IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2015-167.html
   My bibliography  Save this paper

Italy: Selected Issues

Author

Listed:
  • International Monetary Fund

Abstract

This Selected Issues paper establishes a causal link between public sector efficiency at the provincial level and firm productivity using data for about 450,000 Italian firms. It emphasizes that significant productivity gains could be realized if public sector efficiency improves from currently low levels. If efficiency rises to the frontier in all provinces, output per employee would increase 9 percent for the average firm. Implementing the public administration reform agenda and recommendations of the 2014 spending review and competition authority could help deliver some of these productivity gains.

Suggested Citation

  • International Monetary Fund, 2015. "Italy: Selected Issues," IMF Staff Country Reports 2015/167, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2015/167
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43047
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nadège Jassaud & Mr. Kenneth H Kang, 2015. "A Strategy for Developing a Market for Nonperforming Loans in Italy," IMF Working Papers 2015/024, International Monetary Fund.
    2. Mr. Wolfgang Bergthaler & Mr. Kenneth H Kang & Ms. Yan Liu & Mr. Dermot Monaghan, 2015. "Tackling Small and Medium Enterprise Problem Loans in Europe," IMF Staff Discussion Notes 2015/004, International Monetary Fund.
    3. Wolfgang Bergthaler & Kenneth H Kang & Yan Liu & Dermot Monaghan, 2015. "Tackling Small and Medium Enterprise Problem Loans in Europe," IMF Staff Discussion Notes 15/04, International Monetary Fund.
    4. Calomiris, Charles W. & Larrain, Mauricio & Liberti, José & Sturgess, Jason, 2017. "How collateral laws shape lending and sectoral activity," Journal of Financial Economics, Elsevier, vol. 123(1), pages 163-188.
    5. Gianluca Esposito & Mr. Sergi Lanau & Sebastiaan Pompe, 2014. "Judicial System Reform in Italy - A Key to Growth," IMF Working Papers 2014/032, International Monetary Fund.
    6. Nir Klein, 2013. "Non-Performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance," IMF Working Papers 2013/072, International Monetary Fund.
    7. Mehnaz Safavian & Heywood Fleisig & Jevgenijs Steinbuks, 2006. "Unlocking Dead Capital," World Bank Publications - Reports 11190, The World Bank Group.
    8. Jose M. Garrido, 2012. "Out-of-Court Debt Restructuring," World Bank Publications - Books, The World Bank Group, number 2230.
    9. Nadège Jassaud, 2014. "Reforming the Corporate Governance of Italian Banks," IMF Working Papers 2014/181, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jose M Garrido & Emanuel Kopp & Miss Anke Weber, 2016. "Cleaning-up Bank Balance Sheets: Economic, Legal, and Supervisory Measures for Italy," IMF Working Papers 2016/135, International Monetary Fund.
    2. Jose M Garrido, 2016. "Insolvency and Enforcement Reforms in Italy," IMF Working Papers 2016/134, International Monetary Fund.
    3. Matthes, Jürgen & Iara, Anna, 2016. "On the future of EMU: Targeted reforms instead of more fiscal integration," IW-Reports 17/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    4. Suarez, Javier & Sánchez Serrano, Antonio, 2018. "Approaching non-performing loans from a macroprudential angle," Report of the Advisory Scientific Committee 7, European Systemic Risk Board.
    5. Ewelina Mruk & Inmaculada Aguiar-Díaz & Maria Victoria Ruiz-Mallorquí, 2019. "Use of formal insolvency procedure and judicial efficiency in Spain," European Journal of Law and Economics, Springer, vol. 47(3), pages 435-470, June.
    6. Nieto-Carrillo, Ernesto & Carreira, Carlos & Teixeira, Paulino, 2022. "Giving zombie firms a second chance: An assessment of the reform of the Portuguese insolvency framework," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 156-181.
    7. Us, Vuslat, 2017. "Dynamics of non-performing loans in the Turkish banking sector by an ownership breakdown: The impact of the global crisis," Finance Research Letters, Elsevier, vol. 20(C), pages 109-117.
    8. David Bholat & Rosa M. Lastra & Sheri M. Markose & Andrea Miglionico & Kallol Sen, 2018. "Non-performing loans at the dawn of IFRS 9: regulatory and accounting treatment of asset quality," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(1), pages 33-54, January.
    9. Raffaella Barone & Donato Masciandaro, 2019. "Cryptocurrency or usury? Crime and alternative money laundering techniques," European Journal of Law and Economics, Springer, vol. 47(2), pages 233-254, April.
    10. Adlah A. Alessa & Wafa Fahad Alsaeed & Jamel Azibi & Aymen Ajina, 2017. "The Effect of Suspended Salary Allowance on Business Loan in Saudi Arabia," Business and Management Research, Business and Management Research, Sciedu Press, vol. 6(4), pages 26-39, December.
    11. Jae Chung & Mr. Lev Ratnovski, 2016. "Benefits and Costs of Corporate Debt Restructuring: An Estimation for Korea," IMF Working Papers 2016/204, International Monetary Fund.
    12. Kraemer-Eis, Helmut & Lang, Frank & Gvetadze, Salome, 2015. "European Small Business Finance Outlook: June 2015," EIF Working Paper Series 2015/28, European Investment Fund (EIF).
    13. International Monetary Fund, 2016. "Portugal: Ex Post Evaluation of Exceptional Access Under the 2011 Extended Arrangement-Press Release; Staff Report; and Authorities Views," IMF Staff Country Reports 2016/302, International Monetary Fund.
    14. Tölö, Eero & Virén, Matti, 2021. "How much do non-performing loans hinder loan growth in Europe?," European Economic Review, Elsevier, vol. 136(C).
    15. Vincenzo D'Apice & Franco Fiordelisi & Giovanni W. Puopolo, 2020. "Judicial Efficiency and Lending Quality," CSEF Working Papers 588, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    16. Sebastian Ion Ceptureanu, 2015. "Young Smes Insolvency.Theoretical Considerations And Policy Actions," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 120-126.
    17. Brunella Bruno & Immacolata Marino, 2017. "Bad loans and resource allocation in crisis years: Evidence from European banks," BAFFI CAREFIN Working Papers 1752, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    18. Müge Adalet McGowan & Dan Andrews & Valentine Millot, 2017. "Insolvency regimes, zombie firms and capital reallocation," OECD Economics Department Working Papers 1399, OECD Publishing.
    19. Ana Fontoura Gouveia & Filipa Canas, 2016. "Reallocation of Resources between Tradable and Non-Tradable Sectors in Portugal: Developing a new Identification Strategy for the Tradable Sector," GEE Papers 0060, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Feb 2016.
    20. Cathcart, Lara & Dufour, Alfonso & Rossi, Ludovico & Varotto, Simone, 2020. "The differential impact of leverage on the default risk of small and large firms," Journal of Corporate Finance, Elsevier, vol. 60(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2015/167. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.