Relationship between fiscal sustainability and efficiency: Evidence from large cities in Poland

IF 2.1 Q2 ECONOMICS

Economics & Sociology Pub Date : 2021-09-01 DOI:10.14254/2071-789X.2021/14-3/9

K. Wójtowicz, S. Hodžić

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引用次数: 1

Abstract

Fiscal sustainability should be defined in the relation between public finances and sustainable economy. It requires a fiscal policy aimed not only at a fiscal balance, but also at the well-being of future generations, while taking the economic, social, environmental and institutional dimensions into account. The objective of this paper is to examine the relationship between fiscal sustainability and efficiency on the example of large cities in Poland in the period from 2008 to 2019. In order to obtain empirical results, a data envelopment analysis and panel data analysis were applied, and a fiscal sustainability index was constructed by means of a multidimensional approach. Based on a sample of 66 large cities in Poland, the results showed that there is a negative relationship between fiscal sustainability and efficiency. These results, however, relate to a specific period in the history of Polish cities when the local debt limits were tightened. The improvement in efficiency allowed local government units to allocate saved local expenditures to the partial repayment of previously incurred local debts. By doing so, Polish cities fulfilled tightened fiscal rules, but their service-level solvency decreased.

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财政可持续性与效率的关系:来自波兰大城市的证据

财政可持续性应在公共财政与可持续经济的关系中加以界定。它需要一项财政政策，其目的不仅在于财政平衡，而且在于子孙后代的福祉，同时考虑到经济、社会、环境和体制方面。本文旨在以2008年至2019年波兰大城市为例，研究财政可持续性与效率之间的关系。为了获得实证结果，运用数据包络分析和面板数据分析，并采用多维度方法构建财政可持续性指标。基于波兰66个大城市的样本，结果表明财政可持续性与效率之间存在负相关关系。然而，这些结果与波兰城市历史上地方债务上限收紧的特定时期有关。效率的提高使地方政府单位能够将节省下来的地方支出用于偿还以前发生的部分地方债务。通过这样做，波兰的城市履行了收紧的财政规则，但它们的服务水平偿债能力下降了。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics & Sociology ECONOMICS-

CiteScore

5.40

自引率

6.70%

发文量

审稿时长

24 weeks

期刊介绍： Economics and Sociology (ISSN 2306-3459 Online, ISSN 2071-789X Print) is a quarterly international academic open access journal published by Centre of Sociological Research in co-operation with University of Szczecin (Poland), Mykolas Romeris University (Lithuania), Dubcek University of Trencín, Faculty of Social and Economic Relations, (Slovak Republic) and University of Entrepreneurship and Law, (Czech Republic). The general topical framework of our publication include (but is not limited to): advancing socio-economic analysis of societies and economies, institutions and organizations, social groups, networks and relationships.[...] We welcome articles written by professional scholars and practitioners in: economic studies and philosophy of economics, political sciences and political economy, research in history of economics and sociological phenomena, sociology and gender studies, economic and social issues of education, socio-economic and institutional issues in environmental management, business administration and management of SMEs, state governance and socio-economic implications, economic and sociological development of the NGO sector, cultural sociology, urban and rural sociology and demography, migration studies, international issues in business risk and state security, economics of welfare.

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