Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297149 
Year of Publication: 
2023
Series/Report no.: 
LEM Working Paper Series No. 2023/41
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Abstract: 
Investments in advanced manufacturing technologies are expected to generate substantial gains for firms. The aim of this work is to evaluate the nature and extent of such gains. We use information on the ''Nuova Sabatini'' subsidy - an important policy measure adopted in Italy over the last few years - and employ a Difference-in-Differences methodology to estimate the effects of digital technologies on adopters relative to a first control group of applicants whose funding was revoked, and a second one obtained through statistical matching. The analysis exploits the rare opportunity of bringing together data from the Italian ''National Register of State Aids'' (NRA), confidential data from the Ministry of Economic Development (MiSE), and financial data from the complete business register of the Italian Chambers of Commerce (InfoCamere). Results show that new digital investments have positive effects on productivity and that the policy is effective in boosting the overall performance of treated firms. In addition, there is no evidence that digital adoption results in technological unemployment.
Subjects: 
Advanced manufacturing
Industry 4.0
Technology diffusion
Adoption subsidies
Industrial strategy
JEL: 
D20
O33
O25
Document Type: 
Working Paper

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