d/Seas Working Papers - ISSN 2611-0172 2017-12-22T19:21:45+01:00 Calogero Massimo Cammalleri Open Journal Systems <blockquote class="western" style="text-align: justify; orphans: 2; widows: 2; margin: 0.2cm 0cm 0.2cm 0cm;"><span style="color: #000000;"><span style="font-family: Times New Roman,serif;"><span style="font-size: medium;"><span lang="en-GB"><span style="font-weight: normal;">The aim of the dSEAS' WP is to share with a wide audience of academics, practi­tioners and policy-makers original researches in the fields of </span></span></span></span></span><span style="color: #000000;"><span style="font-family: Times New Roman,serif;"><span style="font-size: medium;"><span lang="en-GB"><em><span style="font-weight: normal;">economics, management, law, sociology, statistics</span></em></span></span></span></span><span style="color: #000000;"><span style="font-family: Times New Roman,serif;"><span style="font-size: medium;"><span lang="en-GB"><span style="font-weight: normal;">.</span></span></span></span></span><span style="color: #000000;"><span style="font-family: Times New Roman,serif;"><span style="font-size: medium;"><span lang="en-GB"><span style="font-weight: normal;"><br></span></span></span></span></span></blockquote> University student talent: the real driver for performance? 2017-12-21T19:53:00+01:00 Giovanni Boscaino Giada Adelfio <p>Investigation about the university student performance, and its measurement, are&nbsp;very crucial issues for any policy maker. Since the economic crisis, jobs market requires even&nbsp;higher skills and competences. Literature offers a lot of papers about the university student&nbsp;quality and performance, in order to identify the main determinants of them. Often, results are&nbsp;very different, and they seems to hold just in a specific context. This paper aims to investigate&nbsp;the role of&nbsp; a latent variable that can take into account the student motivation, aptitude, and&nbsp;abilities, here conveniently called talent. A random effect Quantile Regression on a new measure&nbsp;of Italian student performance has been adopted, and results seem to highlight the main role&nbsp;of the talent.</p> 2017-12-07T19:26:35+01:00 ##submission.copyrightStatement## Credit demand and supply shocks in Italy during the Great Recession 2017-12-21T19:53:00+01:00 Andrea Cipollini Fabio Parla <p>In this paper, we use Structural VAR analysis to disentangle credit demand and supply shocks and their effect on real economic activity in Italy during the 2008-2014 crisis period. The three endogenous variables considered are the loan interest rate, the loans growth rate and the employment to population ratio. The data are observed at annual frequency for each of 103 Italian provinces. The structural shocks are identified through heteroscedasticity, by letting the variance of the shocks to switch across four Italian macro-regions: North, Centre, South and Islands. Sign restrictions are used to interpret ex post the structural shocks. The empirical findings suggest a more important role of credit supply shocks in shaping the level of real economic activity. Furthermore, the results show that credit crunch hits the North of Italy less than the remaining macro-regions, especially the South-Italy.</p> 2017-12-07T00:00:00+01:00 ##submission.copyrightStatement## Saving process within a zero waste strategy in Sicily: a system dynamics approach 2017-12-21T19:53:00+01:00 Andrea Cuccia <p><span style="font-family: 'Times New Roman', serif;"><span style="font-size: xx-small;"><span lang="en-GB"><em>Disposable society represents a way of living that is not sustainable anymore, mainly in a context like our planet where resources are really scarce. As theorized by Paul Connett, the guru of zero waste strategy, there is no waste until that material still contains a drop of usefulness. The core point of the paper is the implementation of a zero waste strategy in a small municipality in Sicily. By building up a SD model we can figure out how saving process connected to the decrease of amount of waste piled up in the landfill, has been boosting this virtuous cycle, which is bound to cope with the citizens claims about environmental care and lower tax burden level.</em></span></span></span></p> 2017-12-07T00:00:00+01:00 ##submission.copyrightStatement## Some features of deindustrialisation in EU15 during the period 1999-2004: a multivariate analysis 2017-12-21T19:53:01+01:00 Maria Davì <p style="text-indent: 0.4cm; margin-bottom: 0cm;" align="justify"><span style="font-family: Times New Roman,serif;"><span style="font-size: medium;"><span style="font-family: Times New Roman,serif;"><span lang="en-US">During the past 40 years, employment in manufacturing, as a share of total employment, has steadily fallen in the world’s most advanced economies.</span></span>In this paper the causes and the different modalities of deindustrialisation process are examined closely with reference to 13 of the first EU15 countries. The aim of the analysis is to empirically explore if deindustrialisation is primarily a natural outcome associated with the development of modern societies or, on the contrary, can be defined a symptom of the failure of a country manufacturing sector.<span style="font-family: Times New Roman,serif;"><span lang="en-GB">To this end, the Analysis of Principal Components (PCA), applied on a n-way matrix, is used to obtain a synthesis of the factors influencing deindustrialisation. The </span></span><span style="font-family: Times New Roman,serif;"><span lang="en-US"> multivariate analysis was carried out on </span></span><span style="font-family: Times New Roman,serif;"><span lang="en-GB">the Eurostat data for the period 1999-2004, at a disaggregated level of manufacturing (i.e. Nace divisions), considering simultaneously the time, the regional and the sectorial effects. </span></span>The estimates indicate that the main factors responsible of the dynamics of deindustrialisation have been efficiency and the scale of production processes in various manufacturing activities.</span></span></p> 2017-12-07T19:31:57+01:00 ##submission.copyrightStatement## Leisure, Social Capital and Life Turns in Deviant Youth 2017-12-22T19:21:45+01:00 Fabio Massimo Lo Verde <p class="western" style="margin-bottom: 0cm; line-height: 100%;" align="justify">The production of social capital in a specific area of everyday life such as leisure time and the different socio-cultural contexts it is experienced in is a very interesting research issue, especially in the light of certain pecific meanings of the notion of social capital, such as Bourdieu's or, more recently, Putnam's. Nonetheless, this research issue is scarcely taken into consideration in Italy.