A Quantitative Evaluation of INDUSTRIA 4.0 Through Simulation of QUEST III Italia - Clio Ciaschini - Vita e Pensiero - Articolo Rivista internazionale di Scienze Sociali

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

newdigital A Quantitative Evaluation of INDUSTRIA 4.0
Through Simulation of QUEST III Italia
Article
Journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
Issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2022 - 3
Title A Quantitative Evaluation of INDUSTRIA 4.0 Through Simulation of QUEST III Italia
Author
Publisher Vita e Pensiero
Format Article | Pdf
Online da 11-2022
Doi 10.26350/000518_000100
Issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

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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.

keywords

INDUSTRIA 4.0, QUEST III, R&D spillover of knowledge, DSGE, Skill-biased technical change, Wage premium.

Author biography

Clio Ciaschini, Università Politecnica delle Marche, Ancona. Email: c.ciaschini@staff.univpm.it.

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