This paper investigates the extent to which the natural rate of growth of the Italian regions is endogenous, in the sense that it is affected by actual growth. Using annual data for the period 1977-2003, mixed support is found for the endogeneity hypothesis. Furthermore, in line with recent findings in the literature, the analysis provides evidence of asymmetries in Okun's law when growth is endogenous.
Is regional growth in Italy endogenous?
LANZAFAME, Matteo
2009-01-01
Abstract
This paper investigates the extent to which the natural rate of growth of the Italian regions is endogenous, in the sense that it is affected by actual growth. Using annual data for the period 1977-2003, mixed support is found for the endogeneity hypothesis. Furthermore, in line with recent findings in the literature, the analysis provides evidence of asymmetries in Okun's law when growth is endogenous.File in questo prodotto:
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