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Interest Rates and Convergence across Italian Regions

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Author Info

  • Sheila Dow
  • Alberto Montagnoli
  • Oreste Napolitano

Abstract

D ow S., M ontagnoli A. and N apolitano O. Interest rates and convergence across Italian regions, Regional Studies . The purpose of this paper is to investigate the evidence for economic convergence across Italian regions using trends in interest rate spreads and premia as indicators of regional credit conditions. The results indicate the presence of persistent interest rate differentials, and thus an absence of convergence across the twenty political regions, but a high degree of convergence is observed within the four macroeconomic areas. D ow S., M ontagnoli A. and N apolitano O. 意大利区域的利息率&# x4E0E;收敛,区域研究。 F7F;用利率差以及风险۪ 2;价作为区域信用状况 的指标,本文考察了&# x610F;大利区域经济收敛 6F8;关的证据。结果表٠ E;存在着持续的利率差 ,也因此在20个政区之 间没有出现经济收敛&# xFF0C;但在四个宏观经济 33A;之间发现了了较高ޠ B;度的经济收敛。 利率 单根 面板数&# x636E; 收敛 意大利 D ow S., M ontagnoli A. et N apolitano O. Les taux d'intérêt et la convergence à travers les régions italiennes, Regional Studies . A partir des tendances des marges d'intérêt sur les crédits et des primes sur les taux d'intérêt comme indicateurs des conditions de crédit régionales, cet article cherche à examiner les raisons en faveur de la convergence à travers les régions italiennes. Les résultats laissent voir la présence des différentiels de taux d'intérêt et, par la suite, un manque de convergence à travers les vingt régions administratives, mais on constate un niveau élevé de convergence au sein des quatre zones macro-économiques. Taux d'intérêt Racine unitaire Echantillon permanent Convergence Italie D ow S., M ontagnoli A. und N apolitano O. Zinssätze und Konvergenz in italienischen Regionen, Regional Studies . In diesem Beitrag untersuchen wir anhand der Trends bei den Zinsspannen und Prämien als Indikatoren der regionalen Kreditbedingungen die Belege für eine wirtschaftliche Konvergenz in den italienischen Regionen. Die Ergebnisse lassen auf die Präsenz von persistierenden Differenzialen bei den Zinssätzen und somit auf die Abwesenheit einer Konvergenz innerhalb der 20 politischen Regionen schließen, wohingegen innerhalb der vier makroökonomischen Gebiete ein hohes Maß an Konvergenz beobachtet wird. Zinssätze Einheitswurzel Paneldaten Konvergenz&# x2003;Italien D ow S., M ontagnoli A. y N apolitano O. Tipos de interés y convergencia en las regiones italianas, Regional Studies . La finalidad de este artículo es investigar las evidencias de la convergencia económica en las regiones italianas a partir de las tendencias en los diferenciales del tipo de interés y las primas como indicadores de las condiciones del crédito regional. Los resultados indican la presencia de diferenciales persistentes del tipo de interés y, por tanto, una ausencia de convergencia en las veinte regiones políticas, aunque se observa un alto grado de convergencia en las cuatro áreas macroeconómicas. Tipos de interés Raíz unitaria Datos de panel Convergencia Italia

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 46 (2012)
Issue (Month): 7 (October)
Pages: 893-905

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Handle: RePEc:taf:regstd:v:46:y:2012:i:7:p:893-905

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