An integrated approach to assessing the level of fiscal policy decentralization

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dc.contributor.authorShevchuk, Oleh
dc.contributor.authorШевчук, Олег Анатолійович
dc.contributor.authorШевчук, Олег Анатольевич
dc.contributor.authorMartynenko, Valentyna
dc.contributor.authorМартиненко, Валентина
dc.date.accessioned2024-03-15T08:32:00Z
dc.date.available2024-03-15T08:32:00Z
dc.date.issued2020
dc.description.abstractThe main purpose of this study is to introduce an integrated approach to the methodology of assessing the level of fiscal policy decentralization. It is proposed to evaluate the fiscal policy decentralization of the state according to three functional components: decentralization of the process of local budget revenues formation (includes five indicators); decentralization of local budget structure (includes six indicators); decentralization of intergovernmental budgetary relations (includes five indicators). The expediency of forming an integral indicator of the level of fiscal policy decentralization as the geometric mean of three sub-indexes formed by its main functional components is substantiated. It has been proved that the level of fiscal decentralization in Ukraine decreased at the end of 2017, compared to 2004, but was medium with acceptable risks of fiscal policy modernization. Instead, in 2014, the lowest numerical value of the decentralization level was recorded, which corresponded to the critical level of the integral indicator with significant obstacles to the modernization of fiscal policy. The results obtained confirm the feasibility of implementing the decentralization reform in Ukraine, which started in 2014, and demonstrate its effectiveness.
dc.identifier.citationShevchuk O. An integrated approach to assessing the level of fiscal policy decentralization / Oleg Shevchuk, Valentyna Martynenko // Investment Management and Financial Innovations. – 2020. – Vol. 17, Iss. 1. – P. 49–63.
dc.identifier.doihttp://dx.doi.org/10.21511/imfi.17(1).2020.05
dc.identifier.issn1810-4967
dc.identifier.urihttps://ir.kneu.edu.ua/handle/2010/43143
dc.language.isoen
dc.publisherLLC «Consulting Publishing Company «Business Perspectives»
dc.subjectindicator
dc.subjectintegral indicator
dc.subjectintergovernmental transfers
dc.subjectlocal budget
dc.subjectrevenue
dc.subjectsub-index
dc.subjectUkraine
dc.titleAn integrated approach to assessing the level of fiscal policy decentralization
dc.typeArticle
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