In this article we attempt an overall evaluation of what are called "planning contracts", a policy measure originally designed in 1986 to encourage large firms to invest in Southern Italy and that a new law has recently re-launched. On the basis of secondary data, we take into consideration three aspects: a) a full and detailed picture of how the regulation has changed in the course of time; b) quantitative indicators concerning investments, employment and public disbursement; c) the additionality of the incentive and the effectiveness of the negotiation process. The combined analysis of these three aspects suggests that although the planning contracts partly achieved their development goals, important changes to the policy design are needed.
Keywords: Contratti di programma, grandi imprese, consorzi di imprese, Mezzogiorno, politica industriale
Jel Code: L520, L530