Evaluating the current equalization grant to counties in Croatia

Mihaela Bronic
Additional contact information
Mihaela Bronic: Institute of Public Finance, Zagreb

Financial Theory and Practice, 2010, vol. 34, issue 1, 25-52

Abstract: This paper assesses the design of the 2005 equalization grant to the counties in Croatia. Since no allocation formula for this grant has ever been publicly disclosed, this paper provides an analysis and explanation of the aforesaid formula. At the time of its introduction, the objective of the equalization grant was to mitigate differences in fiscal capacities among counties, so our work is focused on fiscal capacities and on whether the new formal allocation rule set by the central government follows the predetermined objective in the grant allocation. This article proves our hypothesis that the new equalization grant does not adequately mitigate the differences in fiscal capacities across Croatian counties.

Keywords: counties; fiscal capacity; equalization grant; Croatia (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ijf.hr/eng/FTP/2010/1/bronic.pdf (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:ipf:finteo:v:34:y:2010:i:1:p:25-52

Access Statistics for this article

More articles in Financial Theory and Practice from Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Martina Fabris ().