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Italy from economic decline to the current crisis

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  • Pasquale Tridico

    ()
    (dpt. Economia)

Abstract

The objective of this paper is to show that the current global economic crisis in which also Italy fell in 2008 represents indeed for the Italian economy just the last step of a much longer declining path which started in the nineties or to be more precise in 1992-93. In particular, I argue, the reasons which explain the long Italian decline, and partly also the deeper recession today and the lack of recovery from the current crisis can be found in the past reforms of the labour market, and in particular in the labour flexibility introduced in the last 15 years, which had, along with other policies introduced in parallel, cumulative negative consequences on the inequality, on the consumption, on the aggregate demand, on the labour productivity and on the GDP dynamics.

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Paper provided by ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro in its series Working Papers with number 0005.

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Date of creation: Sep 2012
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Handle: RePEc:ast:wpaper:0005

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Keywords: Financial crisis; Labour market; EU Crisis management; Comparative studies;

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  1. Salop, Steven C, 1979. "A Model of the Natural Rate of Unemployment," American Economic Review, American Economic Association, American Economic Association, vol. 69(1), pages 117-25, March.
  2. Pasquale Tridico, 2012. "The impact of the economic crisis on the EU labour market: a comparative perspective," Departmental Working Papers of Economics - University 'Roma Tre', Department of Economics - University Roma Tre 0153, Department of Economics - University Roma Tre.
  3. Blanchard, Olivier J & Giavazzi, Francesco, 2001. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labour Markets," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2713, C.E.P.R. Discussion Papers.
  4. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and Macroeconomic Performance," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) 2010-13, Observatoire Francais des Conjonctures Economiques (OFCE).
  5. Lilla Marco, 2005. "Disuguaglianze salariali in Italia: nuove evidenze dai microdati SHIW," Politica economica, Società editrice il Mulino, Società editrice il Mulino, issue 1, pages 71-102.
  6. Sebastiano Fadda, 2005. "Per una integrazione tra politiche del lavoro e politiche di sviluppo," ARGOMENTI, FrancoAngeli Editore, FrancoAngeli Editore, vol. 2005(14).
  7. Levrero Enrico Sergio & Stirati Antonella, 2005. "Distribuzione del reddito e prezzi relativi in Italia 1970-2002," Politica economica, Società editrice il Mulino, Società editrice il Mulino, issue 3, pages 401-434.
  8. Leonello Tronti & Francesca Ceccato, 2005. "Il lavoro atipico in Italia: caratteristiche, diffusione e dinamica," ARGOMENTI, FrancoAngeli Editore, FrancoAngeli Editore, vol. 2005(14).
  9. Raffaele Miniaci & Guglielmo Weber, 1996. "The Italian recession of 1993: Aggregate implications of microeconomic evidence," IFS Working Papers, Institute for Fiscal Studies W96/09, Institute for Fiscal Studies.
  10. Alfred Kleinknecht & C.W.M. Naastepad, 2005. "The Netherlands: Failure of a neo-classical policy agenda," European Planning Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 13(8), pages 1193-1203, July.
  11. Robert Boyer, 2009. "Come conciliare la solidarietà sociale e l’efficienza economica nell’era della globalizzazione: un punto di vista "regolazionista"," ARGOMENTI, FrancoAngeli Editore, FrancoAngeli Editore, vol. 2009(25), pages 5-29.
  12. Alfred Kleinknecht & Remco Oostendorp & Menno Pradhan & C. W. M. Naastepad, 2006. "Flexible Labour, Firm Performance and the Dutch Job Creation Miracle," International Review of Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 20(2), pages 171-187.
  13. Aldo Barba & Massimo Pivetti, 2009. "Rising household debt: Its causes and macroeconomic implications--a long-period analysis," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 33(1), pages 113-137, January.
  14. Torrini Roberto, 2005. "Quota dei profitti e redditività del capitale in Italia: un tentativo di interpretazione," Politica economica, Società editrice il Mulino, Società editrice il Mulino, issue 1, pages 7-42.
  15. Pasquale Tridico, 2007. "Flessibilità e istituzioni nel mercato del lavoro: dagli economisti classici agli economisti istituzionalisti," Working Papers, CREI Università degli Studi Roma Tre 0706, CREI Università degli Studi Roma Tre, revised 2007.
  16. Leonello TRONTI, 2005. "Protocollo di Luglio e crescita economica: l’occasione perduta," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(2), pages 345-370.
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