The development planning of the Italian Mezzogiorno: A statistical-mathematical analysis by a Real Business Cycle model

Rosa Ferrentino and Luca Vota

Socio-Economic Planning Sciences, 2024, vol. 96, issue C

Abstract: Since the 1950s, the regions of the Italian South (Mezzogiorno) have benefited from large in-kind transfers (namely, the provision of goods and services financed by the richer Northern regions) with the aim of favouring their economic development. The research aim of this manuscript is to evaluate this planning strategy, namely, to understand whether the territorial transfers boost the Mezzogiorno's development or, on the contrary, whether the crowding-out effect of the final government expenditure on private investment and household consumption is the reason for the longstanding low growth of this geographical area.

Keywords: Crowding-out; Real business cycle (RBC); Mezzogiorno question; Mathematical methods for economics (search for similar items in EconPapers)
JEL-codes: C32 H41 O47 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:96:y:2024:i:c:s0038012124002210

DOI: 10.1016/j.seps.2024.102022

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