Public expenditure in time of crisis: are Italian policymakers choosing the right mix?

Maria Jennifer Grisorio and Francesco Prota

No 1602, Working Papers. Collection B: Regional and sectoral economics from Universidade de Vigo, GEN - Governance and Economics research Network

Abstract: 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.

Keywords: Economic crisis; composition of government expenditure; panel data. (search for similar items in EconPapers)
JEL-codes: C23 H12 H72 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2016-03
New Economics Papers: this item is included in nep-fdg, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://infogen.webs.uvigo.es/WPB/WP1602.pdf First version, 2016 (application/pdf)

Related works:
Journal Article: Public expenditure in time of crisis: are Italian policymakers choosing the right mix? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:gov:wpregi:1602

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