The present paper investigates the effect of outward investments by Italian manufacturing firms on the domestic employment level and on its skill composition, as measured by the increase in the aggregate share of skilled workers (managers and clerks) in total employment. In doing so, the paper...

After a prolonged postwar period of remarkable foreign ownership penetration, in the last two decades Italy lost its high position as a country of destination of worldwide inward FDI. At the beginning of the new millennium, Italy ranks about 13 th regarding the stock, and 21 st regarding the...