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A Modest Proposal For Augmenting The Gross Domestic Product Of Italy, Allowing Greater Public Spending, Employment, And Graft

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  • Fenoaltea, Stefano

Abstract

Italy’s economy is stagnating, but a fiscal stimulus is ruled out by the Maastricht-limited deficit/GDP ratio. This paper presents a modest proposal for loosening the constraint on public spending by augmenting Italy’s female labor-force participation rate and therewith Italy’s GDP. Additional public spending would be popular, as it would increase employment; it would also be politically viable, as Italy’s elected and appointed officials would welcome the opportunity for increased graft.

Suggested Citation

  • Fenoaltea, Stefano, 2018. "A Modest Proposal For Augmenting The Gross Domestic Product Of Italy, Allowing Greater Public Spending, Employment, And Graft," MPRA Paper 89746, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89746
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    File URL: https://mpra.ub.uni-muenchen.de/89746/1/MPRA_paper_89746.pdf
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    References listed on IDEAS

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    1. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    2. Pollak, Robert A, 1985. "A Transaction Cost Approach to Families and Households," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 581-608, June.
    3. Sims, Christopher A, 1969. "Theoretical Basis for a Double Deflated Index of Real Value Added," The Review of Economics and Statistics, MIT Press, vol. 51(4), pages 470-471, November.
    4. William D. Nordhaus & James Tobin, 1972. "Economic Research: Retrospect and Prospect, Volume 5, Economic Growth," NBER Books, National Bureau of Economic Research, Inc, number nord72-1.
    5. Stefano Fenoaltea, 1976. "Real Value Added and the Measurement of Industrial Production," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 1, pages 111-137, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Stefano Fenoaltea, 2018. "Spleen: the failures of the cliometric school," HHB Working Papers Series 14, The Historical Household Budgets Project.
    2. Giuseppe Tattara, 2021. "Alla radice dei divari regionali. Ricordando stefano fenoaltea," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(2), pages 5-12.
    3. Mancini, Giulia, 2020. "Breadwinner, bread maker. Gender division of labor and intrahousehold inequality in 1930s rural Italy," MPRA Paper 102142, University Library of Munich, Germany.

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    More about this item

    Keywords

    Italy; GDP; Deficit; Growth;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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