Fabio Cerina

• Economics, Bocconi University
• Professor (Associate) at University of Cagliari

This paper presents a theoretical and empirical investigation of the relation- ship between human capital composition and economic growth and points to the importance of tertiary education in the explanation of growth for developing countries. From the theoretical point of view, we depart from previous literature and allow for non-constant returns...

This paper presents a New Economic Geography model of structural change, agglomeration and growth. Assuming a non-homothetic preference structure, our results show that a progressive reduction of trade costs allows the economy to pass from a pre-industrialized to an industrialized stage and then, within the latter, from a dispersed to an urbanized...

We investigate the effect of trade integration on welfare both at the country and at the aggregate level in a two-country model with national and multinational firms and asymmetry in firms’ ownership. If the share of profits owned by a country is small (large) enough, then trade integration always reduces (increases) country’s welfare. By contrast,...

According to NEG literature (Baldwin et al. (2004)), spatial concentration of industrial activities increases growth at the regional and aggregate level without generating regional growth differentials. This view is not supported by the data. We extend the canonical model with an additional sector pro- ducing non-tradable goods which benefits from...

We document the emergence of spatial polarization in the U.S. during the 1980-2008 period. This phenomenon is characterised by stronger employment polarization in larger cities, both at the occupational and the worker level. We quantitatively evaluate the role of technology in generating these patterns by constructing and calibrating a spatial equi...

We document that U.S. employment polarization in the 1980–2017 period is largely generated by women. In addition, we provide evidence that the increase of employment shares at the bottom of the skill distribution is generated in market sectors producing services representing home production substitutes. We use a calibrated macroeconomic model to sh...

This paper quantitatively assesses the negative impact of land discontinuity on the development of a railway network on an island. This implicit cost of insularity is because an insular railway network only serves the territory in which it is located while the same network on a mainland also serves other regions. We apply this idea to the case of a...

We investigate the relationship between the quality of politicians, defined in terms of their competence (skills), and rewards from public office in a game between parties and citizens in which parties play a crucial role in the selection of politicians. Parties shape the selection of politicians by manipulating information about the quality of the...

We document that U.S. employment polarization in the 1980-2008 period is largely generated by women. Female employment shares increase both at the bottom and at the top of the skill distribution, generating the typical U-shape polarization graph, while male employment shares decrease in a more similar fashion along the whole skill distribution. We...

I build a dynamic general equilibrium model of a small economy spe- cialized in tourism where visitors are attracted by the stock of existing environmental assets, and the stock of tourism and leisure facilities. Resid- ents, at any date, choose the level of consumption, the number of visitors, and the quantity of resources to be devoted to abateme...

We develop a New Economic Geography and Growth model which ,by using a CES utility function in the second-stage optimization problem, allows for expenditure shares in industrial goods to be endogenously determined. The implications of our generalization are quite relevant. In particular, we obtain the following novel results: (1) two additional non...

The paper aims to propose a formalization of the concept of ceteris paribus (CP) by means of a dynamic model. The basic result of the analysis is that the CP clause may assume essentially different meanings according to (1) the kind of variables assumed to be 'frozen' and (2) the length of the time horizon. It is then possible to distinguish, respe...

According to NEG literature (Baldwin et al. (2004)), spatial concentration of industrial activities increases growth at the regional and aggregate level without generating regional growth differentials. This view is not supported by the data. We extend the canonical model with an additional sector producing non-tradable goods which benefits from lo...

We build a growth model in which tourism development generates pollution while tourists are pollution adverse. We establish that long run positive growth exists only for a particular value of tourists pollution adversion. Furthermore, we show that an intensive use of facilities is associated with a lower growth rate for destinations specialized in...

This study focuses on the dynamic behaviour of a small open economy specialized in tourism based on natural resources. The author analyses the steady-state properties in two scenarios, with and without public abatement expenditures, and a unique local saddle-point equilibrium is found for both cases. The analysis of the dynamics provides an alterna...

This study focuses on the dynamic behaviour of a small open economy specialized in tourism based on natural resources when tourist services are supplied to foreign tourists who are crowding-averse and care for the environment. We analyse the steady-state properties of the model and a unique locally saddle-point equilibrium is found for both the mar...

This study focuses on the dynamic evolution of a small open economy specialized in tourism based on natural resources when tourist services are supplied to foreign tourists who are crowding-averse and give positive value to the environmental quality. We analyse the steady-state properties and run several policy exercises in two versions of our mode...

This chapter is divided into two parts. In the first part we review the main results of a typical "New Economic Geography and Growth" (NEGG) model (Baldwin and Martin, 2003) and assess the contribution of this literature to the issue of long-run income gaps between countries. In the second part we discuss the robustness in some results of these mod...

”We need more time: more time for leisure” Linton Kwesi Jonhson used to dub. Indeed, the analysis of an OLG economy with endogenous labor supply gives some rational to the dub poet’s claims. In our setting, the golden rule is defined as the pair of capital-labour ratio and individual labour supply which maximises the steady state utility of each ge...

Dinamica e ceteris paribus in una economia marshalliana (di Fabio Cerina) - ABSTRACT: The paper aims to propose an innovative interpretation of the concept of ceteris paribus (CP) within Marshall’s economics. The concept of CP is analysed by means of a dynamical model in which the relevant premises and the methodological peculiarities of Marshall’s...

A well-established result in the New Economic Geography and Growth literature (Martin (1999), Baldwin et al. (2001) among others) is the ex- istence of a trade-obetween dynamic e¢ ciency (aggregate real growth) and static equity (regional income levels). More precisely, when knowl- edge spillovers are localized, aggregate growth is faster when econ...