IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-117399y2024i1-2p237-250.html
   My bibliography  Save this article

Il punto sul PNRR

Author

Listed:
  • Paolo Manasse
  • Graziano Moramarco

Abstract

The National Recovery and Resilience Plan (PNRR) has entered its final phase. This article discusses its current status, examining three critical topics: (1) its implementation across areas of policy intervention and regions, in terms of both resource allocation and actual spending; (2) major bottlenecks and delays in the execution of investment projects and structural reforms; and (3) the macroeconomic impact of the PNRR, evaluating the expected returns to such a large-scale plan in terms of growth and employment. The analysis explores territorial imbalances and weaknesses in the design of the plan, such as the oversized role of local governance and the prevalence of investments in physical capital over those in human capital. Macroeconomic projections suggest only a moderate impact of the PNRR, amid substantial uncertainty on its long-term effects, casting doubts on its ability to enhance competitiveness and boost productivity after decades of stagnation.

Suggested Citation

  • Paolo Manasse & Graziano Moramarco, 2024. "Il punto sul PNRR," Politica economica, Società editrice il Mulino, issue 1-2, pages 237-250.
    • Handle: RePEc:mul:je8794:doi:10.1429/117399:y:2024:i:1-2:p:237-250
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/117399
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1429/117399
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/117399:y:2024:i:1-2:p:237-250. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.