scholarly journals Fiscal policy responses for sustainable post-COVID-19 recovery: Taiwan's experience

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yu-Ying Kuo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Fiscal Policy ◽  
Cost Benefit ◽  
Secondary Data ◽  
Economic Growth Rate ◽  
Content Type ◽  
Policy Responses ◽  
Development Goals ◽  
Audit Reports

PurposeThis study examined Taiwan's fiscal policy responses for sustainable post-COVID-19 recovery. The costs and benefits, aligned with Sustainable Development Goals (SDGs), of fiscal policy responses were identified and valued. Although it may be too early to conclude whether the benefits outweigh the costs, the performance and outcome of fiscal measures were evaluated.Design/methodology/approachThe study relied on secondary data, including governmental official data, legislative reviews, audit reports and public opinion polls to understand objective and subjective benefits and costs in economic, social and environmental dimensions. However, while the costs were measured in monetary terms, some of the benefits (i.e. satisfaction) could not be monetized; therefore, this study focused on identifying and valuing benefits from fiscal measures but set aside the issues of monetizing and discounting.FindingsWith respect to the costs, a special budget of NT$840 billion was approved, of which 66.83% was allocated for economic development, 33.12% for social welfare and 0.05% for environmental protection. In terms of the benefits, the economic growth rate was forecasted to be 5.88% in 2021 and 3.69% in 2022, while the average economic growth rate was 2.77% during the period from 2012 to 2019. Social equity was emphasized as various and customized bailout packages were provided to impacted individuals and industries. Moreover, most citizens were confident in the government's efforts to combat the pandemic and stimulate recovery in Taiwan.Originality/valueThis paper comprehensively details Taiwan's experience of fiscal policy responses for sustainable post-COVID-19 recovery. The cost-benefit approach was conceptually adopted. Bearing the value of “build back better” and “rebuild better,” the benefits of fiscal measures are promising, although there are indebted costs of the special budget.

PENGARUH PENDAPATAN PER KAPITA, ECONOMIC GROWTH RATE, ECONOMIC STRUCTURE, DAN TAX RATE TERHADAP TAX RATIO PADA NEGARA-NEGARA OECD DAN INDONESIA

2015 ◽  
Vol 11 (1) ◽  
pp. 45
Author(s):  
Danny Wibowo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Statistical Tests ◽  
Secondary Data ◽  
Economic Structure ◽  
Numerical Data ◽  
Sampling Technique ◽  
Economic Growth Rate ◽  
Tax Rate ◽  
Independent Variables

The purpose of this study to identify and obtain evidence about the influence perkpita income, economic growth rate, economic structure, and the tax rate of the tax ratio in the OECD countries and Indonesia. Type of research is the use of quantitative data, the research is based on the measurement results in the form of numerical data. Sources used in research is secondary data. Methods of data collection in this study is to collect data by the method of documentation. The sampling technique used in this study was purposive sampling, the sampling technique with specific considerations. Because of the limitations of the data of the whole country, then the sample is taken the countries belonging to the OECD, including Indonesia. Based on statistical tests were performed, the results obtained are in the classical assumption test it can be concluded that the regression model has qualified the assumptions of normality, free from the problem of multicollinearity, heteroscedasticity, auto correlation. The overall effect of independent variables on the dependent variable is affected by 49.8%. Based on partial test or t test, indicated that of the four independent variables only the economic structure that significantly affect the tax ratio. Keywords: income capita, economic growth rate, economic structure, tax rate, tax ratio

Antecedents of FDI options by Thai public firms

2016 ◽  
Vol 39 (3) ◽  
pp. 310-328
Author(s):  
Nattharika Rittippant ◽  
Abdul Rasheed
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Real Options ◽  
Empirical Evidence ◽  
Economic Freedom ◽  
Ownership Concentration ◽  
Economic Growth Rate ◽  
Content Type ◽  
The Real ◽  
Industry Competition

