The industrial district theory has brought to the development economics the opportunity to interpret the economic change through places, where it actually is formed, as a result of the join action of the local and extra-local social, economic and institutional forces. This paper sets out to...

Chinese migration flows represent a relatively new phenomenon in Italy. Its entrepreneurial nature is reflected in massive flows Chinese businessman employed both in manufacturing and commercial activities, with a dense concentration in correspondence of some industrial districts. The aim of the...

Between 1981 and 2001 Italy became a services-oriented economy. The loss of jobs in manufacturing was less pronounced in Italy's organized industrial districts than in the rest of the country. The branches of manufacturing that typify the districts outperformed the others in terms of employment...

This paper examines how the concept of industrial district, widely recognised as an Italian construct, took shape. It assesses to what extent the concept was tailored to fit the peculiar trait of the Italian economic development, as is claimed by some international authors, and to what extent it...

In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...

Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...

Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital structure research, which, in our view, are...