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Regional convergence in Italy, 1891–2001: testing human and social capital

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Author Info

  • Emanuele Felice

    ()
    (Autonomous University of Barcelona, Bellaterra (Cerdanyola del Vallès), Barcelona, Spain)

Abstract

The article aims to present and discuss estimates of levels of human and social capital in Italy’s regions over the long term, i.e., roughly from the second half of the nineteenth century up to the present day. The results are linked to newly available evidence for regional value added in order to begin to form an explanatory hypothesis of long-term regional inequality in Italy: convergence in value added per capita is tested in light of the neoclassical exogenous growth approach, which incorporates human capital and social capital as conditioning variables into a long-term production function. In contrast with conventional wisdom (e.g. Putnam 1993), we find that social capital was not a significant predictor of economic growth in post-Unification Italy: It grew in importance only in the last decades. Conversely, human capital was more important in the first half of the twentieth century. Results suggest that there was not one single conditioning variable over the long run, thus supporting the view that, in different periods, conditioning variables can be determined by technological regimes.

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File URL: http://dx.doi.org/10.1007/s11698-011-0076-1
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Bibliographic Info

Article provided by Association Française de Cliométrie (AFC) in its journal Cliometrica, Journal of Historical Economics and Econometric History.

Volume (Year): 6 (2012)
Issue (Month): 3 (October)
Pages: 267-306

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Handle: RePEc:afc:cliome:v:6:y:2012:i:3:p:267-306

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Web page: http://www.cliometrie.org
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Related research

Keywords: Italy; Regions; Convergence; Human capital; Social capital;

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. On the many failures of (southern) Italy to catch up
    by missiaia in NEP-HIS blog on 2014-01-20 12:57:07
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Gabriele Cappelli, 2013. "Escaping from a human capital trap? Italy’s regions and the move to centralized primary schooling, 1861 - 1936," Department of Economics University of Siena 688, Department of Economics, University of Siena.
  2. Pablo Martinelli, 2012. "Von Thünen South of the Alps : Access to Markets and Interwar Italian Agriculture," Working Papers in Economic History wp12-12, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  3. Emanuele Felice & Michelangelo Vasta, 2012. "Passive Modernization? The New Human Development Index and Its Components in Italy’s Regions (1871-2007)," UHE Working papers 2012_10, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
  4. Emanuele Felice, 2013. "Regional income inequality in Italy in the long run (1871–2001). Patterns and determinants," UHE Working papers 2013_08, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
  5. Felice, Emanuele, 2014. "Il Mezzogiorno fra storia e pubblicistica. Una replica a Daniele e Malanima
    [Southern Italy between history and journalistic books. A reply to Daniele and Malanima]
    ," MPRA Paper 55830, University Library of Munich, Germany.
  6. Emanuele Felice & Giovanni Vecchi, 2012. "Italy’s Modern Economic Growth, 1861-2011," Department of Economics University of Siena 663, Department of Economics, University of Siena.

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