Dissertations / Theses on the topic 'Government spending policy Indonesia'
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1
Yilmaz, Sakir Devrim. "Productive government spending fiscal policy and growth." Thesis, University of Manchester, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.499867.
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Chan, Siu-fun Cynthia, and 陳笑芬. "Asian crisis: Indonesia and Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1999. http://hub.hku.hk/bib/B31951855.
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Jones, Tod. "Indonesian cultural policy, 1950-2003: culture, institutions, government." Thesis, Curtin University, 2005. http://hdl.handle.net/20.500.11937/403.
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This thesis examines official cultural policy in Indonesia, focussing on the cultural policy of the national governments from 1950 until 2003. Drawing on Michel Foucault’s writings about government and debates about cultural policy in Cultural Studies, the study proposes that the features of cultural policy in Indonesia are primarily determined by the changing ways that the state has put culture to work in its versions of modern governance. Part I of the thesis provides a history of official cultural policy, including a background chapter on the late colonial era and the Japanese occupation. Although contemporary cultural policy was first articulated within Western liberal democracies to shape self-governing national citizens, the Dutch colonial cultural policy differed in that it assumed indigenous subjects had reduced capacities and focussed on managing ethnic populations. The cultural policies of subsequent governments maintained the twin imperatives of ‘improving’ individuals and managing populations, but with different understandings of both imperatives. While a more autonomous subject was assumed during Constitutional Democracy, Guided Democracy exercised greater state guidance as part of Sukarno’s mobilisation of the population behind his political program. Cultural policy during the New Order era rejected Sukarno’s ‘politicisation’ of culture, replaced ‘improvement’ with ‘development’ and further strengthened the role of the state in providing cultural guidance, a move justified by designating Indonesians backward by modern standards.The Japanese administration was the first government to address a national population. Relations among indigenous ethnic populations and between ethnicity and the nation were addressed in cultural policy from 1956 and were central to cultural policy throughout the New Order era. Part II of the thesis consists of two case studies of cultural programs in the New Order and Reform eras: (1) the arts councils and cultural parks and (2) a cultural research project. It explores New Order centralism, demonstrating the heterogeneity between different levels of the state and how governmental goals imbued particular practices and objects with special significance and meaning by constructing them as culture. Cultural policy in the post-Suharto period is addressed in both Parts I and II. While the practices of the New Order era are generally continuing, decentralisation created the possibility of a plurality of cultural policies across Indonesia, as lower levels of government are responsible for administering cultural policy. Decentralisation could result in a more participatory cultural policy as more cultural practices are addressed or a narrowing of cultural policy if conservative ethnic identity politics drives changes.
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Van, der Hilst Alan. "The institutional and political determinants of supplemental spending legislation /." Thesis, Connect to this title online; UW restricted, 2008. http://hdl.handle.net/1773/7451.
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Jones, Tod. "Indonesian Cultural policy, 1950-2003 : culture, institutions, government /." Curtin University of Technology, Department of Media and Information, 2005. http://espace.library.curtin.edu.au:80/R/?func=dbin-jump-full&object_id=16663.
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This thesis examines official cultural policy in Indonesia, focussing on the cultural policy of the national governments from 1950 until 2003. Drawing on Michel Foucault’s writings about government and debates about cultural policy in Cultural Studies, the study proposes that the features of cultural policy in Indonesia are primarily determined by the changing ways that the state has put culture to work in its versions of modern governance. Part I of the thesis provides a history of official cultural policy, including a background chapter on the late colonial era and the Japanese occupation. Although contemporary cultural policy was first articulated within Western liberal democracies to shape self-governing national citizens, the Dutch colonial cultural policy differed in that it assumed indigenous subjects had reduced capacities and focussed on managing ethnic populations. The cultural policies of subsequent governments maintained the twin imperatives of ‘improving’ individuals and managing populations, but with different understandings of both imperatives. While a more autonomous subject was assumed during Constitutional Democracy, Guided Democracy exercised greater state guidance as part of Sukarno’s mobilisation of the population behind his political program. Cultural policy during the New Order era rejected Sukarno’s ‘politicisation’ of culture, replaced ‘improvement’ with ‘development’ and further strengthened the role of the state in providing cultural guidance, a move justified by designating Indonesians backward by modern standards.The Japanese administration was the first government to address a national population. Relations among indigenous ethnic populations and between ethnicity and the nation were addressed in cultural policy from 1956 and were central to cultural policy throughout the New Order era. Part II of the thesis consists of two case studies of cultural programs in the New Order and Reform eras: (1) the arts councils and cultural parks and (2) a cultural research project. It explores New Order centralism, demonstrating the heterogeneity between different levels of the state and how governmental goals imbued particular practices and objects with special significance and meaning by constructing them as culture. Cultural policy in the post-Suharto period is addressed in both Parts I and II. While the practices of the New Order era are generally continuing, decentralisation created the possibility of a plurality of cultural policies across Indonesia, as lower levels of government are responsible for administering cultural policy. Decentralisation could result in a more participatory cultural policy as more cultural practices are addressed or a narrowing of cultural policy if conservative ethnic identity politics drives changes.
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Trani, Brett. "Crises, consensus, and conviction : the core executive and the institutionalisation of British efficiency reforms." Thesis, University of Aberdeen, 2014. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=225335.
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In the aftermath of the 2008 economic recession, governments across the globe were forced to confront a difficult reality: growth and spending would need to be revised dramatically downward while central government systems would have to be made more efficient. In the United Kingdom specifically, the 2010 general election became a referendum on how quickly and severely to implement austerity policies the likes of which had not been seen for generations. Why did the Conservative-Liberal Democrat coalition choose austerity when other alternatives, such as a public sector stimulus package, were also available? To answer this question this research seeks to understand how and why political actors in the United Kingdom respond to economic and political crises through the implementation of specific efficiency reforms. This is accomplished through two specific steps: the establishment of an analytical framework to better understand the dynamics of efficiency reforms and an in-depth study of the historical development of efficiency reforms from the early twentieth century through the present. A historical institutionalist theoretical foundation is employed in order to understand the evolution of ideas throughout this time span. A thorough understanding of institutional effects, including aspects of lock-in effects and process tracing, are essential components of understanding why powerful political actors choose certain efficiency reforms over others. Ultimately, this research is meant as a first step towards a greater understanding of efficiency in government. Previous research has examined specific reforms in relative isolation without the benefit of historical context. By systematically tracing the evolution of efficiency reforms across different eras a more complete understanding of policies and political actors is established. Further research, including comparative studies across political systems and the incorporation of quantitative date, is discussed in the conclusion.
