Pengaruh Pendapatan Asli Daerah, Dana Alokasi Umum, dan Dana Alokasi Khusus terhadap Belanja Modal pada Kabupaten dan Kota di Provinsi Daerah Istimewa Yogyakarta (DIY) Tahun 2016–2020

This study aims to determine the effect of Regional Original Income, General Allocation Funds, Special Allocation Funds, partially and simultaneously effecting Capital Expenditures in Regencies/Cities in the Province of the Special Region of Yogyakarta (DIY) in 2016-2020. The type of research used is the type of quantitative research. Secondary data obtained from the website (http://www.djpk.kemenkeu.go.id). In this study, it was analyzed using descriptive analysis and multiple linear regression analysis and processed with SPSS version 25. The results of this study indicate that partially: the Regional Original Income (PAD) variable has a partial effect on Capital Expenditures in 4 regencies and 1 city in the Special Region of Yogyakarta (DIY), the General Allocation Fund (DAU) does not partially affect Capital Expenditures. , the Special Allocation Fund (DAK) has an effect on Capital Expenditures in 4 districts and 1 city in the Province of the Special Region of Yogyakarta (DIY). Meanwhile, simultaneously: Variables of Local Revenue (PAD), General Allocation Fund (DAU), Special Allocation Fund (DAK) simultaneously have a significant effect on Capital Expenditures in 4 districts and 1 city in the Special Region of Yogyakarta (DIY). ) with the period 2016-2020. Keywords: Regional Original Revenue, General Allocation Fund, Special Allocation Fund, Capital Expenditure.

Project «Aerotropolis Tolmachevo»: Economic Conditions for Implementation

The paper gives a characteristic of a complex project for the development of the territory of Aerotropolis Tolmachevo, provides forecast estimates of the necessary capital expenditures for its implementation. In the course of the study, the advantages of placing business facilities in the airport zone for the main economic entities were identified, an assessment of the most important economic indicators of the Aerotropolis zone is given. The most important conditions for the implementation of the project have been formulated. It is concluded that the implementation of the complex project Aerotropolis Tolmachevo will become an important step in the spatial development of Russia, cementing its economic space and increasing its competitive position in the world economy.

THE EFFECT OF FINANCIAL AND NON-FINANCIAL PERFORMANCE ON REGIONAL COMPETITIVENESS OF BUNGO DISTRICT WITH CAPITAL EXPENDITURE AND BUDGET GOVERNANCE AS INTERVENING

This study aims to determine the effect of financial and non-financial performance, capital expenditure, budget management on regional competitiveness. Second, this study also determines the impact of financial and non-financial performance on regional competitiveness through capital expenditures and budget management in the Bungo Regency. Primary data were collected through direct interviews with respondents with predetermined criteria and processed using Structural Equation Model analysis with PLS. The results study found only financial and non-financial performance and budget management had a significant effect on regional competitiveness, while capital expenditure had no effect. This study also found that financial and non-financial performance affects regional competitiveness through budget management, but it had no effect if capital expenditures were intervening.

Financial Performance and Human Development with Control of Regional Characteristics

Regional autonomy is a policy given by the central government to local governments. The granting of this right to autonomy will encourage the acceleration of economic development in the community. Local governments begin to regulate all affairs in their regions independently so that they will be faster in overcoming all existing problems, including problems of community welfare. The implementation of regional autonomy also gives full rights to regional governments, including in financial management in the regions. Effective, efficient, transparent and responsible financial management is an important basis for improving the community's welfare. Of course, increasing the financial performance of local governments will also increase the human development index. The performance of the local government needs to be assessed as a form of our supervision to the government. This government performance assessment can be measured through the ratio of regional independence, effectiveness and efficiency. In addition, proper management of existing resources in the area will be able to improve the welfare of the community. The purpose of this study is to empirically test the ratio of independence, effectiveness, efficiency to the human development index by controlling regional characteristics in the form of capital expenditures, operational expenditures, government size, regional original income, and population. The amount of data in this study were 29 districts and 6 cities in Central Java during 2015-2019. The results of this study state that the independence ratio, effectiveness ratio, and efficiency ratio can have a significant effect on the human development index. In addition, the control variables for regional characteristics in the form of capital expenditures, operational expenditures, government size, and population are able to influence the human development index. Meanwhile, local revenue has no effect on the human development index.

Evaluating Small vs. Large Power Blocks for Pipeline Compression Stations

This paper discusses how the application of large, gas turbine-based power blocks (>50,000-hp) in pipeline compression stations can contribute to lower capital costs, improved lifecycle performance, and reduced carbon emissions. For illustrative purposes, two compression facility power block configurations (nine 30,0000-hp trains vs. five 55,000-hp trains) are compared on the basis of capital expenditures (CapEx), operating expenditures (OpEx), availability, efficiency, and operating flexibility. A summary of the study's results are as follows: – Net present value (NPV) analyses show that 5x55,000-hp ISO trains can result in up to $50 million reduction in CAPEX vs 9x30,000-hp ISO trains – By having fewer trains, operations & maintenance (O&M) costs can be reduced by as much as 20% – Lifetime fuel savings with a 5x55,000-hp train configuration vs. 9x30,000-hp trains are estimated at $40 million, owing to the increased operating flexibility of modern gas turbines, even at partial loads. The paper will also present considerations for digitalization, modular construction, and package integration – with a particular focus on how these measures can be leveraged to lower execution risk and enhance the lifecycle performance of gas turbine-driven compression trains.

