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Crisi economica, flessibilit? del lavoro e produttivit?

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  • Giuseppe Travaglini

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.

Suggested Citation

  • Giuseppe Travaglini, 2014. "Crisi economica, flessibilit? del lavoro e produttivit?," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2014(1), pages 11-24.
    • Handle: RePEc:fan:pripri:v:html10.3280/pri2014-001003
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    References listed on IDEAS

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    1. Enrico Saltari & Giuseppe Travaglini, 2009. "The Productivity Slowdown Puzzle. Technological and Non-technological Shocks in the Labor Market," International Economic Journal, Taylor & Francis Journals, vol. 23(4), pages 483-509.
    2. Enrico Saltari & Giuseppe Travaglini, 2008. "Il rallentamento della produttività del lavoro e la crescita dell'occupazione. Il ruolo del progresso tecnologico e della flessibilità del lavoro," Rivista italiana degli economisti, Società editrice il Mulino, issue 1, pages 3-38.
    3. Oliver J. Blanchard, 1997. "The Medium Run," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 89-158.
    4. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
    5. M. Pianta & Natalia Paci, 2012. "Nove su dieci. Perch? stiamo (quasi) tutti peggio di 10 anni fa," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2012(2), pages 180-184.
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    Cited by:

    1. Davide Antonioli & Paolo Pini, 2014. "Retribuzioni e produttivit?: un nuovo modello di contrattazione per fermare il declino," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2014(1), pages 79-93.
    2. Marina Capparucci & Alina Verashchagina, 2016. "I divari territoriali nell?innovazione delle imprese italiane," QUADERNI DI ECONOMIA DEL LAVORO, FrancoAngeli Editore, vol. 2016(105), pages 81-114.

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