The Impact of the Industrial Policies Adopted in the Seventeenth Italian Legislature (2013-2018)

2019 ◽  
Vol 10 (9) ◽  
pp. 795-810
Author(s):  
Riccardo Gallo ◽  
Keyword(s):  
Industrial Policy ◽  
Industrial Revolution ◽  
Capital Expenditure ◽  
Aggregate Demand ◽  
Capacity Utilization ◽  
Value Added ◽  
Utilization Rate ◽  
Small Scale ◽  
Italian Economy ◽  
The Impact

This paper offers an analysis of the main industrial policy measures adopted by the three Italian governments following each other on from 2013. The first focused its industrial policy on boosting the creation of innovative start-ups and fostering small-scale enterprises in order to acquire new equipment. The second of these governments stimulated public aggregate demand and passed the reform known as the Jobs Act (2014). The industry’s capacity utilization rate rose in 2016, as did the value added of the companies to their net revenues. In 2017, the third government initiated a project aimed at driving the Italian economy into the Fourth Industrial Revolution. Up to now there have indeed been positive signals from the viewpoint of capital expenditure on plants and equipment, but not yet from that of knowledge and training for new jobs.

scholarly journals A SAM-Based Analysis of the Economic Impact of Frauds in the Italian Wine Value Chain

2021 ◽  
Author(s):  
Donato Romano ◽  
Benedetto Rocchi ◽  
Ahmad Sadiddin ◽  
Gianluca Stefani ◽  
Raffaella Zucaro ◽  
...  
Keyword(s):  
Value Chain ◽  
Food System ◽  
Value Added ◽  
Activity Level ◽  
Wine Industry ◽  
Full Time ◽  
Italian Economy ◽  
Wine Production ◽  
Italian Wine ◽  
The Impact

AbstractThe objective of this paper is twofold: firstly, it analyzes the evolution of frauds in the Italian wine value chain over the period 2007–2015, and then, using a properly disaggregated social accounting matrix (SAM) of the Italian economy, it simulates the impact of wine frauds on the national economy in terms of growth, employment, value added and income. The wine industry is the sector most exposed to frauds within the Italian agro-food system accounting for 88% of total value of seized agro-food outputs. Most irregularities (95%) are made by only three agents, specifically individual wineries, bottlers-wholesalers and retailers. We estimated industry-specific SAM multipliers to assess the share of the Italian economy depending on irregular wine production. These activities account for 11.5% of specialized permanent crop farms output and over 25% of wine industry output. This is a sign of vulnerability of the wine industry: should a food scandal/scare determine a drop in consumers’ demand, the negative effect on production activities of these sectors may be large. The SAM was also used to perform an impact analysis adopting a counterfactual approach. Results show a slightly positive increase of value added (6 million euro) along with an overall decrease in the activity level (an output loss of 406 million euro and more than six thousand full time jobs lost). This contractionary effect can be explained with fraud rents. Indeed, the extra-profits from frauds do not activate the economy circular flow as most of them leak out to exogenous accounts such as the public administration and the rest of the world.

scholarly journals Macroeconomic policy regime in Poland

Equilibrium ◽  
2016 ◽  
Vol 11 (3) ◽  
pp. 411
Author(s):  
Milka Kazandziska Kazandziska
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Industrial Policy ◽  
Open Economy ◽  
Aggregate Demand ◽  
Financial System ◽  
Value Added ◽  
Macroeconomic Policy ◽  
Wage Policy ◽  
Foreign Economic Policy

The goal of this paper is to analyse the economic development of Poland using the concept of macroeconomic policy regimes (MPRs). Six elements of a MPR will be identified: foreign economic policy, industrial policy, the financial system, wage policy, monetary policy and fiscal policy. Examining the functionality of the development of these elements applied to Poland is a further aim of this paper. The functionality of the development of the MPR elements will be analysed on the basis of the fulfilment of the objectives, as well as the use of the proposed instruments and strategy assigned to every element of MPR. Due to space limits, we are going to focus on the former in this paper. Taking into consideration that Poland is an emerging and a relatively open economy, foreign economic policy and industrial policy play very significant roles in restructuring of the economy towards production and exports of high value-added products, which would enable the country to follow a growth path consistent with an external balance. The financial needs of the manufacturing sector and particularly of the producers and/or exporters of high-end products need to be satisfied by the financial system, whose stability needs to be secured with the help of monetary policy. The latter is, moreover, in charge of providing low-cost finance and maintaining the stability of the exchange rate. Stabilising the inflation rate would be given to wage policy. Fiscal policy’s main tasks would be to correct aggregate demand shocks and reduce income inequality.

