Innovation effects of place-based investment-incentives: Evidence from Italy

Key Points

• Place-based investment incentives drive notable innovation effects in selected Italian regions, enhancing economic growth.
• The study found a 15% increase in innovation outputs due to targeted investment incentives over three years.
• Observational analysis of economic data across various regions in Italy illuminated these innovation effects.
• Policymakers may consider these incentives to foster regional economic development and innovation.