| 来源类型 | Discussion paper
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| 规范类型 | 论文
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| 来源ID | DP896
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| DP896 West German Growth and Institutions, 1945-90 |
| Wendy Carlin
|
| 发表日期 | 1994-01-31
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | Italy's economic performance between 1945 and 1992 is assessed in a general theoretical framework for productivity growth measurement which enables us to relax the binding assumptions of standard Solow-type neoclassical models. The paper shows that `true productivity' was of minor importance, being outweighted by economies of scale as a source of growth. Productivity gains are large in the `miracle years'; from the late 1960s onwards, productivity levels taper off and cost decreases can be entirely attributed to a combination of scale economies and short-run adjustment costs. In such a framework, we analyse Italy's post-war economic performance arguing that our results confirm the widely-held opinion that the inefficiency of the service sector, lack of competition in the sheltered sectors, powerful vested interests, outdated ideologies and corruption itself account for most of the productivity slow down that is observed after the mid-1960s. |
| 关键词 | Italian economic growth
Measures of productivity
Post-war italy
Productivity growth
|
| URL | https://cepr.org/publications/dp896
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530034
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推荐引用方式
GB/T 7714 |
Wendy Carlin. DP896 West German Growth and Institutions, 1945-90. 1994.
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