Giacomo Oddo | Bank of Italy (original) (raw)
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Papers by Giacomo Oddo
Social Science Research Network, 2023
SSRN Electronic Journal, 2017
Research Papers in Economics, Jun 1, 2016
This paper examines the determinants of outgoing remittances from Italy and presents a methodolog... more This paper examines the determinants of outgoing remittances from Italy and presents a methodology for quantifying the share of remittances not sent via official intermediaries (money transfer operators, banks, post offices) but transferred through informal channels and hence not measured and not included in official data. The existence of invisible flows can be inferred from the positive and statistically significant empirical relation between distance of the recipient country and average per capita remittance, after controlling for all other relevant explanatory variables. Such a relation should be null or non-significant if flows were observed in their entirety. Exploiting this empirical relation and relying on the detailed geographical breakdown of the data collected by the Bank of Italy, our proposed methodology estimates the informal channel to account for between 10 and 30 per cent of total outflows, mostly directed to countries closer to Italy. Our analysis shows a reduction in the share of informal remittances on total outflows: over the ten-year observation period it has shrunk by about 20 per cent.
The workshop entitled 'Global Value Chains: new evidence and implications' was held in Ro... more The workshop entitled 'Global Value Chains: new evidence and implications' was held in Rome on the 22nd of June 2015. The workshop presented the results of a research project carried out by a group of economists from the Bank's Directorate General for Economics, Statistics and Research. The first session focuses on the structure of global value chains and how they function in the euro area economies. The second and third sessions examine the implications of global value chains on competitiveness and economic performance, respectively. The last session concentrates on specific countries, regions and firms.
The paper presents an overview of available statistics on the internationalization of the Italian... more The paper presents an overview of available statistics on the internationalization of the Italian economy. The different sources are compared in terms of completeness, consistency and compatibility, timeliness, relevance and frequency of revisions, presence of systematic biases and significant discontinuities. The data representing the internationalization of the Italian productive system are not always consistent with each other. To address some deep questions, widely debated in the scientific literature, there is still a need to improve and enrich the production of statistics. The best answer to this type of information requirements is to be found in microdata, in which, as far as economically burdensome their production, investments are needed in order to understand a phenomenon of increasing complexity that has now gone beyond the information capacity of macroeconomic statistics. Such data would also be very useful for an effective economic policy, in which you feel a strong nee...
This paper examines the determinants of outgoing remittances from Italy and presents a methodolog... more This paper examines the determinants of outgoing remittances from Italy and presents a methodology for quantifying the share of remittances not sent via official intermediaries (money transfer operators, banks, post offices) but transferred through informal channels and hence not measured and not included in official data. The existence of invisible flows can be inferred from the positive and statistically significant empirical relation between distance of the recipient country and average per capita remittance, after controlling for all other relevant explanatory variables. Such a relation should be null or non-significant if flows were observed in their entirety. Exploiting this empirical relation and relying on the detailed geographical breakdown of the data collected by the Bank of Italy, our proposed methodology estimates the informal channel to account for between 10 and 30 per cent of total outflows, mostly directed to countries closer to Italy. Our analysis shows a reduction...
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
Journal of Economic and Social Measurement, 2016
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
Social Science Research Network, 2023
SSRN Electronic Journal, 2017
Research Papers in Economics, Jun 1, 2016
This paper examines the determinants of outgoing remittances from Italy and presents a methodolog... more This paper examines the determinants of outgoing remittances from Italy and presents a methodology for quantifying the share of remittances not sent via official intermediaries (money transfer operators, banks, post offices) but transferred through informal channels and hence not measured and not included in official data. The existence of invisible flows can be inferred from the positive and statistically significant empirical relation between distance of the recipient country and average per capita remittance, after controlling for all other relevant explanatory variables. Such a relation should be null or non-significant if flows were observed in their entirety. Exploiting this empirical relation and relying on the detailed geographical breakdown of the data collected by the Bank of Italy, our proposed methodology estimates the informal channel to account for between 10 and 30 per cent of total outflows, mostly directed to countries closer to Italy. Our analysis shows a reduction in the share of informal remittances on total outflows: over the ten-year observation period it has shrunk by about 20 per cent.
The workshop entitled 'Global Value Chains: new evidence and implications' was held in Ro... more The workshop entitled 'Global Value Chains: new evidence and implications' was held in Rome on the 22nd of June 2015. The workshop presented the results of a research project carried out by a group of economists from the Bank's Directorate General for Economics, Statistics and Research. The first session focuses on the structure of global value chains and how they function in the euro area economies. The second and third sessions examine the implications of global value chains on competitiveness and economic performance, respectively. The last session concentrates on specific countries, regions and firms.
The paper presents an overview of available statistics on the internationalization of the Italian... more The paper presents an overview of available statistics on the internationalization of the Italian economy. The different sources are compared in terms of completeness, consistency and compatibility, timeliness, relevance and frequency of revisions, presence of systematic biases and significant discontinuities. The data representing the internationalization of the Italian productive system are not always consistent with each other. To address some deep questions, widely debated in the scientific literature, there is still a need to improve and enrich the production of statistics. The best answer to this type of information requirements is to be found in microdata, in which, as far as economically burdensome their production, investments are needed in order to understand a phenomenon of increasing complexity that has now gone beyond the information capacity of macroeconomic statistics. Such data would also be very useful for an effective economic policy, in which you feel a strong nee...
This paper examines the determinants of outgoing remittances from Italy and presents a methodolog... more This paper examines the determinants of outgoing remittances from Italy and presents a methodology for quantifying the share of remittances not sent via official intermediaries (money transfer operators, banks, post offices) but transferred through informal channels and hence not measured and not included in official data. The existence of invisible flows can be inferred from the positive and statistically significant empirical relation between distance of the recipient country and average per capita remittance, after controlling for all other relevant explanatory variables. Such a relation should be null or non-significant if flows were observed in their entirety. Exploiting this empirical relation and relying on the detailed geographical breakdown of the data collected by the Bank of Italy, our proposed methodology estimates the informal channel to account for between 10 and 30 per cent of total outflows, mostly directed to countries closer to Italy. Our analysis shows a reduction...
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
Journal of Economic and Social Measurement, 2016
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000