Club performance dynamics at Italian regional level
This paper analyze the dynamic economic performance of the Italian regions during the period 1970-2004. The measure of economic performance is given by the level and the growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths of the Italian regions. Afterwards, a Minimal Spanning Tree and a Hierarchical Tree are constructed from time series in order to assess the existence of groups of regions sharing similar economic performance. Two main clusters are identified, representing high performance and low performance regions, alongside other two small clusters displaying regions with similar dynamic behaviour. The high performance cluster comprises mainly regions from the north, showing the presence of agglomeration externalities. Turning to the evolution of clusters, we see a similar path until 1975, after which the two groups start to slightly diverge. Studying the evolution of each cluster’s diameter we find substantial convergence within the two groups. Splitting the sample into two periods (1975-1993 and 1994-2005) the hypothesis of two performance clubs is confirmed. The club shift of some regions hints a strong effect on regional economic dynamics of the Italian 1994 crisis. The final analysis of the distance between the two clusters show that in the first period (1975-1993) the distance between the two group was constant, while in the second one (1994-2005) it has increased.
|Date of creation:||2012|
|Contact details of provider:|| Postal: Via S. Giorgio 12, I-09124 Cagliari|
Web page: http://www.crenos.unica.it/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Steven N. Durlauf, 1992.
"A Theory of Persistent Income Inequality,"
NBER Working Papers
4056, National Bureau of Economic Research, Inc.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990.
"A Contribution to the Empirics of Economic Growth,"
NBER Working Papers
3541, National Bureau of Economic Research, Inc.
- Cristina D. Checherita, 2009. "Variations on economic convergence: The case of the United States," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 259-278, 06.
- Sala-i-martin, X., 1995.
"The Classical Approach to Convergence Analysis,"
734, Yale - Economic Growth Center.
- Xavier Sala-i-Martin, 1995. "The classical approach to convergence analysis," Economics Working Papers 117, Department of Economics and Business, Universitat Pompeu Fabra.
- Sala-i-Martin, Xavier, 1995. "The Classical Approach to Convergence Analysis," CEPR Discussion Papers 1254, C.E.P.R. Discussion Papers.
- Durlauf, S.N. & Johnson, P.A., 1994.
"Multiple Regimes and Cross-Country Growth Behavior,"
9419, Wisconsin Madison - Social Systems.
- Durlauf, Steven N & Johnson, Paul A, 1995. "Multiple Regimes and Cross-Country Growth Behaviour," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(4), pages 365-384, Oct.-Dec..
- Durlauf, S.M. & Johnson, P.A., 1995. "Multiple Regimes and Cross-Country Growth Behavior," Working papers 9419r, Wisconsin Madison - Social Systems.
- Juan Gabriel Brida & Silvia London & Lionello Punzo & Wiston Adrian Risso, 2011. "An Alternative View of the Convergence Issue of Growth Empirics," Growth and Change, Wiley Blackwell, vol. 42(3), pages 320-350, 09.
- Adriana Di Liberto & Roberto Mura & Francesco Pigliaru, 2003. "A panel technique for the analysis of technology convergence: The case of the Italian regions," ERSA conference papers ersa03p293, European Regional Science Association.
- Quah, Danny, 1997. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," CEPR Discussion Papers 1586, C.E.P.R. Discussion Papers.
- Danny Quah, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," CEP Discussion Papers dp0280, Centre for Economic Performance, LSE.
- Brida, Juan Gabriel & Risso, Wiston Adrián, 2008. "Multidimensional minimal spanning tree: The Dow Jones case," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(21), pages 5205-5210.
- Josep Carrion-i-Silvestre & Vicente German-Soto, 2009.
"Panel data stochastic convergence analysis of the Mexican regions,"
Springer, vol. 37(2), pages 303-327, October.
- Josep Lluís Carrion-i-Silvestre & Vicente German-Soto, 2008. "Panel Data Stochastic Convergence Analysis of the Mexican Regions," IREA Working Papers 200805, University of Barcelona, Research Institute of Applied Economics, revised Apr 2008.
- de la Fuente, A., 1995.
"The Empirics of Growth and Convergence: A Selective Review,"
UFAE and IAE Working Papers
294.95, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- de la Fuente, Angel, 1997. "The empirics of growth and convergence: A selective review," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 23-73, January.
