Szarowská, Irena - In: European financial and accounting journal : EFAJ 9 (2014) 1, pp. 22-40
performed on a panel, which contains 17 unitary countries. Explanatory variables are not examined in individual regressions, but … study newly uses Generalized Method of Moments. For a model specification, Dynamic Panel Data Model Wizard is applied …. Results of dynamic panel analysis suggest positive and statistically significant impact of expenditure decentralisation and …