Crisi economica, flessibilit? del lavoro e produttivit?

Giuseppe Travaglini

PRISMA Economia - Societ? - Lavoro, 2014, vol. 2014/1, issue 1, 11-24

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.

Date: 2014
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