期刊名称：Electronic Journal of Applied Statistical Analysis
电子版ISSN：2070-5948
出版年度：2019
卷号：12
期号：1
页码：277-302
DOI：10.1285/i20705948v12n1p277
出版社：University of Salento
摘要：The recent crisis saw the Italian household cutting consumption spending
reshaping expenses behaviors. In this respect, the role of macroeconomic
factors like institutions received poor theoretical and empirical attention and
is little investigated. Based on the ISTAT Household Budgetary Survey,
this paper focuses on the effects of crisis on selected consumption items
(energy; healthcare; leisure; travels; out-of-home food) controlling for micro
and macro factors, such the Institutional-Quality-Index (Nifo and Vecchione,
2014, 2015) and the regional GDP. IQI emerges as crucial in determining
household healthcare expenses before the recession: where the local
endowment of institutional quality is higher, the private expenses for medical/dental
care, pharmaceuticals and diagnostic tests, significantly decrease.
The higher the quality of institutional quality, and then of public health services,
the lower the private expenditure. The recession resets the impact of
IQI and increases the positive correlation with strictly microeconomic variables
such as income, wealth and the number of households’ earners.
其他摘要：The recent crisis saw the Italian household cutting consumption spending reshaping expenses behaviours. In this respect the role of macroeconomic fac- tors like institutions has received poor theoretical treatment and is scarcely proven. Based on the Istat Household Budgetary Survey, this paper focuses on the effects of crisis on selected consumption items (energy; healthcare; leisure; travels; eating out) controlling for micro and macro factors, such the Institutional-Quality-Index (IQI) and the regional GDP. IQI emerge as cru- cial in determining household healthcare expenses before the recession: where the local endowment of institutional quality is higher, the private expenses for medical/dental care, pharmaceuticals and diagnostic tests, significantly decrease. The higher the quality of institutional quality, and then of pub- lic health services, the lower the private expenditure. The recession resets the impact of IQI and increases the positive correlation with strictly microe- conomic variables such as income, wealth and the number of household’s earners.
