IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/2022410.html
   My bibliography  Save this article

La riqualificazione del patrimonio edilizio: un bilancio delle recenti misure di incentivazione (The renovation of the building stock: an assessment of the recent incentive measures)

Author

Listed:
  • Luca Papi

    (Universita' Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali)

Abstract

Il lavoro propone una sistematica valutazione economica di due importanti e recenti interventi di politica economica (i cosiddetti "bonus facciate" e "superbonus 110%") con i quali sono state introdotte generose agevolazioni fiscali per ristrutturare e riqualificare il patrimonio edilizio privato italiano. I risultati della nostra analisi considerano le due misure meritevoli negli obiettivi, ma criticabili nella progettazione e nelle modalita' di attuazione per gli effetti negativi in termini di spesa, efficienza ed equita'. Il lavoro si conclude discutendo alcuni suggerimenti correttivi delle due misure adottate. The paper proposes a systematic economic evaluation of two important and recent economic policy measures (the so-called "bonus facciate" and "superbonus 110%") that have introduced generous tax breaks to restructure and redevelop the Italian private building stock. The results of our analysis consider the two measures meritorious in their objectives, but criticizable in the design and in the implementation methods due to the negative effects in terms of spending, efficiency and equity. The work concludes by discussing some corrective suggestions of the two measures adopted.

Suggested Citation

  • Luca Papi, 2022. "La riqualificazione del patrimonio edilizio: un bilancio delle recenti misure di incentivazione (The renovation of the building stock: an assessment of the recent incentive measures)," Moneta e Credito, Economia civile, vol. 75(300), pages 491-509.
    • Handle: RePEc:psl:moneta:2022:410
    as

    Download full text from publisher

    File URL: https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/17951/16933
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sebastian Gechert, 2015. "What fiscal policy is most effective? A meta-regression analysis," Oxford Economic Papers, Oxford University Press, vol. 67(3), pages 553-580.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    2. Hollmayr, Josef & Kuckuck, Jan, 2018. "Fiscal multipliers of central, state and local government and of the social security funds in Germany: Evidence of a SVAR," Discussion Papers 28/2018, Deutsche Bundesbank.
    3. Vanda Almeida & Salvador Barrios & Michael Christl & Silvia Poli & Alberto Tumino & Wouter Wielen, 2021. "The impact of COVID-19 on households´ income in the EU," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(3), pages 413-431, September.
    4. Gechert, Sebastian & Heimberger, Philipp, 2022. "Do corporate tax cuts boost economic growth?," European Economic Review, Elsevier, vol. 147(C).
    5. Philipp Heimberger, 2024. "Fiscal consolidation and its growth effects in euro area countries: Past, present and future outlook," FMM Working Paper 109-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Ianc, Nicolae-Bogdan & Turcu, Camelia, 2020. "So alike, yet so different: Comparing fiscal multipliers across EU members and candidates," Economic Modelling, Elsevier, vol. 93(C), pages 278-298.
    7. Nazila Alinaghi & W. Robert Reed, 2021. "Taxes and Economic Growth in OECD Countries: A Meta-analysis," Public Finance Review, , vol. 49(1), pages 3-40, January.
    8. Achim Truger, 2021. "Reform der EU-Fiskalregeln nach Corona wichtiger denn je," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(2), pages 94-98, February.
    9. Francesco Saraceno, 2018. "The end of the consensus ? The economic crisis and the crisis of macroeconomics," SciencePo Working papers Main hal-03443466, HAL.
    10. Achim Truger, 2020. "Reforming EU Fiscal Rules: More Leeway, Investment Orientation and Democratic Coordination," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(5), pages 277-281, September.
    11. Francesco Saraceno, 2018. "The end of the consensus ? The economic crisis and the crisis of macroeconomics," Post-Print hal-03443466, HAL.
    12. Dell'Erba, Salvatore & Koloskova, Ksenia & Poplawski-Ribeiro, Marcos, 2018. "Medium-term fiscal multipliers during protracted economic contractions," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 35-52.
    13. Branimir Jovanovic, 2017. "Growth forecast errors and government investment and consumption multipliers," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(1), pages 83-107, January.
    14. Ramey, V.A., 2016. "Macroeconomic Shocks and Their Propagation," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 71-162, Elsevier.
    15. Jan Čapek & Jesús Crespo Cuaresma, 2020. "We just estimated twenty million fiscal multipliers," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(3), pages 483-502, June.
    16. Sebastian Gechert & Ansgar Rannenberg, 2014. "Are Fiscal Multipliers Regime-Dependent? A Meta Regression Analysis," IMK Working Paper 139-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    17. Sebastian Gechert & Christoph Paetz & Paloma Villanueva, 2016. "Top-Down vs. Bottom-Up? Reconcilling the Effects of Tax and Transfer Shocks on Output," IMK Working Paper 169-2016, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    18. Clemens Fuest & Klaus Gründler & Niklas Potrafke & Marcel Fratzscher & Alexander Kriwoluzky & Claus Michelsen & Michael Hüther & Peter Bofinger & Lars P. Feld & Wolf Heinrich Reuter, 2019. "Schuldenbremse — Investitionshemmnis oder Vorbild für Europa? [Debt Brake — Investment Barrier or Role Model for Europe?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(5), pages 307-329, May.
    19. Jaime Flórez Bolanos, 2020. "Los efectos tributarios en los sectores de la economía colombiana," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 39(70), pages 141-166, July.
    20. Christoph Peatz, 2020. "Fiscal Rules in Good Times and Bad," IMK Working Paper 206-2020, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

    More about this item

    Keywords

    Housing sector; Fiscal Incentives; Superbonus 110%;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:psl:moneta:2022:410. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.