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EnglishThis 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.
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| Titolo: | Regional redistribution and risk sharing in Italy: the role of different tiers of government |
| Autori: | |
| Data di pubblicazione: | 2007 |
| 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 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. |
| Handle: | http://hdl.handle.net/11392/529154 |
| ISBN: | 0976329514 |
| Appare nelle tipologie: | 04.2 Contributi in atti di convegno (in Volume) |
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