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The profit share and return on capital in Italy: a tentative interpretation

Torrini, Roberto - Banca d'Italia - 2005

manufacturing, which is more exposed to international competition, declined, together with the returns on capital stock, but …

Persistent link: https://www.econbiz.de/10005770758

Household aggregate wealth in the main OECD countries from 1980 to 2011: what do the data tell us?

Bonis, Riccardo De; Fano, Daniele; Sbano, Teresa - Banca d'Italia - 2013

This paper analyses aggregate household wealth in Canada, France, Germany, Italy, Japan, Spain, the UK and the US. Building on a new data set for the time span 1980-2011, we discuss the trends in household financial assets in the last thirty years, the reasons for differences across countries,...

Persistent link: https://www.econbiz.de/10011100332

The real estate market, the supply chain and credit: the effects of the great recession

Fabrizi, Cristina; Pico, Raffaella; Casolaro, Luca; … - Banca d'Italia - 2015

The supply chain of the real estate sector accounts for one fifth of Italian GDP; its importance for the banking system is even greater: lending to this sector accounts for more than one third of total loans to the private sector. The crisis in the construction and real estate sector started...

Persistent link: https://www.econbiz.de/10011206251

Welcome to the machine: firms' reaction to low-skilled immigration

Accetturo, Antonio; Bugamelli, Matteo; Lamorgese, Andrea - Banca d'Italia - 2012

We assess the impact of low-skilled immigration on capital intensity. We first present a model characterized by … immigration-induced reduction of their workforce's skill level by increasing the capital-labor ratio. We test the predictions of … and network effects, raises capital intensity. In line with the predictions of the theoretical model, the impact of …

Persistent link: https://www.econbiz.de/10009645789

Firm investment and monetary transmission in the euro area

Chatelain, J. B.; Generale, Andrea; Hernando, I.; … - Banca d'Italia - 2001

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest countries of the euro area (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing over 215,000 observations from 1985 to 1999, we...

Persistent link: https://www.econbiz.de/10005113530

Investment and Growth in Europe and in the United States in the Nineties

Caselli, Paola; Pagano, Patrizio; Schivardi, Fabiano - Banca d'Italia - 2000

The paper analyses the sharp divergence in the nineties between capital formation in the main euro area countries, on … and service sectors on capital stock, investment and value added. Our econometric estimates of an investment function … that links the growth of capital stock to value added for both the euro area countries and the Anglo-Saxon countries …

Persistent link: https://www.econbiz.de/10005196846

Assessing the vulnerability of emerging Asia to external demand shocks: the role of China

Marconi, Daniela; Painelli, Laura - Banca d'Italia - 2009

large share of activity in the manufacturing sector is export oriented, we expect fixed capital investment in this sector to ….9 and 1. Taking into account the dominant contribution of capital accumulation to Chinese GDP growth, we conclude that the …

Persistent link: https://www.econbiz.de/10005770792

The international crisis and the Italian productive system: a firm-level study

Bugamelli, Matteo; Cristadoro, Riccardo; Zevi, Giordano - Banca d'Italia - 2009

We study the effects of the world economic crisis which began in 2007 on the Italian productive system. National accounts data are supplemented with information gathered in spring 2009 from the Bank of Italyï¿½s survey on industrial and service firms, and from interviews with about 70 of...

Persistent link: https://www.econbiz.de/10008543203

A homogeneous reconstruction of regional data: household accounts and disposable income, 1970-1995

Berrettoni, Pierpaolo; Delogu, Roberto; Pappalardo, Carmine - Banca d'Italia - 1999

The paper reconstructs the items of the regional accounts, disposable income and wealth of the household sector for the North-West, North-East, Centre, and South and Islands for the years 1970-1995. The analysis is significant for the length of the sample period, the number of time series...

Persistent link: https://www.econbiz.de/10005609364

The effect of investment tax credit: Evidence from an atypical programme in Italy

Bronzini, Raffaello; Blasio, Guido de; Pellegrini, Guido; … - Banca d'Italia - 2008

This paper examines how business investment responds to investment tax credit, as enacted by Italyï¿½s Law 388/2000. To assess whether the programme made investments possible that otherwise would not have been made, it exploits some features of the tax credit scheme, such as the fact that...

Persistent link: https://www.econbiz.de/10005609409