Fiscal sustainability

This article gives an overview of the circular economy model, world trends, the role of fiscal policy and international experience in using tax policy tools to encourage businesses to implement the circular economy model. This article also analyzes the current situation of fiscal policy on guiding and encouraging businesses to implement the circular economy model and makes recommendations for Vietnam.

8p leminhvu111 07-06-2024 0 0   Download

This paper reviews Vietnam’s implementation of fiscal policies in response to climate change. The impact of tax and fee policies on greenhouse gas emission reduction is insignificant. Public spending on climate change adaptation primarily focuses on infrastructure projects to enhance resilience capacity, while the budget for mitigation activities only constitutes a small proportion.

11p longtimenosee09 08-04-2024 5 2   Download

Thanks to the government’s concerted efforts in boosting socio-economic recovery, in the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023. A proactive fiscal policy supporting short-term demand, removing barriers to the implementation of public investment, and addressing infrastructure constraints can help the economy achieve targets and promote long-term growth.

8p longtimenosee09 08-04-2024 2 2   Download

The study specifically focuses on researching the experience of other countries such as The United Kingdom, Denmark, India in using fiscal policies and monetary policies. Some recommendations for Vietnam are offered to deal with the epidemic as well as smooth fluctuations of the economy.

11p longtimenosee09 08-04-2024 4 2   Download

In recent years, sustainable development has been an indispensable requirement for all countries. The process of public finance reform in Vietnam requires the full and timely provision of information on long-term sustainable finance in the public sector. Reporting on the long-term sustainability of public finance is an extremely important requirement, closely related to national development requirements and international economic integration requirements.

8p longtimenosee09 08-04-2024 4 2   Download

In an attempt to assist countries in formulating fiscal policies that ensure the realization of national priorities and the operation of sustainable development agenda at the national level, the UN proposed a new tool, the Integrated National Financing Frameworks. This paper is an effort to apply the Framework in assessing the readiness of the planning and budgeting system to mainstream GEWE objectives and proposing practical solutions to increase the readiness and transform it into actions.

15p cotieubac1004 14-03-2024 1 1   Download

Continued part 1, part 2 of ebook "Generational accounting: Theory and application" provides readers with contents including: Chapter 5 - The intertemporal state of german public finances; Chapter 6 - immigration policy and fiscal sustainability; Chapter 7 - Options for social security reform; Chapter 8 - Whither generational accounting;...

170p mocthanhdao0210 19-11-2023 5 4   Download

Ebook "Government and the economy: An encyclopedia" looks at the changing role of American government in the economy, from determining the measurements of economic health, to being mindful of corporate sustainability, to legislating business practices and consumer affairs. This comprehensive collection of essays draws from the contributions of 25 economic scholars along with seasoned educators David A. Dieterle and Kathleen C. Simmons to examine economic systems and the factors that influence them.

606p mocthanhdao0210 19-11-2023 6 3   Download

Ebook "Generational accounting: Theory and application" gives a complete and up-to-date introduction to the theory and practice of the method. It reveals deficiencies of the original residual concept and discusses various measures of intergenerational redistribution based on the recent sustainability approach to generational accounting. An application using data on German public finances serves to provide an in-depth explanation and practical illustration of the technique.

269p loivantrinh 29-10-2023 5 3   Download

Fiscal space is commonly defined as the budgetary room that allows a government to provide resources for public purposes without undermining fiscal sustainability. The concept of fiscal space was used extensively in the health, education sectors in the context of the Millennium Development Goals. In particular, the study defined view and research oriented public expenditure for science and technology in agriculture is suitable for the development of fiscal space. This is the content which will be discussed in this article.

5p tethientran 27-07-2023 6 3   Download

The impact on the three fiscal indicators (oil revenue, government expenditure, and deficit-GDP ratio) is positive. The study therefore recommends the repeal of the Nigerian petroleum fiscal policy with the new price sliding royalty to encourage investment and development of the petroleum sector.

8p caygaocaolon11 18-04-2021 15 1   Download

A number of implications arise from this study: (1) Accounting for breaks in cointegration analysis and in the estimation of the level relationship between spending and revenue is very important because ignoring breaks may lead to an overestimated slope coefficient and hence a bias on the magnitude of fiscal deficit sustainability. (2) In testing for cointegration between spending and revenue, assuming a constant cointegrating slope when it is actually time-varying can also be misleading because deficits can be sustainable for a period of time and unsustainable over another period.

17p nguaconbaynhay11 07-04-2021 17 2   Download

In this study, cross-section dependence and heterogeneity are controlled while estimating the fiscal reaction function, which shows how governments react to the accumulation of public debt. The study employs the common correlated effects mean group estimator in Pesaran (2006) for a panel of 22 developing Asian economies for the period 1999‒2017.

15p nguathienthan5 03-06-2020 8 1   Download

This paper employs the regime-switching model-based fiscal sustainability test of Aldama and Creel (2017, 2018) which extends Bohn’s (1998) fiscal reaction function approach. There is evidence of a regime-switching fiscal rule in Sri Lanka for the period 1961-2017. Nonsustainable fiscal regime is identified only in two periods - 1978-1983 and 1986-1990 - while the other periods are defined by sustainable regimes.

29p caygaocaolon4 04-04-2020 16 3   Download

This paper examines the relationship between fiscal deficit and economic growth for the period 1950-51 to 2014-15 in case of Odisha. The empirical result of Johansen-Juseilius cointegration approach established the long run association between fiscal deficit and economic growth and through VECM model we conclude unidirectional causality that runs from fiscal deficit to economic growth both in the short run and long run. This empirical finding goes in favor of Keynesian school of thought.

7p trinhthamhodang2 21-01-2020 16 0   Download

The findings, on the ground of analyzing institutional factors, demonstrate that no sustainability, as well as potential risk, is reflected by Vietnam’s public debt and fiscal policy.

25p danhnguyentuongvi27 18-12-2018 25 0   Download

Employing endogenous growth model, panel data from 62 provinces and cities in 2000-2011 and PMG and Arellano-Bond difference GMM, the research analyzes empirically the relationship between the fiscal policy and economic growth in Vietnam.

22p danhnguyentuongvi27 18-12-2018 28 0   Download

The paper analyzes changing demographics and changes for old age support in Vietnam, and suggests some solutions for the issues, notably: a more coherent approach to old-age support, deeper consolidation of delivery systems in the interests of efficiency, transparency and client friendliness, more humane and fiscally sustainable aged and long-term care systems built around a system of home- and community-based care. The role of government will remain paramount both in short and long terms, but non-state providers would gradually be expected to player more of such a role.

9p thanos1 16-05-2018 44 2   Download

Chapter 11 - Economic growth and the investment decision. This chapter describe and compare factors favoring and limiting economic growth in developed and developing economies, describe the relationship between the long-run rate of stock market appreciation and the sustainable growth rate of the economy, explain the importance of potential gross domestic product (GDP) and its growth rate in the investment decisions of equity and fixed-income investors,...

26p allbymyself_10 03-03-2016 71 2   Download

This raises the question, how can such accumulation be sustained and what happens when it stops? Conversely in a downturn: very large public-sector deficits are made inevitable by the private-sector’s return to net saving. But how long will public policymakers, unaccustomed to thinking about these relationships, tolerate those deficits? The question is important, since if for political reasons they do not, the economy may collapse. On the international side, the willingness of foreigners to hold US govern- ment bonds as reserve assets creates a counterpart in the U.S.

14p loginnhanh 22-04-2013 49 4   Download