Recent data on the traditional North-South dualistic divide in Italy clearly reveal the halt of any convergence process, with the per capita GDP gap in the Mezzogiorno returning to its historical levels, i.e. around 60% of the North-Centre. The resources mobilized within European policies for...

The disappointing growth performance of the Italian economy in the more recent period is analysed here with a stress on the medium-term evolution in the relationship between capital per worker and output per worker for the aggregate business sector of the economy. A drop in the elasticity of...