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The Labor Productivity Slowdown: The True Issue of the Italian Economy

DOI: 10.4236/ajibm.2019.91016, PP. 253-266

Keywords: Labor Productivity, Capital Productivity, Multifactor Productivity

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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.

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