scholarly journals Fiscal policy and foreign trade as a determinant of economic development – focus Kosovo

2019 ◽  
Vol 8 (3) ◽  
pp. 77-87
Author(s):  
Arben Tërstena ◽  
Ismail Mehmeti ◽  
Sokol Krasniqi
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Fiscal Policy ◽  
Foreign Trade ◽  
Policy Instruments ◽  
Foreign Market ◽  
The State ◽  
Fiscal System ◽  
Balkan Countries

Fiscal policy and foreign trade as a determinant of economic development – focus Kosovo Abstract Purpose: The purpose of this paper is to identify the role of fiscal policy in Kosovo, comparing with the Western Balkan countries, in the trends of economic development, which are related to the international market, and how to achieve the objectives of the economy of Kosovo, penetrating the foreign market of local companies, using fiscal policy instruments. Design / methodology / approach: data processing is performed using deductive-analytical methods, describing and comparing research findings by commercial companies, extracting data and comparing official reports of national and international institutions on the role of policies analysis in the Western Balkan countries and in Kosovo, and the results of the research are based on these analyzes. Findings: Each sovereign state has its own fiscal policy operating within the fiscal system of that country, which also influences the development trends of international trade, the same applies to Kosovo and the Western Balkan countries, where this policy includes customs tax, VAT, tax in personal income, etc. The government of the country, through fiscal policy instruments creates conditions for companies to be as present in the foreign market as possible with their products, which impacts on the overall economic development of the country. achieved. Practical implications: the paper provides insights into the state of the fiscal system in Kosovo, how fiscal policy affects the creation of conditions for foreign trade development, where is Kosovo's economy is in relation to the Western Balkan countries and what are the steps needed to improve it. Originality / value: the paper provides real data on the state of the fiscal system in Kosovo and its full role in the development of foreign trade in relation to the Western Balkan countries.   Key words: Fiscal policy, international trade, international agreements, fiscal system, economic development, development policy measures, etc.

scholarly journals Tax revenues in the system of budget revenues formation

2019 ◽  
pp. 188-195
Author(s):  
Valentyna Makohon
Keyword(s):  
Economic Development ◽  
Fiscal Policy ◽  
Scientific Research ◽  
State Regulation ◽  
The State ◽  
Social Production ◽  
Generation System ◽  
Tax Revenues ◽  
Budget Revenue

Relevance of research topic. Taxes play a significant role in the system of state regulation of the country's economic development. The cyclicality and dynamism of economic processes necessitates the adaptation of the tax regulation mechanism to changes in financial and economic conditions. It is important to timely and carefully assess the impact of taxes on social production, its dynamics and structure. Budget and tax policies should be mutually consistent with the strategic objectives of economic transformation, aimed at creating the proper conditions for deepening the interaction of the state and society. Formulation of the problem. In the context of economic transformations, the important task is to change the approaches to fiscal policy in terms of improving the tax system's tax structure, which are budget-forming components, which requires further scientific research into the theoretical and applied aspects of administration of tax revenues in the system of forming the revenue part of the budget. Analysis of recent research and publications. The problem of the formation of tax revenues and their impact on the market equilibrium is quite widespread in scientific research. These are works by well-known domestic and foreign scholars: J.J. Buchanan, W. Mitchell,  J. M. Keynes, T. Bogolyub, I. Zapatrina, L. Lisyak, I. Chugunova and others. Identification of unexplored parts of the general problem. The above issues are updated in connection with the strengthening of globalization processes, the adverse external and internal economic environment, which requires the solution of a number of specific tasks related to determining the level of tax burden in such a way as to achieve a balance between budget expenditures and its revenues and the processes of revival of business activity were not restrained, the level of growth of the shadow sector of the economy did not deepen. Setting the task, the purpose of the study. The objectives of the study are: the disclosure of the role of taxes in the state regulation of economic development of the country, the analysis and assessment of tax revenues in the system of budget revenue formation. The purpose of the research is to substantiate the priority tasks of the fiscal policy on the formation of tax revenues, and to improve their architectonics in the context of institutional transformations. Method or methodology of conducting research. The article uses a set of methods of scientific research: system approach, statistical analysis, structuring, analysis, synthesis, and others. Presentation of the main material (results of work). The role of taxes in the state regulation of economic development of the country is determined. The analysis and estimation of tax revenues in the budget revenue generation system was carried out. The priority tasks of fiscal policy concerning formation of tax revenues, improvement of their architectonics under the conditions of institutional transformations are substantiated. The field of application of results. The results of this study can be applied in the process of formation and implementation of Ukraine's fiscal policy. Conclusions according to the article. The role of taxes in the system of state regulation of economic processes is ensured by their influence on social production, its dynamics and structure. Ensuring the stability of budget revenues and fiscal adequacy involves developing an effective concept for the development of the tax system, based on realistic forecasts of socio-economic development of the country; assessment of the tax potential of administrative and territorial units. The starting base for the formation of the revenue part of the state and local budgets is the rational allocation and consolidation of specific tax revenues. The system of tax regulation should be based on a clear combination of legally established mechanisms for the establishment, collection and redistribution of tax revenues between budgets of different levels. The article defines the strategic priorities of the fiscal policy in relation to the formation of tax revenues in the budget revenue generation system.

