Search results for " Fiscal Policy"
showing 9 items of 19 documents
FISCAL STATE POLICY FOR SUSTAINABLE DEVELOPMENT
2011
One of the most important measures to be taken for the development of sustainable economy in Latvia is to implement an effective fiscal policy. It means a complex and well timed use of fiscal instruments to regulate economy. Evaluating the proposals of the government and the measures taken for the stabilization of economy we can make the conclusion that they have not always been effective and economically justified. Several rearrangements in the field of planning taxes and budget have been late. The aim of the article is on the basis of the theoretical viewpoints, to undertake a critical assessment of the fiscal measures taken by the government of Latvia and to make recommendations for the …
ANTI-CRISIS TAX MEASURES IMPLEMENTED IN ROMANIA DURING 2009-2011
2012
This paper is a centralization of fiscal measures decided by the Romanian Government. These measures were taken during 2009 - 2011 in order to counteract the negative effects of financial crisis. At the end of paper it can be found some possible future fiscal measures to be taken in our country, which were not included in Government vision.
Radikalizācijas ekonomiskās sekas
2019
Finanšu un ekonomiskā krīze, pēdējā laikā notikusī nekontrolētā migrācija un teroristu uzbrūkumi izraisa politisko radikalizāciju dažās valstīs. Šajā pētījumā tiek aplūkoti augošā populisma un radikalizācijas ekonomiskie iemesli un sekas, kā arī ārējie un iekšējie ierobežojumi, vērsti uz negatīvo ekonomisko seku mazināšanu. Lai ilustrētu un pamatotu konstatējumus, tiks analizēti trīs gadījumi: nesenās politiskās radikalizācijas iemesli un sekas Grieķijā, Itālijā un ASV. Īpaša uzmanība tiek pievērsta ekspansīvajai fiskālajai politikai un protekcionisma politikai. Mēs pieņemam, ka populismam un radikalizācijai ir negatīva ietekme uz tautsaimniecību, vienlaikus valdības īsteno ekspansīvo fiskā…
ISSUES ON FISCAL POLICY OBJECTIVES IN ROMANIA AFTER 2000
2010
Financial policy differs from one country to another depending on the country's economic potential, the level of economic development, natural resources, national or international conditions, methods of managing the national economy, the interests of political parties and other factors. But, we should not overlook the fact that economic and financial experience of countries can provide models to be applied in other countries. In terms of financial policy, budgetary policy and fiscal policy are the most important. This paper aims to compare the objectives of fiscal policy in Romania during the last three programs of government in the period 2001-2012 and, under the Romanian fiscal responsibi…
Tax Reforms and Labour-market Performance: An Evaluation for Spain using REMS
2009
This paper uses REMS, a Rational Expectations Model of the Spanish economy designed by Boscá et al (2007), to analyse the effects of lowering the overall tax wedge to the level prevailing in the US. Our results partially confirm previous findings in the literature: a reduction in the overall tax wedge of 19.5 points, in order to reach the US levels, has a positive effect in the long run, increasing total hours by about 7 per cent and GDP by about 8 percentage points. In terms of GDP per adult, these results account for 1/4 of the gap with respect to the US, but imply a reduction of only one percentage point in the labour productivity gap. The rise in total hours per adult is explained by a …
THE LONG-RUN DETERMINANTS OF INVESTMENT: A DYNAMIC APPROACH FOR THE FUTURE ECONOMIC POLICIES
2010
Investment is the sum of the purchases on newly produced capital, changes in business inventories referred to as inventory investment, and the purchases of new residential housing. The work covered by this study aims to identify the model that presents, in the best possible way, the method of investment’s calculation and to determine the factors of influence. In the first part, the investment is analyzed as a linear function dependent on the interest rate; and the second part implies a new model for determining long-term investments, but also an identification of the measures that would lead to increased investments.
The impact of budget deficit on the economic development of Romania
2012
This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth of Romania. According to the best statistically significant model from the three different model tested, we reached the result that one percent rise of budget deficit gives a 1.36 percent fall in real GDP. This result sustains the neoclassical hypothesis and is against the Keynesist hypothesis or the Ricardian equivalence.
The perception of young people regarding the Romanian taxation
2015
According to the principles of taxation, taxes should contribute to the development of the personality of each individual, to the overall development of the economy. In this framework, the elaboration and development of fiscal policy decisions must take into account the financial, economic and social implications, so that, taxation should be seen as a stimulating factor. Through this article, based on a selective research, we analysed how the younger generation perceives Romanian taxation, considering the level of fiscal education and confidence in fiscal institutions.
Procyclical, Countercyclical and Acyclical Fiscal Policies
2020
This study is limited to aspects related to the nature of the applied fiscal policy. An analysis with theoretical elements contributes to the understanding of the characteristics of procyclical, countercyclical and acyclic fiscal policies. Moreover, a description of them based on the fiscal instruments used (government revenues and expenditures) facilitates the capture of the main features and implications on the economies of emerging countries compared to developed countries. The study also includes an analysis of the manifestation of gross domestic product before and after the economic crisis of 2008. The data used are quarterly, seasonally adjusted and deflated by GDP deflator to be expr…