There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...

This paper investigates the impact of migration on Italian inbound tourism flows in a dynamic panel data framework. Arrivals, expenditure and nights from 65 countries are analyzed for the period 2005-2011. The migration variable is defined at both origin and destination in order to assess the...

The recent work by E. Felice, Perché il Sud è rimasto indietro, il Mulino, Bologna, 2013, is rather a pamphlet than a book of economic history. In the present article, we discuss both the statistical series of regional GDP from 1871 until 2001 worked out by Felice (section 1), and the...

Since the mid-Nineties and until 2005 the italian construction sector experienced an exceptional expansive cycle, the most intense in the last four decades. Construction was allowed to boom by a mix of factors (demographic, financial, increase in public works expenditure) and was driven by new...