— Search

7 results for TAG: "Productivity"

Order by: newest | oldest | relevance

  1. Business and economy

    Is Productivity Growth Becoming Irrelevant?

    by Adair Turner*

    IT
    24 Exclusive content for IT24

    As the Nobel laureate economist Robert Solow noted in 1987, computers are “everywhere but in the productivity statistics.” Since then, the so-called productivity paradox has become ever more striking. Automation has eliminated many jobs. Robots and artificial intelligence now seem to promise (or threaten) yet more radical change. Yet productivity growth has slowed across the advanced economies; in Britain, labor is no ...

  2. Business and economy

    Understanding the productivity puzzle

    by Howard Davies*

    IT
    24 Exclusive content for IT24

    In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. The figures are stark, particularly so in the United Kingdom, but also across the OECD. And while it goes without saying that economists have many ingenious explanations to offer, none has yet proved persuasive enough to create a ...

  3. European view

    Return to the Lira? A long-run view

    by John H Cochrane

    IT
    24 Exclusive content for IT24

    Should Italy have her own currency, and run her own monetary policy? For today, let’s focus on the long-run question, leaving out for now the transition and any immediate ...

  4. Business and economy

    Despite decline in industrial potential, Italy's productivity and exports are faring well

    by Paolo Bricco

    IT
    24 Exclusive content for IT24

    Between 2007 and 2016 – according to the latest estimates by Sergio De Nardis, director of the macroeconomic analysis department of the Parliamentary Budgetary Office – Italy’s industrial potential has decreased by 19.5%, while Germany’s has risen by 6.5 percentage points. Despite this decline, our exports have been in excess of €400 billion, the overall productivity of our manufacturing enterprises has gone back ...

  5. Government policies

    A country stuck in low growth, an anomaly that cannot endure

    by Guido Gentili

    IT
    24 Exclusive content for IT24

    It could either be a lifetime occasion, a window opening on the future: Italy finds again its path to growth, leaving behind a past of crisis and scepticism. Or it could just be a delay: Italy gains (little) time, but not growth, remaining prisoner of the past and of its historical and now unsustainable, let alone sanctionable, anomaly. The European judgment on the Italian reform program for 2016 and its future prospects have ...