Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions
AbstractABSTRACT. This paper carries out an explanatory investigation into the relationship between socio-institutional conditions, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional quality, social capital and social conditions in determining disparities between richer and poorer regions. Building on this literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on structural and institutional factors that affect the innovative capacity of regional systems (the “social externalities hypothesis”). Simulations based on the scaled stationary system confirm that endogenous socio-economic conditions are crucial for the successful translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social conditions and well-being in the poorer regions may yield dividends in terms of the effectiveness of public policy and economic development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31939.
Date of creation: 28 Jun 2011
Date of revision:
Development; growth; regional disparities; well-being;
Other versions of this item:
- Giorgio D'Agostino & Margherita Scarlato, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," Departmental Working Papers of Economics - University 'Roma Tre' 0138, Department of Economics - University Roma Tre.
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-13 (All new papers)
- NEP-CSE-2011-07-13 (Economics of Strategic Management)
- NEP-FDG-2011-07-13 (Financial Development & Growth)
- NEP-GEO-2011-07-13 (Economic Geography)
- NEP-INO-2011-07-13 (Innovation)
- NEP-URE-2011-07-13 (Urban & Real Estate Economics)
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