Pub Date : 2023-09-01DOI: 10.1007/s00191-023-00834-6
Giovanni Bonaccorsi, Francesco Scotti, Andrea Flori, Fabio Pammolli
Abstract The COVID-19 pandemic has highlighted the necessity for policymakers to design interventions that allow to promptly resume economic activities while taking control of the healthcare emergency. We analyze the response of differentiated policy measures by exploiting a meta-population SEIR model based on transaction data that map human mobility through daily physical transactions performed by cardholders of a major Italian bank. We calibrate multiple counterfactual scenarios and study the impact of alternative combinations of tailored mobility restrictions with different intensity across sectors. Although the Retail sector accounts for the largest portion of mobility and drive results in terms of infections and consumption dynamics, other economic activities, such as those related to Restaurants, have a relevant role in the design of the optimal policy. Finally, we show how the proposed approach can be used by policymakers to evaluate the trade-off between economic and healthcare impacts by identifying the alternative policy restrictions that minimize either the economic impact given a certain level of infections or the spread of contagion for a target value of economic impact.
{"title":"Balancing health and economic impacts from targeted pandemic restrictions","authors":"Giovanni Bonaccorsi, Francesco Scotti, Andrea Flori, Fabio Pammolli","doi":"10.1007/s00191-023-00834-6","DOIUrl":"https://doi.org/10.1007/s00191-023-00834-6","url":null,"abstract":"Abstract The COVID-19 pandemic has highlighted the necessity for policymakers to design interventions that allow to promptly resume economic activities while taking control of the healthcare emergency. We analyze the response of differentiated policy measures by exploiting a meta-population SEIR model based on transaction data that map human mobility through daily physical transactions performed by cardholders of a major Italian bank. We calibrate multiple counterfactual scenarios and study the impact of alternative combinations of tailored mobility restrictions with different intensity across sectors. Although the Retail sector accounts for the largest portion of mobility and drive results in terms of infections and consumption dynamics, other economic activities, such as those related to Restaurants, have a relevant role in the design of the optimal policy. Finally, we show how the proposed approach can be used by policymakers to evaluate the trade-off between economic and healthcare impacts by identifying the alternative policy restrictions that minimize either the economic impact given a certain level of infections or the spread of contagion for a target value of economic impact.","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135433948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1007/s00191-023-00840-8
Arne Heise
Abstract During the past decades, industrial capitalism has been transformed into something which has been dubbed ‘Casino Capitalism’, ‘Turbo Capitalism’ or ‘Money Manager Capitalism’ by different authors: financial accumulation has outpaced real accumulation. This process of ‘financialisation’ has been discussed quite intensively in the literature with respect to its historical determinants and its macroeconomic effects, yet it has not been studied thoroughly whether the shift from the production and allocation of commodities and services towards the origination and distribution of loans and assets as the main activity of non-financial companies challenges our theoretical principles and, therefore, demands a new macroeconomic approach. The objective of this paper is to argue in a preliminary way that financialisation is not merely to be understood as the relative growth of the financial sector based on a deepening of financial intermediation but as a structural transformation of the core business of non-financial firms. This is based on an extended post-Keynesian theory of monetary production and an application of Minskian short- and long-term instability cycles.
{"title":"A Keynesian–Minskian perspective on the transformation of industrial into financial capitalism","authors":"Arne Heise","doi":"10.1007/s00191-023-00840-8","DOIUrl":"https://doi.org/10.1007/s00191-023-00840-8","url":null,"abstract":"Abstract During the past decades, industrial capitalism has been transformed into something which has been dubbed ‘Casino Capitalism’, ‘Turbo Capitalism’ or ‘Money Manager Capitalism’ by different authors: financial accumulation has outpaced real accumulation. This process of ‘financialisation’ has been discussed quite intensively in the literature with respect to its historical determinants and its macroeconomic effects, yet it has not been studied thoroughly whether the shift from the production and allocation of commodities and services towards the origination and distribution of loans and assets as the main activity of non-financial companies challenges our theoretical principles and, therefore, demands a new macroeconomic approach. The objective of this paper is to argue in a preliminary way that financialisation is not merely to be understood as the relative growth of the financial sector based on a deepening of financial intermediation but as a structural transformation of the core business of non-financial firms. This is based on an extended post-Keynesian theory of monetary production and an application of Minskian short- and long-term instability cycles.","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134961896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1007/s00191-023-00832-8
Stefano Basilico, Holger Graf
{"title":"Bridging technologies in the regional knowledge space: measurement and evolution","authors":"Stefano Basilico, Holger Graf","doi":"10.1007/s00191-023-00832-8","DOIUrl":"https://doi.org/10.1007/s00191-023-00832-8","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44464818","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-25DOI: 10.1007/s00191-023-00827-5
Francesca Rubiconto
{"title":"Is environmental innovation the key to addressing the dual economic and sustainability challenge of the Italian economy?","authors":"Francesca Rubiconto","doi":"10.1007/s00191-023-00827-5","DOIUrl":"https://doi.org/10.1007/s00191-023-00827-5","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45778394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-14DOI: 10.1007/s00191-023-00831-9
Guido Pialli
{"title":"The effects of limited exhaustibility of knowledge and geographical distance on the quality of R&D collaborations: The European evidence 2000–2012","authors":"Guido Pialli","doi":"10.1007/s00191-023-00831-9","DOIUrl":"https://doi.org/10.1007/s00191-023-00831-9","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47011458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-08DOI: 10.1007/s00191-023-00833-7
José A. Pérez-Montiel, Andreu Sansó, Oguzhan Ozcelebi, Riccardo Pariboni
{"title":"Autonomous and induced demand in the United States: a long-run perspective","authors":"José A. Pérez-Montiel, Andreu Sansó, Oguzhan Ozcelebi, Riccardo Pariboni","doi":"10.1007/s00191-023-00833-7","DOIUrl":"https://doi.org/10.1007/s00191-023-00833-7","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48935933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-07DOI: 10.1007/s00191-023-00826-6
A. Antoci, S. Borghesi, Giulio Galdi
{"title":"Five shades of green: Heterogeneous environmental attitudes in an evolutionary game model","authors":"A. Antoci, S. Borghesi, Giulio Galdi","doi":"10.1007/s00191-023-00826-6","DOIUrl":"https://doi.org/10.1007/s00191-023-00826-6","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47608279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-05DOI: 10.1007/s00191-023-00816-8
Simon Bruhn, T. Grebel, L. Nesta
{"title":"The fallacy in productivity decomposition","authors":"Simon Bruhn, T. Grebel, L. Nesta","doi":"10.1007/s00191-023-00816-8","DOIUrl":"https://doi.org/10.1007/s00191-023-00816-8","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42701414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-20DOI: 10.1007/s00191-023-00828-4
Kalyani Mangalika Lakmini Rathu Manannalage, Andreas Chai, S. Ratnasiri
{"title":"Eating to live or living to eat? Exploring the link between calorie satiation, Bennett’s law, and the evolution of food preferences","authors":"Kalyani Mangalika Lakmini Rathu Manannalage, Andreas Chai, S. Ratnasiri","doi":"10.1007/s00191-023-00828-4","DOIUrl":"https://doi.org/10.1007/s00191-023-00828-4","url":null,"abstract":"","PeriodicalId":47757,"journal":{"name":"Journal of Evolutionary Economics","volume":" ","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44932066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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