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McGovern, Robert F. "Federal Deficit Spending and Partisanship: An Economic Analysis." Youngstown State University / OhioLINK, 2007. http://rave.ohiolink.edu/etdc/view?acc_num=ysu1197410777.
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Prasetyia, Ferry [Verfasser]. "Government Policy and Education Performance: Insight from Indonesia / Ferry Prasetyia." Kassel : Kassel University Press, 2019. http://d-nb.info/1188347349/34.
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Haug, Alfred A. ""Ricardian equivalence or debt illusion : empirical studies"." The Ohio State University, 1987. http://rave.ohiolink.edu/etdc/view?acc_num=osu1267621324.
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Pitt, Brian A. "Social welfare and the public opinion of government spending moving beyond the self-interest - symbolic politics dichotomy /." Access to citation, abstract and download form provided by ProQuest Information and Learning Company; downloadable PDF file, 79 p, 2008. http://proquest.umi.com/pqdweb?did=1597633361&sid=6&Fmt=2&clientId=8331&RQT=309&VName=PQD.
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Olds, Eric H. "Net State and Local Government Expenditure: A Better Link between Expenditure and the Tax Burden?" Fogler Library, University of Maine, 2007. http://www.library.umaine.edu/theses/pdf/OldsEH2007.pdf.
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Lee, Tung-hao. "Optimal public debt policy under uncertainty : a new classical approach /." The Ohio State University, 1986. http://rave.ohiolink.edu/etdc/view?acc_num=osu148726702499746.
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Djamhari, Choirul. "Privatization of state controlled enterprises in Indonesia (1983-1993) : policy and practice." Thesis, McGill University, 1996. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=42015.
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This study investigates the Indonesian experience in managing the privatization of State Controlled Enterprises (SCEs) during the period from 1983 to 1993. The main objective of this study is to assess and explore the following research question: Why has there been little ownership transfer from state to the private sector in Indonesia even though official policy objectives and strategies for proving SCEs have been articulated and firms have been selected for potential privatization? Realizing complex combination of challenges and obstacles faced by Indonesia, attempts to answer the research question are directed at three main issues: (1) the role of SCEs in the overall national economy; (2) factors that led the Indonesian government to undertake privatization policy, and (3) the preferred models of privatization along with the rationale for such preferences.Five types of data were collected during three separate field work stages from July 1991 to October 1995: State policy analysis, direct observation, analysis of the statistical data, analysis of mass media and personal interviews with key individuals. This triangulation method is employed to ensure a greater presentation of the key elements that deserve to be explored.
The principal argument developed throughout this study is that despite the apparent needs for privatization due to the fiscal difficulties and inefficiencies of the SCEs operations, the Indonesian state seems to be reluctant to transfer ownership to the private sector. In the case at hand, the pursuit of privatization is largely a political decision. Transferring ownership would require an overhaul of the present development policy, a huge step that Indonesian state is not ready to take. Instead, the priority has been given to reform the state sector by improving the efficiency and productivity of SCEs operations, and by isolating SCEs from the rent seeking behaviours of government bureaucrats. This tendency, as this study demonstrates, is explained by a deepening direct state involvement in the economy. This study shows that the Indonesian state has expanded its roles in the economy to include not only regulator, facilitator and stabilizer, but also that direct participant as a competitor to the private sector. Consequently, being kept under tight state control, has caused Indonesian SCEs to operate in a highly regulated environment. This environment has resulted in SCEs tendency to become instrument of development and, therefore has prevented them from becoming efficient and productive business entities.
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Li, Yuen-yee Angel. "Trading funds : an analysis of developments and results /." Hong Kong : University of Hong Kong, 1996. http://sunzi.lib.hku.hk/hkuto/record.jsp?B17508344.
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Kim, Jae-Hoon. "An empirical analysis on the relationship between public capital and aggregate output : case of Korea 1970-2001 /." free to MU campus, to others for purchase, 2003. http://wwwlib.umi.com/cr/mo/fullcit?p1418039.
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Iqbal, Kazi. "Essays on intergenerational allocation of public spending, growth and optimal taxation /." Thesis, Connect to this title online; UW restricted, 2006. http://hdl.handle.net/1773/7435.
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Prawiradinata, Muhamad Salmun. "Stability, elites and development policy in the new order Indonesia 1966-1983." Thesis, Canberra, ACT : The Australian National University, 1988. http://hdl.handle.net/1885/111321.
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One of the most striking characteristics of Third World countries is
political instability. Although not all Third World states are politically unstable,
witness for example Saudi Arabia and Nepal, many nations of both
democratic and authoritarian leanings have experienced strong political
challenges in maintaining established political order and national unity. These
political challenges can take the forms of mass demonstration, riots or even
coups.
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Suwartini, Endang. "Welfare implications of policy-induced structural changes on the Indonesian poultry industry." Thesis, McGill University, 1994. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=26156.
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This study examines the producer and consumer welfare associated with structural change of supply attributed to the effect of a government policy restricting the size of the production unit. The performance of the poultry industry in Indonesia is analyzed in terms of producer and consumer welfare using supply and demand elasticities. The elasticity of supply and demand were estimated using the Seemingly Unrelated Regressions (SUR) method. The hypothesized policy-induced structural change is estimated through a dummy variable accounting for shift in supply associated with implementation of the policy.It is found that structural change induced by the restructuring policy shows a negative impact on the output supplied and welfare of society. Welfare losses are estimated for different levels in the marketing system namely producer, wholesaler and retail levels. Eighty percent of the losses are shared approximately equally by producers and consumers with the remaining twenty percent borne by the marketing sector.
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Phillips, Justin H. "The political economy of state tax policy : the effects of electoral outcomes, market competition, and political institutions /." Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC IP addresses, 2005. http://wwwlib.umi.com/cr/ucsd/fullcit?p3191999.
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Ko, Myeong Chul. "The Effects of Community Quality of Life on Local Policy Decisions." Diss., Virginia Tech, 2011. http://hdl.handle.net/10919/28673.
