Long Run Loans and Industrial Policy in Italy in the 1960s
AbstractIn 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17189.
Date of creation: Sep 2009
Date of revision:
Industrial policy; Credit; Cross-Section Time Series Analysis;
Find related papers by 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-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-19 (All new papers)
- NEP-HIS-2009-09-19 (Business, Economic & Financial History)
- NEP-MAC-2009-09-19 (Macroeconomics)
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