118,070 research outputs found
Role of Industrial District Externalities in Export and Value-added Performance: Evidence from the Population of Italian Firms
No full textBecchetti L., De Panizza A. and Oropallo F. (2007) Role of industrial district externalities in export and value-added performance: evidence from the population of Italian firms, Regional Studies 41, 601-621. The paper tries to shed light on the export and value-added performance of industrial districts by integrating information on the population of Italian firms (from the ASIA database of the Italian Statistical Institute) with balance sheet data for all limited-liability companies in selected manufacturing industries. The findings show that firms located in industrial districts (specialized or not in the leading manufacturing activity of the district) export more and have higher added value than firms located elsewhere, net of the impact of relevant controls. The robustness check undertaken on the agglomeration-performance nexus detects, as expected, a significant relationship between dichotomous district indicators and (global and industry-specific) continuous measures of agglomeration and specialization. Export and value-added performance results are confirmed when proxying location in industrial districts with these continuous variables and when considering the weight of subcontracting and outsourcing activities of productive units as additional controls. Becchetti L., De Panizza A. et Oropallo F. (2007) Le role des effets externes industriels dans les performances des exportations et de la valeur ajoutee: des preuves aupres des entreprises italiennes, Regional Studies 41, 601-621. Cet article cherche a eclaircir les performances des exportations et de la valeur ajoutee des districts industriels en integrant des donnees aupres du parc d'entreprises italiennes (la base de donnees ASIA de l'Institut italien de la statistique) a un bilan pour toute societe a responsabilite limitee dans certains secteurs industriels. Il s'avere que les entreprises situees dans des districts industriels (qu'elles se specialisent dans l'activite phare industrielle du district ou non) exportent plus et jouissent d'une valeur ajoutee plus elevee que ne le font les entreprises situees ailleurs, compte tenu de l'impact des controles en cours. Le controle de solidite fait sur la connexion agglomeration-performances laisse voir, comme prevu, un important rapport entre des indicateurs dichotomiques des districts et des mesures d'agglomeration et de specialisation continues (a la fois globales et specifiques). Si l'on assume des emplacements dans des districts industriels a partir de ces variables continues, et que l'on considere le poids de la sous-traitance et des approvisionnements externes des etablissements productifs comme des controles supplementaires, les performances des exportations et de la valeur ajoutee sont confirmees. Mesures d'agglomeration geographique Districts industriels Performances des exportations Becchetti L., De Panizza A. und Oropallo F. (2007) Die Rolle der Externalitaten von industriellen Bezirken fur die Export- und Wertsteigerungsleistung: Belege aus der Bevolkerung italienischer Firmen, Regional Studies 41, 601-621. In diesem Beitrag untersuchen wir die Exporte und die Wertsteigerungsleistung industrieller Bezirke, indem wir Informationen uber die Bevolkerung von italienischen Firmen (aus der ASIA-Datenbank des Statistikinstituts Italiens) mit den Bilanzdaten aller Gesellschaften mit beschrankter Haftung in ausgewahlten produzierenden Branchen kombinieren. Unsere Ergebnisse zeigen, dass Firmen in industriellen Bezirken (unabhangig davon, ob sie auf die fuhrende produzierende Aktivitat in diesem Bezirk spezialisiert sind) mehr exportieren und eine hohere Wertsteigerung erfahren als Firmen an anderen Standorten, auch wenn die Auswirkung der relevanten Kontrollen berucksichtigt wird. Die Robustheitsprufung der Ballungs-Leistungs-Verknupfung zeigt wie erwartet eine signifikante Beziehung zwischen den dichotomen Bezirksindikatoren und den (globalen und branchenspezifischen) kontinuierlichen Massstaben der Ballung und Spezialisierung. Die Ergebnisse hinsichtlich des Exports und der Wertsteigerungsleistung werden bestatigt, wenn man den Standort in industriellen Bezirken durch diese kontinuierlichen Variablen ersetzt und das Gewicht der Zulieferung und externen Vergabe von produktiven Einheiten als zusatzliche Kontrolle berucksichtigt. Geografische Ballungsmassstabe Industrielle Bezirke Exportleistung Becchetti L., De Panizza A. y Oropallo F. (2007) El papel de los efectos externos en comarcas industriales para el rendimiento de exportacion y de valor anadido: ejemplo de la poblacion en empresas italianas, Regional Studies 41, 601-621. Con este ensayo pretendemos arrojar luz sobre el rendimiento de exportacion y valor anadido de las comarcas industriales al combinar informacion sobre la poblacion de las empresas italianas (base de datos ASIA del Instituto Italiano de Estadisticas) con datos de balances financieros para todas las sociedades de responsabilidad limitada en selectas industrias manufactureras. Nuestros resultados indican que las empresas ubicadas en comarcas industriales (especializadas o no en actividades lideres de fabricacion en la comarca) exportan mas y tienen un valor anadido superior que las empresas ubicadas en otros lugares, aunque se tenga en cuenta el impacto de los controles pertinentes. Al comprobar la solidez de los nexos entre aglomeracion y rendimiento, se detecta, tal como se preveia, una relacion significativa entre los indicadores dicotomicos de comarcas y las medidas continuas (para una industria o para todas) de aglomeracion y especializacion. Se confirman los resultados del rendimiento de la exportacion y del valor anadido al sustituir la ubicacion en las comarcas industriales por estas variables continuas y al considerar el peso de los subcontratos y servicios externos de gestion de las unidades productivas como controles adicionales. Medidas de aglomeracion geografica Comarcas industriales Rendimiento de exportacionGeographical agglomeration measures, Industrial districts, Export performance,
Do state subsidies have a stronger impact when provided to industrial district firms? An empirical analysis on the Italian data
No full textThe growing constraints on public expenditure imposed by the process of European Monetary
Union are increasingly shifting the attention of policymakers to the quality of industrial policy.
