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DEF 2014: le fonti mancanti della crescita

Listed author(s):
  • Paolo Pini


  • Roberto Romano

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.

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Paper provided by University of Ferrara, Department of Economics in its series Working Papers with number 2014083.

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Length: 18 pages
Date of creation: 08 May 2014
Handle: RePEc:udf:wpaper:2014083
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  1. 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.
  2. 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.
  3. Pini Paolo, 2013. "What Europe Needs to Be European," Economia politica, Società editrice il Mulino, issue 1, pages 3-12.
  4. 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.
  5. Pini Paolo, 2000. "Partecipazione all'impresa e retribuzioni flessibili," Economia politica, Società editrice il Mulino, issue 3, pages 351-374.
  6. Pini Paolo, 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.
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