Within the first three years of application Transition Plan 4.0 Italian companies as a whole have matured. 29 billion euros in tax credits For investments aimed at digitization of production systems. About 23 billion euros of this, equal to more than 80 percent, is related to investments. Material goods 4.0. 29 billion incentives have encouraged more investment with positive effects on employment and income of beneficiary companies. This is what Bank of Italy “Incentives in Investment 4.0: Assessing the Impact of Measurement” in Interim Evaluation Report. This report was edited by the Scientific Committee for the Evaluation of the Economic Impact of the Interventions of the “Transition Plan 4.0”, established by the Decree of the Minister of Economy and Finance of 23 November 2021 with the task of evaluating the economic impact. was done The effectiveness and efficiency of the interventions envisaged by the Interim Plan 4.0, composed of representatives of the Ministry of Economy and Finance, the Ministry of Enterprise and Made in Italy and the Bank. of Italy.
Transition 4.0 Plan
Introduced by the 2020 budget law, the Transition 4.0 plan is part of this. Actions envisaged by the Next Generation EU programme (NGEU) returned to support. Digitalization and innovation of the Italian production system. The Transition 4.0 plan provides a set of incentives to businesses, provided in the form of tax credits, investment in technologically advanced tangible and intangible assets, investment in research and development, technological innovation, design and aesthetics. Investments in theory (R&D&I) and 4.0 training. .
Effects on investment rates
The results of the study show that companies benefiting from Transition 4.0 Their investment rate increased The effect decreases with increasing reinforcement size compared to the sham control group and is significant for all treatment groups. is equal to the average increase in the rate of investment. About 0.5 and 0.8 percentage points For large and medium-sized businesses, it increases to 1.8 percentage points for small businesses. The greatest impact is estimated for businesses.
Micro, with increases compared to the control group of 3.3 and 3.7 percentage points, depending on the treatment group. These are huge impacts, considering that the average investment rate in the pre-incentive period is about 2 percent.
Effects on business employment
In the media employment Among the companies benefiting from Transition 4.0. Increased compared to the sham control group (3 to 8 percent depending on the group). The effects are significant and positive for almost all subsamples analyzed, except
Large businesses that invested in Tangible Assets 4.0 in 2022 and 2021 and 2022 Courts of Micro-Businesses. Transition 4.0 plan will increase employment. About 40 thousand units The three-year period 2020-2022 is being analyzed for companies. gave Small and medium businesses They are the ones that have increased the number of employed people the most in absolute terms (about 18 miles and 15 miles employees), followed by large companies (about 5 thousand) and micro companies (about 1,600).
Impact on business
Investments in material goods 4.0 have increased positively and statistically significantly. sale for leveraged companies of all size classes compared to companies in the artificial control group. An exception is micro-businesses, for which a positive and statistically significant effect on turnover was estimated only for the 2020 cohort (a similar result on employment). The overall increase in turnover that would have resulted from a transfer amount of 4.0 About 26 billion euros An almost equal split between companies small (Approximately 9 billion) Average (about 9 billion) e Large size (around 8 billion) The increase attributed to micro-businesses (around 540 million euros) is modest, partly due to the only indication of the group whose estimates are statistically significant (2020 cohort). For big business More than 60 percent Due to increase in business. The cohort of 2020With very different increases between years; Increases for the 2021 cohort are lower in absolute value than for the 2020 cohort and declines are recorded after the year in which benefits accrue. For small and medium-sized enterprises, the biggest impact on turnover is in the 2021 cohort (more than 55 percent of the total), the biggest impact for these enterprises in the year of implementation of the measure and Then decreases with time. For micro-businesses, the only group, in 2020, with statistically significant results predicted, the maximum change in business is observed in the year following the implementation of the initiative.
