SUSTAINABILITY OF PUBLIC POLICY
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- Versione italiana
- Academic year
- 2016/2017
- Teacher
- ROSSELLA IRACI CAPUCCINELLO
- Credits
- 7
- Curriculum
- Green economy and sustainability
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/03
Training objectives
- The course aim is to analyze the impact on the budgets of public institutions to political, institutional and financial changes. In particular we will focus on the impact of changes in the electoral rules and the size of the territories that manage public expenditure and local taxes, analyzing the role of municipal unions. Finally, we analyze the impact on the composition of public spending and its own revenue of a centralization of fiscal powers.
At the end of the course the student is able to read and understand an international scientific article in applied public finance. To this end, she learns the tools needed to replicate the results of the articles presented in class. In particular she is provided the necessary instrumentation using econometric tools, by using STATA and EXCEL. Prerequisites
- Public Economics, Quantitative Methods for Economics, Statistical Methods for Economics
Course programme
- 1.Econometrics (32 hours)
1.1.OLS estimator
1.2.FE/RE estimator
1.3.Counterfactual methods
1.3.1.Difference in Difference
1.3.2.Discontinuity Regressions
1.3.3.Before/After analysis
1.3.4.Treated/no treated analysis
1.3.5.Randomized evaluation
Angrist J. D. and Pischke J. S. - Mostly Harmless Econometrics. Cap. 2, 3
2. Impact of two different majoritarian electoral systems (single and double ballot rule) on fiscal policy choices (9 hours)
Ferraresi M., Rizzo, L., Zanardi A. (2015) “Policy outcomes of single and double-ballot elections”, International Tax and Public Finance, Vol. 22, Issue 6, 977-998.
3.Do municipal unions produce efficiency gains? Analysis using financial economic and political data of municipalities and municipal unions of Emilia Romagna (9 hours).
Ferraresi M., Migali, G., Rizzo (2016) “Does Cooperation reduce Public Expenditures? Evidence from Italian Municipal Unions”.
4. Impact on public expenditure and revenue of local authorities after a tax centralization (9 hours).
Ferraresi M., Galmarini, U., Rizzo, L., Zanardi A. (2016) “Switch towards tax centralization in Italy: a wake up for the local political budget cycle”, WP IEB 2016/22.
5. Impact of public subsidies on the production of non-renewable energies. The role of institutional architecture of the state of the transparency of the decision-making framework (9 ore)
Ferraresi M., Kotsogiannis, C., Rizzo, L. (2016) “Decentralization and fuel subsidies”
Kotsogiannis, C., Rizzo, L. (2016) “Fuel-price subsidies and the control of corruption: a first approach” capitolo del libro “The Economics and Political Economy of Energy Subsidies” , MIT Press, Jon Strand (a cura di).
6. Four lunch seminars (4 hours)
Lunch Seminars organized by the Department of Economics and Management are mandatory in this course. Didactic methods
- Frontal lectures
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 the implementation of an exercise similar to that of the articles examined in class.
The exercise has the purpose to verify the knowledge of the topics explained in the course.
The final grade is given by the score obtained in the exercise. To pass the exam the student must obtain a minimum score of 18 out of 31. Reference texts
- Angrist J. D. and Pischke J. S. - Mostly Harmless Econometrics. Cap. 2, 3
Ferraresi M., Rizzo, L., Zanardi A. (2015) “Policy outcomes of single and double-ballot elections”, International Tax and Public Finance, Vol. 22, Issue 6, 977-998.
Ferraresi M., Migali, G., Rizzo (2016) “Does Cooperation reduce Public Expenditures? Evidence from Italian Municipal Unions”. (provided by the teacher)
Ferraresi M., Galmarini, U., Rizzo, L., Zanardi A. (2016) “Switch towards tax centralization in Italy: a wake up for the local political budget cycle”, WP IEB 2016/22.
Ferraresi M., Kotsogiannis, C., Rizzo, L. (2016) “Decentralization and fuel subsidies.” (provided by the teacher)
Kotsogiannis, C., Rizzo, L. (2016) “Fuel-price subsidies and the control of corruption: a first approach” capitolo del libro “The Economics and Political Economy of Energy Subsidies” , MIT Press, edited by Jon Strand.
Further materials (exercises and simulations) available on the web page of teacher.
