 Measuring the aggregate effects of simplifying firm creation in ItalyGuzmán González-Torres ()
No 365, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Abstract: A series of reforms passed in Italy in 2010 reduced the expected duration of registration and startup procedures for new businesses. Previous research has found that procedural simplifications of this nature have a positive impact on the selection of firm entry in the short run and consequently on their productive outcomes. These studies, based on natural policy experiments and lacking precise estimates for the duration of the startup process in Italy, are not designed to predict both the long run effects and the aggregate implications of such reforms. Using a general equilibrium framework with heterogeneous firms and households, and micro-level data on Italian households, I provide an estimate for the average startup times in Italy and find that further reforms of similar nature could produce a significant increase in aggregate firm productivity and output—qualitatively in line with previous findings. Keywords: firm size distribution; entrepreneurial selection; entry costs; aggregate productivity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_365_16 Access Statistics for this paper More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.