Consumption risk-sharing in Italy

Antonello Scorcu

Applied Economics, 1998, vol. 30, issue 3, 407-414

Abstract: This paper analyses the issue of consumption risk-sharing in the 20 Italian regions during the period 1983-94. The tests proposed allow for regional specific departures from the hypothesis of complete risk-sharing and for the existence of non-separabilities among groups of commodities. Empirical evidence suggests the rejection of the hypothesis of complete consumption risk-sharing.

Date: 1998
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DOI: 10.1080/000368498325921

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