Fiscal decentralization: model of its impact on economic development

Authors

  • Тетяна Костянтинівна Кваша State Organization «Institute for Economics and Forecasting, Ukrainian National Academy of Sciences», Ukraine, 01011, Kyiv, str. Panasa Myrnoho, 26, Ukraine https://orcid.org/0000-0002-1371-3531

DOI:

https://doi.org/10.15587/2312-8372.2015.52202

Keywords:

fiscal decentralization, economic development, simulation

Abstract

Today, fiscal decentralization is the most important characteristic of modern systematic intergovernmental relations. However, the problem of assessing its impact on economic growth underrepresented in contemporary Ukrainian researches. For Ukraine it is extremely important given the objectives of the Strategy for Sustainable Development «Ukraine-2020» and the program of the government to build an effective system of territorial organization of power in Ukraine with a maximum transfer of functions to the local level, including additional budgetary authority.

Existing models of the impact of fiscal decentralization on economic development are analyzed and systematized, possibility of further use of some of them to Ukraine is defined and approach to building an appropriate model for our country using the production function Cobb-Douglas based on regression analysis is proposed.

Author Biography

Тетяна Костянтинівна Кваша, State Organization «Institute for Economics and Forecasting, Ukrainian National Academy of Sciences», Ukraine, 01011, Kyiv, str. Panasa Myrnoho, 26

Researcher

Department of Public Finances

References

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Published

2015-09-22

How to Cite

Кваша, Т. К. (2015). Fiscal decentralization: model of its impact on economic development. Technology Audit and Production Reserves, 5(5(25), 70–74. https://doi.org/10.15587/2312-8372.2015.52202

Issue

Vol. 5 No. 5(25) (2015): Economics and management of enterprise. Development of the productive forces and regional economy. Economic cybernetics

Section

Problems of Macroeconomics and Socio-Economic Development: Original Research

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Copyright (c) 2016 Тетяна Костянтинівна Кваша

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