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...

During the recent global recession both the export-oriented northern Italian regions and those in the far less open South experienced a sharp decline in economic activity. One of the possible explanations is the existence of strong domestic linkages propagating foreign demand shocks from North...

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...

The paper provides new, more detailed evidence on the productivity of manufacturing firms across Italian local labour markets by analysing a large firm-level database covering the 1995-2006 period. The analysis identifies two types of highly agglomerated areas - large cities and industrial...

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...

Based on a VAR model, which allows to take into account direct and indirect links between the variables, this paper shows that public capital positively and persistently affects GDP in Italy and in its main geographic areas. This result is also attributable to a strong stimulus exerted on...