“A Scenario Approach to Crisis and Recovery” with Roberta Capello

Profound economic crisis can severely impact local economies’ growth paths, causing not only short-term recessions but also significant long-term costs. In order to study long-term regional development after an economic shock, Prof. Capello will introduce a scenario building methodology, based on the Macroeconometric Regional Growth Forecasting Model (MASST). The model recently has been updated to take account of the crisis and is able to show the main trends and relative behavioural paths that will be at work under specific assumptions on how the main driving forces of change will evolve.

Roberta Capello is full professor of Regional Economics at Politecnico of Milan, Faculty of Architecture and Building Engineering. She received her Ph.D. in Economic from the Free University of Amsterdam and her first degree from Università Commerciale Luigi Bocconi, Milan. Her scientific work concentrates on regional growth, knowledge and local innovation, agglomeration economies and regional growth forecasting models. Capello has published extensively in international journals such as "Regional Studies", "European Planning Studies" and the "Journal of Economic Geography". She is also chief editor of the journals "Papers in Regional Science" and the “Italian Regional Science Journal” as well as a member of the Editorial Board of the journal “Growth and Change”.