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Risk Sharing nelle regioni italiane dal 1960 al 2001: alcune valutazioni empiriche

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  • Elisa Bartocci

    (University of Bologna)

Abstract

This paper suggests an empirical evaluation of Risk Sharing hypothesis on regional per capita real consumption and income through annual observations over a period of 42 years (1960-2001). Bearing in mind the pre-existing Italian literature we point out new empirical research views: we rethink data aggregation principle trying to reduce probability of not rejecting the null; we detect different dataset frequencies to call attention to different ranks of persistence on regional income; finally, we evaluate regional trend exclusion from long term equilibrium analysis. Results are significantly linked to trend component.

Suggested Citation

  • Elisa Bartocci, 2009. "Risk Sharing nelle regioni italiane dal 1960 al 2001: alcune valutazioni empiriche," Rivista di Politica Economica, SIPI Spa, vol. 99(2), pages 67-106, April-Jun.
    • Handle: RePEc:rpo:ripoec:v:99:y:2009:i:2:p:67-106
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    More about this item

    Keywords

    risk sharing; Italy; regions; panel cointegration;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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