The recent increase in R&D offshoring has raised fears that knowledge and competitiveness in advanced countries may be at risk of ‘hollowing out’. At the same time, economic research has stressed that this process is also likely to allow some reverse technology transfer and foster growth at...

Nordhaus (2008) has developed a testing strategy for what he calls "Baumol's diseases", by which name he designates a number of by-products of structural change that are unwanted from an economic policy perspective. He finds that the U.S. economy is strongly affected by the "diseases". This...

We assess the cost of different types of terrorist attacks on the growth of output and of its components. Private Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is respectively associated with the number of victims or the...

How does a surprise movement in stock market volatility affect our forecasts of future output across countries? This paper studies the time series and cross-sectional responses of output to variation in stock market volatility across 27 countries over 40 years, controlling for a number of...

The article aims to present and discuss estimates of levels of human and social capital in Italy’s regions over the long term, i.e., roughly from the second half of the nineteenth century up to the present day. The results are linked to newly available evidence for regional value added in...

The paper exploits a unique Chinese municipal dataset to assess the impact of Special Economic Zones on the local economy. Comparing the changes between the municipalities that created a SEZ in earlier rounds and those in later waves, I find that the SEZ program increases foreign direct...

Il lavoro descrive l’evoluzione delle province italiane nel corso di questi ultimi anni, analizzando la posizione espressa dalle aree prevalentemente distrettuali, in modo da offrire nuove evidenze sul legame tra distretto e sviluppo industriale del paese. Per l’individuazione dei distretti...

The article analyses the new estimates of regional value added in Italy, in benchmark years from 1891 to 2001, by decomposing them into activity rates and per worker productivity, in agriculture, industry, and services. The impact of activity rates and per worker productivity on the pattern of...

Il presente lavoro studia le performance di crescita delle esportazioni nelle province ad alta distrettualità. In particolare, l’analisi tratta il tema della diversificazione. L’obiettivo è verificare attraverso un test econometrico se le province che modificano la struttura produttiva...

Due to the lack of Purchasing Power Parities (PPPs) at regional level, regional Gross Domestic Product (GDP) figures have been traditionally adjusted using national PPPs. The simplifying assumption that all regions of a country have the same cost of living, and implicitly that there are no...