Potency of Budgetary and Financial Policy Instruments in Uganda

1992 ◽  
pp. 149-171
Author(s):  
Christopher Green ◽  
Victor Murinde
Keyword(s):  
Policy Instruments ◽  
Financial Policy

scholarly journals Analysis of Foreign Experience in the Financial Regulation of the Arctic Territories Development and its Application in the Northern Regions of the Russian Federation

2021 ◽  
pp. 5-29
Author(s):  
Roman V. BADYLEVICH ◽  
Keyword(s):  
Financial Regulation ◽  
Policy Instruments ◽  
The Arctic ◽  
Financial Policy ◽  
Arctic Zone ◽  
Foreign Experience ◽  
Northern Regions ◽  
The Usa ◽  
The Russian Federation ◽  
Regional Financial Policy

The article examines foreign experience in implementing regional financial policy in relation to the Arctic territories. It assesses the experience of such sub-arctic countries as Canada, Finland, Denmark, Norway, Sweden, and the USA. The paper identifies two groups of financial instruments of territorial devel-opment: within the framework of general regional policy (instruments of fiscal capacity equalization, taxa-tion instruments, instruments to increase investment attractiveness) and within the framework of special policy for the development of Arctic territories (program-targeted instruments, special development funds, direct allocation of funds for current expenses and development). It is concluded that the Arctic countries apply different approaches and tools to the development of the regions located in the Arctic zone, the choice of which is determined by the type of state structure, the degree of financial independence of the regions in the sphere of financial regulation, the level of development of the northernmost subjects compared to the rest of the country. In the conditions of Russia, it is possible to use the best foreign experience in the sphere of financial regulation of development of the regions located in the Arctic zone. In particular, it is possible to use the experience of applying program-targeted development tools, the formation of special development funds, which are based on revenues from the use of natural resources of the Arctic, as well as the experience of creating favourable conditions to attract investors for the implementation of economically attractive projects.

scholarly journals Public Diplomacy in Power Clash of Civilizations

2015 ◽  
pp. 106-116
Author(s):  
A. I. Podberezkin ◽  
A. V. Zhukov
Keyword(s):  
Sharp Increase ◽  
Public Diplomacy ◽  
Policy Instruments ◽  
Qualitative Change ◽  
Financial Policy ◽  
Clash Of Civilizations ◽  
Policy Goals ◽  
The Media ◽  
Hybrid War

In the article, public diplomacy is seen as a set of actions committed by official and unofficial organs of the state, to achieve foreign policy goals through the dissemination of information (disinformation) or create the necessary impact on the ruling circles and the public in foreign countries. According to the authors, public diplomacy has become an integral part of network-centric hybrid war, in which the role of the information against the enemy becomes decisive. At the beginning of the XXI century media, including network, it has become the most important policy tools with which you can achieve the most important goals that were decided before the other (economic, military, financial) policy instruments. Such a sharp increase in the values of the media, as well as a qualitative change in their role in the policy of the XXI century is primarily the result of two processes, the further development of which will be an even greater extent to enhance the value and role of media in politics States - a sharp increase in the value of man, its capacity, firstly, and the technological revolution in the field of science, and second.

Optimal macroprudential regulation tools

2020 ◽  
Vol 26 (4) ◽  
pp. 774-795
Author(s):  
I.R. Ipatyev
Keyword(s):  
Monetary Policy ◽  
Financial Institutions ◽  
Policy Instruments ◽  
Financial Policy ◽  
Policy Options ◽  
Macroprudential Policy ◽  
Monetary Policies ◽  
Credit Cycles ◽  
Systemic Risks ◽  
Optimal Set

Subject. This article examines the hypothesis that microprudential and monetary policies are not able to provide measures to prevent excessive lending and guarantee the ability of financial institutions to cope with the growing credit bubble. Objectives. The article examines approaches to identifying viable macroprudential policy options and an optimal set of regulation instruments. Methods. For the study, I used a content analysis and generalization. Results. The article presents some results of the assessment of certain macroprudential requirement instruments. Conclusions. The study shows that some macroprudential policy tools can reduce systemic risks associated with credit cycles. Monetary policy alone is not able to effectively withstand the credit bubble risk. All financial policy instruments must be taken and considered together, as they work closely together.

