A presentation of the new Panama Canal (opening in 2016) in the context of global economic change, containerized shipping technologies and a worldwide multi-modal shipping system. Five determinants are identified to assess the prospects of Panamanian centrality in global shipping over the coming decades.
{"title":"The New Panama Canal in a Global Context (Presentation Slides)","authors":"Herman L. Boschken","doi":"10.2139/SSRN.2827756","DOIUrl":"https://doi.org/10.2139/SSRN.2827756","url":null,"abstract":"A presentation of the new Panama Canal (opening in 2016) in the context of global economic change, containerized shipping technologies and a worldwide multi-modal shipping system. Five determinants are identified to assess the prospects of Panamanian centrality in global shipping over the coming decades.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115584432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Hungry Kya? (Are you Hungry?) This wide spread pseudo language phrase has been floating around in electronic, print and digital media besides being projected on bill boards across South Asia. The advertiser while using this phrase along with the image of a slice of a pizza invites the attention of a section of population to the culture of consumption. However, this symbol of modernity strongly contradicts with the images from the other part of the continent which is starving and dying of hunger. Recently, I came across the Report on the Global Hunger Index (GHI) 2014 which scrutinized the state of hunger in 120 countries. On the basis of multidimensional statistical analysis, it claims that 55 of these countries are in abysmal conditions with respect to hunger. The report estimates that 805 millions are suffering from chronic hunger while 2 billion people are afflicted with hidden hunger, that is, the deficiency of micronutrients, all over the world. According to this report, the continents of Africa and South Asia have the highest level of hunger. The GHI ranks India at 55th position, Bangladesh and Pakistan at 57th position, Nepal at 44th and Sri Lanka at 39th position. In this context when I see this tagline Hungry Kya?, I feel the urge of reframing it to Hunger Kya Hai? (What is hunger from the perspective of a hungry person?) Hungry kaun? (Who are Hungry?) Hungry Kyun aur Kaise? (Why and how hunger persists in South Asia in spite of accelerating economic growth?) In this article, I attempt to look at the microcosmic reality and macrocosmic facts relating to hunger in South Asia.
{"title":"From Hungry Kya? To Hunger Kya? Revisiting Hunger in South Asia","authors":"Shalu Nigam","doi":"10.2139/ssrn.2604918","DOIUrl":"https://doi.org/10.2139/ssrn.2604918","url":null,"abstract":"Hungry Kya? (Are you Hungry?) This wide spread pseudo language phrase has been floating around in electronic, print and digital media besides being projected on bill boards across South Asia. The advertiser while using this phrase along with the image of a slice of a pizza invites the attention of a section of population to the culture of consumption. However, this symbol of modernity strongly contradicts with the images from the other part of the continent which is starving and dying of hunger. Recently, I came across the Report on the Global Hunger Index (GHI) 2014 which scrutinized the state of hunger in 120 countries. On the basis of multidimensional statistical analysis, it claims that 55 of these countries are in abysmal conditions with respect to hunger. The report estimates that 805 millions are suffering from chronic hunger while 2 billion people are afflicted with hidden hunger, that is, the deficiency of micronutrients, all over the world. According to this report, the continents of Africa and South Asia have the highest level of hunger. The GHI ranks India at 55th position, Bangladesh and Pakistan at 57th position, Nepal at 44th and Sri Lanka at 39th position. In this context when I see this tagline Hungry Kya?, I feel the urge of reframing it to Hunger Kya Hai? (What is hunger from the perspective of a hungry person?) Hungry kaun? (Who are Hungry?) Hungry Kyun aur Kaise? (Why and how hunger persists in South Asia in spite of accelerating economic growth?) In this article, I attempt to look at the microcosmic reality and macrocosmic facts relating to hunger in South Asia.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"52 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133978164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this paper, we shed new light on a long-standing puzzle: In India, Muslim children are substantially more likely than Hindu children to survive to their first birthday, even though Indian Muslims have lower wealth, consumption, educational attainment, and access to state services. Contrary to the prior literature, we show that the observed mortality advantage accrues not to Muslim households themselves but rather to their neighbors, who are also likely to be Muslim. Investigating mechanisms, we provide a collage of evidence suggesting externalities due to poor sanitation are a channel linking the religious composition of neighborhoods to infant mortality.
