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Number of results: 6
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Abstract

The rapid surge of global oil prices, on account of the pent-up demand after COVID-19 and the Russian-Ukraine war, has significantly contributed to the cost-push inflation as well as twin deficits, predominantly in developing economies. Motivated by the intention to curb the inflation, governments of several oil-dependent economies have rolled out fiscal measures to provide immediate relief to households through subsidizing the fuel component of the consumption basket. This paper provides a case study of Pakistan, wherein the effectiveness of untargeted gasoline and diesel subsidies has been gauged against alternative direct disbursement mechanisms. The analysis reveals that under the price-control based indirect subsidy disbursement mechanism, only 11% of the total domestic subsidies were directed to the poorest 40% of the households, whereas approximately 55% of the total subsidies were allocated to the 20% of the most liquid household segment. The case study analyzes the performance of alternative direct subsidy disbursement mechanisms which transpires into the potential fiscal savings of PKR 74.63 billion, while providing coverage to 40% of the lowest household segment. The study also evaluates the implication of the pass-through of the true prices on the national consumption of gasoline and diesel in the short-term, which reveals the sharp reduction of petroleum consumption in the total bill from 37% to 23%, thereby providing substantial relief to the current account balance. The finding provides key insights for economies to institutionalize the necessary social protection system and progressively transit to the direct subsidy disbursement mechanism while striving to contain the cost-push-based inflation triggered through the rapid movement of global oil prices.
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Authors and Affiliations

Talha Khalid
1
ORCID: ORCID

  1. Policy and Planning, Central Power Purchasing Agency, Pakistan
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Abstract

Mineral deposits are such type of assets, the valuation of which can be carried out in a very diverse manner. Methods and procedures for such a valuation are most often applied to mineral deposits with mineral reserves (according to the CRIRSCO classification), much less frequently and usually only using a comparative approach for undeveloped, initially recognized mineral deposits (with mineral resources).

In Poland, a significant portion of mineral deposits, mainly of energy, metal and chemical minerals, are covered by the so-called mining property of the Treasury. At the moment, there is a lack of consistent and thoughtful management of these deposits. The appropriate methodology for valuing these deposits, which are at various stages of recognition (sometimes also of development), should be one of the key elements of such management. The State Treasury usually disposes of mining rights by “establishing” mining usufruct in the form of a contract, with the determination of remuneration for this establishment. The rules for determining remuneration for the establishment of mining usufruct are determined on the basis of an internal informal document of the Ministry of the Environment with very simplified rules for determining this remuneration, to a very limited extent related to the actual value of the deposit, which is also variable over time. This fee should be in close relation to the value of the mineral deposit valued at a given moment, taking the current conditions, including technological, environmental, formal and legal, and – in particular – market conditions into account. The valuation of mineral deposits covered by mining property, except for current needs in determining the basis for remuneration for mining usufruct establishing, should also be used to determine the value of these deposits annually as part of the State Treasury property and to present its results as part of the State Treasury Property Status Report.

It is an open matter whether the methodology of valuation of the discussed mineral deposits should be based on accepted and widely used solutions for the valuation of mineral deposits for the purposes of business transactions or based on methodology of valuation of deposits as part of the planned system of Integrated Environmental and Economic National Account (up to date poorly developed). The paper presents the most important elements of both methodological approaches. It seems that the use of selected elements of each of these approaches would be advisable in this case.

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Authors and Affiliations

Krzysztof Galos
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Abstract

The issues discussed in the study mainly relate to the costs presented by the structure of positions. This study, on the example of the KGHM Polska Miedź SA mining company (three mining plants), examines the position and cost calculation structure relating to technological works, cost settlement and receivables between branches and mining plants. Cost comparisons were also carried out from the perspective of the organizational structure. The cost centers, registration and settlement of costs in the accounting records, i.e. SAPR3 were highlighted. In the course of the examination, a comparative analysis was carried out aimed at determination of common features and differences between the cost of technological works by their function in the technical cost of manufacturing. As a result of the analysis, it was determined that in the years 2000–2017, the cost structure based on the position function underwent changes. The changes occurred as a result of organizational and technical and geological and mining conditions. The cost analysis allows to identify the directions of specialization of the entity in the future. The basic operating activity of the mines concentrates on extraction. Due to copper extraction in the concession areas, the analysis was to evaluate the costs incurred in the KGHM Polska Miedź SA mining plants.

