Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/267499 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 034.2022
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
This paper aims at empirically testing 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, based on a dynamic difference-in-difference after propensity score matching, point to substantial impacts in terms of increased capital expenditure and revenues from transfer, which also depend on the degree of resilience and vulnerability. Through our analysis we account for multiple aspects of risk so we can support policy decisions related to both ex-ante and ex-post disaster occurrence management.
Subjects: 
Floods
Fiscal Policy of Local Governments
Resilience
Vulnerability
JEL: 
H2
H72
Q54
Document Type: 
Working Paper

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