This article analyzes the determinants of tobacco expenditures for a sample of Italian households. A Box-Cox double-hurdle model adjusted for heteroscedasticity is estimated to account for separate individual decisions concerning smoking participation and tobacco consumption and to correct for...

We propose a structural model of the interaction between the aluminium market and the macroeconomy incorporating the rational expectations hypothesis. Based on a competition à la Cournot, our model predicts that aluminium spot price and inventories will respond to macroeconomic shocks to line...

We study the link between the flexibility of Italian labour market and innovation is analysed, paying attention to the sectoral and spatial dimension. We used as independent variables two indicators of flexibility in labour market, turnover and wage variability, whereas the number of patents was...

Purpose – This paper aims to shed light upon the controversial relationship between labour market flexibility and innovation in Italy, paying attention both to inter‐sectoral heterogeneity and to the regional differences. Design/methodology/approach – A set of hypotheses concerning the...