Italy’s decline: getting the facts right
Francesco Daveri () and
Cecilia Jona-Lasinio ()
No 2006-EP01, Economics Department Working Papers from Department of Economics, Parma University (Italy)
The Italian economy is often said to be on a declining path. In this paper, we document that: (i) Italy’s current decline is a labor productivity problem (ii) the labor productivity slowdown stems from declining productivity growth in all industries but utilities (with manufacturing contributing for about one half of the reduction) and diminished interindustry reallocation of workers from agriculture to market services; (iii) the labor productivity slowdown has been mostly driven by declining TFP, with roughly unchanged capital deepening. The only mild decline of capital deepening is due to the rise in the value added share of capital that counteracted declining capital accumulation.
Keywords: Productivity growth; Productivity slowdown; TFP; decline; Italy (search for similar items in EconPapers)
JEL-codes: O3 O4 O5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-eff
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to swrwebeco.econ.unipr.it:80
Journal Article: Italy's Decline: Getting the Facts Right (2005)
Working Paper: Italy’s Decline: Getting the Facts Right (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:par:dipeco:2006-ep01
Access Statistics for this paper
More papers in Economics Department Working Papers from Department of Economics, Parma University (Italy) Via J.F. Kennedy 6, 43100 PARMA (Italy). Contact information at EDIRC.
Bibliographic data for series maintained by Andrea Lasagni ().