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Deindustrialization and tertiarization: structural changes in North West Italy

Author

Listed:
  • Antonio Accetturo

    () (Bank of Italy)

  • Luciana Aimone

    () (Bank of Italy)

  • Enrico Beretta

    () (Bank of Italy)

  • Silvia Camussi

    () (Bank of Italy)

  • Luigi Cannari

    () (Bank of Italy)

  • Daniele Coin

    () (Bank of Italy)

  • Laura Conti

    () (Bank of Italy)

  • Roberto Cullino

    () (Bank of Italy)

  • Alessandro Fabbrini

    () (Bank of Italy)

  • Cristina Fabrizi

    () (Bank of Italy)

  • Giovanni Iuzzolino

    () (Bank of Italy)

  • Alessandra Mori

    () (Bank of Italy)

  • Elisabetta Olivieri

    () (Bank of Italy)

  • Andrea Orame

    () (Bank of Italy)

  • Anna Laura Mancini

    () (Bank of Italy)

  • Elena Mattevi

    () (Bank of Italy)

  • Paolo Piselli

    () (Bank of Italy)

  • Davide Revelli

    () (Bank of Italy)

  • Paola Rossi

    () (Bank of Italy)

  • Diego Scalise

    () (Bank of Italy)

  • Alessandra Staderini

    () (Bank of Italy)

  • Giulia Martina Tanzi

    () (Bank of Italy)

  • Valerio Vacca

    () (Bank of Italy)

Abstract

The paper analyzes the recent evolution of the economies of the Italian North West, focusing on the phenomena of de-industrialization and the transition to a service economy. The comparison is made with a group of European regions defined as �advanced industrial.� Results show that the sluggish economic growth of the North West (which has worsened in the last decade) has taken place in a context of heavy economic structural changes. Some of these, which are specific to the North West, seem to have further hampered the competitiveness of the area, such as a too slow transition towards technology-intensive manufacturing sectors and to knowledge intensive services. The international comparison shows persistent gaps regarding important factors for growth and innovation; among these, the small firm size, delays in the human capital accumulation, the weakness of the economic and financial situation of enterprises. Even in the long recession, we observe signs of dynamism, like some highly competitive firms and territories, which are able to compete even at international level.

Suggested Citation

  • Antonio Accetturo & Luciana Aimone & Enrico Beretta & Silvia Camussi & Luigi Cannari & Daniele Coin & Laura Conti & Roberto Cullino & Alessandro Fabbrini & Cristina Fabrizi & Giovanni Iuzzolino & Ales, 2015. "Deindustrialization and tertiarization: structural changes in North West Italy," Questioni di Economia e Finanza (Occasional Papers) 282, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_282_15
    as

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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2015-0282/QEF_282.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    growth; structural change; innovation; human capital; financial structure.;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • G2 - Financial Economics - - Financial Institutions and Services

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