We study the impact of alternative innovation policies on the short-and long-run performance of the economy, as well as on public finances, extending the Schumpeter meeting Keynes agentbased model (Dosi et al., 2010). In particular, we consider market-based innovation policies such as R&D subsidies to firms, tax discount on investment, and direct policies akin to […]
Author Archive | Giovanni Dosi, Francesco Lamperti, Mariana Mazzucato, Mauro Napoletano and Andrea Roventini
An agent-based model of trickle-up growth and income inequality
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative projects associated with different productivity growth rates. Access to investment projects also depends on credit availability. The income of each […]
On the economic and health impact of the COVID-19 shock on Italian regions: A value chain approach
In this work, we evaluate the exposure of Italian regions to the risk associated with the spread of COVID-19 through a two-step value chain approach. First, we estimate the degree of participation of Italian regions in a plurality of value chains linked to consumption, investment and exports. We distinguish between value chains aimed at satisfying […]
Assessing the Economic Impact of Lockdowns in Italy: A Computational Input-Output Approach
We build a novel computational input-output model to estimate the economic impact of lockdowns in Italy. The key advantage of our framework is to integrate the regional and sectoral dimensions of economic production in a very parsimonious numerical simulation framework. Lockdowns are treated as shocks to available labor supply and they are calibrated on regional […]
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- Scuola Superiore Sant'Anna (SSSA)
- Bundesanstalt Statistik Oesterreich (STATA)
- Centraal Bureau Voor de Statistiek (CBS)
- Istituto Nazionale di Statistica (ISTAT)
- Katholieke Universiteit Leuven (KU LEUVEN)
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- University College London (UCL)
- Univerza V Ljubljani (UL)
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- Osterreichisches Institut fur Wirtschaftsforschung Verein (WIFO)
- Zentrum fuer Europaeische Wirtschaftsforschung Gmbh (ZEW)
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Mission Oriented Innovation Network
Civil Society Organisations