Structural Instability and Unemployment: Evidence from Italian Regions
Univ. of Siena Economics Working Paper No. 292
Posted: 7 Jul 2001
Date Written: July 2000
This paper comes from research conducted for the I.D.E.E. project. Taking data from Italian regions, the dynamics of a multisector economy is studied by the use of the Framework Space, an analytical tool proposed by Boehm and Punzo (1998). Quantitative analysis of the dynamics is carried out by considering elements of Markov Chains theory. Dualism in Italian regions appears also in terms of different sectoral dynamics; then, it is shown that the latter can explain part of the differences in unemployment levels between North-Centre and South regions.
JEL Classification: O41, R00, J64
Suggested Citation: Suggested Citation