Serbia: Local Government Financing and Non-transparency of Fiscal Data

Kmezić, Sanja; Đulić, Katarina

doi:10.1007/978-3-319-96092-0_4

Cited by 1 publication

(1 citation statement)

References 12 publications

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“…The regional related studies are explained by highlighting the importance of local institutions. Two sets of institutions that might be relevant at the local level are political institutions and fiscal decentralization arrangements (Aragón, Chuhan-Pole, & Land, 2015;Jin, Qian, & Weingast, 2005;Kmezić & Đulić, 2018). All these include the rules to select reputable politicians, re-elect incumbents, and restrict an incumbent's power, rules that define how fiscal revenue will be collected, distributed and used at the subnational level (Aragón et al, 2015).…”

Section: Theoretical Approachmentioning

confidence: 99%

Role of Fishery and Forest Resources in Local Economic Performance: Evidence from the Lake Zone of Tanzania

Mihayo¹,

Peng²

2020

IJEF

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The country’s economic development usually occurs at a local level where interactions between economic elements are highly dense. Even though economic development processes are highly localized; economic growth in the country is due to concentration in growth in a limited number of locations with unique comparative advantages. Lake zone of Tanzania is one of the potential economic areas in the country with unique natural resources (fisheries and forests) features. This study uses cross-sectional data in the lake zone of Tanzania to determine the impact of the fishery resources (which are highly abundant) and forest resources (which are least abundant) on the local councils’ economic performance, admitting other control variables. Multiple linear Regression analysis results indicate that fishery resources negatively affect the councils’ economic performance, with insignificant economic value. Forest resources in the area have a significant positive impact on the economic performance. This paper concludes that despite the abundant fishery resources in the area, they have an insignificant contribution to the local councils’ economic performance. Moreover, the least forest resources have a very low economic impact on local economic performance. Which therefore indicate the needy of reforming available strategies, policies and legal framework accordingly.

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