Castris, Marusca De; Pellegrini, Guido - Centro di Ricerca sull'Economia delle Istituzioni … - 2008
Several analyses show that regional capital incentives induce additional investment and growth (Schalk and Untiedt, 2000). The impact of capital subsidies on employment is more doubtful, even if many studies found that the substitution effect outweighs the output effect (Gabe and Kraybill,...