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Judicial System Reform in Italy - A Key to Growth

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Author Info

  • Gianluca Esposito
  • Sergi Lanau
  • Sebastiaan Pompe

Abstract

The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The Italian authorities have over the years taken steps to remove bottlenecks and speed up judicial proceedings. While these measures are generally steps in the right direction, more can be done. Consideration could be given, inter alia, to reviewing court fees, improving the new mandatory mediation scheme, strengthening court management, and reforming the appeal system.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 14/32.

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Length: 19
Date of creation: 13 Feb 2014
Date of revision:
Handle: RePEc:imf:imfwpa:14/32

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Related research

Keywords: Governance; Italy; Legislation; Foreign direct investment; Economic growth; judicial reform; growth; business environment; Italy; efficiency of justice; FDI; firm size;

This paper has been announced in the following NEP Reports:

References

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  1. Simeon Djankov & Oliver Hart & Caralee McLiesh & Andrei Shleifer, 2006. "Debt Enforcement Around the World," NBER Working Papers 12807, National Bureau of Economic Research, Inc.
  2. Silvia Giacomelli & Carlo Menon, 2012. "Firm Size and Judicial Efficiency in Italy: Evidence from the Neighbour's Tribunal," SERC Discussion Papers, Spatial Economics Research Centre, LSE 0108, Spatial Economics Research Centre, LSE.
  3. Laeven, Luc & Majnoni, Giovanni, 2003. "Does judicial efficiency lower the cost of credit:," Policy Research Working Paper Series 3159, The World Bank.
  4. Kee-Hong Bae & Vidhan K. Goyal, 2009. "Creditor Rights, Enforcement, and Bank Loans," Journal of Finance, American Finance Association, American Finance Association, vol. 64(2), pages 823-860, 04.
  5. Ewe-Ghee Lim, 2001. "Determinants of, and the Relation Between, Foreign Direct Investment and Growth," IMF Working Papers 01/175, International Monetary Fund.
  6. Beck, H.T.L. & Demirgüç-Kunt, A. & Maksimovic, V., 2006. "The influence of financial and legal institutions on firm size," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3125428, Tilburg University.
  7. Silvia Ardagna & Annamaria Lusardi, 2008. "Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints," NBER Working Papers 14012, National Bureau of Economic Research, Inc.
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