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Thirty Years of Reforms to Budget Rules in Italy: An Econometric Evaluation

In: Italian Institutional Reforms: A Public Choice Perspective

Author

Listed:
  • Fabio Padovano

    (Università Roma Tre)

Abstract

The paper verifies the effects of reforms in budget approbation rules in Italy during the 1980-2001 periods using a standard public choice model of fiscal performance and nonlinear principal component evaluation of the changes in the degree of stringency of budget rules. While the Italian reforms are evaluated relative to those carried out in other European countries, the model isolates the impact of such reforms on the country’s fiscal performance. Key words: budget rules, fiscal performance, nonlinear principal components.

Suggested Citation

  • Fabio Padovano, 2008. "Thirty Years of Reforms to Budget Rules in Italy: An Econometric Evaluation," Springer Books, in: Fabio Padovano & Roberto Ricciuti (ed.), Italian Institutional Reforms: A Public Choice Perspective, chapter 0, pages 139-154, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-72141-5_8
    DOI: 10.1007/978-0-387-72141-5_8
    as

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