Trade debts of Italian general government: an unsolved problem

Leandro D�Aurizio (), Domenico Depalo, Sandro Momigliano and Emilio Vadal� ()
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Leandro D�Aurizio: IVASS
Emilio Vadal�: Bank of Italy
Authors registered in the RePEc Author Service: emilio vadala', Sr.

No 295, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper examines the phenomenon of late payment by Italy�s general government. Its main contribution to the debate are new estimates on the stock of trade payables and the average payment times for the years 2008-14 which, compared with those published in the Bank of Italy�s Annual Reports, incorporate a number of methodological refinements. We also investigate the distribution of trade debts according to several characteristics of creditor firms (sector, size, geographical area, intensity of relations with the public sector) and propose some useful elements for evaluating the effectiveness of the Government�s 2013-14 programme aimed at reducing the outstanding debts.

Keywords: trade debt; late payments; general government (search for similar items in EconPapers)
JEL-codes: H32 H59 (search for similar items in EconPapers)
Date: 2015-10
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_295_15

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