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The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in oversimplified high level aggregates and lacking in methodological transparency, or, available with a great level of detail and a unified methodological approach yet overly complicated to understand. The IMF’s Government Finance Statistics Yearbook (GFSY) withdata over an almost 40 year period for almost 140 countries is a valuable database but with a complex structure requiring some specialty knowledge that most data users do not have. The IMF's Statistics Department embarked on several initiatives to improve its accessibility. The purpose of this paper is to provide a non-technical overview of the methodology and advantages of the GFSY database and discussion of how the database is improving to better meet the needs of the user community.
Book Synopsis Recent Improvements to the Government Finance Statistics Yearbook Database in Response to Analytical Needs by : Mr.Mike Seiferling
Download or read book Recent Improvements to the Government Finance Statistics Yearbook Database in Response to Analytical Needs written by Mr.Mike Seiferling and published by International Monetary Fund. This book was released on 2013-01-14 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in oversimplified high level aggregates and lacking in methodological transparency, or, available with a great level of detail and a unified methodological approach yet overly complicated to understand. The IMF’s Government Finance Statistics Yearbook (GFSY) withdata over an almost 40 year period for almost 140 countries is a valuable database but with a complex structure requiring some specialty knowledge that most data users do not have. The IMF's Statistics Department embarked on several initiatives to improve its accessibility. The purpose of this paper is to provide a non-technical overview of the methodology and advantages of the GFSY database and discussion of how the database is improving to better meet the needs of the user community.
Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) — standard of living, education and health, and their relationship with public social spending for achieving the 2030 Agenda for Sustainable Development. The study estimates the effects of public social spending on gross national income (GNI) per capita (in PPP in $), expected years of schooling and life expectancy for a sample of 68 countries. The relationship is robust to controlling for a variety of factors and the estimated magnitudes suggest a positive long-run effect of public educational spending on GNI per capita, public educational spending on expected years of schooling, and public health expenditures on life expectancy.
Book Synopsis Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development by : Iana Paliova
Download or read book Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development written by Iana Paliova and published by International Monetary Fund. This book was released on 2019-09-26 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) — standard of living, education and health, and their relationship with public social spending for achieving the 2030 Agenda for Sustainable Development. The study estimates the effects of public social spending on gross national income (GNI) per capita (in PPP in $), expected years of schooling and life expectancy for a sample of 68 countries. The relationship is robust to controlling for a variety of factors and the estimated magnitudes suggest a positive long-run effect of public educational spending on GNI per capita, public educational spending on expected years of schooling, and public health expenditures on life expectancy.
Delegating fiscal decision making power to sub-national governments has been an area of interest for both academics and policymakers given the expectation that it may lead to better and more efficient provision of public goods and services. Decentralization has, however, often occurred on the expenditure and less on the revenue side, creating “vertical fiscal imbalances” where sub-national governments’ expenditures are not financed through their own revenues. The mismatch between own revenues and expenditures may have consequences for public finance performance. This study constructs a large sample of general and subnational level fiscal data beginning in 1980 from the IMF’s Government Finance Statistics Yearbook. Extending the literature to the balance sheet approach, this paper examines the effects of vertical fiscal imbalances on government debt. The results indicate that vertical fiscal imbalances are relevant in explaining government debt accumulation suggesting a degree of caution when promoting fiscal decentralization. This paper also underlines the role of data covering the general government and its subectors for comprehensive analysis of fiscal performance.
Book Synopsis Vertical Fiscal Imbalances and the Accumulation of Government Debt by : Inaki Aldasoro
Download or read book Vertical Fiscal Imbalances and the Accumulation of Government Debt written by Inaki Aldasoro and published by International Monetary Fund. This book was released on 2014-11-20 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delegating fiscal decision making power to sub-national governments has been an area of interest for both academics and policymakers given the expectation that it may lead to better and more efficient provision of public goods and services. Decentralization has, however, often occurred on the expenditure and less on the revenue side, creating “vertical fiscal imbalances” where sub-national governments’ expenditures are not financed through their own revenues. The mismatch between own revenues and expenditures may have consequences for public finance performance. This study constructs a large sample of general and subnational level fiscal data beginning in 1980 from the IMF’s Government Finance Statistics Yearbook. Extending the literature to the balance sheet approach, this paper examines the effects of vertical fiscal imbalances on government debt. The results indicate that vertical fiscal imbalances are relevant in explaining government debt accumulation suggesting a degree of caution when promoting fiscal decentralization. This paper also underlines the role of data covering the general government and its subectors for comprehensive analysis of fiscal performance.
The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arslanalp and Takahiro Tsuda). The Q&A looks at "Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates" (Rudolfs Bems). Readers can also find in this issue a listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications. The Bulletin also includes a call for papers for a research conference and information on free access to the IMF Economic Review in April.
Book Synopsis IMF Research Bulletin, March 2013 by : International Monetary Fund. Research Dept.
Download or read book IMF Research Bulletin, March 2013 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2013-03-15 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arslanalp and Takahiro Tsuda). The Q&A looks at "Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates" (Rudolfs Bems). Readers can also find in this issue a listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications. The Bulletin also includes a call for papers for a research conference and information on free access to the IMF Economic Review in April.
