Vulnerability factors shaping municipal resilience throughout the global financial crisis: comparing Italy and France

Céline Du Boys (1, 2) , Emanuele Padovani (3) , Alice Monti (4)

1 CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille
2 AMU IMPGT - Institut de management public et de gouvernance territoriale
3 UNIBO - Alma Mater Studiorum Università di Bologna [Bologna]
4 University of Bologna/Università di Bologna

The global financial crisis has challenged local governments (LGs) as they are specific targets for restoring public finances in many countries. The shock has been more or less intense depending on the national context and policies, and on individual situations and strategies. Our research aims at better understanding how perceived national, local and internal factors of vulnerability have influenced the reaction of LGs to the global financial crisis. We found that (a) municipalities react to national economic trends depending on the municipality austerity policies imposed by the central state, (b) local factors seem not always significant, as they might influence long-term instead of short-term financial policies, and (c) there are similar reactions across countries on revenues and expenditures to grants variation, short-term financial distress and budget rigidity.

Domains: Humanities and Social Sciences; Economics and Finance; Humanities and Social Sciences; Business administration

Céline Du Boys, Emanuele Padovani, Alice Monti. Vulnerability factors shaping municipal resilience throughout the global financial crisis: comparing Italy and France. EGPA Annual conference, Sep 2017, Milan, Italy. ⟨hal-02057637⟩