Replication data for: Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
Principal Investigator(s): View help for Principal Investigator(s) Antonio Acconcia; Giancarlo Corsetti; Saverio Simonelli
Version: View help for Version V1
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Project Citation:
Acconcia, Antonio, Corsetti, Giancarlo, and Simonelli, Saverio. Replication data for: Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112837V1
Project Description
Summary:
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A law issued to combat political corruption and Mafia infiltration of city councils in Italy has resulted in episodes of large, unanticipated, temporary contractions in local public spending. Using these episodes as instruments, we estimate the output multiplier of spending cuts at provincial level—controlling for national monetary and fiscal policy, and holding the tax burden of local residents constant—to be 1.5. Assuming that lagged spending is exogenous to current output brings the estimate of the overall multiplier up to 1.9. These results suggest that local spending adjustment may be quite consequential for local activity.
Scope of Project
JEL Classification:
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D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
E62 Fiscal Policy
H71 State and Local Taxation, Subsidies, and Revenue
K42 Illegal Behavior and the Enforcement of Law
D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
E62 Fiscal Policy
H71 State and Local Taxation, Subsidies, and Revenue
K42 Illegal Behavior and the Enforcement of Law
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