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Home or away? Gender differences in the effects of an expansion of tertiary education supply
Rizzica, Lucia - Banca d'Italia - 2013
The aim of this paper is to estimate the effects of the expansion of tertiary education supply on the educational choices of young Italian high school graduates. A quasi-experimental setting given by the reform of the tertiary education system implemented in 2001 is exploited. The reform was...
Persistent link: https://www.econbiz.de/10011100403
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Determinants of long-run regional productivity: the role of R&D, human capital and public infrastructure
Bronzini, Raffaello; Piselli, Paolo - Banca d'Italia - 2006
In this paper we estimate the long-run relationship between regional total factor productivity, R&D, human capital and public infrastructure between 1980 and 2001. We take advantage of recent developments panel cointegration techniques that control for endogeneity of regressors to estimate...
Persistent link: https://www.econbiz.de/10005609389
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Labor market pooling: evidence from Italian industrial districts
Blasio, Guido De; Addario, Sabrina Di - Banca d'Italia - 2002
the likelihood of transiting from wage-and-salary to self-employment. Finally, there is no evidence of higher district …
Persistent link: https://www.econbiz.de/10005467317
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The producer service sector in Italy: Long-term growth and its local determinants
Giacinto, Valter Di; Micucci, Giacinto - Banca d'Italia - 2007
, we estimate a dynamic specification allowing for transitory dynamics around the long-run employment path derived from a … following. Long-run employment growth is positively affected by Marshall-Arrow-Romer externalities, with a minor role played by … industrial districts. Among the remaining supply factors, human capital exerts a positive influence on the long-run employment …
Persistent link: https://www.econbiz.de/10005113655
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Low skilled immigration and the expansion of private schools
Dottori, Davide; Shen, I-Ling - Banca d'Italia - 2009
A political-economic model is provided to study the impact of low-skilled immigration on the receiving country's education system, in terms of sources of school funding, expenditure per pupil, and type of parents who are more likely to send children to privately funded schools. The education...
Persistent link: https://www.econbiz.de/10008496432
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The Italian system of public research
Montanaro, Pasqualino; Torrini, Roberto - Banca d'Italia - 2014
Investment in public research in Italy is below the European average as a percentage of GDP. Nevertheless, in relation to expenditure and the number of researchers, the output is high, and the quality of research, conducted in universities and research organizations, is close to that of such...
Persistent link: https://www.econbiz.de/10011100379
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The relationship between the PMI and the Italian index of industrial production and the impact of the latest economic crisis
Aprigliano, Valentina - Banca d'Italia - 2011
Survey data attract considerable interest as timely and reliable series for assessing the state of the economy. We investigate the relationship between the manufacturing PMI and the Index of Industrial Production (IPI) for Italy, with a special focus on the effects of the latest crisis. The...
Persistent link: https://www.econbiz.de/10009350679
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Bond risk premia, macroeconomic fundamentals and the exchange rate
Pericoli, Marcello; Taboga, Marco - Banca d'Italia - 2009
We introduce a two-country no-arbitrage term-structure model to analyse the joint dynamics of bond yields, macroeconomic variables, and the exchange rate. The model allows to understand how exogenous shocks to the exchange rate affect the yield curves, how bond yields co-move in different...
Persistent link: https://www.econbiz.de/10005113551
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Ita-coin: a new coincident indicator for the Italian economy
Aprigliano, Valentina; Bencivelli, Lorenzo - Banca d'Italia - 2013
In this paper we present a coincident indicator for the Italian economy, Ita-coin. We construct a multivariate filter based on a broad information set, whose dimension is reduced by the Generalized Dynamic Factor Model (GDFM) approach proposed by Forni et al. (2002). A regression based on the...
Persistent link: https://www.econbiz.de/10011099638
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Canonical term-structure models with observable factors and the dynamics of bond risk premiums
Pericoli, Marcello; Taboga, Marco - Banca d'Italia - 2006
We study the dynamics of risk premiums on the German bond market, employing no-arbitrage term-structure models with both observable and unobservable state variables, recently popularized by Ang and Piazzesi (2003). We conduct a specification analisys based on a new canonical representation for...
Persistent link: https://www.econbiz.de/10005113607