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Redistribution and risk sharing in Italy: learning from the past

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  • Carmelo Petraglia
  • Eleonora Pierucci
  • Domenico Scalera

Abstract

Redistribution and risk sharing in Italy: learning from the past. Regional Studies. This paper investigates the role of public policies in Italy by assessing both the redistribution and the risk-sharing functions of interregional net fiscal flows in the long run. Its comparative approach allows one to contrast results obtained for two periods characterized by diverse regional policy and dynamics of regional convergence. Although based on a specific example, the evidence supports more general conclusions: when assessing the regional redistributive and risk-sharing power of national fiscal policies, many different factors related to the existing policy regime should be accounted for, particularly the distribution of government spending between current expenditure and public investment.

Suggested Citation

  • Carmelo Petraglia & Eleonora Pierucci & Domenico Scalera, 2018. "Redistribution and risk sharing in Italy: learning from the past," Regional Studies, Taylor & Francis Journals, vol. 52(2), pages 285-297, February.
    • Handle: RePEc:taf:regstd:v:52:y:2018:i:2:p:285-297
    DOI: 10.1080/00343404.2017.1296944
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    Cited by:

    1. Eduardo Silva & Alex Ferreira, 2023. "Risk-sharing within Brazil and South America," Empirical Economics, Springer, vol. 65(2), pages 661-695, August.
    2. Adriano Giannola & Carmelo Petraglia & Domenico Scalera, 2017. "Residui fiscali, bilancio pubblico e politiche regionali," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2017(2), pages 33-57.
    3. Piras, Romano, 2022. "Structural change, growth, and convergence in Italy: 1951–1970," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 362-379.
    4. Fiorelli, Cristiana & Giannini, Massimo & Martini, Barbara, 2022. "Private and public risk sharing across Italian regions," Journal of Macroeconomics, Elsevier, vol. 74(C).
    5. 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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