1,721,020 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
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
La localizzazione delle multinazionali nelle regioni italiane: variabile economiche e istituzionali
No full textFDI 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
Do Multinational Enterprises Foster Wage Spillovers? The case of the Italian Manufacturing Sector
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Illegal trafficking and unsustainable waste management in Italy: evidence at the regional level
Full text linkThe presence of organized crime strongly affects sustainable waste management in Italy. In particular, illegal traf cking of waste has become one of the fastest growing areas of crime and one of the most lucrative industries among organized criminal activities, which has now in ltrated both the Italian urban and hazardous waste management cycle. In this study, we aim to investigate the determinants of the illegal traf cking of waste using waste, economic, and enforcement data in a panel analysis over the period 2002-2013. The topic is particularly relevant, given the high heterogeneity across Italian regions which also relates, and eventually leads, to different environmental performances. Our main ndings reveal that, in most Italian regions, enforcement activities do not exert a signi cant deterrence on criminal behaviors; a negative relationship between enforcement and illegal traf cking of waste can be identi ed only for very high levels of enforcement efforts. Moreover, we nd that the major determinants in uencing the rate of illegal traf cking of waste differ between northern-central and southern regions, con rming the existence of a regional dualism. In particular, while in the northern-central area the crime rate is positively related to the level of education and negatively to the adoption of environmentally sound policies, in southern regions the organized activities for illegal traf cking are negatively related to the degree of education attainment and positively to the endowment of waste management plants
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