The financial condition of selected territorial governments in the Malopolska voivodship within the new EU financial framework
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 14, Issue 4
Abstract
The purpose of the article is to evaluate the financial condition of selected territorial governments in the Malopolska Voivodship within the new EU financial framework for the 2014- 2020 period. The global economic crisis has affected not only financial markets but also the policy and development strategies of local and territorial authorities. Changes have occurred in the approach to strategic objectives, which are now focused on regions and aim to stimulate endogenous growth potentials. New plans and strategies have already been drafted on the national and regional level, but their implementation, as well as the achievement of goals laid down in the Europe 2020 strategy, will crucially depend on the absorption capabilities of territorial governments. The research hypothesis of the article concerns the need to restructure the revenue system of territorial governments and further decentralize public finances in order to stimulate regional endogenous growth potentials. In order to verify it, financial indicators for selected territorial governments in the 2010-2014 period are analyzed. The findings show that there are positive trends underway in the budget policies of analyzed governments, but their revenues are still inadequate and their total growth potential remains low.(original abstract)
Authors and Affiliations
Jakub Kwaśny
Keywords
Related Articles
- EP ID EP214098
- DOI -
- Views 74
- Downloads 0
Lucas paradox in the light of neoclassical theory
In their analyses devoted to the directions of international capital flows, economists dealing with the subject often make references to conclusions reached by R. Lucas Jr, i.e., to the so called Lucas paradox. In litera...
Classifying occupational threats posed to knowledge workers as a response to one of the social aspects of sustainable development concerning occupational health and safety
The goal of this study was to discover, weather using different multidimensional exploratory techniques in self-assessing occupational threats by knowledge workers brings logical classification of variables and if obtain...
Cultural Determinants and Perspectives of International Expansion of Enterprises from Economies in Transition.
Within this article the authors attempt identify and analyze the key cultural success factors for companies when developing strategies to move out of their home market. Such strategies can often involve significant cost...
Using Akaike's Criterion and Bordered Matrices for Initial Variable Selection for Econometric Model Evaluated with Least Squares Method
In this paper the usage of bordered matrices for selection of independent variables for econometric model evaluated with least squares method is shown. AIC was chosen as criterion of selection. Practical example of the m...
Conditions of innovativeness growth of enterprises in Poland
Innovativeness activity of enterprises is stimulated by a number of factors which have their source inside the company or its surroundings. The aim of the article is to specify the determinants stimulating innovativeness...