106 research outputs found
Vertical Intra-Industry Trade: Patterns and Determinants in the Italian Case
No full textUsing a cross-country analysis, this paper examines the determinants of the Italian intra-industry trade in vertically differentiated products. By considering the degree of specialization by quality within industries, we found that Italy’s IIT in low-quality products is higher the lower the factor endowment difference and the higher the technological gap with the partner country. These findings confirm the peculiarity of the Italian specialization model which is strongly different from that of other main industrialized countries which are located mainly at the higher end of the price-quality spectrum
JEMOLO E L’ECONOMIA: TRENTA ANNI DOPO
No full textPartendo dalla ricostruzione della rete dei rapporti personali che Jemolo ebbe con economisti di professione nonché dalla analisi delle sue opere, della sua vasta e diversificata attività pubblicistica e della corrispondenza, il saggio prova a tracciare i principali tratti del ‘pensiero economico’ del giurista
C. TEDESCHI, F. REGANATI, R. PITTIGLIO, To what extent do differences in legal systems affect cross-border insolvency? Evidence from foreign-owned Italian firms
No full textInvestigating the Determinants of Wage Inequality in Italy
No full textInternational Economic Association, 14th World Congress, Marrakech, Morocco, August 29 – September 2, 2005
Vertical intra-industry trade in higher and lower quality: a new approach of measuring country-specific determinants
No full textThis paper aims to contribute empirically to the knowledge concerning the nature and causes of Italian vertical intra-industry trade (VIIT), distinguishing between high- and low-quality VIIT. The value-added of this study arises from the fact that it utilises a new approach to measure country-specific determinants, with the advantage that it eliminates the effects linked to the hypothesis of homogeneity between sectors within the same country. Therefore, differently from past studies on intra-industry trade, in this paper the characteristics of a particular country are measured by referring to information not only at aggregated level, but also at industry level. Our findings reveal that the determinants are not only same for the three dependent variables, but also depend on the technological intensity of goods. This confirms the particular nature of the Italian specialisation model, which is very different from that in other industrialised countries that tend to be located, at the higher end of the price-quality spectrum
The Determinants of Money Laundering: Evidence from Italian Regions
No full textAccording to the INTERPOL definition, money laundering is: “any act or attempted act to conceal or disguise the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources”. Illegally obtained funds are laundered and moved around the world using front companies, intermediaries and other money transmitters. In this way, the illegal funds remain hidden and are integrated into the legal economy. This type of crime undermines the reputation of financial institutions and jurisdictions,, compromising investors’ trust in them, and therefore weakening the entire financial system. By using annual data for the Italian regions (NUTS-2) over the period 2008 to 2015, this work aims to investigate the determinants of money laundering in Italy. Given its high heterogeneity in terms of economic and institutional characteristics, as well as the activity of organized crime in financial-related activities, Italy is a compelling case study. Our main findings reveal that, in most Italian regions, enforcement activities do exert significant deterrence on criminal behaviors: a negative relationship between enforcement and money laundering can be identified only when there are very high levels of enforcement efforts. Moreover, we find that the major determinants influencing the rate of money laundering differ between northern central and southern regions, confirming the existence of regional dualism. In particular, the crime rate in the northern-central area is positively related to the level of corruption and the incidence of mafia-type crimes, and negatively related to educational attainment; whereas in the southern regions, money laundering is positively related to the size of the gaming and gambling sector
Two-way International Trade and Production in Italy: a Country/industry Specific Analysis
No full textEconomic interactions among high-income developed countries are characterized by high degrees of both intra-industry trade and intra-industry affiliate production and sales. Similar high-income countries both heavily trade with and invest into each other. This paper examines the determinants of Italian intra-industry trade and intra-industry production with most European trading partners using a dataset where variables are different not only between countries but also between sectors of the same country. Using different econometric methods, the results obtained suggest that intra-industry trade and intra-industry production tend to share the same determinants; in particular they are higher as the two partner countries are more similar in relative factor endowments (physical and technological capital), in relative country size and are less geographically distant
FDI Productivity Premium and Foreign Affiliates Heterogeneity: A Comparison between Advanced and Emerging Market Overseas Investments in the EU
No full textThis paper aims to investigate the existence of productivity heterogeneity among foreign-owned firms (FOFs) based in the European Union (EU). Using firm-level data for a sample of FOFs investing in the EU over the period 2006-2014, we find that foreign affiliates from advanced countries (AFOFs) show a positive productivity gap compared to foreign affiliates from emerging countries (EFOFs). However, when we consider the type and the motivation of FDI, our results reveal that, while AFOFs always seem to be more productive than EFOFs in manufacturing sectors, EFOFs appear to enjoy a productivity premium compared to AFOFs in the services, when their activity occurs in the same industry as their parent and they operate in less knowledge-intensive market sectors
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