INNOVATION AND INDUSTRIAL PERFORMANCES:MICROECONOMIC EVIDENCE, SECTORAL PATTERNS AND AGGREGATE DYNAMICS
Ministero dell'Università e della Ricerca Scientifica e Tecnologica
The purpose of the research is to analyse, at different levels of aggregation, the statistical properties of some core economic variables (including output, employment and productivity) and reconstruct their determinants in terms both of possible sectoral specifities and - at a higher level of disaggregation - of microdynamics specific to individual economic agents (typically, firms).
First, at a sheer microeconomic level, we intend to study the properties of firm dynamics - especially in terms of growth, productivity, profitability and employment - and their determinants - especially with reference to firm - specific technological capabilities.
Second, at the same level of disaggregation, the research is meant to analyse the effects of systemic (i.e. macroeconomic and institutional) shocks, such as the European Single markets upon firms - and sectoral performances.
Third, in parallel, we intend to identify possible sectoral specificities
a) cross-sectionally, in industrial structures, and
b) longitudinally, in industrial dynamics.
Fourth, also on the ground of foregoing analyses, the research is meant to contribute to a better understanding of the observed aggregate dynamics, in particular with respect to their 'decomposition' in terms of economy-wide, sectoral and 'idiosyncratic' (i.e. firm-specific) shocks.
The objectives of the research include
a) the analysis - both at a theoretical level and with reference to a wide sample of Italian firms - of the processes of learning, competition and selection amongst agents typically heterogeneous in their technological and organisational features;
b) linking such type of investigation - usually pertaining to the field of applied industrial economics - with the reconstruction of the properties of aggregate time-series - usually a domain of applied macroeconomics -; and
c) develop empirically testable models of aggregation allowing to account for variety of impulses and mechanism of propagation underlying the dynamics of aggregate variables.
First, at a sheer microeconomic level, we intend to study the properties of firm dynamics - especially in terms of growth, productivity, profitability and employment - and their determinants - especially with reference to firm - specific technological capabilities.
Second, at the same level of disaggregation, the research is meant to analyse the effects of systemic (i.e. macroeconomic and institutional) shocks, such as the European Single markets upon firms - and sectoral performances.
Third, in parallel, we intend to identify possible sectoral specificities
a) cross-sectionally, in industrial structures, and
b) longitudinally, in industrial dynamics.
Fourth, also on the ground of foregoing analyses, the research is meant to contribute to a better understanding of the observed aggregate dynamics, in particular with respect to their 'decomposition' in terms of economy-wide, sectoral and 'idiosyncratic' (i.e. firm-specific) shocks.
The objectives of the research include
a) the analysis - both at a theoretical level and with reference to a wide sample of Italian firms - of the processes of learning, competition and selection amongst agents typically heterogeneous in their technological and organisational features;
b) linking such type of investigation - usually pertaining to the field of applied industrial economics - with the reconstruction of the properties of aggregate time-series - usually a domain of applied macroeconomics -; and
c) develop empirically testable models of aggregation allowing to account for variety of impulses and mechanism of propagation underlying the dynamics of aggregate variables.
Giovanni Dosi - Sant'Anna School of Advanced Studies, Pisa, Italy
Università degli Studi di Roma "La Sapienza"- Dipartimento di Scienze Economiche, Roma, Italy
Final phase
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