{"title":"Neighborhood Sanitation and Infant Mortality","authors":"M. Geruso, Dean Spears","doi":"10.2139/ssrn.2605479","DOIUrl":"https://doi.org/10.2139/ssrn.2605479","url":null,"abstract":"In this paper, we shed new light on a long-standing puzzle: In India, Muslim children are substantially more likely than Hindu children to survive to their first birthday, even though Indian Muslims have lower wealth, consumption, educational attainment, and access to state services. Contrary to the prior literature, we show that the observed mortality advantage accrues not to Muslim households themselves but rather to their neighbors, who are also likely to be Muslim. Investigating mechanisms, we provide a collage of evidence suggesting externalities due to poor sanitation are a channel linking the religious composition of neighborhoods to infant mortality.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124789154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Islamic Republic of Iran hegemon strategy is a clear and present danger to the Middle East; the strategy exacerbates ethnic and sectarian tensions and poses a danger of nuclear proliferation in the region. This analysis traces the roots of the Islamic Republic of Iran strategy as driven by Shiite religious imperatives and Iranian national interests. Two recent events, the resultant chaos from the Arab Spring and the new U.S. policy of disengagement from the Middle East changed the Middle East geostrategic environment; the residual consequences of the Arab Spring produced new threats to Iranian security and the United States progressive disengagement altered the regional strategic calculus. Iran adapted to the evolving environment to achieve major strategic advantages. Iran achieved increased political influence in countries flanking Saudi Arabia, gained additional leverage in the nuclear negotiations with the U.S., and deployed Iranian military forces outside Iran in a de facto sectarian war. The primary conclusion is Iran has effectively used the U.S. disengagement policy and localized vulnerabilities, which emerged in the Arab Spring chaos, to seize increased Iranian political and military freedom of action in Iraq, Syria, Lebanon, and Yemen.
{"title":"Persian Hegemony Once – Iranian Hegemony Now?","authors":"Sarah Schiesz","doi":"10.2139/ssrn.2593289","DOIUrl":"https://doi.org/10.2139/ssrn.2593289","url":null,"abstract":"The Islamic Republic of Iran hegemon strategy is a clear and present danger to the Middle East; the strategy exacerbates ethnic and sectarian tensions and poses a danger of nuclear proliferation in the region. This analysis traces the roots of the Islamic Republic of Iran strategy as driven by Shiite religious imperatives and Iranian national interests. Two recent events, the resultant chaos from the Arab Spring and the new U.S. policy of disengagement from the Middle East changed the Middle East geostrategic environment; the residual consequences of the Arab Spring produced new threats to Iranian security and the United States progressive disengagement altered the regional strategic calculus. Iran adapted to the evolving environment to achieve major strategic advantages. Iran achieved increased political influence in countries flanking Saudi Arabia, gained additional leverage in the nuclear negotiations with the U.S., and deployed Iranian military forces outside Iran in a de facto sectarian war. The primary conclusion is Iran has effectively used the U.S. disengagement policy and localized vulnerabilities, which emerged in the Arab Spring chaos, to seize increased Iranian political and military freedom of action in Iraq, Syria, Lebanon, and Yemen.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"30 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123519238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper aim to determine the relationship of tourism growth in Malaysia, Singapore and Thailand to Indonesia. Firstly, the paper performed bivariate and multivariate analysis on each country measured. Secondly, the paper performed a non-parametrical approach to evaluate which combination of tourists movement gave the highest contribution to Indonesia’s tourist arrival. The estimated multivariate model explain the relationship between variables more clearly compared than the other estimated model (R-square > 90%). Malaysia’s and Singapore’s growth in tourists arrival gave effect to the growth in Indonesia, in the long run and short run. However, Thailand’s growth of tourists arrival has only given significant effect to Indonesia’s growth of tourist arrival in the short run. The reverse analysis conducted later on this paper, suggest that Indonesia’s growth in tourists arrival itself gave significant effect to the growth of tourists arrival in Malaysia and Thailand, in the long run and short run as well. However, Indonesia’s growth of tourists arrival only gave an effect toward Singapore in the short run. There’s no evidence of Indonesia’s growth affected Singapore in the long run. Lastly findings of this paper confirmed that compared to the other observed tourists movements, the highest odds percentage of people come to Indonesia obtained from international tourists who visited Malaysia and Singapore, and as for the international tourists who travel from their home country to visited Malaysia, the odds of them to come to Indonesia appear to be the lowest.
