Regional inequalities in Italy in the long run (1891-2001): the pattern and some ideas to explain it
The article in the first instance aims to present the pattern of regional inequality in Italy over the long run, through benchmark years, for what regards per capita value added, but also human capital (education) and social capital. Secondly, the Italian case is discussed in view of the neoclassical approach, which incorporates human and social capital as conditioning variables in a long term production function, through both cross-section and dynamic panel regressions. The results are compared with those from descriptive statistics, concluding that the neoclassical modelling can hardly add something more to a mere correlation evidence. As a consequence, this paper explores the viability of alternative approaches, which should properly consider historical changes in technology, in institutions and in the production function, and briefly reviews the research to come in order to implement a dynamic model
|Date of creation:||Jun 2010|
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- Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004.
"Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach,"
American Economic Review,
American Economic Association, vol. 94(4), pages 813-835, September.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach," OECD Economics Department Working Papers 266, OECD Publishing.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," NBER Working Papers 7750, National Bureau of Economic Research, Inc.
- Di Liberto Adriana, 2001. "Stock" di capitale umano e crescita nelle regioni italiane: un approccio "panel," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 2, pages 159-184.
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