to investment tax credit, as enacted by Italy�s Law 388/2000. To assess whether the programme made investments possible that otherwise would not have been made, it exploits some features of the tax credit scheme, such as the fact that...