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Authors and Affiliations

Anna Bajus
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Abstract

A wide variety of soil and climatic conditions requires extensive study of the characteristics of the use of fertilizers and chemical plant protection products, which sometimes negatively affects the environment. Therefore, there is a need not only to know the ways and amount of application of fertilizers and chemical protectors but also to have a clear idea of the processes occurring in the soil, plants, ecology of the production environment and the rural population. This knowledge will allow us to carefully approach the practical issues of chemicalizing the crop industry and prevent possible negative consequences. To study the integrated interdisciplinary object of management accounting related to the assessment of the reproduction of agri-cultural land fertility, the functions and complex interaction of IT management, and analysis of specific situations of the impact of costs on fertilizers and chemical plant protection products on the gross crop production in the Kuban economic entities were applied. The study found that modern science has formulated the main theoretical aspects of the economic and environmental efficiency of the use of mineral fertilizers and chemical plant protection products in agriculture. Noting the significant achievements of scientists and practitioners in this field of agricultural development, we believe that the use of digital technologies for assessing the quality of soil fertility, methods and methods of using chemical agents can qualitatively improve information on the costs of their use, and determine the most rational and environmentally friendly areas. The studied experience in the application of methods indicates a fairly high accuracy in assessing the quality of soil fertility. Moreover, the results make it possible to change the associated types of managerial work, such as the planning of the procurement of fertilizers and plant protection products, precisely determine their types, and coordinate the place and time of their use.
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Authors and Affiliations

Zhanna V. Degaltseva
1
ORCID: ORCID
Victor V. Govdya
1
ORCID: ORCID
Konstantin A. Velichko
1
ORCID: ORCID

  1. Kuban State Agrarian University after I. T. Trubilin, Department of Accounting Krasnodar, st. Kalinina, 13, 350044, Russia
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Abstract

This article examines the process of opening datasets accumulated by public institutions, and its impact on the rise of new types of journalism, in particular data journalism.

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Authors and Affiliations

Bogdan Fischer
ORCID: ORCID
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Abstract

In March 2022, the European Commission presented its long-awaited legislative proposal on the EU-wide human rights and environmental due diligence (HREDD) for business. This article argues that the proposed Directive fails to be an effective and innovative legislation in three respects. Firstly, it does not draw lessons from the shortcomings of the to-date regulatory policy relating to business and human rights. It mainly consolidates at the EU level the status quo of extant due diligence legislation in Europe. Secondly, the proposal falls short of the established international standards and its own objectives insofar as it fails to establish instruments for effectively preventing and remedying human rights and environmental harm. Thirdly, the proposal’s normative preference for process- (rather than result-) oriented HREDD risks reducing it to yet another compliance instrument. Beside amending these shortcomings, to achieve a breakthrough, the upcoming legislation should in any case define HREDD as the legal standard of care; the compliance with which does not per se exclude civil liability. The general negotiation approach of the Council is not proposing much improvement in that regard. The stakes for the European Parliament’s possible role to raise the bar are thus very high.
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Authors and Affiliations

Izabela Jędrzejowska-Schiffauer
1
ORCID: ORCID
Łukasz Szoszkiewicz
1
ORCID: ORCID
Joseph Wilde-Ramsing
2
Katharine Booth
3
ORCID: ORCID
Pauline Barraud de Lagerie
4
ORCID: ORCID
Beata Faracik
5
ORCID: ORCID

  1. Faculty of Law and Administration, Adam Mickiewicz University
  2. Centre for Research on Multinational Enterprises (SOMO) in Amsterdam
  3. Centre for Research on Multinational Enterprises (SOMO) and Researcher/Policy Advisor at OECD Watch in Amsterdam
  4. PSL University
  5. BHR expert, Co-founder and President of the board of the Polish Institute of Human Rights and Business

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