Articles by Michela Giorcelli:

How a Marshall Plan Program Boosted the Performance of Italian Firms for Decades

During the 1950s, as part of the Marshall Plan, the US subsidized loans to help European firms purchase technology and sponsored training trips for managers from abroad to US firms. Here, Michela Giorcelli of UCLA uncovers the significant long-term effects of this so-called Productivity Program for the Italian firms that participated in it—and in doing so illuminates larger questions about the drivers of firm performance.  

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