publication . Article . 2010

Theoretical Aspects of Optimizing the Allocation of Public Financial Resources at Local Level

Open Access
  • Published: 01 Jan 2010 Journal: Timisoara Journal of Economics, volume 3, issue 3(11), pages 147-156
The allocation of financial resources at local, but also at central level, is an issue especially since in times of crisis, finding the optimum way to spend public funds concerns all authorities. This paper aims to identify the ways in which, by leaving from the division of powers based on the allocation of resources and tools available, the local authorities can identify an optimal level of public expenditure so as to achieve a maximum level of using them. Also, the paper seeks to identify the impact that the local public expenditure can have on the development of local gross domestic product as an expression of social welfare. Starting from the scientific acqu...
free text keywords: public expenditure, local authorities, Armey, optimum, welfare, jel:H72
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