01804cas a2200253 a 4500 AALejournalIMF016230 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513529998 1018-5941 BD-DhAAL BD-DhAAL Belhocine, Nazim. Identifying Service Market Reform Priorities in Italy / Nazim Belhocine, Daniel Garcia-Macia. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European countries, especially in strongly regulated sectors. A model of monopolistic competition is used to identify which service sectors would benefit more from removing entry and/or exit barriers. Using Italian firm-level data, the paper finds that sectors with high markups, such as professional services, would primarily benefit from removing entry barriers. Sectors with a large mass of unproductive firms, such as retail, would instead benefit from removing exit barriers. Policy recommendations to improve efficiency are outlined in relation to the sectoral priorities identified in the data. Mode of access: Internet Garcia-Macia, Daniel. IMF Working Papers; Working Paper ; No. 2020/039 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/039/001.2020.issue-039-en.xml IMF e-Library