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Journal articles on the topic 'Central Finance Commission'

Author: Grafiati

Published: 2 June 2025

Last updated: 31 July 2025

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1

Datta, Polly. "Debating Contribution vis-à-vis Equity Principle in Tax Sharing: A Review of Recommendations of the Finance Commission of India." South Asian Journal of Macroeconomics and Public Finance 1, no. 2 (2012): 281–318. http://dx.doi.org/10.1177/2277978712473404.

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This article discusses the objectives of the Finance Commission of India since inception, within the ambit of critical issues in public finance. Amidst increasing political tensions between the central and state governments in India and waning trends in single party majority at the Centre, the evolution of tax sharing arrangements are critical indi- cators of a functional federal structure. The article compares various objectives put forth by the Finance Commission and evaluates observed conditions in four important states in the country. We carefully evaluate if the recommendations of the Fin

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Prasad, Uma Shankar. "Nepal's Fiscal Federalism Model in the New Constitution: Agenda for Amendments." NRB Economic Review 27, no. 2 (2015): 91–108. http://dx.doi.org/10.3126/nrber.v27i2.52563.

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The first Constituent Assembly (CA) was dissolved without producing the constitution. The Constitution of Nepal as Federal Democratic Republic was promulgated on September 20, 2015 by the second CA. The primary objective of this study is to review the modality presented in the new constitution on the natural resources, economic rights and revenue allocation and recommend some amendments. The study finds that the fiscal decentralization initiatives have not been successful in minimizing the political, social, economic, regional and ethnic inequalities inherent for nearly 240 years of a unitary

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3

Suryanarayanan, Krishnan. "DEMOGRAPHIC CHANGE –AN OBSTACLE FOR TAMIL NADU IN SHARING OF RESOURCES BETWEEN THE UNION AND THE STATES." EPH - International Journal of Humanities and Social Science 3, no. 4 (2018): 55–64. http://dx.doi.org/10.53555/eijhss.v3i4.65.

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This research is intended to assess the impact of a new factor introduced by the Fourteenth Finance Commission namely demographic change in determining the share of Central taxes to the States. There are three main sources of revenue for the States namely, State’s Own Tax Revenue, Share from the Union and Grants-in-aid from the Centre. The States' Own Tax Revenue includes tax revenue such as VAT on Petroleum Products, Liquor, SGST, Excise Duty on Liquor, etc., and non-tax revenue such as fee, fine, charges, etc., and the State Governments are at liberty to spend the amount according to their d

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Šindelář, Jiří, and Petr Budinský. "Does commission remuneration affect the investor’s outcome? Experience from Central Europe." Journal of Financial Regulation and Compliance 27, no. 4 (2019): 494–508. http://dx.doi.org/10.1108/jfrc-10-2018-0141.

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Purpose This paper aims to deal with the conflict of interest in the area of investment advice, rewarded through the commission mechanism. Using a substantial data set on sales of independent agents, the authors have examined the relationship between the amount of commission paid to the agent and the subsequent performance of the client’s portfolio (annualised five-year returns, volatility and total expenses ratio). Design/methodology/approach The main working method consisted of linear model with mixed effects. Processing total amount of 2,066 advised sales from, the authors were able to exam

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Lakshmanasamy, T. "THE EFFECT OF CENTRAL FINANCIAL TRANSFERS ON TAX EFFORTS OF STATES IN INDIA: A PANEL DATA ANALYSIS." JOURNAL OF INTERNATIONAL MONEY, BANKING AND FINANCE 3, no. 1 (2022): 51–68. http://dx.doi.org/10.47509/jimbf.2022.v03i01.04.

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Central government financial transfers and states’ own tax revenue is interlinked as the transfer policies may encourage or discourage the own tax effort of the states. This paper analyses the effects of central transfers on states’ own own tax revenue, using panel data for l5 major states from 1980-81 to 2019-20 applying panel fixed effects and random effects regression methods. The estimated results show a negative relationship between central transfers and grants and the own tax efforts of the states, indicating revenue substitution by states. More central government assistance means less d

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Lakshmanasamy, T. "THE EFFECT OF CENTRAL FINANCIAL TRANSFERS ON TAX EFFORTS OF STATES IN INDIA: A PANEL DATA ANALYSIS." INDIAN JOURNAL OF FINANCE AND ECONOMICS 3, no. 1 (2022): 103–20. http://dx.doi.org/10.47509/ijfe.2022.v03i01.08.

