This course has the target of providing the students with the modern techniques of measuring

quantitatively advanced topics in economic statistics. In particular, our focus will be on

three main interrelated directions: 1) the analysis of production and efficiency, specifically

in the private but also in the public sectors, 2) economic dynamics of sectorial systems

founded on micro data, 3) growth, ICT and technology in the modern economy.

This course uses statistical methods, both stochastic and deterministic, to analyze

topics such as productivity, efficiency and growth at micro, sectorial, and for coherence at

macro level. We first take into exam data from firms that will be useful for the mentioned

three-level study, then, as regards the efficiency analysis of productive units, such data will

be employed in order to evaluate mergers and acquisitions of plants and firms and management

of productive factors. Efficiency will be evaluated from the sides of costs, profits

and revenues. As for the sectorial analysis, static and dynamic models will be considered

to allow for forecasts and simulations in each sector for variables like production, labour,

capital, raw materials, prices and capital gains. As a consequence, an aggregate analysis

on the production, growth and prices will follow. We also deal with ICT and technical

progress in the production process considering how and if the associated externalities are

effective. We will use the following techniques for data analysis: accounting rules for the

database, panel data econometrics, (possibly) time series analysis for systems of equations,

methods for differential equation systems. Topics on private and also public sectors will

contribute to explain the relationship between economic structure and the actual crisis.

Specifically, lectures also include the examinations of cases study concerning the efficiency

and productivity analysis on the recent patterns of the banking sector in the international

context.

Two main parts characterize the course. The first part considers the sectorial productivity

analysis, the second part the efficiency and productivity analysis of firms (micro

level).

- Teacher: BERNARDO MAGGI