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Is There a Local Financial Crisis in Poland?

100%

Poniatowicz M.

Optimum. Studia Ekonomiczne

2012

issue 5(59)

77-88

This article aims to identify the specific features of local financial crisis (stress). As an example for analysis, the author uses the Polish local government sector. The analysis relates to changes in the sector’s budgetary revenue and expenditure, limitation of local authorities’ financial autonomy, the deepening fiscal imbalance experienced by them, and their rapidly growing level of debt and its consequences. Comparisons are made with the situation in other European Union member states.

Problematyka mierzalności stresu fiskalnego na przykładzie wybranych miast na prawach powiatu w latach 2006‒2008

88%

Pankiewicz P.

Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie

2012

issue 889

79-88

Public finance theory constitutes a vast area of study of the fiscal environment in which local governments act. One of the key modern hazards afflicting the financial stability of those economic agents has been referred to as fiscal stress. Although the definition of this phenomenon presents one with no considerable cognitive difficulties, an optimal technique for measuring it remains a considerable issue for ongoing research. The aim of this paper is to discuss briefly the key features which descriptive formulae of fiscal stress should involve and to propose an aggregation method, based on the exponential weighted average, which facilitates an impromptu assessment of an agent’s fiscal conditions. Pivotal interpretations of some empirical results are outlined to elucidate the issues under consideration.

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1 Optimum. Studia Ekonomiczne

1 Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie

2 2012

1 Pankiewicz P.

1 Poniatowicz M.

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Is There a Local Financial Crisis in Poland?

Problematyka mierzalności stresu fiskalnego na przykładzie wybranych miast na prawach powiatu w latach 2006‒2008