Federalism and competitiveness

The work, sponsored and carried out by Unioncamere Veneto and the Regional Council of Veneto through the Observatory on Federalism and Public Spending, has been possible thanks to the collaboration of the Regional Department on Economic and Institutional Development. The research provides an update on the geography of fiscal imbalance in Italy and Europe and describes in detail the economic benefits that might arise from the implementation of fiscal federalism.. On the eve of the much awaited road map for fiscal federalism, we show how the stalemate on reforms is damaging the competitiveness of the regions that have greater fiscal capacity and are more dynamic. We estimate that the “Calderoli Draft”, which incorporates some of our previous work, will create a favourable fiscal environment that will boost competitiveness for the whole Country.