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The Economic Lag of the Mezzogiorno: A Steady State?

Author

Listed:
  • Francesco Pigliaru
Abstract
In this article I maintain that until the mid-Seventies the regions of the Italian Mezzogiorno followed a path first of divergence, then of convergence, reflecting a familiar pattern. The main characteristic in the case of the Mezzogiorno, however, is that the convergence phase led the area to a remarkably unfavorable steady-state. Further, I suggest that the disappointing results obtained in the area with numerous richly financed public policies are partly due to the poorer quality of the institutions in the Southern regions. In the second part of the article I discuss recent contributions that associate this failure of local institutions with the short supply of social capital, and that put its persistence down to mechanisms of intergenerational transmission of values and norms that change very slowly over time. In the final part of the paper I briefly discuss the role of economic policy faced with mechanisms of this nature.

Suggested Citation

  • Francesco Pigliaru, 2009. "The Economic Lag of the Mezzogiorno: A Steady State?," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, August.
    • Handle: RePEc:rar:journl:0118
    as

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    File URL: http://www.francoangeli.it/riviste/Scheda_Riviste.asp?IDArticolo=37048&Tipo=Articolo%20PDF
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    References listed on IDEAS

    as
    1. Guido Tabellini, 2010. "Culture and Institutions: Economic Development in the Regions of Europe," Journal of the European Economic Association, European Economic Association, vol. 8(4), pages 677-716, June.
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    4. Tabellini, Guido, 2007. "Culture and Institutions," CEPR Discussion Papers 6589, C.E.P.R. Discussion Papers.
    5. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    6. John Adams & Francesco Pigliaru (ed.), 1999. "Economic Growth and Change," Books, Edward Elgar Publishing, number 1359.
    7. Guido Tabellini, 2007. "Institutions and Culture," Working Papers 330, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    Full references (including those not matched with items on IDEAS)

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