Modelling the Influences of Economic, Demographic, and Institutional Factors on Fiscal Pressure Using OLS, PCSE, and FD-GMM Approaches

Nuță, Alina-Cristina; Nuță, Florian-Marcel

doi:10.3390/su12041681

Cited by 12 publications

(5 citation statements)

References 20 publications

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“…These matters are further explained. The corrected model using PCSE proves the importance of variables in terms of statistics that affect GP (Nuță and Nuță, 2020). ITR, APD, size, DER, NCFO, and liquidity ratio have slightly changed in betas value, but ARD, age, interest rate, exchange rate betas values get colossal change.…”

Section: Correlation Matrixmentioning

confidence: 77%

“…Though, it is identical that businesses uncover their APD during high exchange rate times. The modified, fixed effects that are PCSE calculation yields an adverse factor for size and a constructive for liquidity and investment (Nuță and Nuță, 2020). Accordingly, the fuel and energy firms perform very well when they own a small CCC.…”

Section: Correlation Matrixmentioning

confidence: 99%

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Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis

Hussain

Nguyen

et al. 2021

Humanit Soc Sci Commun

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The aim of the study is to explore the interaction effect of macroeconomics indicators, and working capital flows on financial performance in a developing economy. By using the static and dynamic approach of panel analysis, it has been shown that there is a relationship between the components of working capital and the gross profit and cash conversion duration. Second, while interest rates used as an interaction variable with the average payable days have adverse effects, firm performance would decrease if interest rates increase. The average payable duration extends; instead of primarily regressing, the average payable period positively correlates with firm performance. The conversion cycle of cash has a negative relationship, but it reverses its actions after using interest rate interaction. There is a negative relationship with gross profit in the simple regression exchange rate and cash conversion cycle while using the second interaction variable with the cash conversion cycle, has positive effects. In addition, the exchange rate gets higher to increase the cash conversion length, financial performance will be increased. In addition, the exchange rate gets higher to increase the cash conversion length, financial performance will be increased. This study receives new results, the exchange rate increases, companies that can pay early to payable will get higher firm performance while exchange rate and the interest rate have a significant role in changing the firm performance.

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Section: Correlation Matrixmentioning

confidence: 77%

Section: Correlation Matrixmentioning

confidence: 99%

Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis

Hussain

Nguyen

et al. 2021

Humanit Soc Sci Commun

View full text Add to dashboard Cite

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“…GDP = private consumption + private investment + purchases of goods and services by the government + exports − imports Evidence from BRICS countries (Brazil, Russia, India, China, and South Africa) shows that fiscal policies encouraging more spending can increase carbon emissions, adversely influencing sustainable development (Christi et al, 2021) [24]. However, economic, social, and institutional contexts can influence fiscal policy choice (Nut , ă and Nut , ă, 2019) [25].…”

Section: Relevant Literature 21 Fiscal Policymentioning

confidence: 99%

The Influence of Fiscal, Monetary, and Public Policies on Sustainable Development in Sri Lanka

Abeysekera

2024

Sustainability

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This study aims to determine the influence of the fiscal, monetary, and public policy environment in Sri Lanka and its impact on sustainable development before and after COVID-19. This study used the document analysis qualitative research method to obtain and analyse fiscal, monetary, and public policy data. It assigned and measured the 17 United Nations Sustainable Development Goals (UN SDGs) values and trends. The goals were clustered into social, environmental, and sustainability-related intellectual capital to measure their dimensional capital status values and trends. Despite the economic crisis, Sri Lanka has moderately progressed in sustainable development, with most improvements in social capital. The environmental and sustainability-related intellectual capital dimensions follow. The 17 SDGs were advancing at various levels. Two were on track (Goal 4: Quality education and Goal 9: Industry, innovation, and infrastructure). Five moderately improved goals (Goal 2: Zero hunger, Goal 3: Good health and well-being, Goal 6: Clean water and sanitation, Goal 12: Responsible consumption and production, and Goal 13: Climate action). Seven were stagnant (Goal 5: Gender equality, Goal 7: Affordable clean energy, Goal 8: Decent work and economic growth, Goal 11: Sustainable cities and communities, Goal 14: Life below water, Goal 16: Peace, justice, and strong institutions, and Goal 17: Partnership for the goals). Two showed a decrease (Goal 1: Poverty and Goal 15: Life on land). No data are reported for Goal 10 (Reduce inequalities). Fiscal and monetary policies were overly focussed on economic repair and reconstruction. Public policy has nevertheless contributed to sustainable development. This is the first study to examine the multidimensional policy environment and its impact on sustainable development in Sri Lanka.

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“…Moreover, the substantiation of our approach, related to the area of public finance, took into account some important works in this matter, distinctly-from the perspective of fiscal-budgetary rules and principles [22][23][24][25][26][27], of ensuring the financial resources necessary for the system public health [28][29][30] or certain difficulties that may occur here [31][32][33].…”

Section: Literature Reviewmentioning

confidence: 99%

The Consumption of Alcoholic Beverages Can Be Reduced by Fiscal Means? Study on the Case of Romania

Bostan

Rusu

2021

Sustainability

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World Health Organization gives great importance to excessive alcohol consumption among the population and its negative effects. It proposes a set of measures to reduce alcohol consumption and its harmful effects. The objective of our study was to estimate the effects of excise tax on alcohol in Romania, from two perspectives. On the one hand, we analyze the effects of alcohol excise on the consumption of alcoholic beverages among the Romanian population. We also consider the relationship between alcohol consumption and the incidence of diseases and deaths caused by it. On the other hand, we analyze the effects of the excise tax on alcohol on the state budget, through the revenues from the sales of alcohol. For achieving the main purpose of the paper, we analyze secondary data using both graphical and statistical methods. The statistical methods imply testing correlation between variables and also a regression model. The obtained results highlight the fact that the excise taxes on alcohol have not a significant effect on alcohol consumption among the population. At the same time, we observed that the revenues from excise taxes in alcohol at the state budget had an increasing trend. These results highlight the fact that the increase of excise duties for alcoholic beverages, in Romania, does not reduce their consumption. So, in order to limit the effects of this harmful habit of a certain part of the Romanian population, the decision-makers must take additional measures, the fiscal ones being relatively inefficient.

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Modelling the Influences of Economic, Demographic, and Institutional Factors on Fiscal Pressure Using OLS, PCSE, and FD-GMM Approaches

Cited by 12 publications

References 20 publications

Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis

Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis

The Influence of Fiscal, Monetary, and Public Policies on Sustainable Development in Sri Lanka

The Consumption of Alcoholic Beverages Can Be Reduced by Fiscal Means? Study on the Case of Romania

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