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Industrial Policies and Institutional Sustainability. The Case of Inner Areas in Italy

In: Innovative Business Development—A Global Perspective

Author

Listed:
  • Fabio Musso

    (Carlo Bo University of Urbino)

  • Gaetano Fausto Esposito

    (Consorzio Universitario di Economia Industriale e Manageriale and Assocamerestero)

Abstract

The principal aim of this study is to develop a model for analyzing and assessing industrial policies based on the concept of institutional sustainability. Institutional sustainability should inform public policies in order to improve the productive structure of a country or a region, thereby contributing to its economic and social development. For this purpose, a two-step assessment model has been developed and tested on a case study. The case analyzed is that of the inner areas in Italy, for which a development strategy has been planned at the national level. Results show an influence of the institutional system on market functioning and also the influence of a dominant culture in favor of institutional mechanisms, which are still affected by individualism and closure to collaborative market relationships. Based on this analysis, the main measures to be implemented in the case analyzed have been identified, with the objective of stimulating the expansion of business opportunities, improving market functionality and thus reducing delay in the industrial development.

Suggested Citation

  • Fabio Musso & Gaetano Fausto Esposito, 2018. "Industrial Policies and Institutional Sustainability. The Case of Inner Areas in Italy," Springer Proceedings in Business and Economics, in: Ramona Orăștean & Claudia Ogrean & Silvia Cristina Mărginean (ed.), Innovative Business Development—A Global Perspective, pages 219-239, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-01878-8_19
    DOI: 10.1007/978-3-030-01878-8_19
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    References listed on IDEAS

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