1,720,991 research outputs found
Enrico Cernuschi (1821-1896) : milanese e cosmopolita: politica, economia e collezionismo in un protagonista del Risorgimento
No full text"Leggi di economia" e "Leggi di finanza" : qualche riflessione sulla politica economica di Pietro Verri
No full textLe privatizzazioni italiane: contributo a un état des lieux
No full textAn attempt to evaluate and interpret the privatization and re-organization of utilities in Italy in the light of the current economic debate. Major relevant issues are surveyed: the (partial) privatization of utilities, and the implications of residual public ownership; the introduction of competition in the relevant markets; the management of (natural monopoly) networks; the role of public regulatory agencies. A tension between the suggestions offered by normative economics and the constraints arising fom the political economy context is singled out as the main determinant of the success and continuation of privatization processes
Liberalization problems and prospects in european railways
No full textAims of new european approach to national markets are analysed in railways sector. the need to create an international integrated rail system is not very easy since the sector does not easily show for the existence of contestable market
Public utilities and internationalization of the economic system
No full textANNALS OF PUBLIC SND COOPERATIVE ECONOMIC
Eu new member countries : Public Sector accounts and convergence
No full textFirst some general problems concerning the definition and measurement of deficits and public debt are discussed. The rationality of the two Maastricht targets for public finance are also critically analyzed. The economies of six NMCs are then considered, from 2003 onwards. All of them experienced a high and steady rate of growth, but also a relatively high rate of inflation, accelerating after 2006. In spite of a high investment ratio by the public sector, national budget deficits were generally low and below the 3% target. Thanks to the rapid expansion of nominal GNP, the public sector debt ratio declined in all countries, with the only exception of Hungary. Moreover most of them have a positive net financial position. We may thus conclude that these countries (except Hungary) have met the convergence criteria for public sector accounts and have followed prudent fiscal policies: the causes for external imbalances and excessive inflation are to be found (with some exception like the Czech Republic) in lax monetary policies and in the large inflow of foreign capital, primarily for direct investment but also on account of bank lending to the private secto
Increasing the substitution elasticity can improve VAT compliance and social welfare
No full textThis paper presents a model of Value Added Tax (VAT) evasion in a monopolistically competitive closed economy. The paper shows that an increase in the intra-brand elasticity of substitution can lower output VAT evasion when under-reporting of final sales and input VAT credits occur jointly. Because of the improvement in VAT compliance, equilibrium prices will fall and VAT revenues will rise both in the short and in the long run. Disentangling the love of variety and the elasticity of substitution utility parameters, it turns out that, in a symmetric general equilibrium solution with free entry and exit of firms, an increase in the substitution elasticity is welfare improving when love of variety is not too strong
The end of national public monopolies and the problem of european regulation in TLC
No full textLa fine dei monopoli nazionali, specie nei settori delle TLC, ha imposto l'avvento d'una regolazione europea a tutt'oggi ancora debole se non latitant
Urban fiscal system and economic cycles in Milan (16.-17. centuries) : some quantitative and qualitative remarks
No full textThe paper seeks to demonstrate that the fiscal system in Milan during the Spanish dominion (1535-1706), played not only a negative role on the economic growth of the city, but it was affected in a positive way at some phases.
First of all, a short analysis of the structural issues of the Milanese fiscal pattern will be outlined, focusing on the various categories of taxes (direct and indirect, state quota taxes, and autonomous-city taxes). The way they were cashed in, and accounted for, and the complex interplay between the central governmet needs of Madrid and the urban authorities, such as the relationship between the urban core and its countryside, are taken into consideration. Consequentially, quantitative data on the amount of the taxes collection and on the value of fiscal burden will be offered, as far as possible.
Finally, the paper delves into the nexus between the urban fiscal system and the economic trend, analysing both the quantitative factors and the qualitative ones. Concerning the former, until now, we can notice, for example, that the fiscal system shifts income from the taxpayers to the owners of securities, servicing municipal debt, that used these bonds as collateral to get loans. The latter, the enterpreneur-contractor who assumed business risks, is one of the most modernizing figure of the economic Milanese environment
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