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Twelve Years on from the Adoption of the Emu: An Ex-Post Assessment on the Process of Convergence of Southern and Central-Northern Italy

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  • Ferdinando Ofria

    (University of Messina)

Abstract

During the 1990’s a number of essays have explored the possible effects of an European Monetary Union (EMU) in the weakest areas and the South of Italy. In particular, these studies have started a debate on the hypothesis that a common currency could help solving the “Southern Question” (“Questione meridionale”) – a debate raising both optimistic and pessimistic answers. Firstly, the proposed article reconstructs such debate on the effects of a common currency for the southern economy. Secondly, it tries to produce a ex-post analysis in order to understand whether a convergence process has been started. This analysis shows that the South of Italy, with the exclusion of Abruzzo, in the years the unification process began, has converged towards the North in terms of wealth per capita.

Suggested Citation

  • Ferdinando Ofria, 2012. "Twelve Years on from the Adoption of the Emu: An Ex-Post Assessment on the Process of Convergence of Southern and Central-Northern Italy," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 326-339, May.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:326-339
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    Keywords

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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • 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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