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

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  • Alfredo Del Monte

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.

Suggested Citation

  • Alfredo Del Monte, 2010. "The Problem of Southern Italy: From the Lack of Capital to Illegal Intermediation," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, June.
  • Handle: RePEc:rar:journl:0178
    as

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    References listed on IDEAS

    as
    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. Besley, Timothy & Smart, Michael, 2007. "Fiscal restraints and voter welfare," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 755-773, April.
    3. 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.
    4. Arne Gieseck, 2006. "Prospettive per il processo di convergenza economica della Germania Est," L'industria, Società editrice il Mulino, issue 1, pages 45-48.
    5. 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.
    6. 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.
    7. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Development; Mezzogiorno; Institutions; Social capital;

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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