Faculty of Economics
Permanent URI for this communityhttps://repository.ukim.mk/handle/20.500.12188/9
Browse
2 results
Search Results
- Some of the metrics are blocked by yourconsent settings
Item type:Publication, Decentralisation and fiscal performance in Central and Eastern Europe(Taylor & Francis Ltd, 2021); This paper provides empirical evidence on the association between decentralisation and budget deficits of the general government for a panel of 11 former transition countries during 1991–2018, controlling for the effects of various demographic, institutional, and macroeconomic variables. We provide evidence that decentralising government activities in Central and Eastern Europe (CEE) has favourable effects on the fiscal position of general government. Also, we show that the greater reliance on intergovernmental grants as a source of finance of local governments does not have detrimental effects on the overall fiscal discipline. Therefore, we cannot support the so-called ‘common pool’ hypothesis, which predicts that intergovernmental transfers lead to higher public expenditure, thus exacerbating the fiscal imbalances of the general government. On the other hand, we show that the effects of revenue decentralisation depend critically on the specific measure of local government revenue. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, THE EFFECT OF INTRA-EU AND EXTRA-EU TRADE TO ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPE(Ekonomski fakultet-Skopje, UKIM, 2019)This paper estimates the different impact on economic growth of intra trade within EU and extra trade outside the EU for five countries from Central and Eastern Europe (Poland, Hungary, Slovenia, Slovakia and the Czech Republic). These countries have gained several benefits from their EU membership since 2004 by exploiting their huge potential. A main characteristic of the regional integration, such as the EU is the reduction/ removal of the tariff and non-tariff barriers, in order to increase trade among countries that can lead to faster economic growth. By separating the extra-EU trade flows from intra-EU trade flows and using cross-section fixed method, panel least squares for the period 2003-2017, this paper shows that trade within EU has significantly higher effect on the growth per capita, than trade with countries outside the EU in the sample CEE countries.