The Venice centre in Economic and Risk Analytics for Public Policies (VERA) is the new Centre of the Department of Economics focusing on big data applied to social welfare and wellbeing, risk analytics and evaluation of public policies. A primary aim of the Centre is to inform policy makers and to provide scientific support for decisions concerning several policy challenges such as the sustainability of welfare systems, the phenomenon of migration, the effects of climate change, the mitigation strategies of environmental impacts, the emergence of policy and financial instability.
The research activities of the Centre will address two of the Ca’ Foscari Global Challenges (Science of complexity and Public governance, welfare and social innovation) through methodologies and advanced systems based on the use of big data, social networks, georeferencing, experimental data (lab and field experiments).
One of the most important goals is to enhance production and use of big data and to develop economic, mathematical and statistical models applicable to different economic sectors such as agriculture and environment, health, finance and sustainability. These models will be in line with the objectives of industry 4.0 and the digital transformation.
The VERA Centre is funded by the Italian Ministry of Education, Universities and Research through the Department of Excellence Project.
Innovate research methods, adapting them to calculation models that can exploit the great potential of microdata and big data from different sources.
Strengthen experimental research conducted in lab and field (lab and field experiments).
Widen the fields of application of the analysis and methodologies for the evaluation of public policies in order to improve their quality and effectiveness.
Train future economists and analysts able to provide scientific support for analysis and to identify potential public policy actions.
Enhance international talent selection and recruitment in order to set up an international multidisciplinary and multicultural research team with the best talents on board.