scholarly journals Tax Impact on Household Income

2016 ◽  
Vol 29 (1) ◽  
pp. 76-81
Author(s):  
Mariyana Pavlova
Keyword(s):  
National Economy ◽  
Household Income ◽  
Economic Indicator ◽  
Disposable Income ◽  
Tax Reforms ◽  
The Republic ◽  
Tax Payments ◽  
The Impact ◽  
Monetary Income ◽  
The Eu

Abstract The household income is an important economic indicator because it determines the scale of the household sector consumption and its delay in future in terms of saving and investing. Many factors influence the magnitude of household income and one of these factors is taxation. Given the significance of tax payments not only for household income, and through them – for the national economy, the object of the current study is the household income and in particular the impact of the taxation framework on the formation of disposable income. The aim of the study is to examine the changes in the monetary income of households in the Republic of Bulgaria as a function of the implemented tax reforms in the period following the country’s accession to the EU.

scholarly journals The impact of COVID-19 on households´ income in the EU

2021 ◽  
Author(s):  
Vanda Almeida ◽  
Salvador Barrios ◽  
Michael Christl ◽  
Silvia De Poli ◽  
Alberto Tumino ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Disposable Income ◽  
Income Loss ◽  
Eu Member States ◽  
Policy Interventions ◽  
Discretionary Fiscal Policy ◽  
Policy Measures ◽  
The One ◽  
The Impact ◽  
The Eu

AbstractThis analysis makes use of economic forecasts for 2020 issued by the European Commission in Autumn 2019 and Spring 2020, and of a counterfactual under a no-policy change assumption, to analyse the impact of the COVID-19 crisis on EU households´ income. Additionally, our analysis assesses the cushioning effect of discretionary fiscal policy measures taken by the EU Member States. We find that the COVID-19 pandemic is likely to affect significantly households’ disposable income in the EU, with lower income households being more severely hit. However, our results show that due to policy intervention, the impact of the crisis is expected to be similar to the one experienced during the 2008–2009 financial crisis. In detail, our results indicate that discretionary fiscal policy measures will play a significant cushioning role, reducing the size of the income loss (from −9.3% to −4.3% for the average equivalised disposable income), its regressivity and mitigating the poverty impact of the pandemic. We conclude that policy interventions are therefore instrumental in cushioning against the impact of the crisis on inequality and poverty.

scholarly journals Assessment of the Impact of EU Sanctions on Budget Revenues of Russia in the Context of New Industrialization in Terms of National Dimension

2021 ◽  
Vol 93 ◽  
pp. 02003
Author(s):  
Andrey Anisimov ◽  
Oksana Kolotkina ◽  
Inara Yagofarova
Keyword(s):  
Russian Federation ◽  
Factor Model ◽  
Eu Countries ◽  
Tax Revenues ◽  
Russian State ◽  
The Russian Federation ◽  
Tax Payments ◽  
The Impact ◽  
New Industrialization ◽  
The Eu

The article examines topical issues that assess the impact of EU sanctions on the volume of tax revenues of the consolidated budget of Russia. The main purpose of this study is an attempt to develop a factor model that allows assessing the sanctions impact on the specified tax revenues, describing and analyzing the factors that directly or indirectly affect the formation of the consolidated budget revenues of the Russian Federation, identifying the corresponding relationships during the period of new industrialization. A separate stage of the presented study is associated with the development of the above model, which evaluates the sanctions effect on the composition of tax revenues of the consolidated budget of the Russian Federation and verification of the adequacy of this model. The authors' own research made it possible to develop a conceptual factor model that assesses the impact of the sanctions effect of the EU countries on the composition and volume of tax revenues of the consolidated budget of the Russian Federation, the use of which makes it possible to analyze the proceeds from the tax payments that have come under the influence of the sanctions. The model presented by the authors makes it possible to fundamentally assess the real impact of the applied sanctions on tax revenues of the consolidated budget of the Russian Federation, to develop appropriate directions in the development of the country during the period of the new industrialization of the Russian state.

scholarly journals Business cycle synchronization of a small open EU-candidate country’s economy with the EU economy