Demonstrating how subsidy reform may contribute to a better environment, support fiscal reform and address social and economic objectives, this authoritative book will appeal to policy makers and their advisors all over the world. It will also be a use
Book Synopsis Paying the Polluter by : Frans H. Oosterhuis
Download or read book Paying the Polluter written by Frans H. Oosterhuis and published by Edward Elgar Publishing. This book was released on 2014-05-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrating how subsidy reform may contribute to a better environment, support fiscal reform and address social and economic objectives, this authoritative book will appeal to policy makers and their advisors all over the world. It will also be a use
A useful but little known feature of the IMF’s Government Finance Statistics Yearbook (GFSY) is the information on the structure of governments. Institutional tables, included in the GFSY, provide detail on the central, state, and local levels of governments, social security, and extrabudgetary units. We refer to the main levels of government as GL1, GL2, and GL3 in ascending order of institutional coverage. We present maps of the various levels of government for 74 countries to illustrate the usefulness of this database and make it more accessible to users. The maps provide information about how centralized or decentralized government finances and employment are and their size relative to the overall economy. Government map data facilitate the monitoring of fiscal policy and fiscal rules.
Book Synopsis The IMF's Government Finance Statistics Yearbook by : International Monetary Fund
Download or read book The IMF's Government Finance Statistics Yearbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: A useful but little known feature of the IMF’s Government Finance Statistics Yearbook (GFSY) is the information on the structure of governments. Institutional tables, included in the GFSY, provide detail on the central, state, and local levels of governments, social security, and extrabudgetary units. We refer to the main levels of government as GL1, GL2, and GL3 in ascending order of institutional coverage. We present maps of the various levels of government for 74 countries to illustrate the usefulness of this database and make it more accessible to users. The maps provide information about how centralized or decentralized government finances and employment are and their size relative to the overall economy. Government map data facilitate the monitoring of fiscal policy and fiscal rules.
The IMF Government Finance Statistics contains statistical data on government financial operations for 156 countries. Where reported, the database contains time series from 1990 onwards using the Government Finance Statistics Manual 2001 (GFSM 2001) framework. The statistics, issued quarterly, are updated as new data are received and time series become available. These time series present combined statistics on revenue, expense, transactions in non-financial assets, and financial assets and liabilities, as well as on stocks of assets and liabilities of general government and its subsectors.
Book Synopsis Government Finance Statistics Yearbook, 2013 by : International Monetary Fund. Statistics Dept.
Download or read book Government Finance Statistics Yearbook, 2013 written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2014-04-02 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Government Finance Statistics contains statistical data on government financial operations for 156 countries. Where reported, the database contains time series from 1990 onwards using the Government Finance Statistics Manual 2001 (GFSM 2001) framework. The statistics, issued quarterly, are updated as new data are received and time series become available. These time series present combined statistics on revenue, expense, transactions in non-financial assets, and financial assets and liabilities, as well as on stocks of assets and liabilities of general government and its subsectors.
While governments prefer to alter budgets to fit their ideological stances, the domestic and international contexts can facilitate or constrain behavior. The Politics of Budgets demonstrates when governments do and do not make preferred budgetary changes. It argues for an interconnected view of budgets and explores both the reallocation of expenditures across policy areas and the interplay among budgetary components. While previous scholars have investigated how politics and economics shape a single budgetary category, or collective categories, this methodologically rich study analyzes data for thirty-three countries across thirty-five years to provide a more comprehensive theoretical approach: a 'holistic' framework about the competition and contexts around the budgetary process and an of examination of how and when these factors affect the budgetary decision-making processes.
Book Synopsis The Politics of Budgets by : Christine S. Lipsmeyer
Download or read book The Politics of Budgets written by Christine S. Lipsmeyer and published by Cambridge University Press. This book was released on 2023-03-31 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: While governments prefer to alter budgets to fit their ideological stances, the domestic and international contexts can facilitate or constrain behavior. The Politics of Budgets demonstrates when governments do and do not make preferred budgetary changes. It argues for an interconnected view of budgets and explores both the reallocation of expenditures across policy areas and the interplay among budgetary components. While previous scholars have investigated how politics and economics shape a single budgetary category, or collective categories, this methodologically rich study analyzes data for thirty-three countries across thirty-five years to provide a more comprehensive theoretical approach: a 'holistic' framework about the competition and contexts around the budgetary process and an of examination of how and when these factors affect the budgetary decision-making processes.
The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in oversimplified high level aggregates and lacking in methodological transparency, or, available with a great level of detail and a unified methodological approach yet overly complicated to understand. The IMF’s Government Finance Statistics Yearbook shows fiscal data of around 140 countries following the Government Finance Statistics Manual 2001 framework. The associated database includes data series covering over an almost 40 year period. The IMF's Statistics Department embarked on several initiatives to improve its accessibility.
Book Synopsis Government Finance Statistics Yearbook, 2012 by : International Monetary Fund. Statistics Dept.
Download or read book Government Finance Statistics Yearbook, 2012 written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2013-03-19 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in oversimplified high level aggregates and lacking in methodological transparency, or, available with a great level of detail and a unified methodological approach yet overly complicated to understand. The IMF’s Government Finance Statistics Yearbook shows fiscal data of around 140 countries following the Government Finance Statistics Manual 2001 framework. The associated database includes data series covering over an almost 40 year period. The IMF's Statistics Department embarked on several initiatives to improve its accessibility.
Book Synopsis Government Finance Statistics Yearbook by :
Download or read book Government Finance Statistics Yearbook written by and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
