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Author : Béla Greskovits
Publisher :
ISBN 13 : 9788371781650
Total Pages : 36 pages
Book Rating : 4.7/5 (816 download)
Download or read book Consolidating Economic Reforms written by Béla Greskovits and published by . This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Mauricio Villafuerte
Publisher : International Monetary Fund
ISBN 13 : 1589069374
Total Pages : 64 pages
Book Rating : 4.5/5 (89 download)
Download or read book Strategies for Fiscal Consolidation in the Post-Crisis World written by Mr.Mauricio Villafuerte and published by International Monetary Fund. This book was released on 2010-09-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.
Author : Walter Kickert
Publisher : Routledge
ISBN 13 : 1317525701
Total Pages : 308 pages
Book Rating : 4.3/5 (175 download)
Download or read book Europe Managing the Crisis written by Walter Kickert and published by Routledge. This book was released on 2015-06-05 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the recent financial crisis have been largely dominated by economists, but the similarities and differences between European countries' response reflect both economic and political perspectives which have resulted in considerable differences in their decisions. Drawing on uniquely comprehensive research data, this book presents an in-depth comparative analysis of how 14 European governments tackled the challenge of fiscal consolidation, and analyses the political decision-making behind these measures. By exploring national responses not just in fiscal terms, but also from a political perspective, it reveals that decision making has been driven by political factors with profound effects on public administration and management. This ground-breaking book fills an important gap in the research literature for scholars of public management, public administration and policy, and will be a benchmark for future work on the global economic crisis.
Author : Galina Kolev
Publisher : Wilfried Martens Centre for European Studies
ISBN 13 : 2930632291
Total Pages : 108 pages
Book Rating : 4.9/5 (36 download)
Download or read book Smart Fiscal Consolidation written by Galina Kolev and published by Wilfried Martens Centre for European Studies. This book was released on 2013-05-10 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: PDF downloadable for free from http://martenscentre.eu/publications/smart-fiscal-consolidation-strategy-achieving-sustainable-public-finances-and-growth Due to high government debt levels and the dangers of self-defeating austerity, smart fiscal consolidation measures are needed that foster economic growth. A thorough review of the relevant literature provides many useful insights. To regain credibility, a clearly communicated broad reform program (including structural reforms) is required. Targeting mainly public expenditures, rather than revenues, raises the chances of expansionary effects. The timing of consolidation should focus on adjustment in structural terms to leave room for automatic stabilisers. The main part of the study evaluates the impact of individual consolidation and fiscal reform measures on consolidation success, on economic growth (in the long and short term), and on social fairness.
Author : Bela Greskovits
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Consolidating Economic Reforms written by Bela Greskovits and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to assess Hungary's present situation in the broader context of overall economic and political developments in post-socialist Eastern Europe? The regional perspective suggests that in terms of parting with state socialism and building market democracy Hungary - and a few other countries including Poland - represents the maximum any former socialist state could achieve between 1989-98. While in this respect no country succeeded in getting farther, most other states have struggled with the peaceful or forceful formation of national identity or a new, independent state, which often dominated over and conflicted with, the issues of economic reforms and democratization on the transformation agenda. Another key to success is that Hungary - similar to Poland, but to a much larger extent - became a major target for foreign direct investment. This is due to a number of factors: from Hungary's strategy for debt, macroeconomic management and privatization, to the foreign investors' and creditors' own expectations. However, the resulting large capital inflow had a major impact on the features of Hungarian capitalism. While everywhere in East the new ownership structure displays various combinations of foreign owners, "national capitalists", and the scattered property rights of workers, the proportions dramatically differ. In much of the East the cohort of foreign investors is entirely missing, while national capitalists of often doubtful origin, skills and strategies acquired overwhelming share and influence. At the other extreme, in former GDR virtually the whole business elite is "foreign": West-German or of other Western origin. On this scale Hungary, with a one-third of its largely private economy in foreign hands [Hegymenet, 1998: 163] in 1997 is closest to the former GDR - and at the same time farthest from the other extreme exhibited by Eastern "national capitalisms". This location makes the Hungarian case specific and hints both at the risks the country avoided and the ones it took.
