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Indicators of deficit financing in the general fund of Indiana public school corporationsPearson, Joseph R. January 2004 (has links)
The purpose of this study was to determine if a set of twelve financial ratios developed from revenue and expenditure characteristics of Indiana public school corporations in 1998, 1999, and 2000 could forecast a district's financial condition in 2001 and 2002. The study was limited to the statutory general fund which finances a district's day-to-day instructional expenditures. A district's financial status was determined by computing a composite financial status ratio (CFSR) using the district's annual net revenues and expenditures for 2001 and 2002. The relationship of twelve independent variables was examined with the CFSR continuum using multiple linear regression analyses. The population of the study included 286 of the 293 public school corporations in Indiana. The findings of the study found: (1) 94.4 percent of Indiana's public school corporations were considered non-financially distressed and 5.6 percent were considered financially distressed; (2) four independent variables were identified as significant and practical predictors of a district's financial condition: annual spending, December 31st encumbered cash balance, biannual spending, and annual expenditures/ADM ratios; (3) three independent variables were significant; however, the variables were not considered functional predictors of a district's financial condition: personnel/annual expenditure, certified instruction/personnel expenditure, and local property tax/annual revenue; and (4) four independent variables were not significant and were unable to predict a school district's financial condition: December 31S` net cash balance, employee benefit/annual expenditure, student growth, and school size impact factor ratios. The conclusions indicate: (1) financial ratios can be utilized by administrators to forecast a district's financial condition; (2) several financial ratios capable of forecasting a district's financial condition are under the management control of administrators; (3) financial ratios vary in the period of time they are capable of predicting a district's financial condition; (4) all statistically significant financial ratios may not be consistent predictors of a district's financial condition; (5) not all financial ratios serve as predictors of a district's financial condition even though the ratios provide important financial information; and (6) combined multiple year financial data, in addition to single year data, can be utilized to enhance the model's ability to predict a district's financial condition. / Department of Educational Leadership
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Three essays on current account dynamicsSobrino, Cesar R. January 1900 (has links)
Thesis (Ph. D.)--West Virginia University, 2008. / Title from document title page. Document formatted into pages; contains v, 83 p. : ill. (some col.). Vita. Includes abstract. Includes bibliographical references (p. 70-75).
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Public sector deficits and macroeconomic performance in LebanonSaleh, Ali Salman. January 2004 (has links)
Thesis (Ph.D.)--University of Wollongong, 2004. / Typescript. Includes bibliographical references: leaf 300-317.
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Supply-side economics, transitional dynamics and endogenous growth: further insights.January 1999 (has links)
by Leung Wai-Leung. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 71-73 (2nd gp.)). / Abstracts in English and Chinese. / Acknowledgements --- p.ii / Abstract --- p.iii / Table of Contents --- p.vi / Chapter / Chapter I --- Introduction --- p.1 / Chapter II --- Literature Review --- p.5 / Chapter III --- The Model --- p.17 / Chapter IV --- Simulating The Tax Cut --- p.32 / Chapter V --- Cutting Tax in A Balanced Growth Economy --- p.40 / Chapter VI --- Welfare Analysis --- p.47 / Chapter VII --- Sensitivity Analysis --- p.50 / Chapter VIII --- Conclusion --- p.59 / Appendix A --- p.62 / Appendix B --- p.64 / Appendix C --- p.68 / Reference --- p.71
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Moral panics and the strengthening of hegemony : the deficit and debt 'Crisis' in Canada /Hoffman, Jennifer Jane, January 1900 (has links) (PDF)
Thesis (M.A.)--University of Western Ontario, 1998. / Vita: p. 153. Includes bibliographical references (p. 143-152). Also available on the Internet. MODE OF ACCESS via web browser by entering the following URL: http://www.nlc-bnc.ca/obj/s4/f2/dsk2/ftp03/MQ39832.pdf.
