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Publications (97)
The EU Industrial Policy Report 2024, coordinated by the Luiss Hub for New Industrial Policy and Economic Governance (LUHNIP), addresses the pressing challenges facing the European Union in the wake of geopolitical shifts, economic transformations, and environmental imperatives.
The report aims to contribute to the current discussion on the future...
This paper investigates the role of green research networks in green innovation capabilities (proxied by green patents) in European regions. Our hypothesis is based on the idea that cross-border collaboration facilitates the diffusion of knowledge, thereby favouring the green innovation of the regions belonging to the network. We exploit informatio...
After analysing strengths and weaknesses in the United States and European Union’s digital value chains, this paper compares these countries’ industrial policy strategies in the semiconductor industry. We study the characteristics of the US CHIPS Act and the EU Chips Act by analysing the protagonists, objectives, instruments, conditionalities, and...
The purpose of this paper is to analyze the impact of environmental regulation on innovation and international competitiveness. We test the weak, narrow, and strong versions of Porter's hypotheses by looking at the impact of environmental regulation on exports both directly and indirectly through innovation and by introducing the role of pollution...
This paper studies the impact of participation in global value chains (GVCs) on innovation in Vietnamese small and medium enterprises (SMEs). We find that the Vietnamese SMEs that participate in GVCs are more likely to introduce product innovation. We also show that the likelihood of introducing product innovation for firms that participate in GVCs...
The third installment of the ‘European Public Investment Outlook’ series is an important and timely publication that draws together recent analyses to recommend significant increases in public investment in green ventures. Compelling data from key economists affiliated with international organizations like the International Monetary Fund, European...
This paper investigates the role played by the position of European regions in research networks on their rate of innovation and economic growth. The analysis is based on a panel of EU-28 NUTS2 regions participating in EU Framework Programmes observed over the 2004–2014 period. We find that regions that are more central in the network (higher stren...
The main object of this paper is to investigate the impact of environment-related networks (or eco-networks), which we interpret as a type of open eco-innovation, on employment. We exploit information from an original dataset which reveals collaboration among Italian enterprises that have signed business network agreements (BNAs), a policy instrume...
This paper aims at revisiting the empirical evidence on the recent trends of countries’ integration in global value chains (GVCs) in Europe. It investigates two potential sources of unbalances that these processes might relate to (i) the sectoral specialization of the patterns of international fragmentation, whether high-technology manufacturing or...
This paper investigates persistence in entrepreneurship across Italian provinces over the period 1927–2017. We distinguish between a ‘general’ dimension (sociopsychological) and a ‘specific’ dimension (learning) of the role model effect. Based on data obtained from a comprehensive survey conducted in 1927 by the Italian National Statistical Institu...
We examine whether the existing stock of immigrant firms induces more new firms of the same nationality in the same sector and province. We carry out the analysis by using Italian administrative data on the population of individual firms observed over the time window 2002–13. We find support for a strong attractiveness (pulling) effect, which signi...
We blend the economics of diversity and evolutionary economic geography theories and study the relationship between the cultural diversity of foreign-born entrepreneurs and regional sectoral diversification, proxied by the sectoral variety of newborn firms. We focus on Italian evidence and use a unique data set that stems from a combination of diff...
We study the impact of measures devoted to relieving financial constraints for the growth and survival of Italian innovative start‐ups. Using balance sheet data on innovative start‐ups and information on the use of the Italian Central Guarantee Fund for small and medium‐sized enterprises, we evaluate whether access to the fund, relieving financial...
After the global financial crisis, the ECB, as other major central banks, has introduced new monetary instruments to effectively respond to economic and financial shocks. This paper aims to analyse the role of monetary policy in the Eurozone's economic activity and studies responses of industrial production and inflation to standard and non-standar...
This paper investigates the role of knowledge based capital for participation and value appropriation in global value chains (GVC) for a sample of European countries over 1995-2011. We distinguish between different forms of participation in GVC entailing a different degree of capability to create value added domestically and examine how different i...
