Public expenditure in time of crisis: are Italian policymakers choosing the right mix?
In the “austerity debate” a crucial issue is the composition of fiscal adjustment. This article provides empirical evidence on the relationship between economic crisis episodes and composition of public expenditure by examining the impact of economic crises on the share of different types of public spending in total public expenditure in the Italian regions. Our results suggest that fiscal consolidation strategies have not had growth-friendly composition.
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- Maria Flavia Ambrosanio & Paolo Balduzzi & Massimo Bordignon, 2014. "Economic crisis and fiscal federalism in Italy," Working papers 8, Società Italiana di Economia Pubblica.
- Maria Ambrosanio & Paolo Balduzzi & Massimo Bordignon, 2014. "Economic crisis and fiscal federalism in Italy," DISCE - Working Papers del Dipartimento di Economia e Finanza def016, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Grisorio, Maria Jennifer & Prota, Francesco, 2015. "The short and the long run relationship between fiscal decentralization and public expenditure composition in Italy," Economics Letters, Elsevier, vol. 130(C), pages 113-116.
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