Cerqua, Augusto; Pellegrini, Guido - Dipartimento di Scienze Sociali ed Economiche, … - 2014
The shortage of studies on spatial spillovers of industrial policies is rather surprising considering that such … relaxes the SUTVA and allows contrasting the positive agglomeration effects with the negative cross-sectional substitution and … capital subsidy policy in Italy we find a positive and large effect of the policy on subsidised firms in terms of investment …