Paper/Speech Details of Conference Program for the 26th NISPAcee Annual Conference Program Overview V. Public Finance and Management Author(s) Dan Lupu University "Alexandru Ioan Cuza" Iasi Iasi Romania Onofrei Mihaela, Title Determinants of Financial Efficiency for Romanian Local Counties File Paper files are available only for conference participants, please login first. Presenter Dan Lupu Abstract The current financial crisis and the lack of resources made imperative the analysis of the efficiency for managing public money, both at the central and at the local level. The general objective of the research is constituted by the estimate of the technical efficiency of all counties in Romania, as well as the analysis of its implications in local development. The originality and novelty of the study are supported by the research of a subject that has in the center the efficiency of the public authorities, current research direction for the public sector, in view of achieving a complex study. In order to reach the objective proposed, we will perform calculations because of the Data Envelopment Analysis mathematical model and of the Tobit non-linear econometric model. At the same time, we reach the conclusion that in Romania, as in other states, there is a causality link between the efficiency of the local authorities and the level of corruption.
