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Regional Disparities and the Italian NAIRU

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  • Brunello, Giorgio
  • Lupi, Claudio
  • Ordine, Patrizia

Abstract

In this paper we estimate the Italian NAIRU using annual data for the period 1951-96. We find evidence consistent with aggregate wage setting in Italy depending only on the rate of unemployment prevailing in the Northern and Central areas of the country. There is evidence supporting the presence of a long-run cointegrating relationship among unemployment in the Northern and Central areas, the tax wedge, the real interest rate and a measure of union power. The response of unemployment to exogenous shocks is sluggish, suggesting that persistence is an important feature of the Italian labor market. Copyright 2000 by Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 52 (2000)
Issue (Month): 1 (January)
Pages: 146-77

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Handle: RePEc:oup:oxecpp:v:52:y:2000:i:1:p:146-77

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Cited by:
  1. Lucio R. Pench & Paolo Sestito & Elisabetta Frontini, 1999. "Some unpleasant arithmetics of regional unemployment in the EU. Are there any lessons for EMU?," European Economy - Economic Papers 134, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Carla Massidda & Paolo Mattana, 2008. "Regional productivity and relative prices dynamics: the case of Italy," The Annals of Regional Science, Springer, vol. 42(4), pages 945-966, December.
  3. Giorgio Canarella & Stephen M. Miller & Stephen K. Pollard, 2013. "Unemployment Rate Hysteresis and the Great Recession: Exploring the Metropolitan Evidence," Working papers 2013-19, University of Connecticut, Department of Economics.
  4. Lupi, Claudio, 2011. "Panel-CADF Testing with R: Panel Unit Root Tests Made Easy," Economics & Statistics Discussion Papers esdp11063, University of Molise, Dept. SEGeS.
  5. Matteo Lanzafame, 2010. "The nature of regional unemployment in Italy," Empirical Economics, Springer, vol. 39(3), pages 877-895, December.
  6. Marco Manacorda & Barbara Petrongolo, 2005. "Regional Mismatch and Unemployment: Theory and Evidence from Italy, 1977-1998," CELPE Discussion Papers 90, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
  7. Luis Eduardo Arango & Carlos Esteban Posada, . "El Desempleo en Colombia," Borradores de Economia 176, Banco de la Republica de Colombia.
  8. Bruno, Giancarlo & Lupi, Claudio, 2003. "Forecasting Euro-Area Industrial Production Using (Mostly) Business Surveys Data," MPRA Paper 42332, University Library of Munich, Germany.
  9. Brunello, Giorgio & Labartino, Giovanna, 2014. "Regional differences in overweight rates: The case of Italian regions," Economics & Human Biology, Elsevier, vol. 12(C), pages 20-29.
  10. Giorgio Brunello & Claudio Lupi & Patrizia Ordine, 2005. "Labor Taxes in Local Labor Markets: Evidence from Italian Regions," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 64(1), pages 29-54, September.
  11. Bruno, Giancarlo & Malgarini, Marco, 2002. "An Indicator of Economic Sentiment for the Italian Economy," MPRA Paper 42331, University Library of Munich, Germany.
  12. Vincenzo Di Maro, 2002. "Il NAIRU: la stima e l’effetto della riallocazione settoriale permanente dell’occupazione," Rivista di Politica Economica, SIPI Spa, vol. 92(6), pages 69-110, November-.
  13. Piero, Casadio, 2003. "Wage formation in the Italian private sector after the 1992-93 income policy agreements," MPRA Paper 29396, University Library of Munich, Germany.
  14. Brunello, Giorgio & Lupi, Claudio & Ordine, Patrizia, 2001. "Widening differences in Italian regional unemployment," Labour Economics, Elsevier, vol. 8(1), pages 103-129, January.
  15. Camilo Alberto Cárdenas Hurtado & María Alejandra Hernández Montes & Jhon Edwar Torres Gorron, 2014. "An Exploratory Analysis of Heterogeneity on Regional Labour Markets and Unemployment Rates in Colombia: An MFACT approach," Borradores de Economia 802, Banco de la Republica de Colombia.
  16. Feldmann, Horst, 2012. "Real interest rate and labor market performance in developing countries," Economics Letters, Elsevier, vol. 117(1), pages 200-203.
  17. Marianna Belloc & Riccardo Tilli, 2010. "Gender Unemployment Catching-up: Empirical Evidence from Italian Regions," CESifo Working Paper Series 3300, CESifo Group Munich.
  18. Mauro Costantini & Claudio Lupi, 2006. "Divergence and long-run equilibria in Italian regional unemployment," Applied Economics Letters, Taylor & Francis Journals, vol. 13(14), pages 899-904.
  19. repec:ebl:ecbull:v:10:y:2002:i:2:p:1-8 is not listed on IDEAS

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