Evaluation of Door-to-Door Tax Enforcement Strategy in Indonesia
世界银行· 2024-09-10 23:03
Policy Research Working Paper 10901 Public Disclosure Authorized Public Disclosure Authorized Evaluation of Door-to-Door Tax Enforcement Strategy in Indonesia Paulo Antonacci Muhammad Khudadad Chattha Governance Global Practice September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10901 Abstract This paper presents an evaluation of a tax enforcement program conducted in Indonesia where officials from the tax authority visited properties to engage directly wit ...
Export-Led Industrial Policy for Developing Countries
世界银行· 2024-09-10 23:03
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10902 Export-Led Industrial Policy for Developing Countries Is There a Way to Pick Winners? Tristan Reed Development Economics Development Research Group September 2024 Public Disclosure Authorized Policy Research Working Paper 10902 Abstract Industrial policy prioritizes growth in specific sectors. Yet there is little agreement about how to target sectors in practice, and many argue that gov ...
Assessing Climate Change Risks in Fragile and Conflict-Affected Situations - Insights and Recommendations from a Global Analysis
世界银行· 2024-09-10 23:03
Public Disclosure Authorized Assessing Climate Change Risks in Fragile and Conflict-Affected Situations Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized INSIGHTS AND RECOMMENDATIONS FROM A GLOBAL ANALYSIS ) WORLD BANK GROUP SCALING-UP CLIMATE RESILIENCE INVESTMENT IN FCV 2 ASSESSING CLIMATE CHANGE RISKS IN FRAGILE AND CONFLICTAFFECTED SITUATIONS Insights and Recommendations from a Global Analysis Caio de Araújo Barbosa Shaadee Ahmadnia © 2024 International Bank for Reco ...
The Economic Impacts of the Syrian Refugee Migration on Jordan
世界银行· 2024-09-10 23:03
Policy Research Working Paper 10903 Public Disclosure Authorized Public Disclosure Authorized The Economic Impacts of the Syrian Refugee Migration on Jordan An Integration Perspective Juan Segnana Gladys Lopez-Acevedo Raymond Robertson Jaime Alfonso Roche Rodriguez Poverty and Equity Global Practice September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10903 Abstract The Syrian Civil War in 2011 led to a substantial influx of refugees into Jordan, with more t ...
ACEA releases state-of-the-art recommendations for vehicle automation
ACEA· 2024-09-10 04:58
Industry Investment Rating - The report does not explicitly mention an investment rating for the industry [1][2][3] Core Viewpoints - The European automotive industry is making steady progress in developing automated vehicles, with significant investments yielding results [3] - Automation in mobility is expected to bring tangible benefits to European society, including lower transport costs, reduced environmental impact, improved working conditions, and better-served transport needs [3] - Supporting R&D in automation will enable European firms to remain competitive in the future of transport and encourage high-quality connectivity [3] - The roadmap aims to help European policymakers and stakeholders navigate the transition to automated mobility [3] Levels of Automated Driving - Assisted driving includes basic systems that recommend actions to drivers or provide additional sensory perception (e g blind spot detection) [3] - Advanced active safety systems intervene automatically, faster, and more reliably than humans (e g automated emergency braking systems) [3] - Automated driving technology can perform all dynamic driving tasks in specific scenarios (e g autopilot function for motorways) [3] - Autonomous driving aims to enable the vehicle to handle the full driving experience without human input [3] Uses of Automated Driving Technology - Highly automated heavy trucks can carry freight over medium and long distances, optimizing routing and scheduling for efficiency [5] - Commercial vehicles in confined areas (e g harbours, airports) allow for earlier adoption of self-driving technology due to controlled environments [5] - Automated last-mile delivery can alleviate strain on road networks and businesses caused by increased online shopping demand [5] - Automated passenger services can provide crucial mobility services, especially for people with disabilities and the elderly [5] - Automated valet parking systems save time, enhance safety, reduce energy consumption, and optimize parking space usage [6] - Private vehicles on highways are evolving from assisted driving to full automation, with each development stage lasting around a decade [6] - Hub-to-hub freight transport can operate on request around the clock, reducing wasteful trips and improving traffic flow [7] Benefits of Automated Mobility - Innovation capabilities: Cutting-edge research and engineering create and retain know-how in Europe, attracting a highly skilled workforce [10] - Competitiveness: Automated mobility allows Europe to leverage public-private cooperation and balance intelligent infrastructure with intelligent vehicles [11] - Workforce and skills: Automation can address the shortage of commercial vehicle drivers and improve working conditions [12] - Sustainability: Optimal vehicle usage leads to less congestion, lower speeds, and more efficient transport operations [13] - Road safety and comfort: Automated systems reduce human error, react faster, and remain vigilant, enhancing safety and comfort [14] - Accessibility and inclusion: Automation provides new mobility solutions for those with reduced mobility, improving access to healthcare and work [15] Recommendations for Deploying Automated Vehicles - Foster R&D in automated driving technologies and standards [17] - Simplify national and cross-border pre-deployment testing of automated systems on open roads across the EU [17] - Upgrade, adapt, and harmonise digital infrastructure for automated driving [18] - Establish European minimum standards for high-quality physical road infrastructure [18] - Update and harmonise road traffic rules to allow for high-level automation [18] - Cooperate with the industry on guidelines for remote vehicle supervision [18] - Grant access to public traffic data [18] - Update Europe's type-approval scheme to remove restrictions on automated vehicle registrations [19] - Expand the number of automated vehicle applications allowed in Europe [19] - Support the adoption and harmonisation of national operation, licensing, and traffic regulation [19] - Foster harmonisation of legislation on a global scale [19] - Create a European funding scheme for automated passenger and freight services [19] - Inform and establish a dialogue with the general public and future drivers and passengers of automated vehicles [20] - Adapt labour regulations for commercial vehicle drivers and operators [20] Roadmap - Commercial operation for each use case will start within the indicated time range (2022-2030) [21][22]
Morgan Stanley-China Banks 2Q24 Wrap Earnings remained largely stable, bu...-110098773
摩根士丹利· 2024-09-10 02:55
August 30, 2024 08:41 PM GMT cover, CCB bucked the trend, showing improvement in overdue and SML loans. M Update | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...
