Giuseppe Garofalo Academic profile He’s Full Professor of Political economy at the faculty of Economics of Tuscia University in Viterbo (Italy) and member of the Department of Economics and Management (Deim) since 2001. [Web site: http://www.unitus.it/dipartimenti/distateq/garofalo/index.html ] Previously he taught as Associated professor of Political economy at “Sapienza” University in Rome (1988-2001) and as Associated professor of Monetary economics at the University of Cassino (1984-1988). He began his career as Assistant professor at “Sapienza” University in Rome and, earlier, as training researcher at the University of Ancona. Now he works also at: the faculties of Engineering of “Bio-medical Campus” University in Rome; the faculty of Economics of “Sapienza” University in Rome [Web site: http://www.dipecodir.it/docenti/index.php?page=Home&idutente=37]; the European Ph.D. in Socio-Economic and Statistical Studies of “Sapienza” University in Rome; Master of "Public economics" of “Sapienza” University in Rome; Master in "Financial and business analyst in the fims’internationalization" of Bocconi University in Milan, “Sapienza” University in Rome and Simest. He’s chair of Scientific research Commission at the Tuscia University. Research activity He's been director of many, either individual or joint, researches financed by the Ministry of University and Research and the National research council (CNR). He carried out research activity also at the Commission of Economic policy of National council of economics and labour (CNEL) and at Formez. Referee for italian and international journals (besides American Economic Review, Italian Economic Journal, Review of economic policy, Applied financial economics, B.E. Journal of Theoretical Economics), for McGraw-Hill, and for Ministry of University and ResearchCineca. His main fields of specialisation include: - technical progress effects on growth and productive specialization; - structure of economic models; - analysis of financial system and functions of monetary policy; - income distribution and inequalities effects. Membership American economic association; European economic association; Italian economic society; Association for the History of Political Economy. http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=548185 http://econpapers.repec.org/RAS/pga190.htm Selected publications 1 Essays on reviews Innovative, Inclusive and Eco-Sustainable Growth in Europe: A StructuralistKeynesian Approach (joint with G.Guarini and A.Federici), “Review of economic policy”, 2, 2016 Culture, Economic Development and Social Mobility in Italy: The Territorial Imbalances (joint with G.Guarini and T.Laureti), “Cultural Economy”, 2016 R&D Cooperation in Regular Networks with Endogenous Absorptive Capacity (joint with L.Correani and S.Pugliesi), “Review of Network Economics”, 13 (2), 2014 A Virtuous Cumulative Growth Circle among Innovation, Inclusion and Sustainability? A Structuralist-Keynesian Analysis with an Application on Europe (joint with G.Guarini, A.Federici), Université de Nice Sophia Antipolis - Gredeg Working paper, n. 39, 2014 Financial Capital and Industrial Capital: A Dichotomy that Tends to Evolve into an Antinomy (joint with G.Guarini), “European Journal of Economic and Social Systems”, n. 12, 2014 Irreducible Complexities: From Gödel and Turing to the Paradigm of Imperfect Knowledge Economics, “Quality and Quantity”, DOI: 10.1007/s11135-013-9967-5, n. 6 , 2014 Firms Networks, Innovation and Strategic Factors in Internationalization Process (joint with A.Moschetti e S.Pugliesi), “Italian Economy”, n. 3, 2013 Economic Interactions and Social Tolerance: A Dynamic Perspective (joint with R.Cerqueti and L.Correani), accepted by “Economics Letters”, n. 120, 2013, DOI 10.1016/j.econlet.2013.05.032 Interest Rate in an “Econom-Ethic” Perspective, “International review of social