scholarly journals Understanding Farmers’ Intentions to Adopt Organic Farming in Albania

New Medit ◽  
2021 ◽  
Vol 20 (5) ◽  
Author(s):  
Edvin ZHLLIMA ◽  
Edmira Shahu ◽  
Orjon Xhoxhi ◽  
Irena Gjika
Keyword(s):  
Organic Farming ◽  
Organic Agriculture ◽  
Policy Design ◽  
Policy Instruments ◽  
Primary Data ◽  
Financial Policy ◽  
Information Awareness ◽  
Farm Survey ◽  
Perceived Behavior Control ◽  
The Government

Organic agriculture in Europe is expanding, yet is still in the early stages in less developed areas of Europe. Understanding the factors of converting to organic agriculture is a key component for both policy design and attaining effective support for the organic sector from the government, donors, or the private sector. Therefore, the study attempts to explore the determinant factors of farmers’ intentions to engage in organic farming based on primary data collected through a farm survey in Albania. Results show that subjective norms, perceived behavior control, favorable attitudes toward organic farming conversion, as well as awareness of risk from conventional farming accompanied with information awareness are positively associated with the probability of converting to organic farming. Farmers’ perceptions of EU policy opportunities and attitudes towards environment protection are negatively associated with farmers’ tendency to convert. The study findings call for the use of financial and non-financial policy instruments for supporting conversion to organic farming and increased information on opportunities and costs expected from the integration into the EU single market.

scholarly journals Macroeconomic and Financial Policies for Climate Change Mitigation

2019 ◽  
Vol 19 (185) ◽  
Author(s):  
Signe Krogstrup ◽  
William Oman
Keyword(s):  
Climate Change ◽  
Large Scale ◽  
Policy Instruments ◽  
Policy Framework ◽  
Financial Policy ◽  
Policy Tools ◽  
Low Carbon ◽  
Financial Policies ◽  
Low Carbon Economy

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

ANALYSIS OF ECONOMIC SUPPORT MEASURES IN THE CONDITIONS OF THE COVID-19 PANDEMIC

2020 ◽  
Vol 1(13) ◽  
pp. 67-72
Author(s):  
Tetiana Chernychko ◽  
◽  
Maria Ihnatyshyn ◽  
Keyword(s):  
Economic Crisis ◽  
Financial Stability ◽  
Negative Impact ◽  
Policy Instruments ◽  
Economic Consequences ◽  
Economic Losses ◽  
Financial Policy ◽  
Economic Support ◽  
The World ◽  
Business Structures

The successful functioning of the country's economy is closely linked to the optimal provision of the budget. The effectiveness of the state's economic policy and its impact on economic and financial stability, living standards, etc. depend on this. This issue becomes especially relevant in certain crisis periods, such as 2020 and the COVID-19 pandemic. The aim of the article is to study the state and trends of COVID-19's impact on the economic situation in the world and to determine the social and economic losses that Ukraine suffers from the pandemic of this disease. The article substantiates that the reduction of the state's financial capabilities requires reformatting the state's financial policy instruments in favor of other, less expensive sources of incentives. It has been determined that the vast majority of countries in the world allocate tax incentives as an influential stimulus to economic development. The system of incentive measures to support business in such countries as Germany, Italy, USA has been analyzed. Peculiarities and direction of stimulating measures applied in Ukraine have been determined. It has been concluded that in the context of the "corona crisis" Ukraine has taken steps taken by all civilized countries of the world: it reduces the planned budget revenues and increases spending on countering the pandemic. However, the system of proposed incentives is not enough to support business structures. It has been substantiated that the vast majority of measures are not economic but social. The scientific novelty of the obtained results is to determine the need to use the tools of more active tax and budget policy aimed at thorough support of business structures, in order to reduce the negative impact of the global economic crisis. It has been determined that first of all the support of small business and the self-employed population of Ukraine, as the most vulnerable category of business structures of Ukraine, should be important. Further research will focus on the analysis of the economic consequences of quarantine, economic losses after overcoming coronavirus disease. Key words: economic crisis, coronavirus, COVID-19, budget expenditures, stimulating tax instruments.

