In this study we analyse the role of the Clean Development Mechanism (CDM) established by the Kyoto Protocol in channelling foreign technology to China. The descriptive analysis investigates the sources and the determinants of foreign technology transfer based on the examination of 1,355...

We examine the growth performance of six emerging economies (Brazil, China, India, Indonesia, Russia and Turkey) in the last two decades and examine whether domestic structural constraints are affecting their present and future growth potential. In order to assess better the determinants of the...

<i> Collateral Affects of Disinflation in Italy </i> (di Emiliano Brancaccio, Daniela Marconi) - ABSTRACT:The prolonged Italian disinflation ended in 1997 has often been considered as a sort of prize for collective sacrifices. We provide a different view on disinflation, based on the analysis of the...

The export-led growth hypothesis for the Italian economy (1960-98) is tested through a VAR model with four macroeconomic variables: an index of the GDP of the rest of the world; the Italian real exchange rate; Italian real exports; and the Italian real GDP. Our results provide clear empirical...

The domestic saving rate in China is the highest in the world and it surpasses the investment share in GDP, which is also very high by international standards. This excessive saving results in a large current account surplus. Understanding why the Chinese save so much is a central issue in the...

Secondary data-set have come to play an increasing role in empirical economic research. This paper examines the major new secondary data-set assembled by Klaus Deininger and Lyn Squire and the World Bank. We concentrate on its coverage of the OECD countries. We have particularly in mind the user...

The banking industry is consolidating at an accelerating pace, yet not conclusive results have emerged on the benefits of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries.