Stochastic Frontiers Approach: an Empirical Analysis of Italian Environmental Spending
- Autori: Auci, S; Castelli, A; Vignani, D
- Anno di pubblicazione: 2012
- Tipologia: eedings
- OA Link: http://hdl.handle.net/10447/78226
Abstract
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.