scholarly journals Due liabilities of territorial self-government units – the scope of disclosures

2020 ◽  
Vol 108 (164) ◽  
pp. 9-22
Author(s):  
Dorota Adamek-Hyska ◽  
Iwona Franczak
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Research Methodology ◽  
Statistical Tests ◽  
Statistical Significance ◽  
Financial Statement ◽  
Legal Regulations ◽  
The Public ◽  
The Relationship ◽  
Non Parametric

The article is an analysis of disclosures of due liabilities in the system of reporting used by territorial self- government units. The due liabilities (i.e., liabilities that have not been settled on time or liabilities that are past) of the units in question infringe legally regulated principles of managing public means, i.e., they are a factor that results in the loss of financial liquidity, and they infringe discipline of the public finance. Due liabilities are also a debt that is included in public debt. The article includes analyses of budget financial state- ments that refer to the expenditure plans and financial operations of territorial self-government units in the Silesian Province in the period 2016-2018. The research methodology was adjusted to the variables and is based on non-parametric statistical tests. The ANOVA Kruskal-Wallis test by ranks was used to test the statistical significance of differences between the distribution of a variable that describes the relationship between due liabilities to total liabilities and a selected nominal variable. Legal regulations and relevant public finance literature and budget financial statement reporting literature were also subject to this research.

scholarly journals Debt finance as a public phenomenon: conceptual basics and prospects of democratization

2019 ◽  
pp. 35-50
Author(s):  
Olha Kyrylenko ◽  
Andrii Derlytsia
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Institutional Environment ◽  
Government Debt ◽  
Debt Management ◽  
Budget Process ◽  
Budget Deficits ◽  
The Public ◽  
Debt Finance ◽  
The Individual

Introduction. Issues of budget deficits, public credit and debt form the sphere of debt finance – a model established in a particular country for ensuring the balance of the budget, the organization of government borrowings, the system of public debt management in order to influence the development of the economy and the functioning of public finance. Methods. The methods of abstraction, comparison, institutional analysis and idealization have been used. Results. The study draws attention to the microeconomic fundamentals of debt finance, considering them through the prism of the individual interests. It has been found out that the developed Western countries are characterized by the public nature of debt finances as a result of the evolutionary democratization of public debt – the accessibility of government debt operations to the general public. It is revealed that due to a number of institutional restrictions, the democratization of this sphere in Ukraine has not been fully implemented yet. It is proved that the public debt manifests the same power as pure public goods: the indivisibility in consumption and the impossibility to exclude from the debt burden, which enable its study as public bads. The key features that determine the social nature of debt finance in developed democratic countries are revealed. It is proved that the determinants of debt finance are both economic and political and institutional imbalances, not only in the area of public finance, but also at the level of economic entities. The key components of the institutional environment of the functioning of debt finance are considered: political decision- making mechanisms, procedures of the budget process, the institutional organization of the financial market. It is argued that one of the key shortcomings of the domestic practice of servicing domestic public debt is the insignificant share of debt owned by citizens. Conclusions. The disadvantages and obstacles of democratization of the model of borrowing in Ukraine are studied in the paper. A promising mechanism of financial inclusion of the population in transactions with government debt is proposed.

scholarly journals Staging tourism: Performing place

2019 ◽  
Author(s):  
Nina Boyd ◽  
Jan Smitheram
Keyword(s):  
Research Methodology ◽  
Dominant Mode ◽  
Paradigmatic Shift ◽  
The Public ◽  
Iterative Design ◽  
The Gaze ◽  
Final Experiment ◽  
Human Scale ◽  
The Relationship ◽  
Design Experiments

This project examines the relationship between architecture and the tourist experience. In architecture, an understanding of the active tourist body is underdeveloped as visuality is often positioned as the dominant mode of analysing tourism. This project mobilizes the tourist by recognising a paradigmatic shift from the”‘gaze” towards “performance”, which privileges the multisensuous experiences of the tourist engaged with architecture. The project investigates how architecture can stage and amplify the performances of tourists in order to produce place, en route. To test this enquiry, a “design through research” methodology is employed where the design proposition is developed through iterative design experiments. The design proposition is explored across three increasing scales, progressing the research through stages of development and refinement. The first experiment engages with the human scale through a 1:1 installation. The next experiment amplifies the practices of performing tourism through the design of a hotel. In the final experiment, the design of an artificial island stages the public performances of tourists.

