How to offset the negative trend growth rate in the Italian economy?

B. Rao and Antonio Paradiso ()

MPRA Paper from University Library of Munich, Germany

Abstract: The trend growth rate of the Italian economy has been declining since the 1980s. To examine how to offset this trend, we estimate a simple specification of an endogenous growth model. Cointegrating equations for the long-run output growth and its determinants are estimated with alternative time series methods. Our results imply that policies to double trade openness are necessary.

Keywords: Economic Growth; Trade Openness; Italy (search for similar items in EconPapers)
JEL-codes: O40 O52 (search for similar items in EconPapers)
Date: 2010-11-03
New Economics Papers: this item is included in nep-fdg
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Working Paper: How to offset the negative trend growth rate in the Italian economy? (2010)
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