sciences”, n. 4, 2012 Electoral Abstaining Forecasts: A Model of Voters’ Attendance (joint with S.Pugliesi), “Review of economic policy”, n. 1-3, 2013 The Chicago School after the Crisis of the New Millenium (joint with P.Fetoni), “Quality and Quantity”, vol. 47, 2013, 677-711, doi: 10.1007/s11135-011-9539-5 The Optimal Level of Collaboration in Regular R&D Networks (joint with L.Correani e S.Pugliesi), “Journal of Game Theory”, vol.1, No.5, December 2012 Complementary Innovative Strategies: An Analysis on Italian Firms (joint with A.Moschetti), “Economy, Firm and Financial Markets”, n. 2, 2011 «Silete, jurists» vs «Silete, economists»: Towards an Integrated Economic and Legal Approach, “Review of economic policy”, n. 7-9, 2011 Growth and Social Capital: An Evolutionary Model (joint with L. Correani and F.Di Dio), “Quality and Quantity”, Volume 45, Issue 1 (2011), 173-186, DOI: 10.1007/s11135-0109363-3 The Evolutionary Dynamics of Tolerance (in collaborazione con L.Correani e F.Di Dio), “Theoretical and Practical Research in Economic Fields”, Volume I, Issue 2, Winter 2010 The Financing of R&D Investments: Effects on Growth and Financial Structure (joint with P.Morganti), “Journal of Applied Economic Sciences”, Volume V, Issue 2(12), Summer 2010 A Return to Fundamentals: Fausto Vicarelli’s Thought on Finance v. Growth and Efficiency v. Stability in the Financial System (joint with C.Gnesutta), “Italian Review of Economists – The Journal of the Italian Economic Association”, n. 1, 2010 [earlier version of this paper were presented al the Storep (Association for the History of Political Economy) Conference (Florence, 2009) and the 50th scientific meeting of the Sie (Italian economic society), Rome, 2009] Chaotic Paths in the Tourism Industry (joint with L.Correani), “Political economy. Journal of analytical and institutional economics”, n. 1, 2010 2 Inter-firm Coordination: the Role of R&D Consortia (joint with L.Correani and E.Neri), “L’Industria”, n. 1, 2009 International Technology Gap and Technology Transmission: the Policy Implications (joint with C.P.Parello), “Political economy. Journal of analytical and institutional economics”, n. 2, 2007 Asset Price Dynamics in a Financial Market with Heterogeneous Trading Strategies and Time Delays (joint with A.Sansone), “Physica A. Statistical Mechanics and its Applications”, vol. 382 (1), 2007 Economists in Italy in the 1950s, 1960s and 1970s, “Political economy. Journal of analytical and institutional economics”, n. 3, 2005 Obituary of Massimo Finoia, “Italian review of Economists – The Journal of the Italian Economic Association”, n. 3, 2001 From “growth with debt” to “debt deflation”. The present cyclical situation in a historical perspective (joint with L.Gambacorta), “Economy & Labour”, n. 1, 1995 The Tobin-tax (joint with L.Gambacorta), “Review of economic policy”, March 1994 The italian trade cycle in the 1970s, “Economy & Labour”, n. 2, 1989 From “financial way to growth” to growth centred on finance: reflections on firms financial policy, “L’Industria”, n. 2, 1988 From rationality hypothesis to money neutrality, “Economic notes”, n. 5-6, 1986 Interdependence and causal process in the monetary analysis, “Economic studies”, n. 28, 1986 The international inflation, “Economic notes”, n. 4, 1982 Measurement of technical progress: a review of literature and of the researches pertinent to the Italian economy, “Review of economic policy”, August-September 1978 Technical progress, investments and productive structure, “Politics and Economics”, n. 1-2, 1978 Books (as a author or editor) Networking: The propensity of firms to cooperation in a local context (joint with Silvia Pugliesi), Narcissus Academy, 2014 Homo oeconomicus? Entrepeneurial dynamics in laboratory (joint with F.Sabatini), Bologna, Il Mulino, 2008 Capitalism of industrial districts, fims