Abstract
Since 1950, Italy has exhibited a remarkable economic development. We aim
to investigate the determinants of this evolution in a historical and regional
perspective. Italy started with a GDP per capita roughly 40% below its peers.
By 1980, the Italian economy has converged and closed the gap. In this paper,
we first present the evolution of GDP per capita relative to selected groups of
peers. We then propose a step function as the best means to estimate this
time series. In this way, we determine four distinct periods. We will then look
at these periods individually both in terms of growth accounting and from the
composition of demand, to understand how Italy managed to converge to its
peers.
Lingua originale | Inglese |
---|---|
Titolo della pubblicazione ospite | ESSAYS IN HONOR OF LUIGI CAMPIGLIO |
Editore | Vita e Pensiero |
Pagine | 245-266 |
Numero di pagine | 22 |
ISBN (stampa) | 978-88-343-3562-8 |
Stato di pubblicazione | Pubblicato - 1 gen 2018 |
Keywords
- economic development
- growth accounting