LEADER 08134oam 22016214 450 001 9910815549203321 005 20240405083938.0 010 $a1-4983-5755-5 010 $a1-4983-6007-6 010 $a1-4983-1904-1 035 $a(CKB)2670000000570289 035 $a(EBL)1811566 035 $a(SSID)ssj0001399011 035 $a(PQKBManifestationID)11797248 035 $a(PQKBTitleCode)TC0001399011 035 $a(PQKBWorkID)11449933 035 $a(PQKB)11073824 035 $a(MiAaPQ)EBC1811566 035 $a(Au-PeEL)EBL1811566 035 $a(CaPaEBR)ebr10951287 035 $a(CaONFJC)MIL649364 035 $a(OCoLC)894170534 035 $a(IMF)1ITAEE2014002 035 $a(IMF)1ITAEA2014002 035 $a(EXLCZ)992670000000570289 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aItaly : $eSelected Issues 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (76 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4983-4706-1 311 $a1-322-18100-4 320 $aIncludes bibliographical references. 327 $aCover; CONTENTS; OVERVIEW; JUDICIAL REFORMS FOR GROWTH; A. The Macro-Judicial Linkages-A Regional Perspective; FIGURES; 1. Average Length of Civil Proceedings; 2. Backlog of Pending Civil Cases; TABLES; 1. Provincial Growth and Judicial Efficiency; 3. Regional Judicial Efficiency and Macro Outcomes; B. A Deeper Look at Court Efficiency and Employment; 4. Average Duration of Ordinary Labor Court Proceedings; 2. Summary Statistics; C. Judicial Reforms for Growth; 3. Probit Models for Probability of Employment; BOX; 1. The Strasbourg Program of the Turin Court; REFERENCES 327 $aFUTURE CHALLENGES FACING ITALY'S FINANCIAL SECTOR A. The Evolution of the Bank Business Model; FIGURE; 1. Structural Issues and Profitability in Italian Banks; B. Recommendations; C. Developing Further the Capital Markets; D. Role of Institutional Investors; E. Recommendations; F. Conclusion; REFERENCES; IMPROVING PUBLIC SPENDING ALLOCATION AND PERFORMANCE IN ITALY: AN EFFICIENCY ANALYSIS; A. Background; B. Comparison with Euro Area Spending and Efficiency Indicators; FIGURE; 1. Italy and Euro Area: Increase in Spending by Level of Government, 2000-12; C. Conclusions and Policy Recommendations 327 $aREFERENCES ANNEXES; 1. Selected European Countries: DEA Efficiency Scores; 2. Italian Regions: DEA Efficiency Scores; THE USE OF PERFORMANCE INFORMATION IN RESOURCE ALLOCATION; A. Introduction; B. International Practices and Lessons; FIGURE; 1. PI Usage at Different Allocation Levels; C. Strengthening the Use of Performance Information in the Budget Process; D. Performance Information in Italy; REFERENCES; ANNEXES; 1. Sample Performance Indicators for the Education Sector; 2. Determinants of Health Outcomes; 3. The ""Chain Value"", From Resources to Results in a Tertiary Education Program 330 3 $aThe Selected Issues paper investigates options for improving the efficiency of the Italian judicial system and closing the regional performance gap. Better courts would bring about macroeconomic benefits, including increased employment opportunities, and higher productivity, investment, and research and development. The Italian financial system faces several challenges in order to restore profitability under weak growth conditions and to adapt to a changing global environment. This chapter explores ways of improving profitability and the challenges of shifting from a bank-based financial system, common in EU countries, to a more ?market-based? system. Along with this shift comes a diversification of financing sources, led by further development of capital markets. Budget allocation in Italy will need to increasingly rely on efficiency analysis to find savings and improve performance. The analysis in this chapter finds that large social spending in Italy, particularly current pensions, will need to be tackled to generate sizable expenditure savings. In education and non-pension social protection there is scope for improving outcomes with current resources. In other areas, reducing cross-regional variation in spending efficiency could also lead to savings. 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