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Central government financial transfers and states’ own tax revenue is interlinked as the transfer policies may encourage or discourage the own tax effort of the states. This paper analyses the effects of central transfers on states’ own own tax revenue, using panel data for l5 major states from 1980-81 to 2019-20 applying panel fixed effects and random effects regression methods. The estimated results show a negative relationship between central transfers and grants and the own tax efforts of the states, indicating revenue substitution by states. More central government assistance means less d

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7

Jenei, Szonja, Arnold Tóth, Kobla Sewornu Afadzinu, and Botond Géza Kálmán. "EU sustainable finance framework." Journal of Infrastructure, Policy and Development 8, no. 15 (2024): 9485. https://doi.org/10.24294/jipd9485.

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Our study focusses on the sustainable finance framework of the European Union. Given that the concept, target system and practical implementation of sustainability have become one of the top priorities, we consider it important to present in an understandable and simple form what activities and regulations have been created in this regard within the scope of the European Union’s common policy. Starting from the concept of sustainability, we analyse its significance. We examine the economic, social, corporate governance and environmental pillars and the European Green Deal based on them as foun

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8

Singh, Balwant, and Taniya Gupta. "An Analysis of the Role of State Finance Commission in Revenue Sharing in Uttar Pradesh." Remarking An Analisation 9, no. 1 (2024): E 70 — E 80. https://doi.org/10.5281/zenodo.11113025.

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This paper has been published in Peer-reviewed International Journal "Remarking An Analisation"                      URL : https://www.socialresearchfoundation.com/new/publish-journal.php?editID=8936 Publisher : Social Research Foundation, Kanpur (SRF International)  Abstract :  This paper discusses the allocation of State Resources to Panchayati Raj Institutions (PRIs) and Urban Local Bodies (ULBs) at all three levels in the form of taxes, charges and levies collected by the State Government and Local Bodies. The Finance Commiss

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9

Silva-Ardanuy, Manuel. "Social rights in the face of the reform process of the Spanish public administration; perspectives and scope." LEX SOCIAL. Revista de los derechos sociales 3, no. 2 (2013): 103–26. https://doi.org/10.5281/zenodo.14718154.

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In order to develop the indications of the European Central Bank, the International Monetary Fund and the European Commission, the Spanish State through its Executive power began since November 2011 a process of reform of the set of public administrations in order to reduce its deficit. This  process has resulted in a budget reduction to the attention of social rights and citizenship. Ministry of Finance and Public Administration currently facing the process of restructuring of the central, peripheral and local administration, which will mean a profound transformation in the exercise of s

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10

Varga, Zoltán. "The Innovative Response of the European Union to Managing the Digital Finance." European Integration Studies 17, no. 2 (2021): 106–16. http://dx.doi.org/10.46941/2021.e2.106-116.

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On 24 September 2020, the European Commission (EC) adopted its proposal for the Digital Finance Package. The 168-page document includes a digital finance strategy and a strategy for retail payments, as well as a bill on a European Union (EU) regulatory framework for cryptocurrencies and a EU framework for digital financial resilience. The Commission has proposed the first piece of legislation on crypto-assets (digital value or rights displays that can be stored and sold electronically). The Markets in Crypto-assets (MiCA) Regulation will boost innovation while preserving financial stability an

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11

Muhammad, amin kadafi, fajri ananda Candra, kresna Sakti Rachmad, and satria Dias. "An Explore the Government Expenditure, Income Per Capita, Investment, and Poverty Impact to Integrity Assessment Survey (SPI) In Indonesia." Journal of Economics, Finance And Management Studies 07, no. 11 (2024): 6814–18. https://doi.org/10.5281/zenodo.14196935.

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<strong>Objectives:</strong>This research paper aims to analyze the impact between young government expenditure, per capita income, investment, and poverty, through integrity assessment survey by corruption in Indonesia<strong>Methodology:</strong>This research is quantitative research and using the data from Provincial Central Statistics Agency (BPS), Ministry of Finance, Corruption and Eradication Commission. The data analysis technique was used by a Morans' I Test.<strong>Results:</strong>The results were shown by the impact among investment, government expenditure, income per capita, Integ

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Guercio, M. Belén, Lisana B. Martinez, and Aurelio F. Bariviera. "SME Steeplechase: When Obtaining Money Is Harder Than Innovating." International Journal of Financial Studies 7, no. 2 (2019): 25. http://dx.doi.org/10.3390/ijfs7020025.

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In this paper, we analyze the main characteristics of European Small and Medium Enterprises (SMEs), related to the demand for and access to external financial resources. We use microdata from an extensive database, elaborated by the European Central Bank and the European Commission: the Survey on the Access to Finance of Enterprises. Firstly, we consider a set of variables as determinants to the decision to apply for different financial instruments. Secondly, we use the same set of variables to analyze the actual access to these instruments. For each regression, several SMEs profiles were crea

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Abu, Safiya Wada, and Adam Okene Ahmed. "Cooperation Between the Countries Around Lake Chad Basin: An Assessment." Asian Social Science 17, no. 12 (2021): 1. http://dx.doi.org/10.5539/ass.v17n12p1.

