Journal articles: 'Finance (Public), Italy'

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Del Bo, Chiara F., and Emanuela Sirtori. "Additionality and regional public finance – Evidence from Italy." Environment and Planning C: Government and Policy 34, no. 5 (July 26, 2016): 855–78. http://dx.doi.org/10.1177/0263774x15614682.

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Mosca, Manuela. "Emil Sax and Italy. Three episodes." HISTORY OF ECONOMIC THOUGHT AND POLICY, no. 2 (March 2011): 47–62. http://dx.doi.org/10.3280/spe2010-002003.

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The paper deals with the historical reconstruction of the relation between the Austrian economist Emil Sax and the Italian economists of his generation. It is focused on three episodes. The first concerns the introduction of marginal analysis in public finance, seeing the works of Maffeo Pantaleoni (1883) and Sax (1887) as of primary significance. The second is about the reception accorded to the 1887 Sax's work in Italy by Giuseppe Ricca-Salerno (1887), and by Augusto Graziani (1887). The third relates to the development of a pure theory of public finance, and concerns the works of Sax (1887) and Antonio De Viti De Marco (1888). This analysis indicates that school rivalries were responsible for the different reactions of Italian economists to Sax's work.

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van Bortel, Gerard, and Vincent Gruis. "Innovative Arrangements between Public and Private Actors in Affordable Housing Provision: Examples from Austria, England and Italy." Urban Science 3, no. 2 (May 8, 2019): 52. http://dx.doi.org/10.3390/urbansci3020052.

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Affordable housing is increasingly developed, financed and managed by a mix of state, third-sector, market and community actors. This has led to the emergence of various hybrid governance and finance arrangements. This development can be seen as part of a general long-term neoliberal trend in government policies, and social, cultural and economic developments. It is therefore likely that the hybridity and variety of governance and finance of affordable housing will continue to grow. This article discusses innovative hybrid arrangements from Austria, England and Italy, in which governments, private and non-profit actors collaborate to increase the supply of affordable housing. These cases illustrate how the provision of affordable housing in a neoliberal context can benefit from the involvement of market actors and communities. Nevertheless, they also show that governments continue to play a crucial role in initiating and facilitating these arrangements.

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Lodi, Chiara, Giovanni Marin, and Marco Modica. "The public finance response to floods of local governments in Italy." Journal of Environmental Management 332 (April 2023): 117352. http://dx.doi.org/10.1016/j.jenvman.2023.117352.

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5

Forte, Francesco. "On James Buchanan's Public Choice Enterprise." Journal of Public Finance and Public Choice 31, no. 1 (April 1, 2013): 61–75. http://dx.doi.org/10.1332/251569213x15664519748541.

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Abstract James Buchanan came to Italy in 1955 as Fulbright visiting professor until July 1956 and made his research at the library of the Bank of Italy. He visited the University of Pavia, a quite famous center for public finance studies, still directed by Benvenuto Griziotti. On that occasion I became acquainted with professor Buchanan and our longlasting friendship started soon. On his itinerary from the political economy perspective to public choice that James Buchanan did undertake, after the Italian 1955-56 visit, he has written: «After Italy I was prepared, intellectually, psychologically and emotionally to join in an entrepreneurial venture with my Virginia colleague Warren Nutter, a venture aimed at bringing renewed emphasis to ‘political economy’ in a classical sense. And from these beginnings, the more directed research spin-off into the ‘economics of politics’ initiated jointly with my colleague Gordon Tullock, now seems a natural progression»

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Grabia, Tomasz. "Public finance of the major economies of the European countries." Wiadomości Statystyczne. The Polish Statistician 60, no. 4 (April 28, 2015): 42–55. http://dx.doi.org/10.5604/01.3001.0016.0853.

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The aim of the article is to compare the situation of public finance in the twelve largest European economies, i.e. Germany, France, Great Britain, Italy, Spain, the Netherlands, Switzerland, Sweden, Norway, Poland, Belgium and Austria. In addition to debt and budget balance indicators the author analyzes social and public expenditure and total budgetary revenues indicators, as well as revenues from property and income taxes as well as the related to production and imports. The key determinants of a Europe-wide trend of permanent increase in borrowing countries are indicated, too.

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Carbonara, Nunzia, and Roberta Pellegrino. "PPP for public infrastructure in Italy: opportunity and challenges." Managerial Finance 40, no. 11 (November 7, 2014): 1078–94. http://dx.doi.org/10.1108/mf-03-2014-0074.

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Purpose – The purpose of this paper is to provide a comprehensive understanding of the Public Private Partnerships (PPP) in Italy in order to highlight challenges and opportunities for a more effective adoption of PPP in Italy. In particular we analyze three key aspects that affect the PPP adoption and implementation, namely the institutional, organizational, and financial ones, and their changes over time. Design/methodology/approach – To reach the aim, we have conducted an empirical research, gathering qualitative and quantitative relevant information, to characterize three key dimensions affecting the PPP adoption and its effective implementation, namely the institutional, organizational, and financial dimension. Findings – The analysis of PPP in Italy reveals that, although it is a relatively recent practice, its use is widely spread in delivering public infrastructures. Nevertheless, there are still some shortcomings, related to administrative, financial, and legal issues, that make the application and use of PPP, although considerable in size, less effective and efficient in Italy than in some other countries. In order to overcome these limitations, different interventions are required in order to strength the practices and advance the body of knowledge. Practical implications – The study formulates useful recommendations for an effective implementation of PPP based on the analysis of the main constraints for the PPP's development in Italy. Originality/value – The study overcomes the gap of the existing literature on the Italian PPP that have analyzed the phenomenon under two different approaches. Some researchers have investigated the key aspects characterizing PPPs, by adopting a mono-dimensional perspective. Other studies have analyzed the extent of adoption and diffusion of PPP in Italy, by presenting data on PPP projects by sector and/or by types. This paper contributes to fill this gap by providing both a comprehensive analysis of PPP, based on three key dimensions characterizing the PPP adoption and implementation, as well as by presenting an updated picture of the PPP in Italy.

