The banking market changes, the globalization of trade relations, the territorial location, the differences in interest rates, the informative asymmetries are some of the aspects that explain the credit rationing phenomenon.Among these the firm dimension plays a crucial role.Theories and some...

Contrary to current thinking which views the European brain drain as a transitory phenomenon, this paper shows, using a micro-data analysis, that, as far as Italy is concerned, such migration is permanent. The present study provides new empirical evidence on the propensity to return. The...

The paper analyzes the units of full-time employment (ULA) as estimated by Istat National Accounts. The cyclical analysis can highlight the role that irregular employment (dependent and independent) play on the dynamics of the Italian economy, emphasizing the relationship of substitution between...

Has brain drain either negative or positive effect on the development and growth of those left behind? This paper shows empirical and theoretical relevance of the phenomenon and reviews both traditional literature and recent contributions about brain drain’s effects. First generation models...

Return migration is the positive counterpart of brain drain. Human capital accumulation increases in a country if skilled agents go back home after a period spent working abroad. Effects of brain drain in Italy could be negative as highly skilled migrants decide not to come back to their native...

Underlying this work is the idea that there is a problem of strategic complementarity of individuals who choose to evade. Complementarity results from the discretionary policies of governments and the strategic implications of the Studi di Settore (Sector Studies), the mechanism used in Italy to...

Does the brain drain have negative or positive effect on the development and growth of those left behind? This paper shows the empirical and theoretical relevance of the phenomenon and reviews both the traditional literature and recent contributions on the effects of the brain drain. The first...