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SAPIENZA UNIVERSITÀ DI ROMA, Dipartimento di Economia e Diritto

UNIVERSITÀ DEGLI STUDI DI URBINO “CARLO BO”, Dipartimento di Economia, Società, Politica




UNIVERSITÀ ROMA TRE, Dipartimento di Economia

in cooperation with


centro linceo interdisciplinare «beniamino segre»



Explaining Economic Change

Wednesday 12 November 2014

Sapienza Università di Roma, Facoltà di Economia,

Dipartimento di Economia e Diritto, Viale del Castro Laurenziano 9, Roma


The Workshop follows up on the Conference “Economic Change and Evolution”organised at the Accademia dei Lincei on 10-11 November, and presents conceptual and empirical investigations – mostly by younger scholars - on the process of economic change. It aims to open up a dialogue between different approaches and themes, including macroeconomic and microeconomic perspectives, evolutionary approaches, investigations on structural change, studies on institutions and policies.

Senior scholars will deliver keynote lectures, chair sessions and discuss the presentations. Full papers have to be submitted by 20 October 2014 and will be available on the conference website. Participants will have to register for the conference by 30 October 2014, following the indications provided in the website. Registration is free.


Organising Committee

Giovanni Dosi, Maurizio Franzini, Anna Giunta, Luigi Marengo, Mario Pianta, Marco Vivarelli, Antonello Zanfei

Information and contacts

Valeria Cirillo and Dario Guarascio,

Conference website

                                                             Practical Information    Registration Form



9.00-9.30 Opening

Sala del Consiglio, Palazzina della Presidenza, 2nd floor (Building on the right of the main entrance)


Silvia Fedeli

Director of the Dipartimento di Economia e Diritto, Sapienza University of Rome

Tito Orlandi,

Director of the Centro Linceo Interdisciplinare “Beniamino Segre”, Accademia Nazionale dei Lincei


9.30-11.30 Plenary Session

Explaining change in economies and firms



Richard Nelson, Columbia University

Keynote lectures

Michael Landesmann, WIIW Vienna, Change in economies

Uwe Cantner, Friedrich Schiller University, Jena, Change in firms and markets

Paul David, Stanford University and unu-Merit, Maastricht, Economic change in the history of US growth




The Workshop proceeds with parallel sessions organised on four themes



Sala del Consiglio, Palazzina della Presidenza, 2nd floor (Building on the right of the main entrance)


Aula Steve, 5th floor


Aula Marrama, 6th floor


Aula del Consiglio di Dipartimento, 6th floor


11.45-13.30 Session 1


Session 1.1 Evolutionary Models

Chairs and discussants: U. Cantner, G. Dosi, Sala del Consiglio, Palazzina della Presidenza, 2nd floor


P. Saviotti, A. Pyka, Université de Nice, INRA-GAEL

On the Coevolution of Innovation and Demand: Does Demand Saturate?

F. Villafranca, I. Almudi, University of Zaragoza

A Formal Discussion of the Sarewitz-Nelson Rules

S. Vannuccini, U. Cantner, F. Schiller University, Jena

Modeling Acquired Purpose: Industries Linked Payoffs, Innovation Inducements And the Emergence of General Purpose Technology

M. Jadack, A. Pyka, Hohenheim University

Competition in the German Market for Retail Energy: An Agent Based Simulation


Session 2.1 Variety of capitalism

Chairs and discussants: C. Antonelli, F. Bogliacino,  Aula Steve 5th floor


R. Pavelchievici, Université de Nice

Changes in the US Financial Capitalism: Reembedding Money and Finance Into The Social Fabric?

S. Le Chevalier, Ecole des Hautes Etudes en Sciences Sociales (EHESS, Paris)

Liberalization, Increasing Corporate Diversity, and Rising Inequalities The Great Transformation of Japanese Capitalism

G. Capone, R. Boschma, IUSS Pavia and LUND University

Institutions and the Direction of Industrial Diversification: an evolutionary approach to variety of capitalism

A. Simonazzi, Sapienza University of Rome

Bubbles as An Engine for Growth?


