foto

Alessandro Sembenelli

Università di Torino

Facoltà di Economia

Dipartimento di Scienze Economiche e Finanziarie

Corso Unione Sovietica 218 bis

10134 Torino

Italy

Tel +39-011-6706059

Fax +39-011-6706062

Mail sembenelli@econ.unito.it

 

Short Biography

CV

Current  Research Projects

Selected Publications in English

·           Recent Unpublished Working papers (Downloadable)

·           Papers in Refereed Journals

·           Contributions to Books and Conference Proceedings

2011-12 Teaching                                                                                                      

·        Econometria I (3rd year, Faculty of Economics, University of Torino, in Italian)

·        Econometrics II (jointly with F. Bagliano, 5th year, Faculty of Economics, University of Torino, in English and Italian)

-    Panel Data Econometrics (jointly with E. Battistin and M. Padula, Doctoral  Summer School,  CIdE, Bertinoro, in English)
Collegio Carlo Alberto

Italian Econometric Association
Other Useful Links

·        My Favourite Italian Rock Band

·        My Favourite Italian Football Team


 

Current Research Projects

      
     ·       
 Product Market Competition, Absorption, and Technology Spillovers from Multinational to Local Firms (with  K. Nilsson Hakkala)

·         Trust and Foreign Direct Investment (with M. Da Rin and  M. Di Giacomo)
-    The Impact of Venture Capital on Firm Performance ((with M. Da Rin and  M. Di Giacomo)

·          Product Market Regulation, "Knock-on" Effect, Entry and Productivity (with  L. Pascali and F. Schiantarelli)

·

 

  

Recent (and not-too-recent) Unpublished Working Papers*

      . M. Cosconati and A. Sembenelli (2010), Firm Subsidies and the Innovation Output. What Can We Learn by Looking at Multiple Investment Inputs?, Progress Report Series, IRVAPP, n. 3

  ·     L. Benfratello,  T. Razzolini and A. Sembenelli (2009), Does ICT Investment Hamper or Spur Offshoring? Empirical Evidence from Microdata, Department of Economics and Public Finance "G. Prato" Working Paper Series, University of Torino, n. 5 (updated June 2009)

      ·  G. Barba  Navaretti, G. Bertola and A. Sembenelli (2008), Offshoring and Immigrant Employment: Firm-level Theory and Evidence, Discussion Paper Series, CEPR, n. 6743  (updated December 2008)

  ·    F. Schiantarelli and A. Sembenelli (1997), Maturity Structure of Debt. Determinants and Effects on Firms' Performance. Evidence from the UK and Italy, Policy Research Working Paper, The World Bank, n. 1699 

 

Papers in Refereed Journals

     -  M. Da Rin, M. Di Giacomo and A Sembenelli (2011), Entry Dynamics and the Taxation of Corporate Profits: Evidence from Firm-level Data, Journal of Public Economics,95, 1048-1066
     -  M. Da Rin, G. Nicodano and A. Sembenelli (2011), A Reply to Douglas Cummings's Review Essay: Public Policy and the Creation of Active Venture Capital Markets, Venture Capital. An Internationa Journal of Entrepreneurial Finance, 13, 95-98
     ·    M. Da Rin, M. Di Giacomo and A Sembenelli (2010), Corporate Taxation and the Size of New Firms: Evidence from Europe, Journal of the European Economic Association, 8, 606-616

·      L. Benfratello, F. Schiantarelli and A. Sembenelli (2008), Banks and Innovation: Microeconometric Evidence on Italian Firms, Journal of Financial Economics, 90, 197-217

·     A. Sembenelli, and G. Siotis (2008), Foreign Direct Investment and Mark-up Dynamics: Evidence from Spanish Firms, Journal of International Economics, 76, 107-115

·     M. Parisi, F. Schiantarelli, and A. Sembenelli (2006), Productivity, Innovation Creation and Absorption, and R&D. Microevidence for Italy, European Economic Review, 50, 2037-2061

·     M. Da Rin, G. Nicodano and A. Sembenelli (2006), Public Policy and the Creation of Active Venture Capital Markets, Journal of Public Economics, 90, 1699-1723. See also .

·     L. Benfratello, and A. Sembenelli (2006), Foreign Direct Investment and Productivity, Is the Direction of Causality so Obvious?, International Journal of Industrial Organization, 24, 733-751

·     F. Bagliano and A. Sembenelli (2004), The Cyclical Behaviour of Inventories: European Cross-Country Evidence from the Early 1990s Recession, Applied Economics, 36, 2031-2044

·     A. Bottasso, and A. Sembenelli (2004), Does Ownership Affect Firms' Efficiency? Panel Data Evidence on Italy, Empirical Economics, 29, 769-786

·     G. Nicodano and A. Sembenelli (2004), Private Benefits, Block Transaction Premiums and Ownership Structure, International Review of Financial Analysis, 13, 227-244.

