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Descripción

During the last two decades, Italy has lagged behind in production and productivity growth with respect to other rich countries. This seems to be in contrast with its notable elements of wealth and convergence predictions of modern growth theories. This work aims at identifying critical features of this puzzling case in a variant version of Solow's growth accounting where "true" index numbers derived from Afriat's approach allow for scale (dis)economies, (mis)allocation effects as well as technical (in)efficiency. The empirical results suggest that the relatively high technical and allocative inefficiencies in the Italian production system may be alleviated by eliminating the chronic vicious circle between underinvestment in human capital and depressingly low premiums in high-skilled labour rewards.

Contribuyente

Autor Carlo Milana

Información

DUIN 1366CR3R6OP

GTIN 9783330781887

Fecha de aparición 30.05.2017

Idioma Inglés

Número de páginas 64

Product type Libro de bolsillo

Dimensión 220 x 150 x 4  mm

Peso del producto 115 g

Productivity Stagnation in a Wealthy Economy

The Case of Italy

Carlo Milana

28,08 €

Vendedor: Dodax EU

Fecha de entrega: entre jueves, 5. noviembre y lunes, 9. noviembre

Condición: Nuevo

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28,08 €
IVA incluído - Envío GRATIS