The article presents how the Moldovan economy evolved in the post crisis period and how the major policy incentives were implemented. An assessment of the major problems of Moldova after the crisis is undertaken. The authors emphasize the importance of elimination of fiscal burden,...

Although the global financial crisis of 2008-2009 was the worst economic crisis in over 60 years for many industrial countries, most Asian and Pacific developing countries weathered it quite successfully. The resilience of the region is somewhat puzzling at first sight. In an increasingly...

The aim of this paper is to assess the short term effects of social spending on economic activity. Using a panel of OECD countries from 1980 to 2005, the results show that social spending has expansionary effects on GDP. In particular, we find that an increase of 1% of social spending increases...

The goal of this paper is to examine the impact of oil prices on Vietnam's economic activity using vector autoregressive (VAR) modeling and cointegration techniques. We use monthly data for the period 1995-2009 and include inflation and the real effective exchange rate as additional determinants...

In September 2007, China established the China Investment Corporation (CIC) as a vehicle to invest its foreign exchange reserves. The CIC reports directly to the State Council, and is led by its Chairman, Lou Jiwei, the former Deputy Secretary-General of the State Council. The CIC's US$200...

Este trabalho aborda de forma sistemaacute;tica e abrangente a literatura existente sobre a relaccedil;atilde;o entre o crescimento econocirc;mico dos paiacute;ses e os diversos instrumentos de financcedil;as puacute;blicas, tais como poliacute;tica tributaacute;ria, poliacute;tica de despesa...

The article introduces a new model of multiple-entity accounting system that evolved from triple-entry bookkeeping idea developed by Ijiri Y., the contract model of the firm proposed by Sunder S., and studies of money theory by Dobija M. The multiple-entity accounting model, by contrast to the...

After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it is only now emerging. Japan's malaise, marked by...

We analyze how the structure of organizational form of legislative institutions affects <p> interest groups ’incentives to lobby.Lobbying is modelled the strategic provision <p> of information by an interest group to a multi-person legislature.We show that <p> the effectiveness of lobbying lies in...</p></p></p>

This paper aims to the analysis of the rules electoral effects on fiscal policy, respect to the Italian case: in fact Italy, since 1861 until nowadays, modified several times its electoral system, switching from the majoritarian to the proportional system. In particular here we focus on the...