Abstract
The objective of this paper is to identify the long run determinants of productivity growth for the manufacturing sector of the Italian regions. Demand and supply-side factors are considered: on the demand side, we refer to the estimation of the Verdoorn effect, while, on the supply side, we explore the role of R&D expenditures and transport infrastructure endowments. Our estimation methodology consists of both pooled cross-section OLS and time series LIML estimators using data collected by CRENoS and Istat covering the period 1964–2009. We find evidence of a statistically significant Verdoorn effect. Labor costs, R&D and railway infrastructure have a positive impact on productivity growth.
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