Compulsory voting and tax revenues

Using a panel-model approach, this paper investigates the validity of the relationship between level of tax revenues and type of voting. The data-set covers the period 2000-2010, and includes 135 countries. The main finding points out that the assumed function is linear and the compulsory vote tends to increase the tax revenues collected by public authority. The analysis in this paper covers the “gap” in the literature in this field.Tax revenues, Compulsory voting, Voluntary voting, Effects, Tax policy

SHADOW ECONOMY, ECONOMIC GROWTH AND LABOR MARKET. ROMANIAN CASE

The shadow economy is represented by the whole economic activities which arerealized at the border of the criminal laws, social laws or fiscal laws or which are skipping(massive) from the inventory of national accounts. The paper is intended to quantify andanalyze the impact of the shadow economy on the main variables that may characterizeeconomic growth and labor market, for the Romanian case.shadow economy, effects, economic growth, labor market

Economic growth and and FDI in ASIA: A panel data approach

This study is an attempt to examine the impact of foreign direct investment on economic growth in Asian countries. We did our analysis in the panel framework during 1986 to 2008. We also examined the nonlinearities associated with foreign direct investment and exports in the economic growth process of Asian countries under consideration. We find that both foreign direct investment and exports enhance growth process. In addition, labour and capital also play an important role in the growth of Asian countries. Further, nonlinearity effects show that export-led growth is a better option of growth enhancing in Asian developing countries compared with foreign direct investment-led growth.Growth, FDI, Connection, Effects, Panel analysis

Taxation and democracy

In this study we are examining the validity of relationship between level of taxation and democracy, using a panel-model approach. The data-set covers the period 2002-2008, including 51 states. The main finding stresses that the assumed function are nonlinear, and has a quadratic U-shape.Taxation, Democracy, Nonlinearity, Dynamic Panel

OPTIMAL SIZE OF GOVERNMENT SPENDING. THE CASE OF EUROPEAN UNION MEMBER STATES

The theme of public expenditure has been of great interest in the latest years.Focusing on government size, role of government and the efficiency of the public sector becomes aneven more important issue nowadays when the financial crisis has covered severly almost alleconomies worlwide. The debate has as starting point the keynesian belief (state interventionovercomes recession periods) but also the division of the economy between the public and theprivate sector. Goods and services could be provided by the state, but many times the private sectorseems to be more efficient. Using a specific econometrical analysis, the authors try to establish theoptimal size of the public sector in both old and new member states of the European Union, a levelthat fosters economic growth and suggest that, following this point, GDP should be left in thehands of the private sector.Key-words: public expenditure, economic growth, optimum level, public sector

Economic Growth and FDI in Asia: A Panel-Data Approach

This study examines the impact of foreign direct investment on economic growth in Asian countries. We did our analysis in the panel framework for the period 1986 to 2008. We also examined the nonlinearities associated with foreign direct investment and exports in the economic growth process of Asian countries under consideration. We find that both foreign direct investment and exports enhance the growth process. In addition, labour and capital also play an important role in the growth of Asian countries. We suggest an export-led growth path particularly at the initial stage of growth and in the later period, dependence on FDI might be a feasible option.Growth, FDI, Connection, Effects, Panel analysis

CORRUPTION AND SOCIAL WELFARE IN THE EU27 COUNTRIES

The corruption is a complex and generalized phenomenon all over the world, withcultural, social, psychological, political and economical dimensions. The defining and the studyingof the phenomenon are going through the most different thinking filters known in the specializedliterature: social-cultural, political, administrative and economic. The article’s aim is to quantifyand analyze the relationship between corruption and political, administrative and economicdeterminants factors, through a regressive "pool data" model. The sample includes the 27 countriesof the actual European Union, and the data refer to the period 1996-2008. The study shows that thelimitation of corruption’s phenomena (maximizing FC index) has the result of increasing of socialwelfare (maximizing HDI index).corruption, social welfare, EU27

POLITICS AND INTERJURISDICTIONAL TRANSFERS: THE ROMANIAN CASE

this paper represents a continuation of a previous paper where we demonstrated the “abnormal” behavior that local authority from Romania is manifesting regarding the subventions received from the central budget. In accord with public choice theory, exist an “affinity” of a social group - local communities in this case - for a certain political party or political coalition, in which case can expect that the distribution of public funds, having the nature of transfers given by the central budget to local budgets, to be impregnated with a considerable “political color”. This paper is trying to establish, in Romania, quantitative and qualitative, the modality of distributing the central public funds to local authorities under the political impact.politics, regional communities, interjurisdictional transfers

THE FISCAL POLICY AND THE STABILITY OF THE NOMINAL SECTOR: THE ROMANIAN CASE

The fiscal policies in the contemporaneous economic systems heavy influence both the real and nominal sectors. These effects could be located at the primary distribution of the social resources as will as at level their redistribution one. The aims of this paper are: (1) to review the literature of the main conceptual frameworks which link the fiscal policy and the dynamic of real sector, especially on the inflation side (2) to advance an empirical analyze of these link for the Romanian case and (3) to draw some conclusion about desirable framework of the fiscal policy for the current period in the perspective of Romanian access to European Union.Impact, inflation, fiscal policy, econometric analyze, fiscal deficit, budgetary sold