Testing link between fiscal decentralization and economic development in the European Union

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F15%3A%230003736" target="_blank" >RIV/47813059:19520/15:#0003736 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Testing link between fiscal decentralization and economic development in the European Union
Original language description
This paper examines the importance of fiscal decentralization for a long term economic development. The aim of the paper is to test impact of fiscal decentralization on output in the European Union in a period 1995-2012. The empirical evidence is performed on a panel which contains 21 countries. The analysis uses data taken from OECD Fiscal Decentralisation Database and OECD. Since fiscal decentralization has many dimensions, the following indicators are used in the empirical analysis: expenditure decentralization, revenue decentralization and tax revenue decentralization. The empirical tests relating decentralization and economic performance are based on cross correlation and linear regression. Across the analyzed countries, decentralization appears to be positively associated with GDP per capita levels but negatively associated with GDP growth. The relationship is stronger for revenue decentralization than for expenditure decentralization.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 12th International Scientific Conference: Economic Policy in the European Union Member Countries: Selected Papers.
ISBN
978-80-7510-114-3
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
766-775
Publisher name
SU OPF
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000366004300081

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