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We evaluate the effectiveness of a partial credit guarantee program implemented in a large Italian region using unique microdata from a broad set of firms. Our results show that the policy was effective to the extent that it resulted in an improved financial condition for the beneficiary firms....
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provides a unique bundle of benefits, such as tax incentives, public loan guarantees, and a more flexible labor law, for firms … registered as "innovative startups" in Italy. This legislation has been implemented by the Italian government to increase …
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