We estimate the multiplier relying on differences in spending in infrastructure across Italian provinces and an instrument identifying investment changes that are large and exogenous to local cyclical conditions. We derive our instrument from the Law mandating the interruption of public work on...

We estimate the multiplier by relying on differences in spending in infrastructure across Italian provinces and an instrument identifying investment changes that are large and exogenous to local cyclical conditions. We derive our instrument from the an Italia law mandating the interruption of...

In concurrence with the recent credit crisis, the Italian government tried to stimulate R&D expenditures through tax credit. We rely on this policy to identify the firm response to an exogenous countercyclical fiscal shock. Large heterogeneity by the size of cash is observed for firms in...

<i> Convergenza: un'utopia per le regioni europee? </i> (di Antonio Acconcia) - ABSTRACT: Looking at the distribution of income per capita across a large set of European regions since 1975 up to 1999, we conclude for a substantial stability of regional inequalities. It seems that on average the process...

<i> Regional Development and Public Spending: the Case of Italy </i> (by Antonio Acconcia, Alfredo Del Monte) - ABSTRACT: In Italy redistribution and regional policies have been implemented since World War II; poorer regions have been receiving large amount of public funds, namely public consumption...

In this paper we consider a simple economy where self interested taxpayers may have incentives to evade taxes and to escape sanctions, by bribing public officials in charge for tax collection. The level of monitoring and the level of corruption are endogenously determined assuming that the price...

This paper relies on sectoral-level data to interpret aggregate fluctuations of labor productivity and employment in US as due to exogenous disturbances. A shock determining permanent effect on the real investment good price may reasonably be interpreted as an investment-specific technology...

During the first half of the 1990s a pool of Italian judges carried out an investigation, named Mani Pulite (literally clean hands), that led many public officials to be prosecuted and convicted because of bribery and embezzlement. The impact of Mani Pulite was so much influential that since...

The paper uses an original dataset to analyse the distribution of broadband take-up in the Italian provinces. Although the results should be approached with caution, from the perspective of cause-and-effect interpretation, we point out the interesting fact that broadband technology take-up is...