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Public capital and expenditure efficiency. A regional and sectoral analysis of the last 30 years in Italy

Author

Listed:
  • Sergio Destefanis

    (University of Salerno)

  • Giulia Nunziante

    (Sapienza University of Rome)

Abstract

Developing upon Golden and Picci (2005) measure of corruption, we construct a comprehensive dataset for 20 Italian NUTS2 regions. This dataset includes measures of infrastructure in physical terms throughout 1987-2019 for thirteen intermediate categories and six main classes of assets, monetary measures of public capital stock (based on the PIM approach), spanning the 1890-2019 period, for nine asset classes, and a time-varying index of sectoral public expenditure efficiency throughout 1987-2019. Relevant novelties of the new dataset are its wide time range, and the availability of information for six asset classes, as well as for core, noncore and total infrastructure aggregates. An exploratory exercise investigates the impact of the new index of public spending efficiency on the effectiveness of cohesion policies upon GDP per capita. Our findings indicate that this index significantly influences the impact of national capital-account expenditures (especially national public investments) on GDP per capita.

Suggested Citation

  • Sergio Destefanis & Giulia Nunziante, 2024. "Public capital and expenditure efficiency. A regional and sectoral analysis of the last 30 years in Italy," Discussion Paper series in Regional Science & Economic Geography 2024-08, Gran Sasso Science Institute, Social Sciences, revised Oct 2024.
    • Handle: RePEc:ahy:wpaper:wp52
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    More about this item

    Keywords

    Golden -Picci corruption index; physical measures of infrastructure; perpetual inventory method; cohesion policies;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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