RESULTS FROM THE SUPRANATIONAL EFFORTS FOR INTENSIFYING FISCAL DECENTRALIZATION IN THE EUROPEAN UNION DURING THE FIRST DECADE OF 21ST CENTURY

NIKOLAY PATONOV

 

Abstract

The paper aims to analyze different dimensions of the state governance’s decentralization in EU and the role of fiscal decentralization in this process. The empirical analysis focuses on the relationship between fiscal decentralization and economic growth in the EU (27). The regression results support the conventional understanding among scientists and politicians for positive influence of the fiscal decentralization on economic growth.

 

Key words

fiscal decentralization, local expenditures, local revenue, economic growth

 

References

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Zhang, T. and H. Zou (2001), “The growth impact of intersectoral and intergovernmental allocation of public expenditure: With applications to China and India”, China Economic Review 12(1), pp. 58-81.

 

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