Financing Infrastructure Investment Through Spillover Tax Revenue Sharing: Evidence from Some Asian Countries

2020 ◽  
pp. 217-238
Author(s):  
Naoyuki Yoshino ◽  
Monzur Hossain ◽  
N. Hendriyetty ◽  
Solani Lakhia
Keyword(s):  
Revenue Sharing ◽  
Infrastructure Investment ◽  
Tax Revenue ◽  
Asian Countries ◽  
Financing Infrastructure

scholarly journals Toward an innovative approach of financing infrastructure in Asia

2018 ◽  
Vol 2 (1) ◽  
pp. 87
Author(s):  
Aladdin D. Rillo ◽  
Zulfiqar Ali
Keyword(s):  
Spillover Effects ◽  
Infrastructure Investment ◽  
Infrastructure Development ◽  
Asian Countries ◽  
Fiscal Constraints ◽  
Balanced Approach ◽  
Public Resources ◽  
Private And Public ◽  
Infrastructure Investments ◽  
Financing Infrastructure

Infrastructure development is critical for sustaining Asia’s economic growth. Unfortunately, huge financing gaps—estimated by a recent Asian Development Bank study to be USD22.5 trillion—constrain the ability of most emerging Asian countries to fully realize the benefits of infrastructure development. For instance, over 70% of infrastructure investments in Asia are still funded by public resources, which pose acute financing challenges for many countries with limited budgets and fiscal constraints. This paper discusses some of the challenges associated with public financing of infrastructure projects in emerging Asian countries, before introducing some new options for alleviating their infrastructure investment needs. In particular, it proposes a new approach to infrastructure financing by utilizing the spillover effects of infrastructure investment, where additional revenues generated from such investment can be channeled back to investors as subsidy to increase the returns to their investment. The paper also argues the need for Asian countries to implement fiscal reforms and to develop a more balanced approach to financing, one that involves both the private and public sector. 

scholarly journals FISCAL INSTITUTIONS AND THE SIZE AND INTER-REGIONAL DISTRIBUTION OF PUBLIC REDISTRIBUTION

2018 ◽  
Vol 37 (1) ◽  
Author(s):  
Raul A Ponce-Rodriguez ◽  
Juan Medina-Guirado
Keyword(s):  
Fiscal Decentralization ◽  
Regional Distribution ◽  
Revenue Sharing ◽  
Tax Revenue ◽  
Fiscal Institutions ◽  
National Budget ◽  
Public Transfers ◽  
The Government ◽  
The Impact ◽  
Redistribute Income

Abstract Fiscal institutions, which are responsible for the delegation of tax and spending powers among different tiers of governments, are important determinants of the size and efficiency of public redistribution. In this paper we develop a comparative analysis of the impact of fiscal decentralization vis-à-vis tax revenue sharing on the government’s effort to redistribute income. The main findings are: first, the size of the national budget for public redistribution is the same under fiscal decentralization and tax revenue sharing. Second, different fiscal institutions lead to different regional distributions of public transfers. Third, when choosing between decentralization and tax revenue sharing, there is a tradeoff between the efficiency and the regional effort of the government to redistribute income. Resumen Las instituciones fiscales, que determinan la responsabilidad del diseño de impuestos y gasto entre los diferentes niveles de gobierno, son importantes determinantes del tamaño y eficiencia de la redistribución pública. En este artículo, se desarrolla un análisis comparativo del impacto en el esfuerzo del gobierno en redistribuir el ingreso, entre la descentralización fiscal en y una política de compartir el ingreso fiscal. Los principales resultados son: primero, el tamaño del presupuesto en redistribución es el mismo para una economía con descentralización o en la que se comparte el ingreso fiscal. Segundo, las instituciones fiscales implican una asignación diferente en la distribución regional de transferencias públicas. Tercero, al escoger entre descentralización y el compartir el ingreso fiscal, existe un intercambio entre la eficiencia y la distribución regional de las transferencias públicas.

