Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/1238
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
Title: Interest rates and convergence across Italian regions
Authors: Dow, Sheila
Montagnoli, Alberto
Napolitano, Oreste
Contact Email: s.c.dow@stir.ac.uk
Citation: Dow S, Montagnoli A & Napolitano O (2009) Interest rates and convergence across Italian regions. Stirling Economics Discussion Paper, 2009-13.
Keywords: interest rates
unit root
panel data
convergence
Italy
JEL Code(s): C23
E43
R11
R15
Issue Date: May-2009
Series/Report no.: Stirling Economics Discussion Paper, 2009-13
Abstract: 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. Our results indicate the presence of persistent interest rate differentials, and thus an absence of convergence across the twenty political regions, but we observe a high degree of convergence within the four macroeconomic areas. On the other hand we find evidence of a strong level of homogeneity in credit conditions within each of the four macroeconomic regions.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/1238
Affiliation: Economics
Economics
University of Naples Parthenope

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