With the end of the twentieth century and the beginning of the new millennium in many European countries, and especially those of the Southern Europe, a structural change in the way the economy grows took place. In this essay we use the growth Accounting methodology to measure the contribution of different factors to economic growth in some European countries and in the U.S. and to isolate the determinants of the European slowdown during the Great Recession. The focus on Italy suggests that the slowdown of the Italian economy is structural and affects both the non-ICT and ICT sectors.
The productivity slowdown puzzle of European countries: a focus on Italy
GIOMBINI, GERMANA;TRAVAGLINI, GIUSEPPE;
2016
Abstract
With the end of the twentieth century and the beginning of the new millennium in many European countries, and especially those of the Southern Europe, a structural change in the way the economy grows took place. In this essay we use the growth Accounting methodology to measure the contribution of different factors to economic growth in some European countries and in the U.S. and to isolate the determinants of the European slowdown during the Great Recession. The focus on Italy suggests that the slowdown of the Italian economy is structural and affects both the non-ICT and ICT sectors.File in questo prodotto:
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