Emilia-Romagna In The Time Of The Crisis: The Indicator Of Regional Economic Activity And The Specialisation Of Production And Trade
AbstractThis paper aims at providing some evidence of the short-term and long-term changes occurred in the Italian regional economies following the economic downturn. Our analysis will combine the use of structural and coincident indicators to describe the specialization of the region Emilia Romagna and its economic performance during the crisis. We adopt the Indicator of the Regional Economic Activity â€“ IREA (Brasili, Benni 2006) to proxy the regional business cycle and give a timely picture of its economic performance till September 2010. The IRAE overcomes the deficit of the regional GDP â€“ which is released with considerable delays by the national statistical authorities â€“ by using a set of timely and high-frequency variables that tend to move in concert with the GDP. For our assessment of the regional specialization, we will proceed to the reconstruction of a pre-crisis scenario of specialization, using a set of structural indexes. Then, we will study the conjunctural changes occurred in the main sectors of specialization. We will complement our analysis by studying the evolution of the trade specialization through the index of â€œrelative comparative advantagesâ€ (Lafay 1992). In the final section, we will compare the specialization models of Emilia-Romagna, Toscana and Lombardia and discuss their vulnerability to disruptive shocks in the short and long term.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p1301.
Date of creation: Sep 2011
Date of revision:
Contact details of provider:
Postal: Augasse 2-6, 1090 Vienna, Austria
Web page: http://www.ersa.org
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-14 (All new papers)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier).
If references are entirely missing, you can add them using this form.