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Between Theory and Reality: Growth analysis of Italy in the Post-Keynesian Framework

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  • Federica Arena

Abstract

This study aims to advance the analysis of Italian economic growth by examining the long-term relationship between autonomous demand and GDP through time series econometrics, while providing a comparative assessment of autonomous demand multipliers. The econometric analyzes support two key conclusions: first, that autonomous demand has been the long-term growth engine in Italy; and second, that the economic slowdown following Italy’s accession to the EU may have been driven by the low multiplier values associated with exports

Suggested Citation

  • Federica Arena, 2026. "Between Theory and Reality: Growth analysis of Italy in the Post-Keynesian Framework," Department of Economics University of Siena 937, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:937
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    File URL: http://repec.deps.unisi.it/quaderni/937.pdf
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    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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