China Macro 10 Charts on China’s fiscal challenges-110061384
德意志银行· 2024-09-10 02:55
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - China's fiscal sector is experiencing both near-term and long-term challenges, with slower public sector activity negatively impacting economic growth [2] - The government has maintained an expansionary fiscal stance, with a deficit around 7% of GDP, but local fiscal spending has contracted due to declining tax and land sales revenue [2][7] - A budget revision is deemed necessary, as fiscal spending may drop by an additional -2.5% YoY without policy changes, while an increase in the deficit could allow for a 3% YoY increase in spending [2][25] Summary by Sections Fiscal Challenges - The revenue-to-GDP ratio in China has declined by almost 10% over the past decade, now at approximately 22% of GDP, significantly lower than G7 (36%) and OECD (39%) averages [15] - The public sector's growth was only 3.4% in H1 2024, the second lowest among all sectors, indicating a slowdown in public sector activity [5] - Fiscal revenue dropped by -5% YoY in the first seven months of 2024, attributed mainly to an -18% YoY decline in land sales and a -5% YoY decline in major taxes like VAT and corporate income tax [10][13] Long-term Strategies - Broadening the tax base on high-end consumption is suggested as a practical approach to reverse the downward trend in fiscal revenue [3] - Local government financing has become increasingly reliant on borrowing or central government transfers, highlighting the need for reforms to boost local revenues [20] - The government's plan to increase revenue through consumption tax is seen as prudent, with current consumption tax revenue at 1.3% of GDP, below the OECD average of 2.9% [27]
Morgan Stanley-Asia Quantitative Strategy Positions of Active Long-only Ma...-110016592
摩根士丹利· 2024-09-10 02:50
M Update Asia Quantitative Strategy | Asia Pacific August 26, 2024 12:09 PM GMT Positions of Active Long-only Managers in Asia/EM Our August 2024 positioning guide shows Semis remained the most crowded industry group, although active weights were trimmed to +3.0% with Financials and Brazil were most bought. India has now overtaken China as the largest market in active portfolios. Active GEM funds saw US$2.2bn in redemptions Key Takeaways US$2.2bn outflow from active GEM funds but US$254m inflow into GEM pas ...
Asia Week Ahead What you need to know 2 - 6 Sept-110128158
德意志银行· 2024-09-10 02:50
Deutsche Bank Research 7T2se3r0Ot6kwoPa Asia Economics Asia Week Ahead Date 2 September 2024 What you need to know: 2 - 6 Sept | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------| | | Juliana Lee | | Week ahead | Chief Economist | | We expect BNM to remain on the sidelines as growth surprised to the upside, and | +65-6423-5203 | | inflation is likel ...
JPMorgan-US Equity Financing and AIR TRF Monitor Aug 27, 2024-110038121
摩根大通· 2024-09-10 02:50
J P M O R G A N Global Quantitative & Derivatives Strategy 27 August 2024 US Equity Financing and AIR TRF Monitor Aug 27, 2024 • Short-dated implied financing rates increased on the S&P 500, Nasdaq 100, and Russell 2000 w/w, leading to a flattening of the funding term structure. • Pricing on the S&P 500 AIR TRFs increased 1 bp on the Sep'24 contract, 4 bps on the Dec'24 contract, 3 bps on the Mar'25 contract, and were little changed across the rest of the curve w/w. • Volumes on S&P 500 AIR TRFs totaled ~$8 ...