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...

In this paper we propose a growth model with an imperfect labor market in which the accumulation of human capital is the output of a learning-by-doing process where scholastic knowledge must be combined with working experience. The dynamic steady state of the model implies a negative...

This paper proposes an endogenous growth model that establishes a negative relationship between the concentration of the non cumulative factor, namely land but also natural resources in general, and long run growth and that offers a theoretical background for redistribution policies such as land...

In this paper we reconstruct the macro regional government deficits of Italy and find that the aggregate deficit resulting from our estimates captures quite well the entire dynamics of the Italian national public deficit. This new data set shows that the ultimate cause of the accumulation of...

This paper aims at assessing whether dualistic mechanisms represent a significant component of the aggregate labour productivity convergence observed across the European regions in the 1980s. The potential of an explanation of convergence based - in part, at least - on the existence of dualism...