WorldWideScience

Sample records for economic development venture

  1. Economic analysis of venture capital funds rate of return on venture activity

    Directory of Open Access Journals (Sweden)

    Usatenko O.V.

    2017-08-01

    Full Text Available The research deals with the topic of the analysis of venture capital funds’ rate of return on venture activity. The discovered venture capital funds have such a peculiarity as the involved investors of various types and concentrated financial resources, which lead to advantages in investing. Based on the analyzed scientific approaches to the evaluation of income rate met by various economic entities the paper determines the optimal indicators of such an analysis developed due to the article research. They are supposed to improve significantly the process of making decisions on venture capital investments. The author suggests to evaluate venture capital funds rate of return on venture activity by means of the basic four indicators usually employed for investment efficiency definition: net profit, internal rate of return, return period and return index. The research presents the examination of rates of return on venture activity of venture capital funds being controlled by a single asset management company. Thus, one can estimate not only the rate of return on venture activity, but also the efficiency of control taken by an asset management company.

  2. U.S. tax policies distorting economics of exploration, development ventures

    International Nuclear Information System (INIS)

    Goodman, C.G.

    1991-01-01

    Since the Tax Reform Act of 1986, crude oil production in the United States has declined over 1.5 million b/d despite interim price increases of over 100%. Exploration and development in the U.S., measured by the drilling rig count, footage drilled, reserves replaced, and seismic crew activity, remain near record lows. Two major factors determine the level of U.S. crude oil production: the price of crude oil and the expected return on investments to find and produce new reserves. This article discusses the impact of the U.S. take (tax and fiscal) system generally, and the alternative minimum tax (AMT) system specifically on new investments to find and produce crude oil in the U.S. Over the last 20 years, important policy concerns have motivated U.S. tax reform. Yet its impact on the petroleum resource base of the country was never fully anticipated. The U.S. tax reform movement dramatically and adversely changed the time within which new oil and gas investments can be recovered. In the process, America's new capital recovery policies have produced both regressive and anticompetitive impacts. The charts presented in this article demonstrate these impacts as crude oil prices, revenues, or profitability decline and as the costs of production increase

  3. LNG ventures raise economic, technical, partnership issues

    International Nuclear Information System (INIS)

    Acord, H.K.

    1995-01-01

    The author feels that natural gas will remain a competitive energy alternative and the preferred fuel for many residential and industrial customers around the globe. The article attempts to explain where liquefied natural gas will fit into the global picture. The paper discusses the growth in the Asia-Pacific region; the complex interactions in a LNG project involving buyers, sellers, governments, financial institutions, and shipping companies; the cost of development of such projects; and the elements of a LNG venture

  4. Development trends of the venture capital financing institution: spaciotemporal profile

    Directory of Open Access Journals (Sweden)

    T. I. Volkova

    2010-09-01

    Full Text Available The article describes the results of the research of development and performance features of the venture capital financing institution in leading countries as well as in Russia and in its regions. A number of main trends in venture financing in accordance with the level of innovation process` development abroad and in our country are emphasized, first of all by stages of support of scientific and technological developments and projects. Positive trends and contradictions in development of venture capital financing institution in Russia and its regions are revealed. Main directions of activation of venture financing process are systematized in accordance with the requirements of the Concept of long-term social-economic development of the Russian Federation till 2020 and the Strategy of social-economic development of the Sverdlovsk region until 2020.

  5. ACTUAL TRENDS IN THE DEVELOPMENT OF VENTURE INVESTMENT IN RUSSIA

    Directory of Open Access Journals (Sweden)

    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

  6. International University Research Ventures: Implications for U.S. Economic Competitiveness National Security

    Science.gov (United States)

    2018-03-31

    NTERNATIONAL UNIVERSITY RESEARCH VENTURES: IMPLICATIONS FOR US ECONOMIC COMPETITIVENESS AND NATIONAL SECURITY The views, opinions and/or findings...UNIVERSITY RESEARCH VENTURES: IMPLICATIONS FOR US ECONOMIC COMPETITIVENESS AND NATIONAL SECURITY Report Term: 0-Other Email: mzak@gatech.edu...expected to inform political and economic theories about technology transfer, innovation, economic competitiveness, and democratization/civil

  7. The relationship between venture capital investment and macro economic variables via statistical computation method

    Science.gov (United States)

    Aygunes, Gunes

    2017-07-01

    The objective of this paper is to survey and determine the macroeconomic factors affecting the level of venture capital (VC) investments in a country. The literary depends on venture capitalists' quality and countries' venture capital investments. The aim of this paper is to give relationship between venture capital investment and macro economic variables via statistical computation method. We investigate the countries and macro economic variables. By using statistical computation method, we derive correlation between venture capital investments and macro economic variables. According to method of logistic regression model (logit regression or logit model), macro economic variables are correlated with each other in three group. Venture capitalists regard correlations as a indicator. Finally, we give correlation matrix of our results.

  8. Using Venture Capital to Improve Army Research and Development

    National Research Council Canada - National Science Library

    Held, Bruce

    2000-01-01

    ...) while keeping current equipment relevant and affordable. This issue paper introduces the idea that the Army should fund some of its technology development through a private venture capital organization...

  9. Development of New B2B Venture Corporate Brand Identity

    DEFF Research Database (Denmark)

    Törmälä, Minna; Gyrd-Jones, Richard I.

    2017-01-01

    of interviews and archival data generated during a three-year period to examine the development of corporate brand over time. This study shows that the development of corporate brand identity and the context of the development of new B2B venture are closely intertwined processes and provides a framework...

  10. Feasibility Study of the Department of the Navy Investing Research and Development Funds in Venture Capital Firms as a Means to Identify Technology

    Science.gov (United States)

    2005-12-01

    Kortum , and Josh Lerner , "Assessing the contribution of Venture Capital to Innovation," Rand Journal of Economics (2000), 28 Oct. 2005...Joshua Lerner , The Venture Capital Cycle, Cambridge Mass: MIT Press, 1999. 8 Venture Impact 2004, Arlington, VA: Global Insight, 2005, Venture Capital ...liability position.18 15 National Venture Capital Association Yearbook, New York: Thomson Venture Economics Information, 2005. 16 Samuel

  11. 15 CFR 295.23 - Dissolution of joint research and development ventures.

    Science.gov (United States)

    2010-01-01

    ... Development Ventures § 295.23 Dissolution of joint research and development ventures. Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Dissolution of joint research and...

  12. Developing competitive advantage through startups and venture capital in emerging markets: A view from Israel.

    Directory of Open Access Journals (Sweden)

    Alexander Maune

    2017-06-01

    Full Text Available This article presents an examination of the emergence and co-evolution of startups and venture capital that led to the transformation of Israel into a Start-Up and Innovation Nation since its inception in 1948. Throughout, the co-evolution of startups and venture capital was considered a critical linkage between venture capital emergence and startup intensive cluster. The article also examined the three phased evolutionary model of 1969 to 2000. A discursive approach of related relevant literature was used. The study found out that the co-evolution of startups and venture capital, policy targeting and a network of a number of other factors as will be discussed in the three phased evolutionary model were critical to the emergence and change of the Israeli high-technology industry into a high-technology startup intensive industry. Israel has become the second largest world market for venture capital with more than 240 venture capitals since 1992. Israel has also become the lead in research and development attracting more than 270 multinational companies with more than 250 establishing research centers and employing over 108 000 in the country. The study also found that Israel leads other nations in per capita startups, engineers, scientists and technicians. This article will be critical for policy formulation and implementation especially in Emerging Markets. This article may lead to a shift in strategy in many emerging countries. This article will also help expand the academic knowledge by filling the existing gaps within the body of knowledge. Therefore, the article has academic, economic and policy value.

  13. REGIONAL VENTURE FUND OF THE URAL FEDERAL DISTRICT: CREATION AND STRATEGY OF DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    N.A. Victorov

    2007-03-01

    Full Text Available The article describes both types of Russian venture funds and forms of the state participation in venture investment. Besides, the article mentions the scheme of regional venture fund creation in Ural district, principles of its participants` interaction and some management issues. Moreover, we can see here the fund's development which includes market, technological, integration and investment components.

  14. Political, Economic, Socio-Cultural, and Educational Challenges of Administering a Sino-US Joint Venture Campus in China

    Science.gov (United States)

    Ozturgut, Osman

    2008-01-01

    This qualitative study explored the political, economic, socio-cultural, and educational challenges of administering a Sino-U.S. joint-venture campus in the People's Republic of China. China American University (CAU) is an educational joint venture between China Investment Company (CIC) and American University (AU) in the U.S. that resulted in…

  15. Economic Development

    Science.gov (United States)

    Recruitment Events Community Commitment Giving Campaigns, Drives Economic Development Employee Funded : Environmental Documents, Reports LANL Home Calendar Search Contacts Community » Economic Development LANL 75th logo Economic Development Los Alamos National Laboratory is committed to investing and partnering in

  16. Management control in joint ventures: an analysis based on transaction cost economics and game theory

    NARCIS (Netherlands)

    J.A. Talman (Joke)

    2009-01-01

    textabstractThis paper addresses the question what determines management control in joint ventures. The model developed for this purpose draws on two existing frameworks. The first, by Dekker (2004), shows how control in strategic alliances can be structured around two control problems, coordination

  17. Universities Venture into Venture Capitalism.

    Science.gov (United States)

    Desruisseaux, Paul

    2000-01-01

    Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

  18. Venture Capital and Strategic Investment for Developing Government Mission Capabilities

    Science.gov (United States)

    2014-01-01

    Defense Venture Catalyst Initiative, Welcome to Defense Venture Catalyst Initiative, undated. 10 A. McBride, Pentagon Turns to Silicon Valley for Leads...negotiating valuation and other terms, such as profit participation, stock redemption rights, board membership, and voting rights. The manager will very...to be an agile, flexible commercial firm that could work on its own terms with firms in Silicon Valley and throughout the world.”4 Since inception

  19. DEVELOPMENT INSTITUTIONS «CULTIVATION» OF INNOVATIVE PROJECTS IN THE CONTEXT OF THE FORMATION OF VENTURE CAPITAL ECOSYSTEM

    Directory of Open Access Journals (Sweden)

    M. N. Dudin

    2016-01-01

    Full Text Available The current state of the Russian economy is characterized as unstable in the background influence of a combination of factors, including which are rooted in a fairly distant past. Delayed impact of these factors is expressed in the fact that the transition to innovation-oriented and environmentally responsible economic growth is difficult in many ways. But, despite this, the Russian economy is strong enough and gained significant development potential. Available reserves and potential accumulated national economies could be realized through the use of a new formation: the institutions 'growing'. This methodical approach, and this practice is well established itself abroad (USA, Japan and many countries of the European Union, it is proposed to use this experience in Russian conditions. The basis for the efficient functioning of the institutions «growing» forms the venture ecosystem. Venture Ecosystem – a specially built set of structural components that define the goals, objectives and directions of development of the system in accordance with its strategic purpose in the economy. In this article defined the concept of venture capital ecosystem, considered the objectives and components of the venture capital ecosystem, the characteristic of the state of the domestic venture capital ecosystem highlighted ways to improve it. Resulting in the conclusions and definitions may be used in the practice of building the institutional venture capital environment, focused on the full support of innovative activity of small and medium-sized businesses. In addition, the conclusions and recommendations contained in the article can be used in the development of normative legal acts, including those aimed at promoting high-tech sectors of the Russian economy.

  20. Development economics

    International Nuclear Information System (INIS)

    Roebuck, F.

    1992-01-01

    This paper discusses term development economics which refers to the economic evaluation of investment opportunities that occur after the discovery well is drilled and completed. with specific regard to the techniques used and the economic yardsticks available for investment decisions. Three potential situations are considered in this paper: the incorporation of development wells into the outcomes of the original exploration project, mutually exclusive or alternative investment opportunities, and the installation of improved or enhanced recovery projects during or at the end of the primary producing life of a property

  1. Nascent Entrepreneurship and the Developing Individual: Early Entrepreneurial Competence in Adolescence and Venture Creation Success during the Career

    Science.gov (United States)

    Obschonka, Martin; Silbereisen, Rainer K.; Schmitt-Rodermund, Eva; Stuetzer, Michael

    2011-01-01

    What predicts a person's venture creation success over the course of the career, such as making progress in the venture creation process and multiple successful venture creations? Applying a life span approach of human development, this study examined the effect of early entrepreneurial competence in adolescence, which was gathered retrospectively…

  2. Joint Ventures: A New Agenda for Education.

    Science.gov (United States)

    Griffin, Dean

    1989-01-01

    The author states that vocational education can join in partnerships with industry, labor, and government to contribute to economic development. Examples of current programs are included. The "joint venture" concept is explained and ideas for forming joint ventures are shared. (CH)

  3. Economic Development through Youth. A Program for Schools and Communities. Manual.

    Science.gov (United States)

    Nolen, Lori

    This manual is designed to help teachers, businesses, Chambers of Commerce, and students start their own economic development activities and youth ventures. It describes a two-step plan to economic development through youth: development of an in-school student chamber of commerce program and development of a youth-owned venture. The first part of…

  4. Why do entrepreneurial mHealth ventures in the developing world fail to scale?

    Science.gov (United States)

    Sundin, Phillip; Callan, Jonathan; Mehta, Khanjan

    Telemedicine is an increasingly common approach to improve healthcare access in developing countries with fledgling healthcare systems. Despite the strong financial, logistical and clinical support from non-governmental organisations (NGOs), government ministries and private actors alike, the majority of telemedicine projects do not survive beyond the initial pilot phase and achieve their full potential. Based on a review of 35 entrepreneurial telemedicine and mHealth ventures, and 17 reports that analyse their operations and challenges, this article provides a narrative review of recurring failure modes, i.e. factors that lead to failure of such venture pilots. Real-world examples of successful and failed ventures are examined for key take-away messages and practical strategies for creating commercial viable telemedicine operations. A better understanding of these failure modes can inform the design of sustainable and scalable telemedicine systems that effectively address the growing healthcare disparities in developing countries.

  5. Nascent entrepreneurship and the developing individual: Early entrepreneurial competence in adolescence and venture creation success during the career

    OpenAIRE

    Obschonka, Martin; Silbereisen, Rainer K.; Schmitt-Rodermund, Eva; Stuetzer, Michael

    2010-01-01

    What predicts a person's venture creation success over the course of the career, such as making progress in the venture creation process and multiple successful venture creations? Applying a life span approach of human development, this study examined the effect of early entrepreneurial competence in adolescence, which was gathered retrospectively by means of the Life History Calendar method. Human and social capitals during the founding process were investigated as mediators between adolesce...

  6. Campus/Industry Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1985-01-01

    Opportunities for joint economic ventures of colleges and industry are discussed, and a variety of ventures undertaken by Duke University are outlined, including a health club, hotel, and office building. Tax and financing considerations are noted. (MSE)

  7. 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....

  8. Mapping network development of international new ventures with the use of company e-mails

    NARCIS (Netherlands)

    Wakkee, I.A.M.

    2006-01-01

    International new ventures use e-mail frequently to communicate with globally dispersed contacts. In this paper we present and discuss a qualitative research method to map international network development based on company e-mails. Our approach also allows for combinations of inductive and deductive

  9. Supplier's involvement and success of radical new product development in new ventures

    NARCIS (Netherlands)

    Song, Michael; Di Benedetto, Anthony

    2008-01-01

    Supplier involvement is essential to a new venture seeking to develop a radical innovation. Despite this, prior literature has not adequately addressed supplier involvement in radical innovation, nor what the antecedents to increased supplier involvement are. We build and test a conceptual model of

  10. The Internationalization of Venture Capital: Challenges and Opportunities

    OpenAIRE

    Thomas Gstraunthaler; Galina Sagieva

    2011-01-01

    This paper attempts to summarize and systematize the landscape of the global venture capital industry. It presents major basic business models and investment strategies, assesses the contribution of venture capital (VC) to economic growth, and the incentives and constraints for VC’s development, and it identifies research gaps in this area. Venture capital is often regarded as the only source of support for start-ups, particularly for those in high-tech innovative sectors. The authors explore...

  11. GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

    Directory of Open Access Journals (Sweden)

    Fazekas Balazs

    2014-07-01

    Full Text Available JEREMIE (Joint European Resources for Micro to Medium Enterprises program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture capital funds were founded in four rounds and 130 billion HUF capital was allocated into these funds with the contribution of Hungarian government. A well-established venture capital market can boost entrepreneurship and innovation, therefore economic growth which is the foundation of government involvement. On the other hand, there is an extensive literature highlighting the limits and possible drawbacks of the active role of public sector in the venture capital market. There is a consensus in the literature that in the long run the extensive role of government in venture capital industry is counterproductive. Substituting market participants by government agencies will hardly result in a competitive and efficient market. However, temporarily as a catalyst public sector can contribute to the development of venture capital market. Direct government intervention supportable temporarily only in the infancy of the industry. The primary objective of every program must be to develop the market to the level where it becomes self-sustaining. This way the success of these programs must not be measured only by the amount of invested capital, financial performance of venture capital funds and venture capital backed companies. Raising private sector awareness and the progress of necessary institutions are also the criteria of a successful program. During the design and implementation of venture capital agendas these aspects must be taken into consideration. This

  12. Joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret......Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret...

  13. CEERI-CAT joint venture for development of accelerator magnetrons

    International Nuclear Information System (INIS)

    Prasad, Sharda; Kaushik, S.C.; Mahesh Kumar; Chaudhary, P.; Shrivastava, Purushottam; Wanmode, Y.; Hannurkar, P.R.

    2003-01-01

    LINAC and Microtron systems for electron acceleration up to few tens of MeV, requires pulsed RF sources such as magnetron and klystron in S-Band frequency range with peak power in the range of few MW. The major emphasis under this program was to develop critical technologies involved in the development of 2 MW magnetron. This paper discusses the development of 2 MW magnetron along with critical technologies involved and test facilities developed by CAT for testing of this magnetron

  14. Strategies for International Development in Knowledge Intensive New Ventures

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann; McKelvey, Maureen; Slepniov, Dmitrij

    2011-01-01

    internationalise for different reasons and in different manners than what has normally been portrayed in IB literature. We argue that such findings hold significant consequences for understanding future Asia-Euro collaboration, where traditional roles of European development vs. Asian manufacturing are challenged....

  15. Organisational Learning in International Joint Ventures: Implications for Management Development.

    Science.gov (United States)

    Berrell, Mike; Gloet, Marianne; Wright, Phil

    2002-01-01

    Malaysian and Australian managers enrolled in a training program exhibited differences attributed to national culture in their approaches to learning, influences on management behavior, and ways of knowing. National culture had greater influence on management development and organizational learning than did organizational or systems cultures.…

  16. Optimal allocation of energy storage in a co-optimized electricity market: Benefits assessment and deriving indicators for economic storage ventures

    International Nuclear Information System (INIS)

    Krishnan, Venkat; Das, Trishna

    2015-01-01

    This paper presents a framework for optimally allocating storage technologies in a power system. This decision support tool helps in quantitatively answering the questions on “where to and how much to install” considering the profits from arbitrage opportunities in a co-optimized electricity market. The developed framework is illustrated on a modified IEEE (Institute of Electrical and Electronics Engineers) 24 bus RTS (Reliability Test System), and the framework finds the optimal allocation solution and the revenues storage earns at each of these locations. Bulk energy storage, CAES (compressed air energy storage) is used as the representative storage technology, and the benefits of optimally allocated storage integration onto the grid are compared with transmission expansion solution. The paper also discusses about system-level indicators to identify candidate locations for economical storage ventures, which are derived based on the optimal storage allocation solution; and applies the market price based storage venture indicators on MISO (Mid-continental Independent System Operator) and PJM (Pennsylvania-New Jersey-Maryland Interconnection) electricity markets. - Highlights: • Storage optimal allocation framework based on high-fidelity storage dispatch model. • Storage with transmission addresses energy and ancillary issues under high renewables. • Bulk storage earns higher revenues from co-optimization (∼10× energy only market). • Grid offers distributed opportunities for investing in a strategic mix of storage. • Storage opportunities depend on cross-arbitrage, as seen from MISO (Mid-continental Independent System Operator) and PJM (Pennsylvania-New Jersey-Maryland Interconnection) markets

  17. A strategic framework to utilise venture capital funding to develop manufacturing SMES in South Africa

    Directory of Open Access Journals (Sweden)

    Snyman, Hendrik Andries

    2014-08-01

    Full Text Available SMEs contribute considerably to the national GDP and to private sector employment, but they struggle to gain access to the funding needed to support business sustainability and growth. Venture capital provides the necessary funding, but SMEs lack understanding of the business value curve utilised by financiers to gauge the risk-reward characteristics of an investment. Strategies need to convey how the business model will evolve in order to deliver on the strategic intent. A framework is proposed through which SMEs can develop a strategy aligned with investor requirements. As a case study, the framework is applied to the local tooling sector.

  18. Regional Economic Development

    Science.gov (United States)

    ; Sponsored Work Regional Economic Development Technology Opportunities User Facilities About Us Metrics In the News Publications Policies Feynman Center » Deploying Innovation » Regional Economic Development Regional Economic Development Supporting companies in every stage of development through access to

  19. How Korean Venture Capitals Invest In New Technology Ventures

    Directory of Open Access Journals (Sweden)

    Youngkeun Choi

    2013-01-01

    Full Text Available In the entrepreneurship field, this study examines what kinds of external endorsements are helpful for venture capitals investment and the growth of new technology ventures in developing countries. This study uses the signalling theory and the methodologies of multiple regression and survival analysis with the panel data of the ventures in Korea. In the results, collaboration with business groups and certification of government are positively influential in attracting venture capitals’ investment, which accelerate the growth of new technology ventures. The practical implication for entrepreneurs is that they need to obtain the endorsement from business groups and governments strategically.

  20. Development Strategies in Papua Economic Democracy

    Directory of Open Access Journals (Sweden)

    Muhamad Ismail

    2015-09-01

    Full Text Available Based economic development aims to increase community participation in various development activities, especially in the economic field. Populist both economic development by exploiting the potential of Micro Small Medium Enterprises has not made a significant impact to the welfare of society. The purpose of the study to see how far the populist economic development in Papua, and formulate a strategy based economic development in the province of Papua. Using SWOT the analysis, using primary and secondary data. The results showed populist economic development in Papua province could not be implemented to the fullest because it is affected by several drawbacks and other technical constraints such as shortage of working capital, equipment is still modest, the quality and quantity of the product is low, the difficulty of access to markets and weak entrepreneurial spirit, especially for community / indigenous people of Papua economic actors. Based economic development can be done by utilizing the role of micro and medium-sized businesses and cooperatives / KUD because people could easily be involved in both the economic container. Based economic development can be done by: Increasing the quality and quantity of local products to compete with regional and international markets, giving stimulant fund for venture capital for the economic actors of the people by utilizing funds OTSUS, and the state budget, Improved HR agriculture through private sector support (partners’ business and capital of banking institutions. To overcome the weaknesses in the development of community economy, it can be done through: Boosting qualities SDM economic actors people through non-formal education / training, education and ongoing training for facilitators, provision of venture capital and agricultural equipment by utilizing appropriate technology (TTG, increasing the role of Micro, Small and Medium Enterprises and co-operatives to all districts / cities, utilization of

  1. Joint venturing in the fuel, energy and environmental arena: Opportunities for utility subsidiaries and developers

    International Nuclear Information System (INIS)

    Rowley, D.A.

    1992-01-01

    We have witnessed major changes in the 1980s in the US fuel, energy and environmental areas. From the structure of heavily-regulated local and regional monopolies that predated World War 2, Federal and State governments have begun moving toward a more market-oriented approach to fuel supply, fuel transport and power generation with the goal of increasing competition to effect lower prices for consumers. Although some utilities have resisted this trend - arguing, for example, that third-party power purchasing threatens system reliability - others have joined the market by diversifying into the non-regulated side of the industry. Similarly, beginning with creation of the Superfund, continuing with last year's amendments to the Clean Air Act, and on into the future with anticipated changes for water, solid waste, and other areas, Congress and the EPA have created a regulatory structure that cries out for more capital yet makes such investment more risky. This paper examines joint venture strategies in the context of developing new business in the energy and environmental areas. This paper focuses on the interaction of three aspects of such efforts: (1) the issues of primary importance to the entity engaging in such efforts, (2) the impact of various strategies on the resolution of the issues, and (3) the use of joint ventures to maximize benefits and minimize risks

  2. The physician/hospital joint venture. Developing a win/win strategy for success. Part I: The first step: developing the environment.

    Science.gov (United States)

    Shorr, A B

    1987-02-01

    This four part series, "The Physician/Hospital Joint Venture: Developing a Win/Win Strategy," will examine the philosophical basis of marketing to physicians, the options for the organization in formulating a strategy for joint venture development, structuring and negotiating the deal, and finally how to build the physician loyalty and commitment essential for the joint venture's continued success. In this first article, the author emphasizes the organization's need to develop a strategic plan that includes a program for attracting physicians. It also points out the need for sensitivity to physicians' concerns and provides examples of successes and failures.

  3. Venture Capital

    National Research Council Canada - National Science Library

    Lister, M. J; Andreassen, A; Bales, Shanda; Biddle, J. G; Chang, M. M; McCormick, R; Packard, W. J; Sun, T

    2006-01-01

    Leveraging venture capital to the advantage of the Naval Services should be viewed as part of the larger project of reforming the acquisition system to permit rapid introduction of new technologies...

  4. CDBG Economic Development Activity

    Data.gov (United States)

    Department of Housing and Urban Development — CDBG activity related to economic development, including commercial or industrial rehab, commercial or industrial land acquisition, commercial or industrial...

  5. Economic Creativity Development

    Directory of Open Access Journals (Sweden)

    Nasseroddin Kazemi Haghighi

    2014-06-01

    Full Text Available As a new concept in the literature, the authors discuss the conception of “Economic Creativ-ity” (EC. The authors explain psychological characteristics of “Economic Creativity”: atti-tudes, motivation, personality traits, and abili-ties. They propose a design based on Emotion of Thought Theory (Kazemi, 2007 for Economic Creativity Development (ECD. This theory is an affective-cognitive approach that tries to ex-plain creativity. Emotion of Thought involves “Poyaei” and “Bitabi” (in Persian meaning Dy-namism and Restlessness. According to this theory, ECD relates to connections between emotion and thought. The ECD includes pro-moting individual readiness, utilization of eco-nomic resources, attitude towards economic af-fairs development, enhancing the utilization of economic experiences, conducting economic ac-tivity education, development of economic thinking and development of emotion of thought.

  6. Decision making for business model development : A process study of effectuation and causation in new technology-based ventures

    NARCIS (Netherlands)

    Reymen, Isabelle; Berends, Hans; Oudehand, Rob; Stultiëns, Rutger

    2017-01-01

    This study investigates the decision-making logics used by new ventures to develop their business models. In particular, they focussed on the logics of effectuation and causation and how their dynamics shape the development of business models over time. They found that the effectual decision-making

  7. The Pros and Cons of Using Joint Ventures as a Tool to Mitigate Political Risks in Developing Countries

    Directory of Open Access Journals (Sweden)

    Violeta Iftinchi

    2018-03-01

    Full Text Available As part of their political risk management strategy, multinational corporations (MNCs can use joint ventures as a tool to reduce their exposure to political risks in international activities. The aim of this article is to present the main benefits for MNCs in using joint ventures with a local partner to mitigate political risks in developing countries and to put forward three risks that MNCs have to consider when choosing the local partner (the risk of opportunistic expropriation, the risk associated with transferring of intellectual property rights and reputational risk.

  8. University Research and Development Activities: The Federal Income Tax Consequences of Research Contracts, Research Subsidiaries and Joint Ventures.

    Science.gov (United States)

    Kertz, Consuelo Lauda; Hasson, James K., Jr.

    1986-01-01

    Features of the federal income tax law applying to income received from commercially funded university-based scientific research and development activities are discussed, including: industry-sponsored research contracts, separately incorporated entities, partnerships and joint ventures, subsidiaries and unrelated income consequences of…

  9. A new approach for economic evaluation of in-situ mining ventures

    International Nuclear Information System (INIS)

    Jacobson, R.H.; Gray, Z.A.

    1985-01-01

    This paper presents a method for evaluating the economic feasibility of solution mining a hypothetical uranium roll-front deposit. It is assumed the wellfield will be operated in a prudent manner and that leaching tests were performed in depth in both lab and field (push-pull) prior to startup. Leach test results are reduced to two important parameters and used as the basis for solution mining a wellfield. This case study assumes a 10 million-lb uranium deposit with 40 possible small wellfields; four are kept in operation simultaneously until the deposit is depleted. The wellfields have different ore reserves and grades, lixiviant circulation rates, leach rates, and peak concentrations, and thus the daily uranium production will vary. Daily production is used to assess the profitability of a particular lixiviant and the mode of wellfield operation in light of realistic market price estimates. The mathematical procedure is simple and straightforward, based on reasonable in-situ leaching relationships as well as accepted accounting practices

  10. Foundation-industry relationships--a new business model joint-venture philanthropy in therapy development.

    Science.gov (United States)

    Bartek, Ronald J

    2014-01-01

    The business model for medical therapy development has changed drastically. Large companies that once conducted their own Research and Development (R&D) and funded all the preclinical studies, all phases of clinical development and marketing of the products are increasingly turning to others for more and more of the earlier work in hopes of being able to in-license a de-risked program well downstream, take it through the final phases of clinical development and into the marketplace. This new paradigm has required patient-advocacy foundations, especially in the rare-disease space, to become far more effective in building relationships with all the players along the therapy-development pathway -- academic scientists, government agencies, other foundations with overlapping interests, biotechs, small biopharmaceutical entities and even the larger industry companies. From the perspective of the patient-advocacy community, these increasingly essential public-private partnerships have taken on the nature of what could be called joint-venture philanthropy and involve a broad spectrum of collaborations and financial relationships between foundations and industry partners that are not without concerns about potential conflicts of interest.

  11. Corporate Venturing

    DEFF Research Database (Denmark)

    Vintergaard, Christian

    path of an entrepreneurial opportunity of the Danish corporate venture capitalist,Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurialopportunities by creating a holistic and conceptual framework, which broadens and expands theperception of the market participants...

  12. Joint ventures between industry and government

    International Nuclear Information System (INIS)

    Vant, T.R.

    1991-01-01

    Joint venture projects undertaken between government and industry in western Canada are reviewed. The first significant involvement of the Alberta government was with the Syncrude oil sands project. In 1974, one of the original participants, Atlantic Richfield, pulled out of Syncrude for financial reasons. After a government review and search for replacement participation, three provincial governments took equity positions in the project. The Syncrude project has since had a very significant impact on Alberta and Canada in terms of oil production, employment, investment, and profits. The Other Six Leases Operation (OSLO), the OSLO New Ventures Project, and the Lloydminster Bi-Provincial Upgrader would also not have advanced to their present stages of development without government participation. Since oil sand/heavy oil development requires significant capital investment over long lead times, and since there are few private companies that can undertake such a commitment, government assistance is often required. It also makes sense for governments to share upfront risk in such projects for both the long-term economic gain and such immediate benefits as job creation and energy supply security. An industry/government joint venture provides a means of getting large, inherently economic projects such as oil sands developments under way while protecting taxpayers' interests. The success of such a joint venture depends not only on the financing brought to the project but also on the expertise, decision making capability, and balanced management of regulatory and policy issues

  13. Finance and Economic Development

    OpenAIRE

    Panizza, Ugo

    2012-01-01

    Published by Palgrave Macmillan This chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth....

  14. Joint ventures: to pursue or not to pursue?

    Science.gov (United States)

    Blaszyk, Michael D; Hill-Mischel, Jody

    2007-11-01

    Hospitals should carefully select joint venture partners. The joint venture evaluation process should involve a high-level screen of strategic opportunities. Hospitals should develop a full business plan for the joint venture.

  15. Prerequisites for successful joint ventures with industry : an Inuvialuit Development Corporation case study

    Energy Technology Data Exchange (ETDEWEB)

    Lennie, D. [Inuvialuit Development Corp., NT (Canada)

    2003-07-01

    Year 2002 marks the twenty-fifth anniversary of the Inuvialuit Development Corporation (IDC), a management holding company owned by the Inuvialuit Regional Corporation which represents the interests of Inuvialuit under the Inuvialuit Final Agreement, and the Inuvialuit Land Claim Settlement. The Inuvialuit are the Inuit of Canada's western Arctic. In 2000, the Inuvialuit Land Corporation offered certain petroleum and natural gas rights to interested parties through a bidding process. The package provided a royalty regime and a requirement for exploration activities in relation to the land. The Inuvialuit Petroleum Corporation currently holds one third interest in the Ikhil Project, a joint venture with Enbridge and AltaGas which operate a natural gas production facility, a pipeline, and distribution system serving Inuvik. In addition, IDC and Akita Drilling together own four Arctic drilling rigs. IDC is at an advantage coming from the land claim and having expertise operating in the north. Over the past 25 years, it has seen both successes and failures and has learned from each experience to achieve consistent profitability year after year.

  16. Rethinking Development Economics

    OpenAIRE

    Joseph E. Stiglitz

    2011-01-01

    "Twelve years ago, when I was chief economist of the World Bank, I suggested that the major challenge to development economics was learning the lessons of the previous several decades: a small group of countries, mostly in Asia, but a few in other regions, had had phenomenal success, beyond anything that had been anticipated by economists; while many other countries had experienced slow growth, or even worse, stagnation and decline—inconsistent with the standard models in economics which pred...

  17. Developing Entrepreneurial and Technology Commercialization Policies to Promote Cooperative Ventures Between NIH and Industry

    Science.gov (United States)

    Rossomando, Edward F.

    2001-03-01

    The NIH has had a great influence in guiding the biological research agenda for the last half of the 20th century. This may change if the increases in research funding from the private sector that occurred in the last ten years continue into the 21st century. Ten years ago, industry supplied 55% of the US R&D funds. In 2000, industry support of R&D had increased to 76%, with industry carrying out 70% of the nations applied and 91% of its development research. Given this shift, one of the biggest challenges that NIH may face in coming years is sharing control of America's research agenda with industry. For this to occur policies that encourage cooperative ventures with industry are needed. In a unique experiment, I was invited to the National Institute of Dental and Craniofacial Research (NIDCR), one of the 25 NIH Institutes and Centers, to develop programs and policies that would promote interactions with industry. This talk will introduce the strategy and programs developed to commercialize products and technologies from basic science discoveries and introducing an entrepreneurial atmosphere within the Institute. The results of this experiment will be discussed by comparing differences between discovery-driven and customer-driven innovation. One outcome of this experience is a greater appreciation of the obstacles to introducing disruptive technologies into the market place and of the paradigms that serve as barriers to commercialization. One recommendation is that the NIDCR consider a policy that allows for some participation by industry in setting the research and training agenda of the Institute, and that a mechanism for industry input be introduced into its administrative organization.

  18. THE IMPORTANCE OF VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    IRINA ANGHEL-ENESCU

    2013-05-01

    Full Text Available Created in the United States of America, Venture Capital is an asset class which attracted recently the attention of the policy makers all over the world. But the concept is still not clearly defined and understood. This paper attempts at introducing in the concept, its characteristics, and reviewing some of the benefits Venture Capital investments can bring at both the macroeconomic level, by looking at the correlation with the economic growth, and at the microeconomic level, for the portfolio companies.

  19. Sustaining Petroleum Exploration and Development in Mature Basins: Production Sharing Contracts and Financing of Joint Venture Oil and Gas Projects

    International Nuclear Information System (INIS)

    Chukwueke, T.

