The Quality Of Bureaucracy And Capital Account Policies
DOWNLOAD
FREE 30 Days
Download The Quality Of Bureaucracy And Capital Account Policies PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Quality Of Bureaucracy And Capital Account Policies book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Quality Of Bureaucracy And Capital Account Policies
DOWNLOAD
FREE 30 Days
Author : Chong-En Bai
language : en
Publisher: World Bank Publications
Release Date : 2001
The Quality Of Bureaucracy And Capital Account Policies written by Chong-En Bai and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Administracion publica categories.
The extent of bureaucracy varies extensively across countries, but the quality of bureaucracy within a country changes more slowly than economic policies. The authors propose that the quality of bureaucracy may be an important structural determinant of open economy macroeconomic policies - especially the imposition or removal of capital control. In their model, capital controls are an instrument of financial repression. They entail efficiency loss for the economy but also generate implicit revenue for the government. The results show that bureaucratic corruption translates into the government's reduced ability to collect tax revenues. Even if capital controls and financial repression are otherwise inefficient, the government still has to rely on them to raise revenues to provide public goods. Among the countries for which the authors could get relevant data, they find that the more corrupt ones are indeed more likely to impose capital controls, a pattern consistent with the model's prediction. To deal with possible reverse causality, they use the extent of corruption in a country's judicial system, and the degree of democracy, as the instrumental variables for bureaucratic corruption. The instrumental variable regressions show the same result: more corrupt countries are associated with more severe capital controls. The results suggest that as countries develop and improve their public institutions, reducing bureaucratic corruption over time, they will choose to gradually liberalize their capital accounts. Removing capital controls prematurely when forced by outside institutions to do so could reduce rather than improve their economic efficiency.
The Quality Of Bureaucracy And Capital Account Policies
DOWNLOAD
FREE 30 Days
Author : Chong-En Bai
language : en
Publisher:
Release Date : 2016
The Quality Of Bureaucracy And Capital Account Policies written by Chong-En Bai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The more corrupt a country, the more likely it is to impose capital controls. As a country improves its public institutions over time, it tends to gradually liberalize its capital accounts. Removing capital controls prematurely could reduce rather than improve the country's economic efficiency.The extent of bureaucracy varies extensively across countries, but the quality of bureaucracy within a country changes more slowly than economic policies. Bai and Wei propose that the quality of bureaucracy may be an important structural determinant of open economy macroeconomic policies - especially the imposition or removal of capital controls.In their model, capital controls are an instrument of financial repression. They entail efficiency loss for the economy but also generate implicit revenue for the government. The results show that bureaucratic corruption translates into the government's reduced ability to collect tax revenues. Even if capital controls and financial repression are otherwise inefficient, the government still has to rely on them to raise revenues to provide public goods.Among the countries for which the authors could get relevant data, they find that the more corrupt ones are indeed more likely to impose capital controls, a pattern consistent with the model's prediction. To deal with possible reverse causality, they use the extent of corruption in a country's judicial system, and the degree of democracy, as the instrumental variables for bureaucratic corruption. The instrumental variable regressions show the same result: more corrupt countries are associated with more severe capital controls.The results suggest that as countries develop and improve their public institutions, reducing bureaucratic corruption over time, they will choose to gradually liberalize their capital accounts. Removing capital controls prematurely when forced by outside institutions to do so could reduce rather than improve their economic efficiency.This paper - a product of the Development Research Group - is part of a larger effort in the group to understand the consequences of corruption and public governance.
Review Of The Institutional View On The Liberalization And Management Of Capital Flows Background Note On Capital Flows And Capital Flow Management Measures Benefits And Costs
DOWNLOAD
FREE 30 Days
Author : Gurnain Kaur Pasricha
language : en
Publisher: International Monetary Fund
Release Date : 2022-03-30
Review Of The Institutional View On The Liberalization And Management Of Capital Flows Background Note On Capital Flows And Capital Flow Management Measures Benefits And Costs written by Gurnain Kaur Pasricha and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-30 with Business & Economics categories.
The Fund’s Institutional View (IV) recognizes the benefits of and risks associated with capital flows. Since the IV was adopted, a growing literature has provided additional insights into the benefits and risks from capital flows. This note summarizes the insights from the recent literature and the experiences of staff since the adoption of the IV that have informed this review.
An Analysis Of Foreign Direct Investment In The United Arab Emirates
DOWNLOAD
FREE 30 Days
Author : Sultan Ahmed Al-Jaber
language : en
Publisher: Emirates Center for Strategic Studies and Research
Release Date : 2008-10-14
An Analysis Of Foreign Direct Investment In The United Arab Emirates written by Sultan Ahmed Al-Jaber and has been published by Emirates Center for Strategic Studies and Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10-14 with Antiques & Collectibles categories.
