The bias against mangrove areas in siting fish farms prompted a comparison of the cost structure and yield performance in upland and mangrove locations. Tools utilized included descriptive statistics, budgetary and cash flow analyses and profitability ratios. Empirical results revealed that substantial revenue could be realized from both farms. While the upland farms yielded average gross reven...

Budgeting and budgetary control entail the establishment of goals by management an organization designing a process that serves as framework within which effectively articulates overall planned activities. The quantification these activities in financial terms is known budgeting, while effective mechanism to guarantee desired results control. This study, therefore, sought undertake systematic r...

The Institute of Public Finance deals with economic research and analysis related to various forms of public finances such as the budget, taxation and customs duties. Its orientation is thus to the various economic, legal and institutional topics that are important for the sound long-term economic development of the Republic of Croatia. So that the public should be able to have a better insight...

We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes up an (unanticipated) temporary tax cut to be effective on a given future date—a delayed “debt bomb.” The sudden prospect of this future-dated shock causes at once a drop in the (unit) value placed ...

Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We focus on budgetary institutions that determine the rules governing feasible allocations to mandatory and discretionary spending pro...

This paper reports on a study of the way that people make decisions about the allocation of income between categories of expenditure, such as food, rent and leisure. The most common (economic) approach to formalising budgetary decision processes is deductive: a theory is proposed and its implications are then explored. However, it is also possible to develop formal models inductively and this i...