Determinants of Fiscal Distress in Italian Municipalities

Gregori, Wildmer Daniel ; Marattin, Luigi (2015) Determinants of Fiscal Distress in Italian Municipalities. Bologna: Dipartimento di Scienze economiche DSE, p. 17. DOI 10.6092/unibo/amsacta/4337. In: Quaderni - Working Paper DSE (1024). ISSN 2282-6483.
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Abstract

Fiscal distress of local governments and municipalities is a non-negligible component of the public finance turmoil after the Great Recession. In this paper we consider a dataset of Italian municipalities over the period 2000-2012 and look for the main budget determinants of local default. According to our results the default probability is positively affected by the share of loan repayment over total spending. This result is robust to alternative model specifications as well as inclusion of fixed effects, time dummies and macroeconomic control variables.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Gregori, Wildmer Daniel
Marattin, Luigi
Keywords
local government default, fiscal distress, panel regressions
Subjects
ISSN
2282-6483
DOI
Deposit date
02 Sep 2015 07:47
Last modified
23 Oct 2015 09:06
URI

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