Roberto Iacono Mauro Viccaro

The Basilicata Wealth Fund

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This paper introduces a novel resource policy for the resource-rich Southern Italian region of Basilicata. This policy consists of establishing a regional wealth fund, the Basilicata Wealth Fund, according to which royalty revenues from natural resources in Basilicata can be stored as low-risk financial assets in order to sustain future regional expenditures. The paper pins down and simulates the dynamics of a set of fiscal expenditure rules. The Basilicata Wealth Fund fosters transparency accountability as regards fiscal spending, hence avoiding misuse of resource revenues.


  • resource policy
  • regional wealth fund
  • Basilicata
  • resource windfall


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