CLUB PERFORMANCE DYNAMICS AT ITALIAN REGIONAL LEVEL
Juan Brida (),
Nicolás Garrido and
Francesco Mureddu ()
Regional and Sectoral Economic Studies, 2014, vol. 14, issue 1, 47-68
This paper analyzes the dynamic economic performance of the Italian regions during the period 1970-2004. The performance is given by the transitions between regimes defined by the level and the growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths of the Italian regions. Afterwards, a Minimal Spanning Tree and a Hierarchical Tree are constructed from time series in order to assess the existence of groups of regions sharing similar economic performance. Two main clusters are identified, representing high performance and low performance regions, alongside other two small clusters displaying regions with similar dynamic behaviour. The high performance cluster comprises mainly regions from the north, showing the presence of agglomeration externalities. Turning to the evolution of clusters, we see a similar path until 1975, after which the two groups start to slightly diverge. Studying the evolution of each cluster’s diameter we find substantial convergence within the two groups. Splitting the sample into two periods (1975-1993 and 1994-2005) the hypothesis of two performance clubs is confirmed. The club shift of some regions hints a strong effect on regional economic dynamics of the Italian 1994 crisis. The final analysis of the distance between the two clusters show that in the first period (1975-1993) the distance between the two group was constant, while in the second one (1994-2005) it has increased.
Keywords: economic convergence; economic dualism, hierarchical clustering. (search for similar items in EconPapers)
JEL-codes: C14 C24 L83 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Working Paper: Club performance dynamics at Italian regional level (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eaa:eerese:v:14:y2014:i:1_4
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Regional and Sectoral Economic Studies from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().