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Italy’S Decline: Getting The Facts Right: Comment


  • Francesco Nucci

    () (Università di Roma "La Sapienza", Facoltà di Scienze Statistiche)


Building on my discussion of the paper by Daveri - Jona-Lasinio (2005) on Italy’s economic decline, I first enlarge the perspective of their key findings by considering developments in the US and the European economy. Moreover, I take a different perspective that hinges on the literature on productivity and business cycle, providing theoretical and empirical arguments that lend support to alternative views. This pertains especially to the role of reallocation effects in aggregate productivity and the link between market liberalization and productivity dynamics.

Suggested Citation

  • Francesco Nucci, 2008. "Italy’S Decline: Getting The Facts Right: Comment," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 67(1), pages 103-115, March.
  • Handle: RePEc:gde:journl:gde_v67_n1_p103-115

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    References listed on IDEAS

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    9. Miriam A. Golden & Lucio Picci, 2005. "Proposal For A New Measure Of Corruption, Illustrated With Italian Data," Economics and Politics, Wiley Blackwell, vol. 17, pages 37-75, March.
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    Cited by:

    1. Francesco Carlucci, 2011. "Un'analisi quantitativa delle politiche di rientro dal disavanzo pubblico in Italia," Moneta e Credito, Economia civile, vol. 64(254), pages 135-175.
    2. Alessandro Sterlacchini & Francesco Venturini, 2014. "R&D and Productivity in High-Tech Manufacturing: A Comparison between Italy and Spain," Industry and Innovation, Taylor & Francis Journals, vol. 21(5), pages 359-379, July.

    More about this item


    Italy’s economic decline; Total Factor Productivity (TFP);

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production


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