</p> <p class="western" style="margin-bottom: 0cm; line-height: 100%;" lang="it-IT" align="justify"><span lang="en-GB">Albeit inexaustively, this paper intends to introduce this issue starting from a brief review on the generation of social capital in youth's leisure time contexts. In the first paragraph I problematize the notion of social capital as referred to leisure time "contexts" as well as analyze either the social capital literature dealing with the modes and experiences of leisure time, or the leisure time literature focusing on the construction of social capital in leisure time contexts. In the second paragraph I discuss some studies regarding the ways in which a particular age range - youth - produces social capital in leisure time contexts. In the third paragraph I focus on some studies regarding the issue of youth's leisure time as a potential "antisocial" time. In the fourth paragraph I introduce the discussion about the little importance given to public leisure in the service provision for youth's leisure time and the consequences determined by that in terms of social capital "erosion". The conclusion offers three metaphors for understanding the trends of leisure time and sociability </span></p> 2017-12-09T13:37:35+01:00 ##submission.copyrightStatement## A recap on Linear Mixed Models and their hat-matrices 2017-12-21T19:53:02+01:00 Gianfranco Lovison Mariangela Sciandra <p class="textbox" dir="ltr">This working paper has a twofold goal. On one hand, it provides a recap of Linear&nbsp;Mixed Models (LMMs): far from trying to be exhaustive, this first part of the working paper&nbsp;focusses on the derivation of theoretical results on estimation of LMMs that are scattered in&nbsp;the literature or whose mathematical derivation is sometimes missing or too quickly sketched.&nbsp;On the other hand, it discusses various definitions that are available in the literature for the&nbsp;hat-matrix of Linear Mixed Models, showing their limitations and proving their equivalence.</p> 2017-12-08T21:38:54+01:00 ##submission.copyrightStatement## Does regulatory regime matter for bank risktaking? A comparative analysis of US and Canada 2017-12-21T19:53:02+01:00 Sana Mohsni Isaac Otchere <p class="textbox" dir="ltr">The banking structure in the US is less concentrated, more competitive and less&nbsp;restrictive, whereas that of Canada is more concentrated, less competitive, and more restrictive.&nbsp;In the wake of the worst nancial crisis in 2008, most US banks were bailed out while Canadian&nbsp;banks sailed&nbsp;through the crisis relatively unscathed.&nbsp;We examine the risk taking behavior of&nbsp;banks in the US and Canada prior to the recent nancial crisis and nd that Canadian banks&nbsp;had lower risk than their US counterparts over the study period. Further analysis shows that&nbsp;entry restrictions, which create concentrated banking structure, restrictions relating to capital,&nbsp;liquidity and activities, and strong supervisory power and discipline positively related to the&nbsp;z-score, suggesting that these factors constrain excessive risk taking by Canadian banks. We&nbsp;also decompose the zscore into its components and re-estimate our baseline regression with&nbsp;the view to identifying the source of the risk. We nd that entry restrictions (and higher&nbsp;concentration) generate higher prots and lower variability of asset returns for Canadian bank&nbsp;whiles restrictions on activities reduce protability and increases variability in asset return;&nbsp;however, the former seems to overwhelm the eect of asset restriction, given the lower risk that&nbsp;we observe for the Canadian banks. The less concentrated but competitive banking structure&nbsp;in the US is associated with higher bank risk taking.</p> 2017-12-08T00:00:00+01:00 ##submission.copyrightStatement## Ideas for a new reading of the law regulation of internet service providers 2017-12-21T19:53:02+01:00 Fabrizio Piraino <p style="text-indent: 0cm; margin-top: 0.1cm; margin-bottom: 0cm; line-height: 100%; orphans: 2; widows: 2;" lang="it-IT" align="justify"><span style="font-family: Times New Roman, serif;"><span style="font-size: medium;"><span style="color: #000000;"><span lang="en-US"><em><strong><span style="background: #ffffff;">Abstract –</span></strong></em></span></span> <span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">The essay addresses the issue of the so called </span></span></span><span style="color: #000000;"><span lang="en-US"><em><span style="font-weight: normal;"><span style="background: #ffffff;">internet service provider</span></span></em></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">'s </span></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">l</span></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">iability under artt. 12-14 dir. 00/31, with specific regard to the violations of copyright. The study aims at demonstrating that European Law on ISP is not a law on tort, but regulates a sphere of lawful action in favor of </span></span></span><span style="color: #000000;"><span lang="en-US"><em><span style="font-weight: normal;"><span style="background: #ffffff;">internet service provider</span></span></em></span></span><span style="color: #000000;"><span lang="en-US"><em><span style="background: #ffffff;">s</span></em></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">. The analysis of the Court of Justice's case-law reveals that the primary remedy against offenses committed on the internet is an injunction, while damages are only a secondary relief. This confirms the hypothesis that artt. 12-14 dir. 00/31 draw the perimeter of the legitimate activity of the </span></span></span><span style="color: #000000;"><span lang="en-US"><em><span style="font-weight: normal;"><span style="background: #ffffff;">internet service provider</span></span></em></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">. The essay ends with a re-interpretation of the Italian provisions set forth at artt. 14-16 d.l gs. 70/2003 in order to align them, with the European directive, </span></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;">especially</span></span></span><span style="color: #000000;"><span lang="en-US"><span style="background: #ffffff;"> with regard to the hosting performance rules.</span></span></span></span></span></p> 2017-12-21T10:31:54+01:00 ##submission.copyrightStatement##