Author : Chuling Chen
Publisher : International Monetary Fund
ISBN 13 : 1513525336
Total Pages : 31 pages
Book Rating : 4.5/5 (135 download)
Download or read book Political Costs of Tax-Based Consolidations written by Chuling Chen and published by International Monetary Fund. This book was released on 2019-12-27 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits and debt are costlier than tax consolidation policies for improving long-term growth prospects. Electoral costs are particularly high for broad-based indirect tax and corporate tax reforms. Voters tend to penalize governments less if tax consolidations are announced early in the government’s term or if the government has a strong political mandate. Favorable economic conditions increase public support for tax-based consolidations. Personal income tax reforms are electorally salient if the reforms are frontloaded, announced during recessions, and in less progressive tax systems.
Author : Alejandro Angel
Publisher : Springer Nature
ISBN 13 : 3030645223
Total Pages : 277 pages
Book Rating : 4.0/5 (36 download)
Download or read book Consolidating Economic Governance in Latin America written by Alejandro Angel and published by Springer Nature. This book was released on 2021-01-02 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how Latin American countries consolidate economic governance after serious disruptions to their formal and informal policy making routines. It asserts that the process of institutional change that started as a result of such disruptions resulted in complementary institutions, which supported a new consolidated pattern of economic governance. In addition, this work also offers a robust theoretical underpinning to economic governance, independent from performance. Performance figures prominently as a criterion to assess economic governance; however, crises are becoming more frequent and performance does not entirely depend on governments’ actions. This book argues that governance in the economic arena depends on the ability and feasibility of limiting the discretion of vested interests over economic policies insofar as these interests can shift the costs of their actions so the rest of the society bears them.
Author : Hiroshi Kimura
Publisher : Routledge
ISBN 13 : 1351303872
Total Pages : 201 pages
Book Rating : 4.3/5 (513 download)
Download or read book The Gorbachev Regime written by Hiroshi Kimura and published by Routledge. This book was released on 2017-09-29 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early days of Gorbachev's rise to power in the Soviet Union, an international group of U.S. and Japanese authorities probed the issues and forces that shaped a mammoth struggle within the Soviet Union. This book examines Gorbachev's reforms--the extent of their dramatic changes and the sobering evidence of their limits. The contributors' assessments range from wonder at the new atmosphere and expressive possibilities, to recognition of the reforms' reversibility, increasing difficulty, and the long road ahead. This is a fascinating contemporary review of factors that led to the demise of the Soviet Union only a few years later."Perestroika," the transformation of Soviet society and economic relations, epitomized Gorbachev's remedy for the ailing Soviet economy, which developed into a redefinition of Soviet socialism. Gorbachev emphasized that the success of reform depended not only on the technology and money, but also to succeed the reforms must overcome Stalin's legacy of bureaucratic centralism and enlist the creative energies of the Soviet people.This volume explains why the strength and nature of the reform coalition and anti-reform opposition, the limits and prospects of reform, and the compatibility of decentralizing reforms within the centralized one-party Soviet system and the implications of reforms for Soviet relations with the rest of the world.
Author : Georgina Waylen
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (96 download)
Download or read book Gender, Democratic Consolidation and Economic Reform written by Georgina Waylen and published by . This book was released on 1997 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Oecd
Publisher : Org. for Economic Cooperation & Development
ISBN 13 : 9789264244245
Total Pages : 217 pages
Book Rating : 4.2/5 (442 download)
Download or read book The State of Public Finances 2015 written by Oecd and published by Org. for Economic Cooperation & Development. This book was released on 2015-12-02 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The State of Public Finances 2015 provides a record of the strategies pursued by OECD countries to correct, consolidate and stabilise their public finances in the period to 2015, and in particular of how these strategies have evolved over the entire period of the economic and financial crisis from 2007-08 onwards. The report also provides an insight into the future plans for public finances over the coming years. Importantly, the report does not confine itself to the challenges of managing public finances, but encompasses a broad range of related policy themes including: the use of fiscal rules, the strategies adopted in various countries to sustain economic growth during fiscal consolidation, the developing role of independent fiscal institutions, how the role of parliaments and citizens in budgeting has been affected, and the degree to which fiscal consolidation has been accompanied by broader-based budgetary reforms.
