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A polarized country in a polarized Europe: an industrial policy for Italy’s renaissance

Author

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  • Dario Guarascio

    (Sant’Anna School of Advanced Studies)

  • Annamaria Simonazzi

    (Sapienza University of Rome)

Abstract

This note focuses on two issues concerning industrial policy in Italy. The first relates to the question of which kind of industrial policy is better suited to meet the development needs of an economic system at an intermediate level of development focusing, in particular, on the Italian southern regions. The second issue concerns the labor market institutions that are more consistent with an industrial policy aimed at reversing the present Italian decline. We underline the incompatibility of a labor market set-up that encourages continuous turnover and cost competitiveness strategies—based on labor cost reduction—with an industrial policy aimed at strengthening and upgrading the industrial structure.

Suggested Citation

  • Dario Guarascio & Annamaria Simonazzi, 2016. "A polarized country in a polarized Europe: an industrial policy for Italy’s renaissance," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 315-322, September.
    • Handle: RePEc:spr:epolin:v:43:y:2016:i:3:d:10.1007_s40812-016-0042-9
    DOI: 10.1007/s40812-016-0042-9
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    Cited by:

    1. Giuseppe Celi & Dario Guarascio & Annamaria Simonazzi, 2020. "A fragile and divided European Union meets Covid-19: further disintegration or ‘Hamiltonian moment’?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 411-424, September.
    2. Davide Villani & Marta Fana, 2021. "Productive integration, economic recession and employment in Europe: an assessment based on vertically integrated sectors," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(2), pages 137-157, June.
    3. Arbolino, Roberta & Boffardi, Raffaele & Lanuzza, Francesco & Ioppolo, Giuseppe, 2018. "Monitoring and evaluation of regional industrial sustainability: Evidence from Italian regions," Land Use Policy, Elsevier, vol. 75(C), pages 420-428.
    4. Giangregorio Luca & Fana Marta, 2021. "The structure of the labour market and wage inequality using RIF-OLS: the Italian case," JRC Working Papers on Labour, Education and Technology 2021-11, Joint Research Centre.
    5. Valeria Cirillo & Marta Fana & Dario Guarascio, 2017. "Labour market reforms in Italy: evaluating the effects of the Jobs Act," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 34(2), pages 211-232, August.
    6. Servaas Storm, 2019. "Lost in deflation: Why Italy`s woes are a warning to the whole Eurozone," Working Papers Series 94, Institute for New Economic Thinking.

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    More about this item

    Keywords

    Manufacturing industry; Industrial policy; Innovation; Italy;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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