Assessing the influence of socioeconomic drivers on Italian municipal financial destabilization

Emma Capalbo, Giuseppe Grossi

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)

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 languageEnglish
Pages (from-to)107-114
Number of pages7
JournalPublic Money & Management
Volume34
Issue number2
DOIs
Publication statusPublished - 2014

Swedish Standard Keywords

  • Economics and Business (502)

Keywords

  • Financial destabilization
  • Probit model
  • local fiscal stress
  • municipal bankruptcy

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