Results of Renzi’s Government economic policy after 2 years

Massimiliano Di Pace ()
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Massimiliano Di Pace: Professore straordinario di Politica economica all’Università Guglielmo Marconi di Roma

Argomenti, 2016, vol. 3, issue 3, 1-17

Abstract: “- austerity = + economic growth†equation has been the focus of Renzi’s Government economic policy, as stated in the Italian Stability Program 2014. This research proves that Italy did not experience such trade-off in the short term. Furthermore, as mainstream literature had demonstrated, as to the negative correlation between high public debt and economic growth, this investigation has collected evidence that the growth of public debt, in absolute terms and in relationship with Gdp, has been accompanied in Italy by economic stagnation. Moreover, data show that this situation is, in the European framework, a phenomenon nearly exclusively specific to Italy.r to expenditure decisions. The recent overhauling of the appraisal for public investment enacted in Italy is consistent with this goal. The paper briefly discusses strengths and weaknesses of the new framework.

Keywords: austerity; economic growth; economic policy; economic performance; government assessment. (search for similar items in EconPapers)
JEL-codes: H50 H60 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:urb:journl:v:3:y:2016:p:1-17

DOI: 10.14276/1971-8357.507

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