2018 ◽  
Vol 65 (5) ◽  
pp. 609-631 ◽  
Author(s):  
Vladimir Filipovski ◽  
Predrag Trpeski ◽  
Jane Bogoev
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Candidate Country ◽  
Economic Policies ◽  
Large Magnitude ◽  
Euro Zone ◽  
The Republic ◽  
High Degree ◽  
The Impact ◽  
The Eu

The objectives of this paper are to empirically identify business cycles in a small open EU-candidate country such as the Republic of Macedonia and to assess the degree of synchronization of the country?s business cycle with the cycle of the EU economy. Towards the first objective, we apply linear and non-linear methods for delineating the production gap cycle in the Macedonian economy. As for the second objective, we apply autoregressive methods to assess the size and speed of cyclical adjustment of the Macedonian economy to output shocks to the Euro-zone economy. The results of our analysis suggest a high degree of synchronization of the Macedonian business cycles with the cycles of the EU economy. Also, the shocks in economic activity in the Euro-zone economy are transmitted almost instantaneously, and with a large magnitude, to the Macedonian economy. Finally, the impact of the Euro-zone output contraction is less pronounced than the impact of the Euro-zone output expansion, suggesting an impact of the country?s autonomous countercyclical economic policies.

scholarly journals How Does the Supplemental Nutrition Assistance Program Affect the U.S. Economy?

2015 ◽  
Vol 44 (3) ◽  
pp. 233-252 ◽  
Author(s):  
Jeffrey J. Reimer ◽  
Senal Weerasooriya ◽  
Tyler T. West
Keyword(s):  
General Equilibrium ◽  
National Economy ◽  
Equilibrium Model ◽  
Supplemental Nutrition Assistance Program ◽  
Disposable Income ◽  
Supplemental Nutrition ◽  
Assistance Program ◽  
Nutrition Assistance ◽  
The Impact ◽  
The U.S

The impact of the Supplemental Nutrition Assistance Program (SNAP) on the national economy is examined using a general equilibrium model and comparing measures of the economy from 2010 to a simulation of that economy without SNAP. Without the SNAP program, the overall size of the economy hardly differs—demand for labor increases slightly. However, households that would be eligible for SNAP experience a net loss. They have 5.5 percent less disposable income while ineligible households have approximately 1 percent more income without SNAP, and output of products eligible for purchase with SNAP funds declines approximately one billion dollars.

scholarly journals  Macedonian livestock, dairy and grain sectors and the EU accession impact

2013 ◽  
Vol 59 (No. 3) ◽  
pp. 125-133
Author(s):  
A. Kotevska ◽  
D. Dimitrievski ◽  
E. Erjavec
Keyword(s):  
Model Simulation ◽  
Positive Development ◽  
Complex Nature ◽  
Baseline Scenario ◽  
The European Union ◽  
Eu Accession ◽  
The Republic ◽  
Almost All ◽  
The Impact ◽  
The Eu

The Republic of Macedonia is in the process of integrating into the European Union (EU) and adjusting its policies through reforms in policy, regulations and institutions. This paper attempts to provide an answer to the question: what would be the impact on the Macedonian livestock, dairy and grain sectors of Macedonia integrating into the EU. In order to forecast the impact of the EU accession, the research uses the partial equilibrium model as a comprehensive tool for modelling the complex nature of the agricultural markets. The model simulation foresees the changes of the modelled sub-sectors in production, net-trade and income. The baseline scenario predicts a positive development for almost all selected commodities, with the exception of the beef sector, which is highly uncompetitive prior to the accession. Three EU accession scenarios foresee positive developments in the beef, lamb and cow’s milk markets, while a negative development is expected in the pig meat and grains markets.  

scholarly journals An Analysis of the Impact of Tax Reforms on Business Confidence: Empirical Evidence from the EU Member States

