Our study confirms that the financial constraints to SME’s growth tend to appear as an excess of sensibility of the investment expenditures on firm’s cash flow. Through the application of dynamic panel data techniques to an extended version of Eulero’s investment equation of a sample of...

Using Local Labor Systems (LLSs) data, we assess the effect of the local productive structure on the employment growth in Italy during the period 1981-2008. Italy represents an interesting case study because of the high degree of spatial heterogeneity in local labor market performances and of...

Using Local Labor Systems (LLSs) data, we assess the effect of the local productive structure on employment growth in Italy during the period 1981-2008. Italy represents an interesting case study because of the high degree of spatial heterogeneity in local labor market performances and of the...

This paper takes its place in the line of studies analyzing the preconditions for ICT investment to have a positive impact on firm performance, verifying the complementarity between inputs examined, namely ICT, organizational change and training. The empirical analysis is conducted on a balanced...

The seminal work of Milgrom and Roberts (1990) established that interactions between factors such as Information and Communication Technologies (ICTs), organization and human capital entail a complementary relationship between these inputs; from such interactions, firms are able to exploit...

<em>Technological Change, Growth and Decline in a Post-Keynesian Perspective</em> - The role of technological change has been investigated in New Growth Theory as in post-keynesian models. In the first approach technological change comes from optimizing behaviour of the agents and, following the growth...

Our study confirms that the financial constraints of the SME's growth tend to appear as an excess of sensibility of the investment expenditures on the firm's cash flow. Through the application of dynamic panel data techniques to an extended version of Eulero's investment equation of a sample of...

Our study confirms that the financial constraints of the SME's growth tend to appear as an excess of sensibility of the investment expenditures on the firm's cash flow. Through the application of dynamic panel data techniques to an extended version of Eulero's investment equation of a sample of...

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 work investigates whether World Bank loans fostering trade liberalization are associated with less distorted export policies, by employing some gravity model-based measures of anti-export bias, and a Herfindhal index of export revenues concentration. When accounting for non-random selection...