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Rotta Next Generation: tra narrazioni ed evidenza empirica, le sfide del possibile orizzonte della politica economica italiana (Next Generation EU: challenges for the possible horizon of Italian economic policy between narratives and empirical evidence)

Author

Listed:
  • Anna Maria Variato

    (Universitˆ degli Studi di Bergamo)

  • Paolo Maranzano

    (Universitˆ degli Studi di Milano-Bicocca)

  • Roberto Romano

    (CGIL Lombardia)

Abstract

Il presente contributo rappresenta le caratteristiche settoriali del paese per identificarne punti di forza e di debolezza, cos“ da delineare proposte coerenti con il piano ÒNext Generation EUÓ. La trattazione verte sul posizionamento dei settori produttivi rispetto a Francia, Germania, e Spagna, osservato per tutte le categorie NACE2 in due sottoperiodi (2002-2007, 2013-2018). Dalle analisi empiriche emerge una ambivalenza statica ed evolutiva: a fronte della tenuta dei livelli e della apparente similaritˆ di struttura produttiva, si amplia il divario tra lÕItalia e gli altri paesi di confronto. Dalle propensioni allÕinvestimento e allÕinnovazione si evince che la riduzione dei costi prevale sulla ricerca di nuove opportunitˆ di crescita indotte da investimenti e R&S; le differenze settoriali sono per˜ marcate. LÕindicazione di politica economica che, per una gestione efficace dei fondi NGEU, necessaria unÕazione strutturata con criteri di settorialitˆ, territorialitˆ, e di integrazione nazionale delle catene del valore. This contribution represents the sectoral characteristics of Italy in order to identify its strengths and weaknesses, and to outline proposals consistent with the ÒNext Generation EUÓ plan. The discussion focuses on sectoral positioning with respect to France, Germany, and Spain, observed for all NACE2 sectors in two subperiods (2002-2007, 2013-2018). From the empirical analyzes, a static vs. dynamic ambivalence emerges: in the face of stability of production levels and the apparent similarity of the production structure, the gap between Italy and the other countries is widening. In Italy, cost reduction strategies prevail over the search for new growth opportunities induced by investments and R&D, though sectoral differences are marked. The policy implication is that, for the effective management of NGEU funds, a structured action is necessary with criteria of sectorality, territoriality, and integration of national value chains.

Suggested Citation

  • Anna Maria Variato & Paolo Maranzano & Roberto Romano, 2020. "Rotta Next Generation: tra narrazioni ed evidenza empirica, le sfide del possibile orizzonte della politica economica italiana (Next Generation EU: challenges for the possible horizon of Italian econo," Moneta e Credito, Economia civile, vol. 73(291), pages 207-236.
    • Handle: RePEc:psl:moneta:2020:32
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    References listed on IDEAS

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    More about this item

    Keywords

    NGEU; economic policy; structural change; sectors;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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