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Long-run trends in internal migrations in italy: a study in panel cointegration with dependent units

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  • Stefano Fachin

    (University of Rome 'La Sapienza', Italy)

Abstract

The objective of this paper is to examine the long-run determinants of internal migrations from southern Italy. In order to accomplish this task, the paper develops a bootstrap test for panel cointegration analysis with dependent units. Monte Carlo simulations show that the test, based on the Continuous-Path Block bootstrap, has good power and size properties and is robust to both short- and long-run dependence across units. The empirical analysis points to income in the sending region as a key factor of the decline of migrations, with unemployment and income differentials playing only a minor role. Copyright © 2007 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jae.907
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File URL: http://qed.econ.queensu.ca:80/jae/2007-v22.2/
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 22 (2007)
Issue (Month): 2 ()
Pages: 401-428

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Handle: RePEc:jae:japmet:v:22:y:2007:i:2:p:401-428

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