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Economic Policy in France and Italy since the War: Different Stances, Different Outcomes?

Abstract:

Fifty years ago, French intervention in the economy was widespread; Italy's less so. Since then, Italy's (fairly chaotic) intervention increased while France's (fairly orderly) intervention diminished. At the macroeconomic level French policies were more market conforming than Italy's, in which politicians and trade unionists often imposed populist solutions. Partly as a consequence, France's cyclical performance was clearly superior. At the microeconomic level, France's industrial policies a...

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Journal:
Journal of Economic Issues
Volume:
35
Publication date:
2001-01-01
URN:
uuid:e89ed955-939d-4ef1-a934-01d86f979dcf
Local pid:
oai:economics.ouls.ox.ac.uk:12709

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