This work explores the interaction of the inequality in the aggregate consumption function for the Italian economy. Measures of inequality are derived by exploiting the rich information in the EU-SILC survey available from 2003 up to 2018 matched with the World Inequality Database (WID) to span a larger sample. According to these measures, Italian income […]
In this paper we assess the contribution of investment in innovation to GDP growth in a macroeconometric model for the Italian economy. The analysis adopts the model for medium term forecasts (MeMo-It) developed by the Italian Statistical Institute (Istat), where investment is modeled by asset and institutional sector. Adopting this framework, we provide empirical evidence […]
Prompted by the work of the Stiglitz’s Commission, the growing attention to the beyond-GDP measures has led to the inclusion of well-being indicators in the policy agenda. This innovation asks for an improvement of the existing methodology to produce composite indices, in order to correctly address spatial and temporal comparisons as well as tackling for […]
The work of the Stiglitz’s Commission (2009) has renewed the attention on well-being as a multidimensional phenomenon and on beyond-GDP measures, fostering the gradual inclusion of well-being indicators in the policy agenda. This debate calls for a new phase in the measurement of well-being. The exploitation of new data sources, hence new and more punctual […]