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The Lake Chad Basin is an important natural resource that cut across several countries among which are Nigeria, Niger, Chad, Cameroon, Algeria, Central African Republic and Libya. In a bid to ensure the effective utilization of the water of the basin, the countries have engaged in cooperation through the creation of Lake Chad Basin Commission. The Commission has embarked on certain programmes to achieve its aim, hence the need for the assessment of the cooperation between countries around the basin. This work is an assessment albeit critical, of the cooperation within that commission. Part of

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Dr., Jose Jacob. "Pivotal Role of the Central Grants." Indian Journal of Economics and Finance (IJEF) 5, no. 1 (2025): 108–13. https://doi.org/10.54105/ijef.A2623.05010525.

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<strong>Abstract: </strong>In the Indian federal system, the Central Finance Commission is appointed every five years under Article 280 to make recommendations on the distribution of central taxes among the states. Besides, the central government provides grants for various needs to the states under Article 275. To address challenges such as evident economic imbalances, distorted resource distribution, natural disasters, epidemics, and adverse global events, the Government of India has established a robust and resilient grant system. The central government imposes selected conditions on utilis

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Dr., Jose Jacob. "Pivotal Role of the Central Grants." Indian Journal of Economics and Finance (IJEF) 5, no. 1 (2025): 108–13. https://doi.org/10.54105/ijef.A2623.05010525/.

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<strong>Abstract:</strong> In the Indian federal system, the Central Finance Commission is appointed every five years under Article 280 to make recommendations on the distribution of central taxes among the states. Besides, the central government provides grants for various needs to the states under Article 275. To address challenges such as evident economic imbalances, distorted resource distribution, natural disasters, epidemics, and adverse global events, the Government of India has established a robust and resilient grant system. Unlike the central share of taxes, the central government im

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16

Amalyah, Ilfat Afia, Muhammad Din, Jurana Jurana, and Masruddin Masruddin. "Analysis of the Compliance Level of Campaign Fund Reporting of the National Mandate Party in Central Sulawesi in 2024." Jambura Equilibrium Journal 7, no. 1 (2025): 14–25. https://doi.org/10.37479/jej.v7i1.27724.

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This study aims to analyze the compliance level of the campaign fund reporting of Partai Amanat Nasional (PAN) of Central Sulawesi in 2024 based on the audit results. Using a quantitative descriptive approach, this study provides a comprehensive overview of the level of compliance and the factors that influence it. The study focuses on timeliness, completeness of documentation, and consistency of reported data with regulations set by the General Election Commission (KPU). Data was sourced from official audit reports and interviews with relevant stakeholders. The results show that the complianc

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17

Choi, Min Ji, and Jae Rok Oh. "Measuring Bureaucratic Power: Focusing on the Central Ministries of the Moon Jae-in Administration." Korean Association of Governance Studies 34, no. 4 (2024): 61–94. https://doi.org/10.26847/mspa.2024.34.4.61.

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This study presents the results of measuring the relative size and ranking of bureaucratic power among 44 central administrative agencies during the Moon Jae-in administration to analyze the phenomenon of bureaucratic power. The results of the Bureaucratic Power Index (BPI) measurement indicate that the Ministry of Economy and Finance, Ministry of National Defense, Ministry of Education, Ministry of Land, Infrastructure, and Transport, and Ministry of Trade, Industry, and Energy ranked high in relative bureaucratic power, in that order, while the Rural Development Administration, Statistics Ko

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18

Szyszko, Magdalena, and Karolina Tura-Gawron. "Eurozone or national inflation projections: Which has greater impact on consumer expectations?" Panoeconomicus, no. 00 (2020): 14. http://dx.doi.org/10.2298/pan171128014s.

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We compare the dependence of consumer inflation expectations on European Central Bank (ECB) inflation projections with that on national central bank (NCB) projections in four economies: Austria, Belgium, Finland, and Germany. We aim to assess whether the information published by central banks affects consumers, and whether inflation projections published by NCBs are more relevant to consumers than those published for the entire Eurozone. Inflation expectations were obtained from the Business and Consumer Surveys conducted by the Directorate General for Economic and Financial Affairs of the Eur

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19

Manoj Pareek. "The Role of Central Bank Digital Currencies (CBDCs) in Enhancing Financial Inclusion and Monetary Policy Effectiveness in Europe." European Economic Letters (EEL) 15, no. 2 (2025): 4466–70. https://doi.org/10.52783/eel.v15i2.3299.

