Foreign Trade and Industrial Structure in Italy: an Input-Output Multiplier Analysis
In recent years it has become more and more relevant in Italy to answer the following question: is there any possible trade-off between economic growth and the preservation of external equilibrium? In the debate on economic policy this topic has been widely discussed but, very often, such discussions have not taken into consideration the strong links between productive structure and external constraint. That is why we find contradictory interpretations and hardly any appropriate policy proposal.
KeywordsIntermediate Good Final Demand Import Content Domestic Good Marginal Propensity
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