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Long Run Loans and Industrial Policy in Italy in the 1960s

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  • Rota, Mauro

Abstract

In the II postwar phase of intensive growth, Italian policy makers, controlling banking system, used credit deepening as the leading instrument for policy targets: the industrialization of the country and reduction of regional disparities. This work presents a reconstruction of territorial long run loans to the manufacturing industries, outlining some aspects of the Italian development path summarized by a strategy of industrialization which was different across areas and branches. Moreover, it suggests a positive effect of credit deepening on product per worker in a cross section time series analysis, looking at eleven branches of manufacturing industries in the two Italian macro-regions: the Centre-North and the Mezzogiorno.

Suggested Citation

  • Rota, Mauro, 2009. "Long Run Loans and Industrial Policy in Italy in the 1960s," MPRA Paper 17189, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:17189
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    File URL: https://mpra.ub.uni-muenchen.de/17189/1/MPRA_paper_17189.pdf
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    References listed on IDEAS

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    1. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 717-737.
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    6. Hollis B. Chenery, 1962. "Development Policies for Southern Italy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 76(4), pages 515-547.
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    More about this item

    Keywords

    Industrial policy; Credit; Cross-Section Time Series Analysis;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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