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Il calo degli investimenti nei Comuni tra Patto di stabilit? interno e carenza di risorse

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  • Paolo Chiades
  • Vanni Mengotto

Abstract

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.

Suggested Citation

  • Paolo Chiades & Vanni Mengotto, 2015. "Il calo degli investimenti nei Comuni tra Patto di stabilit? interno e carenza di risorse," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2015(2), pages 5-44.
  • Handle: RePEc:fan:epepep:v:html10.3280/ep2015-002001
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    References listed on IDEAS

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    1. Veronica Grembi & Tommaso Nannicini & Ugo Troiano, 2011. "Policy Responses to Fiscal Restraints: A Difference-in-Discontinuities Design," Working Papers 397, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Fabrizio Balassone & Stefania Zotteri & Daniele Franco, 2001. "Il primo anno di applicazione del Patto di stabilit? interno: una valutazione," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2001(2).
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    More about this item

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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