Evaluating the Recessionary Impact on Election Administration Budgeting and Spending

2020 ◽  
Vol 48 (6) ◽  
pp. 709-713
Author(s):  
Zachary Mohr ◽  
JoEllen V. Pope ◽  
Mary Jo Shepherd ◽  
Martha Kropf ◽  
Ahmad Hill

Recent research indicates the need to understand the role financial resources play in election administration. A key question is, when considering “financial resources,” how much does economic hardship affect the differences between the budgeted amount and the actual amount spent?. The limited research that has examined this question comes from the United Kingdom; it shows that there are significant differences between the two measures and they vary systematically based upon fiscal environmental conditions. This research examines whether the fiscal environment influences election administration budgets, spending, and the resulting budget variance in local US jurisdictions. Using county election administration spending data from four states, this research indicates election administration budgets, spending, and variances are related to the fiscal environment. Not only does this work have implications for measurement of election cost, but this work is key to understanding the financial situation election administration faces given pandemic-related economic woes.

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  

In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Government of the United Kingdom, acting through Her Majesty's Treasury, agrees to lend to the Fund up to the equivalent of SDR 9.92 billion.


2019 ◽  
Vol 18 (3) ◽  
pp. 1196-1237 ◽  
Author(s):  
Felipe Carozzi

Abstract During the housing bust of 2008–2009, housing prices and transaction volumes fell across the United Kingdom. Although the drop in prices was similar across housing types, transaction volumes fell more for units at the lower end of the market. I document this fact and provide panel and instrumental variable estimates showing its link with tightening credit conditions in England and Wales during 2008. I then use an overlapping-generation framework to relate the change in the composition of sales with the reduction in loan-to-value ratios by British banks and to derive additional predictions. As down-payment requirements increase, young households with scarce financial resources are priced out by older owners who retain their previous houses as rental properties when trading up. Recent changes in aggregate housing tenure, disaggregated changes in renting, and sales in areas with different age compositions, are consistent with these predictions. The results presented here show how the composition of sales changes over the housing cycle and may inform ongoing policy discussions about reduced access to home-ownership by the young.


Author(s):  
Stephen Roper ◽  
Joanne Turner

How did the great financial crisis (GFC) of 2008–2010 impact on R&D and innovation in the United Kingdom and internationally? What can we learn about the likely innovation effects of the COVID-19 crisis on small and medium enterprises (SME) innovation? Numerous international studies suggest the strong procyclicality of R&D and innovation investments in firms: investment rises in recovery and falls sharply in times of crisis. This procyclicality is driven in firms by both internal financial resources or slack and varying market incentives for innovation. Cash constraints, in particular, may impact most strongly on R&D and innovation investments by smaller firms. In the United Kingdom, the proportion of innovating firms fell by around a third during the GFC and took around four to six years to recover. Recovery was also uneven – notably weaker in some sectors and regions. The COVID-19 crisis seems likely to leave many firms financially weaker, with the most significant impacts on the willingness or ability of SMEs to sustain R&D and innovation. Where firms are able to sustain these investments, however, the evidence from the GFC suggests that they will lead to better survival chances, stronger growth and higher profitability. Some additional financial support for innovation has been announced by the UK government. Whether this will be sufficient to sustain SME levels of innovative activity, however, remains to be seen.


2009 ◽  
pp. 1-6 ◽  
Author(s):  
Nishan Fernando ◽  
Gordon Prescott ◽  
Jennifer Cleland ◽  
Kathryn Greaves ◽  
Hamish McKenzie

1990 ◽  
Vol 35 (8) ◽  
pp. 800-801
Author(s):  
Michael F. Pogue-Geile

1992 ◽  
Vol 37 (10) ◽  
pp. 1076-1077
Author(s):  
Barbara A. Gutek

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