scholarly journals An Analysis of Trend and Sources of Deficit Financing in Nepal

2016 ◽  
Vol 12 ◽  
pp. 8
Author(s):  
Deo Narayan Sutihar
Keyword(s):  
Budget Deficit ◽  
Government Expenditure ◽  
Fiscal Deficit ◽  
Cash Balance ◽  
Foreign Loan ◽  
Deficit Financing ◽  
Error Terms ◽  
Level Of Significance ◽  
Near Future ◽  
Very High

<p>Deficit financing has emerged as an important tool of financing government expenditure. In Nepal, the share of fiscal deficit to GDP ratio was 5.5% in FY 2010/11 in compare to 3.6% of FY 2000/01. There are three sources of deficit financing i.e. foreign loan, domestic borrowing and cash balance and their shares to fiscal deficit have found 24.3%, 85.7% and -10.0% respectively in FY 2010/11. The domestic borrowing to budget deficit was found to be very high. The fiscal deficit to expenditure ratio was maximum 30.3% in FY 2000/01 and minimum 16.8% in FY 2010/11 respectively. This exhibits that there was decreasing trend in ratio in the study period. The regression equation has been used to estimate the annual declining rate of fiscal deficit to expenditure ratio. The estimates of the annual average and annual declining rate of deficit/expenditure ratio have been found to be 26.64% and - 0.846% respectively. From the result, it is obvious that fiscal deficit/expenditure ratio has been decreased by 0.846 % annually during the period of 11 years. This trend exhibits that Nepal will try to announce balanced budget in the near future. From the statistical analysis, the value of autocorrelation is found to be 0.427 and its d-statistic has been estimated 1.003, which not significant at 5% level of significance. Thus, the analysis justifies that there is no positive autocorrelation among error terms in the study period.</p><p>Economic Literature Vol.12 2014: 8-15</p>

scholarly journals ToU Pricing-Based Dynamic Electricity Theft Detection in Smart Grid Using Gradient Boosting Classifier

2021 ◽  
Vol 11 (1) ◽  
pp. 401
Author(s):  
Rajiv Punmiya ◽  
Sangho Choe
Keyword(s):  
Smart Grid ◽  
Dynamic Pricing ◽  
Gradient Boosting ◽  
Core Concept ◽  
Actual Usage ◽  
Electricity Theft ◽  
Extreme Gradient Boosting ◽  
New Type ◽  
Near Future ◽  
Very High

In the near future, it is highly expected that smart grid (SG) utilities will replace existing fixed pricing with dynamic pricing, such as time-of-use real-time tariff (ToU). In ToU, the price of electricity varies throughout the whole day based on the respective utilities’ decisions. We classify the whole day into two periods with very high and low probabilities of theft activities, termed as the “theft window” and “non-theft window”, respectively. A “smart” malicious consumer can adjust his/her theft to mostly targeting the theft window, manipulate actual usage reporting to outsmart existing theft detectors, and achieve the goal of “paying reduced tariff”. Simulation results show that existing schemes do not detect well such window-based theft activities conversely exploiting ToU strategies. In this paper, we begin by introducing the core concept of window-based theft cases, which is defined at the basis of ToU pricing as well as consumption usage. A modified extreme gradient boosting (XGBoost) based machine learning (ML) technique called dynamic electricity theft detector (DETD) has been presented to detect a new type of theft cases.

scholarly journals Tax Revenue, Tax Reform and Government Expenditure: The Case of Nigerian Economy (1994 – 2017)

2020 ◽  
pp. 1-12
Author(s):  
Chinedu Jonathan Ndubuisi ◽  
Onyekachi Louis Ezeokwelume ◽  
Ruth Onyinyechi Maduka
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
Government Expenditure ◽  
Value Added ◽  
Series Data ◽  
Tax Revenue ◽  
Value Added Tax ◽  
Tax Reforms ◽  
Level Of Significance ◽  
Excise Duties

