The effects of COVID-19 on the Italian economy were uneven across regions, with a slightly more severe impact in the North and a slower recovery in the South. The main determinants of the observed differences are investigated, focusing on regional struc-tural factors such as sectoral composition, propensity to remote working, availability of human capital and technology, international openness, participation in global value chains. The analysis on short-term resilience in 2020 is complemented by a discussion on perspectives of growth for the 2021-2024 period, highlighting the elements of weakness of the Southern economy and the role possibly played by public policies.
The economic effects of Covid-19 in Italian regions. Evidence, expectations, policies
Carmelo Petraglia;Domenico Scalera;
2022-01-01
Abstract
The effects of COVID-19 on the Italian economy were uneven across regions, with a slightly more severe impact in the North and a slower recovery in the South. The main determinants of the observed differences are investigated, focusing on regional struc-tural factors such as sectoral composition, propensity to remote working, availability of human capital and technology, international openness, participation in global value chains. The analysis on short-term resilience in 2020 is complemented by a discussion on perspectives of growth for the 2021-2024 period, highlighting the elements of weakness of the Southern economy and the role possibly played by public policies.| File | Dimensione | Formato | |
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