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The determinants of Italy's regional imbalances over the long run: exploring the contributions of human and social capital

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  • Emanuele Felice

Abstract

The article aims to present and discuss estimates of levels of human and social capital in Italy's regions over the long term, i.e. roughly from the second half of the nineteenth century up to the present day.� The results are linked to newly available evidence for regional value added in order to begin to form an explanatory hypothesis of long-term regional inequality in Italy.� More particularly, convergence in value added per capita across Italy's regions is tested (through both cross-section and dynamic panel regressions) in light of the neoclassical exogenous growth approach, which incorporates human capital and social capital as conditioning variables into a long-term production function.� On the whole, the results confirm the importance of conditioning variables, i.e. of regional diffrences in human capital and social capital, but also suggest that their impact significantly changed over the twentieth century, thus supporting the view that, in different periods, conditioning variables are determined by technological regimes.

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Bibliographic Info

Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number Number 88.

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Date of creation: 01 Mar 2011
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Handle: RePEc:oxf:wpaper:number-88

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Keywords: Regional history; human capital; social capital; convergence;

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  1. Fenoaltea, Stefano, 2003. "Peeking Backward: Regional Aspects of Industrial Growth in Post-Unification Italy," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 63(04), pages 1059-1102, December.
  2. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
  3. Carreras Albert & Felice Emanuele, 2010. "L'industria italiana dal 1911 al 1938: ricostruzione della serie del valore aggiunto e interpretazioni," Rivista di storia economica, Società editrice il Mulino, Società editrice il Mulino, issue 3, pages 285-334.
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  7. Felice Emanuele, 2005. "Il valore aggiunto regionale. Una stima per il 1891 e per il 1911 e alcune elaborazioni di lungo periodo (1891-1971)," Rivista di storia economica, Società editrice il Mulino, Società editrice il Mulino, issue 3, pages 273-314.
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  12. Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," American Economic Review, American Economic Association, American Economic Association, vol. 94(4), pages 813-835, September.
  13. Emanuele Felice, 2007. "I divari regionali in Italia sulla base degli indicatori sociali (1871-2001)," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 97(2), pages 359-406, March-Apr.
  14. Carlo Ciccarelli & Stefano Fenoaltea, 2010. "Through the Magnifying Glass: Provincial Aspects of Industrial Growth in Post-Unification Italy," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area 4, Bank of Italy, Economic Research and International Relations Area.
  15. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 100(2), pages 223-51, April.
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  17. Felice Emanuele, 2005. "Il reddito delle regioni italiane nel 1938 e nel 1951. Una stima basata sul costo del lavoro," Rivista di storia economica, Società editrice il Mulino, Società editrice il Mulino, issue 1, pages 3-30.
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Cited by:
  1. Giuseppe Bertola & Paolo Sestito, 2011. "A Comparative Perspective on Italy's Human Capital Accumulation," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area 06, Bank of Italy, Economic Research and International Relations Area.
  2. Eric Schneider, 2012. "Prices and Production: Agricultural Supply Response in Fourteenth-Century England," Oxford University Economic and Social History Series, Economics Group, Nuffield College, University of Oxford _097, Economics Group, Nuffield College, University of Oxford.
  3. Aled Davies, 2012. "The Evolution of British Monetarism: 1968-1979," Economics Series Working Papers, University of Oxford, Department of Economics Number 104, University of Oxford, Department of Economics.
  4. Eric Schneider, 2012. "Real Wages and the Family: Adjusting Real Wages to Changing Demography in Pre-Modern England," Oxford University Economic and Social History Series, Economics Group, Nuffield College, University of Oxford _099, Economics Group, Nuffield College, University of Oxford.
  5. Aled Davies, 2012. "The Evolution of British Monetarism: 1968-1979," Oxford University Economic and Social History Series, Economics Group, Nuffield College, University of Oxford _104, Economics Group, Nuffield College, University of Oxford.

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