Fiscal Policy, State Building and Economic Development

Addison, Tony; Niño‐Zarazúa, Miguel; Pirttilä, Jukka

doi:10.1002/jid.3355

Cited by 29 publications

(16 citation statements)

References 54 publications

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“…Illicit financial flows (IFFs) constitute a major development challenge for countries in the Global South. First, while tax revenue relative to GDP has increased in the Global South, they remain low compared to high-income countries (Addison et al 2018;World Bank 2020). Without adequate revenue to spend, states are limited in providing crucial public services such as education, healthcare, and infrastructure.…”

Section: Introductionmentioning

confidence: 99%

Illicit financial flows and the Global South: A review of methods and evidence

Brandt¹

2020

WIDER Working Paper

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Illicit financial flows (IFFs) constitute a major challenge for development in the Global South, as domestic resource mobilization is imperative for providing crucial public services. While several methods offer to measure the extent of IFFs, each has its benefits and drawbacks. Critically, methods based on the balance of payments identity may capture licit as well as illicit flows, and a method based on macroeconomic trade discrepancies suffers from doubtful assumptions. The most convincing estimate to date demonstrates that individuals hold financial assets worth around ten per cent of global GDP in tax havens. Evidence further indicates that countries in the Global South are more exposed to individuals and multinational enterprises illicitly transferring money out of the country. Further research is warranted on profit shifting out of countries in the Global South and the effectiveness of anti-IFF policies in countries outside Europe and the United States.

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Section: Introductionmentioning

confidence: 99%

Illicit financial flows and the Global South: A review of methods and evidence

Brandt¹

2020

WIDER Working Paper

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“…It may vary depending on the socio-economic and political direction of the region at a specific stage of development [7].…”

Section: Development Strategymentioning

confidence: 99%

Economy development of the Russian Federation regions at the present stage

Sadykov

2019

SHS Web Conf.

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At the present stage of market relations development for the scientific substantiation of economic reforms, the regional economy is of particular importance. The region today is becoming the main object of economic and political relations, and in this situation, it is very important to determine the specifics and priorities of the formation and development of the regional economy. The purpose of this article is to study the influence of interconnection, interaction of all elements of the regional economy and competent management of them for the purpose of effective development.SHS Web of Conferences 69, 00095 (2019)

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“…The major objective in a time of fragile financial and economic situation is to set the priorities of a municipal budgetary policy, optimize financial control. Local governments must not only cut budget spending but also develop and propose new optimization technique of spending limited municipal funds [8,9].…”

Section: Ways To Resolve Crisismentioning

confidence: 99%

Municipal budgets under conditions of economic crises in Russia

Stepanova

2018

SHS Web Conf.

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The modern stage of Russia’s integration into global community has led to its great dependence on global economy. Russia has become a part of global economy. As all the countries are involved in the world economic functions the size and the consequences of global financial and economic crisis is becoming more and more meaningful for Russian economics as well. The objective of the present paper is to study the general impact of the crisis on Russian budget system and the special impact on the municipal level. The authors consider important to analyse the papers of various economists.

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Fiscal Policy, State Building and Economic Development

Cited by 29 publications

References 54 publications

Illicit financial flows and the Global South: A review of methods and evidence

Illicit financial flows and the Global South: A review of methods and evidence

Economy development of the Russian Federation regions at the present stage

Municipal budgets under conditions of economic crises in Russia

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