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da Empoli, Domenico. "Cesare Cosciani." Journal of Public Finance and Public Choice 3, no. 2 (October 1, 1985): 79–84. http://dx.doi.org/10.1332/251569298x15668907117075.

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Abstract Cesare Cosciani, the leading Italian public finance scientist recently passed over, is the author of numerous publications (about two hundred, among books and articles) covering many subjects. This paper refers to some contributions given by him to the theory of public finance, as well as to the fiscal reform in Italy. Finally, Cosciani’s remarkable activity as a professor is mentioned with reference to both his successful textbook and the influence exercised by him on his students.

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Alesina, Alberto, Stephan Danninger, and Massimo Rostagno. "Redistribution through Public Employment: The Case of Italy." IMF Staff Papers 48, no. 3 (January 1, 2001): 447–73. http://dx.doi.org/10.2307/4621679.

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10

Galli, Emma. "Fausto, D. - De Bonis, V. (eds), The Theory of Public Finance in Italy from the Origins to the 1940s." Journal of Public Finance and Public Choice 22, no. 1 (April 1, 2004): 108–11. http://dx.doi.org/10.1332/251569204x15668904587160.

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Abstract Fausto, D. - De Bonis, V. (eds), 2003, The Theory of Public Finance in Italy from the Origins to the 1940s, special issue of Il pensiero economico italiano, XI, 2003, Pisa-Roma, Istituti Editoriali e Poligrafici Internazionali, pp. 286, p.n.a.

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Galli, Emma. "Costituzione fiscale e spesa pubblica: una rassegna." Journal of Public Finance and Public Choice 6, no. 3 (October 1, 1988): 187–212. http://dx.doi.org/10.1332/251569298x15668907344550.

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Abstract Economic Constitutionalism is a new development in Public Finance, whose basic approach requires public policy decisions to be taken according to a set of constitutional rules in order to cut the discretionary powers of the fiscal authorities.This approach looks very promising for countries like Italy, where fiscal imbalance is a characteristic aspect of fiscal policy.This paper takes into consideration two main issues: a) the arguments in favour of the introduction of constitutional rules for public finance; b) the most convenient rules to be chosen.After considering in general terms the main proposals which have been presented in the United States, some basic rules are examined in detail: balanced budget, limits to the fiscal power and/or to public expenditure.

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12

Fossati, Amedeo. "The Italian Tradition in Public Finance: An Annotated Bibliography of Mauro Fasiani." STUDI ECONOMICI, no. 105 (May 2012): 5–122. http://dx.doi.org/10.3280/ste2011-105001.

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Mauro Fasiani's scholarly achievement still does not occupy its proper place in scientific debate, either in Italy or abroad. Thus, the enhancement of the scientific figure of Mauro Fasiani presents a very significant scientific interest, in order to finally put into perspective his contribution to the evolution of the theory of public finance not only in the Italian tradition in Public Finance but in the international context also. To that end the present paper is directed, within the limits that the aim is not to discuss Fasiani's scientific thought, but only to draw it to the attention of international scholars by making known the content of his work. JEL CODE: B13, B31, H1, H12, H21, H22, H24, H25, H26, H31, H32, H42, H43, H44, H50, H89

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Mikhalev, Dmitrii О., and Egor’ A. Sergeev. "THE EUROPEAN UNION AND ITALY RELATIONS IN THE CONTEXT OF SUPRANATIONAL FISCAL REGULATION." RSUH/RGGU Bulletin. Series Economics. Management. Law, no. 3 (2021): 208–21. http://dx.doi.org/10.28995/2073-6304-2021-3-208-221.

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The article presents a retrospective analysis of relations between the government of Italy and the European Union institutions in the context of supranational fiscal regulation in 2002–2019. The authors analyze the influence of external and internal factors on the state of public finance in Italy, note the reasons that made it difficult to meet the requirements of the Stability and Growth Pact, study the main issues on the agenda in the EU-Italy relations and their evolution. The authors also come to conclusion that unlike the earlier discussions about correcting budget deficit in Italy, current focus of supranational fiscal governance is shifted to preventing it, what challenges the economic sovereignty of Italy and country’s opportunities to conduct a discretionary fiscal policy.

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Cellini, Roberto, and Tiziana Cuccia. "UNESCO SITES AS PUBLIC GOODS: COMPARATIVE EXPERIENCES IN ITALY." Revista de Economia Contemporânea 20, no. 3 (September 2016): 553–69. http://dx.doi.org/10.1590/198055272037.

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ABSTRACT The inclusion of a site in the UNESCO World Heritage List is a "recognition" that can be interpreted as alocal public good. This paper analyzes the effectiveness of the UNESCO recognition in promoting tourism and, more generally, local economic development. We document relevant performance differences across Italian UNESCO sites. We argue that the relevant key factor is the ability of generating additional public goods, starting from the process of recognition. The most recent approach of UNESCO in selecting the sites to include in its list underlines the importance of the immaterial culture embedded in the sites, and the role of local communities in their relationships with the environment and heritage: this is interpreted as a sign of the importance which has to be due to the generation of common goods for making the UNESCO recognition an effective tool to preserve heritage and to use it to promote economic, social and cultural development.

