Neoclassical versus technological convergence: An empirical analysis applied to the Italian regions

Arbeitspapier

This paper tests for the existence of neoclassical and/or technological catching up between the Italian regions in the last three decades. The tests are performed by means of a modified b-convergence equation and of a model based on the decomposition of output growth. The results imply that while the neoclassical convergence mechanism occurred, the technological one failed. The paper also provides a possible explanation for these results and analyses their policy implications, suggesting that a complete convergence between the Italian regions may be achieved only by promoting technological transfers and by increasing research expenditure in backward regions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Quaderni di Dipartimento - EPMQ ; No. 172

Classification and Topics

• Classification: Wirtschaft ; One, Two, and Multisector Growth Models ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Economic Growth and Aggregate Productivity: Other
• Subject: convergence ; catching up ; TFP ; Italian regions ; Entwicklungskonvergenz ; Regionale Entwicklung ; Technischer Fortschritt ; Produktivität ; Italien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bianchi, Carluccio ; Menegatti, Mario
• Event: Veröffentlichung
• (who): Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
• (where): Pavia
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/87119
• Last update: 10.03.2025, 11:41 AM CET