Regional convergence in Italy: time series approaches
AbstractThis paper investigates the evolution of the gap between Italian regions and Italy as a whole during the period 1980-2007. We tested for the presence of the stochastic and β-convergence hypotheses using different time series approaches. The former was studied, first, for all the sample period and then, with an exogenous instantaneous break in the series. The presence of β-convergence, instead, was estimated considering a known and an unknown trend break date model. Our results show that most of the regions does not converge in an “actual” way, since they do not present a stochastic and β convergence simultaneously.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20397.
Date of creation: 18 Nov 2009
Date of revision:
β-convergence; stochastic convergence; time series approach; regional convergence;
Find related papers by JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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