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Il miglioramento qualitativo delle produzioni italiane: evidenze da prezzi e strategie delle imprese

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  • Valter Di Giacinto
  • Giacinto Micucci

Abstract

Even before the global crisis, the Italian economy was experiencing international difficulties, although the slow growth and declining share of world trade were accompanied by a perceptible process of manufacturing transformation. The paper uses data from the Bank of Italy’s survey of manufacturers to measure a crucial aspect of the transformation, namely quality upgrading, from 2000 to 2006. The gauge of upgrading, not used in earlier literature, is the portion of price changes representing the return to value creation, both tangible (new products and the improvement of existing products) and intangible (branding policies). We find evidence that upgrading is responsible for a quarter of the firms’ average annual price increases (about zero point five out of two percentage points), with roughly equal effects from the tangible and the intangible components. The analysis also shows that product upgrade strategies help to foster job creation and sales growth.

Suggested Citation

  • Valter Di Giacinto & Giacinto Micucci, 2012. "Il miglioramento qualitativo delle produzioni italiane: evidenze da prezzi e strategie delle imprese," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2012(4), pages 63-110.
  • Handle: RePEc:fan:polipo:v:html10.3280/poli2012-004003
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    Citations

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    Cited by:

    1. Leonardo Gambacorta & Paolo Emilio Mistrulli, 2014. "Bank Heterogeneity and Interest Rate Setting: What Lessons Have We Learned since Lehman Brothers?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(4), pages 753-778, June.
    2. Calcagnini, Giorgio & Travaglini, Giuseppe, 2014. "A time series analysis of labor productivity. Italy versus the European countries and the U.S," Economic Modelling, Elsevier, vol. 36(C), pages 622-628.
    3. Matteo Bugamelli & Luigi Cannari & Francesca Lotti & Silvia Magri, 2012. "The innovation gap of Italy�s production system: roots and possible solutions," Questioni di Economia e Finanza (Occasional Papers) 121, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    Miglioramento della qualità dei prodotti; innovazione; cambiamento di strategia;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General

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