Abstract
The influence of external factors on local government finances, particularly bankruptcies, is much debated. This paper investigates the relationship between regional socioeconomic features and those Italian municipalities that have been declared ?financially destabilized? (i.e. bankrupt). Statistical evidence confirms that municipalities located in regions with particular socioeconomic features are less exposed to financial destabilization. An early model that attempts to predict local fiscal stress is presented.
| Original language | English |
|---|---|
| Pages (from-to) | 107-114 |
| Number of pages | 7 |
| Journal | Public Money & Management |
| Volume | 34 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2014 |
Swedish Standard Keywords
- Economics and Business (502)
Keywords
- Financial destabilization
- Probit model
- local fiscal stress
- municipal bankruptcy