The literature on Markov switching models is increasing and producing interesting results both at theoretical and applied levels. Most often the number of regimes, i.e., of data generating processes, is considered known; this strong hypothesis is adopted to somewhat bypass the nuisance parameter...

In this paper we examine under what circumstances the information accumulated during market closing time and conveyed to the price formation at market opening may be exploited to predict where the stock price will be at the end of the trading day. In our sample of three financial time series, we...

L'economia politica è, tra le scienze umane, quella che maggiormente sperimenta l'attrazione verso i metodi quantitativi e in particolare verso la matematica e la statistica. Recentemente questa attrazione si è fatta ancor più forte che in passato, al punto che non è raro trovare, tra gli...

What role was played by the incomes policy launched in 1992-93? Part of a new “culture of stability” or factor distorting the adjustment process? This paper makes an initial evaluation of the effects of the reform of the wage-bargaining system on the link between wages and prices, on the...

Italian Abstract: Questa tesi tratta problemi di valutazione delle opzioni cosiddette "reali". La prima parte descrive le due tecniche di valutazione principali (contingent claims analysis e programmazione dinamica stocastica), la seconda parte si concentra sulle opzioni "comuni" (cioè,...

National transparency and good government are important prerequisites in order to access international financial markets. In relation to the growing relevance of such issues, this study evaluates economic and technological performance of countries by discriminant analysis. The application is...

The purpose of this paper is a comparative analysis of economic and technological performances of different countries. Data from Eurostat are used. The methodology applies descriptive statistics, correlation, regression and cluster analyses. The main results are: the best economic performance...

The purpose of this paper is to analyze the relationship between public and private funding for research. Data from Eurostat are used. The methodology applies descriptive statistics, correlation, regression and cluster analyses. The main results are: public funding for research crowds out...

Analogous to the Richter Scale for earthquakes, you introduce the Scale of Technological Magnitude (SMAT in Italian), an event scale to quantify the size and impact of technology transfer in geo-economic environment and adopters. It is based on number of technological contacts and computed...