Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159862
Authors: 
Gregori, Wildmer Daniel
Marattin, Luigi
Year of Publication: 
2015
Series/Report no.: 
Quaderni - Working Paper DSE 1024
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.
JEL: 
H72
H74
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
445.61 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.