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The productivity slowdown puzzle of European countries: a focus on Italy

Author

Listed:
  • Germana Giombini

    (Department of Economics, Society & Politics, Università di Urbino "Carlo Bo)

  • Francesco Perugini

    (Department of Economics, Society & Politics, Università di Urbino "Carlo Bo")

  • Giuseppe Travaglini

    (Department of Economics, Society & Politics, Università di Urbino "Carlo Bo")

Abstract

With the end of the twentieth century and the beginning of the new millennium in many European countries, and especially those of the Southern Europe, a structural change in the way the economy grows took place. In this essay we use the growth accounting methodology to measure the contribution of different factors to economic growth in some European countries and in the U.S. and to isolate the determinants of the European slowdown during the Great Recession. The focus on Italy suggests that the slowdown of the Italian economy is structural and affects both the non-ICT and ICT sectors. Length: 24 pages

Suggested Citation

  • Germana Giombini & Francesco Perugini & Giuseppe Travaglini, 2016. "The productivity slowdown puzzle of European countries: a focus on Italy," Working Papers 1606, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    • Handle: RePEc:urb:wpaper:16_06
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    Cited by:

    1. Bellocchi, Alessandro & Marin, Giovanni & Travaglini, Giuseppe, 2023. "The labor share puzzle: Empirical evidence for European countries," Economic Modelling, Elsevier, vol. 124(C).
    2. Corbellini, Aldo & Magnani, Marco & Morelli, Gianluca, 2021. "Labor market analysis through transformations and robust multivariate models," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    3. Gordon, Robert J. & Sayed, Hassan, 2019. "The Industry Anatomy of the Transatlantic Productivity Growth Slowdown," CEPR Discussion Papers 13751, C.E.P.R. Discussion Papers.
    4. Robert J. Gordon & Hassan Sayed, 2019. "The Industry Anatomy of the Transatlantic Productivity Growth Slowdown," NBER Working Papers 25703, National Bureau of Economic Research, Inc.
    5. Alessandro Bellocchi & Giovanni Marin & Giuseppe Travaglini, 2021. "The Great Fall of Labor Share:Micro Determinants for EU Countries Over 2011-2019," Working Papers 2102, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2021.
    6. Diana Barros, Aurora A.C. Teixeira, 2021. "The technology balance of payments and international competitiveness: a panel data analysis of southern European countries, 2000-2017," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 18(1), pages 105-136, June.
    7. Maria Tsiapa, 2023. "A holistic approach of the labour productivity slowdown in the regions of the European Union," Papers in Regional Science, Wiley Blackwell, vol. 102(3), pages 507-531, June.

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    More about this item

    Keywords

    Institutions; Labour market Policies; Productivity; Competitiveness; Growth Accounting;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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