@article {594,
	title = {Income distribution dynamics among Italian provinces. The role of Bank Foundations},
	journal = {Applied Economics},
	volume = {51},
	year = {2019},
	pages = {3198-3211},
	publisher = {Routledge},
	abstract = {<p>This paper investigates the convergence process and the distribution dynamics of income among Italian NUTS-3 provinces between 2003 and 2011. Findings show the existence of multiple steady-state equilibria which is consistent with the well-documented persistence in income disparities among Italian provinces. The role of grant-making activities by Bank Foundations is assessed on a conditioning scheme. Results suggest that Bank Foundations can affect the shape of the distribution of income and, in the long run, reduce polarization with a tendency for income to collapse towards a unimodal distribution. {\textcopyright} 2019, {\textcopyright} 2019 Informa UK Limited, trading as Taylor \&amp; Francis Group.</p>
},
	keywords = {banking, convergence, income distribution, Italy},
	issn = {00036846},
	doi = {10.1080/00036846.2019.1572866},
	url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85061431000\&doi=10.1080\%2f00036846.2019.1572866\&partnerID=40\&md5=b04d4ccf7eec9541674ca1ee3e6fe5bf},
	author = {Calcagnini, G. and Perugini, F.}
}
