Recent data on the traditional North-South dualistic divide in Italy clearly reveal the halt of any convergence process, with the per capita GDP gap in the Mezzogiorno returning to its historical levels, i.e. around 60% of the North-Centre. The resources mobilized within European policies for...

The disappointing growth performance of the Italian economy in the more recent period is analysed here with a stress on the medium-term evolution in the relationship between capital per worker and output per worker for the aggregate business sector of the economy. A drop in the elasticity of...

The dominant supply-side foundation for explanations of the growth potential of an economy is losing its persuasive power in the face of persistent losses in output and employment experienced by mature economies in the aftermath of the financial crisis. There is now an opening for eclectic...