Questo lavoro si propone di analizzare in un modello a due periodi l’effetto sull’investimento prodotto dall’incertezza aggregata – rappresentata nel modello dalla volatilità di uno shock tecnologico. La semplificazione del modello biperiodale permette di illustrare con semplicità la...

Italian Abstract: Il tema dell'innovazione è come collegare un investimento oggi ad un profitto futuro dovuto a costi o processi più efficienti e dunque meno costosi. La saggezza comune spera che maggiore l'investimento più vicina sia la data della scoperta. Il collegamento è qui modellato...

Typically, firms change their size through a row of discrete leaps over time. A very basic model allowing for discontinuous growth can be based on a couple of assumptions: (a) in the short run, the firm’s equipment and organization provide the maximum profit only for a given production level,...

Le cooperative di lavoro italiane tendenzialmente accumulano un’elevata quota dei profitti nelle riserve indivisibili, un fondo indisponibile e inappropriabile da parte dei soci. La ricerca indaga le ragioni di questa pratica, dopo aver discusso le interpretazioni più frequentemente...

Employment and, more generally, the theme of labor market are central issues in the debate on economic growth, but they are also relevant social issues. It is well known that Italy has been experiencing weak economic growth for over twenty years. This paper examines the employment and labor...

This is an analysis of the personality of prof. Epicarmo Corbino (1890-1984), centered on his cultural identity, his vision of economic policy, his way of interpreting the relationship between theory and history and his important activity of politician and statesman. The portrait that emerges is...

This paper discusses the hypothesis of secular stagnation. Firstly, the debate on stagnation, from Alvin Hansen (1938) to Marxists and more recent interpretations is illustrated. Then, the demographic and macroeconomic trends of Italy, Japan and the United States are examined in relationship...

Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1970s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...

The paper reconstructs the items of the regional accounts, disposable income and wealth of the household sector for the North-West, North-East, Centre, and South and Islands for the years 1970-1995. The analysis is significant for the length of the sample period, the number of time series...

We study the effects of the world economic crisis which began in 2007 on the Italian productive system. National accounts data are supplemented with information gathered in spring 2009 from the Bank of Italy�s survey on industrial and service firms, and from interviews with about 70 of...