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The matrix of the Italian economy and developmens in structural interdependence analysis

Author

Listed:
  • Luigi Fabbrini

    (professore incaricato di Politica Economica, Universita` di Trieste)

Abstract

The article focuses on Leontief’s structural interdependence theory and its recent developments and applications. Fabbrini traces out the origin of this new field of research and provides a rich review of the literature available at that time. In particular the Author discusses the relative merits and limitations of the models based on open and closed matrixes respectively and thoroughly discusses the assumption and the methodological issue involved in the two. The second part of the article is entirely devoted to a detailed comment on the first application of input-output analysis to the Italian post-1951 economic system offered by Chenery, Clark and Cao-Pinna. The author assesses the importance of the methodology undertaken by the abovementioned authors and highlights how their main findings support the possibility of a steady growth rate in the Italian economy driven by a bold program of public investments without imperiling balance of payments equilibrium and monetary stability.

Suggested Citation

  • Luigi Fabbrini, 2013. "The matrix of the Italian economy and developmens in structural interdependence analysis," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(3-4), pages 405-424.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:3-4:p:405-424
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    More about this item

    Keywords

    Structural Interdependence Theory; Input-output Analysis; New Methods and Tools Application; Italia Growth; Dualistic Economy;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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