Public expenditure, saving and forengn loans in the devolopment of southern Italy

Authors

  • P. SARACENO

DOI:

https://doi.org/10.13133/2037-3643/12852

Keywords:

Public investment, Southern Italy, policy, anti-cycle

Abstract

The article examines the effects on income, consumption, imports and fiscal receipts of an additional pubic investment expenditure aiming at raising the economic level of a depressed area. Although this problem is set in general terms, the study refers to the economic depression in Southern Italy, a problem to which the author has been devoting his attention for a number of years. The paper points out the difference between such a policy of public expenditure and the anti-cycle policy to which up-to-date economic thought usually refers to. The difference lies mainly in the following points: availability of productive factors not matched by an availability of monetary savings; a longer duration of the required State action and the low profitability of public investments. Notwithstanding this special situation, an anti-depression policy may be carried out successfully, particularly if the experience of the war economy is kept in mind.

 

JEL: H50, H54, O11, 020

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How to Cite

SARACENO, P. (2014). Public expenditure, saving and forengn loans in the devolopment of southern Italy. PSL Quarterly Review, 2(10). https://doi.org/10.13133/2037-3643/12852

Issue

Vol. 2 No. 10 (1949)

Section

Editorial

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