    2002-01-01

    Oil companies make a business by bearing the risks of investing in, and making profits from, oil and gas operations. International Oil Companies (IOC) are the recognised leaders in technology and develop expertise in the management of technical such as subsurface and surface uncertainties through seismic surveys, well drilling and production facilities. In export oriented oil and gas developments, IOCs also carry the commercial risks associated with the export market (ups and downs in the demand for oil and gas) that could make the project non-profitable, if not properly managed.Conversely, Local Oil Companies (LOCs), i.e. indigenous private or state owned companies, are more adapt at developing expertise in the management of the local environmental, domestic market and political risks associated with the area or country of operations. It is recognised that in certain countries some LOCs are also making significant progress in the acquisition of modern technology. Any critical business risks which cannot be adequately managed by either the IOC or the LOC will require the involvement of third party, who will normally provide guarantee or securitisation in one form or another.A partnership between local and international oil companies has become accepted to be the most secure and profitable arrangement in international oil and gas business. In the Niger Delta, which is mature oil and gas province and as such non-market related risks, particularly technical and supply risks, are substantially reduced, Joint Venture type of arrangement is considered the most suitable form of partnership. Joint Venture arrangement allows each partner to fund the venture in direct proportion to its participation interest. Because of the reduced risks profile, the joint venture is more bankable; each partner can therefore secure funding for its share with its revenue profile. In Nigeria, however, where the revenue profile (and consequently development budget) of the dominant local player

  20. 22 CFR 228.34 - Joint ventures.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Joint ventures. 228.34 Section 228.34 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES ON SOURCE, ORIGIN AND NATIONALITY FOR COMMODITIES AND... Financing § 228.34 Joint ventures. A joint venture or unincorporated association is eligible only if each of...

  1. Finance and Economic Development

    Directory of Open Access Journals (Sweden)

    Ugo Panizza

    2012-03-01

    Full Text Available Published by Palgrave MacmillanThis chapter reviews the literature on finance and economic development. It starts with a description of the roles of finance, a definition of financial efficiency, and a discussion of whether countries may have financial sectors that are ‘too large’ compared to the size of the domestic economy. Next, the author describes several indicators of financial development and reviews the literature on the relationship between financial development and economic growth. In the literature review, he discusses in detail some recent evidence indicating that the marginal contribution of financial development to gross domestic product (GDP growth becomes negative when credit to the private sector reaches 110 per cent of GDP. The chapter concludes with some policy conclusions targeted to developing countries.

  2. Essays in development economics

    NARCIS (Netherlands)

    Bos, Marijke

    2017-01-01

    This dissertation consists of three chapters in the field of Development Economics. The first chapter examines the saving and investment decisions of self-employed farming households in Indonesia. Using an instrumental variables strategy, with local rainfall as an instrument for farm profit, no

  3. Corruption and Economic Development

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Skender Ahmeti

    2012-06-01

    Full Text Available There is no sustainable economic development without a functioning rule of law. Besides sustainable economic policies like low interest rates, low inflation, low budget deficit, reasonable taxes and economic freedom for business development, the necessary ones for country’s economic growth are functioning of state institutions, support and development of reforms as well as successful fight against corruption. Corruption is a phenomena often encountered and spread in countries that have problems with rule of law as well as with judiciary system. Corruption manifestation is inevitable in circumstances when state institutions are weak. The phenomena is especially problematic in countries that go through transition periods since these countries are often characterized as nonefficient in fighting this phenomena1 . Countries in transition continue to have the image of countries with high level of corruption, which causes serious crisis from local opinion and continuous demand from international community due to the unsuccessful fight against this malevolence. World Bank considers corruption as the biggest obstacle in the fight for poverty eradication, since it undermines the rule of law, weakens state institutions and most of all it affects the poor. Politically, it undermines democracy and good governance, economic equal growth and development, as well as people’s trust in state institutions. Lately, several anti-corruption laws have been adopted in Kosovo, but they have not been implemented in practice and were not sufficient in fight against corruption. Kosovo’s long lasting dream of integrating in European Union, necessarily demands to built and functionalize anti-corruptive measures with priority, as a fundamental precondition for EU pre-accession process

  4. Uruguay; Recent Economic Developments

    OpenAIRE

    International Monetary Fund

    1996-01-01

    This paper describes economic developments in Uruguay during the 1990s. Real GDP expanded on average by more than 4 percent a year in 1990–94 and fell by 2½ percent in 1995. The rapid growth of output during 1990–94 reflected buoyant external demand from Uruguay’s main trading partners (Argentina and Brazil), as well as progress in strengthening the public finances, reducing wage indexation, opening the economy, and curtailing government intervention. Consumer price inflation fell steadily fr...

  5. Economic Development via Dam Building: The Role of the State Government in the Sarawak Corridor of Renewable Energy and the Impact on Environment and Local Communities Ventures>

    OpenAIRE

    Andrew Aeria

    2016-01-01

    Since 1970, as a consequence of Malaysia’s New Economic Policy (NEP) and its integration into the global economy, the development achievements and per capita GDP growth of the resource-rich state of Sarawak have been impressive—although not without problems. Since timber and petroleum resources are exhaustible, and there is a concern with finding new sources of growth and revenue, the federal and state governments advocated industrial diversification in 2008 via the development of a mul...

  6. Fiscal 2000 achievement report on the analysis of factors contributing to the development of venture firms in the U.S. and Europe in the domain of energy technology, and survey of the actualities of venture firms in the Asian region (China) and the feasibility of their coordination with Japan; 2000 nendo energy gijutsu bun'ya ni okeru venture kigyo no hatten yoin bunseki oyobi Asia chiiki (Chugoku) ni okeru venture kigyo no jittai to Nippon tono renkei no kanosei ni kansuru chosa

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    In search of measures to take for raising, developing and integrating venture firms, studies are made about the process and factors of growth after the corporatization of venture firms in the U.S. and Europe, and then about the mechanism of industrial integration in newly-arising high technology- and novel industry-intensive areas and the actualities of strategic clustering. In China, studies are made about feasibility of coordination with Japan. Activities are conducted in the four domains of (1) the analysis of development and growth factors after launching a venture firm in the U.S., (2) analysis of factors contributing to the development of industrial integration in newly-arising high-technology areas, (3) actualities of assistance to ventures in Europe, and (4) the survey of venture trends in China. In domain (4), venture firm creating, raising, and assisting conditions are studied. Also studied are the actual state of venture firm creating, raising, and assisting, and some cases of venture firm creation and raising. (NEDO)

  7. Success factors in new ventures : A meta-analysis

    NARCIS (Netherlands)

    Song, Michael; Podoynitsyna, Ksenia; van der Bijl, H.M.; Halman, Johannes I.M.

    2008-01-01

    Technology entrepreneurship is key to economic development. New technology ventures (NTVs) can have positive effects on employment and could rejuvenate industries with disruptive technologies. However, NTVs have a limited survival rate. In our most recent empirical study of 11,259 NTVs established

  8. Success factors in new ventures : a meta-analysis

    NARCIS (Netherlands)

    Song, Michael; Podoynitsyna, K.S.; Bij, van der J.D.; Halman, J.I.M.

    2008-01-01

    Technology entrepreneurship is key to economic development. New technology ventures (NTVs) can have positive effects on employment and could rejuvenate industries with disruptive technologies. However, NTVs have a limited survival rate. In our most recent empirical study of 11,259 NTVs established

  9. Case : Google ventures

    NARCIS (Netherlands)

    Friesike, Sascha; Gassman, Oliver; Schweitzer, Fiona

    2013-01-01

    Google Ventures - the venture capital department of Google - couples the idea of a corporate incubator with the methods of a classical venture capital firm. A corporate incubator strives to create innovation, whereas a venture capital firm's idea is to create money. As such, corporate incubators

  10. Current status and trends, organizational methods accounting and analysis of innovative enterprises’ venture financing

    Directory of Open Access Journals (Sweden)

    S.V. Rudeychuk

    2016-09-01

    Full Text Available The article examines the specific features and tendencies of development of venture financing in Ukraine. It shows the role of venture capital in the further development of Ukraine economy, this role is in financing and development of innovation, distribution of new technologies and increase of employment of highly professional staff in the territory of Ukraine. The authors determine the influence of characteristics of such financing on the formation of organization and methods of accounting and economic analysis of operations with venture capital investments. The paper grounds the necessity of accounting development and analytical support of innovative enterprises’ venture financing management; the state is caused by the need to attract additional funding from venture investors to finance the production and release of innovative products and businesses. The authors determine the directions of solving problems in accounting organization and methods and economic analysis of innovative enterprises’ venture financing, respectively, for the needs of all entities doing business venture and taking into account the peculiarities of this type of investment capital.

  11. The Organisation for Economic Co-Operation and Development's International Early Learning Study: What Happened Next

    Science.gov (United States)

    Moss, Peter; Urban, Mathias

    2017-01-01

    In this article, the authors provide an update on what has happened over recent months with the Organisation for Economic Co-operation and Development's proposal for an International Early Learning Study, and review responses to the proposed International Early Learning Study, including the concerns that have been raised about this new venture in…

  12. Environmentally sustainable economic development

    International Nuclear Information System (INIS)

    Jones, M.G.; Woodruffe, J.D.

    1991-01-01

    Shell Canada adopted Sustainable Development in 1990 as the approach to managing the environment. The corporation's president, representing the energy industry on the National Round Table on the Environment and the Economy, provided key direction on the development of the process. This paper reports on national concepts of Sustainable Development principles that were utilized as a starting point, but quickly a Shell specific policy was approved, followed by Corporate Principles and Targets and Undertakings. These are being further developed in both the upstream and downstream with leadership from Resources (E and P) Department. Cascading of Targets and Undertakings has occurred to E and P followed by operating complexes, the drilling sites and the seismic lines. Steps were carefully programmed to learn from specific application before expanding to all areas. All plans are expected to be in place by mid 1992. Place contain short and long term target but focus on a rolling 2 year identification of actions to meet those targets. The plans permit an annual appraisal of accomplishments as well as budgeting for successive years. The move to Sustainable Development planning is a significant shift in industry attitude and approach but demonstrates the ability for the coexistence of environmental and economic demands

  13. MeProRisk - a Joint Venture for Minimizing Risk in Geothermal Reservoir Development

    Science.gov (United States)

    Clauser, C.; Marquart, G.

    2009-12-01

    Exploration and development of geothermal reservoirs for the generation of electric energy involves high engineering and economic risks due to the need for 3-D geophysical surface surveys and deep boreholes. The MeProRisk project provides a strategy guideline for reducing these risks by combining cross-disciplinary information from different specialists: Scientists from three German universities and two private companies contribute with new methods in seismic modeling and interpretation, numerical reservoir simulation, estimation of petrophysical parameters, and 3-D visualization. The approach chosen in MeProRisk consists in considering prospecting and developing of geothermal reservoirs as an iterative process. A first conceptual model for fluid flow and heat transport simulation can be developed based on limited available initial information on geology and rock properties. In the next step, additional data is incorporated which is based on (a) new seismic interpretation methods designed for delineating fracture systems, (b) statistical studies on large numbers of rock samples for estimating reliable rock parameters, (c) in situ estimates of the hydraulic conductivity tensor. This results in a continuous refinement of the reservoir model where inverse modelling of fluid flow and heat transport allows infering the uncertainty and resolution of the model at each iteration step. This finally yields a calibrated reservoir model which may be used to direct further exploration by optimizing additional borehole locations, estimate the uncertainty of key operational and economic parameters, and optimize the long-term operation of a geothermal resrvoir.

  14. Capabilities, economic development, sustainability

    Czech Academy of Sciences Publication Activity Database

    Fagerberg, J.; Srholec, Martin

    2017-01-01

    Roč. 41, č. 3 (2017), s. 905-926 ISSN 0309-166X R&D Projects: GA ČR GAP402/10/2310 Institutional support: RVO:67985998 Keywords : national innovation systems * growth * technology Subject RIV: AH - Economics OBOR OECD: Applied Economics, Econometrics Impact factor: 1.338, year: 2016

  15. Capabilities, economic development, sustainability

    Czech Academy of Sciences Publication Activity Database

    Fagerberg, J.; Srholec, Martin

    2017-01-01

    Roč. 41, č. 3 (2017), s. 905-926 ISSN 0309-166X Institutional support: Progres-Q24 Keywords : national innovation systems * growth * technology Subject RIV: AH - Economics OBOR OECD: Applied Economics, Econometrics Impact factor: 1.338, year: 2016

  16. Evolution of the uranium joint venture

    International Nuclear Information System (INIS)

    Bloomenthal, H.S.

    1976-01-01

    This paper concentrates on the economic realities of the joint venture in order to anticipate the basic problems that will be encountered so as to permit legislating by contrast how the problems are to be handled as between the parties

  17. Human Development and Economic Growth

    OpenAIRE

    Ranis, Gustav

    2004-01-01

    Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, described as an imperfect proxy for more general welfare, or as a means toward enhanced human development. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development (HD) and economic growth (EG). To the extent that greater freedom and capabilities improve economic performan...

  18. Water: The conveyor belt for sustainable livelihoods and economic development

    Science.gov (United States)

    Mapani, Benjamin; Meck, Maideyi; Makurira, Hodson; Magole, Lapologang; Mashauri, Damas; mazvimavi, Dominic; Mul, Marloes

    2016-04-01

    The theme for the 2014 symposium focused on the contribution of integrated water resources management (IWRM) to socio-economic development. A number of papers presented various methods that could be used to enable society to access clean water; sanitation and provision of water for rainfed and irrigation based agriculture and aquaculture. Water is the engine of development, that drives both money generating ventures as well as activities which cannot be assigned exact monetary value, but are essential for the social and economic well being of communities. It is now accepted that in order to produce most products, the contribution of water has to be factored in; from manufacturing to mining. The role that water plays in the has a much higher economic value than most people realize.

  19. The Role Of Business Incubators In The Economic Development Of Saudi Arabia

    OpenAIRE

    Mohamed Imam Salem

    2014-01-01

    Business incubators are perceived to be a mainstay of economic development programs. They create value by combining the entrepreneurial drive of a startup with resources generally available to new ventures. Among the primary objectives of business incubators are creating employment opportunities in the local economy and commercializing technologies. Saudi government has put high-growth, innovative businesses at the heart of its economic agenda. The aim of this paper is to enhance understa...

  20. Economic Development of Nigeria

    African Journals Online (AJOL)

    User

    variables of population, health centres, employment and capital water projects were ... reorganization and reorientation of entire economic and social systems. In addition, to ... inequality and eradication of poverty (Todaro and Smith 2006).

  1. GROWTH AND VENTURE CAPITAL INVESTMENT IN TECHNOLOGY-BASED SMALL FIRMS THE CASE OF HUNGARY

    Directory of Open Access Journals (Sweden)

    Becsky Nagy Patricia

    2014-07-01

    Full Text Available Venture capital backed enterprises represent a low proportion of companies, even of innovative ones. The research question was, whether these companies have an important role in innovation and economic growth in Hungary compared to other countries. In the first part of the article I present the theoretical background of technology-based small firms, highlighting the most important models and theories of the economic impact and the special development of innovative technology-oriented small firms. In the second part of the article I present the status of the most important indicators of innovation in connection with entrepreneurship, than I elaborate on the measures of start-ups, mainly the high-tech ones with high-growth potential. I describe the current position of venture capital industry, detailing the venture capital investments, with particular emphasis on classical venture capital investments that points out the number and the amount of venture capital investments financing early stage firms with high-growth potential. At the end I summarize the status of Hungarian technology-based small firms and their possibilities to get financial sources form venture capital investors, with regards to the status and the prospects of the JEREMIE program. In Hungary the number of internationally competitive firms, ready and willing to obtain venture capital, is much lower than in the US or Western European countries. Hungary could take advantage of its competitive edges in some special fields of innovation. The efficiency of information flow would reduce the information gap between the demand and the supply side of the venture capital market and more Hungarian firms could be internationally successful through venture capital financing. The recent years’ policy and special programs like JEREMIE generated more transactions, that helped to inform the entrepreneurs about venture capital and helped to co-invest public resources with private equity more

  2. Financing of Competing Projects with Venture Capital

    OpenAIRE

    Goldfain, Ekaterina; Kovac, Eugen

    2005-01-01

    We analyze innovation race in a moral hazard setting. We develop a model in which two competing entrepreneurs work independently on the same project. The entrepreneurs do not possess any wealth of their own and their research is financed by a venture capitalist. The project, if successful, generates a prize, which is to be shared between the winning entrepreneur and the venture capitalist. The venture capitalist cannot observe the allocation of funds he provides, which creates a moral hazard ...

  3. The relationship between motives of entrepreneurial behavior and venture maturity

    Directory of Open Access Journals (Sweden)

    Bobera Dušan

    2017-01-01

    Full Text Available Countries at a different level of development exhibit a variety of entrepreneurial initiatives and activities in terms of motives of entrepreneurial behavior, but also the scope and structure of entrepreneurial ventures. The aim of this paper is to explore the relationship between the degree of economic development and the motives of entrepreneurial behavior. In order to perform a more detailed overview of the research subject, the research area expands on the scope and structure of entrepreneurial activity, with the aim of identifying the impact of the motives of entrepreneurial behavior on the entrepreneurial process observed in its phases. Characteristics of selected variables and the size of the research sample conditioned the usage of the Spearman's correlation coefficient and the Chi-square test. The results indicate a positive correlation between the level of economic development and opportunity motive of entrepreneurial ventures. This motive is also found to be a generator of maturity of entrepreneurial ventures. More specifically, the higher percentage of participation of the entrepreneurial ventures with opportunity motive is associated with a higher percentage of enterprise in more mature stages, which is especially reflected in the group of highly developed countries.

  4. Two stages of economic development

    OpenAIRE

    Gong, Gang

    2016-01-01

    This study suggests that the development process of a less-developed country can be divided into two stages, which demonstrate significantly different properties in areas such as structural endowments, production modes, income distribution, and the forces that drive economic growth. The two stages of economic development have been indicated in the growth theory of macroeconomics and in the various "turning point" theories in development economics, including Lewis's dual economy theory, Kuznet...

  5. International joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    The article analysis problems connected with corporate joint ventures. Among others the possible conflicts between the joint venture agreement and the statutes of the companies is examined, as well as certain problems connected to the fact that the joint venture partners have created commen control...... over their joint company....

  6. Venture capital and internationalization

    NARCIS (Netherlands)

    Schertler, A.G.; Tykvova, T.

    Cross-border investments represent a substantial share of venture capital activities. We use a comprehensive dataset on investments worldwide to analyze the internationalization of venture capital financing. We postulate that cross-border activity is shaped by macroeconomic factors in the venture

  7. Managing Corporate Venturing: Multi-level Studies on Project Autonomy, Integration, Knowledge Relatedness, and Phases in the New Business Development Process

    NARCIS (Netherlands)

    J.H. Burgers (Henri)

    2008-01-01

    textabstractDeveloping new businesses is a critical factor for strategically renewing firms in today’s dynamic environments. Although autonomy has frequently been addressed as a major factor in successfully managing corporate ventures, several critical contingencies remain unexplored. The results of

  8. Culture and Economic Development

    NARCIS (Netherlands)

    Jong, E. de; Wright, J.D.

    2015-01-01

    Both historical studies and econometric analyses find that high levels of economic growth are associated with values such as achievement motivation, future orientation, and eagerness to learn. Opinions differ with respect to the direction of the causal relation, if any, and the role of formal

  9. Venture funding for science-based African health innovation

    Directory of Open Access Journals (Sweden)

    Daar Abdallah S

    2010-12-01

    returns. Such funds should be structured to overcome the challenges identified, be sustainable in the long run, attract for-profit private sector funds, and have measurable and significant health impact. If this is done, the proposed venture approach may have complementary benefits to existing initiatives and encourage local scientific and economic development while tapping new sources of funding.

  10. Venture funding for science-based African health innovation.

    Science.gov (United States)

    Masum, Hassan; Chakma, Justin; Simiyu, Ken; Ronoh, Wesley; Daar, Abdallah S; Singer, Peter A

    2010-12-13

    challenges identified, be sustainable in the long run, attract for-profit private sector funds, and have measurable and significant health impact. If this is done, the proposed venture approach may have complementary benefits to existing initiatives and encourage local scientific and economic development while tapping new sources of funding.

  11. Regional Development Fueled by Entrepreneurial Ventures Providing KIBS – Case Study on Romania

    Directory of Open Access Journals (Sweden)

    Vasile Alecsandru Strat

    2016-02-01

    Full Text Available The main goal of the current research paper is to analyze the evolution of the knowledge intensive business services sector from Romania, for the period 2008-2014, from a territorial point of view and to assess its impact in the general economic development. Using a time series of Gini coefficients and other quantitative instruments, the paper provides clear evidences that, during the 2008-2014 period, the domain has increased its concentration, Bucharest and the 10 most attractive counties being responsible for over 88% from the field’s activity at national level, in 2014. Another important fact is that Bucharest which is responsible for almost 66% of the field’s activity, in 2008, is diminishing constantly its importance during the analyzed period. Using panel regression, the presented research brings clear evidence that the main characteristics of the field (KIBS sector: number of companies, total turnover and number of employees can be used, as independent variables, in econometric models designed to estimate the size of the economy of the Romanian counties.

  12. Regional and economic development

    International Nuclear Information System (INIS)

    Fortin, P.

    2004-01-01

    A leading economics expert was asked to list the economic advantages and disadvantages associated with electricity exports. This paper presents his expert opinion and presents a regional and economic analysis of the hydroelectric reserves that Hydro-Quebec should maintain in order to ensure long-term reliability of energy supplies while maintaining its potential for profitable exports. Electricity exports from Hydro-Quebec are extremely profitable for the province. From 1999 to 2003, net cumulative exports of 63 TWh brought in 4.2 billion dollars to the province of Quebec. This income was redistributed to Quebecers in the form of low energy prices. From 1994 to 2003, the average annual electricity export from Hydro-Quebec was 18 TWh which represents 11 per cent of all electricity delivered by the producer. Most of this export was sold to short-term markets. This ensures that electricity remains available to Quebec should the need arise. Long term sales agreement have never dominated the utility, and today account for only 1.5 per cent of electricity production. In order to ensure a secure electricity supply, Hydro-Quebec has kept a safety margin of 10 TWh through its large hydro-reservoirs. However, the year 2003 proved to be a difficult year for the producer due to low precipitation. The safety margin was completely consumed and the utility had to import electricity. A theoretical analysis of the market suggests that Hydro-Quebec's safety margin should be increased from 10 to 20 TWh to better meet energy demands during years of low precipitation. 1 tab., 2 figs

  13. PRN 2011-1: Residential Exposure Joint Venture

    Science.gov (United States)

    This PR Notice is to advise registrants of an industry-wide joint venture, titled the Residential Exposure Joint Venture (REJV), which has developed a national survey regarding residential consumer use/usage data for pesticides.

  14. Population, poverty and economic development.

    Science.gov (United States)

    Sinding, Steven W

    2009-10-27

    Economists, demographers and other social scientists have long debated the relationship between demographic change and economic outcomes. In recent years, general agreement has emerged to the effect that improving economic conditions for individuals generally lead to lower birth rates. But, there is much less agreement about the proposition that lower birth rates contribute to economic development and help individuals and families to escape from poverty. The paper examines recent evidence on this aspect of the debate, concludes that the burden of evidence now increasingly supports a positive conclusion, examines recent trends in demographic change and economic development and argues that the countries representing the last development frontier, those of Sub-Saharan Africa, would be well advised to incorporate policies and programmes to reduce high fertility in their economic development strategies.

  15. Venture Capital Financing, Moral Hazard and Learning

    NARCIS (Netherlands)

    Bergemann, D.; Hege, U.

    1997-01-01

    We consider the provision of venture capital in a dynamic agency model. The value of the venture project is initially uncertain and more information arrives by developing the project. The allocation of the funds and the learning process are subject to moral hazard. The optimal contract is a

  16. Population, poverty and economic development

    OpenAIRE

    Sinding, Steven W.

    2009-01-01

    Economists, demographers and other social scientists have long debated the relationship between demographic change and economic outcomes. In recent years, general agreement has emerged to the effect that improving economic conditions for individuals generally lead to lower birth rates. But, there is much less agreement about the proposition that lower birth rates contribute to economic development and help individuals and families to escape from poverty. The paper examines recent evidence on ...

  17. Taxes and Venture Capital Support

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In this paper we set up a model of start-up finance under double moral hazard.Entrepreneurs lack own resources and business experience to develop their ideas.Venture capitalists can provide start-up finance and commercial support. The effortput forth by either agent contributes to the firm......-set may paradoxically contribute to higher quality of venturecapital finance and welfare. Subsidies to physical investment in VC-backed startupsare detrimental in our framework.Keywords: Venture capital, capital gains taxation, double moral hazard.JEL-Classification: D82, G24, H24, H25...

  18. Non-economic determinants of economic development: methodology and influence

    OpenAIRE

    Barashov, N.

    2011-01-01

    The paper deals with research methodology of non-economic determinants of economic development. The author considers various theoretical approaches to definition of economic growth factors. Considerable attention is given to studying possible influence of non-economic determinants on quality of economic development.

  19. The start-up processes of academic spin-offs and non-academic ventures

    OpenAIRE

    Roininen, Sari

    2006-01-01

    New and small firms are important for the national economic growth, and hence there is a growing interest among policy makers and researchers in understanding the start-up processes among new ventures in order to facilitate more new venture creations. Prior research addressing new ventures' start-up processes focus mainly on the individual behind the venture or different activities in the start-up process. The overall purpose of this study is to increase the understanding of new venture s...

  20. Essays on development economics

    NARCIS (Netherlands)

    Zenthöfer, A.F.

    2013-01-01

    The studies in this thesis investigate some of the effects of humanitarian aid and the production of natural resources in developing countries. The studies suggest that these “free lunches” can have negative (unintended) consequences. Even though it achieves its goal of increasing food consumption

  1. What Happens To International New Ventures beyond Start-up

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Juho, Anita

    2014-01-01

    ventures: strategic experimentation, tensions in organizational gestalt, and legitimacy lies. We conjecture that international new ventures do not reach a made-it point if they only manage to develop substantive capabilities to produce desired outputs at various levels within the venture, but fail...

  2. Overview of physician-hospital ventures.

    Science.gov (United States)

    Cohn, Kenneth H; Allyn, Thomas R; Rosenfield, Robert H; Schwartz, Richard

    2005-01-01

    An ongoing environment of reimbursement lagging behind escalating expenses has led physicians to explore new sources of revenue. The goal of physician-hospital ventures is to create a valuable entity that benefits patients, physicians, and the hospital. Physicians may choose to invest in healthcare facilities to improve patient care and obtain increased control over daily operations. If so, they should seek counsel to avoid violating Stark laws and anti-kickback laws. Modalities for investing in physician-hospital ventures are joint equity (stock) ventures, participating bond transactions (PBTs), and contractual integration, a new method to align the goals of specialists and hospital management without using joint equity ventures. Physicians and management should invest time in developing a shared vision of the future before beginning contract negotiations. Successful partnering requires transparency and stepwise building of trust. The greatest gain in joint ventures arises when both sides become active owners, rather than passive investors.

  3. Economic interpretation of sustainable development

    International Nuclear Information System (INIS)

    Birk Mortensen, J.

    1994-01-01

    The economic discussion of sustainable development show that it is possible to define the concept sufficiently precise to introduce it in economic models and to get some policy results. The concept of sustainable development does have meaning and practical implications for economic policy. The relation between sustainability as non-decreasing welfare over time and a non-declining stock of total capital including natural capital is very useful for implementing the concept for actual planning. Even rudimentary empirical measures and test of sustainability can be developed and applied and used in planning and evaluation of performance based on this idea. Weak or strong versions of the concept have been suggested and an interesting and clarifying debate within economics is going on. The debate also demonstrates that when the concept is defined more precisely - differences in opinions, standpoints and policy prescriptions show up. (EG)

  4. Forming a multinational joint venture

    International Nuclear Information System (INIS)

    Bhatia, N.K.; Garb, R.H.; Statton, T.D.

    1990-01-01

    This paper discusses the basis and mechanics for forming a multinational joint venture. The topics of the paper include the motivations for a joint venture, selection of the appropriate co-venturer, management of the multinational joint venture, and the joint venture agreement. The authors state that a joint venture is not applicable or desirable in all instances and to be successful, must be carefully planned

  5. Three essays on economic development

    OpenAIRE

    Méndez Errico, Paula Luciana

    2014-01-01

    The main objective of this dissertation is to study some of the mechanisms suggested by the economic literature as factors that could prevent individuals from attaining certain domains of well-being. This thesis is divided in three independent essays providing new evidence on three issues within the field of economic development: the effect of social networks on immigrants' labor market outcomes (first essay), the long-lasting impact of income inequality on entrepreneurial success and job cre...

  6. Essays in behavioural development economics

    OpenAIRE

    Neelim, Ananta Zakaria

    2017-01-01

    My thesis comprises of three papers in behavioural development economics. In all three of my papers I use economic theories and artefactual field experiments to understand individuals’ preferences for trust, altruism and honesty when they interact with others in their societies. The first paper analyses the effect of multiple identities on interpersonal trust. We conduct a field experiment in West Bengal, India and Bangladesh, two regions significantly different in religious composition, b...

  7. Venture Leaders Prize for innovative technology projects

    CERN Multimedia

    2006-01-01

    In co-operation with the GEBERT RÜF FOUNDATION and the Ernest & Young Entrepreneur of the Year Award, venturelab will be presenting the Venture Leaders Prize. The Venture Leaders Prize, which is the new guise of the NETS (New Entrepreneurs in Technology and Science) Prize, will give twenty research entrepreneurs with projects to develop innovative technologies the opportunity to win the chance of participating in a programme to assist them in starting up their companies. The winners will go to spend 10 days in the Boston area (United States) where they will take part in a development programme for their project, which will include an entrepreneurship course, opportunities to meet start-up companies and financing experts, etc. This prize has already spawned many companies such as id Quantique, Selexis or ABMI which have contributed to the economic development of regions, particularly in French-speaking Switzerland. The competition is open to students and scientists from all fields, who would like to s...

  8. Gulf Canada's Russian joint venture

    International Nuclear Information System (INIS)

    Motyka, D.

    1992-01-01

    After three years of evaluating prospects and negotiating with government and industry representatives, Gulf Canada established its first joint venture in the Russian Federation with Komineft, a production association from the Komi autonomous republic. Komineft has a 50% share of the venture, and the rest is shared equally between Gulf and British Gas. The operating area is at the Vozey and Upper Vozey fields in the Timan-Pechora Basin, some 1,500 km northeast of Moscow just inside the Arctic Circle. An attractive feature of the Upper Vozey project is low development costs of ca $2/bbl. In the Vozey field, the venture will set up an enhanced oil recovery demonstration project to test techniques perfected in Alberta. About 60 Canadians are involved on the project, and headquarters are in Usinsk, ca 100 km south of the oil fields. In the first half of 1992, oil production in the first phase of the venture averaged around 10,000 bbl/d and continues to increase

  9. The Impact of SimVenture on the Development of Entrepreneurial Skills in Management Students

    Science.gov (United States)

    Williams, Dina

    2015-01-01

    The purpose of this study was to bridge a gap in our understanding of the role business simulation games can play in the development of entrepreneurial capabilities in undergraduate students. While entrepreneurship education has come a long way from being a branch of business and management studies, to its current status as a core discipline in…

  10. Economic development and natural disasters

    NARCIS (Netherlands)

    Klomp, Jeroen

    2016-01-01

    In this study we examine the impact of large-scale natural disasters on economic development. A major obstacle in exploring this relationship is the poor data quality on GDP per capita in low-income countries, while at the same time more than 90% of all disasters that happen worldwide occur in

  11. International New Venture Legitimation

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2013-01-01

    the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK......There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during......, and had internationalized and struggled for survival during the dotcom era. Grounded in data, this study corroborates a number of legitimation strategies yielded by prior research and refutes others. It further contributes to our understanding of international new venture legitimation by suggesting new...

  12. How venture capital works.

    Science.gov (United States)

    Zider, B

    1998-01-01

    The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. economy. Today's venture capitalists are more like conservative bankers than the risk takers of days past. They have carved out a specialized niche in the capital markets, filling a void that other institutions cannot serve. They are the linch-pins in an efficient system for meeting the needs of institutional investors looking for high returns, of entrepreneurs seeking funding, and of investment bankers looking for companies to sell. Venture capitalists must earn a consistently superior return on investments in inherently risky businesses. The myth is that they do so by investing in good ideas and good plans. In reality, they invest in good industries--that is, industries that are more competitively forgiving than the market as a whole. And they structure their deals in a way that minimizes their risk and maximizes their returns. Although many entrepreneurs expect venture capitalists to provide them with sage guidance as well as capital, that expectation is unrealistic. Given a typical portfolio of ten companies and a 2,000-hour work year, a venture capital partner spends on average less than two hours per week on any given company. In addition to analyzing the current venture-capital system, the author offers practical advice to entrepreneurs thinking about venture funding.

  13. Duke University: Licensing and Real Estate Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1984-01-01

    Joint ventures undertaken by Duke University with industry are reported that illustrate the imaginative arrangements and economic and otherwise advantageous structures possible in co-ventures. They include patent and trademark licensing, travel agency commissions, a racquetball and health club, a hotel, and an office building. (MSE)

  14. Efficiency of economic development models

    Directory of Open Access Journals (Sweden)

    Oana Camelia Iacob

    2013-03-01

    Full Text Available The world economy is becoming increasingly integrated. Integrating emerging economies of Asia, such as China and India increase competition on the world stage, putting pressure on the "actors" already existing. These developments have raised questions about the effectiveness of European development model, which focuses on a high level of equity, insurance and social protection. According to analysts, the world today faces three models of economic development with significant weight in the world: the European, American and Asian. This study will focus on analyzing European development model, and a brief comparison with the United States. In addition, this study aims to highlight the relationship between efficiency and social equity that occurs in each submodel in part of the European model, given that social and economic performance in the EU are not homogeneous. To achieve this, it is necessary to analyze different indicators related to social equity and efficiency respectively, to observe the performance of each submodel individually. The article analyzes data to determine submodel performance according to social equity and economic efficiency.

  15. Introduction: Long term economic development

    DEFF Research Database (Denmark)

    Pyka, Andreas; Andersen, Esben Sloth

    2012-01-01

    The general theme of the 13th International Joseph A. Schumpeter Society Conference, held during June 21st–24th, 2010 at Aalborg University in Denmark, was the exploration of the interrelated phenomena of innovation, organization, sustainability and crises. By addressing these phenomena an attemp...... was made to confront some of the underexplored parts the Schumpeterian legacy, but there was also room for new results concerning more well-developed parts of evolutionary economics....

  16. Population growth and economic development.

    Science.gov (United States)

    Corbridge, S

    1989-01-01

    The Malthusian and neo-Malthusian approaches to the role of population growth in economic development and resource depletion are briefly outlined. Three arguments are then presented that emphasize demographic determinism, empirical evidence, and cause and effect. The author concludes that non-coercive family planning programs may have a role to play in countries that are unable to reduce inequalities, particularly for the poor and for women.

  17. The Theun-Hinboun public-private partnership: a critique of the Asian Development Bank's model hydropower venture in Lao PDR

    International Nuclear Information System (INIS)

    Ryder, G.

