DEF 2014: le fonti mancanti della crescita

Paolo Pini and Roberto Romano

No 2014083, Working Papers from University of Ferrara, Department of Economics

Abstract: EDF 2014: The Missing Sources for Growth. The Economic and Financial Document (EFD) 2014 for Italy describes a country which does not grow and will hardly grow even in the near future. The document announces a programme of structural reforms in the labour market and for competitiveness which will generate marginal impacts on domestic demand; at the same time, it foresees an over-optimistic growth for export and private investments although ti does not say how it will be realized, given (in a context of measures devoted to respect) the constraints of balanced budget and fiscal consolidation. The recipe for the next few years adopted in the Italian EFD 2014, recommended by the European Commission, is a perverse mix of “expansionary austerity†and “expansionary precariousness†which leaves no room for employment recovery, wage growth, and not even for economic policy supporting domestic demand and industrial policy for innovation.

Keywords: Economic Growth; Wage Wedge; Jobs Act; Deregulations; Industrial and Innovation Policy (search for similar items in EconPapers)
JEL-codes: E61 J08 J38 O47 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2014-05-08
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Journal Article: DEF 2014: le fonti mancanti della crescita (2014)
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