Determinants of Total Factor Productivity in the Italian Regions
Guido Ascari () and
Valeria Di Cosmo ()
Macroeconomics from EconWPA
This paper investigates the determinants of TFP for Italian regions. We find strong evidence in favour of the factors commonly suggested by the theoretical literature. In particular, R&D expenditures and the number of researchers are positively related to regional TFP. Moreover, human capital is an important determinant of TFP. Finally, we find a strong difference between Northern and Southern regions, particularly regarding the effect of research activity and social capital. Our results are robust across different estimation methods.
Keywords: Total factor productivity; Italian regions; panel data; human capital; social capital (search for similar items in EconPapers)
JEL-codes: O47 C23 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff, nep-geo, nep-hrm, nep-ino and nep-soc
Note: Type of Document - pdf; pages: 26. University of Pavia, Department of Economics, Working Paper # 170 (12-04)
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Journal Article: Determinants of total factor productivity in the italian Regions (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0511009
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