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Paradoxically, while the economic crisis has had an impact on many economic sectors worldwide automotive industry has become the most important sector of the economy emerging Europe. For Romania, the automotive industry has become a major contributor to achieving the export sector, and major...
Persistent link: https://www.econbiz.de/10011113587
affect negatively on imports, exports and GDP, iii) the increase in direct taxes has a positive effect on exports, vi) a …
Persistent link: https://www.econbiz.de/10009368137
This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple …
Persistent link: https://www.econbiz.de/10008873547
Tax expenditures are generally defined as those government expenditures carried out through tax legislation …, regulations, and practices that reduce or defer taxes for some taxpayers. There is a general concern that the tax expenditures … systems. Many countries in Latin American and a few in the Caribbean already estimate their tax expenditures; but in many …
Persistent link: https://www.econbiz.de/10011294489
This unique study discusses the theory of taxation in Islam and the role of Zakat in an Islamic economy. Zakat is a …
Persistent link: https://www.econbiz.de/10008476362
Interest is prohibited in all monotheist religions; however, it features as an essential element in practiced capitalism. Interest based financial system has created two major havocs in last two decades i.e. in East Asia in 90s and in the Great Recession since 2007. This paper highlights the...
Persistent link: https://www.econbiz.de/10008476389
of output produced - GDP. Changes in the level and composition of government spending, taxation or other instruments of …
Persistent link: https://www.econbiz.de/10008574629
findings are: a) public expenditures on infrastructure (economic affairs, general public services) and property rights … protection (defense, public order-safety) exert a positive impact on growth; b) distortionary taxation depresses growth; c …) government expenditures on human capital enhancing activities (education, health, housing-community amenities, environment …
Persistent link: https://www.econbiz.de/10008559066
Poverty and inequality around the world has been rising over the last three decades and the attainment of the Millennium Development Goals (MDGs) seems a far fetched goal. In explaining underdevelopment, Classical Economics has offered many theories and models including but not limited to...
Persistent link: https://www.econbiz.de/10011257874
Persistent link: https://www.econbiz.de/10003344535