Evaluation of the Fiscal Decentralization: Case Studies of European Union

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dc.contributor.authorSlavinskaite, Neringacs
dc.contributor.authorNovotný, Miloslavcs
dc.contributor.authorGedvilaite, Dainoracs
dc.coverage.issue1cs
dc.coverage.volume31cs
dc.date.accessioned2021-03-26T11:54:07Z
dc.date.available2021-03-26T11:54:07Z
dc.date.issued2020-10-02cs
dc.description.abstractFiscal 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.en
dc.formattextcs
dc.format.extent84-92cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationEngineering Economics. 2020, vol. 31, issue 1, p. 84-92.en
dc.identifier.doi10.5755/j01.ee.31.1.23065cs
dc.identifier.issn1392-2785cs
dc.identifier.other170159cs
dc.identifier.urihttp://hdl.handle.net/11012/196482
dc.language.isoencs
dc.publisherKAUNAS UNIV TECHNOLcs
dc.relation.ispartofEngineering Economicscs
dc.relation.urihttps://inzeko.ktu.lt/index.php/EE/article/view/23065cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1392-2785/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectthe Effect of Fiscal Decentralizationen
dc.subjectEconomic Developmenten
dc.subjectthe States of the European Unionen
dc.subjectFiscal Federalismen
dc.subjectFiscal Decentralization Indexen
dc.titleEvaluation of the Fiscal Decentralization: Case Studies of European Unionen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-170159en
sync.item.dbtypeVAVen
sync.item.insts2021.03.26 12:54:07en
sync.item.modts2021.03.26 12:14:30en
thesis.grantorVysoké učení technické v Brně. Fakulta stavební. Ústav pozemního stavitelstvícs
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