In: Journal of regional science, 2020, vol. 60, no. 3, p. 481-516
We analyze the response of municipalities to the occurrence of natural disasters in terms of spending behavior, use of upper tier transfers and recovery, using balance sheet data of about 8000 Italian municipalities for the period 2000-2015 and the universe of earthquakes events. We find evidence of increasing expenditure for about 12 years after the shocks, with asymmetric responses between...
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We analyze the response of municipalities to the occurrence of natural disasters (earthquakes) in Italy, in terms of spending behavior, use of upper tier transfers and recovery. We find evidence of increasing expenditure for about 12 years after the shock, with asymmetric responses between matching (earthquake-related) and unconditional grants, and heterogeneous flypaper effects across the...
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Argentina is the principal source of tourism in Uruguay. This paper analyzes the effects in the long run of tourism from Argentina on the economic growth of Uruguay. Using quarterly data from 1987.I to 2006.IV, the study uses co-integration analysis and shows the existence of one cointegrated vector among Uruguayan real per capita GDP, Argentinean tourism expenditure, and real exchange rate...
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