This paper comments an important book by Maurice FG. Scott, «A New View of Economic Growth». The main contribution of the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical theories of growth are based on an error in...

Following the growing interest towards the role of the knowledge in the modern economies the economic literature has focused a lot of studies into the role of the producers of new knowledge, e.g. universities and public research institutions. The relations between these bodies and the firms, the...

In this paper we discuss procedural and contractual aspects of Public Private Partnerships (PPP) in Italy, in the light of the economic theory of contracts and of incentives. We emphasize the potential role for PPPs for infrastructure development in Italy and the inefficiencies that arise in...

This paper analyzes the potential and the limits of project finance for the provision of local public services and compares them with alternative instruments in the light of current regulation. The main requirements for project finance, even in non “pure” forms, to justify its complex...

Italian Abstract: La qualità dell’approvvigionamento energetico costituisce un importante fattore di competitività per le imprese e di benessere per le famiglie. Analizzando i divari sul territorio italiano nella continuità della fornitura elettrica, il lavoro mostra come, in media per...

Italian Abstract: Il lavoro fornisce un contributo di ordine metodologico alla misura dell’adeguatezza delle infrastrutture presenti in una data area. Rispetto ad altre analisi basate su indicatori fisici o di spesa pubblica – che offrono una visione unidimensionale, talvolta fuorviante,...

This paper deals with the evolution of automobile sector during the 1990s in Central and Eastern Europe (CEE) Countries from a double point of view. At first, we wonder about the applicability to the sector of Flying Geese (FG) model, theorised by Kaname Akmatsu in the 1930s to explain...

The paper develops a small open economy growth model with endogenous innovations, in the presence of environmental externalities. Building on the Grossman ad Helpman (1991) analytical framework of endogenous growth in open economies, pollution is introduced into the analysis in the form of a...

The economic collapse of 2007-10 is described as a debt deflation crisis triggered by a speculative bubble. The basic causes are traced back to the policy choices of the great capitalist powers governing globalization. Market liberalization and the TRIPS agreements work as a sort of global...

A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...