Template-type: ReDIF-Article 1.0 Author-Name: Franca Assante Title: Domenico Demarco, l'uomo, lo storico Abstract: Domenico Demarco, man and historian - Domenico Demarco (1912-2008) taught Economic History at the Faculty of Economics, University of Naples, from 1948 to 1983. In his unremitting and diversified scientific production, two lines had a great influence for the originality of their interpretative models: the pioneering studies on the South of Italy before 1860 and the studies on the history of banks and credit in the South of Italy. Demarco was a hard-working promoter of culture; moreover, he started two international reviews, very appreciated by the scientific community. Classification-JEL: Keywords: Note: Pages:5-32 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34805&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094001 Number: 1 Template-type: ReDIF-Article 1.0 Author-Name: Ferruccio Marzano Title: The Role of Ethical Premises in Economics and Finance Abstract: The Role of Ethical Premises in Economics and Finance - After having dealt with the relationship between the real economy aspects and moral "values" and "norms" in previous articles (see F. Marzano, 1992, 1998a, 2001a, 2003b, 2004), in the present paper I intend to go further in the same direction and in particular to look at the way in which ethics, economics and finance may relate each other. Hence, in the paper, I shall be concerned with the two-way relationship between economic/financial "matters" and ethical/moral values and norms. In general, I will show that any "problem" or "concern" in monetary/financial matters, as well as in economic ones, will not be "determinable" unless reference is made to (at least) one external proposition. In particular, whereas, as to the real economy problems, this is the case with reference to an externally determined distributive variable, in monetary/financial matters reference will be made to three so called zones, such as a white zone, as to which a positive judgement may always be expressed, a black zone, as to which a negative judgement may always be expressed, and a grey zone, as to which a specific judgement may only be expressed by reference to specific moral values and norms. Classification-JEL: Keywords: Note: Pages:33-64 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34806&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094002 Number: 2 Template-type: ReDIF-Article 1.0 Author-Name: Aldo Barba Title: Previsioni demografiche e sostenibilit? della spesa pensionistica in Italia Abstract: Demographic Forecasts and Sustainability of the Italian Pension Expenditure - This article discusses the effects that changes in the age structure of the Italian population could exert on the sustainability of public pension provision. After discussing the poor performance of demographic forecasts, we discuss increases in fertility and immigration flows as alternative ways to contrast the impending ageing of the population. We then examine the constraints that a shrinking labour force may exert on the level of employment, taking into account the presence of massive disguised unemployment. The paper maintains that in the medium and long term the demographic scenario has to be considered as not exogenous with respect to the economic stance. In this connection, expected aggregate demand and income distribution changes are considered of crucial importance. Classification-JEL: Keywords: Note: Pages:65-93 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34807&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094003 Number: 3 Template-type: ReDIF-Article 1.0 Author-Name: Annamaria Nese Title: Il problema dell'evasione fiscale: opinioni e comportamenti Abstract: Tax Evasion: Individual Opinions and Behaviour The literature about the determinants of fiscal evasion has highlighted the importance of psychological and moral factors, in addition to economic factors (Gordon, 1989; Bordignon, 1993; Sandmo, 2005; Kahan, 2006). Most studies have analysed fiscal morality using individual opinions drawn from sample surveys. On the contrary, the main contribution of this work is to analyse both individual behaviour towards fiscal duties and individual opinions about tax evasion using data from the 2004 Bank of Italy survey. In this respect, this work uses two different proxies to single out tax evaders. The main results are consistent with previous studies. Furthermore, most tax evaders exhibit reciprocal motivations (that is to say, most individuals believe that those around them evade, and the resentment for this inhibits them from complying) and disappointment in Government expenditures. Classification-JEL: Keywords: Note: Pages:95-119 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34808&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094004 Number: 4 Template-type: ReDIF-Article 1.0 Author-Name: Gianpaolo Crudo Author-Name: Angelo Castaldo Title: Quale interazione tra l'imposta sulle societ? e la corporate governance Abstract: Interaction between Corporate Tax and Corporate Governance - A Comparison between IRES 2003 and IRES 2007 This paper studies the interaction between tax system and corporate governance, investigating the change in distortionary effects produced on companies? financial choices by the last two corporate tax regimes in Italy. In particular, the paper concentrates on the different approach provided to interest deductibility. The comparison between IRES 2003 and IRES 2007, has been conducted through a microsimulation model able to point out net present value of hypothetical investment and effective inframarginal tax rate (EITR). Furthermore, to identify which investment profile has gained from the reform, we provide a rating linked to the financial structure of the investment. We argue that interest deductibility can provide incentives to companies to adopt unbalanced financial structures that implies, on one hand, in a microeconomic perspective, an incentive to management moral hazard, and, on the other, in a macroeconomic perspective, an increase in endogenous financial instability. We show that IRES 2007 performs better than IRES 2003 in reducing the magnitude of both distortions Classification-JEL: Keywords: Note: Pages:121-163 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34809&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094005 Number: 5 Template-type: ReDIF-Article 1.0 Author-Name: n.d. Title: Recensioni Abstract: Classification-JEL: Keywords: Note: Pages:165-175 Volume: 2008/94 Year: 2008 Issue:94 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=34810&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2008-094006 Number: 6