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L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)

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  • Ferdinando Ofria

    ()
    (Università degli Studi di Messina)

Abstract

This study empirically investigates the Kaldor-Verdoorn Law for the Agriculture, Constructions, Industry (narrowly-defined) and Marketable Services sectors of the Centre-North and Southern parts of Italy. Differently from previous studies about the Italian economy, this paper considers the Agriculture and Constructions sectors, both for the Centre-North and the South of Italy. Moreover, the Law is tested using data over a very long time-period (1951- 2006), also including recent years. The results confirm the explanatory power of the Law, in particular for the Industry of both areas.

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Bibliographic Info

Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): (2009)
Issue (Month): 1 (January-March)
Pages: 179-207

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Handle: RePEc:rpo:ripoec:y:2009:i:1:p:179-207

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Related research

Keywords: Kaldor-Verdoorn law; labour productivity; increasing returns to scale; Italian economy;

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References

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  1. Romina Gambacorta, 2004. "Il dibattito sulla legge di Verdoorn: alcuni risultati empirici usando l’analisi di cointegrazione," Rivista di Politica Economica, SIPI Spa, vol. 94(3), pages 251-, May-June.
  2. McCombie, J S L & de Ridder, J R, 1984. ""The Verdoorn Law Controversy": Some New Empirical Evidence Using U.S. State Data," Oxford Economic Papers, Oxford University Press, vol. 36(2), pages 268-84, June.
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  15. Ofria Ferdinando, 1997. "Una verifica empirica della "legge di Verdoorn" per il Centro-Nord e il Mezzogiorno (anni 1951-1992)," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 2, pages 497-520.
  16. A. Di Liberto & J. Symons, 1998. "Human capital stocks and the development of Italian regions. A panel approach," Working Paper CRENoS 199804, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  17. Matsuyama, Kiminori, 1991. "Increasing Returns, Industrialization, and Indeterminacy of Equilibrium," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 617-50, May.
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  19. Miguel Leon-Ledesma, 2000. "Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-91," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(1), pages 55-69.
  20. Metcalfe, J S & Hall, P H, 1983. "The Verdoorn Law and the Salter Mechanism: A Note on Australian Manufacturing Industry," Australian Economic Papers, Wiley Blackwell, vol. 22(41), pages 364-73, December.
  21. Ofria Ferdinando, 1998. "L'analisi empirica della produttività nell'industria italiana e divari territoriali: una rassegna della letteratura," L'industria, Società editrice il Mulino, issue 1, pages 81-110.
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Citations

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Cited by:
  1. Martinho, Vítor João Pereira Domingues, 2011. "What the keynesian theory said about Portugal?," MPRA Paper 32610, University Library of Munich, Germany.
  2. Giorgio Fazio & Enza Maltese & Davide Piacentino, 2013. "Estimating Verdoorn law for Italian firms and regions," Letters in Spatial and Resource Sciences, Springer, vol. 6(1), pages 45-54, March.
  3. Centorrino M. & Ofria F. & Farinella D., 2010. "Convergence and divergence processes between the Mezzogiorno and the Centre- North ten years after the adoption of the EMU," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 3, pages 453-486.
  4. Emanuele Millemaci & Ferdinando Ofria, 2014. "Kaldor-Verdoorn's law and increasing returns to scale: A comparison across developed countries," Journal of Economic Studies, Emerald Group Publishing, vol. 41(1), pages 140 - 162, January.
  5. Ferdinando Ofria, 2012. "Twelve Years on from the Adoption of the Emu: An Ex-Post Assessment on the Process of Convergence of Southern and Central-Northern Italy," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 326-339, May.

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