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.
| Original language | English |
|---|---|
| Pages (from-to) | 1479-1483 |
| Number of pages | 5 |
| Journal | Applied Economics Letters |
| Volume | 18 |
| Issue number | 15 |
| DOIs | |
| Publication status | Published - 2011 |
Keywords
- Italy
- economic development
- economics
- education
- free trade
