|
Books > Money & Finance > Public finance
This timely book explores the measurement and consequences of
financialisation, as well as its driving forces, to take a fresh
look at reconciling the twin concepts of financialisation and
financial development. Imad Moosa provides a critical review of
these two separate strands – the individual measures of economic
development and financialisation – on the grounds that they are
inadequate to represent a multi-dimensional process. Introducing a
new composite measure encompassing the means of payment and asset
ownership as well as conventional indicators, Moosa expertly
investigates the economic, political and social consequences of
financialisation. Identifying the driving forces of
financialisation, he concludes that there is a requirement to
reverse the current trend using more than just legislation and
regulation to secure a sound and stable economy. This innovative
book will be a fascinating and informative read for academics and
research students of financial economics, regulation and economic
sociology. Policy makers and politicians engaged in financial
regulation will find the suggested insights into achieving future
financial stability thought-provoking.
Presenting innovative modelling approaches to the analysis of
fiscal policy and government debt, this book moves beyond previous
models that have relied upon the assumption that various
age-specific rates and policy variables remain unchanged when it
comes to generating government expenditures and tax revenues. As a
result of population ageing, current policy settings in many
countries are projected to lead to unsustainable levels of public
debt; Tax Policy and Uncertainty explores models that allow for
feedbacks and uncertainty to combat this. Applicable to any
country, the models in the book explore the optimal timing and
extent of tax changes in the face of anticipated high future debt.
Chapters produce stochastic debt projections, including probability
distribution of debt ratios at each point in time. It also offers
important analysis of fiscal policy trade-offs as well as providing
advice on when and by how much tax rates should be increased.
Economics scholars focusing on fiscal policy will appreciate the
improved models in this book that allow both for uncertainty and
feedback effects arising from responses to increased debt. It will
also be helpful to economic policy advisors and economists in
government departments.
Fifty years on from the introduction of Value Added Tax (VAT)
across the European Union and its Member States, this comprehensive
book provides a practical commentary on, and analysis of, the
harmonised system of VAT in the EU. This meticulously researched
reference work not only analyses legislation and case law, but also
examines them in the broader context of the operation of EU law.
Written by a team of expert practitioners led by KPE Lasok QC, an
authority on European law with extensive practical experience of
VAT and Customs cases, this book includes a detailed discussion of
the relevant case law of the Court of Justice of the European
Union, considering cases critically with a view to identifying
underlying trends and principles. Key features include:
consideration of the broader context in which EU law operates
comprehensive, simultaneous analysis of legislation and case law
critical examination of principles underpinning relevant case law a
definitive exposition of the present state of the harmonised EU VAT
system. EU Value Added Tax Law will prove to be an indispensable
source of practical knowledge and background information for tax
practitioners advising clients and in-house tax advisers assisting
their employers in relation to VAT in the EU, as well as officials
of tax authorities in EU Member States. Academics researching or
teaching VAT will also find this book's detailed and critical
coverage invaluable. Contributors include: S. Black, E. Hellier, T.
Lall, KPE Lasok, H.L. McCarthy
Combining theoretical and practical aspects of policy analysis,
this book evaluates actual and proposed policy reforms to income
tax and transfer systems, using a behavioural tax microsimulation
model. It highlights how these models allow for the full details of
tax systems and the considerable population heterogeneity that is
found in practice. John Creedy and Penny Mok look at how such
models can be used to obtain summary measures that are relevant in
tax debates. These include elasticities of labour supply and
measures of the welfare effects of tax changes, in terms of excess
burdens. Chapters further examine how models can be used to search
systematically, across a range of policy changes, for
revenue-neutral reforms which result in an improvement, in terms of
an explicit evaluation function. This will be a timely read for
students of public finance, welfare and labour economics. The
careful attention paid to metrics used in policy evaluations will
also make this a useful book for researchers and policy advisors
concerned with income taxation, social transfers, inequality and
poverty measurement.
For readers interested in an overview of what led to the adoption
of the European Union's Multiannual Financial Framework (MFF) and
its aftermath, this book traces the discursive dynamics and
milestones of the negotiations around the MFF and the new recovery
instrument, aimed at alleviating the economic crisis caused by the
Coronavirus pandemic. Covering the negotiations of the current MFF,
contributions by both scholarly experts in their respective policy
areas and authors close to the policy community in Brussels provide
a well rounded insight into this discerning topic. Chapters explore
the issues that unfolded during the negotiations of the MFF and
recovery package against the backdrop of conflicts over solidarity,
identity and sovereignty and thus the scope of cooperation and
membership as well as institutional design and authority. EU
Policymaking at a Crossroads anticipates, describes and
discursively explains changes in selected policy areas, looking
into the negotiations, effects and reflections surrounding them.
