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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

10

Strana od-do

766-775

Název nakladatele

SU OPF

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

16. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000366004300081