2018 ◽  
Vol Special issue (2018) ◽  
pp. 92-110
Author(s):  
Georgeta VINTILĂ ◽  
◽  
Mihaela ONOFREI ◽  
Ioana-Laura ŢIBULCĂ ◽  
◽  
...  
Keyword(s):  
Empirical Evidence ◽  
Tax Reforms ◽  
Member States ◽  
Eu Member States ◽  
Business Confidence ◽  
The Impact ◽  
The Eu

scholarly journals COUNTRY IMAGE AND FOREIGN INVESTMENT: IMPORTANT ASPECTS OF INTERDEPENDENCE

2020 ◽  
pp. 122-134
Author(s):  
Beruniy ALIMOV
Keyword(s):  
Mass Media ◽  
Foreign Investment ◽  
National Economy ◽  
Media Coverage ◽  
Investment Climate ◽  
Global Media ◽  
The World ◽  
The Republic ◽  
The Impact ◽  
Modern Technologies

This article analyzes the impact of the country's media image on foreign investment flows. Researches show, that the development of any country tensely depends on its reputation in information space. Media coverage of economic reforms and important political changes is the main reason why investors in other states show interest in the country. As a result, it is possible to achieve a multiple increase in the inflow of foreign investments. The investment of foreign investors in the national economy depends not only on the rating of enterprises or on the results of economic activity, but also on the geopolitical location of the country and its domestic and foreign policy. Investors choose the most stable countries to invest capital. That is why all countries around the world are trying to do as much as possible to minimize investment risks. Like all countries in the world, Uzbekistan is making a lot of efforts to improve the attractiveness of the investment climate in the national economy. In particular, in recent years, a special attention has been paid to the investment policy of the Republic. At the same time, mass media in Uzbekistan are trying to spread the information about the great achievements of the country to the world. In this process, modern technologies of national mass media, in particular the Internet and satellite capabilities are being used. However, it would be desirable to increase the effectiveness of the existing information capacity, strengthen mechanisms for enhancing the country's image in the global media space.

scholarly journals Construction Waste Production in Macroeconomic Context

2021 ◽  
Vol 1203 (2) ◽  
pp. 022080
Author(s):  
Martin Marek ◽  
Jana Korytárová
Keyword(s):  
National Economy ◽  
Point Of View ◽  
Construction And Demolition Waste ◽  
Total Production ◽  
The European Union ◽  
Demolition Waste ◽  
Construction Waste ◽  
Waste Production ◽  
The Impact ◽  
The Eu

Abstract This article aims at presenting the economic impacts of implementing the basic principles of construction demolition waste management in terms of saving construction costs. Emphasis is placed on fulfilling the 3R principle, i.e. reducing waste, reusing it, and recycling resources and products. Construction and demolition waste represents the largest mass waste flow in the EU, e.g. in 2018, it represented 36% of the total waste production in the whole EU- 27. The European Union is gradually introducing measures to reduce the production of construction waste compared to the Czech Republic, where the share of construction demolition waste on the total production was up to 42% in 2018. This value exceeds the EU-27 average. The article analyses available statistical data from the national CZSO and the European statistical office EUROSTAT on the waste production classified according to EWC-STAT, which is a classification of waste according to Directive No. 2150/2002. Items monitoring the waste produced by the construction industry are listed on the 41st to 43rd place of the EWC-STAT list of all monitored waste. The data obtained allows comparing three branches of construction production, the 41st Building construction, 42nd Civil engineering, and 43rd Specialized construction activities. Another possibility to obtain data is to use a division according to the waste producer economic activity (CZ NACE). The data obtained in this way is compared with the performance indicators of the national economy. By comparing the size of the construction demolition waste production with the performance of the national economy (especially the GDP indicator), the degree of their interdependence was determined. The aim of the analysis is to assess the relation between the country’s economic performance and the production of construction and demolition waste. The next step was to perform an analysis from the point of view of the 3R principle in order to examine the impact of measures to reduce the construction demolition waste production in connection with the already initiated processes of its possible recycling or reuse.

scholarly journals THE IMPACT OF THE NEW GLOBAL REALITY ON THE EUROPEAN INTEGRATION PROCESS: THE CASE OF THE REPUBLIC OF SERBIA

