Fiscal Decentralization and Public debt in the European Union

Lenka Horváthová*, Július Horváth, Vladimír Gazda, Matúš Kubák

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    Abstract (may include machine translation)

    This paper analyses the relationship between fiscal decentralization and the level of the public debt in the twenty seven member countries of the European Union. Our panel data analysis points to the importance of size as fiscal decentralization reduces public debt in large and small countries, but not in medium - size countries. In addition, our results show that the number of government levels and average size of the lowest government unit is insignificant with respect to the public debt in these countries.

    Original languageEnglish
    Pages (from-to)265-276
    Number of pages12
    JournalLex Localis
    Volume10
    Issue number3
    DOIs
    StatePublished - 2012

    Keywords

    • European union
    • Fiscal decentralisation
    • Panel data analysis
    • Public administration structure
    • Public debt

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