Papers by Pasquale Tridico
The objective of this paper is to show that the current global economic crisis, into which Italy ... more The objective of this paper is to show that the current global economic crisis, into which Italy also fell in 2008, represents just the last step of a long declining path for the Italian economy which began in the 1990s, or to be more precise in
1992 and 1993. It is argued that the reasons that explain the long Italian decline, and partly also the deeper recession today, as well as the lack of recovery from the current crisis, can be found in the past reforms of the labour market. In particular, the labour flexibility introduced in the last 15 years had, along with other policies introduced in parallel, cumulative negative consequences on the inequality, on the consumption, on the aggregate demand, on the labour productivity and on the GDP dynamics.
This article thoroughly investigates how the United States and Japan managed relatively better th... more This article thoroughly investigates how the United States and Japan managed relatively better than Europe to emerge from the crisis that caused a deep recession in 2009. The author also proposes a new political agenda for the European area, as he calls it, which would favor economic recovery and sustainable development in the next decade, similar to that witnessed by the other two countries.
L’obiettivo di questo lavoro è duplice. Innanzitutto cercheremo di descrivere la relazione, se e... more L’obiettivo di questo lavoro è duplice. Innanzitutto cercheremo di descrivere la relazione, se esiste, tra il regime di contrattazione del salario e le perfomance di produttività, sia attraverso un confronto europeo che un focus sull’Italia. Una parte consistente della letteratura sostiene che, in generale, il salario variabile, attraverso le sue varie forme di incentivi salariali, bonus, retribuzioni di risultato e cottimo si trovi in una relazione positiva rispetto alle perfomance della produttività. Tuttavia, l’evidenza empirica sembra contrastare con quest’affermazione. Nel nostro studio si rileva che i paesi con livelli di produttività più alti in Europa utilizzano meno le forme di salario variabile, che di contro sembrano essere leve utilizzate maggiormente nei paesi dell’Europa Centro-Orientale e nei paesi dell’Europa mediterranea, proprio per alzare il salario complessivo che è generalmente più basso. In particolare, nel caso italiano, dove queste forme di salario variabile sono relativamente più diffuse rispetto al resto d’Europa, la perfomance della produttività, specialmente negli ultimi due decenni, è stata particolarmente negativa. Da ciò discende, ed ecco il secondo obiettivo, la nostra proposta di un accordo quadro di contrattazione al secondo livello, con la fissazione ex-ante di obiettivi di produttività a cui legare le forme di salario variabile, sulla scia di altre proposte che vanno nella stessa direzione (Fadda 2009, Ciccarone 2009, Messori 2012, Antonioli e Pini 2013).
Institutions and Development After the Financial Crisis (eds. S. Fadda and P. Tridico), 2014
The aim of this paper is to trace, comparatively, the path of both development and democracy amon... more The aim of this paper is to trace, comparatively, the path of both development and democracy among Former Soviet Republics (FSRs) and Central Eastern European Countries (CEECs). Democracy is defined using the concept of Dahl (1971) who refers to “contestation” as the essential feature of democracy. Development is identified with the general progress of human beings (Ray, 1998), which can be better captured by the Human Development Index, and which does not include income improvements only. I assume that democratic institutions come from the middle class and social capital. In CEECs a higher level of social capital and a more consistent middle class than in FSRs generate better democratic institutions and consequently higher levels of human development. This hypothesis will be tested through a sample of 28 Former Communist Economies (FCEs) during the last 20 years of transformation since the fall of Berlin Wall in 1989.► I compare the path of both development and democracy among Former Communist Economies. ► Democratic institutions come from the middle class and social capital (MC & SC). ► Then, human development is a consequence of democracy plus MC & SC. ► In CEEC social capital, middle class and democracy is a higher than in FSR. ► Therefore human development is higher in CEEC than in FSR.
Working Paper n° 130, 2011 2 I Working Papers del Dipartimento di Economia svolgono la funzione d... more Working Paper n° 130, 2011 2 I Working Papers del Dipartimento di Economia svolgono la funzione di divulgare tempestivamente, in forma definitiva o provvisoria, i risultati di ricerche scientifiche originali. La loro pubblicazione è soggetta all'approvazione del Comitato Scientifico.
