IDEAS home Printed from https://ideas.repec.org/p/ast/wpaper/0005.html
   My bibliography  Save this paper

Italy from economic decline to the current crisis

Author

Listed:
  • Pasquale Tridico

    () (dpt. Economia)

Abstract

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.

Suggested Citation

  • Pasquale Tridico, 2012. "Italy from economic decline to the current crisis," Working Papers 0005, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
  • Handle: RePEc:ast:wpaper:0005
    as

    Download full text from publisher

    File URL: http://host.uniroma3.it/associazioni/astril/db/ead8c438-c7f7-4dfb-b736-fbfbde278d62.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. 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.
    2. Olivier Blanchard & Francesco Giavazzi, 2003. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," The Quarterly Journal of Economics, Oxford University Press, vol. 118(3), pages 879-907.
    3. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and macroeconomic performance," Working Papers hal-01069429, HAL.
    4. 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.
    5. Enrico Sergio Levrero & Antonella Stirati, 2005. "Distribuzione del reddito e prezzi relativi in Italia 1970-2002," Politica economica, Società editrice il Mulino, issue 3, pages 401-434.
    6. 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.
    7. Leonello Tronti & Francesca Ceccato, 2005. "Il lavoro atipico in Italia: caratteristiche, diffusione e dinamica," ARGOMENTI, FrancoAngeli Editore, vol. 2005(14).
    8. Salop, Steven C, 1979. "A Model of the Natural Rate of Unemployment," American Economic Review, American Economic Association, vol. 69(1), pages 117-125, March.
    9. Marco Lilla, 2005. "Disuguaglianze salariali in Italia: nuove evidenze dai microdati SHIW," Politica economica, Società editrice il Mulino, issue 1, pages 71-102.
    10. repec:mes:challe:v:33:y:1990:i:4:p:57-59 is not listed on IDEAS
    11. 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.
    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. 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.
    14. Sebastiano Fadda, 2005. "Per una integrazione tra politiche del lavoro e politiche di sviluppo," ARGOMENTI, FrancoAngeli Editore, vol. 2005(14).
    15. Roberto Torrini, 2005. "Quota dei profitti e redditività del capitale in Italia: un tentativo di interpretazione," Politica economica, Società editrice il Mulino, issue 1, pages 7-42.
    16. 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.
    17. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marcelo Vieta, 2015. "The Italian Road to Creating Worker Cooperatives from Worker Buyouts: Italy�s Worker-Recuperated Enterprises and the Legge Marcora Framework," Euricse Working Papers 1578, Euricse (European Research Institute on Cooperative and Social Enterprises).
    2. Guglielmo Forges Davanzati & Lucia Mongelli, 2017. "Does Rising Unemployment Lead To Policies Of Labour Flexibility? The Italian Case (1990 – 2013)," Working Papers 0026, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    3. Jacopo Zotti, 2015. "The Long Italian Stagnation and the Welfare Effects of Outsourcing," Working Papers 2015.105, Fondazione Eni Enrico Mattei.

    More about this item

    Keywords

    Financial crisis; Labour market; EU Crisis management; Comparative studies;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ast:wpaper:0005. 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: (). General contact details of provider: http://host.uniroma3.it/associazioni/astril .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.