Property development: British and French systems

Book reviewed in this article: Topalov, C. 1974: Les promoteurs immobiliers. Ambrose, P. and Colenutt, R. The property machine.     

Public engagement through social media: the spending review experience

This paper, relying on three empirical cases of spending reviews carried out in Europe, investigates how social media has been used to engage citizens in spending review processes. The authors explain the differences in levels of engagement between the use of social media (Web 2.0 tools) compared to traditional Web 1.0 tools. Finally, they discuss how government might genuinely listen to its citizens and work with them.     

Should governments fund basic science? Evidence from a willingness-to-pay experiment in five universities

ABSTRACT

Tax-payers are usually the ultimate funders of large-scale research infrastructures (RIs), but the expected discoveries of such projects often do not have any known use-value. By interviewing 1,022 undergraduates, we study the drivers of preferences for paying for basic research, which are still little known. We focus on the LHC at CERN, where the Higgs boson was discovered. Income, awareness, and positive attitudes towards science drive a positive willingness-to-pay for science. Students in social sciences and the humanities are willing to contribute to scientific curricula at least as much as their peers. Findings offer support to government funding of basic research as a public good.     

Standard costs of regional public rail passenger transport: evidence from Italy

ABSTRACT

The paper estimates the standard cost in Italian regional public rail passenger transport services (LPTR), depending on service characteristics. The results highlight the crucial role of: number of seats per ride, commercial speed, service size and length of rail tracks. The model also shows the positive link between investment in rolling stock and the unit cost of the service. Finally, based on the empirical evidence, we propose regulatory adjustments to accomplish policy targets regarding the fair allocation of public LPTR funds to Regions and Local Authorities and a more efficient use of (scarce) local and national public resources.     

Evaluation of national science park systems: a theoretical framework and its application to the Italian and Spanish systems

Although many authors have analysed the role and the efficiency of science parks, only a few contributions have analysed national science park systems (SPSs) as a whole. Because of the lack of data, evidence regarding the performance of science parks in a nation is very limited and there is a lack of comparisons between different systems. This paper aims to introduce a simple framework to analyse SPSs and to show its use for comparing the state of development and the main differences of two or more SPSs. Its application to the Italian and Spanish systems shows that science parks play a more important role in Spain than in Italy. The main causes of these differences are argued to be (i) the presence of a set of coherent and particular policies which favour science parks in Spain and (ii) the internal factors of the Spanish science park system, including business models of the science parks and the role of the national association.     

Defining spending reviews: a proposal for a taxonomy,with applications to Italy and the UK

After the 2008 global financial crisis, many governments introduced spending reviews (SRs). The paper provides a valuable definition of the concept of the SR by proposing a taxonomy of the main organizational and methodological aspects involved in the SR process. The paper identifies two different SR models, which feature alternative approaches to cutting back spending. The authors highlight some important considerations when looking to make sustainable and sensible cuts in spending.     

The effects of education and aging in an OLG model: long-run growth in France,Germany and Italy

The purpose of the paper is to provide a long-run analysis up to 2050 of the interplay between financial integration, diverging labor productivity, and the aging process in the larger European countries. We use the Prometeia overlapping generation model for Italy, Germany, and France which are modeled as open economies in capital markets. Our projections provide a core-periphery structure in which Germany, the most abundant human capital country, shows the highest but a decreasing growth rate due to pronounced aging, and finances capital accumulation processes in France and Italy. We find that financial trends are reversed in the late 2010s when Italy begins to over-save as the gap in human capital endowment, and then in productivity, becomes larger compared to the other two countries. This leads to a reduction in physical capital accumulation and innovation processes in Italy. We employ fiscal experiments to correct the long-run divergent behavior of countries in order to get a more homogeneous growth rate path among countries. We also measure the impact of taxation on net-wealth in Italy, and evaluate the internal and spillover effects.     

Remittances, schooling, and child labor in Mexico

This paper studies the effects of remittances from the U.S. on child labor and school attendance in recipient Mexican households. We identify these effects using the impact of the 2008-2009 U.S. recession on remittance receipts. The methodology employed is a differences-in-differences strategy that compares households that were remittance recipients before the crisis with never-recipient households. To avoid possible selection problems, we instrument for membership in the remittance recipient group. We find that the negative shock on remittance receipts caused a significant increase in child labor and a significant reduction of school attendance.