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Since Putnam's work on social capital, the Italian regional case has been a very rich source of both data and theories about the origins of large and persistent differences in local stocks of social capital, and about the impact of such differences on economic performances. The Italian case is...
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Does a persistently low endowment of social capital inevitably imply slow growth and lagging behind? We address this question by considering regional growth in the presence of highly heterogeneous social capital stocks. We maintain that the influence of social capital on growth depends crucially...
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We develop an endogenous growth model to simulate the long-term impact of Italy's National Recovery and Resilience Plan (NRRP) on the persistent North-South productivity gap. Our model underscores public investment as a catalyst for sustained economic growth and highlights the reliance of local...
Persistent link: https://www.econbiz.de/10014391213
We explore the links between the halt of the convergence process of Italian regions at the beginning of the 1970s and the increase in regional unemployment dispersion. We consider a neoclassical exogenous growth model with an imperfect labor market and show that during the transitional dynamics...
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