scholarly journals Deuda pública en México: dinámica e implicaciones de política

2021 ◽  
Vol 39 (71) ◽  
pp. 22-43
Author(s):  
Oshiel Martínez Chapa ◽  
Jorge Eduardo Salazar Castillo ◽  
Saul Roberto Quispe Aruquipa
Keyword(s):  
Public Debt ◽  
Research Question ◽  
Social Spending ◽  
World Population ◽  
The Public ◽  
Oil Resources ◽  
Public Credit ◽  
Public Resources ◽  
The Cost

The purpose of this paper is to analyze the factors that have driven the public debt in Mexico and its consequences on the economy. The hypothesis proposed is that the increase in debt is related to factors such as discretion in the management of public resources, the guarantee of oil resources, the cost of financial bailouts and the growing social spending exercised. The research question is: How has public debt evolved in the medium and long term, and what are the consequences? The methodology used is qualitative in that it analyzes the facts and documents, and the second is quantitative in that it uses a regression model in which a growth rate of the variable in question is used. The data come from institutions such as the Bank of Mexico, the World Bank, the Ministry of Finance and Public Credit (SHCP), as well as World Population Review. The paper concludes by highlighting the need for governments to adopt responsible policies in order to influence growth and economic development, and not that austerity policies cause low investment and unemployment in the country.

The Evolution and Importance of Public Credit

2011 ◽  
Author(s):  
David Stasavage
Keyword(s):  
Interest Rates ◽  
Early Modern Europe ◽  
Access To Credit ◽  
Public Credit ◽  
The Difference ◽  
City States ◽  
The Cost ◽  
Territorial States ◽  
New Evidence

This chapter examines why access to credit was important for European states and provides extensive new evidence on the evolution of public credit across five centuries, from 1250 to 1750. The ability to borrow was critical in medieval and early modern Europe because it allowed states to participate in wars, either defensive or offensive. In order to better understand this fact, the chapter analyzes the movement that took place from compulsory to paid service for soldiers, along with opportunities to finance wars through current taxation. It also explains when states first borrowed long-term and measures the cost of borrowing, focusing on interest rates based on nominal rates at issue when these are available, and based on the fiscal proxy when they are not. The chapter highlights the difference between city-states and territorial states, with the former enjoying an apparent financial advantage that allowed them to begin borrowing earlier and to obtain access to lower-cost finance.

scholarly journals Using Artificial Intelligence to classify Jobseekers: The Accuracy-Equity Trade-off

2020 ◽  
pp. 1-19
Author(s):  
SAM DESIERE ◽  
LUDO STRUYVEN
Keyword(s):  
Artificial Intelligence ◽  
Maximum Level ◽  
Employment Services ◽  
Trade Off ◽  
The Public ◽  
Foreign Origin ◽  
Trade Offs ◽  
Graphical Tool ◽  
The Cost

Abstract Artificial intelligence (AI) is increasingly popular in the public sector to improve the cost-efficiency of service delivery. One example is AI-based profiling models in public employment services (PES), which predict a jobseeker’s probability of finding work and are used to segment jobseekers in groups. Profiling models hold the potential to improve identification of jobseekers at-risk of becoming long-term unemployed, but also induce discrimination. Using a recently developed AI-based profiling model of the Flemish PES, we assess to what extent AI-based profiling ‘discriminates’ against jobseekers of foreign origin compared to traditional rule-based profiling approaches. At a maximum level of accuracy, jobseekers of foreign origin who ultimately find a job are 2.6 times more likely to be misclassified as ‘high-risk’ jobseekers. We argue that it is critical that policymakers and caseworkers understand the inherent trade-offs of profiling models, and consider the limitations when integrating these models in daily operations. We develop a graphical tool to visualize the accuracy-equity trade-off in order to facilitate policy discussions.

Perspectives for Planning Approaches in Promoting Underground Built Heritage - COST Action Underground4value

2020 ◽  
Author(s):  
Carlos Smaniotto Costa ◽  
Tatiana Ruchinskaya ◽  
Konstantinos Lalenis
Keyword(s):  
Local Level ◽  
Collaborative Relationships ◽  
Cost Action ◽  
The Public ◽  
Built Heritage ◽  
Educational Paradigm ◽  
The One ◽  
The Cost ◽  
Planning Approaches

