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Sulla political economy del deficit pubblico nell'Italia liberale

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  • Galli, Emma
  • Ricciuti, Roberto

Abstract

In questo lavoro si analizzano diverse determinanti della dimensione dei disavanzi nel Regno d'Italia durante il periodo 1861-1914. In particolare, utilizziamo un modello di elettore mediano che include l'ipotesi di illusione fiscale. L'analisi empirica, attraverso una metodologia VECM, da un lato conferma l'ipotesi di uno sfruttamento da parte della classe politica dei contribuenti non aventi diritto al voto attraverso il ricorso alle imposte indirette, dall'altro evidenzia l'esistenza di un limite di tollerabilita' fiscale che richiede il ricorso ai disavanzi. Rileviamo inoltre una relazione negativa di breve periodo tra spesa pubblica e prezzi dei beni privati laddove nel lungo periodo emerge una relazione di sostituzione tra beni privati e beni pubblici. L'effetto positivo nel breve periodo del reddito sulla spesa pubblica che caratterizza i paesi nelle fasi iniziali dello sviluppo economico, diventa negativo nel lungo periodo dove si osserva uno spostamento della domanda verso i beni privati in un'ottica di sostituibilita' tra spesa pubblica e privata. In un contesto di spesa di tipo redistributivo assai limitata e di suffragio ristretto l'impatto della disuguaglianza del reddito sulla spesa pubblica come pure quello del numero dei votanti non appare significativo.

Suggested Citation

  • Galli, Emma & Ricciuti, Roberto, 2009. "Sulla political economy del deficit pubblico nell'Italia liberale," POLIS Working Papers 127, Institute of Public Policy and Public Choice - POLIS.
  • Handle: RePEc:uca:ucapdv:127
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    References listed on IDEAS

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    1. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422, May.
    2. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, May.
    3. Stefano Fenoaltea, 2002. "Production and Consumption in Post-Unification Italy: New Evidence, New Conjectures," Rivista di storia economica, Società editrice il Mulino, issue 3, pages 251-300.
    4. Meltzer, Allan H & Richard, Scott F, 1981. "A Rational Theory of the Size of Government," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 914-927, October.
    5. Nadia Fiorino & Roberto Ricciuti, 2008. "Interest Groups, Government Spending and Italian Industrial Growth (1876-1913)," RSCAS Working Papers 2008/08, European University Institute.
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    Cited by:

    1. Roberto Ricciuti & Luca Sandonà, 2012. "Mezzogiorno e apertura internazionale ne "La Riforma Sociale"," Working Papers 19/2012, University of Verona, Department of Economics.
    2. Bondonio, Daniele, 2009. "Impact identification strategies for evaluating business incentive programs," POLIS Working Papers 129, Institute of Public Policy and Public Choice - POLIS.
    3. Orso, Cristina Elisa, 2009. "Formal and informal sectors: Interactions between moneylenders and traditional banks in the rural Indian credit market," POLIS Working Papers 135, Institute of Public Policy and Public Choice - POLIS.
    4. Giuranno, Michele, 2009. "The logic of party coalitions with political activism and public financing," POLIS Working Papers 134, Institute of Public Policy and Public Choice - POLIS.
    5. Marchese Carla & Ramello Giovanni B., 2011. "In the Beginning Was the Word. Now is the Copyright," Review of Law & Economics, De Gruyter, vol. 7(1), pages 271-289, October.

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