Sulla political economy della spesa pubblica nell’Italia liberale

Emma Galli and Roberto Ricciuti

Rivista di Politica Economica, 2012, issue 3, 275-292

Abstract: This paper empirically analyzes the demand for public goods in Italy over the period 1861-1913 in a political economy perspective and concentrates on fiscal illusion. The analysis suggests that the relationship between public expenditure and deficit is typically a long-run one. There is also a negative short-run relationship between public expenditures and the price of private goods showing complementarity between private and public goods; instead, in the long-run substitutability prevails. The impact of both income distribution and the number of voters on the public expenditures is variable over time

Keywords: political economy; Italia liberale; spesa pubblica; illusione fiscale (search for similar items in EconPapers)
JEL-codes: H3 H61 N4 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2012:i:3:p:275-292

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