<p>The COST Action 18110 Underground4value (http://underground4value.eu) aims to advance knowledge on how to guarantee continuity of use and significance of underground historic fabric. It is collecting information, experiences and knowhow to base the development of research and training. The Action focusses on underground regeneration, revitalisation of the public realm and skills development for people concerned with underground heritage.</p><p>This contribution centres the attention of the Working Group on Planning Approaches. It also looks at the role of local authorities, as enablers and facilitators, in coordination, use  and management of underground built heritage. In this framework underground built heritage is considered as a social resource with integrated programmes of physical, economic and social measures, backed by strategic stakeholder dialogue.</p><p>On the one hand, this contribution discusses the structure and goals of the WG, as it pays attention to the necessary complementarities between functional approaches – at the level of regions and city – and social and cultural approaches involving citizens’ engagement and empowerment – at the local level. This WG aims to provide a reflection on sustainable approaches to preserve the underground built heritage and, at the same time, to unfold the case by case approach for potential use of underground space. On the other hand, to achieve its objectives the WG on Planning Approaches is setting together potentials and constraints in the efforts to make better use of underground heritage. This contribution, therefore, sheds lights on the preliminary results of the WG. It is centred on the learned lessons, challenges and barriers - from a planning science perspective - that experts met in their efforts to tackle Underground Built Heritage. Achieving this goal makes the call for an educational paradigm shift - as the Action is not only interested in compiling the results, rather on experiences that can be analysed and learned. This requires a dynamic understanding of knowledge, abilities and skills, towards creating more effective coalitions of ‘actors’ within localities, by developing structures, which encourage long term collaborative relationships. Enabled by the gained knowledge, the WG will define the best tailored ways to forward this knowledge for planners and decision-makers.</p>

scholarly journals Public Services between the Citizen’s Need and the Possibilities of the Administration

2018 ◽  
Vol 9 (2) ◽  
pp. 23-34
Author(s):  
Adriana Grigorescu
Keyword(s):  
Public Services ◽  
Living Environment ◽  
General Interest ◽  
Public Authorities ◽  
The Public ◽  
Financial Strength ◽  
The Social ◽  
Public Resources ◽  
Services Of General Interest

Abstract This paper aims at the balance between the citizen and the public authorities with public services as an interface. Public services place themselves at the crossroads of many elements such as: needs of the citizen, social need, public will, public resources, private availability, and civic sense. Without claiming to have identified all factors that converge to defining / structuring the public services (PS) / services of general interest (SGI), the paper tried to highlight some of the most important. The social need is covered at the macro level and it represents what society - as a whole - needs. Citizens’ needs are more specific, individualized and custom-designed, rundown by gender, age, education, social condition, financial strength, religion, living environment etc. The public will is an expression of what the Administration encompasses in mid- and long-term national strategies and addresses in detail the PS / SGI in sectorial policies where responsibility is assumed. Public resources include in our assessment all resources at the disposal of the Administration at some point. Private availability can be expressed through various forms such as public-private partnerships, development of complementary private sponsorships, donations etc. A balanced public service can also benefit of citizens’ civic sense. Even if they are completely satisfied with the services at hand they understand that it would be without sense to unnecessary ask for them just only because it’s free.

scholarly journals Evolution of Public Debt in Albania during 1990-2017 and its impact on the Economic Growth

2020 ◽  
Vol 4 (1) ◽  
pp. 59
Author(s):  
Amarda Cano
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Cost Of Debt ◽  
Specific Level ◽  
The Public ◽  
Macroeconomic Indicators ◽  
Level Of Economic Development ◽  
Second Tier ◽  
The Cost ◽  
The Empirical Analysis

Public debt is one of the most important macroeconomic indicators due to its impact on the economy of each country. Literature suggests that the effect varies in each country depending on the level of economic development and situation. Public debt will have a direct impact on a country's economic growth, but there are contrasting opinions amongst economists regarding the use of public debt, particularly in situations of distress and in developing countries. Albania is a country that would be in need of a decrease of the debt/GDP ratio. This can be done through a stimulation of the economy rather than a decrease of the public debt. The empirical analysis shows that the increase on real public debt can negatively influence the GDP, yet, we do not observe a specific level above which the effects worsened. Instead, we notie that whenever the public debt was increasing, the cost of debt would sometimes decrease because the governments substitutes the debt borrowed from second tier banks with debt borrowed from the IMF.

scholarly journals Imbalance of the public finance in the context of Keynesian and Non-Keynesian effects of fiscal policy limitation

2017 ◽  
Vol 3 (3) ◽  
pp. 27-32
Author(s):  
Joanna Stawska
Keyword(s):  
Public Finance ◽  
Economic Growth ◽  
Fiscal Policy ◽  
Public Debt ◽  
Statistical Data ◽  
Gdp Growth ◽  
The Public ◽  
Methods Of Analysis ◽  
Restrictive Policy

The purpose of this article is to point out the importance of the size of public debt and deficit in the context of Keynesian and non-Keynesian effects of fiscal policy limitation. To achieve this objective primarily were used methods of analysis of the available literature and presentation of statistical data. Considerations include, among others, the presentation of public debt and deficit in the context of economic growth. Expansionary fiscal policy often caused by economic fluctuations contributes to the deepening of public finance imbalance with frequent decline in GDP growth. The restrictive policy has an influence on improving the situation of the public finance sector in the long-term with at least moderate economic growth.

scholarly journals Railway Wireless Communications Channel Characterization

2021 ◽  
Vol 12 (1) ◽  
pp. 345
Author(s):  
Nerea Fernández-Berrueta ◽  
Jon Goya ◽  
Jaione Arrizabalaga ◽  
Iker Moya ◽  
Jaizki Mendizabal
Keyword(s):  
Communication Technology ◽  
Mobile Networks ◽  
Mobile Communications ◽  
Communication Channel ◽  
Communication Technologies ◽  
Railway Network ◽  
The Public ◽  
Train Control ◽  
The Cost

