Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Output, investment and productivity: the Italian North–South regional divide from a Kaldor–Verdoorn approach
This paper elaborates on the Italian North–South divide by endorsing a Kaldor–Verdoorn perspective. To assess the endogenous relationship between labour productivity, capital accumulation and output growth, panel structural vector autoregressive (P-SVAR) modelling is applied to 1980–2017 data on Italian macro-regions and areas. Findings show that territorial disparities exist in both the Verdoorn and the capital accumulation effects throughout the country. Output growth has a larger effect on productivity in the Centre–North, while the investment effect is stronger in the South. That stresses the relevance of public effort in stimulating both output and investment – therefore, productivity – especially in economically depressed areas.
Output, investment and productivity: the Italian North–South regional divide from a Kaldor–Verdoorn approach
This paper elaborates on the Italian North–South divide by endorsing a Kaldor–Verdoorn perspective. To assess the endogenous relationship between labour productivity, capital accumulation and output growth, panel structural vector autoregressive (P-SVAR) modelling is applied to 1980–2017 data on Italian macro-regions and areas. Findings show that territorial disparities exist in both the Verdoorn and the capital accumulation effects throughout the country. Output growth has a larger effect on productivity in the Centre–North, while the investment effect is stronger in the South. That stresses the relevance of public effort in stimulating both output and investment – therefore, productivity – especially in economically depressed areas.
Output, investment and productivity: the Italian North–South regional divide from a Kaldor–Verdoorn approach
Deleidi, Matteo (Autor:in) / Paternesi Meloni, Walter (Autor:in) / Salvati, Luigi (Autor:in) / Tosi, Francesca (Autor:in)
Regional Studies ; 55 ; 1376-1387
03.08.2021
12 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
productivity , investment , Italian regions , regional differentials , P-SVAR , C33 , O18 , O47 , R11
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