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Does ‘inner' competition – rivalry among network members – worsen performance in a network of cooperative banks? Inner competition might, in fact, endanger network-dependent scale economies. We test our hypothesis on Banche di Credito Cooperativo (BCCs), Italy's network of mutual...
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In this paper we propose the use of a threshold autoregressive conditional heteroakedastic model to examine the dynamic asymmetries in the unemployment rate time series. A simple extension that allows to account for seasonal variation is also considered. The model performance and the effect of...
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This paper employs recently developed non stationary panel methodologies that assume some cross-section dependence to estimate the production function for Italian regions in the industrial sector over the period 1970-1998. The analysis consists in three steps. First, unit root tests for...
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