This paper explores the role that judicial efficiency may play as a determinant of inward FDI at sub-national level. Italy is an ideal case to deal with this still unexplored issue since the same law apply in all the national territory, but the degree of law enforcement varies considerably across different courts. We found that judicial efficiency affects positively FDI inflows. This result, though heterogeneous across different economic sectors, is robust to different specifications and sample selections. Our results have interesting policy implications, since they highlight the importance of non-targeted FDI policies as factors driving inward flows.

本文探讨了司法效率作为决定国家以下一级 FDI 流入的决定因素可能发挥的作用。意大利是处理这一尚未探索的问题的理想案例，因为同一法律适用于所有国家领土，但不同法院的执法程度差异很大。我们发现司法效率正向影响 FDI 流入。这一结果虽然在不同的经济部门之间存在异质性，但对不同的规格和样本选择来说是稳健的。我们的结果具有有趣的政策含义，因为它们强调了非定向 FDI 政策作为推动流入的因素的重要性。