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Regional Convergence in Italy: 1951-2000

Author

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  • Claudio Morana

    () (Università del Piemonte Orientale, International Centre for Economic Research)

Abstract

In the paper we assess the convergence hypothesis for the Italian economy over the period 1951-2000, using a new methodological approach. The approach is based on a two-step recursive principal components estimator, allowing to monitor the progress of the convergence process over time and to distinguish between steady-state and transitional dynamics. The overall conclusions of our work are in favour of a two-speed unconditional convergence process in per capita GDP across Italian regions, occurring at a slow pace and not monotonically.

Suggested Citation

  • Claudio Morana, 2004. "Regional Convergence in Italy: 1951-2000," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(2), pages 139-160, November.
  • Handle: RePEc:gde:journl:gde_v63_n2_p139-160
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    Cited by:

    1. Chiara Del Bo & Massimo Florio & Giancarlo Manzi, 2010. "Regional Infrastructure and Convergence: Growth Implications in a Spatial Framework," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(3), pages 475-493, September.

    More about this item

    Keywords

    convergence; economic growth;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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