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15

Auricchio, Marta, Emanuele Ciani, Alberto Dalmazzo, and Guido de Blasio. "Redistributive public employment? A test for the South of Italy." Economics Letters 186 (January 2020): 108787. http://dx.doi.org/10.1016/j.econlet.2019.108787.

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Aquino, André Carlos Busanelli de, Eugenio Caperchione, Ricardo Lopes Cardoso, and Ileana Steccolini. "Influências estrangeiras no desenvolvimento e inovações recentes em contabilidade e finanças do setor público na América Latina." Revista de Administração Pública 54, no. 1 (January 2020): 1–10. http://dx.doi.org/10.1590/0034-761220200057.

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Abstract The idea for this special issue was to contribute to the international literature on public sector accounting from a Latin-American perspective, exploring which forces influence Public Sector Accounting and Finance (PSA&F) artifacts and concepts in Latin America, and how they occur. There is evidence that later influences from countries such as Italy, the United Kingdom, the United States, and New Zealand played a role in PSA&F developments in Latin-America. However, the roots and the associated effects (e.g., recent innovations, resistances, decoupling) of PSA&F are still unanswered questions. Such ‘recent innovations’ on public financial management processes include but are not limited to accrual accounting, convergence towards IPSAS, risk assessment, auditing, and budgeting. This special issue contains four articles capturing different perspectives of influences and mechanisms of PSA&F in the region.

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17

Botticini, Maristella. "A Tale of “Benevolent” Governments: Private Credit Markets, Public Finance, and the Role of Jewish Lenders in Medieval and Renaissance Italy." Journal of Economic History 60, no. 1 (March 2000): 164–89. http://dx.doi.org/10.1017/s0022050700024694.

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This article illustrates the impact of Jewish lenders on private credit markets and public finance in medieval and Renaissance Italian towns. In Tuscan private credit markets, Jewish lending helped households to smooth consumption, buy working capital, and provide dowries for daughters. Jewish lenders also helped the public fmances of the communes in which they resided. This article shows that public-finance considerations affected the choice of the interest-rate ceiling Jews were allowed to charge. In many instances, the communes raised the interest-rate ceiling for Jewish lenders in order to tax or borrow the proceeds.

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Courbage, Christophe, Guillem Montoliu-Montes, and Joël Wagner. "The effect of long-term care public benefits and insurance on informal care from outside the household: empirical evidence from Italy and Spain." European Journal of Health Economics 21, no. 8 (July 11, 2020): 1131–47. http://dx.doi.org/10.1007/s10198-020-01215-7.

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Abstract This article uses cross-sectional data from the Survey of Health, Ageing, and Retirement in Europe (SHARE) database to test the effect of both long-term care (LTC) public benefits and insurance on the receipt of informal care provided by family members living outside the household in Italy and Spain. The choice of Italy and Spain comes from the fact that informal care is rather similar in these two countries while their respective public LTC financing systems are different. Our results support the hypothesis of LTC public support decreasing the receipt of informal care for Spain while reject it for Italy. They tend to confirm that the effect of public benefits on informal care depends on the typology of public coverage for LTC whereby access to proportional benefits negatively influences informal care receipt while access to cash benefits exerts a positive effect. Our results also suggest that private LTC insurance complements the public LTC financing system in place.

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Visconti, Roberto Moro. "Healthcare public-private partnerships in Italy: Assessing risk sharing and governance issues with PESTLE and SWOT analysis." Corporate Ownership and Control 13, no. 4 (2016): 122–31. http://dx.doi.org/10.22495/cocv13i4p12.

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Healthcare infrastructural investments are a key strategic issue in countries such as Italy, whose aging population faces severe public budget constraints, exacerbated by the unprecedented recession. The choice between traditional procurement (TP) and Public Private Partnerships/Project Finance (PPP/PF) is by now a cornerstone of public strategies concerning complex infrastructural investments. PESTLE and SWOT strategic analysis provides a systematic and comprehensive reflection of the external and internal operational environment but has infrequently been applied to infrastructural procurement. Risk sharing between public and private actors and consequent corporate governance and ownership issues are still under-investigated in the literature, especially if associated with innovative PESTLE and SWOT instruments. Evidence shows that PESTLE and SWOT analysis improves procurement choices and public-private partnering, softening governance concerns. Since empirical considerations about Italy may be globally extended, even beyond the healthcare industry, the audience of this study may conveniently widen well beyond its apparently narrow focus.

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Galli, Emma, and Fabio Padovano. "The Main Determinants of Public Deficits in Italy (1951-1991): Testing Three Alternative Explanations." Journal of Public Finance and Public Choice 16, no. 2 (October 1, 1998): 161–78. http://dx.doi.org/10.1332/251569298x15668907783184.

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Abstract The paper simultaneously tests the Keynesian, the optimal finance and the Public Choice theories of the determinants of public deficits on Italian 1951-1991 data using a cointegration analysis. The estimated model suggests that the Keynesian and the contingent liability theories show the highest explanatory power of deficits creation. The diagnostics of the estimates show that some conclusions are valid for the overall period and suggest the inclusion of other variables to increase the explanatory power of the model.

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21

Crescentini, Laura. "ITALY." International Social Security Review 46, no. 4 (October 1993): 72–75. http://dx.doi.org/10.1111/j.1468-246x.1993.tb00392.x.