    1999-10-01

    Financing of the Theun-Hinboun hydroelectric project in Laos, developed by Statkraft, the Norwegian state utility and Vattenfall, its Swedish counterpart, is critiqued. The two utilities put up $ 22 million for Nordic Hydropower's stake in the project and the Norwegian agency for development cooperation provided $ 8 million more for feasibility study, design and environmental mitigation plans. The project was supervised by Nordic Hydropower, a company which also has the contract for operation and management. Electrical and mechanical equipment was supplied by Norwegian and Swedish companies with financing from Nordic export credit agencies and the multilateral Nordic Investment Bank. Proponents of the project consider it as a great success, a 'first' in terms of foreign investment, legal framework, financing, cross-border electricity sale (to Thailand) and logistics. This report suggests that the biggest success of the project's proponents has been their ability to cajole private investors into an otherwise 'unbankable' venture in Laos, which would never have been backed by commercial lenders, who quite apart from country-specific risks, regard hydrodams as high-risk, low return investments, with a reputation for cost overruns and delays due to environmental problems and public opposition, had it not been for the zeal of the Asian Development Bank for public-private partnership. It is charged that as a result of this zeal, willingly assisted by the Nordic export credit agencies, the Government of Laos, and the Electricity Generating Authority of Thailand (EGAT), each for its private reasons, taxpayers responsible for these institutions have been forced to shoulder risks that the private sector prudently refused to take. As part-owners of the project, Lao citizens owe the Asian Development Bank $ 60 million, taxpayers in Nordic countries are responsible for $ 70 million and Thai taxpayers (owners of 20 per cent of the project) will also have to pay irrespective of

  18. SUSTAINABLE DEVELOPMENT THROUGH ECO-ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Vergina CHIRITESCU

    2013-12-01

    Full Text Available The issue of the relationship between humankind and the environment became scientific and economic concerns of the international community since the first UN Conference on the Human Environment (Stockholm, 1972 and resulted in the work of the World Commission on Environment and Development, established in 1985. Report of the Commission presented in 1987 by GH Brundtland, entitled "Our Common Future" provided the first universally accepted definition of sustainable development as "development that meets the needs of the present generation without compromising the opportunities of future generations to meet their own needs". Brundtland Report, 1987, was reaffirmed by the United Nations Conference on Environment and Development / Earth Summit held in Rio de Janeiro - Brazil, 1992 which established the principles of Agenda 21, which was intended to be a guide implementation of sustainable development for the 21st century, a development that was required to be applied at national, regional and local level. [1] In the context of developing new eco-economic system adopted a number of international conventions that establish detailed obligations of the States and strict implementation deadlines climate change, biodiversity conservation, protection of forests and wetlands, limiting the use of certain chemicals, access information on the state of the environment and other international legal space outlining the practical application of the principles of sustainable economic development in ecological conditions.

  19. Corporate relocation in venture capital finance

    NARCIS (Netherlands)

    Cumming, D.; Flemming, G.; Schwienbacher, A.

    2009-01-01

    This paper introduces an analysis of international relocation decisions of venture capital (VC)-backed companies. Relocations to the United States are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the

  20. Recent Developments in Ecological Economics

    DEFF Research Database (Denmark)

    Reader with published articles within the field of ecological economics, mostly from 1997 - 2007......Reader with published articles within the field of ecological economics, mostly from 1997 - 2007...

  1. Structural Change and Economic Development in China and India

    Directory of Open Access Journals (Sweden)

    Vittorio Valli

    2009-06-01

    Full Text Available The comparison of the periods of rapid economic growth in China since 1978 and India since 1992 markedly show different patterns of development and structural change. However, both countries experienced some advantages of "relative economic backwardness" and some aspects of the "fordist model of growth". China had an anticipated and deeper structural change, spurred mainly by economic reforms and the growth of the internal market in the 1980s, and, since the mid-1990s, by a very rapid penetration of its industrial products in the world market. However, a substantial part of China's exports in medium and high tech sectors are due to joint-ventures with foreign multinationals. India had a more balanced structural change and a slower insertion in the world market, although some sectors, such as software, steel, automotive and pharmaceuticals are recently increasing their share in the world markets. Owing to the huge number of micro-enterprises and the great size of the informal sector, India benefited much less than China from the economies of scale and from the third wave of the "fordist model of growth". Both countries, but in particular China, experienced negative externalities of this recent phase of rapid growth, such as higher inequalities, pollution and urban congestion.

  2. Venture Capital Investments for Life Sciences Start-ups in Switzerland.

    Science.gov (United States)

    Gantenbein, Pascal; Herold, Nils

    2014-12-01

    Despite its economic and technological importance, the Swiss life sciences sector faces severe challenges in attracting enough venture capital for its own development. Although biotechnology and medical technology have been the most important areas of venture financing from 1999 through 2012 according to our own data, average investment volumes nevertheless remain on a low level of only 0.05 percent of Swiss GDP. After 2008, there was a pronounced shift away from early-stage financing. While business angels still play an important role at the early stage, venture capitalists are the most important investor type by volumes having their main focus on expansion financing. The industry faces predominant challenges in securing capital availability for entrepreneurs, in transforming the highly skewed and back-loaded payoff profile of investments into a more stable return stream, and in defining appropriate business and collaboration models.

  3. Economic development and family size.

    Science.gov (United States)

    Rios, R J

    1991-01-01

    The demographic transition in Latin America has resulted in increased family size rather than the Western European model of reduced family size. In 1905, both fertility and mortality were high in Latin America, but mortality declined more rapidly in Latin America than in Europe. In 1905, the crude birth rate for 15 selected countries averaged 44/1000 population. Western fertility at a comparable transition point was much lower at 30/1000. Between 1905 and 1960, fertility declines were evident in Uruguay, Argentina, Cuba, and Chile. Between 1960 and 1985, fertility declines appeared in Costa Rica, Panama, Brazil, and Colombia. Fertility declines were smaller in the other Latin American countries. Crude birth rates declined markedly by 1985 but may overestimate fertility decline, which is more accurately measured by standardized birth rates. Fertility decline was evident in Argentina, Chile, and Costa Rica for standardized birth rates, survivorship ratio, and births surviving past the age of 15 years. Theoretically, families are expected to reduce family size when survivorship is assured; when mortality is 25%, only four children need be planned instead of six when mortality is 50%. A result of falling mortality is a cheaper cost of producing children, which may stimulate parents to raise bigger families. Western fertility decline has been attributed to mortality decline, urbanization, increased female labor force participation, rising wages, and more efficient contraception. Comparable economic development in Latin America has not resulted in large enough changes to encourage family size limitation. A table of fertility and economic indicators for selected countries in Latin America and Europe reflects the inverse relationship between income growth, urban growth, and growth in female educational status and fertility. The regression equation explains 60% of the variation in fertility rates among Latin American countries. Explanatory power increases to 75% when female

  4. Does Venture Capital Spur Innovation?

    OpenAIRE

    Samuel Kortum; Josh Lerner

    1998-01-01

    While policymakers often assume venture capital has a profound impact on innovation, that premise has not been evaluated systematically. We address this omission by examining the influence of venture capital on patented inventions in the United States across twenty industries over three decades. We address concerns about causality in several ways, including exploiting a 1979 policy shift that spurred venture capital fundraising. We find that the amount of venture capital activity in an indust...

  5. The meaning of venture capital for financing small scale entrepreneurship

    OpenAIRE

    Robnik, Lidija

    2015-01-01

    Due to the appearance of new knowledge and managerial approaches, entrepreneurship has developed substantially and the career of the entrepreneur has become more attractive. Venture capital has become an important source for financing the growth of small enterprises. Venture capital funds are a form of financing intended for prospective dynamic companies that cannot obtain financing from banks. Venture capital takes the form of proprietary capital since it enters the company as a co-owner for...

  6. The Determinants of Venture Capital Portfolio Size: Empirical Evidence

    OpenAIRE

    Douglas J. Cumming

    2006-01-01

    This paper explores factors that affect portfolio size among a sample of venture capital financing data from 214 Canadian funds. Four categories of factors affect portfolio size: (1) the venture capital funds' characteristics, including the type of fund, fund duration, fund-raising, and the number of venture capital fund managers; (2) the entrepreneurial firms' characteristics, including stage of development, technology, and geographic location; (3) the nature of the financing transactions, i...

  7. Exploring Best Practice Skills to Predict Uncertainties in Venture Capital Investment Decision-Making

    Science.gov (United States)

    Blum, David Arthur

    Algae biodiesel is the sole sustainable and abundant transportation fuel source that can replace petrol diesel use; however, high competition and economic uncertainties exist, influencing independent venture capital decision making. Technology, market, management, and government action uncertainties influence competition and economic uncertainties in the venture capital industry. The purpose of this qualitative case study was to identify the best practice skills at IVC firms to predict uncertainty between early and late funding stages. The basis of the study was real options theory, a framework used to evaluate and understand the economic and competition uncertainties inherent in natural resource investment and energy derived from plant-based oils. Data were collected from interviews of 24 venture capital partners based in the United States who invest in algae and other renewable energy solutions. Data were analyzed by coding and theme development interwoven with the conceptual framework. Eight themes emerged: (a) expected returns model, (b) due diligence, (c) invest in specific sectors, (d) reduced uncertainty-late stage, (e) coopetition, (f) portfolio firm relationships, (g) differentiation strategy, and (h) modeling uncertainty and best practice. The most noteworthy finding was that predicting uncertainty at the early stage was impractical; at the expansion and late funding stages, however, predicting uncertainty was possible. The implications of these findings will affect social change by providing independent venture capitalists with best practice skills to increase successful exits, lessen uncertainty, and encourage increased funding of renewable energy firms, contributing to cleaner and healthier communities throughout the United States..

  8. Structuring joint ventures and resource development arrangements between Aboriginal communities and the petroleum industry : Proceedings of an Insight Conference

    International Nuclear Information System (INIS)

    1998-01-01

    The 15 presentations at this conference focused on the structuring of joint ventures with the petroleum industry and First Nations communities in the wake of the recent Delgamuukw decision of the Supreme Court of Canada, issued in December 1997. This decision asserted the right of Aboriginal communities to exclusive use and occupation of their land. The decision has created an urgent need to re-examine business relationships with Aboriginal communities and led to an increase in interest by resource industry people in Aboriginal practices, customs and traditions. Accordingly, speakers at this conference explored the consequences of self government by native communities, native cultural issues that influence the way Aboriginal people conduct business and the effect of the Supreme Court decision on land use planning in the resource-rich provinces of Canada. refs., tabs., figs

  9. The dual role of external corporate venturing in technological exploration

    DEFF Research Database (Denmark)

    Li, Ying; van de Vrande, Vareska; Vanhaverbeke, Wim

    2009-01-01

    Innovating firms can not only explore new technologies from its innovation partners, but also explore new technologies from the organizations to which the innovating firm has had no prior relationships. Prior studies have mostly focused on a firm's exploratory learning from its venturing partners...... ("exploration from partners" or "EFP"). There has been little insight on how external corporate venturing may affect the exploratory learning beyond the venturing partnerships ("exploration beyond partners" or "EBP"). We claim that prior venturing relations have a dual role: First, the innovation firm can learn...... from knowledge embedded in its partners. Second, it can also learn from through its partners about knowledge developed by other firms or organizations with whom the innovating firm had no external venturing relations before. In this paper, we are interested how external corporate venturing partnerships...

  10. 75 FR 39730 - Tribal Economic Development Bonds

    Science.gov (United States)

    2010-07-12

    ... DEPARTMENT OF THE TREASURY Tribal Economic Development Bonds AGENCY: Department of the Treasury... (``Treasury'') seeks comments from Indian Tribal Governments regarding the Tribal Economic Development Bond... governments, known as ``Tribal Economic Development Bonds,'' under Section 7871(f) of the Internal Revenue...

  11. Economic Developments on Perceived Safety, Violence, and Economic Benefits

    Directory of Open Access Journals (Sweden)

    Anthony Fabio

    2015-01-01

    Full Text Available Background. Emerging research highlights the promise of community- and policy-level strategies in preventing youth violence. Large-scale economic developments, such as sports and entertainment arenas and casinos, may improve the living conditions, economics, public health, and overall wellbeing of area residents and may influence rates of violence within communities. Objective. To assess the effect of community economic development efforts on neighborhood residents’ perceptions on violence, safety, and economic benefits. Methods. Telephone survey in 2011 using a listed sample of randomly selected numbers in six Pittsburgh neighborhoods. Descriptive analyses examined measures of perceived violence and safety and economic benefit. Responses were compared across neighborhoods using chi-square tests for multiple comparisons. Survey results were compared to census and police data. Results. Residents in neighborhoods with the large-scale economic developments reported more casino-specific and arena-specific economic benefits. However, 42% of participants in the neighborhood with the entertainment arena felt there was an increase in crime, and 29% of respondents from the neighborhood with the casino felt there was an increase. In contrast, crime decreased in both neighborhoods. Conclusions. Large-scale economic developments have a direct influence on the perception of violence, despite actual violence rates.

  12. Venture capital: Generator of growth of SME investment activities

    Directory of Open Access Journals (Sweden)

    Dželetović Milenko

    2017-01-01

    Full Text Available The aim of the paper is to point out the importance and role of venture capital in creation of new values based on the knowledge economy. By reviewing relevant literature about venture capital, this paper presents the importance of the venture capital investments in innovative activities of SMEs that have an impact on economic growth. Pointing to the importance and quantifying the overall effects of venture capital investments, will be used the overview and trends in venture capital investments in the sectors of economy in Europe which generate a larger number of patents. According to data during the period of 2007 - 2015 will be defined venture capital investments and number of registered patents in the sectors of the knowledge economy. Empirical analysis indicated that the venture investments in the sectors of the knowledge economy generated more patents in those sectors. In addition, the paper analyzes the venture capital investment and innovation activities of SMEs, which are reflected in patent activities, where the result is a correlation between these activities in the European economies.

  13. Launching a world-class joint venture.

    Science.gov (United States)

    Bamford, James; Ernst, David; Fubini, David G

    2004-02-01

    More than 5,000 joint ventures, and many more contractual alliances, have been launched worldwide in the past five years. Companies are realizing that JVs and alliances can be lucrative vehicles for developing new products, moving into new markets, and increasing revenues. The problem is, the success rate for JVs and alliances is on a par with that for mergers and acquisitions--which is to say not very good. The authors, all McKinsey consultants, argue that JV success remains elusive for most companies because they don't pay enough attention to launch planning and execution. Most companies are highly disciplined about integrating the companies they target through M&A, but they rarely commit sufficient resources to launching similarly sized joint ventures or alliances. As a result, the parent companies experience strategic conflicts, governance gridlock, and missed operational synergies. Often, they walk away from the deal. The launch phase begins with the parent companies' signing of a memorandum of understanding and continues through the first 100 days of the JV or alliance's operation. During this period, it's critical for the parents to convene a team dedicated to exposing inherent tensions early. Specifically, the launch team must tackle four basic challenges. First, build and maintain strategic alignment across the separate corporate entities, each of which has its own goals, market pressures, and shareholders. Second, create a shared governance system for the two parent companies. Third, manage the economic interdependencies between the corporate parents and the JV. And fourth, build a cohesive, high-performing organization (the JV or alliance)--not a simple task, since most managers come from, will want to return to, and may even hold simultaneous positions in the parent companies. Using real-world examples, the authors offer their suggestions for meeting these challenges.

  14. Electricity use and economic development

    International Nuclear Information System (INIS)

    Ferguson, R.; Wilkinson, W.; Hill, R.

    2000-01-01

    A study of the relationship between electricity use and economic development in over one hundred countries, constituting over 99 per cent of the global economy has been undertaken. Correlations between electricity consumption/capita and GDP/capita have been analysed and compared with those between total primary energy supply/capita and GDP/capita. A supporting analysis has correlated the proportion of energy used in the form electricity, the 'e/E ratio', with GDP/capita. The general conclusions of this research are that wealthy countries have a stronger correlation between electricity use and wealth creation than do poor countries and that, for the global economy as a whole, there is a stronger correlation between electricity use and wealth creation than there is between total energy use and wealth. The study also shows that, in wealthy countries, the increase in wealth over time correlated with an increase in the e/E ratio. The results imply that the energy ratio (US dollars/toe) should be replace by the electricity ratio (US dollars/kWh) as a development indicator and, more precisely, by the e/E ratio (kWh/toe). (author)

  15. 24 CFR 943.146 - What impact does the use of a subsidiary, affiliate, or joint venture have on financial...

    Science.gov (United States)

    2010-04-01

    ... subsidiary, affiliate, or joint venture have on financial accountability to HUD and the Federal government... URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.146 What impact does the use of a subsidiary, affiliate, or joint venture...

  16. 24 CFR 943.148 - What procurement standards apply to PHAs selecting partners for a joint venture?

    Science.gov (United States)

    2010-04-01

    ... PHAs selecting partners for a joint venture? 943.148 Section 943.148 Housing and Urban Development... VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.148 What procurement standards apply to PHAs selecting partners for a joint venture? (a) The requirements of part 85 of this title are...

  17. Financing clean energy market creation. Clean energy ventures, venture capitalists and other investors

    Energy Technology Data Exchange (ETDEWEB)

    Teppo, T. [Helsinki Univ. of Technology, Espoo (Finland). Development and Management in Industry

    2006-07-01

    Many factors have emerged for change towards cleaner and more efficient technologies and services: climate change, increasing oil demands, and rising living standards in many parts of the world are putting an ever-increasing strain on the environment. Recently, these drivers have fueled the formation of a clean energy venture capital market where both independent venture capitalists (VCs) and corporate venture capitalists (CVCs) have invested in clean energy start-ups. Financing of clean energy market creation is the focus of this dissertation. The dissertation contributes to several bodies of literature in the area of entrepreneurship, new industry creation, corporate venturing, and venture capital research. The dissertation uses a grounded theory approach. The study is guided by three data collection approaches with an emphasis on the first two. First, interviews with European and North American VC and CVC firms that have invested in the clean energy sector were carried out. Second, a clean energy venture financing survey that consisted of qualitative, essay-format questions and some quantitative questions was carried out. Third, interviews with clean energy stakeholders were carried out in order to gain a better understanding of the emerging sector. The research results consist of three main findings. First, the research results suggest that clean energy ventures face the following three main entrepreneurial challenges: financing, market education, and growth management. A further study of three clean energy industry categories revealed additional challenges that varied according to the industry development stage. Second, the results demonstrate that, from a venture capitalist perspective, clean energy venture risk characteristics can be divided into two groups: generally recognized risk characteristics and cognitive risk characteristics. The identified generally recognized risk characteristics were market demand and adaptation, incompatibility with the VC model

  18. International venture capital perspective

    International Nuclear Information System (INIS)

    Carter, D.

    2004-01-01

    'Full text:' The emerging fuel cell industry is characterized by global cooperation and partnerships in commercial, technical, and financial aspects. In this talk, we would like to provide observations about international venture capital focused on fuel cells globally. The talk will refer to experiences Conduit Ventures has had with its portfolio companies and other investors in various countries. We discuss our approach to working with portfolio companies who are geographically remote from our main office in London. We also discuss the process of making investment decisions on possible investments in various countries. The talk will conclude with insights and 'lessons learned' which may be of interest to fellow members of Fuel Cells Canada. (author)

  19. Energy consumption and economic development

    International Nuclear Information System (INIS)

    Tremblay, M.T.

    1994-01-01

    Speaking as an economic planner, the author of this address suggests a scenario that is rather pessimistic for the future of nuclear energy. He emphasizes that technological change will lead to economic growth, but then supposes that improvements in hydrogen energy and solar energy, combined with global competition, may lead to a fall rather than an increase in oil prices early in the next century. The 10 year lead time for bringing a nuclear station from design to commissioning makes it difficult to predict the economics of operation

  20. Development of the scale of economic abuse.

    Science.gov (United States)

    Adams, Adrienne E; Sullivan, Cris M; Bybee, Deborah; Greeson, Megan R

    2008-05-01

    Economic abuse is part of the pattern of behaviors used by batterers to maintain power and control over their partners. However, no measure of economic abuse exists. This study describes the development of the Scale of Economic Abuse, which was designed to fill this gap. Interviews were conducted with 103 survivors of domestic abuse, each of whom responded to measures of economic, physical, and psychological abuse as well as economic hardship. Results provide evidence for the reliability and validity of the scale. This study is an important first step toward understanding the extent and impact of economic abuse experienced by survivors.

  1. 24 CFR 943.151 - What procurement standards apply to a joint venture itself?

    Science.gov (United States)

    2010-04-01

    ... a joint venture itself? 943.151 Section 943.151 Housing and Urban Development Regulations Relating... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.151 What procurement standards apply to a...

  2. 24 CFR 943.150 - What procurement standards apply to a PHA's joint venture partner?

    Science.gov (United States)

    2010-04-01

    ... a PHA's joint venture partner? 943.150 Section 943.150 Housing and Urban Development Regulations... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.150 What procurement standards apply to a PHA...

  3. Doctrines and Contemporary Economic Theories in the Economic Development

    Directory of Open Access Journals (Sweden)

    Gheorghe Stefan

    2011-04-01

    Full Text Available Contemporary economic theories justify economic polarization, both before and after thesecond world war, through enhanced differences between the rich countries and those in course ofdevelopment. The instrument quantifying this economic gap is represented by the high price forindustrial products and a very low one for essentials thus maintaining at minimal level the purchasingpower of the agrarian countries (of the under-developed states. Through the agency of someinstitutions and specialized organizations like U.N., U.N.E.S.C.O. or the E.U., there are conductedinternational programs for the sectorial support mainly aiming the resolution of all kinds of problems.

  4. Population and economic development in Sarawak, Malaysia

    OpenAIRE

    Furuoka, Fumitaka

    2014-01-01

    This paper chooses a Malaysian state in Borneo Island, Sarawak, as the case study to examine the relationship between population growth and economic development. The findings imply that there is no statistically significant long-run relationship, but a causal relationship between population growth and economic development in Sarawak. In other words, the empirical findings indicate that population can have neither positive nor negative impact on economic development. The findings also indicate...

  5. Science and Technology and Economic Development

    OpenAIRE

    Lamberte, Mario B.

    1988-01-01

    Dealing with science and technology and economic development, this paper describes the relationship between technological capability and the degree of economic development. It analyzes the structure of the Philippine economy and the structural changes that have taken place since the 1970. It also investigates the impact of economic developments and technological advances in other countries on the Philippine economy. A discussion on possible research collaboration among PIDS, DOST and regional...

  6. Theory of Economic Development (Secondary Stage)

    OpenAIRE

    Mashkoor, Aasim; Ahmed, Ovais

    2015-01-01

    This is a secondary stage of theory of economic development. This research study is covering the secondary phase of development which rules the tactical plans of the main strategy. In this stage, the social and economical demands varies from country to country and we have developed the theory according to the Pakistani economic conditions. It requires great a lot of technical and strategic analysis to chose the accurate plans accordingly.

  7. Insecurity and national economic development implications for ...

    African Journals Online (AJOL)

    Insecurity and national economic development implications for Nigeria's vision 20: 2020. ... International Journal of Development and Management Review ... These social menace trigger off a worrisome sense of insecurity that challenge Nigeria's efforts towards national economic development and consequently its vision ...

  8. Economic development and environmental protection: an ecological economics perspective.

    Science.gov (United States)

    Rees, William E

    2003-01-01

    This paper argues on both theoretical and empirical grounds that, beyond a certain point, there is an unavoidable conflict between economic development (generally taken to mean 'material economic growth') and environmental protection. Think for a moment of natural forests, grasslands, marine estuaries, salt marshes, and coral reefs; and of arable soils, aquifers, mineral deposits, petroleum, and coal. These are all forms of 'natural capital' that represent highly-ordered self-producing ecosystems or rich accumulations of energy/matter with high use potential (low entropy). Now contemplate despoiled landscapes, eroding farmlands, depleted fisheries, anthropogenic greenhouse gases, acid rain, poisonous mine tailings and toxic synthetic compounds. These all represent disordered systems or degraded forms of energy and matter with little use potential (high entropy). The main thing connecting these two states is human economic activity. Ecological economics interprets the environment-economy relationship in terms of the second law of thermodynamics. The second law sees economic activity as a dissipative process. From this perspective, the production of economic goods and services invariably requires the consumption of available energy and matter. To grow and develop, the economy necessarily 'feeds' on sources of high-quality energy/matter first produced by nature. This tends to disorder and homogenize the ecosphere, The ascendance of humankind has consistently been accompanied by an accelerating rate of ecological degradation, particularly biodiversity loss, the simplification of natural systems and pollution. In short, contemporary political rhetoric to the contrary, the prevailing growth-oriented global development paradigm is fundamentally incompatible with long-term ecological and social sustainability. Unsustainability is not a technical nor economic problem as usually conceived, but rather a state of systemic incompatibility between a economy that is a fully

  9. Financial Development, Environmental Quality and Economic Growth

    Directory of Open Access Journals (Sweden)

    Shushu Li

    2015-07-01

    Full Text Available In this study, the relationships between financial development, environmental quality and economic growth are studied based on data from 102 countries over the period 1980–2010 using the generalized method of moments (GMM estimation. The econometric results show the following three basic conclusions: First, both financial development and environmental quality have a significant impact on economic growth and should be included in the production function of the economic growth model as important variables. Second, there is a significant and robust “inverted U-shaped” relationship between financial development and economic growth; with the improvement of the level of financial development, economic growth would first increase and then decrease, which is consistent with the results of previous studies. Third, there is also a significant and robust “inverted U-shaped” relationship between economic growth and carbon emissions, indicating that there exists a “critical point” at which achieving economic growth comes at the expense of environmental quality, and after passing the critical point, the deterioration of environmental quality will lead to a significant slowdown in economic growth. In addition, the econometric analysis in this paper also shows that there was a mutually promoting and strengthening relationship between financial development and environmental quality. Specifically, the degree of financial development can further strengthen the promoting effect of environmental quality on economic growth; meanwhile, an improvement in environmental quality can also strengthen the promoting effect of financial development on economic growth. Financial development and environmental quality could influence economic growth through strengthening the marginal product effects of capital and labor, which further indicates the that both financial and environmental factors play an important role in modern economic development.

  10. ECONOMIC DEVELOPMENT THROUGH AID OR INTERNATIONAL TRADE

    Directory of Open Access Journals (Sweden)

    Ana Mihei

    2010-12-01

    Full Text Available Economic development is the supreme goal of modern civilization. This phenomenon is seen not just in terms of growth, but rather as an overall improvement in living standards. Economic development is a national goal, but also an objective of international economic bodies. Talks about development are held in the context of the opposition between developed countries and developing countries.In this article, we discuss whether development aid that originates from industrialized states supports sustainable economic rise of the countries lagging behind and whether it is preferable to let market operate freely, through the liberalization of international trade. Our conclusion is that economic development through the promotion of free trade would be achieved faster and more efficiently, based on net gains from trade and the pride of the peoples who would have won by themselves their daily bread and a place in the global market.

  11. The Importance of Venture Capital Financing System in Financing Entrepreneurship: Applications in Turkey

    OpenAIRE

    Erkan Poyraz; Yusuf Tepeli

    2016-01-01

    The prominent concept of venture capital is examined as a financing model to the financing of entrepreneurship according to related literature. Venture capital is used with success in developed countries for a long time. Venture capital is a modern financing model that allows entrepreneurs to perform dynamic, creative, and innovative investment ideas as well as management, marketing and business support without requesting financial strength from those entrepreneurs. However, venture capital h...

  12. The Economic Crisis and Sustainable Development

    DEFF Research Database (Denmark)

    Lund, Henrik; Hvelplund, Frede

    of sustainable energy solutions involves the replacement of imported fossil fuels by substantial investments in energy conservation and renewable energy. In such situation, it becomes increasingly essential to develop economic thinking and economic models that can analyse the concrete institutions in which......This paper presents Concrete Institutional Economics as an economic paradigm to understand how the wish for sustainable energy in times of economic crisis can be used to generate jobs as well as economic growth. In most countries, including European countries, the USA and China, the implementation...... the market is embedded. This paper presents such tools and methodologies and applies them to the case of the Danish heating sector. The case shows how investments in decreasing fossil fuels and CO2 emissions can be made in a way in which they have a positive influence on job creation and economic development...

  13. SOCIAL ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

    OpenAIRE

    Brajević, Slađana; Babić, Antonija; Jukić, Ivona

    2015-01-01

    The time in which we currently live and will continue to live is a time of changes, which are comprehensive, deep and quick. They occur in almost all spheres and areas of human activity and life. Regardless of their causes, they are all structural changes whose consequences are primarily economic in their nature. The last three decades have been characterized by a rather significant increase in entrepreneurial activities, which is why they are often referred to as "the age of entrepreneurship...

  14. Evaluation of spacecraft technology programs (effects on communication satellite business ventures), volume 1

    Science.gov (United States)

    Greenburg, J. S.; Gaelick, C.; Kaplan, M.; Fishman, J.; Hopkins, C.

    1985-01-01

    Commercial organizations as well as government agencies invest in spacecraft (S/C) technology programs that are aimed at increasing the performance of communications satellites. The value of these programs must be measured in terms of their impacts on the financial performane of the business ventures that may ultimately utilize the communications satellites. An economic evaluation and planning capability was developed and used to assess the impact of NASA on-orbit propulsion and space power programs on typical fixed satellite service (FSS) and direct broadcast service (DBS) communications satellite business ventures. Typical FSS and DBS spin and three-axis stabilized spacecraft were configured in the absence of NASA technology programs. These spacecraft were reconfigured taking into account the anticipated results of NASA specified on-orbit propulsion and space power programs. In general, the NASA technology programs resulted in spacecraft with increased capability. The developed methodology for assessing the value of spacecraft technology programs in terms of their impact on the financial performance of communication satellite business ventures is described. Results of the assessment of NASA specified on-orbit propulsion and space power technology programs are presented for typical FSS and DBS business ventures.

  15. The Economic Crisis and Sustainable Development

    DEFF Research Database (Denmark)

    Lund, Henrik; Hvelplund, Frede

    2012-01-01

    of sustainable energy solutions involves the replacement of imported fossil fuels by substantial investments in energy conservation and renewable energy (RE). In such situation, it becomes increasingly essential to develop economic thinking and economic models that can analyse the concrete institutions in which......This paper presents Concrete Institutional Economics as an economic paradigm to understand how the wish for sustainable energy in times of economiccrisis can be used to generate jobs as well as economic growth. In most countries, including European countries, the USA and China, the implementation...

  16. Social and economic growth of developing nations

    International Nuclear Information System (INIS)

    Gregersen, H.M.; Laarman, J.G.

    1989-01-01

    This paper reports on social and economic growth of developing nations. Trees and forests are often of immeasurable importance to developing countries of the world. To be of value, however, effective and efficient institutions, programs, and policies must be designed and focused on such resources. Forest economics and policy researchers can contribute much to such activities. To be most effective, forest economics research should be designed to improve understanding of social forestry, watershed management, and nontimber forest outputs; enhance ability to effectively address environmental consequences of forestry development; heighten skill in guiding development of industrial forestry enterprises; and improve effectiveness of international aid for forestry development. Guided by such strategic directions, forest economics research can contribute much to the economic and social well-being of developing nations

  17. Notes on innovation systems and economic development

    DEFF Research Database (Denmark)

    Lundvall, Bengt-Åke

    2011-01-01

    This paper gives a brief history and background for the concept 'national innovation system' and discusses its usefulness for understanding and managing economic development.......This paper gives a brief history and background for the concept 'national innovation system' and discusses its usefulness for understanding and managing economic development....

  18. Time delays, population, and economic development

    Science.gov (United States)

    Gori, Luca; Guerrini, Luca; Sodini, Mauro

    2018-05-01

    This research develops an augmented Solow model with population dynamics and time delays. The model produces either a single stationary state or multiple stationary states (able to characterise different development regimes). The existence of time delays may cause persistent fluctuations in both economic and demographic variables. In addition, the work identifies in a simple way the reasons why economics affects demographics and vice versa.

  19. International joint research project of venture seeds excavating type in fiscal 1999 (revised) - venture seeds No.3. Report on achievements in developing bump forming technologies for high-density semiconductor connection; 1999 nendo (hosei) venture seeds hakkutsugata kokusai kyodo kenkyu jigyo - venture seeds No.3. Komitsudo handotai setsuzokuyo bump gata keisei gijutsu kaihatsu seika hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    Development has been advanced on a new flip chip technology with high efficiency and reliability to mount on lead frames and substrates the semiconductor devices that have been made higher in density and function and smaller in size. Specifically, discussions were given on a bump forming technology using micro balls with high accuracy and sphericity. With this technology, bumps are formed with high accuracy and efficiency by transferring and bonding the micro balls onto electrodes. Activities were taken in the following five areas: 1) discussions on the micro ball arranging technology, 2) optimization and evaluation on bed films, 3) manufacture and evaluation on micro balls, 4) overall evaluation and improvement discussion on quality and cost, and 5) analysis of thermal stress on soldered balls. In Item 1), micro balls are transferred onto pads after removing excess balls by sucking them into a suction head while having the micro balls float in a container by means of vibration. The suction arrangement plates were discussed and the suction system was optimized, whereas it was verified that balls with diameter of 100 {mu} m can be transferred and bonded onto pads of the chips without excess and insufficiency. (NEDO)

  20. Venture Capitalist Enabled Entrepreneurial Mentoring

    DEFF Research Database (Denmark)

    Agrawal, Anirudh

    2018-01-01

    Traditionally the success of a venture capital model has been anchored around two dimensions‚ namely equity as a trade for investment and start-up valuation and profitable exits. Scholars have focused less on the inter-organizational interaction between the venture capital (VC) and start-up entre...

  1. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, M.; Penas, M.F.

    2015-01-01

    Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the

  2. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Maria

    2015-01-01

    Venture capital investors are specialized financial intermediaries that provides funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company’s choice of innovation strategies.

  3. Venture capital and innovation strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Fabiana

    2017-01-01

    Venture capital investors are specialized financial intermediaries that provide funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company's choice of innovation strategies.

  4. UK manufacturers construction joint venture

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-07-01

    This report examines the legal and commercial framework for UK manufacturers to collaborate in a construction venture for a small combustion/steam cycle power plant fueled with biomass. The integration of technology and project plan, the working capital and capitalisation, financial aspects, the market plan, turnkey packages, joint venture entities, and collaboration are discussed. (UK)

  5. Venture Capital Investment in the Life Sciences in Switzerland.

    Science.gov (United States)

    Hosang, Markus

    2014-12-01

    Innovation is one of the main driving factors for continuous and healthy economic growth and welfare. Switzerland as a resource-poor country is particularly dependent on innovation, and the life sciences, which comprise biotechnologies, (bio)pharmaceuticals, medical technologies and diagnostics, are one of the key areas of innovative strength of Switzerland. Venture capital financing and venture capitalists (frequently called 'VCs') and investors in public equities have played and still play a pivotal role in financing the Swiss biotechnology industry. In the following some general features of venture capital investment in life sciences as well as some opportunities and challenges which venture capital investors in Switzerland are facing are highlighted. In addition certain means to counteract these challenges including the 'Zukunftsfonds Schweiz' are discussed.

  6. Clusters and strategy in regional economic development

    OpenAIRE

    Feser, Edward

    2009-01-01

    Many economic development practitioners view cluster theory and analysis as constituting a general approach to strategy making in economic development, which may lead them to prioritize policy and planning interventions that cannot address the actual development challenges in their cities and regions. This paper discusses the distinction between strategy formation and strategic planning, where the latter is the programming of development strategies that are identified through a blend of exper...

  7. Development of Mobile Educational Game of Economics

    Directory of Open Access Journals (Sweden)

    Indah Rahayu Kurniasari

    2018-05-01

    Full Text Available Along the rapid development of Information and Communication Technology (ICT, learning media are required to undergo renewal. Innovation of learning media that combines modern technology is needed to improve the effectiveness of learning. The research is a Research and Development (R&D. The product result of this research is mobile educational game of economics. This research aims to determine the feasibility of mobile educational game of economics. Media feasibility was assessed based on the results of media-use response questionnaires that given to experts and students. Expert validation result showed that mobile educational game of economics achieved very good judgment. The assessment questionnaires result from the student also stated that the quality and effectiveness of mobile educational game of economics were very good. So, the research concluded that mobile educational game of economics worthy to be used as a media of economics learning.

  8. INNOVATION ASPECTS OF THE ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    M. Veselovsky

    2016-01-01

    Full Text Available In the article the problems of economic increase and development under the conditions for the growth of crisis phenomena in the economy of Russia is investigated. Are analyzed the factors, which infl uence economic of the development of state and guarantee of its steady increase. Is examined the integral approach in conducting of economic reforms, which is based to the use of innovation developments and new forms of management of control. They are given to recommendation regarding conducting of the necessary reforms in the systems of management, planning, of organizing of labor, of circulation of money and crediting, taxation and other systems, which have the direct and defi ned by example eff ect on economic development. Is emphasized that for steady economic development is, in the first place, necessary further integration of Russia in the world community, the adjusting of mutually benefi cial intergovermental connections, the exchange, by scientific, technical and economic information, the free motion of labor and capital.Purposes / tasks. The purpose of article is a study of the factors of influencing the economic development in build-up conditions crisis phenomena and the development of the proposals, which ensure economic increase and development.Article tasks: to investigate and to isolate the growth factors, under the conditions of the being deteriorated economic situation, which is expedient to use with the solution of the problem of economic development, the application of innovation developments and new forms of management of control.Methodology. With conducting of the present investigation by the basic sources of initial data served the materials of the state statistics and other information sources. The comparative methods of analysis and synthesis are assumed as the basis of systematic developments.Results. The need for the complex conducting of economic reforms is revealed. The influence of new technologies on the development of

  9. Understanding of Grassland Ecosystems under Climate Change and Economic Development Pressures in the Mongolia Plateau

    Science.gov (United States)

    Qi, J.; Chen, J.; Shan, P.; Pan, X.; Wei, Y.; Wang, M.; Xin, X.

