IMF Staff Country Reports

Italy: Selected Issues

Publication Date:

July 7, 2015

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2015/167

Subject:

Corporate sector Distressed assets Economic sectors Financial institutions Financial sector policy and analysis Financial statements Nonperforming loans Productivity Public financial management (PFM) Public sector