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This paper studies the importance of incentives as a determinant of international trade flows. We argue that barter, countertrade and foreign direct investment can be seen as efficient institutions that mitigate contractual hazards which arise in technology trade, marketing and imperfect capital...
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While many studies explain the correlation between firm-level productivity and export status entirely by better firms self-selecting into exporting, a few studies find evidence of reverse causation. Especially in developing or transition economies, exporters seem to improve performance after...
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across different types of firms and industries. It uses comparable micro data from France, Germany, Italy and Spain and …
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Italy's economic stagnation is a matter of fiscal, national, and European concern. Since a good remedy requires an … Italy's recent economic record, the paper reviews three families of explanations: "unwillingness to reform" accounts … this synthesis, the paper argues that Italy's recent stagnation can be traced back to two key moments: first, a failed …
Persistent link: https://www.econbiz.de/10014364119
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …
Persistent link: https://www.econbiz.de/10010298779
We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian manufacturing industries in 1995-2003. Our results indicate that the off-shoring of intermediates within the same industry ("narrow off-shoring") is beneficial for productivity...
Persistent link: https://www.econbiz.de/10010264353