Session 3.1 Labour, skills and wages

Chairs and discussants: M. Pianta, M. Vivarelli, Aula Marrama 6th floor


G. Marin, F. Vona, D. Consoli, F. Rentocchini,   CERIS (CNR), Science Po, Ingenio (Spain), Skema (France) 

That Was Then, This is Now: Skills and Routinization in the 2000s

V. Cirillo, Sapienza University of Rome

Innovation and Skills

D. Antonioli, P. Pini, R. Antonietti, University of Ferrara and University of Padova

Flexible pay Systems and Labour Productivity:  Evidence from Emilia-Romagna Manufacturing Firms

A. Heimisch, O. Falck, S.  Wiederhold, IFO, Germany

Does Exposure to the Internet Trigger ICT Skills? Evidence from PIAAC


Session 4.1 Micro studies on firms performance

Chairs and discussant: A. Giunta, L. Marengo,  Aula del Consiglio di Dipartimento 6th floor


Bianchini, G. Pellegrino, F. Tamagni, Scuola Superiore S. Anna and BETA

Innovation Strategies and Firm Growth: New Longitudinal Evidence from Spanish Firms

L. Nascia, F. Bogliacino, M. Lucchese, M. Pianta, Istat, Universidad Nacional de Colombia, University of Urbino

The Virtuous Circle of Innovation in Italian Firms  

M. Virgillito, G. Dosi, M. Pereira,  Scuola Superiore S. Anna

The ubiquitous fat tail distribution of firm growth rates.The birthmark of evolutionary processes of learning and selection

R. Gallo, G. Barbaresco, D. Mauriello, Sapienza Univ. of Rome, Mediobanca Res. Dept. and Unioncamere

Main Changes in The Growth Process of The Italian Industrial System


13.30-14.45 Lunch break


14.45-16.45 Session 2


Session 1.2 Evolution and Institutions

Chairs and discussants: M. Franzini, L. Marengo, Sala del Consiglio, Palazzina della Presidenza, 2nd floor


J. Silverberg, UNU-Merit, IIASA

Global, Endogenous, Unique, Evolutionary: Sleuthing the Industrial Revolution

P. Pelikan, Prague University of Economics

Towards a Conceptually Precise and Logically Consistent Synthesis of  Evolutionary and Institutional Economics for Safe Policy Applications

P. Ramazzotti, University of Macerata

Economic Theory and Purposive Economic Change in an Evolutionary Environment

P. Michaelides, K. Konstantakis, National Technical University of Athens

R&D Expenses and Business Cycles in The US Sectoral Economy: A Schumpeter Inspired Approach (1957-2006)

A. Fusari

An explanation of economic change and evolution


Session 2.2 Macro-models

Chairs and discussants: G. Dosi, M. Landesmann, Aula Steve, 5th floor


A. Roventini, G. Fagiolo, T. Ferraresi, University of Verona, Scuola Superiore S. Anna and IRPET

Fiscal Policies and Credit Regimes: a TVAR approach

R. Martino, University of Pisa

Convergence and growth. Labour productivity dynamics in the European Union

M. Tancioni, E. Beqiraj,  Sapienza University of Rome

Labor Market Targeted Policies in the Eurozone Periphery

I. Almudi, F. Villafranca, G. Jarne, J. Sanchez, University of Zaragoza

Rethinking Macroeconomic Policy Within a Simple Dynamic Model


Session 3.2 Structural change and services

Chairs and discussants: L. Orsenigo, M. Vivarelli,  Aula Marrama, 6th floor


L. Romano, F. Traù , Centro Studi Confindustria, Italy

The Nature of Industrial Development and the Speed of Structural Change

D. Palma, D. Ciriaci, S. Montresor,  ENEA, EU Commission and University of Bologna

Do KIBS Make Manufacturing More Innovative? An Empirical Investigation for Four European Countries

M. Savona, V. Meliciani, J. Gonzalez, Sussex University, University of Teramo and OECD

When Linder meets Hirschman: Inter-industry Linkages and Global Value Chains in businnes services

R. Evangelista, V. Meliciani, M. Lucchese,  University of Camerino, University of Teramo and ISTAT

Manufacturing Exports and the Impact on Businness Services

A. Vaona, A. Tescari,  University of Verona

Gender Employment Disparities, Financialization and Profitability Dynamics on the Eve of Italy's Long Crisis