localism, globalization, Florence, Florence University Press, 2007 Rules and economy: the intermittent transition between recovery politics and european integration in the XII legislature (joint with V.Atripaldi, C.Gnesutta, P.F.Lotito e R.Miccù), Padua, Cedam, 2006 [The book is been reviewed on: “Law and Culture” (nn. 1-2, 2005)] The economists training in Italy (1950-1975) (joint with A.Graziani), [book sponsored by Italian economic society], Bologna, Il Mulino, 2004 [The book is been reviewed on: “Italian economy” (n. 1, 2004); “La Stampa” (April 21, 2004); “Il Sole 24 ore” (June 20, 2004); "The Agrarian Question" (n. 3, 2004); "Journal of Public Finance and Public Choice" (n. 1-2, 2005)] One money in Europe: growth and finance (joint with M.De Cecco), Rome, Donzelli, 2002 Distribution, redistribution and growth: the effects of distributive inequalities (joint with A.Pedone), Milan, F.Angeli, 2000 [The book is been reviewed on: “Il Sole 24 ore” (August 27, 2000); "Italian economy" (n. 3, 2001)] Rules and economy: the institutional transition in the XI legislature (joint with V.Atripaldi, C.Gnesutta e P.F.Lotito), Padua, Cedam, 1998 3 The dynamics of financial systems. The financial crises in relation to the state of economic activity, Naples, ESI, 1995 [The book is been reviewed on: “Review of economic policy” (July-August 1996) e “Il Sole 24 ore” (November 5, 1995)] Political economy. Intermediate course, Turin, Giappichelli, 19941, 19982 [revised edition] [The book is been reviewed on: “Review of economic policy” (March 1999) e “Money and credit” (n. 202, 1998)] The microfoundations of the keynesian theory. The effects of informative asymmetries (joint with F.Quintiliani), Naples, ESI, 1994 Equilibrium, rationality and causality. Researches on the foundation of economic theory, Milan, F.Angeli, 19901, 19922 [The book is been reviewed on: “Economic notes” (n. 2, 1991); “Economic review” (n. 1, 1992); “Review of economic policy” (March 1991); “Economy & Labour” (n. 4, 1990); “International review of economic and business studies” (n. 5-6, 1992); “Il Sole 24 ore” (November 11, 1990)] The financial structure: institutional and theoretical aspects, Rome, Sapienza Press, 1987 Books (as a contributor) Luigi Einaudi and Federico Caffè: Outlines of a Social Policy for Good Governance, in P.Heritier and P.Silvestri, Good Government, Governance, Human Complexity. Luigi Einaudi’s Legacy and Contemporary Societies, Firenze, Leo S. Olschki, 2012 Economics and Law [«Silete, iureconsulti» vs «Silete, economisti»], in AA.VV., Studies in Honour of Vincenzo Atripaldi, Naples, Jovene, 2010 Luigi Einaudi and Federico Caffè: Features of a Social Policy for a Good Governance, in N.Acocella (ed.), Einaudi, Scholar, Statesman, Governor, Rome, Carocci, 2010 Boundary lines: economics vs. social sciences; economics vs. experimental sciences, in G.Garofalo and F.Sabatini (eds.), Homo oeconomicus…, cit. The reference frame of growth in the analyzed system, in G.Garofalo e F.Sabatini (eds.), Homo oeconomicus…, cit. Stimuli to social capital accumulation and to trust implementation, in G.Garofalo e F.Sabatini (eds.), Homo oeconomicus…, cit. Localism, small size, competitiveness of the Italian productive apparatus, in G.Garofalo (ed.), Capitalism of industrial…, cit. The credibility/non credibility in the policy activity: an analytical approach with references to experience of 1994-96 biennium, in V.Atripaldi, G.Garofalo, C.Gnesutta, P.F.Lotito e R.Miccù (eds.), Rules and economy: the intermittent transition…, cit. Massimo Finoia, an economist and historian of economic doctrines, in P.Bini e C.Mazziotta (eds.), Essays on development economics, culture economics and history of economic doctrines, Milan, F.Angeli, 2004 Interactions between monetary and fiscal authorities and definition of institutional lines in EMU: an application of games theory (joint with D.Di