Three large unbalanced panels of Italian manufacturing firms observed over the period 1991–2009 are employed to assess, by means of a dynamic GMM approach, whether the existence of financial frictions is suitable to explain deviations of inventories from their long-run path. A negative...

The paper assesses geographic spillovers of firms’ total factor productivity (TFP) through the lens of spatial econometrics. The aim is to use patent data to link the concepts of productivity and innovation, as well as to shed light on the role played by industrial agglomeration economies. TFP...

This paper aims at providing a first base of knowledge for the analysis of the strategies adopted by the Italian companies investing in Japan in high technology industries. Despite the Italian industrial system being only marginally present in the Japanese market, in comparison to other European...