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Dług publiczny jako zjawisko w zarzadzaniu finansami publicznymi, stanowi poważne wyzwanie dla wielu państw Europy i świata, jak również Polski, ponieważ zbyt wysoki jego poziom zagraża stabilności sfery poublicznej jak i całej gospodarki. Konstytucja Rzeczypospolitej Polskiej wskazuje, że dług publiczny nie powinnien przekroczyć 3/5 PKB, również traktat ustanawiający Współnotę Europejską ( Traktat...
Currently, there exist in the construction of system of public financial management certain problems and inadequacies, which cannot meet the public sectors' demand for financial management and fiscal management. Under the supervision of the government and with support of relevant theory, efforts should be made to sort out the problems existed in the system of public financial management to establish...
Using the data of Fujian Province over the period 1978-2008, this paper employs cointegration and Granger causality testing approach to study the relationship between Technological progress and Local government expending on Science and Technology. The empirical estimates show that Local government expending on Science and Technology and total factor productivity (TFP) has the long-term stability and...
In this paper, we use vector autoregressive (VAR) models to characterise the Malaysian monetary policy and to investigate the roles of money, interest rate, credit, asset price and exchange rate channels in the Malaysian monetary transmission mechanism. Malaysia is an interesting small open economy to study because of the capital control measures imposed by the government following the 1997 Asian...
At present, financial problems of land in the local government are increasingly prominent. Although it to some extent alleviates the financial pressure of local government, it implies rent-seeking, distribution of income, increased financial risk and other issues. There are many reasons to cause land finance. Among them, the local fiscal imbalances, fiscal deficits continuing to increase is an important...
BT model is widely used in municipal infrastructure construction financing in recent years. The repurchase price of BT project is the core issues between project sponsor and BT investors. Repurchase price consists of two parts: project settlement price and investment income. Return on investment is closely related to bank lending rates, social discount rate and the risk level of investor tolerance...
The debt crisis for the Dubai government financing platform is the symbol of the weak point of the Dubai mode of development. In the views of the government financing platform for risk prevention, there are some experiences and lessons china should learn from. The article starts with the occurrence of Dubai financing crisis. It analyzes the causes of it and through the comparison of government financing...
Rural economy in China cannot develop without financial support. Firstly, this paper analysis the process of the development of agricultural policy finance and Current rural finance's imperfection; Secondly, we analyzed features and challenge on policy rural finance; and finally we pointed out the path to construct rural policy finance in China. Under present condition, it is imperative for the government...
Developing water-saving agriculture is a way to resolve agricultural water crisis, also the fundamental way to maintain the agricultural ecological environment. As about 70% of agricultural water is irrigation water, the improvement of farmland irrigation infrastructure is an important way for water-saving agricultural. While the ecological environment and farmland irrigation infrastructure have public...
In this paper IPOs of China's listed companies were studied. The extent of earning management was estimated with a cash flow-return model. By using hypothetical analysis, a multivariate regression model was obtained. Empirical analysis showed significant positive relation between earning management and IPO underpricing, and partial correlation coefficient analysis revealed that the relativity of offering...
My Project Istanbul is the name of the Research Fund given by Istanbul Metropolitan Municipality for research projects directed to Municipality related subjects, and carried out by about 22 Universities located in Istanbul. Due to restricted funds, municipality has to be careful about supporting right projects. In this paper, we evaluate the success of completed projects by the help of conducted surveys...
In this study we examine the revenue expenditure relationships within public and private research and doctoral institutions. Results suggest tight relationships between some revenue and expenditure categories. Instructional expenditures are significantly influenced by revenues from tuition and fees, governmental appropriations (for public institutions), and grants and contracts. These results are...
Agent-construction system is an innovative management method for the Chinese government in delivering public project, in which the government client choose a professional company to undertake the managing responsibilities of investment and construction, and hand over to the user party when the project completed. In agent-construction system, the agent (the professional company) implements the developer's...
The hardware components of embedded system for fiscal cash register is introduced. The functions and characteristics of BSP (board support package) in the development of embedded system is discussed. The key techniques of BootLoader and its driverpsilas design within Nucleus Plus operating system is analyzed in detail. Design examples are given. The BSP presented in this paper is manufactured and...
Chinese government is seeking to encourage small and medium sized enterprises (SMEs) growth which requires expansion capital. Comparing with larger firms, SMEs are less access to the debt capital they need for start-up, growth, and survival. Consequently, some commercial agencies have often intervened in credit markets by taking on the role of guarantors of loans that financial institutions advance...
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