Role of sustainable development in Bilateral Investment Treaties : Recent trends and developments

NARCIS (Netherlands)

Levashova, Y.

2012-01-01

In the last decade, international investment law has undergone an explosive growth, which is characterized by the proliferation of Bilateral Investment Treaties (BITs) and a growing number of investment-treaty arbitrations. The effect of BITs on developing countries (host states) can be

Role of sustainable development in Bilateral Investment Treaties : Recent trends and developments

NARCIS (Netherlands)

Levashova, Y.

2011-01-01

In the last decade, international investment law has undergone an explosive growth, which is characterized by the proliferation of Bilateral Investment Treaties (BITs) and a growing number of investment-treaty arbitrations. The effect of BITs on developing countries (host states) can be

Condition to be fulfill for nuclear energetics to be competitive on the base of 16. Congress WEC in Tokyo, Seminar NG NPP'96 in Warsaw and Conference ENS TOPNUX'96 in Paris

International Nuclear Information System (INIS)

Marecki, J.

1997-01-01

The state and developing trends of nuclear energetics have been presented for the period 1970-1990. The economical analysis taking into account actual prices and predicted for near future has been done. The investment and exploitation costs have been discussed and compared with classic methods of energy generation. It has been concluded that nuclear energetics will be one of the most promising options for future development of world energetics when all aspects (economic, technical, ecological) of the problem have been taken into consideration

Foreign investment multinational companies and economic development

Directory of Open Access Journals (Sweden)

Popov Đorđe

2013-01-01

Full Text Available There is no universal answer on the question whether foreign investments stimulate economic development. The positive effect of foreign direct investments will follow when the investments is carried out under normal conditions of competition. That means, above all, low barriers for foreign trade and the low level of restrictions for foreign owned companies. In such circumstances, multinational corporations can assist the economies of penetration to make its businesses more efficient. Foreign investors bring with them brand new types of economic activities and in that way shifting the limits of business opportunities in the countries of penetration. But if the investments are implemented in markets protected with protectionist barriers of various kinds, then they could have negative effects. The negative effects are in particularly reflected in the inefficient use of domestic resources. Foreign investments depend on the macro and micro institutional reforms, low inflation, real exchange rate, and reasonably efficient legal system that protects the property rights and encourages savings and investment. The low level of corruption, together with the foregoing conditions is a prerequisite for the creation of a stimulating environment for foreign investments.

Actual economic and energetics problems of Baltic countries

International Nuclear Information System (INIS)

Kapala, J.; Miskins, V.; Rudi, U.; Caikovska, M.; Zeltins, N.

1999-01-01

The paper characterises the economic development of the Baltic countries after they have restored the independence. The authors explore the dynamic of the key economic indices - the GDP and inflation level, and show that there are tendencies for the economy to improve. The data on the direct foreign investments per capita are given for each Baltic country as well as on the greatest foreign firms - investors functioning in Latvia and the investment allocation among the sectors. The State Investment Programme realised in Latvia since 1996 is well illustrated, and the share is shown of the sectors involved. The authors briefly discuss legislative activities in the energy sector for Latvia, Lithuania and Estonia, and present statistical data on the energy supply in Baltic countries. The energy production and import/export balance is analysed, and the tariffs for electricity are exemplified for all the three countries. The information is also given as to the number of energy debtors and the distributors of the debts for consumed energy among separate branches of energetics in Latvia and Lithuania. The data presented in the paper show that due to decrease in energy resource consumption the harmful pollution have also diminished. (author)

Investment in electricity for development. Chapter 5

International Nuclear Information System (INIS)

2007-01-01

In this short chapter, we discuss first the role of reliable and affordable electricity in underpinning economic development and in enabling the achievement of the MDGs in health and education. We then review some estimates of investment requirements for energy needs in sub Saharan Africa. In the next section we discuss briefly how financing sources for investment in the sector in sub-Saharan Africa are constrained. In the main and final section we list priority policies, which, if implemented, can help overcome these constraints so that increased amounts of investment begin to flow into the sector, resulting in the desired improvement in electricity services

Comparative support for the expensive tissue hypothesis: Big brains are correlated with smaller gut and greater parental investment in Lake Tanganyika cichlids.

Science.gov (United States)

Tsuboi, Masahito; Husby, Arild; Kotrschal, Alexander; Hayward, Alexander; Buechel, Séverine D; Zidar, Josefina; Løvlie, Hanne; Kolm, Niclas

2015-01-01

The brain is one of the most energetically expensive organs in the vertebrate body. Consequently, the energetic requirements of encephalization are suggested to impose considerable constraints on brain size evolution. Three main hypotheses concerning how energetic constraints might affect brain evolution predict covariation between brain investment and (1) investment into other costly tissues, (2) overall metabolic rate, and (3) reproductive investment. To date, these hypotheses have mainly been tested in homeothermic animals and the existing data are inconclusive. However, there are good reasons to believe that energetic limitations might play a role in large-scale patterns of brain size evolution also in ectothermic vertebrates. Here, we test these hypotheses in a group of ectothermic vertebrates, the Lake Tanganyika cichlid fishes. After controlling for the effect of shared ancestry and confounding ecological variables, we find a negative association between brain size and gut size. Furthermore, we find that the evolution of a larger brain is accompanied by increased reproductive investment into egg size and parental care. Our results indicate that the energetic costs of encephalization may be an important general factor involved in the evolution of brain size also in ectothermic vertebrates. © 2014 The Author(s). Evolution © 2014 The Society for the Study of Evolution.

Energetic Physiology Mediates Individual Optimization of Breeding Phenology in a Migratory Arctic Seabird.

Science.gov (United States)

Hennin, Holly L; Bêty, Jöel; Legagneux, Pierre; Gilchrist, H Grant; Williams, Tony D; Love, Oliver P

2016-10-01

The influence of variation in individual state on key reproductive decisions impacting fitness is well appreciated in evolutionary ecology. Rowe et al. (1994) developed a condition-dependent individual optimization model predicting that three key factors impact the ability of migratory female birds to individually optimize breeding phenology to maximize fitness in seasonal environments: arrival condition, arrival date, and ability to gain in condition on the breeding grounds. While empirical studies have confirmed that greater arrival body mass and earlier arrival dates result in earlier laying, no study has assessed whether individual variation in energetic management of condition gain effects this key fitness-related decision. Using an 8-year data set from over 350 prebreeding female Arctic common eiders (Somateria mollissima), we tested this component of the model by examining whether individual variation in two physiological traits influencing energetic management (plasma triglycerides: physiological fattening rate; baseline corticosterone: energetic demand) predicted individual variation in breeding phenology after controlling for arrival date and body mass. As predicted by the optimization model, individuals with higher fattening rates and lower energetic demand had the earliest breeding phenology (shortest delays between arrival and laying; earliest laying dates). Our results are the first to empirically determine that individual flexibility in prebreeding energetic management influences key fitness-related reproductive decisions, suggesting that individuals have the capacity to optimally manage reproductive investment.

Sharia Bank Product Development through Mudhrabah Investment

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Trimulato Trimulato

2016-12-01

Full Text Available Sharia banking now has a strong legal framework with the presence of law number 21 of 2008 on sharia banking in Indonesia. This regulation enforces sharia banking to develop products to achieve the targeted market share of 5%. In third-party fund products, more innovation is needed to attract people to entrust their funds in sharia banks. The visible data of mudharabah fund raising deposit products in March 2013 amounted to Rp100.746.000.000 and Rp115.728.000.000 in mudharabah deposits was visible on April 2014, which is an increase of less than 2% each month. This research uses a qualitative descriptive methodology, and is focused on fund raising products in shari'ah banking, particularly in the form of mudharabah investments for a definitive result. The results show that sharia banking requires innovative fund raising for third-party products, such as mudharabah investment products. These investments provide certainty of results despite using mudharabah and are based on the certainty that projector financing has been agreed by the sharia with the creditor banks. This investment product can be offered to both individuals and groups/collectives. Keywords: sharia banking, investment, mudharabah

Carbon market. The future investment of sustainable development in developing countries: climate smart investment

OpenAIRE

Hesham Elsayed Eissa

2017-01-01

There is no doubt that the problem of climate change has become imperative for all parties oа the international community to join forces to resolve this crisis. With the signing of the Paris Agreement and following many deliberations and negotiations, this agreement is a new phase in dealing with the reduction of greenhouse gas emissions. With the participation of everyone, whether developed or developing countries, that opens the door to a new system of investment in the implementation of th...

Reform of investment policy in the function of sustainable development with special emphasis on investment in information technologies

Directory of Open Access Journals (Sweden)

Dragičević-Radičević Tatjana

2017-01-01

Full Text Available Global economy still records a decline in FDI. The main causes are increased economic instability and geopolitical risks. Given the continued negative trend, it is clear that it is necessary to reform the investment policies at the national, regional, bilateral, multilateral and international level, to ensure sustainable economic development. Key elements of the reforms are: to provide instruments to reduce risks, create mechanisms of responsible investment, improve the structural coherence and promote regional investments. Refer to the current dates of the sectors investments (according to the report of UNCTAD from 2015th shows that the services sector recorded double growth compared to the investment in the manufacturing sector in 2012. Also, if we take into consideration the fact that investment in IT sector investment involves three aspects: transactional (minimizing costs, strategic (innovation technologies, achieving competitiveness and information (improving access to information and communications, it may be assumed that the reforms in the investment policies should be directly correlated with investments in information technology.

The Clean-Development Mechanism, stochastic permit prices and energy investments

International Nuclear Information System (INIS)

Hieronymi, Philipp; Schüller, David

2015-01-01

We analyze the impact on energy investments stemming from different emission permit classes, by considering permits that are allocated inside the European Emission Trading Scheme and secondary Certified Emission Reduction (sCER) permits originating from the Clean Development Mechanism. One price taking firm which is subject to emission regulation has the choice to invest in gas or wind power plant. The firm faces uncertainty regarding stochastically evolving permit prices, while it receives a premium on the electricity price for wind energy. As a first step, we determine the value of the option to invest into a gas power plant over time. Then, we calculate the investment probability of a gas power investment in a range of policy scenarios. We find that allowing the usage of sCER permits in the present policy framework has a positive impact on gas power investment. Decoupling the price processes has a similar effect. If the quota of sCER permits is doubled, the decrease in the investment probability for wind power is large. We carry out sensitivity tests for different parameter values, and find that investment behavior changes significantly with differing interest rates, the wind energy premium and volatility. - Highlights: • We model the impact of two CO 2 permit classes on energy investments. • We present a real-options framework accounting for uncertainty. • Clean Development Mechanism permits have a negative influence on investment into renewable energy. • Interest rate and volatility values have a strong impact on the results

CONTRIBUTION OF FOREIGN DIRECT INVESTMENT FOR THE REGION DEVELOPMENT

Directory of Open Access Journals (Sweden)

KATARÍNA ČULKOVÁ

2013-02-01

Full Text Available Foreign direct investments contribute to the important solving of the economical growth and regionaldevelopment and it presents part of the state’s effort to increase living level of the state. Slovakia government ismotivated to support any foreign investment and it competes for such investments with other transforming countries.Goal of the contribution is to provide idea about main factors that influence inflow of the foreign investments to theindividual regions of Slovakia and to evaluate their contribution through characteristics and main determinants of theforeign investments. Only through careful choice can Slovakia obtain successfully investors that would come to thecountry with production, research and development since in modern economy we cannot be competitive without suchactivities, neither in regional, nor in the international level.

Possibility of choosing development investment programs of a production company by applying discounted investment appraisal technique

Directory of Open Access Journals (Sweden)

Vesić-Vasović Jasmina

2014-01-01

Full Text Available The selection of development investment programs is one of the most important decisions in industrial production. The paper sets out the possibilities of applying dynamic criteria for investment decision making. It presents a practical numerical example for the value calculation of investment criteria Net Present Value and Internal Rate of Return for the reviewed investment project solutions. In this manner it is possible to make an orderly set of alternatives with clear preferences for the most suitable alternative in comparison with other ones. Such rating of project solutions will enable the decision maker to emphasize advantages with more arguments and select the most suitable project solution in accordance with the established criteria, conditions and limitations.

Social responsible investment: satisfaction, risks and prospects of development /

Directory of Open Access Journals (Sweden)

I.M. Vygivska

2017-12-01

Full Text Available The research is devoted to the study of the features and trends of the development of socially responsible investment in Ukraine. The present study shows that under the current conditions of economic development and political situation in different countries, socially responsible investment of various projects and programs of social significance becomes increasingly important and relevant. Today we observe the appearance of the new forms of implementation of socially responsible business activities, among which the impact-investment and financing of socially significant projects on the principles of venture philanthropy are becoming more and more popular. It is determined that IMP involves, firstly, profit making, and secondly, it expects positive social changes, in particular, in support of sustainable agricultural development, ensuring availability of medical services, affordability of housing, development of environmentally friendly technologies. It was found out that the goal of venture philanthropy is primarily to create a social effect, and, eventually, to generate profits that may appear in the process of implementing the project or the activities of the organization. In the vast majority of cases, this type of financing takes place through direct investment or fixed income securities.

The Role Of Foreign Investment In Economic And Social Development In Libya

Directory of Open Access Journals (Sweden)

Mustafa Khalifa Thawadi El. Hamoudi

2017-02-01

Full Text Available Investment is whether in local or foreign organization is the action Plan split by various investment activities The Libyan economy is among those economies that require this kind of foreign investment to achieve the desired economic goals which are correlated with the objectives of the Libyan economic system for subsequent stages. Therefore it is important to study the trends and determinants of FDI in developing in general and in Libya in particular. This paper describes the role that could be played by investment foreign investment in economic and social development in Libya pointing out the positive and negative aspects and how to deal with each of them in proportion to the facts of the Libyan Economy needs. And in the light of the new economic orientation in line with the political and economic developments in the international arena and foreign investment and thus contributing to the expansion of the ownership base and create job opportunities for citizen in this study will follow the descriptive approach through the way ahead obtained from digital data from various sources using the forms as required and discussed this paper to the definition of foreign investment evolved of investment determinants of FDI motivated encourage foreign investment history prospects for foreign direct investment in Libya Barriers to foreign direct investment in Libya Policies strategies to support foreign direct investment in Libya conclusions and recommendations.

Atmospheric CO2 enrichment alters energy assimilation, investment and allocation in Xanthium strumarium.

Science.gov (United States)

Nagel, Jennifer M; Wang, Xianzhong; Lewis, James D; Fung, Howard A; Tissue, David T; Griffin, Kevin L

2005-05-01

Energy-use efficiency and energy assimilation, investment and allocation patterns are likely to influence plant growth responses to increasing atmospheric CO2 concentration ([CO2]). Here, we describe the influence of elevated [CO2] on energetic properties as a mechanism of growth responses in Xanthium strumarium. Individuals of X. strumarium were grown at ambient or elevated [CO2] and harvested. Total biomass and energetic construction costs (CC) of leaves, stems, roots and fruits and percentage of total biomass and energy allocated to these components were determined. Photosynthetic energy-use efficiency (PEUE) was calculated as the ratio of total energy gained via photosynthetic activity (Atotal) to leaf CC. Elevated [CO2] increased leaf Atotal, but decreased CC per unit mass of leaves and roots. Consequently, X. strumarium individuals produced more leaf and root biomass at elevated [CO2] without increasing total energy investment in these structures (CCtotal). Whole-plant biomass was associated positively with PEUE. Whole-plant construction required 16.1% less energy than modeled whole-plant energy investment had CC not responded to increased [CO2]. As a physiological mechanism affecting growth, altered energetic properties could positively influence productivity of X. strumarium, and potentially other species, at elevated [CO2].

ECONOMIC AND LEGAL GROUNDS FOR INVESTMENT IN DEVELOPMENT OF TRANSPORT INFRASTRUCTURE

Directory of Open Access Journals (Sweden)

V. V. Zhelezniak

2017-02-01

Full Text Available Purpose. In Ukraine, as in many countries of the world, transport is one of the most fundamental sectors of the national economy, important part of the industrial and social spheres. But in the conditions of industry reforming there are problems of investing in development of rail transport. So the work is devoted to the grounds of potentially available sources of investment in infrastructure of railway transport of Ukraine. The work stresses the importance of the problem of attracting foreign investment in the economy, highlights the proposals to solve this problem. Methodology. To solve the problems of this class the work presents the proposed methods of analysis, synthesis and comparison, deduction, induction, logic and abstraction. It becomes necessary to search for and study of new conceptual approaches to organization of investment processes at railway transport enterprises, appropriate management and financial decisions and schemes of railway infrastructure development. Findings. The paper shows ways to optimize investment for modernization and technical re-equipment of the transport complex of Ukraine. It proposes the ways of attracting capital of investors for development of transport infrastructure: compliance with European laws and regulations; reforming of the tax system of Ukraine; combating corruption in the country; implementation of public-private partnership tools into the mechanism of state regulation of investment processes; creating a favourable investment climate for implementation of rail transport infrastructure projects; creating a system of compensation to investors; guarantees of transport infrastructure investment protection. Originality. The work offers the sources of investment for development of railway infrastructure in Ukraine, which should include: state budget funds, use of targeted loans and leasing. The main direction of the state policy concerning infrastructure should be a gradual transition of activity in

Nuclear power - help or extermination. The splendours and miseries of energetics development

International Nuclear Information System (INIS)

Hrynkiewicz, A.; Kolenda, Z.

1986-01-01

This report has been published soon after a Chernobyl accident. The authors try to answer the following questions: why nuclear power is and will continue be an increasingly widely used source of energy and what is the nuclear risk. In the same time they want to call our attention on the dangerous consequences of the more and more intensive development of conventional energetics based on the combustion, in particular, of coal. The energetic situation in Poland they analysed too. (M.F-W)

The Outlook for the Development of Investments Funds in the Republic of Croatia

Directory of Open Access Journals (Sweden)

Dijana Jurić

2005-12-01

Full Text Available During the nineties, investment funds recorded rapid development in most developed countries and became important agents on the financial markets. In the developing and transitional countries the investment funds industry, although it too has recorded accelerated rates of growth, is still essential lagging behind that of the developed countries. In Croatia the investment funds started developing with the appearance of the private investment funds; however, they did not, contrary to expectations, make a very significant contribution to the development of institutional investors on the capital market. The market is driven primarily by banking or financial conglomerates, which also dominate the investment fund industry. Today the Croatian investment fund market is a very enterprising and dynamic segment of the financial system and hence the establishment of adequate regulation and supervision as well as the development of the capital market must be the main determinants of its further growth and development.

Investment and Employment - Drivers of European Economic Development

Directory of Open Access Journals (Sweden)

Cristina BURGHELEA

2017-04-01

Full Text Available The economic literature and related specialty practice, the development of the European Economic Community along with the factors determining them (such investments and staff represents a topic that is of great notoriety. This paper shows the role and influence that direct investment in the economy and employment ratio can propagate in the growth of gross domestic product per capita to ensure increased economic sustainability of countries in the European Community. The most important economic effects of FDI on the host economy can be represented by labor productivity growth through knowledge transfer (know-how technology, management skills and marketing term in countries emerging favor progress technological and economic growth. To determine this goal, in the context of economic logic, this research shows the importance of gross domestic product, total and per capita, as a macroeconomic indicator synthetic, and encouraging and using the action of factors that can also provide political steps, organizational and financial, achieving levels attesting social progress and prosperity. The study highlights a Custom Analysis on gross domestic product per capita, direct investment and the proportion of people employed in total for 24 European Union countries in 2014 and also develop an econometric model multifactorial based on system statistics. Research shows utility in making decisions about investment growth in the European Community by attracting a workforce that is in full compliance with state investment policies and by providing a high living standard.

Design, Development and Implementation of Decision Support Systems for Private Equity Investment

OpenAIRE

Vroomen, Paul

2017-01-01

The objective of this research is to design, develop and implement an intelligent decision support system (IDSS) for making rational private equity investment decisions. (Private equity investments are capital investments in enterprises that are not traded on public equity markets; they include Equity Buy-Out, Venture Capital, and the new Equity Crowd Funding (ECF) asset classes). The design and development of the IDSS requires the integration of investment science (valuation theory, portfoli...

About Russian nuclear energetic perspectives

International Nuclear Information System (INIS)

Laletin, N.I.

2003-01-01

My particular view about Russian nuclear energetics perspectives is presented. The nearest and the further perspectives are considered. The arguments are adduced that the most probable scenario of nuclear energetic development is its stabilization in the near future. Fur further development the arguments of supporters and opponents of nuclear energetics are analyzed. Three points of view are considered. The first point of view that there is not alternative for nuclear energetics. My notes are the following ones. a) I express a skeptic opinion about a statement of quick exhaustion of fossil organic fuel recourses and corresponding estimations are presented. b) It is expressed skeptic opinion about the statement that nuclear energetics can have a visual influence on ''steam effect''. c) I agree that nuclear energetics is the most ecological technology for normal work but however we can't disregard possibilities of catastrophic accidents. The second point of view that the use of nuclear energetics can't have the justification. I adduce the arguments contrary to this statement. The third point of view that nuclear energetics is a usual technology and the only criteria for discussions about what dimension and where one ought develop it is total cost of its unit. Expressed an opinion that the deceived for the choose of a way the skill of the estimate correctly and optimized so named the external parts of the unit energy costs for different energy technologies. (author)

Determinants of fixed investment by manufacturing firms in a developing country

Energy Technology Data Exchange (ETDEWEB)

Bilsborrow, R E

1977-10-01

The validity of classical explanations of business investment decisions are examined and evidence is found that a less-pure approach is appropriate in the context of a developing country. A new data base is developed, using an electric model of manufacturing corporations in Colombia. The main empirical findings are: (1) An accelerator was accepted and institutionalized as a long-run investment. (2) Cash flow effects were a slightly more-important determinant of annual-investment variations than the accelerator in accordance with business uncertainties and undeveloped capital and loan markets. (3) Although the balance-sheet risk variable was the best variable in individual firm time-risk regression studies, no firm conclusions can be drawn without further investigation. (4) The single most-important influence on annual variations in investment by aggregates of firms was the availability of foreign exchange, which suggests the impact that changes in government policies can have on investment and economic activity. (5) Investment theory ''explained'' the behavior of foreign-controlled investment in Colombia better than that of Colombian corporations, whose executives may have been less willing to take risks. 56 references.

26 CFR 1.851-6 - Investment companies furnishing capital to development corporations.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Investment companies furnishing capital to... Investment Trusts § 1.851-6 Investment companies furnishing capital to development corporations. (a) Qualifying requirements. (1) In the case of a regulated investment company which furnishes capital to...

Stimulating Investment Development through Transformation of State Banks Activity

Directory of Open Access Journals (Sweden)

Kulpinska Lidiya K.

2013-12-01

Full Text Available The article considers significance of state corporations and state financial institutions in stimulation of investments into the fixed capital of the country and considers problems of increase of efficiency of activity of these institutions in the world and Ukraine. It considers the state sector of the developing countries through the prism of activity of state financial and non-financial corporations. It analyses theories of positive and negative features of carrying out state investing through state-owned banks. It analyses the role of state financial corporations in Ukraine, in particular, in crediting and expansion of the portfolio of acquired governmental bonds and offers ways of its increase in the context of necessity of directing funds into investment development.

Sustainable Markets Investment Briefings: Investment Treaties

Energy Technology Data Exchange (ETDEWEB)

Cotula, Lorenzo

2007-08-15

This is the second of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 2 explains how investment treaties between states work to protect and promote foreign investment.

Evaluating Foreign Direct Investment and Africa's Development ...

African Journals Online (AJOL)

The question of Africa's development has continued to occupy the front burner from the social and economic discussions by scholars of various divides. But Africa's development through foreign direct investment has become a recent challenge to the African continent. African social critics and commentators as well as ...

The influence of financial market development on investment activities in a developing country

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Shirley Malope

2017-09-01

Full Text Available Financial markets are considered developed if there is improvement in the size, activity, efficiency and stability of the financial system. The study looked at how financial development based on debt, stock, money and foreign markets affect investment. The Johansen cointegration and Vector Error Correction Model (VECM were used to estimate the short and long run relationship and test for the speed of adjustment. Granger causality test informed about direction of causality, variance decompositions and impulse response indicated effects of shocks. The Johansen cointegration test showed that the variables have a long run relationship. VECM showed that the speed of adjustment is about 13%, which means that variables will converge to equilibrium relatively quickly. The impulse response function indicated that financial market development indicators have short-run effects on investment in the first quarters after the initial shocks. Variance decomposition also indicated that specifically government bonds had greater effect in predicting future investments. The policy implications of these findings are for government to place greater priority on government bonds as its effect on investment is greater than other financial development proxies. Policies should focus on allowing greater risk diversification and improving the independence of the financial sector from government interference

The energetics of electric organ discharge generation in gymnotiform weakly electric fish.

Science.gov (United States)

Salazar, Vielka L; Krahe, Rüdiger; Lewis, John E

2013-07-01

Gymnotiform weakly electric fish produce an electric signal to sense their environment and communicate with conspecifics. Although the generation of such relatively large electric signals over an entire lifetime is expected to be energetically costly, supporting evidence to date is equivocal. In this article, we first provide a theoretical analysis of the energy budget underlying signal production. Our analysis suggests that wave-type and pulse-type species invest a similar fraction of metabolic resources into electric signal generation, supporting previous evidence of a trade-off between signal amplitude and frequency. We then consider a comparative and evolutionary framework in which to interpret and guide future studies. We suggest that species differences in signal generation and plasticity, when considered in an energetics context, will not only help to evaluate the role of energetic constraints in the evolution of signal diversity but also lead to important general insights into the energetics of bioelectric signal generation.

METHODICAL APPROACHES TO ASSESSMENT OF EFFICIENCY OF INVESTMENT PROJECTS OF DEVELOPMENT OF RURAL TERRITORIES

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Nadejda Shatsilo

2018-05-01

Full Text Available The purpose is to justify the principles of assessing the effectiveness of innovation and investment projects of rural areas development on the basis of sustainability. Research methodology. In the course of the research general scientific and special methods for solving the tasks and obtaining the corresponding results were used, in particular: the method of logical analysis - in determining the factors of influence on the efficiency of investment projects; Systematization and generalization - in the synthesis of modern methodological approaches to the evaluation of innovation and investment projects of rural areas development; Abstract-logical - for theoretical generalizations and formulation of the findings of the study. Results.The principles of estimation of efficiency of innovative-investment projects are generalized. The interrelation and interdependence of goals and tasks in the development of three subsystems of sustainability have been studied, which need to be taken into account when identifying the effects arising from the implementation of investment projects. The methodological principles of evaluation of innovation-investment projects of rural areas development in conditions of observance of the requirements of sustainable development are highlighted. The deterrent factors hindering the implementation of the processes of investment of investment resources in the development of rural areas are determined. The principles of implementation of investment projects oriented on sustainable development are substantiated. Priority directions of investing resources investment in the development of rural areas on the principles of sustainability within the framework of solving economic, social and environmental problems have been identified. The mechanism of estimation of efficiency of innovative-investment project of development of rural territory in the conditions of limited financial resources is offered. It is substantiated that it is

Does the Sustainable PPI Investments Promote Financial Market’s Sustainable Development?

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Tong Fu

2016-01-01

Full Text Available Since the late 1980s, most developing countries adopt a policy of attracting investments for Private Participation in Infrastructure (PPI projects. With a perspective of sustainability, this paper offers a first attempt to examine whether the sustainable PPI investments promote financial market development. First, we demonstrate how the PPI policy enlargers the size of financial markets and then fosters the liquidity of financial markets in the static and dynamic conditions. Using the data from 33 developing countries during 1997–2012, we discover the significant promotion effect of PPI investments on the development of financial markets in the dimensions of size and liquidity. Additionally, we confirm the significant mediator effect of financial market size for the positive relationship between PPI investments and financial market liquidity. Both the promotion effect and mediation effect are robust to different control variables and estimation techniques used.

About the wind energetics development

International Nuclear Information System (INIS)

Strebkov, D.S.; Kharitonov, V.P.; Murugov, V.P.; Sokol'skij, A.K.

1996-01-01

The review of wind power energetics state in USA, Europe, Russia is given. The data of EC on wind power plants production in different periods are presented. The directions of scientific-research works with the purpose of increasing the level of wind power industry of Russia corresponding to economics demands were elaborated. (author). 8 refs., 3 tabs

Development of casting investment preventing blackening of noble metal alloys Part 2. Application of developed investment for type 4 gold alloy.

Science.gov (United States)

Nakai, Akira; Kakuta, Kiyoshi; Goto, Shin-ichi; Kato, Katuma; Yara, Atushi; Ogura, Hideo

2003-09-01

The objective of this study was to evaluate the efficacy of the developed investment for the prevention of blackening of a cast Type 4 gold and to analyze the oxides on its surface in relation to the blackening of the alloy. The experimental investments were prepared using a gypsum-bonded investment in which boron (B) or aluminum (Al) was added as a reducing agent. A Type 4 gold alloy was cast into the mold made of the prepared investment. The effect of the additives was evaluated from the color difference (deltaE*) between the as-cast surface and the polished surface of the cast specimen. B and Al were effective to prevent the blackening of a Type 4 gold alloy and the color of the as-cast surface approached that of the polished surface with increasing B and Al content. The prevention of the blackening of the gold alloy can be achieved by restraining the formation of CuO.

Determinants of Cross-border Venture Capital Investments in Emerging and Developed Economies

DEFF Research Database (Denmark)

Hain, Daniel; Johan, Sofia A.; Wang, Daojuan

2016-01-01

VCs, indicating the effects of intra-industry networks needing further analysis. Using China as a model, we provide a novel multidimensional framework to explain cross-border investments in innovative ventures across developed and emerging economies. By analyzing a unique international dataset, we...... is more relevant for investments in emerging economies, and relational trust is more relevant for investments in developed economies....

Development of casting investment preventing blackening of noble metal alloys part 1. Application of developed investment for Ag-Pd-Cu-Au alloy.

Science.gov (United States)

Kakuta, Kiyoshi; Nakai, Akira; Goto, Shin-ichi; Wakamatsu, Yasushi; Yara, Atushi; Miyagawa, Yukio; Ogura, Hideo

2003-03-01

The objective of this study is to develop a casting investment that prevents the blackening of the cast surface of noble metal alloys. The experimental investments were prepared using a gypsum-bonded investment in which the metallic powders such as boron (B), silicon (Si), aluminum (Al) and titanium (Ti) were added as oxidizing agents. An Ag-Pd-Cu-Au alloy was cast into the mold made of the prepared investment. The effect of the addition of each metal powder was evaluated from the color difference between the as-cast surface and the polished surface of the cast specimen. The color of the as-cast surface approached that of the polished surface with increasing B and Al content. A lower mean value in the color difference was obtained at 0.25-1.00 mass% B content. B and Al are useful as an additive in a gypsum-bonded investment to prevent the blackening of an Ag-Pd-Cu-Au alloy. The effects of Si and Ti powder addition could not be found.

EUROPEAN INVESTMENT BANK'S ROLE IN ECONOMIC DEVELOPMENT OF ROMANIA AND EUROPE

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HAGIU ALINA

2014-10-01

Full Text Available European Investment Bank is the European Union's financial institution. It finances investment projects to contribute to the balanced development of the Union. At the same time "bank" and "body" of the European Union, it contributes to the achievement of the European Union objectives by funding projects to promote European integration, balanced development, economic and social cohesion and the development of an economy based on innovation. Today, the EIB exists on the capital markets with the best quote, “Triple A”. This quote allows it to mobilize in highly competitive conditions, the most important financial volume required to support investments. As an institution, EIB continuously adapts its working mode to changes in EU policies. As a bank, it works closely with the banking community, both for loans on the capital markets as well as for financing investments.

The Mutual Investments in Romania - Current Developments and Trends

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Florina Oana VIRLANUTA

2013-03-01

Full Text Available Mutual fund industry in Romania has undergone significant growth in recent years in the number of investors and the net assets managed, but still very small compared to other European countries. Capital market development in Romania, the emergence of new investment instruments provides a greater variety of mutual funds investments. Managers decide on the structure of the portfolio by selecting categories of assets in accordance with the rules set out in the Prospectus and according to the degree of risk. In this paper we propose to realize an analysis of mutual investments system in Romania, the progress and their efficiency.

The Attracting of Foreign Investment in the Russian Economic Development

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Sergey I. Girko

2018-03-01

Full Text Available The attracting of foreign investment is a strategic goal of the Russian economy’s development. Direct investment plays a special role in this process providing an access to financial resources, modern technologies, management skills, innovative goods and services as well as contributing to increase of economic competitiveness, sustained growth and improvements in living standards. In this connection, creation of an enabling environment for foreign investors is a priority sector of public investment policy. Based on the analysis of federal and regional forms of supporting investment activities, it can be concluded that the forms associated with budget injections into the economy are dominant. Co-financing of investment projects, government programs to support exports, create infrastructure (technology parks, SEZ infrastructure, TAD, create support centers for entrepreneurs, all this can be called financial stimulation of economic activity and, in particular, investment activity. The study suggest that the state has to go to these costs in connection with the reduction of the investment potential of the private sector, as a result of the economic crisis and international sanctions.

Energetic transition in the electric sector: Brazilian case

International Nuclear Information System (INIS)

Jannuzzi, Gilberto de Martino

1999-01-01

The Brazilian electric sector is essentially based on a source of renewable energy -hydroelectricity, and the national economy has increased its dependence of the electricity. The use of the electricity for unit of GDP increased in continuous form from 1970 and the country has serious difficulties in the financing of the expansion of the electric production. Energetic politics, in what concerns to the sustainable development in the Brazilian case, should direct its efforts toward a bigger investment in efficiency and energy conservation. a bigger use of supply options that they are renewable and decentralized will depend on high degree of the regulation of the electric sector during the privatization. The transition stage of the Brazilian electric sector will imply more efforts toward a handling based on the demand and a bigger efficiency

Energy investment in developing countries

International Nuclear Information System (INIS)

Rovani, Y.

1982-01-01

The developing countries are likely to represent the fastest growing component of the global energy demand over the next two decades. The paper presents considerations based on the World Bank's approach to the energy sector in these countries. It is considered that an accelerated development of conventional indigenous sources of energy is absolutely vital if developing countries are to attain a satisfactory rate of economic growth. The cost of the energy investment, the power sector issues, the optimal use of the resources, the role of the external financing and the need of technical assistance are reviewed. One emphasizes the role of the World Bank in analyzing and preparing projects, and in mobilizing financing from other official and commercial sources

The Influence of Foreign Direct Investments on Regional Development in Croatia

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Ines Kersan-Škabić

2014-12-01

Full Text Available The aim of this study was to determine the influence of foreign direct investments (FDI on regional development in Croatia and to contribute to previous studies that deal with regional FDI re-allocations. Our analysis was conducted at the NUTS 3 level (21 Croatian counties and applied panel data analysis to determine the influence of FDI as well as other factors that proved to be significant in regional development in Croatia. The results point out that investment (i.e., both domestic and foreign direct investments, labor productivity, and export have a positive and significant influence on regional development, while absorptive capacity has a negative influence. It is therefore important to strengthen the absorptive capacity of Croatian regions to create a favorable investment environment and to provide good preconditions for the development of other factors of regional development. Findings are relevant for policy-makers who should take more proactive roles in attracting FDI as a way of strengthening regional development in Croatia. This may help policy-makers to act locally to achieve cohesion, but it can also be important for foreign investors that observe regional FDI determinants in the European Union.

RegionsТ Competition for Investment Projects in Forest Development

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Valentina Fedorovna Lapo

2014-06-01

Full Text Available The author considers the problem of competition between regions for investments. It is hypothesized that the presence of legislative stimulating benefits in a particular region, ceteris paribus, promotes investment flows in forest projects from other regions and is an instrumentl of inter-regional competition. To test the hypotheses the researcher uses a modified model with spatial weighted exogenous variables in order to assess the spatial effects. The obtained estimates indicate the presence of spatial effects, both negative (an inter-regional competition for investment and positive (agglomeration effects. The author argues that the process of inter-regional competition for investment in projects on forest development is caused by benefits under taxes and payments into the regional budget, regulation of pricing (including actions by natural and local monopolies and depreciation policy and solutions to put some forest projects in the list of priority ones. Along with this, the paper identifies agglomeration effects induced by a number of benefits: direct dealings in investment by financing or property contribution, subsidies, state guarantees, credit security and partial payment of interest

Development of renewable energetics needs knowledge, skills and co-operation

International Nuclear Information System (INIS)

Elmet, Henn; Tiit, Valdur

2000-01-01

Full text: The principles of sustainable lifestyle that are based on natural balance spread nowadays more and more widely. The broad use of renewable energy sources enables to meet the population's need for energy, keeping at the same time our life environment clean. These principles must also be followed at the development of Estonian economy, taking into consideration the responsibilities of the present generation to the following ones. It means that we are obliged to protect healthy environment and to preserve our resources for the sake of the whole world. We have to behave in such a way that we would not decrease our descendants' hope for a happy life neither in the close nor in the further future. The sphere of activity of the Estonian Agricultural University is very broad, including to a smaller or greater extent everything that is connected with farming and forestry. For decades we have successfully developed scientific research on forestry and educated a lot of good workers. Many of them work successfully in the enterprises that are connected with timber fuel, using thus raw material that is energetically renewable and implementing the principles of sustainable development. As the initiators and to a certain extent also organisers of the present conference we would especially like to stress that the role of our University both in the use of renewable sources of energy and the production of energetic raw material is constantly growing. Due to the change of the economic situation it is not reasonable to produce as much foodstuffs as ten year ago in Estonia. On the spare land it is possible to grow plants that store solar energy and that enable to produce different biofuels. During summer approximately 5 mln kWh of solar energy fall on one hectare of land in our conditions. Taking into account the efficiency of plants and the cost of production we might receive a couple of tons of diesel fuel as so-called pure receipts. As the area of unused farmland is at

Real Estate Investment Trusts in the Developed Countries

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Yulia A. Burkova

2014-01-01

Full Text Available In this article, performance of239 real estate investment trusts (REITs from 15 developed countries is analyzed according to their regional specific characteristics. This investment vehicle is rapidly spreading all over the world due to high returns it offers while being of low risk, and since the governments create special legislation. In 2013, there were around 30 countries where REITs can be created, so regional specifics of REITs' performance can be studied. USA has the oldest REITs market in the world with 133 trusts operating there. Popularity of American REITs is explained by the fact that they usually hold well diversified portfolios of property with stable income. This helped them rather successfully survive through the global economic crisis of2008-2010, but after that attracted close attention of institutional investors which has led to the creation of new bubble on the market. European REITs market has appeared recently, its development being slowed down by the recent crisis. The debt crisis and liquidity strain caused REITs lack of funds; economic downturn led to the reduction of trusts' returns, resulting in the outflow of the investment to the USA. In 2012, the recovery of the debt capital market reanimated the REITs market. REITs in the Asia-Pacific region are very risky thus offering a high riskpremium. Their returns are unstable and fluctuate in line with the global economic situation. After the crisis, REITs have been the most attractive investment vehicle on the market offering high yield.

Statistical Research of Investment Development of Russian Regions

Science.gov (United States)

Burtseva, Tatiana A.; Aleshnikova, Vera I.; Dubovik, Mayya V.; Naidenkova, Ksenya V.; Kovalchuk, Nadezda B.; Repetskaya, Natalia V.; Kuzmina, Oksana G.; Surkov, Anton A.; Bershadskaya, Olga I.; Smirennikova, Anna V.

2016-01-01

This article the article is concerned with a substantiation of procedures ensuring the implementation of statistical research and monitoring of investment development of the Russian regions, which would be pertinent for modern development of the state statistics. The aim of the study is to develop the methodological framework in order to estimate…

Experimental evidence of population differences in reproductive investment conditional on environmental stochasticity

Energy Technology Data Exchange (ETDEWEB)

Gauthey, Zoé [INRA, UMR 1224, Ecologie Comportementale et Biologie des Populations de Poissons, Aquapôle, quartier Ibarron, 64310 Saint-Pée sur Nivelle (France); Univ Pau & Pays Adour, UMR 1224, Ecologie Comportementale et Biologie des Populations de Poissons, UFR Sciences et Techniques de la Côte Basque, Allée du parc Montaury, 64600 Anglet (France); Panserat, Stéphane [INRA, UR 107, Nutrition Metabolism Aquaculture, Aquapôle, 64310 Saint Pée sur Nivelle (France); Elosegi, Arturo [Faculty of Science and Technology, University of the Basque Country UPV/EHU, 48080 Bilbao (Spain); Herman, Alexandre [INRA, UR 107, Nutrition Metabolism Aquaculture, Aquapôle, 64310 Saint Pée sur Nivelle (France); Tentelier, Cédric [INRA, UMR 1224, Ecologie Comportementale et Biologie des Populations de Poissons, Aquapôle, quartier Ibarron, 64310 Saint-Pée sur Nivelle (France); Univ Pau & Pays Adour, UMR 1224, Ecologie Comportementale et Biologie des Populations de Poissons, UFR Sciences et Techniques de la Côte Basque, Allée du parc Montaury, 64600 Anglet (France); and others

2016-01-15

Environmental stochasticity is expected to shape life histories of species, wherein organisms subjected to strong environmental variation should display adaptive response by being able to tune their reproductive investment. For riverine ecosystems, climate models forecast an increase in the frequency and intensity of extreme events such as floods and droughts. The speed and the mechanisms by which organisms may adapt their reproductive investment are therefore of primary importance to understand how species will cope with such radical environmental changes. In the present study, we sampled spawners from two different populations of wild brown trout, originating from two environments with contrasting levels of flow stochasticity. We placed them in sympatry within an experimental channel during reproductive season. In one modality, water flow was maintained constant, whereas in another modality, water flow was highly variable. Reproductive investment of all individuals was monitored using weight and energetic plasma metabolite variation throughout the reproductive season. Only the populations originating from the most variable environment showed a plastic response to experimental manipulation of water flow, the females being able to reduce their weight variation (from 19.2% to 13.1%) and metabolites variations (from 84.2% to 18.6% for triglycerides for instance) under variable flow conditions. These results imply that mechanisms to cope with environmental stochasticity can differ between populations of the same species, where some populations can be plastic whereas other cannot. - Highlights: • We place two populations of brown trout under contrasting water flow for reproduction. • Energetic metabolite variation is used as a cue of reproductive investment. • In constant flow, both populations show the same reproductive investment. • In variable flow, only one of the populations modifies its reproductive investment. • Divergent evolution of reproductive

Experimental evidence of population differences in reproductive investment conditional on environmental stochasticity

International Nuclear Information System (INIS)

Gauthey, Zoé; Panserat, Stéphane; Elosegi, Arturo; Herman, Alexandre; Tentelier, Cédric

2016-01-01

Environmental stochasticity is expected to shape life histories of species, wherein organisms subjected to strong environmental variation should display adaptive response by being able to tune their reproductive investment. For riverine ecosystems, climate models forecast an increase in the frequency and intensity of extreme events such as floods and droughts. The speed and the mechanisms by which organisms may adapt their reproductive investment are therefore of primary importance to understand how species will cope with such radical environmental changes. In the present study, we sampled spawners from two different populations of wild brown trout, originating from two environments with contrasting levels of flow stochasticity. We placed them in sympatry within an experimental channel during reproductive season. In one modality, water flow was maintained constant, whereas in another modality, water flow was highly variable. Reproductive investment of all individuals was monitored using weight and energetic plasma metabolite variation throughout the reproductive season. Only the populations originating from the most variable environment showed a plastic response to experimental manipulation of water flow, the females being able to reduce their weight variation (from 19.2% to 13.1%) and metabolites variations (from 84.2% to 18.6% for triglycerides for instance) under variable flow conditions. These results imply that mechanisms to cope with environmental stochasticity can differ between populations of the same species, where some populations can be plastic whereas other cannot. - Highlights: • We place two populations of brown trout under contrasting water flow for reproduction. • Energetic metabolite variation is used as a cue of reproductive investment. • In constant flow, both populations show the same reproductive investment. • In variable flow, only one of the populations modifies its reproductive investment. • Divergent evolution of reproductive

Making extractive investments work for Africa's development: what ...

