Economic dynamics and government stability in postwar Italy

Antonio Merlo

doi:10.1162/003465398557717

Economic dynamics and government stability in postwar Italy

Antonio Merlo

Research output: Contribution to journal › Article › peer-review

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	https://doi.org/10.1162/003465398557717
State	Published - Nov 1998

ASJC Scopus subject areas

Social Sciences (miscellaneous)
Economics and Econometrics

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