This paper analyses the effect of competition from low-wage countries on domestic activity, using data on 230 Italian manufacturing sectors between 1995 and 2007. We find that low-wage import penetration is negatively related to employment and other measures of activity. The effect is...

This work contributes to the small but growing body of literature on international trade in services at firm level. Our dataset, based on a new Bank of Italy survey, provides information on exports and imports of services (excluding transportation and travel) in 2008-09 for almost 3,000 Italian...

This paper focuses on how multi-plant firms allocate their workforce and investments between headquarters or plants located in or close to the headquarters area (HQ plants) and those located in the same country but farther away from the headquarters area (non-HQ plants). Using survey data on...

Using unique matched bank-firm data on export, import and ordinary loans for a large sample of Italian manufacturing exporters for the years 2007-2010, this paper investigates the role of trade finance in a credit shock. We find that the credit shock faced by exporters in the aftermath of the...

<i> Internazionalizzazione del sistema bancario e propensione all'export delle province italiane </i> (di Enrico Beretta, Silvia Del Prete, Stefano Federico) - ABSTRACT: Il lavoro si inserisce nella letteratura dedicata allo studio degli effetti reali della finanza, prendendo in considerazione un...

<i> L’alta tecnologia in Liguria: aspetti strutturali e finanziari</i> (di Silvia Del Prete - Stefano Federico) - ABSTRACT: Nell’ultimo quinquennio sono sorte alcune iniziative che agglomerano a livello regionale aziende che fanno uso di tecnologie avanzate nel processo produttivo. Tra queste vi è...

type="main" xml:id="obes12023-abs-0001" <title type="main">Abstract</title> <p>This article analyses the effect of competition from low-wage countries on domestic activity, using data on 230 Italian manufacturing sectors between 1995 and 2007. It finds that low-wage import penetration is negatively related to employment and...</p>

This work presents, in a single framework, the results of several recent studies, carried out by Bank of Italy researchers, on the internationalization of the Italian productive system. The notion of internationalization is considered not only from the perspective of direct investments abroad...

In the last decade the Italian economy has underperformed compared both with the previous decades and with the main European countries. It is widely acknowledged that this evolution reflects unresolved structural problems, which have become more urgent in view of the major changes in the world...

Using data from U±cio Italiano dei Cambi and Istituto Nazionale di Statistica, we empirically assess the impact of Italy's outward foreign direct investment (FDI) on local employment growth between 1996 and 2001 for 12 manufacturing industries. We find that FDI towards advanced countries is...