Template-type: ReDIF-Article 1.0 Author-Name: n.d. Title: Introduzione Abstract: Classification-JEL: Keywords: Note: Pages:5-6 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37935&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004001 Number: 1 Template-type: ReDIF-Article 1.0 Author-Name: Alessandra Lanza Author-Name: Pietro Modiano Title: L'industria italiana di fronte alla crisi e al giudizio delle banche Abstract: Italian manufacturing through the crisis and credit selection - The heritage of the most striking financial crisis developed from within industrialized countries in recent years will have an impact on industrial companies for many months to come. In addition, the real effect of the crisis and its possible solutions are not yet entirely clear both in terms of magnitude and duration. The "benign" (and procyclical) spillover effects from the financial to the real sectors of the economy are about to change, moving from an open-handed, cheap, general credit, as experienced in the past ten years, to a more one-by-one, pricey, selective approach. The question of the selection and allocative function of banks is crucial to sustain a short-term recovery while ensuring a long-term feasible and sustainable development. In this framework, understanding how resilient and competitive Italian firms are is pivotal to ensure allocative efficiency. The authors suggest that during the last decade conventional wisdom and hard data have often underestimated the industrial upgrading that has taken place in the country. This is not a negligible detail when called to evaluate and select credit - a scarce resource - which if unproperly allocated may significantly distort the development options of a country?s industries. Classification-JEL: E31, F10 , G32 Keywords: Manufacturing, banking, allocative efficiency Note: Pages:7-21 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37936&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004002 Number: 2 Template-type: ReDIF-Article 1.0 Author-Name: Renzo G. Avesani Title: La crisi finanziaria ? un test per Basilea II? Abstract: Is the financial crisis a test for Basel II? - In the last few months the debate about the Basel II framework has been intensified by the extent of the current financial crisis. The main discussion focused also on the impact of the new capital regulation over the business cycle fluctuations. Some market players fear that the new framework may be pro-cyclical as it is based on risk sensitive principles. Indeed the Basel II Committee is working on reforming part of the existent regulation. But, at the same time, the soundness of the main body of the framework has been confirmed by the supervisors. Anyway it is unreasonable to think that an extensive regulation concerning capital requirements is enough to prevent any excess of the financial market. In fact, the best lesson we may learn from the present crisis is that only a sound and cautious corporate governance leads to a responsible balance between financial profits and underlying risks. A brief description of the crises on the Italian market is also presented. The traditionally conservative lending practice of the Italian banking system seems to have shielded, in part, this economy from the crisis. Classification-JEL: G01, G21, G32 Keywords: Banking, financial crisis, Basel II, risk management Note: Pages:23-35 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37937&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004003 Number: 3 Template-type: ReDIF-Article 1.0 Author-Name: Laura Solimene Title: La regolazione nel settore elettrico: complessit? crescente, a vantaggio di chi? Abstract: Increasing complexity in electricity regulation: who benefits? - After a short description of the evolution of incentive regulation, this paper explores some of the issues arisen with its implementation in the electricity sector both in the UK and Italy. It points out the challenge for a regulator to implement an incentive mechanism under imperfect information, and focuses on some distortions emerged as a result of the design of the incentive scheme itself. Classification-JEL: L51, L94 Keywords: Incentives, regulation, electricity Note: Pages:37-61 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37938&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004004 Number: 4 Template-type: ReDIF-Article 1.0 Author-Name: Giovanni Foresti Author-Name: Fabrizio Guelpa Author-Name: Stefania Trenti Title: Sempre meno manufatturiero in Europa? Tra terziarizzazione e aperture delle filiere Abstract: Decreasing weight of manufacturing industry in Europe? Between terziarization and opening of the value chains - This paper aims at understanding the decreasing weight of the manufacturing industry in the main European countries. The results obtained in this paper by using inputoutput tables seem to suggest that what we are observing is far from being a process of deindustrialisation of the European economies. On the contrary, these changes can be seen as the results of the manufacturing firms? attempt to increase their competitiveness on the international markets. In so doing they tend to focus more and more on non-prices strategies (innovation, marketing, distribution, etc.), leaving to the Emerging countries the most labour-intensive phases of the production process. These strategies lead to a rise in the high-skilled -service jobs within the manufacturing firms, which interact increasingly with service sectors. Classification-JEL: F20 , L60 , L80 Keywords: Input-output tables, manufacturing, services, globalisation, human capital Note: Pages:63-88 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37939&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004005 Number: 5 Template-type: ReDIF-Article 1.0 Author-Name: Fabrizio Tra? Title: Logica di un sistema di sostegno alle imprese. La politica industriale italiana dal secondo dopoguerra a "Industria 2015" Abstract: The logic of industrial policy in Italy from world war II to "Industria 2015" - The paper aims at discussing the logic lying behind sixty years of industrial policy in Italy. It is argued that during this time State intervention has been characterised by the issue of an increasing number of laws (mostly persisting over time) devoted to specific objectives, but at the same time paralleled by a tendency towards the reduction of their selectivity through the widening (i.e. the loosening) of the boundaries of the universe of firms they were thought for. Such a logic seems to have made way in recent years for a relatively new approach, as stated in the program "Industria 2015", which has put at the centre of the stage the need for limiting State aid to a selected group of (horizontally identified) industrial activities. The paper also discusses some apparent shortcomings of this approach, emphasising that a risk for a new weakening of its selective logic is still at work. Classification-JEL: L52 