Dear Noh,
I would like to see a dissertation done on how public money can be used to leverage private funds. In some instances, government have tried co-insurance programs, toll roads, for public/private ventures. These may be surveyed for a start. Then models could be built for deficit countries, and countries embarking on development---developed vs. underdeveloped countries. The US is currently considering an infrastructure bill that will try to attract private funds. You can examine its plan and build on it
You can address the issue of debt sustainability in emerging countries. it is a very important topic and There is no consensus on the concept of sustainability and there are also many ways of measuring.
The reliability of sovereign credit ratings for investors in government securities
The essential thing in a public debt investigation is to establish what is going to be financed with the resources and to propose a method of analysis on the cost-benefit ratio. Often the costs are underestimated and the benefits are overestimated, usually by the entity in charge of financial intermediation.
Do you read Spanish? Tengo un par de textos que pueden ser de utilidad.
1. Mode 3 implementation and Impact
2. Tariff barriers - reciprocity and Impact
3. Impact of the exempted goods [GST refund] prices on the trade deficit
4. Investor penalties and its impact [In form of taxes and penalties]
You may wish to consider specific cases and do a case analysis or multiple cases and its impact depending on your quantitative skills. [Some of them might appear dated but if you add names to them like Harley Davidson, Samsung, Microsoft, Nokia, Vodofone - it migth make sense] in the case of debt, you may wish to create a new ratio on debt to literacy!! All the Best
The current strong decline in economic growth in many countries caused by the SARS-CoV-2 coronavirus pandemic (causing Covid-19 disease) and the anti-crisis socio-economic policy instruments used may generate in the following months or quarters an increase in the risk of destabilizing public finances, a decrease in the country's creditworthiness , problems with rolling the treasury bonds and servicing public debt. Well, the impact of a pandemic on the global economy is very large. Many tourism, hotel, catering, cosmetics, etc. businesses are currently losing most, almost all, or all customers because people are worried about SARS-CoV-2 coronavirus infection causing Covid-19 disease, and this is also associated with various mobility restrictions away from home and with a warrant or recommendation to stay at home as part of preventive quarantine in many countries. As a result, many companies are already recording large declines in sales and profits, limiting employment and / or stopping their business. In connection with these negative aspects of the deepening recession, many current economic data already confirm the thesis that probably now (April - June 2020) in many countries there is already an economic crisis, which may after a few months turn into a debt crisis of the state finance system. Therefore, it is necessary to permanently improve and increase the scale of anti-crisis socio-economic policy planned, developed and implemented both at the level of individual countries as well as within coordinated international activities. In some countries, pro-development, interventionist, anti-crisis programs have already been launched to save business entities from mass bankruptcy by introducing additional temporary tax breaks or exemptions, subsidies to employees' remuneration under fiscal policy. However, the question arises how many months of this type of high budget aid programs can be implemented? To what level can the budget deficit and public debt be increased as part of the implementation of this type of anti-crisis programs helping the economy, enterprises and citizens? To what level can the government allow inflation to rise as a result of this type of economic assistance programs? Can the current economic crisis in many countries turn into a crisis of public finances? If it is possible, what anti-crisis economic reform program should be currently planned and implemented in these countries to avoid a significant increase in the risk of potential loss of liquidity in the state's financial system? In connection with the above, another research question arises: Is it possible to carry out the abovementioned government anti-crisis economy assistance programs for several months as part of limiting the scale of pandemic development through the use of forced home quarantine and forced suspension of economic activity in a significant part of branches and sectors of the economy? paying attention to financial costs, not paying attention to the growing scale of public debt of the public finance system? In addition, in some countries the epidemiological safety instruments used are much less than in other countries where the instruments and standards of anti-pandemic safety are the highest. This significant diversity is associated with a particular selection of key priorities. Well, whether the main priority is to slow down the development of a pandemic, so that there is no crisis in the healthcare sector, or whether the main priority is to maintain economic growth to avoid strong recession, high unemployment, a decline in income and consumption, and the emergence of a recession in the national economy. These questions are still valid in many countries. In my opinion, this is currently an interesting issue for scientific research in the field of public finances.
Greetings,
Dariusz Prokopowicz