Soukiazis, Elias; Cerqueira, Pedro André; Antunes, Micaela - In: Economic Modelling 40 (2014) C, pp. 334-341
case where internal imbalances emerging from budget deficits or public debt can also constrain growth. The recent European … public debt crisis of peripheral countries (including Italy) shows that when internal imbalances are out of control they can … high deficit and public debt. Our empirical analysis shows that Italy grew at a slower rate than its potential capacity due …