Autori
Barba Navaretti, Giorgio
Santarelli, Enrico
Vivarelli, Marco

Titolo
The role of subsidies in promoting Italian joint ventures in least developed and transition economies.
Periodico
Università degli studi di Ancona. Dipartimento di Economia. Quaderni
Anno: 2000 - Volume: 4 - Fascicolo: 129 - Pagina iniziale: 1

This paper analyses the impact of subsidies for the promotion of Italian joint ventures (JVs) aimed at LDC and transition economies. The empirical analysis is canied out on a unique dataset of 172 JVs interviewed during 1998 by means of a closed-answer qualitativequantitative questionnaire. The main finding of the study is that, although there is a significant deadweight component in incentive policy, the subsidised 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.




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