Structural change, foreign trade and income multipliers in the Italian economy

Authors

  • G. GIOVANNETTI
  • D. SINISCALCO

DOI:

https://doi.org/10.13133/2037-3643/10816

Keywords:

Italian economy, integration, structural changes, imports, demand

Abstract

Between 1960 and 1985 the international integration of the Italian economic system increased substantially, with the pattern of trade changing significantly over the last decade. The literature that analysed these trends in relation to the process of structural change in the productive system has given rise to a debate on the macroeconomic implications of the changes taking place. This paper presents a macroeconomic framework for the consequences of these structural changes. The authors first focus on the links between imports and final demand. Then, these structural features of the system are embodied in a macroeconomic model. Finally, this model is used as a conceptual framework to analyse some macro-economic implications of the structural changes discussed in the literature.

 

JEL: F15, N24

Downloads

Published

2013-10-17

How to Cite

GIOVANNETTI, G., & SINISCALCO, D. (2013). Structural change, foreign trade and income multipliers in the Italian economy. PSL Quarterly Review, 39(158). https://doi.org/10.13133/2037-3643/10816

Issue

Vol. 39 No. 158 (1986)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.