Abstract
In this paper I estimate a duration model of the Italian government. The main finding of the paper is that the downfall probability of an Italian government depends on both political and economic factors. In particular, the higher the inflation rate and the higher the number of workhours lost in strikes both at the time a government forms and during its tenure in office, the more likely it is for a government to collapse. This result has important consequences for the validity of political theories of the business cycle.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 629-636 |
| Number of pages | 8 |
| Journal | Review of Economics and Statistics |
| Volume | 80 |
| Issue number | 4 |
| DOIs | |
| State | Published - Nov 1998 |
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Economics and Econometrics
Fingerprint Dive into the research topics of 'Economic dynamics and government stability in postwar Italy'. Together they form a unique fingerprint.
Cite this
Merlo, A. (1998). Economic dynamics and government stability in postwar Italy. Review of Economics and Statistics, 80(4), 629-636. https://doi.org/10.1162/003465398557717