The aim of this paper is to explore the impact of SME and large project incentive schemes in two cases: in areas where financial assistance has been taken up by SME and large firms, and in areas where only SME are
subsidized. The analysis is based on the two major measures for local development in Italy: incentives by
Law 488/92, mainly devoted to SME, and contratti di programma (program agreements), created for large projects.
Link
http://www.ersa.org/ersaconfs/ersa05/papers/755.pdf