Railway applications are in continuous evolution with the aim of offering a more efficient, sustainable, and safer transportation system for the users. Generally, these applications are constantly exchanging information between the systems onboard the train and the trackside through a wireless communication. Nowadays, Global System for Mobile communications-Railway (GSM-R) is the technology used by European Train Control System (ETCS), but it is becoming obsolete. Therefore, alternatives for this technology have to be found for the different railway applications. Its natural evolution is to move forward with the latest technology deployed: Long-Term Evolution (LTE), which the Public Land Mobile Networks (PLMN) have already deployed. Therefore, testing the performance of this communication technology in the railway environment could be useful to assess its suitability and reduce the cost of railway network dedicated deployment. In order to do that, a methodology to characterize the communication environment is proposed. The main goal is to measure geolocated impairments of any communication channel in a railway environment being able to determine its behavior of the different communication technologies and find out possible coverage issues. Moreover, it could help in the selection of suitable communication technology for railway. This paper presents a brief description of the communication for railways and its QoS parameters for performance measuring. Afterward, the testing methodology is described, and then, the communication channel measurement campaign on a real track in Spain where the railway environment is variable is presented (tunnels, rural/urban area…). Finally, the measurements and results on this real track in Spain are shown. The results provide suitability of the 4G technologies based on the delay requirements for the implementation of ETCS over it.

scholarly journals The Public Debt of Latvia: Short-Term and Long-Terms Aspects

2017 ◽  
Author(s):  
Staņislavs Keišs ◽  
Alla Seregina
Keyword(s):  
Public Debt ◽  
Debt Management ◽  
Annual Reports ◽  
Long Term Effects ◽  
Debt Overhang ◽  
The Public ◽  
High Level ◽  
Criteria For Evaluation ◽  
The Eu

The article investigates the structure and dynamics of public debt of Latvia for the period from 2006–2016 year. The relevance of the study long-term effects of public debt on the economy of Latvia is predetermined by a significant increase in its volume of low GDP growth rates in recent years. This article discusses conceptual approaches and criteria for evaluation of the public debt. An analysis of the main reasons for the growth of public debt of Latvia after joining the EU, considers its specific characteristics and consequences as compared with the more developed EU countries on the basis of these annual reports of Latvia Treasury over the past ten years. Analysis of the structure of the debt of Latvia on maturity shows that an effective public debt management necessarily involves consideration of the long-term effects of the growth of public debt to the public. High level of the external indebtedness in the structure of Latvian public debt is a factor of the growth of “debt overhang” even following Maastricht criterions of public debt. As a result of the research is justification of differentiated approach necessity to the evaluation of public debt with considering of intertemporal effects.

DEUDA, PAPELES Y COMPROMISOS EN LA CONSTRUCCIÓN DEL CRÉDITO PÚBLICO. LA CAJA NACIONAL DE FONDOS DE SUD AMÉRICA (BUENOS AIRES, 1818–1821)

2020 ◽  
pp. 1-34
Author(s):  
Martín L. E. Wasserman
Keyword(s):  
Public Debt ◽  
Buenos Aires ◽  
Financial Innovation ◽  
South American ◽  
The South ◽  
Public Finances ◽  
The Public ◽  
Public Credit

ABSTRACT The South American Funds National Exchequer was established in 1818 to contribute to the consolidation of the public debt of Buenos Aires. It was the first financial innovation since the revolutionary outbreak in Buenos Aires, and its failure allowed the authorities to understand the limits of the fiscal and financial commitment they proposed by means of that institution. Its suppression, in 1821, offered an antecedent to develop a deep reform of the financial institutional matrix of Buenos Aires, based on the Public Credit office, the Amortization Exchequer and the Bank of Buenos Aires. The South American Funds National Exchequer was, thus, the first movement in the negotiation on the terms of the financial commitment assumed by the nascent State. This paper analyzes the 973 accounting entries of the institution, providing an interpretation of that failure and its importance for the course of public finances in Buenos Aires.

scholarly journals Fiscal Rule and Public Investment in Chile

2021 ◽  
Author(s):  
J. Rodrigo Fuentes ◽  
Klaus Schmidt-Hebbel ◽  
Raimundo Soto
Keyword(s):  
Public Debt ◽  
Negative Impact ◽  
Public Investment ◽  
Two Dimensions ◽  
The Public ◽  
Fiscal Rule ◽  
Substantial Progress ◽  
Escape Clauses ◽  
Empirical Approaches

This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional framework for fiscal policy, we find that the rule is incomplete in two dimensions: it lacks an escape clause, and it needs to supplement the budget balance rule with a debt rule. The former is seen in the pervasive inability of the authorities to steer fiscal accounts back to their long-term sustainable path after the rule was breached the rule in 2009. The latter issue is illustrated by the speedy build-up of the public debt as a result of the need to finance fiscal deficits. We do not find, nevertheless, a negative impact of the rule on public investment. We propose reforms to improve on transparency and accountability, as well as to supplement the rule with escape clauses and a debt anchor.

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