African Journals Online (AJOL)

Journal of Sustainable Development Law and Policy (The) ... investment flows, aid for infrastructure and construction and technology transfers. ... their extractive sector fully, industrialize and end China's financial stranglehold on the continent.

Role of Tax Instruments in Investment and Innovation Strategy of Development of Ukraine

Directory of Open Access Journals (Sweden)

Demchyshak Nazar B.

2014-02-01

Full Text Available The article speaks about problems of formation of the investment and innovation potential in Ukraine. It identifies priority of development and introduction of the investment and innovation strategy for the national economy. It studies the role of state stimulation of the investment and innovation activity using direct and indirect methods. It considers foreign experience of tax stimulation of innovation activity. It analyses application of different tax preferences by different foreign states. It shows positive and negative sides of preferential taxation under conditions of financial instability of Ukrainian economy. In order to identify the level of investment activity the article analyses dynamics of change of the investment attractiveness index and shows problem aspects of attraction of foreign investments into the national economy. It identifies priorities of formation of efficient investment and innovation strategy of development of economy on the basis of a common system approach.

Renewable Energy Investment in Emerging Markets: Evaluating Improvements to the Clean Development Mechanism

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Amy Tang

2014-06-01

Full Text Available In the past, industrialized countries have invested in or financed numerous renewable energy projects in developing countries, primarily through the Clean Development Mechanism (CDM of the Kyoto Protocol. However, critics have pointed to its bureaucratic structure, problems with additionality and distorted credit prices as ill-equipped to streamline renewable energy investment. In this paper, we simulate the impact of policy on investment decisions on whether or not to invest in wind energy infrastructure in India, Brazil and China. Data from 2,578 past projects as well as literature on investor behaviour is used to inform the model structure and parameters. Our results show that the CDM acts differently in each country and reveal that while streamlining the approval process and reconsidering additionality can lead to non-trivial increase in total investment, stabilizing policy and decreasing investment risk will do the most to spur investment.

CHALLENGES AND STRATEGIC PRIORITIES FOR THE DEVELOPMENT OF INVESTMENT INSURANCE IN UKRAINE

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Iryna Honcharenko

2017-12-01

Full Text Available The purpose of the paper is to substantiate the feasibility of expanding the scope of investment insurance in Ukraine, taking into account its advantages over other types of insurance services as well as the possibility of minimizing the possible disadvantages. Methodology. The list of the research methods of the subject under consideration includes the monographic method, analysis, techniques of the abstract-logical method, etc. Results. The urgency of the article is that the disclosure of the internal potential of the insurance market in Ukraine should take place with the introduction or activation of modern insurance products capable of meeting several financial needs at once, not only of their consumers but of the state as a whole. The development of voluntary life insurance plays an important investment role in the country’s economy, therefore, at the moment, the need to develop new financial products aimed at increasing voluntary insurance is urgent. The share of life insurance services in the insurance market of Ukraine in dynamic is analysed. The purpose and positive consequences of expanding the segment of investment insurance are substantiated. Investment insurance as a financial product has both advantages and disadvantages. The benefits include the transparent structure of the insurance product, the choice of investment strategy, the possibility of obtaining increased investment returns while preserving the benefits of the insurance contract, preferential taxation of investment income, the existence of a guaranteed amount of payment in the contract, etc.; to the drawbacks – the lack of the possibility of early termination of the contract with the receipt of all the insurance premiums paid, the absence of a guarantee fund, guaranteed income, long-term contracts, limited range of people who can be insured. To enhance the use of investment insurance in Ukraine and to minimize these shortcomings, the prospects for the development of

Foreign Direct Investment and its Role in the Development of Greece

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Vasiliki DELITHEOU

2011-06-01

Full Text Available A distinctive characteristic of Global Economy over the last few decades has been the rising rate and impressive increase in Foreign Direct Investment (FDI globally. Due to the potential role that foreign direct investment may play in accelerating the growth rate and re-shaping the economy, many developing countries are seeking such types of investment that can multiply efforts being made towards the growth of their economy. Consequently, foreign direct investment has become an important source of private external finance for developing countries. For this reason, countries like Greece are attempting to focus on the implementation of policies that can attract specific FDI and thus achieve high rates of growth. Attracting FDI and the subsequent creation of sustainable enterprises that will provide an increase in jobs and will reinforce the productivity of the country, is today a national target.

Investments of Banks in Securities: the Essence and Development Trends under Current Conditions

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Ekaterina Vladimirovna Mazikova

2015-12-01

Full Text Available The implementation of modern banking activities involves the realization of investments. Investment is a complex discussion economic category, characterized by a number of features. The types and forms of investment are manifold and can be transformed with account of the state of the economy and the level of development of industrial relations. The faster growth of the financial sector in the economy has stipulated the development of financial investment. Banks as financial and lending institutions actively make financial investments in securities. Banks’ investment in securities pursues a number of purposes which determine the selection of securities for investment and their quality. The article identified the targets of bank investments in securities and their development trends under current conditions on the basis of the analysis of the actual data for 2010–2014. Negative revaluation and the actual decrease in the value of corporate securities of Russian issuers reduce their commercial appeal. Banks refuse to speculate on the stock market in favor of the securities that ensure liquidity. Banks’ investments aim to purchasing securities from the Lombard List of the Bank of Russia in order to obtain loans and participate in the repo transactions. Thus, during the analyzed period, banks’ investments in securities transformed from systemically important assets that generate substantial profit into the mechanism that provides liquidity. It should be noted that a significant part of investment resources of Russian banks services the debt obligations of Russia’s Government. The article also identified a trend of banks’ increasing investment in the participation portfolios of subsidiaries and associated joint stock companies. The official data of the Central Bank of the Russian Federation (Bank of Russia [15], and the Federal State Statistics Service [14] were used as the information base for the study

Sustainable Markets Investment Briefings: Foreign investment contracts

Energy Technology Data Exchange (ETDEWEB)

Cotula, Lorenzo

2007-08-15

This is the fourth of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 4 sets out some of the ways in which foreign investment contracts can impact on sustainable development.

Foreign direct investment and their impact on economic development countries in transition

Directory of Open Access Journals (Sweden)

Marijana Joksimovic

2017-07-01

Full Text Available Foreign direct investment (FDI is among the key developmental factors that, along with international trade, contributes to the globalisation of the world economy and business. It is therefore necessary to ensure FDI improves economic development. Attracting investors, a favourable investment climate, and investment attractiveness compared to other countries in the region are some of the prerequisites for effective economic development of the Republic of Serbia. The authors in the paper analyse the impact of FDI on the economic development of Republic of Serbia. Based on available countries from 2012 to 2014, the paper presents a comparative view of the Republic of Serbia and the countries in the region.

Region innovation and investment development: conceptual theoretical approach and business solutions

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Zozulya D.M.

2017-01-01

Full Text Available The article describes essential problems of the region business innovation and investment development under current conditions, issues of crisis restrictions negotiation and innovation-driven economy formation. The relevance of the research is defined by the need of effective tools creation for business innovation and investment development and support, which can be applied, first, to increase efficiency of the region industrial activity, then improve production competitiveness on the innovative basis, overcome existing problems and provide sustainable innovation development in the region. The results of conducted research are represented in the article including region innovation and investment development concept model made up by the authors on the basis of system theoretical approach. The tools of the region innovation development defined in the concept model are briefly reviewed in the article. The most important of them include engineering marketing (marketing of scientific and technical innovations, strategic planning, benchmarking, place marketing and business process modeling.

Challenges in the development of market-based pipeline investments

International Nuclear Information System (INIS)

Von Bassenheim, G.; Mohitpour, M.; Klaudt, D.; Jenkins, A.

2000-01-01

The challenges, risks and uncertainties that the natural gas industry faces in developing market-based pipeline projects were discussed. Market-based pipeline investments are fundamentally different from user-driven projects. Market-based projected involve finding enough energy users and linking them with a pipeline infrastructure to viable supplies of natural gas. Each unique project is developed individually and requires a strong corporate vision and support before it can be successfully implemented. The three phases of a pipeline investment include the business development phase, the project development phase, and the implementation/operations phase. Market-based companies will need a clear vision for long-term goals and the desire to succeed. The company will have to prepare a detailed strategy and policies that clearly define geographic areas of operations, risk tolerance, availability of capital and expected project performance. 3 refs., 3 tabs., 2 figs

Energy investments and environmental implications: key policy issues in developing countries

Energy Technology Data Exchange (ETDEWEB)

Siddayao, Corazon M. (World Bank Washington, DC (USA). Economic Development Institute)

1992-03-15

Energy investments imply changes in the physical, social, and economic environment. Hence, both the short-term and the long-term costs and benefits of these investments must be taken into account. These changes may affect not only the immediate environment of the investment site but may extend geographically far beyond national borders as well as beyond the lifetimes of the people for whom the investments are intended. This paper reviews the issues relevant to developing countries. General conceptual and policies issues are discussed. Issues about the measurement of costs and benefits (including issues of 'sustainability' and the internalization of externalities resulting from environmental changes) as well as the role of opportunity costs in deciding a country's energy investment strategies are raised. The macroeconomic and institutional issues relevant to environmental impacts that might be incorporated in energy planning are suggested. The paper is based on a presentation to the 'Workshop on energy investments and the environment'. 24 refs., 1 fig.

Practitioners’ Views Promoting Infrastructure Investment: The G20 and the Multilateral Development Banks

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Hannah Wurf

2017-12-01

Full Text Available The G20 is committed to promoting infrastructure investment and has called on multilateral development banks (MDBs to increase their infrastructure lending to help boost global growth. Alongside long-standing MDBs such as the World Bank and Asian Development Bank (ADB, new MDBs such as the Asian Infrastructure and Investment Bank (AIIB and the New Development Bank have been established, and G20 members would like both old and new multilateral banks to scale up their infrastructure investment by developing a pipeline of bankable projects. Even with all the MDBs investing more, they will not be able to satisfy the global need for infrastructure. What they can do, however, is start to fill the infrastructure gap by catalyzing private investment and cooperating on standards and regional infrastructure. Concerns have been raised about the geo-political implications of the new MDBs which underscore the need for MDB cooperation. There are challenges to and opportunities for this cooperation. The G20 needs to be clear about the role it can play in encouraging MDB cooperation and infrastructure investment, and must also be aware of the limitations on its role given that each MDB has its own mandate. Specifically, the G20 can downplay the perceived trade-off between efficiency and standards in the MDBs, encourage cooperation on new standards for sustainable or green infrastructure, invest in the Global Connectivity Alliance as a coordinating body for the MDBs and help align the G20 work on infrastructure with the United Nations Sustainable Development Agenda

Infrastructure investments in developing economies the case of Vietnam

CERN Document Server

Dang, Giang

2015-01-01

This book aims to provide knowledge on how infrastructure is planned and built in a typical developing country, and what key variables are there in the system limiting the efficient use of public investments in infrastructure. The book begins with a comprehensive literature review on construction and economic development, and trade and economic development. The focus of the book is on the case of Vietnam, with lessons drawn for other developing economies. The book employs the mixed use of data to provide a stronger basis for analysis and interpretation of related government policies. Based on the research findings, the book recommends significant capacity building work for Vietnam to develop capacities that would remove constraints on the efficient use of public investments in infrastructure. The general principles of significant capacity building work which are useful for policy implications are introduced in the book. Analysts, academics, public and private communities in developing countries can adopt the ...

77 FR 11087 - Applications for New Awards; Investing in Innovation Fund, Development Grants

Science.gov (United States)

2012-02-24

... (e.g., cognitive science, educational psychology), computer science, and personal technology. These... DEPARTMENT OF EDUCATION Applications for New Awards; Investing in Innovation Fund, Development... Information: Investing in Innovation Fund, Development grants Notice inviting applications for new awards for...

DETERMINANTS OF FOREIGN DIRECT INVESTMENT DEVELOPMENT

Directory of Open Access Journals (Sweden)

Elena Chirila - Donciu

2013-12-01

Full Text Available FDI had a strong impact in the last three decades on economic growth, foreign trade and production structures in almost all countries. The purpose of this paper is to analyze the main factors that contribute to attracting foreign direct investment flows and also the competitiveness of the business environment in Romania and its implications on investment decisions and economic growth. Research results show that the presence of FDI goes to those areas that can provide efficiencies investment factors: skilled and qualified labor, educational and research institutions etc..

GREEN INVESTMENT: A STRATEGY FOR SUSTAINABLE ECONOMIC GROWTH AND INVESTMENT

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Jaya Shukla

2014-01-01

Full Text Available Sustainable economic development has become an important area of concern due to climatic change with its long term effects. Climatic change has posed several challenges for economic sustainability of economies. Now major development projects have to comply with international environmental norms. Failure to do so may result in the delay of a project, fines including penalties for environmental damage or charges for remedial action, that affect the viability of a project or the value of any security taken. This paper investigates with help of secondary date using descriptive statistical technique opportunities and challenges of green investment. Here it is developed into suitable model for developing economies for successfully adopting green investment without much cost to their economies. The paper concludes that green investment involving direct investment and portfolio investment in firms adopting and following environmental protection norms will lead to sustainable growth and investment for economy.

Investment attractiveness as a factor in the tourism industry development in Zaporozhye region

OpenAIRE

Анастасія Павлівна Безхлібна

2016-01-01

The article examines the concept of investment attractiveness of the tourism industry in Zaporozhye region; soft and hard impacts of investment attractiveness of the tourism industry in Zaporozhye region are revealed and analyzed. The SWOT-analysis of investment attractiveness of the tourism industry is revealed; recommendations are given for revealed weaknesses and threats to the prospects of tourism development in Zaporozhye region by the attracting investment mechanisms, using SWOT-analysis 

Foreign direct investments and their impact on the economic development of Bosnia and Herzegovina

Science.gov (United States)

Susic, I.; Stojanovic-Trivanovic, M.; Susic, M.

2017-05-01

From the perspective of macroeconomic indicators, investment is a significant determinant of economic development in general, as well as the development indicator of economic entities in the micro segment. Investments are an essential element of any economic policy, because their implementation provides a platform not only for economic development, but also are prerequisite for the stability of economic and social trends. Foreign direct investment plays an important role in the financing of the global economy, and it represents the most frequent feature in financing the national economies of developing countries and countries in transition. Demand for foreign investment in the global market is large, and thus the governments have been conducting many activities in order to create a more favorable environment to attract investors. In this paper, special attention was paid to direct investments in financing the economy on a global scale, their importance for the development of the global economy and the impact of foreign direct investment in the economic development of Bosnia and Herzegovina. The major activities, which are necessary to be done to attract investments in the highest possible volume, have been emphasized. With the use of statistical and quantitative analysis, the paper shows that the inflow of foreign capital is one of the basic prerequisite of economic growth acceleration and that the inflow of foreign capital has a positive impact on the economic development of Bosnia and Herzegovina. By monitoring and analyzing the various instruments of foreign capital inflow, with an emphasis on investment in the free zone and a joint venture with foreign investors, it has been clearly pointed out the fact that they have diverse, but proven positive impact on macroeconomic variables in the economy of Bosnia and Herzegovina.

ACTUAL TRENDS IN THE DEVELOPMENT OF VENTURE INVESTMENT IN RUSSIA

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K. P. Aleksandrova

2014-06-01

Full Text Available Relevance of research topic is related to the significant influence of the venture capital industry on the Russian economy. Innovative development of our country depends mainly on the effective commercialization of research and development, but the technology companies access to financial resources is a key factor in the innovation process . Venture capital plays a major role in this respect: it provides a fast and timely financial support to local entrepreneurs breakthrough ideas and enhances the competitiveness of the Russian economy as a whole. Objective - Analysis of Venture Investment in Russia , identifying issues and current trends in development. In the process, a set of methods has been applied economic and statistical analysis: methods of synthesis, comparison and analysis of economic and statistical information. In the study, it was determined that the current Russian venture market is characterized by an increase in the number of venture capital funds and private equity funds, as well as increasing their capitalization; an increasing number of companies financed, but about 90 % of all investments allocated for funding mature companies and only 10 % - for companies at the venture development stages; Central Federal District continues to firmly hold the leadership of the share of the total investment of all federal districts . Identified the following problems: lack of funding companies in the initial stages of development, infrastructure venture industry, inadequate legislation and taxation system , the problems associated with the protection and registration of intellectual property, the problem of lack of professional management, the lack of a well-functioning stock market, high-tech industries unattractive for investment.Purchase on Elibrary.ru > Buy nowDOI: http://dx.doi.org/10.12731/2070-7568-2014-3-5

Investing in Training and Development. Turning Interest into Capital.

Science.gov (United States)

Pont, Tony

This book, which is intended for individuals responsible for human resource development (HRD) programs, examines a number of issues in turning investments in training and development into human capital and examines ways of making the workplace an arena for development. The following topics are discussed: the nature and role of training and…

Investment innovation trends: Factor-based investing

Directory of Open Access Journals (Sweden)

Sanja Centineo

2017-05-01

Full Text Available This article shows that it can take a long period of time until research knowledge finds its application in practice and get disseminated as innovation trend. Factor-based investing is such an example. Having its developing roots in the nineties, it took more than two decades until this approach was detected by the by investment community. The goal of this article is to recall the definition of factor investing, present its historical evolvement and motivate its recent break-through and current trend among investment practitioners (known also under the notion smart beta. It aims at familiarizing with this investment approach from a practical perspective and highlighting its diversifying benefits in a portfolio context with the potential to outperform the market on risk-adjusted basis.

Place-Based Investment Model of Talent Development: A Proposed Model for Developing and Reinvesting Talents within the Community

Science.gov (United States)

Paul, Kristina Ayers; Seward, Kristen K.

2016-01-01

The place-based investment model (PBIM) of talent development is a programming model for developing talents of high-potential youth in ways that could serve as an investment in the community. In this article, we discuss the PBIM within rural contexts. The model is grounded in three theories--Moon's personal talent development theory, Sternberg's…

Interaction of energetic particles with polymer surfaces: surface morphology development and sputtered polymer-fragment ion analysis

International Nuclear Information System (INIS)

Michael, R.S.

1987-01-01

The core of this thesis is based on a series of papers that have been published or will soon be published in which the various processes taking place in the energetic particle-polymer surface interaction scene is investigated. Results presented show different developments on polymer surfaces when compared to the vast experimental data on energetic particle-metal surface interactions. The surface morphology development depends on the physical characteristics of the polymer. Sputtering yields of fluoropolymers were several orders higher than the sputtering yields of aliphatic and aromatic polymers. Depending on the chemical nature of the polymer, the surface morphology development was dependent upon the extent of radiation-damage accumulation. Fast Atom Bombardment Mass Spectrometry at low and high resolution was applied to the characterization of sputtered polymer fragment ions. Fragment ions and their intensities were used to identify polymer samples, observe radiation damage accumulation and probe polymer-polymer interface of a polymer-polymer sandwich structure. A model was proposed which attempts to explain the nature of processes involved in the energetic particle-polymer surface interaction region

Condition to be fulfill for nuclear energetics to be competitive on the base of 16. Congress WEC in Tokyo, Seminar NG NPP`96 in Warsaw and Conference ENS TOPNUX`96 in Paris; Warunki ekonomicznej konkurencyjnosci energetyki jadrowej w swietle materialow 16. Kongresu WEC w Tokio, Seminarium NG NPP`96 w Warszawie oraz Konferencji ENS TOPNUX`96 w Paryzu

Energy Technology Data Exchange (ETDEWEB)

Marecki, J. [Politechnika Gdanska, Gdansk (Poland)

1997-12-31

The state and developing trends of nuclear energetics have been presented for the period 1970-1990. The economical analysis taking into account actual prices and predicted for near future has been done. The investment and exploitation costs have been discussed and compared with classic methods of energy generation. It has been concluded that nuclear energetics will be one of the most promising options for future development of world energetics when all aspects (economic, technical, ecological) of the problem have been taken into consideration. 10 refs, 6 figs, 6 tabs.

Educational Investments and Economic Development: A Field Study.

Science.gov (United States)

Champaigne, John

A study examined the relationship between educational investments and economic development in the small community of Canandaigua, New York. A field study approach was used to collect data pertaining to the city's population characteristics, income characteristics, economic conditions, unemployment rates, and housing conditions. These data were…

Exogenous stress hormones alter energetic and nutrient costs of development and metamorphosis.

Science.gov (United States)

Kirschman, Lucas J; McCue, Marshall D; Boyles, Justin G; Warne, Robin W

2017-09-15

Variation in environmental conditions during larval life stages can shape development during critical windows and have lasting effects on the adult organism. Changes in larval developmental rates in response to environmental conditions, for example, can trade off with growth to determine body size and condition at metamorphosis, which can affect adult survival and fecundity. However, it is unclear how use of energy and nutrients shape trade-offs across life-stage transitions because no studies have quantified these costs of larval development and metamorphosis. We used an experimental approach to manipulate physiological stress in larval amphibians, along with respirometry and 13 C-breath testing to quantify the energetic and nutritional costs of development and metamorphosis. Central to larval developmental responses to environmental conditions is the hypothalamic-pituitary-adrenal/interrenal (HPA/I) axis, which regulates development, as well as energy homeostasis and stress responses across many taxa. Given these pleiotropic effects of HPA/I activity, manipulation of the HPA/I axis may provide insight into costs of metamorphosis. We measured the energetic and nutritional costs across the entire larval period and metamorphosis in a larval amphibian exposed to exogenous glucocorticoid (GC) hormones - the primary hormone secreted by the HPA/I axis. We measured metabolic rates and dry mass across larval ontogeny, and quantified lipid stores and nutrient oxidation via 13 C-breath testing during metamorphosis, under control and GC-exposed conditions. Changes in dry mass match metamorphic states previously reported in the literature, but dynamics of metabolism were influenced by the transition from aquatic to terrestrial respiration. GC-treated larvae had lower dry mass, decreased fat stores and higher oxygen consumption during stages where controls were conserving energy. GC-treated larvae also oxidized greater amounts of 13 C-labelled protein stores. These results

Trends of development of social responsible investment in Ukraine: accounting principles

Directory of Open Access Journals (Sweden)

Rudeychuk S.V.

2017-08-01

Full Text Available The research is devoted to the study of the features and trends of the development of socially responsible investment in Ukraine. The main objective of the study of social responsibility issues is to systematize and study the prospects for the development and evaluation of corporate social responsibility in Ukraine, as well as to study the peculiarities of its accounting reflection in the accounting system. In the course of the study, the current state of social projects in Ukraine was studied, as well as the main obstacles and perspectives of the development of socially responsible investment in Ukraine. The research defines the features of socially responsible investment in order to identify the main areas of improvement of the information provision of formation of social reporting indicators. The article proposes the bookkeeping for directions of enterprise’s social activity in clearly defined accounts of accounting, regardless of the level of its regulation, followed by the development of analytical sections of accounting in the relevant areas of social policy.

Kyoto Protocol implementation in Serbia as precognition of sustainable energetic and economic development

International Nuclear Information System (INIS)

Golusin, Mirjana; Munitlak Ivanovic, Olja

2011-01-01

The paper gives reasons for low energy efficiency typical of the Serbian economy, which is based on outdated and dirty technologies. The comparison of selected economic indicators and indicators of energy efficiency in both Serbia and the European Union points out the benefits of the Kyoto Protocol implementation due to the growth of competitiveness in the global market. Serbia has no obligation to reduce GHG emissions, the authors point to the proposals whose implementation along with the mechanisms of the Protocol can enable Serbia the access to markets that trade GHG emissions and the access to dedicated funds, self-financing or attracting foreign investments to raise energy efficiency, which will be accompanied by adequate economic benefits. A similar principle can be applied in all countries that are not obliged to reduce GHG emissions. The application of different mechanisms aiming to increase energy efficiency in Serbia, could contribute to the increase of GDP annual growth rate from 5% to 7%, which cannot be achieved by any other economic instrument. Energy efficiency, which is actually a question of competitiveness of each economy, can finance itself through the mechanisms of the Kyoto Protocol by selling excess emissions resulting from improved energy efficiency. - Research highlights: → Serbia is a country with the outdated technology and low energy efficiency values. → Sustainable economic and energetic growth can be stirred by inserting Kyoto Protocol. → By investing in modern technology Serbia could lessen emission into the atmosphere. → Cut of emission in the atmosphere could help reaching certain carbon credit values. → By selling the carbon credit Serbia could do economic growth of 5-7% on a year level.

Parenting Style as an Investment in Human Development

OpenAIRE

Cobb-Clark, Deborah A.; Salamanca, Nicolas; Zhu, Anna

2016-01-01

We propose a household production function approach to human development in which the role of parenting style in child rearing is explicitly considered. Specifically, we model parenting style as an investment in human development that depends not only on inputs of time and market goods, but also on attention, i.e. cognitive effort. Socioeconomic disadvantage is linked to parenting style and human development through the constraints that it places on cognitive capacity. Our model finds empiric...

Foreign direct investment and economic growth in developing ...

African Journals Online (AJOL)

It has been widely claimed that foreign direct investment (FDI) stimulates economic growth. In this study, an attempt is made to verify this for ten selected Sub-Saharan African (SSA) countries using data spanning from 2008 to 2013 obtained from world development indicators. Preliminary analysis conducted indicates that ...

Are Foreign Investments Replacing Domestic Investments? - Evidence from Finnish Manufacturing

OpenAIRE

Oksanen, Olli-Pekka

2006-01-01

This study analyses the relationship between firms’ foreign and domestic investments using a panel dataset containing 218 Finnish manufacturing firms during the years 1998-2002. The study examines whether foreign investments increase or decrease domestic investments and whether the effect varies between investments directed to developed markets or emerging markets. Financial constraints’ effect on the relationship is also investigated. The empirical part estimates an empirical investment equa...

Attracting Foreign Direct Investment for Growth and Development in ...

African Journals Online (AJOL)

Foreign Direct Investment (FDI) plays an important role in fostering economic growth ... growth and development efforts, it also brings with it skills and new technology. ... Malaysia, Thailand and China, FDI inflows into sub-Saharan Africa pale.

Determinants of Foreign Direct Investments Outflow From a Developing Country: the Case of Turkey

Directory of Open Access Journals (Sweden)

Gokhan Onder

2013-09-01

Full Text Available Foreign direct investments (FDI outflows of Turkey have remarkably been raising over the last decade. This rapid increase brings about the need for questioning the determinants of FDI outflows. The aim of this paper is to estimate the factors affecting outflow FDI from Turkey from 2002 to 2011 by using Prais-Winsten regression analysis. According to estimation results, population, infrastructure, percapita gross domestic product of the host country, and home country exports to the host country are the factors having positive effects on outflow FDI. We found, on the other hand, that the annual inflation rate of the host country, its tax rate collected from commercial profit, and its distance from Turkey have a negative relation with investment outflows. Moreover our results show that while investment outflows to developed countries are in the form of horizontal investments, investment outflows to developing countries are in the form of vertical investments.

12 CFR 208.22 - Community development and public welfare investments.

Science.gov (United States)

2010-01-01

... economic development; (D) Investing in, developing, or otherwise assisting job training or placement... entity located in a low- or moderate-income area if the entity creates long-term employment opportunities... company itself in satisfaction of a debt previously contracted. ...

DIFFERENT ARGUMENTS FOR AND AGAINST THE ROLE AND IMPACT OF FOREIGN INVESTMENT ON THE DEVELOPMENT POTENTIALS OF DEVELOPING COUNTRIES: AN OVERVIEW

Directory of Open Access Journals (Sweden)

HÜSEYİN ŞEN

2013-05-01

Full Text Available This study explores different arguments for and against the role of foreign investment on the development potentials of developing countries. Generally, foreign investment comes to host countries through transnational corporatios (TNCs. These corporations are global profit-seeking organisations, investing in more than one country and supplying financial capital, management, technology and marketing enterprise. The arguments for and against the role and impact of foreign investment focus mainly on the following areas: economic growth, technology transfer, balance of payments, export performance, employment, environment, and transfer pricing as well as socio-cultural aspects of TNCs. The study concludes that with the appropriate government policies, such as unbiased trade regime, market reform and cooperation, developing countries could provide more benefits from foreign investment.

U.S. energy research and development: Declining investment, increasing need, and the feasibility of expansion

International Nuclear Information System (INIS)

Nemet, Gregory F.; Kammen, Daniel M.

2007-01-01

Investment in energy research and development in the U.S. is declining despite calls for an enhancement of the nation's capacity for innovation to address environmental, geopolitical, and macroeconomic concerns. We examine investments in research and development in the energy sector, and observe broad-based declines in funding since the mid-1990s. The large reductions in investment by the private sector should be a particular area of concern for policy makers. Multiple measures of patenting activity reveal widespread declines in innovative activity that are correlated with research and development (R and D) investment-notably in the environmentally significant wind and solar areas. Trends in venture capital investment and fuel cell innovation are two promising cases that run counter to the overall trends in the sector. We draw on prior work on the optimal level of energy R and D to identify a range of values which would be adequate to address energy-related concerns. Comparing simple scenarios based on this range to past public R and D programs and industry investment data indicates that a five to ten-fold increase in energy R and D investment is both warranted and feasible

Segregation and redistribution of end-of-process energetic materials

International Nuclear Information System (INIS)

McCabe, R.A.; Cummins, B.; Gonzalez, M.A.

1993-03-01

A system recovering then recycling or reusing end-of-process energetic materials has been developed at the Lawrence Livermore National Laboratory (LLNL). The system promotes separating energetic materials with high potential for reuse or recycling from those that have no further value. A feature of the system is a computerized electronic bulletin board for advertising the availability of surplus and recovered energetic materials and process chemicals to LLNL researchers, and for posting energetic materials, ''want ads.'' The system was developed and implemented to promote waste minimization and pollution prevention at LLNL

Valuation issues in lesser developed countries: Investment opportunities

International Nuclear Information System (INIS)

Clements, P.J.

1992-01-01

Privatization has become the buzzword of the early 1990s, as all over the world governments are selling off their assets. Monopolistic utilities such as gas, water and waste disposal - but particularly electric - are prime assets for sale because their cash flows and competitive environment are reasonably predictable. Utility privatization in lesser developed countries (LDC) is giving rise to many new investment opportunities where predictions of high growth rates lead to anticipation of lucrative returns. Potential investors, however, should fully exercise the concept of caveat emptor: let the buyer beware. Coupled with these lucrative returns are risks arising from less stable political and economic conditions. possible market inefficiencies, and potentially high transaction costs. This article explores the central issues involved in valuing privatization investment opportunities in LDCs and performing requisite due diligence reviews

Investment Avenues

Science.gov (United States)

Jain, Priyanka

2012-11-01

Investors are a heterogeneous group, they may be large or small, rich or poor, expert or lay man and not all investors need equal degree of protection (Mayya, 1996). An investor has three objectives while investing his money, namely safety of invested money, liquidity position of invested money and return on investment. The return on investment may further be divided into capital gain and the rate of return on investment as interest or dividend. Among all investment options available, securities are considered the most challenging as well as rewarding. Securities include shares, debentures, derivatives, units of mutual funds, Government securities etc. An investor may be an individual or corporate legal entity investing funds with a view to derive maximum economic advantage from investment such as rate of return, capital appreciation, marketability, tax advantage and convenience of investment.The Capital market facilitates mobilization of savings of individuals and pools them into reservoir of capital which can be used for the economic development of a country. An efficient capital market is essential for raising capital by the corporate sector of the economy and for the protection of the interest of investors in corporate securities. There arises a need to strike a balance between raising of capital for economic development on one side and protection of investors on the other. Unless the interests of investors are protected, raising of capital, by corporates is not possible. Like, the primary objective of a senior citizenís asset allocation is the generation of regular income.

The investment policy and regional development of Serbia in the transition period

Directory of Open Access Journals (Sweden)

Aničić Jugoslav

2011-01-01

Full Text Available Our country can compensate the lagging in the economic development in relation to the EU countries as well as to the countries of the region only by increasing the economy's competitiveness, depending to a great extent on the possibilities of the economic entities investment in improving the attributes of the existing and development of new products and services, as well as on introducing modern technology and technological procedures. The transition program conducted by former socialist countries was highly based on foreign direct investments (FDI enabling these countries the successful inclusion into global flows of international production and overall economy. In this paper the possibilities and sources of our economy investing will be analyzed and the influence on enhancement of the overall and regional competitiveness of the companies as a necessary condition for increasing the export and the overall economic development of the country.

Development of Investment Strategy Applying Corporate Social Responsibility

Directory of Open Access Journals (Sweden)

Jekaterina Kuzmina

2017-12-01

Full Text Available Purpose of the article: Due to globalization processes and technological development, companies are having more influence on global society than ever. Therefore, business misconduct causes enormous harm to stakeholders, whereas ethical behavior is becoming an important issue. The goal of the following study is to verify and measure a positive effect from investments in social activities on financial attractiveness of companies in the form of its stock portfolio value growth. Methodology/methods: In order to achieve the goal of the research, quantitative analysis is used by comparing performance of stock portfolio of companies having long-term investments in social activities with market index increment. The quantitative results are accompanied with the review of corporate social responsibility definition and some practical issues on governmental and corporation level. Scientific aim: The conducted research contributes both to the scientific discussion about development of appropriate investment strategy in companies applying CSR principles as well as to the discussion of related terminology used in the field. Findings: The research has shown that engagement in the CSR activities tends to have strong positive effect on companies’ financial results and investors’ financial performance. The research proves this fact by comparing value increment of CSR-portfolio (+35.99% gained from January 2015 to March 2017 with market index (+22.37% in the same period. Conclusions: Regardless the positive result achieved in the study the authors have determined several gaps in the research, which will be discussed in the further studies on the field.

Joint development of China's medium/small hydropower projects with international investment

International Nuclear Information System (INIS)

Xiaozhang, Z.

1991-01-01

A general profile of development of small and medium hydropower in China, is described at first. The socio-economic impacts as well as direct financial benefit will then be analyzed. A prospective view of medium/small hydro development for year 2,000 leads to a description of needs for foreign investment in this field. Following the adoption of open policy, a series of regulations for joint venture with foreign investment have been stipulated by the government, and are briefly illustrated. Future prospect is predicted on the basis of past experiences and planning for the next decade. 3 tabs

DEVELOPMENT POLICY AND INVESTMENT PROJECTS ASSESSMENT IN THE SECTOR OF SME IN SERBIA

OpenAIRE

JUGOSLAV ANIČIĆ; DUŠAN ANIČIĆ; DALIBOR PAVLOVIĆ; RATKO GARIĆ; VESNA PETROVIĆ

2016-01-01

The problems of rational investing, in other words efficient planning and realization of investment projects, are among key problems in development of every enterprise. For successful realization of business plans, enterprise should make use of its internal strengths and available resources from surroundings, and turn them into its competitive advantage. Small and medium enterprises in Serbia are facing low liquidity and a lack of their own funds for investing into long-term and d...

Energetic Systems

Data.gov (United States)

Federal Laboratory Consortium — The Energetic Systems Division provides full-spectrum energetic engineering services (project management, design, analysis, production support, in-service support,...

[Provision of integrity and reliability in hygienic examination of investment projects for human capital development].

Science.gov (United States)

Tarkhov, P V; Matsenko, A M; Krugliak, A P; Derkach, Zh V

2012-01-01

To reach normal competitiveness in world division of labour, investment projects should stimulate development of human capital towards advance of modern technologies and organizational development of all types of labour. At present time there are only separate calculations of certain types of people's health damage and completely disparate matters of damage compensation exceptionally for chemical contamination effects. The purpose of the paper is development of algorithms to provide hygienic welfare of human capital in investment projects. For this purpose in investments assessment and hygienic examination it is necessary to apply complete and comprehensive (systematic) evaluation of all factors that influence human capital welfare and practical hygienic and research institutions should be focused on systematic elimination of possible dangers and risks of investment projects.

Exploitation of geothermal energy as a priority of sustainable energetic development in Serbia

International Nuclear Information System (INIS)

Golusin, Mirjana; Bagaric, Ivan; Ivanovic, Olja Munitlak; Vranjes, Sanja

2010-01-01

The actual global economic crisis, including all other well-known problems of sustainable development, reflects the direction of development of all countries in the world. Serbia, as a European country in its early stage of development, is trying to synchronize its progress with experience of other countries from the field of sustainable development and in accordance with rules in the field of energetic and energetic efficiency, and, as well as to promote and develop the sector of use of renewable sources of energy. On the other hand, Serbia is a country which largely depends on import of all forms of energy, which to a great extent affects its economic stability. Therefore, in Serbia the strategy for development of energetic was imposed and it considers all the aspects of development of energetic until 2015 and it also defines the priorities which can be mostly seen in the choice of forms of alternative sources of energy. These sources, based on some criteria, can be considered the most convenient for a gradual substitution of energy which is gotten from the conventional sources. Taking into account strategically defined goals and domestic potentials which are at disposal, as well as economic parameters, an alternative source of energy of basic importance for the future exploitation on the territory of Serbia geothermal energy, was chosen. The research points to the fact that Serbia will be capable to respond adequately to Kyoto protocol demands and to the European rules regarding the substitution of a certain amounts of fossil fuels by the fuel origin from the raw biological materials. The research defines the existent and non-existent capacities and the assessment of positive effects of usage of geothermal energy. At the moment, 160 long holes are being exploited whose water temperature is around 60 C (140 F) and their heat power reach 160 MJ/s. It was stated that adequate exploitation of existing and new geothermal sources a yearly would save about 500,000 tons

The financial management as a tool for development investment decision

Directory of Open Access Journals (Sweden)

Damnjanović Radovan M.

2017-01-01

Full Text Available Investment decisions, which influence the investment of financial resources to achieve economic, non-economic, or of both objectives and effects in the future, the central subject of financial management. Using the methods of financial mathematics can predict the effects of the investment which is from the standpoint of efficiency ratings are expressed in the form of cash future income. Periods, the investments and the use of investment, may be the same or different lengths. From an economic standpoint it is desirable that the period of the investment is short, and the economic effects of the eyelids investments as long as possible. For an investment is said to be cost-effective or cost-effective if the current value of the investment is less than the present value of income from investments.

Electricity investments and nuclear development: investment choice modeling based on value creation

International Nuclear Information System (INIS)

Tehrani, B.S.; Bocquer, J.C.; Tomoda, T.

2014-01-01

While nuclear power may experience a technological breakthrough in Europe with Generation IV nuclear reactors within 2040, several events could question this possibility such as the Fukushima accident, the climate issues and the electricity market liberalization. This paper aims at analyzing investment choices in power generation capacities in the European scope, using simple DSM-inspired approaches. The power company and interacting stake holders in the investment choice process are considered as a complex system, and dependencies between investment drivers associated with each stake holder are studied. Focusing on the value for the power company, the compatibility of each power company with each of considered technologies is assessed through a Domain Mapping Matrix, including not only technical drivers, but also associated policy and market drivers. Technology preferences are modeled for main European companies in a set of scenarios, these preferences being then used to explore trends in generation mix. (authors)

Investing in human and natural capital. An alternative paradigm for sustainable development in Awassa, Ethiopia

International Nuclear Information System (INIS)

Reynolds, Travis W.; Farley, Joshua; Huber, Candice

2010-01-01

Ethiopia remains underdeveloped due to limitations in natural, human, social and built capital. A 2006 scientific atelier conducted in the city of Awassa, Ethiopia investigated investments in human and natural capital as a sustainable development strategy. Local stakeholders identified firewood shortages, degradation of croplands, rising lake levels encroaching on croplands and poor water quality as major impediments to development. They further identified ecological degradation as a key component of these problems, and they acknowledged multiple vicious cycles compounding the environmental and economic threats to the Awassa community. Proposed solutions included investment in natural capital in the form of reforestation activities, investment in human capital in the form of promoting more efficient wood stoves along with increasing public awareness of environmental threats, and investments in social capital in the form of inter-institutional coordination to address environmental problems. All recommended investments rely primarily on national resources, in distinct contrast to the extensive imports required for most built capital investments. Unfortunately, Awassa lacks the surplus necessary for major capital investments of any kind. The atelier therefore helped local participants identify potential funders and write grant proposals for various projects, though none have been funded so far. Reversing the ecological degradation on the scale necessary for sustained economic development in Ethiopia however will require a steady flow of substantial investments, and cannot rely solely on the short term generosity of funders. International payments for carbon sequestration and other ecosystem services could help provide the necessary resources. (author)

Investing in human and natural capital. An alternative paradigm for sustainable development in Awassa, Ethiopia

Energy Technology Data Exchange (ETDEWEB)

Reynolds, Travis W. [Evans School of Public Affairs, University of Washington, Seattle, Washington, 98195 (United States); Farley, Joshua [Gund Institute for Ecological Economics and Department of Community Development and Applied Economics, University of Vermont, Burlington, Vermont, 05405 (United States); Huber, Candice [UVM Agricultural Extension Service, University of Vermont, Burlington, Vermont, 05405 (United States)

2010-09-15

Ethiopia remains underdeveloped due to limitations in natural, human, social and built capital. A 2006 scientific atelier conducted in the city of Awassa, Ethiopia investigated investments in human and natural capital as a sustainable development strategy. Local stakeholders identified firewood shortages, degradation of croplands, rising lake levels encroaching on croplands and poor water quality as major impediments to development. They further identified ecological degradation as a key component of these problems, and they acknowledged multiple vicious cycles compounding the environmental and economic threats to the Awassa community. Proposed solutions included investment in natural capital in the form of reforestation activities, investment in human capital in the form of promoting more efficient wood stoves along with increasing public awareness of environmental threats, and investments in social capital in the form of inter-institutional coordination to address environmental problems. All recommended investments rely primarily on national resources, in distinct contrast to the extensive imports required for most built capital investments. Unfortunately, Awassa lacks the surplus necessary for major capital investments of any kind. The atelier therefore helped local participants identify potential funders and write grant proposals for various projects, though none have been funded so far. Reversing the ecological degradation on the scale necessary for sustained economic development in Ethiopia however will require a steady flow of substantial investments, and cannot rely solely on the short term generosity of funders. International payments for carbon sequestration and other ecosystem services could help provide the necessary resources. (author)

Power development- private investment and initiatives

International Nuclear Information System (INIS)

Gupta, B.P.

