Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159120
Authors: 
Scorcu, Antonello Eugenio
Year of Publication: 
1997
Series/Report no.: 
Quaderni - Working Paper DSE 277
Abstract (Translated): 
The hypothesis of complete consumption risk-sharing suggests that only uninsurable national and international disturbances should affect the growth of the regional consumption. Therefore, the correlation among regional consumption growth rates should be high.This work analyzes the issue of regional consumption risk-sharing in Italy over the period 1971-93. The empirical evidence is mixed: consumption correlations are high but other formal tests suggest the relevance of idiosincratic effects. In conclusion, the overall degree of consumption risksharing appears to be less than perfect.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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