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- Publisher
- Springer Journals
- Copyright
- 2018 Springer International Publishing AG, part of Springer Nature
- ISSN
- 1120-2890
- eISSN
- 1973-820X
- DOI
- 10.1007/s40888-018-0124-4
- Publisher site
- See Article on Publisher Site
Abstract
Abstract In the ‘austerity debate’ a crucial issue is the composition of fiscal adjustment. This article provides empirical evidence on the relationship between economic crisis episodes and composition of public expenditure by examining the impact of economic crises on the share of different types of public spending in total public expenditure in the Italian regions. Our results suggest that fiscal consolidation strategies have not had growth-friendly expenditure composition. The crisis aggravated budgetary trade-offs by reducing the share of discretionary spending such as public investments.
Journal
"Economia Politica" – Springer Journals
Published: Aug 1, 2018
Keywords: Economic Policy; International Political Economy