    2011-12-01

    The land use and land cover change, especially in the form of grassland degradation, in the Mongolian Plateau, exhibited a unique spatio-temporal pattern that is a characteristic of a mixed stress from economic development and climate change of the region. The social dimension of the region played a key role in shaping the landscape and land use change, including the cultural clashes with economic development, conflicts between indigenous people and business ventures, and exogenous international influences. Various research projects have been conducted in the region to focus on physical degradation of grasslands and/or on economic development but there is a lack of understanding how the social and economic dimensions interact with grassland ecosystems and changes. In this talk, a synthesis report was made based on the most recent workshop held in Hohhot, Inner Mongolia, of China, that specifically focused on climate change and grassland ecosystems. The report analyzed the degree of grassland degradation, its climate and social drivers, and coupling nature of economic development and conservation of traditional grassland values. The goal is to fully understand the socio-ecological-economic interactions that together shape the trajectory of the grassland ecosystems in the Mongolia Plateau.

  10. Terms of trade and Russian economic development

    Directory of Open Access Journals (Sweden)

    Georgy Idrisov

    2016-09-01

    Full Text Available The paper discusses economic development trends in Russia in late 2014 and 2015 and reviews the basic mechanisms of how changes in the terms of trade affect the economic development of countries from a historical perspective and with a particular focus on those changes in the Russian economy that occurred in late 2014 and 2015. The authors demonstrate that structural reforms aimed at diversification of production and exports are necessary for sustainable economic development, for social stability and for reducing the impact of variability in the terms of trade on the Russian economy. During periods of instability in the government agenda's measures for the real and financial sectors, it is necessary not only to compensate economic agents losses caused by changes in the terms of trade but also to improve the economic structure and to develop and enhance the stability of the financial markets.

  11. The anatomy of Japan's postwar economic development.

    OpenAIRE

    Tsao, Hsiung Yuan

    1997-01-01

    Approved for public release; distribution is unlimited This thesis examines the anatomy of postwar Japanese economic development. It is illustrated by the reform and reconstruction era (1945-52) and those factors which caused the Japanese economy to grow during the 1953-73 period. Furthermore, on the basis of Japanese economic successes, the role of the Japanese in world affairs again became important. However, due to the world experiencing economic inflation and an oil shock after 1974, t...

  12. Morality, Normativity, and Economic Development in Slovakia

    Directory of Open Access Journals (Sweden)

    David Karjanen

    2015-07-01

    Full Text Available This article examines debates over local economic development policies and practices in contemporary Slovakia, particularly regarding property and land development. Debates about economic development often occur in relation to economic outcomes, driven by quantitative data and empirical assessments provided by city officials or consultants. In this article, I find that such debates are more likely to be driven by normative concerns, including moral outcomes. I develop a theoretical framework to understand why policy debates occur not in purely objective terms, but the more subjective normative and moral frameworks. The analysis provides greater insight into political debates and policymaking in the postsocialist context.

  13. Economic development and nuclear proliferation: an overview

    International Nuclear Information System (INIS)

    Smith, G.W.; Soligo, R.

    1983-01-01

    The authors argue that the impact of nuclear-weapons programs on the development prospects of countries economically able to undertake such programs would likely be fairly small. The amounts involved and the backward linkages are usually sufficiently small that nuclear-weapons programs in most less-developed countries (LDCs) can be considered an enclave activity. On the other hand, economic development clearly facilitates bomb development. The chapter sets forth the main characteristics of economic growth that are likely to facilitate bomb development, then considers the ''bomb levy'' necessary for various types of countries to produce bombs on a scale considered appropriate for LDCs. It concludes that it will be policy-imposed costs rather than economic costs in themselves that will prevent determined LDC governments of moderate income and population from developing nuclear weapons. 16 references, 2 tables

  14. Africa's Failed Economic Development Trajectory: A Critique

    African Journals Online (AJOL)

    there is something wrong with economic development in Africa. ... indicators, and predictions – findings which have substantial implications for judging whether there is .... Rosenstein-Rodan's steps, although recaliberating his thesis of economic ...... 'International regime governance and apparel labour upgrading in export.

  15. Trust, Social Capital and Economic Development

    NARCIS (Netherlands)

    Francois, P.; Zabojnik, J.

    2003-01-01

    Many argue that elements of a society s norms, culture or social capital are central to understanding its development.However, these notions have been difficult to capture in economic models.Here we argue that trustworthiness is the economically relevant component of a society s culture and hence

  16. Economic Development and Diversification in Southwest Louisiana

    Science.gov (United States)

    1989-11-01

    Chamber of Commerce Evangeline Economic and Planning District...Greater DeRidder Chamber of Commerce Greater Jennings Chamber of Commerce Imperial Calcasieu Regional Planning and Development Commission Lafayette...Board of Directors, and the initial membership consists of the following members: Crowley Chamber of Commerce , Inc. Evangeline Economic and

  17. Value diversity and regional economic development

    NARCIS (Netherlands)

    Beugelsdijk, Sjoerd; Klasing, Mariko; Milionis, Petros

    2018-01-01

    We investigate the link between culture and regional economic development within European countries. Considering a variety of cultural values, we provide evidence that it is the degree of diversity in these values at the regional level that strongly correlates with economic performance rather than

  18. Challenges in Bootstrapping a Start-Up Venture: Keenga Research Turning the Tables on Venture Capitalists

    Directory of Open Access Journals (Sweden)

    Prescott C. Ensign

    2016-01-01

    Full Text Available This case study chronicles the timeline of a new venture – Keenga Research. Keenga Research has a novel proposition that it is seeking to introduce to the market. The business concept is to ask entrepreneurs to review the venture capital (VC firm that funded them. Reviews of VC firms would then be developed and marketed to those interested (funds and perhaps enterprises seeking funding. What makes this case unique is that Keenga Research was a lean start-up. Bootstrapping is a situation in which the entrepreneur chooses to fund the venture with his/her own personal resources. It involves self-funding (family and friends, tight monitoring of expenses, and maintaining control of ownership and management (Winborg & Landstrom 2001; Perry, Chandler, Yao, & Wolff, 2011; Winborg, 2015. The lean start-up approach favors experimentation over elaborate planning, customer feedback over intuition and iterative design over traditional big upfront research and development. This case study requires the reader to consider a number of the basic challenges facing all entrepreneurs and new ventures. Is the concept marketable? Can the concept be developed and brought to market in a timely manner? Will the product generate revenue? How? When? What are the commitments of the entrepreneurs? Have they considered the major challenges to be faced? Since this venture involved gathering and developing research information and then creating an online platform, Keenga Research faced significant concept-to-market challenges. The research method used in this case study is first person participant observation and interviews. One of the authors was a team member so the contextual details come from direct observation and first-hand knowledge. This method of research is often used in anthropology, sociology, and social psychology where an investigator studies the group by sharing in its activities. The other author provided an objective and conceptual perspective for analyzing

  19. Development Of Economic Techniques For Residential Thermography

    Science.gov (United States)

    Allen, Lee R.; Allen, Sharon

    1983-03-01

    Infrared thermography has proven to be a valuable tool in the detection of heat loss in both commercial and residential buildings. The field of residential thermography has needed a simple method with which to report the deficiencies found during an infrared scan. Two major obstacles hindering the cost effectiveness of residential thermography have been 1) the ability to quickly transport some high resolution imaging system equipment from job site to job site without having to totally dismount the instruments at each area, and 2) the lack of a standard form with which to report the findings of the survey to the customer. Since the industry has yet to provide us with either, we believed it necessary to develop our own. Through trial and error, we have come up with a system that makes interior residential thermography a profitable venture at a price the homeowner can afford. Insulation voids, or defects can be instantly spotted with the use of a thermal imaging system under the proper conditions. A special hand-held device was developed that enables the thermographer to carry the equipment from house to house without the need to dismantle and set up at each stop. All the necessary components are attached for a total weight of about 40 pounds. The findings are then conveyed to a form we have developed. The form is simple enough that the client without special training in thermography can understand. The client is then able to locate the problems and take corrective measures or give it to a con-tractor to do the work.

  20. Malaysian group looks to invest in China petchems venture

    International Nuclear Information System (INIS)

    Alperowicz, N.

    1992-01-01

    The Kuok Group, owned by Malaysian tycoon Robert Kuok, has emerged as the latest potential investor in a petrochemicals joint venture in China. The group, which has assets including the Shangri-La chain of hotels and several urea formaldehyde plants in Malaysia and Singapore, has signed a memorandum of understanding with the local authorities of Beihai, Guangxi province to study a $3-billion refinery and petrochemicals complex. Beihai, in coastal southwestern China, is near the Vietnam border. The project, understood to be in the preliminary scoping phase, would include a 100,000-bbl/day refinery and a world-scale 450,000-m.t./year cracker that would feed a 450,000-m.t./year polyethylene unit. To make the operation competitive, the group is considering building an ethylene cracker and looking for a cheap source of natural gas. It is understood that an undisclosed Western company has joined forces in the joint venture, which is not one of the 14 petrochemicals complexes currently planned in China. Kuok, who has good contacts in China and has just agreed to develop a commercial complex in Shanghai's Zhabei district, has been approached by the Beihai authorities. Beihai, an economic development zone, would like its own refinery. The closest one is in Maoming. A decision is expected by the end of then year

  1. Malaysian group looks to invest in China petchems venture

    Energy Technology Data Exchange (ETDEWEB)

    Alperowicz, N.

    1992-11-25

    The Kuok Group, owned by Malaysian tycoon Robert Kuok, has emerged as the latest potential investor in a petrochemicals joint venture in China. The group, which has assets including the Shangri-La chain of hotels and several urea formaldehyde plants in Malaysia and Singapore, has signed a memorandum of understanding with the local authorities of Beihai, Guangxi province to study a $3-billion refinery and petrochemicals complex. Beihai, in coastal southwestern China, is near the Vietnam border. The project, understood to be in the preliminary scoping phase, would include a 100,000-bbl/day refinery and a world-scale 450,000-m.t./year cracker that would feed a 450,000-m.t./year polyethylene unit. To make the operation competitive, the group is considering building an ethylene cracker and looking for a cheap source of natural gas. It is understood that an undisclosed Western company has joined forces in the joint venture, which is not one of the 14 petrochemicals complexes currently planned in China. Kuok, who has good contacts in China and has just agreed to develop a commercial complex in Shanghai's Zhabei district, has been approached by the Beihai authorities. Beihai, an economic development zone, would like its own refinery. The closest one is in Maoming. A decision is expected by the end of then year.

  2. Management Strategies and Economic Development in Ghana

    DEFF Research Database (Denmark)

    Kuada, John

    2014-01-01

    as number 2 on the World Bank’s world economic growth list. It has also scored high on measures of civil liberty, political rights and political stability among other nations on the West African sub-continent. But Ghana still faces serious economic and social challenges and is, therefore, in search of new......Ghana has experienced a tumultuous political and economic history since its independence in 1957. But today it is among the handful of African nations that showcase the dreams and aspirations of Sub-Sahara Africa. In 2011 it achieved an impressive economic growth rate of 14.6 per cent and ranked...... to provides illustrations of the usefulness of the human capability development framework presented in volume one as a foundation for sustainable and inclusive economic development in SSA. It also highlights the challenges that the country continues to grapple with and provides some directions for further...

  3. African Journals Online: Economics & Development

    African Journals Online (AJOL)

    Items 1 - 47 of 47 ... Topics and themes appropriate for African Journal of Management Research will come ... Papers arising from original research and case studies or forming .... adoption of innovations; extension communication models and strategies; ... discuss the concept of development from an interdisciplinary viewpoint.

  4. Legal Institutions and Economic Development

    NARCIS (Netherlands)

    Beck, T.H.L.

    2010-01-01

    Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in

  5. Poverty Alleviation Programmes and Economic Development in ...

    African Journals Online (AJOL)

    Poverty Alleviation Programmes and Economic Development in Nigeria: A Comparative Assessment of Asa and Ilorin West Local ... Journal Home > Vol 3, No 4 (2009) > ... and worst hit income inequality group with about 84percent of total

  6. Supporting economic development with highway investment

    Science.gov (United States)

    2015-11-01

    Federal transportation regulations and law direct State and local transportation agencies to account for economic development plans in transportation planning processes. While Federal law is not prescriptive about how State and local agencies account...

  7. 585 Idealogy and Economic Development in Nigeria

    African Journals Online (AJOL)

    User

    2010-10-17

    Oct 17, 2010 ... ownerships of the means of production, distribution and exchange; monetization ... owned the transport, trading, shipping and mining companies as well as the .... cost-saving measure to facilitate economic development.

  8. Interest Rate Liberalization, Financial Development and Economic ...

    African Journals Online (AJOL)

    debate the impact of financial sector on economic growth; most of them ..... financial development, introduces domestic credit to the banking public, DCB, ...... Hysteresis in Unemployment: ... Obute, C., Adyorough, A., & Itodo, A.I. (2012).

  9. Economics | Page 22 | IDRC - International Development Research ...

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

    This pathbreaking book identifies the economic and social factors underlying the ... current beliefs about good practice in the provision of business development ... assessment of impact, sustainability, and cost-effectiveness of such services.

  10. Stages of growth in economic development

    Czech Academy of Sciences Publication Activity Database

    Kejak, Michal

    2003-01-01

    Roč. 27, č. 5 (2003), s. 771-800 ISSN 0165-1889 Institutional research plan: CEZ:AV0Z7085904 Keywords : growth * human capital * development Subject RIV: AH - Economics Impact factor: 0.690, year: 2003

  11. Transportation strategy development under economic uncertainty.

    Science.gov (United States)

    2013-05-01

    The interests of the researchers here were to understand various modes for developing long term : that is strategic plans with particular concern for the economic uncertainties one invariably : faces in such a planning environment. Often resou...

  12. Egalitarian norms, economic development, and ethnic polarization

    NARCIS (Netherlands)

    Haagsma, R.; Mouche, van P.H.M.

    2013-01-01

    Economic development generally implies that traditional egalitarian norms and beliefs are replaced by modern individualistic values. Particularly when opportunities for advancement are unequally presented to people, this transformation may be accompanied by polarization and violent conflict. We

  13. Fueling innovation in medical devices (and beyond): venture capital in health care.

    Science.gov (United States)

    Ackerly, D Clay; Valverde, Ana M; Diener, Lawrence W; Dossary, Kristin L; Schulman, Kevin A

    2009-01-01

    Innovation in health care requires new ideas and the capital to develop and commercialize those ideas into products or services. The necessary capital is often "venture capital," but the link between public policy and the venture capital industry has not been well examined. In this paper we explore the link between venture capital and innovation in health care, and we present new descriptive data from a survey of health care venture capital fund managers. Respondents generally viewed policy levers (for example, reimbursement and regulations) as important risks to venture capital investments, potentially affecting their ability to raise capital for early-stage investment funds.

  14. FY 2000 report of survey by NEDO in Sydney on the Venture capitals and businesses in Australia; 2000 nendo Goshu no venture capital to venture business chosa hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    The venture capitals and businesses in Australia are surveyed and reported. Venture Capital Guide (2000), annually issued by Polliticon Publications, estimates a total of 120 venture businesses raise a total funds B$7.393 from the domestic sources, of which B$3.546 is invested on 1113 enterprises as of the end of December, 2000. Of the enterprises on which the funds are invested, 766 are currently of portfolio enterprises and 347 have completely disposed them. The Government of Australia has introduced several venture capital supporting schemes, including PDF (Pooled Development Funds) to supply equity capitals to small- to medium-sized enterprises over extended periods, IIF (Innovation Investment Funds) to encourage early-stage investments on innovative small- to medium-sized enterprises, R and D Start to provide increased funds for small- to medium-sized enterprises now considering production on a commercial basis, COMET (Commercialising Emerging Technologies) and BITS (Building on Information Technology Strengths). (NEDO)

  15. Perestroika, Soviet oil, and joint ventures

    International Nuclear Information System (INIS)

    Churkin, M. Jr.

    1991-01-01

    Glaznost, the freedom of expression in both the public and private sectors of the Soviet Union, has rapidly transformed the country form a largely isolated and closed society to one that is rapidly becoming more cosmopolitan and open to the West. Now that the Soviet Union is moving toward a free-market economy, a number of new laws are being generated to create a favorable environment for Western investment, especially joint ventures. First, crude oil sales have provided over 75% of much-needed hard currency, and oil has been the principal barter for manufactured goods produced in eastern Europe. Second, joint oil ventures with Western companies can reverse declining production levels and provide sufficient stimulus to turn around the economic recession. The Soviet Union has a very large inventory of discovered but undeveloped oil and gas fields. Most of these fields are difficult for the Soviets to produce technically, financially, and environmentally safely, and they are actively seeking appropriate Western partners. From an exploration point of view, the Soviet Union has probably the largest number of undrilled and highly prospective oil basins, which may replenish declining reserves in the West. Finally, the Soviet Union represents in the long term a large unsaturated market eager to absorb the surplus of goods and services in the Western world. Again, joint oil ventures could provide the convertible currency to increase East-West trade

  16. JEDI: Jobs and Economic Development Impact Model

    Energy Technology Data Exchange (ETDEWEB)

    2017-06-13

    The Jobs and Economic Development Impact (JEDI) models are user-friendly tools that estimate the economic impacts of constructing and operating power generation and biofuel plants at the local (usually state) level. First developed by NREL's researchers to model wind energy jobs and impacts, JEDI has been expanded to also estimate the economic impacts of biofuels, coal, conventional hydro, concentrating solar power, geothermal, marine and hydrokinetic power, natural gas, photovoltaics, and transmission lines. This fact sheet focuses on JEDI for wind energy projects and is revised with 2017 figures.

  17. Malaysian Economic Development: Looking Backwards and Forward

    OpenAIRE

    Hal Hill

    2010-01-01

    This paper provides an analytical and forward-looking overview of Malaysian economic development. Looking back over its 53 years of Independence, we identify the key stylized facts to include the country's generally rapid economic growth and structural change; its consistent openness, especially for merchandize trade and foreign direct investment; its creditable record of macroeconomic management; its consistently high inequality, in spite of the developing world's most consistently implement...

  18. Economic development and nuclear geography

    International Nuclear Information System (INIS)

    Giraud, Andre.

    1976-01-01

    In a study previously presented at the European Nuclear Conference on the Maturity of Nuclear Energy (Paris-1975), an overall balance of the world energy needs had been drawn and the part played by nuclear energy had been underlined. A model is presented here, which, on the basis of the present situation in each country (i.e. its population, level of development, and level of power consumption), of selected outlines of foreseeable growth, and the possible mechanics of introduction and penetration of nuclear power, offers the possibility of simulating the evolution of nuclear capacity in that country [fr

  19. Characteristics and drivers of venture capital investment activity in Romania

    Directory of Open Access Journals (Sweden)

    Mihaela DIACONU

    2012-07-01

    Full Text Available The present paper aims at characterising the venture capital market and identifying factors affecting the venture capital investments activity in Romania in the period 2000-2010. With a view to assessing the intensity of manifestation of various factors on the supply and demand of venture capital we use an econometric model of macroeconomic variables already tested in the literature. We consider, however, that we bring contributions to the approach, by analysing the features of the venture capital market in Romania and impact factors, our work being, at the same time, support in assessing the types of decisions to be adopted by policymakers to the formation of an authentic market and stimulating innovation. Our results indicate that the total R&D intensity is the main determinant of the venture capitals invested in this period in the two phases (for early stages and expansion. A significant incidence, mainly on the supply side, also shows the annual long term real interest rate, while the market capitalisation, the effective marginal tax rate on corporate income, the annual inflation or unemployment rate do not impact on the venture capital. Our recommendations, in terms of formation and development of the venture capital market, look as a priority, strengthening the demand for resources, respectively encouraging of enterprises to innovate, creating of conditions for the supply to be manifested in the seed and start-up stages and the compatibilization of the need for resources with prudential rules by adapting regulations for institutional investors.

  20. A JOINT VENTURE MODEL FOR ASSESSMENT OF PARTNER CAPABILITIES: THE CASE OF ESKOM ENTERPRISES AND THE AFRICAN POWER SECTOR

    Directory of Open Access Journals (Sweden)

    Y.V. Soni

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This article investigates the concept of joint ventures in the international energy sector and develops a joint venture model, as a business development and assessment tool. The joint venture model presents a systematic method that relies on modern business intelligence to assess a potential business venture by using a balanced score card technique to screen potential partners, based on their technological and financial core capabilities. The model can be used by business development managers to harness the potential of joint ventures to create economic growth and sustainable business expansion. Furthermore, partnerships with local companies can help to mitigate econo-political risk, and facilitate buy-in from the national governments that are normally the primary stakeholders in the energy sector ventures (directly or indirectly. The particular case of Eskom Enterprises (Pty Ltd, a wholly owned subsidiary of Eskom, is highlighted.

    AFRIKAANSE OPSOMMING: Hierdie artikel ondersoek die begrip gesamentlike onderneming in die internasionale energiesektor en ontwikkel 'n gesamentlike-onderneming-model as 'n sake-ontwikkeling- en takseermodel. Die gesamentlike-onderneming-model bied 'n stelselmatige metode wat op moderne sake-intelligensie staat maak om 'n potensiële sake-onderneming op grond van die tegnologiese en finansiële kernvermoëns daarvan te takseer deur 'n gebalanseerdepuntekaart-tegniek te gebruik. Die model kan deur sake-ontwikkelingsbestuurders gebruik word om die potensiaal van gesamentlike ondernemings in te span om ekonomiese groei en volhoubare sake-uitbreiding daar te stel. Verder kan venootskappe met plaaslike maatskappye help om die ekonomiese risiko te verminder en inkoop te vergemaklik van die nasionale regerings wat gewoonlik die primêre belanghebbendes in die energiesektorondernemings is (hetsy regstreeks of onregstreeks. Die besondere geval van Eskom Enterprises (Edms Bpk, 'n vol filiaal van Eskom

  1. Nigerian stock exchange and economic development

    Directory of Open Access Journals (Sweden)

    Olowe,Olusegun

    2011-12-01

    Full Text Available This article studies role of cooperations in creating opportunities for using rich renewable energy sources and also their potential role for entrepreneurship and employment in Iran. The presence of constant, sustainable and economical energy is an essential basis for any economical and social development while it can upgrade life qualities. Iran has a considerable amount of natural resources for modernizing its energy supply and being transited to a sustainable energy system as it has countless opportunities for using rich renewable energy sources. On the other hand, cooperation have been considered as a strategic way to create job opportunities as they are strong organizations which can encounter economical and social side affects caused by quick moderating procedures in structural programs.Results show convergence between renewable sources development and Iran's economical development through taking a frugal approach in expenses, creating new job opportunities and entrepreneurship in renewable energies.

  2. 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.

  3. 12 CFR 347.107 - Joint ventures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Joint ventures. 347.107 Section 347.107 Banks... INTERNATIONAL BANKING § 347.107 Joint ventures. (a) Joint ventures. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization that is a joint venture, and the bank or its...

  4. Private equity and venture capital: investment fund structures in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Marek Zinecker

    2011-01-01

    Full Text Available A working private equity and venture capital market (PE/VC market stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6 defines prerequisites for a correct operation of the PE/VC market. It views the legislative provision for suitable legal fund structures for PE/VC investments and their tax treatment as a key factor. In its publication, Private Equity & Venture Capital in the Czech Republic (2010, p. 14, the Czech Venture Capital Association/CVCA stresses that legal barriers are an important reason behind the limited scope of resources available to domestic PE/VC funds. Legal barriers prevent the establishment of a standard PE/VC fund in the territory of the Czech Republic, which fact in turn has a negative impact on the level of development of the domestic PE/VC market (fundraising, investment volumes, establishment of the infrastructure required for the operation of PE/VC funds. The purpose of this article is, based on an analysis of the relevant information sources, to assess how the current Czech legislation regulates the legal fund structures for PE/VC investments and their tax treatment. Proposals for a potential improvement of the situation are based on a comparison of the legislative framework applicable in the Czech Republic and the requirements defined by the European Venture Capital Association/EVCA, as well as the AVCO study (2004, 2006.

  5. Fostering Local Economic Development through Community ...

    African Journals Online (AJOL)

    The skills included information system analysis and development, computing as well as web developing. The case study employed a Community Informatics approach which is the application of information and communications technologies (ICTs) to enable community processes such as local economic development.

  6. Finishing touch to joint venture

    CERN Multimedia

    2003-01-01

    "A new process for polishing titanium and its alloys has been announced following an agreement between Bripol (an Anopol/Delmet joint venture) of Birmingham and the European Organisation for Nuclear Reseach (CERN) in Geneva" (1 paragraph).

  7. Mudaraba-Venture Capital Closed-end Mutual Funds and Mudaraba-Venture Capital Open-end Mutual Funds

    OpenAIRE

    Halil Ibrahim Bulut

    2008-01-01

    The important part of this study attempts to explain that both venture capital and interest-free financing are based on similar ground, if not the same. Two new models called Mudaraba-Venture Capital Closed-End Mutual Funds and Mudaraba-Venture Capital Open-End Mutual Funds, based on both the similarities and the needs of financial innovation in the interest-free financing system, are detailed. It is believed that the development of these two models could make some improvements not only in th...

  8. Economic miracles: Valuable economic lessons for developing nations

    Directory of Open Access Journals (Sweden)

    Alexander Maune

    2015-11-01

    Full Text Available This article, a literature review of Israel`s economic miracles, examines the secrets behind the transformation of Israel, a Start-up Nation slightly smaller than New Jersey or Wales born in 1948 with a population of around seven million, to become an Innovation Nation with more companies listed on the National Association of Securities Dealers Automated Quotations (NASDAQ outside the United States of America. The article further examines the unique conditions existing in Israel which are luring technology companies and global investors. On the whole, it was established that Israel has managed to achieve economic development through its innovativeness that has come as a result of many factors some of which are discussed in this article. The author broadens the context of his conclusions by taking into consideration some of the concluding remarks by Israel `s Prime Minister Benjamin Netanyahu`s 2014, Davos World Economic Forum address. This article will go a long way in influencing government policy implementation. This article has therefore business and academic value.

  9. Capitalizing on Crisis: Venture Philanthropy's Colonial Project to Remake Urban Education

    Science.gov (United States)

    Lipman, Pauline

    2015-01-01

    This article focuses on the increased power of venture philanthropy to shape education in urban communities of color in the USA. The author situates venture philanthropy's expanded influence in urban school districts in the nexus of urban disinvestment, neoliberal governance, wealth concentration, and economic crisis. The author argues that…

  10. Investment Timing for New Business Ventures

    OpenAIRE

    George W. Blazenko; Andrey D. Pavlov

    2010-01-01

    A key requirement for the start of many entrepreneurial businesses is private equity or venture capital financing. In the traditional approach to entrepreneurial investment analysis, an entrepreneur starts a new venture and a venture capitalist finances the new venture when business return exceeds the financial opportunity cost for comparable risk the cost of capital for the new venture. The real options literature recommends that entrepreneurs delay business start due to investment irreversi...

  11. Neighborhood Energy/Economic Development project

    Energy Technology Data Exchange (ETDEWEB)

    1991-12-31

    Energy costs impact low income communities more than anyone else. Low income residents pay a larger percentage of their incomes for energy costs. In addition, they generally have far less discretionary energy use to eliminate in response to increasing energy prices. Furthermore, with less discretionary income, home energy efficiency improvements are often too expensive. Small neighborhood businesses are in the same situation. Improved efficiency in the use of energy can improve this situation by reducing energy costs for residents and local businesses. More importantly, energy management programs can increase the demand for local goods and services and lead to the creation of new job training and employment opportunities. In this way, neighborhood based energy efficiency programs can support community economic development. The present project, undertaken with the support of the Urban Consortium Energy Task Force, was intended to serve as a demonstration of energy/economic programming at the neighborhood level. The San Francisco Neighborhood Energy/Economic Development (NEED) project was designed to be a visible demonstration of bringing the economic development benefits of energy management home to low-income community members who need it most. To begin, a Community Advisory Committee was established to guide the design of the programs to best meet needs of the community. Subsequently three neighborhood energy/economic development programs were developed: The small business energy assistance program; The youth training and weatherization program; and, The energy review of proposed housing development projects.

  12. Institutional Cognitive Economics: some recent developments

    OpenAIRE

    Gigante, Anna Azzurra

    2013-01-01

    By investigating the connection between mind working and institutional processes, Institutional Cognitive Economics turns out to be the most appropriate in order to overcome some limits in New Institutional Economics. This leads us to develop further this approach. This paper integrates F. Hayek’s theory on knowledge production and A. Bandura’s social cognitive theory with the fertile contributions coming from Self-Organization approach and cognitive path-dependence, by considering also the r...

  13. Economic Development and "National Competitive Advantage"

    OpenAIRE

    J.T., Goode

    2002-01-01

    Despite the preponderance of economic theory and research which argues to the contrary, the notion that national economies stand in a fundamentally competitive relationship with one another remains surprisingly widespread. In recent years, some of the most influential impetus for this misperception has come from Michael Porter's conceptualization of "the competitive advantage of nations" in relation to economic development and date theory. It is argued that Porter neither proposes nor demonst...

  14. Management Approach for Earth Venture Instrument

    Science.gov (United States)

    Hope, Diane L.; Dutta, Sanghamitra

    2013-01-01

    The Earth Venture Instrument (EVI) element of the Earth Venture Program calls for developing instruments for participation on a NASA-arranged spaceflight mission of opportunity to conduct innovative, integrated, hypothesis or scientific question-driven approaches to pressing Earth system science issues. This paper discusses the EVI element and the management approach being used to manage both an instrument development activity as well as the host accommodations activity. In particular the focus will be on the approach being used for the first EVI (EVI-1) selected instrument, Tropospheric Emissions: Monitoring of Pollution (TEMPO), which will be hosted on a commercial GEO satellite and some of the challenges encountered to date and corresponding mitigations that are associated with the management structure for the TEMPO Mission and the architecture of EVI.

  15. Application for Underground Injection Control Permit for the PUNA Geothermal Venture Project

    Energy Technology Data Exchange (ETDEWEB)

    None

    1989-06-01

    Puna Geothermal Venture (PGV) plans to construct and operate the 25 MW Puna Geothermal Venture Project in the Puna District of the Island of Hawaii. The project will drill geothermal wells within a dedicated 500-acre project area, use the produced geothermal fluid to generate electricity for sale to the Hawaii Electric Light Company for use on the Island of Hawaii, and inject all the produced geothermal fluids back into the geothermal reservoir. Since the project will use injection wells, it will require an Underground Injection Control (UIC) permit from the Drinking Water Section of the State of Hawaii Department of Health. The PGV Project is consistent with the State and County of Hawaii's stated objectives of providing energy self-sufficiency and diversifying Hawaii's economic base. The project will develop a new alternate energy source as well as provide additional information about the nature of the geothermal resource.

  16. Economic Development and Development of Human Resources

    Directory of Open Access Journals (Sweden)

    Metod Černetič

    1998-12-01

    Full Text Available Černetič deals with certain dilemmas and problems related to employee training within companies, and discusses the complexity of the relationship between technological development and education, developmental gap between the developed and underdevdoped economies, and the goals of social development in Slovenia. Cernetič stresses that training programmes should above all provide flexibility of employment; the competitive edge of an entire state actually depends on effective use of human resources. Slovenia cannot exert any substantial influence on the global economy, it can only follow the main market trends. Knowledge is therefore of great importance, as the wealth of smaller nations is primarily based on the education level of their inhabitants.

  17. A Dream Experiment in Development Economics

    Science.gov (United States)

    Singh, Prakarsh; Russo, Alexa

    2013-01-01

    In this article, the authors discuss a unique project carried out by 13 teams of four students each in the undergraduate Development Economics class during the 2012 spring semester at a private liberal arts college. The goal of the "Dream Experiment" was to think of an idea that promotes development, employs concepts from development…

  18. Financial development, uncertainty and economic growth

    NARCIS (Netherlands)

    Lensink, B.W.

    By performing a cross-country growth regression for the 1970-1998 period this paper finds evidence for the fact that the impact of policy uncertainty on economic growth depends on the development of the financial sector. It appears that a higher level of financial development partly mitigates the

  19. The Organization for Economic Cooperation and Development

    Science.gov (United States)

    2013-10-30

    India , Indonesia, and South Africa with a view toward possible membership. The member countries rely on the OECD Secretariat in Paris to collect...science and technology, internet, tax and anti-bribery standards, gender , green growth; public management; and globalization and development. One... inequality that arises from necessary economic adjustments. In addition, the initiative will address the needs and issues of developing countries

  20. Essays in development economics and public finance

    NARCIS (Netherlands)

    Hoseini, Mohammad

    2015-01-01

    This dissertation studies a range of topics in development economics and public finance. The first two chapters contain empirical studies on India addressing the impact of financial development on poverty and informality. Using time and state-level variation across Indian states, the first study

  1. 'Soft' human resource management in small international joint ventures

    DEFF Research Database (Denmark)

    Dao, Li

    2012-01-01

    This paper examines the value creation aspects of HRM in international joint ventures of a relatively small size and their implications for strategic management. We assume that HRM in this context is rather a process than a function, and a ‘soft’ – humanistic rather than a ‘hard’, instrumentalist...... of joint venture autonomy. A conceptual framework developed from these empirical insights invites further generalizing efforts, and more importantly, contributes to a dynamic understanding of HRM in small IJVs....

  2. Fire and EMS Districts, This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities within Yuma County, Published in 2010, 1:2400 (1in=200ft) scale, City of Yuma Government.

    Data.gov (United States)

    NSGIC Local Govt | GIS Inventory — Fire and EMS Districts dataset current as of 2010. This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities...

  3. Theories of International Economic Development (Case Study: Economic Development in Kosovo

    Directory of Open Access Journals (Sweden)

    MSc. Bardhok Bashota

    2012-06-01

    Full Text Available Karl Popper rightly says that “real starting point for each research is set based on assumptions of reality, not only based on the real facts”. The text below was prepared In accordance with this logic, where the Theories of International Development are treated especially focusing on International Economic Development. Therefore, theoretical reflections present assumption side, and study of many empirically measured data will correspond with real facts, because with ought these facts assumption would be useless. Technically this writing consists of two parts: in the first part are elaborated all theoretical and practical characteristics of overall international development, while in a second part as a case study will be Economic Development i Kosovo. From methodological point of view this is a comparative study and based on statistical data, while problem treating approach is critical and explanatory. As it will be understood later, development theories have been decisively influenced by economic thinking, and the focus on this dimension responds best to the nature of the term development. On the other hand the fact of unfolding economical development will reflect interference and the nature of it’s inter politics. Today economic development becomes a worldwide goal, having a considerable place in most of the literature with economic content. Also, here are presented as well examples from different practices that reflect economic development in different periods and places. Here is presented international economic development starting with a brief description of a genealogy of this development and ways of economic development back that time. It is of a special importance elaboration through theoretical approach on the creation of capital and economic development, as  mercantilist theory, classic and neo classic theory, than capitalization and Socialism-Marxism. To better understand the nature of economic development, the focus falls on

  4. Case study applications of venture analysis: fluidized bed. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Mosle, R.