{"title":"Analysis of the Relationships of Indonesian Tourism Demand and Three Favorite International Destinations in South East Asia","authors":"Sita deliyana Firmialy, Deddy P. Koesrindartoto","doi":"10.2139/ssrn.2806563","DOIUrl":"https://doi.org/10.2139/ssrn.2806563","url":null,"abstract":"This paper aim to determine the relationship of tourism growth in Malaysia, Singapore and Thailand to Indonesia. Firstly, the paper performed bivariate and multivariate analysis on each country measured. Secondly, the paper performed a non-parametrical approach to evaluate which combination of tourists movement gave the highest contribution to Indonesia’s tourist arrival. The estimated multivariate model explain the relationship between variables more clearly compared than the other estimated model (R-square > 90%). Malaysia’s and Singapore’s growth in tourists arrival gave effect to the growth in Indonesia, in the long run and short run. However, Thailand’s growth of tourists arrival has only given significant effect to Indonesia’s growth of tourist arrival in the short run. The reverse analysis conducted later on this paper, suggest that Indonesia’s growth in tourists arrival itself gave significant effect to the growth of tourists arrival in Malaysia and Thailand, in the long run and short run as well. However, Indonesia’s growth of tourists arrival only gave an effect toward Singapore in the short run. There’s no evidence of Indonesia’s growth affected Singapore in the long run. Lastly findings of this paper confirmed that compared to the other observed tourists movements, the highest odds percentage of people come to Indonesia obtained from international tourists who visited Malaysia and Singapore, and as for the international tourists who travel from their home country to visited Malaysia, the odds of them to come to Indonesia appear to be the lowest.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"248 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115004599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Using Norwegian registry data, I study intergenerational social mobility in educational attainment and adult earnings among children of immigrants. I find that the degree of intergenerational persistence is slightly weaker among immigrants than in the native population. This indicates higher rates of social mobility among the children of immigrants. Generational progress is also reflected in strongly reduced native-immigrant gaps in completed education and earnings among the immigrant offspring compared to the gaps found in the parental generation. The level of intergenerational catch-up is highest within the national-origin groups characterised by the lowest parental statuses. I also find that children of immigrants achieve higher educational attainment and earnings as adults when compared to children of natives with similar socioeconomic family background and neighbourhood of residence in adolescence. The role of neighbourhood environments appears to be of relatively minor importance for the native-immigrant gaps in socioeconomic attainment. In sum, these results suggest substantial intergenerational convergence in socioeconomic life chances between the children of immigrants and the children of the native born in Norway.
{"title":"Moving Up or Falling Behind? Intergenerational Socioeconomic Progress among Children of Norwegian Immigrants","authors":"A. Hermansen","doi":"10.2139/ssrn.2567211","DOIUrl":"https://doi.org/10.2139/ssrn.2567211","url":null,"abstract":"Using Norwegian registry data, I study intergenerational social mobility in educational attainment and adult earnings among children of immigrants. I find that the degree of intergenerational persistence is slightly weaker among immigrants than in the native population. This indicates higher rates of social mobility among the children of immigrants. Generational progress is also reflected in strongly reduced native-immigrant gaps in completed education and earnings among the immigrant offspring compared to the gaps found in the parental generation. The level of intergenerational catch-up is highest within the national-origin groups characterised by the lowest parental statuses. I also find that children of immigrants achieve higher educational attainment and earnings as adults when compared to children of natives with similar socioeconomic family background and neighbourhood of residence in adolescence. The role of neighbourhood environments appears to be of relatively minor importance for the native-immigrant gaps in socioeconomic attainment. In sum, these results suggest substantial intergenerational convergence in socioeconomic life chances between the children of immigrants and the children of the native born in Norway.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121418622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We propose an analysis for the largest euro-area countries (France, Germany, Italy and Spain), based on the framework developed by Koopman et al. (2014) for tracing value added in a country’s exports by source and use. We integrate their approach by introducing an additional dimension: the domestic-sector origin of value added embodied in exports. While providing an accurate picture of these countries’ participation in global value chains, we estimate the impact on their GDP of a shock to foreign demand and disentangle individual contributions along a geographical dimension in a period running from the introduction of the euro to the beginning of the sovereign debt crisis.