Purpose – This paper aims to develop and test a real-options model investigating the antecedents predicting the types of options exercise (i.e. growth, delay and exit options) by multinational enterprises (MNEs) after their initial foreign direct investment (FDI) announcements. Firm-, industry- and country-specific factors that influence the real options’ processes and different subsequent options to exercise were examined. Design/methodology/approach – Binomial and multinomial logistic regressions were performed on the data collected from 281 pairs of initial FDI (mostly within Asia) announcements and subsequent announcements regarding further investment decisions by 41 Thai MNEs listed in the Securities Exchange of Thailand for 1995-2005. Findings – The empirical evidence shows that host country factors (i.e. economic growth rate and economic freedom), industry competition and ownership concentration have significant effects on the MNEs’ further decisions on whether to grow, delay or exit out of their initial FDI. Originality/value – The findings of this study suggest that the options’ lens is an appropriate approach to study managerial decisions and actions in the face of uncertainty. While the majority of prior empirical literature has dealt with situations that involve option creation, this study goes a step further by examining decisions subsequent to option creation. Option creation is not an end in itself, and only by studying subsequent exercise of options, one can fully appreciate the value of the real options’ approach. The empirical evidence from this study showed that the host country’s factors (i.e. economic growth rate and economic freedom), industry competition and ownership concentration have significant effects on the MNEs’ further decisions on whether to grow, delay or exit out of their initial FDI.

Impact of foreign direct investment and international tourism on long-run economic growth of Estonia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amin Sokhanvar ◽  
Glenn P. Jenkins
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Growth Strategy ◽  
Policy Implications ◽  
International Tourism ◽  
Potential Threat ◽  
Fdi Inflows ◽  
Economic Growth Rate ◽  
Content Type ◽  
Long Run

PurposeInternational tourism and FDI inflows have generated detectable beneficial impacts on the economy of Estonia in the last decades. However, recently, poor international market conditions mostly caused by the trade war and COVID-19 pandemic have been a potential threat to these two factors. Besides, the poor performance of investments in recent years is behind the stagnation of productivity in Estonia. This study examines the dynamics of the effects of these factors on the rate of economic growth in Estonia and provides policy implications in line with sustained recovery.Design/methodology/approachA nonlinear ARDL technique is employed in this study to investigate the long-run effects of FDI and the degree of tourism specialization on economic growth rate.FindingsOur findings indicate that the economic growth rate of Estonia in the long run has been positively affected by both the rate of FDI inflows and international tourism.Originality/valueThis is the first study that employs a non-linear approach to investigate the dynamics of long-run effects of FDI and tourism specialization on the rate of economic growth in Estonia and provides policy implications in line with optimal growth strategy considering the economic structure, the current level of productivity and available potentials in this economy.

Migration in response to climate change and its impact in China

2017 ◽  
Vol 9 (03) ◽  
pp. 352-373 ◽  
Author(s):  
Yi Sun ◽  
Chengjin Xu ◽  
Hailing Zhang ◽  
Zheng Wang
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Growth Rate ◽  
Agricultural Production ◽  
Regional Disparity ◽  
Population Migration ◽  
Cge Model ◽  
Economic Growth Rate ◽  
Content Type ◽  
Production Index

Purpose Climate change will have a significant impact on China’s potential agricultural production and change the distribution of the population in various regions of China, thus producing population migration. This paper aims to analyze China’s population migration in response to climate change and its socio-economic impact. Design/methodology/approach In this paper, the Potential Agriculture Production Index is introduced as an analytical tool with which to estimate the scale of the population migration induced by climate change. Also, this paper constructs a multi-regional computable general equilibrium (CGE) model and analyzes the effect of change in the population distribution pattern on regional economies, regional disparity and resident welfare. Findings The key finding of this paper is that, as a result of changes in potential agricultural production induced by climate change, the Circum-Bohai-Sea region, the industrialized region and the industrializing region, which are the main destination regions of the migrating population, will face a severe labor shortage. In response to population migration, the economic growth rate of the immigrating population regions has accelerated. Correspondingly, the economic growth rate of the emigrating population regions has decreased. In addition, the larger the scale of population migration is, the larger the economic impact is. Migration increases inner-regional disparity and decreases inter-regional disparity. However, overall regional disparity is only somewhat decreased. Originality/value This paper introduces a Potential Agriculture Production Index to estimate the scale of the population migration and introduce a multi-regional CGE model to analyze the correlated social-economic impacts.

scholarly journals DAF Determinants Affecting Economic Growth – Evidence for Western Balkans Countries

2020 ◽  
Vol 9 (1) ◽  
pp. 36-46
Author(s):  
Esat Ali Durguti ◽  
Emine GASHI ◽  
Filloreta Demiri Kunoviku ◽  
Milaim Mehmeti
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Foreign Direct Investment ◽  
Panel Data ◽  
Direct Investment ◽  
Inflation Rate ◽  
Secondary Data ◽  
Gdp Growth ◽  
Western Balkans ◽  
Economic Growth Rate