The objective of this study is to empirically investigate the effect of tax revenue and years tax reforms on government expenditure in Nigerian. Tax revenue were explained using custom and excise duties, company income tax, value-added tax and tax reforms explained by the years in which reforms took place measured by dummy variables as proxies. In conducting this research, an annual time series data from central bank statistical bulletins and Federal Inland revenue Service of Nigeria spanning from 1994-2017 were employed. The data were tested for stationarity using the Augmented Dicker-Fuller Unit Root Test and found stationary at first difference. The Johansen co-integration test was also conducted and showed that the variables are co-integrated at the 5% level, which implied that there is a long-run relationship between the variables in the model. The presence of co-integration spurred the use of vector error correction model and VEC granger causality to determine the effects and decision for the study objective. Findings revealed that Customs and Excise Duties has positive (3.96) and significant (-8.38) impact on government expenditure at 5% level of significance (t=8.38>1.96), Company Income Tax has negative (-1.25) and significant (2.98) impact on government expenditure at 5% level of significance (t=2.98>1.96), Value added tax has positive (8.54) and significant (3.90) impact on government expenditure at 5% level of significance (t=3.90>1.96) and Tax reforms periods has negative(-3.52E+12) and significant (8.39) impact on government expenditure at 5% level of significance (t=8.39>1.96). The study thus concluded that tax revenue and tax reforms significantly affect the Nigerian economy with the direction of causation running from government revenue to government expenditure, supporting the revenue-spend or tax-spend hypothesis.  It was recommended while seeking to increase its revenue base via tax should also increase their expenditure profile to create a balance with the tax revenue and every other tax reform should be geared towards this balance.

Attitude of Female Students Towards Physical Education and Sports

2020 ◽  
Vol 9 (1) ◽  
pp. 65-70
Author(s):  
Pashupati Adhikari
Keyword(s):  
Physical Education ◽  
Data Collection ◽  
Female Students ◽  
Degree Of Freedom ◽  
Chi Square ◽  
Positive Attitudes ◽  
Chi Square Test ◽  
Level Of Significance ◽  
The University ◽  
Very High

 This study presents an attitude of female students studying B.Ed. third year towards physical education and sports within Kathmandu valley. Initially, it was hypothesized that there is no significance difference in attitude of physical education and sports among female students of different campuses. From these 6 campuses, 184 female students were randomly selected. A five-point Likert-type scale was applied for data collection from the selected students who studied in B.Ed. third year. Altogether five opinion statements were used for data collection. It was found that all respondents showed positive attitudes towards physical education and sports. In order to test whether there is significant interdependence in score among the respondents in different perspectives. The chi-square test score was applied as statistical test at the 0.05 level of significance. The chi-test under contingency table: independent of opinion among the respondent, if (χ2>α=0.05 in different degree of freedom) and independent if (χ2≤ α=0.05 in different degree of freedom). For the measurement of attitude for physical education and sports,it has enough evidence in the data to accept alternatives hypothesis; there is relation or interdependence of attitude towards physical education and sports among the respondents. Because, the score is very high among the response of respondent. The study suggests that the university teacher must be accountable to construct professional environment.

EFFECTS OF CAPITAL INFLOWS ON FISCAL BALANCE IN AN EMERGING ECONOMY: EVIDENCE FROM PAKISTAN

2019 ◽  
pp. 1-14
Author(s):  
MUHAMMAD ZAKARIA ◽  
WEN JUN ◽  
AROOJ KHAN
Keyword(s):  
Method Of Moments ◽  
Budget Deficit ◽  
Foreign Debt ◽  
Generalized Method Of Moments ◽  
Emerging Economy ◽  
Capital Inflows ◽  
Annual Data ◽  
Fiscal Deficit ◽  
Deficit Model ◽  
Fiscal Balance

This paper examines the effect of capital inflows on fiscal deficit in an emerging economy of Pakistan. To obtain this objective, a fiscal deficit model is estimated using annual data for the period 1984–2017. The model is estimated using Generalized Method of Moments (GMM) technique. Three measures of capital inflow variables are taken, i.e., remittances, foreign direct investment (FDI) and foreign debt. The findings reveal that capital inflows increase fiscal deficit in the country. The findings show that 1% increase in remittances will increase fiscal deficit by 0.312%, while 1% increase in FDI will deteriorate budget deficit by 0.250%. Similarly, 1% increase in foreign debt will worsen fiscal balance by 0.073%. Remittances and FDI have more effect on fiscal deficit compared to foreign debt. It implies that both remittances and foreign debt deteriorate fiscal balance in the country more than foreign debt. The study suggests that remittances, FDI and foreign debt should be used for productive purposes as they will help in improving fiscal balance in the country.

