Title Identifying service market reform priorities in Italy [electronic resource] / by Nazim Belhocine and Daniel Garcia-Macia.
Imprint [Washington, D.C.] : International Monetary Fund, 2020.©2020
Author Belhocine, Nazim. author.
Garcia-Macia, Daniel. author.
International Monetary Fund . issuing body.
Date 01-01-2020
Physical description 1 online resource (35 pages).
online resource
Series IMF working paper ; no. 20/39
IMF working paper ; no. 20/39.
Item WEB (Copy 1) INTRANET 1255216-1001 ONLINE
URL Available from internal network: http://err.parl.net/client/en_GB/search/asset/80217/0
Major subject Italy
Service sector
Government regulation
Minor subject Economic models
Overseas item
Notes "February 2020"
Includes bibliographical references.
ISBN 9781513529998
Abstract Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European countries, especially in strongly regulated sectors. A model of monopolistic competition is used to identify which service sectors would benefit more from removing entry and/or exit barriers. Using Italian firm-level data, the paper finds that sectors with high markups, such as professional services, would primarily benefit from removing entry barriers. Sectors with a large mass of unproductive firms, such as retail, would instead benefit from removing exit barriers. Policy recommendations to improve efficiency are outlined in relation to the sectoral priorities identified in the data.
LCN 1255216
Item ID 1255216-1001
Database Library Catalogue