2015
DOI: 10.5539/jsd.v8n6p90
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Economic Aspects of Local Authorities Functioning

Abstract: The relevance of the study on economic aspects of local authorities' functioning is due to their dual nature in the complex system of market relations. In this regard, this article is aimed at economic aspects' revealing of local authorities' functioning, as well as the disclosure of various interest levels' interaction in the system of municipal management. A leading approach in the study of this problem is the method of the effectiveness assessing of local authorities' functioning. The article presents the a… Show more

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“…On the one hand, it is connected with the lack of budget funds for development [1] and underestimation of the impact of urban parks on the attractiveness and sustainable development of the territory. At the same time, many studies [2][3][4][5] show that the urban parks are of strategic importance for the development of the territory, as they positively affect the quality of life of the population. It is no coincidence that urban parks are taken as a public good [6] because even if a city park is fenced and park services are seen as consumer ones, paid by those who can afford them, it is unlikely that the fees charged will cover the direct and indirect costs (for example, for the personnel wages).…”
Section: Introductionmentioning
confidence: 99%
“…On the one hand, it is connected with the lack of budget funds for development [1] and underestimation of the impact of urban parks on the attractiveness and sustainable development of the territory. At the same time, many studies [2][3][4][5] show that the urban parks are of strategic importance for the development of the territory, as they positively affect the quality of life of the population. It is no coincidence that urban parks are taken as a public good [6] because even if a city park is fenced and park services are seen as consumer ones, paid by those who can afford them, it is unlikely that the fees charged will cover the direct and indirect costs (for example, for the personnel wages).…”
Section: Introductionmentioning
confidence: 99%