The chapter offers a necessary summary of the key concepts of financial conditions, financial sustainability and intergenerational equity in local governments, through a close examination of different approaches. Focusing on a narrative literature review approach, the chapter has two main aims. First, to provide evidence on how to define the terms of theoretical and practical underpinnings to represent financial conditions in local governments, in order to clarify the distinctive feature of financial conditions, with a particular focus on the specific measures for budgetary solvency: sustainability, flexibility, and vulnerability. Second, taking into account that the link between financial sustainability and intergenerational equity seems to be under-investigated, the authors discuss what the conditions for achieving financial health are while ensuring intergenerational equity with reference to the level of citizens’ quality of life.
Citro, F., Lucianelli, G., Santis, S. (2018). Financial conditions, financial sustainability, and intergenerational equity in local governments: A literature review. In M. P. Rodríguez Bolívar and María Deseada López Subires (a cura di), Financial Sustainability and Intergenerational Equity in Local Governments (pp. 101-124). IGI GLOBAL [10.4018/978-1-5225-3713-7.ch005].
Financial conditions, financial sustainability, and intergenerational equity in local governments: A literature review
Lucianelli G.;
2018-01-01
Abstract
The chapter offers a necessary summary of the key concepts of financial conditions, financial sustainability and intergenerational equity in local governments, through a close examination of different approaches. Focusing on a narrative literature review approach, the chapter has two main aims. First, to provide evidence on how to define the terms of theoretical and practical underpinnings to represent financial conditions in local governments, in order to clarify the distinctive feature of financial conditions, with a particular focus on the specific measures for budgetary solvency: sustainability, flexibility, and vulnerability. Second, taking into account that the link between financial sustainability and intergenerational equity seems to be under-investigated, the authors discuss what the conditions for achieving financial health are while ensuring intergenerational equity with reference to the level of citizens’ quality of life.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