scholarly journals The Effect of Re-engineering of Administrative Processes in Achieving the Competitive Advantage of Sustainable in Five-Star Hotels in Jordan - Field Study

2019 ◽  
Vol 11 (1) ◽  
pp. 96
Author(s):  
Suleiman Mustafa EL-Dalahmeh
Keyword(s):  
Information Technology ◽  
Statistical Analysis ◽  
Standard Deviation ◽  
Competitive Advantage ◽  
Organizational Communication ◽  
Sustainable Competitive Advantage ◽  
Statistical Effect ◽  
The Mean ◽  
Level Of Significance ◽  
Very High

The main aim of the research was to identify the effect of Re-engineering of Administration Processes in Achieving the competitive Advantage of Sustainable in Five Star Hotels in Jordan. To achieve the objective of this study, a questionnaire distributed on 120 persons in Five Star Hotels in Jordan. 90 returned with a rate of 75%. The results of the study showed that there is a significant statistical effect at the level of significance of α ≤ 0.05 for the re - engineering of administrative processes in achieving sustainable competitive advantage in five - star hotels in Jordan in the following dimensions:* - Leadership * - Ability to analyze * - Advanced design * - Organizational communication * - Continuous improvementStrategic Planning. The total score of the mean of the study instrument was 4.43 and with a standard deviation of 0.35 and 88.6% at a very high degree.The results of the statistical analysis revealed the realization of the sample of the study in the investigated hotels, the extent of the effect of re-engineering the administrative processes in all its dimensions in achieving the competitive advantage.Based on the results of hypotheses tested, the six null hypotheses of the study were rejected. In the light of the findings, the researcher recommended that:1- The need to convince the management of hotels and hotel staff the importance of the application of re-engineering of administrative processes to achieve competitive advantage sustainable2- Utilizing the potential of graduates of new universities from the faculties of economics, administrative sciences and information technology. 

scholarly journals New Trends in Raman Spectroscopy: From High-Resolution Geochemistry to Planetary Exploration

Elements ◽  
2020 ◽  
Vol 16 (2) ◽  
pp. 117-122 ◽  
Author(s):  
Olivier Beyssac
Keyword(s):  
Raman Spectroscopy ◽  
Surface Enhanced Raman Spectroscopy ◽  
Raman Signal ◽  
Time Resolved ◽  
The Earth ◽  
Surface Enhanced ◽  
Surface Enhanced Raman ◽  
Anti Stokes ◽  
Near Future ◽  
Very High

This article reviews nonconventional Raman spectroscopy techniques and discusses present and future applications of these techniques in the Earth and planetary sciences. Time-resolved spectroscopy opens new ways to limit or exploit luminescence effects, whereas techniques based on coherent anti-Stokes Raman scattering (CARS) or surface-enhanced Raman spectroscopy (SERS) allow the Raman signal to be considerably enhanced even down to very high spatial resolutions. In addition, compact portable Raman spectrometers are now routinely used out of the laboratory and are even integrated to two rovers going to Mars in the near future.

Fabrication of Metallic Nanocomponents by Forging of Ni3Al-Nanoparticles.

2012 ◽  
Vol 1412 ◽  
Author(s):  
Landefeld Andreas ◽  
Rösler Joachim
Keyword(s):  
High Performance ◽  
High Strength ◽  
Complex Structures ◽  
Free Standing ◽  
Large Numbers ◽  
Upset Forging ◽  
Nanoscale Fabrication ◽  
The Individual ◽  
Near Future ◽  
Very High

