The document summarizes key findings from research on the effects of public spending size and composition on economic growth and inequality. It finds that:
1) Larger government spending is associated with lower long-term growth, especially in countries with less effective governments, though it redistributes more and fosters equity.
2) Increasing public investment and education spending boosts long-term growth significantly without worsening inequality, though returns decrease at very high levels of capital and skills.
3) Reducing pension and subsidy spending increases growth while having limited effects on inequality, except subsidies whose reduction increases inequality.
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
Tham khảo dịch vụ, bảng giá tại: https://vietbaitotnghiep.com/dich-vu-viet-thue-luan-van
Download luận án tóm tắt ngành kinh tế với đề tài: Hoàn thiện chính sách tỷ giá ở Việt Nam giai đoạn 2010-2020, cho các bạn làm luận án tham khảo
Download luận văn đồ án tốt nghiệp ngành quản lí kinh tế với đề tài: Nâng cao chất lượng đào tạo tại trường Cao đẳng Công Nghệ và Kinh Tế Công Nghiệp Thái Nguyên, cho các bạn làm luận văn tham khảo
20393
Presentation on Fixed Income Instruments. Content includes definition, types and Advantages.
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. The benefit from investment is called a return.
Will risks-derail-the-modest-recovery-oecd-interim-economic-outlook-march-2017OECD, Economics Department
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
Tham khảo dịch vụ, bảng giá tại: https://vietbaitotnghiep.com/dich-vu-viet-thue-luan-van
Download luận án tóm tắt ngành kinh tế với đề tài: Hoàn thiện chính sách tỷ giá ở Việt Nam giai đoạn 2010-2020, cho các bạn làm luận án tham khảo
Download luận văn đồ án tốt nghiệp ngành quản lí kinh tế với đề tài: Nâng cao chất lượng đào tạo tại trường Cao đẳng Công Nghệ và Kinh Tế Công Nghiệp Thái Nguyên, cho các bạn làm luận văn tham khảo
20393
Presentation on Fixed Income Instruments. Content includes definition, types and Advantages.
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. The benefit from investment is called a return.
Will risks-derail-the-modest-recovery-oecd-interim-economic-outlook-march-2017OECD, Economics Department
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.
Economic growth of around 7½% makes India the fastest-growing G20 economy. The acceleration of structural reforms, the move towards a rule-based policy framework and low commodity prices have provided a strong growth impetus.
Sweden's output has been lifted by an expanding labour force, investment and a recent pick-up in productivity.Unemployment is receding, although it remains relatively high for vulnerable groups, notably the foreign-born.
Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could help reduce them again.
Italy 2017 OECD Economic Survey Le riforme stanno dando risultati, ma restano...OECD, Economics Department
L'economia italiana è in via di ripresa dopo una lunga e profonda recessione. A migliorare la situazione economica hanno contribuito le riforme strutturali, le politiche monetarie e di bilancio accomodanti e i prezzi contenuti delle materie prime.
Italy is recovering after a deep and long
recession. Structural reforms, accommodative
monetary and fiscal conditions, and low
commodity prices have helped the economy to turn
the corner.
Restructuring public spending for efficiency - Jean-Marc FOURNIER, OECDOECD Governance
This presentation was made by Jean-Marc FOURNIER, OECD, at the 10th Annual Meeting of Middle-East and North Africa Senior Budget Officials (MENA-SBO) held in Doha, Qatar, on 6-7 December 2017
Fiscal space and the composition of public finances - Jean-Marc Fournier, OECDOECD Governance
This presentation was made by Jean-Marc Fournier, OECD, at the 9th Annual Meeting of the OECD network of Parliamentary Budget Officials and Independent Fiscal Institutions held in Edinburgh, Scotland, on 6-7 April 2017.
Economic Environment - Christian KASTROP, OECDOECD Governance
This presentation was made by Christian Kastrop, OECD, at the 38th Annual Meeting of OECD Senior Budget Officials held in Lisbon, Portugal, on 1-2 June 2017
While growth has picked up, more needs to be done for Japan to overcome two key challenges – a record high government debt ratio and an accelerating decline in its working-age
population.