Keywords: Italian industrial policy, incentives, market regulation Note: Pages:89-113 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37940&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004006 Number: 6 Template-type: ReDIF-Article 1.0 Author-Name: Mariacarmela Passarelli Title: Le capacit? dinamiche nell'industria dei semiconduttori. Un'analisi storica dal 1947 al 2007 Abstract: Dynamic capabilities in the semiconductor industry. A historical analysis from 1947 to 2007 - The purpose of the paper is to contribute to our understanding of the semiconductor industry?s evolution from a dynamic capability perspective. The paper tries to analyze how winner firms in the worldwide semiconductor industry dealt with resources reconfiguration. This idea is explored in a historical analysis of firms? behaviour in the semiconductor industry from 1947 to 2007. The paper proposes managerial and public policies implications along with proposals for further research. Classification-JEL: L20 , L22 , L63 Keywords: Dynamic capabilities, semiconductor industry, resource reconfiguration, business model, change Note: Pages:115-149 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37941&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004007 Number: 7 Template-type: ReDIF-Article 1.0 Author-Name: Paolo Malighetti Author-Name: Stefano Paleari Author-Name: Renato Redondi Title: La crisi di Alitalia e il futuro di malpensa: lezioni da casi internazionali Abstract: The Alitalia crisis and the future of Malpensa airport: lessons from international cases This paper considers different cases of de-hubbing in Europe and the US to analyze their effect on airport traffic and passengers? welfare. The final objective is to derive some possible implications for the development of Malpensa. We find that when a carrier abandons a hub there is always a significant and immediate decrease in passenger volumes and network quality. We find that de-hubbing is not likely to be completely reversible. It is the short-term reaction of airports, by favouring the entry of low-cost and network carriers that brings about irreversibility. In the mediumterm the analyzed airports recover traffic and network quality. Even if intercontinental direct services decrease, there are also advantages from the passengers? perspective, among which cheaper fares for low-cost short-haul flights. However, Malpensa still retains valuable connections to the networks of the three major alliances and of other non-allied and low-cost carriers. One future development for the airport could be to take into itself to promote and coordinate transit passengers between independent airlines. Classification-JEL: L93 Keywords: Airports, de-hubbing, growth strategies, Malpensa Note: Pages:151-165 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37942&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004008 Number: 8 Template-type: ReDIF-Article 1.0 Author-Name: Giovanna Campopiano Author-Name: Josip Kotlar Author-Name: Andrea Salanti Title: Struttura competitiva dopo la crisi Alitalia: il caso dela tratta Milano-Roma Abstract: Air travel routes and high speed rail connection between Milan and Rome after the Alitalia crisis This paper analyses the first available data about changes in passenger traffic and air/rail fares after the Alitalia crisis and the substantial reduction of the travel time between Milan and Rome, due to the improvement of high speed rail on this connection. As recently happened in similar cases within Europe, the rail has gained a significant share of traffic previously attracted by air transport services. Apart from that, a real price competition is prevented by a number of inefficiencies which are mainly due to the monopolistic position of the new Alitalia on the route Milan Linate-Rome Fiumicino and problems of accessibility affecting our airports, and partly our rail stations too. The role of the various authorities potentially involved is burdened, in the last instance, by infrastructural deficiencies. Classification-JEL: L93 Keywords: Accessibility, air/rail competition, intermodality, Linate, Malpensa Note: Pages:167-178 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37943&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004009 Number: 9 Template-type: ReDIF-Article 1.0 Author-Name: Francesco Bogliacino Title: Innovation and performance in the long run: the case of Europe Abstract: Innovation and performance in the long run: the case of Europe - In this article we present the results of a recent work on the long-term mechanisms of innovation and performance in Europe which contributes to the European innovation scoreboard. Data from different waves of the Community Innovation Surveys (CIS) have been used as an instrument for understanding the evolution of innovative patterns in the long run. In particular, we provide a test on the long-run stability of innovation data. Moreover, a model deemed to capture the complexity of the innovation-performance relationship is proposed and estimated using CIS data. Classification-JEL: L6 , L8, O3, O33, O52 Keywords: Profits, R&D, innovation Note: Pages:179-192 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37944&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004010 Number: 10 Template-type: ReDIF-Article 1.0 Author-Name: Raffaele Brancati Author-Name: Davide Ciferri Author-Name: Andrea Maresca Title: Innovazione e ricerca nell'industria italiana. Alcune evidenze dell'indagine MET Abstract: R&D and innovation in Italian manufacturing firms: some evidence from the MET 2009 survey - This work provides results from a survey based on a very large sample (25,000 firms) of Italian manufacturing firms carried out by MET in 2008. This survey, completed straight before the deepening of the financial crisis, aims to offer a detailed picture of the Italian industrial system with its regional, dimensional and sector-based variability. We show some evidence related to innovation and R&D activities. Intense heterogeneity among Italian regions is identified (other than north/south dualism). The main contribution of the work is to provide some measures of innovation and R&D for the smallest firms. Firm size is particularly relevant in explaining the intensity of R&D and the spread of innovation. Nevertheless, there is a key role of small firms in explaining the aggregate innovation performance both at regional and national level. Strong links between Innovation, R&D and Internationalisation are confirmed. R&D activities among small firms have specific characteristics: external research is widespread with an important role played by laboratories shared with other firms. Classification-JEL: L60, O31, O32 Keywords: Innovation, R&D, firm size, manufacturing Note: Pages:193-207 Volume: 36 Year: 2009 Issue:4 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37945&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:polipo:v:html10.3280/POLI2009-004011 Number: 11