| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP12843
|
| DP12843 The IT Revolution and Southern Europe's Two Lost Decades |
| Fabiano Schivardi; Tom Schmitz
|
| 发表日期 | 2018-04-05
|
| 出版年 | 2018
|
| 语种 | 英语
|
| 摘要 | Since the middle of the 1990s, productivity growth in Southern Europe has been substantially lower than in other developed countries. In this paper, we argue that this divergence was partly caused by inefficient management practices, which limited Southern Europe's gains from the IT Revolution. To quantify this effect, we build a multi-country general equilibrium model with heterogeneous firms and workers. In our model, the IT Revolution generates divergence for three reasons. First, inefficient management limits Southern firms' productivity gains from IT adoption. Second, IT increases the aggregate importance of management, making its inefficiencies more salient. Third, IT-driven wage increases in other countries stimulate Southern high-skill emigration. We calibrate our model using firm-level evidence, and show that it can account for 28% of Italy's, 39% of Spain's and 67% of Portugal's productivity divergence with respect to Germany between 1995 to 2008. |
| 主题 | Industrial Organization
; Macroeconomics and Growth
|
| 关键词 | Tfp
Southern europe
Divergence
It
Technology adoption
Management
|
| URL | https://cepr.org/publications/dp12843
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541653
|
推荐引用方式
GB/T 7714 |
Fabiano Schivardi,Tom Schmitz. DP12843 The IT Revolution and Southern Europe's Two Lost Decades. 2018.
|
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