{"title":"How Does Foreign Demand Activate Domestic Value Added? A Comparison Among the Largest Euro-Area Economies","authors":"Rita Cappariello, Alberto Felettigh","doi":"10.2139/ssrn.2598066","DOIUrl":"https://doi.org/10.2139/ssrn.2598066","url":null,"abstract":"We propose an analysis for the largest euro-area countries (France, Germany, Italy and Spain), based on the framework developed by Koopman et al. (2014) for tracing value added in a country’s exports by source and use. We integrate their approach by introducing an additional dimension: the domestic-sector origin of value added embodied in exports. While providing an accurate picture of these countries’ participation in global value chains, we estimate the impact on their GDP of a shock to foreign demand and disentangle individual contributions along a geographical dimension in a period running from the introduction of the euro to the beginning of the sovereign debt crisis.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"299 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131014112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Economic survey 2013-14 published by the government of Jammu and Kashmir (J&K) provides that of the total population of 1.25 Crores, 24.21 Lakh are below the poverty line. This includes even those people who are financially excluded. Government of India in the year 2010 made it mandatory for banks to bring the unbanked and the under-banked section of the society under the fold of a bank to make them financially ‘included’. In J & K, the responsibility of the same was given to the Jammu and Kashmir bank Ltd. It initiated the process of financial inclusion by putting business correspondents which they call as Khidmat Centres in place. As per annual report of the bank (2013-14), 697 Khidmat Centres are operational in J & K, covering 2,572 villages and 12.18 lakh accounts have been opened. This case study aims to demonstrate the role these Khidmat Centres are playing in the financial inclusion plan of the bank. It further does a reality check based on a primary survey. Analysis reveals that the services and products on offer, have not yet been completely provided to the concerned people. This plan has still a long way to go to prove to be successful in bringing the unbanked and the under-banked under the fold of the bank.
{"title":"Inclusive Growth Through Village Level Entrepreneurs: A Case Study of Khidmat Centres in Jammu and Kashmir","authors":"Saif Siddiqui, Sumaira Jan","doi":"10.2139/SSRN.2583575","DOIUrl":"https://doi.org/10.2139/SSRN.2583575","url":null,"abstract":"Economic survey 2013-14 published by the government of Jammu and Kashmir (J&K) provides that of the total population of 1.25 Crores, 24.21 Lakh are below the poverty line. This includes even those people who are financially excluded. Government of India in the year 2010 made it mandatory for banks to bring the unbanked and the under-banked section of the society under the fold of a bank to make them financially ‘included’. In J & K, the responsibility of the same was given to the Jammu and Kashmir bank Ltd. It initiated the process of financial inclusion by putting business correspondents which they call as Khidmat Centres in place. As per annual report of the bank (2013-14), 697 Khidmat Centres are operational in J & K, covering 2,572 villages and 12.18 lakh accounts have been opened. This case study aims to demonstrate the role these Khidmat Centres are playing in the financial inclusion plan of the bank. It further does a reality check based on a primary survey. Analysis reveals that the services and products on offer, have not yet been completely provided to the concerned people. This plan has still a long way to go to prove to be successful in bringing the unbanked and the under-banked under the fold of the bank.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114601784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This document is a supplement to a study by the RAND Corporation for Vermont. It represents the views of the author alone, and not of RAND or of the study's other co-authors.It looks at several issues associated with marijuana revenue. First, who might get a break on marijuana taxes? Possibilities include medical card holders, home growers, buyers of favored products, growers that use natural sunlight, and small or large businesses. Second, how much tax can the marijuana market eventually bear? Third, who pays marijuana taxes – (what is the collection point?) – for three possible tax bases, weight, price, and THC potency? Fourth, what other issues might loom?