- de la Fuente, Angel, 1995. "The Empirics of Growth and Convergence: A Selective Review," CEPR Discussion Papers 1275, C.E.P.R. Discussion Papers.
- R. Mantegna, 1999.
"Hierarchical structure in financial markets,"
The European Physical Journal B: Condensed Matter and Complex Systems,
Springer;EDP Sciences, vol. 11(1), pages 193-197, September.
- R. Mantegna, 1999. "Hierarchical structure in financial markets," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 11(1), pages 193-197, September.
- G Caggiano & L Leonida, .
"International Output Convergence: Evidence from an AutoCorrelation Function Approach,"
2006_20, Business School - Economics, University of Glasgow.
- Giovanni Caggiano & Leone Leonida, 2009. "International output convergence: evidence from an autocorrelation function approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(1), pages 139-162.
- Cellini Roberto & Scorcu Antonello E., 1997.
"Istituzioni, stabilità e crescita nelle regioni italiane,"
Società editrice il Mulino, issue 3, pages 459-484.
- R. Cellini & A. E. Scorcu, 1996. "Istituzioni, Stabilità e Crescita nelle Regioni Italiane," Working Papers 251, Dipartimento Scienze Economiche, Universita' di Bologna.
- R. Paci & A. Saba, 1997. "The empirics of regional Economic growth in italy. 1951-1993," Working Paper CRENoS 199701, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December.
- Ferri, G. & Mattesini, F., 1997. "Finance, Human Capital and Infrastructure: An Empirical Investigation of Post-War Italian Growth," Papers 321, Banca Italia - Servizio di Studi.
- Nicholas Apergis & Ekaterini Panopoulou & Chris Tsoumas, 2010. "Old Wine in a New Bottle: Growth Convergence Dynamics in the EU," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 38(2), pages 169-181, June.
- Peter C.B. Phillips & Donggyu Sul, 2005.
"Economic Transition and Growth,"
Cowles Foundation Discussion Papers
1514, Cowles Foundation for Research in Economics, Yale University.
- Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-32, December.
- BRIDA, Juan Gabriel & GARRIDo, Nicolas & MUREDDU, Francesco, 2014.
"Club Performance Dynamics At Italian Regional Level,"
Regional and Sectoral Economic Studies,
Euro-American Association of Economic Development, vol. 14(1), pages 47-68.
- N. Garrido & F. Mureddu, 2012. "Club performance dynamics at Italian regional level," Working Paper CRENoS 201203, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Fabiani, S. & Pellegrini, G., 1997. "Education, Infrastructure, Geography and Growth: An Empirical Analysis of the Development of Italian Provinces," Papers 323, Banca Italia - Servizio di Studi.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Maria Cracolici & Miranda Cuffaro & Peter Nijkamp, 2010. "The Measurement of Economic, Social and Environmental Performance of Countries: A Novel Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 95(2), pages 339-356, January.
- Francesco Aiello & Vincenzo Scoppa, 2000. "Uneven Regional Development in Italy: Explaining Differences in Productivity Levels," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 59(2), pages 270-298, September.
- Quah, Danny, 1996.
"Twin Peaks: Growth and Convergence in Models of Distribution Dynamics,"
CEPR Discussion Papers
1355, C.E.P.R. Discussion Papers.
- Quah, Danny T, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," Economic Journal, Royal Economic Society, vol. 106(437), pages 1045-55, July.
- Brida, Juan G. & Anyul, Martin Puchet & Punzo, Lionello F., 2003. "Coding economic dynamics to represent regime dynamics. A teach-yourself exercise," Structural Change and Economic Dynamics, Elsevier, vol. 14(2), pages 133-157, June.
- Quah, Danny T, 1997. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," Journal of Economic Growth, Springer, vol. 2(1), pages 27-59, March.
- Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 501-526.
- Eckaus, Richard S., 1961. "The North-South Differential In Italian Economic Development," The Journal of Economic History, Cambridge University Press, vol. 21(03), pages 285-317, September.
When requesting a correction, please mention this item's handle: RePEc:cns:cnscwp:201203. 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: (Antonello Pau)
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.