Diverse economies drive local growth in Italy, shaping future prosperity.
The article examines how different factors influence economic growth in Italy's local areas from 1991 to 2001. It looks at both manufacturing and service sectors to understand the overall economic system. The researchers found that local growth varies across regions and sectors, with diversity being beneficial for industry growth but specialization having a negative impact. They also discovered that factors like human capital, social environment, and network connections play a role in local growth. Additionally, they identified spatial patterns in economic growth, showing that neighboring areas can influence each other's development.