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There have been extensive debates on the factors that influence local policy decisions. Although many researchers have contributed to uncovering various influences such as political, economic, institutional, and demographic factors on local policy decisions, however, the concept of QoL rarely has used in extant literature. Local government spending is likely to be affected by citizen demands for achieving community well-being. Additionally, given that different policy functions variably affect local circumstances, the impact of QoL on local policy decisions will depend on the policy area. Hence, this study examined the relationship between QoL and local budgetary decisions based on Petersonâ s (1981) policy scheme of, three distinct policy arenas (developmental, allocational, and redistributive policy). In examining the relationship of QoL and city spending across policy functions, I also considered economic, political, institutional, and demographic factors, derived from various theoretical perspectives on local policy decisions.
The relative influences of community QoL as well as other factors on local policy decisions were estimated by two-stage least squares regression analysis (2SLS) for developmental spending and by ordinary least squares (OLS) for allocational and redistributive spending. To measure community QoL, this study used 89,066 completed surveys from 167 communities in the United States for 2002-2008 are used. QoL appeared as a critical factor influencing local government expenditures in the three policy areas. The impact of QoL on local spending in the three areas differed depending on city income levels; city income levels then moderated local policy decisions.
These findings suggest that local policy priorities adjusted in accordance with economic growth. Allocational policy functions also should be thought to be functions of cities geared toward giving them a competitive edge over other cities by meeting evolved citizen preferences for city amenities. These findings also point to distinct patterns of political activities in each policy arena. Given that community QoL reflects adjusted citizensâ demands, I contend that community QoL can contribute to performance management by providing additional public information and a complementary performance indicator.Ph. D.
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Wahyudi, Bambang Slamet. "An analysis of selected government programs to increase rice production in Indonesia." Thesis, Kansas State University, 1985. http://hdl.handle.net/2097/9886.
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Li, Yuen-yee Angel, and 李婉兒. "Trading funds: an analysis of developments and results." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1996. http://hub.hku.hk/bib/B31965015.
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Haug, Alfred A. (. "Ricardian equivalence or debt illusion : empirical studies /." Connect to resource, 1987. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1267621324.
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Niessen, Nicole. "Municipal government in Indonesia : policy, law and practice of decentralization and urban spatial planning /." Leiden : Research School CNWS, 1999. http://catalogue.bnf.fr/ark:/12148/cb37683501g.
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MacCuish, Derek. "Ethics and the formation of foreign policy : a case study of Canadian government policy toward Indonesia, 1970-1990." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1999. http://www.collectionscanada.ca/obj/s4/f2/dsk2/ftp01/MQ39999.pdf.
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Wibisono, Makarim. "The political economy of the Indonesian textile industry under the New Order government." The Ohio State University, 1987. http://catalog.hathitrust.org/api/volumes/oclc/20920285.html.
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Myrick, Darrell Royster. "The effect of the voting franchise on public policy decision making and provincial government spending for HIV/AIDS." Pretoria : [s.n.], 2007. http://upetd.up.ac.za/thesis/available/etd-05272008-173701/.
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Nåbo, Axel, and Oscar Wahlgren. "The Impact of Fiscal Policy on Inflation : A panel data analysis on government spending and the price level." Thesis, Jönköping University, Internationella Handelshögskolan, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-53086.
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Townsend, Jacqueline Michelle. "Managerial reforms within the United States government." CSUSB ScholarWorks, 2005. https://scholarworks.lib.csusb.edu/etd-project/2881.
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This research project examines Presidential and Congressional attempts to increase the efficiency and effectiveness of the United States government. It describes prior reform efforts and then focuses on President George W. Bush's management agenda.
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Yang, Weonho. "Macroeconomic effects of fiscal policy." Thesis, Brunel University, 2013. http://bura.brunel.ac.uk/handle/2438/7629.
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The interest in the use of fiscal policy as an effective economic policy tool has been revived recently, since the global recession of 2008 hit the world. In spite of a large empirical literature, there remains substantial uncertainty about the size and even the direction of the effects of discretionary fiscal policy. This thesis seeks to investigate the macroeconomic effects of discretionary fiscal policy in the short term, highlighting several methodologies for identifying discretionary fiscal policy. In Chapters 2 and 3, we suggest a new instrument based on the narrative approach for identifying exogenous government spending shocks: natural disaster damages and the subsequent government emergency spending. While applying our methodology to the Korean and the U.S data, we find that our instrument is not only powerful but also superior to military build-ups used by most of the literature. The relief expenditure in the wake of natural disaster has several advantages such as the similarity in scope to general government activity and the easy applicability beyond the U.S. compared to military build-ups. In the analysis of Korean fiscal policy, using our narrative method and the Structural Vector Autoregression (SVAR) model, we find that government spending shocks increase GDP, consumption, and real wage, which is in line with the New Keynesian model. We also find that the timing is crucial in identifying government spending shocks due to the anticipation effects of fiscal policy. Furthermore, while analyzing the U.S. fiscal policy both at the state as well as national level, we estimate two kinds of non-defense spending multipliers: federal (1.4~1.7) and state (1.5~2.5), which exceed the defense spending multiplier obtained in the literature using military building-ups. In Chapter 4, in regard to the study of effects of fiscal adjustment, we develop the approach based on changes in cyclically adjusted primary balance (CAPB) by including fluctuations of asset price in the CAPB measure and allowing for individual country heterogeneity in the definition of fiscal adjustment. Using our new CAPB in 20 OECD countries, we find that fiscal adjustments have contractionary effects on economic activity in the short term, which is consistent with the result based on the narrative approach. Nevertheless, our results suggest that fiscal adjustments that rely predominantly on spending cuts are less contractionary than those involving tax increases.
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Elk, Robert E. "A study of the effects of the Southeast Asian intrusive power system on the foreign policy of Indonesia /." Thesis, McGill University, 1988. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=64076.
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Mdlazi, David Thembalikayise Francis. "An appropriate financial management and budgeting system to support transition in South Africa." Thesis, Stellenbosch : Stellenbosch University, 2000. http://hdl.handle.net/10019.1/51590.
