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Results of Renzi’s Government economic policy after 2 years

Author

Listed:
  • Massimiliano Di Pace

    (Professore straordinario di Politica economica all’Università Guglielmo Marconi di Roma)

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.

Suggested Citation

  • Massimiliano Di Pace, 2016. "Results of Renzi’s Government economic policy after 2 years," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 3(3), pages 1-17, January-A.
    • Handle: RePEc:urb:journl:v:3:y:2016:p:1-17
    DOI: 10.14276/1971-8357.507
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    More about this item

    Keywords

    austerity; economic growth; economic policy; economic performance; government assessment.;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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