Divisia Monetary Aggregates and Economic Activities in Asian Developing Economies

2019 ◽  
Author(s):  
Muzafar Shah Habibullah
Keyword(s):  
Developing Economies ◽  
Economic Activities ◽  
Monetary Aggregates ◽  
Divisia Monetary Aggregates

Tax Amnesties in Tax Reform Policy: A Case Study from Pakistan and Lessons for Developing Economies

2021 ◽  
Vol 12 (1) ◽  
pp. 37-71
Author(s):  
Bahawal Shahryar
Keyword(s):  
Tax Reform ◽  
Developing Economies ◽  
Reform Process ◽  
Economic Activities ◽  
Reform Policy ◽  
Tax Base ◽  
Tax Amnesty ◽  
Targeted Enforcement ◽  
Underground Economies

Abstract An optimally designed tax amnesty scheme can serve as a strategic component in a larger tax reform process. Such a reform can particularly assist in the tax collection efforts of developing economies like Pakistan. Pakistan’s tax amnesty schemes in 2018 and 2019 helped grow the tax base substantially. India’s and Indonesia’s schemes in 2016 also showed promise. My study compares the recent tax amnesties adopted by these three countries (Pakistan, India and Indonesia). Based on these experiences, I propose improvements in the composition of Pakistan’s tax amnesty design. An optimal tax policy cannot rely only on wide-spread enforcement, particularly in countries with large underground economies--like Pakistan, India and Indonesia. Instead, it should focus more on the optimal amnesty design alongside targeted enforcement efforts, aimed especially at documenting and taxing large underground economic activities.

scholarly journals Digital Service Taxes and Their Application

2021 ◽  
Author(s):  
Megersa Kelbesa
Keyword(s):  
Developing Countries ◽  
Economic Impact ◽  
Developing Economies ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Developed Countries ◽  
Evidence Base ◽  
Digital Economy ◽  
Economic Activities ◽  
Digital Service

Many developing economies have seen a rise in e-commerce activity within their borders, and a decline in income from traditional industries as a result of COVID-19, meaning the digital economy offers a potentially unexploited source of tax revenue. . As a result, more developing countries may soon begin adopting some sort of digital tax. The economic activities which may be subject to the Digital Services Tax (DST) may vary from country to country. It will, therefore, be necessary for businesses operating in multiple jurisdictions across developing countries to keep up with the changes in digital taxes. Before implementing a DST scheme, developing countries are advised to perform an in-depth cost-benefit analysis and due considerations. Some developing (and several developed) countries have already unilaterally implemented a “provisional” DST system. Other developing countries are on the process of implementing DST or have simply announced that they will implement a DST soon. Although most of the countries so far actively working on DST (are rich countries, a growing list of developing countries are joining the process. Some examples include the following: Malaysia, Indonesia, Kenya, Nigeria, Argentina and, Chile. It is important to mention that the literature on DST is very limited – although growing, and the evidence base around the economic impacts is particularly scarce. This is partly due to the quite recent nature of DST implementation. The evidence is even scarcer for developing countries – Due to these limitations, this rapid evidence review looks at different types of available literature – including reports and blogs issued by international financial institutions and development agencies. The rest of the report will give an overview of key proposed approaches to tax the digital economy, provide a very brief account of the economic impact of DST, provide a brief mapping of the implementation of digital service taxes in developing countries, provide a brief description of each DST system and about the economic impact of the DST, finally a brief account or attributes of a “good” DST system.