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Thesis (MAdmin)--Stellenbosch University, 2000.ENGLISH ABSTRACT: The study is devoted to the determination of an appropriate financial management and budgeting system to support a transforming South Africa. Given the challenges and opportunities presented by the new political dispensation, both locally and abroad, the evolution of financial management and budgeting systems is analysed. Specifically, elements of each budgetary system that stood the test of time to the present, are studied. International case studies of countries that have undergone (or are undergoing) the transformation process successfully, or otherwise, are fully discussed to serve as invaluable lessons and experience for South Africa on its quest for a smooth and swift transformation, to prevent it from ending up as just another unsuccessful transformation. This then serves as a broad foundation for an appropriate financial management and budgeting system which is proactive in the transformation process. South Africa will not reinvent the wheel. Unlike other countries that waited for transformation problems to fall upon them, the South African financial management and budgeting system manipulates the financial management policies. It achieves this by broadly defining the objectives to be achieved through prioritisation and reprioritisation, formulate clear strategies for shortterm, medium-term and long-term plans, goals, processes, functions and activities. It applies all the positive elements of input-orientated systems, activity/ performance measuring systems, objective/goal-orientated system, medium term expenditure framework and multi-year budgets studied and drawn from lessons and experience of other countries. South Africa's appropriate financial management and budgeting system is a broad crosswalk model vacillating between all systems from a broad definition of objectives, goals, processes and activities ending up with a strong financial management tool.
AFRIKAANSE OPSOMMING: Dié studie word gewy aan die daarstelling van 'n Geskikte Finansiële Bestuur en Begrotingstelsel om 'n veranderende Suid-Afrika te ondersteun. Teen die agtergrond van die uitdagings daargestel deur die nuwe politieke bestel word die revolusie van finansiële bestuur- en begrotingstelsels plaaslik en in die buiteland ontleed en in perspektief geplaas. Meer spesifiek is die elemente van elke begrotingstelsel wat die toets van die tyd deurstaan het, bestudeer. Internasionale studies van lande wat die veranderingsproses suksesvol ondergaan het (of tans daarmee besig is), of andersins, word volledig bespreek om as 'n onskatbare les en ondervinding vir Suid-Afrika in sy soektog na 'n gladde en vinnige transformasie te dien en om te verhoed dat dit op net nog 'n onsuksesvolle transformasie uitloop. Dit dien dan as 'n breë grondslag vir 'n Geskikte Finansiële Bestuur- en Begrotingstelsel wat proaktief in die Suid-Afrikaanse transformasieproses is. Suid-Afrika sal nie die wiel kan heruitvind nie. Anders as in ander lande wat op transformasieprobleme gewag het om hulle te tref, kan die Suid- Afrikaanse Finansiële Bestuur- en Begrotingstelsels finansiële bestuursbeleid pro-aktief ondersteun. Dit word bewerkstellig deur 'n omvattende bepaling van die mikpunte wat bereik moet word deur priorisering en herpriorisering van planne, doelwitte, prosesse, funksies en aktiwiteite op die kort, medium en lang termyn. Dit is moontlik indien al die positiewe elemente van verskillende finansiële bestuur- en begrotingsteiseis, soos bestudeer in en geleer uit ander lande se ondervindings toegepas word. Suid-Afrika se Finansiële Bestuur- en Begrotingstelsel behels 'n breë omvattende model wat put uit al die stelsels wat 'n bepaling van doelstellings, mikpunte, prosesse en aktiwiteite bevat ten einde te eindig met 'n sterk Finansiële Bestuurswerktuig.
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Al-Mazrouei, Saleh Jathlan. "Cutting governments spending: An analysis of the budget cuts within the Federal Government of the United States and the United Arab Emirates." CSUSB ScholarWorks, 2001. https://scholarworks.lib.csusb.edu/etd-project/1963.
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This paper gives an overview of the historical changes in the budgets of the U.S. and U.A.E.; discusses the nature of national government spending and outlines how and why government budgets in both countries have changed ove time.
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Lombo, Nomachule. "Assessment of government spending austerity measures in on-site school support for curriculum delivery: a case of Idutywa Education District." Thesis, University of Fort Hare, 2016. http://hdl.handle.net/10353/2038.
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The view of on-site school support for curriculum delivery is shared by most countries and its effects have been felt by schools. There is fear that the Austerity Measures will negate the outcomes of the action taken by the teams that visit the schools. The reviewed literature is more biased towards the Austerity Measures in the whole government sector rather than in a department or an institution like the Education District in Idutywa. Even though the effects of Austerity Measures have been researched all over the world based on a specific country, there is deficiency of such literature done in the institution like the department of Education Districts. The researcher intends contributing to the filling of this gap by this study. The researcher therefore carried out a focused study of the effect of Department’s Austerity Measures on on-site school curriculum support in Idutywa Education District. It is also imperative to know how the teachers are affected by these departmental Austerity Measures, hence the interviews were carried out with the school personnel in addition to the District Professional staff. The District is characterised by poor performance in both Annual National Assessment (ANA) and the final National Senior Certificate results. The findings revealed that the implementation of AM have contributed to, amongst other things, the following issues: The inadequate on-site school support for curriculum delivery; The shortage of resources that includes teachers and vehicles; and ultimately the learner underperformance The researcher expect that the recommendation made will be embraced and be factored through, during the planning process of the Eastern Cape Department of Basic Education in order to improve learner performance.
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Menendez, Gonzalez Irene. "The politics of compensation under trade : openness, economic geography and spending." Thesis, University of Oxford, 2015. http://ora.ox.ac.uk/objects/uuid:7974d14a-b88d-46a3-99aa-553dc85a9192.
