View More View Less
  • 1 State Audit Office Research Institute P.O. Box 265 H-1364 Budapest 4 Hungary
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

The paper discusses the reasons and possible resolutions of the contradictions in the Hungarian local government system, and proposes methods to resolve them. The nature of the Hungarian system cannot be described by classical normative theories of fiscal federalism. The operation of Hungarian local governments is determined rather by the decentralisation of conflicts stemming from the reduction of state responsibilities, and the resulting municipal behaviour. The second generation theory of fiscal federalism pays particular attention to the institutional guarantees of fiscal discipline shown by the lower levels of government sector. Actors in the Hungarian system, a system that functions as a ‘conflict container’, try to offset the financial pressures, weighing heavily on them by borrowing and by contingent liabilities. While central government has transferred new duties to local governments from year to year, it has reduced the amount of fiscal subsidies. Until a long-term comprehensive reform is implemented, consequent risks must be treated in the short run, as well.

  • Ágh, A. (2005): Közigazgatási reform és EU versenyképesség: A konfliktus-konténerek felszámolása. (Reform of Public Administration and EU Competitiveness: The Liquidation of Conflict Containers.) In: Vigvári, A. (ed.): Félúton. Tanulmányok a helyi önkormányzatok finanszírozási rendszerének továbbfejlesztési lehetőségeiről (At the Halfway Point. Papers on Possibilities of Modernization of Local Finance System). Budapest: Magyar Közigazgatási Intézet, 15–20.

    Ágh A. , '', in Félúton. Tanulmányok a helyi önkormányzatok finanszírozási rendszerének továbbfejlesztési lehetőségeiről , (2005 ) -.

  • Állami Számvevőszék (State Audit Office) (2007): Közpénzügyi Tézisek (SAO Thesis on Improvement of Public Finances).

  • Balassone, F. — Franco, D. — Zotteri, S. (2004): Fiscal Rules for Sub-national Governments: Lessons from the EMU. In: Kopits, G. (ed.): Rules-based Fiscal Policy in Emerging Markets. Background, Analysis and Prospects . London: Palgrave, IMF, 219–234.

    Zotteri S. , '', in Rules-based Fiscal Policy in Emerging Markets. Background, Analysis and Prospects , (2004 ) -.

  • Boadway, R. (2006): Intergovernmental Redistributive Transfers: Efficiency and Equity. In: Ahmad, E. — Brosio, G. (eds.): Handbook of Fiscal Federalism . Cheltenham and Northampton: Edward Elgar Publishing, 355–380.

    Boadway R. , '', in Handbook of Fiscal Federalism , (2006 ) -.

  • Csipai, M. — Vigvári, A. (2009): International Experience Concerning the Development of Local Finance. Public Finance Quarterly , 53(2–3): 466–473.

    Vigvári A. , 'International Experience Concerning the Development of Local Finance ' (2009 ) 53 Public Finance Quarterly : 466 -473.

    • Search Google Scholar
  • Dafflon, B. (ed.) (2002): Local Public Finance in Europe. Balancing the Budget and Controlling Debt . Cheltenham and Northampton: Edward Elgar Publishing.

    '', in Local Public Finance in Europe. Balancing the Budget and Controlling Debt , (2002 ) -.

  • Davey, K. (2004): Local Government Size, Structures and Competences in the European Context. In: Kopányi, M. et al. (eds.): Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 . Budapest: Open Society Institute, 79–92.

    Davey K. , '', in Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 , (2004 ) -.

  • Dexia (2008): Sub-national Governments in the European Union. Organisation, Responsibilities and Finance . Collective work under the direction of Dominique Hoorens. Dexia Editions.

  • Erdős, T. (2003): Fenntartható gazdasági növekedés (Sustainable Economic Growth). Budapest: Akadémiai Kiadó.

    Erdős T. , '', in Fenntartható gazdasági növekedés , (2003 ) -.

  • Gál, E. (2009): Az önkormányzatok adós és követelésminősítésének elméleti és gyakorlati problémái (The Practical and Theoretical Problems of Credit Risk Evaluation Related to the Indebtedness of the Hungarian Municipalities.) PhD Dissertation, Miskolc University.

  • Garzarelli, E . (2004): Old and New Theories of Fiscal Federalism, Organizational Design Problems and Tiebout. Journal of Public Finance and Public Choice , XXII (1–2): 91–104.

    Garzarelli E. , 'Old and New Theories of Fiscal Federalism, Organizational Design Problems and Tiebout ' (2004 ) XXII Journal of Public Finance and Public Choice : 91 -104.

    • Search Google Scholar
  • Goglio, A. (2009): Encouraging Sub-national Government Efficiency in Hungary. Public Finance Quarterly , 54(4): 591–612.

    Goglio A. , 'Encouraging Sub-national Government Efficiency in Hungary ' (2009 ) 54 Public Finance Quarterly : 591 -612.

