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France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …
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countries and by focusing on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10014396127
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10014394382
Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the literature has focused more on issues of causality. This paper gently introduces some...
Persistent link: https://www.econbiz.de/10012154563
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...
Persistent link: https://www.econbiz.de/10014403417
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … offers a more comprehensive assessment of Italian competitiveness, focusing on the role of innovation and the evolution of … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small …
Persistent link: https://www.econbiz.de/10014411220
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and … and innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with …, while economists are naturally in favor of market size as a driving force for innovation (i.e.'if the market size is …
Persistent link: https://www.econbiz.de/10012518690