Italian service sector needs liberalising, paper finds

Bank of Italy research says making market entry easier boosts productivity for all firms

Bank of Italy

Liberalised entry regulations for Italian firms will enhance productivity, especially in the service sector, a working paper published by the Bank of Italy argues.

A reduction of regulations leads to an increase in labour productivity, higher entry rate and a decrease in prices, the research finds. 

As regulations ease, productivity rises among both new and established firms, thanks to better allocative efficiency, Andrea Centolesi, Sauro Mocetti and Giacomo Rama find. They use a dataset on all

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