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Local development that money canï¿½t buy: Italyï¿½s Contratti di Programma

Andini, Monica; Blasio, Guido de - Banca d'Italia - 2013

The paper evaluates the effectiveness of a major Italian place-based policy (Contratti di Programma), by means of which the state approves and finances industrial projects proposed by private firms. Using the areas to be exposed to the same policy at a later date as counterfactuals, the study...

Persistent link: https://www.econbiz.de/10011099618

The impact of local minimum wages on employment: evidence from Italy in the 1950s

Blasio, Guido de; Poy, Samuele - Banca d'Italia - 2014

This paper measures the impact of wage zones ï¿½ minimum wage differentials at the province level ï¿½ on Italy's local labor markets during the 1950s. Using a spatial regression discontinuity design, it finds that for the industrial sectors covered under wage zones there was an increase in...

Persistent link: https://www.econbiz.de/10011099715

Internal Geography and External Trade: regional disparities in Italy, 1861-2011

A'Hearn, Brian; Venables, Anthony J. - Banca d'Italia - 2011

This paper explores the interactions between external trade and regional disparities in the Italian economy since unification. It argues that the advantage of the North was initially based on natural advantage (in particular the endowment of water, intensive in silk production). From 1880...

Persistent link: https://www.econbiz.de/10009364461

Convergence among Italian Regions, 1861-2011

Iuzzolino, Giovanni; Pellegrini, Guido; Viesti, Gianfranco - Banca d'Italia - 2011

In 150 years, the trends in regional disparities in economic development within Italy have differed depending on whether they are gauged by longitude or by latitude. The disparities between western and eastern regions first widened and then closed; the North-South gap, by contrast, remains the...

Persistent link: https://www.econbiz.de/10009364471

The geographical polarization of per capita output: an analysis of the Italian case based on provincial data

Iezzi, Stefano - Banca d'Italia - 2006

Economic convergence at the sub-national level could have spatially explicit manifestations reflecting convergence clubs and other forms of geographical clustering that are not captured by an overall inequality measure. By decomposing the Theil index of per capita income inequality into between...

Persistent link: https://www.econbiz.de/10005467291

Sorting, reputation and entry in a market for experts

Sette, Enrico - Banca d'Italia - 2009

investigates under what conditions increased entry of experts increases their incentives to exert effort. The results of the model … can be applied to examine the effects of entry into the markets for doctors, lawyers, professional consultancies. …

Persistent link: https://www.econbiz.de/10008527062

The Political Economy of Investor Protection

Tommasino, Pietro - Banca d'Italia - 2006

Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...

Persistent link: https://www.econbiz.de/10005609341

Distance, bank heterogeneity and entry in local banking markets

Roberto, Felici; Marcello, Pagnini - Banca d'Italia - 2005

We examine the determinants of entry into Italian local banking markets during the period 1991-2002 and build a simple … that are closest to their pre-entry locations. We also find that large banks are more able to cope with distance …-related entry costs than small banks. Finally, we show that banks have become increasingly able to open branches in distant markets …

Persistent link: https://www.econbiz.de/10005111557

The Effects of Bank Consolidation and Market Entry on Small Business Lending

Patti, Emilia Bonaccorsi di; Gobbi, Giorgio - Banca d'Italia - 2001

shifts in market shares; deregulation has fostered entry in local credit markets and branch expansion, which in turn have … credit from local banks. In this paper we investigate the consequences of consolidation and entry for these borrowers … banks portfolios. Entry has a relatively persistent negative impact on credit supply to small and medium-sized firms. Our …

Persistent link: https://www.econbiz.de/10005111563

Does the underground economy hold back financial deepening? Evidence from the Italian credit market

Gobbi, Giorgio; Zizza, Roberta - Banca d'Italia - 2007

The paper investigates the relationship between the underground economy and financial deepening. Entrepreneurs can only access external finance by disclosing credible information in formal documentation. This may be impossible for many informal producers, who lack proper accounting records....

Persistent link: https://www.econbiz.de/10005113532