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La crescita dell'economia italiana negli anni novanta tra ritardo tecnologico e rallentamento della produttivit�

Author

Listed:
  • Antonio Bassanetti

    () (Bank of Italy)

  • Massimiliano Iommi

    () (Istat)

  • Cecilia Jona-Lasinio

    () (Istat)

  • Francesco Zollino

    () (Bank of Italy)

Abstract

The paper presents a growth accounting exercise for the Italian economy over the last twenty years to assess the role of primary inputs and total factor productivity. The exercise was run at both the aggregate and the disaggregated level. For the first time in Italy it used a measure of capital services, disaggregated into several different components. Special attention was paid to the accumulation of ICT capital goods. A productive capital stock database was prepared, disaggregated by asset and sector, and the respective user costs, adjusted for fiscal factors, were calculated. In the period 1981-2001 total factor productivity contributed for less than one fourth to the Italian economic growth, and in the second half of the nineties TFP decelerated significantly. The largest contribution to economic activity was made by capital formation and specifically by assets not directly linked to new technologies, whose contribution was very small. The service sector, in particular transport and communications and financial intermediation, contributed most to the growth of TFP. In financial intermediation sector the role played by ICT capital was very substantial.

Suggested Citation

  • Antonio Bassanetti & Massimiliano Iommi & Cecilia Jona-Lasinio & Francesco Zollino, 2004. "La crescita dell'economia italiana negli anni novanta tra ritardo tecnologico e rallentamento della produttivit�," Temi di discussione (Economic working papers) 539, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:wptemi:td_539_04
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    References listed on IDEAS

    as
    1. Domenica J. Marchetti, 1999. "Markup and the Business Cycle: Evidence from Italian Manufacturing Branches," Temi di discussione (Economic working papers) 362, Bank of Italy, Economic Research and International Relations Area.
    2. Atkinson, A.B. & Brandolini, A., 2000. "Promise and Pitfalls in the Use of 'Secondary' Data -Sets: Income Inequality in OECD Countries," Papers 379, Banca Italia - Servizio di Studi.
    3. Marchetti, D.J., 1999. "Markup and the Business Cycle: Evidence from Italian Manufacturing Branches," Papers 362, Banca Italia - Servizio di Studi.
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    Citations

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    Cited by:

    1. Nicola Matteucci & Mary O'Mahony & Catherine Robinson & Thomas Zwick, 2005. "Productivity, Workplace Performance And Ict: Industry And Firm-Level Evidence For Europe And The Us," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(3), pages 359-386, July.
    2. Andrea LASAGNI & Fabio SFORZI, "undated". "The Location Determinants of the ICT Sector across Italy," Regional and Urban Modeling 284100027, EcoMod.
    3. Lidia Mannarino & Valeria Pupo & Fernanda Ricotta, 2016. "Family Firms And Productivity: The Role Of Institutional Quality," Working Papers 201605, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    4. Alessandro Sterlacchini & Francesco Venturini, 2013. "Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy," Journal of Industry, Competition and Trade, Springer, vol. 13(2), pages 187-208, June.
    5. Simona Iammarino & Cecilia Jona-Lasinio & Susanna Mantegazza, 2004. "Labour productivity, ict and regions. the resurgence of the italian "dualism"?," ERSA conference papers ersa04p183, European Regional Science Association.
    6. Francesco Daveri & Cecilia Jona-Lasinio, 2005. "Italy's Decline: Getting the Facts Right," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 64(4), pages 365-410, December.
    7. Alessandro Zeli & Paolo Mariani, 2009. "Productivity and profitability analysis of large Italian companies: 1998–2002," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(2), pages 175-188, June.
    8. Cardamone, Paola, 2014. "R&D, spatial proximity and productivity at firm level: evidence from Italy," MPRA Paper 57149, University Library of Munich, Germany.
    9. Simona Iammarino & Cecilia Jona-Lasini & Susanna Mantegazza, 2004. "Labour productivity, ICT and regions: The revival of Italian “dualism”?," SPRU Working Paper Series 127, SPRU - Science and Technology Policy Research, University of Sussex.
    10. Stefania Villa, 2005. "Determinants of growth in Italy. A time series analysis," Quaderni DSEMS 24-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
    11. Andrea Brandolini & Piero Casadio & Piero Cipollone & Marco Magnani & Alfonso Rosolia, 2007. "Employment Growth in Italy in the 1990s: Institutional Arrangements and Market Forces," AIEL Series in Labour Economics,in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 4, pages 31-68 AIEL - Associazione Italiana Economisti del Lavoro.
    12. Simona Iammarino & Cecilia Jona-Lasinio & Susanna Mantegazza, 2005. "Productivity, Ict and Regional Disparities in Italy," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, July.
    13. Bassanetti, Antonio & Döpke, Jörg & Torrini, Roberto & Zizza, Roberta, 2006. "Capital, labour and productivity: What role do they play in the potential GPD weakness of France, Germany and Italy?," Discussion Paper Series 1: Economic Studies 2006,09, Deutsche Bundesbank.
    14. 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.
    15. Angelo Zago & Paola Dongili, 2011. "Credit quality and technical efficiency in banking," Empirical Economics, Springer, vol. 40(2), pages 537-558, April.
    16. A. Lasagni & F. Sforzi, 2007. "Locational determinants of the ICT sector across Italy," Economics Department Working Papers 2007-EP03, Department of Economics, Parma University (Italy).
    17. Carlo Castellana, 2012. "Impact of the economic crisis on the Italian public healthcare expenditure," Papers 1205.2863, arXiv.org.

    More about this item

    Keywords

    contabilit� della crescita; costo d'uso; produttivit� totale dei fattori; tecnologie della comunicazione e informazione;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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