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Sectoral Regulatory Reforms in Italy: Framework and Implications

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  • Alessandro Goglio

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 ...

Suggested Citation

  • Alessandro Goglio, 2001. "Sectoral Regulatory Reforms in Italy: Framework and Implications," OECD Economics Department Working Papers 294, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:294-en
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    File URL: http://dx.doi.org/10.1787/857601117127
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    Cited by:

    1. Kugler, Adriana & Pica, Giovanni, 2003. "Effects of Employment Protection and Product Market Regulations on the Italian Labor Market," IZA Discussion Papers 948, Institute for the Study of Labor (IZA).
    2. Kugler, Adriana & Pica, Giovanni, 2003. "The effects of employment protection and product market regulations on the Italian labor market," Discussion Paper Series In Economics And Econometrics 0310, Economics Division, School of Social Sciences, University of Southampton.

    More about this item

    Keywords

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

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L8 - Industrial Organization - - Industry Studies: Services

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