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Assessment of Fiscal Decentralization Influence on Social and Economic Development

Olena Chygryn, Yuriy Petrushenko, Alina Vysochyna and Anna Vorontsova

Montenegrin Journal of Economics, 2018, vol. 14, issue 4, 69-84

Abstract: Transformation of the mechanism of responsibility redistribution between central and sub-central government resulted in expansion of fiscal decentralization (FD) ideas. The concept of fiscal decentralization in general features was formed at the second half of XX century, however, key ideas appeared far more earlier. Nevertheless, many controversial empirical research results are focused on the identification of fiscal decentralization influence on economic and social development (different empirical researches confirmed its positive, negative or insignificant influence). Thus, because of dynamic change of worldwide socio-economic trends, it becomes crucial to realize up-to-date empirical comprehensive research on fiscal decentralization impact on different aspects of country social and economic development

Date: 2018
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