Believing in Conspiracy Theories: Evidence from an Exploratory Analysis of Italian Survey Data

Beliefs in conspiracy theories have attracted significant international media attention in recent years. This phenomenon has been studied in the US but while anecdotal evidence suggests it is also widespread among the Italian public, little evidence has been collected to assess it empirically. Using data from a 2016 survey, this pioneering study of the Italian case investigates the extent of diffusion of conspiracy theories among Italians and tests several hypotheses concerning individual determinants. The paper finds that conspiracism is indeed widely diffused in Italy. It is negatively associated with education and positively with religiosity, while no correlation is found with political trust. Beliefs in conspiracies are also related to rightwing orientation and support for the populist Five Star Movement.     

The cliometrics of academic chairs. Scientific knowledge and economic growth: the evidence across the Italian Regions 1900–1959

The paper elaborates and tests two hypotheses. First, that knowledge is not a homogeneous activity, but rather a bundle of highly differentiated disciplines that have different characteristics, both in terms of generation and exploitation, that bear a differentiated impact on economic growth. Advances in scientific knowledge that can be converted into technological knowledge with high levels of fungibility, appropriability, cumulability and complementarity have a higher chance to affect economic growth. Second, that academic chairs are a reliable indicator of the amount and types of knowledge being generated by the academic system. Hence the analysis of the evolution of the academic chairs of an academic system is a promising area of investigation. In this paper the exploration of the evolution of the size and the disciplinary composition of the stock of academic chairs in five Italian macro-regions in the years 1900–1959 provides an opportunity to understand the contribution of scientific knowledge to economic growth in each regional system. The econometric analysis confirms that advances in engineering and chemistry, as proxied by the number of chairs, had much a stronger effect on the regional economic growth than advances in other scientific fields. These results have important implications for research policy, as they highlight the differences in the economic effects of academic disciplines, and for the economics of science, as they support the hypothesis that academic chairs can be used as reliable indicators of on-going research activities in the different types of scientific knowledge.     

Diffusion as a Process of Creative Adoption

This paper elaborates an integrated framework for understanding diffusion as a process of creative adoptions in the business sector. Within the context of the economics of localized technological change, adoption is viewed as a complementary component of a broader process of adjusting the technology when unexpected events in the product and factor markets push firms towards a creative reaction. When the stock of adoptions exerts a suitable combined effect both on the gross profitability of adoption and on the costs of adoption, such that the net profitability of adoption and hence the rates of new adoption follow a quadratic path, the dynamics of creative adoption can engender a S-shaped diffusion process.     

Youth and active citizenship in Turkey: engagement,participation and emancipation

This article critically discusses the establishment of active citizenship in Turkey with a specific focus on young people. In particular, we concentrate on the emergence of different strategies regarding civic and political participation in Turkey, by looking at their relationship with civic and political engagement. The scope is to focus on the influence that various factors have in determining patterns of participation. The research and relative results are based on the narratives inherent to two opposite scenarios – that we defined constraints to engagement and participation and patterns of emancipation – that emerged during the interviews with youth activists of NGOs in Turkey.     

The generation and exploitation of technological change: market value and total factor productivity

In this paper we articulate and test the hypothesis that TFP is a reliable and relevant measure of firm’s innovation capabilities, and, as such, accounts for Tobin’s q indicator. With this aim, we investigate empirically the relationship between firm level total factor productivity and the Tobin’s q. Measuring Tobin’s q allows inferring the actual value of knowledge capital from stock market valuation. We use a panel of companies listed on UK and the main continental Europe financial markets (Germany, France and Italy) for the period 1995–2005. Our results confirm that TFP is a reliable indicator of firm’s innovative capabilities. When we control for firm’s R&D investments and intangible assets, the effects of TFP on market value remain highly significant. This suggests that TFP is a broader measure of innovation capability than R&D is. The validation of the Tobin’s q and TFP relationship has important implications concerning firm’s technological innovation measurement.     

The new economics of the university: a knowledge governance approach

University is becoming a cornerstone of the new emerging mode of governance of the generation and dissemination of knowledge as it reveals remarkable institutional advantages both in providing a solution to the knowledge trade-off and in reducing agency costs. The typical academic labor relationship emerges as an appropriate institutional device to handle the principal-agent problems when creative talents are required. The unique quasi-hierarchical setup of the academic system creates a supply of certified skills that are ready to operate on a professional basis. Such academic consultants can be paid on an ex-post per job basis matching only their variable costs. This supply leads to the creation of a specific market for research services where the demand is provided by the knowledge outsourcing of corporations. For this system to work effectively the non-exclusivity of intellectual property rights on the results of the research performed under contract is necessary. Non-exclusivity in academic employment relations should parallel non-exclusivity in knowledge ownership.

A Schumpeterian growth model: wealth and directed technological change

This paper explores the effects of the accumulation of savings on the creative reaction of firms, the search for technological congruence and the direction of technological change with a Schumpeterian model of endogenous growth. The model shows how the accumulation of wealth accounts for the reduction of the relative user cost of capital and activates, with proper levels of knowledge governance, the creative reaction of firms, search for higher levels of technological congruence and the introduction of directed technological change with higher levels of capital intensity. The dynamics of accumulation of wealth and induced technological change accounts the self-sustained increase of total factor productivity.