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The Economic Impact of EU Competitiveness Programs on Italian SMEs

Author

Listed:
  • Stefano Marzioni

    (LUISS “Guido Carli” University-Casmef, Rome)

  • Luciano Monti

    (LUISS “Guido Carli” University-Department of Political Science, Rome)

  • Alessandro Pandimiglio

    (“Gabriele d’Annunzio” University, Pescara and LUISS “Guido Carli” University, Rome)

  • Marco Spallone

    (“Gabriele d’Annunzio” University-Department of Economics, Pescara and LUISS “Guido Carli” University, Rome)

Abstract

This paper focuses on how structural funds from the EU might alleviate the credit crunch on Italian SMEs. We found that resources directly available to SMEs represent only 0.19% of 2013 loan facilities: moreover, the allotted resources for SMEs in 2014-2020 programs is expected to be even less. Not only are available resources scarce, but they are also allocated in an inefficient way through procedures that are not always transparent. We conclude that it would be very useful to improve efficiency and transparency, by adopting simpler procedures and reducing compliance costs.

Suggested Citation

  • Stefano Marzioni & Luciano Monti & Alessandro Pandimiglio & Marco Spallone, 2014. "The Economic Impact of EU Competitiveness Programs on Italian SMEs," Rivista di Politica Economica, SIPI Spa, issue 2, pages 129-148, April-Jun.
  • Handle: RePEc:rpo:ripoec:y:2014:i:2:p:129-148
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    More about this item

    Keywords

    structural funds; SMEs; innovation.;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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