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A multilevel analysis on the economic impact of public infrastructure and corruption on Italian regions

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Torrisi, Gianpiero

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Abstract

This paper uses data contained in the Regional Public Accounts database to investigate the heterogeneity of the impact of public infrastructure across Italian regions basing the analysis also on institutional and political ground. The issue is here addressed linking the analysis of the impact of infrastructure on GDP with the issue of corruption by means of a random coefficient panel data model approach. I consider a novel objective measure of corruption that consists of the difference between a measure of the physical quantities of public infrastructure and the cumulative price government pays for public capital stocks. The empirical analysis confirms the existence of parameter heterogeneity across Italian regions and is also consistent with theoretical considerations that corruption negatively affects economic performance.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15487.

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Date of creation: May 2009
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Handle: RePEc:pra:mprapa:15487

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Related research
Keywords: orruption; public expenditure; infrastructure; random coefficients; regional public accounts.;

Find related papers by JEL classification:
H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
R58 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Regional Development Policy
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes

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