Papers by Kristina Marzoli
The GDP is the economic indicator that shows the State growth "path". It is necessary to focus on... more The GDP is the economic indicator that shows the State growth "path". It is necessary to focus on
the long-term trend to overcome the short-term changes. In the past, Italy and Slovakia have faced
strong differences in political system and economic performance: the former with a well-established
capitalistic system, and the latter based on a centrally planned economic system, transformed from
the 90’s into capitalism. They both grew, through economic cycles, until 2008, when the general
economic crisis (still in progress) became evident. As far as the current economic crisis concerns,
the adopted policy of austerity, based on wage repression, didn’t get the expected results. In the
growth process, investments, both public and private, play an essential role. They determine the
fixed capital accumulation, whose rate (expressed as the ratio of gross fixed capital formation and
gross domestic product) meets the limit of the social productivity of labour due to technological
improvements.
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Papers by Kristina Marzoli
the long-term trend to overcome the short-term changes. In the past, Italy and Slovakia have faced
strong differences in political system and economic performance: the former with a well-established
capitalistic system, and the latter based on a centrally planned economic system, transformed from
the 90’s into capitalism. They both grew, through economic cycles, until 2008, when the general
economic crisis (still in progress) became evident. As far as the current economic crisis concerns,
the adopted policy of austerity, based on wage repression, didn’t get the expected results. In the
growth process, investments, both public and private, play an essential role. They determine the
fixed capital accumulation, whose rate (expressed as the ratio of gross fixed capital formation and
gross domestic product) meets the limit of the social productivity of labour due to technological
improvements.
the long-term trend to overcome the short-term changes. In the past, Italy and Slovakia have faced
strong differences in political system and economic performance: the former with a well-established
capitalistic system, and the latter based on a centrally planned economic system, transformed from
the 90’s into capitalism. They both grew, through economic cycles, until 2008, when the general
economic crisis (still in progress) became evident. As far as the current economic crisis concerns,
the adopted policy of austerity, based on wage repression, didn’t get the expected results. In the
growth process, investments, both public and private, play an essential role. They determine the
fixed capital accumulation, whose rate (expressed as the ratio of gross fixed capital formation and
gross domestic product) meets the limit of the social productivity of labour due to technological
improvements.