This timely book will be a highly beneficial read for academics and
students in the fields of international relations, European
politics and public policy. Scholars specializing in multilevel
governance of different policy areas such as sustainability,
agriculture and migration will also profit from this comprehensive
book.
Contains analyses that are designed to highlight specified subject
areas or provide other significant presentations of budget data
that place the budget in perspective. This volume includes economic
and accounting analyses; information on federal receipts and
collections; analyses of federal spending; information on federal
borrowing and debt; baseline or current service estimates; and
other technical presentations.
Elgar Advanced Introductions are stimulating and thoughtful
introductions to major fields in the social sciences, business and
law, expertly written by the world's leading scholars. Designed to
be accessible yet rigorous, they offer concise and lucid surveys of
the substantive and policy issues associated with discrete subject
areas. This Advanced Introduction presents the modern theories of
corporate finance. Its focus on core concepts offers useful
managerial insights, bolstered by recent empirical evidence, to
provide a richer understanding of critical corporate financial
policy decisions. Key features include: A modern approach to
corporate financial theory and evidence Key research presented in a
structured manner Concepts explained in an intuitive,
example-filled manner that does not require a strong mathematics
background Detailed references for those wishing further reading on
particular topics. Within business programs, the book offers an
insightful introduction for courses on corporate finance, but also
can be employed as a supplementary text in broader business
courses. Experienced managers in financial functions will find the
book a useful review and update of material developed since earning
their degrees. Given the increasing use of cross-functional teams
within the business community, the book provides a richer
understanding of corporate financial policy choices for managers
across a broad array of business functions.
This groundbreaking book analyzes how the ecology of taxation is
fundamental for the success or failure of tax systems. It
specifically focuses on the role of the ecological environment on
taxation; the factors that determine the ecology of taxation; and
how the ecology of taxation has changed and may continue to evolve.
Income taxes operate well in highly industrialized countries,
characterized by large enterprises, modern accounting, thousands of
workers and tangible products. There are great difficulties,
however, when they operate in countries with higher levels of
informality. Vito Tanzi addresses this effect and the influence of
economic structure; the income distribution; globalization;
technology; and various other main elements that determine the
ecology of taxation. The implicit, important conclusion is that
there are no permanent or universal optimal tax theories: all
theories are related to this ecology. Students of taxation from
various fields and economists interested in taxation and public
finance will appreciate this book's new perspective on success and
failure of taxes and tax systems. It will also serve as a useful
resource for tax historians, policy experts, teachers, and tax
theorists.
Public private partnerships (PPPs) have been a controversial
approach to procuring public infrastructure services. Against a
background of recent trenchant criticism of PPPs, Mervyn K. Lewis,
a leading scholar in the area, re-examines their utility. He
questions what PPPs can and cannot do, why governments choose this
route and whether PPPs can ever be good value for money. The author
analyses the extensive use of PPPs for hospitals and transport
megaprojects and outlines the key challenges to implementing them,
shaping the future direction of the PPP model. Exploring the
psychological influences on decision-making, the book also puts a
new focus on the people delivering the project; it is not only a
matter of selecting the right model. Professor Lewis concludes
that, although the PPP model remains problematic, if chosen
appropriately every procurement approach has its place in good
policy. Providing an in-depth exploration of the features of PPPs
and the complexities of megaprojects, Rethinking Public Private
Partnerships will be of considerable interest to academics and
students of public policy, economic regulation and governance, and
public finance. Its re-assessment of the field will also prove
invaluable for government procurers, advisory firms and PPP
experts.
Large infrastructure projects often face significant cost overruns
and stakeholder fragmentation. Public-Private Partnerships (PPPs)
allow governments to procure long-term infrastructure services from
private providers, rather than developing, financing and managing
infrastructure assets themselves. Aligning public and private
interests and institutional logics to create robust, decades-long
service contracts subject to shifting economic and political
contexts is a significant cross-sectoral governance challenge. This
work summarizes over a decade of research conducted by scholars at
Stanford s Global Projects Center and multiple US and International
collaborators to enhance the governance of both infrastructure
projects and institutional investors, whose long term, cash flow
obligations align especially well with the kinds of long term
inflation-adjusted returns that PPP infrastructure projects can
generate. In these pages, multiple theoretical perspectives are
integrated and combined with empirical evidence to examine how
experiences from more mature PPP jurisdictions can help improve PPP
governance approaches worldwide. The information contained here
will appeal to engineering, economics, political science, public
policy and finance scholars interested in the delivery of
high-quality, sustainable infrastructure services to the citizens
in countries with established and emerging market economies.
