This paper evaluates the impact of the taxation system on factor costs, investment and economic activity. This is performed on the basis of detailed analysis of the Italian tax system and the production of own estimates of the user cost of capital to labour, which capture the contribution of tax...

In this paper, we study whether industrial relatedness affects firms’ fixed investment behaviour, and whether this relationship is linked also to the operational and organizational proximity between banks and local economies. By estimating different specifications of a dynamic investment...

After more than one year of recovery industrial activity remains largely below the peak achieved at the beginning of 2008. This seems to support the hypothesis of a reduction in the potential output of the Italian industry. The economic outlook is affected by the loss in price competitiveness...

<Para ID="Par1">In this paper, we study whether related variety affects firms’ fixed investment behaviour, and whether this relationship is linked also to the operational and organizational proximity between banks and local economies. By estimating different specifications of a dynamic investment equation on...</para>