Séminaire COURNOT – Federico PERALI (Université de Vérone)

Détails de l'événement :

Titre : The Economic and Environmental Impacts of the Recovery Investment Plan in the Italian province of Taranto

Résumé : This paper analyzes the socioeconomic and environmental impacts of an exogenous public-financed increases in infrastructure investments and modernization projects (CIS) of around EUR 1097 billion for the 2021-2026 period on industrial outputs, household employment and income distribution, in the Italian province of Taranto using an environmentally extended Social Accounting Matrix (ESAM) techniques for the year 2015. The method that we propose reconciles the analysis of the impact of an investment project on a local economy, accompanied by an in-depth evaluation on the backward and forward intersectoral production linkages through trade and multiplier analysis, with the cost-benefit analysis of a large-scale investment project. The evaluation of the impacts on the local economy produces a benefit/cost ratio of 5.63 that increases to 7.88 when the cost/benefit analysis of the project, and therefore the revenues generated during the operational period, are also included. The inclusion of environmental externalities reduces by about 16% the benefit/cost ratio in the construction period. In the operational period, when we assume that green production technologies are adopted, the reduction of the ratio is more consistent. The distributive impact on households’ income is also acceptably equitable. Further research is needed to measure to what extent the reduction in the incidence of pollution related pathologies during the operation period effectively improves the health status of the Taranto citizens.

Lieu du séminaire : ZOOM

Lien ZOOM : https://us02web.zoom.us/j/84397926899?pwd=T3Zmc3F0Q2N4TDdVL2UvejZpbllwUT09

Agenda des séminaires : https://www.beta-economics.fr//seminaires-cournot-2021-2022/