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Regional Redistribution and Risk Sharing in Italy: The Role of Different Tiers of Government

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  • Giampaolo Arachi
  • Caterina Ferrario
  • Alberto Zanardi

Abstract

Arachi G., Ferrario C. and Zanardi A. Regional redistribution and risk sharing in Italy: the role of different tiers of government, Regional Studies. 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 tiers of government are explicitly considered. Using panel data for the period 1996-2002, it is found that public policies in Italy significantly reduce differences in per-capita gross domestic product across regions. However, the public budget, far from providing insurance against idiosyncratic shocks, greatly emphasizes income fluctuations across regions. [image omitted] Arachi G., Ferrario C. et Zanardi A. La redistribution regionale et le partage des risques en Italie: le role des divers niveaux d'administration, Regional Studies. Cet article cherche a fournir des estimations de la redistribution et du partage des risques a travers des circonscriptions d'action regionale et realises par le secteur public italien. Cette analyse approfondit la structure a niveaux multiples de l'administration italienne et examine ouvertement les rapports financiers qui relient les divers niveaux d'administration. A partir des donnees provenant des enquetes permanentes pour la periode de 1996 a 2002, il s'avere que les politiques publiques en Italie reduisent sensiblement les ecarts du PIB regional par tete. Cependant, les depenses publiques, loin de fournir une protection contre des chocs particuliers, soulignent les fluctuations du revenu a travers les regions. Politique fiscale Redistribution Partage des risques Rapports entre les niveaux d'administration Regions Arachi G., Ferrario C. und Zanardi A. Regionale Umverteilung und Risikoteilung in Italien: die Rolle der verschiedenen Regierungsebenen, Regional Studies. In diesem Beitrag schatzen wir das Ausmass der Umverteilung und Risikoteilung zwischen verschiedenen regionalen Rechtsprechungsgebieten des offentlichen Sektors in Italien. Ausdrucklich in der Analyse berucksichtigt werden die mehrschichtige Struktur der italienischen Regierung sowie die finanziellen Beziehungen, die die verschiedenen Regierungsebenen miteinander verbinden. Anhand von Paneldaten fur den Zeitraum von 1996 bis 2002 stellen wir fest, dass die offentlichen Politiken in Italien die Unterschiede des Pro-Kopf-BIP zwischen den Regionen signifikant verringern. Im offentlichen Haushalt werden die Einkommensfluktuationen innerhalb der Regionen jedoch stark betont, statt eine Absicherung gegen idiosynkratische Storungen zu gewahrleisten. Steuerpolitik Umverteilung Risikoteilung Beziehungen zwischen Regierungen Regionen Arachi G., Ferrario C. y Zanardi A. Redistribucion regional y riesgo compartido en Italia: el rol de los diferentes niveles de gobierno, Regional Studies. En este articulo ofrecemos las estimaciones de la redistribucion y el riesgo compartido en varias jurisdicciones regionales del sector publico en Italia. En este analisis se consideran expresamente la estructura multinivel del gobierno italiano y las relaciones financieras vinculadas a los diferentes estratos de gobierno. Con ayuda de datos de panel para el periodo 1996-2002 observamos que las politicas publicas en Italia reducen considerablemente las diferencias entre los niveles del PIB per capita en las regiones. Sin embargo, en el presupuesto publico, lejos de ofrecer un seguro contra los choques idiosincrasicos, se acentuan en gran medida las fluctuaciones de ingresos en las regiones. Politica fiscal Redistribucion Riesgo compartido Relaciones intergubernamentales Regiones

