Abstract

We analyse the current Italian economic crisis as a phase of a major systemic decline. We argue that ‘Italy’s system’ has forced the country to abandon a dynamic view of comparative advantage, crucial for sustained economic growth, in favour of a static view of specialisation. Creative destruction has been hampered and sectoral restructuring has not occurred, resulting in stagnation. The roots of this decline lie in collective action issues and an implicit contract between elites and civil society. We suggest that these issues must be resolved if the Italian economy and society are to revive.

Autore Pugliese

• Savioli Marco

Tutti gli autori

• Pelloni G. , Savioli M.

Titolo volume/Rivista

ECONOMIC AFFAIRS

Anno di pubblicazione

2015

ISSN

0265-0665

ISBN

Non Disponibile

Numero di citazioni Wos

1

Ultimo Aggiornamento Citazioni

28/04/2018

Numero di citazioni Scopus

1

Ultimo Aggiornamento Citazioni

28/04/2018

Settori ERC

Non Disponibile

Codici ASJC

Non Disponibile