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This paper studies the effects of differences in local administrative burdens in Italy in the years preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before the reform (costs and time to start a business) with...
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The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...
Persistent link: https://www.econbiz.de/10005609341
instruments that regulators can use in their activity of prudential regulation and supervision. Such a framework should be … regulation activity. It is an extension and a reorganization of White's (2009) categorization, which in turn is built on Mishkin … setting of prudential regulation. …
Persistent link: https://www.econbiz.de/10004998785
There has been a significant increase in project financing in the public sector in Europe in the past decade, benefiting the implementation of infrastructure projects. In Italy, project financing is still much more limited than in such countries as Spain and the UK: the projects funded are...
Persistent link: https://www.econbiz.de/10008472088
Using data from a Bank of Italy survey, this paper analyzes the Italian taxi market and its recent changes. Local regulations are rather homogeneous, while there is a widespread disproportion, within municipal advisory committees, between the number of representatives of taxi drivers and that of...
Persistent link: https://www.econbiz.de/10005467322
We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti …-competitive regulation see a better economic performance of manufacturing industries using less-regulated services more intensively. Our … results indicate that lower service regulation translates into faster value added, productivity, and export growth of …
Persistent link: https://www.econbiz.de/10005113605