The Socio-Economic Impact of Public Policies in the Space Sector in Italy

Massimo Florio, Paolo Castelnovo, Veronica Lupi, Valentina Morretta, Davide Vurchio, Lorenzo Zirulia, Simonetta Di Ciaccio and Mauro Piermaria
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Paolo Castelnovo: Department of Economics, Management, and Quantitative Methods, University of Milan (Italy)
Veronica Lupi: Department of Economics, Management, and Quantitative Methods, University of Milan (Italy)
Davide Vurchio: Department of Economics and Finance, University of Bari “Aldo Moro†(Italy)
Simonetta Di Ciaccio: Italian Space Agency (Italy)
Mauro Piermaria: Italian Space Agency (Italy)

No 2201, CIRIEC Working Papers from CIRIEC - Université de Liège

Abstract: The purpose of this work is assessing the impact of the Italian Space Agency (ASI) on the innovation and performance of the Italian space system. Based on descriptive evidence from three surveys and econometric analysis using balance-sheet, patent and scientometric data, we find that, when considering upstream companies and downstream intermediate users in the field of Earth observation (EO) as a whole, the socio-economic benefit – taxpayer cost ratio is higher than 1, and is particularly high in the downstream EO sector. As regards the upstream sector, the econometric analysis shows a significant effect of procurement on economic performance and innovation. Also for the downstream sector (companies and research centres), descriptive evidence from the surveys shows a positive effect of EO data on economic performance and innovation. Finally, we observe a significant impact of ASI also on scientific productivity.

Keywords: space industry; Earth observation; socio-economic impact (search for similar items in EconPapers)
JEL-codes: D61 H50 O32 O38 (search for similar items in EconPapers)
Date: 2022-01
New Economics Papers: this item is included in nep-eff, nep-ino and nep-tid
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