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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