Search results for "Economica"
showing 10 items of 487 documents
Le questioni della sostenibilità economica
2016
La mancanza di un approccio economico di tipo sistemico, condiviso e partecipativo ha prodotto nell’economia di vaste aree del Mezzogiorno d’Italia una frammentazione di competenze, una scarsa flessibilità e un’insostenibilità dello sviluppo spontaneo, incontrollato e senza identità. Ancor di più questa condizione – accompagnata dagli egoismi e dai personalismi dei soggetti imprenditoriali, ma troppo spesso anche da quelli istituzionali – ha pesato sullo sviluppo delle aree a forte vocazione turistica. L’orientamento strategico dello sviluppo richiede alle comunità residenti, e più in generale a tutti gli stakeholder del territorio (imprese, commercio, imprese sociali, Pubblica Amministrazi…
Measuring agglomeration by spatial effects: a proposal
2015
In this paper we examine the influence of spatial dependence on the estimation of the effect of standard measures of agglomeration on local growth. The hypothesis is that the forces of agglomeration do not use up their effects inside a single local area but extend to wider geographic areas, particularly on the adjacent territories. To account for these spatial effects, we propose a modification of the traditional agglomeration index, suggested by Maurel and Sedillot (1999), including both agglomeration of economic activity within an area and neighbour effects, that is, the effect of agglomeration that comes from neighbouring areas. In the empirical exercise we compute the a-spatial and the …
Booms, Busts and normal times in the housing market
2015
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, and normal times. Using data for 20 industrial countries and a continuous-time Weibull duration model, we find evidence of positive duration dependence suggesting that housing market cycles have become longer over the last decades. Then, we extend the baseline Weibull model and allow for the presence of a change-point in the duration dependence parameter.We show that positive duration dependence is present in booms and busts that last less than 26 quarters, but that does not seem to be the case for longer phases of the housing market cycle. For normal times, no evidence of change-points is fo…
A spatial analysis of new business formation: Replicative vs innovative behaviour
2017
Abstract Using spatial econometric tools, the paper examines the spatial structure of new business formation of Italian regions during the period 2004–2007. In particular, the study empirically investigates whether new business formation in a given geographical area may be explained in terms of replicative and/or innovative entrepreneurial behaviour in each area as well as in the neighbouring areas. Additionally, the analysis focuses on the influence of urbanization on the birth of new firms. From the estimation of a Spatial Durbin Model, we find a significant degree of spatial dependence among Italian regions not only in new business formation but also in some of its determinants. We also …
Can fiscal policy stimulus boost economic recovery
2011
We assess the role played by fiscal policy in explaining the dynamics of asset markets. Using a panel of ten industrialized countries, we show that a positive fiscal shock has a negative impact in both stock and housing prices. However, while stock prices immediately adjust to the shock and the effect of fiscal policy is temporary, housing prices gradually and persistently fall. Consequently, the attempts of fiscal policy to mitigate stock price developments (e.g. via taxes on capital gains) may severely de-stabilize housing markets. The empirical findings also point to significant fiscal multiplier effects in the context of severe housing busts, which gives rise to the importance of the im…
Storia del Banco di Sicilia: l'istituto di credito di diritto pubblico, 1926-1991
2017
La monografia ricostruisce la storia del Banco di Sicilia, Istituto di credito di diritto pubblico dal 1926 al 1991. Utilizzando fonti in larga parte inedite il volume esamina strategie, attività operativa e vicende istituzionali di una banca che trasformò radicalmente il proprio modello di attività nel 1926, impiantando quasi da zero i servizi di credito commerciale, ampliando la sua presenza in Italia e all'estero, estendendo la sua operatività nel credito speciale a lungo termine.
Storia del Banco di Sicilia
2017
La monografia ricostruisce la storia del Banco di Sicilia, Istituto di credito di diritto pubblico dal 1926 al 1991. Utilizzando fonti in larga parte inedite il volume esamina strategie, attività operativa e vicende istituzionali di una banca che trasformò radicalmente il proprio modello di attività nel 1926, impiantando quasi da zero i servizi di credito commerciale, ampliando la sua presenza in Italia e all'estero, estendendo la sua operatività nel credito speciale a lungo termine.
Il mercato del lavoro degli stranieri in Italia
2010
In-Between ‘Smart’ Urban Growth and ‘Sluggish’ Rural Development? Reframing Population Dynamics in Greece, 1940–2019
2020
Multifaceted demographic dynamics have shaped population growth in Mediterranean Europe, reflecting a metropolitan cycle from urbanization to re-urbanization. To assess the distinctive impact of economic downturns on population dynamics, the present study illustrates the results of an exploratory analysis that assesses urban expansion and rural decline at various temporal scales in Greece, a peripheral country in southeastern Europe. Statistical analysis based on multivariate exploratory techniques outlined the persistent increase of regional populations, evidencing the distinctive role of agglomeration/scale with urbanization and early suburbanization phases (1940&ndash
Composite Indicator of Social Inclusion for European Countries
2013
Social inclusion is one of the key challenges of the European Union (EU) Sustainable Development Strategy. We use four indicators from EU policies to measure social inclusion for the 27 member countries of Europe. In particular, we aggregate the four indicators in a multiplicative composite indicator via a DEA-BoD approach with weights determined endogenously with proportion constraints. We obtain a score of social inclu- sion that allows us to grade the 27 EU countries from 2006 to 2010. In this way, we highlight the specific role played by the four indicators in determining improvements and deteriorations of social inclusion during the European phase of the financial and economic crisis.