The North-Centre and the Mezzogiorno in the Euro Age: The Same Lock-In?

Posted: 24 Sep 2011

See all articles by Renato Paniccià

Renato Paniccià

Istituto Regionale Programmazione Economica Toscana (IRPET)

Paolo Mario Piacentini

affiliation not provided to SSRN

Stefano Prezioso

affiliation not provided to SSRN

Date Written: July 1, 2011

Abstract

Recent data on the traditional North-South dualistic divide in Italy clearly reveal the halt of any convergence process, with the per capita GDP gap in the Mezzogiorno returning to its historical levels, i.e. around 60% of the North-Centre. The resources mobilized within European policies for regional cohesion do not thus appear to have fulfilled expectations. In this contribution, using macroeconomic time series constructed separately for the two broad regional aggregations of the Italian economy (the North-Centre and Mezzogiorno), we stress the importance of the different patterns of capital accumulation in the two areas over the period 1980-2007, and their scarce effectiveness in terms of contributions to productivity gains, in particular in Southern Italy and in the most recent period, characterized by enhanced conditions of global competition and full integration within the EMU.

Keywords: aggregate productivity, cross-country output convergence

JEL Classification: O47

Suggested Citation

Paniccià, Renato and Piacentini, Paolo Mario and Prezioso, Stefano, The North-Centre and the Mezzogiorno in the Euro Age: The Same Lock-In? (July 1, 2011). Rivista Italiana degli Economisti, Vol. 2, July 2011, Available at SSRN: https://ssrn.com/abstract=1932696

Renato Paniccià (Contact Author)

Istituto Regionale Programmazione Economica Toscana (IRPET) ( email )

Firenze, 50100
Italy

Paolo Mario Piacentini

affiliation not provided to SSRN ( email )

Stefano Prezioso

affiliation not provided to SSRN ( email )

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