Italian automotive industry 2017Even even though folks these days associate Asian countries like China to be the main manufacturing sector hubs, and many industries have set up factories there, Italy’s manufacturing sector has held its own and receives a wonderful deal of investment. The importance of both the CNG and LPG markets allows Italian elements makers to be among the leaders in these particular industry niches. Organizations such as Landi Renzo and BRC are well known worldwide and virtually 80% of revenues of the sector’s businesses are generated abroad. A network of more than 6,000 car repair shops all through Italy handles retrofitting.

This report investigates scale economies in the Italian automobile market as nicely as substitution possibilities amongst inputs and direct and cross-cost elasticities of issue demand, using a price function with capital, labor, domestic, and imported intermediate goods inputs. Continuing European integration tends to make economies of scale an crucial situation. The study benefits are constant with economies of scale in the Italian motor car business, a especially exciting finding due to the fact the Italian automotive industry consists mostly of one particular firm, Fiat. The estimated direct price tag elasticities suggest that capital is most responsive to personal value changes, and estimated cross elasticities imply that all inputs are substitutes. (JEL D2, L6, O1) Copyright 2003, Oxford University Press.

In 2016 the rebound of the Italian automotive sector continued, with a 8.eight% production improve year-on-year, according to the International Organization of Motor Vehicle Companies OICA. The surge … READ MORE ...