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The Fiscal Federalism: the Main Instrument of Good Economic Governance

Author

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  • Alina Ligia Dumitrescu

Abstract

The article analyzes the need, role and principles underlying good governance in the European Union, namely: openness, participation, accountability, effectiveness and cohesion. Subsequently, the research continues with the definition of the fiscal federalism concept, focusing on the benefits of the economics of multi-level governance. Fiscal federalism is presented as a main instrument of good economic governance that can bring benefits in terms of fiscal consolidation, the efficient use of public funds and the efficient allocation of functions between different levels of authority within the multi-level governance.

Suggested Citation

  • Alina Ligia Dumitrescu, 2014. "The Fiscal Federalism: the Main Instrument of Good Economic Governance," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 6(1), March.
    • Handle: RePEc:iem:journl:v:6:y:2014:i:1:id:2822000009240019
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/137/144
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    Cited by:

    1. Daniela PIRVU & Claudia STANCIU-TOLEA, 2018. "Analyzing The Budgets Of Local Government Administrations In Romania," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(3), pages 83-88.

    More about this item

    Keywords

    public finance; governance; federalism; fiscal consolidation;
    All these keywords.

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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