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Salafia, Antonio. "ITALY." International Social Security Review 48, no. 3-4 (July 1995): 143–50. http://dx.doi.org/10.1111/j.1468-246x.1995.tb00449.x.

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Trizzino, Fabio. "ITALY." International Social Security Review 50, no. 2 (April 1997): 80–84. http://dx.doi.org/10.1111/j.1468-246x.1997.tb01069.x.

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Cepparulo, Alessandra, Francesca Gastaldi, Luisa Giuriato, and Agnese Sacchi. "Budgeting and implementing fiscal policy in Italy." Journal of Public Policy 34, no. 3 (April 24, 2014): 475–506. http://dx.doi.org/10.1017/s0143814x14000105.

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AbstractForecast errors in budgetary variables are frequent. When systematic, they are a source of concern, as they signal misconduct in fiscal policymaking, undermine the government’s credibility and compromise long-term fiscal sustainability. This paper analyses the characteristics of fiscal forecasting and implementation errors in Italy usingreal-timedata over the period 1998–2009. Several empirical methods are applied in order to identify the features of policymakers’ behaviour in preparing and implementing annual fiscal policy and to discover potential determinants in the formation of the implementation errors. Our results show that implemented budgetary plans systematically fall short one year ahead of ambitious planned adjustments for the main public finance aggregates. Fiscal illusion dominates revenue and GDP forecasting, and preliminary data releases are severely biased estimators of the final data, especially for expenditures. The role of the parliamentary session in driving a severe expenditure drift is confirmed.

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Chiaruttini, Maria Stella. "Woe to the vanquished? State, ‘foreign’ banking and financial development in Southern Italy in the nineteenth century." Financial History Review 27, no. 3 (December 2020): 340–60. http://dx.doi.org/10.1017/s0968565020000220.

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After Southern Italy became part of a new, national state in 1860, its financial sector was radically transformed under Piedmontese influence. This article challenges the conventional wisdom that the aggressive penetration of a Northern credit institution, the future Bank of Italy, into the South following unification harmed the local banking system and highlights instead its transformative role in modernising and deepening regional credit markets. On the basis of new statistics, banking and political records, this contribution shows that the introduction of ‘foreign’ banking from Northern Italy under the auspices of a national, constitutional government resulted in a financial revolution and a democratisation of credit supply to the advantage of the whole South. Public banking under the Bourbons had privileged the needs of an absolute government over those of the private economy and of the capital city over those of the rest of the country, retarding financial development. Credit undersupply and regional fragmentation could only be overcome through the integration of the South within a larger Italian market, in which, however, the lion's share went to a predominantly Northern institution.

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Ait Ouali, Meryem, and Mohamed Boussetta. "A Comparative Study of Local Financial Autonomy in Italy, France and Morocco." European Scientific Journal, ESJ 13, no. 34 (December 31, 2017): 151. http://dx.doi.org/10.19044/esj.2017.v13n34p151.

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Financing local communities relies on a complex network of taxes, subsidies and loans. In the last decade the network has undergone numerous transformations .The reforms implanted in past years changed the systems of public finance substantially. Therefore, financial local autonomy is a term that frequently employed in the literature of federalism and decentralization, but it’s rarely defined conceptually in a careful way to empirical research. Generally it expresses the capacity of local communities to have their own revenue and expenditure budget, distinct from that of the state in which revenue can cover expenses incurred to meet their requirements. Indeed it is a highly valued feature of good governance. This paper is dedicated to a study in theory and practice. Starting with an overview on background of theoretical approach of local financial autonomy, then comparing the experiences of two European countries France, Italy and Morocco in the field. The purpose of this paper is to clarify the meaning of local financial autonomy and give a structured overview of the factors that may potentially influence the liberty of sub national authorities with regard of their own revenue and expenditure budget. Based on indicators and taking into account empirical evidences offered by official statistical datas, established in recent years for evaluating the position of administrative territorial units in relation to central government. The analyses prove that there is no universal model of local public finance applicable to all countries, because each has its own specific historical, cultural and linguistic particularities.

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Aquino, André Carlos Busanelli de, Eugenio Caperchione, Ricardo Lopes Cardoso, and Ileana Steccolini. "Overseas influences on the development and recent innovations on public sector accounting and finance in Latin America." Revista de Administração Pública 54, no. 1 (January 2020): 1–10. http://dx.doi.org/10.1590/0034-761220200057x.

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Abstract The idea for this special issue was to contribute to the international literature on public sector accounting from a Latin-American perspective, exploring which forces influence Public Sector Accounting and Finance (PSA&F) artifacts and concepts in Latin America, and how they occur. There is evidence that later influences from countries such as Italy, the United Kingdom, the United States, and New Zealand played a role in PSA&F developments in Latin-America. However, the roots and the associated effects (e.g., recent innovations, resistances, decoupling) of PSA&F are still unanswered questions. Such ‘recent innovations’ on public financial management processes include but are not limited to accrual accounting, convergence towards IPSAS, risk assessment, auditing, and budgeting. This special issue contains four articles capturing different perspectives of influences and mechanisms of PSA&F in the region.

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28

Di Pietro, Giorgio, and Marcos Delprato. "Education and Civic Outcomes in Italy." Public Finance Review 37, no. 4 (February 27, 2009): 421–46. http://dx.doi.org/10.1177/1091142109332051.

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Mardas, Dimitri, George Papachristou, and Nikos C. Varsakelis. "Public Procurement and Foreign Direct Investment Across France, Germany, Italy and the UK." Atlantic Economic Journal 36, no. 2 (January 25, 2008): 183–93. http://dx.doi.org/10.1007/s11293-007-9105-7.

