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Kvantifikácia optimálnej miery fiškálnej decentralizácie v krajinách OECD

Quantification of the Optimal Level of Fiscal Decentralization in OECD Countries

Daša Belkovicsová and Matej Boór

Politická ekonomie, 2021, vol. 2021, issue 5, 595-618

Abstract: The essence of fiscal decentralization is to increase economic efficiency in the redistribution of resources in the public sector through more effective satisfaction of local public needs by lower levels of government. The article aims to quantify the optimal degree of fiscal decentralization in relation to economic growth in a sample of 29 OECD countries for the years 1975-2018. Empirical research has shown a nonlinear relationship between the degree of fiscal decentralization and economic growth, which takes a parabolic shape. The optimal degree of fiscal decentralization maximizing economic growth reached the level of 31.3656%, or in the case of per capita growth, the level is 31.1309%. In most V4 countries, the degree of fiscal decentralization is at a lower level compared to the optimal one, which is not leading to maximization of economic growth, or economic growth per capita.

Keywords: Degree of fiscal decentralisation; economic growth; economic growth per capita; OECD countries (search for similar items in EconPapers)
JEL-codes: H70 H77 O40 O47 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.18267/j.polek.1326

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