This paper analyses the impact of subsidies for the promotion of Italian joint ventures (JVs) aimed at LDCs and transition economies. The empirical analysis is carried out on a unique dataset of 172 JVs interviewed during 1998 by means of a closed-answer qualitative-quantitative questionnaire. The main finding of the study is that, although there is a significant deadweight component in incentive policy, the subsidized firms are significantly more likely to grow. Moreover, the JVs comprising new firms (which need to grow to survive) also have a higher employment performance than average, as do the (labour intensive) JVs motivated by the search for lower labour costs, and the JVs in east European countries.
|Titolo:||The role of subsidies in promoting Italian joint ventures in least developed and transition economies|
BARBA NAVARETTI, GIORGIO (Primo)
|Settore Scientifico Disciplinare:||Settore SECS-P/01 - Economia Politica|
|Data di pubblicazione:||2002|
|Digital Object Identifier (DOI):||10.1080/00036840110105029|
|Appare nelle tipologie:||01 - Articolo su periodico|