    1978-05-01

    In order to appraise the case for government intervention in the case of atmospheric fluid-bed combustion, Energy Resources Company and Rotan Mosle have developed a methodology containing four key elements. The first is an economic and environmental characterization of the new technology; the second, a survey of its prospective users and vendors; the third, a cost-benefit analysis of its prospective social benefits; and the fourth, an analytical model of its market penetration and the effects thereon of a basket of government incentives. Three major technical obstacles exist to continued AFBC development: feeding coal and limestone reliably to the boiler, tube erosion and corrosion, and developing boiler turndown capability. The review of the economic, environmental and technical attributes of the new technology has suggested that the preliminary venture can be selected with confidence as a commercial prospect capable of detailed evaluation from both private and public perspectives. The venture choice can therefore be considered firm: it will be the equipment required for the combustion of coal in atmospheric fluid beds as applied to industrial process steam in boilers of at least 83 Kpph capacity. The most effective demonstration of the potential of AFBC in the eyes of prospective industrial users is that provided by a project conducted by the private sector with minimal government direction. Unlike the ''experimental'' style of existing mixed public-private demonstration projects, the pressure to achieve reliability in more commercial applications would serve rapidly to reveal more clearly the potential of AFBC. The marketplace can be allowed to decide its fate thereafter. Once AFBC has been successfully demonstrated, the relative merits of AFBC and coal-FGD are best left to prospective users to evaluate.

  5. Economic development: How should we proceed?

    Directory of Open Access Journals (Sweden)

    Stamenković Stojan

    2004-01-01

    Full Text Available This paper attempts to answer the following questions: where were we in a systemic and development sense in October 2000? What changes have occurred in the last three years? What are the main problems regarding economic development and, opposed to them, the created stereotypes? What are the key mistakes from economic aspect? What should be done in the short run and in the medium run? In addition to providing the necessary level of investment as the most important tool of sustainable development and growth in gross domestic product, it is also necessary to ensure: conditions for efficient market functioning, firm and uncompromising legal protection of businesses innovative management, modern technological base. If such conditions are fulfilled, it will be possible to transform the economy, to ensure sustainable economic growth and to regularly service foreign debts. The alternative is a populist scenario, with a short-run rise in living standards and its fall in the medium and long run.

  6. Texaco, carbide form hydrogen plant venture

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that Texaco Inc. and Union Carbide Industrial Gases Inc. (UCIG) have formed a joint venture to develop and operate hydrogen plants. The venture, named HydroGEN Supply Co., is owned by Texaco Hydrogen Inc., a wholly owned subsidiary of Texaco, and UCIG Hydrogen Services Inc., a wholly owned subsidiary of UCIG. Plants built by HydroGEN will combine Texaco's HyTEX technology for hydrogen production with UCIG's position in cryogenic and advanced air separation technology. Texaco the U.S. demand for hydrogen is expected to increase sharply during the next decade, while refinery hydrogen supply is expected to drop. The Clean Air Act amendments of 1990 require U.S. refiners to lower aromatics in gasoline, resulting in less hydrogen recovered by refiners from catalytic reforming units. Meanwhile, requirements to reduce sulfur in diesel fuel will require more hydrogen capacity

  7. CAPITAL STRUCTURE AND VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    Becsky-Nagy Patricia

    2015-07-01

    Full Text Available Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears in the increase of the value of the equity. At the same time with taking active role in the management, agency problem occurs, that complicates the cooperation and the success of exit. In this article we search the answer for the question whether the preferred equity, that are commonly used in the US for bridging the agency problem, are used and able to help Hungarian venture capitalists to manage agency problems. On the other hand we examined how the venture capital affect capital structure, how the venture capitalists value added appear in the capital structure. During the evaluation of the three case studies, we came to the conclusion, that the venture capital investments have positive effect on the liabilities of the enterprises, as the capital structure indexes show. However, the investors need the ownership, which help them to step up resolutely, when things change for the worse, and companies need the expertise, which the investors bring with their personal assistance. The investor’s new attitude also has positive effect on a mature company, which has an experienced leader, because he can show another aspect, as a person who come from outside. During the examination of the capital structure, we cannot disregard the events of the company’s environment, which have effects on the firm. The investor’s decisions also appear different ways. Because of this, every venture capital investment is different, just as the capital structure of the firms, in which they invest.

  8. Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

    Science.gov (United States)

    Romeli, Norsyakilah; Muhamad Halil, Faridah; Ismail, Faridah; Sufian Hasim, Muhammad

    2018-03-01

    As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

  9. Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

    Directory of Open Access Journals (Sweden)

    Romeli Norsyakilah

    2018-01-01

    Full Text Available As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

  10. Urbanization, Economic Development and Environmental Change

    Directory of Open Access Journals (Sweden)

    Shushu Li

    2014-08-01

    Full Text Available This paper applies the pressure-state-response (PSR model to establish environmental quality indices for 30 administrative regions in China from 2003 to 2011 and employs panel data analysis to study the relationships among the urbanization rate, economic development and environmental change. The results reveal a remarkable inverted-U-shaped relationship between the urbanization rate and changes in regional environmental quality; the “turning point” generally appears near an urbanization rate of 60%. In addition, the degree and mode of economic development have significant, but anisotropic effects on the regional environment. Generally, at a higher degree of economic development, the environment will tend to improve, but an extensive economic growth program that simply aims to increase GDP has a clear negative impact on the environment. Overall, the results of this paper not only further confirm the “environmental Kuznets curve hypothesis”, but also expand it in a manner. The analysis in this paper implies that the inverted-U-shaped evolving relationship between environmental quality and economic growth (urbanization is universally applicable.

  11. Spawning Economic Development through Enforcement of ...

    African Journals Online (AJOL)

    conscious planning to eradicate or lessen poverty by ensuring that minimum ... good programming practice such as extending and deepening participation; ensuring local ... instrument of engendering economic development in South Africa; and .... The contractual water right is linked to the third contractarian theory which ...

  12. Economic Reform Orchestra And Technical Manpower Development ...

    African Journals Online (AJOL)

    The study examined economic reform issues in Nigeria since 1986 and the impact on technical manpower development in Rivers State in particular. Two sets of structured questionnaire were used to elicit responses from target respondents who ultimately comprised 105 instructors and 340 final year students in the four ...

  13. Engineering Research in Irish Economic Development

    Science.gov (United States)

    Kelly, John

    2011-01-01

    This article summarizes the main findings and recommendations of a report published in December 2010 by the Irish Academy of Engineering (IAE). The report, representing the views of a committee of distinguished Irish engineers from a wide range of disciplines, addresses the role of engineering research in Ireland's economic development and the…

  14. Economics | Page 23 | IDRC - International Development Research ...

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

    Economics. Économie. Colour. #2C81B5. Building Businesses with Small Producers presents the findings and a comparative analysis of seven case studies that challenge current beliefs about good practice in the provision of business development services (BDS) to small and micro enterprises. The book also highlights ...

  15. Empowering Nigerian youths for national economic development ...

    African Journals Online (AJOL)

    Empowering Nigerian youths for national economic development: the role of ... PROMOTING ACCESS TO AFRICAN RESEARCH ... the aid of test of proportion that entrepreneurship education imparts entrepreneurial skills ... for Researchers · for Journals · for Authors · for Policy Makers · about Open Access · Journal Quality.

  16. Facilitating Economic Development through Strategic Alliances.

    Science.gov (United States)

    Noftsinger, John B., Jr.

    2002-01-01

    Discusses how colleges and universities are becoming increasingly involved in economic development, with the formation of strategic alliances that have led to programs that benefit business and higher education. Discusses example programs from the Valley of Virginia Partnership for Education, and the outreach program of James Madison University.…

  17. Culture, Spirituality, and Economic Development: Opening a ...

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

    1995-01-01

    Jan 1, 1995 ... Current development strategies, however, tend to ignore, often ... values and belief systems be properly integrated into the modern economic ... population and public health, and health systems research relevant to the emerging crisis. ... IDRC and DHSC partner to fight antimicrobial resistance in animals.

  18. Economic development and the geography of institutions

    NARCIS (Netherlands)

    Bosker, E.M.; Garretsen, J.H.

    To explain cross-country income differences, research has recently focused on the so-called deep determinants of economic development, notably institutions and geography. This article shows that it is not only absolute geography, in terms of for instance climate or being landlocked, but also

  19. 15 CFR 295.25 - Special rule for the valuation of transfers between separately-owned joint venture members.

    Science.gov (United States)

    2010-01-01

    ... transfers between separately-owned joint venture members. 295.25 Section 295.25 Commerce and Foreign Trade...-Led Joint Research and Development Ventures § 295.25 Special rule for the valuation of transfers between separately-owned joint venture members. (a) Applicability. This section applies to transfers of...

  20. Tested program for Third World economic development

    Energy Technology Data Exchange (ETDEWEB)

    Lindholm, R.W.

    1977-04-01

    Some of the responsibility for the inability of Western-oriented Third World Countries (1) to make democratic economic institutions work rests upon advisers to American and international financial institutions who recommend principles of economic growth distilled out of Keynesian recipes for an over-saving Western society of the 1930s, and out of aspects of American experience with no applicability elsewhere. Applicable aspects of U.S. experience suggest a program relying on capitalistic drives and using fiscal and monetary policy of the type that proved useful in the development of democratic capitalism in the U.S. in the 19th century.

  1. Economic corridor of industrial development in Indonesia

    Science.gov (United States)

    Berawi, M. A.; Miraj, P.; Sidqi, H.

    2017-12-01

    Indonesia as an archipelago country categorize its regional development into six corridors from Sumatra, Java, Kalimantan, Sulawesi, Bali-Nusa Tenggara and Papua-Maluku. Currently, industrial development becomes one of the highest contributing factors to the national economic growth. However, each region in the nation experience inequality of development mainly related to the infrastructure sector. Thus, the research aims to develop a sustainable economic corridor by considering the characteristics and its potential. The research uses a qualitative approach through a desk study, benchmarking and in-depth interview. Location Quotient is used for the method of the analysis tool. The results show each characteristic of every corridor in the country. Sumatera as national plantation and processing industry corridor, Java as cyber technology innovation and services center, Kalimantan as national energy reserves and processing, Sulawesi as national aquaculture and processing industry, Bali - Nusa Tenggara as national eco-tourism center, and Papua - Maluku as national ore mining and processing.

  2. VIRTUE ETHICS - NEW COORDINATES FOR ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    PUP ANCA

    2010-12-01

    Full Text Available Operating with business ethic we meet, some ethical systems, some of them developed in Antiquity, that still have a great influence upon economics development. One of these is the ethics of virtue. The aim of this paper work is to focus upon the one ethical system virtue ethics and to illustrate his influence in economical field, offering a new coordination in this direction. We understand the importance of the human character for a successful leadership and management. Recent ethical dilemmas illustrate us how a vicious character has an influence not only to the possessor of that type of character but also to the entire community where he develop his activities. For a comprehensive understanding I expose a briefly review on virtue ethics as it was developed by Plato and Aristotle, ant its new coordination and influence upon our contemporaneous economy, illustrated by some examples.

  3. Deep-sea mining: Economic, technical, technological, and environmental considerations for sustainable development

    Digital Repository Service at National Institute of Oceanography (India)

    Sharma, R.

    investment of $1.95 billion as capital expenditure and $9 billion as operating expenditure for a single deep-sea mining venture. In view of high investment, technological challenges and economic considerations, private-public cooperation could be an effective...

  4. Cheyenne-Laramie County Economic Development Strategy

    Science.gov (United States)

    1986-06-01

    Chamber of Commerce John Etchepare Warren Livestock Co. Shirley Francis Laramie County Commissioner Nancy Gire Economic Development Planner, Cheyenne...County Unamounoed 13 Industrial Development Association of Cheyenne- justifloatio Laramie County (IDAC-LC) Greater Cheyenne Chamber of Commerce (GCCC...February 10-21, 1986, in the Greater Cheyenne Chamber of Commerce offices. With a few excep- tions, BBC project team leaders met with each person

  5. Global health funding and economic development.

    Science.gov (United States)

    Martin, Greg; Grant, Alexandra; D'Agostino, Mark

    2012-04-10

    The impact of increased national wealth, as measured by Gross Domestic Product (GDP), on public health is widely understood, however an equally important but less well-acclaimed relationship exists between improvements in health and the growth of an economy. Communicable diseases such as HIV, TB, Malaria and the Neglected Tropical Diseases (NTDs) are impacting many of the world's poorest and most vulnerable populations, and depressing economic development. Sickness and disease has decreased the size and capabilities of the workforce through impeding access to education and suppressing foreign direct investment (FDI). There is clear evidence that by investing in health improvements a significant increase in GDP per capita can be attained in four ways: Firstly, healthier populations are more economically productive; secondly, proactive healthcare leads to decrease in many of the additive healthcare costs associated with lack of care (treating opportunistic infections in the case of HIV for example); thirdly, improved health represents a real economic and developmental outcome in-and-of itself and finally, healthcare spending capitalises on the Keynesian 'economic multiplier' effect. Continued under-investment in health and health systems represent an important threat to our future global prosperity. This editorial calls for a recognition of health as a major engine of economic growth and for commensurate investment in public health, particularly in poor countries.

  6. Global health funding and economic development

    Directory of Open Access Journals (Sweden)

    Martin Greg

    2012-04-01

    Full Text Available Abstract The impact of increased national wealth, as measured by Gross Domestic Product (GDP, on public health is widely understood, however an equally important but less well-acclaimed relationship exists between improvements in health and the growth of an economy. Communicable diseases such as HIV, TB, Malaria and the Neglected Tropical Diseases (NTDs are impacting many of the world's poorest and most vulnerable populations, and depressing economic development. Sickness and disease has decreased the size and capabilities of the workforce through impeding access to education and suppressing foreign direct investment (FDI. There is clear evidence that by investing in health improvements a significant increase in GDP per capita can be attained in four ways: Firstly, healthier populations are more economically productive; secondly, proactive healthcare leads to decrease in many of the additive healthcare costs associated with lack of care (treating opportunistic infections in the case of HIV for example; thirdly, improved health represents a real economic and developmental outcome in-and-of itself and finally, healthcare spending capitalises on the Keynesian 'economic multiplier' effect. Continued under-investment in health and health systems represent an important threat to our future global prosperity. This editorial calls for a recognition of health as a major engine of economic growth and for commensurate investment in public health, particularly in poor countries.

  7. INTERDEPENDENCE OF ENTREPRENEURSHIP – ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    CLAUDIA ISAC

    2013-12-01

    Full Text Available The purpose of this paper, namely to inform about the entrepreneur's importance in the economic development of a country, is based upon the idea of occurrence and development of the entrepreneurial phenomenon and its implications regarding the person who makes the decision to become an entrepreneur and also on the scale and effects that this phenomenon may have on the development of a country and society in general. Thus, after a brief presentation of the qualities an entrepreneur must have we showed that these qualities are not restrictive and implicit for the development of a business, especially in this current dynamic economic environment and training is continuous and flexible. I also pointed out the importance entrepreneurial training has not only on the current or future entrepreneur but also upon the financial environment and on the education of future generations towards a proentrepreneurial attitude and even the formation of an entrepreneurial culture that has proved to be extremely beneficial for the development of the private economic activities within developing countries.

  8. What Determines Joint Venture Termination?

    DEFF Research Database (Denmark)

    Nielsen, Bo Bernhard

    2012-01-01

    Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination. This commen......Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination...

  9. The Impact of Bank and Stock Market Developments on Economic ...

    African Journals Online (AJOL)

    Key Words: Zimbabwe, financial development, bank developments, economic growth, stock ... BOJE: Botswana Journal of Economics. 74 ... data for the sample period 1988-2012 was used in the analysis. ...... Quantitative Economics, Vol.

  10. 24 CFR 598.615 - Economic development standards.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 3 2010-04-01 2010-04-01 false Economic development standards. 598... DESIGNATIONS Empowerment Zone Grants § 598.615 Economic development standards. (a) Economic development... the planned use of HUD EZ Grant Funds must meet one of the following economic development standards...

  11. ECONOMIC GROWTH – COSTS AND DEVELOPMENT DISCREPANCES

    OpenAIRE

    Ion Bucur

    2007-01-01

    The economic growth shows an ascending tendency of the economic evolution over a long period of time, having favorable social and economic effects. Each economic growth factor acts simultaneous trough three dimensions.

  12. Green economic growth premise for sustainable development

    Directory of Open Access Journals (Sweden)

    Carmen Lenuţa TRICĂ

    2013-01-01

    Full Text Available Accelerating the global issues such as natural resource depletion, damage to the natural environment, economic and financial crises and consumption growth led to the shift of the development paradigm from consumption to sustainable development and recognition of the new path, namely green economy.At the European level a number of international organizations discussed issues of transition to green economy (EC, UNEP, OECD. In 2008, UNEP launched “Green Economy Initiative to Get the Global Markets Back to Work”, aiming to mobilize and re-focuse the global economy towards.This is the twin challenge of moving towards a green economy: radically reducing the footprint of developed countries, while simultaneously raising levels of social and material well being in developing countries.Without public intervention, the related market failures (i.e. market prices that do not fully reflect the environmental degradation generated by economic activity may delay or even prevent the development of environmentally-friendly technologies.Furthermore, in sectors such as electricity, network effects arising from existing infrastructures create additional barriers to the adoption of alternative sources of power, further hampering incentives to invest in new technologies.Given that the transition to a green economy requires increasing of investment in economic sectors that contribute to enhancing of natural capital and reduce environmental risks, we intend to analyze the main measures taken by Romania to ensure transition to green economy.

  13. Strategies for environmentally sound economic development

    International Nuclear Information System (INIS)

    Duchin, F.; Lange, G.M.

    1991-01-01

    This paper reports that it has been estimated that the burning of fossil fuels and the clearing of forests account for 6-7 billion tons of carbon emissions each year. Combustion also results in significant emissions of sulfur oxides and nitrogen oxides. While the growth in the use of fuels has slowed considerably in the developed regions of North America, western Europe, and Japan over the past decade, pressure for increased energy use and the clearing of forests can be expected with even moderate economic and population growth in the developing regions of Asia, Africa, and Latin America. Researchers at the Institute for Economic Analysis have begun the formulation and analysis of alternative scenarios describing environmentally sound economic development over the next 50 years. These scenarios include activities aimed at improving the standards of living in developing countries while reducing emissions of the aforementioned gases or removing carbon from the atmosphere. Specific alternatives include tropical forestation; the adoption of relatively clean and efficient boilers, especially for the production of electricity in developing countries, as well as greater use of cogeneration systems and hydroelectricity; alternative transportation strategies; and conservation of energy in households of rich and middle-income countries (e.g., efficient lighting fixtures, appliances, and cooling equipment)

  14. Economics of Sustainable Development. Competitiveness and Economic Growth

    Directory of Open Access Journals (Sweden)

    Dorel AILENEI

    2011-02-01

    Full Text Available Economic growth is one of the most important issues of humanity. Both in national economies and world economy, recession and prosperity periods are regularly succeeding with different amplitudes. But beyond these fluctuations and their effects, the results are important: performance and economic growth. Because of the problematical issue of economic growth, the authors are trying to critically reflect on the economic growth concept and on its implications on the praxis area. Although there is a large literature about economic growth modeling, it is intriguing that there still are some serious obstacles for conceptualization and praxis. Only the simple fact that the economic growth process needs serious thinking on the time dimension is sufficient for understanding the real difficulties of this problematical issue. As for the economic growth praxis, a clear analysis of the interests system within an economy is needed. Without trying to find miraculous solutions for the economic growth issue, the authors suggest a clear and correct analysis of this important subject.

  15. Staged Financing in Venture capital market.

    OpenAIRE

    Damania, Priti

    2009-01-01

    The report shows the venture capital decision making in staged financing from a real option perspective. The report also describes entrepreneur-venture capital relationship from a prisoner's dilemma approach.

  16. Ecological economics, energy, and sustainable development

    International Nuclear Information System (INIS)

    Peet, J.

    1991-01-01

    Conventional techniques of economics, in different countries, do not normally take proper account of increases in the cost of energy (especially oil) that are expected in the next twenty years, or the rapidly declining ability of the environment to absorb wastes and pollutants, especially those resulting from the use of fossil fuels. Unless these factors are included in political-economic decision-making, and paths for future development adjusted to take account of them, many future development options will be severely damaged. In this paper, it is argued that new decision-making principles are urgently needed, in which societies accept that the physics of the environment are dominant, and the desires of people are subject to physical constraints. When future development options are considered, there is therefore a hierarchy of decision-making. Primary decisions depend upon the physics and ecology of the environment, of development, and of resource utilization. These have to be made before secondary decisions which are mainly ethical, and depend upon social and community values. These are best expressed by people, through adult education and the political process. Only then is it possible to make tertiary decisions, which relate to the allocation of resources. These decisions will depend heavily upon the use of economic tools. Several approaches have been proposed for improving political-economic decision-making. Some concentrate on modifications to markets, so they can incorporate ''externalities''. In other approaches, physical understandings are introduced into policy analyses, in order to indicate the constraints that limit development options. Some important techniques are reviewed, and suggestions are made about better methods of decision-making in the future. (author)

  17. Entrepreneurial behaviour and the development of entrepreneurial ecosystems under uncertainty: essays on regenerative medicine venturing at the university-industry boundary

    OpenAIRE

    Johnson, David

    2016-01-01

    Entrepreneurial ecosystems are an important economic consideration but remain an understudied phenomenon. In particular, research emphasising the role of the entrepreneur within entrepreneurial ecosystems is scant. Entrepreneurial universities, particularly the commercialisation activities by academic entrepreneurs, contribute to both the emergence and development of entrepreneurial ecosystems at the university-industry (U-I) boundary. Yet, an understanding of the links between...

  18. THE IMPROVEMENT OF THE CONCEPT OF THE EFFICIENCY OF VENTURE BUSINESS'S ATTRACTION

    Directory of Open Access Journals (Sweden)

    А. Cherednik

    2017-08-01

    Full Text Available The concept of the efficiency of venture business’s attraction was improved in the article. The theoretical foundations of venture business’s concept were explored, four approaches to venture business’s understanding were singled out, and its own definition which fully reflects the essence was developed in the investigation. The author examines the existing approaches to the concepts of effect and efficiency and revealed that efficiency is the ratio of the effect obtained to the costs incurred to achieve it. Also, the author developed the concept of effectiveness of venture business’s attraction.

  19. IMF and economic reform in developing countries

    DEFF Research Database (Denmark)

    Abbott, Philip; Andersen, Thomas Barnebeck; Tarp, Finn

    2010-01-01

    approach is in order. However, the cross-country approach is unlikely to provide a sound basis for drawing clear conclusions, so we review IMF programs from a different perspective, involving a broader literature on development strategy. In particular, it is widely accepted that a common characteristic......In this paper we assess the IMF approach to economic reform in developing countries. The impact of IMF program participation on economic growth has been evaluated empirically in a cross-country literature, with little evidence of IMF programs having been successful. This suggests that a fresh...... of IMF programs is a high degree of policy rigidity. This is in contrast with studies which hold that unleashing an economy's growth potential hinges on a set of well-targeted policy interventions aimed at removing country-specific binding constraints. The process of locating constraints that bind...

  20. Nuclear power and economic development: India

    International Nuclear Information System (INIS)

    Srinivasan, T.N.

    1983-01-01

    It is useful in discussing proliferation problems linked to nuclear power to examine the history of nuclear power in India and the development of her capacity to produce heavy water, fabricate fuel rods, and process spent fuel. The author presents the few published economic analyses of the role of nuclear energy in India's development, then discusses issues relating to the Non-Proliferation Treaty (NPT) from India's point of view. The chapter concludes with some proposals for making the NPT more attractive so that nonsignatories will reconsider their position. One step should be to instill greater confidence that scientists in nonweapons states will be able to pursue their research in nuclear physics and that their electricity planners will have access to nuclear technology if they find it economically viable. A dramatic step toward nuclear disarmament will be the voluntary renunciation of nuclear weapons by one or more of the weapons states. 18 references, 2 tables

  1. The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?

    OpenAIRE

    Simon C. Parker; C. Mirjam van Praag

    2006-01-01

    We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode is associated with higher levels of schooling and wealth, whereas managerial experience, new venture start-up capital requirements and risk promote the takeover mode. Entrepreneurs whose parents run a...

  2. Energy, pollution, and economic development in Tunisia

    Directory of Open Access Journals (Sweden)

    Miniar Ben Ammar Sghari

    2016-11-01

    The rising level of energy consumption that is occurring internationally also is being mirrored at regional and national levels. An interesting case study along these lines is Tunisia, which is one of the high-growth economies in the Middle East and North African area yet lacks sufficient energy supply to satisfy its growing demand. Tunisia looks like many nations around the world with a young population, growing economy, increasing domestic energy consumption, and the need to balance economic development with environmental concerns.

  3. Economic development, climate and values: making policy

    OpenAIRE

    Stern, Nicholas

    2015-01-01

    The two defining challenges of this century are overcoming poverty and managing the risks of climate change. Over the past 10 years, we have learned much about how to tackle them together from ideas on economic development and public policy. My own work in these areas over four decades as an academic and as a policy adviser in universities and international financial institutions has focused on how the investment environment and the empowerment of people can change lives and livelihoods. The ...

  4. Infrastructure development for ASEAN economic integration

    OpenAIRE

    Bhattacharyay, Biswa Nath

    2009-01-01

    With a population of 600 million, ASEAN is considered to be one of the most diverse regions in the world. It is also one of the world's fastest growing regions. ASEAN's aim is to evolve into an integrated economic community by 2015. Crucial to achieving this ambitious target is cooperation in infrastructure development for physical connectivity, particularly in cross-border infrastructure. This paper provides an overview of the quantity and quality of existing infrastructure in ASEAN member c...

  5. 24 CFR 570.203 - Special economic development activities.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 3 2010-04-01 2010-04-01 false Special economic development... § 570.203 Special economic development activities. A recipient may use CDBG funds for special economic... part of an economic development project. Guidelines for selecting activities to assist under this...

  6. National companies : performance, ventures, utility

    International Nuclear Information System (INIS)

    Didier, F.

    1994-01-01

    The author shows how a performing National Company can efficiently contribute, in line with the producing State, to the negotiation with International Companies and the success of large oil ventures contemplated by reserves-short countries. Fully entrepreneurial, the National Company will usefully ''explore'' touchy matters, and bring closer national rationale and petroleum rationale. (Author)

  7. Russian upstream joint ventures logging progress

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that Occidental Petroleum Corp. has begun exporting oil from Russia as part of an enhanced recovery joint venture in western Siberia. Oxy holds a 50% interest in the joint venture company, Vanyoganneft, and will market the oil. In other activity, two Canadian companies are marking progress with Russian upstream joint ventures

  8. Economic development, climate and values: making policy.

    Science.gov (United States)

    Stern, Nicholas

    2015-08-07

    The two defining challenges of this century are overcoming poverty and managing the risks of climate change. Over the past 10 years, we have learned much about how to tackle them together from ideas on economic development and public policy. My own work in these areas over four decades as an academic and as a policy adviser in universities and international financial institutions has focused on how the investment environment and the empowerment of people can change lives and livelihoods. The application of insights from economic development and public policy to climate change requires rigorous analysis of issues such as discounting, modelling the risks of unmanaged climate change, climate policy targets and estimates of the costs of mitigation. The latest research and results show that the case for avoiding the risks of dangerous climate change through the transition to low-carbon economic development and growth is still stronger than when the Stern Review was published. This is partly because of evidence that some of the impacts of climate change are happening more quickly than originally expected, and because of remarkable advances in technologies, such as solar power. Nevertheless, significant hurdles remain in securing the international cooperation required to avoid dangerous climate change, not least because of disagreements and misunderstandings about key issues, such as ethics and equity. © 2015 The Author(s).

  9. The Ramakrishna Mission economic PV development initiative

    Energy Technology Data Exchange (ETDEWEB)

    Stone, J.L.; Ullal, H.S. [National Renewable Energy Lab., Golden, CO (United States); Sherring, C. [Sherring Energy Associates, Princeton, NJ (United States)

    1998-09-01

    India is the world`s second most populous country, quickly approaching one billion persons. Although it has a well-developed electricity grid, many of the people have little or no access to electricity and all of the benefits associated with it. There are areas that are isolated from the grid and will not be connected for many years, if ever. One such area is the Sundarbans located in the delta region of the two great rivers, the Ganges and Brahmaputra, partially in India and partially in Bangladesh. It is estimated that 1.5 million people live in this area, crisscrossed by many islands and rivers, who have only marginal supplies of electricity generated primarily from diesel generators and batteries. Working with the regional non-governmental organization (NGO), the Ramakrishna Mission, and the West Bengal Renewable Energy Development Agency, the governments of India and the US initiated a rural electrification initiative to demonstrate the economic and technical feasibility of photovoltaics to provide limited supplies of electricity for such applications as solar home lighting systems (SHS), water pumping, vaccine refrigeration, communications, and economic development activities. This paper details initial results from approximately 30 kilowatts of PV systems installed in the area, including socio-economic impacts and technical performance.

  10. Value contributions of the venture capitalist in Mexico: building an exit for the investment

    Directory of Open Access Journals (Sweden)

    Enrique Wiencke

    2017-10-01

    Full Text Available Venture capitalists provide money and non-monetary contributions to high-growth ventures to help them become great companies. Although it is known that these contributions have an impact on the growth of the firm, little is known in Mexico of their nature, how they get into the venture, and how they contribute to the development of the company. The present article reports a proposed substantive theory that explains how the venture capitalist work hand in hand with the entrepreneur to grow the company. This substantive theory emerged from data collected through interviews to nine venture capitalists and nine entrepreneurs, and analyzed as proposed by the grounded theory methodology. The resulting substantive theory acknowledges that contributions of venture capitalists, often called value-added, are relative to building an exit for the investment.

  11. Labor markets and economic development in Malaysia.

    Science.gov (United States)

    Smith, J P

    1991-01-01

    A researcher analyzed data on male workers from 1262 households from Peninsular Malaysia (1976-1977 Malaysian Family Life Survey) to identify the leading effects of economic development for earnings and employment patterns within labor markets. All 3 major ethnic groups in Malaysia profited from the increasing levels of real income over time. The relative income of ethnic Malays, the poorest socioeconomic class, increased more so than the Chinese and Indians. Yet the income of Chinese was 108% higher than Malays and that of Indians was 60%. The difference between Malays and Chinese grew considerably as men aged. Further economic growth resulted in higher earnings for young men than for older men. In addition, the more educated men were the higher their earnings. In fact, education was the most significant determinant of time related growth in incomes. Further, income of men who participated in job training programs grew 2 times as fast than that of men who did not participate in job training programs. Lastly, economic growth increased earnings of men in urban areas more so than those in rural areas. Malaysia had put a lot of time and resources in research and development in rubber and rice production which has resulted in continual introduction of new varieties of rubber trees and rice. These new varieties have increased production considerably. In conclusion, Malaysia was able to experience economic growth because it invested in education and job training for male workers and in research and development to advance production of its 2 most important commodities--rubber and rice.

  12. Role of oil imports in economic development

    International Nuclear Information System (INIS)

    Madduri, V.B.N.S.; Radhika, G.

    1990-01-01

    This paper reports that energy has a vital role to play in a developing economy. The process of industrialization calls for continuous increase in energy use. In general, the greater the use of energy, the higher the economy is placed in the order of developed countries. Countries with high per-capita income have a high consumption level of energy too. On a per-capita basis, energy consumed in U.S.A. is 51.7 barrels of oil equivalent per year while in India, it is 0.9 barrels of oil equivalent only. Therefore, energy consumption, industrial development and economic growth are interlinked. Energy became a significant part in the process of development. In the case of developing countries, any change in the price of oil has a negative effect on economic growth. It was stated in one of the Oil and Natural Gas Commission reports that a fivefold increase in the international price of oil, in real terms, over the past 15 years has had profound effects on balance of payments and growth prospects in developing countries

  13. E-Learning and Economic Development

    Directory of Open Access Journals (Sweden)

    Kelly CAREY

    2005-01-01

    Full Text Available E-Learning and Economic Development Kelly CAREY West Valley College Saratoga, CA, USA Stanko BLATNIK Institute for Symbolic Analysis and Development of Information Technologies Velenje, SLOVENIA ABSTRACT In this article, our experience in the development and realization of e-Learning courses in Slovenia is described and discussed. Slovenia, the most developed republic of former Yugoslavia, became an EU member in May 2004. In 1991, after its independence from Yugoslavia, Slovenia’s transition to a free market economy resulted in lost jobs and an unemployment rate of 12%. In 1999, as the Institute for Symbolic Analysis and Development of Information Technologies, located in Velenje, Slovenia, we decided to offer several online courses to help unemployed people gain the skills and knowledge needed for employability in information technology. We drew on our previous experience teaching online courses at Sarajevo University after the Bosnian war and on the experience of West Valley College from Saratoga, Silicon Valley in e-Learning. Over the last four years, we organized and delivered e-Learning courses in digital media design and production, with good results. Several students found jobs and changed their perception and attitude as they became more self-confident. We believe e-Learning can efficiently enhance lifelong learning and support economic development, especially in new member countries transitioning from former socialistic to free market economies.

  14. Coal, economic development and the environment

    International Nuclear Information System (INIS)

    Tallboys, Richard.

    1995-01-01

    This paper discusses the current importance of coal to the world's energy supply. It outlines its growing importance as a fuel for many developing economies around the world and for the most dynamic industrialised countries of Asia. It then refers to the key environmental issues that are involved in a growing worldwide use of coal and emphasises the role that coal will increasingly play in generating the electricity that accompanies an improving standard of living for the world's poor. Finally, the environmental consequences of economic development by and for those who want to live at a standard of living that Australians take for granted are discussed. 4 tabs

  15. Home economics in development through action research

    DEFF Research Database (Denmark)

    Benn, Jette

    2010-01-01

    This research study aimed at describing and developing home economics education through an action research approach in 2 schools and classes grade 6. The study went through 3 phases, an explorative phase with preliminary observations, interviews and discussions with teachers and pupils. Next...... in discursive phase changes have been implemented and conducted in accordance with findings. Third phase the explicative phase results were translated into text books for pupil's grade 4 to7 and to a teachers' guide. The subject is analysed theoretical through a model of the subject and research field. Findings...... and suggestions were discussed in relation to theories of learning, education and home economics. The overall perspectives were to involve pupils, to make them responsible by active and critical participation, and lastly to evaluate education in different ways....

  16. Energy and economic development (environmental implications)

    International Nuclear Information System (INIS)

    Zorzoli, G.B.

    1992-01-01

    An examination, for developed countries, of significant correlations among economic growth, electric energy intensity and elasticity, per capita values of gross national product and greenhouse gas emissions, indicates notable possibilities for a healthier global environment with increased world-wide diffusion of clean and rational energy use technologies coupled with substantial economic growth. This scenario, however, is contrasted by worrisome doubts as to the chances for a successful outcome of recently proposed tenable growth policies when it is pointed out that forecasts, based on current demographic trends, call for a doubling of the world population in the near future. The foreseen unrestrained population explosion, leading to an unprecedented proliferation in the use of fossil fuels, now appears to represent the most serious threat to the global environment

  17. Fiscal 1999 achievement report on the venture business assisting type regional consortium - Minor business creation base type. Development of sodium hypochlorite activating system; 1999 nendo venture kigyo shiengata chiiki consortium kenkyu kaihatsu seika hokokusho. Jiaensosan natrium kasseika sochi no kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    The aim is to develop and widely diffuse a cleaning, sterilizing, and disinfecting system (chemicals and device) which is nearer to the best. A safety-conscious diluting/mixing technology was developed by which acid and sodium hypochlorite were mixed without generating any noxious gas. Using this technology, a mixing tube was developed, capable of homogeneously diluting chemicals in raw water and mixing them homogeneously. How the dilution and mixing occurred in the mixing tube was measured by an electric conductivity meter for evaluation, data on the state of diluting of the solution were plotted in a graphic chart for study, a comprehensive deliberation was made of performance, cost, etc., and then a device was experimentally constructed. A concentration level detecting sensor section and a metering pump were developed. The pH adjustment and disinfecting effect were assessed using various acids, and then it was found that the acetic acid was the most suitable in view of safeness, disinfecting effect, stability, and ease of adjustment. Based on the result of a comprehensive technical survey, a system was designed suitable for artificial dialysis, food processing, and cleaning and disinfecting of endoscopes. A prototype was built, and the development effort progressed to reach a level where a prototype was built and subjected to a field test. (NEDO)

  18. Christian Church: A Catalyst for Economic Development in Nigeria

    African Journals Online (AJOL)

    Toshiba

    The issue of economic development is of national concern. The. Nigerian economy ..... The Christian church has provided both moral and economic impetus ... posits that the church needs to concentrate on the business of creating economic ...

