This paper studies the equilibrium dynamics of a growth model with public spending. The model considers negative production externalities by explicitly including them as unfavorable effects in the production function. Differently from conventional analysis here government spending along with...

: This paper studies the equilibrium dynamics of a growth model with public finance where two different allocations of public resources are considered. The model simultaneously determines the optimal shares of consumption, capital accumulation, taxes and composition of the two different public...

This paper investigates the effect of subsidies on the adoption of information and communication technology in Italy. We argue that the important geographical differences between North and South Italy are something that public policy should be concerned of. A matching estimator is used to...

Employing data from Italian manufacturing firms, this paper attempts to check the existence of geographic and industry distance effects on the investment in information and communication technology (ICT). Geographic distance is defined by the Euclidean distance between each possible pair of...

This paper applies the Inverse Hyperbolic Sine (IHS) transformation to explore the variables that determine a firm’s R&D collaborative expenditure. The IHS specification is used to overcome the inconsistencies deriving from non-normality of error terms which are typical in censored data. This...

This paper employs individual firm data in order to check the existence of industry-spatial effects alongside other microeconomic determinants of R&D investment. Spatial proximity is defined by a measure of firms' industry distance based on trade intensity between sectors. The spatial model...

Working on a micro based data set this paper attempts to shed light on the effects of public grants on firms? investments, with particular emphasis on ICT adoption. The results show that adoption of ICT is affected by both the industry and firm characteristics. We examine particularly whether...