Nadiya Dubrovina – School of Economics and Management in Public Administration in Bratislava, Slovakia
Oleksandr Nestorenko – University of Economics in Bratislava, Slovakia
Kristina Sirenko – Academy of the State Penitentiary Service, Ukraine
Olena Vasylenko – National Transport University, Ukraine




3rd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2019 – Bratislava, Slovakia, October 24, 2019, SELECTED PAPERS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-24-0, ISSN 2683-5991, DOI:




The features of the financial decentralization are closely connected with the public administration
and self-governance systems in the separated countries. It should be mentioned that the problem of efficient
allocation of the financial resources between social and economic institutions from the different territorial
levels is not clearly solved in many EU countries, and in Visegrad countries particularly. It is important to
study the relations between taxes and transfers on the different government level. In this work we presented
one of the possible approaches to study relationship between taxes and transfers on the different government
level in Visegrad countries. By means of econometric analysis and regression models we showed
essentially strong vertical and horizontal relations for some countries of EU between their fiscal indicators
on central and local government level. Nevertheless, we had the different estimations of the parameters for
factor variables, as well as for trends, which can be explained by important differences in the policy of these
V4 countries-neighbors in the policy of fiscal decentralization, social and economic development.



Fiscal Decentralization, Fiscal Policy, Vertical and Horizontal Relation, Econometric
Model, Visegrad Countries.


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264 s. ISBN 978-80-247-3228-2.
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