  19. Academic entrepreneurship in support of business ventures

    Directory of Open Access Journals (Sweden)

    Maciej Rogalski

    2009-12-01

    Full Text Available nnovative enterprises based on scientific research conducted by academic centres are beginning to play an increasingly important role in modern economy. Opening to business ventures as well as building up abilities to release entrepreneurial potential among research workers, students and candidates for doctoral degree, constitute an attractive way for the growth of higher education institutions in many regions and countries. The aim of the article is to point out the significance, peculiarity and conditioning of the academic entrepreneurship development in Poland.

  20. THERE IS INFLUENCE IN DEVELOPMENT OF COMPANIES WHICH BUILT STOCK, WITH SUPPORT OF INVESTIMENT FUND PRIVATE EQUITY AND VENTURE CAPITAL? EVIDENCES OF ENTRANT COMPANIES AT BOVESPA

    Directory of Open Access Journals (Sweden)

    Caciano Gianechini

    2013-09-01

    Full Text Available This work seeks to identify the impact of the participation of Private Equity funds and Venture Capital (PE/VC, the performance of companies that owned the contribution prior to the opening of capital (IPO. In a more objective the present study seeks to investigate whether companies that opened capital, financed by PE/VC, have performed better than the other formerly the Brazilian stock market debut. The sample of work consists of 116 companies that made the initial public offering (IPO in the São Paulo Stock Exchange (BOVESPA in the period January 2004 to December 2009. First identified that 41 enterprises debuted at BOVESPA being financed by PE/VC funds. Furthermore, the results indicate that the influence of PE/VC funds tend to improve some indices of profitability and market of companies after the IPO. In summary, the evidence found lead to the conclusion that the organizations of private equity and venture capital influence positively the performance of investee companies.

  1. Economic Geography and Economic Development in Sub-Saharan Africa

    NARCIS (Netherlands)

    Bosker, Maarten; Garretsen, Harry

    2012-01-01

    Sub-Saharan Africas (SSA) physical geography is often blamed for its poor economic performance. A countrys geographical location does, however, not only determine its agricultural conditions or disease environment. It also pins down a countrys relative position vis--vis other countries, affecting

  2. Franchising technologies for sustainable economic development

    Directory of Open Access Journals (Sweden)

    Ganebnykh Elena

    2018-01-01

    Full Text Available The article describes factors of environmental change that cause the need to form new forms of interaction between economically active market subjects for sustainable development of territories. The authors of the article analyze franchising as one of the most flexible forms of interaction in small business. Modern trends in small business show a gradual merger of the production of goods and their trade with the provision of services. It leads to the necessity to create a fundamentally new mechanism that meets the needs of the modern market. The article proposes a new complex model of franchising which combines all the specified forms.

  3. Environmental and economic benefits of sustainable development

    International Nuclear Information System (INIS)

    McKay, P.; Kelly, B.; Passmore, J.

    1997-01-01

    The panel on sustainable development was moderated by Paul McKay of the Wildside Foundation. Bryan Kelly, Director of Environment and Sustainable Development at Ontario Hydro, and Jeffrey Passmore of Passmore Associates International were the panel members. Bryan Kelly described the objectives of his group's program as reducing market barriers, and get renewables on a level playing field through technological advances to ensure that ' when Ontario Hydro or its successors make decisions about new capacity, renewables will be a viable option and will not be dismissed out of hand'. To illustrate the approach, he described several ongoing research and development projects. Jeffrey Passmore reported on a study he conducted for the Canadian Wind Energy Association and Environment Canada to determine the environmental and economic benefits of wind energy in Canada. He estimated achievable wind energy potential in Canada at around 6400 MW by 2010. He stressed wind energy's potential for job creation and CO 2 reduction as the principal economic and environmental benefits

  4. In Search of a Sustainable Economic Development Agenda in ...

    African Journals Online (AJOL)

    In Search of a Sustainable Economic Development Agenda in Ghana since ... for a sustainable economic development agenda to better the lives of her citizens. ... that could surpass all interests to guide the country‟s development course.

  5. Electric power, emissions and economic development

    International Nuclear Information System (INIS)

    Pearson, P.

    1996-01-01

    Energy use in the developing world has been growing rapidly over recent decades, both absolutely and relative to the growth in industrialized countries albeit from a very low base. In the next century, developing country commercial energy consumption in general and electricity consumption in particular, is expected to continue to rise with striking rapidity because of population growth, income growth and substitution of modern commercial fuels for traditional biomass fuels. Because the power sector is one of the fastest-growing energy sectors, it raises significant domestic environmental issues, while the sector's role in global warming scenarios has made it a key feature of international environmental policy. This paper focuses on the relationships between economic development, electric power and polluting emissions. 10 refs

  6. ECONOMIC FREEDOM – A CATALYST FOR DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Rozalia Iuliana KICSI

    2014-12-01

    Full Text Available Liberal doctrine, in its various attempts to find legitimacy, has exerted a real influence on the ”architecture” of the world economy. Liberal rhetoric, validated by historical reality, has shown that liberalism, through its virtues, design a proper environment for both individuals and nations development. In this equation of development the catalytic role of economic freedom and free trade was a theme of reflections during the evolution of many nations, but emphasis on the quantitative dimensions was obvious. In the last decades, attention has been focused on the quality of development too, understanding that the wealth of a nation is reflected not only in the improvement of macroeconomic indicators, but in the better quality of individuals’ life.

  7. The economic impact of recreation development: a synopsis

    Science.gov (United States)

    Wendell G. Breadsley

    1971-01-01

    Economic impacts per dollar of tourist expenditure have generally been found to be low compared to other economic sectors in local less-developed areas where recreation development is often proposed as a stimulus for economic growth. Tourism, however, can be economically important where potential or existing recreation attractions can encourage tourist spending in...

  8. Economic Development, Education and Transnational Corporations. Routledge Studies in Development Economics

    Science.gov (United States)

    Hanson, Mark

    2011-01-01

    This book focuses on the questions of: why do some economically disadvantaged nations develop significantly faster than others, and what roles do their educational systems play? As case illustrations, in the early 1960s Mexico and South Korea were both equally underdeveloped agrarian societies. Since that time, the development strategies pursued…

  9. Operational slack and venture survival

    OpenAIRE

    Azadegan, Arash; Patel, Pankaj; Parida, Vinit

    2013-01-01

    Slack can act as a double-edged sword. While it can buffer against environmental threats to help ensure business continuity, slack canalso be costly and reduce profitability. In this study, we focus on operational slack, the form related to the firm’s production processes. We investigate the role of operational slack on firm survival during its venture stage, when its survival is significantly challenged by environmental threats. Specifically, we explore how change in three types of environme...

  10. Contribution to Quebec's economic development: Development plan 1993

    International Nuclear Information System (INIS)

    1992-01-01

    The activities of Hydro-Quebec are analyzed from the standpoint of their contribution to economic development and their support of regional development. The structuring effects of Hydro-Quebec's electricity supply activities are described, specifically the utility's role as an employer and an important agent of economic development by virtue of its purchasing power. The role played by research and development activities in the technological development of Quebec is discussed along with the contribution of those activities to new industrial developments. Finally, the impacts of electricity use on industrial development are considered. An analysis is presented of Hydro-Quebec's marketing activities and the options they afford. These marketing activities are aimed mainly at supporting economic development. The availability of reasonably priced electricity enhances the competitiveness of all industrial sectors, especially those for which electricity is a factor in siting. Furthermore, Hydro-Quebec can use its marketing activities to reinforce this comparative advantage. Hydro-Quebec can also support regional development by decentralizing operations, standardizing rates, and extending its marketing activities to the regions. 2 tabs

  11. Practical issues in selecting a joint venture partner

    International Nuclear Information System (INIS)

    Hillary, R.B.

    1999-01-01

    Some general issues regarding joint ventures and how they come about were discussed. The first section of the presentation identified potential joint venture candidates as being gas suppliers, project developers, steam hosts, financiers, facility owners, fuel managers and non-regulated utility affiliates. An explanation of the joint venture process and the motives driving it was then presented. There are many sources of potential conflicts of interest in a cogeneration venture. These include changes in either deregulation, prices markets, competitive environment or financial position of participants. Another section of this paper discussed some of the lessons learned from forced cogeneration restructuring and buyouts. Three examples of cogeneration projects which did not survive the challenges of partnership were presented. These included the New York cogeneration project at a manufacturing plant, the Pacific Northwest cogeneration project at a refinery, and the Quebec City cogeneration project at a pulp and paper mill. The last section of this paper discussed the pros and cons of joint venture and other types of deals

  12. How does venture capital operate in medical innovation?

    Science.gov (United States)

    Lehoux, P; Miller, F A; Daudelin, G

    2016-07-01

    While health policy scholars wish to encourage the creation of technologies that bring more value to healthcare, they may not fully understand the mandate of venture capitalists and how they operate. This paper aims to clarify how venture capital operates and to illustrate its influence over the kinds of technologies that make their way into healthcare systems. The paper draws on the international innovation policy scholarship and the lessons our research team learned throughout a 5-year fieldwork conducted in Quebec (Canada). Current policies support the development of technologies that capital investors identify as valuable, and which may not align with important health needs. The level of congruence between a given health technology-based venture and the mandate of venture capital is highly variable, explaining why some types of innovation may never come into existence. While venture capitalists' mandate and worldview are extraneous to healthcare, they shape health technologies in several, tangible ways. Clinical leaders and health policy scholars could play a more active role in innovation policy. Because certain types of technology are more likely than others to help tackle the intractable problems of healthcare systems, public policies should be equipped to promote those that address the needs of a growing elderly population, support patients who are afflicted by chronic diseases and reduce health disparities.

  13. African Economic Development and Colonial Legacies

    Directory of Open Access Journals (Sweden)

    Gareth Austin

    2010-03-01

    Full Text Available This article reviews how colonial rule and African actions during the colonial period affected the resources and institutional settings for subsequent economic development south of the Sahara. The issue is seen from the perspective of the dynamics of development in what was in 1900 an overwhelmingly land-abundant region characterised by shortages of labour and capital, by perhaps surprisingly extensive indigenous market activities and by varying but often low levels of political centralisation. The differential impact of French and British rule is explored, but it is argued that a bigger determinant of the differential evolution of poverty, welfare and structural change was the contrast between “settler” and “peasant” economies.

  14. Financial Structure and Economic Development in Nigieria

    Directory of Open Access Journals (Sweden)

    Ph. D. Olusegun Olowe

    2012-05-01

    Full Text Available In this study , the measurement of the Nigerian financial interrelation ratio was considered in line with the structure and development of financial system between 1999 and 2008 with a view to examining the incidences of the financial liberalization . The financial intermediation role for Nigeria on current basic prices was computed to determining the extent of stability and /or positive cum negative changes. This is to ensure the involvement of government as well as thedegree of financial institutions’ involvement in the economic growth and development of the country. In essence, the results of this study will be of relevance to formulate and execute policy formulation in its entirety. The result of the study revealed a pure neglect in the country with emphasis on financial intermediation. The earlier we put an enhanced financial structure in place, , the better for the economy.

  15. 24 CFR 1003.203 - Special economic development activities.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Special economic development... Eligible Activities § 1003.203 Special economic development activities. A grantee may use ICDBG funds for special economic development activities in addition to other activities authorized in this subpart which...

  16. What differences in the cultural backgrounds of partners are detrimental for international joint ventures?

    NARCIS (Netherlands)

    H.G. Barkema (Harry); G.A.M. Vermeulen (Freek)

    1997-01-01

    textabstractAn international joint venture implies that a firm has to cooperate with a partner with a different cultural background. In this study, hypotheses about which differences in national culture are most disruptive for international joint ventures were developed and tested using Hofstede's

  17. Nascent ventures competing for start-up capital: matching reputations and investors

    NARCIS (Netherlands)

    Ebbers, J.J.; Wijnberg, N.M.

    2012-01-01

    Although nascent ventures have not yet developed a performance-based reputation, the individual reputations of their founders, based on the performance of their earlier ventures, can function as important signals to investors. Selection system theory distinguishes between different types of

  18. Inclusive Institutions for Sustainable Economic Development

    Directory of Open Access Journals (Sweden)

    Jakšić Miomir

    2018-01-01

    Full Text Available In recent two decades, due to contributions of political macroeconomics, the focus of macroeconomics turned away from a narrow perspective based on market and privatisation (market fundamentalism towards a broader perspective based on institutions and values (institutionalism. Within the institutional paradigm, the emphasis nowadays is put on inclusive institutions. The main thesis of one of leading proponents of political macroeconomics, D. Acemoglu, is: “growth is much more likely under inclusive (economic and political institutions than extractive institutions.” Good institutions are characterized by three attributes: 1 they establish and protect property rights; 2 they restrict social elites which strive to expropriate income and property of others members of society; 3 they provide equal chances for employment, social security and civil rights to all individuals. Good institutions contribute to political stability, successful macroeconomic policy, and enhance initiatives. The key role of institutions is to secure stability and continuity. Extractive institutions can negatively affect entrepreneurship and entire economic development in two ways: a by increasing the opportunity cost, resulting in upward movement of the opportunity cost curve; and b by affecting return to entrepreneurship resulting in leftward movement of the return to entrepreneurship curve. Apart from independence and accountability of institutions what is needed is sufficient level of inclusion. Inclusion should encompass three dimensions: personal, financial, and political. The introduction of principles of independence, accountability, and inclusion is essential for emergence and performance of all institutions.

  19. 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.

  20. Managing international joint venture relationships - A longitudinal perspective

    NARCIS (Netherlands)

    Hyder, A.; Ghauri, P.N.

    The purpose of the study is to describe and analyse the formation and development of international joint venture processes and relationships between the partners over time. Moreover, the study analyzes how far foreign partners have been successful in developing new contacts and in expanding their

  1. Empirical analysis of relationship between accessibility and economic development.

    Science.gov (United States)

    2003-07-01

    The main goal of this paper is to investigate the impact of accessibility changes on : the level of economic development in a given region. In this paper, we introduce : several types of accessibility measures while economic development is quantified...

  2. Feminist Development Economics : An Institutional Approach to Household Analysis

    NARCIS (Netherlands)

    I.P. van Staveren (Irene); O. Odebode (Olasunbo)

    2014-01-01

    markdownabstract__Abstract__ In this chapter, we argue that an institutional approach to feminist development economics provides deeper understandings to how gender inequalities function in economic processes in developing countries. We do this in three ways. First, we distinguish between

  3. Venturing Further Into Space

    Institute of Scientific and Technical Information of China (English)

    YIN PUMIN

    2011-01-01

    China's first unmanNed space module Tiangong-Ⅰ,or Heavenly Palace-Ⅰ,successfully lifted off from the Jiuquan Satellite Launch Center in northwest China's Gansu Province on September 29."The successful launch of the 8.5-ton prototype space laboratory has opened the gates for China's deep space exploration program," said Qi Faren,former chief designer of China's Shenzhou spacecraft.“It is a decisive leap forward for the Chinese space industry and will bring about the rapid development of space science and related techologies."

  4. BP/Mobil. Joint-venture directions for use

    International Nuclear Information System (INIS)

    Anon.

    1997-01-01

    This paper analyzes the economical reasons which have led BP and Mobil companies to join their forces in 1996. Thanks to their complementarity and to their European implantation, the two companies could win the first or second position in petroleum products marketing in 8 European countries. The cumulated petrol sales and the number of petrol stations of the BP/Mobil joint venture are the highest in Europe (800 petrol stations in France). (J.S.)

  5. Study on promotion of venture business

    International Nuclear Information System (INIS)

    Kim, Hwa Sup; Song, Ki Dong; Chung, Whan Sam; Pae, Jang In; Choi, Young Duck; Rhee, Yong Duck; Kim, Seung Sim; Jeon, Hyoung Won

    2002-10-01

    This study reviewed the concepts of venture business and surveyed venture business support system nationwide. The venture business support system is summarized in depth to help the pre-entrepreneurs under establishing venture business. This study also reviewed the technology management system of KAERI and surveyed its historical accomplishment of technology transfer. Then, this study suggested its future direction by surveying the system of advanced countries and also suggested the measures to meet the future direction. The main finding of this study is that the direct investment to venture business by KAERI could greatly contribute to promoting venture business. Therefore, the government and KAERI should make efforts to change the technology management system toward the direct investment. Finally, this study concluded by offering policy suggestions to the government on improvement of technology management system

  6. Venture Capital in Russia and Ukraine: Current Trends and Ways of Strengthening

    Directory of Open Access Journals (Sweden)

    Krasovska, O.V.

    2014-07-01

    Full Text Available Venture industry in Russia and Ukraine is analyzed from the point of view of its ability to be the source of innovation projects financial support. It is shown that Ukrainian venture funds more often than Russian funds prefer to finance traditional economic sectors and do not tend to invest money in high-techs sphere. Comparative analysis of the legislative framework in Ukraine and Russia is also made in the paper.

  7. 13 CFR 108.120 - Economic development primary mission.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Economic development primary mission. 108.120 Section 108.120 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS... Economic development primary mission. The primary mission of a NMVC Company must be economic development of...

  8. 13 CFR 302.11 - Economic development information clearinghouse.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Economic development information clearinghouse. 302.11 Section 302.11 Business Credit and Assistance ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE GENERAL TERMS AND CONDITIONS FOR INVESTMENT ASSISTANCE § 302.11 Economic development...

  9. A successful local economic development-urban renewal initiative ...

    African Journals Online (AJOL)

    Despite the urgent need for local economic development in South Africa, Local Economic Development (LED) as area of professional endeavour/activity has largely failed to live up to this need. In this article, an alternative approach to local economic development, which involved a 'bottom-up' approach to urban renewal is ...

  10. LOCAL ECONOMIC DEVELOPMENT (LED PLANNING IN THE FACE OF GLOBALISATION

    Directory of Open Access Journals (Sweden)

    Constantin BRĂGARU

    2017-05-01

    Full Text Available Local economic development and workforce initiative are continually evolving. There are no hard and fast rules or long-proven experiences upon which to draw. The job of the economic development planner and the work of the community in achieving sustainable economic development have become much harder because of the national and global crisis.

  11. Corruption and Economic Development in Nigeria: A Theoretical ...

    African Journals Online (AJOL)

    Corruption and Economic Development in Nigeria: A Theoretical Review. ... By using a theoretical method of analysis, the study reveals that corruption has been a deterrent to economic development in Nigeria. ... Section two discusses the theoretical and conceptual issues in corruption and economic development. Section ...

  12. Foreign Venture Capital Firm - Skye in China.

    OpenAIRE

    Hu, XiaoRui

    2007-01-01

    The reasons of why Tom Skype paid more attention to Venture Capital management have received more and more attentions from academic researchers in many current business studies. Based upon one case study in the Skype, this research has analyzed the significant of the Venture Capital. This research listed some differences of the situations in for the Skype and how it set up the Venture Capital strategic in China, then gave the author's own opinions to the research question.

  13. Venture Capitalists in Systems of Innovation

    DEFF Research Database (Denmark)

    Munk, Kasper B.; Vintergaard, Christian

    regional innovation systems.In attempt to locate and determine the potentials and importance of the venture capitalists in the innovationsystem a two-dimensional taxonomy is constructed and used to illuminate their role and position. Thetaxonomy gains insights through theoretical reasoning and the possible...... initiatives to be taken to raise venture capitalists to a more direct and formal role in the contextof systems of innovation.Key words: Venture capital, innovation systems, innovation....

  14. Internationale joint ventures - udvalgte selskabsretlige problemstillinger

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    Artiklen behandler en række problemstillinger som er særlige for joint ventures stiftet i selskaber af aktie-, anpartsselskabstypen. Bl.a. behandles en række problemer omkring joint venture aftalens forhold til selskabets vedtægter samt en række problemstillinger knyttet til det forhold at der er...... etableret fælles kontrol over joint venture selskabet....

  15. Positive and Negative Factors of Economic Development in Economic History of South Korea

    Directory of Open Access Journals (Sweden)

    Park Jong Min

    2017-01-01

    Full Text Available Purpose: the aim of the article is to analyze the Korean economic strategy from the beginning of its development until modern stage. Examination of how this strategy has changed depending on changes within domestic and international economic environment, assumptions, set goals, their effectiveness and significance of all the taken measures. It will demonstrate waypoints for the future economic development and will become a trigger towards recognition of the successful development of the Korean economy by other countries. Methods: the methodological bases of this article are the economic and statistical methods of analysis of the Korean economys, graphical methods displaying economic indicators. Results: economic history of South Korea over the past century shows the positive and negative factors of the development from an economically weak country into a developing country. The history of the Japanese occupation of Korea, lasting from 1910 to 1945, showed that for a country which has lost its national sovereignty, expropriated the state's economy has no effect after the restoration of independence, and that the economy cannot develop in conditions of chaos within the political, economic and social spheres. Even after the establishment of a military dictatorship, it is possible to note that despite limitations of citizens’ rights, the economy can still grow if the people want it. In addition to the development of internal political system, unstable factors in the process of promotion of social reforms and hastily adopted policy of "open doors" in order to enhance the international status are unreasonable political, economic and social changes. In turn, the inability to control currency exchange in Asian countries, which is a policy of economic development, has shown the existence of a risk of national bankruptcy. Moreover, the adoption of policies of excessive decrease of interest rates in order to revive the recession may be counterproductive

  16. International Jobs and Economic Development Impacts (I-JEDI) Model

    Energy Technology Data Exchange (ETDEWEB)

    2016-09-01

    International Jobs and Economic Development Impacts (I-JEDI) is a freely available economic model that estimates gross economic impacts from wind, solar, biomass, and geothermal energy projects. Building on a similar model for the United States, I-JEDI was developed by the National Renewable Energy Laboratory under the U.S. government's Enhancing Capacity for Low Emission Development Strategies (EC-LEDS) program to support partner countries in assessing economic impacts of LEDS actions in the energy sector.

  17. Venture Capital and Industrial ''Innovation''

    OpenAIRE

    Hirukawa, Masayuki; Ueda, Masako

    2008-01-01

    For the sample period of 1965-1992, Kortum and Lerner (2000) find that venture capital (VC) investments have a positive impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this positive impact continued to be present and became even stronger in late 90s during which VC industry experienced an unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a measure of i...

  18. Renewable Energy for Rural Economic Development

    Energy Technology Data Exchange (ETDEWEB)

    Hartman, Cathy L. [Utah State Univ., Logan, UT (United States); Stafford, Edwin R. [Utah State Univ., Logan, UT (United States)

    2013-09-30

    When Renewable Energy for Rural Economic Development (RERED) began in 2005, Utah had no commercial wind power projects in operation. Today, the state hosts two commercial wind power plants, the Spanish Fork Wind Project and the Milford Wind Corridor Project, totaling 324 megawatts (MW) of wind capacity. Another project in San Juan County is expected to break ground very soon, and two others, also in San Juan County, are in the approval process. RERED has played a direct role in advancing wind power (and other renewable energy and clean technology innovations) in Utah through its education outreach and research/publication initiatives. RERED has also witnessed and studied some of the persistent barriers facing wind power development in communities across Utah and the West, and its research expanded to examine the diffusion of other energy efficiency and clean technology innovations. RERED leaves a legacy of publications, government reports, and documentary films and educational videos (archived at www.cleantech.usu.edu) to provide important insights for entrepreneurs, policymakers, students, and citizens about the road ahead for transitioning society onto a cleaner, more sustainable future.

  19. Global wind power development: Economics and policies

    International Nuclear Information System (INIS)

    Timilsina, Govinda R.; Cornelis van Kooten, G.; Narbel, Patrick A.

    2013-01-01

    Existing literature indicates that theoretically, the earth's wind energy supply potential significantly exceeds global energy demand. Yet, only 2–3% of global electricity demand is currently derived from wind power despite 27% annual growth in wind generating capacity over the last 17 years. More than 95% of total current wind power capacity is installed in the developed countries plus China and India. Our analysis shows that the economic competitiveness of wind power varies at wider range across countries or locations. A climate change damage cost of US$20/tCO 2 imposed to fossil fuels would make onshore wind competitive to all fossil fuels for power generation; however, the same would not happen to offshore wind, with few exceptions, even if the damage cost is increased to US$100/tCO 2 . To overcome a large number of technical, financial, institutional, market and other barriers to wind power, many countries have employed various policy instruments, including capital subsidies, tax incentives, tradable energy certificates, feed-in tariffs, grid access guarantees and mandatory standards. Besides, climate change mitigation policies, such as the Clean Development Mechanism, have played a pivotal role in promoting wind power. Despite these policies, intermittency, the main technical constraint, could remain as the major challenge to the future growth of wind power. - Highlights: • Global wind energy potential is enormous, yet the wind energy contribution is very small. • Existing policies are boosting development of wind power. • Costs of wind energy are higher than cost of fossil-based energies. • Reasonable premiums for climate change mitigation substantially promote wind power. • Intermittency is the key challenge to future development of wind power

  20. Economics.

    Science.gov (United States)

    Palley, Paul D; Parcero, Miriam E

    2016-10-01

    A review of literature in the calendar year 2015 dedicated to environmental policies and sustainable development, and economic policies. This review is divided into these sections: sustainable development, irrigation, ecosystems and water management, climate change and disaster risk management, economic growth, water supply policies, water consumption, water price regulation, and water price valuation.

  1. Advanced Small Modular Reactor Economics Model Development

    Energy Technology Data Exchange (ETDEWEB)

    Harrison, Thomas J [ORNL

    2014-10-01

    The US Department of Energy Office of Nuclear Energy’s Advanced Small Modular Reactor (SMR) research and development activities focus on four key areas: Developing assessment methods for evaluating advanced SMR technologies and characteristics; and Developing and testing of materials, fuels and fabrication techniques; and Resolving key regulatory issues identified by US Nuclear Regulatory Commission and industry; and Developing advanced instrumentation and controls and human-machine interfaces. This report focuses on development of assessment methods to evaluate advanced SMR technologies and characteristics. Specifically, this report describes the expansion and application of the economic modeling effort at Oak Ridge National Laboratory. Analysis of the current modeling methods shows that one of the primary concerns for the modeling effort is the handling of uncertainty in cost estimates. Monte Carlo–based methods are commonly used to handle uncertainty, especially when implemented by a stand-alone script within a program such as Python or MATLAB. However, a script-based model requires each potential user to have access to a compiler and an executable capable of handling the script. Making the model accessible to multiple independent analysts is best accomplished by implementing the model in a common computing tool such as Microsoft Excel. Excel is readily available and accessible to most system analysts, but it is not designed for straightforward implementation of a Monte Carlo–based method. Using a Monte Carlo algorithm requires in-spreadsheet scripting and statistical analyses or the use of add-ons such as Crystal Ball. An alternative method uses propagation of error calculations in the existing Excel-based system to estimate system cost uncertainty. This method has the advantage of using Microsoft Excel as is, but it requires the use of simplifying assumptions. These assumptions do not necessarily bring into question the analytical results. In fact, the

  2. Pedagogy for Economic Competitiveness and Sustainable Development

    Science.gov (United States)

    Sahlberg, Pasi; Oldroyd, David

    2010-01-01

    Accelerating threats to a sustainable relationship between economic growth and the capacity of the global social-ecological system to support it require that the implications of competitiveness be reassessed. Today, the capacities that underlie economic competitiveness must also be brought to bear on policy and pedagogy to prepare the coming…

  3. Economics | Page 4 | IDRC - International Development Research ...

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

    Economics. Économie. Colour. #2C81B5. Read more about Improving childcare options to create better economic opportunities for women in Nairobi slums. Language English. Read more about Expanding the Canadian Queen Elizabeth II Diamond Jubilee Scholarship Program to Advanced Scholars. Language English.

  4. Women and Economic Development in Cameroon.

    Science.gov (United States)

    Bryson, Judy C.

    Based on a survey of written sources and perspectives of knowledgeable individuals, the report provides information on women's economic roles in Cameroon, and on aspects of social life which effect their economic performance. A description of the importance of traditional social systems and their evolution over the last 30 years follows a brief…

  5. 32 CFR 174.10 - Consideration for economic development conveyances.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false Consideration for economic development... Property § 174.10 Consideration for economic development conveyances. (a) For conveyances made pursuant to... the date of the initial transfer of property shall be used to support economic redevelopment of, or...

  6. Evolutionary Systems Theory, Universities, and Endogenous Regional Economic Development

    Science.gov (United States)

    Bowen, William M.

    2007-01-01

    Universities today are increasingly being viewed in terms of serving the purpose of economic development. This paper postulates that their chief purpose is to advance knowledge and that in doing so they effectuate regional economic growth and development through processes specified in the endogenous economic growth model. To achieve this purpose…

  7. Structuring oil and gas joint ventures with aboriginal communities: conference papers conference

    International Nuclear Information System (INIS)

    1999-01-01

    The Insight Conference featured twelve articles on the following topics: 1 - researching and understanding your legal partners; II - an aboriginal game plan - a plan for success; III - legal and management issues relating to aboriginal ventures; IV - tax status of reserve-based aboriginal people and businesses under the Indian Act; v - first nations as exempt bodies under the Income Tax Act; V I - innovative options for structuring oil and gas leases and exploration permits on aboriginal lands; VII - joint venture and partnership arrangements; V III - the impact of taxation on aboriginal ventures; I X - bankruptcy and insolvency issues for on-reserve businesses; X - financing options for oil and gas ventures with first nations; XI - Syncrude's commitment to aboriginal development; and X II - structuring oil and gas ventures with aboriginal communities. Articles abstracted/indexed separately include: I, II, V I (2), V III, X, XI, and X II

  8. Essays in Development Economics and the Economics of Education

    Science.gov (United States)

    Blimpo, Moussa Pouguinimpo

    2010-01-01

    Education is a powerful tool to improve lives and enhance the prospect of innovation and development of nations. While primary school enrollment has increased considerably over the past few decades in Sub-Saharan Africa, learning and the retention rate have remained low. The first two chapters of this dissertation analyze two dimensions in a bid…

  9. Accounting for Peace and Economic Development in Nigeria, the ...

    African Journals Online (AJOL)

    Accounting for Peace and Economic Development in Nigeria, the Niger-Delta Case. ... roads, efficient communication systems, portable water, employment opportunities, ... Keywords: Accounting for peace; cost of peace keeping; Economic ...

  10. ROLE OF JOINT VENTURE “SOVHISPAN” IN NORMALIZATION OF THE SOVIET-SPANISH BILATERAL RELATIONS

    Directory of Open Access Journals (Sweden)

    Марина Николаевна Мосейкина

    2016-12-01

    Full Text Available The object of this research is to support the statement about the prevalence of the economic interest over the political ones, taking as an example the reestablishment of the Soviet-Spanish bilateral relations. The historical context of the creation of the Soviet-Spanish joint venture “Sovhispan”is highlighted as the final outcome of the secret negotiations and previous business practices between Spain and the Soviet Union in the late 1960s. The Soviet-Spanish economic relations started ten years before their normalization in 1977, the Canary Islandsbeing one of the places of their development. The principal conclusions of the research are: the geostrategic position of Spain was appreciated by the USA, via installation of the military bases on the mainland, and the USSR, using the Canary Islands as an operational base for the Soviet Fishing Fleet. “Sovrybflot”, an internal structure of the Ministry of Fisheries of the USSR, managed the overseas activity of the Soviet Fishing fleet abroad. Thus, the arrival of avast Soviet fishing fleet in the Canary Islands and the creation of the joint venture “Sovhispan” was a result of its work. “Sovhispan” was a “bridge” in the normalization of the Soviet-Spanish bilateral relations, and bankrupted with the dissolution of the USSR.

  11. Economical development versus sustainable development; Desenvolvimento economico versus desenvolvimento sustentavel

    Energy Technology Data Exchange (ETDEWEB)

    Mattos, Katty Maria da Costa; Ferretti Filho, Neuclair Joao [Sao Paulo Univ., Sao Carlos, SP (Brazil). Escola de Engenharia. Dept. de Hidraulica e Saneamento]. E-mails: ktmattos@terra.com.br; neuclair@terra.com.br

    2000-07-01

    The natural resources have if turned more and more scarce, should be taken in your consideration possible exhausted. With that threat, alternatives are looked for so that the socioeconomic development is maintainable. As the impact of the section agroindustrial in the environmental deterioration is significant, the environmental externalisation of the productive process and the need of economical internalization of those effects should be considered. The introduction of the natural capital in the economical analysis is made necessary since the costs of the environmental degradation and of the consumption of natural resources they have not been added in those processes, being evaluated the flows of natural stocks and contributing to the definition of a maintainable scale of the economy. When these industrial organizations embrace a great productive area of the Country, as it is the case of the compound of the alcohol industry, the problems caused for the it burns of the sugar cane plantation they become fundamental. Now, there is an emergent change of paradigms in the society, in that is necessary to notice the group of values that they address our economical development and our relationship with the natural atmosphere. The use of the sustainable is the great challenge civilization of next decades. (author)

  12. A venture capital view of superconductivity electronics

    International Nuclear Information System (INIS)

    Kressel, H.

    1987-01-01

    Many venture capital backed start-up companies have followed major technological innovations in recent years. However, the field of electronics based on the use of superconducting devices (i.e. the Josephson Junction) has been a noteworthy exception. Until 1983, the bulk of the American development effort on superconductivity electronics was conducted by IBM where the focus was to demonstrate the feasibility of a superconducting computer prototype. Other activities using Josephson Junctions involved the development and production of magnetic sensing instruments and modest quantities of magnetometers which were marketed by several very small companies primarily for laboratory use. In addition, other applications in radiation sensing and biomagnetism and research leading to practical systems were ongoing in several organizations

  13. Economic development evaluation based on science and patents

    Science.gov (United States)

    Jokanović, Bojana; Lalic, Bojan; Milovančević, Miloš; Simeunović, Nenad; Marković, Dusan

    2017-09-01

    Economic development could be achieved through many factors. Science and technology factors could influence economic development drastically. Therefore the main aim in this study was to apply computational intelligence methodology, artificial neural network approach, for economic development estimation based on different science and technology factors. Since economic analyzing could be very challenging task because of high nonlinearity, in this study was applied computational intelligence methodology, artificial neural network approach, to estimate the economic development based on different science and technology factors. As economic development measure, gross domestic product (GDP) was used. As the science and technology factors, patents in different field were used. It was found that the patents in electrical engineering field have the highest influence on the economic development or the GDP.

  14. What Lies beyond the Romania’s Economic Development

    Directory of Open Access Journals (Sweden)

    Monica Raileanu-Szeles

    2011-12-01

    Full Text Available This paper analyzes the dynamic of economic development in Romania, underlying the steps already made by Romania on the way of economic development, as well as the causes of theslowness of this long term process. Four dimensions of the economic development are particularly analyzed here, i.e. the GDP, health, education and income inequality, with a great emphasis on the per capita GDP dynamic. The paper also looks at two contemporary challenges of Romania with a considerable impact on economic development – the progress made in the process of EU funds absorption and the income polarization, which is at present a matter of concern for the whole EU. The components of Romania’s economic development are presented in comparison with those of the New Member States.Keywords: economic development, economic growth, Gini.

  15. Women in development : issues for economic and sector analysis

    OpenAIRE

    Women in Development Division

    1989-01-01

    This paper highlights issues and action plans concerning women in economic and sector analysis and in project design. The paper focuses on the majority of women who are poor. It emphasizes measures to include women in development that contribute to economic performance, poverty reduction, slower population growth, and other broad development objectives. The paper concludes that women already contribute far more economically than is usually recognized. By expanding women's economic choices, ou...