1995-01-01

In the context of paucity of resources with Central/State public sector companies and to bridge the gap between rapidly growing demand for electricity and supply, a policy to encourage greater investments by private enterprises in the power sector with the objective of mobilizing additional resources for capacity addition in power generation and distribution, had been formulated in 1991 and is currently under implementation. The policy also allows liberal capital structuring and an attractive return on investment

Corporate Investments in Asian Emerging Markets: Financial Conditions, Financial Development, and Financial Constraints

OpenAIRE

Wang, Jianxin; Gochoco-Bautista, Maria Socorro; Sotocinal, Noli

2013-01-01

Motivated by the literature on the finance–growth nexus, this paper explores the mechanisms through which finance affects corporate investments and capital accumulation. We separate the effects of financial conditions from those of financial development. Based on a sample of firms from five Asian emerging economies, we find that (1) financial conditions and financial development affect corporate investments through different channels. Financial conditions affect firms' growth opportunities an...

Factors Attributing to Outwards Direct Investments from Developing Countries to Developed Countries: Evidence from China and India

Directory of Open Access Journals (Sweden)

Diyah Ayu Amalia Avina

2016-12-01

Full Text Available The purpose of this research is to explore the growing trend of outward foreign direct investments (OFDIs from developing countries to developed countries. Market-seeking and strategic asset explorations are the main motivations for conducting OFDIs in developed countries. Meanwhile, cross-border greenfield investments and cross-border mergers and acquisitions are the main entry strategies used by developing countries when penetrating the developed markets. Finally, this paper reveals mixed results about the explaining ability of John Dunning’s International Development Path (IDP theory on the patterns of selected developing markets' OFDIs to developed countries. On the one hand, China’s OFDIs follow the paths in the IDP theory. On the other hand, those of India do not confirm so.

Investment casting: parameters, application and recent development

International Nuclear Information System (INIS)

Zaid, A.I.O.

2007-01-01

Investment casting process, also referred to as the lost wax method and as precision casting, has been known for more than 6000 years. However, industry paid little attention to the process until the urgent military demands of World War 1 overtaxed the machine tool industry and short cuts were then needed to provide finished tools and precision parts, avoiding time-consuming in machining and assembly. The use of the process for the production of commercial casting has grown in the second half of the 20th century. The process is highly flexible and can handle great variety of parts which are difficult or even not possible to be produced by forging or other casting methods. In this paper, the investment casting process, its applications, advantages and limitations together with the parameters affecting it as related to pattern material, cluster, slurry and molten metal are given and discussed. Furthermore, the recent developments in the process particularly in manufacturing parts made of superalloys e.g nickel-base alloys are given and discussed. The striking fact that the process has advanced further in the last 60 years than it has in the previous 6000 years ensures that in the coming years of this century development in the process and its application will continue to advance in the interest of achieving higher quality and precision which can meet the critical performance standards being imposed. (author)

DEVELOPMENT POLICY AND INVESTMENT PROJECTS ASSESSMENT IN THE SECTOR OF SME IN SERBIA

Directory of Open Access Journals (Sweden)

JUGOSLAV ANIČIĆ

2016-02-01

Full Text Available The problems of rational investing, in other words efficient planning and realization of investment projects, are among key problems in development of every enterprise. For successful realization of business plans, enterprise should make use of its internal strengths and available resources from surroundings, and turn them into its competitive advantage. Small and medium enterprises in Serbia are facing low liquidity and a lack of their own funds for investing into long-term and development projects. Therefore, investment projects are conducted with a high participation of loaned funds, mainly credits, with high interest rates and short terms for paying back. The sector of small enterprises makes numerous mistakes when creating financial plans. Enterprises don’t understand basic parameters of revenues, especially which leverage points manage revenues, and revenues, themselves, are set on a too optimistic level. The time necessary to create revenues is also underestimated. In projections, many significant cost items are underestimated, and some costs are overlooked, which, inevitably, leads to liquidity problems. Needed cash funds are not acquired quickly, so the consequence is a negative cash flow, with all negative consequences in the later life of an enterprise. Such situation dictates necessity of additional caution when assessing investment projects' profitability because investment failures cause large negative consequences, both for an enterprise and a wider area or branch in which it functions. For the assessment of its investment projects small enterprises must use dynamic methods which take time value of money into consideration and which contribute to a better control of cash flows and liquidity of an enterprise.

Development Finance Institutions’ Effect on The Fund Manager’s Investment Decisions : Balancing Financial Performance Goals and Development Impact Objectives

OpenAIRE

Adolfssson, Alexander; Åström, Marie

2016-01-01

Development Finance Institutions (DFIs) have played a crucial role in moving socially responsibility considerations up on the private equity industry’s agenda. DFIs add a development impact criterion to traditional financial performance goals in the investment industry and play a catalytic role by mobilizing other investors. The gap in research regarding DFIs implications and significance in the investment community from a SRI perspective is evident. The development impact objective introduce...

eHealth and Global Health: Investments Opportunities and Challenges for Industry in Developing Countries

Science.gov (United States)

Iluyemi, Adesina; Briggs, Jim

eHealth investments from developed countries to developing countries are expected to follow the emerging trend of eHealth for meeting global health problems. However, eHealth industry from developed countries will need to learn to make this impending venture a ‘win-win’ situation with profitable return on investments. This short paper highlights some of these challenges that must be overcome in order to achieve these objectives.

Investment Strategy and Efficiency of Investment Activity of European Insurers

Directory of Open Access Journals (Sweden)

Zhabynets Olga Yo.

2014-02-01

Full Text Available The article studies investment strategy and efficiency of investment activity of European insurance companies. In particular, it analyses the share of investments of insurance companies of Europe in GDP, investment portfolio of European insurers and its structure, contribution of insurance companies – leaders of investment activity – into the European investment portfolio. It studies influence of the financial crisis upon investment strategy of European insurers and analyses efficiency of investment activity of European insurers in risk insurance and life insurance. The article proves that investment business models of insurance companies are capable of resisting crisis phenomena more efficiently than other financial institutions. It marks out that measures of insurance companies that are directed at increase of profitability of investments require from them both significant expenditures on creation of the system of investment risk management and open access to different categories of financial assets and markets, which influences the general risk level, taken upon by an insurance company. The author draws a conclusion that, taking into account recent developments, European insurers should focus on equity and investment risk management, finding new possibilities for their (investments growth and also adaptation of new systems and operations for solution of these important tasks.

EXTENSIVE ROLE OF FOREIGN DIRECT INVESTMENT IN DEVELOPMENT OF INDIAN ECONOMY

Directory of Open Access Journals (Sweden)

Amit Saini

2016-12-01

Full Text Available Since 2001, the extensive growth in domestic economy were potentially associated with the scale of foreign direct inflows that were largely interconnected with industrial growth, re-shuffling investment policies, and availability of large market size in India. However, the government remained much restrictive earlier in these issues to protect the domestic entrepreneurs along with to promote the self-efficacy among individuals. Within this framework, this paper is being prepared to observe the degree of effect of foreign direct investment inflow over successive economic parameters such as gross domestic product and Export. Moreover, to define such interconnection, the generalized linear model econometric model has been developed to analyze the overall effect and uni-variate effect over three categorical factors i.e. country, year and foreign direct investment itself. Finally, the results shown, the consistent foreign direct investment inflows is the result of successive years that led to increase the prestige of gross domestic products and Export in many folds during a period from 2000 to 2012.

A new methodology for minimizing investment in the development of offshore fields

International Nuclear Information System (INIS)

Garcia-Diaz, J.C.; Startzman, R.; Hogg, G.L.

1996-01-01

The development of an offshore field is often a long, complex, and extremely expensive undertaking. The enormous amount of capital required for making investments of this type motivates one to try to optimize the development of a field. This paper provides an efficient computational method to minimize the initial investment in the development of a field. The problem of minimizing the investment in an offshore field is defined here as the problem of locating a number of offshore facilities and wells and allocating these wells to the facilities at minimum cost. Side constraints include restrictions on the total number of facilities of every type and design and various technology constraints. This problem is modeled as a 0/1 integer program. The solution method is based on an implicit enumeration scheme using efficient mathematical tools, such as Lagrangian relaxation and heuristics, to calculate good bounds and, consequently, to reduce the computation time. The solution method was implemented and tested on some typical field-development cases. Execution times were remarkably small for the size and complexity of the examples. Computational results indicate that the new methodology outperforms existing methods both in execution time and in memory required

Return on investment in healthcare leadership development programs.

Science.gov (United States)

Jeyaraman, Maya M; Qadar, Sheikh Muhammad Zeeshan; Wierzbowski, Aleksandra; Farshidfar, Farnaz; Lys, Justin; Dickson, Graham; Grimes, Kelly; Phillips, Leah A; Mitchell, Jonathan I; Van Aerde, John; Johnson, Dave; Krupka, Frank; Zarychanski, Ryan; Abou-Setta, Ahmed M

2018-02-05

Purpose Strong leadership has been shown to foster change, including loyalty, improved performance and decreased error rates, but there is a dearth of evidence on effectiveness of leadership development programs. To ensure a return on the huge investments made, evidence-based approaches are needed to assess the impact of leadership on health-care establishments. As a part of a pan-Canadian initiative to design an effective evaluative instrument, the purpose of this paper was to identify and summarize evidence on health-care outcomes/return on investment (ROI) indicators and metrics associated with leadership quality, leadership development programs and existing evaluative instruments. Design/methodology/approach The authors performed a scoping review using the Arksey and O'Malley framework, searching eight databases from 2006 through June 2016. Findings Of 11,868 citations screened, the authors included 223 studies reporting on health-care outcomes/ROI indicators and metrics associated with leadership quality (73 studies), leadership development programs (138 studies) and existing evaluative instruments (12 studies). The extracted ROI indicators and metrics have been summarized in detail. Originality/value This review provides a snapshot in time of the current evidence on ROI indicators and metrics associated with leadership. Summarized ROI indicators and metrics can be used to design an effective evaluative instrument to assess the impact of leadership on health-care organizations.

Foreign Direct Investment and Economic Growth in Developing

African Journals Online (AJOL)

Prof

investments involving transfer of assets, including financial capital, advanced .... different impacts across sectors, estimation results showed that the composition ... Investment, Population, Inflation rate, Natural Resource Rent and Interest rate,.

Inflation and Indivisible Investment in Developing Economies

OpenAIRE

Eden, Maya; Nguyen, Ha

2014-01-01

In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment as it increases the cost of accumulating retained earnings. This paper formalizes this argument in a dynamic framework and provides a simple calibration...

A combined energetic and economic approach for the sustainable design of geothermal plants

International Nuclear Information System (INIS)

Franco, Alessandro; Vaccaro, Maurizio

2014-01-01

Highlights: • Exploitation of medium to low temperature geothermal sources: ORC power plants. • Integrated energetic and economic approach for the analysis of geothermal power plants. • A brief overview of the cost items of geothermal power plants. • Analysis of specific cost of geothermal power plants based on the method proposed. • Analysis of sustainability of geothermal energy systems based on resource durability. - Abstract: The perspectives of future development of geothermal power plants, mainly of small size for the exploitation of medium–low temperature reservoirs, are discussed and analyzed in the present paper. Even if there is a general interest in new power plants and investments in this sector are recognized, the new installations are reduced; the apparent advantage of null cost of the energy source is negatively balanced by the high drilling and installation costs. A key element for the design of a geothermal plant for medium temperature geothermal source is the definition of the power of the plant (size): this is important in order to define not only the economic plan but also the durability of the reservoir. Considering that it is not possible that the development of geothermal industry could be driven only by an economic perspective, the authors propose a method for joining energetic and economic approaches. The result of the combined energetic and economic analysis is interesting particularly in case of Organic Rankine Cycle (ORC) power plants in order to define a suitable and optimal size and to maximize the resource durability. The method is illustrated with reference to some particular case studies, showing that the sustainability of small size geothermal plants will be approached only if the research for more economic solutions will be combined with efforts in direction of efficiency increase

INVESTMENTS AND SERVICES ON THE RURAL DEVELOPMENT IN ROMANIA

Directory of Open Access Journals (Sweden)

Popa Ana

2013-04-01

Full Text Available The article started with the modern connection observed between sectors in EU -primary, secondary and tertiary- on rural areas, where agriculture becomes essential. First, this connection is manifested in Romania under the impact of the main directions of the Common Agricultural Policy (CAP during 2014-2020, namely: a more market-oriented production, but also related to the public, promoting food security, while considering environmental issues and, in addition, achieve cooperation and alignment to the European Economic Area, including equality in European funding. Secondly, there is a dedicated rural development policy, which is supported by a series of investments, but imposed a number of directions that will lead to the expansion of tertiary sector measures, marketing, tourism, ecology, and promoting social inclusion, poverty reduction and economic development in rural areas. Other influences are generated by foreign direct investments-FDI in rural areas. The conclusion is based on the fragility of the rural sector in Romania, compared to other European countries and highlights specific areas of interest of stakeholders for the following issues: improving policies and decisions, access to markets, infrastructure development, access to financial services, access to knowledge, services innovation and risk reduction.

RUSSIAN INDUSTRY INVESTMENT SITUATION

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O. V. Pochukaeva

2011-01-01

Full Text Available The actual deficiency of investment into Russian industry innovative development increases its technological drag from industries of countries with developed markets. Although the rate of investment into real sectors of Russian economics mid 2000 was higher compared to the previous period, annual investment amounts were much lower than in 1990. At present, highest investment amounts are directed to industry extractive branches and to the commerce. Amounts invested to various economy branches do not correspond to their contribution to the country’sGross Added Product; particularly underinvested are manufacturing industry branches. At present, foreign share in the country economy total investment makes 15–18%. Recently, most interesting for foreigners was investment to machine-building branches with overwhelming part (for example, 90% in 2007–2008 of foreign investment into the machine-building industry being directed to creation of new automobile plants. Today, first place in the list of foreign investors’ preferences in Russia is taken by the machine-tool construction sector.

Assessing the impact of road transport infrastructure investment on economic development in South Africa

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Anathi Hlotywa

2017-09-01

Full Text Available Background: There has been considerable decline in the investment on road transport infrastructure in recent times, as a result of the dwindling economic investment owing to lowering gross domestic product (GDP since 2009. Objective: The objective of this study was to examine the relationship between road transport investment (ROTI and economic development (ED in South Africa. This article adopts the Harrod–Domar (HD model of economic growth and development theory, endogenous growth theory and Solow–Swan neoclassical growth model. Method: Data were derived from the South African Reserve Bank, Quantec database and Statistics South Africa (StatsSA between 1990 and 2014. It used time series, econometric models cointegration and vector error correction model (VECM to analyse. Result: The results of the estimation demonstrate that the explanatory variables account for approximately 86.7% variation in ED in South Africa. Therefore, there exists a positive relationship between ROTI and ED. Conclusion: This study established a long-run relationship between phenomena and demonstrates the role of road transport investment on economic development in South Africa.

Exploring future hydrogen development and the impact of policy: A novel investment-led approach

International Nuclear Information System (INIS)

Houghton, T.; Cruden, A.

2011-01-01

It is generally recognised that the primary tools being utilised today for hydrogen energy forecasting and policy development take a least-cost approach. While useful for comparing the viability of different technologies from a cost perspective, it is argued that these models fail to capture the potential value contribution such technologies could offer companies and, in consequence, the likelihood of their receiving investment. The authors propose a novel model for forecasting the deployment of hydrogen energy systems based on a company value maximisation approach designed to assist governments in the development of appropriate policy instruments. In this paper a theoretical relationship between market sector valuations and investment activity is presented using 3 value metrics, namely net present value (NPV), earnings per share (EPS) and sum of the parts (SOP). It is shown that, as the electricity and transport fuel markets begin to converge, examination of the effects of different policy measures through the value-led model can highlight otherwise hidden counter incentives. The model further recognises that the propensity to invest in hydrogen differs according to the characteristics of the company looking to make the investment and the implications for policy-makers regarding levels of support are also discussed in the paper. - Research highlights: → A novel approach to forecasting energy market development is proposed. → Approach based on analysis of value contribution of investment opportunities. → Model applied to the potential hydrogen energy market in Scotland. → Reveals potential inadequacy of assessing market development based on levelised cost alone. → Highlights relevance of investor company performance in assessing market development.

Global energy - investment requirements. A presentation of the world energy investments outlook 2003 - insights

International Nuclear Information System (INIS)

Cattier, F.

2003-01-01

In order to meet the World's energy requirements for the next 30 years, 16 000 billion dollars will be necessary. Some 60% of this investment will go to the electricity sector and almost half of the total investment must be made in the developing countries. Where fossil fuels are concerned the bulk of the investments will a devoted to exploration and development activities. Transportation and distribution will account for 54 % of the investment in the electricity sector. The financing of these investments is currently the subject of various uncertainties. The conditions for access to resources will be decisive for the oil and gas sectors. The impact of liberalization in the countries of the OECD and the profitability of the investments in developing countries constitute the main challenges for the electricity sector. (authors)

Outward Foreign Direct Investment from Emerging Economies and National Development Strategies

DEFF Research Database (Denmark)

Gammeltoft, Peter; Kokko, Ari

2013-01-01

Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets...

Encouraging private sector investment in climatefriendly technologies in developing countries. An assessment of policy options for the Dutch government

International Nuclear Information System (INIS)

Van Rooijen, S.N.M.; Van Wees, M.T.

2006-10-01

This study aims to explore new or reformed policies to be adopted by the Dutch government to encourage private sector investments in climate-friendly technologies in developing countries. A literature review of barriers to climate-friendly investments and of directions for solutions has been complemented with a number of in-depth interviews with stakeholders representing the major actors involved in investment projects (project sponsors, financing institutions, institutional investors and government). The barrier analysis has resulted in the following list of key obstacles to climate-friendly investments: (1) Lack of a sound, transparent and stable enabling environment for investing in developing countries; (2) Shortage of experienced and creditworthy sponsors; (3) High specific project risks; (4) Overestimation investment risks related to (sustainable) investments in developing countries in general (risk perspective); (5) Additional costs of climate-friendly technologies; (6) Shortage of risk capital; (7) Insufficient guarantee mechanisms; (8) Lack of know-how on public-private partnership structures and on financial design; and (9) Lack of insight how corporate social responsibility can be operationalised. Four main gaps have been identified on the basis of an assessment of current Dutch policies and instruments: (1) Shortage of instruments to directly promote investments; (2) Underdeveloped guarantee instruments; (3) Too restrictive cap on project size in financial schemes; (4) Lack of support in operationalising the concept of corporate social responsibility. Four areas for new or intensified policies have been identified based on the barrier and gap analysis: (1) Direct promotion of (potentially large scale) investments, including: (a) Supporting (the establishment of) sponsor companies developing sustainable energy projects in developing countries; (b) Making risk capital available; (c) Creating investment credit facilities; (d) Making development capital in

Study of energetic balance in uranium cycle and in the nuclear Brazilian program

International Nuclear Information System (INIS)

Davi, E.M.

1982-01-01

The direct and indirect energetic investments for the construction and maintenance of nuclear power plants as well as for the fuel cycle, were analysed. The existing data in the literature was applied to the brazilian nuclear programme with a special attention to those peculiar aspects, particularly the enrichment process and mining. The energetic investments required by the various systems, using the 626 MW nuclear power stations or the 1240 MW, were determined in function of the brazilian ore with 0.108% of U 3 O 8 and of a mine with a stripping ratio (the ratio of tons of overburden to tons of ore) of 28/1. About the enrichment, two hypothesis were considered for the concentration of 235 U in the enrichment plant tails - the tails assay (0.25 and 0.35% of 235 U) and for the specific energy consumption per unit of separative work (3.60 and 4.40 MWh/UTS). The fuel cycles with and without recycling of uranium and plutonium were taken in consideration. During the lifetime of the plants and for the various cases considered there is a self-consumption between 10 and 16 percent of the produced energy. The cumulative energy requirements as a function of time, was made for individual plants and for the brazilian nuclear programme as a whole in its actual form (9 nuclear power plants). (E.G.) [pt

INVESTMENT FUNDS IN ROMANIA

Directory of Open Access Journals (Sweden)

COPIL CRINA ANGELA

2013-07-01

Full Text Available I chose this topic because my goal was to capture in detail all aspects of the evolution of investment funds under the influence of factors leading to globalization of the banking financial market. Main motivation was that I proposed to present in an original manner the concept of investment in mutual funds by the thoroughness of the following points: the different types of investment funds from Romania, the advantages, the risks and the specific costs of the investment in mutual funds and the effects of the financial crisis on the industry of the investment funds on the national level. The financial crisis and the risk of infecting the global economy affected the taste of risk of the investors and their request for the investment fund, determining the orientation of the investors to the funds with a lower risk – the diversified funds, the funds of bonds and the monetary funds. I considered important the theoretical approach of the concept of investments in investment funds because they are a barometer of the macro economical stability, in case the economical increase is positive on the macro economical level the investments in investments funds are increasing too. In Romania the market of the mutual funds is at an incipient level, but with potential and perspectives of development. Due to the bankruptcy of FNI in the beginning of the years 2000 and due to the absence of a clear legislation regarding the calculation of the unitary value of the net asset and the control of the activity developed by the investment funds, the development of the industry of the investment funds had to fight against the crisis of credibility generated by these events. The convergence of the Romanian economy to the European standards will attract also a modification of the structure of the financial investments of the individuals, by an increase of the investments in funds. In the world the investment funds are preferred by the investors for their advantages

Energetic dialog EU and Russia slows

International Nuclear Information System (INIS)

Hirman, K.

2004-01-01

European Union maintains an individual dialog with Russia about cooperation in energy sphere since joint summit in Paris in October 2000. Both sides agreed there to create four export groups: for energy strategy, investments, infrastructure and technologies, efficiency and ecology. European Union expects that Russia will unequivocally take over the obligations by creation of suitable climate for investors. European Union considers as key preconditions the restructuring of the largest national monopoles. These conditions are also the important component of asking strategy of EU by the discussions about integration of Russia to WTO. One of the most important requests of Brussels is the restructuring of Gazprom concern, what means its division to mining and transport part. Russian part refuses all steps in this sphere. Author analyses the strategic interests of Russian government and of president Putin by planning and mining of oil and gas as like as by investments to the pipelines and gas lines. International Energetic Agency (IEA) assumes that the investments to oil and gas mining in Russia will be around 330 million USD till 2030. The similar situation is also in oil sector. More than half of huge oil deposits with the highest output are already mined. The oil mining in Russia reached 421 million tons in 2003. According to pessimistic estimations the gas mining will reach from 550 to 560 billion m 3 in the following decades, according to optimistic scenario it can reach up to 730 billion m 3 per year. In this case the netto export of oil from Russia could rise from present around 175 billion m 3 to 280 billion m 3 in 2030. IEA warns that these plans should be fulfilled only if massive foreign investments enter this sector. IEA also warns before concerns of investors about Russian legislation, property protection, cooperative regulation and transparentness of undertaking. Proposed pipelines among Russia, Near East, Africa and European Union are shown

Corruption and the Efficiency of Capital Investment in Developing Countries

DEFF Research Database (Denmark)

O’Toole, Conor M.; Tarp, Finn

2014-01-01

This paper tests the effect of corruption on the efficiency of capital investment. Using firm-level data from the World Bank Enterprise Surveys, covering 90 developing and transition economies, we consider whether the cost of informal bribe payments distorts the efficient allocation of capital...

DEVELOPMENT PROGRAM INVESTMENT GAS INDUSTRY IN THE REPUBLIC OF IRAQ

Directory of Open Access Journals (Sweden)

Aziz Hayder Saleh

2014-01-01

Full Text Available In modern world. Economy of the biggest part of states based on the foreigninvestments, which are quite necessaryfor developing their economy and infrastructure. On the present stage of thedevelopment the Republic of Iraq the gassector problems could be solved onlythrough investments.

Analysis of Scientific and Methodical Approaches to Portfolio Investment as a Tool of Financial Provision of Sustainable Economic Development

Directory of Open Access Journals (Sweden)

Leus Daryna V.

2013-12-01

Full Text Available The article analyses scientific and methodical approaches to portfolio investment. It develops recommendations on specification of the categorical apparatus of portfolio investment in the context of differentiation of strategic (direct and portfolio investments as alternative approaches to the conduct of investment activity. It identifies the composition and functions of objects and subjects of portfolio investment under conditions of globalisation of the world financial markets. It studies main postulates of the portfolio theory and justifies a necessity of identification of the place, role and functions of subjects of portfolio investment in them for ensuring sustainable development of the economy. It offers to specify, as one of the ways of further development of portfolio theories, a separate direction in the financial provision of economy with consideration of ecologic and social components – socio responsible investment.

Analysis of the coupling coordination between transportation infrastructure investment and economic development in Hubei province

Directory of Open Access Journals (Sweden)

Wenxia Zhai

2017-06-01

Full Text Available The relationship between transportation infrastructure investment and regional economic growth has been the focus of domestic and foreign academic research. Using the models of coupling degree and coupling coordination degree, this paper calculated the coupling degree and coupling coordination degree between the comprehensive level of transportation infrastructure investment and economic development in Hubei province and its 17 cities, and analyzed its temporal and spatial characteristics. The result showed that, from 2001 to 2013, the coupling and coupling coordination between transportation infrastructure investment and economic development in Hubei province were on a steady rise in the time sequence characteristics. It experienced the upgrade from the uncoordinated – nearly uncoordinated – barely coordinated – intermediately coordinated stages. In the year of 2013, the coupling and coupling coordination of transportation infrastructure investment and economic development in the 17 prefecture-level cities of Hubei Province showed a very uneven spatial difference. Good coordination, primary coordination, barely coordinate, and barely in-coordination are distributed in the province. The average coordination degree of the 17 prefecture-level cities in Hubei is relatively low, and there is a negative tend to expand the difference. This study has confirmed the relationship between transportation infrastructure investment and the economic development to be in an interactive coupling and coordination, but in different regions and different stages, the degree of coordination has obvious spatial and temporal differences.

Greenland and Chinese outbound investments

DEFF Research Database (Denmark)

Mouyal, Lone Wandahl; Mortensen, Bent Ole Gram; Su, Jingjing

2017-01-01

-Government seeks to develop new business sectors and to attract foreign investment, including investments from China, to develop especially its mineral resources. China now is the second largest economy in the world and the outbound investments by Chinese companies presents unprecedented opportunities for both...... Chinese companies and their global partners. However, Chinese outbound investment faces many hurdles both at home and outside. This article analyzes some of the main aspects in relation to regulatory hurdles, political obstacles as well as environmental, labor and financial challenges primarily focusing...... on investments in the mining industry....

Economic development and foreign direct investment: How to create sustainable development an analysis of the potential for sustainable development on the Indian subcontinent

Directory of Open Access Journals (Sweden)

Homlong Nathalie

2010-01-01

Full Text Available Focusing critically on the effects of the conditions for foreign direct investment on sustainable growth in the recipient country, this paper analyzes the potential for investments in environmental innovations in India. The definition of sustainability applied in this paper incorporates economic development and investment which promotes environmentally and socially friendly production and innovation. As the Indian economy experienced strong growth in GDP in recent years, but is still lagging behind in providing the basic needs of clean water, clean air and proper waste management for households and companies, the necessity for sustainable development exists. From a methodological point of view this paper uses macroeconomic data to evaluate quantitatively the potentials and needs of Indian states. This results in a state ranking showing the potential for sustainable development in selected Indian states, based on economic and environmental indicators.

The quest for greater chemical energy storage in energetic materials: Grounding expectations

Science.gov (United States)

Lindsay, C. Michael; Fajardo, Mario E.

2017-01-01

It is well known that the performance of modern energetic materials based on organic chemistry has plateaued, with only ˜ 40% improvements realized over the past half century. This fact has stimulated research on alternative chemical energy storage schemes in various U.S. government funded "High Energy Density Materials" (HEDM) programs since the 1950's. These efforts have examined a wide range of phenomena such as free radical stabilization, metallic hydrogen, metastable helium, polynitrogens, extended molecular solids, nanothermites, and others. In spite of the substantial research investments, significant improvements in energetic material performance have not been forthcoming. This paper discusses the lessons learned in the various HEDM programs, the different degrees of freedom in which to store energy in materials, and the fundamental limitations and orders of magnitude of the energies involved. The discussion focuses almost exclusively on the topic of energy density and only mentions in passing other equally important properties of explosives and propellants such as gas generation and reaction rate.

FINANCING OF INVESTMENT PROJECTS OF GAS DISTRIBUTION ENTERPISES AS A FACTOR OF THEIR DEVELOPMENT

Directory of Open Access Journals (Sweden)

Svitlana Korol

2016-03-01

Full Text Available In the article theoretical questions of formation sources of financing investments   are  considered, the analysis of investment activities is carried out by the sources of funding for gas  utility. The purpose of this article is to identify priority sources of financing investment activities of gas distribution enterprises. The  methodology  of  research.  To  achieve  this  goal  the  author  used  methods  of  theoretical generalization; statistical and financial methods in the study of dynamics and structure of  investment; tabular methods to display the structure of the main sources of financing of  the  investment program of gas distribution enterprises; consistency and comparison, to determine the relationship between the main components of investment sources of financing. As a result of research by critical retrospective analysis to determine the structure of sources of financing investment activities of gas distribution enterprises. It is established that the main sources of financing the investment program are the tariffs for transportation and supply of gas, says the national Commission, carrying out state regulation in the areas of energy and  utilities (NCREU. It is filed the structure of the main financing sources of the investment  program of gas distribution enterprises. It is proved that the level of funding depends on the size  of NCREU rates and gas consumption. Scientific novelty of the article is lack in domestic and foreign areas of research priority  selection of sources financing of the investment program for gas distribution enterprises. The practical significance is that the theoretical concepts, practical results and conclusions of  articles that reveal the essence of the problem of investment sources of financing, can be used in  the activity of gas distribution enterprises taking into account the current state of development  of the economy. Keywords: investment  resources,  financing

Federal Investment

Science.gov (United States)

Campbell, Sheila; Tawil, Natalie

2013-01-01

The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It can provide…

Private Investment in Power Sector in Developing Countries: Lessons from Reforms in Asian and Latin American Countries.

Energy Technology Data Exchange (ETDEWEB)

Singh, Anoop

2007-07-01

The demand for investment in the electricity sector in the world between 2000 and 2030 is estimated to be USD9.8 trillion. Developing countries would require more than half of this investment. Given the limited fiscal space for public investment, a number of developing countries have undertaken policy initiatives to improve the investment climate for the private sector. The pace, scope, sequencing and outcome of reform process varies across countries. This paper undertakes a comparative evaluation of policy and regulatory reforms in Argentina, Brazil, India, Mexico, PRC and Thailand. The paper concludes that apart from macroeconomic stability, the pace and sequencing of reforms influences private investment in the power sector. Distribution reforms and setting up of an independent regulatory institution reduces risk for investors. A peace-meal approach to reform keeps uncertainties alive for investors and does not translate in significant investment in the sector. (auth)

Energetic materials and methods of tailoring electrostatic discharge sensitivity of energetic materials

Energy Technology Data Exchange (ETDEWEB)

Daniels, Michael A.; Heaps, Ronald J.; Wallace, Ronald S.; Pantoya, Michelle L.; Collins, Eric S.

2016-11-01

An energetic material comprising an elemental fuel, an oxidizer or other element, and a carbon nanofiller or carbon fiber rods, where the carbon nanofiller or carbon fiber rods are substantially homogeneously dispersed in the energetic material. Methods of tailoring the electrostatic discharge sensitivity of an energetic material are also disclosed.

Male Snakes Allocate Time and Energy according to Individual Energetic Status: Body Condition, Steroid Hormones, and Reproductive Behavior in Timber Rattlesnakes, Crotalus horridus.

Science.gov (United States)

Lind, Craig M; Beaupre, Steven J

2015-01-01

Life-history theory predicts that organisms will hedge current reproductive investment against potential costs in terms of survivorship and future fecundity. However, little is known regarding the endocrine mechanisms underlying bet-hedging strategies in free-ranging male vertebrates. We examined the relationships among individual energetic status, steroid hormones, mate search, and reproductive behavior in free-ranging male timber rattlesnakes. Snakes were monitored over four active seasons in order to test two hypotheses: (1) males adjust the amount of time and energy allocated toward reproduction according to the level of individual energy stores, and (2) observed condition-dependent reproductive allocation is associated with circulating concentrations of steroid hormones (testosterone and corticosterone) thought to regulate reproductive behaviors in vertebrates. A positive relationship between body condition and testosterone was observed in both the field and the laboratory. Male mate search effort was positively correlated with both body condition and testosterone. Body condition and testosterone concentrations were negatively related to time allocated toward foraging during the breeding season. A strong effect of year was observed in the analysis of testosterone and search effort, suggesting that multiple environmental factors impact hormone production and reproductive investment. Corticosterone was not related to any measured variable. Therefore, our results did not indicate a clear role of corticosterone in mediating observed relationships between energetic status and behavior. Observed relationships are consistent with the hypothesis that males allocate time and energy toward reproduction according to individual energetic status and that testosterone plays a role in mediating the trade-off between current reproductive investment and residual reproductive value.

Foreign Direct Investment and Trade Openness: The Case of Developing Economies

Science.gov (United States)

Liargovas, Panagiotis G.; Skandalis, Konstantinos S.

2012-01-01

This paper examines the importance of trade openness for attracting Foreign Direct Investment (FDI) inflows, using a sample of 36 developing economies for the period 1990-2008. It provides a direct test of causality between FDI inflows, trade openness and other key variables in developing regions of the world: Latin America, Asia, Africa, CIS…

Energetics Conditioning Facility

Data.gov (United States)

Federal Laboratory Consortium — The Energetics Conditioning Facility is used for long term and short term aging studies of energetic materials. The facility has 10 conditioning chambers of which 2...

Forecast of nuclear energetics

Energy Technology Data Exchange (ETDEWEB)

Sikora, W

1976-01-01

The forecast concerning the development of nuclear energetics is presented. Some information on economics of nuclear power plants is given. The nuclear fuel reserves are estimated on the background of power resources of the world. The safety and environment protection problems are mentioned.

The Determinants of Research and Development Investment in the Pharmaceutical Industry: Focus on Financial Structures

Science.gov (United States)

Lee, Munjae; Choi, Mankyu

2015-01-01

Objectives This study analyzes the influence of the financial structure of pharmaceutical companies on R&D investment to create a next-generation profit source or develop relatively cost-effective drugs to maximize enterprise value. Methods The period of the empirical analysis is from 2000 to 2012. Financial statements and comments in general and internal transactions were extracted from TS-2000 of the Korea Listed Company Association (KLCA), and data related to stock price is extracted from KISVALUE-Ⅲ of NICE Information Service Co., Ltd. Stata 12.0 was used as the statistical package for panel analysis. Results The current ratio had a positive influence on R&D investment, the debt ratio had a negative influence on R&D investment, and return on investment and net sales growth rate did not have a significant influence on R&D investment. Conclusion It was found in this study that the higher liquidity ratio, the greater the R&D investment. The stability of pharmaceutical companies has a negative influence on R&D investment. This finding is consistent with the prediction that if a company faces a financial risk, it will be passive in R&D investment due to its financial difficulties. PMID:26730355

The Determinants of Research and Development Investment in the Pharmaceutical Industry: Focus on Financial Structures.

Science.gov (United States)

Lee, Munjae; Choi, Mankyu

2015-10-01

This study analyzes the influence of the financial structure of pharmaceutical companies on R&D investment to create a next-generation profit source or develop relatively cost-effective drugs to maximize enterprise value. The period of the empirical analysis is from 2000 to 2012. Financial statements and comments in general and internal transactions were extracted from TS-2000 of the Korea Listed Company Association (KLCA), and data related to stock price is extracted from KISVALUE-Ⅲ of NICE Information Service Co., Ltd. Stata 12.0 was used as the statistical package for panel analysis. The current ratio had a positive influence on R&D investment, the debt ratio had a negative influence on R&D investment, and return on investment and net sales growth rate did not have a significant influence on R&D investment. It was found in this study that the higher liquidity ratio, the greater the R&D investment. The stability of pharmaceutical companies has a negative influence on R&D investment. This finding is consistent with the prediction that if a company faces a financial risk, it will be passive in R&D investment due to its financial difficulties.

The Analysis of the Development of Futures Investment Funds in China

Directory of Open Access Journals (Sweden)

Zhang Zhe Jing

2016-01-01

Full Text Available This paper introduces the futures investment fund, elaborates on its functions and puts forward its problems in China. It also comes up with some personal suggestions for reference based on the measures for its development.

Electricity investments and development of power generation capacities: an approach of the drivers for investment choices in Europe regarding nuclear energy

International Nuclear Information System (INIS)

Shoai-Tehrani, Bianka

2014-01-01

In a context of growing energy prices and climate change mitigation, the thesis addresses the issues of investments in power generation capacities and in particular nuclear capacities. Given that the Generation IV of nuclear reactors is supposed to be ready in 2040 for industrial deployment, the purpose of the thesis is to study the conditions for electricity investments in France and Europe within this horizon, in order to assess development perspectives for nuclear energy and for potential emergence of Generation IV on the European market. To do so, it is necessary to study the mechanisms at stake in investment choices taking into account all power generating technologies. Economic theory usually bases the choice on long-term economic rationality, which does not allow explain the actual choices observed in European electricity mix. The objective of the research work is thus to identify investment choice drivers and to propose an approach describing the behavior of investors in a more realistic way. A multidisciplinary approach was adopted to explore the question. It combines a historical analysis of drivers evolution according to historical context, a structural analysis of these drivers to identify favorable scenarios for future nuclear reactors, a value creation approach to replicate investors' preferences in those scenarios, and last, a value option approach focusing on nuclear technologies and comparing competitiveness of Generation IV reactors with current reactors. As a result, only strong climate policy combined to government support to nuclear energy could allow industrial development of Generation IV, while high progress of renewables does not lessen the attractiveness of nuclear energy.On a international level, such analysis could be broaden by taking into account the drivers specific to each area of the world, such as highly growing demand in developing countries. (author)

Electricity investments and development of power generation capacities: An approach of the drivers for investment choices in Europe regarding nuclear energy

International Nuclear Information System (INIS)

Shoai-Tehrani, Bianka

2014-01-01

In a context of growing energy prices and climate change mitigation, the thesis addresses the issues of investments in power generation capacities and in particular nuclear capacities. Given that the Generation IV of nuclear reactors is supposed to be ready in 2040 for industrial deployment, the purpose of the thesis is to study the conditions for electricity investments in France and Europe within this horizon, in order to assess development perspectives for nuclear energy and for potential emergence of Generation IV on the European market. To do so, it is necessary to study the mechanisms at stake in investment choices taking into account all power generating technologies. Economic theory usually bases the choice on long-term economic rationality, which does not allow explain the actual choices observed in European electricity mix. The objective of the research work is thus to identify investment choice drivers and to propose an approach describing the behavior of investors in a more realistic way. A multidisciplinary approach was adopted to explore the question. It combines a historical analysis of drivers evolution according to historical context, a structural analysis of these drivers to identify favorable scenarios for future nuclear reactors, a value creation approach to replicate investors' preferences in those scenarios, and last, a value option approach focusing on nuclear technologies and comparing competitiveness of Generation IV reactors with current reactors. As a result, only strong climate policy combined to government support to nuclear energy could allow industrial development of Generation IV, while high progress of renewables does not lessen the attractiveness of nuclear energy. On a international level, such analysis could be broaden by taking into account the drivers specific to each area of the world, such as highly growing demand in developing countries. (author)

Investment on research and development. The cases of Republic of Korea and Mexico

Directory of Open Access Journals (Sweden)

Ángel Licona Michel

2013-01-01

Full Text Available Strengthen the capacity of production of goods and services, is strategic, as it allows the company and its businesses to compete in global markets.Getting to be in the forefront of the processes requires investment in research and development this institutions for human resource training and development of science and technology play an important role for its professional staff and society in general, have higher skills that are reflected in the development of technology skills that push the growth and modernization of their companies. This paper analyzes the investment in research and the training of professionals, and their importance in the transformation of the production structure in the Republic of Korea and Mexico.

Advancing social and economic development by investing in women's and children's health: a new Global Investment Framework.

Science.gov (United States)

Stenberg, Karin; Axelson, Henrik; Sheehan, Peter; Anderson, Ian; Gülmezoglu, A Metin; Temmerman, Marleen; Mason, Elizabeth; Friedman, Howard S; Bhutta, Zulfiqar A; Lawn, Joy E; Sweeny, Kim; Tulloch, Jim; Hansen, Peter; Chopra, Mickey; Gupta, Anuradha; Vogel, Joshua P; Ostergren, Mikael; Rasmussen, Bruce; Levin, Carol; Boyle, Colin; Kuruvilla, Shyama; Koblinsky, Marjorie; Walker, Neff; de Francisco, Andres; Novcic, Nebojsa; Presern, Carole; Jamison, Dean; Bustreo, Flavia

2014-04-12

A new Global Investment Framework for Women's and Children's Health demonstrates how investment in women's and children's health will secure high health, social, and economic returns. We costed health systems strengthening and six investment packages for: maternal and newborn health, child health, immunisation, family planning, HIV/AIDS, and malaria. Nutrition is a cross-cutting theme. We then used simulation modelling to estimate the health and socioeconomic returns of these investments. Increasing health expenditure by just $5 per person per year up to 2035 in 74 high-burden countries could yield up to nine times that value in economic and social benefits. These returns include greater gross domestic product (GDP) growth through improved productivity, and prevention of the needless deaths of 147 million children, 32 million stillbirths, and 5 million women by 2035. These gains could be achieved by an additional investment of $30 billion per year, equivalent to a 2% increase above current spending. Copyright © 2014 Elsevier Ltd. All rights reserved.

