Fiscal Decentralization and Economic Growth in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010956" target="_blank" >RIV/47813059:19520/17:00010956 - 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
Fiscal Decentralization and Economic Growth in the Czech Republic
Original language description
The aim of this article is to examine relationship between fiscal decentralization and economic development and identify direction of influence in the Czech Republic in the years 1995-2015. The research relies on the secondary statistical data of the Czech Statistical Office, the General Financial Directorate of the Czech Republic and the OECD Fiscal Decentralization Database. Since fiscal decentralization has many dimensions, the following indicators are used for empirical examination: expenditure decentralization, revenue decentralization, intergovernmental transfer decentralization and tax revenue decentralization. The study uses Hodrick-Prescott filter for isolating the cycle component of annual GDP time series. The empirical tests are based on cross correlation and Granger causality methodology. The results suggest that decentralization appears to be positively associated with GDP per capita but negatively associated with GDP growth, except expenditure decentralization positively correlated in both cases. The relationship is stronger for economic maturity than for economic growth. Based on results of Granger causality, GDP growth comes first followed by 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
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 12th International Scientific Conference Public Economics and Administration 2017
ISBN
978-80-248-4131-1
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
303-310
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 12, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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