Fiscal Decentralization and Economic Growth in the Czech Republic
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
—
DOI - Digital Object Identifier
—
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Fiscal Decentralization and Economic Growth in the Czech Republic
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Fiscal Decentralization and Economic Growth in the Czech Republic
Popis výsledku anglicky
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.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2017
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Proceedings of 12th International Scientific Conference Public Economics and Administration 2017
ISBN
978-80-248-4131-1
ISSN
—
e-ISSN
—
Počet stran výsledku
8
Strana od-do
303-310
Název nakladatele
VŠB - Technical University of Ostrava
Místo vydání
Ostrava
Místo konání akce
Ostrava
Datum konání akce
12. 9. 2017
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
—