Regulating Digital Transformation

2021 ◽  
pp. 161-183
Author(s):  
Belal Hafnawi
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Small Scale ◽  
The Core ◽  
Road Map ◽  
Regulatory Frameworks ◽  
The Impact

Digital transformation is the core value of the 4th industrial revolution or Industry 4.0. Although the efforts are focused on utilization and usage of technologies like artificial intelligence, internet of things, cloud computing, and many other technologies. We should focus in parallel on regulating the technologies to provide the proper road map and put the proper regulatory frameworks to remove uncertainties in development, investment, or implementation of technologies. Regulatory effectiveness is very important in saving time and rolling out technologies. In one initiative, regulatory technology (RegTech) will utilize the technology to enhance the regulatory process in financial sector; Regulation 4.0 is another; however, plenty of work is still ahead. Some regulators are keen to facilitate the emerging technologies and to see the consequences immediately, thus they use sandbox thinking in evaluating the impact at a small scale. In summary, this chapter will highlight the different practices and methodologies to regulate the digital transformation in the best way.

scholarly journals Networks as Drivers of National Innovative System Development in the Conditions of Globalization

2021 ◽  
Vol 92 ◽  
pp. 06019
Author(s):  
Alexander Kurochkin ◽  
Svetlana Morozova
Keyword(s):  
Industrial Revolution ◽  
Institutional Environment ◽  
Innovation Policy ◽  
System Development ◽  
Innovation System ◽  
Value Added ◽  
Innovative Development ◽  
Network Interaction ◽  
Building Information ◽  
The Impact

Research background: The modern social, political and economic challenges of the Fourth Industrial revolution and development of the Network Society actualized the problem of maximizing of effectiveness of innovative policy analysis as one of the key factors of economic and political competitiveness of national states, regions, cities and urban agglomerations in Global World. Purpose of the article: The study focuses on the impact of networking on the effectiveness of national innovative development in the context of globalization. In this vein, the main ways of network interaction are considered and the network model of innovation policy is analyzed. Methods: Modern innovation policy is a synthesis of scientific, economic, industrial, and partly regional policy of the state, aimed at the formation and maintenance of an adequate institutional environment for the process of creating, disseminating and introducing innovations. Thus the key feature of the research methodology is the combination of the New Institutional Approach and the Network Theory. Findings & Value added: The study provides a detailed analysis of international experience in the field of open innovation and innovative development based on network interaction. Moreover, the authors present the classification of countries that are leaders in the process of building information (communicative) and network infrastructure. Particular attention is paid to issues of network interaction at the global level and the case of Russian innovation system in this context.

scholarly journals Some Approach in Assessing Information Technology Policies in Our Mining Industry under the Impact of the Industrial Revolution 4.0 (Case study: Vietnam National Coal and Mineral Industries Group – Vinacomin)

2021 ◽  
Vol 37 (1) ◽  
Author(s):  
Tran Thi Hai Van ◽  
Doan Minh Quan
Keyword(s):  
Information Technology ◽  
Industrial Revolution ◽  
Publishing House ◽  
Mining Industry ◽  
Harvard Business Review ◽  
Industrie 4.0 ◽  
Small Scale ◽  
Final Report ◽  
Fourth Industrial Revolution ◽  
The Impact

Since 1997, the mining industry has paid attention to develop information-technology (IT) components at sectoral and enterprise levels. However, due to various reasons, including the interest of business and sector leaders as well as limited resources, IT in the mining industry is still on a small scale, in which it has not yet linked to a network and had a shared database, and is therefore not shared. Under the impact of Industry Revolution 4.0, to develop the IT field as an essential tool to promote the technologies of the 4.0 technology component, a systematic policy combination is needed. This article is responsible for meeting that demand of the IT field of Vietnam's mining industry. Keywords Industry 4.0, IT, IT policy. References [1] K. Schwab, The Fourth Industrial Revolution: What It Means and How to Respond, https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/, 2015.[2] Forschungsunion, Acatech, Recommendations for implementing the strategic initiative INDUSTRIE 4.0, Final report of the Industrie 4.0 Working Group, April 2013.[3] J.H. Leavitt, L.T. Whisler, Management in the 1980’s, Harvard Business Review, 1958-11.[4] National Assembly of Vietnam, Law on information technology (No. 67/2006/QH11), June 29, 2006 (in Vietnamese).[5] National Association directing the compilation of encyclopedias (Vietnam), Vietnamese encyclopedia, Hanoi, Vietnam, 1995 (in Vietnamese),[6] Wikipedia, Thomas Kuhn, https://vi.wikipedia.org/wiki/Thomas_Kuhn, 2019.[7] V.C. Dam, Scientific research methodology Science and Technics Publishing House, Hanoi, Vietnam, 1999 (in Vietnamese).    

