Roberto Simonetti

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As highlighted in chapter one of this book, in recent years mergers and acquisitions (M&As) have accounted for the majority of foreign direct investment (FDI), with the share of M&As in FDI even reaching 87% in the industrialized countries. It is reasonable to argue, therefore, that the recent growth in FDI is mainly due to the increase in international M&A(More)
Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993-1997 period, this paper examines the impact of foreign presence on the productivity of domestic enterprises. We find positive and significant externalities on Italian firms and negative or non-significant effects on Spanish and French firms. A(More)
This paper considers the alternative meanings attributed to the terms product and process innovation, and demonstrates, on the basis of the SPRU database on innovations in Great Britain, how the total number of product and process innovations varies according to the definition adopted. Only 3.1% of the innovations monitored can be univocally labelled as(More)
Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993-1997 period, this paper examines the impact of foreign presence on the productivity of domestic enterprises. We innovate on existing literature by using firm-level data comparable across countries. A generalisation of the results obtained for(More)
This paper describes the sectoral patterns of foreign direct investment in France, Italy and Spain, using a novel data-set on manufacturing firms for the 1993-97 period. Significant heterogeneities emerge across countries in terms of weight and distribution of foreign presence, and in terms of productivity levels of multinational firms. It is shown that(More)
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In this paper we explore whether a financialisation perspective can provide a more empirically satisfying account of recent developments in the pharmaceutical industry than the more commonly used resource-based or transaction cost approaches. Specifically, we note the evolution of the pharmaceutical industry structure from giant vertically integrated firms,(More)
The effect of milk on dental caries was studied on a sample of 6-to-11-year-old Italian schoolchildren. The daily amount of milk consumed and the frequency of consumption of sucrose-containing foods were obtained by a 24-hour dietary diary. In the subsequent oral examination, the level of visible plaque and the number of decayed, extracted and filled teeth(More)
Much of the current debate on health care goals, medical innovation and trade rules focuses on the misalignment between the need to provide incentives to innovation – mainly through a tight intellectual property (IPR) regime – and the resulting negative consequences in terms of access to medicines. While this clash is certainly crucial, this contribution(More)
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