The objective of this paper is to examine the long-run determinants of internal migrations from southern Italy. In order to accomplish this task, the paper develops a bootstrap test for panel cointegration analysis with dependent units. Monte Carlo simulations show that the test, based on the Continuous-Path Block bootstrap, has good power and size properties and is robust to both short- and long-run dependence across units. The empirical analysis points to income in the sending region as a key factor of the decline of migrations, with unemployment and income differentials playing only a minor role. Copyright (c) 2007 John Wiley & Sons, Ltd.
Long-run trends in internal migrations in Italy: A study in panel cointegration with dependent units / Fachin, Stefano. - In: JOURNAL OF APPLIED ECONOMETRICS. - ISSN 0883-7252. - STAMPA. - 22:2(2007), pp. 401-428. [10.1002/jae.907]
Long-run trends in internal migrations in Italy: A study in panel cointegration with dependent units
FACHIN, Stefano
2007
Abstract
The objective of this paper is to examine the long-run determinants of internal migrations from southern Italy. In order to accomplish this task, the paper develops a bootstrap test for panel cointegration analysis with dependent units. Monte Carlo simulations show that the test, based on the Continuous-Path Block bootstrap, has good power and size properties and is robust to both short- and long-run dependence across units. The empirical analysis points to income in the sending region as a key factor of the decline of migrations, with unemployment and income differentials playing only a minor role. Copyright (c) 2007 John Wiley & Sons, Ltd.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.