THE RELATIONSHIP BETWEEN ECONOMIC DEVELOPMENT AND SELECTED ECONOMIC INDICATORS IN CASE OF ITALY

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Abstract

In this article, we measure the economic development of Italy and examine the factors that will influence it. For the research purposes we have selected several factors that have a great impact on economic growth. We take GDP per capita as a measure of a country's economic development. The purpose of this study is to examine the dynamic and long-term relationships between variables and GDP per capita.

Keywords:

GDP per capita multivariate time-series VAR model exchange rate unemployment

References

Arthur Okun (1962) Potential GNP: Its Measurement and Significance. Cowles Foundation for Research in Economics at Yale University. Paul Krugman (1986) Target Zones and Exchange Rate Dynamics. The Quarterly Journal of Economics, Oxford University Press.

Robert Lucas (1976) Econometric Policy Evaluation: A Critique. Chicago university press.

Robert Solow (1957) Technical Change and the Aggregate Production Function. Harvard university press. Ronald McKinnon (1993) The Rules of the Game: International Money and Exchange Rates. MIT Press.

Simon Kuznets (1946) National Income: A Summary of Findings. Journal of “Survey of current business.

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THE RELATIONSHIP BETWEEN ECONOMIC DEVELOPMENT AND SELECTED ECONOMIC INDICATORS IN CASE OF ITALY. (2023). Economic Development and Analysis, 1(7), 21-31. https://doi.org/10.60078/2992-877X-2023-vol1-iss7-pp21-31