Home page


Associate Professor of Economics
Department of Economics and Social Sciences, Università Politecnica delle Marche,
Piazzale Martelli 8, 60121 Ancona Italy
+39-071-2207250
a.loturco(at)univpm.it


Research Interests:

Applied International Trade - International Trade, productivity and the labour market; International division of labour, tasks and gender disparities; Trade, FDI, economic geography and complexity of production; migration, trade and production; financial development, export and firm growth
.



NEWS:  
Import penetration and returns to tasks:  Evidence from the Peruvian labour market accepted for publication in Empirical Economics

For Gos' Sake. The impact of religious proximity on firms' exports conditionally accepted for publication in Journal of Comparative Economics



In progress:



Women at Work. A task analysis of the gender wage gap.
(with Elizabeth Jane Casabianca and Claudia Pigini)

We provide a task-based analysis of  the gender wage gap (GWG). We apply multivariate factor  analysis on the O*NET database and show that three main  tasks describe an occupation: manual,  managerial-interpersonal and cognitive-professional. Matching  our task measures with U.S. CPS data from 2003 to 2010 we find that the GWG narrows as the manual and cognitive-professional  intensity of tasks increases, whereas it widens in  managerial-interpersonal intensive jobs. Non-cognitive skills, then,  importantly characterize jobs and translate  into heterogenous returns across genders. Our empirical  strategy simultaneously accounts for endogenous selection into employment and occupations according to the latter's task  intensity.



Local Discoveries and Technological Relatedness: the Role of Foreign Firms
(with Daniela Maggioni R&R)
We explore the role of intra- and extra-regional product-specific capabilities in the introduction of local discoveries by Turkish manufacturing firms. We find that product discoveries in a region are favoured by their technological proximity to foreign firms and to pioneer firms’ internal capabilities. Technological proximity to local domestic firms does not play any role, unless new products are defined as new to the firm and not necessarily to the region. This evidence is explained by the novelty and exclusivity of foreign affiliates’ capabilities, required by local discoveries, which foster product diversification and upgrading.

Financial Dependence and Growth: the Role of Input-Output Linkages
(with Daniela Maggioni and Alberto Zazzaro)
With this paper we aim at widening the understanding of the finance-growth nexus by investigating the relevance of IO linkages. The seminal paper by Rajan and Zingales (1998) unambiguously proves
that industrial sectors that are relatively more in need of external finance develop disproportionately faster in countries with more-developed financial markets. In this paper we enlarge the scope of that original analysis and investigate whether financial development, beyond directly affecting growth of industries according to their financial dependence, also matters indirectly by potentially relaxing financial constraints of a sector’s downstream and upstream industries. More specifically, if financial development favours disproportionately more the growth of financially dependent industries, the latter’s development will also stimulate growth of upstream input providing and downstream input buyer industries. As a consequence, the benefits a sector gets from financial development will be magnified when its upstream and downstream sectors are more financial dependent. 
We explore this issue in a sample of countries at different development stages over the period 1995-2007. The growth of industries’ value added is modeled as dependent on the interaction between
the extent of countries’ financial development and the same, upstream and downstream industries’ extent of financial dependencies. Beyond confirming the finding by Rajan and Zingales (1998), preliminary results indicate that financial development favours disproportionately more the growth of sectors whose upstream industries’ financial dependence is higher. OLS results over the cross-section sample of countries present in the database over the whole 1995-2007 period are corroborated by the Pooled OLS estimates of the model for annual growth including a larger set of economies and industries whose data are available for a shorter number of years. Finally, countries at a lower financial development stage seem to drive the baseline evidence on the relevance of input providing sectors’ financial dependence for triggering the beneficial effect of financial development on growth.



Google Scholar               Research Gate                 Ideas-Repec                    Institutional Home Page



Subpages (4): CV Personal Research Teaching