scholarly journals Foreign trade competitiveness of the Balkan countries under the conditions of globalization

2012 ◽  
Vol 64 (1) ◽  
pp. 67-81 ◽  
Author(s):  
Ivana Bozic-Miljkovic
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Economic History ◽  
Trade Balance ◽  
The State ◽  
Balance Of Payments ◽  
The World ◽  
Balkan Countries ◽  
Trade Competitiveness ◽  
Economic Nature

The development of international trade on the world scale under the conditions of globalization, more than ever in the economic history has given prominence to the issues of given countries? competitiveness and foreign trade companies. Competitiveness in foreign trade is a complex category affected by the factors of both economic and non-economic nature. With the increase of the degree of liberalization of foreign trade globally, competitiveness represents a very important factor that the results in this particular trade depend on and, consequently, realization of the developmental and stabilization objectives in the progress of trade. The Balkan countries are making efforts, through diverse forms of regional economic networking and economic cooperation, to define their competitiveness in foreign trade in such a way so as to ensure its higher level. The actions of this kind should change their relatively unfavorable position in international trade and improve the state in their foreign trade balance as well as balance of payments. In doing this, they encounter numerous problems of economic and non-economic nature, namely those that still condition their low competitiveness in foreign trade.

Economic Development of Bangladesh: The Role of IBBL

IIUC Studies ◽  
2015 ◽  
Vol 9 ◽  
pp. 323-334
Author(s):  
Shafiqur Rahman ◽  
Nicholas McDonald
Keyword(s):  
Economic Development ◽  
Content Analysis ◽  
Foreign Trade ◽  
Rural Economy ◽  
Significant Contribution ◽  
Annual Report ◽  
Housing Sector

This paper presents the role of Islami Bank Bangladesh Limited (IBBL) to the recent economic development in Bangladesh. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export), developing the housing sector etc. This study also identifies IBBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of IBBL behind it and fills the gap of literature in this specific area.IIUC Studies Vol.9 December 2012: 323-334

Effectiveness of Tax Policy of Ukraine: Evidence and Economy Implications

2020 ◽  
pp. 124-131
Author(s):  
Olena P. Slavkova ◽  
Oksana I Zhilinska ◽  
Maksym Palienko
Keyword(s):  
Economic Development ◽  
Tax Evasion ◽  
Tax Policy ◽  
The State ◽  
State Budget ◽  
Advantages And Disadvantages ◽  
State Tax ◽  
State And Local ◽  
Tax Payments