2021 ◽  
Vol 13 (3) ◽  
Author(s):  
Ana Krstic ◽  
Predrag Mimovic
Keyword(s):  
European Union ◽  
Interdisciplinary Approach ◽  
The European Union ◽  
Key Factors ◽  
Number Of Factors ◽  
Network Process ◽  
Research Goal ◽  
The Republic ◽  
The Impact ◽  
The Eu

The acquisition of full membership for the Republic of Serbia in the European Union depends on a large number of factors. The combined and synergistic effect of these factors has made the process of Serbia's accession to the European Union extremely uncertain in terms of date and final outcome. The new reality, including the COVID-19 pandemic, U.S. isolationist policies during President Trump's tenure, the strengthening of China and Russia, and Britain's exit from the EU, has made this process even more uncertain. In this context, it is crucial to identify and prioritize key factors that affect or could affect the process of Serbia's accession to the European Union, in order to evaluate the possible outcomes of this process. To solve problems of this level of complexity and uncertainty, it is necessary to apply an interdisciplinary approach of the appropriate level of complexity. Therefore, this paper is an extension of previous research (Krstic et al, 2018; Mimovic et al, 2019) based on the defined research goal, but incorporates a complex, network model called theAnalytical Network Process, which included new circumstances that determine what is colloquially called the new reality. All calculations in the paper were performed using the software package SuperDecisions as computer support for the Analytical Network Process.

scholarly journals CHARACTERISTICS OF INCIDENCE RATE OF COVID-19, ACUTE RESPIRATORY DISEASES, INFLUENZA AND COMMUNITY ACQUIRED PNEUMONIA IN RUSSIA ACCORDING TO CLIMATE, GEOGRAFICAL ASPECTS AND POPULATION DENSITY

2020 ◽  
Author(s):  
Natalia Pshenichnaya ◽  
Irina Lizinfeld ◽  
Grigory Zhuravlev
Keyword(s):  
Air Pollution ◽  
Population Density ◽  
Incidence Rate ◽  
Respiratory Infections ◽  
Social Activity ◽  
Community Acquired Pneumonia ◽  
The Republic ◽  
Kaliningrad Region ◽  
The Impact ◽  
The Eu

Background: Understanding the impact of geographical aspects and population density on the incidence rate (IR) of respiratory infections in Russia is necessary for successful control under the epidemic. Aim: to estimate the increase in IR of respiratory infections in 2020 compared to the same period of 2016-2019 Materials and methods: a retrospective study of IR of COVID-19, ARI, influenza and community acquired pneumonia (CAP) in summarily (respiratory infections and COVID-19 morbidity) in the first half of 2020 in comparison with morbidity of ARI, influenza and CAP (respiratory infections morbidity) the same period of 2016-2019 in 85 regions was performed. Additionally the influence of climate on COVID-19 morbidity were estimated. Results: The highest excess of respiratory infections and COVID-19 morbidity in 2020 versus the average respiratory infections morbidity in 2016-2019 was observed in Buryatia-107.61%; Zabaykalsky Krai -134.09%; Tuva – 166.34%; the Kaliningrad region – 1023.41%; the Republic of Altai – 1212.78%; Dagestan – 2030.27%. Buryatia, Tuva, Altai and Zabaykalsky Krai are located next to the China, and also border each other. The Kaliningrad region borders on the EU countries. Dagestan has a maritime border with 3 states, including Iran, where the epidemic COVID-19 began earlier. In 43 of the 85 regions of Russia, this excess was 10-50%; in 35 subjects varied from 50% to 100%. The correlation between the incidence of COVID-19 and the population density in the regions was weak (r=0.26). The air pollution, has also a weak relationship (r=0.26) to the incidence rate. Moderate relationship was observed between the severity of negative temperatures in winter and the level of morbidity(r=-0.51). Milder climate probably contributed to the longer persistence of the virus in the environment and social activity. Conclusion: Russian regions bordering the PRC, the EU, Central Asia and the Middle East demonstrated the highest IR of influenza, ARI, CAP and COVID-19in summarility in the first part of this year versus the morbidity of influenza, ARI, CAP in average in first half of 2016-2019. IR of COVID-19 has weak correlation with population density and air pollution and moderate negative correlation with winter temperature.

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