The Europe 2020 Strategy has been built on three pillars: smart, sustainable and inclusive growth. The aim of the paper is to provide, thanks to Dynamic Panel data models, an econometric analysis of the potential cumulative circle among the abovementioned three pillars, with a specific focus on...

This paper analyzes some aggregation aspects of the procedure for constructing a composite index on a multidimensional socio-economic phenomenon such as development, the main focus being on the unbalance among individual dimensions. First a theoretical framework is set up for the unbalance...

<em>Harrodian Instability and Endogenous Growth</em> (by Giulio Guarini) - ABSTRACT: Theory In this article, I study the harrodian instability in the growth processes with mainstream production functions, analyzing three important approaches: Lucas (1988), Rome (1990), Grossman-Helpman (1991). After...

The proposal of this paper is to analyze the break-even point of technological implementation from a firm, in theoretical and empirical terms. First, I have defined the Technological break-even point by building an analytical framework. The analysis points out that technological implementation...

The purpose of the paper is to apply a definition of ‘progress’ of the Italian regions based on the relationship between economic development and civil development, according to the lesson of Classical authors. Firstly, we analyze the interaction between economic development and civil...

The authors in this book regard the process of economic expansion as a non-homogeneous and multifaceted phenomenon which has deeply affected human welfare, and cultural, social and political change. The book is a bridge between the theorists (Rosenstein-Rodan, Lewis, Myrdal, and Hirschmann) who...

In this paper I consider the 1991 Grossman-Helpman model which analyses the role of innovation on growth. The model assumes constant returns to scale. I intend to show what happen in this model if I assume strong increasing returns. In particular, under the assumption of increasing returns of...

According to Paolo Sylos Labini (1920-2005), it is vital for an economist to be acutely conscious of the responsibility to study society for the sake of promoting progress—the economic, social and civil progress of society—and not for personal interest. In his last book, Ahi serva Italia...

Comparing the Korean labour productivity growth in the last two decades with the Japanese and US labour productivity growth, data confirm a process of catching up in several important manufacturing sectors. The paper investigates its determinants using a non-neoclassical model. Investments in...