Is There a Threshold Effect of Public Debt on Economic Growth?

2019 ◽  
pp. 49-64
Author(s):  
Seher Gulsah Topuz ◽  
Taner Sekmen
Keyword(s):  
Economic Growth ◽  
Linear Relationship ◽  
Public Debt ◽  
Threshold Effect ◽  
Oecd Countries ◽  
Fiscal Policies ◽  
The Public ◽  
Regression Methods ◽  
The Relationship ◽  
Panel Threshold Regression

In this chapter, the relationship between public debt and economic growth is examined for OECD countries. In order to determine this relationship, the data between 2002 and 2016 is analyzed using panel threshold regression methods. The findings of the study suggest that the relationship between public debt and economic growth is linear. The public debt threshold is estimated at 99.75% for OECD countries but it is statistically insignificant. While the public debt to GDP ratio is both below and above this threshold, the effect of public debt on economic growth is negative and statistically significant. There is no evidence of the existence of a non-linear relationship between public debt and economic growth. These findings are expected to guide policymakers in the implementation of fiscal policies.

Fiscal Decentralization and Public debt in the European Union

10.4335/171 ◽  
2012 ◽  
Vol 10 (3) ◽  
Author(s):  
Lenka Horváthová ◽  
Julius Horváth ◽  
Vladimír Gazda ◽  
Matúš Kubák
Keyword(s):  
European Union ◽  
Public Debt ◽  
Fiscal Decentralization ◽  
Panel Data Analysis ◽  
Medium Size ◽  
The European Union ◽  
The Public ◽  
Small Countries ◽  
Average Size ◽  
The Relationship

This paper analyses the relationship between fiscal decentralization and the level of the public debt in the twenty seven member countries of the European Union. Our panel data analysis points to the importance of size as fiscal decentralization reduces public debt in large and small countries, but not in medium - size countries. In addition, our results show that the number of government levels and average size of the lowest government unit is insignificant with respect to the public debt in these countries.

THE PRINCELY STATE AND THE NOBLE FAMILY: CONFLICT AND CO-OPERATION IN THE MARGRAVIATES ANSBACH–KULMBACH IN THE EARLY SIXTEENTH CENTURY

2006 ◽  
Vol 49 (1) ◽  
pp. 1-21
Author(s):  
HILLAY ZMORA
Keyword(s):  
Sixteenth Century ◽  
Public Debt ◽  
Family Conflict ◽  
Balance Of Power ◽  
The State ◽  
Dense Network ◽  
The Public ◽  
Princely State ◽  
The Relationship ◽  
Unstable Position

Focusing on the Franconian margraviates of Brandenburg around 1500, this study argues that the process of state formation engendered an elite of nobles who derived their power and status from the possession of high office. It shows, however, that as the state expanded, and the princely debt mounted, the relationship between ruler and noble elite was transformed: the leading nobles came to control more and more of the state in terms of offices and share of the public debt. To secure themselves in this elevated but unstable position they developed a dense network of marriage alliances among themselves. By the early sixteenth century this consortium of eminent nobles acquired a powerful hold on the princely state to the detriment of the princes and the exclusion of fellow nobles. The article suggests that it is against this background that the notorious deposition in 1515 of Margrave Friedrich by his sons should be seen: his overthrow was, among other things, an outcome of a change in the balance of power between prince and nobles that had been taking place since 1450. Finally, this change played a part in the creation of the Imperial Knighthood by which the nobles constitutionally placed themselves outside the princely states.

scholarly journals Relationship between Public Debt Burden and Health Expenditure in Sub-Saharan African Countries: The Role of Institutional Quality

2020 ◽  
Vol 6 (2) ◽  
Author(s):  
Rusmawati Said ◽  
Abdullahi Sani Morai
Keyword(s):  
Public Debt ◽  
Health Expenditure ◽  
Institutional Quality ◽  
Sub Saharan Africa ◽  
African Countries ◽  
The Public ◽  
Debt Burden ◽  
Sub Saharan ◽  
The Relationship

