This paper proposes a panel vector error correction model investigation of a quadratic relationship linking CO2 emissions, GDP levels and electric power consumption. We find that two independent long-run relationships emerge from the data. Since the null of homogeneity across units with regard...

We combine panel data with SVECM methodologies to assess the role of real shocks in determining price differentials in Italy. The main results can be summarized as follows. At a national level, we find strong evidence of persistent price and productivity misalignments across regions. In...

The purpose of this paper is to test the general validity of the NKPC previsions for the Italian manufacturing industries. In particular we are interested in estimating the extent to which the degree of nominal inertia and the fraction of backward-looking price-setters differ from industry to...

This paper investigates the impact of migration on Italian inbound tourism flows in a dynamic panel data framework. Arrivals, expenditure and nights from 65 countries are analyzed for the period 2005-2011. The migration variable is defined at both origin and destination in order to assess the...

This paper investigates the impact of migration on Italian outbound tourism trips disaggregated by purpose of visit. A dynamic panel data analysis is carried out on a sample of 65 countries over the period 2005-2011. To disentangle pushing and pulling effects, the migration variables are defined...

This paper aims to make a contribution to the still questioned bell-shaped relationship between carbon dioxide emissions and economic growth, which is commonly known in the literature as the Environmental Kuznets Curve hypothesis. In particular, it provides a panel analysis of a group of 82...

This paper investigates the impact of migration on Italian outbound tourism trips disaggregated by purpose of visit. A dynamic panel data analysis is carried out on a sample of 65 countries over the period 2005–2011. To disentangle pushing and pulling effects, the migration variables are...

In this paper we estimate the hybrid version of the New Keynesian Phillips Curve using Italian data. We study to which extent Real Marginal Cost definition and calibration of markup and labour income share affect the main parameters estimate. Our results show that the backward-looking component...

This paper aims to give a contribution on the still questioned bell-shaped relationship between carbon dioxide polluting emissions and economic growth, which is commonly known in the literature as the Environmental Kuznets Curve hypothesis. In particular, it develops a panel analysis for a group...