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Bentivogli, Chiara; Quintiliani, Fabio; Sabbatini, Daniele - Banca d'Italia - 2013

mergers, but may prove ineffective as a substitute for firmsï¿½ growth. The network contract is a comparatively more flexible …¿½s size and growth; this shows that the network does not seem to be the solution to small size problems; ii) the degree of …

Persistent link: https://www.econbiz.de/10011105113

Endogenous Growth with Intertemporally Dependent Preferences

Ferraguto, Giuseppe; Pagano, Patrizio - Banca d'Italia - 2000

This paper presents an endogenous growth model with intertemporally dependent preferences and "Ak" technology. We … derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the … equilibrium dynamics of the economy, and explore the implications of habit formation for the patterns of cross-country growth and …

Persistent link: https://www.econbiz.de/10005609353

Trade openness and international fragmentation of production in the European Union: the new divide?

Guerrieri, Paolo; Caffarelli, Filippo Vergara - Banca d'Italia - 2012

weaken a countryï¿½s position in global production networks, with long-term negative effects on domestic jobs and growth. …

Persistent link: https://www.econbiz.de/10009654296

Ingredients for the New Economy: How Much does finance matter?

Bugamelli, Matteo; Pagano, Patrizio; Francesco Paternï¿½ - Banca d'Italia - 2001

Both macro and (still scarce) micro evidence support the idea that a new economy is emerging in the US, not (yet) in Europe. Some have argued that the inadequacies of Europeï¿½s financial system are an important part of the explanation. This paper, after surveying the existing literature on...

Persistent link: https://www.econbiz.de/10005609355

Competing influence

Sette, Enrico - Banca d'Italia - 2008

This paper investigates the incentives of experts competing to influence decision making. Competition for influence is shown to have an ambiguous effect on truthtelling incentives and a decision maker might be better off relying on one source of information only. This result has important...

Persistent link: https://www.econbiz.de/10005609367

Barriers to investment in ICT

Bugamelli, Matteo; Pagano, Patrizio - Banca d'Italia - 2001

We investigate the diffusion of information and communication technologies (ICT) in Italian manufacturing using microdata. We find a positive correlation at firm level between ICT investment, human capital of the labor force and reorganization. Starting from row data, we build a measure of ICT...

Persistent link: https://www.econbiz.de/10005609371

The Italian firms between crisis and the new globalization

Accetturo, Antonio; Giunta, Anna; Rossi, Salvatore - Banca d'Italia - 2011

This paper analyzes the characteristics of Italian firms involved in global value chains (ï¿½intermediateï¿½ firms) by using the Bank of Italy survey on industrial companies. Intermediate firms show, on average, worse features than ï¿½finalï¿½ firms: smaller size, lower share of...

Persistent link: https://www.econbiz.de/10008835088

Trade elasticity and vertical specialisation

Buono, Ines; Caffarelli, Filippo Vergara - Banca d'Italia - 2013

This paper shows that vertical specialisation can increase the elasticity of trade to income, hence explaining dramatic events such as the great trade collapse. We argue that a change in the extent of vertical specialisation affects the elasticity of trade to income, while a mere change in...

Persistent link: https://www.econbiz.de/10011099619

Traditional industrial districts in the face of globalization: the case of the Marche footwear district

Cutrini, Eleonora; Micucci, Giacinto; Montanaro, Pasqualino - Banca d'Italia - 2013

goods, including outsourcing abroad. This study shows that firms which focused on quality did better than others, both in …

Persistent link: https://www.econbiz.de/10011100346

Skill dispersion and firm productivity; an analysis with employer-employee matched data

Iranzo, Susanna; Schivardi, Fabiano; Tosetti, Elisa - Banca d'Italia - 2006

We study the relation between workersï¿½ skill dispersion and firm productivity using a unique dataset of Italian manufacturing firms from the early eighties to the late nineties with individual records on all their workers. Our measure of skill is the individual workerï¿½s effect obtained...

Persistent link: https://www.econbiz.de/10005113638