·     M.L. Parisi and A. Sembenelli (2003), Is Private R&D Spending Sensitive to Its Price? Empirical Evidence on Panel Data for Italy, Empirica, 30, 357-377

·     L. Benfratello, and A. Sembenelli (2002), Research Joint Ventures and Firm Level Performance, Research Policy, 31, 493-507

·     A. Sembenelli and D. Vannoni (2001), Market Structures with Multiproduct Firms: Welfare Analysis and Policy Implications, Journal of Industry, Competition and Trade, 1, 161-179

·     S.W. Davies, L. Rondi and A. Sembenelli (2001), European Integration and the Changing Structure of EU Manufacturing, 1987-1993, Industrial and Corporate Change, 10, 37-75

·     S.W. Davies, L. Rondi, and A. Sembenelli (2001), Are Multinationality and Diversification Complementary or Substitute Strategies? An Empirical Analysis on European Leading Firms, International Journal of Industrial Organization, 19, 1315-1346

·     A. Bottasso, and A. Sembenelli (2001), Market Power, Productivity and the EU Single Market Program. An Ex-Post Assessment on Italian Firm Level Data, European Economic Review, 45, 167-186

·     F. Schiantarelli and A. Sembenelli (2000), Form of Ownership and Financial Constraints, Panel Data Evidence from Flow of Funds and Investment Equations, Empirica, 27, 175-192

·     A. Sembenelli e D. Vannoni (2000), Why Established Firms Enter Some Industries and Exit Others? Empirical Evidence on Italian Business Groups, Review of Industrial Organization, 17, 441-456

·     L. Rondi, B. Sack, F. Schiantarelli and A. Sembenelli (1998), Firm's Financial and Real Responses to Business Cycle Shocks and to Monetary Contraction: Evidence for Small and Large Italian Companies, Giornale degli Economisti e Annali di Economia, 57, 35-64

·     L. Rondi, A. Sembenelli and G. Zanetti (1994), Is Excess Sensitivity of Investment to Financial Factors Constant across Firms? Evidence from Panel Data on Italian Companies, Journal of Empirical Finance, 1, 365-383

·     F. Jaramillo, F. Schiantarelli and A. Sembenelli (1993), Are Adjustment Costs for Labor Asymmetric? An Econometric Test on Panel Data for Italy, Review of Economics and Statistics, 65, 640-648

·     A. Sembenelli (1993), Signalling, Financial Hierarchy, and Agency Theory, as Explanations for Dividend Behaviour. Evidence from Italian Firm Data, Managerial and Decision Economics, 14, 37-45

·     L. Rondi and A. Sembenelli (1991), Testing the Relationship between the Growth of the Firms and the Growth of the Economy, International Journal of Industrial Organisations, 9, 251-259

 

Contributions to Books and Conference Proceedings

·     A. Bottasso, M. Galeotti e A. Sembenelli (1999), Financing Constraints and Markups: Further Evidence from Italian Firm Level Data, in “Micro and Macrodata of Firms, Statistical Analysis and International Comparison”, S. Biffignandi (Eds.), Springer-Verlag

·     S.W. Davies, L. Rondi, and A. Sembenelli (1997), Alternative Corporate Strategies, Multinationality versus Diversification, in “The Industrial Organization in the European Union”, B. Lyons and S.W. Davies (Eds.), Oxford University Press

·     B. Lyons and A. Sembenelli (1997), The European Union in Context, “The Industrial Organization in the European Union”, B. Lyons and S. W. Davies (Eds.), Oxford University Press

·     L. Rondi, A. Sembenelli, and E. Ragazzi (1997), Determinants of Diversification Patterns, Evidence from EU Leading Firm Data, “The Industrial Organization in the European Union”, B. Lyons and S. Davies (Eds.), Oxford University Press

·     A. Sembenelli and G. Vitali (1996), Acquisitions, Agreements e Innovation in the Italian Food Industry, “Economics of Innovation, The Case of Food Industry”, G. Galizzi and L. Venturini (Eds.), Springer-Verlag

·     F. Schiantarelli and A. Sembenelli (1993), Asymmetric Adjustment Costs and the Estimation of Euler Equations for Employment. An Application to UK Panel Data, “Labour Demand and and Equilibrium Wage Formation”, J.C. van Ours, G.A. Pfann and G. Ridder (Eds.), North Holland

*Note that the downloadable versions of my working papers do not necessarily coincide with those published in the above mentioned working paper series.