Giuseppe Scellato

Giuseppe Scellato holds a PhD in Economics and is Associate Professor at the Politecnico di Torino, where he teaches corporate finance in graduate programs and economics and management of innovation in post-graduate programs. Since October 2015 he is Vice Coordinator of the College of Industrial Engineering and Management at Politecnico di Torino.

Since 2008 he is research associate of the Bureau of Research in Innovation, Complexity and Knowledge at Collegio Carlo Alberto, Turin. His main research interests are in the area of economics and management of innovation, industry dynamics, the economic analysis of intellectual property rights and the economics of science. These themes are investigated both theoretically and with micro-econometric techniques. His recent scientific works have appeared in leading international journals, including Science, Nature Biotech, Journal of Corporate Finance, Research Policy, Journal of Banking and Finance, Journal of Business Research, Cambridge Journal of Economics. He has been guest editor for different journals in the field of innovation studies such as Economics of Innovation and New Technologies, Technology Forecasting and Social Change.

In recent years he has been the scientific coordinator of research projects funded by the European Commission, the European Parliament, the European Investment Bank and the National Bureau of Economic Research (USA). He has been member of experts groups and committees for the evaluation of public policies for Research and Innovation in different Italian regions. Since 2012 he manages the IP-L@b project, funded by Finmeccanica and dedicated to the development of advanced techniques for patent data-mining and technology outlook.

Curriculum vitae



Politecnico di Torino - DIGEP
address: Corso Duca degli Abruzzi 24B, 10129, Torino, Italy
telephone: +39 011 090 7270
e-mail: giuseppe.scellato[AT]


(2005) Philosophiae Doctor in Economics, Università di Torino, Italy.

(2001) Master in Economics, Collegio Carlo Alberto, Italy.

(2000) Laurea in Management Engineering, Politecnico di Torino, Italy.

Research Activities

His research activities have addressed the following research areas:

1. Economics and management of intellectual property rights

In recent years he has carried out different empirical and theoretical studies that have addressed the economic impact of intellectual property law on firms' innovation incentives. In particular his econometric research has focussed on the economic and strategic implications of patent litigation and of the international harmonisation of patent law.

In 2009, he contributed to the foundation and the subsequent management of the IP Finance Institute, a competence centre within Politecnico di Torino, which is specialised in research and consultancy in the field of intellectual property. In 2010-2011, he has been the scientific coordinator of the research project for the European Commision (DG Internal Market) "Study on the quality of the European Patent System" that has provided ground for the policy discussion at the European Council concerning the recent EU patent reform. In 2011, he has been granted by the European Parliament a framework contract for the provision of consultancy in matter of IP policy in Europe. Since 2012, he is also the scientific director of the IP-L@b project, a research project for the development of innovative tools for patent data mining and for patent portfolio management. The IP-L@b research project has been funded by Finmeccanica Corporate for the years 2012-2013.

2. Innovation and finance

His recent studies in this field consist of empirical analyses on the determinants of financial constraints to R&D investments, the impact of European bank regulation on innovation activities and the role of public funding to support the venture capital industry. Related publications have appeared journals including the Journal of Banking and Finance, Cambridge Journal of Economics, Journal of Business Research and International Small Business Journal. In this filed, he has been the scientific supervisor of a research grant by the European Investment Bank and the European Investment Fund. The cooperation with the European Investment Fund involved the collection and elaboration of data on publicly sponsored venture capital fund across Europe.

3. Productivity and innovation dynamics

This research line consists of a series of empirical studies that have addressed the dynamics of firm-level productivity with a specific focus on Italian manufacturing companies. The research activities benefited from a collaboration with researchers affiliated to the Bureau of research on Innovation Complexity and Knowledge (Collegio Carlo Alberto). Results of this line of research have appeared in different international journals, including Economics of Innovation and New Technologies, Structural Change and Economic Dynamics, Journal of Evolutionary Economics.

4. Economics of science

This line of research is dedicated to the study of the role and impact of economic incentives on the process of production and exploitation of scientific discoveries and on the dynamics of scientific systems.

He has been the principal investigator for a research grant (co-funded by the National Bureau of Economic Research NBER, years 2009-2012) focused on the analysis of the processes of globalisation of science and related impacts on the competitiveness of countries’ scientific systems. The outcomes of this grant consisted in the generation of the GlobSci dataset, which include detailed information on international mobility patterns of scientists for 16 countries. The GlobSci dataset represent currently the most comprehensive individual-level dataset on researchers migration flows.

The most important results of this line of research have appeared in two leading international scientific journal: Science in 2011 and Nature Biotechnology in 2012.

