National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Municipal budgets in Czech Republic – econometric panel data analysis
Zvariková, Alexandra ; Formánek, Tomáš (advisor) ; Dlouhá, Zuzana (referee)
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.

Interested in being notified about new results for this query?
Subscribe to the RSS feed.