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The innovation gap of Italyï¿½s production system: roots and possible solutions

Bugamelli, Matteo; Cannari, Luigi; Lotti, Francesca; … - Banca d'Italia - 2012

The lag in innovation in Italy vis-ï¿½-vis the other main industrial countries is one of the effects of the fragmentation of the production system into many small firms that have trouble bearing the high cost of R&D and taking the related risks. Such other causes as shortages in human capital...

Persistent link: https://www.econbiz.de/10011099601

Does issuing equities help R&D activity? Evidence from unlisted Italian high-tech manufacturing firms

Magri, Silvia - Banca d'Italia - 2014

This paper evaluates the causal effect of issuing equities on the probability that a firm will engage in R&D activity. Equity is a preferable source of external finance for innovation than debt. It does not require collateral, does not exacerbate moral hazard problems connected with the...

Persistent link: https://www.econbiz.de/10011099688

Innovation and productivity in SMEs. Empirical evidence for Italy

Hall, Bronwyn H.; Lotti, Francesca; Mairesse, Jacques - Banca d'Italia - 2009

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … Italian SMEs from the ï¿½Survey on Manufacturing Firmsï¿½ conducted by Mediocredito-Capitalia covering the period 1995 … firmï¿½s productivity, especially process innovation. Among SMEs, larger and older firms seem to be less productive. …

Persistent link: https://www.econbiz.de/10005011990

Firm Size Distribution and Growth

Pagano, Patrizio; Schivardi, Fabiano - Banca d'Italia - 2001

We empirically characterize the sectoral distribution of firm size for a set of European countries, finding substantial differences. We then study the relationship between productivity growth at the sectoral level and size structure. We find a positive and robust association between average firm...

Persistent link: https://www.econbiz.de/10005113537

Evaluating the impact of innovation incentives: evidence from an unexpected shortage of funds

Blasio, Guido de; Fantino, Davide; Pellegrini, Guido - Banca d'Italia - 2011

To evaluate the effect of an R&D subsidy one needs to know what the subsidized firms would have done without the incentive. This paper studies an Italian programme of subsidies for the applied development of innovations, exploiting a discontinuity in programme financing due to an unexpected...

Persistent link: https://www.econbiz.de/10008865936

Evaluating the efficacy of European regional funds for R&D

Fantino, Davide; Cannone, Giusy - Banca d'Italia - 2013

This paper provides some empirical evidence of the impact of two policy measures designed to support innovation in small and medium firms in an Italian region, both financed using the European Structural Funds but managed at regional level. The first measure was a concessional loan to promote...

Persistent link: https://www.econbiz.de/10011099632

Evidence on the impact of R&D and ICT investment on innovation and productivity in Italian firms

Hall, Bronwyn H.; Lotti, Francesca; Mairesse, Jacques - Banca d'Italia - 2012

The paper investigates R&D and ICT investment at firm level, assessing their relative importance and the extent to which they are complements or substitutes. We use data on a large unbalanced panel sample from four consecutive waves of a survey of Italian manufacturing firms, together with a...

Persistent link: https://www.econbiz.de/10011099695

Outsourcing versus Integration at Home or Abroad

Federico, Stefano - Banca d'Italia - 2010

Using data on a sample of Italian manufacturing companies, this paper analyzes the location (at home or abroad) and the mode of organization (outsourcing versus integration) of intermediate inputs production. We find evidence of a productivity ordering (largely consistent with the assumptions in...

Persistent link: https://www.econbiz.de/10008582225

Investire in Italia? Risultati di una recente indagine empirica

Committeri, Marco - Banca d'Italia - 2004

During the past decade all industrial countries attracted sizeable inflows of foreign direct investment (FDI), excluding Italy and Japan: this fact has been interpreted as evidencing a deterioration in Italyï¿½s structural competitiveness. This paper presents the results of a survey conducted...

Persistent link: https://www.econbiz.de/10005113582

European acquisitions in the United States: re-examining Olivetti-Underwood fifty years later

Amidei, Federico Barbiellini; Goldstein, Andrea; … - Banca d'Italia - 2010

While Italy's catch-up in the course of the 20th century has been nothing short of extraordinary, it has failed to produce a large number of global business players. Nonetheless, half a century ago an Italian company concluded what was at the time the largest-ever foreign takeover of a US...

Persistent link: https://www.econbiz.de/10008587615