Education-job (mis)matching and interregional migration: Italian university graduates’ transition to work

This paper explores the patterns of education-job (mis)matching of recent university graduates, focussing on the impact of interregional migration. With the aim of offering a place-based perspective on the topic, the paper looks at the three Italian macro-regions of the North, the Centre and the South, comparing them with the country as a whole. We use an indicator of education-job (mis)matching drawn and adapted from the literature, and apply both ordered logit and probit models with self-selection to a dataset on graduates’ entry in the labour market produced by the Italian National Statistical Institute. Our results suggest that, in line with most previous studies, interregional migration contributes to reduce education-job gaps: however, we find that the analysis for Italy as a whole masks stark differences between macro-regions, for which the typical North-South dualism still holds, confirming once more the cumulative and path-dependent nature of regional development trajectories

Regional variety and employment growth in Italian labour market areas: services versus manufacturing industries

This paper investigates the impact of regional sectoral diversity on regional employment growth in Italy over the period 1991-2001. Assuming that externalities may be stronger between industries selling similar products or sharing the same skills and technology (i.e. related industries), we analyze the role of different forms of sectoral variety at the Local Labour System (LLS) level. We consider variety both in terms of shared complementary competences that induce effective interactive learning and innovation, as well as a portfolio strategy to protect a region from external shocks in demand. Our results show strong evidence of a general beneficial effect of a diversified sectoral structure but suggest also the need to differentiate the analysis between manufacturing and services. In particular, overall local employment growth seems to be favoured by the presence of a higher variety of related service industries, while no role is played by related variety in manufacturing. When looking at diversity externalities between macro-aggregates, the service industry is affected by related variety in manufacturing, while no evidence of externalities is found from tertiary sectors to manufacturing

Innovation in risky markets. Multinational and domestic firms in the UK regions

This paper analyses the relationship between firm engagement in innovation and perception of market risk. It points to heterogeneity in the behaviour of multinationals (MNEs) versus single domestic firms, emphasising how this relationship changes across regional contexts

Does training help in times of crisis? Training in employment in Northern and Southern Italy

This paper explores the relative effectiveness of training in securing continued employment in a time of economic downturn, within the context of the Italian territorial dualism. We use a panel on 4,861 individuals for the period 2008-2011 and focus on how the effects of training differ between the South and the Centre-North of Italy, and also across workers with different levels of education

Shaping the formation of university-industry research collaborations: what type of proximity does really matter?

Research collaborations between universities and industry (U-I) are considered to be one important channel of potential localized knowledge spillovers (LKS). These collaborations favour both intended and unintended flows of knowledge and facilitate learning processes between partners from different organizations. Despite the copious literature on LKS, still little is known about the factors driving the formation of U-I research collaborations and, in particular, about the role that geographical proximity plays in the establishment of such relationships. Using collaborative research grants between universities and business firms awarded by the UK Engineering and Physical Sciences Research Council (EPSRC), in this article we disentangle some of the conditions under which different kinds of proximity contribute to the formation of U-I research collaborations, focusing in particular on clustering and technological complementarity among the firms participating in such partnerships

Regional income disparities, monopoly & finance

Many of the most prosperous places in the U.S. are hotbeds of technology and also the home bases of companies which exercise monopoly power across much larger territories – nationally, or even globally. This paper makes four arguments about regional income disparities. First, monopoly, and the market for new prospective monopolies amplifies agglomeration economies, making locations invincible and inimitable. Second, the taxes imposed by the monopoly firms on a wide range of economic activity, together with the restrictions they are able to impose on the dissemination and use of technology, further inhibit local economic development in other places. Third, financialization – the power of the financial sector over both firms which are receiving financing and firms which are paying cash out – serves to feed capital to these spatially concentrated monopolies – and prospective monopoly “while squeezing it out of other places and industries. Finally, we conclude that the most efforts at local economic development would be best furthered by breaking up the concentrated economic power of technology and finance

The material basis of modern technologies. A case study on rare metals

The unique properties of a wide range of Rare Metals (RMs) are crucial to achieve the functionality of modern technologies. By text mining 5,146,615 USPTO patents during the period 1976-2015, this paper systematically studies the technological dependence of new inventions on 13 key RMs, with the aim of exploring the link between critical raw materials and frontier technological innovation. We find that RMs play an increasing role as the material basis for modern technologies: the dependence varies significantly across technological areas and metal types, and it is particularly high for some emerging technologies such as semiconductors, nanotechnology, and green energy technologies. Further, we use a panel of technology-RM pairs over four decades to assess the impact of RM supply on innovation dynamics. The results show that increases in the supply of an RM significantly improve the patent output of technology areas based on it, contributing to the understanding of how innovation dynamics are shaped by the availability of natural resources with technological criticality

Global investments and regional development trajectories: the missing links

Global investments and regional development trajectories: the missing links. Regional Studies. Regional economic development has been long conceptualized as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localized. However, unprecedentedly fast technological change coupled with the intensification of global economic integration has spurred the need to place regional development in a truly open and interdependent framework. Despite substantial progress in the academic literature, rethinking regional development in this perspective still presents a number of challenges in terms of concepts, empirical evidence and policy approaches. Following an interdisciplinary assessment of how openness and connectivity – proxied by one of the many cross-border flows, i.e., global investments – interact with regional economic development trajectories, this paper presents a picture of the geography of foreign investments from and to the European regions and its change after the financial and economic crisis in 2008. This simple exercise sheds some initial light on how the operationalization of regional connectivity can improve one’s empirical understanding of the evolution of regional economies and the policy approach needed to support their reaction to change

Pain shared, pain halved? Cooperation as a coping strategy for innovation barriers

The paper analyses the relationship between the perception of barriers to innovation and the firm’s propensity to cooperate to mitigate their effect. First, we look at whether cooperation with research organizations or private firms is associated with experiencing different types of barriers, for example, financial constraints, lack of human capital or uncertain market demand. Second, we test whether experiencing several types of barriers simultaneously has a super-modular effect on the propensity to cooperate tout court, and the choice of cooperation partner. We find that having to face a single, specific constraint leads to firms ‘sharing the pain’ with cooperation partners—both research organization and other firms. However, the results of a super-modularity test show that having to cope with different barriers is a deterrent to establishing cooperation agreements, especially when firms lack finance, adequate skills and information on technology or markets. The paper adds to the innovation literature by identifying the factors associated with firms’ coping with different barriers by applying a selective cooperation strategy

Districts, multinationals and global/digital networks

This paper reflects on what remains of Becattini’s utopia in the new context of a globalized and digital economy. Can one still foresee a global world populated with local societies able to produce value by following their own inspirations and chorally participating in a world-wide division of cognitive labor? It is suggested that the interpretive value of Becattini’s theorizing remains, to the extent that one moves away from the consideration of the classical district model, and adopts his more general way of thinking about the economy, which is only exemplified by the historical circumstance of industrial districts. His view may well apply to a variety of circumstances, not only to industrial districts and it is flexible enough to encompass economic change under different environmental conditions