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 some...

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...

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...