The Competitiveness of Italian Firms: The Source of the Trouble.

Review of Economic Conditions in Italy, No.1, 2005

20 Pages Posted: 4 Sep 2007

See all articles by Massimo Del Gatto

Massimo Del Gatto

CRENOS - Centre for North South Economic Research; 'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics

Gianmarco I.P. Ottaviano

Bocconi University - Department of Economics and Paolo Baffi Centre on Central Banking and Financial Regulation

Marcello Pagnini

Bank of Italy

Abstract

Italy's competitiveness problem ultimately concerns the productivity of its firms and the quality of its products. To stimulate productivity growth and upgrade the quality of products, there must be room for "creative destruction" through competition within a fair and transparent normative context. The aim is to stimulate competition among firms, the contestability of their market shares, integration between regional markets through the improvement of logistic infrastructures, competition in business services and the simplification of legislation and bureaucratic procedures. A return to protectionist manoeuvres that resurrect the perverse logic of past devaluations would instead contain the seed of Italy's economic retrogression.

Suggested Citation

Del Gatto, Massimo and Ottaviano, Gianmarco I.P. and Pagnini, Marcello, The Competitiveness of Italian Firms: The Source of the Trouble.. Review of Economic Conditions in Italy, No.1, 2005, Available at SSRN: https://ssrn.com/abstract=1010698

Massimo Del Gatto (Contact Author)

CRENOS - Centre for North South Economic Research ( email )

Cagliari
Italy

'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics ( email )

Faculty of Economics - Department of Economics
Viale Pindaro, 42
Pescara, 65127
Italy

Gianmarco I.P. Ottaviano

Bocconi University - Department of Economics and Paolo Baffi Centre on Central Banking and Financial Regulation ( email )

Via Gobbi 5
Milan, 20136
Italy

Marcello Pagnini

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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