Economic dynamics and government stability in postwar Italy

Antonio Merlo

    Research output: Contribution to journalArticle

    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 languageEnglish (US)
    Pages (from-to)629-636
    Number of pages8
    JournalReview of Economics and Statistics
    Volume80
    Issue number4
    DOIs
    StatePublished - Nov 1998

    ASJC Scopus subject areas

    • Social Sciences (miscellaneous)
    • Economics and Econometrics

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