THE IMPACT AND CONSEQUENCES OF TAX REVENUE’S COMPONENTS ON ECONOMIC INDICATORS: EVIDENCE FROM PANEL GROUPS DATA ABSTARCT The change in components of tax revenue may result the change in the economic growth and other economic indicators. The previous studies found the significant effect of the change in tax revenue to the economic growth in a […]
The Sri Lankan government recently announced several changes to the import tax regime with effect from 01st June 2010. These include the reduction in the number of tariff bands, reduction in import duties, removal of the 15% surcharge on import duty and removal of taxes such as the VAT and Cess on some of the […]
First and foremost, one of the major reasons causes market failure would be externalities. It can be defined as an act of a person that causes impacts on the others, normally a bystander. When externalities exist, interest of the people in a society of a market outcome overwhelms the well being of consumers and suppliers […]
1. What do you understand by an economic system? Discuss the role of government in a market economy. Do you think that your government should play a more active role in the economy? Elaborate why and why not? An economic system deals with the structure of production, distribution of economic outputs, and consumption of goods […]
External debt or Foreign Aid is considered a significant source of income for developing countries. Pakistan has relied much on foreign debt to finance its balance of payments (BOP) deficit and saving investment gap. This heavily dependence on external resources became uncontrollable in late 1980s. Primary objective of this paper is to explore the relationship […]
Member states of the European monetary union have enjoyed remarkable price stability since the European Central Bank was established in 1999 and took over the monetary policy making role for the signatory members of the Euro area. There is no doubt that by varying benchmarks, Economic and monetary integration is considered a success story. The […]
There is a broad consensus that low government wages in developing countries result in a decline of public sector efficiency and productivity and create both incentives and opportunities for corruption and misuse of public resources. However, most studies also agree that increasing salaries without establishing effective control and monitoring systems as well as enforcement of […]
Inflation and its types Since 1983, when “Inflation” was first made a part of American parlance, it has undergone a tremendous change. While in 1983 Webster explained Inflation as a cause rather than effect defining it as “Inflation is increase in supply of money that causes increase in price” in 2000 it was defined as […]
1.0 Introduction Small and Medium Enterprises (SMEs) are critical for developing countries because of their role in economic growth and poverty reduction. As companies globally face issues relating to transparency, accountability and timely disclosure of material information, the concept of corporate governance and business ethics has gained significant importance. SMEs in developing countries face a […]
Price stability, next to economic growth, full employment and an internal as well as external balance, represents one of the five objectives of economic policy. As part of the division of labor among economic policymakers, the responsibility of achieving and maintaining price stability has been entrusted to the central banks. Article 105 of the Treaty […]
