Municipal Bonds and their Significance in Financing Local and Regional Development

Elzbieta Ociepa-Kicinska and Malgorzata Gorzalczynska-Koczkodaj

European Research Studies Journal, 2023, vol. XXVI, issue 4, 300-307

Abstract: Purpose: The purpose of this paper is to analyze the popularity of issuing bonds by local governments in Poland and to try to find an answer to the question of why local governments in Poland prefer to finance debt in other ways. Design/Methodology/Approach: The provisions of laws and financial reports on the implementation of the state budget were analyzed. Findings: Self-government units choose simpler instruments to finance pro-development tasks. Practical Implications: The results of the analysis should provide important guidance to policymakers in simplifying procedures and popularizing knowledge of municipal bonds. Originality/Value: The work covers timely and important issues for local and regional governments and fills a research gap in the field, combining theoretical issues with practical insights.

Keywords: Municipal bonds; financing of socio-economic development; debt of self-government units. (search for similar items in EconPapers)
JEL-codes: F02 P48 R11 R12 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ersj.eu/journal/3286/download (application/pdf)

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:ers:journl:v:xxvi:y:2023:i:4:p:300-307

Access Statistics for this article

More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ().