Myroslav S. Khomyak, 75_03
Tuesday, 30 May 2017 03:58 | Author: ??????????? ?.?. | 
Myroslav S. Khomyak
PhD in Economics, University of State Fiscal Service of Ukraine.
Address: 08201, Ukraine, Kyiv region, Irpin, 31 Universytetska Str.
Tel.: 38 098 074 37 87. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
The theoretical and methodical aspects of creation of budget space of regions
Section: Macroeconomic and regional problems of industrial development
Ekon. promisl. 2016, 75(3): 65-79
https://doi.org/10.15407/econindustry2016.03.065
Language: Ukrainian
Keywords: budget space; fiscal decentralization; regions; budget policy.
| Full text (PDF)
References
Bench, L., & Kornac'ka, R. (2014). Debt policy in Ukraine: realities and prospects. Biznes Inform, 2, 35-39 [in Ukrainian].
Grycenko, A. (2004). Institutional architectonics of budgetary and monetary space. Naukovi praci NDFI, 6 (29), 67-75 [in Ukrainian].
Jefymenko, T. (2013). ‘Parametry fiskal'nogo prostoru v umovah kryzy’. Visnyk Instytutu Ekonomiky ta Prognozuvannja, pp. 11-19 [in Ukrainian].
Jefymenko, T. (2011) Formation of the fiscal space of economic reforms. Finansy Ukrayiny, 4, 3-23 [in Ukrainian].
Majba, A. (2011). Fiscal space: the economic nature and structure. Formuvannja rynkovyh vidnosyn v Ukrai'ni. 9, 34-41 [in Ukrainian].
Piontkivs'kyj, R. (2006). Fiscal space for growth: where to get and how to use the. Dzerkalo tyzhnja, 39, 7 [in Ukrainian].
Usyk, V. (2015). Fiscal space of Ukraine in crisis management. In I.I. Malyy (Ed.), Anti-crisis management of the economy of Ukraine: new challenges. Kyiv: KNEU, 94-96 [in Ukrainian].
Chugunov, I., & Lysjak, L. (2009). Budgetary system in the institutional environment of society. Finansy Ukrayiny, 11, 3-12 [in Ukrainian].
Chugunov, I. (2014). Long-term budget strategy in the economic cycle system. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu, 5, 64-77 [in Ukrainian].
Farvacque-Vitkovic, C. & Kopanyi, M. A (2014). Handbook for Local Governments. International Bank for Reconstruction and Development. Washington, DC: World Bank.
Atkinson, A. & Stiglitz, J. (1980). Lectures on Public Economics. New-York: McGraw-Hill Book Company.
Bird, R. (1992). Tax policy and economic development. Baltimore, MD: Johns Hopkins University Press.
Capeci, J. (1994). Local fiscal policies default risk and municipal borrowing costs. Journal of Public Economics, 53, 73-89 DOI: http://dx.doi.org/10.1016/0047-2727(94)90014-0.
De Mello, L. (2000). Fiscal Decentralization and Intergovernmental Fiscal Relations: A Cross-Country Analysis. World Development, 28(2), 365-380 DOI: http://dx.doi.org/10.1016/S0305-750X(99)00123-0.
European Charter of Local Self-Government (1985). Strasbourg, 15.X.1985.
Inman, R. (1996). Do balanced budget rules work: US experience and possible lessons for the EMU. NBER Working Paper No. 5838.
Boadway, R. & Shah, A. (2007). Intergovernmental fiscal transfers: principles and practice. Washington, DC: World Bank.
Marcel, M. (2012). Budgeting for fiscal space and government performance beyond the great recession. OECD.
McLure, Ch. & Martinez-Vazquez, J. (2000). Intergovernmental Fiscal Relations & Local Financial Management Program. Washington, DC: World Bank.
Musgrave, R. (1959). The theory of public finance: a study in public economy. New-York: McGraw-Hill.
Oates, W. (1972). Fiscal federalism. The Harbrace series in business and economics. Harcourt Brace Jovanovich.
Rosen, H. (2005). Public Finance. 7th ed. Boston: McGraw-Hill/Irwin.
Schick, A. (2009). Budgeting for Fiscal Space. OECD Journal on Budgeting, 2, 18 DOI: http://dx.doi.org/10.1787/budget-9-5ksb4ssm56q2.
Shah, A. (1985). Provincial Transportation Grants to Alberta Cities: Structure, Evaluation, and a Proposal for an Alternate Design. In: Quantity and Quality in Economic Research, ed. Roy Chamberlain Brown (Vol. I, pp. 59-108). New York: University Press of America.
Shah, A. (1991). The New Fiscal Federalism in Brazil. Washington, DC: World Bank.
Shah, A. (1994). The Reform of Intergovernmental Fiscal Relations in Developing and Emerging Market Economies. Washington, DC: World Bank.
Stiglitz, J. (2000). The contributions of the economics of information to twentieth century economics. Quarterly Journal of Economics, 115(4), 1441-78. DOI: http://dx.doi.org/10.1162/003355300555015.
PhD in Economics, University of State Fiscal Service of Ukraine.
Address: 08201, Ukraine, Kyiv region, Irpin, 31 Universytetska Str.
