Public capital and expenditure efficiency. A regional and sectoral analysis of the last 30 years in Italy

Sergio Destefanis and Giulia Nunziante
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Giulia Nunziante: Sapienza University of Rome

No 2024-08, Discussion Paper series in Regional Science & Economic Geography from Gran Sasso Science Institute, Social Sciences

Abstract: Developing upon Golden and Picci (2005) measure of corruption, we construct a comprehensive dataset for 20 Italian NUTS2 regions. This dataset includes measures of infrastructure in physical terms throughout 1987-2019 for thirteen intermediate categories and six main classes of assets, monetary measures of public capital stock (based on the PIM approach), spanning the 1890-2019 period, for nine asset classes, and a time-varying index of sectoral public expenditure efficiency throughout 1987-2019. Relevant novelties of the new dataset are its wide time range, and the availability of information for six asset classes, as well as for core, noncore and total infrastructure aggregates. An exploratory exercise investigates the impact of the new index of public spending efficiency on the effectiveness of cohesion policies upon GDP per capita. Our findings indicate that this index significantly influences the impact of national capital-account expenditures (especially national public investments) on GDP per capita.

Keywords: Golden -Picci corruption index; physical measures of infrastructure; perpetual inventory method; cohesion policies (search for similar items in EconPapers)
JEL-codes: O11 O43 R53 R58 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2024-05, Revised 2024-10
New Economics Papers: this item is included in nep-eff, nep-his and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ahy:wpaper:wp52

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