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We develop a parsimonious finance and endogenous growth model with microeconomic frictions in entrepreneurship and a role for credit constraints. We demonstrate that though an efficiency-growth relation will always exist, the efficiency-depth-growth relation may not. This has implications for...
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integration meant that foreign market access was the decisive factor; the North had the advantage of proximity to these markets …
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patterns of the occupational structure in pre-unification Italy, combining direct observations and urbanization rates. In 1861 …, the agricultural labour share was higher in Southern Italy than in the Centre and North. During the Risorgimento … fifteenth and sixteenth centuries, as the Centre-North stagnated and the South grew slowly. Southern Italy forged ahead of China …
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In this paper we investigate the relation between population, real wages and urbanization in the Italian economy during the period 1320-1870. In this period the prevailing conditions were those of a poor, mainly agricultural economy with limited human capital and rudimentary technology. However,...
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We develop an endogenous growth model to simulate the long-term impact of Italy's National Recovery and Resilience Plan …
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when policy is decentralized. Our claim is based on a detailed analysis of the Italian regional divide. Italy, the case …
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