Tax policy and its economic and budgetary impacts - Luiz de Mello, OECDOECD Governance
This presentation was made Luiz de Mello, Economics Department, OECD, at the 11th Meeting of OECD PBO & IFIs held in Lisbon, Portugal, on 4-5 February 2019
Fiscal space and the composition of public finances - Christian Kastrop, OECDOECD Governance
This presentation was made by Christian Kastrop, OECD, at the 9th Annual Meeting of the OECD network of Parliamentary Budget Officials and Independent Fiscal Institutions held in Edinburgh, Scotland, on 6-7 April 2017.
Fiscal space and the composition of public finances - Christian Kastrop, OECDOECD Governance
This presentation was made by Christian Kastrop, OECD, at the 9th Annual Meeting of the OECD network of Parliamentary Budget Officials and Independent Fiscal Institutions held in Edinburgh, Scotland, on 6-7 April 2017.
Presentation by OECD Chief Economist, Laurence Boone, on Inclusive Growth at the farewell conference in honor of Governor Karnit Flug, The Van Leer Institute in Jerusalem, 4 November 2018
FreeBalance Government Customers on the Road to Improved GovernanceFreeBalance
Study comparing national governments running FreeBalance Government Resource Planning (GRP) for Public Financial Management (PFM) for governance outcomes such as government effectiveness and country growth with peer countries that are not running FreeBalance software
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Effect of size and mix of public spending on growth and inequality
1. Paris, 24 November 2016
The effect of the size and mix
of public spending on
growth and inequality
www.oecd.org/economy/economicoutlook.htm
ECOSCOPE blog: oecdecoscope.wordpress.com
2. Key messages
2
On the size and effectiveness of government
• Larger governments are associated with lower long-term growth
• For countries with well-functioning governments, the adverse growth effect is
smaller
• Large governments tend to redistribute more, which fosters equity.
On the structure of spending
• Higher public investment is associated with large growth gains and lifts “all boats” as
it raises average incomes without any adverse equity effects
• The growth gains from higher investment decline at a high level of the public capital
stock, though virtually all countries have room for additional spending
• Improving student performance yields large gains for all by raising skills
• Reducing the share of pension spending and of subsidies boosts growth. Lower
pension spending has no adverse effects on disposable income inequality, but lower
subsidies increase inequality
• Spending more on family and child care benefits reduces inequality as they benefit
lower-income families more
3. Impact of different instruments on
growth and equity
3
Policy Growth Equity
Income of
the poor
Countries with the most
room for growth gains
Decreasing the size of
government
Low to moderate
government
effectiveness
+ - +
BEL, CZE, FRA, GRC,
HUN, ITA, POL, PRT, SVN
High government
effectiveness n.s. - -
Increasing government effectiveness + + + FRA, GRC, HUN, ITA, SVN
Increasing education outcomes + 0/+ + CHL, GRC, MEX, PRT, TUR
Increasing public investment (including R&D) + n.s. +
BEL, DEU, GBR, IRL,
ISR, ITA, MEX, TUR
Pension reform + n.s. +
AUT, DEU, FIN, FRA, GRC,
ITA, JPN, POL, PRT, SVN
Increasing family benefits n.s. + + CHE, ESP, GRC, PRT
Decreasing public subsidies + - n.s. BEL, CHE
Note: + stands for a positively significant, – for a negatively significant and n.s. for non-significant effect.
Source: Fournier and Johansson (2016), “The Effect of the Size and the Mix of Public Spending on Growth and Inequality”,
OECD Economics Department Working Papers, No. 1344.
5. Changes to the spending and tax mix have
gone in the wrong direction between
2007 and 2013
5
Source: OECD Public Finance Dataset, forthcoming.
6. Design of public spending, growth and
inequality: the approach
6
Key issue: Raising long-term growth while addressing inequality
Empirical setup:
• Growth: Neoclassical convergence model
• Inequality: Estimation of the impact of the mix of spending along the
distribution of household income
• The overall effect of public finance on the distribution of disposable income is
the sum of the direct effect on disposable income and the indirect growth
effect.
8. Long-term GDP gains from reducing the
size of government
8
0
5
10
15
20
25
30
35
Size of governmentPer cent
Note: In countries where the size of government is above the average level of countries in the bottom
half of the sample, the government size will gradually converge to this level (36% of GDP). The figure
reports the effect after 45 years of a reform phased in over 10 years.
9. Long-term GDP gains from
improving government effectiveness
9
0
5
10
15
20
25
30
35
Effectiveness of governmentPer cent
Note: In countries where the effectiveness of government is below the average level of countries in the
top half of the sample, government effectiveness will gradually converge to this level. The figure reports
the effect after 45 years of a reform phased in over 10 years.