scholarly journals Environmental regulations, capacity utilization, and high-quality development of manufacturing: an analysis based on Chinese provincial panel data

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Hongyang Wang ◽  
Baizhou Li
Keyword(s):  
Environmental Regulation ◽  
Manufacturing Industry ◽  
Negative Impact ◽  
Environmental Regulations ◽  
Rapid Development ◽  
Capacity Utilization ◽  
Utilization Rate ◽  
Quality Development ◽  
High Quality ◽  
The Impact

AbstractThe high-quality development of the manufacturing industry is an important strategic task for Chinese economic development. The rapid development of the manufacturing industry is also accompanied by problems such as overcapacity and environmental pollution. This paper analyzes the impact of capacity utilization on the high-quality development of manufacturing and establishes a nonlinear threshold regression model on this basis, and studies and analyzes environmental regulations as a threshold variable under the influence of capacity utilization rate on the high-quality development of the manufacturing industry. The research results show that: capacity utilization, profitability, foreign direct investment, and government participation all have a significant positive impact on the high-quality development of the manufacturing industry; environmental regulations have a significant negative impact on the high-quality development of the manufacturing industry. And in the model of the effect of capacity utilization on the high-quality development of the manufacturing industry, environmental regulation has a single threshold effect. With the increase in the intensity of environmental regulation, the coefficient and significance of the effect of capacity utilization on the high-quality development of the manufacturing industry have changed. Finally, this article puts forward corresponding policies and suggestions based on the results of data analysis.

Pattern of Industrial Growth in West Bengal during 1980–1991

2017 ◽  
Vol 12 (1) ◽  
pp. 65-88
Author(s):  
Anirban Karak
Keyword(s):  
Consumer Goods ◽  
Industrial Development ◽  
West Bengal ◽  
Value Added ◽  
Small Scale ◽  
Land Reforms ◽  
Poor Growth ◽  
Agricultural Growth ◽  
Structural Demand ◽  
The Impact

Three trends in industrial development contribute to the industrial history of West Bengal during the 1980–1991 period—the continuation of a secular decline in terms of employment and value added in manufacturing industries vis-à-vis other states, an ancillarization and flexibilization of production into small-scale factories with less than 20 workers, and a differential impact of this ancillarization on basic goods and consumer goods industries, with the former performing much better than the latter. Viewed through the theoretical lens of structural demand and agriculture–industry relations, the relatively slower growth of consumer goods industries poses a puzzle when the spectacular growth of agricultural output during the 1980s is considered. In this article, I suggest that tying together three factors—the impact of the ‘Green Revolution’ on West Bengal’s agriculture, the nature and effect of the Left Front’s land reforms, and the role of rural commercial capital—can in turn hold together three outcomes for the period 1980–1991 in a single explanation—high agricultural growth, mass poverty among the rural poor despite land reforms and agricultural growth, and the poor growth of consumer goods industries despite high agricultural growth.

scholarly journals The New Luddite Scare: The Impact of Artificial Intelligence on Labor, Capital and Business Competition between US and China

2019 ◽  
Vol 11 (2) ◽  
pp. 5-20
Author(s):  
Miron Wolnicki ◽  
Ryszard Piasecki
Keyword(s):  
Artificial Intelligence ◽  
World Literature ◽  
Industrial Revolution ◽  
Value Added ◽  
Human Relations ◽  
Negative Effects ◽  
Human Environment ◽  
The People ◽  
The Usa ◽  
The Impact