The purpose of this paper is to find out if selected determinants have any effect on the economic growth rate using the strong balanced panel data for the Western Balkan countries for the period 2001-2017, and the data used are on an annual basis, which in total there are 102 observation periods. For the realization of the paper, secondary data and an advanced dynamic approach were used, such as pooled OLS methods, fixed and random effects model, to test economic growth rate as dependent variable, and explanatory variables such as working remittances to GDP, exports to GDP, imports to GDP, foreign direct investment to GDP and inflation rate.  From the generated outputs, it is true to say that working remittances to GDP, exports to GDP, and imports to GDP have an effect that influences economic growth, respectively GDP growth. Even though foreign direct investment to GDP and inflation rate does not have a significant effect on economic growth, respectively GDP growth.   Keywords: Economic growth; macroeconomic determinants; panel data. JEL code: O47, O11, C23  

scholarly journals Pengaruh pertumbuhan ekonomi terhadap kemiskinan Kabupaten Tanjung Jabung Timur

2020 ◽  
Vol 9 (1) ◽  
pp. 11-20
Author(s):  
Risang Dwi Anggoro ◽  
Syaparuddin Syaparuddin ◽  
Nurhayani Nurhayani
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Capital Expenditures ◽  
Poor People ◽  
Food Crops ◽  
Economic Growth Rate ◽  
Simple Regression

This study aims to determine the economic development of poverty in East Tanjung Jabung Regency. The data is used in this study is secondary data in the form of time series data and economic growth rate in East Tanjung Jabung Regency. The method of analysis is used in this study is a simple regression. The results of this study indicated that significant capital expenditures to the GDP of the food crops sub-sector and the revenue of regency/city in Jambi Province have no significant effect. Likewise, with strong changes in the number of poor people, the percentage of poor, poverty indices, and poverty severity indices have no significant effect. Keywords: Economic growth, Poverty

scholarly journals Economic Development in Afghanistan

2020 ◽  
Vol 5 (2) ◽  
pp. 25-32
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
World Bank ◽  
Secondary Data ◽  
Trade Deficit ◽  
Annual Reports ◽  
Economic Growth Rate ◽  
Real Gdp ◽  
Real Gdp Per Capita

This study examined the economic development in Afghanistan in 2002-2019. Secondary data were used, which were collected and retrieved from annual reports of various public, non-government’s organizations and World Bank. Using descriptive statistics analysis, it was found that the overall economic situations and performances of the country aren’t in accordance with the expectations, poverty and unemployment rates are constantly increasing. Afghanistan had huge trade deficit in the study period, on average imports raised by 88.33 percent from US $3251 million in 2002 to US $7407 million in 2018. Furthermore, economic growth declined from 8.8 percent in 2003 to 1.0 percent in 2018. Real GDP per capita was only US $ 520.9 in 2018. Reduction in international aids, withdrawal of international forces, worsening security situations, political instability, high corruption, severe droughts, higher population growth rate than economic growth rate, weak investors’ confidence and lack of smooth political transition are the main reasons that have had adverse effects on Afghanistan’s economic growth.

scholarly journals Analisis Efektivitas Kebijakan Moneter dan Kebijakan Fiskal terhadap Produk Domestik Bruto Indonesia

2018 ◽  
Vol 7 (2) ◽  
pp. 194-202
Author(s):  
Ridho Windi Atmojo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Fiscal Policy ◽  
Interest Rate ◽  
Empirical Data ◽  
Least Square ◽  
Two Stage ◽  
Economic Growth Rate ◽  
The Interest Rate

Dari data-data empiris tingkat pertumbuhan ekonomi Indonesia berdasarkan pada PDB  banyak mengalami penurunan. Untuk meningkatkan PDB Indonesia, maka dilakukan penelitian efektiv mana kebijakan moneter atau fiskal dalam mempengaruhi PDB Indonesia. Penelitian ini memakai model IS-LM dengan menggunakan metode Two-Stage Least Square (TSLS) untuk mengestimasi variabel yang ada dalam penelitian. Hasil penelitian menunjukan bahwa nilai PDB Indonesia dengan menggunakan IS-LM sebesar 2034769.68 miliar dan tingkat bunga berada di -8.78 persen. multiplier kebijakan fiskal sebesar 0.63 dan nilai multiplier moneter sebesar 1.72.  From the empirical data, Indonesia's economic growth rate based on GDP has decreased a lot. To increase Indonesia's GDP, an effecve research is conducted where the monetary or fiscal policy in influencing Indonesia's GDP. This research uses IS-LM model by using Two-Stage Least Square (TSLS) method to estimate the variables in the research. The results showed that the value of Indonesia's GDP using IS-LM amounted to 2034769.68 billion and the interest rate was at -8.78 percent. fiscal policy multiplier of 0.63 and a monetary multiplier value of 1.72.