This article investigates the impact of participation in global value chains
(GVCs) on productivity growth considering the mediating effect of investment in intangible assets. We explore the existence of synergies between intangible capital accumulation and GVC participation and their influence on productiv- ity in a sample of nine European economi...
This paper investigates the impact of participation in global value chains (GVCs) on productivity growth considering the mediating effect of investment in intangible assets. We explore the existence of synergies between intangible capital accumulation and GVC participation and their influence on productivity in a sample of 9 European economies in 1...
This article looks at the determinants of a country’s participation in business services (BS) global value chains (GVCs). BS GVCs are comparatively less explored than traditional manufacturing ones, and there is a gap in the literature on the relative positions of countries in BS GVCs and the opportunities they might open for development. This arti...
This paper investigates the impact of participation in global value chains (GVCs) on productivity growth considering the mediating effect of investment in intangible assets. We explore the existence of synergies between intangible capital accumulation and GVC participation and their influence on productivity in a sample of 9 European economies in 1...
The European Union introduced a directive aimed at reducing trade credit due to its supposedly negative effect on the European economy. This contrasts with the redistribution view arguing that trade credit could facilitate the financing of credit‐constrained firms by more liquid suppliers. But does trade credit mainly flow from relatively unconstra...
This paper studies the determinants of companies’ performance during the crisis based on their short-term (sales changes) and medium-term (exit) reaction, using firms’ data from the European Firms in Global Economy (EFIGE) survey and combining them with balance-sheet statistics. The results, based on the four largest euro area countries show that v...
The paper analyses the determinants and the evolution of income disparities across regions within Central and Eastern European Countries (CEECs) over 1991–2011. We add to the literature in different ways. First, we adapt the categories that Rodriguez‐Pose used for studying convergence among old EU members to CEECs regions. This allows us to assess...
This paper reviews the evidence that investment in intangible capital is an important source of economic growth highlighting its well known effect on capital contribution and Total factor productivity but also its stimulating impact on countries’ participation in global value chains. We show that the GDP share of intangible capital is as relevant a...
The main goal of this paper is to analyse the single and joint impact of regulation policies and research network policies on environmental innovation. Our theoretical framework combines the open eco-innovation mode approach with the Porter Hypothesis, by adapting them to the knowledge production function where green patents are the dependent varia...
This paper explores the specialisation of European Union (EU) regions in key enabling technologies (KETs) and assesses whether or not being specialised in these technological areas has an effect on regional growth. The evidence presented shows that regions specialised in KETs are concentrated in central Europe; however, over the period taken into a...
This paper investigates the role of intangible assets as factors influencing participation in global value chains (GVC). We distinguish between different forms of participation in GVC entailing a different degree of capability to generate value added domestically and we examine how different intangibles affect countries’ engagement in GVC and the r...
This paper studies the determinants of companies’ performance during the crisis based
on their short-term (sales changes) and medium-term (exit) reaction, using firms’ data
from the EFIGE survey and combining them with balance-sheet statistics. The results
show that vulnerability to the crisis depended on a company’s position within a GVC
and modes...
This paper investigates the role of skill heterogeneity in affecting differences in occupational mismatch across fields of study. By relying on measures of overeducation and overskill collected in the 2014 ISFOL survey, we test to which extent the two phenomena differ across fields of study and the role played by merit and non-cognitive skills. We...
This paper investigates the role of public knowledge partnerships in EU-funded framework programmes (FP) on knowledge creation across a sample of European countries. Different from previous studies, we investigate whether the impact of participation in FP on new knowledge (patents) differs across private companies, universities and public research...
This paper investigates the impact of “relational” spillovers, arising from participation in European research networks, on knowledge creation across European regions. We use links in the EU Framework Programmes (from the Fourth to the Seventh) to weigh foreign R&D in order to construct a relational distance matrix across 257 European regions over...
