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Long run and short run dynamics in italian manufacturing labour productivity

Author

Listed:
  • Tatiana Cesaroni

    (ISAE (Institute for Studies and Economic Analysis))

  • Carmine Pappalardo

    (ISAE)

Abstract

This paper examines structural changes in the Italian manufacturing sector, focusing on labour productivity in recent decades. To this end it distinguishes between trend and cyclical movements in the data using a multivariate unobserved components model. Changes in the relative importance of cyclical and trend components in labour productivity allow discrimination among the impacts of the factors affecting the performance of the Italian manufacturing sector during the 1980s, 1990s and in the more recent period.

Suggested Citation

  • Tatiana Cesaroni & Carmine Pappalardo, 2008. "Long run and short run dynamics in italian manufacturing labour productivity," Economics Bulletin, AccessEcon, vol. 3(15), pages 1-11.
    • Handle: RePEc:ebl:ecbull:eb-07c30068
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    References listed on IDEAS

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    More about this item

    Keywords

    unobserved component models;

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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