Course teached as: B026372 - FINANZA DEGLI ENTI LOCALI Second Cycle Degree in POLITICS, INSTITUTIONS AND MARKET Curriculum ISTITUZIONI E MERCATI
Teaching Language
Italian
Course Content
First and second generation of the Fiscal Federalism Theory. Use of this theoretical approach to understand the functions allocated at the European level, both in the expenditures' side and for the revenues' side of the public budget. The last reform of the Italian local and regional financial system: the constitutional framework and the detailled legislation. In depth-analysis will be performed on local debt management and on local capital expenditure sustainability.
References for the 9 CFU examination.
-Rosen H.S. e Gayer T., Scienza delle finanze, McGraw Hill. Edition 2014. Chapters 21 e 22.
-Liberati P., Il federalismo fiscale –Aspetti teorici e pratici- Hoepli 1999. Chapters 1 e 2
-Piperno S., La finanza decentrata in Italia, Chapters from 1 to 5, compresi.
-W.E.Oates, (2005) Towards a Second Generation Theory of Fiscal Federalism,
International tax and public finance 12, 349–373, 2005
-Cullis J. and Jones P., Public finance and public choice, Chapter: Local Governement (from Public choice and intergovernamental grants: “the flypaper effect”- to the end of the chapter)
-Patrizii V, Rapallini C., Zito G., I Patti di Stabilità Interni, Rivista Italiana di diritto tributario e scienza delle finanze n.4/2006
Individual additional references will be on e-learning-unifi.
References for the 6 CFU examination
Rosen H.S. e Gayer T., Scienza delle finanze, McGraw Hill. Edition 2014. Chapter 21.
Liberati P., Il federalismo fiscale –Aspetti teorici e pratici- Hoepli 1999. Chapters 1 e 2
W.E.Oates, (2005) Towards a Second Generation Theory of Fiscal Federalism,
International tax and public finance 12, 349–373, 2005
Cullis J. and Jones P., Public finance and public choice, Chapter Local Governement
(from Public choice and intergovernamental grants: “the flypaper effect”- to the end of the chapter). Individual additional references will be on e-learning-unifi.
Learning Objectives
Students should be able to read a local public budget and to discuss the recent
Italian reform in the light of the theory of fiscal federalism. They should be able to
use the fiscal federalism approach to understand the allocation of powers in the
European design of functions
Prerequisites
Two exams of economics of the university degree are highly advised. The course
will be most fruitful for those students who have already some knowledge on public
finance.
Teaching Methods
Mainly lectures. Seminar activities will be prepared by students and evaluated for
the final marks. A few seminars by experts will be given on specific topics
Further information
No
Type of Assessment
The final evaluation will be differentiated according to the participation to the lessons by the student. In particular, for whom will follow the lectures by taking an active part, i.e. presenting a scientific paper selected by the teacher, the evalutation of the presentation weigh one-third of the final grade. Those who will not follow the lessons, it is required to present a written essay, to be delivered a week before the final examination, based on the readings suggested by the teacher. The final exam will be oral, and its outcome weighs for the remaining two-thirds on the final grade. The oral exam consists of three or four questions, which necessarily cover both the theoretical part of the course, with the presentation of theorems in graphical form, both the institutional part, which is the presentation and discussion of the legal texts governing the Italian local finance at present.
Course program
In the first module the main theorems of the theory of fiscal federalism will be
illustrated, as well as the methods of financing of local authorities suggested by economic theory. In this framework, we will show the differences between the so called fiscal federalism theory of first and second generation. The analysis of how the illustrated theoretical approach can be used to figure out some issues related to
the allocation of expenditure and revenue powers also at European level
governance will follows. Some insights on the major items of the FF theorists will be presented by the students during this first module. The second module will be devoted to fiscal decentralization in Italy: in particular
the recent reform of the Title V of the Constitution will be presented togheter with the Law 42/2009 for financing of municipalities, provinces and regions, and its implementing decrees. Some articles of analysis and criticism of this process will be presented in the form of seminars by students during the module itself. Two speical issues will be considered in depth with the help of experts: the new forms of financing investments of local authorities (such as project financing) and
those related with the debt management (eg through the use of derivatives). The internal Stability Pact and the coordination issue with the European Stability and Growth Pact will be the last topic investigated through this course.