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Following León-Ledesma and Thirlwall (2002a), this paper investigates the extent to which the natural rate of growth of the Italian regions is endogenous, in the sense that it is affected by actual growth. The estimation framework is based on one version of the cyclical relationship between...
Persistent link: https://www.econbiz.de/10005404328
Taking as a starting point the evidence of growing disparities in the 1977-2003 years, the paper investigates the pure hysteresis hypothesis for regional unemployment rates in Italy. Relying both on univariate and panel unit-root rests, we can confidently reject the unit-root hypothesis. The...
Persistent link: https://www.econbiz.de/10005404367
Lanzafame M. Is regional growth in Italy endogenous?, Regional Studies. This paper investigates the extent to which the natural rate of growth of the Italian regions is endogenous, in the sense that it is affected by actual growth. Using annual data for the period 1977-2003, mixed support is...
Persistent link: https://www.econbiz.de/10008603646
Following Leon-Ledesma and Thirlwall (2002a), this paper examines the hypothesis that the natural rate of growth of the Italian regions is endogenous to and positively affected by the actual growth rate. Relying on fixed-effects and SUR estimation techniques and using annual data for the 20...
Persistent link: https://www.econbiz.de/10008674614