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Regional inequalities, economic crises and policies: an international panel analysis

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  • Davide Furceri
  • Fabio Mazzola
  • Pietro Pizzuto

Abstract

This paper examines the effects of economic downturns on regional inequalities. In a sample of 25 OECD countries for 1990–2014 period, we show that economic downturns are associated with a significant and long-lasting reduction in regional inequalities. Expansionary fiscal policy as well as higher share of the European development (cohesion) funds facilitate the response of lagging regions to negative nation-wide shocks, contributing to further stimulate the reduction in regional disparities. Additional evidence suggests that the effect of downturns tends to be larger in economies with a higher initial level of regional disparities in unemployment and human capital endowment.

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  • Davide Furceri & Fabio Mazzola & Pietro Pizzuto, 2022. "Regional inequalities, economic crises and policies: an international panel analysis," Applied Economics, Taylor & Francis Journals, vol. 54(4), pages 484-505, January.
    • Handle: RePEc:taf:applec:v:54:y:2022:i:4:p:484-505
    DOI: 10.1080/00036846.2021.1963414
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    Cited by:

    1. Fabio Mazzola & Pietro Pizzuto & Giovanni Ruggieri, 2022. "Tourism and territorial growth determinants in insular regions: A comparison with mainland regions for some European countries (2008–2019)," Papers in Regional Science, Wiley Blackwell, vol. 101(6), pages 1331-1382, December.

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