27 research outputs found
Has Trade Openness Increased all Portuguese Public Expenditures? A Detailed Time-Series Study
This work aims at identifying the public outlays that has been influenced by the growth of Portuguese trade openness since the end of World War II. For the Portuguese reality, it is one of the first attempts to discuss a large set of simultaneously tested control variables. For this purpose, the methodology started from a model that tries to the public expenditures to a system of simultaneous macroeconomic forces and, for testing, it followed the steps associated with cointegration analysis. Using the most convenient techniques, a restrictive set of four expenditures (subsidies, interest payments, other current expenditures, and total public expenditures as a proportion of GDP) was found among the wider set suggested by the Literature. The nature of these expenditures supports the claim that, for the Portuguese case, a particular validity of the compensation hypothesis has been observed. The achieved evidence promotes an important rule: in addition to there being a long-term relation between (some) public expenditures and trade openness, short-term relations may also appear.globalization, economic policy, government expenditure composition
Towards a Puvianiâs Fiscal Illusion Index
This paper presents an index of Fiscal Illusion for 68 democratic countries from 1960 to 2006. The theory of Fiscal Illusion studied relates to a wrong perception of government budget aggregates from the votersâ and taxpayersâ perspectives. In the construction of the index, methodological issues were carefully taken into account. The results obtained reveal that Fiscal Illusion varies greatly around the world. Countries such as Mali, Pakistan, Russia, and Sri Lanka have the highest average values over the time period considered, while Austria, Luxembourg, Netherlands, and New Zealand have the lowest. Regarding the time dimension, between 1980 and 1995 there was a significant decrease in the average value of the index across countries, suggesting a reduction in the adoption of Fiscal Illusion practices during this period. After 1995, the index remained stable in most countries.Fiscal Illusion; Indexes/Indicators; Democracy.
Sins of the elder: Fiscal illusion in democracies.
This work discusses the implications of democratic maturity on levels of Fiscal Illusion. Its main contribution is to identify the relevance of good-governance institutions that prevent incumbents in established democracies from degenerating into electoral rent-seekers. This work develops a model that converges with a Gordon (1989) type theorem. This theorem predicts that some countries ruled by incumbents are more likely to revert to FI practices as the electorateâs maturity increases and if there are no strong restrictions on the social acceptance of political rents. Our empirical results show that democratic maturity tends to diminish fiscal illusion.Democratic maturity; Fiscal Illusion; rent-seeking.
Whether trade openness has increased all the components of Portuguese public expenditure
This work aims at identifying the public outlays that has been influenced by the growth of Portuguese trade openness since the end of World War II. For the Portuguese reality, it is one of the first attempts to discuss a large set of simultaneously tested control
variables. For this purpose, the methodology started from a model that tries to the public expenditures to a system of simultaneous macroeconomic forces and, for testing, it followed the steps associated with cointegration analysis. Using the most convenient techniques, a restrictive set of four expenditures (subsidies, interest payments, other current expenditures, and total public expenditures as a proportion of GDP) was found among the wider set suggested by the Literature. The nature of these expenditures supports the claim that, for the Portuguese case, a particular validity of the compensation hypothesis has been observed. The achieved evidence promotes an important rule: in addition to there being a long-term relation between (some) public expenditures and trade openness, short-term relations may also appear
Contributo para uma visao econĂłmica do associativismo religioso - o caso da localizacao das confrarias activas de Lisboa
Where are the brotherhoods of the Patriarchate of Lisbon? Why are these brotherhoods located in such spaces? The present work answers to these two questions, being a pioneer attempt about the thematic, in Portugal. Through the empirical validation recurring to logit models, this paper identifies as determinants the human diversity of the spaces (parishes) and the related tradition, not confirming the hypothesis of the purchase power of the resident people. Therefore, it is confirmed that the resources constraint of this kind of social groups considers the cultural and the traditional richness as fundamental to the detriment of the exclusive budget restriction.regional economics, social economics, religious brotherhoods
Je li trgovinska otvorenost poveÄala sve komponente portugalskih javnih rashoda? Detaljna analiza vremenskih serija
Cilj rada je identificirati javne rashode koji su bili pod utjecajem rasta portugalske trgovinske otvorenosti od kraja Drugoga svjetskog rata. Za Portugal je to jedan od prvih pokuĆĄaja rasprave o velikom skupu simultano testiranih kontrolnih varijabli. Metodologija za tu namjenu sastoji se od modela kojima se pokuĆĄavaju identificirati javni rashodi do sustava simultanih makroekonomskih sila, koji je radi testiranja dopunjen kointegracijskom analizom. Uz pomoÄ najprikladnijih tehnika pronaÄen je restriktivan skup Äetiriju vrsta rashoda (subvencije, rashodi na kamate, ostali tekuÄi rashodi i ukupni
javni rashodi kao udio u BDP-u) unutar ĆĄireg seta koji se obiÄno navodi u literaturi.