{"title":"Supplemental Thoughts About Revenue from Marijuana in Vermont","authors":"Pat Oglesby","doi":"10.2139/SSRN.2551029","DOIUrl":"https://doi.org/10.2139/SSRN.2551029","url":null,"abstract":"This document is a supplement to a study by the RAND Corporation for Vermont. It represents the views of the author alone, and not of RAND or of the study's other co-authors.It looks at several issues associated with marijuana revenue. First, who might get a break on marijuana taxes? Possibilities include medical card holders, home growers, buyers of favored products, growers that use natural sunlight, and small or large businesses. Second, how much tax can the marijuana market eventually bear? Third, who pays marijuana taxes – (what is the collection point?) – for three possible tax bases, weight, price, and THC potency? Fourth, what other issues might loom?","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"362 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121008077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Dragana R. Petković, Jadranka Djurovic Todorovic, Ljiljana Prole
English Abstract: This paper analyses the fluctuation of interest on the public debt, as one of the oldest kinds of transfers which is closely related to the indebtedness of the state. The analysis of the expenditure dynamics for interest on public debt covers the period between 2003 and 2013. The goal of this research is to point out the efficiency of the activity of the economic policy within the analyzed period based on the relative changes in the transfer volume and the structure of the interest repayment, as well as to make certain projections for the future. Based on the analysis conducted, it was concluded that the fall of economic activity in 2009 had a significant effect on debt, which caused a drastic increase of the interest repayment transfers in the following years. Serbian Abstract: У овом раду се анализира кретање камата на јавни дуг, као једне од најстаријих врста трансфера која је уско повезана са задуживањем државе. Анализа динамике расхода за камате на јавни дуг покрива период од 2003. године до 2013. године. Циљ истраживања у овом раду јесте да се на основу релативних промена, како у обиму трансфера на име отплате камата, тако и у њиховој структуру, али и пројекција за будући период, укаже на ефикасност активности економске политике у анализираном периоду. На основу спроведених анализа закључено је да је пад економске активности у 2009. години имао значајног ефекта на задуживање, што је условило драстично повећање трансфера на име отплате камата у годинама које следе.
{"title":"The Dynamycs of the Volume and Structure of Interest on the Public Debt of the Republic of Serbia (Динамика Обима и Структуре Камата На Јавни Дуг Републике Србије)","authors":"Dragana R. Petković, Jadranka Djurovic Todorovic, Ljiljana Prole","doi":"10.2139/ssrn.2561826","DOIUrl":"https://doi.org/10.2139/ssrn.2561826","url":null,"abstract":"English Abstract: This paper analyses the fluctuation of interest on the public debt, as one of the oldest kinds of transfers which is closely related to the indebtedness of the state. The analysis of the expenditure dynamics for interest on public debt covers the period between 2003 and 2013. The goal of this research is to point out the efficiency of the activity of the economic policy within the analyzed period based on the relative changes in the transfer volume and the structure of the interest repayment, as well as to make certain projections for the future. Based on the analysis conducted, it was concluded that the fall of economic activity in 2009 had a significant effect on debt, which caused a drastic increase of the interest repayment transfers in the following years. Serbian Abstract: У овом раду се анализира кретање камата на јавни дуг, као једне од најстаријих врста трансфера која је уско повезана са задуживањем државе. Анализа динамике расхода за камате на јавни дуг покрива период од 2003. године до 2013. године. Циљ истраживања у овом раду јесте да се на основу релативних промена, како у обиму трансфера на име отплате камата, тако и у њиховој структуру, али и пројекција за будући период, укаже на ефикасност активности економске политике у анализираном периоду. На основу спроведених анализа закључено је да је пад економске активности у 2009. години имао значајног ефекта на задуживање, што је условило драстично повећање трансфера на име отплате камата у годинама које следе.","PeriodicalId":169556,"journal":{"name":"Culture Area Studies eJournal","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123100023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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