Infrastructure Expenditure in Italy: Recent Dynamics, International Comparisons and Regional Divides

Pasqualino Montanaro

QA - Rivista dell'Associazione Rossi-Doria, 2012, issue 1

Abstract: Many see the infrastructure lag as weighing heavily on recovery of competitiveness for Italy, and Southern Italy in particular. One of the possible reasons for this lag may be that Italy has invested less than other European countries over the past decades, and even less in the South. On the evidence of the available data, imprecise, incomplete and patchy as they often are, infrastructure investment in Italy does not appear to have been smaller than in other countries, at least up to the Eighties; however, over the last two decades investment in the South has progressively declined, with negative effects on public capital accumulation.

Keywords: Public investment; Infrastructure policy (search for similar items in EconPapers)
JEL-codes: H54 R53 (search for similar items in EconPapers)
Date: 2012
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