Multilateralism and Dependency Theory

2014 ◽  
Vol 13 (1-2) ◽  
pp. 80-99
Author(s):  
Tai Wei Lim
Keyword(s):  
Developing Economies ◽  
Regional Cooperation ◽  
World System ◽  
Value Added ◽  
Small States ◽  
Dependency Theory ◽  
Economic Activities ◽  
Intermediate Space ◽  
Classical Studies ◽  
The World

Abstract This paper situates center-periphery issues at two levels. At the broadest level (world system), it looks at the spectrum of selected dependency theories and the position of George Klay Kieh Jr’s ideas in this spectrum. In this discussion, I will pay especial attention to small states, powers and economies and explain the justifications in the section below. At the intermediate level (compradorial category) of the world system, I examined some area-specific writings on this subject, in particular those related to Asia and Africa but also classical studies of compradorial economies in South America. In reviewing these theories, I identified three major issues for study. First, are dependency theories and the idea of an intermediate compradorial economy in the world system still relevant or important to the study of developing economies? Second, are regional economic bodies in the intermediate space of the world system challenging the dichotomous binary of only center and periphery? Third, if resource supply and primary processing are the comparative advantages of smaller or peripheral states, can regional cooperation help to upgrade the value-added-ness of their economic activities?

The Age and Time of No Retirement

2021 ◽  
pp. 39-51
Author(s):  
Adnan ul Haque
Keyword(s):  
Elderly Women ◽  
Developing Economies ◽  
Aging Population ◽  
Global Perspective ◽  
Social Activities ◽  
Cultural Perspective ◽  
Economic Activities ◽  
Developed Economies ◽  
The Social ◽  
Population Rate

This comparative study considers global perspective by including developed and developing economies for exploring the social and economic impact of aging. Using stratified, purposive, and networking technique, the online opened-ended questions responses were gathered from the sample of 258. The findings confirmed that there is no age of retirement. Aging population contributions are significant and termed in this study as ‘knowledge-gem' (GK). The older population rate is increasing at a greater pace in the emerging economies in comparison to developed economies. Interestingly, the social activities remain constant in both types of economies. Post-retirement, elderly women are significant contributors to social activities while men have significant contribution to economic activities. From the cultural perspective, the aging population is mainly found in the ‘collectivism' on the grid-group cultural (GGC) model. The aging population is facing the challenges of in-equalities based on gender, class, and race in both developed and less-developed economies.

scholarly journals Money Neutrality, Monetary Aggregates and Machine Learning

Algorithms ◽  
2019 ◽  
Vol 12 (7) ◽  
pp. 137 ◽  
Author(s):  
Periklis Gogas ◽  
Theophilos Papadimitriou ◽  
Emmanouil Sofianos
Keyword(s):  
Machine Learning ◽  
Economic Activity ◽  
Central Banks ◽  
Support Vector ◽  
Short Term ◽  
Monetary Aggregates ◽  
Divisia Monetary Aggregates ◽  
Vector Machines ◽  
The World ◽  
Short Run

The issue of whether or not money affects real economic activity (money neutrality) has attracted significant empirical attention over the last five decades. If money is neutral even in the short-run, then monetary policy is ineffective and its role limited. If money matters, it will be able to forecast real economic activity. In this study, we test the traditional simple sum monetary aggregates that are commonly used by central banks all over the world and also the theoretically correct Divisia monetary aggregates proposed by the Barnett Critique (Chrystal and MacDonald, 1994; Belongia and Ireland, 2014), both in three levels of aggregation: M1, M2, and M3. We use them to directionally forecast the Eurocoin index: A monthly index that measures the growth rate of the euro area GDP. The data span from January 2001 to June 2018. The forecasting methodology we employ is support vector machines (SVM) from the area of machine learning. The empirical results show that: (a) The Divisia monetary aggregates outperform the simple sum ones and (b) both monetary aggregates can directionally forecast the Eurocoin index reaching the highest accuracy of 82.05% providing evidence against money neutrality even in the short term.

scholarly journals An Extended Series of Divisia Monetary Aggregates

1992 ◽  
Vol 74 (6) ◽  
Author(s):  
Daniel L. Thornton ◽  
Piyu Yue
Keyword(s):  
Monetary Aggregates ◽  
Divisia Monetary Aggregates
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