Tel.: 38 098 074 37 87. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
The theoretical and methodical aspects of creation of budget space of regions
Section: Macroeconomic and regional problems of industrial development
Ekon. promisl. 2016, 75(3): 65-79
https://doi.org/10.15407/econindustry2016.03.065
Language: Ukrainian
Abstract: The article examines the theoretical background of creation of budget space of regions in the context of fiscal decentrallization. We have briefly analyzed the functions of government, according to R. Musgrave, notably macroeconomic stabilization - the maintenance of both price stability and high employment, income redistribution assigned primarily to the central government, and allocation of resources which should be efficient. After examining the theoretical and methodical aspects of applying the main instruments of budget space we determined the basic tools of financial relations between authorities of different levels in the framework of budget space. In general, these instruments could be divided into two broad categories: general-purpose and specific-purpose transfers. In turn, specific-purpose transfers intended to give incentives for authorities of different levels to realize some specific programs and activities could be open-ended and close-ended, depending on limits of funds, transferred to local governments. Also specific-purpose transfers could have matching or non matching nature: matching grants require that the recipient should match the funds to some degree, while non matching transfers ensure a given level of funding without local matching, although these transfers provide spending of funds only for determined purposes. We analyzed the types of transfers depending on their purposes, their influence on relative prices on public goods and services and also on spending of central government.
Keywords: budget space; fiscal decentralization; regions; budget policy.
| Full text (PDF)
References
Bench, L., & Kornac'ka, R. (2014). Debt policy in Ukraine: realities and prospects. Biznes Inform, 2, 35-39 [in Ukrainian].
Grycenko, A. (2004). Institutional architectonics of budgetary and monetary space. Naukovi praci NDFI, 6 (29), 67-75 [in Ukrainian].
Jefymenko, T. (2013). ‘Parametry fiskal'nogo prostoru v umovah kryzy’. Visnyk Instytutu Ekonomiky ta Prognozuvannja, pp. 11-19 [in Ukrainian].
Jefymenko, T. (2011) Formation of the fiscal space of economic reforms. Finansy Ukrayiny, 4, 3-23 [in Ukrainian].
Majba, A. (2011). Fiscal space: the economic nature and structure. Formuvannja rynkovyh vidnosyn v Ukrai'ni. 9, 34-41 [in Ukrainian].
Piontkivs'kyj, R. (2006). Fiscal space for growth: where to get and how to use the. Dzerkalo tyzhnja, 39, 7 [in Ukrainian].
Usyk, V. (2015). Fiscal space of Ukraine in crisis management. In I.I. Malyy (Ed.), Anti-crisis management of the economy of Ukraine: new challenges. Kyiv: KNEU, 94-96 [in Ukrainian].
Chugunov, I., & Lysjak, L. (2009). Budgetary system in the institutional environment of society. Finansy Ukrayiny, 11, 3-12 [in Ukrainian].
Chugunov, I. (2014). Long-term budget strategy in the economic cycle system. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu, 5, 64-77 [in Ukrainian].
Farvacque-Vitkovic, C. & Kopanyi, M. A (2014). Handbook for Local Governments. International Bank for Reconstruction and Development. Washington, DC: World Bank.
Atkinson, A. & Stiglitz, J. (1980). Lectures on Public Economics. New-York: McGraw-Hill Book Company.
Bird, R. (1992). Tax policy and economic development. Baltimore, MD: Johns Hopkins University Press.
Capeci, J. (1994). Local fiscal policies default risk and municipal borrowing costs. Journal of Public Economics, 53, 73-89 DOI: http://dx.doi.org/10.1016/0047-2727(94)90014-0.
De Mello, L. (2000). Fiscal Decentralization and Intergovernmental Fiscal Relations: A Cross-Country Analysis. World Development, 28(2), 365-380 DOI: http://dx.doi.org/10.1016/S0305-750X(99)00123-0.
European Charter of Local Self-Government (1985). Strasbourg, 15.X.1985.
Inman, R. (1996). Do balanced budget rules work: US experience and possible lessons for the EMU. NBER Working Paper No. 5838.
Boadway, R. & Shah, A. (2007). Intergovernmental fiscal transfers: principles and practice. Washington, DC: World Bank.
Marcel, M. (2012). Budgeting for fiscal space and government performance beyond the great recession. OECD.
McLure, Ch. & Martinez-Vazquez, J. (2000). Intergovernmental Fiscal Relations & Local Financial Management Program. Washington, DC: World Bank.
Musgrave, R. (1959). The theory of public finance: a study in public economy. New-York: McGraw-Hill.
Oates, W. (1972). Fiscal federalism. The Harbrace series in business and economics. Harcourt Brace Jovanovich.
Rosen, H. (2005). Public Finance. 7th ed. Boston: McGraw-Hill/Irwin.
Schick, A. (2009). Budgeting for Fiscal Space. OECD Journal on Budgeting, 2, 18 DOI: http://dx.doi.org/10.1787/budget-9-5ksb4ssm56q2.
Shah, A. (1985). Provincial Transportation Grants to Alberta Cities: Structure, Evaluation, and a Proposal for an Alternate Design. In: Quantity and Quality in Economic Research, ed. Roy Chamberlain Brown (Vol. I, pp. 59-108). New York: University Press of America.
Shah, A. (1991). The New Fiscal Federalism in Brazil. Washington, DC: World Bank.
Shah, A. (1994). The Reform of Intergovernmental Fiscal Relations in Developing and Emerging Market Economies. Washington, DC: World Bank.
Stiglitz, J. (2000). The contributions of the economics of information to twentieth century economics. Quarterly Journal of Economics, 115(4), 1441-78. DOI: http://dx.doi.org/10.1162/003355300555015.
