• 제목/요약/키워드: Fiscal Policy

검색결과 153건 처리시간 0.026초

Output and Real Exchange Rate in Developing Countries: Evidence from China

  • Huan, Xingang;He, Yugang
    • 산경연구논집
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    • 제8권5호
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    • pp.7-13
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    • 2017
  • Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors tries to investigate the correlation among economic variables under the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.

중소.Venture 기업(企業)의 윤리경영(倫理經營)이 재무성과(財務成果)에 미치는 영향(影響) (The Effects Of Ethics Management on Financial Business Performance in Small and Venture Business)

  • 황진욱;오상영
    • 한국산학기술학회논문지
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    • 제7권6호
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    • pp.1348-1355
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    • 2006
  • 본 연구는 벤처기업의 윤리경영과 재무성과와의 관계를 검증하기 위하여 현재 벤처기업인증을 득하고 있거나, 과거에 득한 적이 있는 기업 200개를 무작위로 선정하여 설문을 실시하였다. 윤리경영에 대한 평가지표로는 CEO의 윤리경영 의지, 공정성(Fairness), 투명성(Transparency), 건전성(Soundness)을 독립변수로 재무성과(Financial Performance)를 종속변수로 사용하여 회귀분석을 실시하였다 그 결과 공정성이 재무성좌에 가장 큰 영향을 미치는 반면에 건전성이 가장 적은 영향을 미치는 것으로 나타났다.

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The Effect of Government Expenditure on Unemployment in India: A State Level Analysis

  • NEPRAM, Damodar;SINGH, Salam Prakash;JAMAN, Samsur
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.763-769
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    • 2021
  • The relationship between government size and unemployment is an important topic of study in economics. Large public expenditure has been blamed for causing higher unemployment contrary to the belief that it would help in reducing unemployment. More research on the topic, however, needs to be done as the available literature has been based largely on data from developed countries. The present paper examines the existence of the relationship in states of India by using panel data analysis. For more comprehensive study, public expenditure is divided into development, non-development, and aggregate expenditures, while the types of unemployment under consideration are usual status and current weekly status. Indeed, it has been observed that development and non-development expenditures increase both the types of unemployment though the impact of the latter is higher. The findings are important as it implies that a cut in expenditure can be an important fiscal tool to fight unemployment. It was further observed that unemployment was higher among states with a more educated population, which also suggests a revisiting of the education policy in the country. States ruled by left parties have higher unemployment rate. Higher income states as well as states with higher growth rate tend to have lower unemployment rate.

The Trend of Tax Avoidance: Evidence from Manufacturing Companies in Indonesia

  • OKTAVIANI, Rachmawati Meita;LUKITO, Pratiwi Chyntia;ZULAIKHA, Zulaikha;YUYETTA, Etna Nur Afni
    • The Journal of Asian Finance, Economics and Business
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    • 제9권2호
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    • pp.169-175
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    • 2022
  • Unexpected events, such as the COVID-19 pandemic, can occur at any time and have an influence on all countries. The COVID-19 pandemic has infected more than 200 nations, including Indonesia. As a result of this phenomenon, Indonesia's state revenue system will need to be adjusted. Therefore, the goal of this research is to see if there are any differences in taxation in Indonesia as a result of the COVID-19 incident. The data was collected using the base years of 2018, 2019, and 2020. The information came from the financial statements of companies in the industrial sector that are publicly traded on the Indonesian Stock Exchange (IDX). Purposive sampling was used, and there were 54 companies represented in the samples that met the criterion. In this study, the difference test was used as an analytical technique. According to the findings, there was no difference in the pattern of tax avoidance between pre-COVID-19 in 2019 and during the COVID-19 period in terms of leverage and fixed asset intensity. It occurred because the tax avoidance policy was implemented as a short-term fiscal strategy to ensure the company's existence. Finally, because these findings were restricted to the Indonesian environment, their generalizability was limited.