Priroda tih rashoda govori da je, vezano za Portugal, potvrÄena specifiÄna valjanost kompenzacijske hipoteze. Postignuti dokaz promiÄe vaĆŸno pravilo: osim dugoroÄne veze izmeÄu (nekih) javnih rashoda i trgovinske otvorenosti, izmeÄu te dvije varijable moĆŸe
se pojaviti i kratkoroÄna veza
Tax havens or tax hells? A discussion of the historical roots and present consequences of tax havens
Tax havens are not recent phenomena. However, in contrast to historical precedents, tax havens in the age of mobile capital allow for non-consensual transfers and are not profitable for every citizen. We discuss the four main groups of tax havens (former Western possessions, sovereign nations, countries controlled by cartels, and emerging economies). This article also synthesizes the history of tax havens and describes their current heterogeneity, discussing the main methods available to regulate tax haven flows. Some of the most efficient methods involve unilateral measures (such as the Fiscal Transparency of Outland Societies) but also encompass multilateral measures (such as Tax Harmonization and the Request for Information)
Women out, children out : the effect of female labor on portuguese preschool enrollment rates
This article tests whether Portuguese female activity rates have increased preschool
enrollment rates. Particularly during the last 20 years, Portuguese women have assumed new
roles in the marketplace and have become active workers outside of the home environment.
This change has encouraged more sensible decisions with respect to preschool enrollment.
Using cointegration techniques, we concluded that female activity rates and real income per
capita caused a long-term increase in preschool enrollment rates. Although the percentage of
agricultural gross value added to the gross domestic product and the number of preschool
institutes were also found to be significant in the estimated vector error correction model,
their causal relationship with preschool enrollment was only short term.COMPETE; QREN; FEDER; Fundação para a CiĂȘncia e a Tecnologia (FCT
ContribuciĂłn a una visiĂłn econĂłmica del asociativismo religioso - el caso de la localizaciĂłn de las parroquias activas de Lisboa.
ÂżDonde estĂĄn ubicadas las parroquias de Lisboa? ÂżQuĂ© explica la ubicaciĂłn de estas parroquias? El presente trabajo, pionero en Portugal, responde a Ă©stas dos preguntas. A travĂ©s de la validaciĂłn empĂrica, usando modelos logit, el artĂculo identifica como determinantes de la localizaciĂłn de las parroquias, la diversidad humana de las localidades y la tradiciĂłn de las mismas; el artĂculo no confirma la hipĂłtesis de la importancia del poder adquisitivo local. Consecuentemente, se confirma que las restricciones de recursos de Ă©ste tipo de grupos sociales incluyen la cultura y la tradiciĂłn en detrimento de la exclusividad de las restricciones de presupuesto
ContribuciĂłn a una visiĂłn econĂłmica del asociativismo religioso - el caso de la localizaciĂłn de las parroquias activas de Lisboa.
¿Donde están ubicadas las parroquias de Lisboa? ¿Qué explica la ubicación de estas parroquias? El presente trabajo, pionero en Portugal, responde a éstas dos preguntas. A través de la validación empírica, usando modelos logit, el artículo identifica como determinantes de la localización de las parroquias, la diversidad humana de las localidades y la tradición de las mismas; el artículo no confirma la hipótesis de la importancia del poder adquisitivo local. Consecuentemente, se confirma que las restricciones de recursos de éste tipo de grupos sociales incluyen la cultura y la tradición en detrimento de la exclusividad de las restricciones de presupuesto