The public finance response to floods of local governments in Italy.
Fiscal policy of local governments
Floods
Resilience
Vulnerability
Journal
Journal of environmental management
ISSN: 1095-8630
Titre abrégé: J Environ Manage
Pays: England
ID NLM: 0401664
Informations de publication
Date de publication:
15 Apr 2023
15 Apr 2023
Historique:
received:
04
07
2022
revised:
11
01
2023
accepted:
21
01
2023
pubmed:
3
2
2023
medline:
4
3
2023
entrez:
2
2
2023
Statut:
ppublish
Résumé
This paper aims to empirically test the dynamics of budget outcomes of Italian municipalities in the aftermath of floods by accounting for heterogeneous levels of resilience and vulnerability to natural disasters. Our findings are based on a dynamic difference-in-differences model after propensity score matching. They point to substantial impacts in terms of increased capital expenditure and revenues from transfers, which depend on the degree of resilience and vulnerability. Through our analysis, we account for multiple aspects of risk to support policy decisions related to both ex-ante and ex-post disaster occurrence management.
Identifiants
pubmed: 36731408
pii: S0301-4797(23)00140-8
doi: 10.1016/j.jenvman.2023.117352
pii:
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
117352Informations de copyright
Copyright © 2023 Elsevier Ltd. All rights reserved.
Déclaration de conflit d'intérêts
Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.