10. Government effectiveness and growth
10
The adverse effect of government size on potential GDP decreases with
government effectiveness
GDP gain of one spending point increase of public spending, in per cent
Perception of government effectiveness
-20
-15
-10
-5
0
5
10
0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2
11. Government effectiveness and growth
11
Size of government and citizens’ perception of their effectiveness
AUS
AUT
BEL
CAN
CHE
CZE
DEU
DNK
ESP
EST
FIN
FRA
GBR
GRC
HUN
IRL
ISLISR
ITA
JPN
KOR
LUX
NLD
NOR
NZL
POL
PRT
SVK
SVN
SWE
USA
30
35
40
45
50
55
0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2 2.2
Perception of government effectiveness
Size of government (primary spending, % of potential GDP)
12. Illustrative gains from reducing government
size on poor, average and rich households
12
Effect of a reduction in government size on household disposable income
Note: In countries where the size of government is above the average level of that of countries in the
bottom half of the sample, the government size will gradually converge to this level (36% of GDP).
Rich and average households tend to gain from a reduction of government
size, while the effect on the poor depends on government’s effectiveness.
-30
-20
-10
0
10
20
30
40
Average effects Effects on the poor Effects on the rich
Per cent
14. Long-term GDP gains from increasing
public investment
14
0
5
10
15
20
25
30
Public investmentPer cent
Note: In countries where public investment to potential GDP is below the average ratio of
countries in the top half of the sample, public investment will converge to this average ratio. The
figure reports the effect after 45 years of a reform phased in over 10 years.
15. Decreasing returns to public investment?
15
The effect of public investment on potential GDP decreases with the level
of capital stock
GDP gain of one spending point increase of public investment, in per cent
Public capital stock, per cent of potential GDP
The analysis suggests that all OECD countries, except Japan, have room
for additional public investment.
-15
-10
-5
0
5
10
15
20 40 60 80 100 120
16. Long-term growth effects of an increase
in the education level
16
0
5
10
15
20
25
30
Quantity of education (years of schooling) Quality of education (PISA)Per cent
Note: In countries where the mean PISA score or average years of schooling are below the
average level of countries in the top half of the sample, educational attainment is assumed to
gradually converge to this level. The figure reports the effect after 45 years of a reform phased in
over 45 years..
17. Long-term GDP gains from decreasing
public subsidies
17
0
5
10
15
20
25
30
SubsidiesPer cent
Note: In countries where spending to the potential GDP ratio on subsidies is above the average
level of countries in the bottom half of the sample, spending will gradually decline to this level.
The figure reports the effect after 45 years of a reform phased in over 10 years.
18. Long-term GDP gains from decreasing
pension spending
18
0
5
10
15
20
25
30
Old age and survivors pensionsPer cent
Note: In countries where spending to the potential GDP ratio on pensions is above the average
level of countries in the bottom half of the sample, spending will gradually decline to this level.
The figure reports the effect after 45 years of a reform phased in over 10 years.
19. Illustrative gains from raising family and
child benefits on disposable income
19
Note: In countries where family benefits to potential GDP is below the average ratio of that of
countries in the top half of the sample, family benefits will gradually converge to this average
ratio.
-10
0
10
20
30
40
Average effects Effects on the poor Effects on the rich
Per cent
20. Illustrative gains from decreasing
public subsidies
20
Note: In countries where subsidies to potential GDP are above the average ratio of that of
countries in the bottom half of the sample, subsidies will gradually decline to this ratio.
-10
0
10
20
30
40
Average effects Effects on the poor Effects on the rich
Per cent
21. 21
More information
Fournier, J-M. and A Johansson (2016), “The effect of the size and mix of
public spending on growth and inequality”, OECD Economics Department
Working Papers, No. 1344.
Bloch et al. (2016), “Trends in public finance: Insights from a new
dataset”, OECD Economics Department Working Papers, No. 1345.
Johansson, A. (2016), “Public finance, economic growth and inequality: A
survey of the evidence”, OECD Economics Department Working Papers,
No. 1346.
Fournier, J-M. (2016), “The positive effect of public investment on
potential growth”, OECD Economics Department Working Papers, No.
1347.
Disclaimers:
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data
by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank
under the terms of international law.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the
delimitation of international frontiers and boundaries and to the name of any territory, city or area.