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UID:927c9af3391ef908271af546abafdf4b
CATEGORIES:Seminars
CREATED:20171229T173142
SUMMARY:Lunch Seminar: Fabiano Schivardi - LUISS Guido Carli & EIEF
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:The IT Revolution and Italy’s Two Lost Decades (with Tom Schmitz)\nAbstract
 : \nSince the middle of the 1990s, real GDP per worker has been growing muc
 h more slowly in Italy than in other developed countries. In this paper, we
  analyze how much the IT Revolution has contributed to this divergence. Fir
 m-level evidence shows low adoption and unproductive use of IT in Italy, an
 d suggests that this is due to inefficient management practices. To analyze
  the quantitative importance of these phenomena, we build a general equilib
 rium model with heterogeneous firms and workers, migration, management and 
 IT adoption choices. We use this model to compare two countries, Italy and 
 Germany, which we assume differ only in their level of management efficienc
 y. Our calibrated model, disciplined by the firm-level evidence, suggests t
 hat the growth triggered by the IT Revolution in Italy represents only arou
 nd XX% of the corresponding figure for Germany. Therefore (depending on the
  assumptions regarding the aggregate impact of IT in Germany), the IT Revol
 ution is responsible for between XX% and XX% of the divergence in Italy’s a
 nd Germany’s GDP per worker between 1995 and 2015. In Italy, lower manageme
 nt efficiency has limited the productivity gains from IT and become a more 
 salient problem as IT increased the aggregate importance of managers. It ha
 s also limited the wage increases of high-skilled workers, and therefore pu
 shed more of them to emigrate.\n\n\n\n
DTSTAMP:20260427T195055Z
DTSTART:20171212T130000Z
DTEND:20171212T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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