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Article
Are credit constraints in Italy really more binding in the south?
Economics Bulletin (2005)
  • Claudio Lupi, University of Molise
Abstract

This paper is motivated by a very practical question: are there significant geographical differences in the accessibility to the credit market on the part of Italian households? The investigation is carried using robust probit model. Estimation is carried out in a Bayesian framework. The results are somewhat surprising, showing that the area where households are more likely to be credit constrained is not the South, as could be easily imagined, but rather the highly developed and industrialized North-West.

Keywords
  • credit constraint,
  • regional disparities,
  • robust probit,
  • Bayesian modelling
Publication Date
2005
Citation Information
Claudio Lupi. "Are credit constraints in Italy really more binding in the south?" Economics Bulletin Vol. 3 Iss. 35 (2005)
Available at: http://works.bepress.com/claudio_lupi/7/