The Institute of Economics carries out research and training activities in the field of empirical and theoretical economics with a special focus on the economics of innovation and technical change.
The main lines of research include:
- The economics of innovation studying how innovations are generated and their impact at the micro, meso and macro levels
- The empirics and theory of industrial dynamics, with emphasis on the relation between firm financial profiles and industrial performance
- Micro and macro agent-based models, with particular attention to the patterns of economic change driven by the introduction and diffusion of new technologies
- Empirical network analysis of micro and macroeconomic networks, especially finance, trade, foreign direct investment, migration and mobility
- The connection between intellectual property rights and inventive and creative activities
Other research areas include:
- Individual, organizational and collective decisions beyond the rational choice paradigm
- Evolutionary foundations of macro-economics
- Evolutionary finance
- Economic history with a special focus on long run growth and major economic discontinuities
- Industrial and technological policies in industrialized and developing countries
- Applied statistics and econometrics
- Political, social and economic consequences of climate change
Our Institute welcomes and favours dialogue between empirical investigations, theoretical developments and normative contributions - concerning both corporate management and public policies - offering an interdisciplinary environment in which different research interests and competencies, ranging from Economics and Economic History, to Statistics, Physics, Information Sciences and Management meet and can be fruitfully integrated.
Despite its small size, the Institute has achieved important results in terms of research output, which place it in second place in the ranking of Economics Departments of Italian universities according to the latest report published by the Italian Agency for Research Evaluation (ANVUR), and in the top 5% among European economic institutions (cf. The RePEc rankings).
Our researchers are active and broadly connected members of international research and policy networks, through participation in various national and international projects as well as policy initiatives.
In 2018 the Institute was also awarded the prestigious grant of “Department of Excellence” in the area of Economics by the Italian Ministry of University and Scientific Research. The overarching goal of this department – EmbeDS Economics and Management in the era of Data Science – is to bring Economics and Management in the era of Data Science, leveraging data and tools to bridge the gaps that still exist between complex models, their empirical validation, and their use in policy.
Historically, most of the research activities have been undertaken within the LEM - Laboratory of Economics and Management. Now all research and training activities have been taken over by the Institute, but LEM still keeps its brand name on a prestigious Working Paper Series.
A new study published on the prestigious journal Nature Climate Change highlights how climate-related damages impact on the stability of the global banking system. The paper has been co-authored by an international team of researchers from the CMCC Foundation, RFF-CMCC European Institute on Economics and the Environment (EIEE), Scuola Sant’Anna, Bocconi University and Politecnico di Milano (Italy)
In the last 50 years, the economic impact of extreme events has grown considerably, driven by substantial increases in the damage caused by each of these disasters. It can be estimated that in any given year a single catastrophic event costs about 26 million dollars more than in the previous year
Producing new knowledge is an increasingly complex endeavor. How do scientists decide on what topics to focus their work? A team of researchers affiliated with the Sant’Anna School (the Scuola Superiore Sant’Anna), the Scuola Normale Superiore, the University of Bologna and the Pennsylvania State University addressed this question analyzing data on over three decades of publications (from 1977 to 2009) by a very large sample of physicists. Their results published in the journal Scientific Reports
The socio-economic consequences of the Covid-19 pandemic @GROWINPRO
Modelling, empirics and policy designs
A major conference organised within the activities of the GROWINPRO project, dedicated to the analyses of the socio-economic consequences of the COVID-19 pandemic and to the policy tools that governments need in order to address them.