    • Search Google Scholar
  • Hegedűs, J. (2004): Off-budget Revenues and Expenditures: A Challenge to Sub-national Finances. In: Kopányi, M. et al. (eds.): Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 . Budapest: Open Society Institute, 323–336.

    Hegedűs J. , '', in Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 , (2004 ) -.

  • Hegedűs, J. — Tönkő, A. (2007): Az önkormányzati gazdasági társaságok szerepe a helyi önkormányzatok vagyongazdálkodásában: a feltételes kötelezettségvállalás (contingent liability) problémája (Role of Municipal Enterprises in Asset Management of Local Governments and Problems of Contingent Liabilities). In: Vigvári, A. (ed.): A családi ezüst. Tanulmányok az önkormányzati vagyongazdálkodás témaköréből. Közigazgatási olvasmányok (The Family Silver. Studies about the Asset Management of Local Governments). Budapest: Complex Kiadó, 67–94.

    Tönkő A. , '', in A családi ezüst. Tanulmányok az önkormányzati vagyongazdálkodás témaköréből. Közigazgatási olvasmányok , (2007 ) -.

  • Homolya, D. — Szigel, G. (2008): Önkormányzati hitelezés — kockázatok és banki viselkedés (Lending to Local Governments — Risks and Behavior of Banks). MNB Szemle , September: 20–29.

  • Jókay, Ch. — Szmetana, Gy. — Szepesi, G. (2004): Municipal Bankruptcy Framework and Debt Management Experiences 1996–2000. In: Kopányi, M. et al. (eds.): Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 . Budapest: Open Society Institute, 593–616.

    Szepesi G. , '', in Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 , (2004 ) -.

  • Jókay, Ch. — Veres-Bocskay, K. (2009): Only in Hungary: Experiences with Municipal Debt Adjustment and Suggested Regulatory Changes. Public Finance Quarterly , 54(1): 115–129.

    Veres-Bocskay K. , 'Only in Hungary: Experiences with Municipal Debt Adjustment and Suggested Regulatory Changes ' (2009 ) 54 Public Finance Quarterly : 115 -129.

    • Search Google Scholar
  • Kim, J. — Lotz, J. (eds.) (2008): Measuring Local Government Expenditure Needs . The Copenhagen Workshop 2007 on 13 th and 14 th September 2007. The Korea Institute of Public Finance, Danish Ministry of Social Welfare.

  • Kopányi, M. — Vigvári, A. (2003): Az önkormányzati szektor forrásbevonó képességének növelésével kapcsolatos gazdaságpolitikai kérdések (The Economic Policy Issues of Absorption Capacity of Hungarian Local Governments). Pénzügyi Szemle , 11: 1071–1088.

    Vigvári A. , 'Az önkormányzati szektor forrásbevonó képességének növelésével kapcsolatos gazdaságpolitikai kérdések ' (2003 ) 11 Pénzügyi Szemle : 1071 -1088.

    • Search Google Scholar
  • Kopányi, M. — Deher, S. — Wetzel, D. — Noel, M. — Papp, A. (2004): Modernizing the Sub-national Government System. In: Kopányi, M. et al. (eds.): Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 . Budapest: Open Society Institute, 15–75.

    Papp A. , '', in Intergovernmental Finance in Hungary. A Decade of Experience 1990–2000 , (2004 ) -.

  • Kopits, G. (ed.) (2004): Rules-based Fiscal Policy in Emerging Markets. Background, Analysis and Prospects . London: Palgrave, IMF.

    '', in Rules-based Fiscal Policy in Emerging Markets. Background, Analysis and Prospects , (2004 ) -.

  • Lotz, J. (2009): Is there Conformity with the Council of Europe Guidelines for Local Finances? Public Finance Quarterly , 54(2–3): 474–482.

    Lotz J. , 'Is there Conformity with the Council of Europe Guidelines for Local Finances? ' (2009 ) 54 Public Finance Quarterly : 474 -482.

    • Search Google Scholar
  • Musgrave, R. A. — Musgrave, P. B. (1989): Public Finance in Theory and in Practice . New York: International Edition McGraw-Hill Book Company.

    Musgrave P. B. , '', in Public Finance in Theory and in Practice , (1989 ) -.

  • Nagy, K. (ed.) (2002): Önkormányzati adósságregiszter (Debt Register of Local Governments). Made on behalf of the World Bank by a team of Protán Rt. Közigazgatás-fejlesztési Füzetek , No. 5.

  • Oates, W. E. (1968): The Theory of Public Finance in Federal System. Canadian Journal of Economics , 1: 37–54.

    Oates W. E. , 'The Theory of Public Finance in Federal System ' (1968 ) 1 Canadian Journal of Economics : 37 -54.

    • Search Google Scholar
  • Oates, W. E. (1969): The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis. Journal of Political Economy , 77: 957–971.

    Oates W. E. , 'The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis ' (1969 ) 77 Journal of Political Economy : 957 -971.

    • Search Google Scholar
  • Oates, W. E. (1999): An Essay on Fiscal Federalism. Journal of Economic Literature , 37:1120–1149.

