IDEAS home Printed from https://ideas.repec.org/a/vep/journl/y2022v130i3p251-292.html
   My bibliography  Save this article

A Quantitative Evaluation of INDUSTRIA 4.0 Through Simulation of QUEST III Italia

Author

Listed:
  • Clio Ciaschini

    (Università Politecnica delle Marche, Ancona)

Abstract

This paper provides a quantitative macroeconomic evaluation of the national INDUSTRIA 4.0 plan, the set of Industry 4.0 policy measures implemented by the Italian government. The evaluation is performed using the European Commission’s endogenous growth model QUEST III with R&D, adapted to Italy. Innovation of process- and skill-biased technical change characterizes the fourth industrial revolution and determines human capital formation and the spillover of knowledge accumulation. A set of model parameters and variants has been determined, and four policy scenarios are taken into account under two denominations: Innovative Investments and Skill Achievements. The Italian economy persists in its path of around zero growth, on which it has been for a while. The main results highlight a decade of weak growth, without strong innovation policy interventions, and a low profile and precarious outcomes on the labour side.

Suggested Citation

  • Clio Ciaschini, 2022. "A Quantitative Evaluation of INDUSTRIA 4.0 Through Simulation of QUEST III Italia," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 130(3), pages 251-292.
    • Handle: RePEc:vep:journl:y:2022:v:130:i:3:p:251-292
    as

    Download full text from publisher

    File URL: https://riss.vitaepensiero.it/scheda-articolo_digital/clio-ciaschini/a-quantitative-evaluation-of-industria-40through-simulation-of-quest-iii-italia-000518_2022_0003_0251-394609.htmlFile-Restriction:Yes
    Download Restriction: Yes
    ---><---

    More about this item

    Keywords

    INDUSTRIA 4.0; QUEST III; R&D spillover of knowledge; DSGE; Skill-biased technical change; Wage premium;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vep:journl:y:2022:v:130:i:3:p:251-292. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vep - Vita e Pensiero (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.