In this article, we present a new methodology to develop bootstrap estimates of a social accounting matrix (SAM), by combining entropy minimization and Monte Carlo simulation techniques. An application is presented to the Italian economy, demonstrating how a set of policy measures can be...

The increasing evidence on climate change effects and loss of biodiversity highlights the need to integrate economic decision-making with environmental accounting. Using integrated economic modelling allows gathering evidence of the consequences of those economic choices that exploit natural...

This paper investigates empirically the role of real assets in credit rationing. When loans are collateralized, the amount borrowed is determined by the value of collateral. This happens because in a context of asymmetric information banks use real assets as a guarantee in the case of project's...

The paper is devoted to developing quantitative foresights on the three integrated scenarios presented in the previous chapter. In particular, a short summary of the methodological aspects of quantitative foresights is provided; and, especially, the empirical results obtained at regional and...

Affuso A., Capello R. and Fratesi U. Globalization and competitive strategies in European vulnerable regions, Regional Studies. This paper highlights the role played by structural economic features and industrial competitive strategies in the performance of a group of European regions, defined...

This paper investigates the effect of real assets as collateral on the economy. I construct a model that shows how credit rationing is mitigated by the existence of bad firms whether it is linked to the value of distressed assets. Indeed, when loans are collateralized and firms are credit...

Public support to firms has been a traditional and important industrial policy measure in many countries for several decades. One of the reasons for public intervention is the existence of market failures or imperfections. Informational asymmetries between borrowers and lenders of funds in...