It is widely held that the social-economic context of the United States, characterised by labour market flexibility and deregulation of product and capital markets, lies at the basis of the innovative capacity displayed by the country’s productive system in the ‘90s, thus accounting...

This paper analyses rural change in industrialised countries according to a long term economic perspective. From a structural point of view, the key feature of the current rural transformation is productive differentiation, that is the change in sectoral composition of the economy in rural areas...

The aim of the paper is to perform two measurement exercises in the field of the horizontal equity in the delivery of health services. The first tries to show that, taking account of 'optional' benefits received by those not currently ill, there is a shift to a more pro-rich distribution of...

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

This paper resumes a source of instability of intertemporal equilibrium which was anticipated by Garegnani (2003) and criticized by Schefold (2004). The author points out that a non orthodox tâtonnement pricing must be accepted if the theory has to be consistent with the Jevons’s law of...

A common interpretation of the vicissitudes of the EMS holds that the credibility of EMS parities remained very high at least up to the Danish referendum of June 1992. In contrast, we argue that capital inflows into higher-inflation countries and falling interest differentials can coexist with...

The entrance of Italy in the Euro area in 2001 has given rise to a wide debate about the perception of inflation on households’ well-being. However, most of the debate has involved the measurement of the “correct†consumer price index at national level. Much less analysis has...

This paper aims at extending the analysis of the efficiency of equilibria in an OLG framework with asymmetric information. I study the stationary states of an economy where consumers, firms and financial intermediaries are at work. The economy is affected by ex post moral hazard due to costly...

In this paper we study the economic implications of IPR protection on corporate intelligence, R&D investment and economic growth. To accomplish this objective, we present a dynamic, scale-invariant Schumpeterian model of growth with information gathering and analyze the steady-state e¤ects of...

This work presents five structural co-integrating VAR models used to describe the economies of France, Germany, Italy, the Netherlands and Spain in the years 1983-1998 and to analyse their economic policies. Shortrun dynamics move around the long-run structure, represented by money, goods and...