Long Run Loans and Industrial Policy in Italy in the 1960s

Mauro Rota

MPRA Paper from University Library of Munich, Germany

Abstract: In the II postwar phase of intensive growth, Italian policy makers, controlling banking system, used credit deepening as the leading instrument for policy targets: the industrialization of the country and reduction of regional disparities. This work presents a reconstruction of territorial long run loans to the manufacturing industries, outlining some aspects of the Italian development path summarized by a strategy of industrialization which was different across areas and branches. Moreover, it suggests a positive effect of credit deepening on product per worker in a cross section time series analysis, looking at eleven branches of manufacturing industries in the two Italian macro-regions: the Centre-North and the Mezzogiorno.

Keywords: Industrial policy; Credit; Cross-Section Time Series Analysis (search for similar items in EconPapers)
JEL-codes: E51 H81 N14 N44 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-his and nep-mac
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