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Spain and Italy: Catching up and falling behind. Two different tales of productivity slowdown

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Author Info

  • Mas, Matilde
  • Milana, Carlo
  • Serrano, Lorenzo

Abstract

The paper presents a first set of results for Spain and Italy using the EUKLEMS database. It emphasizes the different paths followed by the two countries over the last thirty five years, even though they still have many features in common. The motivation behind this paper is the poor productivity performance that the two countries have shown recently. The general overview details the factors underlying the process of per capita income convergence. Productivity performance is highlighted as the driving factor of convergence, deserving the greatest attention from different perspectives: the contributions of the different sources of productivity growth, which make use of the growth accounting framework; the impact of the structural change undergone by the two countries while moving from economies with still important shares of the agricultural sector to a more modern one; or the responsibility of poor productivity improvements in given industries. The changing composition of labour also deserves a detailed analysis because of its importance in productivity over the period analyzed.

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File URL: http://mpra.ub.uni-muenchen.de/15834/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15834.

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Date of creation: 2008
Date of revision: 2008
Handle: RePEc:pra:mprapa:15834

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Related research

Keywords: Growth; productivity; Growth accouting;

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References

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  1. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
  2. Matilde Mas & Joaquin Maudos & Francisco Perez & Ezequiel Uriel, 1996. "Infrastructures and Productivity in the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 30(7), pages 641-649.
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Citations

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Cited by:
  1. Ester Gomes da Silva, 2009. "Capital services estimates in Portuguese industries, 1977-2003," FEP Working Papers 313, Universidade do Porto, Faculdade de Economia do Porto.
  2. Fassio Claudio, 2011. "Sectoral invariances or distance-from-the-frontier effect among European mid-low tech sectors," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201115, University of Turin.
  3. Sterlacchini, Alessandro & Venturini, Francesco, 2011. "R&D and productivity in high-tech manufacturing: a comparison between Italy and Spain," MPRA Paper 30048, University Library of Munich, Germany.
  4. Simone Salotti & Carmine Trecroci, 2012. "Even Worse than You thought: The Impact of Public Debt on Aggregate Investment and Productivity," DEGIT Conference Papers c017_020, DEGIT, Dynamics, Economic Growth, and International Trade.
  5. Florentino Felgueroso & Sergi Jiménez Martín, 2009. "The "New Growth Model". How and with Whom?," Working Papers 2009-39, FEDEA.
  6. Molina, Oscar & Miguélez, Fausto, 2013. "From negotiation to imposition : social dialogue in austerity times in Spain," ILO Working Papers 483344, International Labour Organization.

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