Economic cycle and municipal budgets

Autor: MACHOVÁ, Lenka
Jazyk: čeština
Rok vydání: 2021
Předmět:
Popis: The main aim of this diploma thesis named Economic Cycle and Municipal Budgets is to assess the impact of the economic cycle on the revenue and expenditure part of municipal budgets in the Czech Republic. The practical part is divided into two sections. The first section shows the development of the economic cycle in the Czech Republic and the development of revenues and expenditures of Czech municipalities in the years 2006 to 2019. The second section is an econometric analysis of the behavior of Czech municipal budgets depending on the economic cycle. Data for the second section of the practical part are obtained from publicly available databases such as ARIS, ÚFIS, AMECO database and MONITOR of the Ministry of Finance of the Czech Republic. In total 6 239 municipalities of the Czech Republic were analysed for the reporting period 2010 to 2019. A total of 12 explained variables were determined, namely: tax revenues, personal income tax, corporate income tax, value added tax, real estate tax, non-tax revenues, capital revenues, received transfers, received non-investment transfers, received investment transfers, current expenditures and capital expenditures. The dependence between the explained variable and the explanatory variable is examined using the regression analysis of the panel data. The economic cycle was found to affect all of the selected explanatory variables. The main hypothesis of the diploma thesis is not rejected. The economic cycle affects the revenue and expenditure part of the municipal budgets in the Czech Republic.
Databáze: OpenAIRE
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