IDEAS home Printed from https://ideas.repec.org/a/liu/liucej/v14y2017i1p39-58.html
   My bibliography  Save this article

Virtuous and Vicious Circles: Lessons for Current European Policies from Italian Post-War Development

Author

Listed:
  • Gioacchino Garofoli

Abstract

The paper deals with the Italian economic development, explaining the main features and the crucial variables in the long-term transformation process. The Italian economy has been analysed taking into account the different and changing international rules in medium and long-term to understand their role on the development strategies and on the changing competitive position of the country. The comparative international analysis on selected crucial variables shows some contradictions between expectations and effective outcomes of changing institutional rules and introduced economic policies. This underlines both the emergence of unexpected trajectories and economic performances and the lasting of structural differences among European countries. The selection of consistent economic policies in Europe, then, should take into account these phenomena. The paper underlines the crucial role of long-term economic analysis to fully understand not only the crucial structural variables but even opportunities and challenges for strategic decisions in the current economic crisis.

Suggested Citation

  • Gioacchino Garofoli, 2017. "Virtuous and Vicious Circles: Lessons for Current European Policies from Italian Post-War Development," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 14(1), pages 39-58, June.
    • Handle: RePEc:liu:liucej:v:14:y:2017:i:1:p:39-58
    as

    Download full text from publisher

    File URL: https://ejce.liuc.it/18242979201701/182429792017140103.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. André Nassif & Carmem Feijó & Eliane Araújo, 2015. "Structural change and economic development: is Brazil catching up or falling behind?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(5), pages 1307-1332.
    2. Annamaria Simonazzi & Andrea Ginzburg & Gianluigi Nocella, 2013. "Economic relations between Germany and southern Europe," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(3), pages 653-675.
    3. Giacomo Becattini & Marco Bellandi & Lisa De Propis (ed.), 2009. "A Handbook of Industrial Districts," Books, Edward Elgar Publishing, number 12736, March.
    4. F. Giavazzi & L. Spaventa, 1989. "Italy: The Real Effects of Inflation and Disinflation," Working Papers 71, Dipartimento Scienze Economiche, Universita' di Bologna.
    5. Christos N. Pitelis, 2012. "On PIIGs, GAFFs, And BRICs: An Insider-Outsider's Perspective on Structural and Institutional Foundations of the Greek Crisis," Contributions to Political Economy, Cambridge Political Economy Society, vol. 31(1), pages 77-89.
    6. Yanis Varoufakis & Stuart Holland, 2011. "A Modest Proposal for Overcoming the Euro Crisis," Economics Policy Note Archive 11-03, Levy Economics Institute.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. José Luis Ruiz-Real & Juan Uribe-Toril & Jaime De Pablo Valenciano & José Ramos Pires Manso, 2019. "Ibero-American Research on Local Development. An Analysis of Its Evolution and New Trends," Resources, MDPI, vol. 8(3), pages 1-16, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:liu:liucej:v:14:y:2017:i:1:p:37-56 is not listed on IDEAS
    2. Cardinale, Roberto, 2019. "Theory and practice of State intervention: Italy, South Korea and stages of economic development," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 206-216.
    3. Zheng, Liang & Zhao, Zhong, 2017. "What drives spatial clusters of entrepreneurship in China? Evidence from economic census data," China Economic Review, Elsevier, vol. 46(C), pages 229-248.
    4. Anna M. Ferragina & Giulia Nunziante, 2018. "Are Italian firms performances influenced by innovation of domestic and foreign firms nearby in space and sectors?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 335-360, September.
    5. David Doloreux & Jose Gaviria de la Puerta & Iker Pastor-López & Igone Porto Gómez & Borja Sanz & Jon Mikel Zabala-Iturriagagoitia, 2019. "Territorial innovation models: to be or not to be, that’s the question," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(3), pages 1163-1191, September.