Scientific and technical conference. Problems and horizons of development of chemical and radiochemical control in nuclear energetics. Collection of summaries of reports

International Nuclear Information System (INIS)

2001-01-01

During scientific and technical conference on problems of development of chemical and radiochemical control in nuclear energetics following themes were considered: the problems of methodological and instrumental assurance of chemical and radiochemical control at working nuclear power plants and nuclear energetic units; modern conceptions of automation systems construction of chemical and radiochemical control on the basis of intellectual measuring channels; the ways of decision of generally system problems of organization and management of chemical and radiochemical control using computed technologies; the problems of certification of chemical and radiochemical methods of measuring in nuclear energetics [ru

Reproductive investment in the intertidal bivalve Macoma balthica

Science.gov (United States)

Honkoop, P. J. C.; Van der Meer, J.; Beukema, J. J.; Kwast, D.

1999-05-01

Bivalve eggs generally contain large amounts of lipids which, in comparison with proteins and carbohydrates, have high energy contents and are thus costly in energetic terms. As lipid contents vary between species, comparisons of reproductive investments should not only include numbers and sizes of eggs, but also their energy content. We estimated the investment in egg material of mature females of the Baltic tellin Macoma balthica (L.) in terms of both mass and energy content. All mass below a minimum body mass (below which no eggs are produced) was defined as structural mass. This threshold amounts to a body mass index (BMI) of 5.6 (ash-free dry mass per cubic shell length in mg cm -3). More than half (55%) of the mass above the structural mass was invested in egg material and 45% in extra somatic tissue and tissue for production and storage of gametes. This means that the amount of eggs spawned ranged from 0 (at BMI = 5.6 mg cm -3) to 33% of the total ash-free dry mass (at a high BMI value of 14 mg cm -3). Eggs contained a relatively large amount of lipids, about 30% of their ash-free dry mass, whereas non-egg material contained only about 7% lipids. Eggs of two other bivalves in the Wadden Sea, the cockle Cerastoderma edule and the mussel Mytilus edulis, were smaller and contained only about 11% and 20% lipids, respectively. Energy content of M. balthica eggs amounted to ˜0.006 J, in the other two species to ˜0.002 J. The function of the more expensive eggs in M. balthica may be related to its early spawning in spring, causing slower larval development until first feeding.

Implementing a Process to Measure Return on Investment for Nursing Professional Development.

Science.gov (United States)

Garrison, Elisabeth; Beverage, Jodie

Return on investment (ROI) is one way to quantify the value that nursing professional development brings to the organization. This article describes a process to begin tracking ROI for nursing professional development. Implementing a process of tracking nursing professional development practitioners' ROI increased awareness of the financial impact and effectiveness of the department.

Foreign direct investment, development, and overshoot.

Science.gov (United States)

McKinney, Laura A

2014-09-01

Overshoot of the earth's carrying capacity is an acute concern for sustainability initiatives that seek to equalize access to the natural resources that are requisite to meet the basic needs of humanity. Demands on nature that exceed ecological capacities compromise critical ecosystem functions that provision the inputs necessary for life. This paper draws on concepts and analytical frameworks from the natural, physical, and social sciences to assess the drivers of sustainability at the global and national level. Integrative theoretical predictions are tested in a structural equation model that advances empirical research on overshoot and outflows of foreign investments that is relatively lacking in the literature. Findings highlight the differential impacts of key aspects of economic globalization on both development and overshoot across nations. Copyright © 2014 Elsevier Inc. All rights reserved.

Nuclear energetics all over the world

International Nuclear Information System (INIS)

Wojcik, T.

2000-01-01

The actual state and tendencies of nuclear power further development for different world regions have been presented and discussed. The problem of safety of energetic nuclear reactors, radioactive waste management and related problems have been discussed in respect of regulations in different countries. The economical aspects of nuclear energetics in comparison with different fossil fuel power plants exploitation costs has been presented as well. The official state of international organizations (IAEA, WANO, HASA etc.) have been also shown in respect to subject presented

Energetic particle physics with applications in fusion and space plasmas

International Nuclear Information System (INIS)

Cheng, C.Z.

1997-01-01

Energetic particle physics is the study of the effects of energetic particles on collective electromagnetic (EM) instabilities and energetic particle transport in plasmas. Anomalously large energetic particle transport is often caused by low frequency MHD instabilities, which are driven by these energetic particles in the presence of a much denser background of thermal particles. The theory of collective energetic particle phenomena studies complex wave-particle interactions in which particle kinetic physics involving small spatial and fast temporal scales can strongly affect the MHD structure and long-time behavior of plasmas. The difficulty of modeling kinetic-MHD multiscale coupling processes stems from the disparate scales which are traditionally analyzed separately: the macroscale MHD phenomena are studied using the fluid MHD framework, while microscale kinetic phenomena are best described by complicated kinetic theories. The authors have developed a kinetic-MHD model that properly incorporates major particle kinetic effects into the MHD fluid description. For tokamak plasmas a nonvariational kinetic-MHD stability code, the NOVA-K code, has been successfully developed and applied to study problems such as the excitation of fishbone and Toroidal Alfven Eigenmodes (TAE) and the sawtooth stabilization by energetic ions in tokamaks. In space plasmas the authors have employed the kinetic-MHD model to study the energetic particle effects on the ballooning-mirror instability which explains the multisatellite observation of the stability and field-aligned structure of compressional Pc 5 waves in the magnetospheric ring current plasma

What do predators really want? The role of gerbil energetic state in determining prey choice by Barn Owls.

Science.gov (United States)

Embar, Keren; Mukherjee, Shomen; Kotler, Burt P

2014-02-01

In predator-prey foraging games, predators should respond to variations in prey state. The value of energy for the prey changes depending on season. Prey in a low energetic state and/or in a reproductive state should invest more in foraging and tolerate higher predation risk. This should make the prey more catchable, and thereby, more preferable to predators. We ask, can predators respond to prey state? How does season and state affect the foraging game from the predator's perspective? By letting owls choose between gerbils whose states we experimentally manipulated, we could demonstrate predator sensitivity to prey state and predator selectivity that otherwise may be obscured by the foraging game. During spring, owls invested more time and attacks in the patch with well-fed gerbils. During summer, owls attacked both patches equally, yet allocated more time to the patch with hungry gerbils. Energetic state per se does not seem to be the basis of owl choice. The owls strongly responded to these subtle differences. In summer, gerbils managed their behavior primarily for survival, and the owls equalized capture opportunities by attacking both patches equally.

12 CFR Appendix 1 to Part 24 - CD-1-National Bank Community Development (Part 24) Investments

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 1 2010-01-01 2010-01-01 false CD-1-National Bank Community Development (Part 24) Investments 1 Appendix 1 To Part 24 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF... PUBLIC WELFARE INVESTMENTS Pt. 24, App. 1 Appendix 1 To Part 24—CD-1—National Bank Community Development...

Evaluating international development investments based on ecosystem services impact

Science.gov (United States)

Fremier, A. K.; Brauman, K. A.; Mulligan, M.; Chaplin-Kramer, R.; Gordon, L.; Luedeling, E.; Jones, S. K.; DeClerck, F.

2016-12-01

Engineered water-control structures to supply water for agriculture are frequently funded by international development to an effort to improve human wellbeing. Dams, reservoirs, and other forms of water control frequently have negative impacts on other water users; however, their sustainability in the face of climate change and evolving watershed processes have been called into question. Increasingly, planning for and evaluation of investments in water control require integration of these larger scale impacts and dependencies. Ecosystem service approaches can use local to regional scale knowledge to integrate a broader scope of project impacts by quantifying trade-offs in multiple services across proposed development interventions and future scenarios (economic, climate, demographic). Here, we illustrate the role an ecosystem service approach can play in investment decision making to evaluate the impact of small reservoirs on human wellbeing in the Upper Volta Basin of West Africa. Our project has four components: (1) design of a spatially explicit regional-level social-ecological characterization; (2) construction of future scenario analyses for rainfed and irrigated production system interventions; (3) co-design and co-development of benefit sharing mechanisms at the reservoir catchment level and enhancing institutional capacity to implement these mechanisms through training, professional development and targeting tools; and (4) intervention decision analysis to identify benefits, costs and risks associated with decision options. We illustrate how this approach highlights different outcomes than standard cost-benefit analysis focused narrowly on the single project. Anticipated outcomes are development of ecosystem services-based methods for more equitably and sustainably evaluating development interventions and identifying management approaches to water-impoundment structures that promote a range of ecosystem services to provide food security to a broader

Reform of irrigation management and investment policy in African development

Directory of Open Access Journals (Sweden)

KW Easter

2004-11-01

Full Text Available This paper examines the reform of water and irrigation management in Africa and compares it with similar reforms in Asia.  Several things are evident from the review.  First, Sub-Saharan Africa (SSA is at an earlier stage of irrigation development and reform than Asia.  Second, the articulated need for reform is much stronger in Asia than it is in SSA.  Third, the productivity of small-scale irrigated farms is significantly lower in SSA compared to Asia.  Thus any irrigation investment strategy in SSA should be different from Asia and focus on increasing small-farm productivity as well as small-scale irrigation projects.  Finally, all direct government irrigation investments should be done jointly with decisions regarding the type of project management.

An Analysis of U.S. Foreign Direct Investment Policy and Economic Development. A.I.D. Discussion Paper No. 36.

Science.gov (United States)

Bergsten, C. Fred; De Castro, Bruce

The purpose of the paper is to analyze U.S. policies toward financial investment in developing nations. The paper is presented in two sections. In section I, the controversial effects of direct foreign investment on development are discussed. Case studies of investment policies toward India, the Philippines, Ghana, Guatemala, and Argentina are…

Development and Use of Tourism Resources in Dahengshan of Mingguang City

Institute of Scientific and Technical Information of China (English)

Lu; TIAN; Zhongxiang; YU

2013-01-01

Dahengshan is rich in natural, cultural and tourism resources. However, the existing conditions are not good. On the basis of existing conditions, this paper presents ideas of "development in the process of protection, promoting protection through development". The development of tourism resources in Dahengshan should properly treat the relationship between tourism reception ability and environmental carrying capacity, understand the relationship between tourism resource protection and development, restore destroyed tourism resources, make practical tourism plan, cultivate management personnel, improve service level, increase development investment, expand investment and financing channels, energetically develop tourism series products, increase propaganda, raise popularity, and strengthen regional tourism cooperation, finally build big Mingguang tourism circle. Landscape design should focus on ecology, in the hope of ranking in the tourism system of Mingguang City.

Are stricter investment rules contagious? Host country competition for foreign direct investment through international agreements

OpenAIRE

Neumayer, Eric; Nunnenkamp, Peter; Roy, Martin

2014-01-01

We argue that the trend toward international investment agreements (IIAs) with stricter investment rules is driven by competitive diffusion, namely defensive moves of developing countries concerned about foreign direct investment (FDI) diversion in favor of competing host countries. Accounting for spatial dependence in the formation of bilateral investment treaties (BITs) and preferential trade agreements (PTAs) that contain investment provisions, we find that the increase in agreements with ...

Seaweed Investment as Application in Development of Minapolitan Area

Directory of Open Access Journals (Sweden)

Caroline Caroline

2013-12-01

Full Text Available Consequences of regional autonomy is not easy, this is because a required area should look for alternative sources of financing regional. One of the sources of financing in the Brebes district is the development of seaweed cultivation to be exported to other countries. The calculations show that the investment in seaweed farming is feasible to be developed because of the many advantages gained than seaweed farming. The first advantage of the presence of a source of income for local communities and Brebes district, opening job opportunities broadly, to develop products made from seaweed such as cosmetics, pharmaceuticals, herbs, jelly, and so forth.

An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment

OpenAIRE

Itay Goldstein; Assaf Razin

2005-01-01

The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI).The model describes an information-based trade off between direct investments and portfolio investments. Direct investors are more informed about the fundamentals of their projects. This information enables them to manage their projects more efficiently. However, it also creates an asymmetric-information problem in case they need to sell their projects prematurely, and reduces the price they...

Energetic materials research and development activities at Sandia National Laboratories supported under DP-10 programs

Energy Technology Data Exchange (ETDEWEB)

Ratzel, A.C. III

1998-09-01

This report provides summary descriptions of Energetic Materials (EM) Research and Development activities performed at Sandia National Laboratories and funded through the Department of Energy DP-10 Program Office in FY97 and FY98. The work falls under three major focus areas: EM Chemistry, EM Characterization, and EM Phenomenological Model Development. The research supports the Sandia component mission and also Sandia's overall role as safety steward for the DOE Nuclear Weapons Complex.

Foreign direct investment, institutional development, and environmental externalities: evidence from China.

Science.gov (United States)

Wang, Danny T; Chen, Wendy Y

2014-03-15

The question of how foreign direct investment (FDI) affects a host country's natural environment has generated much debate but little consensus. Building on an institution-based theory, this article examines how the institutional development of a host setting affects the degree of FDI-related environmental externalities in China (specifically, industrial sulfur dioxide emissions). With a panel data set of 287 Chinese cities, over the period 2002-2009, this study reveals that FDI in general induces negative environmental externalities. Investments from OECD countries increase sulfur dioxide emissions, whereas FDI from Hong Kong, Macau, and Taiwan shows no significant effect. Institutional development reduces the impacts of FDI across the board. By focusing on the moderating role of institutions, this study sheds new light on the long-debated relationships among FDI, institutions, and the environments of the host countries. Copyright © 2014 Elsevier Ltd. All rights reserved.

12 CFR 24.4 - Investment limits.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment limits. 24.4 Section 24.4 Banks and... ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS § 24.4 Investment limits. (a) Limits on aggregate outstanding investments. A national bank's aggregate outstanding investments under...

The Leadership Case for Investing in Continuing Professional Development.

Science.gov (United States)

McMahon, Graham T

2017-08-01

Continuing medical education (CME) has the power and capacity to address many challenges in the health care environment, from clinician well-being to national imperatives for better health, better care, and lower cost. Health care leaders who recognize the strategic value of education and engage their people in education can expect a meaningful return on their investment-not only in terms of the quality and safety of their clinicians' work but also in the spirit and cohesiveness of the clinicians who work at their institution. To optimize the benefits of education, clinical leaders need to think of accredited CME as the professional development vehicle that can help them drive change and achieve goals, in consort with quality improvement efforts, patient safety projects, and other systems changes. An empowered CME program, with its multiprofessional scope and educational expertise, can contribute to initiatives focused on both clinical and nonclinical areas, such as quality and safety, professionalism, team communication, and process improvements. In this Invited Commentary, the author describes principles and action steps for aligning leadership and educational strategy and urges institutional leaders to embrace the continuing professional development of their human capital as an organizational responsibility and opportunity and to view engagement in education as an investment in people.

Development as an effective management system construction and investment projects

Directory of Open Access Journals (Sweden)

Beloborodov Roman S.

2011-02-01

Full Text Available The article presents the material of the application of the conception «Development» as the effective methodology of the investment-construction project management within the framework the systems approach. Theoretical principles of the application of this conception are generalized and systematized based on the example of the creation of the low habitable complex.

Impact of the Clean Development Mechanism on wind energy investments in Turkey

Energy Technology Data Exchange (ETDEWEB)

Tunc, Murat; Pak, Ruhan [Yeditepe Univ., Istanbul (Turkey). Systems Engineering Dept.

2012-12-01

As carbon trading continues to be implemented on both a national and an international scale, it is becoming an important factor in renewable energy investment decisions. Turkey, with continuous growth of carbon dioxide emission and energy consumption since 2001, ratified the Kyoto Protocol in 2009 and began registration of projects with greenhouse gas reductions in 2010. In light of these developments, wind energy resources with a potential of 48,000 MW are among the most efficient and effective solutions for clean and sustainable energy in Turkey. The aim of our study is to reveal the importance of the Clean Development Mechanism (CDM) of the Kyoto Protocol on wind energy investment decisions. A broad review of wind energy in Turkey is given, and then, a comprehensive feasibility study of a wind energy firm with a valuation model including Certified Emission Reduction (CER) prices is applied to a case study, the Mega Metallurgy Power. With a holistic and interdisciplinary system engineering approach, results are obtained using comprehensive analysis of technology, emission, and power generation of a wind energy firm linked to a valuation model. This comprehensive model sets the investment decision-making criteria, the enterprise value comparison with total financing. Finally, a sensitivity analysis is run to show that the enterprise value is positively correlated with CER prices. Based on these results, it is concluded that if the world's largest carbon offsetting program, the CDM, prevails after 2012, CER prices will have a positive impact on wind energy firm valuations and related investment decisions. (orig.)

12 CFR 24.3 - Public welfare investments.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Public welfare investments. 24.3 Section 24.3... DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS § 24.3 Public welfare investments. A national bank or national bank subsidiary may make an investment directly or...

Investing: reducing risks to enhance returns.

Science.gov (United States)

West, J; Glickman, S; Seidner, A G

1996-09-01

The financial assets of a healthcare organization can present many opportunities for investment. In order to develop a profitable investment program that avoids risky speculation, however, healthcare financial managers must fully understand the nature and risks of their organizations' investments. They must define and monitor their investment objectives, limitations, levels of acceptable risk and policies and conditions through a statement of investment policy and comprehensive investment guidelines.

Offshore wind investments – Realism about cost developments is necessary

International Nuclear Information System (INIS)

Schwanitz, Valeria Jana; Wierling, August

2016-01-01

Data available from the recent boom in European offshore wind investments contradict widely held expectations about a decline in costs per kW. Our review shows that scenario projections for investment costs are systematically flawed by over-optimistic assumptions. Contrasting offshore wind technology with onshore wind and nuclear power, we argue that offshore wind could be a candidate for negative learning since a trend towards more complex OWP (offshore wind parks) exists and uncertainty remains high. We estimate technical uncertainty and input cost uncertainty to calculate whether investments in offshore wind technology are profitable today. Applying a real option model to two reference plants using empirically derived parameter values, we allow for sunk cost and the possibility to abandon the investment. We find that for a large parameter range, investments are not profitable, even with substantial support such as feed-in tariffs under the German Energy Act. Therefore, policy incentives for building larger and more complex offshore wind parks bear a high risk to fail in their aim of bringing down investment costs. Policies that instead incentivize the optimization of offshore wind technology – in particular by increasing the load factor and material efficiency and bringing down decommissioning costs – are more sustainable. - Highlights: • We review offshore wind power investments. • Contrary to expectations costs increase. • It is unlikely to see a turn in the near future as complexity is growing. • We deploy an empirically based real option model. • Investments are not profitable across a large parameter range.

LEGAL ASPECTS OF A MANAGEMENT OF INFRASTRUCTURE PUBLIC INVESTMENTS IN REGIONS. DILEMMAS OF THE SOCIO-ECONOMIC DEVELOPMENT

Directory of Open Access Journals (Sweden)

Eryk Kosiński

2014-09-01

Full Text Available This article provides for an analysis of legal aspects of certain particular investment processes within technical infrastructure in the Polish regions (voivodeships, but in the counties and communes as well. Those mentioned investments are undertaken in the areas of roads, railroads, airports and telecommunication. The impact of the investments is crucial in terms of the socio-economic development of the modern state and society. All dilemmas in terms of the mentioned investments’ management are related to legal regulations imposed by the state. It is noteworthy that those special regulations are aimed at organising the investment process in an efficient and adequately speedy way. Those regulations provide for a broad legal environment of business within the infrastructure investments. All of those regulations are necessary in order to push the continuous progress of the Polish regions targeting at reacting the level of socio-economic development of the so-called western countries (old, early members of the EU.

Managing the Process of Development of the Region’s Infrastructure through the Attraction of Investment in Innovation

Directory of Open Access Journals (Sweden)

Zabarna Eleonora M.

2017-06-01

Full Text Available The purpose and tasks of the study are determining the main directions for activating the investment process of innovation orientation in the system of infrastructure development of the regions of Ukraine. The article carries out an analysis and identifies negative trends in the regional investment sphere. It has been displayed that structural changes in order to achieve a stable rate of economic growth requires the search for effective instruments to mobilize investment resources for innovative production. The need for allocation of the innovation vector as a priority to attract investment to regions has been proven. To this end, conceptual approaches to improving the infrastructure of region have been proposed: establishment of regional innovation centers for new technologies, which will, among other things, facilitate development of the regional market for securities and special insurance funds. In this regard, the main directions of the regional innovation-investment policy have been outlined.

Influencing Factors and Development Trend Analysis of China Electric Grid Investment Demand Based on a Panel Co-Integration Model

Directory of Open Access Journals (Sweden)

Jinchao Li

2018-01-01

Full Text Available Electric grid investment demand analysis is significant to reasonably arranging construction funds for the electric grid and reduce costs. This paper used the panel data of electric grid investment from 23 provinces of China between 2004 and 2016 as samples to analyze the influence between electric grid investment demand and GDP, population scale, social electricity consumption, installed electrical capacity, and peak load based on co-integration tests. We find that GDP and peak load have positive influences on electric grid investment demand, but the impact of population scale, social electricity consumption, and installed electrical capacity on electric grid investment is not remarkable. We divide different regions in China into the eastern region, central region, and western region to analyze influence factors of electric grid investment, finally obtaining key factors in the eastern, central, and western regions. In the end, according to the analysis of key factors, we make a prediction about China’s electric grid investment for 2020 in different scenarios. The results offer a certain understanding for the development trend of China’s electric grid investment and contribute to the future development of electric grid investment.

Outward Foreign Direct Investment and Human Capital Development: A Small Country Perspective

Science.gov (United States)

McDonnell, Anthony

2008-01-01

Purpose: The purpose of this paper is to examine the pattern of outward foreign direct investment (FDI) by Irish MNCs, and more specifically, to investigate their approach to human capital development and how these correspond to foreign MNCs in Ireland. In particular, it seeks to investigate training and development expenditure, adoption of…

Development of polymer nano composite patterns using fused deposition modeling for rapid investment casting process

Science.gov (United States)

Vivek, Tiwary; Arunkumar, P.; Deshpande, A. S.; Vinayak, Malik; Kulkarni, R. M.; Asif, Angadi

2018-04-01

Conventional investment casting is one of the oldest and most economical manufacturing techniques to produce intricate and complex part geometries. However, investment casting is considered economical only if the volume of production is large. Design iterations and design optimisations in this technique proves to be very costly due to time and tooling cost for making dies for producing wax patterns. However, with the advent of Additive manufacturing technology, plastic patterns promise a very good potential to replace the wax patterns. This approach can be very useful for low volume production & lab requirements, since the cost and time required to incorporate the changes in the design is very low. This research paper discusses the steps involved for developing polymer nanocomposite filaments and checking its suitability for investment castings. The process parameters of the 3D printer machine are also optimized using the DOE technique to obtain mechanically stronger plastic patterns. The study is done to develop a framework for rapid investment casting for lab as well as industrial requirements.

High power laser research and development at the Laboratory for Laser Energetics

International Nuclear Information System (INIS)

Soures, J.M.; McCrory, R.L.; Cerqua, K.A.

1986-01-01

As part of its research mission - to investigate the interaction of intense radiation with matter - the Laboratory for Laser Energetics (LLE) of the University of Rochester is developing a number of high-peak power and high-average-power laser systems. In this paper we highlight some of the LLE work on solid-state laser research, development and applications. Specifically, we discuss the performance and operating characteristics of Omega, a twenty-four beam, 4000 Joule, Nd:glass laser system which is frequently tripled using the polarization mismatch scheme. We also discuss progress in efforts to develop high-average-power solid-state laser systems with active-mirror and slab geometries and to implement liquid-crystal devices in high-power Nd:glass lasers. Finally we present results from a program to develop a compact, ultrahigh-peak-power solid-state laser using the concept of frequency chirped pulse amplification

Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress

Science.gov (United States)

Wegner, Rhiana; Gong, Jie; Fang, Xiaoyi; Kaljee, Linda

2014-01-01

Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one’s own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surveys. Analyses demonstrated that the SCII has a single factor structure and strong internal consistency. Structural equation modeling showed that individuals who invested more in social capital had greater bonding social capital, and subsequently less perceived stress. Results suggest that disease prevention and health promotion programs should consider approaches to encourage social capital investment; individuals may be able to reduce stress by increasing their investment in social capital. Future research is needed to provide additional empirical support for the SCII and observed structural relationships. PMID:25648725

Prioritizing Nutrition in Agriculture and Rural Development : Guiding Principles for Operational Investments

OpenAIRE

Herforth, Anna; Jones, Andrew; Pinstrup-Andersen, Per

2012-01-01

Agricultural and rural development provides a critically important opportunity for reducing malnutrition. The purpose of this paper is to provide a set of guiding principles for incorporating nutrition goals into the design and implementation of agricultural and rural development projects, and to provide examples of current best evidence options for operational investments. Several princip...

Electrical initiation of an energetic nanolaminate film

Science.gov (United States)

Tringe, Joseph W.; Gash, Alexander E.; Barbee, Jr., Troy W.

2010-03-30

A heating apparatus comprising an energetic nanolaminate film that produces heat when initiated, a power source that provides an electric current, and a control that initiates the energetic nanolaminate film by directing the electric current to the energetic nanolaminate film and joule heating the energetic nanolaminate film to an initiation temperature. Also a method of heating comprising providing an energetic nanolaminate film that produces heat when initiated, and initiating the energetic nanolaminate film by directing an electric current to the energetic nanolaminate film and joule heating the energetic nanolaminate film to an initiation temperature.

African Farmer-led Irrigation Development: re-framing agricultural policy and investment?

OpenAIRE

Woodhouse, Philip; Veldwisch, Gert Jan; Venot , Jean-Philippe; Brockington, Daniel; Komakech, Hans; Manjichi , Ângela

2017-01-01

The past decade has witnessed an intensifying focus on the development of irrigation in sub-Saharan Africa. It follows a 20-year hiatus in the wake of disappointing irrigation performance during the 1970s and 1980s. Persistent low productivity in African agriculture and vulnerability of African food supplies to increasing instability in international commodity markets are driving pan-African agricultural investment initiatives, such as the Comprehensive Africa Agricultural Development Program...

Economic Model For a Return on Investment Analysis of United States Government High Performance Computing (HPC) Research and Development (R & D) Investment

Energy Technology Data Exchange (ETDEWEB)

Joseph, Earl C. [IDC Research Inc., Framingham, MA (United States); Conway, Steve [IDC Research Inc., Framingham, MA (United States); Dekate, Chirag [IDC Research Inc., Framingham, MA (United States)

2013-09-30

This study investigated how high-performance computing (HPC) investments can improve economic success and increase scientific innovation. This research focused on the common good and provided uses for DOE, other government agencies, industry, and academia. The study created two unique economic models and an innovation index: 1 A macroeconomic model that depicts the way HPC investments result in economic advancements in the form of ROI in revenue (GDP), profits (and cost savings), and jobs. 2 A macroeconomic model that depicts the way HPC investments result in basic and applied innovations, looking at variations by sector, industry, country, and organization size. A new innovation index that provides a means of measuring and comparing innovation levels. Key findings of the pilot study include: IDC collected the required data across a broad set of organizations, with enough detail to create these models and the innovation index. The research also developed an expansive list of HPC success stories.

Longitudinal Assessment of International Investment in U.S. University Research & Development

Science.gov (United States)

Doran, Gai L.

2016-01-01

The global economic crisis exacerbated by U.S. sequestration has resulted in funding for research and development either remaining flat or declining slightly. By comparison, collectively, countries in Europe and Asia have expanded R&D investments. The purpose of this study was to understand the characteristics of and extent to which…

BRICS Investment Policies from PFI Perspective

Directory of Open Access Journals (Sweden)

Andrei Sakharov 

2017-12-01

Full Text Available The Organisation for Economic Co-operation and Development (OECD Policy Framework for Investment (PFI contains recommendations and best practices in 12 investment-related policy areas, and is widely regarded as the world’s most comprehensive and authoritative instrument on international investment regulation. The topicality of PFI recommendations for OECD members and other countries, including Russia, is dictated by competition in international investment markets. The instrument’s implementation can significantly boost a national jurisdiction’s attractiveness to investors and thus increase its economic competitiveness. The experience of the BRICS countries as large developing economies involved in collaboration with the OECD could be of great value from the standpoint of PFI implementation in Russia. This article examines investment policies of Brazil, India, China and South Africa from the perspective of PFI recommendations. The analysis is organized around four major themes: the general characteristics of investment regimes and investment stimuli, national investment regulation regimes, trade policies and overcoming structural limitations. The analysis forms the basis for recommendations to improve the investment policy regime in Russia

Investment Constraints in Urban Regeneration: Property Developers and Local Authorities Perspective

Directory of Open Access Journals (Sweden)

Mohamed Nurulanis Ahmad

2016-01-01

Full Text Available Urban decay is a phenomenon created due to the expansion of urban population, the restructuring of industrial, social composition as well as the deterioration of urban areas. Consequently this will increase issues of crime, mass unemployment, low quality in urban services, social problems etc. Thus urban regeneration is a tool used to overcome all these issues in order to create quality of urban living, diversify and vibrant cities. However, the involvement of investment in urban regeneration is still infancy in Malaysia as compared to other countries such as Australia, UK, Hong Kong, and etc. This is due to the perception of investors towards the profit generation and the risk involve. The objective of this paper is to determine the constraints involved in urban regeneration investment from the perspectives of the property developer companies and the local authorities. The method used is an exploratory with primary data collection through a questionnaire survey. The findings revealed that the main constraints is in regards of the land issues as well as high cost of investment, however, the benefits gain should also be considered as this create a livable urban living.

Cranking up the heat: relationships between energetically costly song features and the increase in thorax temperature in male crickets and katydids.

Science.gov (United States)

Erregger, Bettina; Kovac, Helmut; Stabentheiner, Anton; Hartbauer, Manfred; Römer, Heinrich; Schmidt, Arne K D

2017-07-15

Sexual displays of acoustically signalling insects are used in the context of mate attraction and mate choice. While energetic investment in sound production can increase the reproductive success of the sender, this entails metabolic costs. Resource allocation to sexually selected, reproductive traits can trade off against allocation to naturally selected traits (e.g. growth, immunity) when individuals' energy budgets are limited. Estimating the magnitude of the costs invested in acoustic signalling is necessary to understand this trade-off and its influence on fitness and life history. To compare the costs associated with acoustic signalling for two ensiferan species, we simultaneously took respiratory measurements to record the rate of CO 2 production and used infrared thermography to measure the increase in thorax temperature. Furthermore, to identify what combinations of acoustic parameters were energetically costly for the sender, we recorded the calling songs of 22 different cricket and katydid species for a comparative analysis and measured their thorax temperature while they sang. Acoustic signalling was energetically costly for Mecopoda sp. and Anurogryllus muticus , requiring a 12- and 16-fold increase over resting levels in the CO 2 production rate. Moreover, calling increased thorax temperature, on average by 7.6 and 5.8°C, respectively. We found that the song intensity and effective calling rate, not simply the chirp/trill duty cycle or the pulse rate alone, were good predictors for the thorax temperature increase in males. © 2017. Published by The Company of Biologists Ltd.

Evaluating the effectiveness of conservation and development investments in reducing deforestation and fires in Ankeniheny-Zahemena Corridor, Madagascar

Science.gov (United States)

Jones, Kelly W.; Hewson, Jennifer; Rasolohery, Andriambolantsoa; Rambeloson, Andoniaina; Andrianjohaninarivo, Tokihenintsoa; Harvey, Celia A.

2017-01-01

Forest conservation and REDD+ projects invest millions of dollars each year to reduce local communities’ dependence on forests and prevent forest loss and degradation. However, to date, there is limited evidence on whether these investments are effective at delivering conservation outcomes. We explored the relationships between 600+ small-scale conservation and development investments that occurred from 2007 to 2014 and conservation outcomes (deforestation rates and fire detections) within Ankeniheny-Zahamena Corridor in Madagascar using linear fixed effects panel regressions. We derived annual changes in forest cover and fires from satellite remote sensing. We found a statistically significant correlation between presence of any investment and reduced deforestation rates in 2010 and 2011 –years with accelerated deforestation elsewhere in the study area. This result indicated investments abated deforestation rates during times of political instability and lack of governance following a 2009 coup in Madagascar. We also found a statistically significant relationship between presence of any investment and reduced fire detections in the study area, suggesting investments had an impact on reducing burning of forest for agriculture. For both outcomes (i.e., deforestation rates and fire detections), we found that more dollars invested led to greater conservation outcomes (i.e. fewer fires or less deforestation), particularly when funding was sustained for one to two years. Our findings suggest that conservation and development investments can reduce deforestation and fire incidence, but also highlight the many challenges and complexities in assessing relationships between investments and conservation outcomes in a dynamic landscape and a volatile political context. PMID:29267356

Evaluating the effectiveness of conservation and development investments in reducing deforestation and fires in Ankeniheny-Zahemena Corridor, Madagascar.

Science.gov (United States)

Tabor, Karyn; Jones, Kelly W; Hewson, Jennifer; Rasolohery, Andriambolantsoa; Rambeloson, Andoniaina; Andrianjohaninarivo, Tokihenintsoa; Harvey, Celia A

2017-01-01

Forest conservation and REDD+ projects invest millions of dollars each year to reduce local communities' dependence on forests and prevent forest loss and degradation. However, to date, there is limited evidence on whether these investments are effective at delivering conservation outcomes. We explored the relationships between 600+ small-scale conservation and development investments that occurred from 2007 to 2014 and conservation outcomes (deforestation rates and fire detections) within Ankeniheny-Zahamena Corridor in Madagascar using linear fixed effects panel regressions. We derived annual changes in forest cover and fires from satellite remote sensing. We found a statistically significant correlation between presence of any investment and reduced deforestation rates in 2010 and 2011 -years with accelerated deforestation elsewhere in the study area. This result indicated investments abated deforestation rates during times of political instability and lack of governance following a 2009 coup in Madagascar. We also found a statistically significant relationship between presence of any investment and reduced fire detections in the study area, suggesting investments had an impact on reducing burning of forest for agriculture. For both outcomes (i.e., deforestation rates and fire detections), we found that more dollars invested led to greater conservation outcomes (i.e. fewer fires or less deforestation), particularly when funding was sustained for one to two years. Our findings suggest that conservation and development investments can reduce deforestation and fire incidence, but also highlight the many challenges and complexities in assessing relationships between investments and conservation outcomes in a dynamic landscape and a volatile political context.

Determinants of Discretionary Investments

Directory of Open Access Journals (Sweden)

K. S. Sujit

2016-03-01

Full Text Available Theoretical and empirical studies have focused on discretionary investments such as research and development (R&D and advertisement as value-creating activities. This empirical research article examines the determinants of the discretionary investment policy of food sector firms in India. The study aims to analyze the impact of financial policies and firm characteristics on the discretionary investment strategy of the food industry firms. The article uses the partial least squares structural equation modeling (PLS-SEM to understand the drivers of discretionary investment policy of food sector firms. The study finds that investment policy of firms is a major determinant of profitability of food sector firms. Higher investments in capital expenditures and working capital result in higher profitability. Management efficiency significantly influences firm profitability. The results suggest that riskier firms in food sector might focus on R&D investments as a strategy to generate more cash flows. Size of firm is negatively related to R&D intensity. Smaller firms in food sector tend to invest more in R&D. The study does not provide evidence to suggest that profitable firms invest more in R&D activities.

Development Strategies for Tourism Destinations: Tourism Sophistication vs. Resource Investments

OpenAIRE

Rainer Andergassen; Guido Candela

2010-01-01

This paper investigates the effectiveness of development strategies for tourism destinations. We argue that resource investments unambiguously increase tourism revenues and that increasing the degree of tourism sophistication, that is increasing the variety of tourism related goods and services, increases tourism activity and decreases the perceived quality of the destination's resource endowment, leading to an ambiguous effect on tourism revenues. We disentangle these two effects and charact...

Development of Investment Activities of Commercial Insurance Companies in Slovak, Czech and Austrian Insurance Markets in 2004-2009

Directory of Open Access Journals (Sweden)

Marek Meheš

2011-05-01

Full Text Available The contribution deals with investments of commercial insurance companies operating in Slovak, Czech and Austrian insurance market in the period of 2004–2009. First of all, development of technical reserves volume as an important prerequisite of investing of commercial insurance companies will be characterized. After that, we evaluate financial placements and investment activities – ratio of total investments and technical reserves. We also present statistical tests by means of which we examine the existence of the relation between the volume of technical reserves and the volume of investments of commercial insurance companies.

Institutional System Development for Outward Foreign Direct Investment in China and Russia

DEFF Research Database (Denmark)

Marinova, Svetla Trifonova; Child, John; Marinov, Marin Alexandrov

This paper examines institutional formation and institutional entrepreneurship relating to outward foreign direct investment (OFDI) in China and Russia since the beginning of their market-oriented economic reforms. It focuses on the stages of OFDI institutional development during these periods...

Innovative financing for late-stage global health research and development: the Global Health Investment Fund.

Science.gov (United States)

Fitchett, Joseph Robert; Fan Li, Julia; Atun, Rifat

2016-01-01

Innovative financing strategies for global health are urgently needed to reinvigorate investment and new tools for impact. Bottleneck areas along the research and development (R&D) pipeline require particular attention, such as the transitions from preclinical discovery to clinical study, and product development to implementation and delivery. Successful organizations mobilizing and disbursing resources through innovating financing mechanisms include UNITAID, the Global Fund, and Gavi, the Vaccine Alliance. Although precise numbers are poorly documented, estimated investment in low-income settings falls seriously short of local need. This commentary discusses the newly established Global Health Investment Fund as a case study to support late-stage global health R&D. © The Author 2015. Published by Oxford University Press on behalf of Royal Society of Tropical Medicine and Hygiene. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

[Are investment activity and backlog in investments risks for university medicine in Germany?].

Science.gov (United States)

Amann, I; Heyder, R; Strehl, R

2009-08-01

University medicine in Germany requires significantly higher funding and investment because its tasks not only include health care but also research and teaching. However, over recent decades less and less funding compared to the development of the turnover has been available. This trend is due to decreasing public funding. The diminishing funding has caused a major backlog of investment at German university hospitals. The first part of the article summarizes the investments policies at university hospitals and other hospitals. The second part describes the investment needs in university medicine and exposes risk factors for research, education and health care due to the process of investment planning and realization. Goal-oriented solutions are shown to facilitate investments. The third part discusses several risks caused by insufficient investments in university medicine. There are special risks for research, teaching, and the capacity for innovation in university medicine besides economical and medical risks. Some policies and financial strategies to overcome the backlog in investments are presented. After a summary, the article concludes with some practical examples of further measures to ensure sustainable funding.

Investment, regulation, and uncertainty

Science.gov (United States)

Smyth, Stuart J; McDonald, Jillian; Falck-Zepeda, Jose

2014-01-01

As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. While this is relatively straight forward, certain conditions need to exist such that investments can be facilitated. The principle requirement for investment is that regulatory frameworks render consistent and timely decisions. If the certainty of regulatory outcomes weakens, the potential for changes in investment patterns increases.   This article provides a summary background to the leading plant breeding technologies that are either currently being used to develop new crop varieties or are in the pipeline to be applied to plant breeding within the next few years. Challenges for existing regulatory systems are highlighted. Utilizing an option value approach from investment literature, an assessment of uncertainty regarding the regulatory approval for these varying techniques is undertaken. This research highlights which technology development options have the greatest degree of uncertainty and hence, which ones might be expected to see an investment decline. PMID:24499745

Investment banks in AIC – alternative loan

Directory of Open Access Journals (Sweden)

O.V. Lysenok

2015-03-01

Full Text Available Determining the status and problems of modern investment in agricultural enterprises, as well as ways to improve their financial security. The article deals with the essence of investments and their varieties. The dynamics of the securities portfolio of domestic banks and investments in agriculture. According to a study submitted proposals to increase investment banking businesses in the agricultural sector, which is necessary to create such conditions are not included in the calculation of the volume of investment regulations investment banking provided by agribusiness companies; availability of specialized banks, which will focus its resources on the development of agricultural enterprises; give banks the opportunity to issue special investment certificates, which received funds will be channeled exclusively on investing in the development of agricultural enterprises; for the above to create an appropriate legal framework.

Missouri airport investment study

Science.gov (United States)

The studys purpose is to provide MoDOT with insight to the potential ROI for airport : investments in terms of economic development. To do so, this study addresses two central : objectives: first, an approach to evaluate airport investments; and s...

The energetic implications of curtailing versus storing wind- and solar-generated electricity

Science.gov (United States)

Barnhart, C. J.; Dale, M.; Brandt, A. R.; Benson, S. M.

2013-12-01

Rapid deployment of power generation technologies harnessing wind and solar resources continues to reduce the carbon intensity of the power grid. But as these technologies comprise a larger fraction of power supply, their variable, weather-dependent nature poses challenges to power grid operation. Today, during times of power oversupply or unfavorable market conditions, power grid operators curtail these resources. Rates of curtailment are expected to increase with increased renewable electricity production. That is unless technologies are implemented that can provide grid flexibility to balance power supply with power demand. Curtailment is an obvious forfeiture of energy and it decreases the profitability of electricity from curtailed generators. What are less obvious are the energetic costs for technologies that provide grid flexibility. We present a theoretical framework to calculate how storage affects the energy return on energy investment (EROI) ratios of wind and solar resources. Our methods identify conditions under which it is more energetically favorable to store energy than it is to simply curtail electricity production. Electrochemically based storage technologies result in much smaller EROI ratios than large-scale geologically based storage technologies like compressed air energy storage (CAES) and pumped hydroelectric storage (PHS). All storage technologies paired with solar photovoltaic (PV) generation yield EROI ratios that are greater than curtailment. Due to their low energy stored on electrical energy invested (ESOIe) ratios, conventional battery technologies reduce the EROI ratios of wind generation below curtailment EROI ratios. To yield a greater net energy return than curtailment, battery storage technologies paired with wind generation need an ESOIe>80. We identify improvements in cycle life as the most feasible way to increase battery ESOIe. Depending upon the battery's embodied energy requirement, an increase of cycle life to 10

Political dilemmas in peripheral development: investment, regulation, and interventions in metropolitan Amsterdam

NARCIS (Netherlands)

Savini, F.

2013-01-01

Today's metropolis is polycentric. Core city borders are undergoing major transformations and the urban periphery is becoming an attractive area for investment as well as an experimental ground for planning innovation. Yet, its development entails deep political tension. This paper starts from the

Stabilized super-thermite colloids: A new generation of advanced highly energetic materials

Science.gov (United States)

Elbasuney, Sherif; Gaber Zaky, M.; Radwan, Mostafa; Mostafa, Sherif F.