The historically lower level of public health expenditure of sub-Saharan African (SSA) countries could be partly explained by the mounting debt burden of this region. This consumes a sizable proportion of their domestic resources to debt servicing and potentially decreases their overall budgetary allocations to various sectors in the economy and health expenditure in particular. Using the Generalized Method of Moments (GMM) approach on a sample of 43 sub-Saharan African countries, we examined the relationship between the public debt burden and health expenditure highlighting the role of institutional quality for the period 2000 – 2014. The empirical result confirms that the relationship between public debt burden and health expenditure in sub-Saharan Africa is negative. Interestingly, however, the marginal effect of the relationship between the public debt burden and health expenditure has shown that such a negative relationship turns out to be positive when the quality of the institutions is at maximum. This suggests that the relationship between the public debt burden and health expenditure in sub-Saharan Africa is a function of institutional quality.  Therefore, to minimize the negative impact of public debt on health expenditure in sub-Saharan Africa, governments should take determine stand to minimize its debt accumulation and intensify efforts toward the improvement of institutional quality in the region comprehensively.

scholarly journals KAJIAN PERSEPSI DAN SIKAP MASYARAKAT TANI DALAM PROGRAM GERTAK TANPA DUSTA DI KABUPATEN TANJUNG JABUNG TIMUR, PROVINSI JAMBI

2017 ◽  
Vol 2 (2) ◽  
pp. 60
Author(s):  
Nida Kemala ◽  
Mulyani Mulyani
Keyword(s):  
Random Sampling ◽  
Total Population ◽  
Statistical Tests ◽  
Chi Square ◽  
High Category ◽  
High Attitude ◽  
The Government ◽  
The Relationship ◽  
Non Parametric

This study was conducted in “Tanjung Jabung Timur” Regency , Jambi Province where programs of “Gerakan Serentak Tanam Padi Dua kali Setahun (Gertak Tanpa Dusta)” was  applied. The  research focused on a farmer perception toward to the program, their attitude of independently paddy farming and the relationship between both their perception and their attitude. Total population were 485 so the number of  sample was 73 farmers (15%), and was taken by proportional random sampling methode. While the method of analysis to find out the relation between both variables was done by non parametric statistical tests namely Chi-Square 2x2. The prospect of this research was to give  the government in making a choise of the program sustainability.The result showed that most of farmers had 80,8% showed good perception toward to  the program and  it’s  only 14 farmers (19,2%) showed bad. Their attitude of independently paddy farming showed 63% low and only 37% farmers had high category. Majority of  respondents who have the good pereption  showed low attitude of independently  paddy farming. There were 59 farmers with good perception and it showed  69,5%  had low attitude. In contrary the  majority of bad perception farmers showed high attitude as 64,3%. There were a significantly relation  between the farmer perception toward to the program and their attitude of independently paddy farming in “Gertak Tanpa Dusta” program.Keywords: Program, Perception, Attitude, FarmerPenelitian ini dilakukan di   Kabupaten Tanjung  Jabung Timur,  Provinsi Jambi dimana di lokasi inilah program  Gerakan Serentak Tanam Padi Dua Kali Setahun (Gertak Tanpa Dusta) dilakukan. Penelitian ini difokuskan pada kajian persepsi petani terhadap program, sikap kemandirian  mereka dalam berusahatani padi dan hubungan antara  persepsi dengan sikap kemandirian. Jumlah populasi sebanyak 485 petani maka jumlah sampel sebanyak 73 petani (15%), yang ditentukan dengan metode  “proporsional random sampling”. Sedangkan metode analisis untuk melihat hubungan antara kedua variabel tersebut dilakukan oleh non-parametrik yaitu uji chi-square 2x2. Prospek penelitian ini adalah untuk memberikan pilihan bagi pemerintah dalam menentukan keberlangsungan suatu program. Hasil penelitian menunjukkan bahwa mayoritas petani (80,8%) memiliki persepsi yang baik terhadap program dan hanya  14 petani (19,2%) menunjukkan persepsi kurang baik . Sikap kemandirian dalam budidaya padi menunjukkan 63 % rendah dan hanya 37% petani yang memiliki sikap kemandirian tinggi. Kebanyakan responden yang memiliki persepsi baik terhadap program menunjukkan sikap kemandirian dalam berusahatani padi yang rendah. Dari 59 petani dengan persepsi baik terdapat  69,5 % diantaranya yang memiliki sikap kemandirian rendah. Sebaliknya sebagian besar persepsi kurang baik  menunjukkan sikap kemandirian yang tinggi yaitu 64,3 %. Terdapat hubungan yang signifikan antara persepsi petani terhadap program dan sikap kemandirian  dalam  program Gertak Tanpa Dusta. Kata kunci:  Program, Persepsi, Sikap, Petani

