Abstract

From the 10 year enforcement of Law 488, it is possible to deduce on the one hand its neutrality in terms of industries, in coherence with a low-technology specialization model; on the other its contribution to the growth of local systems with cluster organizations emerging or characterized by enterprises with exogenous capital. In accordance with these results, which offer the policy makers supporting elements in the decision-making process in order to exploit the potential of the law, the recent reform of 488 is aimed at making investments more selective and mainly favouring innovative projects, small enterprises and the identification of deprived areas.