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The Labor Productivity Slowdown: The True Issue of the Italian Economy
C. Beccaria Department, University of Milan, Milan, Italy
C. Beccaria Department, University of Milan, Milan, Italy
- 1 C. Beccaria Department, University of Milan, Milan, Italy
- 2 C. Beccaria Department, University of Milan, Milan, Italy
American Journal of Industrial and Business Management·Volume 09 (2019)·Pages 253–266·Published 7 January 2019·DOI10.4236/ajibm.2019.91016
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Abstract
This paper deals with the issue of the weak growth in Italian labor productivity with particular reference to the period between 2000 and 2016. In analyzing the data relating to labor productivity, the influence of capital productivity and multifactor productivity were also considered. The analysis shows how the weak growth in labor productivity is due to some peculiar structural aspects of the Italian production system. At the end of the paper some comments are offered on possible policy interventions.
KeywordsLabor ProductivityCapital ProductivityMultifactor Productivity
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