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A sectoral analysis of Italy's development : 1861 -2010
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Broadberry, S. N., Giordano, Claire and Zollino, Francesco (2011) A sectoral analysis of Italy's development : 1861 -2010. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2011 (Number 62).
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Text (Working paper)
WRAP_62.2011_broadberry.pdf - Published Version Download (1639Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
Italy‘s economic growth over its 150 years of unified history did not occur at a steady pace nor was it
balanced across sectors. Relying on an entirely new input (labour and capital) database by us built
and presented in the Appendix, together with new Banca d‘Italia estimates of GDP by sector, this
paper evaluates the different labour productivity growth trends within the Italian economy‘s sectors,
as well as the contribution of structural change to productivity growth. Italy‘s performance is then set
in an international context: a comparison of sectoral labour productivity growth rates and levels
within a selected sample of countries (UK, US, Germany, Japan, India) allows us to better time,
quantify and gauge the causes of Italy‘s catching-up process and subsequent more recent slowdown.
Finally, the paper analyses the proximate sources of Italy‘s growth, relative to the other countries, in
a standard growth accounting framework, in an attempt also to disentangle the contribution of both
total factor productivity growth and capital deepening to the country‘s labour productivity dynamics.
| Item Type: | Working or Discussion Paper (Working Paper) | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Economic development -- Italy, Labor productivity -- Italy | ||||
| Series Name: | CAGE Online Working Paper Series | ||||
| Publisher: | Department of Economics, University of Warwick | ||||
| Place of Publication: | Coventry, UK | ||||
| Official Date: | November 2011 | ||||
| Dates: |
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| Volume: | Volume 2011 | ||||
| Number: | Number 62 | ||||
| Number of Pages: | 78 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Description: | This paper was presented at the Conference ―Italy and the World Economy, 1861-1911, Rome, Banca d‘Italia 12-15 October 2011 |
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| Date of first compliant deposit: | 1 August 2016 | ||||
| Date of first compliant Open Access: | 1 August 2016 |
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