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Italy from economic decline to the current crisis

  • Pasquale Tridico

    ()

    (dpt. Economia)

The objective of this paper is to show that the current global economic crisis in which also Italy fell in 2008 represents indeed for the Italian economy just the last step of a much longer declining path which started in the nineties or to be more precise in 1992-93. In particular, I argue, the reasons which explain the long Italian decline, and partly also the deeper recession today and the lack of recovery from the current crisis can be found in the past reforms of the labour market, and in particular in the labour flexibility introduced in the last 15 years, which had, along with other policies introduced in parallel, cumulative negative consequences on the inequality, on the consumption, on the aggregate demand, on the labour productivity and on the GDP dynamics.

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Paper provided by ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro in its series Working Papers with number 0005.

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Date of creation: Sep 2012
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Handle: RePEc:ast:wpaper:0005
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  1. Salop, Steven C, 1979. "A Model of the Natural Rate of Unemployment," American Economic Review, American Economic Association, vol. 69(1), pages 117-25, March.
  2. Pasquale Tridico, 2007. "Flessibilità e istituzioni nel mercato del lavoro: dagli economisti classici agli economisti istituzionalisti," Working Papers 0706, CREI Università degli Studi Roma Tre, revised 2007.
  3. Olivier Blanchard & Francesco Giavazzi, 2001. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," NBER Working Papers 8120, National Bureau of Economic Research, Inc.
  4. Pasquale Tridico, 2012. "The impact of the economic crisis on the EU labour market: a comparative perspective," Departmental Working Papers of Economics - University 'Roma Tre' 0153, Department of Economics - University Roma Tre.
  5. Leonello TRONTI, 2005. "Protocollo di Luglio e crescita economica: l’occasione perduta," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(2), pages 345-370.
  6. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and macroeconomic performance," Sciences Po publications 2010-13, Sciences Po.
  7. Torrini Roberto, 2005. "Quota dei profitti e redditività del capitale in Italia: un tentativo di interpretazione," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 1, pages 7-42.
  8. Alfred Kleinknecht & Remco Oostendorp & Menno Pradhan & C. W. M. Naastepad, 2006. "Flexible Labour, Firm Performance and the Dutch Job Creation Miracle," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(2), pages 171-187.
  9. Alfred Kleinknecht & C.W.M. Naastepad, 2005. "The Netherlands: Failure of a neo-classical policy agenda," European Planning Studies, Taylor & Francis Journals, vol. 13(8), pages 1193-1203, July.
  10. Sebastiano Fadda, 2005. "Per una integrazione tra politiche del lavoro e politiche di sviluppo," ARGOMENTI, FrancoAngeli Editore, vol. 2005(14).
  11. Aldo Barba & Massimo Pivetti, 2009. "Rising household debt: Its causes and macroeconomic implications--a long-period analysis," Cambridge Journal of Economics, Oxford University Press, vol. 33(1), pages 113-137, January.
  12. Robert Boyer, 2009. "Come conciliare la solidarietà sociale e l’efficienza economica nell’era della globalizzazione: un punto di vista "regolazionista"," ARGOMENTI, FrancoAngeli Editore, vol. 2009(25), pages 5-29.
  13. Raffaele Miniaci & Guglielmo Weber, 1999. "The Italian Recession Of 1993: Aggregate Implications Of Microeconomic Evidence," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 237-249, May.
  14. Lilla Marco, 2005. "Disuguaglianze salariali in Italia: nuove evidenze dai microdati SHIW," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 1, pages 71-102.
  15. Levrero Enrico Sergio & Stirati Antonella, 2005. "Distribuzione del reddito e prezzi relativi in Italia 1970-2002," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 3, pages 401-434.
  16. Leonello Tronti & Francesca Ceccato, 2005. "Il lavoro atipico in Italia: caratteristiche, diffusione e dinamica," ARGOMENTI, FrancoAngeli Editore, vol. 2005(14).
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