Suggested Citation

  • Giampaolo Arachi & Caterina Ferrario & Alberto Zanardi, 2010. "Regional Redistribution and Risk Sharing in Italy: The Role of Different Tiers of Government," Regional Studies, Taylor & Francis Journals, vol. 44(1), pages 55-69.
    • Handle: RePEc:taf:regstd:v:44:y:2010:i:1:p:55-69
    DOI: 10.1080/00343400802331320
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    2. Caterina FERRARIO & Alberto ZANARDI, 2010. "What Happens to Interregional Redistribution Upon Fiscal Decentralisation Reforms? Evidence from the Italian NHS," EcoMod2010 259600057, EcoMod.
    3. Adriano Giannola & Carmelo Petraglia & Domenico Scalera, 2017. "Residui fiscali, bilancio pubblico e politiche regionali," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2017(2), pages 33-57.
    4. Giannola, Adriano & Petraglia, Carmelo & Scalera, Domenico, 2016. "Net fiscal flows and interregional redistribution in Italy: A long-run perspective (1951–2010)," Structural Change and Economic Dynamics, Elsevier, vol. 39(C), pages 1-16.
    5. Cont, Walter & Porto, Alberto, 2014. "Personal and regional redistribution through public finance in a federal setting," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(4), pages 563-578.
    6. Masayoshi Hayashi, 2012. "Channels of Stabilization in a System of Local Public Health Insurance: The Case of the National Health Insurance in Japan," CIRJE F-Series CIRJE-F-847, CIRJE, Faculty of Economics, University of Tokyo.
    7. Carmela Brugnano & Giuseppe Ferraina & Andrea Ferri & Larysa Minzyuk & Felice Russo, 2017. "Federalismo municipale e nuovo sistema perequativo: il Fondo di solidariet? comunale 2016," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2017(2), pages 93-133.
    8. Carmela Brugnano & Giuseppe Ferraina & Andrea Ferri & Larissa Minzuk & Felice Russo, 2017. "Federalismo municipale e nuovo sistema perequativo: il Fondo di solidarietà comunale 2016," Working papers 58, Società Italiana di Economia Pubblica.
    9. Nadiia Matsiuk, 2022. "Thrive, survive, or perish: The impact of regional autonomy on the demographic dynamics of Italian Alpine territories," Journal of Regional Science, Wiley Blackwell, vol. 62(5), pages 1512-1558, November.
    10. Irene Ferrari & Alberto Zanardi, 2014. "Decentralisation and interregional redistribution in the Italian education system," Education Economics, Taylor & Francis Journals, vol. 22(5), pages 529-548, October.
    11. Padovano, Fabio, 2012. "The drivers of interregional policy choices: Evidence from Italy," European Journal of Political Economy, Elsevier, vol. 28(3), pages 324-340.
    12. Adriano Giannola & Riccardo Padovani & Carmelo Petraglia, 2015. "Spending Review e divari regionali in Italia," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2015(1), pages 129-155.
    13. Giorgio Brosio & Stefano Piperno, 2021. "Alla ricerca del residuo fiscale: una proposta di chiarificazione metodologica," Working papers 103, Società Italiana di Economia Pubblica.
    14. Masayoshi Hayashi, 2013. "On the Decomposition of Regional Stabilization and Redistribution," CIRJE F-Series CIRJE-F-910, CIRJE, Faculty of Economics, University of Tokyo.
    15. Tsai-Yuan Huang & Po-Chin Wu & Ching-Wen Yan, 2014. "Revisiting the redistribution effects of intergovernmental fiscal transfers: evidence from Taiwan," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 17(4), pages 341-359, December.
    16. Giannola, A. & Petraglia, C. & Scalera, D., 2011. "Residui fiscali regionali e riforma federalista. Quanto residuerà delle politiche regionali e redistributive? [Fiscal residua and federalist reform in Italy. Will regional and redistributive polici," MPRA Paper 30895, University Library of Munich, Germany.
    17. Fiorelli, Cristiana & Giannini, Massimo & Martini, Barbara, 2022. "Private and public risk sharing across Italian regions," Journal of Macroeconomics, Elsevier, vol. 74(C).
    18. Petraglia, Carmelo & Pierucci, Eleonora & Scalera, Domenico, 2020. "Interregional redistribution and risk sharing through public budget. The case of Italy in times of crisis (2000–2016)," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 162-169.

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