TY - JOUR AU - DE MEO, G. PY - 2014/02/19 Y2 - 2024/03/29 TI - Productivity and the distribution of income to factors in Italy (1951-63) JF - PSL Quarterly Review JA - PSL QR VL - 19 IS - 76 SE - Editorial DO - 10.13133/2037-3643/11641 UR - https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11641 SP - AB - <!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:PixelsPerInch>72</o:PixelsPerInch> <o:TargetScreenSize>1024x768</o:TargetScreenSize> </o:OfficeDocumentSettings> </xml><![endif]--><p class="Default" style="text-align: justify;"><span style="font-size: 12.0pt;" lang="EN-US">The article illustrates synthetically the main conclusions of a study on productivity and income distribution in </span><span style="font-size: 12.0pt;" lang="EN-US">Italy</span><span style="font-size: 12.0pt;" lang="EN-US"> in the period 1951-63. The author considers partial and total productivity, total productivity measures, distribution of income factors, income from dependent labour and saving, output, total productivity, technical progress and capital intensity, disaggregation of technical progress, the capital-output ratio, changes in the demand structure, and income per unit of labour and per unit of capital. It is shown that the very considerable rise in productivity and real wages, as well as in employment, is the most significant feature of the prodigious progress made by the Italian economic system in recent years. Some policy implications are provided in the concluding remarks.</span></p><p class="Default" style="text-align: justify;"><span style="font-size: 12.0pt;" lang="EN-US"><br /></span></p><p class="Default" style="text-align: justify;"><span style="font-size: 12.0pt;" lang="EN-US">JEL: E24, J24</span></p><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:HyphenationZone>14</w:HyphenationZone> <w:Compatibility> <w:BreakWrappedTables /> <w:SnapToGridInCell /> <w:WrapTextWithPunct /> <w:UseAsianBreakRules /> </w:Compatibility> <w:DoNotOptimizeForBrowser /> </w:WordDocument> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id=ieooui></object> <style>st1\:*{behavior:url(#ieooui) }</style> <![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabella normale"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0pt 5.4pt 0pt 5.4pt; mso-para-margin:0pt; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";}</style> <![endif]--> ER -