This contribution concerns models and theories of structural economic dynamics. The theories and models analyzed in the paper follow two different approaches, circular and vertical, in the analysis of structural dynamics. The content of this contribution is essentially methodological. This work...

Much has been written on the distinction between vertical and horizontal foreign direct investment. However, most of the empirical literature relies on indirect and aggregated measures only. The aim of this paper is to help fill this gap by examining the differences between German affiliates in...

This paper develops a simple overlapping-generations model that relates career choices of highly educated workers to the rate of technological progress over time. The paper shows that, in the recent period of technological breakthroughs, if workers either acquire a sufficiently large number of...

This paper investigates the effects of a decrease in fixed costs on the division of labor within firms. In the constant markup rate model, a decrease in fixed costs curbs the division of labor. In the short run, the division of labor is promoted through labor reallocation within firms while in...

On the basis of a panel of manufacturing enterprises reconstructed by Istat in the period 2001-2008, this work aims at examining if and to what extent sectoral, regional and dimensional differences affect the performance of Italian enterprises with less than 250 employees. The results obtained...

We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected member states' productive structures, distinguishing between within and across sector reallocation. We find evidence that the euro has been accompanied by a reallocation of...

This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, differing only with respect to some parameter values. Both formal and informal firms have monopoly...

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

It is often argued that rigid labour market and centralized bargaining are harmful employment and growth. This paper looks at the case of Nordic countries as a counter-example pointing to some weaknesses of this view. Rigid labour markets, while reducing the offer of low quality jobs, increase...