Suchergebnisse

The paper proposes a quantitative assessment of the impact of demand side factors, i.e. growth, composition and distribution of income, in the determination of changes in the aggregate balance of employment. The level of employment warranted in a system is here derived from the application of a simple scheme which we have called, following the seminal contribution of Richard Kahn in 1931, the "employment multiplier". Starting from an accounting identity between the values of aggregate supply and demand, a level of warranted employment is derived, given the labour coefficient and the deflated values of final demand, in which autonomous components are distinguished from an induced component, this latter depending on total labour income. The variations, over decades and cycles, of aggregate employment for seven OECD countries (France, Italy, Japan, Sweden, United Kingdom, United States and West Germany,), from 1960 onwards, are then analysed and decomposed into the effects of the contributions of three components: growth of average productivity of labour, of "autonomous" demand, and of the "multiplier", a term which summarises the impact of wage share and consumption propensity on induced demand and again on the level of overall employment.

Cover -- Half Title -- Dedication -- Title Page -- Copyright Page -- Table of Contents -- List of Contributors -- Preface -- Part I: Growth Patterns and Structural Features -- 1 Italy's First Phase of Postwar Development: The Role of Aggregate Demand -- Comment -- 2 The Italian Economy after the Bretton Woods Era (1971-2001) -- 3 The Italian Labour Market and Production System: Structural Features and Main Developments -- Comment -- Part II: Aspects of a Dual Economy -- 4 Old and New Dualisms in the Italian Labour Market -- Comment -- 5 Development Policies in the Italian Mezzogiorno: Lessons from the Past -- 6 Rethinking Development Policies in Italy -- 7 Evolution of Production Structure in the Italian Regions -- Comment -- Part III: Corporate Governance and Industrial Organization -- 8 Continuity and Change in Italian Corporate Governance: The Institutional Stability of One Variety of Capitalism -- 9 Production Outsourcing in Italian Manufacturing Industry -- Comment -- 10 Italian Districts in the International Economy -- Comment -- 11 Banking System and the Dualistic Development of the Italian Economy -- Comment -- Part IV: Social Institutions and Networks -- 12 The Fiscal Decentralization and the Autonomy of the Local Government -- Comment -- 13 The Italian Third Sector: An Overview at the Beginning of the Century -- Comment -- 14 The Family and Social Networks in the Socio-Economic Development of Italy -- Comment -- 15 The Italian Welfare System Between the European Unification and the Globalization Processes: A Suggested Interpretation -- Comment -- Index.