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IS THERE A CLUB CONVERGENCE AMONG ITALIAN REGIONS?

Authors
Disciplines
  • Economics
  • Mathematics

Abstract

Microsoft Word - 1_2006.doc UNIVERSITÀ DEGLI STUDI DI NAPOLI “PARTHENOPE” ISTITUTO DI STUDI ECONOMICI IS THERE A CLUB CONVERGENCE AMONG ITALIAN REGIONS? Rita DE SIANO – Marcella D’UVA WORKING PAPER N. 1.2006 FEBRUARY 2006 Redazione: Istituto di Studi Economici Università degli studi di Napoli “Parthenope” Via Medina, 40 80132 Napoli Tel. +39-081-5512207–5510738 – fax +39-081-5511140 La Redazione ottempera agli obblighi previsti dall’Art. 1 del D.L.L. 31.8.1945, n. 660. Copie della presente pubblicazione possono essere richieste alla segreteria dell’Istituto. UNIVERSITÀ DEGLI STUDI DI NAPOLI “PARTHENOPE” ISTITUTO DI STUDI ECONOMICI Working Paper n. 1.2006 February 2006 IS THERE A CLUB CONVERGENCE AMONG ITALIAN REGIONS? ? RITA DE SIANO* – MARCELLA D’UVA** Abstract In this paper we investigate the “convergence clubs” hypothesis applying the stochastic notion of convergence to groups of Italian regions. In order to avoid the group selection bias problem, we applied the innovative regression tree technique to select endogenously the most important variables in achieving the best identification of groups on the base of a number of economic indicators. Tests on stochastic convergence show the presence of a strong convergence process of each region towards the average of the group it belongs for all the Italian regions. ? This paper is part of the research Programm co-financed by MIUR “Mezzogiorno: Sviluppo e nuove teorie della crescita”, presented at the Workshop “Mezzogiorno d’Italia: what more can be said through the New Growth theory?”, Naples 2006, February * University of Naples “Parthenope”, Department of Economic Studies, Via Medina 40, 80133 Naples, e-mail: [email protected], fax 0039-0815474

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