The Eurozone Crisis: Institutional Setting, Structural Vulnerability, and Policies

The unfolding of the crisis in the Eurozone can be explained by the interaction of institutional features and policy failures, and by their interconnection with real and financial imbalances. The crisis has shown that internal divergence in the EZ is based on important structural components which are unsustainable in the long run. Indeed, the crisis has magnified the gap between the vulnerable peripheral member countries and a more resilient core. The paper analyses those factors that opened the way to the diffusion of the financial and economic crisis in the Eurozone. It also discusses the structural consequences of these events and critically analyses the institutional and political reforms which the Eurozone is facing in order to enhance its capability to cope with external shocks.Eurozone; European Union; European Monetary Union; euro; Common fiscal parameters; Real convergence; Productivity

Organizing for innovation: R&D projects, activities and partners

We explore how R&D project characteristics condition the governance of an R&D project and its individual activities. Prior literature has tried to understand the factors - both at the industry and at the firm level - that influence the way in which firms partner for innovation. In this paper, through the analysis of detailed data from a subsidiary of STMicroelectronics, we identify the main drivers of partner selection for innovation. Partnering or contracting with universities for innovation is common practice for developing new -original- knowledge, as opposed to applying existing knowledge to a problem. But firms are more reluctant to partner, especially with other firms, when that knowledge directly enhances their competitiveness. However, conditional on cooperation, partners are more likely to act individually when the project is strategically important. Contracting for innovation to universities or research centers, as opposed to partnering, happens for more experimental projects, where highly original knowledge is developed, and typically early on in the project.Innovation strategy; Technological innovation; R&D projects' organization; Partner selection;

Transport and energy in India. Energy used by Indian transport systems and consequent emissions: the need for quantitative analyses (Well-to-Wheel, Lifecycle)

The purpose of this work is, at first, a general overview on the state-of-art of the transportation system in India outlining the related energy consumption, for the different transport modes, with consequent estimated emissions. These elements are essential for the preparation of a high-level strategic transport planning on the whole energy issue, to help India in the choices of most suitable transportation systems, according to the well-to-wheel analysis (WTW). Pursuing a WTW global index for India that takes into account both the energy and environmental aspects on a uniform basis is an important aim: it allows the best choices to be made as well as enabling the comparison between some of the most important powertrain and fuel options on the Indian market, the results are discussed from three different points of view: energy, environmental and economic impac

The organization and performance evaluation of R&D projects in a dynamic environment

Faster technological development, shorter product life-cycles, and more intense global competition have transformed the current competitive environment for most firms. This new competitive landscape forces organizations to actively acquire knowledge, as a firm's competitive advantage is now more dependent on continuous knowledge development and enhancement. Therefore, knowledge has become a central theme in strategic management. Against this background, we argue that the knowledge characteristics of R&D projects are fundamental variables to explain governance decisions. Drawing upon the case of STMicroelectronics, we provide evidence that partnering or contracting with universities for innovation is common practice for developing new -original- knowledge, as opposed to applying existing knowledge, for solving a problem. However, the firm is more reluctant to partner, especially with another firm, when this knowledge directly enhances its competitiveness. Moreover, we find that R&D project performance is a bi-dimensional construct. One dimension picks up project efficacy and immediate benefits, while the other includes learning and long-term benefits. Though spanning firm boundaries for innovation does not seem to have appreciable effects on perceived project efficiency, it nonetheless brings about intertemporal benefits related to learning and capabilities development. In a dynamic environment, building knowledge may be more important than protecting it. Thus, an open innovation process may be an exceptionally effective way to build and develop the firm's technological future.Innovation strategy; R&D projects' organization; R&D projects' performance; open innovation;

Possible solutions for a transport system compliant with the energy supply and the environment: measurable analyses

The development of the circulating fleet, infrastructures and personal mobility, which have significantly marked the second half of the last century in Europe, show today some conditioning: saturation of the land, limitedness of the energy resource, release within the environment of gases and combustible materials, maintenance of the existing infrastructures, safety, relationships among people. The proposed presentation gathers and synthesizes, at first, a general framing on the role and impact of the transport systems in the general energy consumption and the consequent emissions. These elements are essential for a clearer understanding of where and how much energy efficiency can impact the different transport modes and provide the ground for some general considerations on the energy demand in the transport systems. A perspective on consequent engines and motor vehicles is provided thereafter. Secondly, the presentation proposes some solutions, motivated and based on the WTW (well-to-wheel) analysis and data, that can be prospected in the present changing economy, including some main proposals concerning energy production in urban contexts, as an alternative to oil import, and the consequent most proper propulsion or traction for motor vehicles. A reference is made also to the Directive 2009/33/EC of the European Parliament and of the Council on the promotion of clean and energy-efficient road transport vehicles and related alternative fuel

The evolution of transport systems and related energy use in Europe, India and the world: new needs, migration towards "ITS" through telematics and a technological overview of ITS

Congress "EBTC Transport Flagship Mission to India" - Delhi, 201