Economic Policy in Complex Environments (EPOC)

Many of the main challenges Europe currently faces, like mitigating climate change, fostering a transition to a low-carbon economy, or governing the development, diffusion of new technologies are difficult to deal with because of their dynamic complex nature. The Innovative Training Network EPOC aims at advancing the state-of-the-art and the applicability of computationally intensive methods for decision and policy analysis in such complex and uncertain environments. Particular focus will be on the application of such methods in the domains of climate change and innovation. 

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Global value chains and exports: between growth, development and local resilience

This project aims at exploring - from a meso and macro perspective - the following issues:
1. The ways in which different structures of the GVC shape the transmission mechanism of shocks;
2. The role of financial institutions as a mitigating or accelerating factor in the transmission mechanism of events along the GVC, and therefore, on the territory;
3. How GVCs can be re-designed to make countries/regions more resilient to shock, mitigate the macroeconomic fluctuations they transmit and boost their contribution to growth
and development.
The main scope of the project is to help stakeholders in identifying the areas, sectors, policies to be adopted with the aim of a more sustainable development and a more resilient territory.
Funding: Fondazione Cassa di Risparmio di Pistoia e Pescia.

Firms' resilience in a competitive environment

The project aims to identify the characteristics at firm, sector and province level, which can explain the greater (or lesser) resilience of these economic actors. In particular, at the firm level it should be declined not only in terms of increase in turnover, but also in terms of the probability of survival of the companies.
Funding: Fondazione Cassa di Risparmio di Pistoia e Pescia.