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In the 19th century, John Stuart Mill argued that economics could not be an inductive science because it lacks that which is the essence of inductive science, viz. the experiment. Since there is no experiment, economic claims cannot be established inductively but must instead be justified deductively on the basis of antecedently accepted theoretical claims about human behaviour.

The term “dynamics of interventionism” refers to a social process, i.e., a sequence of adjustments to change over time, among a great many individuals, who largely share a common set of rules of interaction.¹ It is constituted by the unintended consequences at the interface between the governmental and market processes, when the scope of government is either expanding or contracting in relation to the market. Interventionism is the doctrine or system based on the limited use of political means (i.e., legitimized violent aggression (Oppenheimer, 1975[1914])) to address problems identified with laissez-faire capitalism. Thus, an intervention refers to the use of, or the threat of using, political means to influence non-violent actions and exchanges. Supporters of interventionism do not completely reject the institutions of capitalism, such as private property and the price system, but do favor using piecemeal interventions that extend beyond so-called minimal-state capitalism² in order to combat suspected failures or abuses they associate with the unhampered market. Examples of this would include, but are not limited to, market power, externality, asymmetric information, income inequality, racial and sexual discrimination, and the business cycle.

The purpose of this paper is to report on a search of criminology and related databases to identify fraud prevention intervention projects that showed promising achievements in reducing offences.

A keyword search of Criminal Justice Abstracts was supplemented by searches of related databases and case study repositories – conducted up to 31 May 2019. The paper includes some attention to indicators of “what doesn’t work” as well as “what might work” or “what should work”. Selection criteria were open about evidence, rather than exclusively applying strict scientific standards.

Overall, the literature is marked by inferences regarding what should work, based on diagnostics about opportunity factors in fraud and victim characteristics. In terms of evaluated intervention projects, only two were identified that met best practice scientific standards. However, a further 17 projects were included where there was some evidence of a likely benefit.

Available evaluations of intervention projects are predominantly within-in group studies. Pre- and post-intervention time frames are often short, limited to one year or less; with only one follow-up study.

The findings demonstrate the need for applied experiments to build knowledge about effective fraud reduction strategies. The main lesson from the content of the 19 projects concerns the value of a situational crime prevention framework for designing and testing interventions, especially through enhancing rule setting, reducing anonymity, extending guardianship and formal surveillance, and facilitating compliance.

This appears to be the first systematic literature review of applied counter-fraud intervention projects.

This paper aims to examine the financial statement impact resulting from the tax depreciation on buildings that was reinstated on 25 March 2020 as part of the New Zealand Government’s coronavirus (COVID-19) tax support package. The COVID-19 pandemic and the tax relief created an accounting response to map the environment to accounting reports, reversing previously recognized deferred tax liabilities and increasing reported income as a result.

This is an exploratory and descriptive study to understand the accounting response and impact on companies’ financial statements following a COVID-19 tax relief to support businesses in a dire financial situation as the effects of COVID-19 took hold.

First, the accounting response provided the appropriate mapping from the COVID-19 environment to accounting reports. Second, the financial statement impacts are material, especially for companies with extensive holdings of buildings that are held for use. Third, while the accounting relief was immediate, the economic (cash flow) support does not occur until a year later.

The financial statement impacts are based on a subset of NZX 50 companies with the available information at the time of writing. However, they do not compromise the external validity of the findings because the tax depreciation relief applies to other listed companies, unlisted public and private companies, trust, partnerships and individuals.

The New Zealand Government could have been more helpful to businesses by allowing an immediate depreciation deduction in the 2020 year as opposed to implementing it from 2021. Further, it could have legislated a backlog depreciation deduction from 2010 – when the depreciation on buildings was disallowed – to 2020.

This paper documents the evolution of the accounting for deferred taxes when the New Zealand Government withdrew the tax depreciation in 2010, how NZ IAS 12 evolved as a result of that event and now the reversal effect with the reinstatement of the tax depreciation during COVID-19. The paper also blends in the accounting responses and considers whether they are opportunistic or efficient.

This study aims to investigate which messaging strategies employed in personalised newsletters could be used for improving the propensity of individuals to save or invest and secure their financial well-being.

The authors conducted a field experiment with 4,782 clients at an Estonian retail bank. For three months (after measuring baseline levels for a month), the participants received personalised monthly newsletters with either a praising or a scolding message based on comparing their recent investment decisions to their past decisions.

Their results suggest that newsletters could serve as an encouragement for those who already invest significant amounts each month and a reminder for those who have stopped regular investing for a month. The newsletters robustly increased investments in securities accounts for these groups.

The authors contribute to the marketing literature by examining praise and scolding messaging strategies within the same channel and company, focussing on the individual's past behaviour. They raise several hypotheses to be tested in future randomised controlled trials (RCTs).

The authors’ results show the importance of investor behaviour analysis as the effectiveness of the newsletter intervention largely depended on the type of customer it was served to. This highlights the importance of personalisation.

The results show that a given message tends to influence only specific groups of investors. Identifying these groups is valuable information for messaging strategies.

The purpose of this paper is to present the perception of the textile industry stakeholders (manufacturers, wholesalers, retailers, consumers and tax professionals) on India’s new goods and services tax (GST) system and find whether the introduction of GST has made doing business easier or not.

