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.
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Article provided by Economics Bulletin in its journal Economics Bulletin.
Find related papers by JEL classification: C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Francesco Daveri & Cecilia Jona-Lasinio, 2005.
"Italy's Decline: Getting the Facts Right,"
Giornale degli Economisti,
GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 64(4), pages 365-410, December.
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