Parole chiave
Labour market Policies
Productivity
Competitiveness
Growth Accounting
Come citare
Accepted 2017-05-30
Published 2017-05-31
Abstract
With the end of the Twentieth century and the beginning of the new millennium many European countries, especially those of the Southern Europe, experienced a structural economic change. The slowdown of the GDP growth rate, the deterioration of labor productivity, total factor productivity and investments are all common facts. In this paper we use the growth accounting to measure the contribution of different sources to economic growth in some European countries and in U.S.. We attempt to disentangle the determinants of the European slowdown during the Great Recession, with a special focus on Italy. The analysis suggests that the productivity slowdown of the Italian economy is structural. It affects both the non-ICT and ICT sectors.
Riferimenti bibliografici
Aghion P. and Howitt P. (2009). The Economics of Growth. MIT press, London, England.
Antonelli C. (2015) Una proposta di politica industriale, in: Pennacchi, in L. and Sanna R. (eds), Riforme del capitalismo e democrazia economica. Per un nuovo modello di sviluppo, Ediesse, Roma.
Barro R. 1999 Notes on Growth accounting, Journal of Economic Growth, 4, n. 2, 119-137.
Barzotto, M., Corò, G., & Volpe, M. (2014). Apertura internazionale e
risorse economiche locali. Un’indagine sul radicamento territoriale di imprese multinazionali. Argomenti.
Blanchard O. (1997). The Medium Run, Brookings Papers on Economic Activity, 2, 89-158.
Blanchard O. and J. Wolfers (2000). The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence, Economic Journal, 110, 11-33
Burda, M. and B. Svergnini (2009), ‘TFP growth in old and new Europe’, Comparative Economic Studies, Vol. 51, pp. 447-466.
Calcagnini, G and Favaretto I. (2011) The Economics of Small Businesses. An International perspective, Physica-Verlag Heidelberg, Springer-Verlag Berlin Heidelberg.
Calcagnini, G., Ferrando A. and Giombini G. (2015) Multiple Market Imperfections, Firm Profitability and Investment, European Journal of Law and Economics, 40: 95-120. DOI: 10.1007/s10657-014-9454-z.
Calcagnini, G., Giombini, G., Perugini, F., (2016), Bank Foundations, Social Capital, and the Growth of Italian Provinces, working paper DESP 1603, November, Università degli Studi di Urbino Carlo Bo.
Calcagnini, G., Giombini G. and Travaglini G. (2015), The productivity gap among European countries, WP-Ems Working Papers Series in Economics, Mathematics and Statistics, University of Urbino Carlo Bo, n. 10.
Calcagnini, G. and Travaglini G. (2013) A Time Series Analysis of Labor Productivity. Common Trends and Common Cycles in European countries and the U.S., Economic Modelling, 36, 622-628.
Ciccarone G and Saltari E. (2015), Cyclical downturn or structural disease? The decline of the Italian economy in the last twenty years, Journal of Modern Italian Studies, 20, n. 2, 228-244.
Dew-Becker, I., and Gordon, R.J. (2012), The Role of Labor-Market Changes in the Slowdown of European Productivity Growth. Review of Economics and Institutions, 3(2), pp.1-45.
D’Amuri, F and Giorgiantonio C (2014), Diffusione e prospettive della contrattazione aziendale in Italia", Questione di Economia e Finanza, n. 221, Banca d’Italia;
Fadda, S. (2016). Labor coefficients reduction and working time reduction. Argomenti, (4), 67-87.
Guarascio, D., Fana, M., & Cirillo, V. (2017). La crisi e le riforme del mercato del lavoro in Italia: un’analisi regionale del Jobs Act. Argomenti, (5), 29-56.
Kaldor N. 1957 A Model of Economic Growth, Economic Journal, 67, n. 268, 591-624.
Kaldor N. (1966). Causes of the Slow Rate of Economic Growth in the U.K., Cambridge University Press.
Kleinknecht A. (1998). Is labor market flexibility harmful to innovation?
Cambridge Journal of Economics, 22, 387--96.
Liberati, P. and Travaglini G. (2014), Riforme senza politica industriale: l’Italia negli ultimi venti anni, Rivista delle Politiche Sociali, 4, 109-130.
Lucchese, M., Nascia, L., & Pianta, M. (2016). Una politica industriale e tecnologica per l’Italia. Argomenti, (4), 25-50
Lucidi, F and Kleinknecht A (2010) Little innovation, many jobs: An econometric analysis of the Italian labor productivity crisis", Cambridge Journal of Economics, 34, 525-546.
Marra, C., & Turcio, S. (2016). Insider e outsider nel mercato del lavoro italiano. Argomenti, (4), 89-134.
Paci N (2014) La crisi del lavoro. Deregolamentazione e disuguaglianze, in Comito V., Paci N. and Travaglini G. (eds), Un Paese in Bilico, Ediesse, Roma.
Pianta M. (2015) What Is to Be Produced? The Case for Industrial Policy, Intereconomics, 3, FORUM: Which Industrial Policy Does Europe Need?, 139-145.
Saltari, E and Travaglini G. (2006), Le radici del declino economico. Occupazione e produttività in Italia nell’ultimo decennio, Utet, Torino.
Saltari, E and Travaglini G. (2009) The Productivity Slowdown Puzzle. Technology and Non-technology Shocks, Labor Market, International Economic Journal, vol. 23, n. 4, 483-509.
Solow R. (1957) Technical Change and the Aggregate Production Function, Review of Economic Studies, 39, 312-330.
Travaglini, G. (2011) Aggregation of firms and network agreement, Argomenti, 31, 5-34.
Travaglini, G. (2015) Modelli contrattuali, produttività, retribuzioni, in Pennacchi L. e Sanna R. (eds), Riforme del capitalismo e democrazia economica, Per un nuovo modello di sviluppo, Ediesse, Roma.
Van Ark, B. (2016) Europe’s productivity slowdown revised. A comparative perspective to the United State,. in Productivity Puzzles Across Europe, (eds). by Askenazy P., Bellmann L., Bryson A., Moreno Galbis E. Oxford University Press.
L'opera è pubblicata sotto Licenza Creative Commons - 4.0 International (CC BY 4.0)