Finance, Human Capital and Infrastructure: An Empirical Investigation of Post-War Italian Growth

Giovanni Ferri and Fabrizio Mattesini ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: Post-war Italy provides an interesting case to test for recent contributions on economic growth which play down the relevance of physical capital per se and stress its complementarity with infrastructure and less tangible factors such as finance and human capital. In truth, behind the remarkable aggregate performance, substantial public intervention did not heal the relative underdevelopment of the Southern regions.

Keywords: ITALY; ECONOMIC GROWTH; HUMAN CAPITAL (search for similar items in EconPapers)
JEL-codes: O12 O15 O16 (search for similar items in EconPapers)
Date: 1997
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