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Acconcia, Antonio, Giancarlo Corsetti, and Saverio Simonelli. "Liquidity and Consumption: Evidence from Three Post-Earthquake Reconstruction Programs in Italy." American Economic Journal: Macroeconomics 12, no. 3 (July 1, 2020): 319–46. http://dx.doi.org/10.1257/mac.20180190.

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In Italian regions hit by earthquakes, homeowners typically receive public funds to finance reconstruction. While these funds are strictly tied to reconstruction work, they are in part disbursed up front, leading to significant variation in cash on hand. We exploit this variation to study the effects of liquidity on relatively wealthy households’ consumption. We find a large and significant response in the first year that homeowners receive the cash and provide evidence that this response is driven by illiquid households with bank debt. Instead, we find no evidence that consumption responds to funds paid directly to firms, thus leaving households’ liquidity unaffected. (JEL E21, G51, H76, Q54, R31)

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Pardi, L. "Italy ∙ A Tool to Improve Public Contracting Efficiency: Digitalisation in the New Italian Public Procurement and Concession Code." European Procurement & Public Private Partnership Law Review 19, no. 1 (2024): 77–79. http://dx.doi.org/10.21552/epppl/2024/1/10.

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Damilano, Marina, and Cristina Rovera. "The Crowdfunding: A New Financial Instrument for the Start-Ups?" International Journal of Business and Management 13, no. 11 (October 12, 2018): 199. http://dx.doi.org/10.5539/ijbm.v13n11p199.

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Start-ups are new businesses, which need a good amount of equity to finance investments. Crowdfunding is an alternative instrument to collect money. It does not need the intervention of a bank, but allows to obtain the funds directly from the public by network platforms. This article focuses on the possibility for a start-up to raise capital through crowdfunding. The argument is quite known on an international level, even if scholars often focus on specific problems or on particular moments of the life cycle of the start-up. On the contrary, the two arguments are really new in Italy. The Italian crowdfunding market is young – the main increase in the platforms number (+63%) is between 2013 and 2014 - and the national regulation which allows to finance start-ups by crowdfunding is even more recent (latest legal document in 2017). The novelty of the topic explains the added value of this article. To the best of our knowledge, no previous study focused on the Italian start-ups financed by crowdfunding. We analyze the phenomenon from the birth of the different platforms (2005 for the first one) since the end of the first semester 2018.

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FELDMAN, GERALD D. "Civil commotion and riot insurance in fascist Europe, 1922–1941." Financial History Review 10, no. 2 (October 2003): 165–84. http://dx.doi.org/10.1017/s0968565003000143.

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Insurance for damage caused by public unrest became popular in post-1918 Central Europe and proved to be a profitable business, but one that became increasingly problematic because of the role of fascist regimes in promoting civil commotion. This article addresses some of the experiences of insurance companies, especially the Munich Reinsurance Company, when trying to manage policies covering political unrest and riot in Italy, Germany and Spain between 1922 and 1941. In the case of Italy in 1922, the new fascist regime forced the insurers to pay for damages caused by the Squadri. In Germany, the insurers were forced to assume a fictitious liability for damages done to the Jews in the Pogrom of November 1938. In Spain, Franco forced the insurance companies to treat Civil War damages as a civil commotion and make payouts despite their strenuous objections. These experiences demonstrated that civil commotion insurance was most safely marketed in democracies that provided enough unrest but also law and order to make it worthwhile.

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Fiorillo, Damiano. "Workers’ health and social relations in Italy." Journal of Economic Studies 43, no. 5 (October 10, 2016): 835–62. http://dx.doi.org/10.1108/jes-11-2014-0193.

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Purpose The purpose of this paper is to investigate whether social relations are associated with the health of workers. It uses two types of health status measures – self-reported and more objective health – and it considers two types of social relationships: individual social relations, measured through the frequency of meetings with friends; and contextual social relations, the average frequency with which people meet friends at the community level. Design/methodology/approach A probit model is estimated from the worker sample accounting for the possibility of selecting individuals in the labour market (selection equation). Then expanded probit models (including inverse Mills ratio) are used on both self-reported and more objective health measures using new data from an income and living conditions survey carried out in 2006 by the Italian Statistics Office. Robustness checks are employed to deal with possible problems when interpreting the results. Findings The study finds that social relations are correlated with health status of workers with differences among health outcomes. Social relations at the individual level are positively correlated with self-perceived health (SPH), negatively associated with chronic condition (CC) but not related to limitations in daily activities. Contextual social relations are negatively linked with CC and limitations in daily activities but not correlated with SPH. Research limitations/implications Although the results are consistent with the argument that individual and contextual social relations influence workers’ health, the author cannot prove causality. Social implications Improving the health of workers could reduce health inequalities and could increase work performance. The implication at a macro-economic level of an improvement in the health conditions of workers is relevant in Italy, where the level of labour productivity is low compared to the other developed countries (OECD, 2013). Policy makers should consider the benefits, both at social and economic level, of public policies designed to improve the social and physical infrastructure of social relations. Originality/value This paper is the first to relate individual and contextual social relations simultaneously to workers’ health. Moreover, it makes several other contributions to this area: it control for unobserved worker heterogeneity; it uses both subjective self-reported health as well as a more objective measure of health based on CC and limitations in activities of daily living; it adopts a multilevel approach to examine in the same framework the individual and contextual relationship of social relations with individual health status of workers, in so doing, filling a gap in the literature on social capital and public health.