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This thesis examines the conditions under which democratically elected policymakers are more likely to provide policies that compensate individuals that lose from international trade. It develops and empirically tests a theoretical framework of compensation in open economies that accounts for differences in the degree to which governments benefit losers from trade. It first develops a theory of preference formation based on economic geography, and then argues that electoral and legislative institutions jointly condition the supply of compensation. The theoretical analysis provides three sets of observable implications evaluated using micro- and macro-level data in Europe and Latin America. First, exposure to international competition increases demand for policy that compensates for the costs of trade, but this effect is more pronounced among those individuals in economically specialised and uncompetitive contexts where reemployment in the event of a shock is difficult. Second, policymakers in proportional electoral systems face weak incentives to target trade losers in geographically concentrated and uncompetitive regions. In contrast, majoritarian institutions generate incentives to increase compensation when trade losers are geographically concentrated. Another implication is that under some conditions, the presence of a strong upper house that represents regional interests dampens the provision of compensation, and the relative effect of electoral rules. The empirical implications of the argument are tested using a multi-method research strategy that combines cross-national and case study analyses and draws on quantitative and qualitative techniques. Chapter 3 tests the micro-level implications of the model using survey data for European regions over 2002-2006. The findings indicate that regional economic specialization and regional competitiveness jointly condition the impact of trade on preferences for compensation. Chapter 4 systematically tests the extent to which the geographical concentration of trade losers conditions the effect of electoral institutions on levels of compensation. It uses panel data from 14 European countries from 1980 to 2010. The findings indicate that where trade losers are concentrated, lower district magnitude leads to more compensation. Chapters 5 and 6 conduct case studies of compensation in Spain and Argentina, both countries that underwent deep liberalisation and offer significant variation at the regional and institutional level. Chapter 5 explores preferences over compensation in selected regions in Spain and Argentina, and shows that regional specialisation and competitiveness were important in shaping levels of support for compensation. Chapter 6 examines the role of electoral institutions and legislative veto bargaining in shaping the politics of compensation in Spain and Argentina.
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Chen, Dongjin. "Legacies and Incentives:Explaining Variation in Local Healthcare Expenditure Variation in Post-Mao China." Kent State University / OhioLINK, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=kent1343052167.
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Emler, Jay Scott. "How to fund homeland security without federal dollars : state and local funding of homeland security initiatives in light of decreased support by the federal government /." Thesis, Monterey, Calif. : Naval Postgraduate School, 2008. http://edocs.nps.edu/npspubs/scholarly/theses/2008/Sept/08Sep%5FEmler.pdf.
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Thesis (M.A. in Security Studies (Homeland Security And Defense))--Naval Postgraduate School, September 2008.Thesis Advisor(s): Bellavita, Christopher. "September 2008." Description based on title screen as viewed on November 3, 2008. Includes bibliographical references (p. 79-84). Also available in print.
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Endegnanew, Yehenew Gualu. "Essays on Fiscal Policy in Developing Countries and Microstates." Doctoral thesis, Universitat Autònoma de Barcelona, 2013. http://hdl.handle.net/10803/120545.
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Els efectes i el paper de la Política Fiscal en els països en vies de desenvolupament i els microestats contínua sent una branca relativament poc explorada en la literatura especialitzada. Aquesta tesi és un intent de contribuir en tres àrees importants de la literatura sobre Política Fiscal: els efectes a curt termini de la Política Fiscal i el comportament dins del cicle econòmic de la Política Fiscal en els països en vies de desenvolupament i, finalment, la relació entre la Política Fiscal i la Balança per Compte Corrent en els microestats.
La primera part de la tesi tracta d'avaluar els efectes dels xocs de despesa pública sobre l'economia dels països en vies de desenvolupament. Aquesta tesi utilitza una nova metodologia basada en el Model SVAR (Structural Vector Autoregression) on la identificació es realitzada a través de restriccions en el signe. L'esquema d'identificació assumeix que els xocs de despesa pública són els únics que augmenten la despesa pública, la producció, el dèficit i els ingressos fiscals dins el període d'impacte.
La tècnica mencionada anteriorment es aplicada utilitzant dades de 9 països diferents. Els resultats mostren que un augment de la despesa pública conduirà a un creixement de la producció i del consum a curt termini, una immediata deterioració de les exportacions netes i a una apreciació, que pot ser no significativa, de la taxa de canvi. A més a més, els multiplicadors fiscals indiquen ser més grans que u per a tots els països menys un, durant el període d'impacte. Aquest resultats indica que un estímul fiscal pot tenir efectes d'expansió sobre la producció i el consum. De totes maneres, aquests efectes semblen ser de curt termini.
En la segona part de la tesi es considera el tema de la Política Fiscal pro-cíclica en els països en vies de desenvolupament. En la literatura existeixen dues possibles explicacions per aquest fenomen. Una d'elles senyala que la Política Fiscal pro-cíclica és conseqüència de la falta d'integració fiscal amb la resta del món que pateixen els països en vies de desenvolupament mentre l'altre responsabilitza la capacitat institucional d'aquests països.
En aquesta tesi s'analitza, tenint en compte els diferents estats del cicle econòmic, la importància de l'obertura financera i la qualitat de les institucions per determinar l'habilitat dels països de dur a terme Política Fiscal contra-cíclica. Aquest anàlisi es duu a terme mitjançant un model de regressió multiplicativa de planell amb termes interactius i dades de 109 països. L'anàlisi mostra que durant períodes de bonança la qualitat de les institucions juga un paper determinant en el cicle de la Política Fiscal, mentre que durant períodes de recessió son tant la integració fiscal com la qualitat de les institucions els factors claus en determinar la capacitat dels països d'emprar polítiques contra-cícliques.
La tercera i última part de la tesi, escrita conjuntament amb Charles Amo-Yartey i Therese Turner Jones, examina la relació empírica entre Política Fiscal i la Balança per Compte Corrent en microestats (aquells amb una població inferior a 2 milions d'habitants entre 1970 i 2009). Donat el fet que els microestats estan caracteritzats per condicions especials com ara la reduïda dimensió del mercat domèstic i de recursos de base, gran grau d'obertura i un sector públic normalment gran, els resultats de la Política Fiscal poden ser diferents dels d'altres tipus d'economies.
