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Rozpočty obcí v ČR – ekonometrická analýza s využitím panelových dát / Municipal budgets in Czech Republic – econometric panel data analysis

This paper analyses a panel data of 198 Czech municipalities for the period 2003-2015. The aim is to define determinants of municipalities' tax revenue budgeting errors using static panel data models with fixed and random effect. Czech municipalities have a tendency to underestimate both total and tax revenues. On average, budgeted tax revenues are about 7 % lower than collected revenues during the period under examination. Such action could entail less transparency in budgeting process. Results indicate that structure of tax revenues also plays a role in explaining forecast errors. Further, the analysis shows the impact of electoral cycle and macroeconomic variables on budget deviations.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:359326
Date January 2017
CreatorsZvariková, Alexandra
ContributorsFormánek, Tomáš, Dlouhá, Zuzana
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageSlovak
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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