scholarly journals The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

2021 ◽  
Vol 14 (1) ◽  
pp. 139-152
Author(s):  
Oleksii Lyulyov ◽  
Serhiy Lyeonov ◽  
Inna Tiutiunyk ◽  
Joanna Podgórska
Keyword(s):  
Stability Assessment ◽  
Tax Gap ◽  
The Impact ◽  
Macroeconomic Stability

scholarly journals Analysis of the Impact of Macroeconomic Stability on the Level of Global Competitiveness of Western Balkan Countries

2021 ◽  
Vol 10 (2) ◽  
pp. 23-37
Author(s):  
Nikola Milović ◽  
Mijat Jocović ◽  
Nikola Martinović
Keyword(s):  
Strong Impact ◽  
Group Company ◽  
Global Competitiveness ◽  
Complex Concept ◽  
Balkan Countries ◽  
Research Findings ◽  
Global Competitiveness Index ◽  
National Economies ◽  
The Impact ◽  
Macroeconomic Stability

Abstract Competitiveness, as a complex concept, can be observed in different ways, from the perspective of an individual, group, company and/or state. The subject of this paper deals with competitiveness of national economies observed through factor analysis, with a particular focus on the level of macroeconomic stability. Through the application of the Analytical-Hierarchical Process (AHP) method, special attention has been paid to the comparative ranking of Western Balkan countries. The ranking has been made in relation to macroeconomic stability and the positions of countries in the ranking of the World Economic Forum, based on the Global Competitiveness Index, for three defined periods of time. The paper identifies key factors that affect the competitiveness of Western Balkan countries. Research findings show that macroeconomic stability has a strong impact on the level of global competitiveness of national economies.

scholarly journals Stability Assessment of Mining Excavations: the Impact of Large Depths

2018 ◽  
Vol 40 (3) ◽  
pp. 180-187
Author(s):  
Tadeusz Majcherczyk ◽  
Zbigniew Niedbalski ◽  
Łukasz Bednarek
Keyword(s):  
Rock Mass ◽  
In Situ Monitoring ◽  
Stability Assessment ◽  
Underground Excavations ◽  
Deformation Prediction ◽  
Large Depth ◽  
Coal Deposits ◽  
The Impact

AbstractBack in the early 1980s, coal deposits occurring at depths of ~700 m below surface were already regarded as large-depth deposits. Meanwhile, today the borderline depth of large-depth mining has extended to >1,000 m. Design, excavation and maintenance of mining roadways at the depth of >1,000 m have, therefore, become crucial issues in a practical perspective in recent years. Hence, it is now extremely important to intensify research studies on the influence of large depths on the behaviour of rock mass and deformation of support in underground excavations. The paper presents the results of the study carried out in five mining excavations at depths ranging from 950 to 1,290 m, where monitoring stations with measurement equipment were built. The analysis of data from laboratory and coal mine tests, as well as in situ monitoring, helped to formulate a set of criteria for stability assessment of underground excavations situated at large depths. The proposed methodology of load and deformation prediction in support systems of the excavations unaffected by exploitation is based on the criteria referring to the depth of excavation and the quality of rock mass. The depth parameter is determined by checking whether the analysed excavation lies below the critical depth, whereas the rock mass quality is determined on the basis of the roof lithology index (WL) and the crack intensity factor (n)

scholarly journals TAX GAP AS A TOOL FOR MEASURING VAT EVASION IN THE EU COUNTRIES

2020 ◽  
Vol 10 (2) ◽  
pp. 8-13
Author(s):  
ALENA ANDREJOVSKÁ ◽  
VERONIKA KONEČNÁ ◽  
JANA HAKALOVÁ
Keyword(s):  
Tax Evasion ◽  
Sharp Change ◽  
Member States ◽  
Eu Member States ◽  
Tax Revenues ◽  
Tax Gap ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship ◽  
The Eu

VAT is one of the most decisive tax revenues sources in the EU Member States. Due to financial frauds and insufficient tax system, there is a billion loss of EUR every year in the European budget. The article deals with the impact of the tax evasion on economies of the EU Member States. By applying the top-down approach, we observed tax gaps as a quantifier of tax evasion from 2004 to 2017. The period around the economic crisis in 2009 was examined in more detail, as there was a sharp change in the evolution of tax gaps. We constructed a regression model, which examined the relationship of the tax gap and VAT tax revenues to selected determinants of tax evasion. The results showed that tax gaps in the Member States have been growing every year. We also found that there is an increase in tax revenues, but tax liabilities increase to greater extent.

scholarly journals MACROECONOMIC STABILITY AND SOCIAL PROGRESS IN THE EU MEMBER STATES AND UKRAINE

2018 ◽  
Vol 4 (1) ◽  
pp. 53-64 ◽  
Author(s):  
Oleksii Lyulyov
Keyword(s):  
Human Capital ◽  
Social Factors ◽  
Least Squares Method ◽  
Social Progress ◽  
Integral Index ◽  
Eu Member States ◽  
Human Capital Index ◽  
The Impact ◽  
The Eu ◽  
Macroeconomic Stability

The main purpose of the study is the role and influence of social factors on macroeconomic stability. The research is based on the hypothesis that countries with greater macroeconomic stability achieve greater social progress. The integrated index of human capital is proposed as a target for the construction of an appropriate system for monitoring social progress, and in the future – identifying the impact on macroeconomic stability. The main stages of estimating the integral index of human capital are: identification of relevant indicators that will form each of the sub-indices; filtering the selected indicators in the previous stage based on the analysis of the correlation matrix of each of the subindices; normalization of indicators in each of the subindices, calculation of the integral index for each of the subindices, calculation of the final integral index of human capital. The calculations of the integrated capital human capital index for some of the EU countries (Latvia, Lithuania, Poland, Croatia, Romania) and Ukraine for the period 2000–2015 allowed us to conclude that Romania and Ukraine were on a marginal level of social progress, while Lithuania, Poland and Croatia in the range of moderate level. The use of the OLS (the least squares) method to determine the significance of changes in social progress to macroeconomic stability has revealed a positive and statistically significant impact of social progress on macroeconomic stability.

