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The number of Italian firms in function of the number of workers is well approximated by an inverse power law up to 15 workers but shows a clear downward deflection beyond this point, both when using old pre-1999 data and when using recent (2014) data. This phenomenon could be associated with employent protection legislation which applies to companies with more than 15 workers (the Statuto dei Lavoratori). The deflection disappears for agriculture firms, for which the protection legislation applies already above 5 workers. In this note it is estimated that a correction of this deflection could bring an increase from 3.9 to 5.8% in new jobs in firms with a workforce between 5 to 25 workers.
This paper outlines a critical gap in the assessment methodology used to estimate the macroeconomic costs and benefits of climate policy. It shows that the vast majority of models used for assessing climate policy use assumptions about the financial
Inside the EU, the commercial integration of the CEE countries has gained remarkable momentum before the crisis appearance, but it has slightly slowed down afterwards. Consequently, the interest in identifying the factors supporting the commercial in
In this paper, we formulate a method for minimising the expectation value of the procurement cost of electricity in two popular spot markets: {it day-ahead} and {it intra-day}, under the assumption that expectation value of unit prices and the distri
The paper models foreign capital inflow from the developed to the developing countries in a stochastic dynamic programming (SDP) framework. Under some regularity conditions, the existence of the solutions to the SDP problem is proved and they are the
In this paper we address the question of the size distribution of firms. To this aim, we use the Bloomberg database comprising multinational firms within the years 1995-2003, and analyze the data of the sales and the total assets of the separate fina