IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Productivity Growth and the Effects of Recessions

Listed author(s):
  • Vincenzo Atella


    (University of Rome "Tor Vergata")

  • Beniamino Quintieri

    (University of Rome "Tor Vergata")

The aim of this paper is to study the main determinants of the productivity growth and its interaction with the business cycle. In particular we investigate which variables are responsible for productivity growth and if recessions are associated with a higher or lower pace of productivity improving activities. The results we obtained seem to suggest that i) recessions would be beneficial for productivity growth only if they are transitory and ii) the low explanatory capability of supply variables may be due to the difficulties in matching complex phenomena to very aggregated data. Our conclusion is that due to the embodiment of the technology in capital goods, skills and the organization of work, technology itself usually requires a reallocation of factors of production that is costly to the firm, and such adjustment episodes are often times of crises, during which the opportunity cost of introducing innovation is lower.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.

Volume (Year): 57 (1998)
Issue (Month): 3-4 (December)
Pages: 359-386

in new window

Handle: RePEc:gde:journl:gde_v57_n3-4_p359-386
Contact details of provider: Postal:
via Sarfatti, 25 - 20136 Milano (Italy)

Phone: 0039-02-58365306
Web page:

Order Information: Web: Email:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v57_n3-4_p359-386. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.