Regional inequality in Italy in the face of economic crises, recovery, and the health emergency

Antonio Accetturo, Giuseppe Albanese, Rosario Ballatore, Tiziano Ropele and Paolo Sestito ()
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Paolo Sestito: Bank of Italy

No 685, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The aim of this paper is to provide an updated overview of the economic divide between the South and the Centre-North of Italy from 2007 onwards. We show that the double-dip recession (2008-09 and 2012-13) has widened the gap between the two areas. The sharpest fall in GDP in the South was caused by a marked drop in investment and is associated with less favourable labour market trends. The production base of southern Italy - which has not undergone the same level of restructuring as the rest of the country - remains unfit to compete in a globalized world. The recent COVID-19 pandemic may have more long-lasting negative consequences in the South due to the fragility of its economy.

Keywords: regional inequality; Mezzogiorno (search for similar items in EconPapers)
JEL-codes: O18 R11 R12 (search for similar items in EconPapers)
Date: 2022-04
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_685_22

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