Efficiency Boosts Output Growth in Italian Manufacturing Firms, Driving Economic Success.
The article explores what makes Italian manufacturing firms grow. By looking at data from 1998 to 2003, the researchers found that both adding more resources and improving efficiency are important for growth. They discovered that improving efficiency, like catching up with new technology, is the most crucial factor for growth. Additionally, factors like R&D spillovers, banking efficiency, and public infrastructures have a big impact on catching up with technology.