Broadberry, Stephen N.
[VerfasserIn]
;
Giordano, Claire
[Sonstige Person, Familie und Körperschaft];
Zollino, Francesco
[Sonstige Person, Familie und Körperschaft]
A Sectoral Analysis of Italy's Development, 1861-2011
Erschienen in:Bank of Italy Economic History Working Paper ; No. 20
Umfang:
1 Online-Ressource (85 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2239016
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 25, 2011 erstellt
Beschreibung:
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