Local Public Transportation (LPT) in Italy is usually managed through inhouse companies owned by local governments. In the past few years a wave of reforms has invested the sector, with some regions trying to increase the companies' size. This paper provides an extensive review of the...

We use the same methodology, that Ecofin-Oecd apply for projecting expenditure in the medium-long term, to reconstruct expenditure in the medium-long past. It is possible to compare the effective expenditure with the reconstructed one. The effective expenditure is of course influenced by policy...

The paper summarizes the framework used in a research project on local public services carried out by Bank of Italy researchers. It discusses motivations, characteristics, results and general lessons of the project, whose sector-specific results are detailed in individual papers. The project was...

The paper investigates the organization of the Italian water sector in the light of the reforms of public utilities. The aim is to examine the degree of implementation of the water sector reform (the so-called Galli Law of 1994) and assess the performance of operators through a study of their...

Italian Abstract: Il lavoro fornisce un contributo di ordine metodologico alla misura dell’adeguatezza delle infrastrutture presenti in una data area. Rispetto ad altre analisi basate su indicatori fisici o di spesa pubblica – che offrono una visione unidimensionale, talvolta fuorviante,...

Italian Abstract: La commistione tra indefiniti obblighi di servizio pubblico e obiettivi commerciali in capo ad un’unica emittente da un lato riduce gli stimoli all’efficienza di gestione, aumentando i costi di produzione del servizio pubblico, e dall’altro, ingessando l’assetto del...

In striking contrast with the majority of other European economies, the UK pension system does not pose problems of financial sustainability to public finances. Public expenditure for pensions is foreseen to remain relatively stable for the next 50 years, around 5 percent of GDP, thanks to the...

The Economic Value Added formally translates the theoretical notion of excess profit (also known as residual income). Its use is so firmly entrenched in applied corporate finance and management accounting that its name is often used as a noun for denoting the concept of excess profit itself....

Introduzione – 1. Il capitale umano come fonte di vantaggio competitivo e lo Strategic Human Resource Management – 2. Il caso del campionato di calcio di Serie A – 3. L’analisi empirica – 4. Risultati e conclusioni