scholarly journals Pengaruh Investasi, Laju Pertumbuhan Ekonomi, dan Upah Terhadap Penyerapan Tenaga Kerja

2018 ◽  
Vol 1 (3) ◽  
pp. 200-206
Author(s):  
Wildan Wildan
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Research Method ◽  
Secondary Data ◽  
Least Square ◽  
Absorption Function ◽  
Economic Growth Rate ◽  
Ordinary Least Square ◽  
Descriptive Research ◽  
Quantitative Descriptive

This study aims to Influence Investment, Economic Growth Rate, and Wages Against Absorption of Employment in Bogor Regency with the research method used in this study is a quantitative descriptive research method. The data used are secondary data which are analyzed by the quantitative method of multiple linear regression using the Ordinary Least Square (OLS) method. While the model used in this study is a model of the employment absorption function with 3 independent variables and 1 dependent variable. Based on the results of processed data using regression regarding the effect of investment, the rate of economic growth, and wages on labor absorption in Bogor Regency, it can be concluded that investment does not have a significant effect on employment in Bogor Regency. The economic growth rate has a positive and significant effect on employment in Bogor Regency. Wages have a positive and significant effect on employment in Bogor Regency. Simultaneously investment, economic growth rate, and wages show a significant influence on employment in Bogor Regency.   Penelitian ini bertujuan untuk Pengaruh Investasi, Laju Pertumbuhan Ekonomi, dan Upah Terhadap Penyerapan Tanaga Kerja di Kabupaten Bogor dengan metode penelitian yang dipakai dalam penelitian ini adalah metode penelitian deskriptif kuantitatif. Data yang digunakan adalah data sekunder yang dianalisis dengan metode kuantitatif regresi linear berganda dengan metode Ordinary Least Square (OLS). Sedangkan Model yang digunakan dalam penelitian ini adalah model fungsi penyerapan tenaga kerja dengan 3 variabel independen dan 1 variabel dependen. Berdasarkan hasil data yang telah diolah menggunakan regresi mengenai pengaruh investasi, laju pertumbuhan ekonomi, dan upah terhadap penyerapan tenaga kerja di Kabupaten Bogor, dapat ditarik kesimpulan bahwa investasi tidak berpengaruh signifikan terhadap penyerapan tenaga kerja di Kabupaten Bogor. Laju pertumbuhan ekonomi berpengaruh positif dan signifikan terhadap penyerapan tenaga kerja di Kabupaten Bogor. Upah berpengaruh positif dan signifikan terhadap penyerapan tenaga kerja di Kabupaten Bogor. Secara simultan investasi, laju pertumbuhan ekonomi, dan upah menunjukkan pengaruh yang signifikan terhadap penyerapan tenaga kerja di Kabupaten Bogor.

SEKTOR UNGGULAN DAN PERTUMBUHAN EKONOMI DALAM PENGEMBANGAN POTENSI EKONOMI DI KABUPATEN SRAGEN PROVINSI JAWA TENGAH

ProBank ◽  
2020 ◽  
Vol 4 (2) ◽  
pp. 221-229
Author(s):  
Yofhi Septian P ◽  
Tri Nurdyastuti
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Secondary Data ◽  
Average Growth ◽  
Economic Growth Rate ◽  
Service Companies ◽  
Central Java ◽  
Qualitative Descriptive ◽  
Transportation Routes ◽  
Crossing Point

Research Objectives To determine the Stregth, Weekness, Opportunuty, Threat Boyolali Regency in2010-2016. This study uses quantitative and qualitative descriptive data using secondary data from BPS Sragen Regency in 2010-2016. The research uses quantitative analysis calculations on regional potential, economic growth, and economic structure will then be analyzed qualitatively using SWOT, LQ, shift share analysis. From the results of the study above shows the largest results of the leading sectors of service companies amounted to 1.7 and 1.9 and the lowest water management amounted to 0.11 and 0.21. The LQ table results show that the location magnitude is dominated by large traders <the supply of drinks and communication information. 3. And the lowest in the financial sector is <transportation and mining of 0. Sragen regency is one of the districts in Central Java which has a very strategic location. Geographically, this regency is a crossing point for regional transportation routes between the cities of Semarang, Solo and Surabaya. The economic growth rate of Sragen Regency in 2016 was recorded at 5.72 percent. This growth rate was recorded as the fourth largest in Central Java Province and the highest among all regencies / cities in the ex-residency area of Surakarta. In addition, the rate of economic growth in Sragen Regency in the last few years has always been above the average growth rate of the Central and National Provinces of the Province.

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