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Books > Business & Economics > Finance & accounting > Finance > Public finance
Public administration is under increasing pressure to become more
efficient, better geared to the demands and opinions of citizens,
more open to contacts with transnational bureaucracies, and more
responsive to the ideas of elected policymakers. Bureaucracy in the
Modern State offers a comparative analysis of how these challenges
affect public administration in France, the United States, Germany,
Japan, Britain, Sweden and the developing countries of the Third
World. Specialist chapters written by acknowledged experts on the
public policy of each country are brought together in a comparative
framework in order to assess the impact of recent changes on the
relationship between policy makers and the civil service, and the
organizational challenges presented by the introduction of
market-based ideology. Assessing public administration from a
state-society perspective, the authors focus on four basic factors
which they believe determine the role of the bureaucracy in modern
societies: the configuration of the state, the relationship between
policymakers and the bureaucracy, the internal organizational
dynamics of the bureaucracy, and the relationship between the
public bureaucracy and civil society. A special analysis of the
relationship between domestic and transnational bureaucracies is
also included, with particular reference made to the European
Union. Addressing one of the key public policy issues of our time,
this book will be widely used by teachers, students and researchers
who will welcome the combination of in-depth studies of selected
countries, from capitalist democracies to developing countries,
with an authoritative comparative analysis held together by a
distinct theoretical framework.
The global financial crisis had a dramatic short-term effect on
federal relations and, as the twelve case studies in this
illuminating book show, set in place a new set of socio-political
factors that are shaping the longer-run process of institutional
change in federal systems. The Future of Federalism illustrates how
an understanding of these complex dynamics is crucial to the
development of policies needed for effective and sustainable
federal governance in the 21st century. The book finds that growing
fiscal pressures are interacting with domestic political variables
to produce country specific federal dynamics. Arguably the first
detailed study of the medium term impact of the financial crisis
and its aftermath on federal governance, this volume highlights how
growing budget pressures are contributing to increased
centralisation in many federations, while in others national
governments are devolving power to appease regional grievances and
preserve the federal union. Contributions from leading federalism
and public finance scholars test recent theoretical explanations of
change in federal systems against the experiences of a diverse
cross-section of federal jurisdictions. The case studies include
both established federations and 'federalizing' jurisdictions, such
as the UK and China, and highlights the complex dynamics which
shape the evolution of federal governance Comprehensive and
interdisciplinary, this timely book will appeal to students and
scholars - from political science, economics and law - studying
federalism, governance studies and comparative political economy.
It is essential reading for public officials and policy makers
interested in intergovernmental relations, public finance and
budgeting and tax policy. Contributors include: J.R. Afonso, D.M.
Brown, C. Colino, T.J. Conlan, L. de Mello, E. del Pino, R.
Eccleston, R. Hortle, R. Jha, R. Krever, S. Lee, R. Mabugu, E.
Massetti, P. Mellor, J. Schnellenbach, N. Soguel, C. Wong
The relationship between public investment and regional economic
development is of perennial interest and is particularly topical
now as issues of infrastructure and innovation are high on policy
agendas in many countries. Public investment is often viewed as a
possible method for 'jump-starting' lagging regional economies and
also as a requirement for the continued development of more
prosperous regions. Public Investment and Regional Economic
Development provides a systematic analysis of the complex
relationship between public investment and regional economic
development. The authors offer new insights into the key issues of
regional growth, and present a broad variety of perspectives
ranging from transport and housing infrastructure through to human
capital and innovation. With contributions from leading regional
scientists, and each themed section of the book prefaced with an
editorial introduction to ensure coherence, this illuminating book
is sure to offer policymakers new research insights into key issues
of regional growth. Academics and researchers of urban and regional
planning, geography and economic development will also find the
book of great interest.
In recent decades, local government has become increasingly
complex. The Political Economy of Local Government draws upon
recent developments in economics, including new institutional
economics, and contemporary advances in the theories of social
capital and leadership, in order to explain local government policy
formulation. The authors go beyond the study of local public goods
to explore the sources of market failure and examine whether local
authorities are more susceptible to certain types of government
failure. In addition, a transaction cost analysis of markets,
hierarchies and networks is applied to ascertain the comparative
institutional advantage local authorities might have in the supply
of local governance. The book also considers the extent of the
influence that these recent advances in the theories of social
capital and leadership have on the process and implementation of
local government policy. This book offers a fresh and readily
accessible perspective on the political economy of local government
policy making, and will be of particular interest to students and
practitioners of economics, political science, public
administration, policy studies and local government.
