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The role of human capital after the crisis in Italy: A regional analysis

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  • Odoardi, Iacopo
  • Muratore, Fabrizio

Abstract

In the years of the prolonged post-crisis recession, the well-known North-South divide in Italy has significantly worsened. Several structural weaknesses limit both post-crisis recovery and socioeconomic convergence. A greater understanding of the economic contribution of workers' human capital, which is not fully exploited in Italy, could address the two issues. We analyze the effects of human capital on local economic performance and productivity, along with other socioeconomic variables, controlling for the endogeneity problem. Workers with a better education can promote economic recovery through productivity enhancement in the South, while traditional aspects related to industrialization are significant in the “wealthy North”. However, structural aspects, such as the local financial systems, must be developed to start a path to convergence for the North and the South.

Suggested Citation

  • Odoardi, Iacopo & Muratore, Fabrizio, 2019. "The role of human capital after the crisis in Italy: A regional analysis," Socio-Economic Planning Sciences, Elsevier, vol. 66(C), pages 58-67.
    • Handle: RePEc:eee:soceps:v:66:y:2019:i:c:p:58-67
    DOI: 10.1016/j.seps.2018.07.002
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    References listed on IDEAS

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    5. Brahim Boudarbat & Thomas Lemieux & W. Craig Riddell, 2010. "The Evolution of the Returns to Human Capital in Canada, 1980-2005," Canadian Public Policy, University of Toronto Press, vol. 36(1), pages 63-89, March.
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    Cited by:

    1. Luca VOTA, 2022. "Employment Impact Of Firms' Innovation: What Is The Role Of Regional Institutions? Evidence From Italy," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 11-24, June.
    2. Iacopo Odoardi & Carmen Pagliari, 2020. "Household Wealth as a Factor of Economic Growth: A Case Study of Italy," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 14(3), September.
    3. Iacopo Odoardi & Donatella Furia & Piera Cascioli, 2021. "Can social support compensate for missing family support? An examination of dropout rates in Italy," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 121-139, February.

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    More about this item

    Keywords

    Human capital; Labor force; Great recession; Productivity; Economic dualism;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • 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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