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 language | English |
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Pages (from-to) | 265-276 |
Number of pages | 12 |
Journal | Lex Localis |
Volume | 10 |
Issue number | 3 |
DOIs | |
State | Published - 2012 |
Keywords
- European union
- Fiscal decentralisation
- Panel data analysis
- Public administration structure
- Public debt