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Central Bank Digital Currencies (CBDCs) represent a transformative evolution in digital finance, providing governments with the capability to issue sovereign digital money that is universally accessible. This review paper explores the critical role of CBDCs in enhancing financial inclusion and strengthening monetary policy effectiveness across Europe. Drawing on recent policy developments, central bank reports, and international case studies, the paper synthesizes how CBDC design—such as tiered KYC, offline functionality, and programmable payments—can reduce barriers for unbanked populations a

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20

Sharpe, Stacey. "Accounting-Based Brand Scandals and the Implications for Firm-Level Advertising Spending." Studies in Business and Economics 16, no. 2 (2021): 230–39. http://dx.doi.org/10.2478/sbe-2021-0036.

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Abstract This study examines strategic firm-level advertising behavior around accounting-based brand scandal events. This analysis is guided by propositions presented in the brand scandal and marketing-finance literatures regarding firm response to brand scandal events. While, recent findings from the marketing-finance literature show that managers tend to reduce advertising when anticipating the release of negative information, this response is contrary to the established support and recommendation from the extant brand scandal literature. This inconsistency suggests that firms treat product-

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21

O. Evbuomwan, Dr Grace, and Mr Martins I. Oramulu. "The Capital Market and Economic Growth in Nigeria." International Journal of Economics, Business and Management Research 08, no. 09 (2024): 122–42. http://dx.doi.org/10.51505/ijebmr.2024.8908.

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The capital market offers access to a variety of financial instruments which are very essential for government and private businesses in need of long-term funds. The objective of this study is to determine the effect of capital market on economic growth in Nigeria being an alternative source of finance for investment. The data used for the study were obtained from the Central Bank of Nigeria Statistical Bulletin and World Development Indicators, spanning 1985-2021 and, analyzed using Auto-regressive distributive lag (ARDL) on Eviews. Value of transactions, all share index, government stocks, c

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Jacob, Dr Jose. "Pivotal Role of the Central Grants." Indian Journal of Economics and Finance 5, no. 1 (2025): 108–13. https://doi.org/10.54105/ijef.a2623.05010525.

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In the Indian federal system, the Central Finance Commission is appointed every five years under Article 280 to make recommendations on the distribution of central taxes among the states. Besides, the central government provides grants for various needs to the states under Article 275. To address challenges such as evident economic imbalances, distorted resource distribution, natural disasters, epidemics, and adverse global events, the Government of India has established a robust and resilient grant system. Unlike the central share of taxes, the central government imposes selected conditions o

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23

Wolf, André. "Sustainable Carbon Cycles: A Framework for the Ramp-up of Carbon Capture?" Intereconomics 57, no. 4 (2022): 260–66. http://dx.doi.org/10.1007/s10272-022-1060-7.

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AbstractWith its communication “Sustainable Carbon Cycles”, the European Commission has opened a new chapter in European climate policy. For the first time, natural and artificial CO2 capture and storage technologies are to be covered jointly in an overarching regulatory approach. This article reviews the techno-economic potentials of the application fields envisaged by the Commission’s strategy, and defines central requirements for a future funding framework. The establishment of markets for carbon credits is identified as a basis for commercialising storage solutions. However, a prerequisite

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Holland, Dawn, Aurélie Delannoy, Tatiana Fic, et al. "World Overview." National Institute Economic Review 218 (October 2011): F13—F21. http://dx.doi.org/10.1177/002795011121800109.

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Global economic prospects have deteriorated markedly in recent months. Risks around our central forecast have shifted distinctly to the downside. Much of this is due to the heightened uncertainty surrounding Europe's sovereign debt crisis. There is widespread agreement among policymakers - ranging from the IMF, European Commission and European Central Bank to individual heads of state both within and outside the Euro Area - that resolution to the crisis requires urgent, comprehensive and coordinated action. Yet 17 months after the first bail-out programme was introduced in Greece, policymakers

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Nadler, Michael, and Claudia Nadler. "Promoting investment in sustainable urban development with JESSICA: Outcomes of a new EU policy initiative." Urban Studies 55, no. 9 (2017): 1839–58. http://dx.doi.org/10.1177/0042098017702815.

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Between 2007 and 2015, the European Commission invested €1.846 billion in a new policy initiative called JESSICA (Joint European Support for Sustainable Investment in City Areas). Since European cities in particular have perceived a shortage of investment dedicated to urban regeneration projects, JESSICA will finance more than 2000 higher risk projects through Urban Development Funds as a financial intermediary in order to create economic stimulus. Moreover, replacing traditional grant funding by revolving financial instruments (loans, guarantees and equity capital) is a central part of the on

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Asyadi, Maskup, and Reyta Warastuti. "Dualisme Loyalitas Sekretariat Badan Adhoc: Antara Tanggung Jawab Kepada KPU Kabupaten dan Tugas sebagai Aparatur Sipil Negara." JURNAL ILMU SOSIAL dan ILMU POLITIK 2, no. 2 (2022): 83. http://dx.doi.org/10.30742/juispol.v2i2.2495.

