Lessons from the past for 21st century systems of state-owned enterprises: The case of Italy's IRI in the 1930s

Simone Gasperin

Structural Change and Economic Dynamics, 2022, vol. 62, issue C, 599-612

Abstract: This paper analyses the industrial operations performed in the 1930s by Italy's former state-holding company, Istituto per la Ricostruzione Industriale (Institute for the Industrial Reconstruction — IRI). It is argued that in those years IRI represented a policy-oriented system of state-owned enterprises with ‘entrepreneurial’ characteristics: reorganising sectors and industrial productions, diversifying into new activities, investing in underdeveloped areas, promoting technical and managerial training as well as scientific research. IRI's historical model of an entrepreneurial state-holding company could suggest relevant policy lessons for 21st century national systems of state-owned enterprises.

Keywords: Industrial policy; Public enterprises; Structural change; Industry analysis; Economic history (search for similar items in EconPapers)
JEL-codes: L16 L32 L52 L60 L90 N64 N74 O14 O25 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:62:y:2022:i:c:p:599-612

DOI: 10.1016/j.strueco.2022.03.010

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