Pondering the inexperienced transition: proof from Italian automotive trade

Andrea Orame and Daniele Pianeselli of Financial institution of Italy in this research:

This paper analyses the transition methods of Italian and European firms within the 2013-18 interval, measuring the variety of patent functions for low-emission applied sciences and companies’ merger and acquisition operations.

The variety of patent functions submitted by Italian firms for low-emission applied sciences has elevated considerably, in contrast with the European common. Nevertheless, they’ve solely just lately developed the abilities essential to manufacture electrical motors, primarily by way of inner innovation.

European firms, alternatively, have been constructing on consolidated processes, intensifying merger and acquisition operations. These completely different methods may result in the Italian automotive sector lagging behind the remainder of Europe, thus jeopardizing future market shares of home firms.

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