This paper analyses the structure and dynamics of employment within the Varese Province in the 1990-1995 period, with a closer look at the manufacturing and business services sectors, and points out if and to which extent small and medium firms, which are the core of the local productive system,...

This paper reviews the theoretical and the empirical literature regarding migration in order to cast some light upon the nature of self-selection. In particular it attempts to identify the specific factors which induce a skilled rather than an un-skilled migration. As a result, some conclusions...

The paper presents some recent results on multivariate GARCH models, and proposes a parametrization which guarantees a positive definite conditional variance-covariance matrix of the disturbances. The properties of quasi-maximum likelihood estimators are showed. The latter are, in the...

The crisis of the welfare state could hinder the right to work sanctioned by the Constitution, and could make the already precarious realization of other aspects of the social contract even more difficult. This being the situation, in which we can consider the problem of unemployment as being...

In this paper we address the Rogoff's (1996) puzzle on the exchange rate excess volatility and the slow convergence to PPP. We argue that the evidence in favour of the latter stylised fact could be biased by the adoption of unreliable measures of the speed of convergence. In fact, adopting...

The move towards export-oriented development strategies by China has increased concerns about the ability of Italian manifactures to effectively face price competition from emerging economies. This paper explores the hypothesis that the superior quality of Italian goods could support Italian...

In the last decades a liberalization of the electric market has started; prices are now determined on the basis of contracts on regular markets and their behaviour is mainly driven by usual supply and demand forces. A large body of literature has been developed in order to analyze and forecast...

This paper examines the relationships between copyright and competition law, paying special attention to the elements of conflict which have repeatedly emerged from recent antitrust cases in both the United States and Europe. In particular, the thesis argued is that the framework of intellectual...

The present paper analyses the relationship between competition and copyright law, paying special attention to two recent antitrust proceedings, the Italian Groupe Canal+/Stream and the European NDC Health/IMS Health. In particular the article attempts to interpret the existence of objective...

One of the most problematic aspects in the work of policy makers and practitioners is having efficient forecasting tools combining two seemingly incompatible features: ease of use and completeness of the information set underlying the forecasts. Econometric literature provides different answers...