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Politecnico di Milano

Dipartimento di Ingegneria Gestionale

P.zza Leonardo da Vinci 32 - 20133 - Milano

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Applied Economics

Researchers in the area of Applied Economics make use of economic theory and models to study issues arising in the industrial, international, financial, innovation and entrepreneurship domains. Investigations into these realms are conducted at multiple levels of analysis, including firms, industries, countries, individuals, public administrations and non‐profit organizations.


Researchers in this area share an approach with the following characteristics:

  • Special attention is paid to the economic foundations of public policy decisions, company decisions and managerial processes.
  • Theories and formal models are empirically grounded and tested through multiple methodologies and research designs. Quantitative methods are used for theory testing purposes. Rigorous qualitative research is practiced in a theory building effort.
  • Analyses have normative implications for the design and assessment of company strategies and public policies.

Research Topics

  • Internationalization of economic activities: multinational enterprises; economic rationale of company internationalization processes (e.g. location choice, entry mode, governance) and their implications on company performance, industries and countries; international trade, international fragmentation of production and off‐shoring of business services.
  • International competitiveness of national and local systems: international competitiveness and exchange rates; agglomeration of MNEs and competitiveness of local systems (e.g. industrial districts).
  • Technical change and innovation: economic rationale of company innovation processes and their implications on company performance; collaborative production of technological knowledge, open innovation and communities of users and developers; innovation policies.
  • Entrepreneurship and entrepreneurial finance: theoretical and empirical research on the determinants of new company creation and development; start‐up financing processes; public support measures.
  • Regulated industries: regulation of electricity sectors; economics and policy of energy innovation; local government and public utilities restructuring; economics and policy of broadband networks.
  • Monetary policy: monetary policy and macroeconomic stability; central banking; financial frictions and financial instability; global imbalances; financial intermediation and markets.
  • Econometrics: time series analysis (non stationary time series, co-integration, long memory, vector autoregressive models), financial econometrics (GARCH models, analysis of ultra high frequency data), applied macroeconometrics (econometric analysis of monetary policy).
  • Pattern recognition and optimization: predictive models in finance, economics and bio‐life sciences; social media analytics and text mining; optimization models and algorithms; supply chain optimization; business intelligence.

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