scholarly journals Податкова політика України

2020 ◽  
pp. 13-18
Author(s):  
Гривківська О.В. ◽  
Крюкова І.О. ◽  
Поліщук Н.В.
Keyword(s):  
Tax Policy ◽  
Industrial Development ◽  
Policy Instruments ◽  
Financial Policy ◽  
State Budget ◽  
Cyclical Fluctuations ◽  
Composition And Structure ◽  
Social Environmental ◽  
Sphere Of Influence ◽  
Stimulation Of

The article outlines the current state of development of the Ukrainian economy, defines the nature and role of tax policy in its further development. The goals of tax policy in the aspect of the evolution of tax policy are outlined, ranging from representatives of the classical school of political economy, marginalists, Keynesians, neoclassics and at the present stage of its development. They identify the stimulation of industrial development, production and the optimal ratio between production and consumption, optimality of demand-supply ratio with increasing marginal utility, stimulation of economic activity through use of taxes as levers of market economy development, implementation of long-term strategy of stable financial policy for the future for change in shortterm episodic measures, and those that are important in the current conditions: improvement of the organization of tax collection, clarification of their composition and structure in the total amount of fees and payments, regulation of tax rates, optimization of the ratio between tax revenues from legal entities and individuals, ensuring the even distribution of the tax burden between taxpayers, filling the state budget through the expansion of the tax base, mitigation of cyclical fluctuations in the economy, ensuring sustainable development of economic and social priorities of society, budget financing government spending, improving fiscal efficiency of taxes. The classification of tax policy instruments according to the classification features is presented: 1) by purpose, that is, the direction of influence (incentive (incentive), compensatory (supportive), disincentive (restraining)), 2) by nature of the goals of socio-economic development (strategic , operational (tactical)) ); 3) by sphere of influence (economic, social, environmental); 4) by mechanism of influence (systemic, complex, elemental). The directions of development of tax policy of Ukraine are outlined.

Housing Consumption and Financial Policy Instruments in the Netherlands

2011 ◽  
Vol 26 (7-8) ◽  
pp. 975-995 ◽  
Author(s):  
Michiel Ras ◽  
Ingrid Ooms ◽  
Edwin van Gameren ◽  
Evelien Eggink
Keyword(s):  
The Netherlands ◽  
Policy Instruments ◽  
Financial Policy ◽  
Housing Consumption

China and Japan in Pursuit of Infrastructure Investment Leadership in Asia

2020 ◽  
Vol 26 (3) ◽  
pp. 449-472 ◽  
Author(s):  
Saori N. Katada ◽  
Jessica Liao
Keyword(s):  
Foreign Aid ◽  
Policy Diffusion ◽  
Policy Instruments ◽  
Financial Policy ◽  
Infrastructure Development ◽  
Financing Policy ◽  
Economic Statecraft ◽  
Regional Leadership ◽  
Belt And Road ◽  
China And Japan

Abstract Powerful states often use tools of economic statecraft, such as foreign aid and other financial policy instruments, in a bid to “purchase” influence as well as establish regional leadership among their neighbors. How and why do these states undertake similar economic statecraft strategies and policies? The article examines the evolution of infrastructure financing policy of China and Japan and identifies the ever changing and, yet at the same time, mirroring interaction between the two countries’ development finance practices. We argue that emulation and competition have led to the process of policy diffusion between these two countries. The competition between these two foreign aid leaders in East Asia especially after China’s Belt and Road Initiative has shaped the region’s infrastructure development dynamics as they strive to move the equilibrium outcome to their advantage. Such equilibrium through the policy diffusion process has important implications on global development governance.

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