REGULATION AND INVESTMENT

We use newly assembled data on regulation in several sectors of many OECD countries to provide evidence that regulatory reform of product markets is associated with an increase in investment. A component of reform that plays a very important role is entry liberalization, but privatization also has a substantial effect on investment. Sensitivity analysis suggests that our results are robust. (JEL: E22, L5)     

Tests for cointegration rank and choice of the alternative

This paper discusses likelihood-ratio (LR) tests on the cointegrating (CI) rank which consider any possible dimension of the CI rank under the alternative. The trace test and lambda-max test are obtained as special cases. Limit quantiles for all the tests in the class are derived. It is found that any of these tests can be used to construct an estimator of the CI rank, with no differences in asymptotic properties when the alternative is fixed. The properties of the class of tests are investigated by local asymptotic analysis, a simulation study and an empirical illustration. It is found that all the tests in the class have comparable power, which deteriorates substantially as the number of random walks increases. Tests constructed for a specific class of alternatives present minor power gains for alternatives in the class, and require the alternative to be far from the null. No test in this class is found to be asymptotically (in-)admissible. Some of the new tests in the class can also be arranged to give a constrained estimator of the CI rank, that restricts the minimum number of common trends. The power gains that these tests can obtain by constraining the minimum number of common trends appears to be limited and outweighted by the risk of inconsistency induced by the constrains. As a consequence, no value of the CI rank should be left untested, unless it can be excluded beyond any reasonable doubt.     

The hydropolitical challenges of domestic water conservation. Palestine and Tunisia case studies

Southern Mediterranean area, particularly the Middle East and North Africa (MENA), has been facing social, economic, environmental and political challenges related to the water scarcity and quality. Within the European SWMED project, a socio-economic survey was conducted in Palestine and Tunisia, in order to explore the water conditions, and the social and economic situations of local families. The article illustrates the research design and implementation, as well as the main results that were used to select the appropriate sustainable water management solutions to respond to the hydropolitical issues. Due to the huge use of water in agriculture and the difficulty of reducing the water consumption in this sector, fostering tools for domestic water saving may be a winning strategy for facing water scarcity in MENA region.     

Unexplored dimensions of discrimination in Europe: homosexuality and physical appearance

We study labor-market discrimination of individuals with “specific” characteristics in Italy. We conduct a field experiment in two Italian cities: Rome and Milan, by sending “fake” CVs to real ads. We find that there is a strong penalty for homosexuals, i.e., about 30 % less chance to be called back compared to a heterosexual male and even more so if they are highly skilled. On the other hand, we find no penalty for homosexual females. We also find a beauty premium for females only but this premium is much lower when the “pretty” woman is skilled.     

The Role of Secularism of State on the Relationship Between Catholic Identity,Political Orientation,and Gay Rights Issues

In discussions of regulations governing same-sex marriage and adoption by gays and lesbians, the issue of state secularism is often called into question. This study aims to test the mediating effects of state secularism on the relationship between Catholic identity, political orientation, and gay civil rights. Participants were Catholic Italians who completed a questionnaire measuring the constructs under investigation. Results showed that state secularism mediates the effects of Catholic identity and political orientation on attitudes toward same-sex marriage and adoption by gays and lesbians.     

The relevance of educational poverty in Europe: Determinants and remedies

This paper explores the degree of educational poverty in European countries using data from OECD Programme for International Student Assessment (PISA). This research adopts the class of additive multidimensional poverty measures proposed by Alkire & Foster (2011) and investigates the degree of educational poverty in terms of incidence, breadth, depth and severity. Also, we analyse the impact of students’ characteristics and school-level factors on the probability of being educational poor in various learning dimensions. The findings reveal that between 2006 and 2015 the incidence of educational poverty became more relevant in many European countries, while most of them experienced a reduction of poverty depth and severity. Therefore, several policy scenarios are simulated in order to highlight the school factors that can be activate to alleviate the risk of educational poverty in the European countries that experienced the highest incidence of educational poor student.     

Conservation and enhancement of the green infrastructure as a nature-based solution for Rome’s sustainable development

Urban Ecosystems - Three quarters of the European population live in urban areas, which is expected to increase to over 80% by 2050. The well-being of urban citizens appears to be closely linked to...     

PARENTS KNOW THEM BETTER: THE EFFECT OF OPTIONAL EARLY ENTRY ON PUPILS' SCHOOLING ATTAINMENT

The effect of optional early school entry on pupils' educational outcomes is investigated using data covering the entire population of Italian primary school students and exploiting exogenous thresholds imposed by norms regulating first enrollment. Results highlight the fact that pupils whose parents can choose when their children start school perform better than those who are bounded by terms imposed by law. These findings suggest that parental choice leads to a better match between pupils' characteristics and the beginning of formal learning. Results show that giving parents the option to anticipate or delay school entry could be a beneficial measure. (JEL I20, H52)     

From the manifestations of culture to the underlying sensemaking process. The contribution of semiotic cultural psychology theory to the interpretation of socio-political scenario

Several explanations of the current syndrome affecting advanced democracies make reference to a process of cultural change that has been triggered by the complex and interrelated phenomena known as globalization. The rise of populist-authoritarian parties, the advent of post-truth politics and the increasing dissatisfaction with democracy are seen by many political scientists as rather direct consequences of social and economic transformations which had changed the context in which the democratic process takes place. The main limitation of this literature is that it treats culture as a black box receiving inputs from the social context and translate them into political consequences. By doing so it cannot explain why the same conditions produce different consequences in different contexts and it is silent on the criteria to develop anti-crisis policies. This article argues that some of the insights offered by the Semiotic Cultural Psychology Theory, most notably the idea that cultural evolution is moved by the need to find affect-laden, simplified interpretations of the reality to restore the capacity of making sense on an uncertain socio-political context, can enhance the ability of political scientists to understand the current political phenomena and to develop methodological criteria to counteract the current scenario of democratic crisis.     

Product defects are not created equal: prioritizing production process improvements

Abstract

Despite manufacturers’ efforts to improve quality, customers frequently experience product defects. Based on expectation confirmation theory, hypotheses concerning the effects of experiencing product defects on overall quality perceptions and loyalty to the product manufacturer have been developed and tested. Our results show that experiencing product defects related to performance, ease of use, prestige and versatility damages overall quality perceptions and decrease customer loyalty to the product manufacturer, either fully or partially mediated through overall quality perceptions. Contrary to frequent claims in the literature, experiencing even a single product defect per quality dimension damages customers’ quality perceptions. Furthermore, different types of product defect damage customer perceptions of product quality and loyalty to the manufacturer differently. Building on these results, we develop a defect typology and a portfolio visualization that allows operations managers to prioritize production process improvements.