This paper analyses the local determinants of producer service growth in Italy, focusing on agglomeration economies, and taking into account the particular features of this sector with respect to manufacturing. Using an OECD classification, we estimate a dynamic specification allowing for...

The study of possible asymmetric effects of monetary policy at a spatially disaggregated scale has recently received renewed attention in the literature due to the introduction of EMU. To quantify the differences in monetary policy transmission different econometric approaches have been...

Utilizing a novel econometric approach, routed around the identification and estimation of spatial panel VAR model, the paper provides new estimates of the dynamic effects of private and public R&D expenditure on innovative activity within European regions. The positive long run response of...

Despite the fact that it provides a potentially useful analytical tool, allowing for the joint modeling of dynamic interdependencies within a group of connected areas, until lately the VAR approach had received little attention in regional science and spatial economic analysis. This paper aims...

We propose two model-based measures of the intensity of local and global agglomeration patterns at the industry level. Spatial plant dispersion in a given industry is modeled as the outcome of an error components process that provides a convenient framework for the simultaneous treatment of...

Even before the global crisis, the Italian economy was in difficulties internationally, but slow growth and a declining share of world trade were accompanied by a perceptible process of manufacturing transformation. This paper, using data from the Bank of Italy's survey of manufacturers,...

This paper aims at analysing the role of institutional factors in fostering the agglomeration of SMEs in Italian industrial districts. The main findings are: the availability of strong family institutions and a social environment reducing individual opportunism have played a significant role in...

This paper provides a quantitative assessment of whether or not the financial structures of Europe have converged in the wake of the institution of the Economic and Monetary Union and of the euro area. Starting with a broad selection of financial indicators, multidimensional data analysis...

This paper contributes to the empirical literature on the magnitude of the network effects of public infrastructures, introducing a novel approach. After estimating the dynamics common to time series for the regional public capital stock, coordinated policy shocks are identified within a...