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L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)

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  • Ferdinando Ofria

    () (Università degli Studi di Messina)

Abstract

This study empirically investigates the Kaldor-Verdoorn Law for the Agriculture, Constructions, Industry (narrowly-defined) and Marketable Services sectors of the Centre-North and Southern parts of Italy. Differently from previous studies about the Italian economy, this paper considers the Agriculture and Constructions sectors, both for the Centre-North and the South of Italy. Moreover, the Law is tested using data over a very long time-period (1951- 2006), also including recent years. The results confirm the explanatory power of the Law, in particular for the Industry of both areas.

Suggested Citation

  • Ferdinando Ofria, 2009. "L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)," Rivista di Politica Economica, SIPI Spa, issue 1, pages 179-207, January-M.
  • Handle: RePEc:rpo:ripoec:y:2009:i:1:p:179-207
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Giorgio Fazio & Enza Maltese & Davide Piacentino, 2013. "Estimating Verdoorn law for Italian firms and regions," Letters in Spatial and Resource Sciences, Springer, vol. 6(1), pages 45-54, March.
    2. Martinho, Vítor João Pereira Domingues, 2011. "What the keynesian theory said about Portugal?," MPRA Paper 32610, University Library of Munich, Germany.
    3. Matteo Deleidi & Walter Paternesi Meloni, "undated". "Italian economic trends and labor market reforms: a 50-years overview," Working Papers 0012, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    4. Emanuele Millemaci & Ferdinando Ofria, 2014. "Kaldor-Verdoorn's law and increasing returns to scale: A comparison across developed countries," Journal of Economic Studies, Emerald Group Publishing, vol. 41(1), pages 140-162, January.
    5. 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.
    6. Millemaci, Emanuele & Ofria, Ferdinando, 2016. "Supply and demand-side determinants of productivity growth in Italian regions," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 138-146.
    7. M. Centorrino & F. Ofria & D. Farinella, 2010. "Convergence and divergence processes between the Mezzogiorno and the Centre- North ten years after the adoption of the EMU," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 3, pages 453-486.

    More about this item

    Keywords

    Kaldor-Verdoorn law; labour productivity; increasing returns to scale; Italian economy;

    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
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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