IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/50113.html
   My bibliography  Save this paper

The sustainability of the Italian public finances: an overview

Author

Listed:
  • Salustri, Andrea

Abstract

The Italian international reputation in mainly related to the high level of its public debt. During the Great Recession, this fact, associated to the stagnation of productivity, raised serious doubts on its economic and financial sustainability. The doubts are legitimated also by the fact that Italy is a net borrower of capitals from abroad, as its Net International Investment Position (NIIP) is negative. The statistical analysis of the Italian public finances suggests how the deep causes of the Italian financial and economic fragility rest in the malfunctioning of the institutional (public and private) and economic framework. The Italian economy should manage its structural weaknesses: i) by maturing a long term view able to involve the capital stocks in the economic reasoning; ii) by enabling SME and citizens’ participation in all the economic activities; by empowering the third sector and more in general non profit activities in order to facilitate the formation of social capital.

Suggested Citation

  • Salustri, Andrea, 2013. "The sustainability of the Italian public finances: an overview," MPRA Paper 50113, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:50113
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/50113/1/MPRA_paper_50113.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Finance Corporation & World Bank, 2013. "Doing Business 2013 : Smarter Regulations for Small and Medium-Size Enterprises [Regulaciones inteligentes para las pequeñas y medianas empresas : resumen ejecutivo (Vol. 2)]," World Bank Publications - Books, The World Bank Group, number 11857.
    2. repec:wbk:wboper:13331 is not listed on IDEAS
    3. World Bank & International Finance Corporation, "undated". "Doing Business in Italy 2013 : Smarter Regulations for Small and Medium-Size Enterprises," World Bank Publications - Reports 13332, The World Bank Group.
    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. Wu Juan & Li Yaokuang, 2020. "An Exploratory Cross-Country Analysis of Female Entrepreneurial Activity: The Roles of Gendered Institutions," Entrepreneurship Research Journal, De Gruyter, vol. 10(3), pages 1-20, July.
    2. Filipe, Sara Ferreira & Grammatikos, Theoharry & Michala, Dimitra, 2016. "Forecasting distress in European SME portfolios," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 112-135.
    3. Brixiová, Zuzana & Ncube, Mthuli & Bicaba, Zorobabel, 2015. "Skills and Youth Entrepreneurship in Africa: Analysis with Evidence from Swaziland," World Development, Elsevier, vol. 67(C), pages 11-26.
    4. Nora Aboushady & Chahir Zaki, 2016. "Investment Climate and Firms’ Exports in Egypt: When Politics Matter," Working Papers 1071, Economic Research Forum, revised 12 2016.
    5. Charis Vlados & Dimos Chatzinikolaou & Michail Demertzis, 2020. "The Case of the European South on Entrepreneurship Enhancement Policies," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 10(1), pages 45-56.
    6. Zuzana Novotn & Petra nov & Adriana Laputkov, 2016. "Evaluation of the Quality of Governance in African Countries using Aggregate Indicators," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 682-687.
    7. Florence Kondylis & Mattea Stein, 2023. "The Speed of Justice," The Review of Economics and Statistics, MIT Press, vol. 105(3), pages 596-613, May.
    8. Katy Cornwell & Titik Anas, 2013. "Survey of recent developments," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 49(1), pages 7-33, April.
    9. Zara Liaqat, 2019. "Providing a Safe Working Environment: Do Firm Ownership and Exporting Status Matter?," Asian Development Review, MIT Press, vol. 36(2), pages 215-247, September.
    10. Egger, Peter H. & Erhardt, Katharina & Keuschnigg, Christian, 2020. "Heterogeneous tax sensitivity of firm-level investments," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 512-538.
    11. World Bank & Asian Development Bank, 2015. "The Investment Climate Assessment 2014 : Creating Opportunities for Firms in Cambodia," World Bank Publications - Reports 21529, The World Bank Group.
    12. Iwasaki, Ichiro & Kočenda, Evžen & Shida, Yoshisada, 2021. "Distressed acquisitions: Evidence from European emerging markets," Journal of Comparative Economics, Elsevier, vol. 49(4), pages 962-990.
    13. Josée St-Pierre & Luc Foleu & Georges Abdul-Nour & Serge Nomo, 2015. "Les Freins Au Développement Des Pme Camerounaises : Qu’En Pensent Les Entrepreneurs?," Post-Print hal-01703201, HAL.
    14. Evelina Mengova, 2014. "Quality of Institutions and Outsourcing," International Economic Journal, Taylor & Francis Journals, vol. 28(4), pages 639-659, December.
    15. Charis Vlados & Dimos Chatzinikolaou & Michail Demertzis, 2019. "Policies to Foster Entrepreneurship: Elements from the European Experience in Micro-Meso-Macro Terms," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 69-89.
    16. Miao Wang & M. C. Sunny Wong, 2016. "Effects of Foreign Direct Investment on Firm-level Technical Efficiency: Stochastic Frontier Model Evidence from Chinese Manufacturing Firms," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(3), pages 335-361, September.
    17. Campos,Francisco Moraes Leitao & Goldstein,Markus P. & Mckenzie,David J. & Campos,Francisco Moraes Leitao & Goldstein,Markus P. & Mckenzie,David J., 2015. "Short-term impacts of formalization assistance and a bank information session on business registration and access to finance in Malawi," Policy Research Working Paper Series 7183, The World Bank.
    18. De Groot, Olaf & Pérez Ludeña, Miguel, 2014. "Foreign direct investment in the Caribbean: Trends, determinants and policies," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 36620, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    19. Yannis M. Ioannides & Christopher A. Pissarides, 2015. "Is the Greek Crisis One of Supply and Demand?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(2 (Fall)), pages 349-373.
    20. Aboushady, Nora & Zaki, Chahir, 2016. "Productivity, Exports Performance and Investment Climate: Evidence from Firm Level-Data," Conference papers 332689, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

    More about this item

    Keywords

    Debt-GDP ratio; spending review; economic inclusion;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:pra:mprapa:50113. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.