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The debate about the origin of the North-South divide in Italy usually overlooks the effects of the monetary union achieved in 1862, just after the politic unification. Italy was not an optimum currency area for a low degree of factor mobility and the specialization effects that the common currency generated. In this way, with the Italian monetary unification, North and South have laid the groundwork to diverge.
In the last decades, the mergers and acquisitions among firms have created large oligopolistic concentrations which operate simultaneously in many economic sectors and in different countries. This article describes some of the economic and political problems caused by oligopolies and analyses the role of antitrust in addressing them.
The Council of State, with the judgment no. 2481/2017, decided definitively that the tariff setting methodology for water supply used by the Italian Regulatory Authority for Electricity Gas and Water is formally correct. This decision cancels the result of the second 2011 referendum on public water service out because it says that users have to pay an interest on invested capital. How much they actually have to pay is determined by the market.
Rural development models so far have failed to explain why development stagnates in certain regions. Focusing on Southern Italy, while financial, social, human, and built capital are inadequately developed, the region is rich of natural and cultural capital. We argue that promoting human, natural, social and cultural capital is the best way to foster development in this area.
The 2007/2008 financial crisis has destroyed the illusion of who believes that capitalism would be able to reduce inequality within industrialized country. The optimism of post II World War has been demolished by the economic decadency of middle classes in developed countries. It is undeniable that international living standards have been dramatically improved over time. However, the crucial question is if capitalism - as system of production and social relationships - has been able to redistribute more equally its wealth. If yes, is this process due to specific circumstances or due to capitalism nature?
La proposta di superare l'arbitrarietà dell'aggregazione di indicatori in indici sintetici attraverso la Stochastic Multiobjective Acceptability Analysis (SMAA, Lahdelma et al. 1998; Lahdelma, Salminen, 2001), introdotta su Economia e Politica da Giuliano Resce e da questi...
This paper shows the relation between a composite index of well-being and the lack of trust in the institutions in Italy. The data are taken from the last round of voting for the constitutional referendum in December 2016, and the last version of BES, that is a well-being indicator of ISTAT. From a methodological perspective the composite index of well-being is esteem of Stochastic Multiobjective Acceptability Analysis. The results show a generalized spatial segregation, and a North-South divide that involves all the aspect of life included in the BES, as well as the share people voting ‘yes’ in the 4th December referendum.