En aquesta parts, s'utilitza un Model PVAR (Panel Vector Autoregression) per tal d'estimar l'efecte de la Política Fiscal en la Balança per Compte Corrent dels microestats. Resumint, els resultats indiquen que el dèbil efecte dels preus fa l'ajust fiscal força més difícil en els microestats.Fiscal policy in the context of developing countries remains a relatively under explored area in the literature. This thesis is an attempt to address three important areas in the literature on fiscal policy in developing countries, namely, the short-run effects of fiscal policy, the cyclical behavior of fiscal policy, and the link between fiscal policy and the current account. The first part of the thesis assesses the effects of government spending shocks on the economy of developing countries. I use a recent Structural Vector Autoregression (SVAR) technique where identification is achieved via sign restrictions. The identification scheme applies the restrictions that government spending shocks are the only shocks that raise government spending, output, deficit and tax revenue in the impact period. I gather data on 9 countries and employ the above outlined technique. The results show that an increase in government spending would lead to a short-lived expansion of output and consumption, an immediate deterioration of net exports, and an appreciation or no effect on exchange rates. Moreover, the calculated output multipliers give values that are greater than one for all but one country in the impact period. The results suggest a fiscal stimulus could have expansionary effects on output and consumption, however these effects would be short-lived. In the second part of the thesis, I consider the issue of procyclicality of fiscal policy in developing countries. In the literature, there exist two competing plausible explanations. One espouses the view that procyclical fiscal policy is a result of lack of financial integration with the world economy while the other view attributes it to weak institutions within the country. I analyze, by taking into consideration the different states of the economy, the role of financial openness and quality of institutions on the ability of countries to conduct counter-cyclical fiscal policy. I develop a multiplicative panel regression model with interactive terms and use data from 109 countries. The analysis shows during good times the quality of institutions has a dominant role to play in the cyclicality of fiscal policy, and during bad times both financial integration and institutions are important in the ability of countries to run counter-cyclical fiscal policy. The third and last part of the thesis, coauthored with Charles Amo-Yartey and Therese Turner Jones, examines the empirical link between fiscal policy and the current account focusing on microstates. Microstates are defined as countries with a population of less than 2 million between 1970 and 2009. Due to microstates being characterized by special features such as small size of domestic markets, small domestic resource base, high degree of openness and large size of the public sector, among others, findings from other countries may not be applicable to such states. In this part, panel regression and Panel Vector Autoregression (PVAR) are employed to estimate the impact of fiscal policy on the current account in microstates. Overall, the results suggest that the weak relative price effect makes fiscal adjustment much more difficult in microstates.
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Sitanggang, Luciana. "Ecotourism management plan for Riung." Title page, contents and abstract only, 2000. http://web4.library.adelaide.edu.au/theses/09ENV/09envs623.pdf.
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Bibliography: leaves 102-105. Presents an ecological management plan for Riung to ensure that the unique environment and traditional culture are protected while ecotourism thrives. Provides strategies and actions; and designed as a model for an Indonesian ecotourism management plan.
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Kagundu, Paul. "The Quality of Governance, Composition of Public Expenditures, and Economic Growth: An Empirical Analysis." unrestricted, 2006. http://etd.gsu.edu/theses/available/etd-07192006-184035/.
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Thesis (Ph. D.)--Georgia State University, 2006.Title from title screen. Jorge L. Martinez-Vazquez, committee chair; James R. Alm, Roy W. Bahl, Mary Beth Walker, Neven T. Valev, Martin F. Grace, committee members. Electronic text (150 p.) : digital, PDF file. Description based on contents viewedAug. 17, 2007. Includes bibliographical references (p. 139-148).
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ANDARI, WIPSAR ASWI DINA TRI, and n/a. "CRISIS MANAGEMENT: A CASE STUDY OF THE INDONESIAN GOVERNMENT TOURISM PUBLIC POLICY AFTER THE FIRST AND SECOND BALI BOMBINGS." University of Canberra. Business & Government, 2007. http://erl.canberra.edu.au./public/adt-AUC20081107.104034.
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This research discusses the tourism crisis management approach used in handling the recovery of
Bali as a tourism destination after the first Bali bombings in 2002 and second Bali bombings in
2005. It acknowledges the importance of a crisis management especially in a situation where the
crisis repeatedly occurs in the same place and targeted the similar target. This research examines
the crisis management approach through the tourism public policy formulated and implemented
by the government of Indonesia. An external perspective from the industry private sector is also
investigated as many scholars note that other observations and opinion from senior executives
following every episode are necessary because they have different perceptions of the crises.
Finally, an investigation of any existence of organisational learning the first and second Bali
bombings is also presented. This research concludes in three new findings. First, the Indonesian
government did not present any crisis management framework after the first and second Bali
Bombings; rather they established a National Recovery Program that lacks few main aspects of
crisis management. Second, although the Indonesian government initiated the recovery program
after the first Bali Bombings it was the private sector (Bali Tourism Board) who initially
instigated the recovery program after the second Bali Bombings. Third, the absence of an
organisational learning was also discovered after the first and second Bali Bombings incidents
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Ndaleni, Phumla. "Enhancing financial accountability in the acquisition of goods and services : the case of the Eastern Cape Provincial Department of Safety and Liaison." Thesis, Nelson Mandela Metropolitan University, 2013. http://hdl.handle.net/10948/d1020657.
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Supply Chain Management is an aspect of the procurement process which focuses on addressing the needs of both the service provider and the end user. It has a constitutional status which enables it to contribute towards addressing past discriminatory practices. It assists in correcting the imbalances of the past in the procurement of goods and services for government. Section 217(1) of the Constitution of the Republic of South Africa (Act 108 of 1996) specifies that procurement must be fair, equitable, transparent, competitive and cost effective. Accountability is the most critical element in improving financial management in the public sector. The objective of the study was to highlight the need for accountability in Public Finance Management. Additionally, it was intended to assess the respective roles of the various processes involved in the acquisition of goods and services with the goal of enhancing accountability in the Eastern Cape Department of Safety and Liaison in Bhisho. The study was conducted at the Head Office of the Supply Chain Management Section and the district offices with officials who are responsible for the procurement of goods and services. In order to achieve the objectives of the research, a survey was conducted using the qualitative method to ensure greater understanding and reliability. Convenience sampling was applied as it allowed the researcher to select the sample that was convenient. Moreover, it made it easier to reach the available participants. Data was gathered by means of face-to-face interviews for the Head Office respondents and telephonic interviews for the respondents of the district offices. The study concluded with recommendations emanating from the research findings that are meant to assist in improving accountability in Supply Chain Management within the Eastern Cape Department of Safety and Liaison.
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Klyvienė, Violeta. "Macroeconomic effects of fiscal policy in Lithuania, Latvia and Estonia." Doctoral thesis, Lithuanian Academic Libraries Network (LABT), 2014. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2014~D_20141010_115047-23680.
