Distribuzione del reddito e fattori della crescita nei “Due Mezzogiorno d’Europa”
An aspect of lack of real convergence among the European regions is represented by polarization within countries. In the 1990s, East Germany as well as Southern Italy have not shown any catching up with the rest of their countries. The paper compares the thesis referring to “institutional constraints to growth”, whereby wage uniformity and Welfare transfers undermine market incentives, with the alternative interpretation referring to “constraints to endogenous growth”, linking the interaction between the dynamics of productivity and employment to the formation of human capital.
Volume (Year): 92 (2002)
Issue (Month): 3 (May-June)
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