The paper analyzes how (production and financial) inter-firm networks can affect firms’ default probabilities and observed default rates. A simple theoretical model of shock transfer is built to investigate some stylized facts on how firm-idiosyncratic shocks are allocated in the network, and...

The paper analyzes how (production and financial) inter-firm networks can affect firms' default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized facts...

The paper investigates the effect of spatial agglomeration on firm exit. In particular, the role of specialization and local variety in production is addressed. The extent to which industrial clusters can be actually retained industrial districts is also considered. Empirical evidence is...

The paper analyzes how (production and financial) inter-firm networks can affect firms’ default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized...

The paper investigates the effect of spatial agglomeration on firm exit in a dynamic framework. Using a large dataset at the industry-province level for Italy (1998–2007), we estimate a spatial dynamic panel model via a GMM estimator and analyze the short-run impact of specialization and...

Abstract The paper estimates the impact on Total Factor Productivity of trade-related R&D spillovers by accounting for the economic distance between countries. The Average Propagation Length foreign R&D covers to reach a domestic country is used in building the foreign available R&D stock and to...

The paper aims at investigating the role that one country's position in the international trade network has in attracting knowledge and technology flows to it. By referring to "indirect" Research and Development (R&D) spillovers, we argue that not only is this position responsible for the number...

The paper aims to investigate how innovations cluster in different technological systems (TSs) when their “techno-economic”, rather than “territorial” space, is considered. Innovation clusters of economic sectors are identified by referring to the innovation “potential” represented...

The diffusion of outsourcing and vertical foreign direct investment (FDI) among manufacturing firms, along with the vertical integration of market services into manufacturing, is questioning the so called 'Deindustrialisation/Tertiarisation' (DT) hypothesis. In particular, it has been argued...