  16. NEW DEVELOPMENTS IN COVERAGE OF ECONOMIC PERFORMANCE

    Directory of Open Access Journals (Sweden)

    Ioan Beudean

    2012-01-01

    Full Text Available The absence of consensus in definition and economic assessment performance does not take as linguistic valences of the concept as such, as the system of diverging interests of its contents. Can be felt in the case of this major economic concept as well as other economic categories, the power influence of different interveners (not necessarily from know better ones, which will determine and impose the dominant message. Current financial capital, created and imposed an obviously own vision about performance that would serve its interests.

  17. Strategies for Creating New Venture Legitimacy

    Science.gov (United States)

    Karlsson, Tomas; Middleton, Karen Williams

    2015-01-01

    New ventures, being heavily subjected to liabilities of newness, are seen to engage in legitimacy strategies to overcome these liabilities. Building on an adapted theoretical framework of organizational legitimacy, self-reported weekly diaries of twelve entrepreneurs were analysed to identify strategies used by new ventures to create legitimacy.…

  18. A survey of venture capital research

    NARCIS (Netherlands)

    Hellmann, T.; Puri, M.L.; Da Rin, M.; Constantinides, G.; Harris, M.; Stulz, R.

    2013-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  19. A Survey of Venture Capital Research

    NARCIS (Netherlands)

    Da Rin, M.; Hellmann, T.; Puri, M.L.

    2011-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  20. Venture Capital Initiative: Ohio's School Improvement Effort.

    Science.gov (United States)

    Yoo, Soonhwa; Loadman, William E.

    In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try…

  1. provider venture capital funds: investing in innovation.

    Science.gov (United States)

    Potter, Mary Jo; Wesslund, Rick

    2016-05-01

    As health systems continue to embrace disruptive innovation, they are increasingly likely to consider making a move into venture capital. Working in venture capital can benefit a health system in several ways, including: Allowing it to operate outside of bureaucracy and align projects with its core values. Encouraging innovation within the organization. Enabling it to respond quickly to changes in the market.

  2. Puna Geothermal Venture Hydrologic Monitoring Program

    Energy Technology Data Exchange (ETDEWEB)

    None

    1990-04-01

    This document provides the basis for the Hydrologic Monitoring Program (HMP) for the Puna Geothermal Venture. The HMP is complementary to two additional environmental compliance monitoring programs also being submitted by Puma Geothermal Venture (PGV) for their proposed activities at the site. The other two programs are the Meteorology and Air Quality Monitoring Program (MAQMP) and the Noise Monitoring Program (NMP), being submitted concurrently.

  3. Corporate Venturing, Allocation of Talent, and Competition for Star Managers

    OpenAIRE

    De Bettignies , Jean-Etienne; Chemla , Gilles

    2008-01-01

    We provide new rationales for corporate venturing, based on competition for talented managers. As returns to venturing increase, firms engage in corporate venturing for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by increasing incentives. Managers increase effort, prompting firms to reallocate them to new ventures, where the marginal product of effort is highest. Second, as returns to venturing become lar...

  4. Multistage Selection and the Financing of New Ventures

    OpenAIRE

    Jonathan T. Eckhardt; Scott Shane; Frédéric Delmar

    2006-01-01

    Using a random sample of 221 new Swedish ventures initiated in 1998, we examine why some new ventures are more likely than others to successfully be awarded capital from external sources. We examine venture financing as a staged selection process in which two sequential selection events systematically winnow the population of ventures and influence which ventures receive financing. For a venture to receive external financing its founders must first select it as a candidate for external fundin...

  5. Economics | Page 12 | IDRC - International Development Research ...

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

    The book is a bona fide crystal ball. It will be a must read for the next decade. David Bloom, Clarence James Gamble Professor of Economics and Demography and ... of Global Health and Population, Harvard School of Public Health, USA.

  6. The Organization for Economic Cooperation and Development

    National Research Council Canada - National Science Library

    Jackson, James K

    2009-01-01

    ... and emerging economies. While all of the member countries are considered to be economically advanced and collectively produce three-fourths of the world's goods and services, membership is limited only by a...

  7. Economics | Page 24 | IDRC - International Development Research ...

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

    ... on the form of government, ethnicity and nationality, and other social factors. ... the context of globalization from several continents and a number of theoretical ... and for the promotion of cultural, political and economic diversity everywhere.

  8. The Anatomy of Japan's Postwar Economic Development

    National Research Council Canada - National Science Library

    Tsao, Hsiung

    1997-01-01

    ...) and those factors which caused the Japanese economy to grow during the 1953-73 period. Furthermore, on the basis of Japanese economic successes, the role of the Japanese in world affairs again became important...

  9. Global economic governance | IDRC - International Development ...

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

    2011-01-06

    Jan 6, 2011 ... In fragile political and economic environments, financial systems already are prone to ... Instability in one country can provoke instability in others, and when this .... Recognition that financial stability is a global public good has ...

  10. Competition Research for Economic Development | IDRC ...

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

    ... and disseminated by means of a high-profile communications program. ... Fiscalía Nacional Económica. Institution Country. Chile. Institution Website ... IDRC partner the World Economic Forum is building a hub for inclusive growth solutions.

  11. Conceptual model of management steadfast economic development production-economic systems

    OpenAIRE

    Prokhorova, V.

    2010-01-01

    The article is devoted developments of conceptual model of management proof economic development of the industrialeconomy systems. Features are certain, the algorithm of impulse is offered and intercommunication of contours of management proof economic development of the industrialeconomy systems is investigational

  12. An Explanation of Economic Change and Development

    OpenAIRE

    Fusari, Angelo

    2014-01-01

    The contribution to the explanation of economic change that this paper sets out is centered on a core of interconnected endogenous variables, mainly innovation, radical uncertainty and entrepreneurship, which current economic analyses consider only in part and separately, sometimes as endogenous but for the most as exogenous. The article (and the formalized model) suppose that the functioning of the economy is not disturbed by the operation of pathological factors mainly concer...

  13. Fiscal 1999 achievement report. Venture seed pickup type international cooperative research project (Development of multi-beam semiconductor laser-aided preparation system for photogravure printing using water-based ink); 1999 nendo venture seeds hakkutsugata kokusai kyodo kenkyu jigyo seika hokokusho - venture seeds No.8. Suisei ink wo mochiita gurabia (oban) insatsuyo multi beam handotai laser seihan system no kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    For the prevention of environmental contamination due to oil-based ink used in the photogravure printing process, efforts were exerted to develop a technique of laser-aided photogravure printing using a water-based ink. It was learned that the laser optical system technology of CR Corporation of Canada was practical and high in quality, and a delay occurred in the development of an evaporation type resin for use under this project. Then the initially planned design was abandoned for a type using a new optical system manufactured by CR Corporation. In the development of plate making materials, it was found that resin evaporation was incomplete in a 1-layer structure design. A 2-layer structure design was then employed instead, and the evaporation goal was achieved. Now that the optical system was changed, the resin was also replaced with a thermosensitive type, which enhanced work efficiency. The CR Corporation-manufactured laser optical system was installed on a mount, the processor system was controlled and adjusted, and a printing test was conducted using a water-based ink of German make. It was found that the product of the new system was higher in quality than that printed by the conventional mechanical perforation type printer using an oil-based ink. (NEDO)

  14. Venture capital on a shoestring: Bioventures' pioneering life sciences fund in South Africa.

    Science.gov (United States)

    Masum, Hassan; Singer, Peter A

    2010-12-13

    Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC) funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation?As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D.Due to the fund's small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how to select, value, and support investments; and how to

  15. Venture capital on a shoestring: Bioventures’ pioneering life sciences fund in South Africa

    Directory of Open Access Journals (Sweden)

    Singer Peter A

    2010-12-01

    Full Text Available Abstract Background Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation? As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. Discussion The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D. Due to the fund’s small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. Summary BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how

  16. Venture capital on a shoestring: Bioventures’ pioneering life sciences fund in South Africa

    Science.gov (United States)

    2010-01-01

    Background Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC) funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation? As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. Discussion The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D. Due to the fund’s small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. Summary BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how to select, value, and support

  17. Cultural diversity, economic development and societal instability

    Science.gov (United States)

    Nettle, D.; Grace, J.B.; Choisy, M.; Cornell, H.V.; Guegan, J.-F.; Hochberg, M.E.

    2007-01-01

    Background. Social scientists have suggested that cultural diversity in a nation leads to societal instability. However, societal instability may be affected not only by within-nation on ?? diversity, but also diversity between a nation and its neighbours or ?? diversity. It is also necessary to distinguish different domains of diversity, namely linguistic, ethnic and religious, and to distinguish between the direct effects of diversity on societal instability, and effects that are mediated by economic conditions. Methodology/Principal Findings. We assembled a large cross-national dataset with information on ?? and ?? cultural diversity, economic conditions, and indices of societal instability. Structural equation modeling was used to evaluate the direct and indirect effects of cultural diversity on economics and societal stability. Results show that different type and domains of diversity have interacting effects. As previously documented, linguistic ?? diversity has a negative effect on economic performance, and we show that it is largely through this economic mechanism that it affects societal instability. For ?? diversity, the higher the linguistic diversity among nations in a region, the less stable the nation. But, religious ?? diversity has the opposite effect, reducing instability, particularly in the presence of high linguistic diversity. Conclusions. Within-nation linguistic diversity is associated with reduced economic performance, which, in turn, increases societal instability. Nations which differ linguistically from their neighbors are also less stable. However, religious diversity between, neighboring nations has the opposite effect, decreasing societal instability.

  18. Cultural diversity, economic development and societal instability.

    Science.gov (United States)

    Nettle, Daniel; Grace, James B; Choisy, Marc; Cornell, Howard V; Guégan, Jean-François; Hochberg, Michael E

    2007-09-26

    Social scientists have suggested that cultural diversity in a nation leads to societal instability. However, societal instability may be affected not only by within-nation or alpha diversity, but also diversity between a nation and its neighbours or beta diversity. It is also necessary to distinguish different domains of diversity, namely linguistic, ethnic and religious, and to distinguish between the direct effects of diversity on societal instability, and effects that are mediated by economic conditions. We assembled a large cross-national dataset with information on alpha and beta cultural diversity, economic conditions, and indices of societal instability. Structural equation modeling was used to evaluate the direct and indirect effects of cultural diversity on economics and societal stability. Results show that different types and domains of diversity have interacting effects. As previously documented, linguistic alpha diversity has a negative effect on economic performance, and we show that it is largely through this economic mechanism that it affects societal instability. For beta diversity, the higher the linguistic diversity among nations in a region, the less stable the nation. But, religious beta diversity has the opposite effect, reducing instability, particularly in the presence of high linguistic diversity. Within-nation linguistic diversity is associated with reduced economic performance, which, in turn, increases societal instability. Nations which differ linguistically from their neighbors are also less stable. However, religious diversity between neighboring nations has the opposite effect, decreasing societal instability.

  19. The main issues preventing Kosovo’s economic development

    OpenAIRE

    Demir Lima

    2017-01-01

    This study provides an analysis of several problematic factors preventing Kosovo’s economic development. Several sectors that could have been the main pillars of economic development, such as manufacturing, energy, mines and minerals, and other economic sectors have been neglected from the development by domestic institutions or were used clandestinely by certain interest groups, whose focus was not in the development of the country but rather their personal gain. Trade remained the preferred...

  20. Characteristics of Venture Capital Network and Its Correlation with Regional Economy: Evidence from China.

    Science.gov (United States)

    Jin, Yonghong; Zhang, Qi; Shan, Lifei; Li, Sai-Ping

    2015-01-01

    Financial networks have been extensively studied as examples of real world complex networks. In this paper, we establish and study the network of venture capital (VC) firms in China. We compute and analyze the statistical properties of the network, including parameters such as degrees, mean lengths of the shortest paths, clustering coefficient and robustness. We further study the topology of the network and find that it has small-world behavior. A multiple linear regression model is introduced to study the relation between network parameters and major regional economic indices in China. From the result of regression, we find that, economic aggregate (including the total GDP, investment, consumption and net export), upgrade of industrial structure, employment and remuneration of a region are all positively correlated with the degree and the clustering coefficient of the VC sub-network of the region, which suggests that the development of the VC industry has substantial effects on regional economy in China.

  1. The Potential for Joint Farming Ventures in Irish Agriculture: A Sociological Review

    Directory of Open Access Journals (Sweden)

    Cush Peter

    2016-03-01

    Full Text Available Joint farming ventures (JFVs are promoted within Irish and EU policy discourses as strategies that can enhance the economic and social sustainability of family farming. Research has shown that JFVs, including arrangements such as farm partnerships, contract rearing and share farming, can potentially enable farmers to work cooperatively to improve farm productivity, reduce working hours, facilitate succession, develop skills and improve relationships within the farm household. In the context of increasing policy promotion of JFVs, there is a need to make some attempt at understanding the macro socio-cultural disposition of family farming to cooperation. Reviewing sociological studies of agricultural cooperation and taking a specific focus on the Irish contextual backdrop, this paper draws the reader’s attention to the importance of historical legacy, pragmatic economic and social concerns, communicative norms, inter-personal relationships, individualism and, policy and extension stimuli, all of which shape farmers’ dispositions to cooperation and to JFVs specifically.

  2. Economic Growth and Development in the Undergraduate Curriculum

    Science.gov (United States)

    Acemoglu, Daron

    2013-01-01

    A central theme of this article is that economics instructors should spend more time teaching about economic growth and development at the undergraduate level because the topic is of interest to students, is less abstract than other macroeconomic topics, and is the focus of exciting research in economics. Facts and data can be presented to…

  3. Malawi Economic Monitor, November 2017 : Land for Inclusive Development

    OpenAIRE

    Kandoole, Priscilla; Record, Richard; Deininger, Klaus; Kalemba, Sunganani; Stylianou, Eleni; Chilima, Efrem; Kufeyani, Linly

    2017-01-01

    The Malawi Economic Monitor (MEM) provides an analysis of economic and structural development issues in Malawi. The aim of the publication is to foster better-informed policy analysis and debate regarding the key challenges that Malawi faces in its endeavor to achieve high rates of stable, inclusive, and sustainable economic growth. Malawi’s economy is primarily based on agriculture and he...

  4. Post-accession economic development of Poland

    Directory of Open Access Journals (Sweden)

    Witold ORŁOWSKI

    2011-12-01

    Full Text Available The aim of this paper is to analyse the economic performance of Poland in the post-accession period. Poland joined the EU in 2004, after a long and difficult economic transition. The whole post-accession period could be divided into two sub-periods: the pre-crisis period of 2004-07, and the turbulent period of 2008-11. During the pre-crisis period, Poland recorded a fast growth, with a built-up of macroeconomic disequilibria. During the turbulent period, the economy was dealing successfully with the global financial crisis. The growth slowed down and the disequilibria were reduced. The paper discusses the growth patterns in the both sub-periods and tries to explain the factors that contributed to the good economic performance during the financial crisis. The astonishingly good economic growth results cannot be attributed to a single factor, but to a combination of many factors contributing at the same time. However, Poland has many valuable assets that may help in dealing with the further economic turbulences.

  5. Fiscal 1999 achievement report. Venture seed pickup type international cooperative research project (Development of aluminum foam part for automobile by powder metallurgical formation); 1999 nendo venture seeds hakkutsugata kokusai kyodo kenkyu jigyo seika hokokusho - venture seeds No.5. Funmatsu yakin seikeiho ni yoru happo aluminium jidosha buhin no kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    Research and development was carried out for the application of aluminum foam manufactured by power metallurgy to automotive parts and components. Studies involved its application to the hood and bumpers of the passenger car for a great reduction in body weight and to the motor truck FUPD (front under protection device) making use of its high energy absorption capability. Specimens were manufactured of rods for evaluating the basic characteristics of the material, blocks for testing deformation characteristics, panels for evaluating acoustic characteristics, and large blocks for use in real vehicle collision tests. The material was tested for energy absorption using natural-size FUPDs. Aluminum foam is characterized in that its density is as low as 0.4-0.8g/cm{sup 3}, that under compression it produces a stress which stays almost constant until distortion reaches 40-60%, that it is excellent in absorbing energy, and so on. In a real-vehicle collision test, the material was found to be effective in buffering though the FUPDs absorbed less energy than expected. (NEDO)

  6. Venture investing opportunities in superconductivity

    International Nuclear Information System (INIS)

    Zschau, E.

    1987-01-01

    The authors provide an assessment of the venture investing opportunities in superconductivity and some guidelines to follow. There were many elements that made Silicon Valley a leader in technology, not the least of which were the distinguished research universities located here. However, the application of the research results that they produced was done by groups of extraordinary people--people who had ideas, who were willing to take risks, and who inspired others to follow them into the unknown. They sometimes succeeded, but they often didn't. However, they never stopped trying. People like that will be the key to success in advancing and applying superconductivity technology just as they have been in semiconductors

  7. Do Technological Developments and Financial Development Promote Economic Growth: Fresh Evidence from Romania

    OpenAIRE

    Ur Rehman, Ijaz; Shahbaz, Muhammad; Kyophilavong, Phouphet

    2013-01-01

    We study the relationship between financial development, technological development and economic growth in Romania. We construct aggregate indices of financial development and technological development using principal component analysis. The ARDL bounds testing approach shows the presence of cointegration between financial development, technological development and economic growth. Financial development and technological development contribute to economic growth. Moreover, financial developmen...

  8. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory

    Directory of Open Access Journals (Sweden)

    Kaihong Wang

    2016-01-01

    Full Text Available When venture capital has been invested into venture companies, venture capitalists and venture entrepreneurs form a principal-agent relationship. Take into account the fact that the venture entrepreneur’s effort is a long process, because the effort is not the same at different stage. Therefore, efforts variables are seen as the multistage dynamic variable, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of the classic principal-agent theory in the paper. Further, in the later stage effort of venture entrepreneurs is affected by the size of prestage benefit with venture capitalists and venture entrepreneurs; thus the fairness preference model is improved, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of fairness preference theory. Both theoretical derivation and simulation have demonstrated that, under the condition of information asymmetry, if the fairness preference of venture entrepreneurs holds, then (1 venture capitalists provide venture entrepreneurs with level higher than that without fairness preference, (2 in every single stage venture entrepreneurs make efforts higher than those without fairness preference, and (3 in two periods both venture investors and venture entrepreneurs gain total real gains higher than those in two periods without fair preference.

  9. FINANCING ACTIONS OFENVIRONMENTAL AND ECONOMIC DEVELOPMENT IN UKRAINE

    OpenAIRE

    Holubka, S. M.; Shtuler, I. Y.; Biloskyrskiy, Р. Р.

    2018-01-01

    The article provides a comprehensive analysis of the financing actions of ecological and economic development in Ukraine with the identification of the main disadvantages and perspective ways of improvement. The differences between financing environmental protection measures and actions of ecological and economic development are found out. Environmental measures grately involve expenditure of a forced, restrictive nature. Instead, financing actions of environmental and economic development ai...

  10. Potentials of Local Economic Development in Aspect of Tourism

    OpenAIRE

    Viktória Csizmadiáné Czuppon; Edina Sáriné Csajka; Tamás Molnár

    2015-01-01

    The objective of the study is to introduce the potentials of local economic development in one of the least favoured micro regions, Tamási. The paper examines operating and planned activities at settlements of the micro region. The authors introduce local economic development activities that support tourism. The economic development planning in Tamási micro region has typically two directions. One of them is the utilisation of thermal water and the use of further potentials of the thermal bat...

  11. The Impact of the Economic Transition on the Development of Economic Freedom – Case of Poland

    Directory of Open Access Journals (Sweden)

    Anna Stepniak-Kucharska

    2015-06-01

    Full Text Available The changes in the Polish socio-economic system, initiated at the turn of 1989 and 1990, led to a systematic increase in the liberalization of economy and thereby the rise of the level of economic freedom. The aim of this paper is to examine the impact of the economic transition on the development of economic freedom in Poland. The analysis, carried out in the period 1995-2015, was conducted on the basis of the chain-linked Economic Freedom Index by the Fraser Institute and the Index of Economic Freedom of the Heritage Foundation and the Wall Street Journal. The analysis indicates that: (1 Poland cannot be considered as a country that is fully free economically, but the transition of its economic system has resulted in a rapid growth of economic freedom. (2 The impact of transition varies for different areas (sub-indices of the economy. (3 The European economic integration stimulated the increase of EFI, but the economic crisis did not decrease the level of economic freedom.

  12. Economics | Page 20 | IDRC - International Development Research ...

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

    Mitigating this problem is now one of governments' priority goals as part of a ... In the contemporary approach to the relationship between economic growth and ... Read more about Le développement face à la pauvreté: Réseau analyse ... Part I discusses basic fundamental issues of well-being and poverty measurement.

  13. Economics | IDRC - International Development Research Centre

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

    Dans leur livre, intitulé Manufacturing Enterprise in Asia: Size Structure and Economic Growth, Dipak Mazumdar et Sandip Sarkar proposent une interprétation des trajectoires de croissance économique de certains pays d'Asie, mise en corrélation avec la structure de la taille des entreprises manufacturières. Read more ...

  14. Economics | Page 5 | IDRC - International Development Research ...

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

    Economics. Économie. Colour. #2C81B5. Kenya's population is becoming increasingly urban; more than half of Nairobi's residents live in informal settlements (slums) plagued by cramped living conditions and poor access to basic services. Read more about IDRC-supported project influencing government policy in Kenya.

  15. Military Expenditure and Socio-Economic Development.

    Science.gov (United States)

    Ball, Nicole

    1983-01-01

    The relationship between military expenditure and the stimulation of aggregate demand, inflation, investment, trade balance, foreign exchange, the improvement of taxation, and employment creation and industrialization in the Third World is analyzed. To some extent military expenditure does promote economic growth, but it does not automatically…

  16. The Making of Behavioral Development Economics

    OpenAIRE

    Demeritt, Allison; Hoff, Karla

    2018-01-01

    A core insight from early behavioral economics is that much of human judgment and behavior is influenced by "fast thinking" that is intuitive, associative, and automatic; very little human thinking resembles the rational thinking that characterizes homo economicus. What is less well-recognized is that innate reliance on cognitive shortcuts means that cultural mental models --categories, co...

  17. The joint venture alternative to mergers.

    Science.gov (United States)

    Enders, R J

    1995-02-01

    However, while a joint venture may be "safe" from antitrust challenge, it is not without some practical difficulties, especially with respect to consolidating services at one location or jointly offering services provided at multiple facilities. These practical concerns include: 1. Who will exercise operational management of the joint venture? 2. How will the joint venture deal with different pricing for services that will be provided at multiple locations? 3. What criteria will be used to decide the location at which consolidated tertiary services will be offered? 4. In what circumstances can the joint venture be unwound, either in its entirety or as to discrete functions? When clinical services have been consolidated at one location, there is an appropriate concern by the other hospital that it will be unable to provide or re-enter the market for those services if the joint venture dissolves. These operational concerns, of course, are not addressed in the Consent Decree. Thus, even if a joint venture relationship survives antitrust scrutiny, the parties must still negotiate and resolve these operational issues in order for the joint venture to be viable.

  18. The world economic development with the ISER-PIUS for developing and developed countries

    International Nuclear Information System (INIS)

    Wakabayashi, Hiroaki

    1987-01-01

    Nuclear power as a base for the world economic development has, unfortunately, been posing some potential risks including excessive radiation and radioactivity releases from the TMI-2 and the Chernobyl-4 as well as the future risks of nuclear waste management. On the other hand, it is a fact that nuclear power is already being used substantially as an economical energy option throughout the world. Therefore, the ISER-PIUS is now envissaged to be used eventually as safe and economical power source to be employed widely in the world. The present economic conditions and future economic development in Indonesia, taken as an example of less developed country, are described briefly. It is insisted that the policy of nuclear power introduction into a less developed country is neither economical nor realistic. More feasible seems a system of domestically designed and developed inherently safe reactor like ISER-PIUS. An analysis is also made of the future potential of such reactors in advanced countries in terms of the future of ISER-PIUS. It is concluded that cheap electricity and heat are needed for the economic development in less developed nations and for the maintenance of the economy level now attained by developed countries as well. International collaboration for the ISER-PIUS development will be a vehecle for the world-wide economic development in the next century. (Nogami, K.)

  19. An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

    Directory of Open Access Journals (Sweden)

    Próchniak Mariusz

    2014-10-01

    Full Text Available This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute, the governance indicator (World Bank, the democracy index (Freedom House, and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

  20. Longitudinal relationship between economic development and occupational accidents in China.

    Science.gov (United States)

    Song, Li; He, Xueqiu; Li, Chengwu

    2011-01-01

    The relativity between economic development and occupational accidents is a debated topic. Compared with the development courses of both economic development and occupational accidents in China during 1953-2008, this paper used statistic methods such as Granger causality test, cointegration test and impulse response function based on the vector autoregression model to investigate the relativity between economic development and occupational accidents in China from 1953 to 2008. Owing to fluctuation and growth scale characteristics of economic development, two dimensions including economic cycle and economic scale were divided. Results showed that there was no relationship between occupational accidents and economic scale during 1953-1978. Fatality rate per 10(5) workers was a conductive variable to gross domestic product per capita during 1979-2008. And economic cycle was an indicator to occupational accidents during 1979-2008. Variation of economic speed had important influence on occupational accidents in short term. Thus it is necessary to adjust Chinese occupational safety policy according to tempo variation of economic growth. Crown Copyright © 2010. Published by Elsevier Ltd. All rights reserved.

  1. Revisiting the effect of colonial institutions on comparative economic development.

    Directory of Open Access Journals (Sweden)

    Valentina A Assenova

    Full Text Available European settler mortality has been proposed as an instrument to predict the causal effect of colonial institutions on differences in economic development. We examine the relationship between mortality, temperature, and economic development in former European colonies in Asia, Africa, and the Americas. We find that (i European settler mortality rates increased with regional temperatures and (ii economic output decreased with regional temperatures. Conditioning on the continent of settlement and accounting for colonies that were not independent as of 1900 undermines the causal effect of colonial institutions on comparative economic development. Our findings run counter to the institutions hypothesis of economic development, showing instead that geography affected both historic mortality rates and present-day economic output.

  2. Raising venture capital in the biopharma industry.

    Science.gov (United States)

    Leytes, Lev J

    2002-11-15

    Raising venture capital (VC) is both an art and a science. Future entrepreneurs should carefully consider the various issues of VC financing that have a strong impact on the success of their business. In addition to attracting the best venture capital firms, these issues include such subtle but important points as the timing of financing (especially of the first round), external support sources, desirable qualities of a VC firm, amount to be raised, establishing a productive interface between the founders and the venture capitalists, and most importantly the effects of well-executed VC funding on hiring senior executives and scientific leaders.

  3. Taxation and venture capital-backed entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In recent years, venture capital has increasingly become a factor in thefinancing of new firms. We examine how the value of mature firms determinesthe incentives of entrepreneurs to start up new firms and of venture capitaliststo finance and advise them. We examine how capital gains taxes as well...... assubsidies to start-up costs of new firms affect venture capital-backedentrepreneurship. We also argue that dividend and capital gains taxes onmature firms have important consequences for start-up firms as well.JEL Classification: D82, G24, H24 and H25Keywords: double moral hazard, entrepreneurship, taxes...

  4. Windfall gains, political economy and economic development

    DEFF Research Database (Denmark)

    Dalgaard, Carl-Johan Lars; Olsson, Ola

    2008-01-01

    Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a joi...... in a large cross-section of countries. Our results suggest that whereas more aid means less corruption, natural resource rents is positively correlated with corruption, although both relationships are non-linear......Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a joint...

  5. Water infrastructure for human and economic development

    CSIR Research Space (South Africa)

    Wall, K

    2010-01-01

    Full Text Available quality as it gives rise to waterborne diseases such as cholera, bacterial infections, heavy metal accumulation and endocrine disrupting substances; and ? Poor quality irrigation water has a ripple effect ? for example, health inspectors may have... to reject export fruit because of bacterial contamination or bioaccumulation of heavy metals. Economic growth implies industrialisation and urbanisation, which will result in further deterioration of our water resources. The National Water Resource...

  6. Ranking of Developing Countries Based on the Economic Freedom Index

    OpenAIRE

    Zirak, Masoumeh; Mehrara, Mohsen

    2013-01-01

    In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 2010, results showed that with regard to the degree of economic freedom or Economic openness, attract foreign direct investment in each country is different. In this study china, Equator, Liberia, Az...

  7. Law, Economic Growth and Human Development: Evidence from Africa

    OpenAIRE

    Asongu Simplice

    2011-01-01

    This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both overall economic and human components in our understanding of how regulation quality and the rule of law lie at the heart of economic and inequality adjusted human developments. Findings summarily reveal that legal-origin does not explain economic growth and human development beyond the mechanisms of law. Our results support the current consensus that, English common-law coun...

  8. Influence Factors of the Economic Development Level Across European Countries

    OpenAIRE

    Diana Ioana POPA

    2016-01-01

    The economic development level of a country refers to the measure of the progress in an economy that could be measured, especially through GDP or GDP per capita. The level of these indicators can be influenced by many factors as a large scale, from social and economical to environmental and government policies factors. The paper aims to investigate some of these influence factors of the economic development level, represented in this case by GDP per capita, across European countries in the...

  9. Assessing the Effectiveness of Guided Preparation for New Venture Creation: Theory and Practice

    DEFF Research Database (Denmark)

    Pons Rotger, Gabriel; Gørtz, Mette; Storey, David

    2012-01-01

    Governments in virtually all developed countries subsidise “guided preparation” for entrepreneurial activity. Despite being so widespread, the evidence that this assistance enhances venture performance remains in dispute, primarily because of a lack of consensus over statistical approaches...

  10. Health care joint ventures between tax-exempt organizations and for-profit entities.

    Science.gov (United States)

    Sanders, Michael I

    2005-01-01

    Health care exempt organizations have many options regarding their structure and affiliations with for-profit entities. As long as any joint ventures are carefully structured and the nonprofit retains control over the exempt health care activities, the Internal Revenue Service should not question the structure. However, as outlined above, if the for-profit entity effectively gains control over the activities of the venture, the structure is not likely to be upheld by the IRS or the courts, and either the exempt status of the nonprofit will be denied or revoked, or health care income will be subject to the unrelated business income tax. In summary, the health care industry has been severely impacted by many economic forces, including uncertainty in the area of joint ventures between nonprofits and for-profit health care systems. The uncertainty as to whether the joint venture would negatively impact the nonprofit's tax-exempt status undoubtedly caused many nonprofits to form for-profit subsidiaries and otherwise expanded operations in a for-profit marketplace. Fortunately, with the guidance that is currently available in the form of Revenue Ruling 98-15, Redlands, St. David's, and now Revenue Ruling 2004-51, health care institutions can move forward with properly structured joint ventures with greater confidence that the joint venture will not endanger the tax-exempt status of the nonprofit.

  11. Modeling the Economic Behavior of Households within the Context of Development of Economic Thought

    Directory of Open Access Journals (Sweden)

    Ivanov Roman V.

    2017-04-01

    Full Text Available The main purpose of the publication is to study formation of the household economic behavior modeling in the context of development of economic thought and methods of the economic-mathematical modeling. The study was carried out under the assumption that, when studying the development of theoretical and methodological foundations of the economic behavior of households one must take into account not only the history of development of economic theory, but also the transformation of attitudes in other areas of human knowledge, in particular the paradigm shift in scientific thinking. It has been specified that the massive use of mathematical methods in economics is associated with formation of the marginal theory and at the same time – with the proliferation of the marginal analysis. At the present stage, the economic behavior of households is being analyzed in the terms of concepts such as neoclassicism, institutionalism and behaviorism. But by dividing the concepts of «individual» and «household», it can be argued that precisely the institutionalism in conjunction with synergistic approach provide the basis for elaboration of strategies for the economic behavior of households, ensuring their economic security.

  12. FORMATION OF ECONOMIC MECHANISM OF INDUSTRIAL ENTERPRISE DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Shestakova E. V.

    2015-06-01

    Full Text Available Now in research of social and economic systems synergy approach according to which the entity represents the open self-organizing (spontaneous system gains ground. Such representation of the entity in the context of modern economic science requires development of new mechanisms and management tools. The purpose of researches in the sphere of synergy management is development of mechanisms of self-organization, and also information filling of its elements. Complexity of processes of self-organization dictates need of integration of separate types of the mechanisms differing on a method of creation, uniformity of elements, complexity, a strategic orientation, target orientation, management functions. Thus, the integrated mechanism of self-organization of the entity represents multi-level system of the interconnected mechanisms (organizational, economic, information, motivational differentiated on elements. In article content of the economic development mechanism of the entity reveals; its purposes, subjects, objects, the principles, methods, tools and resources are considered. On the basis of research of features of development of social and economic systems the ratio of stages of enterprise lifecycle with self-organization process stages is established. The principles of the economic development mechanism of the entity are proved: financial independence, self-sufficiency, economic feasibility, responsibility, resource capability, economic control, interest. Methods of the economic mechanism (planning and forecasting, marketing activity, economic diagnostics, financial credit policy, economic incentives are allocated and the tools corresponding to them are proved. Features of sale of the economic mechanism at stages of dynamic balance and bifurcation are established. The practical importance of results of research consists in development of development mechanisms of the industrial enterprises promoting achievement of long-term competitive

  13. Getting Financed : 9 Tips for Community Joint Ventures in Tourism

    OpenAIRE

    World Bank Group; World Wildlife Fund

    2014-01-01

    Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes around the world. Having demonstrated some extraordinary development results, joint ventures increasingly need to demonstrate their commercial viability over the long term. Moving out of the donor an...

  14. 15 CFR 296.8 - Joint venture agreement.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture agreement. 296.8 Section... PROGRAM General § 296.8 Joint venture agreement. NIST shall not issue a TIP award to a joint venture and no costs shall be incurred under a TIP project by the joint venture members until such time as a...

  15. A Research-Based Development Economics Course for Undergraduates

    Science.gov (United States)

    Singh, Prakarsh; Guo, Hongye; Morales, Alvaro

    2015-01-01

    The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original…

  16. 76 FR 76491 - Economic Development Administration Regulatory Revision

    Science.gov (United States)

    2011-12-07

    ... Regional Innovation Clusters or RICs to define this important economic development strategy. See proposed... definition to emphasize vertical integration while remaining flexible by defining RICs as ``networks of... Vol. 76 Wednesday, No. 235 December 7, 2011 Part II Department of Commerce Economic Development...

  17. Does Islamic Banking Contribute to Economic Development? Evidence from Malaysia

    Directory of Open Access Journals (Sweden)

    Hafas Furqani

    2008-08-01

    Full Text Available Does Islamic banking contribute to the economic development of a country? In what way Islamic banking contribute to the economic development? Are the main question might be asked to examine the viability of Islamic banking to the economic development. This paper attempts to answer those questions by examining the dynamic interactions between Islamic banking and economic development of Malaysia by employing the Cointegration test and Vector Error Model (VECM to see whether the Islamic financial system contributes to the economic development and economic development that contribute to the transformation of the operation of the Islamic financial system in the longrun. We use time series data of total Islamic bank financing (IB financing and real GDP per capita (RGDP, fixed investment (GFCF, and trade activities (TRADE to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank to develop for 1997:1-2005:4. Where as in the long-run, there is evidence of a bidirectional relationship between Islamic bank and fixed investment and there is evidence to support ‘demand following’ hypothesis of GDP and Islamic bank, where increase in GDP causes Islamic banking to develop and not vice versa. Islamic banking is also found to have less contribution to the international trade in the form of export and import of goods and services.Keywords: Islamic banking, economic growth, Malaysia, VECM

  18. Workforce Training and Economic Development Fund: 2015 Annual Progress Report

    Science.gov (United States)

    Iowa Department of Education, 2015

    2015-01-01

    The Department of Education, Division of Community Colleges, will annually provide the State Board of Education with The Workforce Training and Economic Development (WTED) Fund Annual Progress Report. Administration and oversight responsibility for the fund was transferred from the Iowa Economic Development Authority to the Iowa Department of…

  19. Outward-Oriented Economic Development and the Irish Education System

    Science.gov (United States)

    Barry, Frank

    2014-01-01

    Most studies of the relationship between education and economic development focus on the line of causation running from the former to the latter. The present paper studies how the pattern of Irish development has influenced the structure of the Irish education system. The first section sets out the economic context of late industrialisation within…

  20. Chongqing Economic and Technological Development Area:Community Overview

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Chongqing Economic and Technological Development Area, for 13 years of development, has made detailed work in building the investment environment, bold job in the management system innovation, full strengths in business recruitment and investment attacting,hard job in cultivating new point of economic growth.

