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Human Capital and the Regional Italian Growth: Why Does Unemployment Matter?

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  • Luciano Mauro

    (Università di Trieste)

Abstract

In this paper we propose a growth model with an imperfect labor market in which the accumulation of human capital is the output of a learning-by-doing process where scholastic knowledge must be combined with working experience. The dynamic steady state of the model implies a negative relationship between long run growth and equilibrium unemployment rate. Along the transitional dynamics, economies starting with a relative human capital

Suggested Citation

  • Luciano Mauro, 2002. "Human Capital and the Regional Italian Growth: Why Does Unemployment Matter?," Rivista di Politica Economica, SIPI Spa, vol. 92(5), pages 127-154, September.
    • Handle: RePEc:rpo:ripoec:v:92:y:2002:i:5:p:127-154
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    Cited by:

    1. Rosa Bernadini Papalia & Silvia Bertarelli, 2013. "Identification and Estimation of Club Convergence Models with Spatial Dependence," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 37(6), pages 2094-2115, November.
    2. Mauro, Luciano, 2004. "The macroeconomics of Italy: a regional perspective," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 927-944, December.
    3. Vincenzo, Claudio Genna, 2006. "The Italian Mezzogiorno: From a "National Matter" to an "European Opportunity"," ERSA conference papers ersa06p663, European Regional Science Association.

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