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The PPK and PPS Sekretariat is an inseparable part of the recruitment system, and it holds an important role as the supporting system in the Elections. The PPK and PPS Sekretariat recruitment is integrated in the 2020 Simultaneous Elections which is contained in the Republic of Indonesia General Elections Commission/KPU Decree Number 66/PP.06.4-Kpt/03/KPU/II/2020 on the Technical Guidelines for Formation of the PPK, PPS, PPDP (voter data updating personnel) and KPPS (voting groups) in the Elections. The requirements of the PPK and PPS Sekretariat is contained in the mentioned KPU Decree, and i

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Reddy, M. Gopinath, and Bishnu Prasad Mohapatra. "Finances of Panchayats and Status of Own Revenues in Telangana State: A Critique." Indian Journal of Public Administration 68, no. 1 (2022): 100–115. http://dx.doi.org/10.1177/00195561211052112.

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The Panchayati Raj Institutions (PRIs) have emerged as instruments of local government since 1992 with the passage of the 73rd Constitutional Amendment Act in India. In Telangana, the state government in the recent period has enacted State Panchayat Raj Act and constituted its first State Finance Commission (SFC). This article is a part of a larger study conducted in the context of the constitution of the first SFC. The article reveals that the own revenue of panchayats is quite low and transfer from the state and central governments constitute two key sources of these bodies. However, these b

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Chokaa, Vincent, Dr Bernard Baimwera (PhD), Dr Ken Mugambi (PhD), and Prof Thomas A. Senaji (PhD). "Legal Framework and Financial Corporate Compliance in Public Universities in Kenya." Journal of Finance and Accounting 2, no. 2 (2023): 19–25. http://dx.doi.org/10.70619/vol2iss2pp19-25.

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One of the important components of corporate governance that improves accountability and transparency in an institution's financial management is financial corporate compliance. The emergence of alarming cases of financial impropriety in Kenya's public universities has intensified the demand for financial accountability in the public sector and exposed the boards and management to increasing scrutiny. Public organizations have reported cases of inadequate or absent financial compliance, and public universities have also cited comparable circumstances in audit reports. It is unclear, however, w

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Khan, Ansa Javed. "FINANCIAL AUTHORIZATION OF PROVINCES UNDER 18TH CONSTITUTIONAL AMENDMENT IN PAKISTAN: A CASE STUDY OF THE 7TH NFC (NATIONAL FINANCE COMMISSION) AWARD." Pakistan Journal of Humanities and Social Sciences Research 1, no. 2 (2018): 75–86. http://dx.doi.org/10.37605/pjhssr.1.2.7.

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Since inception, Pakistan is having a federal democracy. Provinces are authorized in the important subjects with regard to public services of the economy including security and law making at Provincial level. The first part of the paper briefly discusses the 18th amendment which was incorporated by the National Assembly of Pakistan on 8th April 2010. The amendment has not only brought major changes in the constitution of 1973 but has redefined the correlation between the two significant tiers of the governments. Central government was entrusted with the domains such as defense, currency and fo

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Khobragade, Sweksha mahendra, and Rekha Acharya. "Obstacles in Economic Growth of Madhya Pradesh." Journal of Global Economy 12, no. 3 (2016): 195–204. http://dx.doi.org/10.1956/jge.v12i3.422.

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In any country, the fruits of economic growth transfers up to grass root level through various channels and modes. In India there is three tier system of transferring resources- especially financial resources - central government to states and from states to local bodies. This system has been questioned by different researchers from time to time as this flow of resources is not smooth but skewed. Many time gaps are observed between projections and actual receipts. This time lag pushed the development on back foot. This paper has analysed the trend and gaps in the financial transfers from centr

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Garg, Shubham, Karam Pal Narwal, and Sanjeev Kumar. "Implication of Goods and Service Tax on State’s Revenue Efficiency: An Empirical Study on Indian States." Review of Finance and Banking 15, no. 1 (2023): 17–28. http://dx.doi.org/10.24818/rfb.15.01.02.

