Showing 1 - 10 of 121
, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …
Persistent link: https://www.econbiz.de/10012754560
We document cash management patterns for households that are at odds with the predictions of deterministic inventory models that abstract from precautionary motives. We extend the Baumol-Tobin cash inventory model to a dynamic environment that allows for the possibility of withdrawing cash at...
Persistent link: https://www.econbiz.de/10012755329
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation success from firm surveys along with the usual Ramp;D...
Persistent link: https://www.econbiz.de/10012758059
The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually...
Persistent link: https://www.econbiz.de/10012759191
Inspite of the centralized nature of wage bargaining in Italy, we find some evidence suggesting the existence of firm …-wage policies. Firstly, the ratio of the between-firm wage variability relative to total wage variability is sizeable, and not very … degree of wage compression in Italy could be associated with higher entry and exit rates …
Persistent link: https://www.econbiz.de/10012760186
University in Italy, this paper shows that an increase of 1,000 euro in the continuation tuition reduces the probability of late …
Persistent link: https://www.econbiz.de/10012760426
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...
Persistent link: https://www.econbiz.de/10012760665
Pay-as-you-go Social Security is typically characterized as a universal defined benefit pension program. Implicit in this characterization is a sense that the participant%u2019s investment in future benefits is somehow guaranteed, or safe from risk. This study develops the concept of...
Persistent link: https://www.econbiz.de/10012761674
Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...
Persistent link: https://www.econbiz.de/10012763337
capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and …
Persistent link: https://www.econbiz.de/10012763754