Gioacchino), in G.C.Romagnoli (ed.), National supremacy and regionalization, Milan, F.Angeli, 2003 Financial processes, role of monetary policy and the transfer of monetary supremacy: a methodological contribution, in M.De Cecco e G.Garofalo (eds.), One money…, cit. The inequalities in income distribution and wealth distribution, in G.Garofalo e A.Pedone (eds.), Distribution,…, cit. Financial recovery, linking to Europe and reform of Welfare state. The experience of 1992’94 biennium, in V.Atripaldi, G.Garofalo, C.Gnesutta e P.F.Lotito (eds.), “Rules and economy: the institutional transition in XI legislature”, cit. 4 The financial rents, in F.Marzano (ed.), “Differentials and rents in the income functional distribution”, Rome, Sapienza Press, 1996 [The book is been reviewed on: “Review of economic policy” (issue III, 1998)] Bonds and outlooks of European integration for the Italian financial system, in A.Murolo (ed.), “Monetary unification, credit systems and regional disequilibria”, Turin, Giappichelli, 1996 Dynamics of economic systems and dynamics of financial systems: an analysis at G7 level (joint with L.Gambacorta), in G.Garofalo (ed.), “The dynamics of financial systems ”, cit. The contribution of financial analyses, in G.Garofalo (ed.), “The dynamics of financial systems”, cit. Financial questions of economic cycle (joint with L.Gambacorta), in F.R.Pizzuti (ed.), “The evolution of the Italian economy from presence at EMS to nowadays”, Milan, McGraw-Hill, 1994 Financing of investments and monetary policy, in F.Marzano (ed.), “Investment decisions: analytical models and economic policies”, Padua, Cedam, 1993 The economic method question in the J.A.Schumpeter’s thought, in C.Filippini e P.L.Porta (eds.), “Society, development, firms. Essays on Schumpeter”, Milan, Ipsoa, 1985 A road of penetration of the keynesian theory in Italy: “L’Industria” 1945-1952, in G.Becattini (ed.), “Keynes in Italy”, Milan, Ipsoa, 1984 Changes in the demand and the structure of international trade: the case of non electric mechanics (joint with C.Antonelli), in V.Capecchi, A.Enrietti and M.Rollier (eds.), “Innovation and restructuring in the industry of machine tools”, Milan, F.Angeli, 1981 The Italian competitiveness in the industry of machine tools for metal working (joint with C.Antonelli), in P.Alessandrini (ed.), “Employment and productive capacity: international comparisons. Researches of applied economics of Ancona team”, vol. 6, “Specialization and international competitiveness in Italy”, Bologna, Il Mulino, 1978 [research developed within the CNR group for the study of economic problems of distribution, technical progress and growth] Books with also didactic aims Micro-Macro Economics. The foundations, Turin, Giappichelli, 2005 Health services: economics and management (joint with G.Citoni), Bologna, Esculapio, 20031, 20052 Institutes of political economy. Macro- and Microeconomics of first level, 2 vol., Turin, Giappichelli, 1999-2000 The models of cycle and growth. The problems of disaggregation and structure, in “Political economy 2”, vol. 6, Rende-Cs, Consortium for Open University, 1995 The monetarist model, in “Political economy 2”, vol. 4, Rende-CS, Consortium for Open University, 1994 The monetary market and the IS-LM model, in “Political economy 2”, vol. 3, Rende-CS, Consortium for Open University, 1993 Lectures of economic policy, Rome, Formez, 1981 Economics course (joint with S.Bruni), Turin, Eri-Rai Educational,19781, 19882 [revised edition] [The book - that reproduces the speaking of a television program - is been reviewed on: "Tuttolibri-La Stampa" (December 8, 1979); “Il Sole 24 ore” (March 11, 1980)] Working Papers 5 A Virtuous Cumulative Growth Circle among Innovation, Inclusion and Sustainability? A Structuralist-Keynesian Analysis with an Application on Europe (joint with G.Guarini, A.Federici), Université de Nice