Showing 1 - 10 of 276
We analyse the developments of investment and investment financing in Italy since 1995, based on data from national … accounts and the flow of funds. The exceptional fall in investment after the global financial crisis in 2007 concerned all … intangible investment instead weathered the double recession better. Focusing on investment financing, the eruption of the crisis …
Persistent link: https://www.econbiz.de/10012995243
In this paper we describe the investment behavior of manufacturing firms in Italy between 1995 and 2013 and we … investment using information on firms' demand expectations, uncertainty, and credit constraints, based on the Bank of Italy … investigate the most important factors leading to the decline in investment since 2008. We estimate an error correction model for …
Persistent link: https://www.econbiz.de/10012999590
. Moreover, micro-founded variables are scarcely employed in macroeconomic forecasting of real investment. We fill this gap by … considering a battery of univariate and multivariate time-series models to forecast investment of non-financial corporations in … Italy, an interesting case study due to its steep downturn during the two afore-mentioned crises. We find that a vector …
Persistent link: https://www.econbiz.de/10013232784
This paper examines the causes of the exceptionally marked fall in non-construction investment in Italy since 2007. Non …-financial private services were the main driver of the decline in the aggregate investment rate, but all sectors weighed in negatively …; the reallocation of value added away from industry was a further drag on investment. In concordance with survey findings …
Persistent link: https://www.econbiz.de/10013017030
The aim of the paper is to characterize the optimal child care policies (subsidies and state provision), assuming that child care provision affects the child's future abilities. Public intervention is needed since two sources of economic inefficiency are contemporaneously influential: parents do...
Persistent link: https://www.econbiz.de/10013078671
Bank of Italy website; in the future the series will be updated monthly and will remain available on the statistical …
Persistent link: https://www.econbiz.de/10014209972
Since the late eighties the Italian National Health System, in particular hospital care, has undergone deep reforms. This paper evaluates the technical efficiency of Italian public hospitals in light of the main features of the hospital system at a regional level. The evaluation was carried out...
Persistent link: https://www.econbiz.de/10014210440
Over the last decade two reforms have affected the Italian hospital system, one introducing market mechanisms, the other concerning the tools of planning and expense control assigned to the regional governments. The paper summarizes these institutional changes and describes the evolution of the...
Persistent link: https://www.econbiz.de/10014210441
This paper analyzes the evolution of the natural gas distribution sector in Italy from the 2000 reform with the aim of …
Persistent link: https://www.econbiz.de/10014210444
recent Bank of Italy survey. There are still substantial differences across Italy's regions, and the level of efficiency is …
Persistent link: https://www.econbiz.de/10014210445