The aim of this paper is to provide a contribution to the debate on the effectiveness of cohesion policies in Italy. It focuses on the effects of EU spending on the convergence process across Italian regions from 1996 to 2007. The empirical analysis is based on a neoclassical growth model which...

Using a translog production function we estimate the impact of R&D spillovers on the output performance of Italian manufacturing firms over the period 1998-2003. Technological flows are measured through an asymmetric similarity index that takes also into account the geographical proximity of...

This article investigates the sources and determinants of output growth of Italian manufacturing firms. Applying stochastic frontier techniques, we decompose output growth into factor accumulation and TFP growth for the period 1998–2003. TFP growth is further decomposed into technological...

This article presents new evidence on the impact of Nonreciprocal Preferential Trade Policies (NRPTPs) granted by developed countries to exports from developing countries over the period 1995 to 2003. The analysis has been carried out by using three levels of data aggregation. It accounts for...

The authors model the channels through which public expenditure on infrastructure influences firm value and shapes its investment decisions via both adjustment costs and marginal profitability of capital. The authors test these hypotheses using a large panel of Italian firms. Empirical results...

This paper assesses the impact of Research and Development (R&D) efforts on production in the North and Centre-South of Italy by using a panel of 1,203 manufacturing firms over the period 1998–2003. The estimations are based on a nonlinear translog production function augmented by a measure of...

The paper deals with the economic growth of the open and small developing countries which signed the Lome Convention (henceforth ACPs). Results showing that earnings instability damages their economic performance can be used to support the EUpolicy of guaranteeing financial aid to those...

This paper provides a contribution to the debate on the role of European Union cohesion policy in Italy. The focus is on the territorial effects of European structural funds from 1996 to 2007. The empirical analysis considers a neoclassical growth model which is augmented by the structural funds...

This paper describes some policy instruments set up by the IMF and the European Union in order to provide financial assistance to developing countries whose economies are affected by exogenous shocks from exports side. After briefly reviewing the IMF's CFF and the EU's STABEX, the paper presents...

This study analyses how firms' internal variables and regional factors affect Total Factor Productivity (TFP) of Italian manufacturing firms. Due to the hierarchical structure of our data, we employ a multilevel model that allows for a clear distinction between firm and region-specific effects....