Over the century and a half since its unification, Italy caught up with the most advanced economies. Such a result was achieved in the presence of an industrial structure which is in many respects unique in international perspective and characterized by a dominance of small firms and a marginal role of large firms. In the last twenty years, however, this pattern seems to have come to a halt. In this paper we explore the determinants of such a dynamic in the long run. The focus will be on the role played by institutions in forging an array of industrial policies in place over the last 150 years which determined the process of convergence and, more recently, of divergence in big business, and the outstanding, constant presence of a small business sector far beyond the average of the most advanced countries among which Italy is still considered to be.

A., Colli e Alberto, Rinaldi. "Institutions, Politics and the Corporate Economy" Working paper, Quaderni del Dipartimento di Economia Politica e Statistica, Università degli Studi di Siena, 2012. https://doi.org/10.25431/11380_866489

Institutions, Politics and the Corporate Economy

RINALDI, Alberto
2012

Abstract

Over the century and a half since its unification, Italy caught up with the most advanced economies. Such a result was achieved in the presence of an industrial structure which is in many respects unique in international perspective and characterized by a dominance of small firms and a marginal role of large firms. In the last twenty years, however, this pattern seems to have come to a halt. In this paper we explore the determinants of such a dynamic in the long run. The focus will be on the role played by institutions in forging an array of industrial policies in place over the last 150 years which determined the process of convergence and, more recently, of divergence in big business, and the outstanding, constant presence of a small business sector far beyond the average of the most advanced countries among which Italy is still considered to be.
Novembre
QUADERNI DEL DIPARTIMENTO DI ECONOMIA POLITICA E STATISTICA
A., Colli; Rinaldi, Alberto
A., Colli e Alberto, Rinaldi. "Institutions, Politics and the Corporate Economy" Working paper, Quaderni del Dipartimento di Economia Politica e Statistica, Università degli Studi di Siena, 2012. https://doi.org/10.25431/11380_866489
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/866489
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