The hypotheses of sectoral return rates on regulating capital either gravitating around or converging towards a common value is tested on data for various OECD countries by adopting two panel varying coefficient approaches. Our null hypotheses receive some empirical support, that turns out to be...

We consider the effect of money illusion - defined referring to Stevens' ratio estimation function - on the long-run Phillips curve in an otherwise standard New Keynesian model of sticky wages. We show that if agents under-perceive real economic variables, negative money non-superneutralities...

The convergence of regional electricity intensities in Italy is studied over the period from 1997 to 2007. We emphasize the importance of the statistical significance of the results, which show a striking sclerosis of the geographic distribution of the variable under scrutiny. A shift-share...

We investigate the link between inflation, growth and unemployment nesting a model of fair wages into one of endogenous growth of learning by doing and assuming that firms protect wages' purchasing power against inflation in exchange of worker's effort. Unemployment decreases with higher...

We test the hypotheses of industry return rates either gravitating around or converging towards a common value in Taiwan and New Zealand. We adopt various econometric approaches. The results are then nested in a meta-analytic framework together with those of the past literature. Various kinds of...

The present paper assesses the impacts of renewable energy generation and globalization on income inequality in Argentina. We make use of vector autoregression models. We find that globalization and hydroelectric power increase inequality, while the opposite holds true for other renewable energy...

This paper explores aggregate profitability in Italy from 1994 to 2005 in its connection with structural change and gender employment disparities. The aggregate profit rate declined, but the profit share did not so. Male variables tend to have more weight than female ones in explaining aggregate...

The convergence of regional electricity intensities in Italy is studied over the period from 1997 to 2007. We stress the importance of the statistical significance of the results, which point to an impressive sclerosis of the geographic distribution of the variable under scrutiny. A shift-share...

In the present paper the link between renewable energy generation and imports dynamics is explored in import demand equations. We find that renewable energy generation reduces import growth. Results display a considerable robustness.

In a multivariate setting, we document that renewable energy generation has a positive impact on economic growth at the regional level in Italy. We do so by adopting panel data unit-root and cointegration tests as well as Granger non-causality tests relying on the system GMM estimator. Our...