Sergio Destefanis

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This paper provides a Kaldorian interpretation for empirical regularities of productivity growth at the sectoral level of the economy. The statistical evidence is based on a data set drawn from internationally compatible time series for employment and value added in thirty developing countries. Based on novel nonlinear statistical techniques the findings(More)
Most popular explanations cannot fully account for the declining trend of U.S. reported well-being during the last thirty years. We test the hypothesis that the relationship between social capital and happiness at the individual level accounts for what is left unexplained by previous research. We provide three main findings. First, several indicators of(More)
We study the relationship between hours worked and technology during the postwar period in the US. We show that the responses of hours to technological improvements have increased over time, and that the patterns captured by the SVAR are consistent with those obtained from an RBC model with a less than unitary elasticity of substitution between capital and(More)
The claim that "skilled immigration is welcome" is often associated to the increasing adoption of selective immigration policies. I study the voting over differentiated immigration policies in a two-country, three-factor general equilibrium model where there exist skilled and unskilled workers, migration decisions are endogenous, enforcing immigration(More)
While the debate over the relationship between austerity and growth in Europe has been lively and intense, systematic and rigours empirical analysis has remained underdeveloped. With this econometric study of a panel of European countries and the US from 2010 to 2015, we have sought to fill this gap. In particular, our study is organised as a ”test” of the(More)
Most popular explanations cannot fully account for the declining trend of US happiness during the last thirty years. We test if the relationship between social capital and happiness at the individual level may account for what is left unexplained by previous research. We provide three findings. First, several indicators of social capital are significantly(More)
A New Regional Geography of Europe? The Labour Market Impact of the EU Enlargements This paper provides a critical overview and a detailed research agenda for scholars interested in regional studies with a special focus on old and new European Union member states. The focus is on the microeconomic foundations of structural change and its spatially(More)
This paper derives and estimates a model where durable and non-durable consumption are allowed to be nonseparable in utility and individuals face a convex adjustment cost whenever they want to purchase a new durable good. Subjective expectations data allow to identify and estimate the marginal propensity to consume out of permanent shocks, which is a key(More)