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The rise in savings, a consequence or a cause of Italian low growth?

Author

Listed:
  • Paolo Savona

    (Professore emerito di Politica economica)

Abstract

Recent official figures on savings and investments in Italy cannot clarify the relationship between growth and savings, while it is clear that a key role is played by the fall of real investments and of households consumption. Investments and savings have to be strongly promoted, aiming to increase R&D and to reduce the level of taxation

Suggested Citation

  • Paolo Savona, 2014. "The rise in savings, a consequence or a cause of Italian low growth?," BANCARIA, Bancaria Editrice, vol. 9, pages 37-43, September.
    • Handle: RePEc:ban:bancar:v:09:y:2014:m:september:p:37-43
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    File URL: http://www.bancaria.it/en/the-rise-in-savings-a-consequence-or-a-cause-of-italian-low-growth
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    More about this item

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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