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The Decentralization Process in Romania Has Been Affected by the Financial Crisis or Not; Arguments in Favor or Against Decentralization in the Management of the Financial Crisis

Author

Listed:
  • Olivia Manole

    (University of Craiova, Romania)

  • Consuela Necșulescu

    (University of Craiova, Romania)

Abstract

Typically, the decentralization process is extremely complicated and involves many challenges, if we were to take into account local conflicts, the interests of the central government and the complexity of simultaneous decentralization in administrative, political and economic plan. The financial crisis has added another dimension to the complexity of this phenomenon, misbalancing the economy and creating a fiscal pressure both at central and local level. In this context it rises the problem whether the management of the financial crisis can be better realised within a decentralized system or whether it may lay pressure on the return to the centralized government form.

Suggested Citation

  • Olivia Manole & Consuela Necșulescu, 2012. "The Decentralization Process in Romania Has Been Affected by the Financial Crisis or Not; Arguments in Favor or Against Decentralization in the Management of the Financial Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(4), pages 129-136.
    • Handle: RePEc:pet:annals:v:12:y:2012:i:4:p:129-136
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    References listed on IDEAS

    as
    1. de Mello, Luiz Jr, 2000. "Fiscal Decentralization and Intergovernmental Fiscal Relations: A Cross-Country Analysis," World Development, Elsevier, vol. 28(2), pages 365-380, February.
    2. Robert P. Inman & Daniel L. Rubinfeld, 1997. "Rethinking Federalism," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 43-64, Fall.
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    More about this item

    Keywords

    financial crisis; decentralization; centralization; local budget; local revenues;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • G01 - Financial Economics - - General - - - Financial Crises

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