This book contains eight papers focusing on factors associated with
the growth of government. There is a large literature in public
economics, especially public choice, on the determinants of the
growth of government. The papers in this volume focus on a number
of arguments related to why government has grown in many developed
countries during the nineteenth and twentieth centuries. Chapters
focus on taxation, trade openness, technology, income changes, and
tax compliance. The volume features prominent scholars such as
Nobel Laureate Gary Becker, Casey Mulligan, Gordon Tullock, Randall
Holcombe, and Tyler Cowen.
How do we incorporate analytical thinking into public policy
decisions? Stuart Shapiro confronts this issue in Analysis and
Public Policy by looking at various types of analysis, and
discussing how they are used in regulatory policy-making in the US.
By looking at the successes and failures of incorporating
cost-benefit analysis, risk assessment, and environmental impact
assessment, he draws broader lessons on its use, focusing on the
interactions between analysis and political factors, legal
structures and bureaucratic organizations as possible areas for
reform.Utilizing empirical and qualitative research, Shapiro
analyzes four different forms of analysis: cost-benefit analysis,
risk assessment, environmental impact assessment, and impact
analysis. After interviewing nearly fifty individuals who have
served in high levels of government, and who have made countless
regulatory policy decisions in their careers, Shapiro argues that
advocates must become less ambitious and should craft requirements
for simpler and clearer analysis. Such analysis, particularly if
informed by public participation, can do a great deal to improve
government decisions. As this book details the relationship between
analysis and institutional factors such as politics, bureaucracy,
and law, it is appropriate for a variety of readers, such as
scholars of policy, students, scholars of regulation, and
congressional and state legislative staff looking to create new
analytical requirements.
This book provides a comprehensive presentation on energy-efficient
management in urban rail transit system via operations research and
uncertain optimization methods. It is suitable for researchers,
engineers, and students in the fields of transport management. The
readers will learn numerous new modeling ideas on reducing tractive
energy consumption and improving regenerative energy utilization,
and find this work a useful reference.
This book offers a series of statistical tests to determine if the
"crowd out" problem, known to hinder the effectiveness of Keynesian
economic stimulus programs, can be overcome by monetary programs.
It concludes there are programs that can do this, specifically
"accommodative monetary policy." They were not used to any great
extent prior to the Quantitative Easing program in 2008, causing
the failure of many fiscal stimulus programs through no fault of
their own. The book includes exhaustive statistical tests to prove
this point. There is also a policy analysis section of the book. It
examines how effectively the Federal Reserve's anti-crowd out
programs have actually worked, to the extent they were undertaken
at all. It finds statistical evidence that using commercial and
savings banks instead of investment banks when implementing
accommodating monetary policy would have markedly improved their
effectiveness. This volume, with its companion volume Why Fiscal
Stimulus Programs Fail, Volume 2: Statistical Tests Comparing
Monetary Policy to Growth, provides 1000 separate statistical tests
on the US economy to prove these assertions.
This book provides a long-term perspective on policies regarding
intergovernmental grants in the US since the 1970s. This period
spans six presidential administrations and encompasses a diverse
set of political and economic conditions. Containing original
research, this book contributes to critical assessments of
intergovernmental grant issues such as: whether state and local
government spending responds symmetrically to increases or
decreases in federal aid the effects of converting categorical
grants to block grants on program spending; and the political
economy of federal aid distribution. >The author's empirical
analyses are based on a unique data set of US federal
intergovernmental grants and cover a range of programs, including
transportation, substance abuse prevention and treatment, and
community development and welfare. The book is a rich source of
material on intergovernmental grants and fiscal relations for
scholars and practitioners in public policy, political science,
economics and public finance.
