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In endeavouring to explain the empirical puzzle that the sunk costs of exporting are important, but that, at the same time, trade flows do not, on average, survive for very long, this paper explores the concepts of core and peripheral markets. First, it illustrates that if the importance of sunk...
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The goal of this paper is to investigate the link between the length of a firm-bank relationship and firm's internationalization. The analysis is carried out on matched firm-bank micro-data from a survey of Italian enterprises from 1998 to 2003. We obtain two main results. First, a longer...
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Italy in the XIX century. To achieve this they needed to interact with the international haute banque to organize and place … in Italy, highlighting the network between the Parodi family and the international haute banque; one of the most … political system of unified Italy -- Chapter 6. The Parodis after the Italian unification. …
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