Several analyses show that regional capital incentives induce additional investment and growth (Schalk and Untiedt, 2000). The impact of capital subsidies on employment is more doubtful, even if many studies found that the substitution effect outweighs the output effect (Gabe and Kraybill,...

This paper evaluates the erosion of electoral accountability of the "Governors" of the Italian Regions in three subsequent political moments: 1) the elections; 2) the inaugural speeches of the Governor; 3) their first important policy decision, the long-term regional budget (DPEFR). We use...

Since the early '90s Veneto's firms have progressively internationalised their production process. After having described this phenomenon, we discuss the conditions under which it could lead in the medium term to the vanishing of the district of origin and the potential development of an...

The traditional theory of public finance has made a strong case for a major role for fiscal decentralization. This case is based on an improved allocation of resources in the public sector. And it has four basic elements. First, regional or local governments are in a position to adapt outputs of...

There is an growing literature exploring the increasing fragmentation of production processes and the evolution of internationally-dispersed but functionally-integrated economic activities. However, most of this literature appears to neglect an important part of the story, that is the form and...

This paper studies the dynamics of output and export margins in the aftermath of external shocks in fixed and floating exchange rate regimes. Using a panel VARX model, it traces the mean responses of output, terms of trade, extensive and intensive margins to real and nominal shocks in 22...

The maintenance of rules is an emerging and relevant function of every kind of regulators in contemporary legal systems. If we look at history, it has always been present in order to respond to a diversity of needs, such as making rules accessible, or correcting and reforming them. Alongside...

This paper studies the implications of entry costs for business formation in a dynamic stochastic general equilibrium model with endogenous entry and exit. The paper first documents some facts about business formation in the US. Exit is more volatile than entry, both are more volatile than...

This paper systematically compares methods to build confidence intervals for willingness to pay measures in a discrete choice context. It contributes to the literature by including methods developed in other research fields. Monte Carlo simulations are used to assess the performance of all the...

This paper derives policy implications concerning a specifically developed questionnaire administration procedure aimed at eliciting agent-s pecific preferences for alternative policy variables with respect to the implementation of pol icy changes in the case of urban freight transport. In...