A regional model of Italy is presented to analyze unemployment responses to supply and demand shocks in the market for labor and goods. Both supply and demand components of unemployment are endogenous. Employment has low elasticity to output in Southern Italy where labor force increases more because of demographic and participation rate changes. This also makes it difficult to close the gap between this region and the most developed areas of the country. © 1994.
Baussola, M. L., Fiorito, R., Regional unemployment in Italy: Sources and cures, <<JOURNAL OF POLICY MODELING>>, 1994; 16 (5): 497-527. [doi:10.1016/0161-8938(94)90025-6] [http://hdl.handle.net/10807/163931]
Regional unemployment in Italy: Sources and cures
Baussola, Maurizio LuigiPrimo
;
1994
Abstract
A regional model of Italy is presented to analyze unemployment responses to supply and demand shocks in the market for labor and goods. Both supply and demand components of unemployment are endogenous. Employment has low elasticity to output in Southern Italy where labor force increases more because of demographic and participation rate changes. This also makes it difficult to close the gap between this region and the most developed areas of the country. © 1994.
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