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http://hdl.handle.net/1893/1238| Appears in Collections: | Economics Working Papers |
| Peer Review Status: | Unrefereed |
| Title: | Interest rates and convergence across Italian regions |
| Author(s): | 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 Economics Finance Italy Interest rates Italy Econometric models Interest rates Italy |
| JEL Code(s): | C23: Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models E43: Interest Rates: Determination, Term Structure, and Effects R11: Regional Economic Activity: Growth, Development, Environmental Issues, and Changes R15: General Regional Economics: Econometric and Input-Output Models; Other Models |
| Issue Date: | 1-May-2009 |
| Date Deposited: | 26-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 Paper |
| URI: | http://hdl.handle.net/1893/1238 |
| Affiliation: | Economics Economics University of Naples Parthenope |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| SEDP-2009-13-Dow-Montagnoli-Napolitano.pdf | Fulltext - Accepted Version | 149.41 kB | Adobe PDF | View/Open |
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