Italy: The Sheltered Economy: Structural Problems in the Italian Economy

Hardcover | April 30, 1999

byFiorella Padoa Schioppa KostorisTranslated byJohn E. Powell

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This volume describes in considerable detail the structural features of the Italian economy. It is based on the results of a major three-year project analysing the Italian economy, and its primary focus is on the role of state and private economic agents. Italy has a huge and interventionist governmental economic policy: the state spends over 50% of National Income. Professor Padoa Schioppa Kastoris argues that much of this state action and regulation is irrational and counter-efficient. She then argues that the Italian economy is also characterizedby a large and efficient `black market', and that much of the private sector already evades the command and control imposed by the state. Since de facto deregulation therefore exists to a large extent in the Italian economy, Professor Padoa Schioppa Kastoris calls for legal deregulation andprivatization. She argues that a decrease in, and an altered character of, state action will enable the Italian economy to achieve higher rates of growth, and to reconcile the goals of efficiency and public interest. The book reflects a blend of theoretical and empirical work: although much data on the Italian economy is given in the book, the analysis is not technical.

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From the Publisher

This volume describes in considerable detail the structural features of the Italian economy. It is based on the results of a major three-year project analysing the Italian economy, and its primary focus is on the role of state and private economic agents. Italy has a huge and interventionist governmental economic policy: the state sp...

From the Jacket

Italy has a huge and interventionist governmental economic policy: the general government spends over 50% of the Gross Domestic Product. Professor Padoa Schioppa Kostoris argues that much of this public action and regulation is irrational and counter-efficient. For example, the author analyses the role of taxes and subsidies, and concl...

Fiorella Padoa Schioppa Kostoris is at Universita di Roma, `La Sapienza'.
Format:HardcoverDimensions:272 pages, 8.5 × 5.43 × 0.83 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198287488

ISBN - 13:9780198287483

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'a special monograph ... The book is actually the synopsis of a very wide research project developed in Italy by a large number of economists coordinated by the author ... it will be very helpful, both for students of applied economics and for scholars interested in understanding how theItalian economy has been steered during the last 20 years of the 'first republic'.'Paolo Onofri, University of Bologna, Economica, Vol. 61, No. 244, November 1994