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The analytical and empirical appraisal of the Ricardian equivalence with reference to South Africa.Newport-Gwilt, Victoria Joan. January 1998 (has links)
The Government of National Unity, on coming into power in April, 1994, has endorsed the reconstruction and development programme (RDP) and its broad agenda for the rapid removal of the problems and gross inequality evident in all aspects of the South African society. Many economists argue that the sustain ability of the RDP, will depend crucially on the maintenance of fiscal discipline and the progressive reduction of the overall fiscal deficit. As excessive fiscal deficits are often associated with higher inflation, higher real interest rates, balance of payments disequilibrium and lower economic growth, thereby putting the RDP at jeopardy. The view based on the
Ricardian Equivalence approach however, takes the position that neither deficits nor the way they are financed, is as critical to economic policy and the future prosperity of an economy, as is generally believed. The Ricardian view consequently, argues that government need not necessarily embark on deficit reduction programmes as advocated by the so called traditional view. The study investigates the validity of the Ricardian view, both on the empirical and theoretical side, with special reference to the South African economy. The specific question that this study attempts to address is whether economic agents behave in a Ricardian manner in the South African economy. Our results (based on the replication of the Dalamagas (1994) study) could be very consequential for South African policy makers, as they suggest that the Ricardian Equivalence proposition is valid and therefore, government could on purely theoretical grounds shift its focus
away from the debt situation, and concentrate on the policies aimed to correct the inequalities (in wealth, distribution of public goods, employment opportunities) created by the Apartheid era. Whether government should do so in reality however is debateable due to the other considerations that government need to take account of when implementing actual macroeconomic policy. / Thesis (M.Soc.Sc.)-University of Natal, Pietermaritzburg, 1998.
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Is the debt crisis history? : recent private capital inflows to developing countries /Dooley, Michael P. Fernandez-Arias, Eduardo. Kletzer, Kenneth. January 1900 (has links)
The debt crisis may be sleeping rather than dead-- and may well be aroused as interest rates rise again. Debt reduction and policy reform-- including fiscal reform and privatization-- improved access to capital markets in the 1990s for some developing countries that had debt servicing problems in the 1980s. Overall, however, access to capital markets depends mostly on international interest rates. / "July 1994"--Cover. Includes bibliographical references (p. 29-30). Also available on the World Wide Web.
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Is the debt crisis history? recent private capital inflows to developing countries /Dooley, Michael P. Fernandez-Arias, Eduardo. Kletzer, Kenneth. January 1900 (has links)
The debt crisis may be sleeping rather than dead-- and may well be aroused as interest rates rise again. Debt reduction and policy reform-- including fiscal reform and privatization-- improved access to capital markets in the 1990s for some developing countries that had debt servicing problems in the 1980s. Overall, however, access to capital markets depends mostly on international interest rates. / "July 1994"--Cover. Includes bibliographical references (p. 29-30).
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The sustainability of domestic budget deficits in open economiesLangdana, Farrokh K. January 1987 (has links)
This paper presents a framework for exploring the sustainability of U.S. domestic budget deficits in the presence of the currently experienced capital inflows. A 'sustainable' deficit-financing policy is defined as one in which the combination of debt-financing and seigniorage precludes the creation of a large unanticipated inflation to wipe out the debt in real terms. The model implemented is a rational expectations model of the open economy and two separate cases are analyzed.
In Case I, domestic money creation is held 'fixed' and any increases in the deficit are financed by the sale of one-year discounted government bonds to domestic and foreign residents. In Case II domestic money and bonds are both endogenously determined. The asset market, in both the cases, is characterized by perfect capital mobility as defined by uncovered nominal interest parity. Real interest parity, however, does not exist as domestic and foreign goods are not perfect substitutes.
In Case I, the solution of the domestic price level exhibits price-neutrality with respect to the deficits. The nominal and real exchange rates, however, are found to appreciate with increases in deficits and the situation is aggravated further by an exodus of domestic real wealth.
In Case II, on the other hand, deficits are found to be inflationary and both nominal and real exchange rates depreciate with increases in the deficit. Furthermore, increases in the amount of debt being rolled over cause even greater upward pressures on domestic inflation and result in the further weakening of the dollar. The solutions also provide us with an expression for the maximum amount of debt that can be rolled over without causing the domestic price level to explode or the currency to collapse. This 'critical value' of debt is found to bear an inverse relationship to the rate of growth of the domestic deficit. Bond-financed deficits are therefore non-sustainable in both the cases discussed, and the arithmetic, it seems, is unpleasant indeed. / Ph. D.
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"Can the national budget influence investment and growth? : - a Ricardian perspective"Mathfield, Damon. January 2006 (has links)
Since Ricardo's nineteenth-century suggestion that the mean's of financing government spending is irrelevant, theoretical debate concerning the burden of government debt has been vigorous / Thesis (M.Econ.)-University of KwaZulu-Natal, Pietermaritzburg, 2006.
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