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The Problem of Southern Italy: From the Lack of Capital to Illegal Intermediation

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  • Alfredo Del Monte
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    Abstract

    Economic thought on the Mezzogiorno has radically changed in the last sixty years. Initially capital accumulation was considered the main problem of Southern Italy, and therefore policies to use resources from richer regions in the poorer ones were recommended. In more recent years the main focus has been on the idea that institutions matter and that aid policy to Southern Italy has reduced and not improved social capital, which is one of the main factors for the sound functioning of institutions. The four articles written by Barucci from 1970 to 2007 show how economic thought on the Mezzogiorno evolved. The first papers discuss policies based on capital accumulation. The last papers deal with the idea that good governance matters, and what policies could help good governance emerge in Southern Italy.

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    Bibliographic Info

    Article provided by Associazione Rossi Doria in its journal QA.

    Volume (Year): (2010)
    Issue (Month): 2 (June)
    Pages:

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    Handle: RePEc:rar:journl:0178

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    Keywords: Development; Mezzogiorno; Institutions; Social capital;

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    1. Timothy Besley & Michael Smart, 2005. "Fiscal Restraints and Voter Welfare," STICERD - Political Economy and Public Policy Paper Series 06, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    2. Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
    3. Del Monte, Alfredo & Papagni, Erasmo, 2001. "Public expenditure, corruption, and economic growth: the case of Italy," European Journal of Political Economy, Elsevier, vol. 17(1), pages 1-16, March.
    4. Antonio Acconcia & Claudia Cantabene, 2008. "A Big Push To Deter Corruption:Evidence From Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 67(1), pages 75-102, March.
    5. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
    6. Del Monte, Alfredo & Papagni, Erasmo, 2007. "The determinants of corruption in Italy: Regional panel data analysis," European Journal of Political Economy, Elsevier, vol. 23(2), pages 379-396, June.
    7. Gieseck Arne, 2006. "Prospettive per il processo di convergenza economica della Germania Est," L'industria, Società editrice il Mulino, issue 1, pages 45-48.
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