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Decentralization Of Public Spending And Economic Growth: An Empirical Study On The European Union

Author

Listed:
  • Nikolay Patonov

    (Faculty of Economics, South-West University “Neofit Rilski”)

Abstract

The goal of this paper is to analyze the impact of fiscal decentralization on the economic growth in the European Union. The emphasis has been put on the public spending carried out at a local level. The empirical investigation is based on regression analysis. The regression model includes the GDP growth rate as a dependent variable and fiscal decentralization indicators as independent variables. The results support the conventional understanding among scientists and politicians for a positive impact of spending decentralization on the economic growth.

Suggested Citation

  • Nikolay Patonov, 2013. "Decentralization Of Public Spending And Economic Growth: An Empirical Study On The European Union," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 11(4), pages 5-15.
  • Handle: RePEc:brv:journl:v:11:y:2013:i:4:p:5-15
    as

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    File URL: https://fmv.euba.sk/RePEc/brv/journl/MV2013-4.pdf
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    References listed on IDEAS

    as
    1. Lardy,Nicholas R., 1993. "Foreign Trade and Economic Reform in China," Cambridge Books, Cambridge University Press, number 9780521458351, October.
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    Cited by:

    1. Benos, Christos & Angelopoulou, Ioanna & Metaxas, Theodore, 2017. "“Decentralization” of income per capita and its relationship to administrative decentralization in the context of European Union members," MPRA Paper 78777, University Library of Munich, Germany.
    2. Ivan Todorov, 2014. "Exchange-Rate Regimes on the Path to Euro," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 116-147.

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    More about this item

    Keywords

    fiscal decentralization; local expenditures; local revenue; economic growth;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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