The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the conditions for a local random experiment created by Law 488/92 (henceforth L488), which has been an important policy instrument for reducing territorial disparities in Italy. The...

This paper studies total factor productivity (TFP) in Thai agriculture to provide better empirical evidence on the TFP measure and the factors influencing it. It employs time-series data at an aggregate level over the period 1970-2006 for both crops and livestock,individually, using the...