The Impact of Tax Gap on Future Tax Reforms

2007 ◽  
Vol 40 (2) ◽  
pp. 200-207 ◽  
Author(s):  
Neil Warren ◽  
Jacqui McManus
Keyword(s):  
Tax Reforms ◽  
Tax Gap ◽  
The Impact

Islamic Banking And Economic Growth: A Review

2012 ◽  
Vol 28 (5) ◽  
pp. 943 ◽  
Author(s):  
Ahmed El-Galfy ◽  
Khiyar Abdalla Khiyar
Keyword(s):  
Economic Growth ◽  
Main Channel ◽  
Islamic Banking ◽  
Paper Point ◽  
Mixed Support ◽  
The Impact ◽  
Macroeconomic Stability

Many previous studies have focused on the impact of finance on economic growth. However, few studies have examined the impact of Islamic banking on economic growth. To fill this gap in literature, this paper investigates the potential effects of Islamic banking on economic growth. The paper has two main results. The first result is that previous studies show mixed support for the hypothesis that Islamic banking is a main channel of economic growth. The second result is that previous studies on the impact of Islamic banking on growth are single-country studies and their findings are difficult to generalize. In addition, the results of this paper point to several implications for policy. One of its implications for policy is that Islamic banking positively contributes to countrys macroeconomic stability.

scholarly journals COVID-19 Pandemic Uncertainty Shock Impact on Macroeconomic Stability in Ethiopia

2020 ◽  
Vol 11 (2) ◽  
pp. 132
Author(s):  
Habtamu Girma DEMIESSIE
Keyword(s):  
Fiscal Policy ◽  
Aggregate Demand ◽  
Spillover Effects ◽  
Food Prices ◽  
Shock Effect ◽  
Food Transport ◽  
The Government ◽  
The Impact ◽  
Macroeconomic Stability

This study investigated the impact of COVID-19 pandemic uncertainty shock on the macroeconomic stability in Ethiopia in the short run period. The World Pandemic Uncertainty Index (WPUI) was used a proxy variable to measure COVID-19 Uncertainty shock effect. The pandemic effect on core macroeconomic variables like investment, employment, prices (both food & non-food prices), import, export and fiscal policy indicators was estimated and forecasted using Dynamic Stochastic General Equilibrium (DSGE) Model. The role of fiscal policy in mitigating the shock effect of coronavirus pandemic on macroeconomic stability is also investigated. The finding of the study reveals that the COVID-19 impact lasts at least three years to shake the economy of Ethiopia. Given that the Ethiopian economy heavily relies on import to supply the bulk of its consumption and investment goods, COVID-19 uncertainty effect starts as supply chain shock, whose effect transmitted into the domestic economy via international trade channel. The pandemic uncertainty shock effect is also expected to quickly transcend to destabilize the economy via aggregate demand, food & non-food prices, investment, employment and export shocks. The overall impact of COVID-19 pandemic uncertainty shock is interpreted into the economy by resulting under consumption at least in the next three years since 2020. Therefore, the government is expected to enact incentives/policy directions which can boost business confidence. A managed expansionary fiscal policy is found key to promote investment, employment and to stabilize food & non-food prices. A particular role of fiscal policy was identified to stabilizing food, transport and communication prices. The potency of fiscal policies in stabilizing food, transport and communication prices go in line with the prevailing reality in Ethiopia where government has strong hands to control those markets directly and/or indirectly. This suggests market failure featuring COVID-19 time, calling for managed interventions of governments to promote market stabilities. More importantly, price stabilization policies of the government can have spillover effects in boosting aggregate demand by spurring investments (and widening employment opportunities) in transport/logistics, hotel & restaurant, culture & tourism and export sectors in particular.

scholarly journals MONETARY POLICY CREATES MACROECONOMIC STABILITY

Ekonomika ◽  
2010 ◽  
Vol 89 (3) ◽  
pp. 55-68
Author(s):  
Birutė Visokavičienė
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Scientific Literature ◽  
Monetary Theory ◽  
Systematic Analysis ◽  
Macroeconomic Indicators ◽  
The Impact ◽  
Methodological Position ◽  
Policy Targets ◽  
Macroeconomic Stability

The study of monetary policy concentrates on the systematic analysis of the interaction between the major monetary policy targets and macroeconomic indicators as signals to policymakers about possible changes which may influence the macroeconomic stability. In this respect, the purpose of this article is to justify the arguments supporting the role and importance of monetary policy and its proximate targets for ensuring macroeconomic stability. The object of the study is the impact of monetary policy on macroeconomic changes.The method is analysis of monetary theory, scientific literature and documents. Such a methodological position enables justification of the influence of the key targets of the monetary policy on the global economic processes related to inflation, finance stability and economic growth.

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