University of Milan Bicocca Department of Economics最新文献

Project Aid and Firm Performance 项目援助与企业绩效

University of Milan Bicocca Department of Economics Pub Date : 2021-09-02 DOI: 10.2139/ssrn.3921495

S. Marchesi, T. Masi, S. Paul

引用次数: 4

Estimating the Ex-ante and the Ex-post Effects of Chinese Outward FDI 中国对外直接投资的事前和事后效应评估

University of Milan Bicocca Department of Economics Pub Date : 2021-05-31 DOI: 10.1111/TWEC.13161

D. Baiardi, V. Gattai, Piergiovanna Natale

引用次数: 4

Cover Effects on Citations Uncovered: Evidence from Nature 被揭露引文的覆盖效应:来自自然的证据

University of Milan Bicocca Department of Economics Pub Date : 2019-10-01 DOI: 10.2139/ssrn.3474233

P. Battiston, P. Sacco, L. Stanca

引用次数: 2

Populism, the Backlash Against Ruling Politicians and the Possible Malfunctioning of Representative Democracy 民粹主义、对执政人士的反弹和代议制民主可能出现的失灵

University of Milan Bicocca Department of Economics Pub Date : 2019-08-01 DOI: 10.2139/ssrn.3438897

M. Gilli, Elena Manzoni

{"title":"Populism, the Backlash Against Ruling Politicians and the Possible Malfunctioning of Representative Democracy","authors":"M. Gilli, Elena Manzoni","doi":"10.2139/ssrn.3438897","DOIUrl":"https://doi.org/10.2139/ssrn.3438897","url":null,"abstract":"The aim of this paper is to investigate the links between lack of trust in ruling politicians and the functioning of a representative democracy. Within a standard principal-agent model of democracy, we show how lack of trust by citizens as reflected by passive beliefs updating may lead to the malfunctioning of representative democracy. We highlight how de facto accountability crucially depends on out-of-equilibrium beliefs, and that this is indeed descriptive of a substantive feature of public opinion that affects the functioning of democracy. Specifically, we show that effective accountability needs more than simple retrospective voting, as it requires voters to believe in the existence of good politicians that always choose according to voters’ interests, so that a deviation from bad policies can happen only because the leader is congruent. In this case, the unique equilibrium is an efficient one that maximizes voters’ welfare. However, if, on the other hand, the citizens share an overall lack of trust in ruling elites, then there is another inefficient equilibrium, where even the congruent politician behaves badly because of the adverse but rational voters’ behavior. This inefficient equilibrium does not depend on fake news or on distorted beliefs or, again, on voters’ heterogeneous preferences, since the voters' perfectly observe the quality of the policy implemented by the government, are fully rational and share the same interests. This result might contribute to explain the increasing negative perceptions on the working of democracy as due to a self-fulfilling equilibrium.","PeriodicalId":415063,"journal":{"name":"University of Milan Bicocca Department of Economics","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128707547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does Social Context Affect Poverty? The Role of Religious Congregations 社会背景会影响贫困吗?宗教团体的作用

University of Milan Bicocca Department of Economics Pub Date : 2019-06-01 DOI: 10.2139/ssrn.3398438

A. Poggi

引用次数: 0

Activating Women Cognitive Abilities: Impact of a Financial Literacy Pilot Program in India 激活女性认知能力:印度金融素养试点项目的影响

University of Milan Bicocca Department of Economics Pub Date : 2019-05-01 DOI: 10.2139/ssrn.3396881