Sophia Antipolis - Gredeg Working paper, n. 39, 2014 The Chicago School and the Crisis of the Beginning of Millennium (joint with P.Fetoni) [The paper will be presented at VII Storep Conference, Trento, 31 May-1 June 2010] Growth and social capital: an evolutionary model (joint with L.Correani and F.Di Dio), 2009. The paper is available in University Library of Munich (Germany) MPRA Paper 17043 Asset Price Dynamics in a Financial Market with Heterogeneous Trading Strategies and Time Delays (joint with A.Sansone), “Working Paper”, Department of Public Economics of “Sapienza” University in Rome, n. 88, 2005. The paper is available in SSRN (Social science research network) and in RePEc (Research papers in economics) . [The paper was presented at 5th International Conference “Applications of Physics in Financial Analysis” (2006)] The Credibility of the Exchange Rate Regime. An Analysis through Derivatives of the September 1992 Crisis (joint with F.Barbato), “Working Paper”, Department of Public Economics of “Sapienza” University in Rome, n. 16, 1996. The paper is available in University Library of Munich (Germany) MPRA Paper n. 13360 The decisional process in financial sphere, “Discussion material”, n. 21, Department of Public Economics of “Sapienza” University in Rome, 1993 Other activities He was member of the Directive council of Carivit Foundation in Viterbo. He collaborated with the economic weekly newspaper “Mondo economico” (n. 49, 1980; n. 49, 1994; n. 12, 1995) and the economic newspaper “Il Sole 24 ore” (January 11, 1995; July 18, 2004) Citation index Publication type Bibliographical indications ISI Paper Paper Paper Garofalo, Giuseppe and Sansone, Alessandro, Asset price dynamics in a financial market with heterogeneous trading strategies and time delays, PHYSICA ASTATISTICAL MECHANICS AND ITS APPLICATIONS Volume: 382 Issue: 1 Pages: 247-257 DOI: 10.1016/j.physa.2007.02.022 Published: AUG 1 2007 Garofalo, Giuseppe and Correani, Luca, Chaotic Paths in the Tourism Industry, ECONOMIA POLITICA. Journal of analytical and institutional economics, Volume: 27 Issue: 1 Pages: 103-146 Published: APR 2010 Garofalo, Giuseppe and Fetoni, Paolo, The Chicago School after Econlit X 4 citations X 1 citation X X Scopus Repec Ssrn Google scholar X 8 citations X X X 17 citations X X X 3 citations X X X 1 citation 6 Paper Paper Volume Volume Volume Volume Paper Paper the crisis of the new millennium, QUALITY & QUANTITY Volume: 47 Issue: 2 Pages: 677-711 DOI: 10.1007/s11135-011-9539-5 Published: FEB 2013 Garofalo, Giuseppe and Correani, Luca and Di Dio, Fabio, Growth and social capital: an evolutionary model, QUALITY & QUANTITY Volume: 45 Issue: 1 Pages: 173-186 DOI: 10.1007/s11135-010-9363-3 Published: JAN 2011 Garofalo, Giuseppe and Parello, Carmelo Pierpaolo, International technology gap and technology transmission: The policy implications, ECONOMIA POLITICA. Journal of analytical and institutional economics, Volume: 24 Issue: 2 Pages: 207-231 Published: AUG 2007 Garofalo, Giuseppe, Equilibrio, razionalità, causalità. Ricerche sui fondamenti della teoria economica, Milano, F.Angeli, 19901, 19922 Garofalo, Giuseppe, Le dinamiche dei sistemi finanziari. Le crisi finanziarie in relazione all’andamento dell’attività economica, Napoli, ESI, 1995 Garofalo, Giuseppe e Graziani, Augusto, La formazione degli economisti in Italia, 1950-1975, Bologna, Il Mulino, 2004 Garofalo Giuseppe e Quintiliani, Fabio, I microfondamenti della macroeconomia keynesiana. Gli effetti delle asimmetrie informative, Napoli, ESI, 1994 Garofalo, Giuseppe and Correani, Luca and Di Dio, Fabio, The Evolutionary Dynamics of Tolerance, “Theoretical and Practical Research in Economic Fields”, Volume I, Issue 2, Winter 2010, pp. 218-30 Garofalo, Giuseppe and Correani, Luca and Cerqueti, Roy, Economic Interactions and Social Tolerance: A Dynamic Perspective, “Economics