The purpose of this paper is to study the dynamics of growth and convergence in Spain for the period 1965-1995. We analyse the evolution of the per capita income distribution across Spanish provinces and estimate the effects on this evolution of factors such as private, human and public capital,...

The hypothesis that ownership structure affects persistence of profits in the Italian banking industry is tested. The time-invariant components of ROA and ROE are regressed against ownership concentration and the fraction of shares held by the major shareholders. The results show that abnormal...

This article is aimed at testing the catching up hypothesis for the Italian regions. The use of Malmquist productivity indices allows to decompose productivity growth into technological progress and technical efficiency change, interpreted respectively as innovation and catching up measurements....

In this article we examine the dynamics of economic reforms that are implemented by incumbent policy-makers interested in maintaining their political power. We use a sample of 86 countries over a time period going from 1980 to 2001 and find that the achievement of an equilibrium level of market...

This study examines the impact of education on criminal activity in Italy. A number of hypotheses are tested regarding the effects of education and past incidence of crime on criminal activity, using annual data for the 20 Italian regions over the period 1980 to 1995. Empirical results show that...

This paper studies the non-market effects of education on crime using a panel dataset for the 20 Italian regions over the period 1980-1995. Our empirical results suggest that education reduces crime over and above its effect through labour market opportunities (employment rate and wage rate)....

We define the wage incentive to management as the wage premium the manager earns because of his/her supervising role. We adopt an approach based on what if questions and estimate the premium at different quantiles of the distribution of wages for 26 European economies. To ease comparisons we...

This paper estimates an early warning system for predicting systemic banking crises in a sample of low income countries in Sub-Saharan Africa. Since the average duration of crises in this sample of countries is longer than one year, the predictive performance of standard binomial logit models is...