IDEAS home Printed from https://ideas.repec.org/a/psl/pslqrr/202135.html

The European industrial challenge and the Italian NRRP

Author

Listed:
  • Paolo Maranzano

    (University of Bergamo, Italy)

  • Mario Noera

    (Bocconi University, Italy)

  • Roberto Romano

    (CGIL Lombardia (Milan), Italy)

Abstract

This paper investigates the consistency of the Italian National Recovery and Resilience Plan with the economic and industrial policy objectives outlined in the “Next Generation EU” plan and the European Commission’s New European Industrial Policy. We analyze official policy documents in order to highlight some macroeconomic impact indicators with respect to the mission-based allocation of European and national financial resources. The New European Industrial Strategy is particularly challenging; industrial objectives outline a structural challenge capable of reshaping much of the industrial structure and strengthening critical value chains, especially in key sectors. Such an economic challenge requires clear strategic priorities in order to guide the economic transition. In this context, the Italian plan is particularly relevant since it brings together the largest share of European resources. The essay analyzes in detail the allocation of resources of the Italian NRRP, which—while formally adhering to the European guidelines—fails to address the priorities outlined by the EU-wide industrial strategy.

Suggested Citation

  • Paolo Maranzano & Mario Noera & Roberto Romano, 2021. "The European industrial challenge and the Italian NRRP," PSL Quarterly Review, Economia civile, vol. 74(298), pages 207-218.
    • Handle: RePEc:psl:pslqrr:2021:35
    as

