Regional Development and Public Spending: The Case of Italy
Regional Development and Public Spending: the Case of Italy (by Antonio Acconcia, Alfredo Del Monte) - ABSTRACT: In Italy redistribution and regional policies have been implemented since World War II; poorer regions have been receiving large amount of public funds, namely public consumption and infrastructure investment, to stimulate economic activity or, more generally, to increase welfare. Starting with this premise, the paper analyses the effects of public spending on regional growth in Italy. Taking advantage of both the spatial and the time dimension of the available data, we offer results of two distinct panel analyses which stress the cross-section or the time dimension, respectively. The main results are the following: there is a positive relationship between regional growth and infrastructure capital which mainly holds for the Manufacturing sector; within the Manufacturing sector, the impact of public investment on productivity is noticeably stronger for the low-income group of regions than for the high-income group of regions. No positive impact of public consumption on productivity is detected. Keywords: regional disparities; infrastructure investment; public consumption. JEL Classification: O18, H54
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2000/72 (2000)
Issue (Month): 72 ()
|Contact details of provider:|| Web page: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=59|
|Order Information:|| Web: http://www.francoangeli.it/riviste/Elenco_Prodotti.aspx?startCode=DC Email: |
When requesting a correction, please mention this item's handle: RePEc:fan:steste:v:html10.3280/ste2000-072001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angelo Ventriglia)
If references are entirely missing, you can add them using this form.