Italy: Selected Issues

International Monetary Fund

No 2007/065, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper applies a range of methods to assess Italy’s competitiveness gap versus other euro area members. All indicators point to a clear erosion of competitiveness in recent years, with related market share losses. Nonetheless, the estimated competitiveness gap, while appreciable, still remains quantitatively contained. The results suggest that the unwinding of the competitiveness gap will require reforms that boost productivity growth and continued wage moderation, as well as an adjustment by export firms in Italy.

Keywords: ISCR; CR; firm; Italy; spending; exchange rate; current account; export; financing; corporate bond bond market; investor protection; government transfer; bond financing; financing needs; spending ratio; Current spending; Securities markets; Exchange rates; Financial sector development; Global; Europe (search for similar items in EconPapers)
Pages: 67
Date: 2007-02-15
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Citations: View citations in EconPapers (1)

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