A note on Italy's current account sustainabnity: 1861-2010

被引：0
|
作者：
Rinaldi, Alberto [1 ,2 ]
Pistoresi, Barbara [1 ,2 ]
机构：
[1] Univ Modena & Reggio Emilia, Modena, Italy
[2] RECent, Modena, Italy
来源：
ECONOMICS BULLETIN | 2014年 / 34卷 / 02期
关键词：
D O I：
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中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
By using an original dataset, this paper analyzes the sustainabilitv of Italy's current accounts over the years 1861-2010. We find empirical support to sustainability: the Italian economy used external deficits (surpluses) to smooth aggregate consumption. Persistent current account deficits from 1861 to WW1 seem to have been used to prompt the nation's productivity and economic efficiency and so they do not seem to have undermined the nation's intertemporal solvency.
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页码：1197 / 1204
页数：8
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