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The current study tries to assess the implications of GST adoption on the revenue efficiency of the Indian states. The results indicate that the GST implementation has increased the C-efficiency ratio of the country. Similarly, at the sub-national level, the GST implementation has increased the revenue efficiency for the consumptive and minor Indian states i.e. Manipur, Mizoram, Meghalaya, Assam, Sikkim and Nagaland. Although, the developed states still have a higher share of total GST revenue in the country, but the adoption of GST will mitigate the inter-state disparity by shifting the reven

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Garg, Shubham, Karam Pal Narwal, and Sanjeev Kumar. "Implication of Goods and Service Tax on State’s Revenue Efficiency: An Empirical Study on Indian States." Review of Finance and Banking 15, no. 1 (2023): 17–28. http://dx.doi.org/10.24818/rfb.23.15.01.02.

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The current study tries to assess the implications of GST adoption on the revenue efficiency of the Indian states. The results indicate that the GST implementation has increased the C-efficiency ratio of the country. Similarly, at the sub-national level, the GST implementation has increased the revenue efficiency for the consumptive and minor Indian states i.e. Manipur, Mizoram, Meghalaya, Assam, Sikkim and Nagaland. Although, the developed states still have a higher share of total GST revenue in the country, but the adoption of GST will mitigate the inter-state disparity by shifting the reven

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Bordo, Michael D., and Angela Redish. "Why Did the Bank of Canada Emerge in 1935?" Journal of Economic History 47, no. 2 (1987): 405–17. http://dx.doi.org/10.1017/s0022050700048154.

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Three possible explanations for the emergence of the Canadian central bank in 1935 are examined: that it reflected the need of competitive banking systems for a lender of last resort, that it was necessary to anchor the unregulated Canadian monetary system after abandonment of the gold standard in 1929, and that it was a response to political rather than purely economic pressures. Evidence from a variety of sources (contemporary statements to a Royal Commission, correspondence of chartered bankers, newspaper reports, academic writings, and estimation of time series econometric models) rejects

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Dr., Y. Poornima. "PUBLIC POLICY AND MANAGEMENT- A CONCEPTUAL FRAMEWORK." International Journal of Multidisciplinary Research and Modern Education 3, no. 2 (2017): 61–65. https://doi.org/10.5281/zenodo.852641.

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Public Policy and Management is a timely topic for discussion, as it affects all of us and so we should try to know about it thoroughly. Public Policy formulation has been there since the beginning of civilization. But with the publication of the book “Policy Sciences” by Harold Lasswell and Daniel Lerner, it has gained a new orientation.Though public policy has been formulated and implemented all over the world, we limit our discussion to its status in India. We also discuss its connection to the Management science.Public Policy is a Government Policy and not a private one. It is a policy mat

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Dodig, Nina, and Hansjörg Herr. "Current account imbalances in the EMU: An assessment of official policy responses." Panoeconomicus 62, no. 2 (2015): 193–216. http://dx.doi.org/10.2298/pan1502193d.

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To handle the sovereign debt crisis in general and macroeconomic imbalances in particular the leading EU institutions and the Troika (European Central Bank, European Commission and International Monetary Fund) adopted two broad approaches: The short-term approach is based on enhancing the Stability and Growth Pact and to impose fiscal austerity on crisis countries. The medium- to long-term strategy consists of internal devaluation via reducing wage costs. Both approaches were combined with structural adjustment programs in the spirit of the Washington Consensus. The Troika?s policy implies an

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Mbama, Pierre Claude, Magloire Tchatchoua Nya, and Bitomo Bekolo. "Asymmetric financial support and risk of non-repayment of bank loans: An analysis in the CEMAC context." Risk Governance and Control: Financial Markets and Institutions 13, no. 4 (2023): 8–17. http://dx.doi.org/10.22495/rgcv13i4p1.

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The aim of this article is to determine the factors contributing to the increase in the risk of non-repayment of bank loans in financing relationships in the Central African Economic and Monetary Community (CEMAC) zone. Analysis of data from reports by the Central African Banking Commission (COBAC) has established these various factors. A summary of the analyses reveals that the presence of information asymmetry in the relationship leads the bank and the company to give priority to personal interests (Mbama, 2022). The proposed solution encourages both parties to promote reciprocal and benevol

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Kowalski, Arkadiusz Michał, and Jakub Rybacki. "Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy?" Economies 9, no. 1 (2021): 11. http://dx.doi.org/10.3390/economies9010011.

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Based on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the case of R&D expenses and the relative position on the global technological frontier. We propose a simple fixed effect panel regression measuring relative innovativeness potential. Our model suggests that current ranking leaders, i.e., Nordic countries (Sweden, Denmark, and Finland) and Germany, ar

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Putrijanti, Aju, Kadek Cahya Susila Wibawa, Megawati Purnamasari, and Henny Juliani. "Optimizing the Role of Indonesian Broadcasting Commission in the Context of Disseminating Health Information during the Covid-19 Pandemic." Pakistan Journal of Medical and Health Sciences 16, no. 7 (2022): 658–60. http://dx.doi.org/10.53350/pjmhs22167658.

