Romania-between decentralization and deconcentration

Carmen Maria Constantinescu and Rodica Gherghina
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Carmen Maria Constantinescu: Bucharest University of Economic Studies, Romania
Rodica Gherghina: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 120-130

Abstract: The present paper studies the level of local financial autonomy in our country, in relation to the capacity of communities to face local public expenditures. Our analysis targets local own revenues and main components, discussing the impact that transfers and subsidies may have on the degree of local financial decentralization, as they are considered or not own revenues. According to the results of our research, Romania’s present time reached only the stage of deconcentration, because of two reasons: poor local financial decision independence and reduced and unproportional economic development.

Keywords: financial decentralization; Hunter’s index; own revenues; deconcentration; public transfers and subsidies. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:120-130

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