The shortage of studies on spatial spillovers of industrial policies is rather surprising considering that such … capital subsidy policy in Italy we find a positive and large effect of the policy on subsidised firms in terms of investment …

, whereas the possible spillovers on other firms have been mostly overlooked. This is due to the dependence of these analyses on … of detecting potential positive and negative spillovers. In presence of spillovers, the use of eligible but unsubsidized … we find positive spillovers in terms of investments and negative spillovers in terms of employment, but these estimates …

between employment growth and three endogenously determined business subsidy types (i.e. employment subsidy, R&D subsidy and … the group of other business subsidies). We find a positive contemporary relationship between all business subsidy types …

relate positively to the contemporary employment growth for both start-ups and incumbents. Furthermore, after subsidy … contemporary or after-subsidy growth for young high-growth companies. There are apparently some other factors that promote growth …