Assessing Italy’s Reform Challenges: What Do Growth Accounting and Structural Indicators Say?
Italy's overall GDP growth has been dismal in recent years and this poor performance has been compounded by a declining trend in productivity growth. This paper looks into growth accounting and structural indicators and analyses Italy's performance against other European countries. We look at the evidence provided by newly available information from the Lisbon Assessment Framework (LAF). We investigate whether this new evidence is supported by data from other sources and provides fresh insight into Italy's reform process. The main message from the analysis appears to be that Italy's GDP growth significantly underperformed that of the EU15 in 2001-2007 notwithstanding progress on reforms.
Volume (Year): 98 (2008)
Issue (Month): 5 (September-October)
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