Munich Personal RePEc Archive

How to offset the negative trend growth rate in the Italian economy?

Rao, B. Bhaskara and Antonio, Paradiso (2010): How to offset the negative trend growth rate in the Italian economy?

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Abstract

The trend growth rate of the Italian economy has been declining since the 1980s. To examine how to offset this trend, we estimate a simple specification of an endogenous growth model. Cointegrating equations for the long-run output growth and its determinants are estimated with alternative time series methods. Our results imply that policies to double trade openness are necessary.

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