Fiscal Policy Multipliers: The Role of Monopolistic Competition, Scale Economies, and Intertemporal Substitution in Labour Supply

1998 ◽  
Vol 39 (3) ◽  
pp. 659 ◽  
Author(s):  
Ben J. Heijdra
Keyword(s):  
Fiscal Policy ◽  
Monopolistic Competition ◽  
Labour Supply ◽  
Scale Economies ◽  
Intertemporal Substitution ◽  
Policy Multipliers

Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry

2018 ◽  
pp. 111-116 ◽  
Author(s):  
Gang AN ◽  
Hang WANG
Keyword(s):  
Fiscal Policy ◽  
Research And Development ◽  
Operating Performance ◽  
Fiscal Policies ◽  
Micro Data ◽  
Policy Effect ◽  
Policy Suggestions ◽  
Asset Size ◽  
The Empirical Analysis

To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.

The Role of Fiscal Policy in the Achievement of Social Cohesion. Tax Mix and Public Social Spending

2014 ◽  
Author(s):  
Muriel Saint-Suppry Ceano-Vivas ◽  
Juana Maria Rivera Lirio ◽  
Maria Jesss Muuoz-Torres
Keyword(s):  
Fiscal Policy ◽  
Social Cohesion ◽  
Social Spending

scholarly journals Women’s Vulnerability to the Economic Crisis through the Lens of Part-time Work in Spain

2021 ◽  
pp. 095001702110012
Author(s):  
Valeria Insarauto
Keyword(s):  
Economic Crisis ◽  
Labour Supply ◽  
Labour Force ◽  
Gender Norms ◽  
Transmission Mechanism ◽  
Female Employment ◽  
Time Work ◽  
Part Time ◽  
Part Time Work

This article studies women’s vulnerability to the economic crisis of 2008 through the lens of part-time work in Spain. It posits that part-time work made the female employment position more fragile by acting as a transmission mechanism of traditional gender norms that establish women as secondary workers. This argument is tested through an analysis of Labour Force Survey data from 2007 to 2014 that examines the influence of the employment situation of the household on women’s part-time employment patterns. The results expose the limited take-up of part-time work but also persistent patterns of involuntariness and underemployment corresponding to negative household employment situations, highlighting the constraining role of gender norms borne by the relative position of part-time work in the configuration of employment structures. The article concludes that, during the crisis, part-time work participated in the re-establishment of women as a family dependent and flexible labour supply, increasing their vulnerability.

The End of Sharecropping in Central Italy after 1945: The Role of Mechanisation in the Changing Relationship between Peasant Families and Land

Rural History ◽  
2014 ◽  
Vol 25 (2) ◽  
pp. 243-260 ◽  
Author(s):  
STUART OGLETHORPE
Keyword(s):  
Labour Supply ◽  
Labour Force ◽  
Central Italy ◽  
Rural Landscape ◽  
Rapid Decline ◽  
Farming Families ◽  
Political Economic ◽  
The Relationship ◽  
Push Factor

Abstract:This article focuses on the mechanisation of agriculture in central Italy in the thirty years or so after 1945. This provides a particular way of examining the major changes in the rural landscape in this period, especially the end of the sharecropping system. Land in these regions had for centuries been predominantly farmed under sharecropping contracts, but for political, economic, and demographic reasons this system, which had inhibited modernisation, entered a rapid decline. Whereas labour supply had previously exceeded demand, the reverse became the case, allowing sharecropping families more freedom in how they operated. Mechanisation was not a ‘push’ factor, but as the agricultural labour force contracted it was a necessary response. The article uses individual testimony to illustrate how tenant farmers started to work outside the sharecropping contract, some becoming outside contractors with other farms and supplying tractor hire. The mechanisation of agriculture was slow and uneven, but marked an irreversible change in the relationship between farming families and their land.

