The STARMA (space-time autoregressive moving average) model class was introduced in the mid-1970s as a spatio-temporal extension to the ARMA time series model class. To enhance the model’s ability in dealing with spatial dependence and heterogeneity of observations, the article extends...

Two main hypotheses are usually put forward to explain the productivity advantages of larger cities: agglomeration economies and firm selection. Combes et al. (2012) propose an empirical approach to disentangle these two effects and fail to find any impact of selection on local productivity...

This paper contributes to the empirical literature on the magnitude of the network effects of public infrastructures, introducing a novel approach. After estimating the dynamics common to time series for the regional public capital stock, coordinated policy shocks are identified within a...

This paper provides an empirical evaluation of the main determinants of hotel prices in the Italian tourism industry. We pool information from two datasets: i) a database on hotel prices and attributes based on the Touring Club Italia Guide and providing information on about 1,100 hotels located...

Utilizing a novel econometric approach, routed around the identification and estimation of spatial panel VAR model, the paper provides new estimates of the dynamic effects of private and public R&D expenditure on innovative activity within European regions. The positive long run response of...

The supply of international air transport by low cost carriers (LCC) recorded a tenfold increase in Italy over the last decade. Such rapid expansion, by affecting transport costs, is likely to have induced significant effects on both the level and the composition of foreign tourism inflows. In...

Nel lavoro si fornisce una misura dell’impatto dell’espansione dei vettori low cost sulla dinamica della spesa per vancanze dei turisti internazionali in Italia. Per stimare tale impatto utilizziamo un dataset originale sui posti a sedere offerti sui voli operati dai vettori low cost che...

Even before the global crisis, the Italian economy was experiencing international difficulties, although the slow growth and declining share of world trade were accompanied by a perceptible process of manufacturing transformation. The paper uses data from the Bank of Italy’s survey of...

This article aims at explaining substantial and persistent regional labour productivity differentials in Italy. First, the role played by the diversity of local economic structures is quantitatively assessed. Within-industry productivity levels are then related to regional endowments of physical...

This paper aims to analyze the macroeconomic impact of infrastructures through review of the literature, meta-analysis and empirical analysis of the Italian data. We report a general consensus over the positive effects of infrastructures, even though the results are affected by the estimation...