Local Development as a Function of Budgetary Policy and Entrepreneurship

Tomasz Skica (), Marta Czyżewska () and Leszek Gajecki ()
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Tomasz Skica: Institute for Financial Research and Analyzes, University of Information Technology and Management
Marta Czyżewska: Pedagogical University of Cracow
Leszek Gajecki: University of Information Technology and Management

A chapter in Finance and Sustainability, 2020, pp 125-140 from Springer

Abstract: Abstract The purpose of the article is to build a model describing local development (measured by communes’ budget revenue) by two groups of factors influencing it. According to the model the group of factors that influence local development are: budgetary policy and entrepreneurship. An attempt was also made to answer the question of which factors within each group individually explain the local development to the greatest extent. The authors also defined sets of optimal combinations of factors from different groups that according to authors, seem to stimulate local development. They also explained the reasons for the lower level of development of a given area. The time interval adopted for the study covered the years 2008–2016, the data were obtained from Statistics Poland, Local Data Bank and Ministry of Finance. To achieve the planned goal several methods were applied. The clustering of data vectors allowed to divide the communes into several groups with similar characteristics. That enabled to analyze how each of the variables influences the variables influence local development and to identify the parameters that are the most significant. Finally, the trend analysis was applied.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-34401-6_11

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DOI: 10.1007/978-3-030-34401-6_11

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