Negli ultimi anni si è formato un consenso sia in campo accademico che fra gli operatori economici sul ruolo attivo delle politiche di sviluppo del territorio, intese come promozione e valorizzazione delle risorse locali. Tali politiche devono mirare a creare le condizioni ottimali per lo...

La scelta di localizzazione di investimenti segue un complesso processo di valutazione nel quale molte variabili devono essere conosciute e sintetizzate. In questo lavor le regioni del Mezzogiorno vengono analizzate singolarmente e poste a confronto con alcune aree europee, e con la Lombardia....

A growing literature argues that the Information Technology rev- olution caused the stock market crash of 1973-1974, its subsequent stagnation and eventual recovery. This paper employs general equi- librium theory to test whether this good news hypothesis is consistent with the behavior of US...

In this paper we investigate the relationship between stock market returns and economic activity by using signal decomposition techniques based on wavelet analysis. In particular, we apply the maximum overlap discrete wavelet transform (MODWT) to the DJIA stock price index and the industrial...

One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...

Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...

Extensive research on the linkages between monetary conditions and stock returns has been conducted in developed countries. This is in sharp contrast to the situation in developing countries. This paper therefore aims to study the long believed asymmetrical relationship between changes in...

About inventory models, a concern is 'often made [that] any resemblances between the models constructed and reality are purely coincidental.' One set of factors not usually considered in textbook models of inventory decisions is suggested by well-documented evidence in macroeconomics, that the...