Reduced exchange rate volatility and higher and less heterogeneous quality of institutional rules and macroeconomic policies are two of the main (anticipated and concurring) effects expected from a currency union. In this paper we measure the magnitude of these two effects on the Euro area...

Reduced exchange rate volatility and higher and less heterogeneous quality of institutional rules and macroeconomic policies are two of the main (anticipated and concurring) effects expected from a currency union. In this paper we measure the magnitude of these two effects for the Eurozone...

Several interesting results on the economics of industrial districts are collected in this book. The first part investigates over internal determinants of industrial district competitiveness looking at internal productivity, at patterns of innovation and at those factors which create a favorable...

Recent theoretical contributions show that geographical proximity, by increasing the payoff from free-riding on knowledge accumulation, may reduce the relative profitability of individual R&D activity vis-a-vis imitation and other alternative forms of technological innovation which exploit more...