158 research outputs found
Economic developments in the Italian regions in 2006
The Economy of the Italian Regions in the year 2006 analyzes the evolution of production, labour market, financial aggregates and regional public finances in the four main Italian territorial areas. Topics analyzed focus on structural change in the Italian economy; trends in Mezzogiorno's exports; the evolution of local markets for university-level education after the introduction of a three-year degree; and the composition of households' financial assets and liabilities. Also examined are regional regulation in the commerce sector and the management of local public transportation. Two final points of focus relate to local public finances: the degree of regional taxation flexibility, and the main peculiarities of the five special statute regions.Italian Regions, Economic Developments
Trade Credit as Collateral
A remarkable feature of short-term business finance is the widespread use of trade credit as collateral in bank borrowing, especially by small and medium-sized firms. The paper models the incentives for a firm to collateralize accounts receivable as a trade-off between the benefit from lower interest rates and the implicit cost from the disclosure of private information associated with this form of collateral. The model shows that the share of receivables pledged as collateral is larger: i) when the borrowing firm is riskier (and the difference in interest rates between secured and unsecured lending is larger); ii) when information disclosure costs for the firm are lower (e.g., when the information is dispersed among many banks and firmĂâs assets are mostly made up of tangibles); iii) when the default correlation between sellers and buyers is lower; iv) when the legal protection of creditors is weaker (and suppliers have a stronger advantage over banks in monitoring and enforcing loan contracts). These predictions are supported by empirical evidence in a sample of 7,250 Italian firms.trade credit, collateral, information disclosure
Il credito commerciale: problemi e teorie
This paper presents a survey of the literature on the determinants of inter-firm credit and on its implications for the transmission mechanism of monetary policy. Theoretical explanations for trade credit can be divided in two categories: a) theories based on real functions performed by trade credit; b) theories based on transaction and financial motivations. The former category includes theories that interpret the supply of trade credit as a tool to achieve a variety of marketing objectives (to build customer relationships, as a guarantee for product quality, as a mechanism for price discrimination, as a response to demand variability). The latter category includes theories that consider trade credit as a tool to reduce transaction costs (as a substitute for money) or as a financial alternative to bank credit or to other forms of financing. The paper also examines the macroeconomic implications of these theories, with special reference to the relations between trade credit and monetary policy. Conclusions set forward some hypotheses for research, by looking at preliminary evidence on European countries, which are characterised by strong differences in the length of payment terms that led to the adoption of an EC Directive on combating late payment in commercial transactions.credito commerciale, dilazioni di pagamento, politica monetaria
Validation and application of a quantitative real-time PCR assay to detect common wheat adulteration of durum wheat for pasta production
Pasta is the Italian product par excellence and it is now popular worldwide. Pasta of a superior quality is
made with pure durum wheat. In Italy, addition of Triticum aestivum (common wheat) during manufacturing
is not allowed and, without adequate labeling, its presence is considered an adulteration. PCRrelated
techniques can be employed for the detection of common wheat contaminations. In this work,
we demonstrated that a previously published method for the detection of T. aestivum, based on the gliadin
gene, is inadequate. Moreover, a new molecular method, based on DNA extraction from semolina and
real-time PCR determination of T. aestivum in Triticum spp., was validated. This multiplex real-time PCR,
based on the dual-labeled probe strategy, guarantees target detection specificity and sensitivity in a short
period of time. Moreover, the molecular analysis of common wheat contamination in commercial wheat
and flours is described for the first time
IDENTIFICATION OF E. COLI O157 IN A BOVINE MILK FARM BY MULTIPLEX REAL-TIME PCR
Law provisions about direct sell of raw bovine milk require VTEC O157 monitoring in bovine milk farms (milk and faeces). It has been showed that culture-based methods used for this scope, besides being cumbersome and time-consuming, may be also less sensitive, compared to molecular approaches. In this study, a multiplex Real-Time PCR, able to identify VTEC O157, Salmonella spp and Listeria monocytogenes, has been used to analyse milk, filter, sewage and stool samples from a milk farm, in comparison with standard OIE methods. The performances of the molecular protocol have been preliminary assessed with lyophilized samples from proficiency testing VLA, showing 100% accordance. Results from field samples indicated the absence of the pathogen in milk, and the higher sensitivity of Real-Time PCR with other matrices, suggesting its potential use for fast VTEC O157 identification
Rapid Qualitative Urinary Tract Infection Pathogen Identification by SeptiFastÂź Real-Time PCR
Background
Urinary tract infections (UTI) are frequent in outpatients. Fast pathogen identification is mandatory for shortening the time of discomfort and preventing serious complications. Urine culture needs up to 48 hours until pathogen identification. Consequently, the initial antibiotic regimen is empirical.
