In this paper we investigate the link between government debt-to-GDP ratio and real per capita income growth in Italy over 1861-2009. We model our regression analysis on a standard production function. Our results support the hypotheses of a negative relation between public debt and growth and...

The generalised economic downturn in developed countries and the significant constraints on both their monetary and fiscal policies have prompted new infrastructure investments as a tool to promote economic growth. However, both the critical analysis of the existing academic literature and the...