Fiscal reaction function with fiscal decentralization variable

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F16%3A43891460" target="_blank" >RIV/60076658:12510/16:43891460 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.18267/pr.2016.sed.2155.8" target="_blank" >http://dx.doi.org/10.18267/pr.2016.sed.2155.8</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/pr.2016.sed.2155.8" target="_blank" >10.18267/pr.2016.sed.2155.8</a>

Result language
angličtina
Original language name
Fiscal reaction function with fiscal decentralization variable
Original language description
The paper deals with the fiscal behavior of EU countries within the period from 1995 to 2014. The responsiveness of general government primary balances and primary expenditure to several variables is analyzed using panel data. The main focus is on the fiscal decentralization effect on the fiscal behavior of general government with the main hypothesis that the lower fiscal decentralization (higher centralization) allows the central government to exert more control over the general government budget and therefore enables it to enforce fiscal sustainability. The results suggest that revenue and tax decentralization might have adverse effects on the responsiveness of general government primary balances, while expenditure decentralization might have a positive effect on the ability of government to adjust general government primary expenditure.
Czech name
—
Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 21th International Conference Theoretical and Practical Aspects of Public Finance 2016
ISBN
978-80-245-2155-8
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
253-258
Publisher name
Oeconomica
Place of publication
Praha
Event location
Praha
Event date
Apr 15, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000392677500039

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