Against the backdrop of the contagion literature, the paper analyses the impact of financial and trade linkages on sovereign bonds spreads in the Eurozone crisis. Using quarterly data for a sample of EMU countries during the period 2000-2013, we estimate fixed-effect panel models with Driscoll...

It is well-known that Italy has two distinguishing characteristics closely intertwined with each other and unusual for an advanced country: a persisting specialization in traditional industries and deep internal disparities. The Italian "anomaly" is rooted in the predominance of clusters of...

The article contributes to knowledge about the evolution of industrial districts specialised in traditional manufacturing industries as a result of internationalization processes. On the basis of a longitudinal field study, the article describes the change in outsourcing firms’ behaviour that...

We explore to what extent key functions in manufacturing are spatially clustered with, or dispersed from,each other within industries, and how these clustering or dispersion patterns have changed during recent decades. Estimating the levels and changes (1992–2007) of localizations and...

I distretti costituiscono uno degli assi portanti della struttura industriale italiana, ed hanno sostenuto la crescita dell’economia nazionale nell’ultimo trentennio del secolo scorso. Negli anni più recenti, tuttavia, anche nei distretti, come in tutta l’industria italiana, sono in atto...

In this paper we focus on the decoupling hypothesis between emerging countries and United States, as the more influent economy for the business cycle movements of advanced countries. Despite the theoretical and empirical analyses to date, it seems fair to say that there is no consensus on the...

Southeast European countries have experienced significant economic integration into the world economy since 2000, through international capital flows and especially foreign direct investment (FDI). The work sheds light on recent trends in Italy-Western Balkans economic integration through FDI...

The paper is a preliminary attempt to analyze the recent effort of the Italian diplomacy to develop a coherent trade policy toward the most important emerging markets. It describes why in recent years Italy has substantially modified the way it trades policy approach, moving from a decentralized...

This paper focuses on the consequences of a recent phenomenon: the Chinese Go Global policy, which encourages domestic rms to enter the global competition through active internationalization processes. At the present, Chinese investments are still small compared to the to world value of OFDIs,...

Hedge Funds are extensively cited as the main actors responsible for the financial crisis erupted in the latest decades. Their natural characteristic for secrecy and their fame for high propensity towards risks, together with the ample use of leverage, help to explain why these operators are...