This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Exports, Supply Constraints and Growth: An Investigation using Regional Data

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Salvatore D'acunto
Sergio Destefanis
Marco Musella

Additional information is available for the following registered author(s):

Abstract

In this work we first model the role of demand- and supply-side factors (labour market adjustment, productive efficiency) in explaining economic growth. Empirically testing the model, we evaluate why different growth regimes may appear in the 20 Italian administrative regions. This exercise uses a two-stage econometric approach. Estimates for the elasticity of manufacturing output to exports are obtained from regional time series: a significant long-run relationship indicates the existence of a demand-constrained growth regime. We then ascertain whether the regional dispersion of supply-side factors has an impact on the regional dispersion of growth regimes. The empirical evidence supports our expectations of strong regional differences. Southern regions are less likely to display demand-constrained regimes. In explanation of these differences, second-stage analysis reveals that a strong role is played by such efficiency-enhancing factors as technological innovation, bank diffusion and 'social capital’. No role is found for labour market rigidities.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://taylorandfrancis.metapress.com/link.asp?target=contribution&id=RXPMKUN2HECXL1C4
File Format: text/html
File Function:
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Taylor and Francis Journals in its journal International Review of Applied Economics.

Volume (Year): 18 (2004)
Issue (Month): 2 (April)
Pages: 167-189
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:taf:irapec:v:18:y:2004:i:2:p:167-189

Contact details of provider:
Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=102219

Order Information:
Web: http://www.tandf.co.uk/journals/subscription.html

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: Export-led growth; supply-constrained growth; dualistic development; long-run relationships;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Raffaele Paci & Stefano Usai, 1998. "Technological enclaves and industrial districts: An analysis of the regional distribution of innovative activity in Europe," ERSA conference papers ersa98p461, European Regional Science Association. [Downloadable!]
    Other versions:
  2. Clive, W.J. & Lin, Jin-Lung, 1995. "Causality in the Long Run," Econometric Theory, Cambridge University Press, vol. 11(03), pages 530-536, June. [Downloadable!]
  3. McCombie, J S L, 1985. "Economic Growth, the Harrod Foreign Trade Multiplier and the Hicks Super-multiplier," Applied Economics, Taylor and Francis Journals, vol. 17(1), pages 55-72, February.
  4. Nadia NETTI & Domenico SARNO, 1998. "Differenziali di efficienza ed impatto dell'"ambiente" sui costi di produzione dell'impresa meridionale," Rivista Italiana degli Economisti, SIE - Societa' Italiana degli Economisti (I), vol. 1(3), pages 55-82, April. [Downloadable!] (restricted)
  5. Paul Krugman, 1989. "Differences In Income Elasticities and Trends in Real Exchange Rates," NBER Working Papers 2761, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Faini, Riccardo, 1999. "Trade unions and regional development," European Economic Review, Elsevier, vol. 43(2), pages 457-474, February. [Downloadable!] (restricted)
  7. Lodde, Sergio, 1999. "Education and growth; some disaggregated evidence from the Italian regions," ERSA conference papers ersa99pa117, European Regional Science Association. [Downloadable!]
  8. John W. Dawson & Joseph P. Dejuan & John J. Seater & E. Frank Stephenson, 2001. "Economic information versus quality variation in cross-country data," Canadian Journal of Economics, Canadian Economics Association, vol. 34(4), pages 988-1009, November. [Downloadable!] (restricted)
  9. James Tobin, 1997. "Supply Constraints on Employment and Output: NAIRU Versus Natural Rate," Cowles Foundation Discussion Papers 1150, Cowles Foundation, Yale University. [Downloadable!]
  10. Thirlwall, A P, 1986. "Balance of Payments Constrained Growth: A Reply," Applied Economics, Taylor and Francis Journals, vol. 18(12), pages 1259-63, December.
  11. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326. [Downloadable!]
  12. repec:cup:etheor:v:11:y:1995:i:3:p:530-36 is not listed on IDEAS
  13. Pesaran, M.H. & Shin, Y., 1995. "An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis," Cambridge Working Papers in Economics 9514, Faculty of Economics, University of Cambridge.
  14. Juselius, Katarina, 1993. "VAR Modelling and Haavelmo's Probability Approach to Macroeconomic Modelling," Empirical Economics, Springer, vol. 18(4), pages 595-622.
    Other versions:
  15. Dixon, R & Thirlwall, A P, 1975. "A Model of Regional Growth-Rate Differences on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 27(2), pages 201-14, July. [Downloadable!] (restricted)
  16. Thirlwall, A P, 1986. "A General Model of Growth and Development on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 38(2), pages 199-219, July. [Downloadable!] (restricted)
  17. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October. [Downloadable!] (restricted)
    Other versions:
  18. Pesaran, M H & Smith, R P & Yeo, J S, 1985. "Testing for Structural Stability and Predictive Failure: A Review," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 53(3), pages 280-95, September.
  19. Kaldor, Nicholas, 1970. "The Case for Regional Policies," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(3), pages 337-48, November.
  20. North, Douglass C, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter. [Downloadable!] (restricted)
  21. Faini, R. & Galli, G. & Giannini, C., 1992. "Finance and Development : the Case of Southern Italy," Papers 170, Banca Italia - Servizio di Studi.
    Other versions:
  22. Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November. [Downloadable!] (restricted)
  23. Brunello, Giorgio & Lupi, Claudio & Ordine, Patrizia, 2001. "Widening differences in Italian regional unemployment," Labour Economics, Elsevier, vol. 8(1), pages 103-129, January. [Downloadable!] (restricted)
  24. Lucio Picci, 1999. "Productivity and Infrastructure in the Italian Regions," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 58(3-4), pages 329-353, December.
    Other versions:
Full references

Statistics
Access and download statistics

Did you know? Over five million full texts a year are downloaded through IDEAS.

This page was last updated on 2009-11-14.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.