支持辽宁文化事业大发展的财政政策研究

文化建设是中国特色社会主义总体布局的重要组成部分,文化发展离不开财政的大力支持。财政政策的目标应与辽宁省国民经济以及文化发展的目标相一致。财政政策主要是拉动文化增长的政策,着力点应放在扩大内需上。为了促进辽宁文化事业的大发展、大繁荣,必须制定相应的财政支持政策,而且应做到多项并举。     

Government spending multipliers in contraction and expansion

This paper investigates the impact of government spending on output and the size of the spending multiplier during periods of output contraction and expansion. It also investigates the impact of spending when the economy hits the nominal zero lower bound. It uses a panel of 21 advanced countries over the period of 1979–2011, applying a TSLS estimation technique. We find a spending multiplier of close to 1 during expansion and values of up to 3 during contractions. However, our results do not indicate a difference in the impact of spending during nominal zero lower bound periods.     

The effect of host country Internet infrastructure on foreign expansion of Korean MNCs

This study examines the effect of host country Internet infrastructure on a multinational corporation (MNC) foreign expansion. Using Heckman’s selection model on a sample of 2589 subsidiaries of 487 Korean MNCs between 1990 and 2011, we find that host country Internet infrastructure is important in MNC expansion decisions. In addition, we find that a well-developed Internet infrastructure within a host country leads to more investments from MNCs producing consumer over industrial goods and is more attractive to domestic market followers than market leaders. We find that the host country’s Internet infrastructure is important for an MNC foreign expansion decision, suggesting that efficient communication within an MNC is critical in coordinating globalized MNC subsidiary operations.     

Decomposing local fiscal multipliers: Evidence from Japan

Recent studies on fiscal policy use cross-sectional data and estimate local fiscal multipliers along with spillovers. This paper estimates local fiscal multipliers with spillovers using Japanese prefectural data comparable with the national accounts. We estimate the local fiscal multiplier on output to be 1.7 at the regional level. We decompose the regional fiscal multiplier into the prefectural fiscal multiplier and the region-wide effect. Converting the latter component into the spillover, we find that the spillover is positive and small in size. We also decompose the regional fiscal multiplier on output into multipliers on the expenditure components. Our estimates suggest that there are crowding-in effects of government spending on consumption and investment. Moreover, we find that the regional fiscal multiplier on absorption exceeds 2.0 and that the spillover to absorption is considerable in contrast to the spillover to output.     

Regime changes and fiscal sustainability in Kenya

Kenya's fiscal policy landscape is characterized by primary deficit spending forcing the government to rely on debt to meet its objectives. The justification often being that as a developing economy, annual growth rates and future prospects may in the short run justify the uptake of debt to finance infrastructural development. However, given potential fiscal limits, fiscal cycles usually alternates between sustainable and unsustainable regimes and this has a bearing on long run sustainability. This study therefore sought to investigate the nature of fiscal policy regime in Kenya and the extent to which fiscal policy is sustainable in the long run taking into account periodic regime shifts. Markov switching models were used to endogenously determine fiscal policy regimes. Regime switching tests were used to test whether No-Ponzi game condition and debt stabilizing condition were met. The results established that regime switching model was suitable in explaining regime sustainable and unsustainable cycles. An investigation of fiscal policy regimes established that both sustainable and unsustainable regimes were dominant, and each lasted for an average of four years. There was evidence to imply the existence of procyclical fiscal policy in Kenya. Regime switching tests for long run sustainability suggested that the No-Ponzi game condition weakly holds in the Kenyan economy. Regime-based sensitivity analysis indicated that persistence of unsustainability regime for more than 4 years could threaten long-run fiscal sustainability.     

Spatiotemporal dynamics of soybean crop in the Matopiba region,Brazil (1990–2015)

Brazil is a world leader in the production and export of grains, particularly soybeans. The newest agricultural frontier in Brazil is the Matopiba region, which is a continuous zone formed by the states of Maranhão, Tocantins, Piauí, and Bahia, located mostly within the Cerrado biome. The objective of this study was to analyze the spatiotemporal dynamics of soybean production and yield in the Matopiba region. We analyzed municipality-based planted areas and production data obtained by the Brazilian Institute of Geography and Statistics during 1990–2015. Yield was estimated from the production and planted area, and the data were analyzed using global and local Moran indices. The results showed that soybean production in the Matopiba region does not occur randomly. Positive and significant autocorrelation was found at the beginning of the time series among those municipalities located in the west of Bahia. This region influenced the soybean expansion from south to north. Currently, high-production areas are concentrated in two autocorrelated blocks: one in western Bahia and the other in the central Matopiba region. Analysis of spatial autocorrelation involving yield showed a decreasing trend at the end of the time series. The presence of municipalities with high yield surrounded by others with low yield, and vice-versa, were observed. The findings of this study could assist local and regional agricultural planning in the Matopiba region, and support related analyses in other fields of agriculture, the environment, and logistics.     

New development: Fiscal reform in South Korea: looking back and moving forward

ABSTRACT

At first glance, it seems that South Korea’s three fiscal systems (mid-term expenditure framework, top-down budgeting, and performance management) function well. However, each fiscal system operates separately and they are inefficient because they follow past practices. This article explains what the problems are and how to overcome them.     

Twenty-year review of South African fiscal policy: A tale of two sustainabilities

In 2014 democracy in South Africa was 20 years old. The democratic government in 1994 inherited both a high and increasing public debt/gross domestic product ratio and significant development backlogs. The government had to establish fiscal sustainability, yet also pursue development in a sustainable way. This article explores the government's performance in reconciling fiscal sustainability with sustainable development. The article shows that fiscal policy has been sustainable over the 20 years, with some risks appearing towards the end, and that the government pursued sustainable development through reallocating resources within the budget and by spending more in real terms. Three phases can be identified: 1994–2000, 2001–08 and 2009–13. However, poor service delivery and low levels of government investment during the 20 years threaten to undermine economic growth. Lower growth consequently threatens the sustainability of both fiscal policy and development, which, in turn, again undermines growth prospects. Hence, the article also identifies key future challenges.     

旅游发展对城市工业化的影响及其差异性研究——以58个旅游城市为例

文章构建了旅游业发展影响工业化的理论模型，并利用2000—2016年中国58个旅游城市面板数据和动态面板模型，从总体、专业化、规模和区域等多维度，分析检验了旅游业发展对城市工业化的影响及差异性。结果表明：无论是宏观层面，还是三种分类检验，旅游业发展对城市工业化都具有负向效应。当前，中国旅游城市存在一定的“旅游诅咒”效应，阻滞了其工业化深化；分专业化研究可知，旅游业发展对工业化的负向作用，由大到小依次为旅游高专业化、低专业化和半专业化城市；分规模研究发现，中型旅游城市的最显著，小型旅游城市次之，而大型旅游城市最不显著；分区域研究表明，中西部旅游城市的较突出，而东部旅游城市统计上并不显著。这为各个旅游城市采取有效措施及时防范和规避“旅游诅咒”效应和正确处理“旅游业+工业化”关系提供了参考依据。