In: Ekonomický časopis/Journal of Economics, vol. 67, no. 3
Nebojsa Stojcic - Meri Suman Tolic
Detaily:
Rok, strany: 2019, 280 - 306
Jazyk: eng
Kľúčové slová:
fiscal decentralization, economic growth, direct and indirect effects, dynamic analysis; European countries;
JEL Classification: H77, O43
Typ článku: Vedecký článok / Article
Typ dokumentu: PDF / PDF
O článku:
This paper examines the direct and indirect effects of decentralization on economic growth that take place through transmission channels such as government efficiency, control of corruption, government sector size and the quality of living. A dynamic nature of growth, potential endogeneity and the distinction between short-and long-run effects are taken into account. Our findings support proactive government approach, including fiscal policy measures to stimulate demand, prevent decline of production and employment and rebuild trust in institutions. They question the current prevalent thinking about the beneficial effects of the reduction of government expenditure on economic growth.
This paper examines the direct and indirect effects of decentralization on economic growth that take place through transmission channels such as government efficiency, control of corruption, government sector size and the quality of living. A dynamic nature of growth, potential endogeneity and the distinction between short-and long-run effects are taken into account. Our findings support proactive government approach, including fiscal policy measures to stimulate demand, prevent decline of production and employment and rebuild trust in institutions. They question the current prevalent thinking about the beneficial effects of the reduction of government expenditure on economic growth.
Ako citovať:
ISO 690:
Stojcic, N., Tolic, M. 2019. Direct and Indirect Effects of Fiscal Decentralization on Economic Growth. In Ekonomický časopis/Journal of Economics, vol. 67, no.3, pp. 280-306. 0013-3035.
APA:
Stojcic, N., Tolic, M. (2019). Direct and Indirect Effects of Fiscal Decentralization on Economic Growth. Ekonomický časopis/Journal of Economics, 67(3), 280-306. 0013-3035.
O vydaní:
Vydavateľ: Ekonomický ústav SAV a Prognostický ústav CSPV SAV
Publikované: 17. 5. 2019