No abstract
Increasing domestic revenue mobilization remains a challenge for many governments, particularly in low-income countries. Using a sample of East African countries, the study sets off to investigate the impact of financial development from a multi-dimensional perspective on tax revenues for the period 1990 to 2014, and how political development and the control of corruption would enhance the observed nexus. The dynamic panel results from the system GMM estimation approach indicate a significant role of financial development overall and the financial institutions and financial markets in particular. A disaggregation of the duo suggests that it is the depth of financial institutions that greatly matters for tax revenue, with a one per cent change expected to yield about 0.26 per cent change in tax collections. It is then followed by their level of accessibility, financial market depth and efficiency. We fail to find significant evidence in support of financial market access and financial institutions efficiency although the possibility for the latter seems indismissible. Further evidence points to the catalytic nature of a good institutional and political environment in pursuit of higher tax-GDP ratio via financial development. Policies to promote the depth and accessibility of financial institutions as well the depth and efficiency of financial markets in East Africa alongside well-focused anti-corruption programs and democratic governance are likely to yield better fiscal outcomes in terms of domestic tax revenues critically needed to achieve the United Nations Sustainable Development Goals. We also confirm the positive role played by the lagged tax revenue, per capita GDP, trade openness, debt-to-GDP ratio and population density in the tax effort.
Some of the problems associated with large housing estates in Western Europe are emerging in Slovenia. Others, such as vacancies and high turnover, have yet to become significant problems in Slovenia. Moreover, the problems arising from poor construction are far less prevalent in Slovenia than in the West due to greater regulating control over construction standards after 1963 aimed at protecting buildings from earthquakes. Following the extensive privatization of the social housing stock after 1991, a range of new problems have emerged in Slovenia. There are already indications that the unsuccessful handling of maintenance problems after the introduction of housing reform, coupled with the absence of relevant legislative backup, may lead to the worsening of living conditions in some of the country's large housing estates. Owing also to the growing socio-economic polarization of the inhabitants as a consequence of the shift to a market-based economy, the transition period has also been marked by a slow but steady trend of outward migration of better-off households from large housing estates to more favourable locations. Consequently, there is a risk that, in the first place, the large housing estates might become residential enclaves of low-income households. This may, in turn, lead to their degradation and the corresponding negative attributes of such neighbourhoods. This paper discusses the outcomes of research carried out at the Urban Planning Institute of the Republic of Slovenia on the development of appropriate methods for the renovation of large housing estates. Guided by the research findings and supported by an extensive review of the various renewal strategies that have been applied in different countries, we propose a framework for the regeneration of large housing estates in Slovenia. This framework represents a comprehensive approach to housing estate renewal and improvement, extending from the physical analysis of the buildings and their surroundings to the evaluation of the measures as implemented. Proposals for administrative, legislative and financial measures necessary to support the framework are also put forward.Housing Renewal, Housing Management, Slovenia,
Various studies indicate that the elderly are unwilling to move, while health issues are one of the important factors influencing decisions to move. In our study, we tested the willingness of the elderly to accept various housing options based on a large quantitative survey of persons aged 50 and above conducted in 2015 in Slovenia. Our focus was on the respondents' attitudes to different housing options, especially less-wellknown options such as senior cohousing, household groups, family caregiving for elderly people and multigenerational residential buildings. This is relevant for the future development of housing and care policies because in a majority of countries housing markets will need to adapt to the growing elderly populations and their diversified needs. We employ cluster analysis to analyze which housing options are acceptable, how people can be grouped regarding the acceptability of moving house, and the characteristics of these groups.
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