A Pilot Study on Regional Financial Redistribution of the Italian Government Securities Over 2007-2017

newdigital A Pilot Study on Regional Financial Redistribution
of the Italian Government Securities Over 2007-2017

Article

journal	RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue	RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2020 - 2
title	A Pilot Study on Regional Financial Redistribution of the Italian Government Securities Over 2007-2017
authors	Veronica Polin Francesca Tartamella
publisher	Vita e Pensiero
format	Article \| Pdf
online since	10-2020
doi	10.26350/000518_000048
issn	0035-676X (print) \| 1827-7918 (digital)

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Description
It is well known how high and persistent is the Italian public debt and its cost borne by citizens. Less known is the territorial dimension of the redistributive effects of this burden. In this article we try to shine a light on the regional financial redistribution of government securities in Italy over a long period of time. According to our findings, the financing burden, estimated using alternative criteria, is borne by all regions and, for most regions, the enjoyed benefits, as securities holders, are not sufficient to offset the amount paid through taxes. Furthermore, the monetary losses are not homogeneously distributed at regional level: Southern regions and some of the centre show a greater financial disadvantage. Finally, our results show that household sector is almost always loser, and this finding does not depend on the type of possession considered (directly or directly plus indirectly) and on the financing criteria adopted. keywords Regional fiscal flows, Regional redistribution, Public debt. Authors biography Veronica Polin, Department of Economics, University of Verona. Email: veronica.polin@univr.it. Francesca Tartamella, Istat. Email: francetarta@gmail.com.

Description

It is well known how high and persistent is the Italian public debt and its cost borne by citizens. Less known is the territorial dimension of the redistributive effects of this burden. In this article we try to shine a light on the regional financial redistribution of government securities in Italy over a long period of time. According to our findings, the financing burden, estimated using alternative criteria, is borne by all regions and, for most regions, the enjoyed benefits, as securities holders, are not sufficient to offset the amount paid through taxes. Furthermore, the monetary losses are not homogeneously distributed at regional level: Southern regions and some of the centre show a greater financial disadvantage. Finally, our results show that household sector is almost always loser, and this finding does not depend on the type of possession considered (directly or directly plus indirectly) and on the financing criteria adopted.

keywords

Regional fiscal flows, Regional redistribution, Public debt.

Authors biography

Veronica Polin, Department of Economics, University of Verona. Email: veronica.polin@univr.it. Francesca Tartamella, Istat. Email: francetarta@gmail.com.

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A Pilot Study on Regional Financial Redistribution of the Italian Government Securities Over 2007-2017

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