‘O convergence, where art thou?’ Regional growth and industrialization in Italy

Alfonsina Iona, Leone Leonida, Giuseppe Sobbrio

Research output: Contribution to journalArticle

Abstract

This paper shows that the Italian economy has two long-run equilibria, which are due to the different level of industrialization between the centre-north and the south of the country. These equilibria converge until 1971 but diverge afterwards; the end of the convergence process coincides with the slowing down of Italy's industrialization policy in the South. In this paper we argue that to address this problem effectively, an economic policy completely different from that in place in needed. However, such a policy is unlikely to be implemented given the scarcity of resources and the short run nature of the political cycle.
Original languageEnglish
Pages (from-to)366-387
Number of pages22
JournalJournal of Modern Italian Studies
Volume13
Issue number3
DOIs
Publication statusPublished - 2008

Keywords

  • convergence
  • distribution dynamics
  • growth
  • industrialization

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