Gardini, Attilio; Cavaliere, Giuseppe; Fanelli, Luca - Dipartimento di Scienze Statistiche "Paolo Fortunati", … - 2006
We investigate the occurrence of risk sharing among Italian regions with respect to both long run and short run income fluctuations by means of Vector Equilibrium Correction Models (VEqCMs) which allow to test all implications of the theory without preliminary filtering or transformations of...