Abstract

We propose a novel evaluation strategy to estimate local multipliers in Italy during 1996–2006. We find the presence of positive multipliers: 0.26–0.33 for the tradable sector (manufacturing) and 0.88–1.13 for the non-tradable sector (construction and services). They are lower than what was previously found for the United States but much higher than those identified for European and Asian countries. The reasons for this finding lie in the higher accuracy of the data, in the relevance of the instrument used, and in the widespread underutilization of production factors.

中文翻译：

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本地乘法器在工作

摘要

我们提出了一种新颖的评估策略来估算1996-2006年意大利的本地乘数。我们发现存在正乘数：贸易部门（制造业）为0.26-0.33，非贸易部门（建筑和服务）为0.88-1.13。它们比以前在美国发现的要低，但比欧洲和亚洲国家确定的要高。这一发现的原因在于数据的准确性更高，所用仪器的相关性以及对生产要素的广泛利用不足。