On the Italian public accounts' sustainability: A wavelet approach

Magazzino, Cosimo; Forte, Francesco; Giolli, Lorenzo

doi:10.1002/ijfe.2184

Cited by 22 publications

(20 citation statements)

References 57 publications

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“…2022) nations,Magazzino and Giolli (2021) andMagazzino et al (2022) documented similar results.Moreover, in the long-term, positive (negative) shifts in RMP decrease (increase) GHG emissions in the Nordic nations. This implies that a 1% positive shift in RMP contributes to a 0.0892% decrease in GHG emissions while 1% negative shift in RMP contributes to a 0.1258% upsurge in GHG emissions in the Nordic nation.…”

supporting

confidence: 53%

Are green resource productivity and environmental technologies the face of environmental sustainability in the Nordic region?

Alola

Adebayo

2022

Sustainable Development

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This study examines whether the raw material productivity, export intensification, and environmental-related technologies in the Nordic region (i.e., Denmark, Finland, Iceland, Norway, and Sweden) drives the region's carbon neutrality target. By adopting both symmetric and asymmetric empirical approaches over the period 1990-2019, the study found that positive and negative shifts in environmental-related technologies mitigates greenhouse gas (GHG) emissions in the region with the former causing a larger impact. Furthermore, the findings reveal that a positive shift in raw material productivity mitigates GHG emissions while a negative shift in raw material productivity causes a surge in GHG emissions especially in the long-run. Moreover, a positive (negative) shift in export intensity yields a decline (upsurge) in GHG emissions in the long-run. In the symmetric framework, in both long-and short-run, the result reveals that economic growth upsurges GHG emissions while raw material productivity for green growth and environmental-related technologies mitigates GHG emissions. This demonstrates the efficient raw material productivity profile of the Nordic countries. Alongside the Granger causality inference, the result further informs that energy intensity is crucial to curbing GHG emissions in the region. Thus, the result from the study offers relevant policy instructions.

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supporting

confidence: 53%

Are green resource productivity and environmental technologies the face of environmental sustainability in the Nordic region?

Alola

Adebayo

2022

Sustainable Development

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“…Finally, mixed results are due to Vanhorebeek and Van Rompuy (1995), Papadopoulos and Sidiropoulos (1999), Uctum and Wickens (2000), Bravo and Silvestre (2002), Kollias and Paleologou (2006), Afonso and Rault (2010), Ahmad and Fanelli (2014), Mercan (2014), and Brady and Magazzino (2017). Futher details are shown by Molnár (2012), Magazzino and Lepore (2015), Forte and Magazzino (2016), Brady and Magazzino (2018b), and Magazzino et al (2020).…”

Section: Empirical Literaturementioning

confidence: 99%

A Dynamic Factor and Neural Networks Analysis of the Co-movement of Public Revenues in the EMU

Magazzino

Mele

2021

Ital Econ J

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This paper shows that the co-movement of public revenues in the European Monetary Union (EMU) is driven by an unobserved common factor. Our empirical analysis uses yearly data covering the period 1970–2014 for 12 selected EMU member countries. We have found that this common component has a significant impact on public revenues in the majority of the countries. We highlight this common pattern in a dynamic factor model (DFM). Since this factor is unobservable, it is difficult to agree on what it represents. We argue that the latent factor that emerges from the two different empirical approaches used might have a composite nature, being the result of both the more general convergence of the economic cycles of the countries in the area and the increasingly better tuned tax structure. However, the original aspect of our paper is the use of a back-propagation neural networks (BPNN)-DF model to test the results of the time-series. At the level of computer programming, the results obtained represent the first empirical demonstration of the latent factor’s presence.

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“…In this context, the positive judgment formulated in the framework of bilateral surveillance and an overall assessment from which no elements of the fragility of the national economy emerge does not matter. In particular, the arrangement cannot be signed if the requesting member also presents only one of the following conditions of vulnerability: the impossibility of accessing the capital markets; the adoption of broad macroeconomic and structural adjustment policies to correct external imbalances, even only potential ones; unsustainable public debt in the medium term; widespread bankruptcy conditions in the banking sector (Magazzino et al, 2020;Magazzino and Mutascu, 2019;Brady and Magazzino, 2019;Brady and Magazzino, 2018a, 2018b, 2017a, 2017bIMF, 2015).…”

Section: The Reform Of the Financial Assistance Functionmentioning

confidence: 99%

The global financial crisis and its effects on the international monetary funds

Magazzino

Mele

2022

Brazil. J. Polit. Econ.

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This paper aims to analyze the innovations introduced in the functions of the International Monetary Fund in the context of the 2008 economic and financial crisis. This promoted an action that aimed to strengthen the surveillance function through the adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based on an a posteriori implementation of adequate economic policies, a criterion of ex ante conditionality in the precautionary branches was also introduced or based on the economic characteristics of the country to be financed. Concerning traditional conditionality, it will be asked whether the IMF has adopted a less extensive approach than its role.

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On the Italian public accounts' sustainability: A wavelet approach

Cited by 22 publications

References 57 publications

Are green resource productivity and environmental technologies the face of environmental sustainability in the Nordic region?

Are green resource productivity and environmental technologies the face of environmental sustainability in the Nordic region?

A Dynamic Factor and Neural Networks Analysis of the Co-movement of Public Revenues in the EMU

The global financial crisis and its effects on the international monetary funds

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