search query: @author Vivarelli, M. / total: 4
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| Author: | Santarelli, E. Vivarelli, M. |
| Title: | Is subsidizing entry an optimal policy? |
| Journal: | Industrial and Corporate Change
2002 : FEB, VOL. 11:1, p. 39-52 |
| Index terms: | EURO INDUSTRIAL POLICY ITALY |
| Language: | eng |
| Abstract: | Public subsidies in support of new firm foundation are among the most frequently used instruments of industrial policy in the Euro zone. This paper analyses their effectiveness and efficiency vis-a-vis some features of the overall process of industry dynamics in Italian manufacturing. To this end, the survival and growth patterns of new small firms are investigated using a unique dataset on electrical and electronic engineering in Italy. As regards survival, the authors' results confirm the findings of other studies, namely that the hazard rates are particularly high in the early stages of firm's lifecycle. |
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