This paper investigates the impact of the use of the informal recruitment channel (relatives and friends) on the probability of being overeducated in the Italian labour market, taking into account its impact on spatial flexibility. We argue that the informal recruitment channel may increase job–education mismatches both directly (by inducing some w...
The paper analyses the determinants of regional disparities in per capita gross domestic product (GDP) and their evolution over time in the enlarged European Union (EU). With reference to the literature it groups EU regions on the basis of three different factors—specialisation, socio-economic features, and innovation. It then analyses regional dis...
The last twenty years have seen an increase in European integration and the emergence of the technological revolution. Although tighter integration coupled with technological innovation should facilitate cross-regional convergence, some European regions have managed to jump ahead while others have been left behind. This book examines the regional c...
This paper studies the impact of competition on lending behaviour and cross-selling incentives of banks in a spatial competition model of the banking sector where positively evaluated loan applicants are more likely to buy other services from their lending bank. Overall our model suggests that the more competition increases in the loan market, the...
This paper investigates the impact of relationship lending on innovation (the probability to innovate and the intensity of innovation). Using a unique dataset providing detailed information on bank–firm relationships across European firms, we relate different proxies of relationship lending (soft information, long-lasting relationships, number of b...
Abstract
We model the effect of cross-selling on the quality of banks’ loans and interest rates under alternative lending technologies when banks produce both hard and soft information. The main theoretical findings are: i) when banks adopt transaction lending technologies, where loan officers have only the task of screening loan applicants, cross-...
The scholarship on Global Value Chains (GVCs) is recently focusing on the international fragmentation of production that involves services and in particular business services. It has been argued that participation in business services GVCs might open up new opportunities for structural change and catching up in developing countries. What are the th...
This paper investigates the contribution provided by the Business service sector (BS) to the international competitiveness of manufacturing industries that acquire and use intangible intermediate inputs (in particular, those provided by two main BS sub-sectors: “Communication and computer related services” and “Other business activities”). The main...
This paper analyses the economic impact of digital technologies in Europe distinguishing between different stages/domains of the digitalization process. A set of composite Information and Communication Technologies (ICT) indicators is used for capturing the access to ICTs, the ability to use them and the digital empowerment of individuals in key so...
The determinants of inward foreign direct investment in business services across European regions, Regional Studies. The role of forward linkages with manufacturing sectors and other service sectors as attractors of business services foreign direct investment (FDI) is studied at the regional level. Using data on 146 NUTS-2 regions, it is found that...
Castellani D., Meliciani V. and Mirra L. The determinants of inward foreign direct investment in business services across European regions, Regional Studies. The role of forward linkages with manufacturing sectors and other service sectors as attractors of business services foreign direct investment (FDI) is studied at the regional level. Using dat...
The article accounts for the determinants of sectoral specialisation in business services (BS) across the EU-27 regions as
determined by: (i) agglomeration economies (ii) the region-specific structure of intermediate linkages (iii) technological
innovation and knowledge intensity and (iv) the presence of these factors in neighbouring regions. The e...
This paper investigates the impact of participation in European scientific networks on the stock of knowledge and on economic growth. We use scientific links in FP programmes to weight foreign R&D in order to construct two different measures of foreign R&D spillovers and we assess their impact on the production of knowledge (patents) and on economi...
This paper investigates the contribution provided by the Business service sector (BS) to the international competitiveness of manufacturing industries that acquire and use intangible intermediate inputs (in particular those provided by two main BS sub-sectors: “Communication and computer related services” and “Other business activities”). The main...
By integrating different industry level data sources (OECD Input–Output Tables, OECD Structural Analysis Database and EUROSTAT CIS) for a selected number of European countries, this paper aims at assessing the economic impact of business services (BS) on client industries. Compared to previous research, the specific value added of this contribution...
