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From 8,000 to 1,000? Rationalization and governance of Italian Government-owned enterprises

Author

Listed:
  • Sauro Mocetti

    (Bank of Italy)

  • Giacomo Roma

    (Bank of Italy)

Abstract

Government-owned enterprises at state and local level represent a significant share of the Italian economy. These companies operate in various sectors and throughout the national territory, even though their number decreased between 2011 and 2018. A number of reforms have contributed to this change, including the Consolidated Law of 2016, which reorganized the applicable laws. The objectives of the rationalization, however, have been largely disregarded, both because of application difficulties and because the initial design has been weakened by subsequent interventions. Limited progress has also been made in aligning governance to international best practices. The professional skills of the directors and the quality of local public administrations are significantly correlated to the efficiency and performance of these companies.

Suggested Citation

  • Sauro Mocetti & Giacomo Roma, 2020. "From 8,000 to 1,000? Rationalization and governance of Italian Government-owned enterprises," Questioni di Economia e Finanza (Occasional Papers) 570, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_570_20
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    government-owned enterprises; state-owned enterprises; local public enterprises; public utilities; governance;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

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