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France, George. "Cost Containment in a Public-Private Health Care System: The Case of Italy." Public Budgeting & Finance 11, no. 4 (December 1991): 63–74. http://dx.doi.org/10.1111/1540-5850.00920.

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Arcelli, Mario. "Public Deficit and Monetary Course Change in Italy since 1981." Journal of Contextual Economics – Schmollers Jahrbuch 105, no. 2-3 (February 1, 1985): 327–39. http://dx.doi.org/10.3790/schm.105.2-3.327.

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SARKISYAN, Zhaklin M. "Models of Institutional Organization of Budgetary Control in Foreign Countries." Journal of Advanced Research in Law and Economics 9, no. 1 (September 25, 2018): 287. http://dx.doi.org/10.14505//jarle.v9.1(31).34.

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The article discusses some of the features, showing that experts distinguish the following models of institutional organization of budgetary control: parliamentary control, administrative control, judicial control. Parliamentary control in the field of Finance to produce to the Commission or parliamentary committees or audit bodies, for example, the chamber. Exercising budgetary control committees have certain features in different States as the order of the information and competence. Administrative and financial control in the public sectors the head of state, government and specialized bodies, in addition, ministries and agencies. Judicial financial control in the public sector carry out so-called judicial or quasi-judicial bodies, for example, the court of accounts in France, Italy, Spain etc.

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Vecchi, Veronica, Francesca Casalini, Niccolò Cusumano, and Velia Maria Leone. "PPP in Health Care—Trending Toward a Light Model: Evidence From Italy." Public Works Management & Policy 25, no. 3 (April 22, 2020): 244–58. http://dx.doi.org/10.1177/1087724x20913297.

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Italy, as many other countries, adopted the design–build–finance–maintain (DBFMO) Anglo-Saxon model to build new hospitals. This model proved to be rigid, nontransparent, nonvalue for money, and unaffordable. The aim of this article is to analyze the main drawbacks of the traditional DBFMO public–private partnerships (PPP) contract applied to the health care sector, by referring to the Italian experience, and to discuss the evolutions, conceived through an inductive/deductive approach, conducted in a context of deep collaboration between academia, health care authorities, and market players to make PPP contracts more value for money, flexible, and affordable. The article provides also an example of the role of academia in closing the rigor–practice gap by supporting and facilitating an institutional change.

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Battisti, Enrico, Fabio Creta, and Nicola Miglietta. "Equity crowdfunding and regulation: implications for the real estate sector in Italy." Journal of Financial Regulation and Compliance 28, no. 3 (January 10, 2020): 353–68. http://dx.doi.org/10.1108/jfrc-08-2018-0109.

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Purpose This paper gathers initial evidence about the nature and features of the equity crowdfunding model in Italy, especially in terms of regulations. The purpose of this study is to examine how equity crowdfunding might support the real estate sector in Italy. Design/methodology/approach To explore the recent initiatives in the development of FinTech in Italy, especially referring to equity crowdfunding’s instrument, a qualitative perspective is used. In particular, this paper relies on primary data from regulations and secondary data from the public domain, which are examined in relation to the current literature. Findings The results of this study show that equity crowdfunding represents a funding method that is rapidly increasing in Italy, despite rather rigid regulation. Among the various sectors involved, the real estate sector could benefit from the crowdfunding models and, specifically, from the equity one. The development of new real estate equity crowdfunding portals that allow diversification of investment (by reducing the typical entry barriers for real estate investment) could guarantee greater investment transparency and simplicity. Practical implications Real estate crowdfunding can be a simple way to invest in the real estate industry. Thanks to the use of technology, specifically internet-based platforms, this type of crowdfunding allows for small investors, as well as professional investors, to access an asset class otherwise not open to small investment tickets and improve the diversification of investments. Originality/value Although recent literature has examined the concept of crowdfunding and highlighted different models, aspects and campaigns, no prior studies, to the authors’ knowledge, have explicitly and jointly investigated, also based on the state of art of regulation, the equity crowdfunding model and the real estate sector in Italy.

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Bozio, Antoine, Carl Emmerson, Andreas Peichl, and Gemma Tetlow. "European Public Finances and the Great Recession: France, Germany, Ireland, Italy, Spain and the United Kingdom Compared." Fiscal Studies 36, no. 4 (December 2015): 405–30. http://dx.doi.org/10.1111/j.1475-5890.2015.12078.

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MATEVOSYAN, Ashot, and Ani GRIGORYAN. "The Philosophy of External Public Debt Management." WISDOM 24, no. 4 (December 25, 2022): 91–101. http://dx.doi.org/10.24234/wisdom.v24i4.945.

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The main goal of the presented article is to propose effective solutions in the philosophical context of the management of the foreign public debt of RA. The Government of the RA should adopt as a priority the philosophy of attracting borrowed funds from the domestic market. Considering also the fact that the Republic of Armenia relied on the philosophy of ensuring double-digit economic growth, having a long-term goal to increase the real GDP indicator, which will ultimately contribute to reducing the volume of debt obligations. As a priority contributing to this goal, the RA Government intends to significantly increase the volume of trade turnover[1], especially in connection with the current geopolitical situation, when Armenia, in particular, is the “gateway of Europe” for Russia, which is the main trading partner. [1] In 2021, major trading partners of the RA included Russia from the CIS countries (31.4% of trade turnover, compared to 30.6% of the previous year), and from the EU and other countries China (15% and 13.5%, respectively), Iran (6.0% and 5.6 %), Switzerland (4.6% and 6.6%), Germany (3.5% and 4.2%), Italy (3.4% and 3.3%), Bulgaria (2.7% and 2.4%) and the Netherlands (2.7% and 1.8%). Source: RA Ministry of Finance www.minfin.am.

