This paper presents an experimental analysis of people’s behavior in situations involving both
positive and negative reciprocity. The experiment implements sequences of two types of extensive
form games called Punishment games and Trust games. The contemporaneous use of these two
types of games allows us to define an ideal framework for understanding the basic elements of reciprocal
behavior. Results show that the level of trust and punishment are consistent with the view
that emotions are involved.
The aim of this work is the identification and the description of groups of regions belonging to
eight European countries in order to evaluate the role of productive specialization in determining
regional income growth. The novelty of the study is the application of a new methodology, the
Classification and Regression Tree Analysis. The results show that initial specialization in manufacturing
(machinery and metal products) and services (credit and transport) is crucial for local
growth and suggest the existence of multiple clubs of regions, each characterized by a specific specialization
model and growth trend.
Countries agreeing to Euro-Mediterranean Partnership show different levels of development,
so that they are far from converging in per capita GDP growth rates. As shown by literature, an important
role in growth can be played by foreign direct investment (FDI). Beta and Sigma approaches
to convergence are applied to prove the absence of gaps reduction in the area, and the importance
of FDI in a context where less developed countries do not attract FDI as much as other developing
countries. Persistency matrix and fuzzy clustering methods are then applied to verify the
composition and stability in time of “convergence clubs”.
The aim of this paper is to offer an updated survey of theoretical models and empirical studies
analysing the impact of technology transfer in developing countries. The transfer of technology
from developed to developing countries depends on trade liberalization and internationalization of
production through various channels. A critical discussion will be presented comparing the positive
implications of technology transfers (positive spillovers, technological catching-up, growing complementarities
with domestic firms) with negative implications (displacement of workers, negative
welfare implications, competitive effects with domestic firms). Moreover the nature of transferred
technologies together with the different institutional ‘absorptive capacities’ and sectoral specializations
will be considered.
The EU Common Agricultural Policy has historically been articulated into public budget payments
and price support measures. From the distributive viewpoint, while the former are financed
through the usual fiscal policy mechanisms (largely progressive), the financing structure of market
price support (burdened on the consumers of food products) envisages a possible income regressive
effect (via Engel’s law). The objective of the paper is to investigate the existence and the
size of this effect. To achieve this aim we combine data and information from different sources
(Bank of Italy, ISTAT, OECD, ISMEA). Our results support the existence of the regressive effect.
Il nostro magazzino sarà chiuso dal 4 al 25 agosto. Prima della chiusura sarà possibile spedire i volumi ordinati entro la mattina del 30 luglio. Le spedizioni di libri riprenderanno regolarmente a fine agosto. Come sempre, per tutto il periodo estivo, è possibile acquistare con carta di credito e leggere immediatamente ebook, articoli e riviste in abbonamento.
Buona estate dal team VP.