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  1. OECD Economic Surveys: Italy
  2. Volume 2002
  3. Issue 004
  4. OECD Economic Surveys: Italy 2002
  5. Chapters
  6. Structural Reforms to Raise Potential Growth
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Volume 2002
Issue 004
OECD Economic Surveys: Italy 2002
Chapters
Assessment and Recommendations
Macroeconomic Performance
Fiscal Policy. Reducing Debt and the Tax Burden.
Public Spending in Italy. Policies to Enhance its Effectiveness.
Structural Reforms to Raise Potential Growth
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Structural Reforms to Raise Potential Growth

Content Provider OECD iLibrary
Organization OECD
Abstract As measured by potential (full employment) GDP growth, Italy experienced the largest slowdown among the major European economies between the 1980s and 1990s (Figure 20). Much of this could represent the end of catch-up, as Italy reached GDP per capita levels similar to those of France, Germany and the UK by the end of the 1990s (Figure 21), having outperformed them in growth terms in earlier decades. Profound macroeconomic and structural reforms over the decade of the 1990s may have suppressed output growth, during a transition period, as well. Indeed, Chapter I described an acceleration of activity around the turn of the millenium. But it also noted that Italy’s export performance has been, on balance, disappointing. And there remains a deep regional divide: the Centre-North has a per capita output level equal to 122 per cent of the EU average, whereas that of the Mezzogiorno is only 68 per cent. Thus, the need to continue and deepen the process of structural reform would appear to be strongly indicated.
Page Count 62
Starting Page 101
Ending Page 142
Language English
Publisher OECD Publishing
Publisher Date 2002-01-18
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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