Author : Dagney Gail Faulk
Publisher :
ISBN 13 : 9781604977486
Total Pages : 0 pages
Book Rating : 4.9/5 (774 download)
Download or read book Local Government Consolidation in the United States written by Dagney Gail Faulk and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses two issues related to the structure of local government: the determinants of consolidation and the potential impact of consolidation on local government spending. This is a narrow undertaking and leaves important elements of local government reform for future analysis. The study's primary foci are examining the factors that influence city-county consolidation, considering the impact of city-county consolidation on local government spending, and estimating the potential savings that could result from the scale economies and efficiency gains from consolidating local government units. While other regions of the United States are considered in this study, but the analysis focuses primarily on the Midwest where population declines and changes in the employment base and state policies (such as property tax caps in Indiana) have had dramatic effects on the fiscal viability of local governments. The current economic climate, along with policy changes related to property tax restructuring in many states, has led to substantial reductions in local governments' budgets. As a result, many local governments are in crisis and are considering some level of consolidation. Statistical methods and data on consolidation referendum attempts in the United States since 1970 are used to test whether governments that have consolidated (i.e., voters approved the consolidation referendum) had higher spending prior to their consolidation (as measured by local government employment rates, payrolls, and expenditures) compared to the average local government in the state. The effects of city-county consolidation are explored; using consolidation referendum data, the impact of consolidation on local government employment rates, payrolls, and expenditures is examined. The influence of consolidation on economic development is also investigated with some interesting results. The study also used two methods to estimate the savings from government consolidation and presents aggregate models to examine the potential savings from economies of scale and efficiency improvements. The book also helpfully provides a helpful discussion of the economies of scale and efficiency for several functional areas, including police and fire protection, sewerage, solid waste, public welfare, administration, health, education, and libraries. This book will be an essential resource for political scientists and policy makers interested in American government. Written in a highly accessible manner, it will also be a valuable read for students and general readers.
Author : Lorenzo Forni
Publisher : International Monetary Fund
ISBN 13 : 1498350348
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)
Download or read book Public Employment and Compensation Reform During Times of Fiscal Consolidation written by Lorenzo Forni and published by International Monetary Fund. This book was released on 2014-10-23 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure in a sustained way. In the aftermath of the Great Recession a number of countries have approved measures on the wage bill as part of fiscal consolidation efforts. These recent episodes are compared to past cases implemented in advanced economies over the period 1979–2009. Findings suggest that public wage bill consolidation episodes pre and post 2009 are similar in many respects. Moreover, typically countries that were able to achieve more sustained reductions in the wage bill have implemented to larger extent structural measures, and/or these measures were accompanied with substantial social dialogue and consensus.
Author : Ismaila Odogba
Publisher :
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.:/5 (651 download)
Download or read book Government Restructuring written by Ismaila Odogba and published by . This book was released on 2009 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, there has been renewed emphasis on the economic roles of regions and territorial space in the international market place. In the United States, new regionalists posit that structural approaches, in particular, city-county consolidation, will enable regions to be more competitive in the global economy, ameliorate certain development problems, and generate economic benefits. However, despite an extensive body of literature on the fiscal impacts of consolidation reform, the economic development literature remains sparse. The few studies on the impact of consolidation reform on economic development usually do not engage systematic empirical tests. In most studies, comparison counties are selected without any statistical justifications and consolidation is treated as the establishment of "one unified government" despite the continued existence of overlapping structures of government. Given some of the consequences of successful consolidation referenda, such as the redistribution of political influence, the economic development impacts of consolidated counties require empirical tests in other to inform the decision of municipal jurisdictions considering governmental consolidation as a policy for countywide economic growth. This dissertation address aspects of this deficiency by employing paired evaluations on a systematic basis to identify the economic development impacts of city-county consolidation in different industrial sectors. The study uses statistical methods--cluster and time series analysis--to assess how territorial and institutional restructuring affects the economic performance of three consolidated counties. Overall, the argument by political actors and reform advocates that the spatial realignment of territorial boundaries with political authority in order to establish an appropriate context for enhancing regional economic development is not substantiated by the results of the study.
Author : Andrei Vernikov
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.3/5 ( download)
Download or read book Reforming Process and Consolidation in the Soviet Economy written by Andrei Vernikov and published by . This book was released on 1989 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)
Download or read book Republic of the Philippines written by and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lynn D. Nelson
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (364 download)
Download or read book Regional Politics and Interest Groups in the Consolidation of Russian Economic Reforms written by Lynn D. Nelson and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic reform and the consolidation of democracy in Africa written by and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses one of the biggest threats to the consolidation of democratic regimes in Africa, the intense economic crisis, and the politically difficult policy reform programmes that must be implemented to overcome it. Argues that regime type does not explain the ability to pursue economic reform, and analyses factors likely to determine this ability. Uses Madagascar, Mali and Zambia as examples of democratic transitions, and sets out a research agenda.
