Energy Crisis vs. Energy Self-Sufficiency: Optimal Policy with Firms Investment Behavior | Chapter 7 | Current Aspects in Business, Economics and Finance Vol. 4

 After the conflict in Ukraine, choosing the best course of action for ensuring the nation's energy independence from imports can be seen as balancing geopolitics in the larger world. The study demonstrates that nations can achieve energy self-sufficiency if the price of oil is high enough to encourage businesses to switch to alternate energy sources. In order to achieve energy independence in the face of competing markets, scarce resources, and alternative energy sources (oil-saving technology), the research introduces an oil tax (to raise oil prices). The policy instrument outlines the changes the German government will make to gas sources in order to cut back on Russian gas imports. The report also compares various static scenarios in which the regulator acts first (or not) in relation to the firms. There are several possible equilibriums, but only one is socially optimal. The study demonstrates that taxation influences the adoption of various energy-saving technologies, and as a result, the total amount of oil is reduced due to the adoption of alternative sources, which is a requirement for energy self-sufficiency.

Author(s) Details:

Emanuela Giusi Gaeta,
Italian Treasury Department, Ministry of Economic and Finance, Italy.

Please see the link here: https://stm.bookpi.org/CABEF-V4/article/view/8291

The Nexus between Government Expenditure and Taxation Controlled by Government Revenue Composition in Kenya| Chapter 2 | New Innovations in Economics, Business and Management Vol. 6

Fiscal policy is crucial to achieving macroeconomic balance in a county. For example, in Kenya, the increase in the amount of public expenditure and the country's fiscal deficits in relation to the country's Gross Domestic Product has resulted in macroeconomic imbalance and the risk associated with this imbalance (GDP). However, despite the fact that the country's transition has greatly improved its fiscal and tax institutions in recent years, building a legal and institutional underpinning for prudent fiscal policies, such an imbalance exists and is growing. Putting in place fiscal policies that have an impact on government spending and taxation, as well as other variables that have an impact on country activities at the macro level, is critical for affecting a country's economic growth and development. The goal of this research was to determine the relationship between government spending and taxes, as well as the control effect of government revenue composition on the relationship between spending and taxation. From 2002 to 2017, the study used a longitudinal research approach to collect secondary data across a sixteen-year period. Data was examined using descriptive and inferential statistics, with Pearson correlation used to test for association and regression analysis used to test for effects between variables. According to the study, government spending does not have a major impact on taxation. Government expenditure and government revenue composition, on the other hand, were found to have a considerable effect on taxation in Kenya when regulated by government revenue composition. To have a substantial impact on the country's taxation position, the government should execute policies that increase tax revenue compared to overall government revenue, in addition to spending more to increase economic activity that generate tax money for the government.

Author(s) Details:

Angela Mucece Kithinji,
University of Nairobi, School of Business, Kenya.

Please see the link here: https://stm.bookpi.org/NIEBM-V6/article/view/6192