Globalisation squeezes the public sector—is it so obvious?

Andersen, Torben M.; Sørensen, Allan

doi:10.1007/s10797-011-9166-z

Cited by 3 publications

(1 citation statement)

References 19 publications

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“…However, the lower wage increase implies less negative effects on the return to other factors (e.g. capital) and thus on other tax bases which have counteracting effects (see Andersen and Sørensen (2011)). Taking mobility of goods and jobs as well as competition in the global markets to the limit, we have a small open economy operating in a perfectly competitive environment with given world market prices.…”

Section: Elasticity Effectmentioning

confidence: 99%

The Nordic model – challenged but capable of reform

Albæk¹,

Andersen²,

Asplund³

et al. 2014

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Section: Elasticity Effectmentioning

confidence: 99%

The Nordic model – challenged but capable of reform

Albæk¹,

Andersen²,

Asplund³

et al. 2014

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Product Market Integration, Tax Distortions and Public Sector Size

Andersen

Sørensen

2017

Globalization

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The implications of product market integration for public sector activities (transfers and public consumption) are considered in a standard setting. The analysis supports that a larger public sector (higher tax rate) tends to increase wages and worsen wage competitiveness. However, the implications of product market integration for the public sector are far from straightforward. The reason is gains-from-trade e¤ects which tend to increase the tax base and decrease the opportunity costs of public consumption (marginal utility of private consumption falls). It follows that the retrenchment view that product market integration inevitable leads to a downward pressure on public sector activities does not get support in a standard setting. A particularly noteworthy …nding is that a country with a large public sector (strong preferences for public consumption) may bene…t more by integrating with a country with a smaller public sector (weak preferences for public consumption).JEL: H2, F1, J22

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Budget Management in the Conditions of Globalization Processes

2022

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Abstract. In this article we prove that globalization processes lead to uncertainty of future macroeconomic indicators of the state. This makes complicated the effective management of financial resources and requires the implementation of measures aimed at the modernization of budget management. We determined that the lack of budget strategy in the context of globalization of economic processes, which are combined with external and internal risks, requires further modernization of economic methods of management. We substantiated that one of the directions of strengthening the country's economy is strategic forecasting of socio-economic development indicators, which take into account the impact of globalization on market transformation and development of integration trends, the formation of open economy and integration of enterprises into international communication systems. The article highlights the external and internal phenomena that affect the implementation of budget management in the context of globalization, and create risks for socio-economic development of the country. During the research we identified the indicators that serve as indicators of long-term planning and reflect the relationship of macroeconomic, financial, investment, innovation, social and other components of the economic system. Also, we outlined the tasks, the solution of which will increase the efficiency of budget management. We made an analysis of the total public debt and the state budget deficit of Ukraine from 2008 to 2020, which proved the low level of efficiency of budget forecasting due to the unwillingness of the national economy to withstand the impact of external and internal factors. We emphasize the fact that the effectiveness of budget management is based on the reliability and realism of macro indicators of economic and social development of Ukraine. We propose the measures to minimize the impact of negative factors on the budget process, its optimization and increase the efficiency of budget management in the conditions of unforeseen risks.

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Globalisation squeezes the public sector—is it so obvious?

Abstract: Globalization, Marginal costs of public funds, Labour taxation, F15, F4, H20, H40,

Cited by 3 publications

References 19 publications

The Nordic model – challenged but capable of reform

The Nordic model – challenged but capable of reform

Product Market Integration, Tax Distortions and Public Sector Size

Budget Management in the Conditions of Globalization Processes

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