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Service regulation and growth: evidence from OECD countries
Barone, Guglielmo; Cingano, Federico - Banca d'Italia - 2008
results indicate that lower service regulation translates into faster value added, productivity, and export growth of … downstream service-intensive industries. The negative growth-effect of anti-competitive regulation is particularly relevant in …
Persistent link: https://www.econbiz.de/10005113605
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Output growth volatility and remittances
Bugamelli, Matteo; Francesco Patern� - Banca d'Italia - 2008
Since output growth volatility has negative effects on growth, poverty and welfare, especially in poorer countries, it …. Remittances can help reduce output growth volatility thanks to their considerable magnitude, stability and low pro … over the period 1980-2003, we provide robust evidence that remittances are negatively correlated to output growth …
Persistent link: https://www.econbiz.de/10005770755
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Financial inclusion - G20 initiatives and the role of the Bank of Italy
Gomel, Giorgio; Bernasconi, Fabio; Cartechini, … - Banca d'Italia - 2011
Financial exclusion concerns 2.5 billion individuals and more than 450 million enterprises. The G20 countries are committed to the reduction of this phenomenon. The Bank of Italy has a fundamental role in the field of financial inclusion, both on a national and an international scale through...
Persistent link: https://www.econbiz.de/10009193018
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The determinants of household debt: a cross-country analysis
Coletta, Massimo; Bonis, Riccardo De; Piermattei, Stefano - Banca d'Italia - 2014
In most countries household debt increased from the 1990s until the crisis of 2007-2008 before stabilizing due to recession and deleveraging. However, there are national differences in household debt/GDP ratios. This paper studies the determinants of household debt, using a 32-country dataset...
Persistent link: https://www.econbiz.de/10011105135
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Weak institutions and credit availability: the impact of crime on bank loans
Patti, Emilia Bonaccorsi di - Banca d'Italia - 2009
This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over 300,000 bank-firm relationships. Controlling for firm, market and bank characteristics the results show that where the crime rate is higher borrowers pay higher interest rates,...
Persistent link: https://www.econbiz.de/10005092587
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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
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What determines debt intolerance? The role of political and monetary institutions
Giordano, Raffaela; Tommasino, Pietro - Banca d'Italia - 2009
Why do some states default on their debt more often than others? We argue that sovereign default is the outcome of a political struggle among different groups of citizens. It is more likely to happen if: (i) domestic debt-holders are relatively weak; (ii) the the political costs of the financial...
Persistent link: https://www.econbiz.de/10005113601
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A primer on R&D cooperation among firms
Marinucci, Marco - Banca d'Italia - 2012
that R&D cooperation is usually considered welfare improving and can be promoted by several policies. Finally, we discuss …
Persistent link: https://www.econbiz.de/10011105128
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Funzionamento della giustizia civile e struttura finanziaria delle imprese: il ruolo del credito commerciale
Carmignani, Amanda - Banca d'Italia - 2004
This paper empirically investigates the role of the efficiency of judicial enforcement in shaping firms� financial structure, by focusing on the choice between trade credit and alternative external sources. Suppliers have an advantage over other short-term lenders in enforcing credit...
Persistent link: https://www.econbiz.de/10005467310
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The effect of organized crime on public funds
Barone, Guglielmo; Narciso, Gaia - Banca d'Italia - 2013
Organized crime is widely regarded as damaging to the economy, to say nothing of people�s lives. Yet little is known about the mechanism at work. This paper helps fill the gap by analyzing the impact of organized crime on the allocation of public subsidies to businesses. We assemble an...
Persistent link: https://www.econbiz.de/10011099636