    Download full text from publisher

    File URL: https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17576/16745
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mariana Mazzucato, 2018. "Mission-oriented innovation policies: challenges and opportunities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 803-815.
    2. Scazzieri, Roberto, 2018. "Structural dynamics and evolutionary change," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 52-58.
    3. Rosa Canelli & Giuseppe Fontana & Riccardo Realfonzo & Marco Veronese Passarella, 2021. "Are EU Policies Effective to Tackle the Covid-19 Crisis? The Case of Italy," Review of Political Economy, Taylor & Francis Journals, vol. 33(3), pages 432-461, July.
    4. Emanuela Ciapanna & Sauro Mocetti & Alessandro Notarpietro, 2020. "The effects of structural reforms: Evidence from Italy," Temi di discussione (Economic working papers) 1303, Bank of Italy, Economic Research and International Relations Area.
    5. Francesca D'Auria & Andrea Pagano & Marco Ratto & Janos Varga, 2009. "A comparison of structural reform scenarios across the EU member states - Simulation-based analysis using the QUEST model with endogenous growth," European Economy - Economic Papers 2008 - 2015 392, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Bańkowski, Krzysztof & Ferdinandusse, Marien & Hauptmeier, Sebastian & Jacquinot, Pascal & Valenta, Vilém, 2021. "The macroeconomic impact of the Next Generation EU instrument on the euro area," Occasional Paper Series 255, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Angela Pilogallo & Lucia Saganeiti & Lorena Fiorini, 2025. "Deep Dive into the Recovery Fund: A (Real) Chance for Inner Areas? The Abruzzo Region Study Case, Italy," Sustainability, MDPI, vol. 17(19), pages 1-17, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maranzano, Paolo & Pelagatti, Matteo, 2025. "A Hodrick–Prescott filter with automatically selected breaks," Economic Modelling, Elsevier, vol. 150(C).
    2. Maranzano, Paolo & Pelagatti, Matteo, 2024. "A Hodrick-Prescott filter with automatically selected jumps," FEEM Working Papers 344134, Fondazione Eni Enrico Mattei (FEEM).
    3. Ferrannini, Andrea & Barbieri, Elisa & Biggeri, Mario & Di Tommaso, Marco R., 2021. "Industrial policy for sustainable human development in the post-Covid19 era," World Development, Elsevier, vol. 137(C).
    4. Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Libero Monteforte, 2013. "IGEM: a Dynamic General Equilibrium Model for Italy," Working Papers 4, Department of the Treasury, Ministry of the Economy and of Finance.
    5. Janssen, Matthijs J. & Abbasiharofteh, Milad, 2022. "Boundary spanning R&D collaboration: Key enabling technologies and missions as alleviators of proximity effects?," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    6. Ademuyiwa A. Lawal, 2021. "A Comparative Analysis of Innovative Automobile Policy on Employment in Nigeria and China," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(09), pages 679-686, September.
    7. Di Bartolomeo, Giovanni & D'Imperio, Paolo & Felici, Francesco, 2022. "The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis," Journal of Macroeconomics, Elsevier, vol. 73(C).
    8. Alje van Dam & Koen Frenken, 2020. "Vertical vs. Horizontal Policy in a Capabilities Model of Economic Development," Papers in Evolutionary Economic Geography (PEEG) 2037, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2020.
    9. Allen, Darcy W.E. & Berg, Chris & Markey-Towler, Brendan & Novak, Mikayla & Potts, Jason, 2020. "Blockchain and the evolution of institutional technologies: Implications for innovation policy," Research Policy, Elsevier, vol. 49(1).
    10. Canelli, Rosa & Fontana, Giuseppe & Realfonzo, Riccardo & Passarella, Marco Veronese, 2024. "Energy crisis, economic growth and public finance in Italy," Energy Economics, Elsevier, vol. 132(C).
    11. Caravella, Serenella & Crespi, Francesco & Cucignatto, Giacomo & Guarascio, Dario, 2023. "Technological Sovereignty and Strategic Dependencies: The case of the Photovoltaic Supply Chain," GLO Discussion Paper Series 1330, Global Labor Organization (GLO).
    12. Francesco Zezza, 2024. "Fiscal and Monetary Policy in an SFC Model of the Italian Economy," Economics Working Paper Archive wp_1063, Levy Economics Institute.
    13. Suarsana, Laura & Schneider, Tina & Warsewa, Günter, 2023. "Do regional innovation strategies meet societal challenges? A comparative analysis across regions in Belgium, Germany, Netherlands and Finland," Schriftenreihe Institut Arbeit und Wirtschaft 40/2023, Institut Arbeit und Wirtschaft (IAW), Universität Bremen und Arbeitnehmerkammer Bremen.
    14. Gasperin, Simone, 2022. "Lessons from the past for 21st century systems of state-owned enterprises: The case of Italy's IRI in the 1930s," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 599-612.
    15. Md Saifur Rahman & Md Faisal Abedin Khan & Lukas Giessen, 2024. "Analysing policy changes for achieving sustainable development goals: Insights from forest, environment and climate change action plan in Bangladesh," Natural Resources Forum, Blackwell Publishing, vol. 48(2), pages 508-524, May.
    16. Llopis, Oscar & D'Este, Pablo & McKelvey, Maureen & Yegros, Alfredo, 2022. "Navigating multiple logics: Legitimacy and the quest for societal impact in science," Technovation, Elsevier, vol. 110(C).
    17. Andrea Coveri & Claudio Cozza & Dario Guarascio, 2025. "Blurring Boundaries: An Analysis of the Digital Platforms-Military Nexus," Review of Political Economy, Taylor & Francis Journals, vol. 37(4), pages 1632-1663, August.
    18. Malte Jütting, 2020. "Exploring Mission-Oriented Innovation Ecosystems for Sustainability: Towards a Literature-Based Typology," Sustainability, MDPI, vol. 12(16), pages 1-28, August.
    19. Paola Perez-Aleman & Tommaso Ferretti, 2023. "Creating innovation capabilities for improving global health: Inventing technology for neglected tropical diseases in Brazil," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 84-114, March.
    20. Garcia-Macia, Daniel & Korosteleva, Julia, 2025. "Tracing productivity growth channels in the UK," Research Policy, Elsevier, vol. 54(1).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

    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:psl:pslqrr:2021:35. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    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.