Article in Journal ()
Dow S, Montagnoli A & Napolitano O (2012) Interest Rates and Convergence across Italian Regions, Regional Studies, 46 (7), pp. 893-905.
The purpose of this paper is to investigate the evidence for economic convergence across Italian regions using trends in interest rate spreads and premia as indicators of regional credit conditions. The results indicate the presence of persistent interest rate differentials, and thus an absence of convergence across the twenty political regions, but a high degree of convergence is observed within the four macroeconomic areas.
Interest rates; Unit root; Panel data; Convergence; Italy
|Authors||Dow Sheila, Montagnoli Alberto, Napolitano Oreste|
|Publication date online||18/02/2011|
|Publisher||Taylor and Francis|
Regional Studies: Volume 46, Issue 7 (2012)