The decline in municipal investments between Domestic Stability Pact and lack of financial resources
Journal title ECONOMIA PUBBLICA
Author/s Paolo Chiades, Vanni Mengotto
Publishing Year 2016 Issue 2015/2
Language Italian Pages 40 P. 5-44 File size 491 KB
DOI 10.3280/EP2015-002001
DOI is like a bar code for intellectual property: to have more infomation
click here
Below, you can see the article first page
If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits
FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.
This paper analyzes the decline in Italian municipal investments that began in the middle of the last decade. The analysis shows that, organizational methods for service provision and budgetary financial conditions being equal, investments declined more sharply in the larger municipalities subject to the Domestic Stability Pact than in those which were exempted. The Pact effects have been relatively stronger for those municipalities in better financial conditions, that would have been able to finance investments with their own resources. The Pact has helped to achieve the main goal of the legislator, i.e. to keep the deficit under control. It has also provided a stimulus for local governments to be more rigorous in drafting their budgets, leading to a closer correlation between the amounts committed and those actually spent, in line with the provisions of the new accounting system which has come into force in 2015.
Keywords: Domestic stability pact, municipalities, investments, local public finance
Jel codes: H70, H72, H77
- From Containment to Rationalization: Increasing Public Expenditure Efficiency in France Jean-Jacques Hallaert, Maximilien Queyranne, in SSRN Electronic Journal /2016
DOI: 10.2139/ssrn.2720389 - Mercato Immobiliare, Imprese Della Filiera E Credito: Una Valutazione Degli Effetti Della Lunga Recessione (The Real Estate Market, the Supply Chain and Credit: The Effects of the Great Recession) Cristina Fabrizi, Raffaella Pico, Luca Casolaro, Mariano Graziano, Elisabetta Manzoli, Sonia Soncin, Luciano Esposito, Giuseppe Saporito, Tiziana Sodano, in SSRN Electronic Journal /2015
DOI: 10.2139/ssrn.2609279 - An Evaluation of the Policies on Repayment of Government's Trade Debt in Italy Leandro D'Aurizio, Domenico Depalo, in SSRN Electronic Journal /2016
DOI: 10.2139/ssrn.2856378 - Corruption under Austerity Gianmarco Daniele, Tommaso Giommoni, in SSRN Electronic Journal /2020
DOI: 10.2139/ssrn.3531683 - Intergovernmental Transfers and Expenditure Arrears Paolo Chiades, Luciano G. Greco, Vanni Mengotto, Luigi Moretti, Paola Valbonesi, in SSRN Electronic Journal /2016
DOI: 10.2139/ssrn.2867452 - Why Does Social Capital Increase Government Performance? The Role of Local Elections across Italian Municipalities Alberto Batinti, Luca Andriani, Andrea Filippetti, in SSRN Electronic Journal /2017
DOI: 10.2139/ssrn.2995833 - Municipal Finance in Southern Italy: Structural Criticalities and the Effects of the Pandemic Crisis Alfredo Bardozzetti, Paolo Chiades, Anna Laura Mancini, Vanni Mengotto, Giacomo Ziglio, in Italian Economic Journal /2024 pp.1233
DOI: 10.1007/s40797-024-00288-0 - Putting Tradition into Practice: Heritage, Place and Design Guglielmo Minervino, Valentino Canturi, pp.1303 (ISBN:978-3-319-57936-8)
- Political Budget Cycles with Informed Voters: Evidence from Italy Luca Repetto, in The Economic Journal /2018 pp.3320
DOI: 10.1111/ecoj.12570
Paolo Chiades, Vanni Mengotto, Il calo degli investimenti nei Comuni tra Patto di stabilità interno e carenza di risorse in "ECONOMIA PUBBLICA " 2/2015, pp 5-44, DOI: 10.3280/EP2015-002001