Letters”, n. 120, 2013, DOI 10.1016/j.econlet.2013.05.032 X X X X X X X 1 citation X X 58 citations X 17 citations X 12 citations X 11 citations X X X X 7 citations X 7 Paper Volume Book contribution Volume Volume Volume Paper Volume Paper Garofalo, Giuseppe and Morganti, Patrizio, The financing of R&D investments: Effects on growth and financial structure, Journal of Applied Economic Sciences 5 (2), 2010, pp. 71-94 Garofalo, Giuseppe e Sabatini, Fabio, Homo oeconomicus? Dinamiche imprenditoriali in laboratorio, Bologna, Il Mulino, 2008 Garofalo, Giuseppe e Antonelli, Cristiano, La competitività italiana nel settore delle macchine utensili per la lavorazione dei metalli, in P.Alessandrini (a c. di), “Occupazione e capacità produttive: confronti internazionali. Ricerche di economia applicata del Gruppo di Ancona”, vol. 6, “Specializzazione e competitività internazionale dell’Italia”, Bologna, Il Mulino, 1978 Garofalo, Giuseppe, Capitalismo distrettuale, localismi di impresa, globalizzazione, Firenze, Firenze University Press, 2007 Garofalo, Giuseppe e Pedone Antonio, Distribuzione, redistribuzione e crescita: gli effetti delle diseguaglianze distributive, Milano, F.Angeli, 2000 Garofalo, Giuseppe e Citoni, Guido, Servizi sanitari: economia e management (in collaborazione con G.Citoni), Bologna, Esculapio, 20031, 20052 Garofalo, Giuseppe, Gli economisti in Italia negli anni 1950-1975, “Economia politica. Journal of analytical and institutional economics”, n. 3, 2005, pp. 381-97 Garofalo Giuseppe e De Cecco, Marcello, Moneta unica europea: crescita e finanza, Roma, Donzelli, 2002 Garofalo, Giuseppe e Gnesutta, Claudio, A Return to Fundamentals: Fausto Vicarelli’s Thought on Finance v. Growth and Efficiency v. Stability in the Financial System, “Rivista italiana degli economisti – The Journal of the Italian Economic X X X 7 citations X 5 citations X 4 citations X 4 citations X 3 citations X X X 3 citations X 2 citations X X X 8 Association”, 15(1), 2010, pp. 105-42 Paper Garofalo, Giuseppe, «Silete, jurists» vs «Silete, economists»: Towards an Integrated Economic and Legal Approach, “Rivista di Politica Economica”, 100 (7-9), 2010-2011, pp. 335-61 X Paper Garofalo, Giuseppe e Pugliesi, Silvia, Variabili predittive dell'astensionismo elettorale: Una modellizzazione della partecipazione al voto, Rivista di Politica Economica, 102(1-3), pp. 113-43 X Paper Garofalo, Giuseppe, Interdipendenza e processi causali nell'analisi monetaria, Studi Economici, 41(28), 1986, pp. 101-40 X Paper Garofalo, Giuseppe, La congiuntura italiana degli anni '70. (The Economic Situation of Italy in the 1970s), Economia e Lavoro, 23(2), April-June 1989, pp. 93-99 X Paper Garofalo, Giuseppe, La misura del progresso tecnico: una rassegna della letteratura e delle ricerche relative all'economia italiana, Rivista di Politica Economica, 68(8-9), 1978, pp. 1147-59 X Paper Garofalo, Giuseppe e Gambacorta, Leonardo, Dalla "crescita con indebitamento" alla "deflazione da debiti." L'attuale fase ciclica in una prospettiva storica. (From "Growth with Indebtedness" to "Deflation of Debts." The Present Cyclical Phase in a Historical Perspective, Economia e Lavoro, 29(1-2), 1995, pp. 21-30 X Paper Garofalo, Giuseppe e Correani, Luca e Neri, Elisabetta, Il coordinamento dell’attività di R&S: il ruolo dei consorzi tecnologici (Inter-firm Coordination: The Role of R&D Consortia), L'Industria, 30(1), 2009, pp. 123-48 X Working paper Garofalo, Giuseppe and Barbato, Fabio, The credibility of the exchange rate regime: An X X X X 9 analisys through derivatives of the September 1992 Crisis, University Library of Munich (Germany) MPRA Paper n. 13360 Paper Garofalo, Giuseppe, Commemorazioni: Massimo Finoia, Rivista italiana degli economisti– The Journal of the Italian Economic Association, 6 (3), 459-464 X X X 1 citation 10
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