2017-10-01

One of the great impetus of nanotechnology on energetic materials is the achievement of nanothermites (metal-oxide/metal) which are characterized by massive heat output. Yet, full exploitation of super-thermites in highly energetic systems has not been achieved. This manuscript reports on the sustainable fabrication of colloidal Fe2O3 and CuO nanoparticles for thermite applications. TEM micrographs demonstrated mono-dispersed Fe2O3 and CuO with an average particle size of 3 and 15 nm respectively. XRD diffractograms demonstrated highly crystalline materials. SEM micrographs demonstrated a great tendency of the developed oxides to aggregate over drying process. The effective integration and dispersion of mono-dispersed colloidal thermite particles into energetic systems are vital for enhanced performance. Aluminum is of interest as highly energetic metal fuel. In this paper, synthesized Fe2O3 and CuO nanoparticles were re-dispersed in isopropyl alcohol (IPA) with aluminum nanoparticles using ultrasonic prope homogenizer. The colloidal thermite peraticles can be intgegrated into highly energetic system for subsequent nanocomposite development. Thanks to stabilization of colloidal CuO nanoparticles in IPA which could offer intimate mixing between oxidizer and metal fuel. The stabilization mechanism of CuO in IPA was correlated to steric stabilization with solvent molecules. This approach eliminated nanoparticle drying and the re-dispersion of dry aggregates into energetic materials. This manuscript shaded the light on the real development of colloidal thermite mixtures and their integration into highly energetic systems.

Developing Equity Culture and Partnerships in the Investment Market: a Study on Iran’s over the Counter Market

Directory of Open Access Journals (Sweden)

Mehdi SALEHI

2012-03-01

Full Text Available The equity culture has an effective role in developing investment market and represents economic development. In the current study, polling and questionnaire method was used to determine the approach of organizational stockholders and exchange stockbrokers to over the counter market (OTC role in developing partnerships and equity culture in the investment market of Iran. The results demonstrate that the statistical population deems the transparency of Iran’s OTC market favorable and that the OTC market has acceptable trading expenses for investors and company’s involvement. Also, in addition to adequate supporting and educational facilities in Iran’s OTC market, there is the potential for innovation and diversity in trading opportunities for investors and individuals and reduces investor’s risks for investment and involvement in the investment market. Also there is no significant dereference between the approaches of organizational shareholders and exchange stockbrokers with regards to the discussed variables.

DETERMINATION OF THE OPTIMAL CAPITAL INVESTMENTS TO ENSURE THE SUSTAINABLE DEVELOPMENT OF THE RAILWAY

Directory of Open Access Journals (Sweden)

O. I. Kharchenko

2015-04-01

Full Text Available Purpose. Every year more attention is paid for the theoretical and practical issue of sustainable development of railway transport. But today the mechanisms of financial support of this development are poorly understood. Therefore, the aim of this article is to determine the optimal investment allocation to ensure sustainable development of the railway transport on the example of State Enterprise «Prydniprovsk Railway» and the creation of preconditions for the mathematical model development. Methodology. The ensuring task for sustainable development of railway transport is solved on the basis of the integral indicator of sustainable development effectiveness and defined as the maximization of this criterion. The optimization of measures technological and technical characters are proposed to carry out for increasing values of the integral performance measure components. To the optimization activities of technological nature that enhance the performance criteria belongs: optimization of the number of train and shunting locomotives, optimization of power handling mechanisms at the stations, optimization of routes of train flows. The activities related to the technical nature include: modernization of railways in the direction of their electrification and modernization of the running gear and coupler drawbars of rolling stock, as well as means of separators mechanization at stations to reduce noise impacts on the environment. Findings. The work resulted in the optimal allocation of investments to ensure the sustainable development of railway transportation of State Enterprise «Prydniprovsk Railway». This allows providing such kind of railway development when functioning of State Enterprise «Prydniprovsk Railway» is characterized by a maximum value of the integral indicator of efficiency. Originality. The work was reviewed and the new approach was proposed to determine the optimal allocation of capital investments to ensure sustainable

Emerging countries’ multinational companies investing in developed countries: at odds with the HOS paradigm?

Directory of Open Access Journals (Sweden)

Andreff, Wladimir

2013-04-01

Full Text Available The paper analyses the new trend of outward foreign direct investment (FDI by multinational companies from emerging countries, in particular the BRICs, in developed countries to question the applicability of the traditional HOS theoretical framework to this trend. A literature review shows that labour costs do not play any significant role in the first attempts to provide an analytical explanation of this new trend. A HOS equation, amended in order to encompass FDI, is elaborated in order to explain outward FDI from developed to developing and emerging countries based on differences in labour endowment and therefore in wage rates. Step by step, the equation introduces the technological gap, institutions and government policies. Then it is shown that such equation when reversed to explain outward FDI from emerging to developed countries is at odds with the traditional HOS framework. Turning the HOS theory upside down does not help to explain reverse FDI outflows from emerging to developed countries. An alternative approach is called for, in which a labour cost advantage (a lower wage rate than abroad is a home market advantage for emerging countries to invest abroad. A final section provides some empirical examples that labour matters and a lower home wage rate is a decisive comparative advantage for Indian and Chinese multinationals investing in developed countries. Additional evidence shows that the technological gap and the home country’s institutions and government policy matter as well

Environmental investment funds. Investing into the future. Umweltfonds. Investieren in die Zukunft

Energy Technology Data Exchange (ETDEWEB)

Homolka, W [Bayerische Hypotheken- und Wechsel-Bank AG, Muenchen (Germany)

1990-01-01

The book wants to show that ecologically oriented and socially responsible investment has so far been underrated as a criterion of choice for finance decisions. Environmental investment funds offer the chance to make important investments into the future and the development of new technologies and methods of production, provided the openness of their claim is appreciated which is to go for anything that will improve our environment. Such confidence in the positive forces of the market is adequately rewarded, as international examples show. Environmental investment funds are a form of finance management for far-sighted investors and who are committed to the environment. The author presents the bases of ethic-ecologically oriented fund investment, reports experience abroad, and gives a current overview of the situation, nationally and internationally, in this sector of the finance market. (orig./HSCH).

Development of the System of Investment Support of Projects in the Industrial-Innovative Development of Kazakhstan

Science.gov (United States)

Doskaliyeva, Bayan B.; Orynbassarova, Yerkenazym D.; Omarkhanov?, Zhibek M.; Karibaev, Yerkebulan S.; Baimukhametova, Ayagul S.

2016-01-01

The purpose of this study is to determine specific features of investment regulation mechanism aimed at providing effective implementation of projects in the context of industrial-innovative development of Kazakhstan. There the used the system of general scientific and special research methods providing the possibility to disclose processes and…

Business investment in research and development (R-D: business strategy for the 21st century in Puerto Rico?

Directory of Open Access Journals (Sweden)

Manuel Lobato Vico

2013-10-01

Full Text Available Two thirds (67% of total investment in Research and Development (R-D activities in Puerto Rico is made by the business sector. This paper analyzes the data from the Pilot Survey on Research and Development and finds that a group of startups or new enterprises focused on R-D activities has been developed, but the total amount of R-D investment is not enough to consider this as a generalized strategy or one of deep impact on the economy. Corporate investment in R-D in Puerto Rico is strongly associated with subsidiaries of multinational corporations from the United States, as well as with specific industrial subsectors, in particular with the chemical industry (pharmaceutical and the subsector of research and development services.

Observation of enhanced radial transport of energetic ion due to energetic particle mode destabilized by helically-trapped energetic ion in the Large Helical Device

Science.gov (United States)

Ogawa, K.; Isobe, M.; Kawase, H.; Nishitani, T.; Seki, R.; Osakabe, M.; LHD Experiment Group

2018-04-01

A deuterium experiment was initiated to achieve higher-temperature and higher-density plasmas in March 2017 in the Large Helical Device (LHD). The central ion temperature notably increases compared with that in hydrogen experiments. However, an energetic particle mode called the helically-trapped energetic-ion-driven resistive interchange (EIC) mode is often excited by intensive perpendicular neutral beam injections on high ion-temperature discharges. The mode leads to significant decrease of the ion temperature or to limiting the sustainment of the high ion-temperature state. To understand the effect of EIC on the energetic ion confinement, the radial transport of energetic ions is studied by means of the neutron flux monitor and vertical neutron camera newly installed on the LHD. Decreases of the line-integrated neutron profile in core channels show that helically-trapped energetic ions are lost from the plasma.

Analysis of the energetic sector through the national energetic matrix

International Nuclear Information System (INIS)

Garzon Lozano, Enrique

2007-01-01

The author shows the results of the national energetic balance 1975-2005, through the energetic matrix of the country, giving an annual growth of 5.1% in this period of offer of primary energy, where the mineral coal participates with 9,6%, the hydraulic energy with 4,8%, natural gas with 4,2%, trash with 2,4% and petroleum with 2,2%, while the firewood fell in 0,5%

Investing in Saskatchewan, sustaining energy development: proceedings of the 8. Saskatchewan petroleum conference

International Nuclear Information System (INIS)

1999-01-01

The theme of the 8. Saskatchewan Petroleum Conference 'Investing in Saskatchewan - Sustaining Energy Development' was explored in 33 papers presented in sessions on operations and facilities, reservoir engineering, exploration and development, improved oil recovery, fluid properties and phase behavior, well logging and completions and environmental concerns. Papers are indexed separately

24 CFR 954.500 - Repayment of investment.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Repayment of investment. 954.500... DEVELOPMENT INDIAN HOME PROGRAM Program Administration § 954.500 Repayment of investment. (a) HOME funds will be made available pursuant to a HOME Investment Partnership Agreement. The agreement ensures that...

Perspectives of state investment policy in Russia

Directory of Open Access Journals (Sweden)

Rumyantseva Anna

2018-01-01

Full Text Available The state investment policy is an important mechanism for the country economy development. The main elements of the state investment policy allow us to outline the ways of this process development in order to increase the economic growth rates and overcome the investment climate complexities.

24 CFR 1006.235 - Types of investments.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Types of investments. 1006.235... DEVELOPMENT NATIVE HAWAIIAN HOUSING BLOCK GRANT PROGRAM Eligible Activities § 1006.235 Types of investments... use NHHBG funds for affordable housing activities in the form of equity investments, interest-bearing...

Examining the Regional Aspect of Foreign Direct Investment to Developing Countries

DEFF Research Database (Denmark)

Sunesen, Eva Rytter

This paper applies a general-to-specific analysis to detect regularities in the driving forces of foreign direct investment (FDI) that can explain why some regions are more attractive to foreign investors than others. The results suggest that regional differences in FDI inflows to African, Asian...... at improving the investment climate for foreign investors. This also means that there is no African bias. Among a large number of return and risk variables applied in the empirical literature, growth and inflation turn out to be the only robust and significant FDI determinants across regions although the size...... and Latin American countries can be fully explained by structural characteristics rather than fixed regional effects. The implication of this finding is that countries that are lagging behind other developing countries in attracting foreign capital have the opportunity to implement policies aimed...

Analysis of energetic exploitation of straw in Vojvodina

International Nuclear Information System (INIS)

Dodic, Sinisa N.; Dodic, Jelena M.; Popov, Stevan D.; Zekic, Vladislav N.; Rodic, Vesna O.; Tica, Nedeljko Lj.

2011-01-01

The Autonomous Province of Vojvodina is an autonomous province in the Republic of Serbia. It is located in the northern part of the country, in the Pannonia plain. Vojvodina is an energy-deficient province. The average yearly quantity of the cellulose wastes in Vojvodina amounts to about 9 millions tons barely in the agriculture, and the same potential on the level of Serbia estimates to almost 13 million tons. This study gives the analysis of energetic exploitation of straws from stubble cereals processed in different forms. Costs for the equipment that uses biomass in the EU are approximately two times higher with respect to those for the equipment for combustion of natural gas or of fuel oil. Costs of investments for combustion of biomass in Vojvodina if compared with the cited data are approximately for 40-50% lower. The difference of the investment costs for the construction of such units is because units for straw combustion designed and constructed in our country, have neither the complicated devices for manipulation of fuels, nor the devices for the waste gasses processing. The definite conclusions about the economic justification of the energetic exploitation of stubble straws can be obtained only by comparison of costs of the so obtained energy, with the costs of energy obtained through the combustion of classical fuels. Previous comparisons were the most often based on the comparisons of value of prices of the equivalent straw quantity with the process of fuel oil of other classical fuels. Such the comparisons leaded to the very positive evaluations of the economical effects of straws, without taking into account the realizability of the named method. Namely, comparisons of straw and fuel oil hardly could lead to the conclusion that these two fuels are mutually substitutable. According to its physical properties, straw is most similar to firewood, but the preciousness and lacking of this the very resource excludes it from the comparative analysis, so

Investigating the factors affecting the investment decision in residential development.

OpenAIRE

Narang, Somil

2007-01-01

The purpose of this project is to provide a rare insight into the motivation behind residential property investors when looking to purchase an apartment. The factors driving demand preferences for housing are constantly changing, difficult to measure, and often deemed to be a complex bundle of attributes. The project attempts to answer the following questions: What are the factors affecting the investment decision in a Residential Development? To identify the significance and weight of su...

Exa mining The Measurement Methods of Investment Properties of Real Estate Investment Trusts According to Turkish Accounting Standard 40: Investment Properties Standard

Directory of Open Access Journals (Sweden)

Emine Çına Bal

2015-03-01

Full Text Available Recently, the real estate industry has developed rapidly in Turkey. As an investment tool,investment in real estate became essential. Within the framework of the Capital Markets Law, organized by the Capital Markets Board of Turkey real estate investment trusts, real estate, real estate-based projects, and real estate capital market instruments by investing in a portfolio management company operating in the specific type. In this study, measurement methods of investment properties after recogn 31 real estate investment trust companies that traded in Borsa Istanbul is analyzed in order to examine the effect of policy selection on return on equity, return on asset and market to book value ratio of the companies’ financial statements and disclosures by using the nonparametric test of Mann-Whitney U Test. Non-consolidated financial statements and disclosures for 2013 of 21 real estate investment trust companies is included to the examination. Results of the test that is individually applied for each ratio show that the effect of policy selection on the ratios is statistically insignificant.

Financing investment in environmentally sound technologies: Foreign direct investment versus foreign debt finance

International Nuclear Information System (INIS)

Anyangah, Joshua Okeyo

2010-01-01

This paper develops a screening model to examine the relationship between alternative sources of private capital and investment in environmentally sound technologies (ESTs). In the model, a polluter (agent) must secure investment funds from the international financial markets in order to upgrade its production and abatement technology. The requisite capital can be obtained via either market loans (debt finance) or foreign direct investment (FDI). Under debt finance, the foreign financier supplies only capital and the relationship between the two parties is more 'arms-length'. By contrast, under FDI, the investor delivers both capital and managerial skills. We use the model to derive the implications of debt finance for optimal investment decisions and compare them to those obtained under FDI. Investment incentives are more pronounced under debt finance. (author)

Development of assessment model for demand-side management investment programs in Korea

International Nuclear Information System (INIS)

Lee, Deok Ki; Park, Sang Yong; Park, Soo Uk

2007-01-01

The goal of this study is the development of the assessment model for demand-side management investment programs (DSMIPs) in the areas of natural gas and district heating. Demand-side management (DSM) is the process of managing the consumption of energy to optimize available and planned generation resources and DSMIPs are the actions conducted by energy suppliers to promote investment in the DSM. In this research, the analytic hierarchy process (AHP) method was used to develop a scientific and rational assessment model for DSMIPs. To apply the AHP method, assessment indicators for the assessment have been identified by using the concept of 'plan, do, see' and the decision-making hierarchy was established. Then AHP model was developed to set up the priorities of assessment indicators and a survey of experts from government and energy suppliers was carried out. Finally, the priorities of assessment indicators were calculated based on the result of survey using the AHP method. The assessment model developed from this research will actually be used to assess the results of DSMIPs, which is being carried out by Korea gas corporation (KOGAS) and Korea district heating corporation (KDHC). The use of the assessment model developed by this research is expected to contribute to enhance efficiency in planning, execution, and assessment of DSMIPs

[Research on investing methods and mold cooling methods of the self-made investment for pure titanium castings].

Science.gov (United States)

Zhao, Juan; Huang, Xu; Zhao, Yun-Feng; Xiao, Mao-Chun; Li, Yong

2006-10-01

To observe the influence of different investing methods and mold cooling methods on pure titanium castings invested in the self-made investment, and to provide theoretic base for the development for the investment. The influence of investing methods (one-step investing method and two-step investing method) on castability and crown fit of titanium castings were investigated, and the influence of cooling methods on reaction layers, mechanical properties and crown fit of titanium castings were investigated. Both the investing methods exhibited good castability, but only the titanium full crowns by one-step investing method showed clinically acceptable fit. Although the quenching group showed thinner reaction layer(100 microm), lower strength and similar elongation rate, the titanium castings by bench cooling showed clinically acceptable full crown fit with 115 microm thick reaction layer as cast. The one-step investing method and the bench cooling are recommended for the self-made investment.

On attracting investment to Russian economy

Directory of Open Access Journals (Sweden)

Oleinik Elena

2017-01-01

Full Text Available Modern conditions of economic systems development have necessitated more precise directions of investment process for the economic growth to accelerate. The precipitous fall of oil prices that occurred in the second half of 2014 weighed heavily on foreign direct investment flows to oilexporting countries. The problem of attracting investment is one of the key problems of economic development. The aim of this study is to analyze and evaluate the shifts in the structure of investments, the study of the structure of investments to the Russian economy. Structural changes result from differences in the growth rate of the elements forming an economic system. An integral coefficient has been used for evaluation of structural changes. Multiple regression was used to analyze the impact of various factors on the change in structure of investment. The regression coefficients in the model give quantitative assessment of the pace of change in the structure as it depends on a specific factor. The model estimation shows that the variables “share of investments in manufacturing” (positive influence and “share of investments in the health, physical culture, education” (negative influence have the largest t-values. Hence, these two factors influence the structural changes in investments most strongly The evaluation and analysis of the structural shifts may lead to conclusions regarding the efficiency of the structure investment and adjustment of the economic policy.

School Leadership Preparation and Development in Kenya: Evaluating Performance Impact and Return on Leadership Development Investment

Science.gov (United States)

Asuga, Gladys; Eacott, Scott; Scevak, Jill

2015-01-01

Purpose: The purpose of this paper is to evaluate the quality of the current provision for school leadership in Kenya, the extent to which they have an impact on student outcomes and the return on school leadership preparation and development investment. Design/Methodology/Approach: The paper draws from educational leadership, management and…

Multilateral negotiations in foreign investment

Directory of Open Access Journals (Sweden)

David Orlando Ruiz Castro

2016-04-01

Full Text Available Direct foreign investment is one of the most important economic variables in the world. Aspects related to international investment agreements are reaching an outstanding place in economic international diplomacy. Nowadays, in the multilateral level there is not an agreement regarding investment and therefore this study is focused on this particular type of agreement. In order to reach this objective this study shows, first of all, how different attempts have been developed to get a multicultural a agreement regarding investment, and to refuse the general opinion that says that exponential growth of foreign investment flows in recent years has given impulse to launch a multilateral investment agreement. Secondly, this study discusses about regulations related to foreign investment under current WTO regulations, such as investment, measure agreements, and service agreement. Then, it analyzes what has happened inside the WTO from the creation of the investment team at the Singapore Conference to the failed Conference in Cancun. Finally, it analyzes the main arguments against the multilateral agreement and the effects of future possible multilateral negotiations in investment and it ends with some recommendations and conclusions.

Flare energetics

Science.gov (United States)

Wu, S. T.; Dejager, C.; Dennis, B. R.; Hudson, H. S.; Simnett, G. M.; Strong, K. T.; Bentley, R. D.; Bornmann, P. L.; Bruner, M. E.; Cargill, P. J.

1986-01-01

In this investigation of flare energetics, researchers sought to establish a comprehensive and self-consistent picture of the sources and transport of energy within a flare. To achieve this goal, they chose five flares in 1980 that were well observed with instruments on the Solar Maximum Mission, and with other space-borne and ground-based instruments. The events were chosen to represent various types of flares. Details of the observations available for them and the corresponding physical parameters derived from these data are presented. The flares were studied from two perspectives, the impulsive and gradual phases, and then the results were compared to obtain the overall picture of the energics of these flares. The role that modeling can play in estimating the total energy of a flare when the observationally determined parameters are used as the input to a numerical model is discussed. Finally, a critique of the current understanding of flare energetics and the methods used to determine various energetics terms is outlined, and possible future directions of research in this area are suggested.

Oman: Current status, upstream and export developments, investment opportunities

International Nuclear Information System (INIS)

Skeet, I.

1994-01-01

Oil production in Oman has consistently increased since 1980 to reach its current level of ca 800,000 bbl/d. Reserves total ca 5 billion bbl and gas reserves are over 20 trillion ft 3 , of which a third is being dedicated for export. The main operator is Petroleum Development Oman (PDO), which is 60% owned by the Omani government. Some production areas are taken up by other companies under production sharing contracts. Gas is used for local industrial purposes and a third of gas reserves are being dedicated to a liquefied natural gas export scheme planned to be on-stream by 2000. The government has been seeking foreign investment and increasing private-sector participation, an example being a Belgian-Omani consortium to construct a 100-MW gas-fired power station. However, opportunities for investing in the upstream oil/gas sector are limited since most prospective areas have already been taken up. The economic, political, and social problems which may affect future investment are discussed. Oman is essentially a one-resource economy and declines in oil prices have led to widening government deficits. Social expectations created by the oil-financed welfare state make it difficult for government expenditures to be cut back. There is lack of public debate in the state-controlled media and no public participation in policy and decision making. There is a perception of widening corruption in government and a nascent movement toward a more rigid Islamic view of society. Controls are needed to maintain a reasonable balance between oil revenues and public expenditures, while pressures from an increasingly literate and numerous population will demand changes to the traditional autocratic system of government. 5 figs., 2 tabs

Pension fund sophistication and investment policy

NARCIS (Netherlands)

de Dreu, J.|info:eu-repo/dai/nl/364537906; Bikker, J.A.|info:eu-repo/dai/nl/06912261X

This paper assesses the sophistication of pension funds’ investment policies using data on 748 Dutch pension funds during the 1999–2006 period. We develop three indicators of sophistication: gross rounding of investment choices, investments in alternative sophisticated asset classes and ‘home bias’.

Development of Information and Analytical System of the Assessment of Investment Appeal of Regions of the Russian Federation

Directory of Open Access Journals (Sweden)

Alla Eduardovna Kalinina

2016-06-01

Full Text Available In the article techniques of the assessment of investment appeal of regional industries are analyzed, relevance of investments into development of industrial branches as major factor of economic development is substantiated. The analysis of the existing techniques showed lack of uniform approach to the choice of indicators of an assessment of investment appeal of regional industries, formation of a technique, and to the tools of its realization. The research presents the author’s technique of assessing the investment appeal of regional industries by separate types of economic activity: mining, the processing productions, production and distribution of the electric power, gas and water. The purpose of this technique is identification of the perspective regions leading by this or that type of industrial activity the investment of which can bring the greatest return for the investor. The assessment of investment appeal of the industry of regions of the Russian Federation is based on calculation of integrated indicators according to the types of economic activity, the technique of a rating assessment is applied. Calculations of the offered technique are realized in the developed information and analytical system which basis is the storage of data, containing a set of the structured indicators. As a result, the offered technique is approved in the regions of the Russian Federation, results of a rating of investment appeal of the industry of regions of Russia for 2014 are received, the leading regions by each considered type of industrial activity are revealed. The special attention is paid to the analysis of regions of the Southern Federal District in comparison to the received values on all regions of the Russian Federation.

Developing a model to estimate the potential impact of municipal investment on city health.

Science.gov (United States)

Whitfield, Malcolm; Machaczek, Katarzyna; Green, Geoff

2013-10-01

This article summarizes a process which exemplifies the potential impact of municipal investment on the burden of cardiovascular disease (CVD) in city populations. We report on Developing an evidence-based approach to city public health planning and investment in Europe (DECiPHEr), a project part funded by the European Union. It had twin objectives: first, to develop and validate a vocational educational training package for policy makers and political decision takers; second, to use this opportunity to iterate a robust and user-friendly investment tool for maximizing the public health impact of 'mainstream' municipal policies, programs and investments. There were seven stages in the development process shared by an academic team from Sheffield Hallam University and partners from four cities drawn from the WHO European Healthy Cities Network. There were five iterations of the model resulting from this process. The initial focus was CVD as the biggest cause of death and disability in Europe. Our original prototype 'cost offset' model was confined to proximal determinants of CVD, utilizing modified 'Framingham' equations to estimate the impact of population level cardiovascular risk factor reduction on future demand for acute hospital admissions. The DECiPHEr iterations first extended the scope of the model to distal determinants and then focused progressively on practical interventions. Six key domains of local influence on population health were introduced into the model by the development process: education, housing, environment, public health, economy and security. Deploying a realist synthesis methodology, the model then connected distal with proximal determinants of CVD. Existing scientific evidence and cities' experiential knowledge were 'plugged-in' or 'triangulated' to elaborate the causal pathways from domain interventions to public health impacts. A key product is an enhanced version of the cost offset model, named Sheffield Health Effectiveness Framework

INVESTMENT ATTRACTIVENESS OF ENTERPRISES

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Nadiia Davydenko

2017-03-01

Full Text Available In the article the approaches to defining the essence of the concept of “investment attractiveness of enterprises” were analyzed. On the example of "Agrofirm Brusilov" depth analysis of the agricultural enterprises to evaluate of profitability, liquidity, solvency, financial stability, the timing of the return of invested funds and minimizing investment risks was conducted. To study methods of rating and system analysis were used. To justify the conditions of  increasing investment attractiveness farms method of scoring was used. It was established as a result of the use of integrated evaluation of the financial position one can see problem aspects of financial position of the company and develop measures to enhance liquidity, solvency, identify potential for raising the efficiency of company and prevention of financial crisis. The analysis of financial position showed that the management of the enterprise doesn’t  think  about  financial stability and solvency, does not understand the benefit of borrowed capital. Using research results in practice of agricultural enterprises allows us to give a real evaluation of investment attractiveness and justify ways to improve it. Key words: investments, investment attractiveness, potential business, financial position.

Elements of the new energetic policy in Macedonia

International Nuclear Information System (INIS)

Tomovski, Aleksandar

1995-01-01

In the field of the energetic policy and development in both energy production and energy consumption in Macedonia, one can fill an uncertainty and development concept absence. It is clear that this is a result of the stress that Macedonian economy suffers from after the disintegration of the former Yugoslavia as a market and economic unit, as well as of the establishment of different economic and market norms. It is obvious that in the energetics, as one of the basic economic sectors,the situation has to be stabilized very soon as well as in advance analysed right decisions have to be made. (author). 1 ill

Nuclear energy I, Non-energetic applications

International Nuclear Information System (INIS)

Lartigue G, J.; Navarrete T, M.; Cabrera M, L.; Arandia, P.A.; Arriola S, H.

1986-01-01

The nuclear energy is defined as the energy produced or absorbed in the nuclear reactions, therefore, these are divided in endothermic and exothermic. The exothermic nuclear reactions present more interest from the point of view of its applications and they can show in four main forms: radioactivity (from 0 to 4 MeV/reaction; light nucleus fusion ( ∼ 20 MeV/reaction), heavy nucleus fusion (∼ 200 MeV/reaction) and nucleons annihilation ( ∼ 2000 MeV/reaction). Nowadays only the fission has reached the stage of profitable energetic application, finding the other three forms in research and development. The non-energetic applications of the nuclear energy are characterized by they do not require of prior conversion to another form of energy and they are made through the use of radioisotopes as well as through the use of endothermic reaction caused in particle accelerators. In this work are presented some of the non-energetic applications with its theoretical and experimental basis as well as its benefits of each one. (Author)

Foreign Direct Investments and Human Capital Development in Subsaharan Africa

Directory of Open Access Journals (Sweden)

Luc NEMBOT NDEFFO

2010-12-01

Full Text Available The objective of the present study is to estimate the impact of foreign direct investments on human capital development in 32 Subsaharan African countries over the period 1980 – 2005. Human capital is captured by the percentage of children in full-time education in primary and secondary schools. Panel data regressions are used for the estimations. The results show a correlation not only between FDI and the percentage of children in full-time education in primary school but also between the FDI and the percentage of children in full-time education in secondary school. These results are not significant for that. This shows that FDI directed towards Sub-Saharan Africa still remain insufficient. That is why a lot of effort should be made in order to favour the attraction of FDI in this part of the continent. The other variables which have a positive and significant impact on the percentage of children in full-time education are: the domestic investment rate, public sector expenditures, life expectancy at birth and the growth rate of the gross domestic product per capita.

Measuring Return on Investment for Professional Development Activities: Implications for Practice.

Science.gov (United States)

Opperman, Cathleen; Liebig, Debra; Bowling, Judith; Johnson, Carol Susan; Harper, Mary

2016-01-01

What is the return on investment (ROI) for the time and resources spent for professional development activities? This is Part 2 of a two-part series to report findings and demonstrate how financial analysis of educational activities can drive decision-making. The resources consumed for professional development activities need to be identified and quantified to be able to determine the worth of such activities. This article defines terms and formulas for financial analysis for nursing professional development practitioners to use in analysis of their own programs. Three fictitious examples of common nursing professional development learning activities are provided with financial analysis. This article presents the "how to" for the busy practitioner.

The State Investment and Innovation Policy for Development of Forest Sector: the Ecological-Economic Aspects and Mechanisms for Implementation

Directory of Open Access Journals (Sweden)

Dzyubenko Oleksandr M.

2017-09-01

Full Text Available he need for formation of the State investment and innovation policy for development of forest sector has been substantiated as an important prerequisite for overcoming investment deficits in both the public and the corporate sectors of forest and wood processing production. The main tendencies in the implementation of capital investments by the entities of forestry entrepreneurship, dynamics of involvement of credit resources by forestry enterprises, and shifts in the structure of capital investments in 2016 were analyzed as compared to 2013. It has been found that an important part of the State investment and innovation policy for development of forest sector should be incentives to accelerate the modernization and upgrading of the material-technical base of lumbering and wood processing. The need to form an institutional framework for partnership between the State and business entities in the part of financing the projects of modernization of lumbering and wood processing equipment has been substantiated.

CONCEPTUAL APPROACHES TO FORMING MECHANISM OF INVESTMENT SAFETY REALIZATION

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Vladimir Talover

2016-11-01

Full Text Available The purpose of the paper is theoretical justification of theoretical approaches while developing the mechanism of the state investment safety. The tasks of the system of the national economy investment safety are the following: developing investment potential, creating favourable investment climate, forming mechanisms of stable investment activity in the key branches of economy. At the same time, it should also be noted that the complex approach that would allow sufficiently justifying and practically solve the problems of defining indicators, factors of the investment policy and directions of its assurance in realization of the mechanism of investment policy is not sufficiently developed nowadays. This fact determines research topicality. The issue of assuring investment safety is of a special importance in Ukraine that has to assure market economy development, to overcome deformations in the economy structure, to renew products and production apparatus in the industry, to master new kinds of activities. Methodology. The survey is based on the generalization and development of views of the scientific-economic schools, uses approaches of the international agencies and recommendation and normative materials of Ukraine concerning realization of the state investment policy as a totality of interrelated levels and subsystems that allows establishing main functions of the investment safety system. Results of the survey shows that the mechanism of investment safety includes some kinds, forms and methods of organizing investment relations and investment activity, ways of their quantitative determination and establishing interdependence. The concept of investment policy is based on the complex approach and includes the blocks which are locally structured in such way that they allow forming adequate system of its indicators and conducting monitoring of their changes under the influence of the determined factors. The peculiarities and elements of

Quinquennial National Program (1990-1994) for the Energetic Modernization

International Nuclear Information System (INIS)

1990-01-01

The Mexican Energetics Sector currently has the eighth possition regarding reserves of hydrocarbons and the sixth regarding oil production, the installed capacity in electricity matters is among the first 20 of the world. The Program established first, a general balance of the situation in which the energetics sector lays today. It also points out the strategic role that this sector holds, as well an on the solutions to the problems faced. This Program establishes the objectives pursued by the energetics sector and that are as follows: to guarantee enough supply of energetics, to strenghten the link between the energetics sector and economy, society and environmental protection, to consolidate an energetics sector that is more current and better integrated. This Program presents the proposal to tend to five priorities: productivity, saving and effective use of energy, financing of the development and expansion of the offer, to diversify sources, as well as an efficient participation in international markets. In the chapter the effort regarding supply and demand of energy, it is evident that the effort made to expand the offer must be great, facing the total demand of energy demonstrated by the figures. For 1994 this demmand is of 31 - 36 % greater to that observed in 1988. Lastly, two statistic documents are enclosed, one historic, with general pointers of the sector, and another with the basic variables for national energy balance

Considerations in Duplex Investment.

Science.gov (United States)

Wright, Arthur; Goen, Tom

Problems of duplex investment are noted in the introduction to this booklet designed to provide a technique by which the investment decision can be approached, develop estimates of typical costs and returns under differing conditions, and encourage investors to analyze objectives and conditions before the decision to buy or build is made. A…

Parental Socioeconomic Status, Communication, and Children's Vocabulary Development: A Third-Generation Test of the Family Investment Model

Science.gov (United States)

Sohr-Preston, Sara L.; Scaramella, Laura V.; Martin, Monica J.; Neppl, Tricia K.; Ontai, Lenna; Conger, Rand

2013-01-01

This third-generation, longitudinal study evaluated a family investment perspective on family socioeconomic status (SES), parental investments in children, and child development. The theoretical framework was tested for first-generation parents (G1), their children (G2), and the children of the second generation (G3). G1 SES was expected to…

Investment in flood protection measures under climate change uncertainty. An investment decision

Energy Technology Data Exchange (ETDEWEB)

Bruin, Karianne de

2012-11-01

Recent river flooding in Europe has triggered debates among scientists and policymakers on future projections of flood frequency and the need for adaptive investments, such as flood protection measures. Because there exists uncertainty about the impact of climate change of flood risk, such investments require a careful analysis of expected benefits and costs. The objective of this paper is to show how climate change uncertainty affects the decision to invest in flood protection measures. We develop a model that simulates optimal decision making in flood protection, it incorporates flexible timing of investment decisions and scientific uncertainty on the extent of climate change impacts. This model allows decision-makers to cope with the uncertain impacts of climate change on the frequency and damage of river flood events and minimises the risk of under- or over-investment. One of the innovative elements is that we explicitly distinguish between structural and non-structural flood protection measures. Our results show that the optimal investment decision today depends strongly on the cost structure of the adaptation measures and the discount rate, especially the ratio of fixed and weighted annual costs of the measures. A higher level of annual flood damage and later resolution of uncertainty in time increases the optimal investment. Furthermore, the optimal investment decision today is influenced by the possibility of the decision-maker to adjust his decision at a future moment in time.(auth)

Investment opportunities with YPFB capitalization

International Nuclear Information System (INIS)

Escobar, F.

1996-01-01

Investment opportunities with Yacimientos Petroliferos Fiscales Bolivianos (LPFB) in La Paz, Bolivia, were discussed, especially as they may be affected by the new Hydrocarbon Law No. 1689, whose main objective is to encourage investments in Bolivia and to increase production capacity through investors' incorporation. Some of the areas of potential importance examined included reserve development, transportation, upstream consulting, and hydrocarbon development

Musical Tasks and Energetic Arousal.

Science.gov (United States)

Lim, Hayoung A; Watson, Angela L

2018-03-08

Music is widely recognized as a motivating stimulus. Investigators have examined the use of music to improve a variety of motivation-related outcomes; however, these studies have focused primarily on passive music listening rather than active participation in musical activities. To examine the influence of participation in musical tasks and unique participant characteristics on energetic arousal. We used a one-way Welch's ANOVA to examine the influence of musical participation (i.e., a non-musical control and four different musical task conditions) upon energetic arousal. In addition, ancillary analyses of participant characteristics including personality, age, gender, sleep, musical training, caffeine, nicotine, and alcohol revealed their possible influence upon pretest and posttest energetic arousal scores. Musical participation yielded a significant relationship with energetic arousal, F(4, 55.62) = 44.38, p = .000, estimated ω2 = 0.60. Games-Howell post hoc pairwise comparisons revealed statistically significant differences between five conditions. Descriptive statistics revealed expected differences between introverts' and extraverts' energetic arousal scores at the pretest, F(1, 115) = 6.80, p = .010, partial η2= .06; however, mean differences failed to reach significance at the posttest following musical task participation. No other measured participant characteristics yielded meaningful results. Passive tasks (i.e., listening to a story or song) were related to decreased energetic arousal, while active musical tasks (i.e., singing, rhythm tapping, and keyboard playing) were related to increased energetic arousal. Musical task participation appeared to have a differential effect for individuals with certain personality traits (i.e., extroverts and introverts).

Biogas - energetical and environmental point of view

International Nuclear Information System (INIS)

Skele, A.; Upitis, A.; Kristapsons, M.; Goizevskis, O.; Ziemelis, I.

2003-01-01

Energy sector has been one of the most important priorities since reestablishment of independence of Latvia. The deficiency of energy resources in Latvia has created a need to assess all the possibilities to utilise all possibilities to utilise all the energy resources, including the biological ones, to motivate the trends in the development of energetic in Latvia. A huge non-utilised reserve in Latvia is methane fermentation of organic agricultural and municipal residue and sewage from food industry. The organic mass of solid and liquid waste of different origin and its energetic potential for rural region have been investigated. The work deals with an integrated system of the utilisation of agricultural waste with the anaerobic (biogas) and the thermal processes. Presently the anaerobic waste utilisation, in combination with the production of biogas and organic fertiliser, is considered as one of the energetically most efficient and environment-friendly ways of organic fertiliser utilisation (authors)

Development of an investment decision tool for aged nuclear power plants under uncertainty

International Nuclear Information System (INIS)

Takashima, Ryuta; Nagano, Koji

2010-01-01

The nuclear power generating stock in Japan, which provides 30% or more of the nationwide electricity supply in recent years, is heading into the era of plant aging as those units over 40 years of operation emerge in 2010 and onward. Under accumulating uncertainties surrounding investment decisions, one of the key questions is how best to manage the existing capacity by choosing a wisest option among dismantling, refurbishment, and replacement. This report attempts to develop a methodology to analyze investment decision on aged nuclear units based on real-option analysis, and then presents illustrative simulation runs to demonstrate functions of the numerical models. Major findings are summarized as follows: a) When compared with the conventional net present value (NPV) method, the proposed model is capable to deal with uncertainty explicitly by taking volatility in the formula. Also, for the replacement option, one can choose optimal timings of the dismantling the new plant independently. b) As the profitability increases, the model suggests different investment option as optimal, starting from dismantling to replacement, further to refurbishment, and again to replacement as the most basic pattern. Additionally, where two of the strategies have similar values, postponement of both decisions can be optimal. Through these exercises, the proposed methodology proved itself capable for raising valuable implications to investment decisions in managing the production fleet. (author)

Electricity market reforms: Institutional developments, investment dynamics and game modeling

Science.gov (United States)

Pineau, Pierre-Olivier

The reform trend of the 1990's in electricity markets recreates, to some extent, the institutional framework from which they developed one century ago. Although these reforms do not endeavor to completely remove regulation, the basic objectives of deregulation dwell on limiting central and governmental control over the industry in order to promote free competition at all possible levels. To assess whether the electricity industry is or is not moving back to a 19th century structure is not the goal of this thesis. We will rather try to understand on what grounds deregulation reforms stand and review how different countries and large utilities have reacted to this trend. The special nature of electricity (non-storable basic good, centrally produced) creates different obstacles in the restructuring of electricity markets, compared to other industries like the airline or telecommunication ones. For example, the dominant positions of some utilities, the production structure and the importance of electricity in modern life could transform these reforms in a threatening move for consumers. Another specific issue arising from deregulation, now that national energy policy goals no longer rule the behavior of utilities, is how investment will be coordinated in the new market. A key element to keep in sight is the competition level targeted by these reforms. To which extent full competition can really occur in electricity markets remains an unanswered question. Indeed, the oligopolistic structure of the market could prevent such an outcome. An investigation of the investment dynamics in such a context seems therefore appropriate, and this will be an important theme of the thesis. This work offers an analysis of deregulated electricity markets and studies the oligopolistic market dynamics that could prevail in the new structure. Two complementary approaches are used for these purposes. The first is institutional and presents a thorough illustration of the economic arguments

Optimisation of Investment Resources at Small Enterprises

Directory of Open Access Journals (Sweden)

Shvets Iryna B.

2014-03-01

Full Text Available The goal of the article lies in the study of the process of optimisation of the structure of investment resources, development of criteria and stages of optimisation of volumes of investment resources for small enterprises by types of economic activity. The article characterises the process of transformation of investment resources into assets and liabilities of the balances of small enterprises and conducts calculation of the structure of sources of formation of investment resources in Ukraine at small enterprises by types of economic activity in 2011. On the basis of the conducted analysis of the structure of investment resources of small enterprises the article forms main groups of criteria of optimisation in the context of individual small enterprises by types of economic activity. The article offers an algorithm and step-by-step scheme of optimisation of investment resources at small enterprises in the form of a multi-stage process of management of investment resources in the context of increase of their mobility and rate of transformation of existing resources into investments. The prospect of further studies in this direction is development of a structural and logic scheme of optimisation of volumes of investment resources at small enterprises.

Investments in liberalised power markets

International Nuclear Information System (INIS)

Grenaa Jensen, S.; Meibom, P.

2005-01-01

There is considerable uncertainty in the Nordic electricity system with respect to the long-term development in production capacity. The process towards liberalisation of the electricity sector started with a situation of a large capacity margin, but this margin is gradually vanishing. Since the potential investors in new production capacity are unaccustomed with investments under the new regime, it is unknown if and when investments will take place. The purpose of the present study is to analyze if and when investors choose to invest in new electricity production capacity depending on their existing portfolio of power producing units. Electricity price scenarios generated with a partial equilibrium model (Balmorel) are combined with a model of investment decisions. In this, various scenarios concerning the development in the Nordic power market, such as new transmission lines between neighbouring countries, more installed wind power, and changes in CO 2 emission trading costs, are used to investigate the consequences for investments in a natural gas fired, combined cycle power plant. The main result of the analysis is that new investments are highly sensitive to investors existing power production portfolio, as new production units affect the merit order in the power market, i.e. compete with the existing power plants. (au)

Energetic materials standards – Chemical compatibility

NARCIS (Netherlands)

Tuukkanen, I.M.; Bouma, R.H.B.

2014-01-01

Subgroup A Energetic Materials Team, SG/A (EMT), develops and maintains standards that are relevant to all life-cycle phases of ammunition/weapon systems. STANAG 4147 is the standard regarding chemical compatibility of explosives with munition components, and is a document of prime importance.

Introduction to global energetic problems

International Nuclear Information System (INIS)

Gicquel, R.