I Working Papers di ASTRIL svolgono la funzione di divulgare tempestivamente, in forma definitiva... more I Working Papers di ASTRIL svolgono la funzione di divulgare tempestivamente, in forma definitiva o provvisoria, i risultati di ricerche scientifiche originali. La loro pubblicazione è soggetta all'approvazione del Comitato Scientifico. esemplare fuori commercio ai sensi della legge 14 aprile 2004 n.106
The objective of this paper is to explore why some countries perform better than others in managi... more The objective of this paper is to explore why some countries perform better than others in managing the current economic crisis, which started in 2007 in the US financial sector. I will elaborate on this question using the Crisis Management Index, taking into consideration GDP and labour market performance among European Union member states. My findings conclude that countries which performed better during the economic crisis of 2007-2011 are countries which do not have a flexible labour market and have managed to keep stable employment levels. These countries combine a very good mix of economic policies and social institutions oriented to stabilize the level of consumption and the aggregate demand. Coordination mechanisms, higher level of financial regulation and monitoring are also important features of these economies. Clearly, this group of countries identifies better, in the EU, a coordinated market economy model.
The objective of this paper is to explore why some countries perform better than others in managi... more The objective of this paper is to explore why some countries perform better than others in managing the current economic crisis, which started in 2007 in the US financial sector. I will elaborate on this question using the Crisis Management Index, taking into consideration GDP and labour market performance among European Union member states. My findings conclude that countries which performed better during the economic crisis of 2007-2011 are countries which do not have a flexible labour market and have managed to keep stable employment levels. These countries combine a very good mix of economic policies and social institutions oriented to stabilize the level of consumption and the aggregate demand. Coordination mechanisms, higher level of financial regulation and monitoring are also important features of these economies. Clearly, this group of countries identifies better, in the EU, a coordinated market economy model.
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Papers by Pasquale Tridico
1992 and 1993. It is argued that the reasons that explain the long Italian decline, and partly also the deeper recession today, as well as the lack of recovery from the current crisis, can be found in the past reforms of the labour market. In particular, the labour flexibility introduced in the last 15 years had, along with other policies introduced in parallel, cumulative negative consequences on the inequality, on the consumption, on the aggregate demand, on the labour productivity and on the GDP dynamics.
1992 and 1993. It is argued that the reasons that explain the long Italian decline, and partly also the deeper recession today, as well as the lack of recovery from the current crisis, can be found in the past reforms of the labour market. In particular, the labour flexibility introduced in the last 15 years had, along with other policies introduced in parallel, cumulative negative consequences on the inequality, on the consumption, on the aggregate demand, on the labour productivity and on the GDP dynamics.
Thursday, 25 June 2015
9.00 – 10.45 PARALLEL SESSIONS “A”
10.45 – 11.15 coffee break
11.15 – 13.00 PARALLEL SESSIONS “B”
13.00 – 14.15 lunch break
14.15 – 14.30 PLENARY OPENING OF THE WORLD CONGRESS
14.30 – 16.15 KEYNOTE SPEAKER PROFESSOR AVNER GRIEF: The social organization of cooperation and comparative economics (chaired by J.C. Brada)
16.15 – 16.45 coffee break
16.45 – 18.30 PARALLEL SESSIONS “C”
18.30 – 20.00 Cocktails
Friday, 26 June 2015
9.00 – 10.45 PARALLEL SESSIONS “D”
10.45 – 11.15 coffee break
11.15 – 13.00 PARALLEL SESSIONS “E”
13.00 – 14.15 lunch break
14.15 – 16.00 ROUND TABLE 1: If institutions are so important, why do we talk so much about economic policies? (chaired by M. Signorelli)
16.00 – 16.30 coffee break
16.30 – 18.15 PARALLEL SESSIONS “F”
18.30 Departure for the Congress dinner venue (by walking and by metro)
19.00 – 22.30 Congress dinner
Saturday, 27 June 2015
9.00 - 10.45 PARALLEL SESSIONS “G”
10.45 - 11.15 coffee break
11.15 - 12.45 ROUND TABLE 2: Growing role of emerging markets and economies in the global economy: is it sustainable? (chaired by P.Tridico)