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Introduction: Information technology is developing very rapidly along with the emergence of the Covid-19 Pandemic. Various information related to Covid-19 delivered by broadcasters is required to be strictly monitored to ensure that the information received by the public is correct and valid. The Indonesian Broadcasting Commission has the authority to monitor the broadcasting. Objectives: This paper aimed to analyze the optimization of the role of the Indonesian Broadcasting Commission to monitor the spread of health information during the Covid-19 pandemic. Research Methodology: This study co

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Gomez, Mario. "The Right to Information and Transformative Development Outcomes." Law and Development Review 12, no. 3 (2019): 837–64. http://dx.doi.org/10.1515/ldr-2019-0046.

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Abstract One of the innovations of the past 30 years has been the creation and subsequent use of the “right to information (RTI)” to deepen democracy, enhance citizen participation and generate transparent systems of governance. Transitional societies and existing democracies alike have embraced legal regimes on the right to information. An RTI law gives a person a right to demand information from a public body (and in some cases from private bodies as well) without having to disclose why the information is being sought. Such a right can enhance transparency in public administration, decrease

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Du, Fei, Guliang Tang, and S. Mark Young. "Influence Activities and Favoritism in Subjective Performance Evaluation: Evidence from Chinese State-Owned Enterprises." Accounting Review 87, no. 5 (2012): 1555–88. http://dx.doi.org/10.2308/accr-50196.

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ABSTRACT This study addresses the two-way process in which a subordinate and a superior engage in influence activities (bottom-up) and favoritism (top-down) in subjective Performance Evaluation. The research context is the Chinese government's evaluation of Chinese state-owned enterprises (SOEs) by the State-Owned Assets Supervision and Administration Commission of China (SASAC). We analyze archival records of the government's evaluation scores, score adjustments, and evaluation ratings given to 63 SOEs between 2005 and 2007. These analyses are also interpreted based on insights gained from in

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De Witte, Bruno. "The European Union’s COVID-19 recovery plan: The legal engineering of an economic policy shift." Common Market Law Review 58, Issue 3 (2021): 635–82. http://dx.doi.org/10.54648/cola2021046.

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The article presents a legal analysis of the EU’s COVID-19 recovery plan, adopted to deal with the economic consequences of the COVID pandemic. The plan was proposed by the European Commission in May 2020 under the name “Next Generation EU”, was adopted in the final weeks of 2020 and will be implemented from mid-2021. After briefly presenting the sequence of events leading to the adoption of the recovery plan and the political context at the outset of the pandemic, the article examines the main legal issues raised by the NGEU programme. The adoption of the recovery plan was not only a politica

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M., Rangaswamy. "PANCHAYATH RAJ INSTITUTIONS AND RURAL DEVELOPMENT – AN ANALYSIS." Shanlax International Journal of Arts, Science and Humanities 6, S2 (2019): 196–203. https://doi.org/10.5281/zenodo.3271491.

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<em>An attempt is made in this paper is to analyse the Panchayat Raj Institutions and rural development. Panchayati Raj Institutions (PRIs) are three tier structures to ensure the rural development and people’s participation in local government. By 73rd constitutional amendment Indian government empowered the PRIs for making their own development plan, levy taxes, running schools, hospitals etc., making roads etc. PRIs can decide the local priorities and prepare the development plan. Finance commission directly send money to PRIs to ensure best utilization of funds for local development.

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Ochinyabo, Samuel. "Government Expenditure and Its Effect on Achieving the Sustainable Development Goals in Nigeria." African Journal of Economics and Sustainable Development 4, no. 3 (2021): 170–84. http://dx.doi.org/10.52589/ajesd-q7oibdax.

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This study examined government expenditure and its effect on achieving the Sustainable Development Goals in Nigeria. This was undertaken given that Nigeria is a democratic underdeveloped economy seeking sustainable development. The Millennium Development Goals, the predecessor of SDGs, did not achieve much and now there are the Sustainable Development Goals to finance in the face of a volatile mono-economy, corruption, weak budgetary system, decaying infrastructure and security challenges. The specific objective of this study is to analyze the structure and trend of government expenditure from

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Bańkowska, Katarzyna, Malgorzata Osiewicz, and Sébastien Pérez-Duarte. "Measuring Nonresponse Bias in a Cross-Country Enterprise Survey." Austrian Journal of Statistics 44, no. 2 (2015): 13–30. http://dx.doi.org/10.17713/ajs.v44i2.60.