    6. Gabi Dei Ottati, 2009. "Italian Industrial Districts and the Twofold Chinese Challenge," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    7. Luciana Lazzeretti & Rafael Boix & Francesco Capone, 2009. "Why do creative industries cluster? An analysis of the determinants of clustering of creative industries," Institut Metròpoli Working Paper in economics 0902, Institut Metròpoli.
    8. Marisa Reis Azevedo Botelho & Graciele Fátima Sousa & Michelle Castro Carrijo & Juliene Barbosa Ferreira & Ariana Cericatto Silva, 2022. "Survival determinants for Brazilian companies, 1996 to 2016," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(2), pages 233-266, June.
    9. Paolo Perulli, 2022. "Dopo la globalizzazione, il glocale," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(1), pages 41-48.
    10. Andreas Bieler & Jamie Jordan & Adam David Morton, 2019. "EU Aggregate Demand As a Way out of Crisis? Engaging the Post‐Keynesian Critique," Journal of Common Market Studies, Wiley Blackwell, vol. 57(4), pages 805-822, July.
    11. Karsten Kohler & Engelbert Stockhammer, 2022. "Growing differently? Financial cycles, austerity, and competitiveness in growth models since the Global Financial Crisis," Review of International Political Economy, Taylor & Francis Journals, vol. 29(4), pages 1314-1341, July.
    12. Marta Silva & João Carlos Lopes, 2020. "The structural adjustment of the Portuguese economy in the context of the economic reform of the Eurozone," Working Papers REM 2020/0143, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    13. Silvia Rita Sedita & Ivan De Noni & Luciano Pilotti, 2014. "How do related variety and differentiated knowledge bases influence the resilience of local production systems?," "Marco Fanno" Working Papers 0180, Dipartimento di Scienze Economiche "Marco Fanno".
    14. Andre Nassif & Carmem Aparecida Feijo & Eliane Araújo, 2016. "Structural change, catching up and falling behind in the BRICS: A comparative analysis based on trade pattern and Thirlwall’s Law," PSL Quarterly Review, Economia civile, vol. 69(279), pages 373-421.
    15. Ornella Wanda Maietta & Fernanda Mazzotta, 2018. "Firm Survival and Innovation: Knowledge Context Matters!," CSEF Working Papers 496, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    16. Roberto Ricciuti & Luca Sandon?, 2013. "Geografia dei distretti industriali e dei brevetti: il caso vicentino," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(2), pages 181-200.
    17. Haijun Bao & Xiaoting Zhu & Yingying Cen & Yi Peng & Jibin Xue, 2018. "Effects of Social Network on Human Capital of Land-Lost Farmers: A Study in Zhejiang Province," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(1), pages 167-187, May.
    18. Martin Watts & Timothy Sharpe & James Juniper, 2014. "Reformation or exodus: Assessing the future of the Euro," The Economic and Labour Relations Review, , vol. 25(3), pages 465-483, September.
    19. Frattini, Federico Fabio & Vona, Francesco & Bontadini, Filippo, 2024. "Does Green Re-industrialization Pay off? Impacts on Employment, Wages and Productivity," FEEM Working Papers 344791, Fondazione Eni Enrico Mattei (FEEM).
    20. Francesco Crespi & Dario Guarascio, 2019. "The demand-pull effect of public procurement on innovation and industrial renewal," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(4), pages 793-815.
    21. Arjun & Bibhuti Ranjan Mishra, 2024. "Testing the Balanced Growth Hypothesis in the Presence of Structural Breaks: Evidence from Developed and Developing Countries," Prague Economic Papers, Prague University of Economics and Business, vol. 2024(1), pages 1-35.

    More about this item

    Keywords

    Italian economic development; the role of investment; income distribution; employment rate; comparative economic transformation; developmental industrial policies; European economic policies;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:liu:liucej:v:14:y:2017:i:1:p:39-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Laura Ballestra (email available below). General contact details of provider: https://edirc.repec.org/data/liuccit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.