| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23964 |
| 来源ID | Working Paper 23964 |
| Diagnosing the Italian Disease | |
| Bruno Pellegrino; Luigi Zingales | |
| 发表日期 | 2017-10-30 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Italy’s aggregate productivity abruptly stopped growing in the mid-1990s. This stop represents a puzzle, as it occurred at a time of stable macroeconomic conditions. In this paper, we investigate the possible causes of this “disease” by using sector and firm-level data. We find that Italy’s productivity disease was most likely caused by the inability of Italian firms to take full advantage of the ICT revolution. While many institutional features can account for this failure, a prominent one is the lack of meritocracy in the selection and rewarding of managers. Unfortunately, we also find that the prevalence of loyalty-based management in Italy is not simply the result of a failure to adjust, but an optimal response to the Italian institutional environment. Italy’s case suggests that familism and cronyism can be serious impediments to economic development even for a highly industrialized nation. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w23964 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581638 |
| 推荐引用方式 GB/T 7714 | Bruno Pellegrino,Luigi Zingales. Diagnosing the Italian Disease. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23964.pdf（1542KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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