1992-01-01

This book gives a view on global energetic problems and proposes a thorough economic analysis on principle aspects taken into account: energy supply, depending energy sources and available technologic channels, relationships between macro-economy and energy demand, new size of energy problems (environmental effects, overcosts of renewable energy sources, necessity of an high technologic development...). 38 refs

Interaction in the large energetics companies in the Republic of Macedonia (Part 3)

International Nuclear Information System (INIS)

Janevski, Risto

2000-01-01

After the disintegration of former power energetic system of Yugoslavia 1991, the Republic of Macedonia has faced enormous problems in the energetic field. It was necessary to realize all options in order to secure enough electric power for normal economic capacities function. In that course a direct involvement of five large companies, which represent very significant energetic subjects, will largely determine the future energetic conditions and circumstances in our country. These are the following companies: P.E. Electric Power Co. of Macedonia; Heat Power Co.; HEK Jugohrom; Fenimak. In this paper the energetic system of the OKTA Crude Oil Refinery from 1991-1998 is analyzed, as well as its characteristics and plans for the future development

Selection of priority investment projects for the development of the Russian Arctic

Science.gov (United States)

Novoselov, A.; Potravny, I.; Novoselova, I.; Gassiy, V.

2017-12-01

In the Russian Arctic, there is currently an active process of preparation and implementation of investment projects aiming to extract natural resources, with the aim of sustainable socioeconomic development of the region. These projects are associated with the development of key zones in the Arctic and involve the exploration for and production of minerals (diamonds, gold, rare-earth metals, oil, and gas) and the development of energy and infrastructure (e.g., the Northern Sea Route). Such projects, which are often carried out in territories of traditional nature management belonging to the indigenous peoples of the North, must consider their environmental and social responsibility and the preservation of the ethnic identity and culture of indigenous peoples. The extraction of mineral deposits in the Arctic and the Far North places new demands on subsoil users, related to the preservation and development of the socio-cultural environment of the indigenous peoples of the North and to the ecological rehabilitation of the area. This article presents economic and mathematical models for selecting the optimal development project options based on the pairwise comparison of investment projects and the evaluation of indigenous peoples' preferences. We investigated the investment projects' impact on traditional territories in the Arctic, including the Republic of Sakha (Yakutia), in terms of socioeconomic and ethnological development, and environmental change. The suggested system of models can be used to assess the priority of projects supporting and developing the region in the mining corporation's area of responsibility. The proposed models are based on fuzzy set theory, which provides an effective assessment of the population's preferences for projects. Data are processed using the hierarchy analysis method and multivariate optimization calculations to determine the project sets at different funding levels. The creation of information-linked processing models is

Optimal Investment Control of Macroeconomic Systems

Institute of Scientific and Technical Information of China (English)

ZHAO Ke-jie; LIU Chuan-zhe

2006-01-01

Economic growth is always accompanied by economic fluctuation. The target of macroeconomic control is to keep a basic balance of economic growth, accelerate the optimization of economic structures and to lead a rapid, sustainable and healthy development of national economies, in order to propel society forward. In order to realize the above goal, investment control must be regarded as the most important policy for economic stability. Readjustment and control of investment includes not only control of aggregate investment, but also structural control which depends on economic-technology relationships between various industries of a national economy. On the basis of the theory of a generalized system, an optimal investment control model for government has been developed. In order to provide a scientific basis for government to formulate a macroeconomic control policy, the model investigates the balance of total supply and aggregate demand through an adjustment in investment decisions realizes a sustainable and stable growth of the national economy. The optimal investment decision function proposed by this study has a unique and specific expression, high regulating precision and computable characteristics.

SIMULATION OF ENERGETIC NEUTRAL ATOMS FROM SOLAR ENERGETIC PARTICLES

Energy Technology Data Exchange (ETDEWEB)

Wang, Linghua [Institute of Space Physics and Applied Technology, Peking University, Beijing 100871 (China); Li, Gang [Department of Space Science and CSPAR, University of Alabama in Huntsville, Huntsville, AL 35899 (United States); Shih, Albert Y. [Solar Physics Laboratory, NASA Goddard Space Flight Center, Greenbelt, MD 20770 (United States); Lin, Robert P. [Space Sciences Laboratory, University of California, Berkeley, CA 94720-7450 (United States); Wimmer-Schweingruber, Robert F., E-mail: wanglhwang@gmail.com [Institut fuer Experimentelle und Angewandte Physik, University of Kiel, Leibnizstrasse 11, D-24118 Kiel (Germany)

2014-10-01

Energetic neutral atoms (ENAs) provide the only way to observe the acceleration site of coronal-mass-ejection-driven (CME-driven) shock-accelerated solar energetic particles (SEPs). In gradual SEP events, energetic protons can charge exchange with the ambient solar wind or interstellar neutrals to become ENAs. Assuming a CME-driven shock with a constant speed of 1800 km s{sup –1} and compression ratio of 3.5, propagating from 1.5 to 40 R{sub S} , we calculate the accelerated SEPs at 5-5000 keV and the resulting ENAs via various charge-exchange interactions. Taking into account the ENA losses in the interplanetary medium, we obtain the flux-time profiles of these solar ENAs reaching 1 AU. We find that the arriving ENAs at energies above ∼100 keV show a sharply peaked flux-time profile, mainly originating from the shock source below 5 R{sub S} , whereas the ENAs below ∼20 keV have a flat-top time profile, mostly originating from the source beyond 10 R{sub S} . Assuming the accelerated protons are effectively trapped downstream of the shock, we can reproduce the STEREO ENA fluence observations at ∼2-5 MeV/nucleon. We also estimate the flux of ENAs coming from the charge exchange of energetic storm protons, accelerated by the fast CME-driven shock near 1 AU, with interstellar hydrogen and helium. Our results suggest that appropriate instrumentation would be able to detect ENAs from SEPs and to even make ENA images of SEPs at energies above ∼10-20 keV.

Rating in the Assessment of Investment Property

Directory of Open Access Journals (Sweden)

Śmietana Katarzyna

2014-07-01

Full Text Available The implementation of rating procedures is associated with searching for tools that provide an objective and standardized assessment of investment risk. For this reason, rating is an important and often essential element of investment decision-making processes which determines the development of the capital market, including the real estate investment market. In the investment property market, not only does rating provide transparency of property risk, but it can also be used for real estate portfolio analysis, investment controlling, and the analysis of factors determining investment decisions (ESV 2012.

Overseas Investment, Encouraging Long Journey

Institute of Scientific and Technical Information of China (English)

Janet Tang

2010-01-01

@@ In the context of the financial crisis,international capital flows,cross-border investment,as well as the mergers and acquisitions generally continues shrinking at a large range in 2009,while China's foreign investment and overseas cooperation still maintains a good momentum of development.

Overseas Investment,Encouraging Long Jonrney

Institute of Scientific and Technical Information of China (English)

Janet Tang

2011-01-01

@@ In the context of the financial crisis, international capital flows, cross-border investment, as well as the mergers and acquisitions generally continues shrinking at a large range in 2009, while China's foreign investment and overseas cooperation still maintains a good momentum of development.

Energetic strategies for the sustainable development of the isolated areas of Amazon

International Nuclear Information System (INIS)

Di Lascio, M.A.

1999-01-01

This article analyzes the economic and energetic situation of the 35 % Amazonian inhabitants that live in remote and isolated sites, inside the Amazon forest. Generally, deforestation begins in those places and rapidly occurs the destruction of local ecosystems. The poverty is everywhere and the energy supply is insufficient or nonexistent. The electric energy is generated with diesel, but its acquisition consumes all available income.The man is not adapted to the environment, and destroys the forest to increase profit and comfort, but without protection the soil fragility causes poverty. To conclude some case studies are presented. Finally, it is proposed an energy strategy to protect the environment, through an an economic development, based on the use of renewable energy. (author)

Multilateral development banks and socially responsible investments--the case of tobacco.

Science.gov (United States)

Lal, Pranay

2012-12-01

Globally, tobacco kills more people than HIV-related conditions or AIDS, tuberculosis and malaria combined. In 1991, The World Bank, the world's largest lender, pledged that it would no longer support tobacco-related projects. It was expected that other financial investors would follow, but most did not respond to this call. As a result, several financial institutions continue to invest in tobacco and fuel an epidemic to an unprecedented scale. Using tobacco as a case in point, this review highlights the continuing investments among financial institutions which do not conform to 'socially responsible investments' and calls for monitoring and reporting such unethical practices. The paper also underscores the need to harmonise the numerous criteria, principles and voluntary codes that govern socially responsible investing and ensure that financial institutions comply with them.

Theoretical Studies of Alfven Waves and Energetic Particle Physics in Fusion Plasmas

Energy Technology Data Exchange (ETDEWEB)

Chen, Liu [Univ. of California, Irvine, CA (United States)

2017-12-20

This report summarizes major theoretical findings in the linear as well as nonlinear physics of Alfvén waves and energetic particles in magnetically confined fusion plasmas. On the linear physics, a variational formulation, based on the separation of singular and regular spatial scales, for drift-Alfvén instabilities excited by energetic particles is established. This variational formulation is then applied to derive the general fishbone-like dispersion relations corresponding to the various Alfvén eigenmodes and energetic-particle modes. It is further employed to explore in depth the low-frequency Alfvén eigenmodes and demonstrate the non-perturbative nature of the energetic particles. On the nonlinear physics, new novel findings are obtained on both the nonlinear wave-wave interactions and nonlinear wave-energetic particle interactions. It is demonstrated that both the energetic particles and the fine radial mode structures could qualitatively affect the nonlinear evolution of Alfvén eigenmodes. Meanwhile, a theoretical approach based on the Dyson equation is developed to treat self-consistently the nonlinear interactions between Alfvén waves and energetic particles, and is then applied to explain simulation results of energetic-particle modes. Relevant list of journal publications on the above findings is also included.

77 FR 25152 - Applications for New Awards; Investing in Innovation Fund, Development Grants

Science.gov (United States)

2012-04-27

... DEPARTMENT OF EDUCATION Applications for New Awards; Investing in Innovation Fund, Development Grants Correction In notice document 2012-4357 appearing on pages 11087-11101 in the issue of Friday, February 24, make the following correction: 1. On page 11097, in the first column, in the first bulleted...

Investment incentives: regulation of the Finnish electricity distribution

International Nuclear Information System (INIS)

Kinnunen, Kaisa

2006-01-01

Investments into the electricity distribution network are needed to support competition and to guarantee the security of supply as well as a good quality of electricity. The aim of this paper is to study the ex post regulatory system in Finland in context of investment incentives. The second objective is to study how the investments in the sector have developed after the liberalisation and what seem to be the most important factors influencing investments in light of empirical information and how regulation affects them. The investment volumes vary much between years but on average, no drastic developments have taken place

Impact of Corporate Governance on Research and Development Investment in the Pharmaceutical Industry in South Korea.

Science.gov (United States)

Lee, Munjae

2015-08-01

The purpose of this study is to analyze the influence of the corporate governance of pharmaceutical companies on research and development (R&D) investment. The period of the empirical analysis is from 2000 to 2012. Financial statements and comments in general, and internal transactions were extracted from TS-2000 of the Korea Listed Company Association. Sample firms were those that belong to the medical substance and drug manufacturing industries. Ultimately, 786 firm-year data of 81 firms were included in the sample (unbalanced panel data). The shareholding ratio of major shareholders and foreigners turned out to have a statistically significant influence on R&D investment (p ratio of institutional investors and the ratio of outside directors. The higher the shareholding ratio of the major shareholders, the greater the R&D investment. There will be a need to establish (or switch to) a holding company structure. Holding companies can directly manage R&D in fields with high initial risks, and they can diversify these risks. The larger the number of foreign investors, the greater the R&D investment, indicating that foreigners directly or indirectly impose pressure on a manager to make R&D investments that bring long-term benefits.

Investment shocks and the relative price of investment

OpenAIRE

Justiniano, Alejandro; Primiceri, Giorgio E.; Tambalotti, Andrea

2009-01-01

We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. The second shock affects the production of installed capital from investment goods or, more broadly, the transformation of savings into future capital input. We find that this shock is the most important driver of U.S. business...

An automatic system to study sperm motility and energetics

OpenAIRE

Shi, LZ; Nascimento, JM; Chandsawangbhuwana, C; Botvinick, EL; Berns, MW

2008-01-01

An integrated robotic laser and microscope system has been developed to automatically analyze individual sperm motility and energetics. The custom-designed optical system directs near-infrared laser light into an inverted microscope to create a single-point 3-D gradient laser trap at the focal spot of the microscope objective. A two-level computer structure is described that quantifies the sperm motility (in terms of swimming speed and swimming force) and energetics (measuring mid-piece membr...

Photoactive energetic materials

Science.gov (United States)

Chavez, David E.; Hanson, Susan Kloek; Scharff, Robert Jason; Veauthier, Jacqueline Marie; Myers, Thomas Winfield

2018-02-27

Energetic materials that are photoactive or believed to be photoactive may include a conventional explosive (e.g. PETN, nitroglycerine) derivatized with an energetic UV-absorbing and/or VIS-absorbing chromophore such as 1,2,4,5-tetrazine or 1,3,5-triazine. Absorption of laser light having a suitably chosen wavelength may result in photodissociation, decomposition, and explosive release of energy. These materials may be used as ligands to form complexes. Coordination compounds include such complexes with counterions. Some having the formula M(L).sub.n.sup.2+ were synthesized, wherein M is a transition metal and L is a ligand and n is 2 or 3. These may be photoactive upon exposure to a laser light beam having an appropriate wavelength of UV light, near-IR and/or visible light. Photoactive materials also include coordination compounds bearing non-energetic ligands; in this case, the counterion may be an oxidant such as perchlorate.

The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

Directory of Open Access Journals (Sweden)

Milčiuvienė Saulė

2014-06-01

Full Text Available The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy targets, the stability of promotion schemes and the impartiality of national administrative procedure. The article explores two main questions: (i are the EU and Lithuanian energy policy targets and promotion schemes credible enough to convince private investors to put their money in renewable energy development; (ii does national administrative procedure put a disproportional burden on renewable energy investors or on certain group of investors? The assessment of the investment environment includes a large number of criteria, but we analyze three of them: the stability of long term strategy; the attractiveness of promotionmeasures; and the simplicity and transparency of administrative procedure. Two further criteria are investigated: the stability of targets in renewable energy and the stability of promotional measures. The greatest uncertainty for investors occurs because of constantly changing support schemes of renewable energy sources-schemes that are not harmonized among the member States. At the national level the main driver in the development of small generators is the feed-in tariff. However, the high feed-in tariff does not always guarantee the smooth development of small scale generators of renewable energy.

THE DEFINITION OF INVESTMENT AND THE ICSID CONVENTION ...

African Journals Online (AJOL)

RAYAN_

Other States (the ICSID Convention) has a trickledown effect on the Nigerian. Investment ... Keywords: Nigerian Investment Promotion Act, Law and Development,. Investment ... ARB/84/3, Decision on Jurisdiction (N0.1) 27 November 1985). 3 ICSID ..... purchase of bonds qualify as an investment within ICSID jurisdiction.

Investing in European market real property through reits

Science.gov (United States)

Adamuscin, A.

2010-03-01

For institutional and private investors, investing in real estate represents an attractive form of the consignment of their money. Real estate provides a regular source of income in the form of the rent from or interest on the credit provided. At the same time, real estate is a good investment instrument, because it provides diversified contributions and security against inflation for investors. In their efforts to diversify risk, investors are expressing growing interest in investing in the whole European Union. The success of Real Estate Investment Trusts (REITs) in the U.S. also opened the door for investing in this market for small investors, which is the reason for the development of this type of investment company in the European arena. One problem concerning the development of European real estate investment funds is the unsolved issue of the harmonization of the legislation and regulatory safety measures, which would enable the creation of a common market for new investment products in Europe.

STUDY OF INVESTMENT AND ECONOMIC RELAUNCH

Directory of Open Access Journals (Sweden)

VĂDUVA MARIA

2015-12-01

Full Text Available Investment is the main route of economic growth, and for carrying out a modern structures branches of production. By investments to ensure economic and social development of our country,

Investment analysis of St. Petersburg and Leningrad region

Directory of Open Access Journals (Sweden)

E. A. Borkova

2016-01-01

Full Text Available This article discusses the need for new approaches to improve the competitiveness of North-West Federal District of Russia, which based on knowledge of tendencies of innovation development. Innovative development ensures sustainable development of the region. Analysis conducted by the author has the main idea to evaluate the prospects of economic development of the region. It is almost impossible to imagine the modern world without innovations occurred, that have become familiar, and future innovations contributing to the further evolution of the economic system. Most scientists agree on that innovation has become the main driving force of economic and social development. Therefore, the main research problem is the assessment of the prospects of economic and innovative development of the North-West Federal District and its place in the Economy of Russia. Russia - the country is so sharp inter-regional economic, social and political contrasts that each potential investor with sufficient information about the investment climate can select the region with the best conditions for investment. Usually the investor to make a decision is necessary to have estimates of the degree of investment attractiveness and the level of existing risks. The division of regions on the basis of the investment attractiveness allows more reasonable to formulate the basic principles of regional policy, as well as to encourage regional governments to more vigorous action to improve the investment climate. Analysis of investment attractiveness of the Russian Federation subjects showed that the regions have different investment opportunities (potentials, and they have different risk factors. Research investment processes involved in a huge number of economists and analysts. Additional investments are required in any industry. Whether it is to attract the investor to open a new business, maintaining the city-forming enterprise, a particular region or country as a whole.

Comparative Analysis of Investment Decision Models

Directory of Open Access Journals (Sweden)

Ieva Kekytė

2017-06-01

Full Text Available Rapid development of financial markets resulted new challenges for both investors and investment issues. This increased demand for innovative, modern investment and portfolio management decisions adequate for market conditions. Financial market receives special attention, creating new models, includes financial risk management and investment decision support systems.Researchers recognize the need to deal with financial problems using models consistent with the reality and based on sophisticated quantitative analysis technique. Thus, role mathematical modeling in finance becomes important. This article deals with various investments decision-making models, which include forecasting, optimization, stochatic processes, artificial intelligence, etc., and become useful tools for investment decisions.

Socially responsible investments in mutual funds

Directory of Open Access Journals (Sweden)

Funaru, M.

2011-01-01

Full Text Available This paper aims to add contribution to the socially responsible investments (from now on called “SRI” research by examining the significance of this type of investment in terms of ethical or financial prior behaviour. Using the sample of European market of socially responsible investments funds, we first explore the SRI market dimension compared to the global data on SRI. We also investigate whether the ethical recognition is more important rather than the financial performance. Applied to the European social responsible investment fund market, the paper investigates the difference between these two aspects of behaviour and underlies the importance of socially responsible investments in promoting a sustainable development.

VALUE-ADDED SERVICE INVESTING AND PRICING STRATEGIES FOR A TWO-SIDED PLATFORM UNDER INVESTING RESOURCE CONSTRAINT

Institute of Scientific and Technical Information of China (English)

Guowei Dou; Ping He

2017-01-01

Investing on value-added service (VAS) amplifies users' participation and platform profit.However,the investing resource is usually limited in practice.This paper investigates VAS investing and pricing strategies for a two-sided platform under investing resource constraint.We reveal that with VAS investment,Subsidizing can still be done to enlarge users' demand,even when the investing cost becomes higher.For optimal pricing strategies,the network effect will be the dominating determinant if the gap between two marginal cross-side benefits (i.e.the benefit that users obtain when each new user join the other side of the platform) is large.Interestingly,we show that with the increase of the marginal investing cost,users might either be priced higher or lower.If the marginal investing cost increases to a high level,and the gap between the two marginal cross-side benefits is large,lowering the access fee for users possessing the higher cross-side network effect does not necessarily compensate more profit loss caused by higher cost.Moreover,after VAS is developed,raising the access fee for those whose marginal investing benefit is large does not necessarily generate more profit as well.The opposite strategy further enlarges users' utility,and promotes the investment to benefit more users.

Logistic description of investment and construction management

Directory of Open Access Journals (Sweden)

Sborshchikov Sergey Borisovich

2014-01-01

Full Text Available The article is devoted to the questions of defining dynamic behavior of investment and construction activity as a technical and economic system and its formalized description. It is offered to use the term "condition vector" as one of the main characteristics while describing investment and construction activity. Logistic interpretation of a sustainable development of investment and construction defines the concept of optimum trajectory, which considers various dependencies of its components (construction operations, their preparation, design, material, technique, personnel, information, investment, etc.. It is necessary to point out that this state is homeostatic, which means, the managing system must provide continuous monitoring of each system component of investment and construction activities in accordance with the sustainable development pathway. The concept of dynamic balance used in logistics is identical to the concept of homeostatic balance, which is accepted in system engineering. It is defined as a property of technical and economic system, which implies that its deviations from the development pathway lie within admissible values.

24 CFR 202.9 - Investing lenders and mortgagees.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Investing lenders and mortgagees... Investing lenders and mortgagees. (a) Definition. An investing lender or mortgagee is an organization that is not approved under any other section of this part. An investing lender or mortgagee may purchase...

THE MEANING OF INVESTMENT FUNDS FOR THE DEVELOPEMENT OF THE STOCK MARKETS IN THE REPUBLIC OF MACEDONIA

Directory of Open Access Journals (Sweden)

Dragica Odzaklieska

2009-11-01

Full Text Available Investment funds are quite typical representatives of the group of young and efficient financial intermediaries on the money market. These financial institutions have been created as a result of the rapid development of stock markets in industrialized countries. As a matter of facts, in these countries investment funds overtook traditional instruments from other financial institutions. We can mention for example savings and credits from banks, pension plans and retirements from pension funds as well as assurance policies from assurance companies. Therefore the role of investment funds is to intermediate between the industry and people as investors and between companies and the public sector as issuers of long term securities. The object of this study is to analyze the meaning of these same investment funds on stock markets in transition countries and in particular in the Republic of Macedonia.

Study on penetration-induced initiation of energetic fragment

Science.gov (United States)

Qiao, Xiangxin; Xu, Heyang

2017-09-01

In order to investigate penetration-induced initiation of energetic fragment penetrating target, PTFE/Al (mass ratio 73.5/26.5) pressed and sintered into a Ф8mm × 8mm cylinder. To form energetic fragment, the cylinder was put into a closed container made by 35CrMnSiA. The container is 12mm long, 2mm thick. Energetic fragments were launched by a 14.5mm ballistic gun with a series of velocities and the penetrate process was simulated by AUTODYN-3D. The results show that the stress peak of energetic material exceed the initiation threshold, and energetic material will deflagrate, when energetic fragments impact velocity more than 800 m/s. The research results can provide reference for designs of energetic warhead.

Analysis and verification of a prediction model of solar energetic proton events

Science.gov (United States)

Wang, J.; Zhong, Q.

2017-12-01

The solar energetic particle event can cause severe radiation damages near Earth. The alerts and summary products of the solar energetic proton events were provided by the Space Environment Prediction Center (SEPC) according to the flux of the greater than 10 MeV protons taken by GOES satellite in geosynchronous orbit. The start of a solar energetic proton event is defined as the time when the flux of the greater than 10 MeV protons equals or exceeds 10 proton flux units (pfu). In this study, a model was developed to predict the solar energetic proton events, provide the warning for the solar energetic proton events at least minutes in advance, based on both the soft X-ray flux and integral proton flux taken by GOES. The quality of the forecast model was measured against verifications of accuracy, reliability, discrimination capability, and forecast skills. The peak flux and rise time of the solar energetic proton events in the six channels, >1MeV, >5 MeV, >10 MeV, >30 MeV, >50 MeV, >100 MeV, were also simulated and analyzed.

Investing in Early Human Development: Timing and Economic Efficiency

Science.gov (United States)

Doyle, Orla; Harmon, Colm P.; Heckman, James J.; Tremblay, Richard E.

2010-01-01

Policy discussions to ameliorate socioeconomic (SES) inequalities are increasingly focused on investments in early childhood. Yet such interventions are costly to implement, and clear evidence on the optimal time to intervene to yield a high economic and social return in the future is meagre. The majority of successful early childhood interventions start in the preschool years. However socioeconomic gradients in cognitive skills, socio-emotional functioning and health can be observed by age three, suggesting that preventative programmes starting earlier in childhood may be even more effective. We discuss the optimal timing of early childhood intervention with reference to recent research in developmental neuroscience. We motivate the need for early intervention by providing an overview of the impact of adverse risk factors during the antenatal and early childhood periods on outcomes later in life. We provide a brief review of the economic rationale for investing early in life and propose the “antenatal investment hypothesis”. We conclude by discussing a suite of new European interventions that will inform this optimal timing debate. PMID:19213617

Sustainable Markets Investment Briefings: Overview

Energy Technology Data Exchange (ETDEWEB)

Cotula, Lorenzo

2007-08-15

This is the first of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 1 provides a general overview of key issues.

Mammalian energetics. Flexible energetics of cheetah hunting strategies provide resistance against kleptoparasitism.

Science.gov (United States)

Scantlebury, David M; Mills, Michael G L; Wilson, Rory P; Wilson, John W; Mills, Margaret E J; Durant, Sarah M; Bennett, Nigel C; Bradford, Peter; Marks, Nikki J; Speakman, John R

2014-10-03

Population viability is driven by individual survival, which in turn depends on individuals balancing energy budgets. As carnivores may function close to maximum sustained power outputs, decreased food availability or increased activity may render some populations energetically vulnerable. Prey theft may compromise energetic budgets of mesopredators, such as cheetahs and wild dogs, which are susceptible to competition from larger carnivores. We show that daily energy expenditure (DEE) of cheetahs was similar to size-based predictions and positively related to distance traveled. Theft at 25% only requires cheetahs to hunt for an extra 1.1 hour per day, increasing DEE by just 12%. Therefore, not all mesopredators are energetically constrained by direct competition. Other factors that increase DEE, such as those that increase travel, may be more important for population viability. Copyright © 2014, American Association for the Advancement of Science.

Inclusive Development and Chinese Foreign Direct Investment in ...

International Development Research Centre (IDRC) Digital Library (Canada)

... and maximizing the benefits of foreign direct investment, especially in terms of ... of Economics and Business Management at the National University of Laos, and the Cambodia Economics Association. ... Agent(e) responsable du CRDI.

Property taxes and economic development. An approach to the relationship between property taxes and the investment of Antioquia's municipalities

Directory of Open Access Journals (Sweden)

Santiago Tobón Zapata

2013-06-01

Full Text Available This paper discusses the relationship between the levels of investment in health and education made by the municipalities and the collection of property taxes. A data panel methodology was used with a sample of 97 municipalities in the department of Antioquia (Colombia for the period 2000 - 2008. According to the results, it is possible to conclude that there is no relationship between the levels of autonomous investment in education and the collection of property taxes. On the other hand, in relation to health investments, a negative relationship was found between property tax collection and autonomous investment in health. Finally, in addition to the initial scope proposed, a positive relationship was shown between the collection of property taxes and investments in the development of roads and infrastructure.

Illicit financial flows and foreign direct investment in developing countries

Directory of Open Access Journals (Sweden)

Emmanuel Innocents Edoun

2016-12-01

Full Text Available Africa is facing a number of challenges that are negatively affecting socio-economic development at all levels of governments and local governments are expected to play a leading role for Africa’s development. One of these challenges are illicit financial flows that are perceived by many as a crime against Africa’s transformation. The continent is losing billions of dollars every year because of tax evasion, corruption and inappropriate transfer pricing and maladministration. With tax being one of Africa’s main sources of revenue, current and past researches revealed that, illicit financial flows (IFFs cripple African Governments tax base as a results of capital outflows and lack of good governance. This situation obviously is a challenge for Africa’s development as governments struggle to finance structuring projects and this in turn compels these governments to seek funds from international organisations at very high interest rates. It is also important to reveal that Foreign Direct Investment (FDI rapidly grew after the Second World War with the intention to maximize profit on investment in less developed countries and specifically in the African continent. In competing in Africa, most multinationals main objective is to pay less tax, make extensive profits and transfer the proceeds to their country of origin. This subsequently gave rise to illicit financial flows in Africa where the continent is losing billions of dollars. Past studies equally revealed that, Africa’s revenue could increase between 55 and 65%, if appropriate mechanisms of monitoring the flows were in place. This study therefore is based on the premise that, tax evasion, illicit financial flows, corruption and abusive transfers pricing are all factors that affect Africa’s development. Using appropriate method of inquiry, this study wants to demonstrate the presence of FDI’s in Africa as a modus operandi behind tax evasion. It also using the �

The Investment Model for the Intensive Development of Ukrainian Enterprises in the Agrarian Sector

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Kulynych Yurii M.

2017-06-01

Full Text Available The article proposes an investment model for the development of Ukrainian enterprises in the agrarian sector, which is one of the «locomotives» of the domestic economy. However, only by creating high value-added can be expected sustainable economic development both as an economic entity and as a whole economy of country. A long-term partnership with the advanced economies of the world is another key prerequisite for sustainable economic development. The article explores a potential Norwegian market in the context of the consumption of agriproducts as fodder for aquaculture, as well as Ukrainian agrarian market. Ukraine’s competitive advantages in the market for food ingredients for fish in Northern Europe have been formulated. The results of the study point to the high potential of soybean protein concentrate (SPC for the Norwegian market and, in turn, the great prospects for Ukraine in this market as a leader in the European soya growing. Measures that will facilitate the establishment of strong economic ties between Ukrainian agrarian enterprises and the markets of the developed countries have been determined. An investment model for the intensive development of Ukrainian enterprises in the agrarian sphere has been formed.

Japanese investment in Peru: limits of developmental investment

OpenAIRE

Kamiya, Marco

2004-01-01

Japanese Investment in Latin America was considerable in the 1960s and 1970s, but the investment never took off in the developmental style as in East Asia. The author examines why Japanese Foreign Direct Investment in Peru did not follow the pattern of developmental investment, analyzing the elements involved regarding policies in Peru and particular circumstances in Japan in the 1990 decade.

Industrial Employment, Investment Equipment and Economic Growth

OpenAIRE

Dellas, Harris

2000-01-01

The industrialization of labour is the main engine of growth during the early stages of economic development. In less developed countries, equipment investment has played a less important role than non-equipment investment; and it has only proved growth enhancing when it either encountered a substantial industrial labour force or fostered a large increase in the share of industrial employment. These findings draw attention to the effects of investment on the composition of the labour force; a...

Building the foundations for sustainable development: a case for global investment in the capabilities of adolescents.

Science.gov (United States)

Sheehan, Peter; Sweeny, Kim; Rasmussen, Bruce; Wils, Annababette; Friedman, Howard S; Mahon, Jacqueline; Patton, George C; Sawyer, Susan M; Howard, Eric; Symons, John; Stenberg, Karin; Chalasani, Satvika; Maharaj, Neelam; Reavley, Nicola; Shi, Hui; Fridman, Masha; Welsh, Alison; Nsofor, Emeka; Laski, Laura

2017-10-14

Investment in the capabilities of the world's 1·2 billion adolescents is vital to the UN's Sustainable Development Agenda. We examined investments in countries of low income, lower-middle income, and upper-middle income covering the majority of these adolescents globally to derive estimates of investment returns given existing knowledge. The costs and effects of the interventions were estimated by adapting existing models and by extending methods to create new modelling tools. Benefits were valued in terms of increased gross domestic product and averted social costs. The initial analysis showed high returns for the modelled interventions, with substantial variation between countries and with returns generally higher in low-income countries than in countries of lower-middle and upper-middle income. For interventions targeting physical, mental, and sexual health (including a human papilloma virus programme), an investment of US$4·6 per capita each year from 2015 to 2030 had an unweighted mean benefit to cost ratio (BCR) of more than 10·0, whereas, for interventions targeting road traffic injuries, a BCR of 5·9 (95% CI 5·8-6·0) was achieved on investment of $0·6 per capita each year. Interventions to reduce child marriage ($3·8 per capita each year) had a mean BCR of 5·7 (95% CI 5·3-6·1), with the effect high in low-income countries. Investment to increase the extent and quality of secondary schooling is vital but will be more expensive than other interventions-investment of $22·6 per capita each year from 2015 to 2030 generated a mean BCR of 11·8 (95% CI 11·6-12·0). Investments in health and education will not only transform the lives of adolescents in resource-poor settings, but will also generate high economic and social returns. These returns were robust to substantial variation in assumptions. Although the knowledge base on the impacts of interventions is limited in many areas, and a major research effort is needed to build a more complete

Life-history consequences of investment in free-spawned eggs and their accessory coats.

Science.gov (United States)

Podolsky, Robert D

2004-05-01

The optimal trade-off between offspring size and number can depend on details of the mode of reproduction or development. In marine organisms, broadcast spawning is widespread, and external coats are a common feature of spawned eggs. Egg jelly coats are thought to influence several aspects of fertilization and early development, including the size of the target for sperm, fertilization efficiency, egg suspension time, polyspermy, embryo survival, and fecundity. These costs and benefits of investment in jelly result in trade-offs that can influence optimal reproductive allocation and the evolution of egg size. I develop an optimization model that sequentially incorporates assumptions about the function of egg coats in fertilization. The model predicts large variation in coat size and limited variation in ovum size under a broad range of conditions. Heterogeneity among spawning events further limits the range of ovum sizes predicted to evolve under sperm limitation. In contrast, variation in larval mortality predicts a broad range of optimal ovum sizes that more closely reflects natural variation among broadcast-spawning invertebrates. By decoupling physical and energetic size, egg coats can enhance fertilization, maintain high fecundity, and buffer the evolution of ovum size from variation in spawning conditions.

Inclusive Development and Chinese Foreign Direct Investment in ...

International Development Research Centre (IDRC) Digital Library (Canada)

This research project looks at the impacts of Chinese investment on local economies ... Faculty of Economics and Business Management at the National University of Laos, ... capacity to conduct economic analysis and apply research methods.

The requirements for implementing Sustainable Development Goals (SDGs) and for planning and implementing Integrated Territorial Investments (ITI) in mining areas

Science.gov (United States)

Florkowska, Lucyna; Bryt-Nitarska, Izabela

2018-04-01

The notion of Integrated Territorial Investments (ITI) appears more and more frequently in contemporary regional development strategies. Formulating the main assumptions of ITI is a response to a growing need for a co-ordinated, multi-dimensional regional development suitable for the characteristics of a given area. Activities are mainly aimed at improving people's quality of life with their significant participation. These activities include implementing the Sustainable development Goals (SDGs). Territorial investments include, among others, projects in areas where land and building use is governed not only by general regulations (Spatial Planning and Land Development Act) but also by separate legal acts. This issue also concerns areas with active mines and post-mining areas undergoing revitalization. For the areas specified above land development and in particular making building investments is subject to the requirements set forth in the Geological and Mining Law and in the general regulations. In practice this means that factors connected with the present and future mining impacts must be taken into consideration in planning the investment process. This article discusses the role of proper assessment of local geological conditions as well as the current and future mining situation in the context of proper planning and performance of the Integrated Territorial Investment programme and also in the context of implementing the SDGs. It also describes the technical and legislative factors which need to be taken into consideration in areas where mining is planned or where it took place in the past.

Providing investment attractiveness of renewal and development of fixed assets in the energy sector

Directory of Open Access Journals (Sweden)

Evgeniy Anatolyevich Malyshev

2013-09-01

Full Text Available The purpose of research is a comparative analysis of economic mechanisms for the realization of investment projects for new construction and modernization power generation capacity in the energy sector and their effect on private investment. In this connection, planned and actual volumes of generating capacity, particular features of the industry, causing investment attractiveness are discussed. The necessity of using, and a comparison of primary economic mechanisms in order to guarantee the return of investments in the new construction and modernization of power generation capacity is shown. The method of calculating the tariff under the agreement of supply power capacity is analyzed. The study proved that the presence of an effective working mechanism of return on investment is a key element influencing the investment in new construction and modernization of power generation capacity. Also, it is shown that with the end of using agreement of supply power capacity, industry will face a significant reduction in investment. In this connection, it is recommended to speed up the formation of long-term capacity market, which involves the application of new investment incentives in the industry. The research results can be applied by investment banks, and other stakeholders as a methodological apparatus assessing investment and whether to participate in their financing.

Study on Investing and Financing Development in Rural Area:A Case Study of Guangxi Zhuang Autonomous Region

Institute of Scientific and Technical Information of China (English)

Junyong; HUANG; Bin; YAO

2013-01-01

"Surplus income" of farmers has been increasing steadily with the marked improvement of rural economy. However,development of rural financing market in China is rather backward. To satisfy the financing requirement of farmers and meet the demand of the construction of new countryside as well as harmonious society,development of financing market in rural area is eager to be quickened. Taking Guangxi Autonomous Region as an example,there are problems in rural investing and financing development. Firstly,farmers are in lacking of accurate understanding of investing and financing. Secondly,investors in rural area lack professional knowledge about financing generally. Thirdly,rural area has underdeveloped information degree as well as imperfect investing and financing environment. Fourthly,there are no financial products developed for rural area. Fifthly,economic development is unbalanced and relatively underdeveloped in rural area. Lastly,rural financial market has long been neglected by financial intermediaries. In order to cope with these problems,firstly,farmers should be assisted to establish accurate financial awareness and master necessary financial knowledge. Secondly,local intermediaries like securities firms and banks should be encouraged to exert impact on rural financial market. Thirdly,financial products suitable for Guangxi rural area are to be developed. Fourthly, construction and perfection of rural financial market should be quickened. Lastly,rural economic development should be quickened to enlarge capital source of financing.

How Does Corruption in Developing Countries Affect Corporate Investment and Tax Compliance?

OpenAIRE

Riedel, Nadine; Fuest, Clemens; Maffini, Giorgia

2010-01-01

Using a rich panel data base for firms in Asian countries, we assess the effect of public sector corruption on corporate assets investment and tax payments. Our findings suggest that public sector corruption does not deter investment activities of national firms while asset investment of multinational corporations is significantly reduced in corrupt environments. Moreover, the findings indicate that corruption exerts a quantitatively large negative effect on corporate tax payments, especially...

III Scientific-technical conference. Problems and outlooks for development of chemical and radiochemical control in atomic energetics (Atomenergoanalytics-2005). Summaries of reports

International Nuclear Information System (INIS)

2005-01-01

Summaries of reports of the III Scientific-technical conference: Problems and outlooks for development of chemical and radiochemical control in atomic energetics (Atomenergoanalytics-2005) are presented. The conference performed 20-22 September, 2005, in Sosnovyj Bor. Problems of methodical, instrumental and metrological supply of chemical, radiochemical and radiometric control at active NPP and NPU, modern concepts of construction of automated systems of chemical and radiometric control in the atomic energetics, directions for the decision of questions in organization and conducting of chemical and radiochemical control of water-chemical regimes of NPP and NPU are discussed [ru

Investment Attractiveness of Food Industries in Ukraine

OpenAIRE

L. О.

2017-01-01

Effective investment is a factor for long-term company development. As enhancement of investment attractiveness is a required condition for economic growth and improvement of living standards, it needs to be on the agenda at government and company level. The article’s objective is to study investment attractiveness of food industries in Ukraine over 2012–2015. Investment attractiveness of food industries can be measured by indicators of liquidity, financial sustainability, and profit rate...

Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations.

Science.gov (United States)

Sung, Sun Young; Choi, Jin Nam

2014-04-01

The present study examines the effects of training and development on organizational innovation. We specifically suggest that the training and development investments of an organization affect its innovative performance by promoting various learning practices. We empirically tested our hypothesis by using time-lagged, multi-source data collected from 260 Korean companies that represent diverse industries. Our analysis showed that corporate expenditure for internal training predicts interpersonal and organizational learning practices, which, in turn, increase innovative performance. The data also revealed that the positive relationship between interpersonal and organizational learning practices and innovative performance is stronger within organizations that have stronger innovative climates. By contrast, investment in employee development through financial support for education outside an organization poses a significant negative effect on its innovative performance and no significant effect on learning practices. The present study provides a plausible explanation for a mechanism through which the investment of an organization in employees enhances its innovative performance. Copyright © 2013 The Authors.

Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations

Science.gov (United States)

Sung, Sun Young; Choi, Jin Nam

2014-01-01

The present study examines the effects of training and development on organizational innovation. We specifically suggest that the training and development investments of an organization affect its innovative performance by promoting various learning practices. We empirically tested our hypothesis by using time-lagged, multi-source data collected from 260 Korean companies that represent diverse industries. Our analysis showed that corporate expenditure for internal training predicts interpersonal and organizational learning practices, which, in turn, increase innovative performance. The data also revealed that the positive relationship between interpersonal and organizational learning practices and innovative performance is stronger within organizations that have stronger innovative climates. By contrast, investment in employee development through financial support for education outside an organization poses a significant negative effect on its innovative performance and no significant effect on learning practices. The present study provides a plausible explanation for a mechanism through which the investment of an organization in employees enhances its innovative performance. Copyright © 2013 The Authors. PMID:25598576

Kinetic Simulation and Energetic Neutral Atom Imaging of the Magnetosphere

Science.gov (United States)

Fok, Mei-Ching H.

2011-01-01

Advanced simulation tools and measurement techniques have been developed to study the dynamic magnetosphere and its response to drivers in the solar wind. The Comprehensive Ring Current Model (CRCM) is a kinetic code that solves the 3D distribution in space, energy and pitch-angle information of energetic ions and electrons. Energetic Neutral Atom (ENA) imagers have been carried in past and current satellite missions. Global morphology of energetic ions were revealed by the observed ENA images. We have combined simulation and ENA analysis techniques to study the development of ring current ions during magnetic storms and substorms. We identify the timing and location of particle injection and loss. We examine the evolution of ion energy and pitch-angle distribution during different phases of a storm. In this talk we will discuss the findings from our ring current studies and how our simulation and ENA analysis tools can be applied to the upcoming TRIO-CINAMA mission.

Review of capital investment in economic growth cycle

Science.gov (United States)

Shaffie, Siti Salihah; Jaaman, Saiful Hafizah; Mohamad, Daud

2016-11-01

The study of linkages of macroeconomics factors is prominent in order to understand how the economic cycle affects one another. These factors include interest rate, growth rate, saving and capital investment which are mutually correlated to stabilize the GDP. Part of this study, it will look upon the impact of investment which emphasize the efficiency of capital investment to the economic growth. Capital investment is one investment appraisal that gives impact to the economic growth. It is a long term investment and involve with large amount of capital to incorporate the development of private and public capital investment.

