Similar Search Results

Is There a Long-Term Effect of Africa's Slave Trades?

Bottero, Margherita; Wallace, Björn - Banca d'Italia - 2013

Nunn (2008) found a negative relationship between past slave exports and economic performance within Africa. Here we … raiding outside Africa, and find evidence that questions the validity of such suggestion. In addition, our reading of the …

Persistent link: https://www.econbiz.de/10011105102

Output growth volatility and remittances

Bugamelli, Matteo; Francesco Paternï¿½ - Banca d'Italia - 2008

variable, the one related to the increasingly important phenomenon of international migrations, namely emigrants' remittances …. Remittances can help reduce output growth volatility thanks to their considerable magnitude, stability and low pro … over the period 1980-2003, we provide robust evidence that remittances are negatively correlated to output growth …

Persistent link: https://www.econbiz.de/10005770755

Weak institutions and credit availability: the impact of crime on bank loans

Patti, Emilia Bonaccorsi di - Banca d'Italia - 2009

This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over 300,000 bank-firm relationships. Controlling for firm, market and bank characteristics the results show that where the crime rate is higher borrowers pay higher interest rates,...

Persistent link: https://www.econbiz.de/10005092587

The Political Economy of Investor Protection

Tommasino, Pietro - Banca d'Italia - 2006

Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...

Persistent link: https://www.econbiz.de/10005609341

What determines debt intolerance? The role of political and monetary institutions

Giordano, Raffaela; Tommasino, Pietro - Banca d'Italia - 2009

Why do some states default on their debt more often than others? We argue that sovereign default is the outcome of a political struggle among different groups of citizens. It is more likely to happen if: (i) domestic debt-holders are relatively weak; (ii) the the political costs of the financial...

Persistent link: https://www.econbiz.de/10005113601

Service regulation and growth: evidence from OECD countries

Barone, Guglielmo; Cingano, Federico - Banca d'Italia - 2008

We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti-competitive regulation see a better economic performance of manufacturing industries using less-regulated services more intensively. Our results indicate that lower service regulation...

Persistent link: https://www.econbiz.de/10005113605

Earnings Dispersion, Low Pay and Household Poverty in Italy, 1977-1998

Brandolini, Andrea; Cipollone, Piero; Sestito, Paolo - Banca d'Italia - 2001

The paper presents estimates on the dispersion of earnings and the proportion of low-paid employees in Italy in the period 1977-1998, and it measures the differential impact of low pay and employment status on householdsï¿½ poverty. The estimates are computed from the micro-data of the...

Persistent link: https://www.econbiz.de/10005467306

Introduction to social choice and welfare

Suzumura, Kotaro - Banca d'Italia - 2002

Social choice theory is concerned with the evaluation of alternative methods of collective decision-making, as well as with the logical foundations of welfare economics. In turn, welfare economics is concerned with the critical scrutiny of the performance of actual and/or imaginary economic...

Persistent link: https://www.econbiz.de/10005609392

Italian trade and direct investment in North Africa

Settimo, Riccardo - Banca d'Italia - 2014

More than three years since the events of the Arab Spring, the five North African countries ï¿½ Algeria, Egypt, Libya, Morocco and Tunisia are still going through a difficult transition. This study provides an overview of Italian trade and direct investment in the region. The main stylized...

Persistent link: https://www.econbiz.de/10011100409

An empirical investigation of the relationship between inequality and growth

Pagano, Patrizio - Banca d'Italia - 2004

This paper studies the correlation between inequality, measured by the Gini coefficent of incomes, and the growth rate of per capita GDP in a panel of countries between the late 1950s and late 1990s. Inequality Granger causes growth with a negative coefficient, while growth Granger causes...

Persistent link: https://www.econbiz.de/10005609408