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EnglishCan regional policies accelerate the convergence path of dualistic economic growth in a single country, offsetting market failures and making growth transmission channels more efficient? A structural dynamic econometric model has been set up in order to account for these changes. Three are the main sources of growth playing a role in this context: the 'neigh bourhood' effect, the interaction between the economic environment and the agents' expectations, and the policy impact on economic take-off. The evidence shows that policies strongly boost economic growth of a local area and narrow the gap between the regions of a dual economy.
| Titolo: | How regional policies can affect growth: a macroeconometric model for the Southern Italian Regions, co-authors | |
| Autori: | ||
| Data di pubblicazione: | 2007 | |
| Rivista: | ||
| Abstract: | Can regional policies accelerate the convergence path of dualistic economic growth in a single country, offsetting market failures and making growth transmission channels more efficient? A structural dynamic econometric model has been set up in order to account for these changes. Three are the main sources of growth playing a role in this context: the 'neigh bourhood' effect, the interaction between the economic environment and the agents' expectations, and the policy impact on economic take-off. The evidence shows that policies strongly boost economic growth of a local area and narrow the gap between the regions of a dual economy. | |
| Handle: | http://hdl.handle.net/11368/2900409 | |
| Appare nelle tipologie: | 1.1 Articolo in Rivista |