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Bergantino, Angela Stefania, Antonella Biscione, Annunziata de Felice, Francesco Porcelli, and Riccardo Zagaria. "Kindergarten Proximity and the Housing Market Price in Italy." Economies 10, no. 9 (September 13, 2022): 222. http://dx.doi.org/10.3390/economies10090222.

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This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004–2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses’ market price between state and non-state premises. The findings highlight that (i) the level of housing price depends on kindergarten proximity; (ii) some quality school characteristics played a crucial role and (iii) the distinction between public and non-state kindergartens shows that the vicinity of the latter generates a more significant capitalization effect. Finally, the empirical evidence could be useful to several actors involved in urban planning when developing plans for the construction of new kindergartens in order to create a more homogeneous city.

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Dorigatti, Lisa, Anna Mori, and Stefano Neri. "Public, private or hybrid? Providing care services under austerity: the case of Italy." International Journal of Sociology and Social Policy 40, no. 11/12 (June 8, 2020): 1279–300. http://dx.doi.org/10.1108/ijssp-02-2019-0037.

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PurposeThe paper examines the different trajectories of externalisation and the development of different kinds of welfare mix in three different sub-sectors of socio-educational services: long-term care for the elderly, early childhood services and kindergartens. By integrating the industrial relations and comparative public administration literatures, it analyses the different rationales underpinning contracting-out decisions of Italian local governments.Design/methodology/approachThe paper adopts a multi-method, multi-level approach: quantitative data on the provision of socio-educational services and the nature of the providers are combined with the analysis of 12 case studies of municipalities through 80 semi-structured interviews and documentary analysis.FindingsThe paper argues that differentials in labour regulation across the public/private divide and the consequent possibility to access labour markets characterised by cheaper labour and higher organisational flexibility are a key explanation in local governments' decisions to outsource. Despite labour market factors playing a prominent role, their relevance is significantly tempered by political and social factors and particularly by the strong opposition of citizens, personnel and trade unions to pure market solutions in the provision of such services. However, the centrality of these factors depends on the nature of the services: political sensibility against privatisation proved to be stronger in kindergartens, while services for the elderly were more frequently and less contentiously privatised.Originality/valueThe main contribution is the integration of the two research traditions to analyse patterns of outsourcing in the socio-educational services in Italy, showing that neither of them is able, alone, to explain the different private/public mix characterising different social and educational services.

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Barillà, Stefania, Flavia Martinelli, and Antonella Sarlo. "Explaining the enduring deficit of public ECEC services in the south of Italy." International Journal of Sociology and Social Policy 40, no. 7/8 (May 28, 2020): 713–31. http://dx.doi.org/10.1108/ijssp-12-2018-0220.

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PurposeThis article seeks to explain why the public provision of early childhood education and care (ECEC) services in Reggio di Calabria – the largest city of the Calabria region in Southern Italy – has remained among the lowest in the country, failing to respond to the growing local demand for such services. Most of the limited formal supply of ECEC services currently available in the city is almost exclusively provided, for a fee, by private – until recently unregulated – day care centres, whereas households who cannot afford them must still rely on family care.Design/methodology/approachBased on original research findings, the article explains how such a supply configuration is the result of several concurrent factors – structural, institutional and cultural, on both the demand and the supply side of the service relation – and has been conditioned by both national and local specificities.FindingsThe complex interplay of these factors accounts not only for the enduring absence of an adequate public provision of ECEC services in the city and its region but also for the reproduction of an “unsupported” familistic model of care, while a loosely regulated private supply answers the growing demand coming from the working women who can afford it.Social implicationsThe lack of public ECEC, which was significantly aggravated by the 2008 financial crisis, represents a major constraint for women's emancipation and social justice in an already difficult socio-economic context.Originality/valueThe article provides in-depth knowledge on the enduring deficit of public ECEC services in a region and city that are little studied, together with a contextualized interpretation of its causes and implications.

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Festa, Giuseppe, S. M. Riad Shams, Gerardino Metallo, and Maria Teresa Cuomo. "Enhancing stakeholder networks in wine tourism – evidence from Italian small municipalities." EuroMed Journal of Business 15, no. 3 (November 29, 2019): 349–60. http://dx.doi.org/10.1108/emjb-02-2019-0027.

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Purpose The purpose of this paper is to explore validity and reliability of a possible collaboration model for wine tourism with a “public” basis, i.e. from the point of view of the municipality engaged in promoting the wine tourism industry insisting on the territory. Design/methodology/approach The survey, proposing a theoretical/empirical framework, has investigated, through an electronic platform, the municipalities belonging to the National Association of “Wine Cities.” Findings The research has demonstrated a substantial trustworthiness of the model, with further evidence about the underestimation of stakeholder networks on behalf of Italian small municipalities. A clear difference of perception between non-small municipalities and small municipalities has emerged with regard to the perceived relevance of the collaboration with the territorial wine tourism players/stakeholders. Practical implications A recent legislation in Italy, just focused on small municipalities, might help overcome these gaps, between non-small municipalities and small municipalities, releasing in the territories new energies for the development of wine tourism, from both planning and financing points of view. Originality/value Italy as country is the largest producer of wine in the world. Similarly, wine tourism, as additional wine business opportunity, is a successful phenomenon in Italy, even though with great margins of development (especially with comparison to the New World of Wine). One of the main limits of this delay is the lack of public-private collaboration, at widespread level, among the players/stakeholders of the sector. The model that has been proposed in this research contributes scientifically and practically to fill this gaps.

