In this paper we argue that the deceleration of labour productivity is at the root of the slowdown of the Italian economic growth over the last twenty years. Using a simple model of growth accounting, we show that this poor performance can only be accounted for by a combination of two main changes: an adverse technological change to the labour demand (TFP slowdown) and a positive institutional change to the labour supply (higher flexibility). Basically, the Italian productivity slowdown and the deterioration of its international competitiveness open new questions on the feared decline of the Italian economy.

Crisi economica Flessibilità del lavoro e produttività

TRAVAGLINI, GIUSEPPE
2014

Abstract

In this paper we argue that the deceleration of labour productivity is at the root of the slowdown of the Italian economic growth over the last twenty years. Using a simple model of growth accounting, we show that this poor performance can only be accounted for by a combination of two main changes: an adverse technological change to the labour demand (TFP slowdown) and a positive institutional change to the labour supply (higher flexibility). Basically, the Italian productivity slowdown and the deterioration of its international competitiveness open new questions on the feared decline of the Italian economy.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11576/2596590
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact