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The July Protocol and Economic Growth: The Chance Missed

In: Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought

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  • Leonello Tronti

    (ISTAT)

Abstract

The chapter deals with the overall impact of the comprehensive incomes policy adopted in Italy in July 1993. The extraordinary merits of the agreement in curbing inflation are recognized, along with some incompleteness (with respect to Ezio Tarantelli’s proposal) in the way on one hand the policy was implemented, and on the other the social partners have pursued the second bargaining level. The author suggests a reformulation of the 1993 Protocol agreed among the three social partners (trade union movement, employers’ confederations and Government) towards a more pragmatic approach, using the first level to distribute a more or less ample share of productivity gains in the sectors where the second level finds it hard to gain ground.

Suggested Citation

  • Leonello Tronti, 2007. "The July Protocol and Economic Growth: The Chance Missed," AIEL Series in Labour Economics, in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 5, pages 69-95, AIEL - Associazione Italiana Economisti del Lavoro.
    • Handle: RePEc:ail:chapts:02-05
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    File URL: http://link.springer.com/chapter/10.1007/978-3-7908-1923-6_5
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    Cited by:

    1. Leonello Tronti, 2010. "The Italian productivity slow‐down: the role of the bargaining model," International Journal of Manpower, Emerald Group Publishing Limited, vol. 31(7), pages 770-792, October.
    2. Francesco Pastore, 2010. "Assessing the impact of incomes policy: the Italian experience," International Journal of Manpower, Emerald Group Publishing Limited, vol. 31(7), pages 793-817, October.
    3. Irene Brunetti & Valerio Intraligi & Andrea Ricci & Valeria Cirillo, 2020. "Low‐skill jobs and routine tasks specialization: New insights from Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1561-1581, December.
    4. de Panizza, Andrea, 2008. "Performance, IT maturity and offshoring behaviour of Italian manufacturing corporations in the dire straits of globalisation," MPRA Paper 22029, University Library of Munich, Germany.

    More about this item

    Keywords

    Tarantelli’s thought; incomes policy; Italy’s inflation.;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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