The paper analyses the sharp divergence in the nineties between capital formation in the main euro area countries, on the one hand, and the United States, on the other. We have used data from the OECD's International Sectoral Data Base (ISDB), which includes data comparable across a certain...

In this paper we discuss procedural and contractual aspects of Public Private Partnerships (PPP) in Italy, in the light of the economic theory of contracts and of incentives. We emphasize the potential role for PPPs for infrastructure development in Italy and the inefficiencies that arise in...

This paper examines the results of a survey carried out in 2007 by the Bank of Italy concerning different characteristics of the organization of lending activities. Between 2003 and 2006 the physical distance between the headquarters and the branches increased, the limits to the decision-making...

Italian Abstract: Le “specie” di corporate governance sono conseguenza di un adattamento al contesto politico-istituzionale. Pertanto, a differenza di quanto prospettato dalla cd. Legal Origin Theory (per cui si ha/avrà necessariamente una convergenza verso un modello efficiente o ideale),...

Italian abstract: A partire da un’analisi dell’articolo di Carlo Trigilia “Crescita squilibrata: perché la sociologia economica ha più successo nella teoria che nelle pratiche?”, pubblicato nel 2007 sulla rivista Stato e Mercato, viene sviluppata una proposta teorico-metodologica, di...

In this paper we study the evolution of citizenship laws around the world. Our analysis is based on a dataset we compiled to document such evolution in 162 countries in the 1948-2001 period. Our econometric results can be summarized as follows. The legal tradition, as represented by the...

The discussion around the adequateness of the Constitution to the current economic setting is still ongoing. To see where, this discussion will lead eventually, it is interesting to compare the Italian decentralization process with a similar process undertaken in Belgium. This contribution...

Il presente lavoro analizza le determinanti dell'attività gratuita per un'associazione di volontariato, un'associazione non di volontariato, un partito politico ed un sindacato, usando dati ufficiali dell'Indagine Multiscopo sulle Famiglie, Aspetti della Vita Quotidiana, dell'Istituto Nazionale...