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Income distribution dynamics among Italian provinces. The role of Bank Foundations

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  • Giorgio Calcagnini
  • Francesco Perugini

Abstract

This paper investigates the convergence process and the distribution dynamics of income among Italian NUTS-3 provinces between 2003 and 2011. Findings show the existence of multiple steady-state equilibria which is consistent with the well-documented persistence in income disparities among Italian provinces. The role of grant-making activities by Bank Foundations is assessed on a conditioning scheme. Results suggest that Bank Foundations can affect the shape of the distribution of income and, in the long run, reduce polarization with a tendency for income to collapse towards a unimodal distribution.

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  • Giorgio Calcagnini & Francesco Perugini, 2019. "Income distribution dynamics among Italian provinces. The role of Bank Foundations," Applied Economics, Taylor & Francis Journals, vol. 51(29), pages 3198-3211, June.
    • Handle: RePEc:taf:applec:v:51:y:2019:i:29:p:3198-3211
    DOI: 10.1080/00036846.2019.1572866
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    Cited by:

    1. Francesco Perugini, 2023. "Space–time analysis of entrepreneurial ecosystems," The Journal of Technology Transfer, Springer, vol. 48(1), pages 240-291, February.
    2. Leone Leonida, 2024. "Visualizing Convergence Dynamics across Regions and States: h -Convergence," Mathematics, MDPI, vol. 12(2), pages 1-17, January.
    3. Roberto Antonietti & Chiara Burlina, 2019. "From variety to economic complexity: empirical evidence from Italian regions," Papers in Evolutionary Economic Geography (PEEG) 1930, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2019.
    4. Calcagnini, Giorgio & Marin, Giovanni & Perugini, Francesco, 2021. "Labour flexibility, internal migration and productivity in Italian regions," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 308-320.
    5. Roberto Antonietti & Chiara Burlina, 2023. "Exploring the entropy-complexity nexus. Evidence from Italy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 257-283, April.
    6. L. V. Dorofeeva & N. A. Roslyakova, 2022. "Transformations of the Socio-Economic Space of Regions: International Experience and Main Trends," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.

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