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Abstract:

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CentrePiece Article
Poor productivity: an Italian perspective
Sara Calligaris, Massimo Del Gatto, Fadi Hassan, Gianmarco Ottaviano and Fabiano Schivardi March 2018
Paper No' CEPCP521:
Full Paper (pdf)

CentrePiece 23 (1) Spring 2018


JEL Classification: D22; D24; O11; O47


Tags: misallocation; tfp; productivity puzzle; italy

Productivity growth has been slow in Western countries since the global financial crisis, but in Italy it has been stagnating for 25 years. Fadi Hassan and Gianmarco Ottaviano investigate inefficiency and misallocation in the Italian economy to draw broader lessons about what lies behind the ‘productivity puzzle'.

This article summarises ‘The Productivity Puzzle and Misallocation: An Italian Perspective’ by Sara Calligaris, Massimo Del Gatto, Fadi Hassan, Gianmarco Ottaviano and Fabiano Schivardi, CEP Discussion Paper No. 1520, December 2017