This book examines the international political economy of China's
exchange rate policy making from theoretical and empirical
perspectives. It identifies the limitations in the existing
Economics studies on the RMB exchange rate and the research gap of
the Comparative Political Economy (CPE) and International Political
Economy (IPE) approaches to exchange rate politics. The author
develops a three-level game framework for China's exchange rate
policy making based on revision and synthesis of the existing CPE
and IPE approaches, which provides a richer portrait of the
dynamism and complexity of China's exchange rate policy making. The
book has applied the three-level game framework to empirically
analyzing China's exchange rate policy making under the Hu-Wen
administration. The book also discusses some further exploration of
China's exchange rate policy in the Xi era and comparative case
study of exchange rate policy making. It is a timely and rigorous
study on the role that international and domestic politics play in
forging China's exchange rate policy making in the twenty-first
century.
This book explores current digitalization issues in finance and
accounting with particular focus on emerging and transitioning
markets. It features models, empirical studies and cases studies on
topics such as Fintech, blockchain technology, financing renewable
energy, and XBRL usage from sectors such health care, pharmacology,
transportation, and education. Such a complex view of current
economic phenomena makes the volume attractive not only for
academia, but also for regulators and policy-makers, when
deliberating the potential outcome of competing regulatory
mechanisms.
This collection of 20 essays examines the merits of land-value
taxation and distinguishes it from the conventional property tax
because it has a more benign economic influence. It includes four
essays by William S. Vickrey, the 1996 Nobel laureate in economics.
Since the break-up of the Soviet Union in 1991, Russia has
experienced a process of rapid fiscal decentralisation: its 88
regions are now in charge of almost half of total budgetary
expenditure, while an overhaul of the revenue allocation system has
given them substantial control over locally collected revenue.
These regions are highly diverse in climate, natural resources and
economic development, with some much better equipped than others to
adjust to market conditions. Fiscal Federalism in Russia examines
the combined impact of decentralisation and diversity on regional
equality of service provision and in particular the provision of
education. The book begins with an analysis of the system of
intergovernmental transfers and goes on to explore the nature and
extent of disparities in education spending, paying particular
attention to regions where spending has fallen furthest. The book
also contains a case study of the allocation decisions affecting
the education sector within a single region, Novgorod Oblast, in
North-West Russia. Based entirely on field research, the study
provides a rare insight into the decision making process at
regional and local level, as well as an analysis of the extent of
internal revenue and spending disparities. Academics, researchers
and those interested in decentralisation or the economics of
transition will warmly welcome this detailed analysis of the
direction and impact of inter-governmental transfers in Russia.
This book focuses on the legal and social aspects of corporate
governance through doctrinal and empirical research papers
presented at the 9th International Conference on Governance Fraud
Ethics and Social Responsibility held at National Law University
Delhi in 2018. The papers encompass the internal and external
factors that affect the interests of a company's stakeholders,
including shareholders, customers, suppliers, government regulators
and management, and several other important players. The book
provides better clarity on the concept of corporate governance and
how it is intertwined with factors such as sustainability, social
responsibility and the role of government, taxation and audit, and
shareholder engagement.
Since the global financial crisis of 2008-2009, there has been a
growing interest among policy makers towards the more active role
of the state in the enterprise sector. This book provides valuable
insight into the changing role of state-owned enterprises in
economic policy, a topic at the cross section of several
interrelated, but usually independent research streams first of all
transition research, varieties of capitalism literature, public
choice approach and institutionalism studies. With the existing
literature on state ownership concentrating on the developed
economies and on selected emerging economies, this book fills an
important gap in focusing on the post-communist transition
countries. The Polish experience is looked at in a comparative
perspective of selected transition countries, which deserve special
attention as they had to cope with a radical change of their
economic policies towards the enterprise sector. This book will be
valuable reading for academics in economic policy, transition
economics, and institutional economics, and policy makers and
practitioners in EU bodies and emerging economies.
Emerging economies arguably have different socio-fiscal dynamics
compared to developed economies. On one side they have the need for
corporate interventions in national development, on the other hand,
they do not have enough research to support the agenda. In recent
times there has been a conscious effort to legislate Corporate
Social Responsibility (CSR) in some of these countries in order to
bring about sustainable development. Yet, it is this legislation,
which is debated among many others. This book provides its readers
with a comprehensive interpretation of the various CSR perspectives
in emerging economies through academic research and case studies
from practice. It not only points out the challenges, the debates,
but also the dynamics of implementation and the impact of such CSR
spent. This book therefore is targeted both towards academics as
well as practitioners in an attempt to bring about an active
academic-industry interface as CSR as a management function is part
of dynamic social science.