Although lease financing provides a significant source of funds enabling many companies to invest, few studies examine the determinants of leasing in Continental Europe and we are aware of no study on the Italian case. This paper investigates the relationship between financial constraints and leasing decisions for a sample of Italian firms. In part...
Questo articolo cerca di spiegare la specializzazione settoriale nei servizi alle imprese (SI) all'interno delle regioni dei Paesi dell'Unione Europea a 27. Oltre alle fonti tradizionali delle economie di agglomerazione come le esternalitŕ di localizzazione e di urbanizzazione, vengono incluse anche la struttura regionale specifica dei legami a val...
Abstract The paper provides a review of and presents some empirical evidence on the dynamics of knowledge, structural change and spatial concentration of economic activities, focusing on the case of business services (BS). It explores how the role of knowledge has evolved in relation to the dimensions of: (i) science, technology and structural chan...
The paper contains a non‐parametric analysis of regional convergence in the enlarged EU over the period 1998–2005. It finds overall convergence but growing within country disparities, especially due to the behaviour of newcomer regions. It also finds strong (but falling) spatial correlation of per‐capita income. Starting from this evidence, the pap...
In the last two decades a growing number of banks have started to implement cross-selling programs across their branch network in an effort to become sales-driven organizations. What are the consequences of cross-selling on the traditional role of banks as producers of imperfect information about borrowers? The authors show that the answer to this...
In this paper, we assess the determinants of information and communication technology (ICT) investment at the macro-level, for a panel of 10 advanced countries, in the period 1992-2005. We investigate the idea that, since ICTs are general purpose technologies, the decision to invest in these technologies is strongly affected by the general business...
The Economic Impact of Digital Technologies offers a profoundly illuminating examination of ICT transformations in Europe and its critical role in greater social inequality. It presents scholars and policy makers with original and practical tools to benchmark and assess the ICT diffusion and inclusion process. The core message of the book is that a...
This article analyzes the consequences of being recruited through the informal channel in the Italian labor market using data collected through a new survey implemented by Institute for the Development of the Vocational Training of Workers--ISFOL. We find that, while workers entering the labor market via "professional ties" enjoy a wage bonus and a...
In this paper we model and empirically test the impact of banks' shift towards financial services on their screening activity and on the quality of their loans. We present a model where it is easier to sell services to positively evaluated loan applicants and we show that the larger the banks' income from services, the lower their optimal screening...
This paper presents a monopolistic competition model of a bank choosing the optimal level of the screening effort in the presence of cross-selling activities. We demonstrate that, in absence of informational synergies, the larger is the range of services that the bank produces, the lower is the optimal screening effort. The paper also analyses the...
This paper studies the impact of the reform of the Employees Severance Indemnity (ESI) fund on Italian firms’ capital structure for a sample of 4680 Italian firms observed over the period 1991-2000. We find that, controlling for various factors affecting firms’ total leverage, ESI is a substitute for firms’ leverage. We also find that the degree of...
This paper studies convergence in per-capita GDP across European regions over the period 1980–2000. We use median unbiased estimators of the rate of convergence to the steady-state growth path, while allowing for unrestricted patterns of heterogeneity and spatial correlation across regions. By permitting the model parameters to be completely differ...
Meliciani V. (2006) Income and employment disparities across European regions: the role of national and spatial factors, Regional Studies 40, 75–91. The paper analyses the impact of trends in employment rates on income convergence across European regions looking at the evolution of entire distributions. Between 1988 and 1996, European regions have...
The purpose of this paper is to shed more light on the determinants of the number of bank lending relationships. In particular we look at the link between over-leverage and the number of banking relationships for a sample of Italian manufacturing firms, distinguishing between firms with a main bank and firms without a main bank. The main result of...
This paper investigates how countries become specialised in exporting specific producer services, particularly financial, communication and business services. We find that a country's ability to develop a competitive service economy depends on the structure of its manufacturing sector as some manufacturing industries are more intensive users of the...
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, th...
