Risk Sharing nelle regioni italiane dal 1960 al 2001: alcune valutazioni empiriche

Elisa Bartocci ()
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Elisa Bartocci: University of Bologna

Rivista di Politica Economica, 2009, vol. 99, issue 2, 67-106

Abstract: This paper suggests an empirical evaluation of Risk Sharing hypothesis on regional per capita real consumption and income through annual observations over a period of 42 years (1960-2001). Bearing in mind the pre-existing Italian literature we point out new empirical research views: we rethink data aggregation principle trying to reduce probability of not rejecting the null; we detect different dataset frequencies to call attention to different ranks of persistence on regional income; finally, we evaluate regional trend exclusion from long term equilibrium analysis. Results are significantly linked to trend component.

Keywords: risk sharing; Italy, regions, panel cointegration (search for similar items in EconPapers)
JEL-codes: C33 E21 (search for similar items in EconPapers)
Date: 2009
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