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Municipal Bonds and their Significance in Financing Local and Regional Development

Author

Listed:
  • Elzbieta Ociepa-Kicinska
  • Malgorzata Gorzalczynska-Koczkodaj

Abstract

Purpose: The purpose of this paper is to analyze the popularity of issuing bonds by local governments in Poland and to try to find an answer to the question of why local governments in Poland prefer to finance debt in other ways. Design/Methodology/Approach: The provisions of laws and financial reports on the implementation of the state budget were analyzed. Findings: Self-government units choose simpler instruments to finance pro-development tasks. Practical Implications: The results of the analysis should provide important guidance to policymakers in simplifying procedures and popularizing knowledge of municipal bonds. Originality/Value: The work covers timely and important issues for local and regional governments and fills a research gap in the field, combining theoretical issues with practical insights.

Suggested Citation

  • Elzbieta Ociepa-Kicinska & Malgorzata Gorzalczynska-Koczkodaj, 2023. "Municipal Bonds and their Significance in Financing Local and Regional Development," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 300-307.
    • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:4:p:300-307
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    References listed on IDEAS

    as
    1. Davide Eltrudis, 2022. "On the Financial Autonomy of European Local Governments: The Case of Municipal Bonds in Italy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 226-242.
    2. Pociovalisteanu Diana-Mihaela & Thalassinos Eleftherios, 2009. "The Structural Funds and the Economic and Social Cohesion Process," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 313-330, May.
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    More about this item

    Keywords

    Municipal bonds; financing of socio-economic development; debt of self-government units.;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • F02 - International Economics - - General - - - International Economic Order and Integration

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