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Industry in the South of Italy and the crisis

Raffaello Bronzini (), Luigi Cannari (), Alessandra Staderini (), Laura Conti (), Leandro D�Aurizio (), Alessandro Fabbrini (), Andrea Filippone (), Giuseppe Ilardi, Giovanni Iuzzolino (), Pasqualino Montanaro (), Marco Paccagnella, Valeria Pellegrini () and Raffaele Santioni ()
Additional contact information
Alessandra Staderini: Banca d'Italia
Laura Conti: Banca d'Italia
Leandro D�Aurizio: Banca d'Italia
Alessandro Fabbrini: Banca d'Italia
Andrea Filippone: Banca d'Italia
Giovanni Iuzzolino: Banca d'Italia
Pasqualino Montanaro: Banca d'Italia
Valeria Pellegrini: Banca d'Italia

No 194, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: In the last decade, and especially in the course of the recent global economic slowdown, the gap between southern and northern industry has widened. Industrial investment and employment decreased more sharply in the South than in the rest of Italy, and the contribution of the southern regions to the total industrial value added diminished. In this report we analyse southern industry micro- and macro-economically, showing that the area suffers from the same structural problems that affect the Italian economy overall, but more severely: small firm size, specialization in relatively low-tech sectors, and scant innovation and internationalization. Although the weaknesses prevail over the strengths, there are signs of vitality for some local productive systems and types of firms, mainly large enterprises.

Keywords: industry dynamics; regional growth; agglomeration (search for similar items in EconPapers)
JEL-codes: L60 R00 D20 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-cse, nep-sbm and nep-ure
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