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How to offset the negative trend growth rate in the Italian economy?

  • Antonio Paradiso
  • B. Bhaskara Rao

The trend growth rate of the Italian economy has been declining since the 1980s. To examine how to offset this trend, we estimate a simple specification of an endogenous growth model. Cointegrating equations for the long-run output growth and its determinants are estimated with alternative time series methods. Our results imply that policies to double trade openness are necessary.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504851.2010.543066&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 18 (2011)
Issue (Month): 15 ()
Pages: 1479-1483

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Handle: RePEc:taf:apeclt:v:18:y:2011:i:15:p:1479-1483
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  1. Rao, B. Bhaskara, 2006. "Time Series Econometrics of Growth Models: A Guide for Applied Economists," MPRA Paper 1547, University Library of Munich, Germany.
  2. Robert J. Barro & Jong-Wha Lee, 2010. "A New Data Set of Educational Attainment in the World, 1950-2010," NBER Working Papers 15902, National Bureau of Economic Research, Inc.
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