Search results for " politica economica"
showing 10 items of 154 documents
Inflation scares and bond market signals: is the Fed's policy action asymmetric?
2007
What determines the duration of a fiscal consolidation program?
2013
This paper assesses the determinants of the length of fiscal consolidation using annual data for 17 industrial countries over the period 1978-2009. Relying on a narrative approach to identify fiscal consolidation episodes, we show that fiscal variables (such as the budget deficit and the level of public debt) and economic factors (such as the degree of openness, the inflation rate, the interest rate and per capita GDP) are crucial for the fiscal consolidation process. Additionally, we employ duration analysis over a set of consolidation spells and find that, as time goes by, the likelihood of a fiscal consolidation ending is higher. However, the hazard function is not monotonic: indeed, it …
SPILLOVER SPAZIALI ED EFFETTI DI SPIAZZAMENTO DELLA POLITICA DI COESIONE: UN’ANALISI SUI PROGETTI NELLE PROVINCE ITALIANE
2022
Una delle possibili cause di inefficacia di una politica pubblica è la totale ricaduta dei suoi effetti fuori delle aree territoriali di intervento. Il presente lavoro tratta questo tema analizzando il legame tra spillover spaziali ed effetti di spiazzamento nell'attuazione della Politica di Coesione europea. Valutiamo l’impatto degli interventi sulla crescita del PIL pro-capite, con una strategia econometrica che incorpora gli effetti spaziali. L'analisi è condotta sulle province italiane (NUTS-III) durante gli ultimi due periodi di programmazione (2007-2013 e 2014-2020), considerando anche la Politica di Coesione nazionale. Utilizziamo la versione panel del modello Spatial Durbin, con l'a…
Keeping Public Debt Sustainable in an Equitable Way
2022
The COVID-19 pandemic has claimed over 5 million lives thus far. This grim figure would have been higher still without the strong and timely fiscal support provided by governments around the globe, including support for health sector and the development and deployment of vaccines. The IMF has noted that “in 2020, fiscal policy proved its worth. The increasing public debt in 2020 was fully justified by the need to respond to COVID 19 and its economic, social, and financial consequences” (Gaspar, 2021). How to keep debt sustainable is becoming a policy imperative, made all the more challenging by the lingering effects of the pandemic, particularly on low-income groups. In this article we summ…
Gli squilibri territoriali e la distribuzione territoriale degli investimenti pubblici
2020
The well-known connection between investment, growth and development requires that a political strategy that aims to overcome ter- ritorial gaps must be based on a redistribution of public resources for investments that favor the least favored regions in an adequately effective and compensatory manner. The aim of this work is to evaluate the consequentiality of political choices in Italy over the twenty years with respect to the objective of territorial rebalancing. After introducing the topic and recalling the hypotheses of territorial convergence / divergence (sections 1 and 2), this article presents the recent empirical evidence on the territorial distribution of public expenditure in It…
The determinants of public deficit volatility
2009
This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically associated with higher levels of political instability and less democracy. In addition, public deficit volatility tends to be magnified for small countries, in the outcome of hyper-inflation episodes and for countries with a high degree of openness.
The Last Ten Years of Regional Science: Advances in Theory and in Policy Evaluation
2020
Some months ago, the Scientific Board of AISRe and the Editor of this Journal asked us, also in our capacities as immediate Past Presidents of the Association, to edit a new celebratory special issue with a specific focus on the past ten years. We asked prominent Italian scholars in the field to review the most significant studies produced mostly in the past decade (including their own) and to address new topics that had not been covered by the previous celebratory issue or that had registered important advances since then.
The Regional Effects of Public Spending on Active Labor Market Policies: Evidence from Advanced Economies
2022
This paper examines the regional effects of public spending on Active Labor Market polices (ALMPs). Using an unbalanced sample of 308 regions belonging to 29 OECD Economies for the period 1995-2011, we show that discretionary increases in public spending on active labor market policies at the national level have statistically significant short- and medium-term effect in reducing regional unemployment rate, while raising regional output. These effects tend to be larger during periods of low GDP growth, and when complemented by a larger share of cohesion fund expenditures.
Religione, Fiducia e Comportamenti economici: elementi di sintesi
2010
Nell'ambito del progetto Prin 2007, Religioni, democrazia economica e cooperazione nello spazio euro mediterraneo. Partenariato e buone prassi, l’attenzione del contributo è rivolto ad analizzare i legami tra scienza economica e religione. Si osserva come un elemento spesso dimenticato è la fiducia anche per il rinforzo sulle motivazioni intrinseche e materiali del comportamento dell’individuo e nel contesto sociale in cui opera. Le religioni hanno elementi comuni e spiegano diverse problematiche economiche prima fra tutte le relazioni di natura creditizia che –come prima indicato-hanno nella natura fiduciaria un elemento di stabilità come anche le attuali crisi finanziarie hanno dimostrato…
Reti, Nuovi Settori e Sostenibilità
2014
Negli ultimi anni, anche a seguito del perdurare della crisi economica, gli studiosi delle diverse discipline, ivi compresi gli scienziati regionali, si sono interrogati su come riconnettersi a un sentiero virtuoso di crescita economica e sociale ai diversi livelli territoriali. Non vi è dubbio che la crisi abbia stimolato, in molti ambiti, la scoperta di nuovi paradigmi o la rivalutazione di schemi concettuali che stentavano ad affermarsi. Partendo da tale premessa, l’oggetto di questo volume è proprio quello di riflettere su come alcuni di questi nuovi paradigmi (in tema di reti, nuovi settori, sostenibilità) abbiano orientato l’indagine empirica territoriale e di raccogliere ed evidenzia…