The presence of knowledge spillovers and shared human capital is at the heart of the Marhall-Arrow- Romer externalities hypothesis. Most of the earlier empirical contributions on knowledge externalities, however, considered data aggregated at a regional level so that conclusions are based on the...

This paper looks at spatial and sectoral effects on firm entry and exit in Italian NUTS-3 regions, over the period 2004-2009. We use a new version of spatial shift-share decomposition which looks more effectively at the neighbourhood influence, beyond traditionally looking at national,...

The paper proposes a novel methodology to assess the role of “location” in shaping firm growth. Along with traditional determinants (e.g., age, size and financial constraints), geographical location is alleged to drive firm growth. The...

Maximum likelihood estimation of spatial models based on weight matrices typically requires a sizeable computational capacity, even in rel- atively small samples. The unilateral approximation approach to spatial models estimation has been suggested in Besag (1974) as a viable alternat- ive to...

In this paper we examine the existence of destination, industry, and generic export spillovers at the regional level. The empirical analysis is conducted by examining data on export activity of 103 Italian NUTS 3 regions, the 10 industries with the highest export values in the period...

This paper formulates a bio-economic model that specifies the sequentiality of allocative choice on a migratory beekeeping farm in discrete form. It is assumed that the modeled farm operates in conditions of certainty and, allocating an apiary to forage sites, produces only two marketable...

Why did some countries in the Euro Zone between 2010 and 2012 - until the European Central Bank stepped in - experience a dramatic vicious circle between hard austerity plans and rising default risk premia? Were such plans too small, and hence non credible, or too large, and hence non...

The link between specialization and resilience in the organizational design literature is oftentimes characterized as a trade-off: either organizations attune their structures to a narrow class of external stimuli, or they choose the ability to manage a wide variety of inputs, thus increasing...

The turn of century long period of sustained growth with low and stable inflation let the economic profession and the public opinion to think that the right theoretical foundation for macroeconomic policy had been found. However the Great Crisis of 2008 indicates a spectac- ular failure of this...