L’Internazionalizzazione Del Sistema Produttivo Italiano (The Internationalization of the Italian Productive System)

51 Pages Posted: 18 Apr 2015 Last revised: 20 Apr 2015

Date Written: January 22, 2015

Abstract

Italian Abstract: Downloadable document is inQuesto lavoro presenta in un quadro unitario i risultati delle ricerche di recente svolte in Banca d’Italia sul tema dell’internazionalizzazione del nostro sistema produttivo. L’internazionalizzazione è vista non solo come un investimento all’estero da parte delle imprese italiane, ma anche nell’ottica più generale degli scambi commerciali e della capacità di attrarre capitali stabili dall’estero. Comunque intesa, l’internazionalizzazione è cresciuta assai rapidamente nell’arco dell’ultimo ventennio, nel mondo come in Italia. Il nostro paese tuttavia si caratterizza per stock e flussi di investimenti esteri, sia in uscita sia in entrata, meno elevati dei maggiori partner europei. Le ricerche presentate discutono le dinamiche recenti di tali flussi, i costi e i benefici dell’investimento estero, l’effetto della crisi, il ruolo degli appalti internazionali, le ragioni del ritardo dell’Italia e, infine, gli assetti assunti nel nostro paese dall’intervento pubblico a sostegno dell’internazionalizzazione.

English Abstract: This work presents, in a single framework, the results of several recent studies, carried out by Bank of Italy researchers, on the internationalization of the Italian productive system. The notion of internationalization is considered not only from the perspective of direct investments abroad but also in the context of trade flows and of the capacity to attract foreign direct investments. In any case, internationalization has increased very rapidly in the last twenty years, globally as well as in Italy. However, our country is characterized by lower direct investment flows and stocks, both outgoing and incoming, compared to the other main European countries. The research discusses the recent trends in direct investment flows, the costs and benefits of direct investment, the effects of the crisis, the role of international procurement, the reasons behind Italy’s lag and, finally, the system of public policies and institutions supporting the process of internationalization.

Note: Downloadable document is in Italian.

Keywords: firms' internationalization, foreign direct investment, exports

JEL Classification: F23, F14, L60

Suggested Citation

Cristadoro, Riccardo and Federico, Stefano, L’Internazionalizzazione Del Sistema Produttivo Italiano (The Internationalization of the Italian Productive System) (January 22, 2015). Bank of Italy Occasional Paper No. 260, Available at SSRN: https://ssrn.com/abstract=2595154 or http://dx.doi.org/10.2139/ssrn.2595154

Riccardo Cristadoro (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Servizio Studi
00184 Roma
Italy
+39 06 4792 3341 (Phone)
+39 06 4792 3720 (Fax)

Stefano Federico

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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