The Italian labour market is characterized by large and persistent regional unemployment differentials. This study uses recent panel unit root and cointegration tests to derive the long-run properties of the Italian regional unemployment disparities. The empirical evidence suggests that the stochastic convergence hypothesis can be rejected. However, the existence of a long-run equilibrium relationship among regional unemployment rates cannot be excluded. Some possible implications of this finding are sketched.
|Digital Object Identifier (DOI):||http://dx.doi.org/10.1080/13504850500425758|
|Codice identificativo ISI:||WOS:000242992600002|
|Codice identificativo Scopus:||2-s2.0-33751111696|
|Titolo:||Divergence and Long-Run Equilibria in Italian Regional Unemployment|
|Appare nelle tipologie:||1.1 Articolo in rivista|