Supply and demand-side determinants of productivity growth in Italian regions

Emanuele Millemaci and Ferdinando Ofria ()

Structural Change and Economic Dynamics, 2016, vol. 37, issue C, 138-146

Abstract: The objective of this paper is to identify the long run determinants of productivity growth for the manufacturing sector of the Italian regions. Demand and supply-side factors are considered: on the demand side, we refer to the estimation of the Verdoorn effect, while, on the supply side, we explore the role of R&D expenditures and transport infrastructure endowments. Our estimation methodology consists of both pooled cross-section OLS and time series LIML estimators using data collected by CRENoS and Istat covering the period 1964–2009. We find evidence of a statistically significant Verdoorn effect. Labor costs, R&D and railway infrastructure have a positive impact on productivity growth.

Keywords: Kaldor–Verdoorn law; Increasing returns; Productivity; Manufacturing; Italian regions; R&D; Infrastructures (search for similar items in EconPapers)
JEL-codes: C23 O14 O32 O47 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:37:y:2016:i:c:p:138-146

DOI: 10.1016/j.strueco.2016.04.001

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