The economy of Rome in the years two-thousands

Raffaello Bronzini (coordinator) (), Massimiliano Bolis (), Federica Daniele (), Claudia Di Carmine (), Luigi Leva (), Francesco Montaruli (), Elena Romito (), Daniele Ruggeri () and Elisa Scarinzi ()
Additional contact information
Raffaello Bronzini (coordinator): Bank of Italy
Massimiliano Bolis: Bank of Italy
Federica Daniele: Ocse, Parigi
Claudia Di Carmine: Bank of Italy
Luigi Leva: Bank of Italy
Francesco Montaruli: Bank of Italy
Elena Romito: Bank of Italy
Daniele Ruggeri: Bank of Italy
Elisa Scarinzi: Bank of Italy

No 793, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The report examines the Rome metropolitan area’s economy from the early 2000s to the eve of the pandemic. For over nearly two decades the capital’s per capita value-added dynamic has been lower than that of the other major Italian and European cities, owing to an unsatisfactory output per worker trend. In the face of a decline in the public sector, in large companies, and in investments, there has been a rapid rise in employment in low knowledge-intensive services, which is also due to a significant increase in tourist flows. As a result, there has been a significant decrease in specialization in knowledge-intensive services and a significant increase in low-skilled occupations. Despite these dynamics, Rome’s economy retains a number of strengths, including: the continued centrality of knowledge-intensive services and the high degree of internationalization of those for businesses, the significant weight of workers with a higher education, a high company birth rate, and a large portion of public research.

Keywords: urban economics; structural change; labor productivity; inequalities (search for similar items in EconPapers)
JEL-codes: J24 L16 O47 R10 R11 (search for similar items in EconPapers)
Date: 2023-09
New Economics Papers: this item is included in nep-ure
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