Direct Spanish Investments in Latin America

Directory of Open Access Journals (Sweden)

Alfredo Arahuetes García

1995-11-01

Full Text Available In the period 1981-1992, the international flow of direct investments witnessed significant changes which affected their magnitude, geographical orientation, sectorial distribution, forms of investment and sources of financing. This happened in such a way that traditional distribution among industrialized and developing countries was modified as was the capacity for attraction of the different areas in development. In this sense, the main contrast could be seen in the growing importance of East and South East Asia and the decline of Latin American countries which traditionally have been the largest receivers of direct investments within the group of developing countries. The expansive phase of direct investments begun in 1986 threatened to exclude Latin American countries but the establishment of a new framework for the treatment of the problem of external debt -the Brady Plan-, the change in the context of theinternational economy in 1990 and the stability and economic growth of the countries of the region favoured, without a doubt, the recovery of the capacity for attraction for new flows of direct investments regarding Latin American countries.In this way, Latin America registered once again a growing participation in the international flow of direct investments. The evolution of direct Spanish investment in Latin America followed a path similar to that of wider international flows and, after the intense absorption of the first years of the Eighties, the rest of the decade registered a discreet attraction for investors which only began to change course from 1989 onwards with the reestablishment of the new phase of the economic cycle in the countries of the region.

INVESTMENT CLIMATE OF KAZAKHSTAN: CURRENT STATUS AND PROSPECTS

Directory of Open Access Journals (Sweden)

Madina Abugalievna TEMIRBULATOVA

2015-07-01

Full Text Available Agriculture still remains a little attractive to most of investors. Modern investment into agrarian sector of Kazakhstan and growth of its investment appeal restrains an acute shortage of financial resources, poorly developed material base, low solvent demand of the population therefore growth of investments is one of major factors of ensuring economic development of agriculture in general, improvement of quality of life of the population of the village, updating of regional technical and technological base, fixed assets in agriculture. In this regard special relevance researches on improvement of mechanisms of attraction of investments into agrarian sector of economy and methods of increase of investment appeal of agriculture for the purpose of ensuring its sustainable economic development. If to consider already created interstate unions, in this plan it is expedient to consider relationship between Romania and Kazakhstan. Kazakhstan and Romania will develop in common electronic decisions in education, medicine and agriculture. In Kazakhstan communications with inclusion of the earth in market the turn appears need for new financial instruments as mortgage valuable issue papers (bonds. The proposed Мodel of land - mortgage lending will be the main way to increase the investment attractiveness Republic of Kazakhstan.

Investment in Renewable Energies in Argentina

OpenAIRE

Marina Recalde

2017-01-01

This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, ...

Wrong directions of the energetic policy; Descaminhos da politica energetica

Energy Technology Data Exchange (ETDEWEB)

Carvalho, Joaquim Francisco

1997-12-31

The energetic planning should take an important role in the formulation of the economic and social development policy of any country. This work presents the opinion of the author in relation to this issue in what concerns the Brazilian experience. Several actions considered wrong by the author, which were taken by the government in what concerns energetic policy are presented and their expected consequences in the near future are discussed 6 refs., 1 tab.

Why does the productivity of investment vary across countries?

Directory of Open Access Journals (Sweden)

Kevin S. Nell

2017-09-01

Full Text Available In ‘new growth theory’ equations that include the investment ratio, all other variables included are determinants of the productivity of investment. We convert a ‘new growth theory’ equation into a productivity of investment equation by dividing the equation through by the investment ratio. We take a sample of 84 developed and developing countries over the period 1980 to 2011, and examine the importance of 19 potential variables that might affect the productivity of investment, using a general-to-specific model selection algorithm. Education, export growth, macroeconomic stability, political rights, geography and government expenditure turn out to be the most important determinants. There is no evidence of diminishing returns to investment, so that investment matters for long run growth. JEL Classification: 011; 033; 047

The evolution of investments decision mode in China's telecommunication

Institute of Scientific and Technical Information of China (English)

ZHANG Ai-hua; ZHAO Lian-qiang; SHU Hua-ying

2007-01-01

This essay analyzes the data of Chinese telecommunication market, telecommunication investments and investment benefits over the past 20 years. On the basis of these data, the essay reviews Chinese changing telecommunication policies and discusses the major events in the course of China's telecommunication development. It is argued that telecommunication policies, regime backgrounds and market demand characteristics have a significant impact on investment decision mode in telecommunication industry. The evolution of network investments decision mode in China's telecommunication has corresponded to the transformation of these key factors. Considering the special events in the development of Chinese telecommunication as divisions, the essay discusses three stages of the evolution of investments decision mode in China's telecommunication. With the firm environment and problems that Chinese telecommunication operators have been facing since 2000 analyzed. it is demonstrated that Chinese telecommunication operators should change their mode of investment decision into the "profit-oriented investment decision mode" in order to achieve a high growth performance in the capital market,. This investment decision mode will result in increase of the investment profit with limited investment capital. The main procedure of profit-oriented investment decision mode is set out, which is abstracted to a mathematical model eventually.

Reflections on assumption of energetic politics. Viewpoint of a sceptial observer

International Nuclear Information System (INIS)

Taczanowski, S.; Pohorecki, W.

2000-01-01

The Polish assumptions of energetic politics up to 2020 have been critically assessed. Energy sources availability as well as predicted fuel prices have been discussed for interesting period. Fossil fuels and uranium have been taken into account. On the presented basis it has been concluded that rejection the nuclear option in Poland for energetics development plans up to 2020 seems to be a serious mistake

Barriers to investment in emerging power markets

Energy Technology Data Exchange (ETDEWEB)

Beardsworth, Jr, J J [Hunton and Williams, Richmond, VA (United States)

1994-12-31

Investing in private power projects in developing countries is a very different issue from investment in the US or the UK. There are many investment barriers not present in developed nations. Firstly investment barriers need to be identified. Trouble may be encountered with legal authorization; the regulatory framework; government guarantees; fuel supply security; lender protection; labour laws and local commercial restrictions such as profits repatriation, currency convertibility, and taxes. Political barriers may also be encountered in the form of: government commitments and support; funding sources; political unrest; religion; and relationships with other countries. Investment barriers may be minimised by persuading the government to remove any legal barriers; the contract has then to be agreed. Factors in a successful contract include: power purchase agreements; fuel agreements; and implementation agreements. It is vital to have a source of information on local rules and customs, by working with local companies and employing local attorneys.

Financial analysis of foreign direct investment on economic growth of developing countries

Directory of Open Access Journals (Sweden)

Raičević Božidar

2016-01-01

Full Text Available The object of the research paper is to perform an empirical analysis of foreign direct investment (FDI influence on economic growth with the aim of establishing factors that will contribute to overcoming the problem. The research results imply that realistic exchange rate, export and import as well as state expenditures are statistically significant for predicting economic growth movement and they have a positive influence on FDI movement. Empirical analysis, contrary to expectations, has shown that FDI, public debt and openness have a negative impact on economic growth in the case of Republic of Serbia. In the following period Serbia has to decrease the share of budget deficit in GDP and control public debt. Serbia has to pay special attention to improving investment environment and encourage export oriented production, whereas finance management and continuation of reform processes are the basis for establishing sustainable development of country, with sustainable use of available resources.

IMPROVING THE QUALITY OF INVESTMENT DESIGN IN INDUSTRIAL CONSTRUCTION

Directory of Open Access Journals (Sweden)

I. M. Meylanov

2017-01-01

Full Text Available Objectives. The development of a set of practical measures in order to improve the quality of investment design in industrial construction.Methods. The basis of research comprises a project management methodology as well as methods for logical and statistical analysis of decisionmaking in investment activities.Results. A mechanism of inclusion of industrial construction objects into the Federal targeted investment programme is revealed. The sequence of the state expert evaluation of investment projects is determined, which optimises the design solutions aimed at minimising their estimated cost if the investment is made with the involvement of the Federal budget. Qualitative and quantitative criteria are systematised for the integrated assessment of the effectiveness of investment fund usage sent to industrial construction objects.Conclusion. The consistent implementation of the state investment policy is aimed at developing the scientific-technological and scientific-industrial potential of industrial construction by providing favourable conditions for effective innovation activity, selecting rational investment strategies and priority projects aimed at solving urgent problems of improving the competitiveness of construction. Successful implementation of the state investment policy in industrial construction largely depends on the effectiveness of investment design, starting from the accuracy of the formulation of the investment plan (idea, in which the interests of all participants in investment activities are concentrated and taken into account, and to the development of an agreed set of actions to complete the project. A unified register covering the data on the cost and results of investment projects is proposed to be created with the purpose of facilitating decision-making in the process of allocation of the Federal budget funds, planning of state capital investments and approval of project documentation for new industrial construction

A multicriteria approach to identify investment opportunities for the exploitation of the clean development mechanism

International Nuclear Information System (INIS)

Diakoulaki, D.; Georgiou, P.; Tourkolias, C.; Georgopoulou, E.; Lalas, D.; Mirasgedis, S.; Sarafidis, Y.

2007-01-01

The aim of the present paper is to investigate the prospects for the exploitation of the Kyoto Protocol's Clean Development Mechanism (CDM) in Greece. The paper is addressing 3 questions: in which country, what kind of investment, with which economic and environmental return? The proposed approach is based on a multicriteria analysis for identifying priority countries and interesting investment opportunities in each priority country. These opportunities are then evaluated through a conventional financial analysis in order to assess their economic and environmental attractiveness. To this purpose, the IRR of a typical project in each investment category is calculated by taking into account country-specific parameters, such as baseline emission factors, load factors, costs, energy prices etc. The results reveal substantial differences in the economic and environmental return of different types of projects in different host-countries and show that for the full exploitation of the CDM a multifaceted approach to decision-making is necessary

Energy investments and employment

International Nuclear Information System (INIS)

1993-08-01

A study was conducted to assess the effect that different energy options would have on provincial and regional employment prospects in British Columbia. Current and future economic and employment patterns were examined to develop a more detailed understanding of the skills, age, gender, location, and other characteristics of British Columbia workers. Over 40 previous studies examining the energy/employment relationship were also reviewed. Based on this review and an analysis of the province's economic and labor conditions, the following conclusions are drawn. Investment in non-energy sectors offers better prospects for reducing unemployment than investment in the energy sector, whether for new supply or improving efficiency. Investments in the energy sector provide fewer jobs than investments in most other sectors of the economy. Among the available electricity supply options, large hydroelectric projects tend to produce the fewest jobs per investment dollar. Smaller thermal projects such as wood residue plants produce the most jobs. If and when more energy is needed in British Columbia, the most cost-effective combination of energy supply and efficiency options will also create the most jobs. Compared to traditional energy supply options, investments in energy efficiency would create about twice as many total jobs, create jobs that better match the skills of the province's unemployed and its population distribution, and create jobs that last longer on the average. Construction-related measures such as improved insulation tend to produce more jobs per investment dollar than the substitution of more energy-efficient equipment. 69 refs., 9 tabs

The liberalization of the European electric and gas industries through the firms' M and A and investment strategies: propositions for a better energy security

International Nuclear Information System (INIS)

Benhassine, W.

2009-04-01

The electric and gas industries have been traditionally managed by public monopolies. The post World War II context was supportive to such an industrial organization. In fact, Europe was getting engaged in a long period of economic growth and was benefiting a favorable energetic context. At the end of the 90's, Europe decides to liberalize the national energy industries in order to create a unique European energy market. This liberalization has occurred in a context that as dramatically changed from the economic and energetic perspective. Indeed, the globalization phenomenon has strengthened the competitiveness of the emerging economies. The strong growth of the energy demand and the stagnation of the supply on the offer side have created tensions which have been increasingly frequent and important on the energy markets. Besides, facing greater budget restrictions and financial difficulties, the states have wished to get financially disengaged from these industries. Many factors show that the economic and energetic context will not get better in the next decades. Hence, in this new context, the liberalization of the energy industries should respond to two major stakes for the energy security of the European countries: the sustainability of the investments and the control of the energy demand. After having studied the merger and investment strategies of the energy firms, operating within a freshly liberalized sector, we make some propositions to draw up a new industrial organization which would allow a more efficient response to these two stakes. (author)

The location of energetic compartments affects energetic communication in cardiomyocytes

Directory of Open Access Journals (Sweden)

Rikke eBirkedal

2014-09-01

Full Text Available The heart relies on accurate regulation of mitochondrial energy supply to match energy demand. The main regulators are Ca2+ and feedback of ADP and Pi. Regulation via feedback has intrigued for decades. First, the heart exhibits a remarkable metabolic stability. Second, diffusion of ADP and other molecules is restricted specifically in heart and red muscle, where a fast feedback is needed the most. To explain the regulation by feedback, compartmentalization must be taken into account. Experiments and theoretical approaches suggest that cardiomyocyte energetic compartmentalization is elaborate with barriers obstructing diffusion in the cytosol and at the level of the mitochondrial outer membrane (MOM. A recent study suggests the barriers are organized in a lattice with dimensions in agreement with those of intracellular structures. Here, we discuss the possible location of these barriers. The more plausible scenario includes a barrier at the level of MOM. Much research has focused on how the permeability of MOM itself is regulated, and the importance of the creatine kinase system to facilitate energetic communication. We hypothesize that at least part of the diffusion restriction at the MOM level is not by MOM itself, but due to the close physical association between the sarcoplasmic reticulum (SR and mitochondria. This will explain why animals with a disabled creatine kinase system exhibit rather mild phenotype modifications. Mitochondria are hubs of energetics, but also ROS production and signaling. The close association between SR and mitochondria may form a diffusion barrier to ADP added outside a permeabilised cardiomyocyte. But in vivo, it is the structural basis for the mitochondrial-SR coupling that is crucial for the regulation of mitochondrial Ca2+-transients to regulate energetics, and for avoiding Ca2+-overload and irreversible opening of the mitochondrial permeability transition pore.

On perspectives of developments in energetics

International Nuclear Information System (INIS)

Frey, T.

1994-04-01

The strategy towards politically and economically independent Estonia has created an urgent need to elaborate a lot of problems of tactics in the energy use as well as in the perspectives of the energy import versus export. Today Estonia produces rather a considerable amount of electricity, reaching some 1.2 thousand kWh per capita year. Nevertheless, technocratically-minded people are looking toward to introducing at least one nuclear power plant to our native area of merely 45 000 square kilometers. The Estonia n Council of Ecology is taking the opportunity of considering the alternatives to this proposal, organizing an energetics-focused ecological conference just on the 5. anniversary of the Chernobyl accident. The corresponding data show that Estonia might be able, in the coming 5 years, to rise the efficiency in the commercial energy use by 15 per cent, to reduce the amount of energy-consuming industry, mostly military, by another 15 per cent, and extend the use of wood, peat, wind, water and sunshine taken together by a third 15 per cent. All in all, it turns out that in 1995 there exists no need for energy import on the full balance level. The outlook deserves attention, indeed. (author)

Investments

CERN Document Server

Bodie, Zvi

2013-01-01

The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. Bodie Investments' blend of practical and theoretical coverage combines with a complete digital solution to help your students achieve higher outcomes in the course

[The development of the system of medical rehabilitation based at the Russian health resort facilities: investment prospects].

Science.gov (United States)

Povazhnaya, E L; Gusakova, E V; Moiseenko, S V

2018-05-21

The present work is devoted to the prospects for attracting investments for the maintenance and development of the medical rehabilitation practices based at the Russian health resort facilities. The article describes the prerequisites for the enhancement of the investment attractiveness of the development of the system of medical rehabilitation in the said institutions including the formulation and strengthening of the legal and regulatory framework, the capacity for the organization of the second and third stages of medical rehabilitation in the existing spa and health resort facilities, the attraction of the funds of compulsory medical insurance as an additional source of the financial support. The main legal documents regulating the organization and provision of medical rehabilitation based at the spa and health resort facilities are presented. The results of the implementation of the investment concept of the development of medical rehabilitation in the framework of the system of health resort treatment as exemplified by the experience of JSC «The group of companies «Medsi» are discussed. It is shown that the development of medical rehabilitation based at the spa and health resort facilities greatly contributes to the significant expansion of the potential customer base and promotes the further growth of business scale.

Investments and price formation in a liberalized electric power market; Investering og prisdannelse pae et liberaliseret elmarked

Energy Technology Data Exchange (ETDEWEB)

Morthorst, P.E.

2005-05-01

How will the electric power prices in the Nordic electric power market develop if the generation capacity in the coming 10 to 15 years is increased considerably? And what are the conditions for investors to initiate new investments in power plants? Briefly speaking - these are the issues for the project that is reported in this report. The basis for the project has been the Nordic electric power market model and its capability to handle the future extension of the necessary generating capacity. The main issue in the project has been a quantitative analysis of what the prices in the Nordic electric power market will be in the future, depending on the size of new investments in the power generating capacity. Using the Balmorel model, a basic scenario until the year 2020 is made which contains the present decisions about capacity extension only. Up to 2010 this basic scenario can be seen as a probable development. For the period 2010 to 2020, however, the calculations can primarily be seen as illustrations of how the prices may develop, provided that no further investments are made. Thus, for the period 2010 - 2020 it is a 'worst case' that has been analysed. In the basic scenario several cases for the year 2015 are analysed, among others the consequences of wet and dry years and an unusually cold winter. The project also analyses how the price development impacts the profitability of new investments in power capacity, depending on several exogenous events, like use of more wind power and the price on the carbon dioxide market. The analyses present three cases: 1) A single investor not owing other power plants, 2) a single investor owing a number of power plants in which case a new plant will compete with him self, 3) two competing investors investing in the same known power plants. In all cases investments are made in a natural gas combined cycle plant producing both electric power and heat. Furthermore, the investor's own possibility to time his

Hospital Capital Investment During the Great Recession.

Science.gov (United States)

Choi, Sung

2017-01-01

Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal.

Hospital Capital Investment During the Great Recession

Science.gov (United States)

Choi, Sung

2017-01-01

Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal. PMID:28617202

Issues concerning outer space investments in international law ...

African Journals Online (AJOL)

Issues concerning outer space investments in international law. ... Recent improvements in technology have in essence increased the viability of outer space as the next frontier for international investment and development. In addition to ... Key words: Outer Space, Investments, International Law, International Space Station ...

7 CFR 1744.204 - Rural development investments that do not meet the ratio requirements.

Science.gov (United States)

2010-01-01

... RUS's approval, the portion of any investment of funds or commitment to invest funds for any rural... loan, guarantee, stock purchase or equity investment; (2) A reasonable estimate of the amount the...

Chinese Foreign Direct Investment in Indonesia

DEFF Research Database (Denmark)

Gammeltoft, Peter; Tarmidi, Lepi T.

2013-01-01

In Indonesia, no systematic study of Chinese FDI has been undertaken to date. This paper contributes to filling this research gap and analyses the current composition as well as the historical evolution of Chinese FDI in Indonesia, relying on a survey conducted in 2008 among Chinese invested...... enterprises supplemented with key informant interviews, available official statistics and secondary data. Considering the evolution of Chinese investments in Indonesia over time, investments have evolved from being individual and isolated projects to acquiring more systemic properties. Chinese companies have...... acquired a broader sectoral presence in Indonesia and Chinese invested companies in, e.g., extractive or manufacturing activities can increasingly rely on complementary Chinese investments in logistics, travel, finance, etc. Where the local development effects are concerned, a picture emerges where Chinese...

Calculating investment potential in South America

International Nuclear Information System (INIS)

Smith, J.L.

1995-01-01

Taxes and licensing provisions typically increase overall costs for private investors, and therefore impede private investment. In addition, the design and structure of tax systems in each country affect the extent to which financial risks are borne by private investors, rather than by the host government. Tax systems that increase perceived financial risks stemming from unpredictable oil prices, development costs and physical characteristics of undiscovered or undeveloped oil fields raise further impediments to private investment. This analysis focuses on both aspects of the investment climate--risk and return--and the way that investment incentives within three South American countries are influenced by tax and licensing regimes

Real Options Analysis of Electricity Investments

Energy Technology Data Exchange (ETDEWEB)

Heggedal, Ane Marte

2012-07-01

This thesis utilizes real options analysis for evaluating investment opportunities in the electricity sector. It also formally tests how investors in hydropower plants have included uncertainty when considering their investment opportunities. The real options method applies financial options theory to quantify the value of management flexibility and is chosen due to three important characteristics of investments in the electricity sector. First; the investment is completely or partially irreversible, second; the investor can choose when to invest in the facility, and third; there is uncertainty in several factors affecting the cash flows of the investments. Factors of uncertainty include the development of electricity prices, policies, technological advances, and macroeconomics measures.Four papers are included in this thesis. Paper 1, Upgrading hydropower plants with storage: Timing and capacity choice, presents a valuation framework for deciding when to upgrade an existing hydropower plant and which capacity to choose. The second paper, Transmission capacity between Norway and Germany: A real options analysis, sheds light on when two electricity markets, in this case Norway and Germany, should be connected through a sub sea cable. The investor can choose when to invest and the capacity of the cable, and may also choose to invest sequentially. Paper 3, Optimal timing and capacity choice for pumped hydropower storage, investigates when investment in a pumped hydropower plant with storage should be undertaken and what the capacity of the facility should be. Whereas the three first papers investigate investment opportunities, Paper 4, Uncertain climate policy decisions and investment timing: Evidence from small hydropower plants, studies when investors in small hydropower plants chose to invest. The analyses disclose whether the net present value approach or the real options method best describe the investment decisions made by the investors. Viewing investment

The Principle of Energetic Consistency

Science.gov (United States)

Cohn, Stephen E.

2009-01-01

A basic result in estimation theory is that the minimum variance estimate of the dynamical state, given the observations, is the conditional mean estimate. This result holds independently of the specifics of any dynamical or observation nonlinearity or stochasticity, requiring only that the probability density function of the state, conditioned on the observations, has two moments. For nonlinear dynamics that conserve a total energy, this general result implies the principle of energetic consistency: if the dynamical variables are taken to be the natural energy variables, then the sum of the total energy of the conditional mean and the trace of the conditional covariance matrix (the total variance) is constant between observations. Ensemble Kalman filtering methods are designed to approximate the evolution of the conditional mean and covariance matrix. For them the principle of energetic consistency holds independently of ensemble size, even with covariance localization. However, full Kalman filter experiments with advection dynamics have shown that a small amount of numerical dissipation can cause a large, state-dependent loss of total variance, to the detriment of filter performance. The principle of energetic consistency offers a simple way to test whether this spurious loss of variance limits ensemble filter performance in full-blown applications. The classical second-moment closure (third-moment discard) equations also satisfy the principle of energetic consistency, independently of the rank of the conditional covariance matrix. Low-rank approximation of these equations offers an energetically consistent, computationally viable alternative to ensemble filtering. Current formulations of long-window, weak-constraint, four-dimensional variational methods are designed to approximate the conditional mode rather than the conditional mean. Thus they neglect the nonlinear bias term in the second-moment closure equation for the conditional mean. The principle of

Sustainable Markets Investment Briefings: the regulatory taking doctrine

Energy Technology Data Exchange (ETDEWEB)

Cotula, Lorenzo

2007-08-15

This is the third of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 3 introduces one of the most controversial legal doctrines of investment law – 'regulatory taking' – and sets out its implications for sustainable development.

Chemical rocket propulsion a comprehensive survey of energetic materials

CERN Document Server

Shimada, Toru; Sinditskii, Valery; Calabro, Max

2017-01-01

Developed and expanded from the work presented at the New Energetic Materials and Propulsion Techniques for Space Exploration workshop in June 2014, this book contains new scientific results, up-to-date reviews, and inspiring perspectives in a number of areas related to the energetic aspects of chemical rocket propulsion. This collection covers the entire life of energetic materials from their conceptual formulation to practical manufacturing; it includes coverage of theoretical and experimental ballistics, performance properties, as well as laboratory-scale and full system-scale, handling, hazards, environment, ageing, and disposal. Chemical Rocket Propulsion is a unique work, where a selection of accomplished experts from the pioneering era of space propulsion and current technologists from the most advanced international laboratories discuss the future of chemical rocket propulsion for access to, and exploration of, space. It will be of interest to both postgraduate and final-year undergraduate students in...

Determinants of firms' investment behaviour : a multilevel approach

NARCIS (Netherlands)

Farla, K.

2013-01-01

This paper investigates micro and macro determinants of firms' investment behaviour using firm data from 101 developing and emerging economies. A substantial number of firms in our sample does not invest in fixed capital or invests little relative to sales revenue. Using a multilevel probit model we

A U.S. utilities perspective of foreign investments

Energy Technology Data Exchange (ETDEWEB)

White, M.; Imsdahl, B.

1994-12-31

This paper reviews what MDU Resources Group, Inc. will use for criteria to evaluate investment opportunities in foreign countries and the strategy it has developed for foreign investments. The paper further outlines what MDU Resources Group, Inc. considers critical to make an investment in an international project.

Second School of Nuclear Energetics

International Nuclear Information System (INIS)

2009-01-01

At 3-5 Nov 2009 Institute of Nuclear Energy POLATOM, Association of Polish Electrical Engineers (SEP) and Polish Nuclear Society have organized Second School of Nuclear Energetics. 165 participants have arrived from all Poland and represented both different central institutions (e.g. ministries) and local institutions (e.g. Office of Technical Inspection, The Voivodship Presidential Offices, several societies, consulting firms or energetic enterprises). Students from the Warsaw Technical University and Gdansk Technical University, as well as the PhD students from the Institute of Nuclear Chemistry and Technology (Warsaw) attended the School. 20 invited lectures presented by eminent Polish specialists concerned basic problems of nuclear energetics, nuclear fuel cycle and different problems of the NPP construction in Poland. [pl

The Investment Climate of Ukraine and Ways for its Formation

Directory of Open Access Journals (Sweden)

Oryshchyn Tatyana M.

2017-05-01

Full Text Available The article is aimed at studying the factors that determine the positive investment climate in Ukraine. These include the potentially inclusive market, the availability of abundant natural resources, the sufficient scientific and technological potential, the significant agricultural potential (advantageous geographical location, favorable climate, fertile soils, the developed infrastructure, the skilled labor resources, and a developed legislative framework for the issues of foreign investment. The current status of the investment climate in Ukraine, which is characterized by a high level of risk, has been analyzed. Relevance of such necessary measures to improve the investment climate in Ukraine has been substantiated: countering the corruption, reform of the judicial branch and the law enforcement bodies, development of a favorable investment image, facilitation to the investment infrastructure and the stock market, and support for small entrepreneurship.

The economic rationale for investing decisions innovative projects rationalization of investments for innovative projects

Directory of Open Access Journals (Sweden)

L. O. Zhitinskaya

2017-01-01

Full Text Available The article provides a selection of methods for determining the feasibility of an investment-innovative project. Estimated indicators are identified analytically, on their basis a conclusion is made about the economic efficiency and feasibility of the project, which is the basis of its competitiveness. Such growth analytics is necessary, since the social and economic development of the country and the region largely depends on the investment climate, which is facilitated by the legislation of the Russian Federation (the Tax Code of the Russian Federation, the law of the Russian Federation on the regulation of investment activities, etc.. Since competitiveness is also determined by the economic feasibility and financial solvency of innovative projects, modern information and software, as well as the methodology for project appraisal and the corresponding order of their implementation, are needed. In the Russian Federation, a method is used to assess the efficiency of capital investments in capitalist countries, as well as the methodology of economic (competitive analysis of investment-innovative projects. The basis of the method is that reimbursement of investments occurs in two economic forms: net profit and depreciation (net income. Of the numerous methods for assessing the feasibility of investment, the most often used along with discount methods (taking into account the factor of money changes over time, statistical methods with determining the payback period and the average rate of return on investment. Defined indicators: the net present value (NPV and the internal rate of return (IRR. The methodology specified in the article is useful to the investor in order to rationalize investment flows, helps to achieve the maximum IRR. The implementation of the innovative project serves the competitiveness of the manufacturing enterprise by increasing the technical and technological levels of the products.

Multinational Taxation and R&D Investments

NARCIS (Netherlands)

de Waegenaere, A.; Sansing, R.C.; Wielhouwer, J.L.

2012-01-01

This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

Multinational taxation and R&D investments

NARCIS (Netherlands)

De Waegenaere, A.M.B.; Sansing, R.; Wielhouwer, J.L.

2012-01-01

This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

Foreign Direct Investment versus Portfolio Investment : A Global Games Approach

OpenAIRE

Yamin Ahmad; Pietro Cova; Rodrigo Harrison

2004-01-01

We present a model of investment under uncertainty about fundamentals, using a global games approach. Goldstein & Razin (2003) show that there is an information based trade-off between foreign direct investment (FDI) and portfolio investment (PI) which rationalizes some well known stylised facts in the literature - the relative volatility and reversibility of foreign direct investment versus portfolio investment. We extend their result and show that uncertainty about fundamentals does not imp...

CURRENT STATUS AND TRENDS INVESTMENT IN AGRICULTURE UKRAINE

OpenAIRE

Sokolova, A. N.; Yurko, Т. S.; Klimenko, I. V.

2018-01-01

Globalization processes accelerate the pace of scientific and technological progress and innovation and require investment in innovation to enhance the efficiency of the national economy of our state and some of its branches, inter–industry complexes and sub–complexes at the level of developed countries.The article examines the current state of investment in agriculture of Ukraine. The main criteria to encourage capital investment taking into account regional peculiarities capital investment ...

Investment in Renewable Energies in Argentina

Directory of Open Access Journals (Sweden)

Marina Recalde

2017-05-01

Full Text Available This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, the institutional framework of countries must be seriously improved.

Political Connections and Investment in Rural Vietnam

DEFF Research Database (Denmark)

Markussen, Thomas; Tarp, Finn

This paper uses household panel data from rural Vietnam to explore the effects of having a relative in a position of political or bureaucratic power on farmers’ agricultural investment decisions. Our main result is that households significantly increase their investment in land improvement...... as a result of relatives moving into public office. Connections to office holders appear to be important for investment because they strengthen de facto land property rights and improve access to off-farm employment and to informal loans. The findings underline the importance of informal networks for economic...... behaviour in environments with developing institutions and markets. They also suggest the presence of an untapped potential for economic development: if households without connections could obtain equally strong property rights and access to credit and insurance as the well-connected households, investment...

Energetic utilisation of biomass in Hungary

International Nuclear Information System (INIS)

Barotfi, I.

1994-01-01

Energetic utilisation of biomass has been known since prehistoric times and was only pushed into the background by the technological developments of the last century. The energy crisis and, more recently, environmental problems have now brought it back to the fore, and efforts are being made worldwide to find modern technical applications for biomass and contribute to its advance. (orig.) [de

Long-term dynamics of investment decisions in electricity markets with variable renewables development and adequacy objectives

International Nuclear Information System (INIS)

Petitet, Marie

2016-01-01

In liberalised electricity systems, power markets are expected to ensure the long-term coordination of investments in order to guarantee security of supply, sustainability and competitiveness. In the reference energy-only market, it relies on the ability of power markets - where the hourly price is aligned with the marginal cost of the system - to provide an adequate price-signal for investors. However, in practice, questions have been raised about its ability to trigger investments in Low-Carbon Technologies (LCT) including in particular Renewable Energy Sources of Electricity (RES-E), and its ability to ensure capacity adequacy. After a characterisation of these market failures, this dissertation tackles the two research topics within a methodological framework based on a System Dynamics model developed to simulate private investment decisions in power markets. First, the results show that substituting out-of-market support mechanisms for RES-E by market-based investments helped by the sole implementation of a carbon price appears as a feasible solution to trigger RES-E development providing that there is a political commitment on a high carbon price. Second, it also appears that the energy-only market with price cap is ineffective to ensure capacity adequacy in a context of mature markets with conventional thermal power plants under transition paths which involve a stable electricity demand thank to energy efficiency efforts and the exogenous development of RES-E thanks to support mechanisms in the absence of a high and fixed carbon price. Adding a capacity market or removing the price cap both bring benefits in terms of Loss Of Load Expectation (LOLE) and social welfare. Moreover, considering two various energy transition scenarios and different assumptions about the risk aversion of private investors, the capacity market is identified as the best option for regulators among the considered market designs. (author) [fr

Minimizing Investment Risk of Integrated Rail and Transit-Oriented-Development Projects over Years in a Linear Monocentric City

Directory of Open Access Journals (Sweden)

Ding Liu

2016-01-01

Full Text Available Rail and transit-oriented-development (TOD projects are simultaneously optimized in this paper, with special consideration given to yearly variation and spatial and temporal correlation of population densities. In the proposed model, the objective is to minimize the investment risk of integrated rail and TOD projects with a given required expected return on investment. The investment risk is optimized based on closed-form solutions of the design variables, including rail line length, the number of TOD projects, and the number of housing units in each TOD project. The closed-form solutions are given explicitly under the assumption of social welfare maximization. It is found that underestimation exists for rail and TOD projects without consideration of the correlation of spatial and temporal population densities. TOD projects can greatly improve the return on investment of the rail operator. A numerical example is also presented.

U.S. Direct Investment Abroad: Trends and Current Issues

National Research Council Canada - National Science Library

Jackson, James K

2007-01-01

.... foreign direct investment is concentrated in high income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years...

U.S. Direct Investment Abroad: Trends and Current Issues

National Research Council Canada - National Science Library

Jackson, James K

2005-01-01

.... foreign direct investment is concentrated in high income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years...

U.S. Direct Investment Abroad: Trends and Current Issues

National Research Council Canada - National Science Library

Jackson, James K

2006-01-01

.... foreign direct investment is concentrated in high income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years...

U.S. Direct Investment Abroad: Trends and Current Issues

National Research Council Canada - National Science Library

Jackson, James K

2008-01-01

.... foreign direct investment is concentrated in high-income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years...

The Mechanism of Financial Stimulation of Investment Activity

Directory of Open Access Journals (Sweden)

Vasiliy Valeryevich Tarakanov

2016-03-01

Full Text Available Modernization of the Russian economy and creation of conditions for its economic growth demand activization of investment activity that is possible by means of its financial stimulation. Financial stimulation of investment activity defines the need of changes of the contents, the directions and ways of implementation of the financial relations between subjects of investment activity. Financial stimulation of investment activity is carried out via the mechanism in the context of which these financial relations are settled. For defining the mechanism of financial stimulation of investment activity the authors consider the very concept of financial mechanism. The conclusion is drawn that all elements of the financial mechanism are the integrated unity, they are interdependent and interconnected, and the combination of types, forms, methods of the organization of the financial relations forms “a design of the financial mechanism”. The article specifies the maintenance of the mechanism of financial stimulation of investment activity, and reveals its essence. The structure of the mechanism of financial stimulation of investment activity is presented by the following elements: subjects of financial stimulation of investment activity, the purpose of attraction of investments by them, set of financial methods and tools, sources of means of achievement of goals, standard - legal and information support of financial stimulation of investment activity. It is proved that in the mechanism of financial stimulation of investment activity the leading role is played by the state by means of forms of direct and indirect participation in attraction of investments, each of which is realized by means of specific methods and the corresponding tools. The widespread instrument of financial stimulation of investment activity is the investments which are carried out by the state institutes of development participating in the organization of the process of financial

FORMS AND MOTIVATIONS OF FOREIGN DIRECT INVESTMENT

Directory of Open Access Journals (Sweden)

Maria-Ramona SÂRBU

2014-04-01

Full Text Available This study proposes the identification of forms of Foreign Direct Investment (FDI and analyzes factors influencing FDI motivation. Designing a coherent program to encourage foreign direct investment is based on knowledge of the factors that determine international companies to resort to this type of development: these companies resort to foreign direct investment if they have ownership advantages and internationalization, while another country has locational advantages to the company's home country. Thus, identifying the factors that influence the motivation of FDI is important both at the microeconomic level, local, local authorities and macroeconomic, national, government to develop measures for multiplying FDI .

The Social Investment in Social Capital

Directory of Open Access Journals (Sweden)

Gritsaenko Galina I.

2018-01-01

Full Text Available The article is aimed at defining the essence of social investment, substantiating the levels of their implementation, and identifying the mechanisms of influence on social capital. The dynamics of the level of trust in the Ukrainian society is analyzed, on the basis of which the conclusion about the crisis of complete personal and institutional distrust, as well as the necessity of systematic work on the formation of social capital, has been made. The essence of social investments as such, which are directed on development of objects of social environment, including human and social capitals, has been defined. It has been suggested to study social investment on the nano-, micro-, meso-, macro- and mega-levels. The relevant investors and beneficiaries, as well as possible directions of their activity activation, are considered. Prospect for further scientific researches should be development of mechanism for efficient interaction of international organizations, governmental structures, representatives of business and civil society as a whole with the purpose of formation of strategy of social investment, which would facilitate the implementation of structural reforms and ensure the sustainable development of Ukraine.

46 Evaluating Foreign Direct Investment and Africa's Development ...

African Journals Online (AJOL)

Africa to several factors discouraging foreign direct investment. Suggestions and ... in the economy of African states and what reasons account for such impacts. ..... information to second-guess market signals (prices) and because powerful interest ..... over 115 million people using cell phones in Nigeria, we do not have any ...

Energetic map

International Nuclear Information System (INIS)

2012-01-01

This report explains the energetic map of Uruguay as well as the different systems that delimits political frontiers in the region. The electrical system importance is due to the electricity, oil and derived , natural gas, potential study, biofuels, wind and solar energy

DISPUTE RESOLUTION OF FOREIGN DIRECT INVESTMENT IN CHINA

Directory of Open Access Journals (Sweden)

Fiska Silvia Raden Roro

2012-09-01

Full Text Available Corruption activity in this modern era keeps hurting the implementation of foreign investment in Indonesia, especially for the dispute settlement aspect. Unfortunately, today, Indonesia is one of the interesting place for foreign investment destination, especially for consumer goods manufacturers. This situation happened because of Indonesia’s great resources which is totally supportive to business development activity. This article was intended to spur the development of Indonesia’s legal system, especially about foreign investment, and also to explain how the dispute resolution on foreign investment in Chinese Regime perspective, including considerations of how Chinese culture and settlement in foreign investment, methods of negotiation, mediation, arbitration. It will also be discussed how the practice of the settlement of disputes through litigation also the enforcement of foreign arbitral awards and the enforcement of a foreign court related to Chinese Regime.

Investment under Uncertain Climate Policy

DEFF Research Database (Denmark)

Barradale, Merrill Jones

2014-01-01

This paper introduces the concept of payment probability as an important component of carbon risk (the financial risk associated with CO2 emissions under uncertain climate policy). In modeling power plant investment decisions, most existing literature uses the expected carbon price (e.g., the price...... actually be faced in the case of a particular investment. This concept helps explain both the surge of activity in 2005–2006 and the subsequent decline in interest in coal-fired power plant development in the U.S. The data for this case study comes from an extensive online survey of 700 U.S. energy...... design better incentives for investing in low-carbon technologies...

Energetic Sustainability and the Environment: A Transdisciplinary, Economic–Ecological Approach

Directory of Open Access Journals (Sweden)

Ioan G. Pop

2017-05-01

Full Text Available The paper combines original concepts about eco-energetic systems, in a transdisciplinary sustainable context. Firstly, it introduces the concept of M.E.N. (Mega-Eco-Nega-Watt, the eco-energetic paradigm based on three different but complementary ecological economic spaces: the Megawatt as needed energy, the Ecowatt as ecological energy, and the Negawatt as preserved energy. The paper also deals with the renewable energies and technologies in the context of electrical energy production. Secondly, in the context of the M.E.N. eco-energetic paradigm, comprehensive definitions are given about eco-energetic systems and for pollution. Thirdly, the paper introduces a new formula for the eco-energetic efficiency which correlates the energetic efficiency of the system and the necessary newly defined ecological coefficient. The proposed formula for eco-energetic efficiency enables an interesting form of relating to different situations in which the input energy, output energy, lost energy, and externalities involved in an energetic process, interact to produce energy in a specific energetic system, in connection with the circular resilient economy model. Finally, the paper presents an original energetic diagram to explain different channels to produce electricity in a resilience regime, with high eco-energetic efficiency from primary external energetic sources (gravitation and solar sources, fuels (classical and radioactive, internal energetic sources (geothermal, volcanoes and other kind of sources. Regardless the kind of energetic sources used to obtain electricity, the entire process should be sustainable in what concerns the transdisciplinary integration of the different representative spheres as energy, socio-economy, and ecology (environment.

Simulation of the Investment Attractiveness of Science in a Region

Directory of Open Access Journals (Sweden)

Aleksandr Aleksandrovich Tarasyev

2016-03-01

Full Text Available The article is devoted to the variable and disproportionate funding of science in the Russian economy. The paper is focused on the analysis of the Russian financial flows into scientific research and development. The paper explains the dynamics of the main investment flows trends into research and development, highlights the causes of financial flows variable dynamics directed to the high-tech industry. In the work, the investment situation in the Russian market was compared with the foreign experience. The genesis of the optimal financial distribution problems showed the need to develop a dynamic model with the built-in differential equations to forecast the behavioral dynamics of investment flows. We selected the statistical indicators, which have a significant impact on the dynamics of investment flows directed into science. To assess the dynamics of investment flows, we have developed a methodology, which provides a cumulative assessment of the territory investment attractiveness. The multifactor integral estimation allows to describe a data array, reflecting the accumulation of investment attractiveness over time depending on the dynamics of the resultant socio-economic proportional indexes. Due to the accumulation of a data array over time using a differential equation, it is possible to obtain a forecast of the volume of the territory investment attractiveness. The amount of the projected investment flows depends directly on the amount of the investment attractiveness accumulated for the previous step of model’s time. The integrated assessment of the investment attractiveness of the scientific sector in the region allows to reveal the investors preference of the regions with a high concentration of research institutions and higher education institutes.

Optimal Priority Structure, Capital Structure, and Investment

OpenAIRE

Dirk Hackbarth; David C. Mauer

2012-01-01

We study the interaction between financing and investment decisions in a dynamic model, where the firm has multiple debt issues and equityholders choose the timing of investment. Jointly optimal capital and priority structures can virtually eliminate investment distortions because debt priority serves as a dynamically optimal contract. Examining the relative efficiency of priority rules observed in practice, we develop several predictions about how firms adjust their priority structure in res...

Financing energy investments in the economies in transition

International Nuclear Information System (INIS)

Brendow, C.

1997-01-01

This report is the part concerning Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) of the World Energy Council (WEC) Programme - a global study of the financing requirements of future energy developments. The investment needs are determined to reach the standards of developed energy market economies in terms of quality of service, efficiency, profitability, environmental protection and safety. Considering the macro-economic and general energy development scenarios done by IIASA and WEC the cumulative investment requirements 1990-2020 would be to range from $281bill. to $509 bill. in CEE; annual investment requirements would amount to $15-28 bill. depending on the scenarios; specific investment requirements per ton energy would range from 77 (ecologically driven scenario) to $101 (high growth, coal based scenario). In 1994 international finance for CEE/CIS energy sector was only $5 bill. (or 5% of the needs) due to the small size of the projects, low energy prices and the lack of incentives. CEE/CIS countries have not done enough to attract foreign loans. Western energy corporations acquired shares of Russian oil and gas companies. Reasons for the slow start include currency risk, legal uncertainty, uncertain demand prospects, low electricity tariffs, required rate of returns - above 18% in CEE, 25% in CIS, compared to 10% in US and UK. About 9% of total world foreign direct investments have been entered in energy sector. Multilateral organizations have invested yearly average $0.8-1 bill. grants and credits in CEE/CIS energy activities. From 1991 to 1995 135 mill. ECU have been spent for supporting national energy sector in CEE countries under PHARE activities. Difficulties are due to the lack of developed capital markets in these countries. In the future CEE capital markets could support a substantial proportion of the national investment requirements. By 2020 capital requirements for energy supply investments would be 3.4-4.7% of

Bio-energetic rehabilitation of human health with use of therapeutic fasting

International Nuclear Information System (INIS)

Kechutkina, E.M.; Inyushin, V.M.; Asanov, D.R.

