The endogeneity of the natural rate of growth in the regions of Italy

International Review of Applied Economics

Volumn 24, Issue 5, 2010, Pages 533-552

  Lanzafame, Matteo ^a  

^a Dipartimento di Economia Statistica Matematica e Sociologia V Pareto   (Italy)

Author keywords

Endogenous growth; Italian regions; Okun's law

Indexed keywords

ANNUAL VARIATION; ECONOMIC GROWTH; ENDOGENOUS GROWTH; GROWTH RATE; HYPOTHESIS TESTING; REGIONAL DEVELOPMENT;

ITALY;

EID: 77956978364     PISSN: 02692171     EISSN: 14653486     Source Type: Journal    
DOI: 10.1080/02692170903426039     Document Type: Article

References (41)

1. Attfield, C., and B. Silverstone. 1997. Okun's Law, cointegration and gap variables. Journal of Macroeconomics 20: 125-137.
2. Boggio, L., and G. Seravalli. 2002. Is the natural rate of growth exogenous? A comment. Banca Nazionale del Lavoro Quarterly Review 221: 219-227.
3. Barro, R.J. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 106: 407-443.
4. Blackburn, K. 1999. Can stabilisation policies reduce long-run growth? The Economic Journal 109: 67-77.
5. Caballero, R., and M. Hammour. 1994. The cleansing effects of recessions. American Economic Review 84: 1350-1368.
6. Crespo Cuaresma, J. 2003. Okun's Law revisited. Oxford Bulletin of Economics and Statistics 65: 439-451.
7. De Benedictis, L. 1998. Cumulative causation, Harrod's trade multiplier, and Kaldor's paradox: Foundations of post-Keynesian theory of growth differentials. In Economic dynamics trade and growth: essays on Harrodian themes, ed. G. Rampa, L. Stella and A.P. Thirlwall, 276-80. London: Macmillan.
8. Dixon, R.J., and A.P. Thirlwall. 1975. A model of regional growth rate differences on Kaldorian lines. Oxford Economic Papers 27: 201-213.
9. Dunford, M. 2002. Italian regional evolutions. Environment and Planning 34: 657-694.
10. Greene, W.H. 2000. Econometric Analysis. Upper Saddle River, NJ: Prentice-Hall
11. Haefke, C., and M. Reiter. 2006. Endogenous labor market participation and the business cycle. IZA discussion paper no. 2029.
12. Harrod, R.F. 1939. An essay in dynamic theory. Economic Journal 49: 14-33.
13. Harvey, A.C. 1985. Trends and cycles in macroeconomic time series. Journal of Business and Economic Statistics 13:, 216-227.
14. Harvey, A.C. 1989. Forecasting: Structural time series models and the Kalman Filter. Cambridge: Cambridge University Press.
15. Jackson, J.E. 2002. A seemingly unrelated regression model for analyzing multiparty elections. Political Analysis 10: 46-65.
16. Kaldor, N. 1966. Causes of the slow rate of growth of the United Kingdom. Cambridge: Cambridge University Press.
17. Lanzafame, M. 2006. Disparità regionali e specializzazione produttiva in Italia. Italian Journal of Regional Science 5: 85-108.
18. Lee, J. 2000. The robustness of Okun's Law: Evidence from OECD countries. Journal of Macroeconomics 22: 331-356.
19. León-Ledesma, M.A. 2002. Accumulation, innovation and catching-up: An extended cumulative growth model. Cambridge Journal of Economics 26: 201-216.
20. León-Ledesma, M.A., and A.P. Thirlwall. 2002a. The endogeneity of the natural rate of growth. Cambridge Journal of Economics 26: 441-459.
21. León-Ledesma, M.A., and A.P. Thirlwall. 2002b. Is the natural rate of growth exogenous? A reply. Banca Nazionale del Lavoro Quarterly Review 221: 229-232.
22. Lucas, R.E. 1988. On the mechanics of economic development. Journal of Monetary Economics 22: 3-42.
23. Okun, A.M. 1962. Potential GNP: Its measurement and significance. Proceedings of the Business and Economic Statistics Section of the American Statistical Association 7: 89-104.
24. Paci, R., and F. Pigliaru. 1997. Structural change and convergence: An Italian regional perspective. Structural Change and Economic Dynamics 8: 297-318.
25. Paci, R., F. Pigliaru, and M. Pugno. 2002. Le disparità nella crescita economica e nella disoccupazione tra le regioni europee: Una prospettiva settoriale. In Da nazioni a regioni: mutamenti istituzionali e strutturali dopo l'Unione Monataria Europea, ed. F. Farina and R. Tamborini, 155-186. Bologna: Il Mulino.
26. Paci, R., and A. Saba. 1998. The empirics of regional economic growth in Italy, 1951-1993. Rivista Internazionale di Scienze Economiche e Commerciali 45: 515-542.
27. Perron, P. 1997. Further evidence on breaking trend functions in macroeconomic variables. Journal of Econometrics 80: 355-85.
28. Romer, P.M. 1986. Increasing returns and long run growth. Journal of Political Economy 94: 1002-1037.
29. Romer, P.M. 1990. Endogenous technological change. Journal of Political Economy 98: 71-102.
30. Saint-Paul, G. 1997. Business cycles and long-run growth. Oxford Review of Economic Policy 13: 145-153.
31. Schumpeter, J.A. 1939. Business cycles. New York: McGraw-Hill.
32. Schumpeter, J.A. 1950. Capitalism, socialism and democracy. New York: Harper and Row.
33. Shimer, R. 2004. Search intensity. Chicago, IL: University of Chicago (mimeo).
34. Silvapulle, P., I.A. Moosa, and M.J. Silvapulle. 2004. Asymmetry in Okun's Law. Canadian Journal of Economics 37: 353-374.
35. Stadler, G.W. 1990. Business cycle models with endogenous technology. American Economic Review 80: 763-778.
36. Terrasi, M. 1999. Convergence and divergence across Italian regions. The Annals of Regional Science 33: 491-510.
37. Thirlwall, A.P. 1969. Okun's Law and the natural rate of growth. The Southern Economic Journal 36: 87-89.
38. Tripier, F. 2002. Can the labor market search model explain the fluctuations of allocations of time? Economic Modelling 21: 131-146.
39. Veracierto, M. 2004. On the cyclical behaviour of employment, unemployment and labor force participation. Federal Reserve Bank of Chicago working paper 2002-2012.
40. Verdoorn, P.J. 1949. Fattori che Regolano lo Sviluppo della Produttività del Lavoro. L'Industria 1: 45-53.
41. Viren, M. 2001. The Okun curve is non-linear. Economics Letters 70: 253-257.