IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

La bilancia dei pagamenti di parte corrente Nord-Sud (1998-2000)

Listed author(s):
  • Luigi Cannari


    (Bank of Italy, Economic Research Department)

  • Salvatore Chiri


    (Bank of Italy, Economic Research Department)

In this paper we estimate the current account of the balance of payments of Italy�s Southern and Northern regions for the period 1998-2000. In our scheme the General Government is considered as a non-resident institution; fiscal revenues and expenditure generate credits and debts in the balances of payments of the South and the North. We find that the wide deficit on goods and services of the Southern regions - as estimated by the Regional Accounts - is counterbalanced by income and transfers of the same order of magnitude, mostly originated by the re-distributive activity of General Government. A large part of this re-distribution depends on personal income inequality, even if it has distinguishing territorial marks because of smaller employment rates and the concentration of lower income households in the less developed regions. The re-distribution increases disposable income in Southern regions, raising consumption expenditure and investment. Over the years the Southern deficit on goods and services has markedly shrunk; the reduction is correlated with the slowdown in the rate of capital accumulation. The balance of the current account of Southern regions, though subject to measurement errors, turns out to be nearly zero in the examined period. Thus, net financial inflows or outflows should be of limited amount.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 490.

in new window

Date of creation: Mar 2004
Handle: RePEc:bdi:wptemi:td_490_04
Contact details of provider: Postal:
Via Nazionale, 91 - 00184 Roma

Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:bdi:wptemi:td_490_04. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.