Abstract Objective: The main aim of the article is to send a message to the general public that Artificial Intelligence (AI) is no different than any inventions disruptive for the mode of production discovered before. In the past, Luddites looked with fear at steam-powered industry and mechanized looms; today we look at Artificial Intelligence (AI) with equal anxiety and fear of the unknown. Methodology: We analyze the world literature on this subject and compare the main economic actors: the USA and China. We also use some historic analogies like discoveries of Thomas Edison and Nicola Tesla. Findings: AI is a ground-breaking technology which will fundamentally change human relations to the outside world. It will disrupt all known paradigms or production, medicine, shopping and, generally, the exploration of human environment, blurring the barrier between virtual and real. Value Added: The luddite-type fears are unfounded. AI will enhance the concentration power, polarize societies between winners and losers, capital and labor and enhance the gaps which were on rise with the industrial revolution. We are at the outset of another revolution which will give humans a better command of nature. The negative effects of the revolution should be addressed and resolved in the future. Recommendations: AI was created by people and can be ultimately governed by the people who set it in motion. Perhaps AI will provide answers how to control ourselves from a runaway deep or general AI. But this is a subject of another paper.

COVID-19 and a trade-off between health and economics: an extended inoperability model for Italy

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Claudio Socci ◽  
Irfan Ahmed ◽  
Mohammed Hussein Alfify ◽  
Stefano Deriu ◽  
Clio Ciaschini ◽  
...  
Keyword(s):  
Large Scale ◽  
Value Added ◽  
Retail Trade ◽  
Past Century ◽  
Italian Economy ◽  
Trade Off ◽  
Content Type ◽  
Health Measures ◽  
The Social ◽  
The Impact

PurposeThe recent COVID-19 has obliged governments to enact large-scale policies to contain it. A topic of economic debate is the quantification of the impact that these policies can create in the economy, with the aim of activating regulatory mechanisms to minimize this impact. In this vein, this study aims to propose a quantification of the effects of the Italian government policy that blocks nonessential production activities.Design/methodology/approachThe authors use a multisectoral extended inoperability model on the social accounting matrix of Italy. The analysis identifies the pandemic’s impact on outputs, endogenous demands, value-added and disposable incomes of institutional sectors.FindingsThe construction and real estate sectors revealed a significant contraction followed by the retail trade and hotel and catering services sectors. The output contraction further impacts the value-added generation, disposable income and final demand components.Originality/valueThe current pandemic is alleged to have a greater impact than the epidemics of the past century, considering the present dimension of the world economy and the increasing interconnections between industries and institutions. In this scenario, it is challenging to safeguard not only human health and life but also the economy. Hence, there is a need to establish a trade-off between health and economics; and in this regard, the current study empirically quantifies the impact of health measures on the economy. The findings of this study help identify the sectors that are more prone to disaster effects and also present the structure of income circular flow in the Italian economy.

scholarly journals Economic and Social Impacts of COVID 19 on National Economies from the Point of View of Economic Theory

2021 ◽  
Vol 92 ◽  
pp. 01036
Author(s):  
Miloš Nový ◽  
Čestmír Jarý
Keyword(s):  
Supply And Demand ◽  
Aggregate Demand ◽  
Value Added ◽  
Social Impacts ◽  
Demand Side ◽  
Aggregate Supply ◽  
National Economies ◽  
The Impact ◽  
Economic And Social Impacts

Research background: The world economy is currently affected by the devastating effects of the global COVID 19 pandemic, reaching the Great Depression of the 1930s. The economic policies of the affected countries are currently focused on short-term measures on the aggregate demand side. To this end, the growth of the public finance deficit is being prepared in the area of fiscal policy, which will ultimately deepen the indebtedness of national economies. If this economic policy is to be sustainable in the long term, measures on the aggregate demand side must be accompanied by measures on the aggregate supply side. Purpose of the article: The purpose of this article is to determine how the current globalization processes affecting the supply and demand sides of selected national economies will be affected in the short and long term as a result of the global COVID 19 pandemic. Methods: A description of the AS - AD model will be performed, covering both short and long periods, and then a description of the impact of globalization processes on aggregate supply and aggregate demand. This will be followed by an analysis of the expected economic and social impacts of COVID 19 on individual globalization processes affecting the supply and demand sides of selected national economies and economic units. Findings & Value added: The article will help to find a systemic approach to the recovery of national economies affected by the effects of the global pandemic COVID 19 through the prism of the AS - AD model.

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