The new international standards for national accounts and balance of payments statistics (ESA 2010 and BPM6) introduced a new treatment of goods sent abroad for processing without changing ownership, now considered as an exchange of services. In this paper we explore to what extent this...

It is frequently argued that the geographical context in which firms operate can have a crucial impact on their propensity to internationalize. In this paper, we present the results of an empirical analysis that examines the determinants of export performance for a sample including more than...

How are the dynamics of foreign and domestic sales correlated at the firm level? The question is relevant in that the sign of the correlation shapes the international transmission of shocks and the effects of policy measures. From a theoretical perspective, the correlation could be either zero,...

In this paper we study the relationship between the quality of contract enforcement and firms' participation in Global Value Chains. Using new data on Italian manufacturing firms' supply of customized inputs to other firms and variations in law enforcement in courts across Italy, we find that...

We provide a quantification of the impact through international trade of the restrictive measures and related trade disruptions following the Russian invasion of Ukraine. We first exploit the multi-sector, multi-country, general equilibrium trade model by Antràs and Chor (2018). In this...

Recent years have shown a significant acceleration in the adoption and development of blockchains or Distributed Ledger Technologies, particularly in the financial sector. Alongside the well-known and widely used Bitcoin, other cryptocurrencies have been developed and have become popular...

Italian Abstract:Dall'inizio della sua presidenza, Xi Jinping ha progressivamente riorientato la politica estera al fine di meglio proteggere gli interessi cinesi nel mondo. A questo fine, Pechino ha significativamente aumentato la propria esposizione internazionale su vari fronti, alternando...

Italian Abstract: A tre anni di distanza dagli eventi della Primavera Araba, i 5 paesi del nord Africa – Algeria, Egitto, Libia, Marocco e Tunisia (NA5) – si trovano ancora ad affrontare una difficile fase di transizione, dopo che attese iniziali di un rapido rinnovamento sono state in parte...

This paper provides new Bank of Italy indicators of price competitiveness for 62 countries. We refreshed the approach adopted by the Bank in the 1990s but later discontinued in 2005 due to the cumbersome statistical requirements in order to accommodate the significant extension of the original...

This paper compares the return to pre-crisis levels and the long-term performance of exports in the main Italian regions compared with some European regions with a similar production structure. The results show that the intensity and timing of recovery in the cyclical component of exports were...