Search results for " Politica economica"

Gli svantaggi di costo e competitività delle imprese manifatturiere siciliane: un confronto interregionale attraverso un'indagine sul campo

2013

Divari manifatturieri e strumenti di politica industriale. Il caso del credito d'imposta in Sicilia

2013

Discretionary Fiscal Policies over the Cycle: New Evidence Based on the ESCB Disaggregated Approach

2012

This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central Banks of European Union countries in the ESCB framework for analysing fiscal policy. The analysis is based on the estimation of fiscal policy rules linking these measures of legislated fiscal policy changes to the output gap and other control variables. Then, baseline results are compared with regression estimates where variations of cyclically-adjusted indicators are used as proxy for discretionary…

Federalismo Fiscale, dinamica della spesa in conto capitale e processi di interazione spaziale: alcune evidenze empiriche

2010

A growing number of countries throughout the world are reconsidering the role and functions of the various levels of government in order to make public policies more effective in meeting the needs of citizens by firmly pursuing administrative devolution. This paper analyses regional interactions in the dynamics of capital public expenditure based on the estimates of a dynamic gravity model (Dendrinos-Sonis,1990) using the database on Italian Regional Public Accounts (RPA) in the 1996-2007 period. This empirical model allows for the analysis of dynamic relations of a horizonal nature (i.e., between various regions) and vertical nature (i.e., between various levels of government) compared to …

The determinants of FDI: a new network-based approach

2022

This article investigates the determinants of FDI at sub-national level. It recognizes that MNEsModified Letter Turned Comma foreign activities are organized in networks of strongly interconnected, but geographically dispersed affiliates. This implies a different approach to the analysis of the determinants of FDI, which should focus on contextual factors able to stimulate economic relations at distance. Methodologically, we use a gravity-type model and different regression techniques with a new dataset on networks of FDI involving German and Italian regions. We find evidence that technologically proximate regions sharing the same industry profile are more likely to experience positive and …

Booms and busts in housing markets: determinants and implications

2009

This study looks at real estate price booms and busts in industrialised countries. It identifies major and persistent deviations from long term trends for 18 countries and estimates the probabilities of their occurrence using a Random Effects Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a significant magnitude; 2) there appears to be a strong correlation between the persistence and magnitude of booms and subsequent busts; 3) economic costs (in terms of GDP losses during the post-boom phase) depend significantly on the magnitude and duration of the boom and money and credit developments during that period; 4) a numb…

Selection bias and incentives to firms in development programs: an ex-post evaluation of an aid scheme for Sicily

2014

This paper focuses on the evaluation of an aid scheme included in a larger local development program framework implemented in Italy during the 2000-2006 cycle of EU Structural Funds. It follows a previous analysis (Cusimano & Mazzola, 2014) on the ex-post evaluation of the effectiveness of the resources allocated to aid schemes included in the Italian territorial integrated projects (TIPs) and aims at identifying the possible presence of selection bias in measuring the effectiveness of the policy. Previous results showed a partial effectiveness of the program, at least with reference to employment and sales. The objective of this work is to investigate the role of the selection process in i…

Selection bias ed incentivi alle imprese nei programmi per lo sviluppo locale: una valutazione ex-post di un programma di aiuti alle imprese per la S…

2014

Questo lavoro si concentra sulla valutazione di un programma di aiuti alle imprese facente parte di un più vasto programma per lo sviluppo locale realizzato in Italia durante il ciclo di programmazione comunitaria 2000-2006. In particolare, esso costituisce una valutazione ex-post dell’efficacia delle risorse destinate ai regimi di aiuto all’interno dei progetti integrati territoriali (PIT), e mira ad identificare l’eventuale presenza di distorsione da selezione (selection bias) nella quantificazione dell’efficacia della politica. L’obiettivo di questo lavoro è di esaminare il ruolo svolto dal processo di selezione nell’influenzare l’effetto positivo della politica di incentivi. L’analisi è…

Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics

2021

This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and lowered the employment-to-population ratio for those with basic education compared to those with higher education. We provide some evidence that the distributional consequences from the current pandemic may be larger than those flowing from the historical pandemics in our sample, and larger than those following typical recessions and financial crises.

La relazione tra imprenditorialità, innovazione e crescita economica: un confronto tra le macroregioni italiane

2016

The Relationship between Entrepreneurship, Innovation and Economic Growth: a Comparison between Italian Macro-Regions. This work is part of the scientific debate on the relationship between innovation and economic growth. In this paper the study of this quite complex and bidirectional relationship has been enhanced by a third factor that is entrepreneurship as a driving force for the development of local economies. Entrepreneurship can play a key role, especially for the regions of Southern Italy marked by significant delays in development than the regions of Central/North. The paper try to launch a reflection on the role of the University in the creation of entrepreneurship through two spe…