Calendrier du 16 mai 2018
Development Economics Seminar
Du 16/05/2018 de 13:30 à 15:00
salle R2-01, campus Jourdan, 48 boulevard Jourdan 75014 Paris
HJORT Jonas (Columbia Business School )
Ethnic Investing and the Value of Firms.
Economic History Seminar
Du 16/05/2018 de 12:30 à 14:00
Salle R1-07, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
FELICE Emmanuele ()
The Roots of a Dual Equilibrium: GDP, Productivity and Structural Change in the Italian Regions in the Long-run (1871-2011)
The article presents updated estimates of GDP per capita, productivity and employment for Italy’s regions, at the NUTS II level and at current borders, for the whole economy and its three branches (agriculture, industry, services): they span 140 years in ten-year benchmarks (1871-2011). Sigma and beta convergence are tested for GDP per capita, productivity and employment-to-population. Four phases in the history of Italy’s regional inequality are identified, roughly coinciding with the different political eras of the country: mild divergence (the liberal age), strong divergence (the interwar years), general convergence (the golden age) and the “two-Italies” tale (1971-2011). In the first two phases we observe the formation of three macro-areas; in the last decades, we record convergence within the Centre-North and an increasing North/South polarization, with differences in employment becoming more important than those in productivity. This result is in line with a socio-institutional interpretation of the North/South divide.