The most significant challenge the UAE currently faces is the switch from the traditional approach toward luring FDI, to a modern dynamic approach. The former involves relying heavily on free zones, with additional, specific privileges offered to FDI. The new approach would require providing foreign investors with a generic environment conducive to attracting high quality FDI. The UAE needs to undertake a comprehensive review of its FDI regime. This suggested approach does not consider that the most effective instruments of attracting FDI are tax concessions or other types of foreign investment preferential treatment. Rather, it suggests that a reasonable, transparent, and stable tax system is necessary to attract modern FDI; extremely low tax rates and/or special treatment are not. As this analysis shows, an absence of any tax is not a major determinant factor of FDI in the UAE. Legislation that promotes UAE investment and regulates foreign investment needs to be enacted. This legislation should provide foreign investors with a more stable and certain investment climate and further open the UAE up to foreign investors, which in turn would provide economic benefits (such as increased productivity or technology). Agent requirements, the Commercial Law, and residency requirements should be revised urgently. Simultaneously, while considering easing most of these restrictions, the UAE government should eliminate specific privileges offered to national companies. FDI policy should be enhanced by an FDI legal framework, in line with the best international practice, with enforceability of contracts and property rights. The UAE government should reformulate the FDI regime towards FDI, not only because of the urgent need to make its current regime more competitive in attracting significant FDI inflows but also to meet the UAE’s international commitments (WTO negotiations), and because the FDI regime has, in practice, failed to use the economy’s potential efficiently. Special federal legislation is needed to maintain a corruption-free environment, including all the necessary administrative and judicial procedures to be enacted and applied at both the federal and the emirate level. The UAE should shift from restricting 100 percent ownership to ‘administered ownership’ – under which 50 percent to 100 percent ownership is permitted – subject to the potential technology transfer, type of activity or firm and the training provided to UAE nationals. A unified ownership and taxation regime across the UAE is needed to attract more FDI, stimulate exports and improve the efficiency of the UAE economy. Finally, longer-term or permanent visa permits for qualified professionals and foreign investors in specific sectors are recommended, based on project type or qualifications.
The Challenges Of Tax Reform In A Global Economy
DOWNLOAD
FREE 30 Days
Author : James Alm
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-11-29
The Challenges Of Tax Reform In A Global Economy written by James Alm and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-11-29 with Business & Economics categories.
This book presents 15 original papers and commentaries by a distinguished group of tax policy and tax administration experts. Using international examples, they highlight the state of knowledge of tax reform, present new thinking about the issue, and analyze useful policy options. The book’s general goal is to examine the current and emerging challenges facing tax reformers and to assess possible directions future reforms are likely to take. More specific themes include distributional issues, how to tax capital income, how to design specific taxes (e.g., the income tax, the value-added tax, the property tax), how to consider the politics and administrative aspects of tax reform, and how to combine the separate insights into comprehensive tax reform.
The Oxford Handbook Of The Quality Of Government
DOWNLOAD
FREE 30 Days
Author : Andreas Bågenholm
language : en
Publisher: Oxford University Press
Release Date : 2021-07-20
The Oxford Handbook Of The Quality Of Government written by Andreas Bågenholm and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-20 with Political Science categories.
Recent research demonstrates that the quality of public institutions is crucial for a number of important environmental, social, economic, and political outcomes, and thereby human well-being. The Quality of Government (QoG) approach directs attention to issues such as impartiality in the exercise of public power, professionalism in public service delivery, effective measures against corruption, and meritocracy instead of patronage and nepotism. This Handbook offers a comprehensive, state-of-the-art overview of this rapidly expanding research field and also identifies viable avenues for future research. The initial chapters focus on theoretical approaches and debates, and the central question of how QoG can be measured. A second set of chapters examines the wealth of empirical research on how QoG relates to democratization, social trust and cohesion, ethnic diversity, happiness and human wellbeing, democratic accountability, economic growth and inequality, political legitimacy, environmental sustainability, gender equality, and the outbreak of civil conflicts. The remaining chapters turn to the perennial issue of which contextual factors and policy approaches—national, local, and international—have proven successful (and not so successful) for increasing QoG. The Quality of Government approach both challenges and complements important strands of inquiry in the social sciences. For research about democratization, QoG adds the importance of taking state capacity into account. For economics, the QoG approach shows that in order to produce economic prosperity, markets need to be embedded in institutions with a certain set of qualities. For development studies, QoG emphasizes that issues relating to corruption are integral to understanding development writ large.
The Corruption
DOWNLOAD
FREE 30 Days
Author : Tudorel Andrei
language : en
Publisher: Matei Ani
Release Date : 2009
The Corruption written by Tudorel Andrei and has been published by Matei Ani this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Political corruption categories.
Abstract: The current edition in English language turns into account and completes the studies published in the previous edition. Carrying on the research and publication activities on the topic of corruption is based on its novelty and on the special interest for the Romanian language edition. At the same time, we hope that the current volume will provide greater opportunities for foreign access and thus the admittance in the European and international flows of information in this field. The core ideas of the book focus on social perception, modelled through statistic analyses, on the specificity of corruption in the public administration or the public health system in close correlation to the processes of decentralization and performance of health services. The analysis of the corruption topic is in interference with the effects of the European integration processes, globalization, being correlated to adjacent developments concerning the public integrity, national or regional economic free
In Search Of Prosperity
DOWNLOAD
FREE 30 Days
Author : Dani Rodrik
language : en
Publisher: Princeton University Press
Release Date : 2003-05-04
In Search Of Prosperity written by Dani Rodrik and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-05-04 with Business & Economics categories.
Publisher Description
Trade Policy Standards And Development In Central America
DOWNLOAD
FREE 30 Days
Author : Gary Clyde Hufbauer
language : en
Publisher: World Bank Publications
Release Date : 2001
Trade Policy Standards And Development In Central America written by Gary Clyde Hufbauer and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Central America categories.
Faster economic growth and expansion of exports in Central America in the 21st century will depend on many factors. These include efficient and modern standards systems and an end to technical barriers to trade. Regional efforts can be an efficient way to modernize standards systems.
Structural Adjustment And Forest Resources
DOWNLOAD
FREE 30 Days
Author : Kiran D. Pandey
language : en
Publisher: World Bank Publications
Release Date : 2001
Structural Adjustment And Forest Resources written by Kiran D. Pandey and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Deforestation categories.
Structural adjustment has not promoted domestic deforestation, but it has increased net imports of wood products, implying some displacement of pressure onto other countries' forest resources. Devaluations have significantly increased the exploitation of forest resources.