文章基本信息

标题：The impact of fiscal decentralization on economic development
本地全文：下载
作者：Mykola Pasichnyi ; Tetiana Kaneva ; Maksym Ruban 等
期刊名称：Investment Management & Financial Innovations
印刷版ISSN：1810-4967
电子版ISSN：1812-9358
出版年度：2019
卷号：16
期号：3
页码：29-39
DOI：10.21511/imfi.16(3).2019.04
语种：English
出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：In this article,updated approach to assess the impact of fiscal decentralization on economic development is offered.The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging economies in Europe from 1992 to 2017 was evaluated using panel data.In the EU members,Belarus, Georgia and Ukraine expenditures decentralization was more essential than revenue decentralization.The vast majority of the counties from Central and Eastern Europe have increased the level of fiscal decentralization since 1992.It was found that revenue decentralization was associated with lower growth rates,while expenditures decentralization could slightly encourage economic development.The overall decentralization indicator adversely affected the growth,but that interconnection was not robust.The empirical investigation showed significant role of demographic structure and sustain?ability to ensure economic development.The authors propose the statements for the local authorities to develop the methodical bases of the fiscal policy's design.In the survey,a balanced approach to the tax and public spending policy's preparation and planning is presented.
关键词：fiscal policy;fiscal decentralization;tax autonomy;economic development;economic welfare