A Steady State Economy for Italy


Italy has been called "The Poor Man of Europe" simply because growth is slowing. The name-calling is based on the assumption that economies are supposed to grow forever. In a finite planet, the assumption is unreasonable. From the IT_L20 Model, Italy is forecast to be approaching a Steady State Economy after 2045 (see the graphic above). Why is this happening and is it a Success or a Failure?





Notes

Run the ITL20 Model in R-code (here). For more of my post son Italy, see the Blog Roll here.

Wikipedia Links



 

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