Officials in national, state/provincial and local government
agencies seeking alternative financing and service provision
strategies for their civil and social infrastructure, and
legislators and their staff members interested in promoting PPP
legislation will find this book invaluable. It will also be of high
interest to long-term investment professionals from pension funds,
sovereign funds, family offices and university endowments seeking
to deploy money into the infrastructure asset class, and
practitioners seeking insights into methods for enhancing
stakeholder incentive alignment, reducing transaction costs and
improving project outcomes in PPPs. Contributors: B.G. Cameron, G.
Carollo, C.B. Casady, E.F. Crawley, K. Eriksson, W. Feng, M.J.
Garvin, K.E. Gasparro, R.R. Geddes, W.J. Henisz, D.R. Lessard, R.E.
Levitt, T. Liu, A.H.B. Monk, D.A. Nguyen, C. Nowacki, W.R. Scott,
R. Sharma, A.J. South
VAT: An Introduction initiates students and practitioners into the South African value-added tax (VAT) system by guiding them through the basic principles of the Value-Added Tax Act 89 of 1991 (VAT Act). It covers the processes to be followed when dealing with VAT and sheds light on the most important case law and VAT legislation.
Complex concepts and the key objectives and principles of the VAT system are explained simply and clearly, without using unnecessary jargon. This makes VAT: An Introduction suitable for anyone who has to apply basic VAT principles in a business environment or provide general VAT advice and assistance.
The book is also an excellent study guide for students. It will help students understand the mechanics of the South African VAT system and the practical implications of VAT. Students and practitioners will find the revision questions at the end of each chapter useful to test their understanding and knowledge of the fundamentals of VAT.
Based on the synthesis of a large empirical and theoretical
literature on center-region relations in China and Russia,
Federalism in China and Russia is one of the first attempts to
integrate this literature from different disciplines into a
coherent common framework. Libman and Rochlitz argue that the
divergence in growth performance between Russia and China can be -
at least partially - explained by a number of features of the
Chinese system of center-regional relations. The authors offer a
comparative analysis of the development of center-region relations
in Russia and in China and explore several dimensions of these
relations: fiscal ties and incentives; bureaucratic practices;
flows of information; and local government practices, while
addressing the determinants of divergence between both countries.
They also examine how the Chinese system has recently started to
change, by adopting several features of the Russian model, which
might be one of the reasons for China's declining growth
performance in recent years. Federalism in China and Russia should
be read by scholars in public economics, political economy and
comparative politics, as well as by students and policy analysts.
For scholars, the book serves as a point of reference in studying
the comparative evolution of the two countries. It will enrich the
discussion on fiscal federalism, center-region relations and
sub-national political regimes, and could potentially become an
important part of syllabi in political economy, public economics
and comparative politics courses. For policy analysts, the book
offers a comprehensive survey of the evolution of center-periphery
relations of the two countries and the differences between them,
which is important to better understand the overall development of
Russia and China.
Contains analyses that are designed to highlight specified subject
areas or provide other significant presentations of budget data
that place the budget in perspective. This volume includes economic
and accounting analyses; information on federal receipts and
collections; analyses of federal spending; information on federal
borrowing and debt; baseline or current service estimates; and
other technical presentations.
This book was born of a demand from academics, practitioners and
students for an authoritative work on the subject of financial
management with a South African background and covers all aspects
of finance, both at central and local government level. The
approach followed is normative/descriptive, and the content is
presented in a universally applicable manner.;Experts in the field
will find the work indispensable, and members of municipal councils
and legislative authorities, officials and members of the public
who take an interest in central and local government affairs, will
find it most instructive.
As the main overview book of the FY 2023 Budget, this volume
contains the Budget Message of the President, information on the
President's priorities and budget overviews by agency, and summary
tables. From large corporations and small business companies
interested in developing new products for specific markets to
policy makers, contractors, and federal agency personnel, this
reference may be the go-to-resource to have at your hands for 2023
federal spending priorities.
Innovative in its approach, Rethinking Public Choice reviews the
concept of public choice since the 1950s post-war period and the
application of economics to political practices and institutions,
as well as its evolution in recent years attracting contributions
from political science and philosophy. Examining the growing
variety of theoretical orientations on the topic, such as entangled
political economy and additive political economy, the book provides
new analytical insights into combining the old and new to establish
a more unified political economy. Richard E. Wagner expertly
highlights the key issues an entangled economy can bring, including
incomplete information and its constant evolution as it reflects
ever changing public choice ideas. Wagner seeks to extend the reach
of public choice by distinguishing the formal idea of rationality
that has dominated public choice from the immensely varied practice
of human action that opens up now directions for public choice.
