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Sub-National Government Finance. An Analysis On The Redistribution Mechanisms Of National Revenues In Romania

Author

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  • Elena-Doina Dascalu
  • Laura Nasta

Abstract

Local European Union (EU) communities are the epicenter of many current social and economic evolutions, and the sine qua non condition of inclusive development. The global financial crisis has deepened the disparities between communities, and the EU states must satisfy the growing public demand for inclusive, balanced development of municipalities and regions. This paper analyzes how municipalities are financed in Europe, and focuses on the redistribution mechanisms pertaining to Romania’s local finances.Using both data drawn from the 2014 state and local budgets, and also various mathematical and graphical means, this study intends to shed light on the contributing factors leading to persistent disparities in municipality finances.

Suggested Citation

  • Elena-Doina Dascalu & Laura Nasta, 2016. "Sub-National Government Finance. An Analysis On The Redistribution Mechanisms Of National Revenues In Romania," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 10(1), pages 32-40.
    • Handle: RePEc:isp:journl:v:10:y:2016:i:1:p:32-40
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    Cited by:

    1. BOSTAN, Ionel, 2018. "Business Finance (By: Prof. PhD Elena-Doina Dascalu)," LawArXiv 4er5c, Center for Open Science.

    More about this item

    Keywords

    subnational governments; income redistribution; inclusive development;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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