Italy [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 06/59Publication details: Washington, D.C. : International Monetary Fund, 2006Description: 1 online resource (142 p.)ISBN: 1451819889 :ISSN: 1934-7685Subject(s): Budget Constraints | Fiscal Policy | High Tax Burden | International Monetary Fund | Public Investment | ItalyAdditional physical formats: Print Version:: Italy : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper investigates the factors behind the deterioration in Italy's international competitiveness. It concludes that the loss of competitiveness accumulated by Italian firms in recent years is mainly a consequence of weak long-term productivity performance. The paper explores the link between policies and growth. Specifically, it finds evidence that rigid product markets and a high tax burden on labor have been associated with slower growth in European regions. The paper also analyzes the role of fiscal policy and its implications for household consumption decisions.
This Selected Issues paper investigates the factors behind the deterioration in Italy's international competitiveness. It concludes that the loss of competitiveness accumulated by Italian firms in recent years is mainly a consequence of weak long-term productivity performance. The paper explores the link between policies and growth. Specifically, it finds evidence that rigid product markets and a high tax burden on labor have been associated with slower growth in European regions. The paper also analyzes the role of fiscal policy and its implications for household consumption decisions.
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