After a prolonged postwar period of remarkable foreign ownership penetration, in the last two decades Italy lost its high position as a country of destination of worldwide inward FDI. At the beginning of the new millennium, Italy ranks about 13 th regarding the stock, and 21 st regarding the...

Home country effects of domestic firms investing abroad have been a highly debated issue. Overall, the results of a number of empirical studies seem not to support the fear that MNEs are exporting domestic production and/or jobs; however the issue should be examined more deeply. In particular,...

The well-known anomaly of the size structure of Italian manufacturing industry, in which small and micro firms have a disproportionately high share of total employment and value added and large firms a correspondingly low one, has been accentuated in recent years, depressing nominal labour...

The present paper investigates the effect of outward investments by Italian manufacturing firms on the domestic employment level and on its skill composition, as measured by the increase in the aggregate share of skilled workers (managers and clerks) in total employment. In doing so, the paper...