The ‘Group-Benefit’ Method: A New Methodology for Distributional Analyses of Fiscal Policies in Developing Nations

Author(s):  
William H. H. Cranmer

Subject COVID-19 economic impact in developing countries. Significance The policy response to the pandemic in many developed countries has been twofold, locking down the whole population and announcing stimulus packages to minimise bankruptcies and protect jobs. Yet a combination of factors makes this policy approach unsustainable. Many of these countries have much larger informal sectors, where compliance will be lower, and more difficult to enforce, and stimulus measures will be costlier. Moreover, many of them face foreign exchange and fiscal constraints, making it more difficult to expand monetary and fiscal policies. Impacts The IMF and World Bank will gain influence but struggle to adopt a coherent stance; long term, they could struggle to replenish funds. Social policy in developed and developing nations, and within the developing world, will diverge markedly, as will economic outcomes. Developed countries are unlikely to respond positively to growing calls for debt relief, certainly on the scale required. Policy experimentation may rise in some areas, including in food production or in considering adopting aspects of a basic income policy. In the most positive scenario, global collaboration between developing countries -- led by China -- could intensify, boosting spending.


The Synergist ◽  
2008 ◽  
Vol 19 (1) ◽  
pp. 45
Author(s):  
Stephenie Overman

2018 ◽  
pp. 111-116 ◽  
Author(s):  
Gang AN ◽  
Hang WANG

To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.


2012 ◽  
Vol 2 (12) ◽  
pp. 176-177
Author(s):  
N. Sri Gokilavani N. Sri Gokilavani ◽  
◽  
Dr.D.Prabhakaran Dr.D.Prabhakaran ◽  
Dr. T. Kannadasan Dr. T. Kannadasan

Author(s):  
Thomas J. Sargent

This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which the author was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. This book engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary events. It focuses on periods of actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation, from the French Revolution and the aftermath of World War I to the economic policies of Margaret Thatcher and Ronald Reagan, the book finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated. This fully expanded edition includes the author's 2011 Nobel lecture, “United States Then, Europe Now.” It also features new articles on the macroeconomics of the French Revolution and government budget deficits.


Author(s):  
Teuta Balliu ◽  
Aida Gaçe Llozana

Countries of former Yugoslavia and Albania are considered as countries with many common problems as well as changes, which in this context are regarded as insignificant. On their way towards development, these countries are characterized by common problem, among which the most sensitive have been and still remain, unemployment, increasingly compressed public administration, unjustified optimism when planning the budget, mismanagement of public finances and poor fiscal discipline which mostly depends on being or not an election year. In these countries we notice the lack of harmony between economic and fiscal policies and the real needs of the economy. This is seen as other major common ofWest Balkan countries. This similiarity of problems narrows the possibility of competition associated to the foreign investment absorbing capacity. But, which is the moacroeconomic picture in the countries of West Balkan? What are their tax systems? How much are the foreign direct investments? Does the tax system serve as a promoter for these invvestments? This paper represents a comparative analysis of the fiscal systems in the countries of this region. The subject of this paper is the protection with arguments of the economic and fiscal policy which are built for the economic development of a country. This because we are given that there are two types of experiences related to tax system, one of which handles taxes as instruments for revenue collection and the other as a promoter factor for economic development.


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