Antonio Focacci

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• Degree in Economics
• Researcher at University of Bologna

The COVID-19 pandemic, the Russia–Ukraine and the Israel–Hamas conflicts, and the resulting global economic shocks will affect the world economy for several years. This paper analyzes and discusses monetary finance (MF) using the Quantity Theory of Money (QTM) to understand economic dynamics. To achieve this goal, we utilize a Structural Vector Aut...

This paper contributes to the debate on the re-appraisal of monetization mechanism as a possible tool for dealing with macroeconomic imbalances due to close economic shocks (e.g. the Covid pandemic, the Russia-Ukraine conflict and the escalation in Israel-Hamas crisis). We analyze and empirically discuss the well-known Quantity Theory of Money (QTM...

The existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most controversial and fascinating theories about economic cycles. This paper analyses both the original Kondr...

Purpose The purpose of this stud is to analyze the financialization effect on oil prices. Design/methodology/approach This study applied the technique of multibreak point analysis with Bai and Perron test plus VAR methodology. Findings Findings revealed that there was no effect on oil prices. Originality/value To the best of the author’s knowled...

2023 vol 17 issue 3 pages 347-366

The ongoing COVID-19 pandemic and the resulting global economic crisis will affect the different Countries' fiscal balances also rising several concerns about the survival of many economic sectors and their business models. In addition to the private sector, the public sector will surely experience high levels in deficits and overall debt. In the p...

The Net Present Value (NPV) within the Discounted Cash-Flow (DCF) framework is the preferred theoretical method at the academic level for dealing with capital budgeting problems. However, despite an elegant form and an undeniable technical allure in its Capital Asset Pricing Model (CAPM) version, a large number of situations raise serious concerns...

Purpose The purpose of this paper is to investigate whether management strategies implemented by non-commercial traders may be identified as a key factor in affecting oil price paths in the conventional pre- and post-financialization periods. Design/methodology/approach By using a vector autoregressive approach the dynamic analysis of the daily st...

Current COVID-19 pandemic and deriving global economic contraction will stress the most developed Countries’ fiscal frameworks raising several concerns about the real and effective possibilities to deal with all issues. The magnitude of the resulting shock will surely affect the fiscal deficit and public debt in the majority of them. In the present...

Investigation of economic data is often a posterior analysis. Clearly, among applied techniques the main difference is between methods able to (reasonably) capture past issues in inherent modeling approach or not. In the present contribution, a quite recent multibreakpoint analysis of time series is proposed with the aim to overcome traditional con...

New institutional players entered the futures markets with additional important capital inflows from 2000s onwards. Generally labeled by the term financialisa¬tion of commodity markets, integration between traditional financial assets and futures markets raised several concerns for potential spillover effects on commodity price levels and return vo...

Investment analysis is extensively taught in universities and/or business schools all over the world. Moreover, it constitutes a distinctive background in skilled practitioners/consultants know-how when facing financial appraisal of long-term economic decisions. As well-known, currently the most academically preferred theoretical method for capital...

Current financialization process involving commodity markets spurred controversial issues among policy-makers, practitioners and scholars about spillover effects on the price levels, and inherent consequences on the whole economy. In this debate, it is possible to distinguish between two basic and different positions. On one side are “financializat...

The aim of the present paper is, without any pretension of to be exhaustive, to propose a business analytics contribution in the elaboration of a reliable and accurate assessment of firm’s costs function for decision purposes. As a matter of fact, the analyst/consultant, the entrepreneur itself or also the manager has not always the possibility to...

Over the past two decades increasing transformations involving the commodities pricing mechanisms jointly with relevant innovations introduced in financial markets spurred controversial issues both among policy-makers, practitioners and scholars about resulting overall effects on the economy. Common explanations advocated by experts are focused on...

Analytical techniques usually employed in making project selection decisions are of strictly financial origin and, traditionally, tend to consider projects as separate entities from undertaking organizations. This fact underestimates potential negative (and pervasive) outcomes considering that binding constraints affect the whole organization in fu...

Rapid technological change is ever more characterizing today’s markets and business decisions. Such a situation is to afford with complex tools not always available to all firms. This holds true, especially as far as Small and Medium Enterprises (SMEs) are concerned. Traditional and consolidated techniques are based on financial methods and tend to...

The question of the validity of the “so called” Kondratieff's theory of long waves has been a well-known controversial issue among historians, economic, social and political science scholars. In this work, the author analyses its consistency and cycles general framework investigating both original Kondratieff's data (never processed by harmonic ana...