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The object of this dissertation is the evaluation of the effectiveness of fiscal policy as stabilizing tools in the Baltic countries. The aim of the research is to evaluate the effects of tax and fiscal policies on such Lithuanian, Latvian and Estonian macroeconomic variables as gross domestic product, employment, foreign direct investment and interest rates. Structural Vector Auto Regressive mode (SVAR) has been employed for the analysis. Results of the research suggest that tax shocks may have different effects in different countries: labour tax increases adversely affect output and employment in all economies. It is only Lithuania where indirect tax increases negatively affect output while in Latvia and Estonia indirect tax shocks effects are positive. Persistent results of the negative corporate income tax effects on macroeconomic variables were obtained only in Lithuania as well, results in Latvia and Estonia vary depending on the SVAR variable composition. The results show that the increase in government spending leads to GDP, employment and foreign direct investment decline in Estonia and Lithuania, while in Latvia the negative impact is less significant. On the other hand, public investment has a positive impact on macroeconomic variables in all three economies. Interest rates are relatively insensitive to fiscal shocks in all Baltic countries, and this may be explained by the high degree of economic openness and dependence on global market fluctuations.Disertacijoje tiriama fiskalinės politikos įtaka Lietuvos, Latvijos ir Estijos makroekonominiam stabilumui. Disertacijos tikslas – nustatyti Baltijos šalių mokesčių ir fiskalinės politikos įtaką ekonominiams procesams ir kiekybiškai įvertinti fiskalinės politikos priemonių poveikį makroekonominiams rodikliams. Šiame darbe buvo tirti svarbiausių fiskalinės politikos priemonių – pagrindinių mokesčių, valdžios sektoriaus investicijų ir visų išlaidų poveikis BVP, užimtiesiems, investicijoms ir palūkanų normoms. Pasitelkus vieną populiariausių fiskalinės politikos efektams tirti taikomų metodų – struktūrinius vektorinius autoregresinius modelius (SVAR) – buvo prieita prie tokių išvadų: skirtingų mokesčių šokai nevienodai veikia Baltijos šalių makroekonominius rodiklius. Darbo mokesčių didinimas neigiamai veikia BVP ir užimtumą visose ekonomikose; bet netiesioginių mokesčių didinimas teigiamai veikia BVP Latvijoje ir Estijoje, ir tik Lietuvoje poveikis yra neigiamas. Tik Lietuvoje buvo gauti stabilūs rezultatai apie neigiamą pelno mokesčių poveikį ekonomikai. Latvijoje ir Estijoje poveikio efektai varijuoja priklausomai nuo SVAR modelio kintamųjų sudėties. Rezultatai rodo, kad valdžios sektoriaus išlaidų didinimas lemia BVP, užimtumo ir tiesioginių investicijų mažėjimą Lietuvoje ir Estijoje. Latvijoje neigiama poveikio įtaka yra mažiau reikšminga. Kita vertus, valdžios sektoriaus investicijos turi teigiamą poveikį ekonomikos procesams visose trijose ekonomikose. Palūkanų normos... [toliau žr. visą tekstą]
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Yuniarto, Yusuf. "The impact of government housing policy on the spatial distribution of new formal housing areas : the case of Jabotabek metropolitan fringe areas, Indonesia." Thesis, University of Nottingham, 1993. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.357066.
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Love, Kaleen E. "The politics of gender in a time of change : gender discourses, institutions, and identities in contemporary Indonesia." Thesis, University of Oxford, 2008. http://ora.ox.ac.uk/objects/uuid:e7aea965-c1aa-43b0-bc76-3bc743e90879.
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This dissertation fundamentally explores the nature of change, and the development interventions that aim to bring this change into a particular society. What emerges is the notion of a ‘spiral’: imagining the dynamic relationship between paradigms and discourses, the institutions and programmes operating in a place, and the way individual identities are constructed in intricate and contradictory ways. Within this spiral, discourse has power – ‘words matter’ – but equally significant is how these words interact dialogically with concrete social structures and institutions – ‘it takes more than changing words to change the world’. Furthermore, these changes are reacted to, and expressed in, the physical, sexed body. In essence, change is ideational, institutional, and embodied. To investigate the politics of change, this dissertation analyses the spiral relationships between gender discourses, institutions, and identities in contemporary Indonesia, focusing on their transmission across Java. It does so by exploring the Indonesian state’s gender policies in the context of globalisation, democratisation, and decentralisation. In this way, the lens of gender allows us to analyse the dynamic interactions between state and society, between ideas and institutions, which impact on everything from cultural structures to physical bodies. Research focuses on the gender policies of the Indonesian Ministry of Women’s Empowerment, substantiated with case study material from United Nations Population Fund reproductive health programmes in West Java. Employing a multi-level, multi-vocal theoretical framework, the thesis analyses gender discourses and relational structures (how discourses circulate to construct the Indonesian woman), gender institutions and social structures (how discourses are translated into programmes), and gender identities and embodied structures (how discourses enter the home and the body). Critically, studying gender requires analysing the human body as the site of both structural and symbolic power. This dissertation thus argues for renewed emphasis on a ‘politics of the body’, recognising that bodies are the material foundations from which gender discourses derive their naturalising power and hence ability to structure social relations. The danger of forgetting this politics of the body is that it allows for slippage between ‘gender’ and ‘women’; policy objectives cannot be disentangled from the reality of physical bodies and their social construction. This thesis therefore argues that there are distinct and even inverse impacts of gender policies in Indonesia. As the ‘liberal’ and ‘modern’ assumptions of gender equality are overlaid onto the patriarchal culture of a society undergoing transformation, women’s bodies and women’s sexuality are always and ever the focus of the social gaze. The gender policies and interventions affecting change on discursive and institutional levels may thus provoke reaction at the level of individual identities that are contrary to explicit intentions. In effect, projects that purport to work on ‘gender’ are often so deeply rooted in underlying gender normativity that their net effect is to reinscribe these gender hierarchies. By exposing the contradictions in these underlying paradigms we gain insight into the politics of a transforming society. Furthermore, engaging with the politics of the body allows us to analyse the spiral processes between discourse and practice, the question of power, and the way men and women embody social structures and experience social transformation.
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Rifai, Amzulian. "Socio-legal aspects of land disputes in relation to oil palm plantation activities : the case of South Sumatra." Monash University, Faculty of Law, 2002. http://arrow.monash.edu.au/hdl/1959.1/7638.
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Guo, Hai. "Setting Discretionary Fiscal Policy within the Limits of Budgetary Institutions: Evidence from American State Governments." Atlanta, Ga. : Georgia Institute of Technology, 2008. http://hdl.handle.net/1853/24738.