2000-01-01

The work devoted to study of mothers' and children's coming from ecologically unfavorable regions rehabilitation measures effectiveness and health improvement in condition of sanatorium-resort conditions. Comprehensive approach was developed in this direction. The approach includes of bio-energetic, psychologic, clearing measures in combination with weight-out faltering and observation of health status with help of electro-physiological methods. In result of conducted study and following analysis positive influence of hunger (in complex with resonance photoactivation bio-energetic excesses, psycho-training) process of bio-energetic rehabilitation of human health. It is concluded that most powerful energizing of reserve opportunities of body takes place at complete refusal from food and transition on internal nourishment (endogenous) that was confirm at 7-day festering by indexes of homeostasis shift

Safer energetic materials by a nanotechnological approach

Science.gov (United States)

Siegert, Benny; Comet, Marc; Spitzer, Denis

2011-09-01

Energetic materials - explosives, thermites, populsive powders - are used in a variety of military and civilian applications. Their mechanical and electrostatic sensitivity is high in many cases, which can lead to accidents during handling and transport. These considerations limit the practical use of some energetic materials despite their good performance. For industrial applications, safety is one of the main criteria for selecting energetic materials. The sensitivity has been regarded as an intrinsic property of a substance for a long time. However, in recent years, several approaches to lower the sensitivity of a given substance, using nanotechnology and materials engineering, have been described. This feature article gives an overview over ways to prepare energetic (nano-)materials with a lower sensitivity.Energetic materials - explosives, thermites, populsive powders - are used in a variety of military and civilian applications. Their mechanical and electrostatic sensitivity is high in many cases, which can lead to accidents during handling and transport. These considerations limit the practical use of some energetic materials despite their good performance. For industrial applications, safety is one of the main criteria for selecting energetic materials. The sensitivity has been regarded as an intrinsic property of a substance for a long time. However, in recent years, several approaches to lower the sensitivity of a given substance, using nanotechnology and materials engineering, have been described. This feature article gives an overview over ways to prepare energetic (nano-)materials with a lower sensitivity. Electronic supplementary information (ESI) available: Experimental details for the preparation of the V2O5@CNF/Al nanothermite; X-ray diffractogram of the V2O5@CNF/Al combustion residue; installation instructions and source code for the nt-timeline program. See DOI: 10.1039/c1nr10292c

Foreign direct investment in the health care sector and most-favoured locations in developing countries.

Science.gov (United States)

Outreville, J François

2007-12-01

Given the growing importance of the health care sector and the significant development of trade in health services, foreign direct investment (FDI) in this sector has gathered momentum with the General Agreement on Trade in Services. Despite extensive case based research and publications in recent years on health care markets and the rise of private sectors, it is surprisingly difficult to find evidence on the relative importance of the largest multinational corporations (MNCs) operating in the health care sector. The objective of the paper is to identify some of the determinants of foreign investment of the largest MNCs operating in this industry. The list of the largest MNCs has been compiled using company websites and data is available for 41 developing economies for which at least two MNCs have an office (branch and/or affiliate). The results of this study have some important implications. They indicate that location-specific advantages of host countries, including good governance, do provide an explication of the internationalization of firms in some developing countries rather than others.

RESEARCH OF GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY

Directory of Open Access Journals (Sweden)

О. Chernyak

2015-10-01

Full Text Available This article contains results of studying experiences of the leading countries in renewable energy technologies’ development. The classification of renewable energy was presented. In this article we investigated modern trends and prospects of wind power, solar energy, hydropower, bioenergy and geothermal energy. Authors analyzed different national strategies for attracting investments in “green” energy. Rating of the 10 countries with the largest investments in alternative energy was presented. Authors researched investments in developed countries and developing countries, depending on the type of renewable energy. A model for research and forecasting of investment in renewable energy based on annual data for the period 1990-2012 years was built. In addition, authors used methods such as moving average, exponential smoothing, Holt- Winters method and different types of trends based on quarterly data for 2004-2014 years.

Investment Primer for Green Revolving Funds

Science.gov (United States)

Weisbord, Dano

2012-01-01

Developing return-oriented green revolving funds (GRFs) is a rapidly growing trend at colleges and universities. A green revolving fund (GRF) is a special account designated for investment in on-campus projects that improve energy efficiency or decrease material use. GRFs invest in a variety of cost-saving initiatives, resulting in significant…

Quantifying Transmission Investment in Malaria Parasites.

Directory of Open Access Journals (Sweden)

Megan A Greischar

2016-02-01

Full Text Available Many microparasites infect new hosts with specialized life stages, requiring a subset of the parasite population to forgo proliferation and develop into transmission forms. Transmission stage production influences infectivity, host exploitation, and the impact of medical interventions like drug treatment. Predicting how parasites will respond to public health efforts on both epidemiological and evolutionary timescales requires understanding transmission strategies. These strategies can rarely be observed directly and must typically be inferred from infection dynamics. Using malaria as a case study, we test previously described methods for inferring transmission stage investment against simulated data generated with a model of within-host infection dynamics, where the true transmission investment is known. We show that existing methods are inadequate and potentially very misleading. The key difficulty lies in separating transmission stages produced by different generations of parasites. We develop a new approach that performs much better on simulated data. Applying this approach to real data from mice infected with a single Plasmodium chabaudi strain, we estimate that transmission investment varies from zero to 20%, with evidence for variable investment over time in some hosts, but not others. These patterns suggest that, even in experimental infections where host genetics and other environmental factors are controlled, parasites may exhibit remarkably different patterns of transmission investment.

Heat sources for heat pumps in the energetic and economic comparison

International Nuclear Information System (INIS)

Bockelmann, Franziska; Fisch, M. Norbert; Schlosser, Mathias; Peter, Markus

2016-01-01

Because of the growing application of heat pumps also the number of potentially usable low-temperature heat sources and corresponding heat exchangers for heat-pump systems present in the market increases. Thereby products like energy fences, high-power piles, ore ice reservoir come into applications without any knowledge ab out their power or the cost-profit ratio. The optimized lay-out of the coupling to the building are however essential conditions in order to reach an energy-efficient and durable operation of the facilities. The research project ''future heat pump'' sponsored by the BMWi is dedicated to the energetic and economic evaluation of heat sources for heat pumps. In this connection a pre-check-tool for the preliminary selection of low-temperature heat sources and connected, suitable heat-exchange systems is developed and their actual status of development presented. The holistic, comparing consideration of the different heat sources and heat-exchanger systems is related among others to the power numbers of the heat pumps, the entry and withdrawal services of the heat-exchangers, and the general performance of the systems. Additionally an estimation of economic and ecologic aspects (investment and operation costs, CO_2 emissions) is made. Aim is the determination of the plausibility of applications and essential boundary conditions of single source systems. For the qualitative comparison in a project-accompanying monitoring different facilities and source systems are measurement-technically comprehended.

Inconsistent Investment and Consumption Problems

DEFF Research Database (Denmark)

Kronborg, Morten Tolver; Steffensen, Mogens

2015-01-01

In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system...... of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth...... of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal...

Optimization of some eco-energetic systems

International Nuclear Information System (INIS)

Purica, I.; Pavelescu, M.; Stoica, M.

1976-01-01

An optimization problem of two eco-energetic systems is described. The first one is close to the actual eco-energetic system in Romania, while the second is a new one, based on nuclear energy as primary source and hydrogen energy as secondary source. The optimization problem solved is to find the optimal structure of the systems so that the objective functions adopted, namely unitary energy cost C and total pollution P, to be minimum at the same time. The problem can be modelated with a bimatrix cooperative mathematical game without side payments. We demonstrate the superiority of the new eco-energetic system. (author)

Optimal Responsible Investment

DEFF Research Database (Denmark)

Jessen, Pernille

Numerous institutions are now engaged in Socially Responsible Investment or have signed the "UN Principles for Responsible Investment". Retail investors, however, are still lacking behind. This is peculiar since the sector constitutes key stakeholders in environmental, social and governmental...... standards. This paper considers optimal responsible investment for a small retail investor. It extends conventional portfolio theory by allowing for a personal-value based investment decision. Preferences for responsibility are defined in the framework of mean-variance analysis and an optimal responsible...... investment model identified. Implications of the altered investment problem are investigated when the dynamics between portfolio risk, expected return and responsibility is considered. Relying on the definition of a responsible investor, it is shown how superior investment opportunities can emerge when...

Capital investment strategies in health care systems.

Science.gov (United States)

Reiter, K L; Smith, D G; Wheeler, J R; Rivenson, H L

2000-01-01

Capital investment decisions are among the most important decisions made by firms. They determine the firm's capacity for providing services and commit the firm's cash for an extended period of time. Interviews with chief financial officers of leading health care systems reveal capital investment strategies that generally follow the recommendations of modern finance theory. Still, there is substantial variation in capital budgeting techniques, methods of risk adjustment, and the importance of qualitative considerations in investment decision making. There is also variation in delegation of investment decision making to operating units and methods of performance evaluation. Health care systems face the same challenges as other organizations in developing and implementing capital investment strategies that use consistent methods for evaluation of projects that have inconsistent aims and outcomes.

LEVERAGE IMPACTS ON AGRO-INDUSTRIAL COMPANY INVESTMENTS

Directory of Open Access Journals (Sweden)

Nugroho A.C.

2018-03-01

Full Text Available Agro-industry has an important role in Indonesian economic growth. One of the crucial constraints in agro-industry investments in developing country is due to limited access to investment fund. This research was aimed to analyze the impacts of leverage on the agro-industrial company investments. The research used financial report data of the manufacturing industries on agro-industrial bases registered in Indonesian Stock-Exchange from 2007 to 2016. The data were analyzed using panel data regression analysis. The results of the research showed that the leverage influenced negatively on the agro-industrial companies. Cash flow has a negative impact on the company investments, which shows the existence of financial constraints when the company decide to invest.

Energetics Laboratory Facilities

Data.gov (United States)

Federal Laboratory Consortium — These energetic materials laboratories are equipped with explosion proof hoods with blow out walls for added safety, that are certified for safe handling of primary...

INCREASE THE INVESTMENT ATTRACTIVENESS OF THE REGION: THE EXPERIENCE OF THE VORONEZH REGION

Directory of Open Access Journals (Sweden)

I. M. Podmolodina

2014-01-01

Full Text Available Summary. The paper clarifies the relationship of concepts investment climate, investment attractiveness, investment activity. It has been established that investment activity is a sign of effective investment attractiveness. Investment attractiveness of the subject of the Russian Federation due to the efforts of the regional authorities in the areas of improving the investment climate in the region; improvement of legal norms for domestic and foreign investors; developing incentives for investment activity. The article substantiates the investment policy measures that should contribute to the objectives of the investment strategy through implementation of investment programs. The priorities of the investment policy in the region include the creation of clusters, the development of branches of agriculture, increase the volume of production of import-substituting products. The attractiveness of the Voronezh region due to its favorable geopolitical location, large capacity market, its personnel and scientific potential. Investment activity in the Voronezh region largely determines the special organization "Agency for Investment and Strategic Projects." Investment activity in the region is stimulated by the development of industrial parks in the territory of which the large investment projects world producers. Voronezh region has rich experience in attracting potential investors and working with them. The article discusses a set of preferences granted inve-Sided, clarity and transparency of the existing mechanism of their production, thereby increasing the investment attractiveness of the Voronezh region. Provides an overview of realized and announced for implementation of investment projects. The article notes that further increase the investment attractiveness of the Voronezh region is associated with the improvement of legal and regulatory framework; development of infrastructure for the implementation of investment projects; Formation of

78 FR 77377 - Small Business Investment Companies-Investments in Passive Businesses

Science.gov (United States)

2013-12-23

... SMALL BUSINESS ADMINISTRATION 13 CFR Part 107 RIN 3245-AG57 Small Business Investment Companies--Investments in Passive Businesses AGENCY: U.S. Small Business Administration. ACTION: Proposed rule. SUMMARY... Investment Company (SBIC) program concerning investments in passive businesses. SBICs are generally...

Human Capital Formation and Foreign Direct Investment in Developing Countries. OECD Development Centre Working Paper No. 211 (Formerly Technical Paper No. 211)

Science.gov (United States)

Miyamoto, Koji

2003-01-01

This paper synthesises the existing literature on human capital formation and foreign direct investment (FDI) in developing countries. The aim is to take a bird's eye view of the complex linkages between the activities of multinational enterprises (MNEs) and policies of host developing countries. In doing so, general trends, best practices and…

Ranking independent timber investments by alternative investment criteria

Science.gov (United States)

Thomas J. Mills; Gary E. Dixon

1982-01-01

A sample of 231 independent timber investments were ranked by internal rate of return, present net worth per acre and the benefit cost ratio—the last two discounted by 3, 6.4. 7.5. and 10 percent—to determine if the different criteria had a practical influence on timber investment ranking. The samples in this study were drawn from a group of timber investments...

Investment Attractiveness of Food Industries in Ukraine

Directory of Open Access Journals (Sweden)

L. О.

2017-02-01

Full Text Available Effective investment is a factor for long-term company development. As enhancement of investment attractiveness is a required condition for economic growth and improvement of living standards, it needs to be on the agenda at government and company level. The article’s objective is to study investment attractiveness of food industries in Ukraine over 2012–2015. Investment attractiveness of food industries can be measured by indicators of liquidity, financial sustainability, and profit rate. Basically, food industries in Ukraine are attractive for investment, which is demonstrated by assessment of the financial indicators. The investment attractiveness worsened slightly in 2015 compared with 2014. The essential problems faced by food industries are shortage of internal funds and negative profit rate of all the activities, assets and own capital. Official statistical data and software package SPSS are used to build the dendrogram, allowing for dividing food industries by level of investment attractiveness into three groups: industries with high, medium and low level of investment attractiveness. It is found that meat industry is the one with the highest level of investment attractiveness. Also, investors should look positively at food-canning industry, oil and animal fat industry, flour-milling industry, starch and starch products industry, and other foods industry.

An investment in children's health, nutrition and education is the foundation stone for all national development.

Science.gov (United States)

Kalra, S

1991-01-01

A medical student at the Christian Medical College in Ludhiana, India, won first place in the First Annual Dr. S.M. Gupta Memorial Essay Contest with this essay on investing in the health, nutrition, and education of India's children. The health, nutrition, and education condition of India's children is substandard. 10% of infants die before their first birthday. 15% of children die before age 5. Many Indian children suffer from diarrhea and acute respiratory infections. Investment in immunization, oral rehydration therapy, hygiene, and health education would prevent many of these deaths and illnesses. Illness and death cost parents time, energy, and money. Children suffering from malnutrition and sickness cannot concentrate on learning. The state of today's children foretells the state of tomorrow's adults, work force, and leaders. Poor nutrition and health contribute to India's substandard economic productivity. India has 14% of the world's population, but produces only 1.2% of its gross national product. Even though India was the first country to have a national family planning program, its fertility and population growth rates are high. Investment in children's health would show parents the benefits of planning their families. It would also improve India's poor performance in sports and war as well as national prestige and socioeconomic development. The considerable number of illiterates reflect India's failure to invest in education. Females have a lower literacy rate than males. Girls in India suffer much discrimination. They receive less food, less medical care, less opportunities for education, and less recreation. National development depends on the active participation of girls. Prevention is the key: nourish the children, educate them, and keep them healthy.

The sustainable development effects of investment by emerging-market multinationals: Shaping beneficial outcomes for home and host country

NARCIS (Netherlands)

Hendriks, G. (Guus)

2017-01-01

textabstractEmerging-market multinational enterprises (EMNEs) play an increasingly important role as investors in developing economies. When certain conditions are met, their foreign investment can contribute to host-country progress towards the Sustainable Development Goals (SDGs). Moreover,

EVALUATION METHODS OF INVESTMENT ATTRACTIVENESS OF UKRAINIAN AGRICULTURAL ENTERPRISES

Directory of Open Access Journals (Sweden)

Nadiia Davydenko

2017-12-01

Full Text Available The purpose of the article is to reveal scientific approaches to determining investment attractiveness of enterprises. Evaluation methods of investment attractiveness of enterprises, which are based on various expert assessments, on statistical information, and also combined methodologies based on expert and statistical calculations are investigated. Decision-making criteria on the appropriateness of investment are determined. Methodology. To determine investment attractiveness of agrarian enterprise on the basis of rating and analytical assessment, it is necessary to use an integrated approach and take into account certain set of indicators. During developing and organizing rating restrictions, we conducted an analysis of groups of indicators, which combined characterize investment attractiveness in a complex way, taking into account specifics of the industry. Results. Application of this approach allows quickly evaluating perspectives of funds investing and the reliability of the investment object. At the same time, the investment potential of company and investment risk are expressed by one general indicator, which allows applying rating comparisons. In order to approbate research results, seven agrarian enterprises with positive profitability and appropriate level of financial autonomy are selected. Based on financial statements, we determined their investment attractiveness and rating. Practical implications. Proposed calculation methodology covers all major processes occurring in different functional sectors of the internal environment of agrarian enterprise, which ensures a systematic view of the subject of management, which enables to identify all the strengths and weaknesses, as well as to create a strategy for prospective development on this basis. Presented methodology for the evaluation of investment attractiveness of enterprises can be successfully applied in agrarian enterprises as during the choice of priority directions of

76 FR 2029 - Small Business Investment Companies-Energy Saving Qualified Investments

Science.gov (United States)

2011-01-12

... 3245-AF86 Small Business Investment Companies--Energy Saving Qualified Investments AGENCY: U.S. Small... Administration (SBA) is setting forth the new defined terms, ``Energy Saving Qualified Investment'' and ``Energy Saving Activities'', for the Small Business Investment Company (SBIC) Program. The new definitions are...

Development of thermoregulation and torpor in a marsupial: energetic and evolutionary implications.

Science.gov (United States)

Geiser, Fritz; Westman, Wendy; McAllan, Bronwyn M; Brigham, R Mark

2006-02-01

Altricial mammals and birds become endothermic at about half the size of adults and presumably would benefit energetically from entering torpor at that time. Because little is known about torpor during development in endotherms, we investigated whether after the establishment of endothermic thermoregulation (i.e. the ability to maintain a high body temperature during cold exposure), Sminthopsis macroura, a small (approximately 25 g) insectivorous marsupial, is capable of entering torpor and whether torpor patterns change with growth. Endothermic thermoregulation was established when the nest young reached a body mass of approximately 10 g, and they were capable of entering torpor early during development at approximately 10-12 g, lending some support to the view that torpor is a phylogenetically old mammalian trait. Torpor bout length shortened significantly and the minimum metabolic rate during torpor increased as juveniles approached adult size, and consequently total daily energy expenditure increased steeply with age. Relationships between total daily energy expenditure and body mass during development of S. macroura (slope approximately 1.3) differed substantially from the relationship between basal metabolism and body mass in adult endotherms (slope approximately 0.75) suggesting that the energy expenditure-size relationship during the development differs substantially from that in adults under thermo-neutral conditions. Our study shows that while torpor can substantially reduce energy expenditure during development of endotherms and hence is likely important for survival during energy bottlenecks, it also may enhance somatic growth when food is limited. We therefore hypothesize that torpor during the development in endotherms is far more widespread than is currently appreciated.

Energetical and economical assessment of the waste heat problem

International Nuclear Information System (INIS)

Demicheli, U.; Voort, E. van der; Schneiders, A.; Zegers, P.

1977-01-01

Electrical power plants produce large quantities of low grade heat that remain unused. For ecological reasons this waste heat must be dispersed by means of expensive cooling devices. Waste heat could be used in acquacultural and agricultural complexes this replacing large amounts of primary energy. Energetical and economical aspects are discussed. The state of the art of these and other utilisations is outlined. A different approach to the problem is to reduce the production of waste heat. Various strategies to achieve this challenge are outlined and their actual state and possible future developments are discussed. Finally, the various most promising utilizations are examined from an energetical point of view

Information Technology Investment Strategy Planning: Balance Scorecard Approach

Directory of Open Access Journals (Sweden)

Henny Hendarti

2011-05-01

Full Text Available Purpose of this research are to prepare the IT investment strategy using Balanced Scorecard approach in the company where the appropriate planning of this IT investment strategy can maximize the competitive benefit in the company, and it also to recommended a strategy of IT investment that can be implemented and measure the rate of return from the IT investment in the company. Research Method used book studies, field studies, and analysis system. Book studies from the books and journal. Field studies done by observation, interview, and questioner, and analysis system done by analyzed the ongoing system in the company. The result from this analysis is a recommendation in investment IT such as sales module, payment module, and report module. Then for the conclusion, this information technology investment planning can be develop to another investment implementation such authorized website of the company and using PDA (Personal Digital AssistantIndex Terms - Planning, Information Technology, Investment, Balance Scorecard

Spillovers from Foreign Direct Investment

DEFF Research Database (Denmark)

Meyer, Klaus E.; Sinani, Evis

2005-01-01

The extensive empirical literature analyzing productivity spillovers from foreign direct investment to local firms provides inconclusive results. Some studies find that foreign presence has a positive impact on the productivity of domestic firms, while others find no evidence or a negative effect...... for industrialized countries in the 1990s. Transition economies may experience spillovers, but these have been declining in recent years. Keywords: developing countries, transition economies, spillovers, foreign direct investment, technology transfer, meta-analysis...

Investment in new product reliability

International Nuclear Information System (INIS)

Murthy, D.N.P.; Rausand, M.; Virtanen, S.

2009-01-01

Product reliability is of great importance to both manufacturers and customers. Building reliability into a new product is costly, but the consequences of inadequate product reliability can be costlier. This implies that manufacturers need to decide on the optimal investment in new product reliability by achieving a suitable trade-off between the two costs. This paper develops a framework and proposes an approach to help manufacturers decide on the investment in new product reliability.

THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE AUTOMOBILE

Directory of Open Access Journals (Sweden)

CEAUȘESCU IONUT

2015-08-01

Full Text Available Direct foreign investment consists of the placing of funds to an economic objective that works abroad, for the purpose of obtaining a certain degree of control over it. Therefore, foreign direct investments are those types of investments in which investors issuers of investment flows have the ability to control and decision on the activity of economic agents receivers of investments. Foreign direct investments have three components, namely: social capital, reinvested profit and loans inside the company. Foreign investment is at this time the engine Romania's development strategy, among the biggest investors in Romania in the country being French Renault group. The investment made, Renault has increased as a brand name, DACIA, extending over boundaries of the country even on the American continent were said so, benefited from your investment both Romanian state, as well as Renault.

DEVELOPMENT OF AN INTERACTIVE SOFTWARE TO STUDY ENERGETIC METABOLISM

Directory of Open Access Journals (Sweden)

Emanuella da Silva Cardoso

2016-11-01

Full Text Available INTRODUCTION: Technology allows the creation of dynamic interfaces and graphics, which enables the construction of different scenarios that simulate biochemical events at cellular and molecular level. Furthermore, games have the ability to amuse and stimulate students and thus keeping them interested and receptive. Therefore, digital games must be explored as teaching aids once they have features that enhance the teaching process. OBJECTIVES: This project aimed to develop an educational software that contributes to the understanding of various events taking place in energetic metabolism. MATERIALS AND METHODS: We developed a downloadable educational game in Java, divided into two levels, each of which tackle issues about the Krebs cycle, the respiratory chain and oxidative phosphorylation. Initially, the names of the components of the metabolic process appear randomly on computer screen and the user must follow clues to place them in the right sequence, until all the biochemical reactions are complete. In next phase, there is a quiz about details and clinical correlates related to the theme of the game. Finally, students have to answer a form in order to verify acceptance and relevance of the game. DISCUSSION AND RESULTS: The game was applied to 40 medical students from UFF. The game’s subject matter and its difficulty were analyzed and more than 40% of students classified both respiratory chain and Krebs cycle as difficult. These findings highlight the need to establish new methods to enhance the teaching and learning processes and decrease the students’ difficulties, which is the game’s purpose. The game was very highly rated by students once they evaluated the game as an excellent educational aid and 92% of students agreed that it complements the content discussed in classroom. Finally, 97,5% of students said they would play again. CONCLUSION: Therefore, educational games could be an excellent tool to optimize learning.

12 CFR 703.5 - Discretionary control over investments and investment advisers.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Discretionary control over investments and investment advisers. 703.5 Section 703.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.5 Discretionary control over investments and...

Ultrafast Laser Diagnostics for Energetic-Material Ignition Mechanisms: Tools for Physics-Based Model Development.

Energy Technology Data Exchange (ETDEWEB)

Kearney, Sean Patrick; Jilek, Brook Anton; Kohl, Ian Thomas; Farrow, Darcie; Urayama, Junji

2014-11-01

We present the results of an LDRD project to develop diagnostics to perform fundamental measurements of material properties during shock compression of condensed phase materials at micron spatial scales and picosecond time scales. The report is structured into three main chapters, which each focus on a different diagnostic devel opment effort. Direct picosecond laser drive is used to introduce shock waves into thin films of energetic and inert materials. The resulting laser - driven shock properties are probed via Ultrafast Time Domain Interferometry (UTDI), which can additionally be used to generate shock Hugoniot data in tabletop experiments. Stimulated Raman scattering (SRS) is developed as a temperature diagnostic. A transient absorption spectroscopy setup has been developed to probe shock - induced changes during shock compressio n. UTDI results are presented under dynamic, direct - laser - drive conditions and shock Hugoniots are estimated for inert polystyrene samples and for the explosive hexanitroazobenzene, with results from both Sandia and Lawrence Livermore presented here. SRS a nd transient absorption diagnostics are demonstrated on static thin - film samples, and paths forward to dynamic experiments are presented.

Theoretical foundations of information security investment security companies

Directory of Open Access Journals (Sweden)

G.V. Berlyak

2015-03-01

Full Text Available Methodological problems related to the lack of guidance in the provisions (standards of accounting on the reflection in the accounting and financial reporting of the research object. In this connection, it is proposed to amend the provisions (standards of accounting. This will allow to come to the consistency of accounting methods of operations with elements of investment activity. Based on analysis of the information needs of users suggested indicators identikativnye blocks (block corporate finance unit assess the relationship with financial institutions, block the fulfillment of obligations according to the calculations, the investment unit, a science and innovation, investment security and developed forms of internal accounting controls and improvements to existing forms financial statements for the investment activities of the enterprise. Using enterprise data reporting forms provide timely and reliable information on the identity and structure of investment security and enable the company to effectively plan and develop personnel policies for enterprise management.

Nuclear energetics as environmentally affable source - present and and future

International Nuclear Information System (INIS)

Suchomel, J.

2002-01-01

In this paper the situation in nuclear energetics in the world in 2000 year is presented. Climatic changes initiated by burning of the fossil fuels an influence of nuclear energetics are discussed. Author informs that European Union and U.S.A. supports developing of nuclear energetics. Nuclear phobia from radiation risk of some inhabitants is compared with risks of other man activities. Possibilities of the electricity production by alternative sources are compared. Liability of the Slovak Republic for decommissioning of two reactor of the V-1 Jaslovske Bohunice NPP in 2006 and 2008, which is compared with the Program of safety improvement of these reactors are discussed. Author and Slovak Nuclear Society accept gladly the suggestion of government of the Slovak Republic that they reassess this liability. The best alternative for decommissioned Jaslovske Bohunice NPP will be the completion of the 3 rd and 4 th blocks of the Mochovce NPP

Investment Process in Romania and Institutional

Directory of Open Access Journals (Sweden)

Dan Marius VOICILAŞ

2011-12-01

Full Text Available The concepts set out and the macroeconomic policies implemented during the past twenty years have been different and controversial. They have aimed at creating an economic environment conducive to the infusion of foreign capital and development of sectors considered as a priority at that time, which can ensure a sound macro-economic stability, taking into account the fact that there is not enough domestic capital to participate in achieving these objectives. In this paper we will focus on foreign direct investment (FDI policies designed to promote them, their effects on national economy in general terms and features of investment in rural and agricultural sector, which we consider key elements of success in economic growth. Also, the institutional framework in which the investment process took place is thoroughly addressed given that most times the general investment climate of a certain market is influenced both by legislation and the institutions involved in economic life. The experience of transition and the experiences of other countries have shown how important are institutions created to coordinate, support and control of investment activity. We included in this analysis institutions and organizations in Romania with responsibilities in the investment field. Based on this analysis, and on the contributions of institutions to create the proper economic development, but also by investors' direct contribution to the creation of this framework by policy makers recommendations, it is obtained a profile of the business environment in Romania, including what is best but what is missing and it needs to be implemented. We consider that this approach is an important step in addressing the institutional investment process and it creates prerequisites of disseminating essential information and remedial implications to stakeholders.

Collective phenomena with energetic particles in fusion plasmas

International Nuclear Information System (INIS)

Breizman, B.N.; Berk, H.L.; Candy, J.

2001-01-01

Recent progress in the theory of collective modes driven by energetic particles, as well as interpretations of fast particle effects observed in fusion-related experiments, are described. New developments in linear theory include: (a) Alfven-mode frequency gap widening due to energetic trapped ions, (b) interpretation of JET results for plasma pressure effect on TAE modes, and (c) ''counter'' propagation of TAE modes due to trapped fast ion anisotropy. The new nonlinear results are: (a) theoretical explanation for the pitchfork splitting effect observed in TAE experiments on JET, (b) existence of coherent structures with strong frequency chirping due to kinetic instability, (c) self-consistent nonlinear theory for fishbone instabilities, and (d) intermittent quasilinear diffusion model for anomalous fast particle losses. (author)

Collective phenomena with energetic particles in fusion plasmas

International Nuclear Information System (INIS)

Breizman, B.N.; Berk, H.L.; Candy, J.

1999-01-01

Recent progress in the theory of collective modes driven by energetic particles, as well as interpretations of fast particle effects observed in fusion-related experiments, are described. New developments in linear theory include: (a) Alfven-mode frequency gap widening due to energetic trapped ions, (b) interpretation of JET results for plasma pressure effect on TAE modes, and (c) 'counter' propagation of TAE modes due to trapped fast ion anisotropy. The new nonlinear results are: (a) theoretical explanation for the pitchfork splitting effect observed in TAE experiments on JET, (b) existence of coherent structures with strong frequency chirping due to kinetic instability, (c) self-consistent nonlinear theory for fishbone instabilities, and (d) intermittent quasilinear diffusion model for anomalous fast particle losses. (author)

The effect of oil price volatility on strategic investment

International Nuclear Information System (INIS)

Henriques, Irene; Sadorsky, Perry

2011-01-01

In this paper, we investigate how oil price volatility affects the strategic investment decisions of a large panel of US firms. This paper uses key insights from the real options literature to develop a model of a company's strategic investment and shows how changes in oil price volatility can impact strategic investment decisions. The model is estimated using recently developed generalized method of moment estimation techniques for panel data sets. Empirical results are presented to show that there is a U shaped relationship between oil price volatility and firm investment. This is consistent with the predictions from the strategic growth options literature. The results should be useful to decision makers, investors, managers, policy makers and others who need to make strategic investment decisions in an uncertain world. (author)

The Division of Labor, Investment, and Capital

OpenAIRE

Xiaokai Yang

1999-01-01

This paper uses a dynamic general equilibrium model based on corner solutions to formalize the classical theory of investment and capital which considers investment to be a vehicle for developing a high level of division of labor in roundabout productive activities. If it takes time for a specialist producer of tractors to learn the right method in producing commercially viable tractors, specialization in producing tractors is infeasible in the absence of investment in terms of consumption go...

Investment in R&D and Corporate Governance

DEFF Research Database (Denmark)

Smith, Valdemar; Madsen, Erik Strøjer; Dilling-Hansen, Mogens

2001-01-01

The paper investigate the impact of ownership concentration on the likelihood that firms are involved in innovative activities or invest in research and development. We find that more dispersed ownership significantly increase the probability that a firm is engaged in innovation or invest in rese...

Trends in Business Investment

OpenAIRE

Lydon, Reamonn; Scally, John

2014-01-01

This article examines trends in business investment in Ireland. Consistent with the international evidence on investment cycles, we show that business investment in Ireland exhibits large cyclical movements around a long-run trend relative to GDP. Changes in business investment broadly coincide with the overall business cycle, although swings in investment tend to be far greater, with extended periods of both over- and under-investment relative to GDP. The sharp fall in business investment si...

Economic crisis: prelude to an energetic crisis?

International Nuclear Information System (INIS)

Chevallier, B.

2009-01-01

Recession due to the financial crisis of 2008 has stopped the world economic development and the hydrocarbons sector too. Collapse of prices, cancellation of investments, reach of a 'peak demand', the four speeches which are given here, describe these impacts and their consequences; but in scrutinizing the incentives of the crisis, they show the new role of petroleum: pretext value against the weakness of dollar and the inflation risks, speculative value for the investment funds. (O.M.)

Giga-Investments: Modelling the Valuation of Very Large Industrial Real Investments

OpenAIRE

Collan, Mikael

2004-01-01

In this doctoral dissertation characteristics of very large industrial real investments (VLIRI) are investigated and a special group of VLIRI is defined as giga-investments. The investment decision-making regarding to giga-investments is discussed from the points of view of discounted cash-flow based methods and real option valuation. Based on the bacground of establishing giga-investments, state-of-the-art in capital budgeting (including real options) and by applying fuzzy numbers a novel me...

BANKING ETHICS IN THE FOREIGN DIRECT INVESTMENTS FROM ROMANIA

Directory of Open Access Journals (Sweden)

MEDAR LUCIAN-ION

2011-09-01

Full Text Available Capital account liberalization created premises and allow Romania for final exit from the financial crisis. Promoting direct investment in Romania can lead to sustainable economic growth, create new jobs and thus, by selling labor set up new forms of saving, which will support investments. Banking ethics elements behind the development of direct investments in Romania are legislation, regulation and behavior of participants. Amid an emerging economy rocked by the global financial crisis, capital account liberalization has allowed entry direct investment, but allowed and the capital flight. Respect for ethics in the business financial banking groups provide, at least, economic development and upgrading the infrastructure of Romania

DIRECT INVESTMENT ON REGIONAL MARKETS

Directory of Open Access Journals (Sweden)

LIVIU NEAMŢU

2013-08-01

Full Text Available Foreign direct investment are that category of investments that allow participation in leadership andeffective control of the companies in which it invests. It's so new firms, as well as the establishment ofinternational operations of the company through expansion of existing operations. Typically, the companyincurred in a market that is confined to a distinct geographical area, but the limits of market changes. Thechange can be the result of higher management decisions on market opening and development of a newtechnology or product. Markets with a lower level of development are likely to attract a higher level of directinvestments than those in more developed countries. The specific reasons behind the decision of a company toinvest abroad are operating efficiency, reduce risk, market development and Government policy in the hostcountry. Transnational corporations are large conglomerates which consists of the parent company and itssubsidiaries/branches, both in the country of residence and abroad. Transnational corporations affect stronglyboth the production and the world of international economic relations. This influence is determined by themotivations of expansion that they promote. The expansion of transnational corporations has as satisfying"ambitions" of global expansion, and impulsionate getting supraprofiturilor. The strength of these structures isbased on maximizing profits.

Tax Neutrality on International Capital Investments

Directory of Open Access Journals (Sweden)

Gizem KAPUCU

2017-07-01

Full Text Available The tax policies which states follow with regard to developing technology and capital investments with raising mobility due to globalism are need to be discussed in its legal basis. The principle of tax neutrality has the aim of being legal foundation for these policies. According to this, the neutrality principle in taxation of international capital investments is provided with two measures, namely; not effecting the investment decision and not discriminate between investments. In this paper, initially focused on the conceptual framework and the foundations of the tax neutrality principle and later capital export neutrality and capital import neutrality are considered and explained with regard to international capital movements. Moreover, conformity and diversion to the principle of the current situation and regulations in OECD, EU and Turkey are examined.

Open-end Investment Funds in Croatia

Directory of Open Access Journals (Sweden)

Bojan Morić Milovanović

2006-03-01

Full Text Available This work discusses investment funds in Croatia, with a particular emphasis on openend investment funds. After a short review of the development of the funds, the perception of the funds is analysed, as are the trends in total assets and in average yields. The degree of concentration of open-end investment funds is shown with statistical measures of concentration (the Gini Coefficient, the Lorenz Curve and concentration ratios. All these indicators show that the concentration is moderate to strong. The greatest yields are given by the equity funds, but these are also the most risky.

Specialization in energetic area. Training of post graduate

International Nuclear Information System (INIS)

Sanchez, F. J.; Aguero, J. J.

2006-01-01

This article describes the experience in the collaboration between the University and Tecnatom in the development of Master-degree programmes in the area of energy. It analysis two post graduate courses already developed: the Master in Technologies of Electrical Power Generation and the Master in Energetic Efficiency both delivered in cooperation with the Escuelas Tecnicas Superiores de Ingenieros Industriales of Madrid and Barcelona Politecnica University respectively. (Author)

Comment: unethical ethics investment boycotts and abortion.

Science.gov (United States)

Furedi, A

1998-01-01

Ethical investment funds have traditionally boycotted the arms industry, companies known to pollute the environment, and those involved in animal research. However, recent newspaper reports suggest that some investment funds plan to also boycott hospitals and pharmaceutical companies involved in abortion-related activities. Ethical Financial, anti-abortion independent financial advisors, are encouraging a boycott of investment in private hospitals and manufacturers of equipment involved in abortions, and pharmaceutical firms which produce postcoital contraception or conduct embryo research. Ethical Financial claims that Family Assurance has agreed to invest along anti-abortion lines, Aberdeen Investment is already boycotting companies linked to abortion, and Hendersons ethical fund plans to follow suit. There is speculation that Standard Life, the largest mutual insurer in Europe, will also refuse to invest in abortion-related concerns when it launches its ethical fund in the spring. Managers of ethical funds should, however, understand that, contrary to the claims of the anti-choice lobby, there is extensive public support for legal abortion, emergency contraception, and embryo research. Individuals and institutions which contribute to the development of reproductive health care services are working to alleviate the distress of unwanted pregnancy and infertility, laudable humanitarian goals which should be encouraged. Those who try to restrict the development of abortion methods and services simply show contempt for women, treating them as people devoid of conscience who are incapable of making moral choices.

Rocket measurements of energetic particles in the midlatitude precipitation zone

Science.gov (United States)

Voss, H. D.; Smith, L. G.; Braswell, F. M.

1980-01-01

Measurements of energetic ion and electron properties as a function of altitude in the midlatitude zone of nighttime energetic particle precipitation are reported. The measurements of particle fluxes, energy spectra and pitch angle distributions were obtained by a Langmuir probe, six energetic particle spectrometers and an electrostatic analyzer on board a Nike Apache rocket launched near the center of the midlatitude zone during disturbed conditions. It is found that the incident flux was primarily absorbed rather than backscattered, and consists of mainly energetic hydrogen together with some helium and a small energetic electron component. Observed differential energy spectra of protons having an exponential energy spectrum, and pitch angle distributions at various altitudes indicate that the energetic particle flux decreases rapidly for pitch angles less than 70 deg. An energetic particle energy flux of 0.002 ergs/sq cm per sec is calculated which indicates the significance of energetic particles as a primary nighttime ionization source for altitudes between 120 and 200 km in the midlatitude precipitation zone.

Investments

CERN Document Server

Bodie, Zvi; Marcus, Alan J.

2017-01-01

The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

THEORETICAL QUESTIONS OF INVESTMENT RISK RESEARCH, ITS MAIN FEATURES AND CLASSIFICATION

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I. A. Kadyrbaev

2016-01-01

Full Text Available The article examines framework methodology of investment risk. The subject of the study are the basic theoretical positions directly related to the economic category of "investment risk". The purpose of this writing is the improvement of the methodology of the study of investment risk in the investment activity. This objective is to define the tasks, which consist in the formulation of the concept of "investment risk", the development of investment risk classification to provide investors with effective protection against such risks. The implementation  of the tasks will create conditions for the growth of investments in Russia. Currently, effective investment strategy for such an increase, is among the priority directions of development of the Russian economy.The article deals with logically interrelated study of basic economic categories, influencing directly on the investment risk. Author provided classification of investments in accordance with the level of risk. Examine the matter of the financial-economic category of the concept of "investment risk" and the classification of investment risks. Specified main features of the investment risk, which allowed to reveal specifics, which consists in the redistribution of capital in various types of assets in order to maximize profits or to obtain significant social effect.

Foreign investment, corporate ownership, and development: are firms in emerging markets catching up to the world standard?

Czech Academy of Sciences Publication Activity Database

Sabirianova, K. Z.; Švejnar, Jan; Terrell, K.

-, č. 1 (2005), s. 1-63 Institutional research plan: CEZ:AV0Z70850503 Keywords : foreign direct investment * corporate ownership * economic development Subject RIV: AH - Economics http://hdl.handle.net/2027.42/21610

ANALYSIS OF INVESTMENT ATTRACTIVENESS REDEVELOPMENT PROJECTS THE INDUSTRIAL AREAS IN KIEV

Directory of Open Access Journals (Sweden)

Yevsyukov T. O.

2017-08-01

Full Text Available At the present stage of development of land relations in major cities of our country important issue is the development of investment, attract and use foreign investment. According to the Law of Ukraine "On investment activity" under the investment necessary to understand "all types of property and intellectual values invested in business and other activities, which resulted in creating profit (income or social effect is achieved." For the economy of any city, including the city. Kyiv and development of urban land use, renovation of industrial areas deindustrialization of inefficient production centers, it is extremely important investment activity (foreign investment as one of the most effective mechanisms for the development and activities of national companies. The purpose of the article to analyze the investment attractiveness of the redevelopment projects of industrial areas to economic development of eco-industrial land use in Kiev, despite the downward trend in investment activity of domestic enterprises, the need for technical and technological modernization of production as well as the entire market infrastructure, redevelopment of industrial areas. Redevelopment areas – this is a comprehensive activity aimed at changing the existing construction work carried out with the help of large investments (investments in reconstruction; renovation of; overhaul; demolition; conversion; improving the environment, which results in a positive effect on economic, social and environmental aspects. Investment and construction projects related to redevelopment of industrial land use (objects in the management of the city, characterized by considerable risks given the high capital intensity, binding to a specific area, and the impact of other internal and external factors. That is why this investment activity should be ensured exceptional dynamic management to ensure the quality of implementation and the necessary level of profitability and