Regional Studies ( IF 4.595 ) Pub Date : 2021-03-22 , DOI: 10.1080/00343404.2021.1896694 Matteo Deleidi 1 , Walter Paternesi Meloni 2 , Luigi Salvati 3 , Francesca Tosi 4
ABSTRACT
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.
中文翻译:
产出、投资和生产力:卡尔多-维尔多恩方法中的意大利南北区域差异
摘要
本文通过支持卡尔多-维尔多恩的观点来阐述意大利的南北分歧。为了评估劳动生产率、资本积累和产出增长之间的内生关系,面板结构向量自回归 (P-SVAR) 模型应用于 1980-2017 年意大利宏观区域和地区的数据。调查结果表明,Verdoorn 和全国的资本积累效应都存在地域差异。产出增长对中北部生产率的影响更大,而南部的投资效应更强。这强调了公共努力在刺激产出和投资(即生产力)方面的相关性,尤其是在经济萧条的地区。