L. dalla Pellegrina, Giorgio Di Maio, P. Landoni, Beatrice Rama

{"title":"Activating Women Cognitive Abilities: Impact of a Financial Literacy Pilot Program in India","authors":"L. dalla Pellegrina, Giorgio Di Maio, P. Landoni, Beatrice Rama","doi":"10.2139/ssrn.3396881","DOIUrl":"https://doi.org/10.2139/ssrn.3396881","url":null,"abstract":"This study is based on a randomized control trial (RCT) aimed at understanding the effectiveness of a financial literacy pilot program conducted in 2014-2016 at the Institute for Indian Mother and Child, a non-profit microfinance institution based near Kolkata. Significant impacts are revealed in terms of improvements in saving accumulation and punctuality in the repayment of the loan instalments for borrowers belonging to the treated group, compared to the group of borrowers who did not participated to the program. In particular, positive contribution emerges from the evolution of both the cognitive skills and the level of financial knowledge developed by the beneficiaries during the training program. Estimates provide evidence that enhancing cognitive abilities turn out to be strongly beneficial in fostering the accumulation savings, whereas financial principles also had an (although weaker) impact on stimulating a more timely reimbursement of the instalments. We conclude that the financial literacy pilot program has significantly activated women cognitive abilities, giving them the opportunity to apply them both in the course and in their businesses.","PeriodicalId":415063,"journal":{"name":"University of Milan Bicocca Department of Economics","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127822173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regularized Semiparametric Estimation of High Dimensional Dynamic Conditional Covariance Matrices 高维动态条件协方差矩阵的正则半参数估计

University of Milan Bicocca Department of Economics Pub Date : 2019-04-01 DOI: 10.2139/ssrn.3190500

C. Morana

引用次数: 5

Solidarity and Eﬃciency in Preference Aggregation: A Tale of Two Rules 偏好聚合中的团结与效率:两个规则的故事

University of Milan Bicocca Department of Economics Pub Date : 2018-11-15 DOI: 10.2139/ssrn.3285105

Stergios Athanasoglou

引用次数: 0

Existence, Multiplicity and Dynamic Complexity in an OLG Model with Fiscal Policy and Debt 考虑财政政策和债务的OLG模型的存在性、多重性和动态复杂性

University of Milan Bicocca Department of Economics Pub Date : 2018-07-28 DOI: 10.2139/ssrn.3222152

L. Cerboni Baiardi, A. Naimzada

引用次数: 0

Political Regimes and the Determinants of Terrorism and Counter-Terrorism 政治制度与恐怖主义和反恐的决定因素

University of Milan Bicocca Department of Economics Pub Date : 2018-07-16 DOI: 10.2139/ssrn.3214601

Nicola Brugali, P. Buonanno, M. Gilli

{"title":"Political Regimes and the Determinants of Terrorism and Counter-Terrorism","authors":"Nicola Brugali, P. Buonanno, M. Gilli","doi":"10.2139/ssrn.3214601","DOIUrl":"https://doi.org/10.2139/ssrn.3214601","url":null,"abstract":"Why do some democratic governments react weakly to terrorism, while apparently similar regimes react harshly? More generally, what are the determinants of governments' reaction to terrorism? And, what are the determinants of terrorism and of its dynamic? In this paper we focus on domestic terrorism and counter-terrorism as affected by economic development, political heterogeneity, citizens' human capital, and government accountability and responsiveness. The empirical research has not reached a consensus on the socioeconomic determinants of terrorism. A possible explanation is that observable data may depend on hidden causal links that are not simply caught by standard regressions. In this paper we argue that terrorism activities are endogenous to the governments' counter-terrorism choices, which in turn does depend on political and socioeconomic factors. Our basic point is that both causes and consequences of terror can only be understood in terms of strategic interaction among political actors, primarily government and citizens. We propose a model that considers human capital, economic development, political heterogeneity, government responsiveness and accountability as possible factors influencing terrorism and the government's response. We show that the game has three possible equilibrium outcomes, uniquely determined by our parameters: a Strong Regime characterized by no terrorism, high counter-terrorism and increasing protests, a Flexible Regime characterized by low terrorism which increase or decrease according to the random reaction of the government, and a Permissive Regime characterized by terrorism activity, no counter-terrorism and no protests. We also show that it is possible for a democratic regime to repress harshly and for an autocratic polity to be permissive.","PeriodicalId":415063,"journal":{"name":"University of Milan Bicocca Department of Economics","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132003479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0