IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_60_10.html
   My bibliography  Save this paper

Public incentives for firms: micro-level evidence

Author

Listed:
  • Diego Caprara

    (Banca d'Italia)

  • Amanda Carmignani

    (Banca d'Italia)

  • Alessio D'Ignazio

    (Banca d'Italia)

Abstract

This paper provides a statistical overview of the extent and composition of publicly-funded loans granted by banks to Italian firms. The analysis is based on the universe of reports to the Central Credit Register (CR). Between 1998 and 2007 the subsidized loans recorded by the CR amounted to about 0.3 per cent of GDP and involved approximately 27,000 firms, mainly limited companies. Our results confirm that publicly-subsidized loans are the most common type of subsidy in the Centre and North, while in the South non-returnable grants have traditionally been more predominant. Among the regions of the Centre and North, subsidies of this kind figure most prominently in Friuli Venezia Giulia, Veneto, and Trentino Alto Adige. The share of subsidized lending is greater among larger enterprises, especially agricultural firms and in industry excluding construction.

Suggested Citation

  • Diego Caprara & Amanda Carmignani & Alessio D'Ignazio, 2010. "Public incentives for firms: micro-level evidence," Questioni di Economia e Finanza (Occasional Papers) 60, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_60_10
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2010-0060/QEF_60.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    firms; financial subsidies;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_60_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.