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The network contract
Bentivogli, Chiara; Quintiliani, Fabio; Sabbatini, Daniele - Banca d'Italia - 2013
mergers, but may prove ineffective as a substitute for firms� growth. The network contract is a comparatively more flexible … contract adds to a plethora of incentives that distort firms� choices. Members of a network contract have often a pre … located in faraway regions. Probit regressions show: i) the probability of entering a network contract increases with firmï …
Persistent link: https://www.econbiz.de/10011105113
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Trade openness and international fragmentation of production in the European Union: the new divide?
Guerrieri, Paolo; Caffarelli, Filippo Vergara - Banca d'Italia - 2012
This paper analyses the relationship between international fragmentation of production, trade openness and global export performance in the European Union from 2000 to 2009. As most trade models featuring international production sharing show, the higher the level of fragmentation and related...
Persistent link: https://www.econbiz.de/10009654296
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Ingredients for the New Economy: How Much does finance matter?
Bugamelli, Matteo; Pagano, Patrizio; Francesco Patern� - 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 Europe�s financial system are an important part of the explanation. This paper, after surveying the existing literature on...
Persistent link: https://www.econbiz.de/10005609355
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Competing influence
Sette, Enrico - Banca d'Italia - 2008
This paper investigates the incentives of experts competing to influence decision making. Competition for influence is shown to have an ambiguous effect on truthtelling incentives and a decision maker might be better off relying on one source of information only. This result has important...
Persistent link: https://www.econbiz.de/10005609367
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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
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The Italian firms between crisis and the new globalization
Accetturo, Antonio; Giunta, Anna; Rossi, Salvatore - Banca d'Italia - 2011
This paper analyzes the characteristics of Italian firms involved in global value chains (�intermediate� firms) by using the Bank of Italy survey on industrial companies. Intermediate firms show, on average, worse features than �final� firms: smaller size, lower share of...
Persistent link: https://www.econbiz.de/10008835088
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Trade elasticity and vertical specialisation
Buono, Ines; Caffarelli, Filippo Vergara - Banca d'Italia - 2013
This paper shows that vertical specialisation can increase the elasticity of trade to income, hence explaining dramatic events such as the great trade collapse. We argue that a change in the extent of vertical specialisation affects the elasticity of trade to income, while a mere change in...
Persistent link: https://www.econbiz.de/10011099619
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Traditional industrial districts in the face of globalization: the case of the Marche footwear district
Cutrini, Eleonora; Micucci, Giacinto; Montanaro, Pasqualino - Banca d'Italia - 2013
This paper studies the case of the Marche footwear districts. Statistical evidence and interviews with entrepreneurs suggest that the traditional inter-firm relationships within these districts have significantly changed during the past decade. Some leading firms have been building up more...
Persistent link: https://www.econbiz.de/10011100346
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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 workers� skill dispersion and firm productivity using a unique dataset of Italian manufacturing firms from the early eighties to the late nineties with individual records on all their workers. Our measure of skill is the individual worker�s effect obtained...
Persistent link: https://www.econbiz.de/10005113638