The progressive commitment towards a more sustainable model of current civil/economic societies has come to prominence, both in industrialised and developing countries. This paradigm encounters widespread acceptance encompassing the forms of external communication and the evaluation of specific business performances not just related to merely econo...

Solar energy is a fascinating promise for the future of world economies considering both the progressive depletion of natural fossil fuels and the environmental impact of their massive utilisation in energy conversion systems.After an outlook of more evident techno-economic, environmental and social issues related to photovoltaic (PV) sector, the p...

As a direct consequence of the new Basel 2 Accord for banking and Solvency 2 for insurance, the financial services industry is searching for the development of new quantitative approaches in order to evaluate operational credit risks more effectively. Starting from these premises, this paper develops a method to assess credit risks consisting of a...

Purpose – The main purpose of the paper is to propose an empirical analysis of the relationship between total consumption of different key metals (aluminium, copper, lead, nickel, tin and zinc) and per capita income of some important developing countries (Brazil, China and India) today present in the international scenario with very different persp...

The main aim of the paper is to propose an analysis involving prices and technical features of cars in order to obtain an empirical model revealing firms' behaviours in the marketplace. Such a type of approach seems justified by the fact that both of these variables (prices and technical specifications) are the uniquely available and fully appraisa...

The current tendency towards product differentiation in many fields of manufacturing is generally considered to be a positive phenomenon. What we have attempted to do here is to verify the real degree of diversification that exists within the computer industry, by means of the measurement of global performance for the most widely spread models, cal...

This paper proposes an empirical analysis concerning the environmental and energy policies of some important developing countries (Brazil, China and India) today present in the international scenario with very different features than in the past. The research is carried out using two of the most important macroeconomic indicators several times prop...

In this article, the authors point out main problems and perspectives related to the implementation of the Kyoto Protocol in Italy. After a brief and general introduction for explaining main concerns and institutional frameworks involved in the development of international procedures suitable to deal with the problem at a global level, the status o...

This paper carries out a study of the interrelation between total consumption-GDP ratio of different key metals (aluminium, copper, lead, nickel, tin and zinc) and per capita income investigating if the environmental Kuznets' curve (EKC) could be considered – in empirical terms – as a possible explanatory model of past and current trends. Such an a...

In the present paper we are aiming to establish how the price of the most important durable goods, in Italy as well as in other industrialised countries, has changed, over time, in relation to the per-capita average income, in order to identify trends and causes. The observed trends have been reconfirmed through the elaboration of the ratio between...

The current tendency towards product differentiation in many areas of manufacturing is generally considered to be a positive phenomenon. What we have attempted to do here is to analyse the real degree of diversification that exists within the vehicles industry (in the case of all those models of cars, scooters and motorcycles for which we managed t...

The current tendency towards product differentiation in many areas of manufacturing is generally considered to be extremely positive. What we have attempted to do here is to verify the real degree of diversification that exists, by means of the measurement of the global performance of the most important household appliances, calculated using techni...

This article underlines the main implications of the interrelations between the energy problem and that of environmental pollution, using the most widely used macroeconomic indicators in the field of policy analysis. In fact, carbon dioxide (CO2) emission intensity and energy intensity trends may be used to highlight the most important features of...

In this present work, the authors, after a brief survey of current economic theories of non-renewable resources, propose an alternative mechanism for ore pricing that is consistent with sustainable development. Technological change, technological pluralism, costs and environmental issues are the main benchmarks of the present discussion. The are pr...

Current tendency towards an increase in the number and type of functional features of goods, caused both by needs linked to new quality concepts and enterprises' diversification options, offers new measurement, control and assessing problems. Such a situation determines a progressive transformation of traditional connoting characteristics of manufa...

In this work the authors, after a brief outlook concerning the markets of main energy commodities, propose an alternative mechanism for fuel pricing consisted with a sustainable development. Technological change and technological pluralism, costs and environmental issues are the benchmarks of the discussion developed. The two mechanisms here propos...

New forms of traditional energy resources management have to be utilized if sustainable development is to be achieved, given the difficulties and resistance encountered in developing and adopting innovative solutions within those energy sectors characterized by low substitution elasticity (both short- and long-term), especially with reference to fi...

In this article the authors provide a quantitative definition of evolutionary materials using some different parameters. Attention has been paid about this question, from a technical, commercial and political point of view, but quantitative parameters have never been utilized. Our proposal, based on previous research work, takes into consideration...