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Thesis (Ph.D.)--Public Policy, Georgia Institute of Technology, 2008.Committee Chair: Willoughby, Katherine; Committee Member: Eger, Robert; Committee Member: Kingsley, Gordon; Committee Member: Sjoquist, David; Committee Member: Wallace, Sally.
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Purba, Rasita Ekawati. "Rural women, poverty and social welfare programs in Indonesia." University of Western Australia. School of Social and Cultural Studies, 2006. http://theses.library.uwa.edu.au/adt-WU2006.0056.
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[Truncated abstract] As a developing country, Indonesia has been struggling with complex and contentious development issues since Independence in 1945. Despite remarkable economic achievement during the New Order period (1966-1998), poverty has persisted and the benefits of development have been unequally distributed. Social welfare — the system of social security to protect the well-being of the weaker members of society has received little attention in Indonesia, both from the state and from the scholarly community. The historical neglect of social welfare in Indonesia has begun to be addressed recently, with the Social Safety Net (SSN) initiative. SSN is a social welfare program that was launched by the government of Indonesia to mitigate the deleterious impacts of the economic crisis that hit the nation in 1997. This thesis aims to assess how the SSN accommodated the needs and aspirations of poor women, particularly those who live in rural areas. The rural poor deserve attention because poverty in rural areas is widespread and often intractable, and because poverty in rural areas tends to be more invisible than in urban areas. The urban poor are more visible, because they are “in the face” of the powerful every day, and they are more likely to be able to access agencies of power than the rural poor.
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"Composition of government spending, capital accumulation, and welfare." 2001. http://library.cuhk.edu.hk/record=b5890821.
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Ho Wai-yee.Thesis (M.Phil.)--Chinese University of Hong Kong, 2001.
Includes bibliographical references (leaves 52-53).
Abstracts in English and Chinese.
Abstract (English) --- p.i
Abstract (Chinese) --- p.ii
Acknowledgement --- p.iii
Table of contents --- p.iv
Chapter Chapter1
Chapter 1.1 --- Introduction --- p.1
Chapter 1.2 --- Literature Review --- p.4
Chapter 1.3 --- Organization of the thesis --- p.8
Chapter Chapter2
Chapter 2.1 --- Introduction --- p.9
Chapter 2.2 --- The Model --- p.9
Chapter 2.3 --- Effects of government expenditure --- p.11
Chapter 2.4 --- Summary
Chapter Chapter3
Chapter 3.1 --- Introduction --- p.16
Chapter 3.2 --- The Model --- p.16
Chapter 3.3 --- The capital mobile case --- p.21
Chapter 3.4 --- Summary --- p.25
Chapter Chapter4
Chapter 4.1 --- Introduction --- p.27
Chapter 4.2 --- The Model --- p.27
Chapter 4.3 --- Dynamics --- p.33
Chapter 4.4 --- Current Account Balance --- p.35
Chapter 4.5 --- Comparative Statics --- p.36
Chapter 4.6 --- Welfare --- p.38
Chapter 4.7 --- Summary --- p.41
Chapter Chapter5
Conclusion --- p.43
Appendix --- p.46
Reference --- p.52
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Mlilo, Mthokozisi. "The economics of government spending: an institutional approach." Thesis, 2019. https://hdl.handle.net/10539/29827.
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Thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy,
in the Faculty of Commerce, Law and Management, School of Economic and Business Sciences. 27 March 2019This thesis investigates the role of institutional quality on the impact of government expenditure on economic performance. The thesis consists of five chapters. Chapter 1 provides an introduction of the thesis. Chapters 2, 3 and 4 are empirical chapters examining the role of institutions on the relationship between government expenditure and various indicators of economic performance. Chapter 5 concludes by giving policy recommendations. In chapter 1 we provide a background, motivation, objectives, hypothesis to be tested, gaps in the literature, contributions of the study and the main findings. In chapter 2 we explore how institutional quality affects the government spending-output growth nexus. We estimate a modified growth accounting model found in Hansson and Henrekson (1994) and control for institutional quality by employing panel regression techniques on a panel of 71 countries over a period 1970-2015. Our main estimation technique, 3SLS with seemingly unrelated errors, is able to control for endogeneity and cross equation correlation. We find that the institutional quality variable has a mitigating effect on the relationship between government expenditure and output growth however, government expenditure generally has a negative and detrimental effect on output growth. This suggests that better institutional quality offsets the adverse effects of government expenditure. As such, there is a need to come up with policies that strengthen institutional quality and enhance the effectiveness of government expenditure programs. Chapter 3 we examine the role of institutions on the optimal size of the government. The quadratic method of Armey (1995) and Scully (1994) method are employed on the country (time series regression) and group (panel data regression) estimations. Furthermore, we use the Hansen (1999) panel threshold regression technique to determine the presence of an optimal size and the values thereof. We ascertain that the majority of countries do have a significant optimal size of government. However, we note that the optimal size of government varies across countries and regions. Despite the presence of a non-linear relationship between government expenditure and output growth, there seems to be a marked difference between the size of government across levels of development and institutional arrangements. Countries with better institutions and higher levels of development seem to have a lower optimal level of government size. Perhaps, better institutions and higher levels of development help mitigate the adverse effects of government expenditure on output growth through the minimisation of the scope and scale of government activities, i.e., government size. Chapter 4 investigates the Twin Deficits Hypothesis (TWDH) and the role of institutional quality on a sample of 48 countries for the period 1995-2013. Using the national income accounting decomposition and the approaches in Feldstein and Horioka (1980) and Fidrmuc (2003) we investigate the role of institutional quality and capital mobility on the current account deficits and the government budget deficits (i.e., TWDH) nexus. We apply OLS, fixed effects, random effects regressions and panel cointegration techniques in our analysis. The results from the panel cointegration tests show that a long run relationship exists between the current account balance, investment and the government budget balance. The results reveal that current account deficits are mainly driven by private investment flows. However, we only find support for the Twin Deficits Hypothesis in a sample of developed countries and higher institutional quality countries. The results imply that governments of these countries enjoy financing from international sources and can easily finance their budget deficits without siphoning domestic savings away from investment. This result is unsurprising considering that capital seems to flow towards areas with perceived less risk. This suggests that current account deficits in developing countries are as a result of private agents’ decisions and not driven by government budget deficits.
PH2020