Search results for "environmental spending"
showing 2 items of 2 documents
Stochastic Frontiers Approach: an Empirical Analysis of Italian Environmental Spending
2012
Using the stochastic frontiers approach (SFA) on a panel of Italian regional data, this paper tries to analyse the optimal design of environmental spending. The main question is, so forth, studying centralization vs decentralization of a public economic function, such as the protection of the environment, in order to improve the welfare of a country. Empirical results on Italy are ambiguous: the changing from a centralized to a decentralized government, giving more autonomy to local units, does not highlight a clear improvement in regional economic performance.
Local vs. National Environmental Spending: A Stochastic Frontier Analysis
2012
This work studies the impact of public environmental spending in a fiscal federalist framework. The main question is studying when the centralization of this public economic function is welfare improving. Applying the Stochastic Frontier Approach (SFA) on Italian, Portuguese and Slovakian data, the paper tries to test this issue. Our results highlight the superiority of centralized environmental spending with respect to the decentralization of this particular public good.