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Beyond Regional Institutions: Widening Unemployment Differentials in Italy
Author(s) -
Limosani Michele
Publication year - 2004
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/j.1121-7081.2004.00272.x
Subject(s) - unemployment , differential (mechanical device) , productivity , economics , panel data , labour economics , empirical evidence , relation (database) , econometrics , demographic economics , macroeconomics , philosophy , epistemology , database , computer science , engineering , aerospace engineering
Abstract. Building on Layard and Jackman's framework, we propose a simple model to analyse the relation between labour productivity and unemployment differentials in Italy and present some panel data evidence to support the theoretical predictions of the model. The empirical analysis strongly suggests that the productivity differential is one of the main factors driving the dynamics of the unemployment differential in Italy.