Understanding Consumption: What Interviews with Retired Households Can Reveal about Budgetary Decisions

2001 ◽  
Vol 6 (3) ◽  
pp. 1-12 ◽  
Author(s):  
Edmund Chattoe ◽  
Nigel Gilbert
Keyword(s):  
Time Allocation ◽  
Labour Supply ◽  
Economic Models ◽  
Middle Range Theory ◽  
Middle Range ◽  
Household Behaviour ◽  
Different Types ◽  
Range Theory ◽  
Budgetary Decisions

This paper uses interview data from retired households to inform a discussion about economic models of consumption. It is divided into two parts. In the first part, the economic models are described. The paper then discusses several different types of reasons for finding them unhelpful in explaining consumption. The second part of the paper considers the role of ‘middle range’ theories in developing plausible models of household behaviour. Phenomena which the interviews suggest are important in explaining consumption, such as time allocation, the labour supply decision, the ubiquitous durability of goods and the structure of the household, are not typically supported by middle range theory in current models. Without the constraints of such theory, it is very hard to distinguish models providing genuine explanation from those that merely fit the data. The latter part of the paper also discusses aspects of a new middle range theory of consumption suggested by the interviews.

Europe's Postwar Growth: The Role of Labour Supply.

Economica ◽  
1968 ◽  
Vol 35 (138) ◽  
pp. 207
Author(s):  
H. Myint ◽  
Charles P. Kindleberger
Keyword(s):  
Labour Supply

scholarly journals BUDGETARY PROJECTION IN THE SYSTEM OF FINANCIAL AND ECONOMIC REGULATION OF SOCIAL PROCESSES

2020 ◽  
Vol 6 (1) ◽  
pp. 130
Author(s):  
Igor Chugunov ◽  
Valentina Makohon
Keyword(s):  
Time Series ◽  
Fiscal Policy ◽  
Dynamic Balance ◽  
Social Processes ◽  
System Stability ◽  
Policy Outcomes ◽  
Institutional Changes ◽  
Economic Regulation ◽  
Macroeconomic Stability

The purpose of the article is to reveal the role of budgetary projection in the system of financial and economic regulation of social processes within the framework of improving the efficiency of fiscal policy intended to macroeconomic stability maintenance in both countries with transformational and advanced economies. The comparative and factorial methods allowed to developthe features of the institutional environment of the budgetary progection methodology, to identify approaches for its improvement. Methodology. Substantiation of the role of budget forecasting in the system of financial and economic regulation of social processes, determination of provisions for improving its methodology is based on generalized and systematic approaches that are applied in both developed and transformational economies. An analysis of the stages of the process and the budgetary projection methods evaluation, that are used in different countries, have been carried out. Results showed that the efficient budgetary projection methodology is the basis for sound fiscal policy. The development of realistic budgetary projections facilitates justified management decisions aimed at ensuring the country financial firmness. Devia-tions from budget revenues from the projected indicators do not make it possible to achieve certain fiscal policy outcomes and, accordingly, cause a budget cut. In order to develop realistic budgetary projections, a welldesigned and coherent database is needed for all time series, necessary to analyze and project budget revenues. Time series of key determinants affecting the budget revenues level should be available at different frequencies (monthly, quarterly, annually). Where data reflecting similar economic processes by different revenue sources are available, any differences between them shall be determined by reference to their coverage and methodology. Practical implications. Budgetary projections are the basis for the formation of effective fiscal policy and the benchmark of the reproduction process. Adequate level of justification for budget projection will help to provide a dynamic balance of budgetary indicators and the budgetary system stability. Institutional changes to the budgetary projection methodology should be made on the basis of taking into account the dynamic interrelation of budgetary and macroeconomic indicators. The remarkable task here is the development of an economic and mathematical model based on the assessment of the national economy capabilities by reference to the assessment of macroeconomic proportions and the corresponding social and economic conditions of social production. Value/ originality. Developing the budgetary projection approaches in the context of improvement of the fiscal policy efficiency is an important precondition for ensuring macroeconomic stability. In order to increase the budget projection justifiability, it is advisable to make institutional changes to its methodology. Based on the methioned above, the article reveals the essence and role of the budgetary projection in the system of financial and economic regulation of social processes in the context of improving the fiscal policy effectiveness aimed at macroeconomic stability maintenance; approaches to improving the budgetary projection methodology have been identified, and it has been determined that the soundness and feasibility of budgetary projection are the basis for effective fiscal policy. The predictability of budgetary criteria, budgetary architectonics contribute to improving the efficiency of transformations in the public finance system.

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