Being the G-7 country with the largest shadow-economy share, we posit that Italy's manufacturing firms - to counter emerging economies' competition - could alternatively offshore or enter the shadow economy. Within this context, we investigate, in a sample of Italian firms, whether...

This paper explores the two competing hypotheses of self-selection and learning by exporting across different Italian manufacturing firms.Using matched sampling techniques that control for selection bias,we estimate whether new export-oriented firms aremore efficient compared to domestic firms...

This paper explores the two alternative hypotheses of "self-selection" and "learning by exporting" across different Italian manufacturing firms. Using matched sampling techniques that control for selection bias, we estimate whether new export-oriented firms are more efficient than domestic...

In questo lavoro si investiga il nesso finanza-crescita aggregata in Italia nel periodo 1965-2002. Dopo una breve rassegna della letteratura teorico-empirica, il lavoro riporta i risultati di una indagine basata su regressioni di crescita in cui fattori come il tasso di investimento, il grado di...

The relationship between financial development and economic growth has received enormous attention in the economic literature of the last decade. The widely accepted consensus finding is that financial development has a positive effect on growth at either aggregate, or industry or firm levels....

We examine whether offshoring firms outperform purely domestic firms – in terms of efficiency, innovativeness and skill composition – in the peculiar context of Italy, the G7 country with the largest shadow-economy share. We posit that manufacturing firms – to counter emerging economies'...