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Bugamelli, Matteo; Infante, Luigi - Banca d'Italia - 2003

Using a very large panel dataset of Italian manufacturing firms, we test an empirical model of foreign markets participation with sunk costs. The period of analysis (1982-1999) is exceptionally informative: the large fluctuations in the lira exchange rate determined substantial flows of firms in...

Persistent link: https://www.econbiz.de/10005609387

Trade-Revealed TFP

Finicelli, Andrea; Pagano, Patrizio; Sbracia, Massimo - Banca d'Italia - 2009

We introduce a novel methodology to measure the relative TFP of the tradeable sector across countries, based on the relationship between trade and TFP in the model of Eaton and Kortum (2002). The logic of our approach is to measure TFP not from its "primitive" (the production function) but from...

Persistent link: https://www.econbiz.de/10008527059

Ricardian selection

Finicelli, Andrea; Pagano, Patrizio; Sbracia, Massimo - Banca d'Italia - 2009

We analyze the foundations of the relationship between trade and total factor productivity (TFP) in the Ricardian model …- and "many" low-productivity industries exit the market. We derive a model-based measure of this effect that requires only …

Persistent link: https://www.econbiz.de/10008527063

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

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

Mapping local productivity advantages in Italy: industrial districts, cities or both?

Giacinto, Valter Di; Gomellini, Matteo; Micucci, Giacinto; … - Banca d'Italia - 2012

We compare the magnitude of local productivity advantages associated with two different spatial concentration patterns … productivity advantages for both urban areas and industrial districts. However, firms located in urban areas reap a larger … productivity premium than those operating within districts. The advantages of industrial districts have declined over time; those …

Persistent link: https://www.econbiz.de/10009650209

Information technology and productivity changes in the Italian banking industry

Casolaro, Luca; Gobbi, Giorgio - Banca d'Italia - 2004

This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banksï¿½ displacements from the efficient frontier...

Persistent link: https://www.econbiz.de/10005467298

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 … production function that depends on the skill composition show that a firmï¿½s productivity is positively related to skill …

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

The retail activity of foreign banks in Italy: effects on credit supply to households and firms

Infante, Luigi; Rossi, Paola - Banca d'Italia - 2009

This paper investigates the effects of the increasing activity of foreign banks in Italy, distinguishing between credit granted to households and firms. Foreign banks display a differentiated degree of business expansion across the provinces, we exploit this variability to measure how foreign...

Persistent link: https://www.econbiz.de/10005029280

Are incentives for R&D effective? Evidence from a regression discontinuity approach

Bronzini, Raffaello; Iachini, Eleonora - Banca d'Italia - 2011

This paper contributes to the literature on the effectiveness of R&D incentives by evaluating a unique investment subsidy program implemented in northern Italy. Firms were invited to submit proposals for new projects and only those that scored above a certain threshold received the subsidy. We...

Persistent link: https://www.econbiz.de/10008865934