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Nonresponse is a common issue affecting the vast majority of surveys. Efforts to convince those unwilling to participate in a survey might not necessary result in a better picture of the target population and can lead to higher, not lower, nonresponse bias.We investigate the impact of non-response in the European Commission & European Central Bank Survey on the Access to Finance of Enterprises (SAFE), which collects evidence on the financing conditions faced by European SMEs compared with those of large firms. This survey, conducted by telephone bi-annually since 2009 by the ECB and the Eu

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Akhlaque Hussain Larik and Dr. Amir Chandio. "Federation of Pakistan and the Role of Council of Common Interest (CCI): An Analysis." Critical Review of Social Sciences Studies 3, no. 2 (2025): 800–809. https://doi.org/10.59075/qpzwfx10.

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This study explores the evolutionary growth of federation of Pakistan, how to divide up funds and what the constitutional body known as the Council of Common Interest is supposed to do in case of crises, according to Pakistan's 1973 constitution. Pakistan may be a newly formed nation, but its federal political history is woefully inadequate and appears to disregard federalism's guiding principles. The smaller provinces of the country have grievances towards the central government for their rights. The constitution of 1973 provides the constitutional body to resolve the contradictions and confl

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Todericiu, Ramona. "Challenges for Romanian SMEs: A Study of the Romanian Central Region SMEs." Studies in Business and Economics 16, no. 3 (2021): 266–77. http://dx.doi.org/10.2478/sbe-2021-0059.

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Abstract The 21st century is certainly the century of SMEs which represent, according to the Annual Report on SMEs for the years 2019-2020 prepared by the European Commission, over 99% of non- financial businesses at EU level, and which provide 66% of total jobs and 57% of value added in the EU non-financial businesses sector. SMEs are considered to be” vectors of innovation that contribute significantly to increasing long-term labor productivity and sustainable economic development. ” (CCE, Raport special, 2020). The need for permanent support for the development of the sector is recognized a

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Braun, Benjamin, and Marina Hübner. "Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the Euro Area." Competition & Change 22, no. 2 (2018): 117–38. http://dx.doi.org/10.1177/1024529417753555.

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This article seeks to situate and explain the European Union’s push for a Capital Markets Union – and thus for a more market-based financial system – in the broader context of macroeconomic governance in politically fractured polities. The current governance structure of the European Monetary Union severely limits the capacity of both national and supranational actors to provide a core public good: macroeconomic stabilization. While member states have institutionalized fiscal austerity and abandoned other macroeconomic levers, the European polity lacks the fiscal resources necessary to achieve

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Dumitru, Ionuţ, and Ionela Dumitru. "Are Firms from European Union Financially-Stressed Countries More Credit Constrained?" Proceedings of the International Conference on Business Excellence 18, no. 1 (2024): 120–29. http://dx.doi.org/10.2478/picbe-2024-0010.

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Abstract Using a large microdata database from the European Commission and European Central Bank survey (Survey on Access to Finance of Enterprises), we investigate in this paper what factors are playing a significant role in explaining why companies from European Union are credit constrained, and if the firms from financially stressed countries are more credit constrained. We found that smaller companies are more likely to be more credit constrained than larger companies in all our estimated models. The impact of the age of the firm on credit access is found to be mixed. A positive performanc

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Jaeger-Klein, Caroline. "Monuments, Protection and Rehabilitation Zones of Vienna. Genesis and status in legislation and administration." International Journal of Business & Technology 6, no. 3 (2018): 1–9. http://dx.doi.org/10.33107/ijbte.2018.6.3.10.

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Austria has a very long tradition in monument protection. Already in 1853, the central commission to research and preserve the built historic monuments started to operate. The current law on monument protection is from the year 1923. Hence, the most successful steps to secure the country’s built cultural heritage date back to a new provincial legislation, administration and finance system implemented in the early 70ies of the 19th century based on so-called Old-City Preservation Acts. By this sensitive approach, Austria safeguarded the most important historic city centers of Austria like Salzb

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Pokharel, Prakash. "Position and Trends of Resource Gap in Nepal." KMC Research Journal 7, no. 1 (2023): 79–100. http://dx.doi.org/10.3126/kmcrj.v7i1.65079.

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Nepal's budget shortfall stems from excessively high recurring expenses, constituting over 60% of the government's total spending. Conversely, capital expenses linger below 20%. This imbalance highlights an unfriendly stance towards growth in the budget deficit, necessitating reduction. This study has examined the position and trends of resource gap in Nepal for which the source of the data used in the analysis was secondary. The data has been collected for the period 1986-87 to 2021-22 from the Central Bureau of Statistics (CBS) under the National Planning Commission (series of GDP). Descript

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