Dr Francesco Venturini

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Join date: Jul 31, 2025

About

Francesco Venturini, PhD, is an Associate Professor of Economics at the University of Urbino (Italy), a Fellow at the National Institute of Economic and Social Research (UK), a Research Affiliate at CIRCLE (Sweden), and a Research Associate at ESCoE (UK). His research focuses on the impact of innovation and technological change on economic growth and income distribution. His current work explores topics such as artificial intelligence, medical innovation, and novel data methodologies. Francesco has published in several peer-reviewed academic journals and has contributed to numerous research projects funded by the European Commission (including EPKE, EUKLEMS, Jean Monnet, the European Competitiveness Report, H2020 –Untangled, and H2020 - WeLaR), as well as by national governments (including the UK Department for Science, Innovation and Technology and the Government of Scotland).

Posts (7)

Apr 14, 2026 ∙ 6 min

The Fourth Industrial Revolution Is Already Paying Off-Just Not How You Expected

The Fourth Industrial Revolution is already boosting productivity, but through knowledge spillovers rather than immediate gains from adoption. Evidence shows that AI and related patents contribute significantly to total factor productivity, though effects are gradual and uneven across countries. Following a J-curve pattern, benefits emerge slowly as complementary investments develop, suggesting current low productivity growth may precede a future surge driven by intelligent technologies.

Mar 3, 2026 ∙ 6 min

AI and its race around the world

AI innovation is highly concentrated in a few countries and regions, yet it has a modest positive effect on regional income growth worldwide. Evidence from over 600 regions shows that while AI can support faster growth, especially in slower-growing areas with digital capabilities, it is not a transformative shortcut to prosperity. Its impact depends on skills, institutions, and complementary investments, shaping whether AI fosters convergence or reinforces inequality.

Jan 14, 2026 ∙ 3 min

The long shadow of taxation on investment

Tax policy affects economic growth slowly and mainly through long-term investment decisions. Higher corporate taxes reduce investment returns, while tax cuts raise investment, especially in R&D and education. Using historical OECD data, the study shows that short-run growth effects are modest, but long-run impacts on innovation and human capital are substantial and decisive for sustained prosperity.