Ciccarelli, Carlo; Fenoaltea, Stefano; Proietti, Tommaso - In: Cliometrica, Journal of Historical Economics and … 4 (2010) 3, pp. 269-292
This paper uses time-series evidence on construction movements to examine the convergence of regional business cycles in the decades that followed Italy’s unification. The aggregate series point to cyclical convergence, but a sector-level analysis traces this result to the decline in...