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Also, while in recent years Italy's public sector and large firms (more than 500 employees) have undergone major restructuring and reduced their labour force, smaller firms have increased their share of employment (Banca d'Italia, 1999).
In addition to absorbing a large portion of the labour force, Italian small firms tend to be more productive than larger ones reporting gross profit margins 8?27% higher than the average across all firms (Banca d'Italia, 1999). Finally, in 2000, a large cross-country study of entrepreneurial behaviour involving 21 countries has shown that in Italy, 5.7% of all adults 18?64 years of age are actively trying to start a business...
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