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KLYK, BOHDAN. "INSTITUTIONAL AND ORGANIZATIONAL SUPPORT OF EDUCATIONAL ACTIVITIES OF THE HIGHER EDUCATION INSTITUTIONS OF ITALY ON THE SPECIALTY “TOURISM”." Scientific Issues of Ternopil Volodymyr Hnatiuk National Pedagogical University. Series: pedagogy 1, no. 2 (November 23, 2021): 179–88. http://dx.doi.org/10.25128/2415-3605.21.2.23.

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Analyzed the institutional and organizational support of educational activities of higher education institutions in Italy in the specialty “Tourism”, which is the key to the successful functioning of educational activities. The regulatory legal acts of Italian higher education institutions included in the Shanghai Academic Ranking of World Universities (as of 2020), including the legal framework of the Italian higher education system, statutory and intra-university documents, and the like, have been investigated. The institutional and organizational support of the educational activities of Italian higher education institutions is characterized and their features are revealed. The goals of educational programs in the specialty “Tourism” of each of the rating higher education institutions are clarified and the analysis of the main professional orientations of the graduates of the corresponding universities is carried out. The purpose of the article. Highlight the institutional and organizational support of educational activities of Italian universities, which train specialists in «Tourism», by solving problems on the analysis of legal documents of such free economic zones, presentation of institutional and organizational support of educational activities and identifying their features. The study used theoretical and empirical research methods, including: analysis of the implemented statutory documents in the Italian higher education system; analysis of the peculiarities of the autonomy of Italian universities; comparison of the legal basis for the educational activities of Italian universities. Thus, it was found that the institutional basis of the educational activities of the Free Economic Zone of Italy in public and private ownership are the statutory documents and internal university regulations, which are based on regulations approved by the Italian government. Such documents in each of the five free economic zones are SAPIENZA Università degli Studi di Roma “La Sapienza”; University of Roma Studies «Tor Vergata»; University of Genoa Studies; University of Perugia Studies; Università degli Studi di Catania – became: university statute; regulations on administration, finance and accounting; general organizational provisions of the university; code of ethics; rules of conduct for employees; educational regulations of the university, etc. In the case of the structural units of the Italian Free Economic Zones, they are largely identical, comprising the Rector, the Academic Senate, the Board of Directors and the Administrative Departments, and are funded by tuition fees and financial assistance from public and private universities from the Italian Ministry of Education. (Ministero dell'Istruzione, dell'Università e della Ricerca – MIUR) and the Ministry of Economy and Finance of Italy (Ministero dell'Economia e delle Finanze). As for the peculiarities of educational training «Tourism», their goals, requirements and professional orientation are more identical in all free economic zones – is the training of highly qualified personnel in the field of tourism, on entry, the presence of a document of complete secondary education and the possibility of further employment in tourism enterprises. own business, etc.

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Burriel, Pablo, Javier J. Pérez, and Ivan Kataryniuk. "Computing the EU’s SURE Interest Savings with an Extended Debt Sustainability Analysis Tool." Revista Hacienda Pública Española 245, no. 2 (June 2023): 157–78. http://dx.doi.org/10.7866/hpe-rpe.23.2.6.

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The EU’s SURE programme provided loans to member states to fund public spending on unemployment schemes during the COVID-19 crisis. Funds were raised through securities issued on capital markets and disbursed as bilateral loans. This paper examines the interest savings from loans for Belgium, Spain, Portugal, and Italy using a Debt Sustainability Analysis tool extended to account for different types of debt. Results show signifcant interest savings under the SURE programme, with potential for even greater savings during periods of market stress.

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Seguiti, Maria Laura. "Financing Local Investments: The Cassa Depositi E Prestiti of Italy." Public Budgeting Finance 12, no. 3 (September 1992): 101–4. http://dx.doi.org/10.1111/1540-5850.00949.

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Chilosi, David. "Risky Institutions: Political Regimes and the Cost of Public Borrowing in Early Modern Italy." Journal of Economic History 74, no. 3 (August 29, 2014): 887–915. http://dx.doi.org/10.1017/s0022050714000631.

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By analyzing a newly compiled data set of interest rates on public annuities in early modern Italy, this article finds that the cost of borrowing fell in spite of growing debts and stagnating fiscal revenues. Feudalism and clerical interference increased the cost of borrowing, while parliaments, wars, and centralized fiscal institutions mattered little. The constitutional representation of creditors may have meant significant markups for republican oligarchs. These results cast doubts on the claim that the growth of absolutism was at the root of Italy's economic decline.

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Szilágyi, János Ede. "Some Values and Guarantees in the Ten-Year-Old Hungarian Constitution, with a Look at the Constitutional Arrangements of the Countries Founding the European Integration." Central European Journal of Comparative Law 2, no. 2 (November 20, 2021): 197–219. http://dx.doi.org/10.47078/2021.2.197-219.

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In this study, certain values and guarantee institutions of the Hungarian Fundamental Law are analysed in the light of the constitutions of the countries that have established European integration – Germany, France, Italy, and Belgium. Among the value systems, Christian culture and the family have been examined, while the study has also focused on the guarantees important for living conditions, such as strict public finance provisions, rules on emergency powers, and provisions guaranteeing a high level of protection for future generations and the environment. In addition to the analysis of the constitutions, the study makes several references to the jurisprudence of the countries concerned and to the most important aspects of constitutional developments in recent years.

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Journal articles on the topic 'Finance (Public), Italy'

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