Naslov
The impact of the global crisis on fiscal imbalance and local economic development in Croatia

Autori
Slijepčević, Sunčana

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Contemporary trends and prospects of economic recovery

Urednik/ci
Angelova, Biljana ; Jurlina Alibegović, Dubravka ; Redzepagic, Srdjan

Izdavač
CEMAFI International

Grad
Nica

Godina
2014

Raspon stranica
696-714

ISBN
978-2-9544508-5-8

Ključne riječi
Local government units, local economic development, economic crisis, fiscal capacities

Sažetak
The paper discusses the impact of the financial crisis on fiscal stance and local economic development in Croatia. The literature shows that the financial crisis deteriorate the fiscal position of local government more in those countries which have lower level of decentralisation due to the fact that the government in the time of recession use the most of available financial resources to improve economic situation at the national level. In addition, local governments with higher level of fiscal autonomy more easily use resources to retain jobs and encourage investments. In Croatia the level of fiscal decentralisation is lower than in the most of European Union countries. The paper analyses the impact of the financial crises on the size and structure of the local government budget. It shows that the financial crises contributed to deepening the fiscal imbalance in local government finances in Croatia. The large number of local government units even before recession did not have enough financial resources to provide basic public functions to their citizens. Financial crisis further deepen the financial gap and lead to postponement of investment projects. Paper also analyses the regional councillors’ attitudes in the time of recession towards the priority areas for stimulating recovery and local economic development.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA