Since (at least) Ricardo, international trade has been perceived as a positive-sum-gain – any partner involved in the international activity of exchange would be at the end better off, no matter how bad was its previous economic position. The Ricardian principle of comparative advantages...

This paper aims to highlight the main features of Amoroso's reflections on macroeconomic dynamics to which he dedicated a large part of his scientific activity. He developed an original theory of business cycle and he formulated a dynamic generalisation of the Paretian theory of general economic...

Unlike in structural and reduced-form models, we use equity as a liquid and observable primitive to analytically value corporate bonds and credit default swaps. Restrictive assumptions on the firm’s capital structure are avoided. Default is parsimoniously represented by equity value hitting...

The aim of the paper is to analyse some issues of teaching basic Economics in the Italian universities. During this period the university reform is changing the structure and the characteristics of the undergraduate and post graduate curricula but that may or shall require a change in the same...

The purpose of this paper is to investigate the asymptotic null distribution of stationarity and nonstationarity tests when the distribution of the error term belongs to the normal domain of attraction of a stable law in any finite sample but the error term is an i.i.d. process with finite...

La suddivisione degli Stati del Mondo per reddito, area geografica, indebitamento, appartenenza alle organizzazioni internazionali

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union - Italy -, in the ideal context for its main competitor - New Economic Geography - and...

Vengono indagati gli aspetti più peculiari dell'attività sportiva collegandoli con il processo di sviluppo potenzialmente concernente una data zona. In tale contesto, si enfsatizza l'azione esercitabile dalle autorità locali per promuovere e favorire l'espressione sportiva, trainante virtuali...

This paper inquires into radical innovations and into their role to promote economic growth. Can an economic system grow only in quantitative terms, or the process of structural change, that underlines the emergence of new technologies, is an essential ingredient? To put it philosophically: is...