Italian startups financed by venture capitalists (VCs) experience a faster growth in size and become more innovative compared with other startups. VC-backed firms also show a much larger increase in equity and a reduction in their leverage. This evidence is obtained by comparing a representative...

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...

In this paper we estimate the long-run relationship between regional total factor productivity, R&D, human capital and public infrastructure between 1980 and 2001. We take advantage of recent developments panel cointegration techniques that control for endogeneity of regressors to estimate...

Italian Abstract: Secondo i dati di commercio estero, il settore farmaceutico, in cui il nostro paese è fortemente specializzato, ha contribuito in misura determinante alla ripresa delle esportazioni italiane di beni dal 2010; nel 2019 si è registrato un aumento particolarmente pronunciato delle...

We study the structural change between 2001 and 2018 in the Centre-North and the South of Italy, focusing on productivity dynamics and microeconomic determinants. We document three main results. First, the deindustrialization process in the South started after the financial crisis and was more...