This work explores some distributional properties of aggregate output growth-rate time series. We show that, in the majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities with tails much fatter than those of a Gaussian. Fat...

In this paper we investigate the valuation and optimal timing of the launch of two complementary/substitute products (or projects), one of which is a pilot product. As a first step, we study the problem from a strategic point of view and analyze the ability of the pilot product per se to create...

le grandi tappe storiche dell'integrazione europea; i Trattati di Amsterdam e di Nizza; l'allargamento ad est; i criteri di Copenaghen; i negoziati di adesione.

Colin Clark elaborò un teorema empirico che stabiliva una relazione inversa tra reddito pro capite e occupati nel primario. In questo lavoro abbiamo effettuato una verifica per gli anni 1960, 1970, 1980,1990, 2001. Abbiamo verificato che esiste una relazione tra crescita economica e struttura...

An endogenous growth model with heterogeneous agents and endogenous rates of fertility is developed to study the relationships between population growth, human capital, migration and economic development. A variety of patterns of migration, from the migration of the unskilled to the brain drain...

Il nome e l'idea di Europa; sintesi delle tappe storiche dell'integrazione europea;la Convenzione euroea ela Costituzione : lo svolgimento dei lavori, la struttura del progetto, il trattato che adotta la costituzione, la ratifica, l'interruzione del processo di ratifica.

Redistribution schemes (taxes or benefits) are generally performed at the household level. The issue is to know whether intra-household inequality magnifies or hampers the redistributive effect of the transfers, when the policy-maker focuses on the inequality at the individual level. Depending...

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining productivity and export success in European...

The main purpose of this paper is to merge together two strands of the literature regarding, either directly or indirectly, infation: the PPP and the Phillips curve ones. In order to accomplish this task, this contribution applies the tools of the Empirical Growth Literature and of Dynamic Panel...