A recent address of Italian political economy emphasises the role of the so ca/led "patto d'area"
(a package of fax allowances, soft loans and services provided only to firms located in Marshallian
Industrial Districts or aimed at "reproducing" them in new underdeveloped areas). The implicit
assumption is that industrial policy is more effective on "fertile grounds" in which
infrastructures and cooperation among firms are of good quality. Does past experience support this
assumption and tell us that subsidies are more effective when provided in district than in non
district areas? The present paper explores this hypothesis on a dataset of around 2000 firms
showing that district subsidised firms seem to obtain better borrowing terms and, in the medium
run, a relative improvement of their return on investment with respect to the control sample
EU and non EU Export performance of Italian firms. Is there an industrial district effect
No full textGeographical agglomeration of productive units is expected to affect positively
cooperation in "multiple winners" games in which costs from increased neighbour competition are not
too high. Small-medium firm export activity is a typical game with these features. Economies of
scale in the provision of export services and informal face-to face exchanges of information about
export markets may in fact facilitate participation to export activity without threatening
potential profits due to productive capacity constraints and the large scale of the market. The
current paper carries an empirical test and finds that geographical agglomeration of small-medium
firms in a delimited area significantly affects their export intensity and their probability of
becoming exporters. The effect is stronger far exports towards non EU markets and is negatively
related to firm size. The significance of geographical agglomeration persists in spite of all
controls included in the estimate which show how the dependent variable is also (positively)
affected by export subsidies, formal export cooperation among firms, size and age. Paper results
suggest that geographical agglomeration, by shifting firms from domestic to foreign markets, may
then be - if technological benefits from more competition are relatively higher on foreign markets
- an important engine for endogenous growth in a downsized system, such as Italy, with a strong
specialisation in Traditional and Specialised sectors
Social Distance, Cooperation and Other Regarding Preferences: A New Approach Based on the Theory of Relational Goods
Full text linkThe paper is divided in six sections. In the second section we provide a short survey of the literature on relational goods. In the third section we describe the experimental design of the two experiments presented in Becchetti et al. (2007) and Becchetti, Degli Antoni and Faillo (2009) (hereafter also B2007 and B2009). In the fourth section we discuss the hypotheses on the effect of relational goods on players’ behaviour in the two experiments. In the fifth section we discuss the main findings. The sixth section concludes.
The Stability of the Adjusted and Unadjusted Environmental Kuznets Curve
Full text linkIn our paper, we test the stability of the unadjusted and adjusted Environmental Kuznets Curve (EKC). Our results provide evidence in favour of the significance of the adjusted EKC hypothesis in which the impact of per capita GDP on the intensity of CO2 emissions is evaluated conditionally to the effects of the energy-supply infrastructure and of additional socio-demographic variables. In this framework, the GDP-CO2 relationship appears robust to the inclusion of additional regressors and to changes in the estimation period and interva
Does microfinance work as a recovery tool after disasters? evidence from the 2004 Tsunami
No full textWe evaluate the effectiveness of microfinance as a recovery tool after tsunami by testing the impact of an equity injection from foreign donors which recapitalizes a Sri Lankan MFI and allows it to refinance borrowers seriously damaged by the calamity. We find that loans obtained from the MFI after the catastrophic event have a positive and significant effect on the change in real income and in weekly worked hours, and that the impact on performance variables is significantly stronger for damaged than non-damaged borrowers. Results hold after controlling for selection effects and for heterogeneity in both the timing of the intervention and the characteristics of treatment and control samples
The Money–Happiness Relationship in Transition Countries: Evidence from Albania
No full textLife satisfaction, Remittances, Subsidies, Transition countries, I30, C33, O15, P20,
Competitiveness and Its Socio-Economic Foundations: Empirical Evidence on the Italian Industrial Districts
No full textFamily money, relational life and (class) relative wealth:an empirical analysis on life satisfaction of secondary school students
Full text linkWe investigate factors affecting happiness on a sample of Italian secondary school students. We find that money matters since familyÕs house ownership, mortgages and (class) relative wealth significantly affect life satisfaction. Other crucial factors are geographical residence (those living in Milan are significantly less happy), motherÕs occupation, trust on family and friendships. Even though we cannot rule out inverse causality and other forms of endogeneity, the characteristics of many of the significant regressors such as family wealth, parental job and geographical residence (not under the decisional power of the student)suggest a direct causality nexus for these factors.life satisfaction, secondary school, wealth
The green bonds premium puzzle: The role of issuer characteristics and third-party verification
No full text- …
