We analyze the role of the Scientific Revolution in the takeoff to sustained economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to rising incomes. Subsequently, rising incomes instigate a...

Italian Abstract: Una delle caratteristiche salienti dello sviluppo economico è la sua dimensione marcatamente urbana. Come in altri paesi avanzati, in Italia la gran parte dell'attività economica si concentra nelle città: nel 2001 i 73 Sistemi Locali del Lavoro (SLL) urbani producevano il 62...

This paper compares the return to pre-crisis levels and the long-term performance of exports in the main Italian regions compared with some European regions with a similar production structure. The results show that the intensity and timing of recovery in the cyclical component of exports were...

In a standard linear structural VAR framework we analyse the size and sign of fiscal multipliers in the euro area, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. From a policy perspective, the analysis of fiscal multipliers in “average times” provides...