The Effects of Fiscal Policy Shocks on the Business Environment

Dobrotă, Gabriela; Vodă, Alina Daniela; Dumitraşcu, Dănuţ Dumitru

doi:10.3846/jbem.2021.15315

Cited by 4 publications

(1 citation statement)

References 43 publications

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“…Fiscal incentives only have a favorable effect on economic agents if they result in long-term income growth. As a result, implementing unpredictable fiscal policies can have negative consequences for the economy, production, and social welfare (Dobrotă et al, 2021)generating positive or negative impulses, both on short and long term. The present research focuses on analysing the effects of the discretionary changes in the fiscal policy in seven post-communist countries of the European Union during the period 2000-2018.…”

Section: Introductionmentioning

confidence: 99%

The Method for Evaluation of Consumption Tax Regressivity

Jurušs

Šmite-Roķe

Zeila

2022

International Scientific Conference „Business and Management“

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Tax policy, tax progressivity, and income redistribution from higher to lower income earnings are effec-tive economic measures for reducing inequality. The aim of the paper is to elaborate principles of measurement of consumption tax impact on income inequality or level of consumption tax regressivity. The objectives are to compare methods for evaluation of income and consumption tax impact to income inequality and to find the possible solutions how to measure consumption tax impact to income inequality. As result was developed a specially designed method which can be used for evaluation of consumption tax impact to income inequality, as well as an appropriate measure-ment is recommended.

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Section: Introductionmentioning

confidence: 99%

The Method for Evaluation of Consumption Tax Regressivity

Jurušs

Šmite-Roķe

Zeila

2022

International Scientific Conference „Business and Management“

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Prioritizing the survival determinants of quantity surveying firms in economic contraction

Moyanga,

Ojo,

Awodele

et al. 2023

ECAM

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PurposeMicro, small and medium-sized enterprises are the live wire of construction industry in developing countries. These classes of establishments are most affected by economic contraction and turmoil, thus affecting their performance and survivability. Hence, the purpose of this study is to investigate and prioritize the survival determinants of construction consulting organization during economic contraction in Nigeria using quantity surveying firms as a focal point.Design/methodology/approachThe study adopted the descriptive-survey design and quantitative data were collected through questionnaire purposely administered to quantity surveying firms in the Southwestern part of Nigeria. The data obtained from 99 quantity surveying firms on survival determinants were analysed using various statistical analysis such as mean score, standard deviation, Mann–Whitney U test, Kruskal–Wallis H test, and so on. Principal component analysis was used to identify the principal components of survival determinants, while the factors were prioritized using fuzzy synthetic evaluation (FSE).FindingsThe result of the analysis reveals eight factors that significantly determines the survival of firms during the period of economic contraction. Furthermore, the eight grouped factors were prioritized accordingly namely firm's innovation and diversification, ownership structure and networking, education level and management skills, and so on.Practical implicationsThis study investigated the survival determinants of quantity surveying firms and prioritized it with the opinions of principal partners in quantity surveying establishments. As against obtaining large survey responses from all quantity surveyors in the study area that may not have practical experience of managing firms, the limited responses received provide valid basis to broaden the horizon of professionals and other stakeholders on the key determinants for firms to survive economic turmoil.Originality/valueThis study contributes to the body of knowledge by providing information on prioritized factors that must be considered in an appropriate order by quantity surveying firms to survive economic contraction.

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Financial Innovation Management: Impact of Fiscal Decentralization on Economic Growth of the Baltic Countries

Slavinskaitė

Lapinskienė

Hlawiczka

et al. 2022

MMI

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The management process of fiscal policy incorporates a wide analysis of various factors. The dynamic financial approach should be applied in deciding the level of centralization. The article offers the usage of the multicriteria method in selecting fiscal variables as a new instrument for financial evolution. In this article, the hypothesis of decentralization's impact on economic growth is tested to show the growth opportunities. The implications of the fiscal decentralization index on economic growth across the Baltic States for 2005-2017 were examined using a panel data approach with dynamic effects. The Baltic countries (Estonia, Latvia, and Lithuania) are often considered as a single region with similar economic profiles and common political and social values. They are closely related geographically and historically, particularly during the Soviet era. Although their post-Soviet development has been similar, there are significant differences in local administrative systems and government finances. After restoring independence, the three Baltic countries have been reorganizing their public institutions according to western standards. Each country has some differences in organizing the management of local governments. The study's novelty is emphasized by supplementing the analysis with a fiscal decentralization index, including 24 fiscal decentralization indicators. The fiscal decentralization index ranges from 0.29 to 0.51. Lithuania (0,29) has the lowest fiscal decentralization index, the highest – Latvia (0.52) in the Baltic countries. The investigated model has revealed that the facts considered produce a statistically significant effect. Results showed a negative relationship between fiscal decentralization and economic growth in the Baltic States from 2005 to 2017. It should not be forgotten that, in some cases, regions are not capable of implementing green and inclusive growth without the influence of the central government.

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The Effects of Fiscal Policy Shocks on the Business Environment

Cited by 4 publications

References 43 publications

The Method for Evaluation of Consumption Tax Regressivity

The Method for Evaluation of Consumption Tax Regressivity

Prioritizing the survival determinants of quantity surveying firms in economic contraction

Financial Innovation Management: Impact of Fiscal Decentralization on Economic Growth of the Baltic Countries

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