This study contributes to the debate about the role of industrial policies for innovation and internationalization on local economic performance. A panel data analysis on Italian regions examines the interrelationships between public grants, level of innovation and internationalization and...

This study explores the process of firms' participation in financial subsidies supporting outward foreign direct investments. Policy makers should be concerned about the existence of self-selection mechanisms among eligible firms as they could fail to reach the target population. Using...

Public incentives have often been criticized for being ineffective, but there is still a lack of specific, rigorous analyses to either support or debunk that claim. In fact, no evidence has been provided so far on the role and effectiveness of financial incentives for outward...