GARCH (1,1) models are widely used for modelling processes with time varying volatility. These include financial time series, which can be particularly heavy tailed. In this paper, we propose a log-transform-based least squares estimator (LSE) for the GARCH (1,1) model. The asymptotic properties...

This note is intended to provide an initial assessment of the potentialities of the data reconstruction work, relating to labour market series, carried out as part of the SVIMEZ volume for the Sesquicentennial of the Unification of Italy. To this end, we develop some considerations on a key...

Relying mainly on the use of the "OECD Diagnostic Tool", we highlight the skill demand-supply imbalances existing across the Italian territory, as well as some of their determinants. Having clarified that the promotion of the matching between skill demand and supply is an essential element of...

In this paper we show how the nature of economies of scale can be assessed using a set of procedures based on non-parametric frontier analysis. Through these procedures it is possible to characterise qualitatively the nature of returns to scale for each observation, yielding important...

In the present work we argue that in order to appraise the explanatory power of the existing explanations of dualism in the Italian economy it is important to examine their empirical predictions relatively to the territorial dispersion of some efficiency measures. Applying the non-parametric FDH...

This book brings together up-to-date findings on the regional dimensions of European labour markets. It provides a conceptual and empirical study of the interactions between the European economy and its regions, paying particular attention to the issue of the transition of Central and Eastern...

A frontier approach is utilised to estimate a matching function (reparameterised as a Beveridge curve) on data for the main Italian territorial areas (North, Centre, South) throughout the 1990s. The Southern labour market proves to be much less efficient than that in the rest of the country,...

This book provides an up-to-date analytical and empirical treatment of some important interactions between paid and unpaid labour and the social economy. The emphasis on the preferences of paid and unpaid labour and on their role in the efficient provision of social services makes a contribution...

This paper analyses the relatively novel concept of a downward-sloping demand for volunteer labour, using data from the Italian social services sector. Both descriptive and econometric evidence shows that the price of volunteer labour (proxied by its shadow price obtained through DEA) is...