No. 640 - New evidence on State aid for firms in Italy

This paper exploits a new database, the National State Aid Register, in order to analyse the characteristics of State aid granted to Italian firms from 2018-20, in particular in Southern Italy.

The analysis suggests that industrial policy in Italy is highly fragmented, with fewer resources utilized with respect to the European average. We also show that this aid has been primarily used for SMEs, and to a greater extent (as a ratio of turnover) for those in Southern Italy.