Session 4.2 R&D and multinational firms

Chairs and discussant: U. Cantner, A. Zanfei, Aula del Consiglio di Dipartimento 6th floor


D. Castellani, S. Montresor, T. Schubert, A. Vezzani, University of Perugia and University of Bologna 

Multinationality, R&D and Productivity: Evidence on the top R&D spenders

C. Cozza, A. Zanfei,  University of Trieste and University of Urbino

The Cross Border R&D Activity of Italian Business Firms

C. Fassio, LUISS Rome

Export-led Innovation Among European Firms: Demand and Technological Learning Effects

F. Aiello, F. Ricotta, University of Calabria

Firm heterogeneity in productivity across Europe. What explains what?

A. Ferragina, F. Mazzotta,  University of Salerno

Agglomeration Economies Impact on Heterogeneous Firms Survival in Italy


17.00-19.00 Session 3


Session 1.3 Innovation

Chairs and discussants: C. Antonelli, L. Orsenigo, Sala del Consiglio, Palazzina della Presidenza, 2nd floor


M. Divella, University of Bari

Determinants of business R&D investments: evaluating the impact of technology-push and demand-pull engines of innovation

R. Cappellin, Tor Vergata University

Innovation and investment in an urban cross-sectoral growth model: a change of course is needed in macroeconomic policies

F. Crespi, V. Costantini, A. Palma Roma Tre University

Coherence, variety and spillovers of the policy mix: inducement effects in energy-efficient technologies

D. Archibugi, National Council of Research (Italy)

Blade Runner Economics. Will Innovation lead us out of crisis?


Session 2.3 Social norms and experiments

Chairs and discussants: M. Franzini, M. Tancioni, Aula Steve, 5th floor


M. Raitano, R. Fantozzi, Sapienza University of Rome & ISTAT

Political cycle and reported labour incomes in Italy: a quasi-experimental evidence on tax evasion

E. Carrera, E. Accinelli, Autonomous University of San Luis Potosi (Mexico)

Corruption, Inequality, and Income Taxation

F. Bogliacino, G. Grimalda, Universidad Nacional de Colombia, Kiel Institute for the World Economy

Social Norms, Violence and Bandwidth: Evidence from Field Experiments in Colombia

F. Blandinieres, F. Schiller University, Jena

Synergy and complementarity of rules: the importance of public organizations in anticancer development


Session 3.3  Structural change in open economies

Chairs and discussants: M. Landesmann, M. Pianta, Aula Marrama, 6th floor


R. Stoellinger, WIIW Vienna

Global Value Chains and Structural Change

G. Felice, L. Tajoli, University Carlos III Madrid and Politecnico di Milano

External Imbalances in the European Union and International Fragmentation of Production: Is There a Link?

D. Guarascio, Sapienza University of Rome

Exports, New products and R&D. Modeling Complexity and Change

M. Grazzi, G.Dosi, D. Moschella, University of Bologna and Scuola Superiore S.Anna

Technology and costs in international competitiveness: from countries and sectors to firms            

A. Gkypali, K. Tsekouras, K. Kounetas, N. Chatzistamoulou, University of Patras (Greece)

European Countries’ Competitiveness and Productive Performance Evolution: Unraveling the complexity                                                                                              


Session 4.3 Global value chains

Chairs and discussants: A. Giunta, A. Zanfei, Aula del Consiglio di Dipartimento 6th floor


D. Del Prete, A. Rungi, Sapienza University of Rome and IMT Lucca

Organizing The Global Value Chain: a Firm Level Test

R. Brancati, E. Brancati, A. Maresca, MET and LUISS

Global Value Chains Diffusion, Governance and Upgrading Process: Evidence From Italy

A. Bramucci, A. Zanfei, University of Urbino

The Governance of Offshoring and Its Effects Home. The Role of Codetermination in The International Organization of German Firms

B. Potì, G. Cerulli, CERIS-National Council of Research

Firm Investment Sensitivity to Cash Flow, Liquidity Constraints and The Evidences From a Public Subsidy Dose-response Model.

M. Duenas, M. Campi, Universidad de Bogotà Jorge Tadeo & Scuola Superiore St. Anna

Intellectual Property Rights and International Trade of Agricultural Products


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LUISS Università “Guido Carli”

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