Disuguaglianza e crescita: un’analisi empirica applicata all’esperienza recente delle regioni italiane
AbstractThis paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our results support the conjecture, formulated by the most recent economic theory, that greater inequality in the distribution of personal incomes reduces real growth. Furthermore, a detailed examination of the possible influence mechanisms of inequality on growth shows that both the credit rationing and the social instability channel are relevant in explaining the empirical evidence considered. Our analysis ultimately suggests that a decrease in income inequality in the Southern regions, achieved through adequate redistributive policies in the area, might contribute to reducing the lag in the economic development of the Mezzogiorno.
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Bibliographic InfoArticle provided by Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore in its journal Rivista Internazionale di Scienze Sociali.
Volume (Year): 114 (2006)
Issue (Month): 4 ()
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inequality; growth; distribution of income; Italian regions;
Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
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