scholarly journals Implementation Of Village Funds In Implementation Of Development As An Effort To Improve Community Welfare In Kadiwono Village, Bulu District, Rembang Regency

2020 ◽  
Vol 3 (1) ◽  
pp. 215
Author(s):  
Ahmad Ridwan ◽  
Widayati Widayati
Keyword(s):  
Community Development ◽  
Secondary Data ◽  
Revenue Sharing ◽  
Problem Formulation ◽  
Financial Assistance ◽  
Public Welfare ◽  
Tax Revenue ◽  
Literature Study ◽  
Fund Allocation ◽  
Special Rules

One of the most important things in Act No. 6 of 2014 on Villages is the existence of special rules contained therein which contain regarding village funds. Research will answer the problem formulation that is how the implementation of village funds in the form of implementation of development in the Kadiwono Village, Bulu District, Rembang Regency. The method of approach in this research uses the sociological juridical method with the research specifications descriptively analysis. The data used for this study are primary and secondary data taken from field observation, interviews, and literature study methods. Based on the research concluded in 2019, Kadiwono Village, Bulu District, Rembang Regency obtained Village Revenues totaling Rp 1,500,432,113 consisting of village funds, tax revenue-sharing, retribution sharing, village fund allocation, provincial financial assistance, district financial assistance, and the remaining 2018 budget (SILPA). In village expenditure, Kadiwono Village divides 4 areas in village expenditure through the allocation of village funds, namely (1) the field of village governance, (2) development, (3) community development, (4) and community empowerment.Keywords: Village Funds; Development; Public Welfare.

Redistribution of Regional Incomes within the Framework of the System of Interbudgetary Relations in Russia

2003 ◽  
pp. 77-93 ◽  
Author(s):  
P. Kadochnikov ◽  
S. Sinelnikov-Murylev ◽  
I. Trunin ◽  
S. Chetverikov
Keyword(s):  
Resource Allocation ◽  
Income Distribution ◽  
Revenue Sharing ◽  
Tax Revenue ◽  
Present System ◽  
Intergovernmental Transfers ◽  
Regional Income ◽  
Actual Impact ◽  
Regional Budgets ◽  
Different Levels

The authors analyze the equalization properties of the present system of resource allocation among budgets of different levels in Russia (allocation of tax revenue and intergovernmental transfers). They consider the actual impact of the following federal fiscal instruments on the regional income distribution: the system of intergovernmental transfers, the system of federal tax revenue sharing between federal and regional budgets and the federal net tax on the region.

scholarly journals Optimal Formulas for Subnational Tax Revenue Sharing

2016 ◽  
Vol 06 (04) ◽  
pp. 808-818 ◽  
Author(s):  
Raul Alberto Ponce Rodriguez ◽  
Ikuho Kochi
Keyword(s):  
Revenue Sharing ◽  
Tax Revenue

scholarly journals Estimating Optimal Level of Taxation for Growth Maximization in Asia

2017 ◽  
Vol 4 (3) ◽  
pp. 47 ◽  
Author(s):  
Jeeban Amgain
Keyword(s):  
Growth Rate ◽  
Panel Data ◽  
Optimal Level ◽  
Quadratic Model ◽  
Tax Revenue ◽  
Optimal Size ◽  
Asian Countries ◽  
Growth Maximization ◽  
Quadratic Models ◽  
Unbalanced Panel Data

What level of tax revenue in GDP is suitable for a country to maximize the growth rate in Asia? To address this question, this paper estimates the optimal size of taxes which maximizes growth rate, using Scully and quadratic models, from the unbalanced panel data of 32 Asian countries. Both methods approve that tax revenue around 18 percent of GDP maximizes the growth rate. However, quadratic model provides more consistent result than the Scully model. Most importantly, the findings clearly show the existence of inverse U-shaped relationship between taxes and growth.

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