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Neoclassical versus Technological Convergence: Some Evidence from the Recent Experience of the Italian Regions

Author

Listed:
  • Carluccio Bianchi

    () (Dipartimento di Economia Politica e Metodi Quantitativi, Universita' di Pavia)

  • Mario Menegatti

    (Dipartimento di Economia, Universita' di Parma)

Abstract

This paper tests for the existence of neoclassical and/or technological catching up across Italian regions in the last three decades. The test is performed making use of a model based on the decomposition of output growth, similar to that proposed by Dowrick - Rogers (2002). The results imply that while the neoclassical convergence mechanism has occurred, the technological mechanism has failed. A possible explanation of the evidence found is that the regions initially endowed with better technology were subsequently characterised by a greater number of innovations and a higher share of GPD spent on research expenditure, which enabled them to maintain a substantial technological gap. These results suggest the policy conclusion that complete convergence across Italian regions requires the promotion of technological transfers and an increase in R&D expenditure in the least developed regions.

Suggested Citation

  • Carluccio Bianchi & Mario Menegatti, 2008. "Neoclassical versus Technological Convergence: Some Evidence from the Recent Experience of the Italian Regions," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 116(3), pages 271-287.
  • Handle: RePEc:vep:journl:y:2008:v:116:i:3:p:271-287
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    References listed on IDEAS

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    1. Acemoglu, Daron, 2001. "Good Jobs versus Bad Jobs," Journal of Labor Economics, University of Chicago Press, vol. 19(1), pages 1-21, January.
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    4. Pierre Cahuc & André Zylberberg, 2004. "Labor Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 026203316x, January.
    5. Andolfatto, David, 1996. "Business Cycles and Labor-Market Search," American Economic Review, American Economic Association, pages 112-132.
    6. Arthur J. Hosios, 1990. "On The Efficiency of Matching and Related Models of Search and Unemployment," Review of Economic Studies, Oxford University Press, vol. 57(2), pages 279-298.
    7. Peter A. Diamond, 1982. "Wage Determination and Efficiency in Search Equilibrium," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 217-227.
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    More about this item

    Keywords

    Convergence; capital accumulation; technological catching up; italian regions.;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth 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
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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