    Oates W. E. , 'An Essay on Fiscal Federalism ' (1999 ) 37 Journal of Economic Literature : 1120 -1149.

    • Search Google Scholar
  • Oates, W. E. (2005): Towards a Second-generation Theory of Fiscal Federalism. International Tax and Public Finance , 12(4): 349–373.

    Oates W. E. , 'Towards a Second-generation Theory of Fiscal Federalism ' (2005 ) 12 International Tax and Public Finance : 349 -373.

    • Search Google Scholar
  • OECD (2006): Fiscal Autonomy of Sub-central Governments. (In: Series “Network on Fiscal Relations Across Levels of Government”.) Working Paper , No. 2.

  • Offe, C. (1975): Zur Frage der „Identität der kommunlaen Ebene“. In: Grauhan, R. R. (ed.): Lokale Politikforschung . Frankfurt: Campus.

    Offe C. , '', in Lokale Politikforschung , (1975 ) -.

  • Pálné Kovács, I. (1990): Helyi politika (Local Policy). Budapest: Akadémiai Kiadó.

    Pálné Kovács I. , '', in Helyi politika , (1990 ) -.

  • Polackova, H. (1998): Contingent Government Liabilities: A Hidden Risk for Fiscal Stability. Policy Research Working Paper , Washington, D.C.: World Bank, October.

    Polackova H. , '', in Policy Research Working Paper , (1998 ) -.

  • Sutherland, D. (2005): Fiscal Rules for Sub-central Governments: Design and Impact. OECD Economics Department Working Paper , No. 465. www.oecd.org

  • Swianewicz, P. (ed.) (2004): Local Borrowing: Risks and Rewards . Project “Local Government Initiative”. Budapest: Open Society Institute.

    '', in Local Borrowing: Risks and Rewards. Project “Local Government Initiative” , (2004 ) -.

  • Tiebout, Ch. (1956): A Pure Theory of Local Expenditures. Journal of Political Economy , 64: 416–424.

    Tiebout Ch. , 'A Pure Theory of Local Expenditures ' (1956 ) 64 Journal of Political Economy : 416 -424.

    • Search Google Scholar
  • Vasvári, T. (2009): Az önkormányzatok kötvényfinanszírozása és a felmerülő kockázatok kezelése (Bond Issuances of Local Governments in Hungary and Management of Related Risks). Manuscript , University of Pécs, Faculty of Business and Economics.

  • Vigvári, A. (2002): Lehetőségek önkormányzatok pénzügyi elemzéséhez (Some Possibilities for Financial Analysis of Local Governments). Számvitel, Adó, Könyvvizsgálat , 11: 506–509.

    Vigvári A. , 'Lehetőségek önkormányzatok pénzügyi elemzéséhez ' (2002 ) 11 Számvitel, Adó, Könyvvizsgálat : 506 -509.

    • Search Google Scholar
  • Vigvári, A. (2005): Közpénzügyeink (Our Public Finances). Budapest: KJK-KERSZÖV Üzleti Kiadó Kft.

    Vigvári A. , '', in Közpénzügyeink , (2005 ) -.

  • Vigvári, A. (2006a): Local Government Reform, but How? Development and Finance. Quarterly Hungarian Economic Review , 2: 42–52.

    Vigvári A. , 'Local Government Reform, but How? Development and Finance ' (2006 ) 2 Quarterly Hungarian Economic Review : 42 -52.

    • Search Google Scholar
  • Vigvári, A. (2006b): A Possible Path to Implement Public Finance Reforms. Public Finance Quarterly , 51(2): 131–151.

    Vigvári A. , 'A Possible Path to Implement Public Finance Reforms ' (2006 ) 51 Public Finance Quarterly : 131 -151.

    • Search Google Scholar
  • Vigvári A (2007): Magic Weapon in Fiscal Policy? Thoughts on the Budget Rules Applicable to the Local Governments. Public Finance Quarterly , 52(3–4): 536–544.

    Vigvári A. , 'Magic Weapon in Fiscal Policy? Thoughts on the Budget Rules Applicable to the Local Governments ' (2007 ) 52 Public Finance Quarterly : 536 -544.

    • Search Google Scholar
  • Vigvári, A. (2009): A Possible Scenario of Modernizing the Hungarian Local Government Model. Public Finance Quarterly , 54(1): 69–89.

    Vigvári A. , 'A Possible Scenario of Modernizing the Hungarian Local Government Model ' (2009 ) 54 Public Finance Quarterly : 69 -89.

    • Search Google Scholar
  • Weingast, B. R. (2006): Second Generation Fiscal Federalism: Implications for Decentralized Democratic Governance and Economic Development. Working Paper , Hoover Institution, Stanford University.

Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2021 Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
May 2021 2 1 0
Jun 2021 1 1 0
Jul 2021 9 0 0
Aug 2021 7 0 0
Sep 2021 3 0 0
Oct 2021 5 1 1
Nov 2021 0 0 0