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Politicians at work. The private returns and social costs of political connections

Cingano, Federico; Pinotti, Paolo - Banca d'Italia - 2009

, and it is not related to improvements in firm productivity. The connection premium is positive for upstream producers for …

Persistent link: https://www.econbiz.de/10005029281

Delayed privatization

Bortolotti, Bernardo; Pinotti, Paolo - Banca d'Italia - 2008

This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration …: privatization is delayed longer in democracies characterized by a larger number of parties and operating under proportional …

Persistent link: https://www.econbiz.de/10005467293

Why Do Banks Merge?

Focarelli, Dario; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 1999

The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. By considering both acquisitions (i.e. the purchase of the majority...

Persistent link: https://www.econbiz.de/10005113557

How are firms' wages and prices linked: survey evidence in Europe

Druant, Martine; Fabiani, Silvia; Kezdig, Gabor; Lamo, Ana - Banca d'Italia - 2009

This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and covering various sectors. Several conclusions are...

Persistent link: https://www.econbiz.de/10008527061

Wage adjustment by Italian firms: any difference during the crisis? A survey-based analysis

Fabiani, Silvia; Sabbatini, Roberto - Banca d'Italia - 2011

, reflecting not only institutional constraints, but also an attempt to avoid a negative impact on their productivity. During the …

Persistent link: https://www.econbiz.de/10009147375

Labor market pooling: evidence from Italian industrial districts

Blasio, Guido De; Addario, Sabrina Di - Banca d'Italia - 2002

The paper provides an empirical investigation of labor market pooling. The analysis concentrates on Italian industrial districts and shows that there is fragmentary evidence of a widespread wage premium. In particular, there is no evidence of district differentials for the returns to seniority...

Persistent link: https://www.econbiz.de/10005467317

The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany

Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Banca d'Italia - 2009

activities have affected banksï¿½ productivity in the period 1994-2004, differentiating between technical change, efficiency … change and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if … they subsequently merged with other banks. German banks were still able to increase their productivity through …

Persistent link: https://www.econbiz.de/10008459744

The profit share and return on capital in Italy: a tentative interpretation

Torrini, Roberto - Banca d'Italia - 2005

began in the first half of the 1990s. They led to a rapid growth in total factor productivity and a deceleration in wages …

Persistent link: https://www.econbiz.de/10005770758

The regulatory reforms in Italian local public services: an overview and some lessons for the future

Bianco, Magda; Sestito, Paolo - Banca d'Italia - 2008

The paper summarizes the framework used in a research project on local public services carried out by Bank of Italy researchers. It discusses motivations, characteristics, results and general lessons of the project, whose sector-specific results are detailed in individual papers. The project was...

Persistent link: https://www.econbiz.de/10005609414

Project finance in local public services: little finance and little project?

Bentivogli, Chiara; Panicara, Eugenia; Tidu, Alfredo - Banca d'Italia - 2008

This paper analyzes the potential and the limits of project finance for the provision of local public services and compares them with alternative instruments in the light of current regulation. The main requirements for project finance, even in non “pure” forms, to justify its complex...

Persistent link: https://www.econbiz.de/10005113686