Abstract
This paper focuses on how structural funds from the EU might alleviate the credit crunch on Italian SMEs. We found that resources directly available to SMEs represent only 0.19% of 2013 loan facilities: moreover, the allotted resources for SMEs in 2014–2020 programs is expected to be even less. Not only are available resources scarce, but they are also allocated in an inefficient way through procedures that are not always transparent. We conclude that it would be very useful to improve efficiency and transparency, by adopting simpler procedures and reducing compliance costs.
<smarzioni@luiss.it>, Casmef, LUISS “Guido Carli” University. <lmonti@luiss.it>, Department of Political Science, LUISS “Guido Carli” University.
<a.pandimiglio@unich.it>, Department of Economics, “Gabriele d’Annunzio” University. <m.spdllone@unich.it>, Department of Economics, “Gabriele d’Annunzio” University. The Authors wish to thank the anonymous referee for the useful comments, Katia Oslansky for her assistance and Carlo Amati of Dipartimento per lo sviluppo e la coesione economica. The usual disclaimer applies.
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Marzioni, S., Monti, L., Pandimiglio, A., Spallone, M. (2015). The Economic Impact of EU Competitiveness Programs on Italian SMEs. In: Calciano, F.L., Scarano, G., Fiordelisi, F. (eds) The Restructuring of Banks and Financial Systems in the Euro Area and the Financing of SMEs. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137518736_6
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DOI: https://doi.org/10.1057/9781137518736_6
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