DECENTRALIZATION OF PUBLIC SPENDING AND ECONOMIC GROWTH: AN EMPIRICAL STUDY ON THE EUROPEAN UNION
Medzinarodne vztahy (Journal of International Relations), 2013, vol. 11, issue 4, 5-15
The goal of this paper is to analyze the impact of fiscal decentralization on the economic growth in the European Union. The emphasis has been put on the public spending carried out at a local level. The empirical investigation is based on regression analysis. The regression model includes the GDP growth rate as a dependent variable and fiscal decentralization indicators as independent variables. The results support the conventional understanding among scientists and politicians for a positive impact of spending decentralization on the economic growth.
Keywords: fiscal decentralization; local expenditures; local revenue; economic growth (search for similar items in EconPapers)
JEL-codes: C33 H71 O40 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:brv:journl:v:11:y:2013:i:4:p:5-15
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