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The Political Economy of Italy's Decline - Oxford Scholarship Online
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The Political Economy of Italy's Decline

Andrea Lorenzo Capussela


This book offers an interpretation of Italy’s decline, which began two decades before the Great Recession. It argues that its deeper roots lie in the political economy of growth. This interpretation is illustrated through a discussion of Italy’s political and economic history since its unification, in 1861. The emphasis is placed on the country’s convergence to the productivity frontier and TFP performance, and on the evolution of its social order and institutions. The lens through which its history is reviewed, to illuminate the origins and evolution of the current constraints to growth, is d ... More

Keywords: Italy, decline, political economy, social orders, institutions, convergence, TFP, rule of law, political accountability, vicious circles

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780198796992
Published to Oxford Scholarship Online: May 2018 DOI:10.1093/oso/9780198796992.001.0001


Affiliations are at time of print publication.

Andrea Lorenzo Capussela, author