Comparison of Asset Management Approaches to Optimize Navigable Waterway Infrastructure

  • Oni, Bukola;Madson, Katherine;MacKenzie, Cameron
    • 국제학술발표논문집
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    • The 9th International Conference on Construction Engineering and Project Management
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    • pp.3-10
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    • 2022
  • An estimated investment gap of $176 billion needs to be filled over the next ten years to improve America's inland waterway transportation systems. Many of these infrastructure systems are now beyond their original 50-year design life and are often behind in maintenance due to funding constraints. Therefore, long-term maintenance strategies (i.e., asset management (AM) strategies) are needed to optimize investments across these waterway systems to improve their condition. Two common AM strategies include policy-driven maintenance and performance-driven maintenance. Currently, limited research exists on selecting the optimal AM approach for managing inland waterway transportation assets. Therefore, the goal of this study is to provide a decision model that can be used to select the optimal alternative between the two AM approaches by considering key uncertainties such as asset condition, asset test results, and asset failure. We achieve this goal by addressing the decision problem as a single-criterion problem, which calculates each alternative's expected value and certain equivalence using allocated monetary values to determine the recommended alternative for optimally maintaining navigable waterways. The decision model considers estimated and predicted values based on the current state of the infrastructure. This research concludes that the performance-based approach is the optimal alternative based on the expected value obtained from the analysis. This research sets the stage for further studies on fiscal constraints that will effectively optimize these assets condition.

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Applications of the Text Mining Approach to Online Financial Information

  • Hansol Lee;Juyoung Kang;Sangun Park
    • Asia pacific journal of information systems
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    • 제32권4호
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    • pp.770-802
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    • 2022
  • With the development of deep learning techniques, text mining is producing breakthrough performance improvements, promising future applications, and practical use cases across many fields. Likewise, even though several attempts have been made in the field of financial information, few cases apply the current technological trends. Recently, companies and government agencies have attempted to conduct research and apply text mining in the field of financial information. First, in this study, we investigate various works using text mining to show what studies have been conducted in the financial sector. Second, to broaden the view of financial application, we provide a description of several text mining techniques that can be used in the field of financial information and summarize various paradigms in which these technologies can be applied. Third, we also provide practical cases for applying the latest text mining techniques in the field of financial information to provide more tangible guidance for those who will use text mining techniques in finance. Lastly, we propose potential future research topics in the field of financial information and present the research methods and utilization plans. This study can motivate researchers studying financial issues to use text mining techniques to gain new insights and improve their work from the rich information hidden in text data.

기초지방자치단체 보건의료 지출수준의 결정요인 (Factors of Health Care Expenditure of Local Government)

  • 박삼영;장민영;박선희;나백주;김은영;김순영
    • 보건행정학회지
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    • 제23권1호
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    • pp.59-65
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    • 2013
  • Background: The purpose of this study was to analyze the related factors which decide the percentage of health care expenditure of the total fiscal expenditure of local governments and to provide the basic data to contribute for the efficient allotment of healthcare budget. Methods: This study was conducted by the percentage of health care expenditure for 3 years by classifying a total of 230 local governments into the metropolitan cities (gu, 69), the counties (si, 75), and the boroughs (gun, 86) all over the country. With the collected data, the general characteristics of independent variables and the dependent variable were analysed using SPSS ver. 18.0, The correlation analysis and multivariate regression analysis were conducted for the characteristics of variables according to regions by year. Results: In correlation between health care expenditure by year and other variables, there was a significant positive correlation with unemployment rate, metropolitan cities (gu) and other regions, the percentage of health center personnel, health care expenditure in last year as a independent factors. On the other hand there was no correlation with social assistance recipients and the percentage of aging population, financial self-reliance, industrialization rate, suicide rate, cardiac disease mortality, cerebrovascular mortality on health care expenditure. Conclusion: The study clearly shows that health care expenditure of local governance was not correlated with health care need factors comparing social welfare expenditure.

지역 내 문화체육자원이 도시성장에 미치는 영향 연구 (The Effects of Local Cultural and Sports Resources on Urban Growth)

  • 곽정현;서원석
    • 한국콘텐츠학회논문지
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    • 제16권6호
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    • pp.706-716
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    • 2016
  • 최근 높아진 삶의 질에 대한 사회적 인식으로 여가에 대한 관심이 늘어나고 있다. 이에 따라 문화와 체육과 관련된 다양한 자원을 통해 해당 도시를 성장시키고자 하는 정책적 관심이 증가하고 있다. 본 연구는 이러한 시점에서 지역 내 문화체육자원이 도시성장에 미치는 영향을 확인하고, 이를 통한 정책적 방향을 살펴보는 것을 목적으로 하고 있다. 본 연구는 전국 228개 시군구를 대상으로 문화체육자원을 중심으로 사회 교통 공간성격의 범주에 포함되는 도시의 다양한 개별자원 지표를 이용해 지역의 인구, 산업, 재정측면의 성장에 있어서의 영향관계를 준로그 다중회귀분석을 사용해 파악하였다. 분석 결과, 문화체육자원을 포함한 다양한 지역 내 자원들은 해당 도시의 성장에 중요한 영향을 미치고 있는 것으로 나타났다. 특히 인구성장 측면에서는 공공체육시설 및 프로스포츠시설의 확충을, 산업성장 측면에서는 프로스포츠시설의 유치를 통한 지역 내 소비증가를, 재정건전성 측면에서는 연관산업에 대한 파급효과가 큰 프로스포츠시설 유치를 적극적으로 고려할 필요가 있다는 결과를 도출하였다. 이러한 결론을 통해 본 연구는 생활체육을 바탕으로 한 삶의 질 환경 조성 및 산업기반으로서의 문화스포츠 기반조성은 도시성장에 있어 중요하며, 이러한 자원을 활용한 도시성장 정책은 차세대 전략으로 지방정부가 관심을 가질만한 충분한 가능성이 있음을 확인하였다.