ABSTRACTThe trend to manufacture components reduced in size at the micro- and nano-scale is obvious and is becoming more and more the state of art in designing actuators, sensors and chips. In recent years, nanoscale fabrication has developed considerably, but the fabrication of freestanding nanosize components is still a great challenge. The fabrication of metallic nanocomponents utilizing three basic steps is demonstrated here. First, metallic alloys are used as factories to produce a metallic raw stock of nano-objects/nanoparticles in large numbers. These objects are then isolated from the powder containing thousands of such objects inside a scanning electron microscope using manipulators, and placed on a micro-anvil or a die. Finally, the shape of the individual nano-object is changed by nanoforging using a microhammer to get specific geometries such as discs and more complex components such as gears and wheels in the near future. The almost cubic particles are essentially defect-free, therefore, provide very high strength (σ>2500MPa) in combination with excellent formability (|ϕ|>1,6). There are two approaches for forming these small particles. Upset forging is used to forge small discs (height<100nm) and to shape the nanoparticle in specific areas. Press forging into nano-dies is used to forge more complex structures. In this way free-standing, high-strength, metallic nanoobjects may be shaped into components with dimensions in the 100 nm range. By assembling such nano-components, high-performance microsystems can be fabricated, which are truly in the micrometre scale (the size ratio of a system to its component is typically 10:1).

Can Public Choice Theory Explain the U.S. Budget Surpluses of the 1990s?

2004 ◽  
Vol 23 (3) ◽  
pp. 169-181
Author(s):  
Russell S. Sobel
Keyword(s):  
Public Choice ◽  
Interest Group ◽  
Choice Theory ◽  
Government Expenditure ◽  
Budget Deficits ◽  
Public Choice Theory ◽  
Expenditure Growth ◽  
Deficit Financing ◽  
Federal Expenditure ◽  
The U.S

Abstract Rapid U.S. federal expenditure growth and budget deficits became commonplace during the second half of the twentieth century. Public choice models explained this by continual special interest group pressure for spending, rationally ignorant voters, and shortsighted politicians finding deficit financing attractive. However, the late 1990s saw budget surpluses and a slowdown in government expenditure growth. This paper uses public choice theory to explain this turn of events. I find that a slowdown in U.S. interest group activity growth is responsible for this shift.

scholarly journals Testing the Twin Deficit Hypothesis for Kyrgyzstan Economy

2015 ◽  
Author(s):  
Damira Baigonushova
Keyword(s):  
Open Economy ◽  
Budget Deficit ◽  
Government Expenditure ◽  
Trade Deficit ◽  
The State ◽  
Real Economy ◽  
Twin Deficits ◽  
State Budget ◽  
Vector Autoregressive ◽  
Model Technique

Twin deficits hypothesis suggests that there is a positive relationship between budget and current account deficits. The present study examines Twin Deficits Hypothesis over the period of 2005:01–20013:12 in Kyrgyzstan by using Vector Autoregressive Model technique. The results show that there are relationships between government expenditure, export and import. The causalities are from government expenditure to export and import. These results confirm the Keynesian view, which asserts the existence of twin deficits, meaning that the state budget deficit at weak real economy, in an open economy, increase imports, which is the cause of twin deficits in the economy of Kyrgyzstan. To solve the problem of twin deficits, the state must pursue an active foreign trade policy in addition to fiscal policy, as it is proven empirically the state budget deficit has a big impact on trade deficit, but not the main factor of trade deficit.

scholarly journals Do Budget Deficit Crowds out Private Investment: A Case of Tanzanian Economy

2015 ◽  
Vol 2 (1) ◽  
pp. 11-18
Author(s):  
Samwel Mwigeka
Keyword(s):  
Budget Deficit ◽  
Government Expenditure ◽  
Private Investment ◽  
Annual Data ◽  
Data Generation ◽  
Budget Deficits ◽  
Study Results ◽  
Theoretical Predictions ◽  
High Government ◽  
Johansen Cointegration Test

The existing high budget deficit in Tanzanian economy has created an immense concern among economic policy analysts. The study investigates whether budget deficits crowd out or crowd in private investment in Tanzania, using annual data covering the period from 1970 to 2012.  Using the Johansen cointegration test suggests there is at least one cointegration vector among these variables. Under such circumstances, we employed a vector error correction model (VEC), since it offers more and better information compared to other data generation processes. The results point to a close long–term relationship between private investment, and other variables included in the study. Results suggest that budget deficits significantly crowds out private investment. These results substantiate the theoretical predictions and are also supported by previous studies. The paper recommends that government should redirect it fiscal policy that would favor the private investor by discouraging high government expenditure and maintaining a low fiscal deficit. Also, to avoid crowding out effect, capital market should be used to finance budget deficit. JEL Classifications Code: H6

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