The Fiscal Federalism: the Main Instrument of Good Economic Governance

Alina Dumitrescu

Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 1

Abstract: The article analyzes the need, role and principles underlying good governance in the European Union, namely: openness, participation, accountability, effectiveness and cohesion. Subsequently, the research continues with the definition of the fiscal federalism concept, focusing on the benefits of the economics of multi-level governance. Fiscal federalism is presented as a main instrument of good economic governance that can bring benefits in terms of fiscal consolidation, the efficient use of public funds and the efficient allocation of functions between different levels of authority within the multi-level governance.

Keywords: public finance; governance; federalism; fiscal consolidation (search for similar items in EconPapers)
JEL-codes: H11 H2 H6 H72 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.iem.ro/rem/index.php/REM/article/view/137/144 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:6:y:2014:i:1:id:2822000009240019

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).