The researchers used interviews and surveys to capture the perceptions of the textile industry stakeholders at Surat, a major textile hub in India. To econometrically verify the perceptions, the researchers used a logit regression model.

The researchers found that the provision of monthly tax filing has increased textile businesses’ dependency on tax professionals, which increased business costs. Also, the GST system has made tax compliance easier and is user-friendly. However, tax refund-related issues are a significant factor that negatively impacts the ease of doing business post-GST.

The findings of the research shall be helpful for the GST Council of India and policymakers to understand the problems faced by the textile businesses and cater to their problems.

To the best of the authors’ knowledge, this study is original as none of the available studies captures the perception of all the textile industry stakeholders, namely, manufacturers, wholesalers, retailers, consumers and tax professionals, on the GST system applying econometric techniques to validate the perceptions.

The purpose of this study is to examine the effects of government regulation on economic value creation through the lens of Resource-Advantage Theory. This study intends to shed more light on how industry-government relationships affect the entrepreneurial activities that drive economic growth.

The authors use a test of joint significance (MacKinnon et al., 2002) in a generalized linear model to examine how competition mediates the relationship between government regulation and jobs and wages. The research context is the US brewing industry for the year 2012.

High excise taxes and certain sales restrictions negatively impact competition, which ultimately affects economic value creation. State regulators may effectively balance the need to bring in tax revenues on the one hand and promote healthy competition on the other by turning to small business tax credits and exemptions. The results of a post hoc analysis indicate excise taxes have the most pronounced effect at the manufacturing level of the supply chain as opposed to the wholesale and retail levels.

The predictive validity of this study suggests that Resource-Advantage Theory is a useful and appropriate framework for understanding how industry–government relations impact the competitive processes that lead to economic value creation. From a practical standpoint, the study also has several implications for public policy, which are detailed in the latter stages of the paper.

The purpose of this study is to find the relationships among the high- and new-technology enterprise (HNTE) identification policy, firm’s total factor productivity (TFP) and the marketization process by using data obtained from China manufacturing firms.

Propensity matching score – difference-in-difference modeling are used to investigate the relationships among the HNTE identification policy, firm’s TFP and the marketization process. In addition, the complex relations between policy and firm’s TFP, including in the proposed model, are assessed in detail through the mediation analysis.

The results show that the HNTE identification policy can promote firm’s TFP, but its effect depends on the marketization process. The transmission path of HNTE identification policy to promote enterprise productivity lies in the optimization of incentive mechanism, including the improvement of enterprise labor productivity, the reduction of income tax burden and cost and the reduction of financing constraints. In industries and regions with more effective market mechanism, as well as industries with more intense market competition, the productivity promotion effect of the HNTE identification policy is stronger. In industries and regions with low degree of marketization, as well as industries with low degree of market competition, the productivity promotion effect brought by the improvement of incentive mechanism is distorted, which actually inhibit the promotion of enterprises’ TFP.

The study confirms that the HNTE identification policy plays an important role in enhancing the TFP of China’s manufacturing firm. Policy makers can adopt industrial policy in the key industries and technology areas that are meaningful but market failure. Furthermore, it demonstrates that the effect of the HNTE identification policy largely depends on the marketization process. These finding imply that when formulating an industrial policy, the marketization process of the industry and region should be taken into account.

The paper analyzes the relationship among the HNTE identification policy, firm’s TFP and the marketization process. Panel data are used to discuss the mechanism of HNTE identification policy affecting firm’s TFP. The paper also reveals the effect of the marketization process on the effectiveness of the HNTE identification policy.

The purpose of this study is to explain the effect of a tax-free regime of socioeconomics in the social well-being function. This paper carries on the message that has been recognized in the economic theory and by many for a long time now. This is that the incidence of all forms of taxes – direct and indirect taxes – proves to cause inequitable distribution of wealth. The rich still comprises the top 1 per cent of the income earners despite the existence of heavy tax burden. This paper goes beyond this observation and its explanation to make the case that the tax regime also causes distortionary effects in the generalized system of social and economic relations.

In the midst of the generalized system of simulating the well-being function, subject to what is called the circular causation system of the endogenous variables is explained by the critical parameter of the epistemic nature in the unity of knowledge by complementarities between the variables signifying the good choices.

This paper also contrarily establishes and explains the nature of equitable production and distribution of income in society at large. The tax-free regime is explained to generate and sustain balanced inter-causality between the critical variables in the generalized system of equations for simulating the well-being function. Some of the special properties of the evolutionary learning kind of the well-being simulation problem in the tax-free regime are brought out.

Empirical work could follow.

Of special interest are the Arab Middle Eastern countries, most of which do not levy tax on households; with a small rate on businesses.

This paper goes beyond this observation and its explanation to make the case that the tax regime also causes distortionary effects in the generalized system of social and economic relations. Most importantly, the presence of tax regime disturbs the balanced forms of inter-causality between the critical variables of the social and economic type. The social well-being is thus eroded in the midst of a tax regime.

This paper is a rare one of its kind to bring out the question surrounding the tax-free regimes usually practiced in Islamic fiscal theory and today adopted by many Muslim countries in the Middle East.