대학병원 의사들의 보상결정 기준으로서의 성과 측정지표에 대한 연구 (A Study on Physician Performance Measures for Financial Compensation in Academic Medical Centers)

  • 박하영
    • 보건행정학회지
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    • 제9권2호
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    • pp.21-39
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    • 1999
  • An increasing number of hospitals are seeking for new or mixed compensation strategies to improve the productivity of their medical staff in the struggle to provide high quality medical services at low costs amid the economic hardship. To motivate physicians toward the right direction, it is necessary to effectively evaluate their performance that provides a basis for compensation. However, productivity has been historically difficult to measure, particularly for physicians in academic medical centers who are expected to engage in research, education, and patient care simultaneously. The objectives of this study were to define performance measures of physicians and clinical departments in academic medical centers. to examine correlations between the measures. and to investigate factors affecting the measures. The performance data of 212 faculty physicians in 17 clinical departments in two university teaching hospitals affiliated to one medical school during the fiscal year 1994 was used for analyses. Patient care revenue, net profit. and adjusted number of patients were defined to measure the performance in patient care. and number of articles published in academic journals and research grant were defined for research activities. Both individual physicians' performance measures and per physician measures of clinical departments were analyzed. All measures defined to evaluate individual physicians' performance were positively related to each other. Clinical department and rank of faculty position were statistically significant predictors of revenue. and hospital. clinical department. and rank were significant predictors of net profit. journal publication. and research grant. Patient care measures defined to evaluate clinical departments were related to each other. so were research measures. and no significant correlations were found between patient care measures and research measures. Also found were large differences in department. ranks when clinical departments were evaluated by absolute per physician performance measures and evaluated by annual rate of changes in performance measures. These findings suggest that departmental performance measures opposed to individual performance measures are relatively free from problems of factors affecting the performance measures that are not in control of clinical departments or individual physicians. Results from the correlation analysis of departmental performance measures indicates that measures of research performance should be included in the evaluation to promote research activities in academic medical centers.

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정치적 제도가 교육정책에 중요한가?: 미국의 차터스쿨 성장으로부터의 시사점 (Do Political Institutions Matter to Education Policy?: Lessons from Charter School Growth in the United States)

  • 조기웅;박종선
    • 디지털융복합연구
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    • 제19권12호
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    • pp.133-143
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    • 2021
  • 차터스쿨을 통한 혁신 사회 지속가능성에도 불구하고, 차터스쿨은 여전히 복잡한 정치 상황 아래에서 성장과 쇠퇴를 반복하고 있다. 2011경에 일어난 차터스쿨의 성장에도 불구하고, 이를 정치적인 관점에서 연구한 연구는 찾아 보기 힘들다. 따라서 정치제도와 정치시장 분석틀을 사용하여, 본 연구는 미국의 주정부 자료를 바탕으로 정치적 제도와 차터스쿨 성장과의 관계를 회귀분석을 활용하여 분석하였다. 그 결과 주지사의 소속정당은 차터스쿨의 수에 영향을 미치고 있었으며, 민영화지지 단체, 주지사의 소속정당과 1인당 소득은 차터스쿨의 집행 점수에 통계적으로 유의미한 관계를 나타냈다. 또한 주정부 내 교원 노동조합의 등록비율, 주지사의 소속정당과 1인당 소득은 차터스쿨의 보장된 재정지원에 영향을 미치는 중요한 요인으로 작용하였다. 결국, 본 연구의 결과를 통해 정치적 제도가 교육에 중요한 요소임을 확인할 수 있었다.