This article investigates the impact of technology-intensive services sectors on direct and indirect labour coefficients in a sample of OECD countries. We find that both domestic and imported services contribute to increase productivity. We also find that different service industries (transport, communication, financial, and business services) have...
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous time model is estimated on several European countries, Japan, and the US. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, the reduction...
Este artículo analiza cómo se especializan los países en la exportación de servicios a la producción específicos, concretamente, en servicios financieros, de comunicaciones y a empresas. Se observa que la capacidad de un país para desarrollar una economía de servicios competitiva depende de la estructura de su sector manufacturero, ya que algunas i...
This paper investigates the determinants of international competitiveness and specialisation in a group of producer service for a sample of OECD countries during the 1990s. We identified intermediate demand from the manufacturing sector as a strategic variable for international specialisation in producer services. Specialisation in manufacturing se...
Despite the growing theoretical literature on multiple banking relationships, empirical studies investigating the determinants of the number of bank-lending relationships are very scant. The purpose of this paper is to fill this gap. Using a new data set provided by a large Italian bank we provide econometric evidence that the number of banking rel...
The paper explores the effect of technological specialisation on economic growth within a balance-of-payments-constrained growth model. We find that countries that are specialised in fast-growing technologies experience above average rates of growth due to the positive effects on international competitiveness. Moreover, we find that innovation, imi...
The aim of the paper is to investigate the relative importance of international vis-ý-vis national technological linkages for international competitiveness for 19 industrial sectors. We estimate a dynamic model with an autoregressive structure in the dependent variable. In the paper competitiveness is captured both by cost competitiveness and by te...
This paper investigates the role of Information and Communication Technologies (ICTs) related knowledge flows for international competitiveness. Using bibliometric data we analyse the relationship between the strength of 12 OECD countries in four ICT related scientific fields and the ability of those countries to maintain and acquire export market...
The Importance of Technology-Based Intersectoral Linkages for Market Share Dynamics. — The paper introduces technology-based
intersectoral linkages (or technological spillovers) in an empirical model of international market share dynamics. The Pavitt
taxonomy is applied as a yardstick for interpreting the empirical results. Overall, the results app...
This paper estimates the effect of research and investment activities on patents across countries, industries and over time, using Poisson and negative binomial distribution models. The first result of the paper is the recognition of the importance of investment activities in contributing to technical change. The positive role of research expenditu...
This paper introduces inter-sectoral technology-based linkages (or technological spillovers) in a empirical model of international market share dynamics. The Pavitt taxonomy is applied as a yardstick for interpreting the empirical results. In accordance with the criteria behind the taxonomy, we find upstream linkages to be more important for the de...
This paper provides a survey on studies that analyze the macroeconomic effects of intellectual property rights (IPR). The first part of this paper introduces different patent policy instruments and reviews their effects on R&D and economic growth. This part also discusses the distortionary effects and distributional consequences of IPR protection a...
The paper investigates the growing sectoral specialization in technological activities of OECD countries (measured using patent data) and its impact on countries' innovative and economic performance in the 1975-1990 period. Aggregate indicators of sectoral specialization are introduced, showing the extent to which countries concentrate their innova...
This paper investigates the evaluation of R&D at the National Research Council of Italy (CNR) on the basis of the results of interviews with the Presidents of National Advisory Committees and the Directors of the Mission-Oriented Projects. The results show that the evaluation process is based, to the extent to which it is performed, almost exclusiv...
This paper investigates the determinants of specialisation in business services (R&D; computer and related services; other business services) for a sample of European regions over the period 1998-2005. We find that the composition of the manufacturing sector, technology and human capital are strategic factors affecting regional ability to specialis...
In this paper we investigate the determinants and economic impact of ICT at the macro level for a panel of ten countries over the period 1992-2005. We argue that, since ICT is a General Purpose Technology, its diffusion can be understood only considering the interaction with organizational and structural change. The empirical results are in line wi...
Thesis (Ph. D.)--University of Sussex, 1998.
