The Italian economy performs well below the EU average. The reason is a dramatic and persistent low rate of investment, always invoked but never supported by national and supra-national institutions. However, investment to increase the quantity and quality of human capital is key to boost...

The Italian economy performs well below the EU average. The reason is a dramatic and persistent low rate of investment, always invoked but never supported by national and supra-national institutions. However, investment to increase the quantity and quality of human capital is key to boost...

The research described in this paper consists of an in-depth study of an important area of the Italian Mezzogiorno: the province of Salerno. The aim of the paper is twofold. The first was to identify, by means of cluster analysis, specialization of industrial areas in this province. For that,...

In this paper we test the nexus between financial development and economic growth upon territorially highly disaggregated data from Italy, paying particular attention to the role of market power of local banks and cooperative banks. Profit efficiency, computed using the so-called “true...

This paper examines whether Euro Area countries would have faced a more favorable inflation output variability tradeoff without the Euro. We provide evidence that this claim is true for the periods of the Great Recession and the European Sovereign Debt Crisis. For the Euro Area as a whole, the...

In this paper, we estimate indices of technological catch-up, technological change and variations in scale efficiency for a sample of 52 countries through the FDH approach with variable scaling parameters (VP-FDH) proposed in Kerstens and Vanden Eeckaut (1999). We compare the results with those...