IDEAS home Printed from https://ideas.repec.org/p/udf/wpaper/2014083.html
   My bibliography  Save this paper

DEF 2014: le fonti mancanti della crescita

Author

Listed:
  • Paolo Pini

    ()

  • Roberto Romano

Abstract

EDF 2014: The Missing Sources for Growth. The Economic and Financial Document (EFD) 2014 for Italy describes a country which does not grow and will hardly grow even in the near future. The document announces a programme of structural reforms in the labour market and for competitiveness which will generate marginal impacts on domestic demand; at the same time, it foresees an over-optimistic growth for export and private investments although ti does not say how it will be realized, given (in a context of measures devoted to respect) the constraints of balanced budget and fiscal consolidation. The recipe for the next few years adopted in the Italian EFD 2014, recommended by the European Commission, is a perverse mix of “expansionary austerity†and “expansionary precariousness†which leaves no room for employment recovery, wage growth, and not even for economic policy supporting domestic demand and industrial policy for innovation.

Suggested Citation

  • Paolo Pini & Roberto Romano, 2014. "DEF 2014: le fonti mancanti della crescita," Working Papers 2014083, University of Ferrara, Department of Economics.
  • Handle: RePEc:udf:wpaper:2014083
    as

    Download full text from publisher

    File URL: http://out.economia.unife.it/uploads/dip_deit/quaderni/2014083.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Paolo Pini, 2013. "What Europe Needs to Be European," Economia politica, Società editrice il Mulino, issue 1, pages 3-12.
    2. Daniela Palma & Stefano Prezioso, 2010. "Progresso tecnico e dinamica del prodotto in un'economia "in ritardo"," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2010(1), pages 33-74.
    3. Stefano Lucarelli & Daniela Palma & Roberto Romano, 2013. "Quando gli investimenti rappresentano un vincolo. Contributo alla discussione sulla crisi italiana nella crisi internazionale," Moneta e Credito, Economia civile, vol. 66(262), pages 167-203.
    4. Mario Sarcinelli, 2010. ""Europa 2020", nuovo governo economico e ri-regolamentazione finanziaria: incentivi o vincoli alla crescita?," Moneta e Credito, Economia civile, vol. 63(252), pages 291-324.
    5. Paolo Pini, 2000. "Partecipazione all'impresa e retribuzioni flessibili," Economia politica, Società editrice il Mulino, issue 3, pages 351-374.
    6. Paolo Pini, 2013. "Europe's Austerity Budget for 2014-2020. A Comment over an Anti-Keynesian Budget," Economia politica, Società editrice il Mulino, issue 3, pages 301-312.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic Growth; Wage Wedge; Jobs Act; Deregulations; Industrial and Innovation Policy;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:udf:wpaper:2014083. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alberto Benati). General contact details of provider: http://edirc.repec.org/data/deferit.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.