Public Finance Crisis: How to React?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61858307%3A_____%2F12%3A%230000053" target="_blank" >RIV/61858307:_____/12:#0000053 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Public Finance Crisis: How to React?
Original language description
Our chapter first explains the character of the current crisis. Than we focus on its current phase that might be named ?public finance crisis?, including some model predictions. The core part indicates that between many existing solutions the states shall focus on improving efficiency and effectiveness of public expenditures. Too many ?black holes? still persist in all areas of public financing, ?fixing? at least some of them may significantly help to balance fiscal results of market economies. Our chapter argues that the best way to balance revenues and expenditures are efficiency improvements. According to our estimates up to 5% (or may be even more with more pessimistic approach) of GDP is wasted because of allocative and technical inefficiencies inour public sectors. Possible solutions are very well described by the standard literature; the core problem will be implementation capacity of respective governments.
Czech name
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Czech description
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Project
<a href="/en/project/GAP403%2F10%2F1892" target="_blank" >GAP403/10/1892: Outsourcing optimalization in public sector</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Book/collection name
Analysis of the Impact the Economic Crisis on Public Finances
ISBN
978-80-7357-763-6
Number of pages of the result
30
Pages from-to
15-44
Number of pages of the book
316
Publisher name
Wolters Kluwer
Place of publication
Praha
UT code for WoS chapter
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