IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

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

  • Antonio Bassanetti


    (Bank of Italy)

  • Massimiliano Iommi



  • Cecilia Jona-Lasinio



  • Francesco Zollino


    (Bank of Italy)

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.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 539.

in new window

Date of creation: Dec 2004
Date of revision:
Handle: RePEc:bdi:wptemi:td_539_04
Contact details of provider: Postal: Via Nazionale, 91 - 00184 Roma
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Anthony B. Atkinson & Andrea Brandolini, 2000. "Promise and Pitfalls in the Use of 'Secondary' Data-Sets: Income Inequality in OECD Countries," Temi di discussione (Economic working papers) 379, Bank of Italy, Economic Research and International Relations Area.
  2. Marchetti, D.J., 1999. "Markup and the Business Cycle: Evidence from Italian Manufacturing Branches," Papers 362, Banca Italia - Servizio di Studi.
  3. 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.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:bdi:wptemi:td_539_04. 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: ()

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.