In addition, specifying the planning targets for revenue and expenditure as well as the nature of the corrective measures would permit better evaluation of the economic policy guidelines underlying the Planning Document. The part of the Planning Document dedicated to economic development policies examines all the country’s main problems.
Lastly, let’s look at bank credit, which still plays in Italy a very important role in funding innovation, not only for the largest firms with good credit scores and collateral, but also for small firms, including start-ups.18 As we have already seen, credit is not the ideal financial channel for investing in innovation.