The Health Impact and External Cost of Electricity Production

The use of fossil fuels, which still dominate global primary energy consumption, results not only in emissions of greenhouse gas but also in emissions of pollutants such as SO2, NOx, and PM. Damage caused by air pollution can be expressed in monetary terms in the form of external costs to society. The goal of this paper is to answer the following questions: How much will the energy sector’s emissions change as a result of decarbonization? What is the estimated level of external costs related to human health in future energy scenarios? How large are the estimated external costs compared to the planned investments in this sector? The study conducted for the period 2018–2050 used the impact pathway approach and covered the centralized power and heat generation sector in Poland. The reported values of the concentration–response functions that relate human exposure to air pollution with health impact were reviewed. The results show that external costs decrease from an estimated annual level in the range of EUR 782–1911 million in 2018 to EUR 36–876 million in 2050. The cumulative value of avoided external costs between 2018 and 2050 is significantly lower than the planned capital expenditures in the energy sector in Poland.

Sisa Lebih Pembiayaan Anggaran Sebagai Pemoderasi Antara Dana Perimbangan, Dana Bagi Hasil, dan Pajak Daerah Terhadap Belanja Modal

This research aims to determine the effect of compensation funds, revenue-sharing funds and local taxes on capital expenditures in districts or cities in the province of Banten. Observation time in this research is for six years, namely 2015 to 2020. The object of observation in this study is all districts or cities in Banten Province. The sampling technique used is intentional (purposive) sampling. This study uses secondary data obtained from the Realization Report of the Regional Revenue and Expenditure Budget. The method of analysis used panel data regression analysis. The results of the research explain that the Balancing Fund has a negative and insignificant effect on capital expenditure, the Profit Sharing Fund has a negative and significant effect on capital expenditure, Regional Taxes have a positive and insignificant effect on capital expenditure, while the remaining excess budget financing has a negative and significant impact on Expenditures. Capital, Remaining Budget Financing is able to moderate and able to strengthen or weaken the relationship between Balancing Funds to Capital Expenditures, Remaining Budget Financing is able to moderate and able to strengthen the relationship between Profit Sharing Funds to Capital Expenditures, and Remaining Funding Budgets are unable to moderate and are unable to strengthen or weaken the relationship between Regional Taxes and Capital Expenditures. Keywords: Capital Expenditures, Balancing Funds, Profit Sharing Funds, Regional Taxes, and Remaining Budget Financing

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

In order to achieve the purpose outlined, this research uses the following methods: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. The result shows that Poland's fiscal policy aims at developing economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value-added. However, the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures. However, the external debt dependence of the state is relatively high. Nevertheless, it proves that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It proposes to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.JEL Classification: E62, F63, H21How to Cite:Petrunenko, I., Lavrov, R., Kuybida, V., Slatvinskyi, M., & Zelenskyi, A. (2021). Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22013.

The Effect of Regional Original Income, Balanced Funds and Capital Expenditures on Financial Performance of Regency/City Governments in the Special Region of Yogyakarta in 2010-2019

The financial enforcement of local governments is one dimension that can guarantee regions' ability to explore and manage local financial sources to support the government system and regional development without moving utterly reliant on the central government. One of the regional financial performance measurement tools is the regional independence ratio. Regencies/Cities in DIY are regions whose financial performance is still relatively different. Therefore it needs to investigate the factors that are the matter. The purpose of this study was to analyze the effect of Regional Original Income, Balanced funds, and Capital Expenditures on the financial performance of Regency/City Governments in the Special Region of Yogyakarta. The data adopted in this research is panel data, a combination of data for time-series 2010-2019, and a cross-section of five regencies/cities in DIY. The result of panel data regression analysis shows that the Regional Original Income and Capital Expenditure have a positive and significant effect. In contrast, the Balanced fund has a negative and significant effect on the financial performance of the regency government in DIY.

Pengaruh belanja modal, investasi dan upah minimum terhadap pertumbuhan ekonomi melalui kesempatan kerja di Kabupaten Batanghari

This study aims to: 1) determine and analyze the effect of capital expenditure, investment, and minimum wage on employment opportunities in Batanghari Regency and 2) determine and analyze the effect of capital expenditure, investment, and minimum wage on economic growth through employment opportunities in Batanghari Regency. Based on the results of multiple linear regression that partially investment variables have a significant effect on employment opportunities. In contrast, capital expenditures and minimum wages have no significant effect on employment opportunities in Batanghari Regency. Based on the results of multiple linear regression that partially, the minimum wage and employment opportunities have a substantial effect on economic growth, while capital expenditure and investment variables have no significant effect on economic growth in Batanghari Regency. Keywords: Capital expenditure, Investment, Minimum wage, Employment opportunity, Economic growth.