Mon compte |
Mon panier d'achats |
Ma bibliographie 
Contacts |
Aide 
Revue de l'OFCE
Presses de Sc. Po.

I.S.B.N.2-7246-3066-1
400 pages

p. 279 à 302
doi: en cours

Veille sur la revue
Veille sur l'auteur
Acquérir ce numéro S'abonner à la revue
Vous consultez

New Directions in Productivity Analysis

no 97 bis 2006/5


Discipline > Revue > Sommaire > Résumé
Police normale Agrandir la police Imprimer l’article. Nouvelle fenêtre


The Effects of Subsidies on Investment: an Empirical Evaluation on ICT in Italy

Gianfranco E. Atzeni Oliviero A. Carboni
Résumé de l'article
Working on a micro based data set this paper attempts to shed light on the effects of public grants on firms’ investments, with particular emphasis on ICT adoption. The results show that adoption of ICT is affected by both the industry and firm characteristics. We examine particularly whether subsidies are important in this process and whether there are differences based on firm size. A matching estimator for the average treatment effect is applied to explore the effectiveness of subsidies. Regardless of sector we find evidence that subsidies on average have a significant impact on both overall investment and ICT investment. The impact is more pronounced for small firms and insignificant for the largest firms. Subsidies spill over both to internal and external financial resources. Given the small average size of firms in Italy, we conclude that small firms should receive subsidies to stimulate investment.
JEL Classification: C21, D24, L23, O30.Keywords : information and communication technologies, subsidies, treatment effect, nearest neighbour matching estimator.
Plan de l'article
• Introduction
• Data and variable description
• The ICT adoption selection process
• The effect of subsidies on ICT adoption
• Conclusion
• References


Ajouter cet article à votre panier d’achats
© Cairn.info 2009 Vie privée | Conditions d’utilisation | Conditions générales de vente
Cairn.info | Éditeurs | Bibliothèques | Aide à la navigation | Plan du site | Raccourcis