This book discusses Public-Private Partnerships (PPPs) and their
potential to protect and maintain critical infrastructure in a
variety of global governmental settings. Critical infrastructure is
defined as essential services that underpin and support the
backbone of a nation's economy, security, and health. These
services include the power used by homes and businesses, drinking
water, transportation, stores and shops, and communications. As
governmental budgets dwindle, the maintenance of critical
infrastructure and the delivery of its related services are often
strained. PPPs have the potential to fill the void between
government accounting and capital budgeting. This volume provides a
survey of PPPs in critical infrastructure, combining theory and
case studies to provide a comprehensive view of possible
applications. Written by a diverse group of international experts,
the chapters detail PPPs across industries such as transportation,
social infrastructure, healthcare, emergency services, and water
across municipalities from the US to New Zealand to Hong Kong.
Chapters discuss objectives and legal requirements associated with
PPPs, the potential advantages and limitations of PPPs, and provide
guidance as to how to structure a successful PPP for infrastructure
investment. This book is of interest to researchers studying public
administration, public finance, and infrastructure as well as
practitioners and decision makers interested in instituting PPPs in
their communities.
Environmental taxes are considered one of the most attractive
environmental policy instruments. However, many problems still
prevent their widespread implementation. This impressive book
offers a comprehensive, global and innovative treatment of the
environmental tax issue. The author provides detailed economic
analysis as well as practical policy suggestions and presenting
numerous examples that have been successful in addressing complex
issues as well as considering questions including: how should the
instrument be designed? what to do with the tax revenues? how taxes
could be made acceptable for industry, politicians and voters an
analysis of the ethical issues of environmental taxation. This
comprehensive treatment of environmental taxes will ensure the
book's appeal to researchers, academics and students. It will also
be of immense value to those working with the environment, as well
as providing practical solutions to implementation problems faced
by civil servants in central and local government.
Indirect taxes have become an increasingly important
revenue-raising tool for governments in developed countries. In
this book, John Creedy applies his wealth of experience and
expertise to the analysis of indirect taxes and, in particular,
concentrates on the modelling of indirect tax reform and its
distributional implications.Initially, he examines the implications
of alternative indirect tax systems and provides an introductory
survey of various measures of welfare change and excess burden in
the context of indirect taxes. He pays particular attention to the
measurement issues involved and uses partial equilibrium models to
uncover various aspects of tax reform. Specifically, he: addresses
the questions of measuring welfare changes arising from price
changes examines the built-in flexibility of various forms of
consumption taxation calculates the possible redistributive effects
of indirect taxes and illustrates his methods using case study
examples of the indirect tax system in Australia examines the
horizontal inequity of different consumption taxes considers the
optimal direction of small changes in indirect tax rates analyses
the positive and negative effects of a carbon tax Modelling
Indirect Taxes and Tax Reform will be useful to scholars and
policymakers interested in public economics and finance and
modelling taxes.
This innovative book proposes a new institutional arrangement for
government to fulfil the needs of its citizens as well as possible.
Existing aspects of federalism and direct democracy in Europe are
strengthened, and as a result future developments arising in the
region are coped with better. In this book Bruno Frey and Reiner
Eichenberger propose a new model of federalism which includes new
types of governmental units established by citizens from below.
These units are called functional, overlapping and competing
jurisdictions as they extend over task-specific areas and therefore
overlap. They also provide competitive governance via direct and
representative democratic institutions, and as jurisdictions they
have independent power over taxation policy. This new model is more
responsive to citizens' preferences and adjusts more dynamically to
provide public services efficiently. The authors suggest that this
new system should be allowed to develop in Europe to safeguard
diversity and ensure that decentralization emerges effectively. It
would also allow for the flexible integration of East European
transition economies into the European Union and may also combine
with traditional modes of government in developing countries. This
book will be warmly welcomed by economists, political scientists
and sociologists interested in the future of the European Union, by
all those studying federal systems of government, and by those
interested in the prospects for improving democratic institutions
throughout the world.
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