Mariana Mazzucato

Mariana Mazzucato Mariana Mazzucato
Born	(1968-06-16) June 16, 1968
Nationality	Italy USA
Academic career
Field	Economics
Institution	University of Sussex (SPRU)
Alma mater	New School for Social Research (Ph.D., 1997) Tufts University (B.A., 1990)

Mariana Mazzucato (born June 16, 1968) is an Italian-born economist and academic.

Mazzucato spent most of her life in the United States before returning to Europe in 2000. Muzzucato gained a Bachelor of Arts in History and Economics from Tufts University, Boston in 1990, a Masters in Economics from the New School for Social Research, New York City in 1994 and a PhD in Economics, also from the New School in 1997. She is RM Phillips Professor of Science and Technology at the University of Sussex (SPRU). After receiving her PhD, she became Assistant Professor of Economics at the University of Denver in 1997.

She was the Coordinator of a 3 year European Commission FP7 project on Finance, Innovation and Growth (FINNOV, 2009–2012) and Economics Director of the ESRC Centre for Social and Economic Research on Innovation in Genomics (Innogen). She was Deputy Director of the Open University's inter-faculty centre on Innovation, Knowledge and Development (IKD), which she directed from 2004-2009. From 2007-2009 she was Visiting Professor at the Bocconi University in Milan. She is also a Research Associate of the UK based DEMOS think tank.

Research

Professor Mazzucato's research uses theoretical, empirical and computational techniques in economics to study the feedback between technological change, firm performance and industry structure. She works within the Schumpeterian framework of Evolutionary economics, studying the origin and evolution of persistent differences between firms and how these differences vary across sectors and over the industry life-cycle. Her empirical studies have focused on the auto, PC, biotech and pharma industries. Her most recent work has analyzed the co-evolution of technological change and stock market bubbles. In this, she claims that stock price volatility tends to be highest, at the firm and industry level, when technological innovation is the most 'radical'.

Publications

Books

• Mazzucato, M., Lowe, J., Shipman, A. and Trigg, A. (2010), Personal Investment: Financial Planning in an Uncertain World, Palgrave Macmillan, Basingstoke UK, ISBN 978-0-230-24660-7, 448 pages.
• Mazzucato, M. and Dosi, G. (Eds, 2006), Knowledge Accumulation and Industry Evolution: Pharma-Biotech, Cambridge University Press, Cambridge UK, ISBN 0-521-85822-4, 446 pages.
• Mazzucato, M. (Ed, 2002), Strategy for Business, A Reader, Sage Publications, London, 2002, ISBN 0-7619-7413-X, 378 pages.
• Mazzucato, M. (2000), Firm Size, Innovation and Market Structure: The Evolution of Market Concentration and Instability, Edward Elgar, Northampton, MA, ISBN 1-84064-346-3, 138 pages.

Articles

• Demirel, P. and Mazzucato, M. (2011), “Does Market Selection Reward Innovators? R&D, patents, and growth in the US Pharmaceutical Industry”, forthcoming Industry and Innovation.
• Demirel, P. and Mazzucato, M. (2010), “The Evolution of Firm Growth Dynamics in the US Pharmaceutical Industry”, Regional Studies, Vol. 44 (8), pp.1053-1066.
• Mazzucato, M. and Tancioni, M. (2008), “Idiosyncratic Risk and Innovation: A Firm and Industry Level Analysis,” Industrial and Corporate Change, Vol. 17 (4), pp.779-811.
• Mazzucato, M (2006), “Innovation and Stock Prices,” Revue de L’Observatoire Francais de Conjonctures Economiques,” June 2006, Special Issue on Industrial Dynamics, Productivity and Growth.
• Mazzucato, M. and Tancioni, M. (2005), ”Indices that Capture Creative Destruction: Questions and Implications,” Revue d’Economie Industrielle. 110 (2nd tr.), pp.199-218.
• Mazzucato, M. (2003), “Risk, Variety and Volatility: Innovation, Growth and Stock Prices in Old and New Industries,” Journal of Evolutionary Economics, Vol. 13 (5), pp.491-512.
• Geroski, P. and Mazzucato, M. (2002), “Learning and the Sources of Corporate Growth,” Industrial and Corporate Change, Vol. 11 (4), pp.623-644.
• Mazzucato, M. (2002), “The PC Industry: New Economy or Early Life-Cycle,” Review of Economic Dynamics, Vol. 5 (2), pp.318-345.
• Geroski, P. and Mazzucato, M. (2002), “Myopic Selection and the Learning Curve,” Metroeconomica, Vol. 53 (2), pp.181-199.
• Mazzucato, M. and Semmler, W. (2002), “The Determinants of Stock Price Volatility: An Industry Study,” Nonlinear Dynamics, Psychology, and Life Sciences, Vol. 6 (2), pp.230-253.
• Geroski, P. and Mazzucato, M. (2002), “Modelling the Dynamics of Industry Populations,” International Journal of Industrial Organization, Vol. 19 (7), pp.1003-1022.
• Mazzucato, M. (2000), “Firm Size, Innovation, and Market Share Instability: the Role of Negative Feedback and Idiosyncratic Events,” Advances in Complex Systems, Vol. 3 (1-4), pp.417-431.
• Mazzucato, M. and Semmler, W. (1999), “Stock Market Volatility and Market Share Instability during the US Automobile Industry Life-Cycle,” Journal of Evolutionary Economics, Vol. 9 (1), pp. 67-96.
• Mazzucato, M. (1998), “A Computational Model of Economies of Scale and Market Share Instability,” Structural Change and Economic Dynamics, Vol. 9 (1), pp.55-83.

External links

• www.marianamazzucato.com
• FINNOV project (Director)
• Innogen centre (Economics Director)
• DEMOS profile (Research Associate)
• IKD research centre (Deputy Director)
• DIME EC Network of Excellence