The article deals with the peculiarities of the formation and implementation of tax policy in the country. The analysis of change of tax receipts to the state and local budgets is carried out. The role of tax payments in the economic development of the country is determined. The efficiency of the state tax policy in Ukraine is analyzed, its advantages and disadvantages are determined. The important role of tax payments in stimulating economic and social development is substantiated. The analysis of the elasticity of change of indicators of economic development of the country from the change of volume of tax receipts to the budget is carried out. The necessity of improving the existing policy of establishing, accrual, payment, and distribution of tax revenues as one of the most promising areas to stimulate economic growth is concluded. Keywords: tax policy, revenues, tax evasion, state budget, elasticity, economic development

scholarly journals The role of factoring in international trade financing

2020 ◽  
Vol 3 ◽  
pp. 36-41
Author(s):  
Tural Alasgarli ◽  
Keyword(s):  
International Economic ◽  
International Trade ◽  
Foreign Trade ◽  
Economic System ◽  
20Th Century ◽  
Trade Finance ◽  
Trade Relations ◽  
Trade Financing

As 20th century ends, international economic system has gained new characteristics, international trade and its finance has reached at a different aspect. Parallel to the increasing trade relations, new technics of foreign trade finance has been widely available. Among them, factoring was evaluated in this study.

scholarly journals CORRUPTION AND ECONOMIC DEVELOPMENT: THE ROLE OF THE STATE

2018 ◽  
Vol 1 (1(13)) ◽  
pp. 135-141 ◽  
Author(s):  
Volodymyr Petrovych Beglytsia ◽  
◽  
Olena Oleksandrivna Tsyplitska ◽  
Keyword(s):  
Economic Development ◽  
The State ◽  
Role Of The State

Kebijakan Fiskal pada Masa Rasulullah dan Sekarang

2020 ◽  
Vol 3 (2) ◽  
pp. 153-168
Author(s):  
Ibnu Hasan Karbila ◽  
Abdul Helim ◽  
Rofii Rofii
Keyword(s):  
Fiscal Policy ◽  
Data Collection ◽  
Policy Instruments ◽  
Secondary Data ◽  
The State ◽  
Literature Study ◽  
Capitalist Economy ◽  
Data Collection Methods ◽  
Second Year ◽  
Collection Methods

This study aimed at distinguishing fiscal policy during the time of the Prophet and the fiscal policy prevailing in Indonesia. The study method in this research is literature study. The type of data used is secondary data with data collection methods through literature study. The results showed that during the time of the Prophet, the first fiscal policy that was taken after moving to Medina was to make muhajirin and ansar fraternal and provide employment for the Muhajirin. In the second year, almsgiving and fitrah are compulsory, followed by zakat in the ninth year of hijriyah. From here emerged fiscal policy instruments derived from zakat, infaq, alms and waqf. Some of these elements are mandatory and some are voluntary. Zakat is an element that must be paid after reaching the nisab, while infaq, alms and waqf are voluntary. This voluntary element is what distinguishes an Islamic economy from a capitalist economy. Another difference between the two is related to the management of state money where part of the APBN sources obtained from debt must be free from the element of interest, thus, the state debt can actually be obtained in ways that are in accordance with Islamic Sharia

Strategies of International Trade

2018 ◽  
pp. 381-414
Author(s):  
Alain Bresson
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Food Production ◽  
Ancient Greece ◽  
International Market ◽  
Institutional Logics ◽  
Mutual Trade ◽  
Grain Trade ◽  
Trade Partners

This chapter examines the strategies employed in international trade in ancient Greece. It explains how the rules of trade and the distribution of “natural advantages” played the role of a system of constraints within which genuine strategies of foreign trade could be constructed. To better understand the specificity of these trade strategies, the chapter first considers the two institutional logics that prevailed in the international market: the first consisted in setting up a “surpluses for surpluses” trade strategy; the second allowed trade partners to act freely. The notions of mutual trade and nondirectional trade are discussed, along with the case of grain. The chapter also looks at the strategies used by cities to control grain trade, such as laws prohibiting grain exports, before concluding with an analysis of the grain policy of Athens as well as food production and supply in Aegean cities.

The Role of The State In Economic Development

2017 ◽  
pp. 257-280
Author(s):  
A.P. Thirlwall ◽  
Penélope Pacheco-López
Keyword(s):  
Economic Development ◽  
The State ◽  
Role Of The State
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