Recent research projects

The Global Science, (GlobSci), Project funded by the Italian Governement and the National Bureau of Economic Research (USA).

Finmeccanica Corporate - IP L@b Project: "Research project for the development and application of advanced techniques for patent data mining and for technology landscape analyses", Years 2012-2013.

European Parliament - Directorate General Internal Policies: "Framework contract for the provision of consulting services in the area of intellectual property rights", Years 2011-2015.

European Commission - Directorate General Internal Market: "Study on the quality of the European patent system", Tender (MARKT/2009/11/D), Research project to be completed in year 2011.

European Parliament - Directorate General Internal Policies: "Current policy issues in the governance of the European patent system", Project under the science and technology option assessment (STOA) program, Year 2009.

European Commission - CReATE: "Innovation in information and communication technologies to support creative industries", Project funded under the seventh framework program, Years 2008-2010.

European Investment Bank: "Private equity, innovation and structural change: a comparative analysis across European countries", Project carried out in collaboration also with the European investment fund, Years 2008-2009.

Camera di Commercio di Torino: Development and management of the "Observatory on Innovative Companies", Years 2010-2013.

Provincia Autonoma di Trento: Member of the Research Evaluation Committee, Since 2012.

Regional Piedmont Government: "Globalization of science: impact on national competitiveness and policy implications". Research grant under the social sciences and humanities program, Years 2009-2012.

Italian Ministry for Research - Italian Research in Innovation Systems, (IRIS): "The reorganization of the Italian public research system for technology transfer", Project funded under the "Fondo per gli investmenti della ricerca di base" (FIRB) program, Years 2005-2008.


Financial Accounting and Corporate Finance, Industrial Engineering and Management program, Politecnico di Torino.

Economics and Management of Innovation, doctoral and master courses, Alta Scuola Politecnica.

Selected publications [full list in curriculum vitae]

ANTONELLI C., CRESPI F., OSPINA C., SCELLATO G., (2016), "Knowledge composition, Jacobs externalities and innovation performance in European regions", forthcoming in Regional Studies, DOI 10.1080/00343404.2016.1217405.

CAMBINI C., CAVIGGIOLI F., SCELLATO G., (2016), "Innovation and market regulation: evidence from the European electricity industry", Industry and Innovation, Volume 23, Issue 8, Pages 734-752, DOI 10.1080/13662716.2016.1206464.

FRANZONI C., SCELLATO G., STEPHAN P., (2016), "Global competition for scientific talent: evidence from location decisions of PhDs and postdocs in 16 countries", Industrial and Corporate Change, Volume 25, Issue 3, Pages 457-485, DOI 10.1093/icc/dtv037.

ANTONELLI C., CRESPI F., SCELLATO G., (2015), "Productivity growth persistence: firm strategies, size and system properties", Small Business Economics, Volume 45, Issue 1, Pages 129-147, DOI 10.1007/s11187-015-9644-2.

BUZZACCHI L., SCELLATO G., UGHETTO E., (2015), "Investment stage drifts and venture capital managerial incentives", Journal of Corporate Finance, Volume 33, Issue C, Pages 118-128, DOI 10.1016/j.jcorpfin.2015.05.006.

CAVIGGIOLI F., DE MARCO A., SCELLATO G., ROGO F., (2015), "Patenting strategies and characteristics of declared inventions in the long term evolution standard", R&D Management, Volume 46, Issue 2, Pages 664-676, DOI 10.1111/radm.12194.

FRANZONI C., SCELLATO G., STEPHAN P., (2015), "International competition for PhD and postdoctoral scholars: what does (and does not) matter", Innovation Policy and the Economy, Volume 15, Issue 1, Pages 73-113, DOI 10.1086/680060.

FRANZONI C., SCELLATO G., STEPHAN P., (2015), "Migrant scientists and international networks", Research Policy, Volume 44, Issue 1, Pages 108-120, DOI 10.1016/j.respol.2014.07.014.

ANTONELLI C., SCELLATO G., (2014), "Firm size and directed technological change", Small Business Economics, Volume 44, Issue 1, Pages 207-218, DOI 10.1007/s11187-014-9593-1.

FRANZONI C., SCELLATO G., STEPHAN P., (2014), "The mover's advantage. The superior performance of migrant scientists", Economic Letters, Volume 122, Issue 1, Pages 879-893, DOI 10.1016/j.econlet.2013.10.040.

LE BAS C., SCELLATO G., (2014), "Firm innovation persistence: a fresh look at the framework of analysis", Economics of Innovation and New Technology, Volume 23, Issues 5-6, Pages 423-446, DOI 10.1080/10438599.2014.895511.

