EconPapers    
Economics at your fingertips  
 

Why is Italy doing so badly after doing so well?

Gianluigi Pelloni () and Marco Savioli ()

Professional Reports from Rimini Centre for Economic Analysis

Abstract: We present the current Italian economic crisis as a phase of a major systemic decline. We argue that "Italy's system" has forced the country to abandon a "dynamic" view of comparative advantage, crucial for sustained economic growth, in favour of a "static" view of specialization. Creative destruction has been hampered and the indispensable sectoral restructuring has not taken place, leading to stagnation. The roots of this decline lay in collective action issues and an implicit contract between elites and civil society. We suggest that solving these issues is indispensable in order to support a "dynamic" view of comparative advantage and so the re-start of the Italian economy and society.

Keywords: sustained growth; comparative advantage; collective action; Italy (search for similar items in EconPapers)
JEL-codes: O52 O00 N14 D70 (search for similar items in EconPapers)
Date: 2014-11
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.rcea.org/RePEc/pdf/pr02_14.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rim:rimpre:02_14

Access Statistics for this paper

More papers in Professional Reports from Rimini Centre for Economic Analysis Contact information at EDIRC.
Bibliographic data for series maintained by Marco Savioli ().

 
Page updated 2020-09-05
Handle: RePEc:rim:rimpre:02_14