Please use this identifier to cite or link to this item:
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:
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
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
Affiliation: Economics
University of Naples Parthenope

Files in This Item:
File Description SizeFormat 
SEDP-2009-13-Dow-Montagnoli-Napolitano.pdfFulltext - Accepted Version149.41 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.