Detail publikace

Evaluation of the Fiscal Decentralization: Case Studies of European Union

SLAVINSKAITE, N. NOVOTNÝ, M. GEDVILAITE, D.

Originální název

Evaluation of the Fiscal Decentralization: Case Studies of European Union

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

Fiscal decentralization has been widely discussed at various levels and from various perspectives. The Organization for Economic Co-operation and Development (the OECD), similar to the World Bank, also pays great attention to it. Fiscal decentralization has always been an interesting investigation topic, and the researchers, in addition to considering the future of the economy, study this problem from different perspectives, i.e. geographic, political and others. The effect of fiscal decentralization on the economic development of the state has been investigated by various authors. Three different hypotheses provide the proofs of the positive effect of fiscal decentralization. The main advantage of fiscal federalism are efficient and adequate public services which are provided locally through the mobility of the citizens, voting power and competition between the local governments in the created ecosystem. The potential advantages of the competition among the local government powers are similar to the advantages associated with the competition on the private markets. The paper is focussed on fiscal decentralization of the state. It aims to investigate the theoretical aspect of the impact of fiscal decentralization on the economic development to calculate the index of fiscal decentralization and to evaluate the effect of fiscal decentralization on the economic development in the particular states of the European Union. Thus, Bulgaria and Lithuania have the lowest fiscal decentralization index of EU-13 (0.28), while the Czech Republic has the highest index (0.46). The researchers have proved the effect of fiscal decentralization on the economic development of the EU-13 states to be statistically significant and positive. The originality of this paper is that it introduces a theoretical model for evaluating the fiscal decentralization effect on the economic development and assesses the fiscal decentralization effect on the economic development of the particular EU-13 states.

Klíčová slova

the Effect of Fiscal Decentralization; Economic Development; the States of the European Union; Fiscal Federalism; Fiscal Decentralization Index

Autoři

SLAVINSKAITE, N.; NOVOTNÝ, M.; GEDVILAITE, D.

Vydáno

2. 10. 2020

Nakladatel

KAUNAS UNIV TECHNOL

Místo

KAUNAS

ISSN

1392-2785

Periodikum

Engineering Economics

Ročník

31

Číslo

1

Stát

Litevská republika

Strany od

84

Strany do

92

Strany počet

9

URL

https://inzeko.ktu.lt/index.php/EE/article/view/23065

Plný text v Digitální knihovně

http://hdl.handle.net/11012/196482

BibTex

@article{BUT170159,
  author="Neringa {Slavinskaite} and Miloslav {Novotný} and Dainora {Gedvilaite}",
  title="Evaluation of the Fiscal Decentralization: Case Studies of European Union",
  journal="Engineering Economics",
  year="2020",
  volume="31",
  number="1",
  pages="84--92",
  doi="10.5755/j01.ee.31.1.23065",
  issn="1392-2785",
  url="https://inzeko.ktu.lt/index.php/EE/article/view/23065"
}