Browse by: "2013"
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The growth of urban areas resulting from natural increases in population and migration from rural areas is a global phenomenon.
The environment is a hot topic in the press and classrooms and much has been said about the need for action to protect our planet. Education plays a crucial role in raising awareness of environmental challenges and shaping the attitudes and behaviours that can make a difference.
The growing rate of obesity is one of the most significant health trends in OECD countries and increasingly, in Brazil, Russia, India and China, the “BRIC” countries. Perhaps surprisingly, this health trend is also strongly linked to lower educational attainment – both as a cause and as an effect.
This article examines the scope and size of adjustments made by statisticians on source data from public accounting systems in EU member states to reach harmonised statistical measures. The article focuses on EDP Table 2 which shows the reconciliation from cash/cash modified or accrual public accounting to ESA 95, analyses the potential changes needed to EDP Table 2 if public accounting is on a full accrual/IPSAS basis, and proposes a possible way forward for better reconciling the relevant reporting balances. The analysis takes into account the study carried out by the European Commission report on the “Suitability of International Accounting Standards for the Public Sector (IPSAS) for the EU member states”, and the differences between statistical reporting and IPSAS highlighted by IPSASB in the consultation paper on “IPSASs and Government Finance Statistics”.
The sustainability of national economies will ultimately require a balance between near-term growth and longer-term fiscal consolidation. The question that is now being raised is whether such actions are politically sustainable. As the OECD area begins to emerge from the recession, another question is whether democratic countries can take pro-active leadership before a crisis forces their hand. This article examines the politics of fiscal consolidations in OECD countries in recent years, assessing whether and how leaders attempted to resolve the tensions between the fiscal and electoral imperatives.
JEL classification: H610, H620, H630, H680, P160
Keywords: Fiscal consolidation, sustainability of public finances, deficit, debt, Great Recession, financial crisis, political efficacy, democratic institutions, fiscal austerity, economic growth, role of political institutions, budget cuts, fiscal rules, political outcomes