This paper investigates on the role played by public capital in increasing the productivity levels in Italy. For the construction of the regional series for the public capital stock over the period 1996-2003, the study benefits from the use of the rich dataset on public expenditure, recently...

This paper aims at contributing to the growing literature on the influence of public capital to the overall productivity levels. Using a panel of 20 Italian regions over the period 1970-1995 we estimate a production function which includes as inputs - units of labour, private capital and public...

This paper investigates the role played by public capital in increasing the productivity levels in Italy. For the construction of the regional series for the public capital over the period 1996-2002, the study benefits from the use of the rich dataset on public expenditure, recently published by...

This paper provides a structural estimation of the recent model proposed by Pissarides and Vallanti, a simplified equilibrium model which draws heavily on models with frictions and quasi-rents. The structural model is a system of three equations. The estimation method is a three-stage least...

In the last decade there has been an upsurge of studies on international comparisons of Total Factor Productivity (TFP). The empirical evidence suggests that countries and regions differ not only in traditional factor endowments (labour and physical capital) but mainly in productivity and...

In questo lavoro l’analisi degli spillover si è concentrata sulle esternalità fra le impre-se italiane del tipo intra- e inter-industry ed i loro effetti sulla produttività. Le rela-zioni tra i vari settori sono state approssimate attraverso una matrice degli scambi commerciali. I...

In this paper a complete set of estimates of long-run production functions for 20 regions and 17 sectors in Italy is provided over the period 1970-1994. Our approach features two important aspects. First, this paper represents the first attempt to provide such a comprehensive set of estimates...

This paper provides total factor productivity estimates for a sam- ple of 115 European Regions over the period 1976-2000. In particular, a set of Cobb-Douglas production functions is estimated using panel techniques and allowing for heterogeneity across regions. Moreover, on the basis of...

Recent theoretical models predict gains from international trade coming from intra-industry reallocations, due to a firm selection effect. In this paper we answer two related questions. First, what is the magnitude of this selection effect, and how does it compare to that of intra-national...

In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in...