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Sectoral Regulatory Reforms in Italy: Framework and Implications

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  • Alessandro Goglio
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    Abstract

    This paper discusses product market regulatory reforms in Italy over the past decade. Special attention is given to the underlying macroeconomic context for sectoral reforms and the role played by such reforms in consolidating the gains of macroeconomic convergence for entry into the European Monetary Union. The paper suggests that the shift towards more market-oriented and less interventionist policies, has allowed Italy’s legal and institutional framework to come closer to the mainstream of good regulatory practices in the OECD countries. With Italy having been initially a laggard on the regulatory reform front, recent achievements have been remarkable. They are, however, incomplete. A major challenge is the need to secure competition in the sheltered sectors of the economy, where inflation inertia raises costs and affects the exposed sectors, thereby weakening international competitiveness ... Ce document traite des réformes réglementaires du marché des produits en Italie au cours de la décennie passée. Une attention spéciale a été donnée au contexte macro-économique sous-jacent pour les réformes sectorielles et le rôle joué par de telles réformes dans la consolidation des gains en matière de convergence macro-économique dans la perspective de l’entrée dans l’Union Monétaire européenne. Le document suggère que la transition vers des politiques économiques plus orientées vers le marché et moins interventionnistes a permis à l’Italie de se doter d’un cadre institutionnel et juridique plus conforme au courant des bonnes pratiques réglementaires au sein des pays de l’OCDE. Étant donné que l’Italie accusait un retard initial sur le front de la réforme réglementaire, les réalisations récentes ont été remarquables. Elles sont, cependant, incomplètes. Un défi important réside dans la nécessité d’une concurrence assurée dans les secteurs protégés de l’économie, où l’inertie de ...

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    File URL: http://dx.doi.org/10.1787/857601117127
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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 294.

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    Date of creation: 14 May 2001
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    Handle: RePEc:oec:ecoaaa:294-en

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    Related research

    Keywords: competition policy; Italy; macroeconomic convergence; regulatory reforms; convergence macroéconomique; politique concurentielle; réforme réglementaire; Italie;

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    Cited by:
    1. Kugler, Adriana D. & Pica, Giovanni, 2004. "Effects of Employment Protection and Product Market Regulations on the Italian Labour Market," CEPR Discussion Papers 4216, C.E.P.R. Discussion Papers.
    2. Adriana Kugler & Giovanni Pica, 2003. "The Effects of Employment Protection and Product Market Regulations on the Italian Labor Market," LABORatorio R. Revelli Working Papers Series 28, LABORatorio R. Revelli, Centre for Employment Studies.

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