Neoclassical versus Technological Convergence: Some Evidence from the Recent Experience of the Italian Regions

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Fascicle

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2008 - 3

Title

Neoclassical versus Technological Convergence: Some Evidence from the Recent Experience of the Italian Regions

Authors

Carluccio Bianchi, Mario Menegatti

Publisher

Vita e Pensiero

Format

Article |

Pdf

Online from

03-2008

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

This paper tests for the existence of neoclassical and/or technological catching up across Italian regions in the last three decades. The test is performed making use of a model based on the decomposition of output growth, similar to that proposed by Dowrick - Rogers (2002). The results imply that while the neoclassical convergence mechanism has occurred, the technological mechanism has failed. A possible explanation of the evidence found is that the regions initially endowed with better technology were subsequently characterised by a greater number of innovations and a higher share of GPD spent on research expenditure, which enabled them to maintain a substantial technological gap. These results suggest the policy conclusion that complete convergence across Italian regions requires the promotion of technological transfers and an increase in R&D expenditure in the least developed regions.