Diagnosing the Italian Disease
---- Acknowledgements ----
Bruno Pellegrino gratefully acknowledges financial support from the Price Center for Entrepreneurship at UCLA Anderson. Luigi Zingales gratefully acknowledges financial support from the Stigler Center at the University of Chicago Booth School of Business. We thank Carlo Altomonte and Tommaso Aquilante for providing us with additional data from the EFIGE dataset and useful discussions. We are grateful to Andrei Shleifer, Raffaella Sadun, Romain Wacziarg, and seminar participants at Chicago Booth, UCLA Anderson, Harvard Business School, Berkeley Haas, and Purdue for their helpful comments and feedback. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.