Fiscal decentralization: the search for new approaches for the development of local government

Ivanova, Natalia; Morunova, Galina; Fedosov, Vitaliy; Kuzmina, Svetlana

doi:10.1051/e3sconf/201911002059

Cited by 4 publications

(3 citation statements)

References 9 publications

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“…Fiscal decentralization policies have been used effectively, especially in Latin American countries such as Argentina, Brazil, and Mexico (Burki et al, 1999). In recent years, analyses of nancial localization policies have become increasingly widespread in the literature, especially in various countries, such as the USA (Dincer, 2010;Stone, 2015), Spain (Lago-Peñas et al, 2017), Korea (Cho, 2018;Park, 2022), Poland (Köppl-Turyna et al, 2016), India (Kalirajan & Otsuka, 2012), Vietnam (Dinh-Thanh et al, 2022), Russia (Ivanova et al, 2019), China (Guo et al, 2022) and Turkey (Carikci, 2019;Cukur, 2020;Neyapti, 2005). Also, many empirical studies have been conducted on nancial localization in recent years.…”

Section: Basic Approaches To Fiscal Decentralizationmentioning

confidence: 99%

Deepening Fiscal Decentralization as a Path to Fiscal Responsibility? A Comparison of the Czech Republic and Turkey

Babaoğlu

Sobotková

Sobotka

et al. 2022

Preprint

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The article deals with the issue of fiscal decentralization in relation to compliance with fiscal discipline at the municipal level. The article evaluates the situation of selected Czech and Turkish cities. In the case of Czech cities, so-called statutory cities were selected, which, due to their size and budget, have a certain independence from the central government. In the case of Turkish cities, the largest ones were analyzed, which also have a high degree of autonomy due to their size. The unifying element of both samples is approximately similar financing conditions. In both cases, shared taxes are used, but they are in the hands of the central government, and the municipalities have no possibility to influence them. In the case of municipalities, they can receive subsidies from the central government. From the perspective of fiscal responsibility management, relations with the central government appear to be a stabilizing element. However, at the same time, strengthening revenues associated with local government could also support fiscal discipline. In particular, this possibility would be significant in the case of smaller municipalities when the share of local income in total income is increasing. Another option for discussion is the availability of debt financial instruments. In the case of Turkish cities, fiscal discipline is significantly correlated with external debt. Although Czech municipalities can easily access debt financial instruments, they cannot use foreign financing. JEL Classification: C33, C35, H71, H72, H77

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Section: Basic Approaches To Fiscal Decentralizationmentioning

confidence: 99%

Deepening Fiscal Decentralization as a Path to Fiscal Responsibility? A Comparison of the Czech Republic and Turkey

Babaoğlu

Sobotková

Sobotka

et al. 2022

Preprint

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“…The study of the impact of budget decentralization on allocation and production efficiency in modern Russia and the degree to which it influences the economic growth shows that steady-state values of economic growth depend on the share which different government levels have in the total volume of public expenditures -expenditure decentralization [10]. If expenditures exceed revenues, there is either a positive interrelation between income decentralization and economic growth, or negative interrelation -between expenditure decentralization and economic growth, which generally confirms the interrelation between budget decentralization (municipal finance development) and economic growth.…”

Section: Allocation and Production Efficiency Of Public Goods Provisionmentioning

confidence: 99%

Transformation of municipal Finance in the context of globalization

2021

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Research background: In the context of globalization, a steady trend towards the formation of “open” economies in the context of the international division of labor, the idea of states defending their national economic interests as the basis for their economic and political independence becomes particularly important. The basis for strengthening the economic base seems to be the formation of sustainable finances at all levels of government, especially at the municipal level, which is directly close to the needs of the population, as well as the active involvement of civil society in ensuring the independent and comprehensive development of territories. Purpose of the article: To study the transformation of municipal finances, turning them into the economic basis of “state-population” political exchange Methods: The research is based on J. Buchanan’s theory of constitutional economics about the “state-population” political exchange as a condition of social development. Findings & Value added: The research conducted by the authors allows them to conclude that due to the constitutional and legal status of the municipality, local government is the level where the real and most effective “state-population” political exchange takes place, acting as a driver of socio-economic transformations. Because of this, municipal finance becomes the economic basis for such an exchange and an indispensable condition for the harmonious sustainable development of territories, which gives special importance to the issues of their formation and evaluation of the effectiveness of public participation in the organization of their functioning.

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“…Russian authors also consider various aspects of long-term budget planning in the context of globalization, for example, programming socio-economic processes [19], the development of financial system of the Russian Federation in the conditions of globalization [20], world tendencies of globalization and specifics of national economic development [21], globalization and the prospects for developing countries [22], economic and institutional development of Russian regions in the context of the global socioeconomic processes [23], Russian economy growth modeling in the globalization period [24], analysis of the development of budgetary federalism and problems of budgetary decentralization [25], the project approach in budget planning [26], management of state and municipal finances in the transformational economy [27][28][29]. But the complexity of this topic leads to the need for more in depth research.…”

Section: Introductionmentioning

confidence: 99%

Long-term budget planning in the context of globalization and its socio-economic significance

et al. 2021

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Research background: The process of globalization increases the possibility of a more equitable distribution of income and national wealth, which contributes to the solution of social problems and ensures the development of the material base of human potential. In these conditions, the issues of budget planning of mandatory budget expenditures for the social sphere, in particular for education. With the use of simulation modeling, it is possible not only to implement budget planning more effectively, adjust current social expenditures, but also to increase the horizon of long-term budget planning, which is especially important in conditions of high financial dependence. Purpose of the article: to study the use of simulation modeling for long-term budget planning of mandatory budget expenditures in the social sphere at the subnational level. Methods: we have researched based on the application of the “Any Logic” modeling method for long-term budget planning and adjustment of current social expenditures. Findings & Value added: the study conducted by the authors allows us to conclude that the use of “any logic” for long-term financial planning in the context of globalization makes it possible for States to model social expenditures in the current and future periods. Based on official statistics, the forecast model of mandatory budget expenditures for the social sphere takes into account various factors (changes in demography, the number of recipients of social services, etc.) and provides a forecast of socio-economic development. Long-term budget planning based on simulation models allows you to adjust current social programs, which will improve the quality of life in the context of globalization.

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Fiscal decentralization: the search for new approaches for the development of local government

Cited by 4 publications

References 9 publications

Deepening Fiscal Decentralization as a Path to Fiscal Responsibility? A Comparison of the Czech Republic and Turkey

Deepening Fiscal Decentralization as a Path to Fiscal Responsibility? A Comparison of the Czech Republic and Turkey

Transformation of municipal Finance in the context of globalization

Long-term budget planning in the context of globalization and its socio-economic significance

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