IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_793_23.html
   My bibliography  Save this paper

The economy of Rome in the years two-thousands

Author

Listed:
  • Raffaello Bronzini (coordinator)

    (Bank of Italy)

  • Massimiliano Bolis

    (Bank of Italy)

  • Federica Daniele

    (Ocse, Parigi)

  • Claudia Di Carmine

    (Bank of Italy)

  • Luigi Leva

    (Bank of Italy)

  • Francesco Montaruli

    (Bank of Italy)

  • Elena Romito

    (Bank of Italy)

  • Daniele Ruggeri

    (Bank of Italy)

  • Elisa Scarinzi

    (Bank of Italy)

Abstract

The report examines the Rome metropolitan area’s economy from the early 2000s to the eve of the pandemic. For over nearly two decades the capital’s per capita value-added dynamic has been lower than that of the other major Italian and European cities, owing to an unsatisfactory output per worker trend. In the face of a decline in the public sector, in large companies, and in investments, there has been a rapid rise in employment in low knowledge-intensive services, which is also due to a significant increase in tourist flows. As a result, there has been a significant decrease in specialization in knowledge-intensive services and a significant increase in low-skilled occupations. Despite these dynamics, Rome’s economy retains a number of strengths, including: the continued centrality of knowledge-intensive services and the high degree of internationalization of those for businesses, the significant weight of workers with a higher education, a high company birth rate, and a large portion of public research.

Suggested Citation

  • Raffaello Bronzini (coordinator) & Massimiliano Bolis & Federica Daniele & Claudia Di Carmine & Luigi Leva & Francesco Montaruli & Elena Romito & Daniele Ruggeri & Elisa Scarinzi, 2023. "The economy of Rome in the years two-thousands," Questioni di Economia e Finanza (Occasional Papers) 793, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_793_23
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2023-0793/QEF_793_23.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    urban economics; structural change; labor productivity; inequalities;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_793_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.