ODASSO C., SCELLATO G., UGHETTO E., (2014), "Selling patents at auction: an empirical analysis of patent value", Industrial and Corporate Change, Volume 42, Issue 2, Pages 417-438, DOI 10.1093/icc/dtu015.

SCELLATO G., UGHETTO E., (2014), "Real effects of private equity investments: evidence from European buyouts", Journal of Business Research, Volume 66, Issue 12, Pages 2642-2649, DOI 10.1016/j.jbusres.2012.06.001.

ANTONELLI C., CRESPI F., SCELLATO G., (2013), "Internal and external factors in innovation persistence", Economics of Innovation and New Technology, Volume 22, Issue 3, Pages 256-280, DOI 10.1080/10438599.2012.708135.

ANTONELLI C., SCELLATO G., (2013), "Complexity and innovation: social interactions and firm level total factor productivity", Journal of Evolutionary Economics, Volume 23, Issue 1, Pages 77-96, DOI 10.1007/s00191-012-0299-8.

BUZZACCHI L., SCELLATO G., UGHETTO E., (2013), "The investment strategies of publicly sponsored venture capital funds", Journal of Banking and Finance, Volume 37, Issue 3, Pages 707-716, DOI 10.1016/j.jbankfin.2012.10.018.

CAVIGGIOLI F., SCELLATO G., UGHETTO E., (2013), "International patent disputes: evidence from oppositions at the European Patent Office", Research Policy, Volume 42, Issue 9, Pages 1634-1646, DOI 10.1016/j.respol.2013.06.004.

ANTONELLI C., CRESPI F., SCELLATO, G., (2012), "Inside innovation persistence: new evidence from Italian micro-data", Structural Change and Economic Dynamics, Volume 23, Issue 4, Pages 341-353, DOI 10.1016/j.strueco.2012.03.002.

FRANZONI C., SCELLATO G., STEPHAN P., (2012), "Foreign-born scientists: mobility patterns for sixteen countries", Nature Biotechnology Volume 30, Issue 12, Pages 1250-1253, DOI 10.1038/nbt.2449.

ANTONELLI C., SCELLATO G., (2011), "Out of equilibrium profit and innovation", Economics of Innovation and New Technologies, Volume 20, Issue 5, Pages 405-421, DOI 10.1080/10438599.2011.562350.

FRANZONI C., SCELLATO G., (2011), "Academic patenting and the consequence for scientific research", Australian Economic Review, Volume 44, Issue 1, Pages 95-101, DOI 10.1111/j.1467-8462.2010.00624.x.

FRANZONI C., SCELLATO G., STEPHAN P., (2011), "Changing incentives to publish", Science, Volume 333, Issue 6043, Pages 702-703, DOI 10.1126/science.1197286.

CATALANO G., LANDONI P., SCELLATO G., (2010), "Science parks contribution to scientific and technological development", International Journal of Technology, Policy and Management, Volume 10, Issues 1-2, Pages 1468-4322, DOI 10.1504/IJTPM.2010.032852.

CRESPI F., SCELLATO G., (2010), "Ownership structure, internal financing and investment dynamics", The Manchester School, Volume 78, Issue 3, Pages 242-258, DOI 10.1111/j.1467-9957.2009.02134.x.

FRANZONI C., SCELLATO G., (2010), "The grace period in international patent law and its effect on timing of disclosure", Research Policy, Volume 39, Issue 2, Pages 200-213, DOI 10.1016/j.respol.2009.11.006.

SCELLATO G., UGHETTO E., (2010), "The Basel II reform and the provision of finance for R&D activities in SMEs: an analysis for a sample of Italian companies", International Small Business Journal, Volume 28, Issue 1, Pages 65-89, DOI 10.1177/0266242609350825.

CALDERINI M., MONCALVO D., SCELLATO G., (2009), "R&D platforms", in CHIESA V. and FRATTINI A. Evaluation and Performance Measurement of Research and Development, Edward Elgar, Cheltenham, ISBN 978-1-84720-984-1.

BUZZACCHI L., SCELLATO G., (2008), "Patent litigation insurance and R&D incentives", International Review of Law and Economics, Volume 28, Issue 4, Pages 272-286, DOI 10.1016/j.irle.2008.07.005.

SCELLATO G., (2007), "Patents, firm size and financial constraints: an empirical analysis for a sample of Italian manufacturing firms", Cambridge Journal of Economics, Volume 31, Issue 1, Pages 55-76, DOI 10.1093/cje/bel006.

CALDERINI M., SCELLATO G., (2005), "Academic research, technological specialization and the innovation performance in European regions: an empirical analysis in the wireless sector", Industrial and Corporate Change, Volume 14, Issue 2, Pages 279-305, DOI 10.1093/icc/dth054.