Regional Convergence in Italy: 1951-2000
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.
Volume (Year): 63 (2004)
Issue (Month): 2 (November)
|Contact details of provider:|| Postal: |
Web page: http://www.gde.unibocconi.it/
|Order Information:|| Web: http://www.gde.unibocconi.it Email: |
When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v63_n2_p139-160. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)
If references are entirely missing, you can add them using this form.