This insightful approach will prove an excellent resource for
academics and scholars of economics and political science, as well
as those within the field of public administration as it offers an
excellent blend of all subjects.
This book's eminent editors and contributing authors provide an
accessible and engaging account of the 'new' politics of corporate
taxation, highlighting the complex and multidimensional strategies
used by activists to influence public opinion, formal regulation
and corporate behaviour. While campaigning is successful at
exposing tax avoidance, it presents significant governance
challenges. As this book reveals, the battle to establish fair and
sustainable corporate tax regimes has only just begun. Chapters
offer readers a timely assessment of the emerging role of new tax
justice NGOs, the media and whistleblowers, as well as new
governance strategies and policies targeting multinational
corporations. Through the lens of political science, the authors
show how civil society organisations shape the agenda of tax
practices of the world's largest and most powerful corporations,
including examples such as Apple and Google. A detailed evaluation
is given of new private governance initiatives in the international
tax arena and their relationship with traditional forms of
regulation. Looking closely at the wider significance of the debate
in contemporary global governance, academics and graduates in the
fields of international political economy, global governance,
development studies and taxation will find this book a timely and
thought-provoking read. Contributors: A. Christians, R. Eccleston,
A. Elbra, F. Gale, L. Johnson, A. Kellow, L. Latulippe, J. Mikler,
H. Murphy-Gregory, T. Porter, K. Ronit, L. Seabrooke, L. Smith, J.
Van Alstine, D. Wigan, R. Woodward
The public finance branch of economics has seen a great deal of
change in prevailing attitudes regarding the role of the market and
the role of government in countries with democratic institutions
and market economies. Different functions have been added, over the
past century, and especially after World War II, to the role that
the government should play. The laissez faire ideology of the past,
that minimized the government role, was progressively abandoned
until the last two decades of the 20th century, when there was an
attempt to reduce the ambitious role that the government had
assumed, and to give a growing role back to the market. This book
explains how changes in both the market and the government have
made public finance a more challenging, interesting and at times
frustrating branch of economics. It provides a cosmopolitan
perspective and details the part that historical developments have
played in shaping modern views. The author explores the real life,
practical nature of public finance and de-emphasizes the role of
armchair theorizing by focusing on real issues that are seen from a
community rather than an individualistic perspective. The Advanced
Introduction to Public Finance offers a fresh look at the field for
students, researchers and policymakers in economics, public
administration, taxation, policy and economic history.
Large infrastructure projects often face significant cost overruns
and stakeholder fragmentation. Public-Private Partnerships (PPPs)
allow governments to procure long-term infrastructure services from
private providers, rather than developing, financing and managing
infrastructure assets themselves. Aligning public and private
interests and institutional logics to create robust, decades-long
service contracts subject to shifting economic and political
contexts is a significant cross-sectoral governance challenge. This
work summarizes over a decade of research conducted by scholars at
Stanford s Global Projects Center and multiple US and International
collaborators to enhance the governance of both infrastructure
projects and institutional investors, whose long term, cash flow
obligations align especially well with the kinds of long term
inflation-adjusted returns that PPP infrastructure projects can
generate. In these pages, multiple theoretical perspectives are
integrated and combined with empirical evidence to examine how
experiences from more mature PPP jurisdictions can help improve PPP
governance approaches worldwide. The information contained here
will appeal to engineering, economics, political science, public
policy and finance scholars interested in the delivery of
high-quality, sustainable infrastructure services to the citizens
in countries with established and emerging market economies.
Officials in national, state/provincial and local government
agencies seeking alternative financing and service provision
strategies for their civil and social infrastructure, and
legislators and their staff members interested in promoting PPP
legislation will find this book invaluable. It will also be of high
interest to long-term investment professionals from pension funds,
sovereign funds, family offices and university endowments seeking
to deploy money into the infrastructure asset class, and
practitioners seeking insights into methods for enhancing
stakeholder incentive alignment, reducing transaction costs and
improving project outcomes in PPPs. Contributors: B.G. Cameron, G.
Carollo, C.B. Casady, E.F. Crawley, K. Eriksson, W. Feng, M.J.
Garvin, K.E. Gasparro, R.R. Geddes, W.J. Henisz, D.R. Lessard, R.E.
Levitt, T. Liu, A.H.B. Monk, D.A. Nguyen, C. Nowacki, W.R. Scott,
R. Sharma, A.J. South
|
You may like...
Cross The Line
Luke Goss, Mischa Barton, …
DVD
R30
Discovery Miles 300
|