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Regional redistribution and risk sharing in Italy: the role of different tiers of government
Regionale Umverteilung und Risikoteilung in Italien: die Rolle der verschiedenen Regierungsebenen
[journal article]
Abstract This paper provides estimates of the redistribution and risk sharing across regional jurisdictions accomplished by the public sector in Italy. In this analysis the multi-level structure of the Italian government and the financial relations which link the different layers of government are explicitly... view more
This paper provides estimates of the redistribution and risk sharing across regional jurisdictions accomplished by the public sector in Italy. In this analysis the multi-level structure of the Italian government and the financial relations which link the different layers of government are explicitly considered. Using panel data for the period 1996-2002 we find that public policies in Italy significantly reduce differences in per-capita GDP across regions. However public budget, far from providing insurance against idiosyncratic shocks, greatly emphasizes income fluctuations across regions.... view less
Keywords
redistribution; tax policy
Classification
Area Development Planning, Regional Research
Economic Policy
Free Keywords
Fiscal policy; Redistribution; Risk sharing; Inter-governmental relations; Regions; Risikoteilung; Beziehungen zwischen Regierungen; Regionen
Document language
English
Publication Year
2010
Page/Pages
p. 55-69
Journal
Regional Studies, 44 (2010) 1
DOI
https://doi.org/10.1080/00343400802331320
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)