This paper conducts a multivariate time-series analysis of output growth rate, investment and government consumption in Italy from 1950 to 2005. The empirical results are consistent with the prediction of the Solow growth model, while they do not support the family of endogenous growth models according to which government consumption is a determinant of long-run economic growth.
Economic Growth, Investment and Government Consumption in Italy. A VAR Analysis
VILLA, STEFANIA
2008-01-01
Abstract
This paper conducts a multivariate time-series analysis of output growth rate, investment and government consumption in Italy from 1950 to 2005. The empirical results are consistent with the prediction of the Solow growth model, while they do not support the family of endogenous growth models according to which government consumption is a determinant of long-run economic growth.File in questo prodotto:
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