ECONOMICS AND PUBLIC FINANCE
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- Versione italiana
- Academic year
- 2022/2023
- Teacher
- LEONZIO GIUSEPPE RIZZO
- Credits
- 9
- Curriculum
- Politiche e performance pubbliche
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/03
Training objectives
- The aim of the course is the study of the of the public budget formation and its link with public budgets of the other government layers, with a particular focus on the implementation of an appropriate intergovernmental transfer scheme. The house will deal also with the dynamics of the public debt making a focus on the health and pensions expenditure
At the end of the course the student is able to analyze and read the budgets of state and local authorities and to take out financial items necessary to the estimate of the standard expenditure for lower government levels, which then will be used to implement transfers coming from the central government. The student will learn the tools needed to make the estimate of the standard expenditure and to use it for the purpose of an intergovernmental allotment through the STATA and EXCEL software. Prerequisites
- Public Economics, Quantitative Methods for Economic Analysis, Statistical Method in Economics
Course programme
- 1. Federalism
Lecture notes available on the teacher’s website
2. Intergovernmental transfers design
Galmarini U. e L. Rizzo. Spesa Standard e Perequazione della Capacità Fiscale dei Comuni, in La Finanza Pubblica Italiana, Rapporto 2008, Maria Cecilia Guerra & Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 249-275, 2008.
Rizzo L. e A. Zanardi. Filling Fiscal Gaps in Italy: a Challenging Task for the Federal Reform,in IEB’s World Report on Fiscal Federalism, N. Bosch & A. Solé (Editors), IEB, 2011.
Lecture notes available on the teacher’s website
3. Exercises on a federal reform – World Bank
Shah, A. (1994) A Fiscal Need Approach to Equalization Transfers in a Decentralized
Federation, World Bank Policy Research Working Paper 1289, Washington, DC.
Lecture notes and exercises available on the teacher’s website
4. Exercises on the law 42/2009: the implementation of the fiscal reform
Rizzo L. e Bertin L. Simulazione finanziaria della legge delega 42/2009: una proposta di riparto e prime valutazioni, Economia Pubblica, 1-6, 105-125, 2010.
Exercises available on the teacher’s website
5. Estimating expenditure and cost functions for Italian municipalities Exercises with STATA and Excel
- Estimates of standard expenditure and standard cost
- Methodology for the allocation of public resources among municipalities of one region
Ferraresi M. e L. Rizzo. Fabbisogni e costi nella stima della spesa standard: una simulazione per i comuni Pugliesi, Politica Economica, XXVIII (3), 343-369, 2012.
6. Public Accounting and Budget Law (+exercises)
Bosi and exercises available on the teacher’s website
7. Public Debt: theory and exercises
Exercises available on the teacher’s website
8. Pension System
Bosi
Exercises available on the teacher’s website
9. Dynamics of Health expenditure
10. Welfare expenditure, measures of inequalities and poverty
Bosi
Exercises available on the teacher’s website
Students' group assignments. Didactic methods
- Class and recorded lectures. The course is structured in 46% blended mode and precisely in 11 recorded lectures and 13 lectures in presence in the classroom.
For information on attendance see: http://www.unife.it/economia/lm.economia/studiare/orario-lezioni Learning assessment procedures
- Written examination
The course exam is devoted to test the level of achievement of the previously indicated training objectives. The exam consists of two open-ended questions and one exercise in the lab on the estimate of standard expenditure and the allotment of financial resources.
The two open-ended questions and the exercise have the purpose to verify the knowledge of the topics explained in the course.
It is possible to substitute one open-ended question with an assignment due during the course.
The final grade is the sum of the scores of the two open-ended questions and the exercise. The exercise is given 19 points and the open-ended questions are give 6 point each. To pass the exam the student must obtain a minimum score of 18 out of 31. Reference texts
- Bosi P. - Corso di Scienza delle Finanze
Leonzio Rizzo e Alberto Zanardi. Federalismo Fiscale sotto stress finanziario, in La Finanza Pubblica Italiana, Rapporto 2012, Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 199-233, 2012.
Leonzio Rizzo. Dal patto di stabilità all’attuazione del pareggio di bilancio per i governi locali: criticità e possibili soluzioni, Centro studi sul federalismo, Torino, 2016.
Galmarini U. e L. Rizzo. Spesa Standard e Perequazione della Capacità Fiscale dei Comuni, in La Finanza Pubblica Italiana, Rapporto 2008, Maria Cecilia Guerra & Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 249-275, 2008.
Rizzo L. e A. Zanardi. Filling Fiscal Gaps in Italy: a Challenging Task for the Federal Reform,in IEB’s World Report on Fiscal Federalism, N. Bosch & A. Solé (Editors), IEB, 2011.
Rizzo L. e Bertin L. Simulazione finanziaria della legge delega 42/2009: una proposta di riparto e prime valutazioni, Economia Pubblica, 1-6, 105-125, 2010.
Shah, A. (1994) A Fiscal Need Approach to Equalization Transfers in a Decentralized
Federation, World Bank Policy Research Working Paper 1289, Washington, DC.
Ferraresi M. e L. Rizzo. Fabbisogni e costi nella stima della spesa standard: una simulazione per i comuni Pugliesi, Politica Economica, XXVIII (3), 343-369, 2012
