Regional redistribution and risk sharing in Italy: the role of different tiers of government

Alberto Zanardi (1) , Giampaolo Arachi (2) , Caterina Ferrario (3)

1 UNIBO - Alma Mater Studiorum Università di Bologna = University of Bologna
2 University of Salento [Lecce]
3 UniFE - Università degli Studi di Ferrara = University of Ferrara

This paper provides estimates of the redistribution and risk sharing across regional jurisdictions accomplished by the public sector in Italy. In this analysis the multi-level structure of the Italian government and the financial relations which link the different layers of government are explicitly considered. Using panel data for the period 1996-2002 we find that public policies in Italy significantly reduce differences in per-capita GDP across regions. However public budget, far from providing insurance against idiosyncratic shocks, greatly emphasizes income fluctuations across regions.

Mots clés: Social Sciences & Humanities

Alberto Zanardi, Giampaolo Arachi, Caterina Ferrario. Regional redistribution and risk sharing in Italy: the role of different tiers of government. Regional Studies, 2010, 44 (01), pp.55-69. ⟨10.1080/00343400802331320⟩. ⟨hal-00565126⟩