scholarly journals Fiscal Rules, Creative Accounting and Fiscal Transparency: An Evaluation on the Transition Economies

2015 ◽  
Author(s):  
İlter Ünlükaplan ◽  
Volkan Yurdadoğ ◽  
Ebru Canıkalp
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Fiscal Rules ◽  
Accounting System ◽  
Budget Deficits ◽  
The Public ◽  
Fiscal Transparency ◽  
Government Accounting ◽  
Creative Accounting ◽  
The Relationship

An anonymous idea is observed in the public finance literature that includes where fiscal rules, i.e numerical rules on the fiscal indicators, are strict and stringent, policy executives will have incentives to recourse to creative accounting implementations to overcome these numerical limits. Creative accounting is applied for demonstrating economic, especially fiscal indicators better than the originals to reach the necessary fiscal limit, even if they are primarily conducted by private firms. Many countries applied these illusory implementations to hide their reported budget deficits especially in the last global crisis period. With this manner, creative accounting violates the basic principles of governance in public finance. In this context, governments should have to establish statistical classification structure and government accounting system that aims to prevent creative accounting. With this dimension, fiscal transparency will prevent from creative accounting implementations. In this study, the relationship between fiscal rules and creative accounting on the public finance administration level will be determined and fiscal transparency suggestions that prevent these frauds in the economies will be evaluated. As a result, the practice of good governance in public finance should be implemented to provide financial transparency. In addition, the reforms about transparency in the legislation should be consider as an important proposal.

scholarly journals Pengaruh Perencanaan Pajak dan Profitabilitas Terhadap Nilai Perusahaan dengan BOD Diversity sebagai Variabel Moderasi

2019 ◽  
Vol 9 (2) ◽  
pp. 235-246
Author(s):  
Yuli Dwi Astuti ◽  
Giawan Nur Fitria
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Statistical Tests ◽  
Tax Planning ◽  
Financial Statement ◽  
Book Value ◽  
Company Value ◽  
Real Estate Sector ◽  
The Relationship

This study aims to determine the effect of tax planning and profitability on firm value with BOD diversity as a moderating variable. This research is motivated by the importance of information about the factors that can affect the value of the company. Company value in this study used price book value as an indicator of measurement. The population of this research is the property and real estate sector companies in companies listed on the Indonesia Stock Exchange in 2016 - 2018. The sample of this research is 30 issuers or 90 company financial statement data used in this study. This study uses multiple linear regressiosn with statistical tests and moderate regression analysis test with SPSS 23. The results of this study are tax planning and profitability have a positive and significant effect on firm value. Whereas BOD Diversity weakens the relationship between tax planning and profitability on firm value.

scholarly journals Imbalance of the public finance in the context of Keynesian and Non-Keynesian effects of fiscal policy limitation

2017 ◽  
Vol 3 (3) ◽  
pp. 27-32
Author(s):  
Joanna Stawska
Keyword(s):  
Public Finance ◽  
Economic Growth ◽  
Fiscal Policy ◽  
Public Debt ◽  
Statistical Data ◽  
Gdp Growth ◽  
The Public ◽  
Methods Of Analysis ◽  
Restrictive Policy

The purpose of this article is to point out the importance of the size of public debt and deficit in the context of Keynesian and non-Keynesian effects of fiscal policy limitation. To achieve this objective primarily were used methods of analysis of the available literature and presentation of statistical data. Considerations include, among others, the presentation of public debt and deficit in the context of economic growth. Expansionary fiscal policy often caused by economic fluctuations contributes to the deepening of public finance imbalance with frequent decline in GDP growth. The restrictive policy has an influence on improving the situation of the public finance sector in the long-term with at least moderate economic growth.

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