This paper reports results from a study of location, ownership, and acquisitions of automated teller machines (ATMs) by a sample of large Italian banks between 1991 and 1995. The sample banks had 85% of Italian banking assets. Data are collected at the provincial level for each bank. The...

This paper studies the dynamic and stochastic properties of fixed investments (IL) for five Italian sectors and for the period 1930-1991. Moreover, it analyses the relationship between the trend and cyclical innovations of IL and between these two types of innovations with those of GDP, real...

An argument commonly adduced to explain differences in economic development among regions is the scarcity of entrepreneurial talent in less developed regions. This paper disputes this idea, pointing out that in less developed regions the scant diffusion of innovative entrepreneurial activities...