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The Socio-Economic Impact of Public Policies in the Space Sector in Italy

Author

Listed:
  • Massimo FLORIO

    (Department of Economics, Management, and Quantitative Methods, University of Milan (Italy))

  • Paolo CASTELNOVO

    (Department of Economics, Management, and Quantitative Methods, University of Milan (Italy))

  • Veronica LUPI

    (Department of Economics, Management, and Quantitative Methods, University of Milan (Italy))

  • Valentina MORRETTA

    (Department of Economics, Management, and Quantitative Methods, University of Milan (Italy))

  • Davide VURCHIO

    (Department of Economics and Finance, University of Bari “Aldo Moro†(Italy))

  • Lorenzo ZIRULIA

    (Department of Economics, Management, and Quantitative Methods, University of Milan (Italy))

  • Simonetta DI CIACCIO

    (Italian Space Agency (Italy))

  • Mauro PIERMARIA

    (Italian Space Agency (Italy))

Abstract

The purpose of this work is assessing the impact of the Italian Space Agency (ASI) on the innovation and performance of the Italian space system. Based on descriptive evidence from three surveys and econometric analysis using balance-sheet, patent and scientometric data, we find that, when considering upstream companies and downstream intermediate users in the field of Earth observation (EO) as a whole, the socio-economic benefit – taxpayer cost ratio is higher than 1, and is particularly high in the downstream EO sector. As regards the upstream sector, the econometric analysis shows a significant effect of procurement on economic performance and innovation. Also for the downstream sector (companies and research centres), descriptive evidence from the surveys shows a positive effect of EO data on economic performance and innovation. Finally, we observe a significant impact of ASI also on scientific productivity.

Suggested Citation

  • Massimo FLORIO & Paolo CASTELNOVO & Veronica LUPI & Valentina MORRETTA & Davide VURCHIO & Lorenzo ZIRULIA & Simonetta DI CIACCIO & Mauro PIERMARIA, 2022. "The Socio-Economic Impact of Public Policies in the Space Sector in Italy," CIRIEC Working Papers 2201, CIRIEC - Université de Liège.
    • Handle: RePEc:crc:wpaper:2201
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    More about this item

    Keywords

    space industry; Earth observation; socio-economic impact;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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