Leveraging sustainable finance and impact measurement in public administration

This Ph.D. thesis addresses the imperative intersection of sustainable finance and public administration. The introduction lays the foundation by tracing the historical development of sustainability concepts and recognizing the contemporary urgency posed by climate crises and global pandemics. Driven by international directives and a renewed economic policy approach, the thesis advocates for an active role of governments in shaping economies to address societal and environmental challenges. The research objectives aim to construct a Model of Impact Measurement for the Public Administration, bridging the gap between financial decision-making and sustainable development. The research questions explore sustainable finance practices in public administration, the application of impact measurement frameworks, and the potential of sustainable finance in public spending. The thesis structure involves a comprehensive literature review, a theoretical framework for impact measurement, an original impact measurement model tailored to the Italian context, a global extension of the model, and concluding remarks.