Aim
To evaluate the feasibility of qualitative urine pathogen identification by a commercially available real-time PCR blood pathogen test (SeptiFastÂź) and to compare the results with dipslide and microbiological culture.
Design of study
Pilot study with prospectively collected urine samples.
Setting
University hospital.
Methods
82 prospectively collected urine samples from 81 patients with suspected UTI were included. Dipslide urine culture was followed by microbiological pathogen identification in dipslide positive samples. In parallel, qualitative DNA based pathogen identification (SeptiFastÂź) was performed in all samples.
Results
61 samples were SeptiFastÂź positive, whereas 67 samples were dipslide culture positive. The inter-methodological concordance of positive and negative findings in the gram+, gram- and fungi sector was 371/410 (90%), 477/492 (97%) and 238/246 (97%), respectively. Sensitivity and specificity of the SeptiFastÂź test for the detection of an infection was 0.82 and 0.60, respectively. SeptiFastÂź pathogen identifications were available at least 43 hours prior to culture results.
Conclusion
The SeptiFastÂź platform identified bacterial DNA in urine specimens considerably faster compared to conventional culture. For UTI diagnosis sensitivity and specificity is limited by its present qualitative setup which does not allow pathogen quantification. Future quantitative assays may hold promise for PCR based UTI pathogen identification as a supplementation of conventional culture methods
On the track for an efficient detection of Escherichia coli in water : A review on PCR-based methods
Ensuring water safety is an ongoing challenge to public health providers. Assessing the presence of fecal contamination indicators in water is essential to protect public health from diseases caused by waterborne pathogens. For this purpose, the bacteria Escherichia coli has been used as the most reliable indicator of fecal contamination in water. The methods currently in use for monitoring the microbiological safety of water are based on culturing the microorganisms. However, these methods are not the desirable solution to prevent outbreaks as they provide the results with a considerable delay, lacking on specificity and sensitivity. Moreover, viable but non-culturable microorganisms, which may be present as a result of environmental stress or water treatment processes, are not detected by culture-based methods and, thus, may result in false-negative assessments of E. coli in water samples. These limitations may place public health at significant risk, leading to substantial monetary losses in health care and, additionally, in costs related with a reduced productivity in the area affected by the outbreak, and in costs supported by the water quality control departments involved. Molecular methods, particularly polymerase chain reaction-based methods, have been studied as an alternative technology to overcome the current limitations, as they offer the possibility to reduce the assay time, to improve the detection sensitivity and specificity, and to identify multiple targets and pathogens, including new or emerging strains. The variety of techniques and applications available for PCR-based methods has increased considerably and the costs involved have been substantially reduced, which together have contributed to the potential standardization of these techniques. However, they still require further refinement in order to be standardized and applied to the variety of environmental waters and their specific characteristics.
The PCR-based methods under development for monitoring the presence of E. coli in water are here discussed. Special emphasis is given to methodologies that avoid pre-enrichment during the water sample preparation process so that the assay time is reduced and the required legislated sensitivity is achieved. The advantages and limitations of these methods are also reviewed, contributing to a more comprehensive overview toward a more conscious research in identifying E. coli in water.Diana Mendes (SFRH/BDE/33752/2009) was recipient of a fellowship from the Fundacao para a Ciencia e a Tecnologia (FCT, Portugal) and Frilabo, Lda. The authors thank Tatiana Aguiar (Centre of Biological Engineering) for English proofreading, the financial support from the Project "Desenvolvimento de um kit de detecao e quantificacao de E. coli e bacterias coliformes em aguas", Ref. 2009/5787, Programa Operacional Regional do Norte (ON.2 - O Novo Norte), QREN, FEDER, the FCT Strategic Project PEst-OE/EQB/LA0023/2013 and the Project "Biolnd-Biotechnology and Bioengineering for improved Industrial and processes", REF. NORTE-07-0124-FEDER-000028 Co-funded by the Programa Operacional Regional do Norte (ON.2 - O Novo Norte), QREN, FEDER
Does the Underground Economy Hold Back Financial Deepening? Evidence from the Italian Credit Market
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