  1. GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

    OpenAIRE

    Fazekas Balazs

    2014-01-01

    JEREMIE (Joint European Resources for Micro to Medium Enterprises) program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture c...

  2. Women and economic development: Igbo women example ...

    African Journals Online (AJOL)

    National development has been a universal issue. Every country wants to develop in all areas of life and the development of a nation starts with the development of the communities that make up the nation. In some countries like America, China, Germany and so on, the development of their economy is the major area of ...

  3. Economic development and Environmental quality: The ...

    African Journals Online (AJOL)

    The main aim of this study was to analyze evidence of an environmental Kuznets curve for water pollution in the developing and developed countries. The study was conducted based on a panel data set of 54 countries – that were categorized into six groups of “developed countries”, “developing countries”, “developed ...

  4. THE RENEWABLE ENERGY PRODUCTION-ECONOMIC DEVELOPMENT NEXUS

    Directory of Open Access Journals (Sweden)

    Gorkemli Kazar

    2014-04-01

    Full Text Available As renewable energy requirements increases, its relation with development is controversial. In this study, by taking human development index for development level, the relationship between renewable electricity net generation values and development has been searched with panel analysis. Study covers two different time periods: 1980-2010 with 5 year data to analyze long term effects and 2005-2010 yearly data for short term effects. Unlike previous studies, energy generation has been taken into consideration for it is thought to be more related with economic development. It is found that in the long run economic development will be leading to renewable energy production, while in the short run there exists a bidirectional causal relationship between renewable energy production and economic development. In addition, the causal relationship between economic development and renewable energy production varies both in the long run and in the short run due to human development level of the countries.

  5. Economic development and industrial structure - an overview

    Energy Technology Data Exchange (ETDEWEB)

    Nordaas, Hildegunn Kyvik

    1997-09-01

    The essay offers a selective review of central issues related to economic growth. The interrelationship between technological progress, capital accumulation, specialisation and industrial structure is emphasised. It is concluded that, first, there is little evidence that industrial structure plays an independent role in growth. Second, economists have been more successful in explaining the consequence of technological progress than the determinants of technological progress. However, even the consequences are not well understood and there is still a long way to go before general and well-documented policy implications can be drawn. (Author)

  6. How do new ventures in MNC ecosystems proactively overcome interfirm asymmetries?

    Directory of Open Access Journals (Sweden)

    Shameen Prashantham

    2011-09-01

    Full Text Available Several contemporary large multinational corporations (MNCs have developed interfirm ecosystems that are likely to attract a heterogeneous set of actors, including new ventures. New ventures are asymmetric vis-à-vis the focal MNC in terms of organisational size, structure and power which could be an impediment to the development of social capital between these sets of firms. And yet MNCs are potentially a source of novel information, opportunities and ideas. An interesting question to consider therefore is how new ventures overcome interfirm asymmetries to develop and leverage social capital with large MNCs. Our synthesis of the academic literature suggests that some new ventures are more adept than others at partnering with MNCs because they are more proactive in forming and leveraging interfirm ties with large MNCs. Insightful observations of four panellists shed light on how startups’ proactive behaviours can be vitally important in forming, consolidating and extending relationships with large MNCs.

  7. The Financial Regulation of the Country’s Economic Development

    Directory of Open Access Journals (Sweden)

    Davydova Irina I.

    2017-12-01

    Full Text Available The article is aimed at disclosing the essence of the system of financial regulation of economic development of the country, defining institutional foundations in the process of development of financial mechanism. Approaches to strengthening the efficiency of financial policy as an important economic institution, which should significantly influence economic growth, have been developed. The directions of increase of efficiency of budget policy in conditions of institutional changes have been defined. Currently, financial regulation of the country is being formed in the context of socio-economic policy, which is resulting from the need for the State participation in the world economic and financial relations, for improving the quality of public services on the part of the State, which requires the implementation of a strategy of economic growth at a qualitatively new institutional level. The State financial policy should ultimately focus on the appropriate endogenous factors of economic growth. In modern conditions it is expedient to strengthen the role of financial policy as a significant macro-economic instrument, which provides an effective influence on achievement of financial and economic balance, efficiency of economic transformations.

  8. Migratory Bird Joint Ventures of New Mexico

    Data.gov (United States)

    Earth Data Analysis Center, University of New Mexico — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  9. Modelling management process of key drivers for economic sustainability in the modern conditions of economic development

    Directory of Open Access Journals (Sweden)

    Pishchulina E.S.

    2017-01-01

    Full Text Available The text is about issues concerning the management of driver for manufacturing enterprise economic sustainability and manufacturing enterprise sustainability assessment as the key aspect of the management of enterprise economic sustainability. The given issues become topical as new requirements for the methods of manufacturing enterprise management in the modern conditions of market economy occur. An economic sustainability model that is considered in the article is an integration of enterprise economic growth, economic balance of external and internal environment and economic sustainability. The method of assessment of economic sustainability of a manufacturing enterprise proposed in the study allows to reveal some weaknesses in the enterprise performance, and untapped reserves, which can be further used to improve the economic sustainability and efficiency of the enterprise. The management of manufacturing enterprise economic sustainability is one of the most important factors of business functioning and development in modern market economy. The relevance of this trend is increasing in accordance with the objective requirements of the growing volumes of production and sale, the increasing complexity of economic relations, changing external environment of an enterprise.

  10. Institutional factor in international economic activity of region and its socio-economic development

    Directory of Open Access Journals (Sweden)

    Elena Leonidovna Andreeva

    2016-12-01

    Full Text Available The article substantiates the impact of the institutional factor on the development of regional international economic relations. The scope of the study is regional international economic activity (IEA, the subject-matter is the role of the institutional factor in its development. The study purpose is to develop a scientific approach for the assessment of the institutional factor impact on the development of region’s international economic relations. The hypothesis is that the targeted efforts of all participants of IEA of the region (business, authorities, local community to strengthen of theese components of the institutional factor, which have a strong influence on the regional socio-economic development. A methodological approach for the assessment of this influenceis developed. It includes determining three elements of IEA institutionalization—agreements, organizations, events. A three-dimensional model is proposed for the coordination of these elements with 3 groups of countries—developed, developing and CIS, including the Eurasian Economic Union, and also with basic indexes characterizing the qualitative and quantitative contribution of region’s IEA into its socio-economic development. This model is tested on the example of the Sverdlovsk region of Russia for 2003–2015. That has allowed to define various kinds of the effects from strenthening the IEA institutional component, which are expressed in the increase of the export of the region, improvement of its investment attractiveness, the diversification of regional economy as well as the the generation of additional jobs and tax flows increase.

  11. Influence of Economic Factors on Development in China

    Directory of Open Access Journals (Sweden)

    Viktoria S. Matyushkina

    2012-05-01

    Full Text Available The article deals with problems caused by economic factors in the development of international tourism in China. Factors posing threads to development of tourism in China are considered.

  12. New venture creation as emerging interdependencies

    DEFF Research Database (Denmark)

    van Oorschot, Robin; Gottlieb, Frederik

    2015-01-01

    into an evocative and analytical direction which is rarely touched upon in the dominant literature on entrepreneurship. We illustrate the value of narrative research in enabling us to investigate what new venture creation is, from an involved participant perspective. We find interdependencies as enabling...... constraints between the persons involved in creating the new venture, paradoxically at the same time opening up and closing down opportunities, which affects the decision making....

  13. Entrepreneurial Learning, Heuristics and Venture Creation

    OpenAIRE

    RAUF, MIAN SHAMS; ZAINULLAH, MOHAMMAD

    2009-01-01

    After rigorous criticism on trait approach and with the emergence of behavioral approach in entrepreneurship during 1980s, the researchers started to introduce learning and cognitive theories in entrepreneurship to describe and explain the dynamic nature of entrepreneurship. Many researchers have described venture creation as a core and the single most important element of entrepreneurship. This thesis will discuss and present the role of entrepreneurial learning and heuristics in venture cre...

  14. Aksa plans polypropylene joint venture

    International Nuclear Information System (INIS)

    Alperowicz, N.

    1992-01-01

    Turkish acrylic fiber maker Aksa (Yalova), part of the Akkok textile conglomerate, is studying construction of a world-scale polypropylene (PP) plant as part of its diversification plans. The company says it is engaged in discussions with three 'multinations in the PP business' on the possibility of a joint venture. One of the firms is understood to be Amoco. Aksa is looking at three possible locations for the 100,000 m.t.-150,000 m.t./year plant: Yalova, near Istanbul, where its existing plants are located; Zonguldak, on the Black Sea coast; and within one of the existing complexes or a new site belonging to state-owned Petkim. Aksa has not yet discussed that option with Petkim, which recently received approval to build a $2.5-billion petrochemical complex. The Aksa PP plant would cost about $100 million and would use propylene from world markets. The onstream date depends on Aksa's ability to link up with a foreign partner, but it hopes to complete the unit within three years. Turkey has only one PP plant, a 65,000-m.t./year Petkim unit at Aliaga. The domestic market is currently two to three times that amount and is growing. Petkim also plans a 200,000-m.t./year PP plant as part of its new complex

  15. 77 FR 19178 - Proposed Information Collection; Comment Request; Comprehensive Economic Development Strategy

    Science.gov (United States)

    2012-03-30

    ... DEPARTMENT OF COMMERCE Economic Development Administration Proposed Information Collection; Comment Request; Comprehensive Economic Development Strategy AGENCY: Economic Development Administration... to John Cobb, Program Analyst, Office of Regional Affairs, Room 7009, Economic Development...

  16. Sustainable Venture Capital Investments: An Enabler Investigation

    Directory of Open Access Journals (Sweden)

    Elena Antarciuc

    2018-04-01

    Full Text Available Investing in sustainable projects can help tackle the current sustainability challenges. Venture capital investments can contribute significantly to the growth of sustainable start-ups. Sustainable venture capital (SVC research is just emerging. This paper identifies enablers for sustainable venture capital investments in Saudi Arabia taking into account different stakeholders and firm’s tangible and intangible resources. Using perspectives from venture capital experts in Saudi Arabia and the grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL method, this study pinpoints the most critical enablers and investigates their causal and effect interconnections. The methodological process consists of reviewing the SVC literature and consulting the experts to identify the SVC enablers, creating a questionnaire, acquiring the answers from four experts, analyzing the data with grey-based DEMATEL and performing a sensitivity analysis. The government use of international standards, policies and regulations for sustainable investments, the commitment of the venture capitalists to sustainability and their deep understanding of sustainable business models are the most influential enablers. The paper concludes with implications for different actors, limitations and prospective directions for the sustainable venture capital research.

  17. Life Insurance Contribution, Insurance Development and Economic Growth in China

    Directory of Open Access Journals (Sweden)

    Wang Ying

    2017-07-01

    Full Text Available Under L-type economy, remodelling the growth power in the medium and long term is essential. The insurance industry during the 13th Five-year Plan period has been given a heavy expectation on promoting economic quality and upgrading economic efficiency, so it will try to accelerate its innovation and development process which serves national needs, market demand and people's requirements. Referring to the previous researches of Solow and Zhang and measuring Capital Stock and Total Factor Productivity independently, the paper analyses the inherent correlation between insurance (including life insurance and non-life insurance and economic growth, reveals the contribution law of the insurance development in economic growth in the short and long term from both economic scale and quality respectively. It also shows enlightenments on policy decision for insurance industry, thus helps economic stability under the downturn periods.

  18. Venture business and control of ь organizations under globalization

    OpenAIRE

    Ostap Boiko; Olga Pogaidak; Petro Khariv

    2015-01-01

    The activity of venture companies and peculiarities of each management stage of venture financing which in modern terms is quite risky has been described in the article. The state of venture entrepreneurship in the world and in Ukraine has been analyzed, the main problems faced by domestic venture enterprises have been outlined and ways of their solution have been determined. The method of forming the system for the venture controlling at industrial...

  19. Business Plans in New Ventures : An Institutional Perspective

    OpenAIRE

    Karlsson, Tomas

    2005-01-01

    This thesis is about business plans in new ventures. It takes an institutional perspective with a particular focus on how external actors influence ventures through norms, regulations and way of thinking. Through an intensive study of six new ventures at a business incubator, and a structured, computer-aided analysis, this study probes the following questions: How are new ventures influenced to write business plans, and what sources influence them? What strategies do new ventures use to deal ...

  20. Services of Economic Development Organisations in Győr

    Directory of Open Access Journals (Sweden)

    Adrienn Reisinger

    2017-12-01

    Full Text Available Economic development of a municipality is highly depended on organizations and institutions, which services target local entrepreneurs and other economic actors. In the summer of 2015 we have collected and mapped the services of organizations with the function of economic development in the Hungarian city, Győr. Through our research we could identify the services and the characteristics of linkages and cooperation of the economic development organizations (EDOs. Most important findings of the study are the followings: activity of the organizations has a wide range. Some of them are presented in more organizations at the same time. Level of diversification is quite low. Directions of cooperation are mainly based on personal or ad hoc relations. We conducted that EDOs know about each other, despite of this fact the number of linkages is low. In this paper we provide findings about Győr, but the results can be used for other settlements’ economic development, too.

  1. Development of Technology Transfer Economic Growth Metrics

    Science.gov (United States)

    Mastrangelo, Christina M.

    1998-01-01

    The primary objective of this project is to determine the feasibility of producing technology transfer metrics that answer the question: Do NASA/MSFC technical assistance activities impact economic growth? The data for this project resides in a 7800-record database maintained by Tec-Masters, Incorporated. The technology assistance data results from survey responses from companies and individuals who have interacted with NASA via a Technology Transfer Agreement, or TTA. The goal of this project was to determine if the existing data could provide indications of increased wealth. This work demonstrates that there is evidence that companies that used NASA technology transfer have a higher job growth rate than the rest of the economy. It also shows that the jobs being supported are jobs in higher wage SIC codes, and this indicates improvements in personal wealth. Finally, this work suggests that with correct data, the wealth issue may be addressed.

  2. Roles of airships in economic development

    Science.gov (United States)

    Beier, G. J.; Hidalgo, G. C.

    1975-01-01

    It is proposed that airships of known and tested technology could, in some cases, perform routine transport missions more economically than conventional transport modes. If infrastructure for direct surface transport is already in place or if such infrastructure can be justified by the size of the market and there are no unusual impediments to constructing it, then the airships of tested technology cannot normally compete. If, however, the surface routes would be unusually expensive or circuitous, or if they involve several transhipments, or if the market size is too small to spread infrastructure costs of conventional transport, the airships of tested technology present a workable alternative. A series of special cases are considered. The cases, though unusual, are not unique; there are several similar possible applications which, in total, would provide a reasonably large market for airships.

  3. Lack of production sharing laws slows joint ventures in Russia

    International Nuclear Information System (INIS)

    Knott, D.

    1995-01-01

    When Russia opened its doors to foreign oil companies in 1990, there was a rush to secure a piece of the country's potentially vast oil wealth. Since then, many of the ventures between Russian and non-Russian partners have become bogged down with operational problems and an ever changing tax and legal regime. There is a stockpile of massive developments building, while government grinds with seeming reluctance toward passing laws that will allow outside firms to do big business. For major development projects the main stumbling block is the lack of production sharing contract legislation. The paper describes the problems, the current legislation, and operating problems, then highlights several joint ventures that have been successful and several that have ended in pullouts of the foreign investor

  4. Venture capital and private equity investment preferences in selected countries

    Directory of Open Access Journals (Sweden)

    Krzysztof Dziekoński

    2016-01-01

    Full Text Available Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital, Business Angels or Mezzanine. Funding of this kind can finance risky investments in return for a higher expected rate of return on capital. Access to financial resources and the conditions under which entrepreneurs can use them can determine the introduction of new technology, new products and services, expand distribution channels, implement changes that may lead to the growth in competitiveness and above all, innovation, thus the growth of the company. The paper presents results of statistical analysis of the venture capital and private equity funds investment strategies in selected countries. As a result investment profiles are created.

  5. Considerations when analyzing investment in space transportation business ventures

    Science.gov (United States)

    S. Greenberg, Joel

    2000-07-01

    Private sector investment in space transportation, as in most business situations, requires the development of realistic and believable business plans that demonstrate that if an investment is made that there is a reasonable chance that the indicated financial performance will attract the necessary financing. The business plan must also indicate the assumptions upon which the plan rests, and as has become almost second nature to the space transportation industry, the necessary role of the government in risk reduction and/or capital formation [i.e., government actions that are necessary to make the business venture financially attractive]. This paper discusses and describes several factors that must be considered, by both government and industry, when developing a business plan for obtaining financing for space transportation business ventures.

  6. Human Capital, Population Growth and Economic Development: Beyond Correlations

    OpenAIRE

    Rosenzweig, Mark R.

    1987-01-01

    Empirical evidence on three assertions commonly-made by population policy advocates about the relationships among population growth, human capital formation and economic development is discussed and evaluated in the light of economic-biological models of household behavior and of its relevance to population policy. The three assertions are that (a) population growth and human capital investments jointly reflect and respond to changes in the economic environment, (b) larger families directly i...

  7. Environmental problems and economic development in an endogenous fertility model

    OpenAIRE

    Frank Joest; Martin Quaas; Johannes Schiller

    2006-01-01

    Population growth is often viewed as a most oppressive global problem with respect to environmental deterioration, but the relationships between population development, economic dynamics and environmental pollution are complex due to various feedback mechanisms. We analyze society’s economic decisions on birth rates, investment into human and physical capital, and polluting emissions within an optimal control model of the coupled demographic-economic-environmental system. We show that a long-...

  8. Environmental Aspects of Economic Development in Sub-Saharn Africa

    OpenAIRE

    Baytas, A.

    1991-01-01

    Studies on the economies of Sub-Saharan Africa have generally neglected the links between economic growth and environmental quality. In many such studies, economics and ecology have been treated as mutually exclusive rather than complementary domains. The key to Sub-Saharan Africa's future is to achieve sustainable growth. This calls for replacing the traditional concept of growth based economic output alone with a new approach that stresses development through conserv...

  9. Economics | Page 21 | IDRC - International Development Research ...

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

    ... in our globalizing world, major natural resource developments are spreading to more ... current beliefs about good practice in the provision of business development ... for their livelihoods — on farmland or forests, wetlands or coastal areas.

  10. Essays on Political Economy and Economic Development

    NARCIS (Netherlands)

    I. Lyubimov (Ivan)

    2014-01-01

    markdownabstractThe spillover of information from more developed economies to the less developed ones is of key importance for sustainable transition towards higher living standards in emerging societies. The amount and type of essential information which is transferred to developing world is far

  11. The main issues preventing Kosovo’s economic development

    Directory of Open Access Journals (Sweden)

    Demir Lima

    2017-11-01

    Full Text Available This study provides an analysis of several problematic factors preventing Kosovo’s economic development. Several sectors that could have been the main pillars of economic development, such as manufacturing, energy, mines and minerals, and other economic sectors have been neglected from the development by domestic institutions or were used clandestinely by certain interest groups, whose focus was not in the development of the country but rather their personal gain. Trade remained the preferred activity throughout these years, which cannot be considered a beneficial sector for economic development, as much as manufacturing, which remains to date as Kosovo’s most underdeveloped sector. As long as Kosovo’s exports cover only 12% of total imports, no economic growth can be expected. Kosovo’s failure to attract strategic investors in years, which could open new jobs, has also contributed its lack of sufficient economic development. Thus, the most concerning issue during this period is the decline in foreign direct investments, which were expected to increase after the declaration of independence. In the lack of a long-term development strategy for certain sectors or priority activities, such as mines, energy, industry etc., there is no progress in the country's economic development. The main issue is that we should only favor those activities or identify segments where we have competitive advantages compared to other countries.

  12. Bank Portfolio Structure and Economic Absorption Theory of Economic Development: A Theoretical Proposition

    Directory of Open Access Journals (Sweden)

    Uduak B. UBOM

    2016-11-01

    Full Text Available The focus of this article was on theoretical proposition of Bank Portfolio Structure and Economic Absorption Theory of economic development. Specifically, the work sought to establish the basis of bank portfolio rigidity and to identify the causes of economic absorption problems and their implications on economic development. The theoretical and conceptual research designs were used. Existing literatures were reviewed using archival retrieval approach, library search and internet exploration. The information obtained was judgmentally, logically and qualitatively analyzed. It was discovered among others, that, bank portfolio rigidity stems from regulatory policy defects using inconsistent monetary policy tools such as high liquidity ratio and cash ratio, etc. and compelling the banks to adhere to the regulatory requirement, as well as lack of adequate and quality stock of infrastructure and technology as the basic causes of economic absorption problems. Above all, low level of economic absorption has been discovered to hinder effective contributions of banks to economic development. Following from above, it was therefore recommended that regulatory tools used by Central Banks should be aligned with the development needs of the economy and the direction of governments. The monetary policy tools such as liquidity and cash ratios should also be moderated and stabilized for stable bank portfolio performance as well as aggressive improvement in the stock and quality of infrastructure and technology within an economy. With the new theory, it is expected that policy formulations and adjustments concerning bank portfolio structure and management would be designed with adequate flexibility and focus on long term loans and investments coupled with improved stock and quality of infrastructure to enhance economic development. This theory therefore provides another frontier of research on bank portfolio structure and contributions to economic development.

  13. Economism

    Directory of Open Access Journals (Sweden)

    P. Simons

    2010-07-01

    Full Text Available Modern society is characterised not only by a fascination with scientific technology as a means of solving all problems, especially those that stand in the way of material progress (technicism, but also by an obsessive interest in everything that has to do with money (economism or mammonism. The article discusses the relationship between technicism and economism, on the basis of their relationship to utilitarian thinking: the quest for the greatest happiness for the greatest number of people. Recent major studies of neo-liberalism (seen as an intensification of utilitarianism by Laval and Dardot are used as reference to the development of utilitarianism. It is suggested that the western view of the world, as expressed in economism and technicism, with a utilitarian ethics, features three absolutisations: those of theoretical thinking, technology and economics. In a second part, the article draws on the framework of reformational philosophy to suggest an approach that, in principle, is not marred by such absolutisations.

  14. Researches on Agricultural Cooperative Economic Organization Promoting Agricultural Insurance Development

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The advantages of cooperative economic organization being the effective carrier of agricultural insurance development are analyzed. Firstly, cooperative economic organization promotes scale management and solves the problem of decentralized operation of small households. Secondly, cooperative economic organization can settle the problem of peasants’ low systematization. Thirdly, cooperative economic organization can largely reduce the costs of agricultural insurance operation. Fourthly, cooperative organization decreases moral risks as well as adverse selection to some extent. Lastly, cooperative organization, to a certain degree, reduces the risks of agricultural production and increases the insurability of agricultural risks. Meanwhile, limitations of agricultural cooperative economic organization being the carrier of agricultural insurance operation are pointed out. Firstly, cooperative economic organization has limited coverage and small size of organization, which is harmful to the diversification of agricultural risks. Secondly, cooperative economic organization lacks capital funds and its development is not standard, which is not perfect for the function exertion as a carrier. Lastly, members of professional cooperative organization have low cultural qualities, which restrict the implementation of agricultural insurance. The modes of farmers’ cooperative economic organization promoting agricultural insurance development are proposed, including mode of agricultural insurance cooperative ( mutual corporation), mode of "leading enterprises (companies) + professional cooperative organization (planting majors) + insurance" and mode of professional cooperatives serving as agricultural insurance agent. Last of all, the promoting role of agricultural insurance in agricultural cooperative economic organization is briefly illustrated.

  15. The characteristics and performance of international joint ventures in Thailand

    OpenAIRE

    Suwannarat, P

    2010-01-01

    The importance of strategic alliances in the form of international joint ventures (IJVs) is growing in the present international business environment where competition is on a global scale. A review of the IJV literature, especially in developing countries, shows an over-emphasis on China and the NIEs (the first tier newly-industrialising economies: Taiwan, Singapore, Hong Kong, and South Korea). To date, relatively little attention has been paid to the ASEAN4 countries (the high-performing e...

  16. Collaboration in Local Economic Development: The Case of Toledo

    Directory of Open Access Journals (Sweden)

    Neil Reid

    2012-01-01

    Full Text Available Many American communities place a high priority on retaining and attracting innovative industries. However, in most American metropolitan areas, the responsibility for local economic development is fragmented along jurisdictional and institutional lines. The result of this fragmentation is that local economic development is often chaotic with no one individual, agency, or jurisdiction in control, which may inhibit the effectiveness of local economic development efforts. To address these challenges and more effectively utilize resources, there has been greater emphasis recently on regional collaboration in local economic development. The purpose of this paper is to measure the extent of collaboration among local economic development professionals in the Toledo, Ohio Metropolitan Statistical Area and to identify the extent to which these interactions constitute a social network. We believe that the existence of a strong social network among economic development professionals is critical to overcome some of the negative effects of jurisdictional and institutional fragmentation. While there is a core network of relatively dense collaboration in northwest Ohio, that network does not span the entire metropolitan area. A high level of local interactions occurs, but there are few “global pipelines” outside the region. A potential challenge for economic development in the region is to avoid “lock in”, which will make it more difficult to attract innovative industries or diversify the economy in order to decrease the traditional dependence on the auto industry.

  17. Cultural Tourism – a Model for Economic Development

    Directory of Open Access Journals (Sweden)

    Mihaela-Carmen MUNTEAN

    2012-11-01

    Full Text Available Tourism is a complex activity whose development is manifested in a fast pace, which in the last period determined it to become one of the most spectacular phenomena of recent decades, with important economic effects and particularly, social and human effects. This form of cultural tourism is identified as an engine for development and promotion of local cultural identities, offering neighboring communities an opportunity to preservation of cultural heritage as a resource for socio-economic local development. Thus, cultural tourism is the boundary between culture and tourism industry, its development influencing each other. Cultural tourism is a form of economic development based on cultural resources, contributing to national economic development.

  18. RELEVANCE OF ECONOMIC INSTRUMENTS USED IN SUSTAINABLE DEVELOPMENT PROCESS

    Directory of Open Access Journals (Sweden)

    SORINA-GEANINA MĂRGĂRIT (STĂNESCU

    2011-01-01

    Full Text Available The interaction between environmental, economic and social factors influences the ecological balance and generates the change of living conditions and those of socio-economic development. One of the essential conditions for building a sustainable economic development is the identification and implementation of active or voluntary instruments to influence economic and social activity towards ensuring their sustainability. In this paper, we intend to introduce the tools used in the process of sustainable development, which have a key role in adopting an environmentally responsible behavior. The results of this study are represented by the drafting of the advantages and disadvantages of using these economic and financial instruments. The purpose of this paper is to present the evolution of costs for environmental protection and the relevance of instruments used at the national level in environmental protection.

  19. ENTREPRENEURSHIP ECONOMIC SAFETY AND DEVELOPMENT OF SECURITY SERVICES

    Directory of Open Access Journals (Sweden)

    G. V. Goudkov

    2011-01-01

    Full Text Available Successful functioning of the industry that provides for safety of organizations and physical entities exercises strategic impacts on development of society and economics of any state including Russia. Economic safety of Russia is directly linked with economic and information safety of itsbusiness structures. Extension of the scope and use of services offered by experienced state and private security enterprises including licensed individuals is one of most important directions of business safety perfection. Further improvement of Russian legislation on non-governmentalsecurity structures and coordination of their activities with those of state law enforcement bodies is obligatory condition of attaining higherpublic and economic safety levels.

  20. Social and economic development of Russia: Finding new dynamics

    Directory of Open Access Journals (Sweden)

    Dmitry Medvedev

    2016-12-01

    Full Text Available This paper addresses Russian economic development and economic policy in 2015–2016. The analysis focuses on external and domestic challenges as well as the anti-crisis policy of the Russian government. Special attention is paid to key elements of the new model of economic growth in Russia. The paper discusses economic policy priorities for sustainable growth that include budget efficiency, structural reforms and import substitution, the encouragement of entrepreneurship, the efficiency of public administration, and the modernization of the welfare state.

  1. Universities and Economic Development Activities: A UK Regional Comparison

    Science.gov (United States)

    Decter, Moira; Cave, Frank; Rose, Mary; Peers, Gill; Fogg, Helen; Smith, Susan M.

    2011-01-01

    A number of UK universities prioritize economic development or regeneration activities and for some of these universities such activities are the main focus of their knowledge transfer work. This study compares two regions of the UK--the North West and the South East of England--which have very different levels of economic performance.…

  2. Economic and Workforce Development Program Annual Report, 2014

    Science.gov (United States)

    California Community Colleges, Chancellor's Office, 2014

    2014-01-01

    California's community colleges continue to play a crucial role in the state's economy by providing students with the skills and knowledge to succeed and by advancing the economic growth and global competitiveness of California and its regional economies through the Economic and Workforce Development Program (EWD). The EWD program invests in the…

  3. Mechanism of Economic Empowerment and Development in Nigeria ...

    African Journals Online (AJOL)

    Mechanism of Economic Empowerment and Development in Nigeria: A Discourse. ... AFRREV IJAH: An International Journal of Arts and Humanities ... NEEDS, the concept of economic empowerment, the policy thrusts of NEEDS, the strategies for employment generation, the institutional framework of NEEDS and the ...

  4. Variety and economic development : conceptual issues and measurement problems

    NARCIS (Netherlands)

    Frenken, K.; Saviotti, P.P.; Trommetter, M.; Cantner, U.; Hanusch, H.; Klepper, S.

    2000-01-01

    For any evolutionary theory of economic development, the understanding of the determinants of variety and its effects on economic systems is of central importance. On the one hand, increasing returns tend to standardize technologies thus reducing product variety. On the other hand, the resulting

  5. 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…

  6. Christian Church: A Catalyst for Economic Development in Nigeria ...

    African Journals Online (AJOL)

    Christian Church: A Catalyst for Economic Development in Nigeria. ... African Research Review ... The Nigerian economy had a truncated history from independence to present times and the economy has suffered series of economic instability because of a long period of unsustained growth in the per capital real income of ...

  7. Innovation systems, saving, trust, and economic development in Africa

    NARCIS (Netherlands)

    Pamuk, H.

    2014-01-01

    The five essays in the dissertation explore the interaction between economic development in Africa and three economic concepts from different fields: decentralized agricultural innovation systems, trust and saving practices. A relatively new view to boost agricultural growth is the implementation of

  8. To Conquer or Compel: War, Peace, and Economic Development

    OpenAIRE

    Gartzke, Erik; Rohner, Dominic

    2010-01-01

    Theories of economic development suggest variously that national income increases or decreases the propensity for states to fight, while systematic evidence of the impact of development on warfare is ambiguous or non-existent. The lack of empirical support for nominally opposing claims can be reconciled if elements of both perspectives are partially correct. We use a formal model to construct an explanation linking economic development with interstate conflict that resolves contradictory theo...

  9. Why higher economic growth cannot always enhance human development

    OpenAIRE

    Ahmed, Md Montasir

    2017-01-01

    This paper studies why higher economic growth cannot always enhance human development. In general, these two dimensions have a strong and positive relationship, but some countries appear unable to balance this relationship. As a consequence, there are some countries with high economic growth but sluggish human development progress. This paper studies how other factors besides GDP – women labor force participation, urbanization, and inequality - are correlated to human development. I construct...

  10. Social Capital, Creative Destruction and Economic Development

    NARCIS (Netherlands)

    Bezemer, Dirk; Dulleck, Uwe; Frijters, Paul

    2005-01-01

    This paper develops a conceptual framework for the role of social capital in the political economy of innovation, growth and reform, with illustrations from developing and transition countries. It identifies separate but related roles for the individual and communal interpretations of social

  11. Monetary Policy and Nigeria's Economic Development | Akujuobi ...

    African Journals Online (AJOL)

    This study investigated the impact of monetary policy instruments on theeconomic development of Nigeria, using multiple regression technique. Itwas found that cash reserve ratio was significant in impacting on theeconomic development of Nigeria at both 1% and 5% levels of significance,treasury bill at 5.6%, minimum ...

  12. Culture, Spirituality, and Economic Development: Opening a ...

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

    1 janv. 1995 ... Security, sustainability, and stability often depend on a system of values that has taken centuries to develop within a specific society. Current development strategies, however, tend to ignore, often underestimate, and sometimes undermine cultural values or the cultural environment, which are essential to ...

  13. Economics | Page 9 | IDRC - International Development Research ...

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

    With a focus on developing countries, this book presents novel comparative research spanning three continents. The result is a more universal and dynamic view of the shaping and reshaping of interactions between firms and universities within different countries at various stages of development. Read more about ...

  14. Economics | Page 8 | IDRC - International Development Research ...

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

    With a focus on developing countries, this book presents novel comparative research spanning three continents. The result is a more universal and dynamic view of the shaping and reshaping of interactions between firms and universities within different countries at various stages of development. Read more about ...

  15. Plural economics and territorial development from the perspective of sustainable development: theoretical elements of an economic sociology and a socio-economics.

    Directory of Open Access Journals (Sweden)

    Benoît Lévesque

    2009-10-01

    Full Text Available This text focuses on the contribution that the concept of plural economics is able to make today toward the advancement of research on the viability of territorial dynamics for sustainable development. The first part of our line of argumentation is centered on clarifying the concept of plural economics, based on studies on economic and social solidarity and on proposals emerging from the New Economic Sociology and the socio-economics of territories. In the second part, the concept of sustainable development is characterized from the angle of the so-called societal paradigm and its interactions with territory and with a plural and social economics. Aligned with the critique of the premises of neo-classical economics, the author accepts the need to re-connect the economy to a broader social and ecological perspective and to seek more effective answers to the challenges raised by the planetary socio-environmental crisis.. Keywords: Sustainable territorial development, plural economics, New Economic Sociology, economics of solidarity, ecological economics.

  16. Russian joint ventures, upstream deals hit fast clip

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that Russia is stepping up the pace of joint ventures and imports of petroleum technology and hardware. Among the latest action: Polar Lights, a 50-50 venture of Conoco Timan-Pechora Ltd. and Arkhangelskgeologia (AAG), started drilling in the first new-field oil-development project in Russia to include a US partner; The governments of Oman and the Kazakhstan republic signed an agreement covering oil and gas exploration, field development, and production in Kazakhstan; Phibro Energy Inc., Greenwich, Conn., last week reported the sale and delivery of the first full cargo of Russian crude oil produced and exported by a Russian-American joint venture; Era Aviation Inc., Anchorage, Alas., is sending two helicopters with crewmen to Russia to help assess the feasibility of oil and gas development off Sakhalin Island; In deals involving Canadian companies, SNC-Lavalin Inc., Montreal, received a contract for initial work on a $350 million (US) modernization of the Volvograd refinery in southern Russia

  17. Empiric Study about the Mix Fiscal Policy – Economic Development

    Directory of Open Access Journals (Sweden)

    Alexandru Sergiu Ocnean

    2006-11-01

    Full Text Available Economic development is one of the primary objectives of any government. Fiscal policy represents one of the most effective tools that government authorities could use in order to influence the economy. Having this in mind, this paper focuses on the connection between economic development and fiscal policy and proposes an empirical study based on a sample of 21 European countries. Using a simple pool data model, we tried to distinguish the relations between the evolution of GDP per capita, as a proxy for economic development, and the evolution of three fiscal policy variables, namely the tax burden, the public expenditure to GDP ratio and the budget deficit to GDP ratio.

  18. Empiric Study about the Mix Fiscal Policy – Economic Development

    Directory of Open Access Journals (Sweden)

    Alexandru Sergiu Ocnean

    2006-09-01

    Full Text Available Economic development is one of the primary objectives of any government. Fiscal policy represents one of the most effective tools that government authorities could use in order to influence the economy. Having this in mind, this paper focuses on the connection between economic development and fiscal policy and proposes an empirical study based on a sample of 21 European countries. Using a simple pool data model, we tried to distinguish the relations between the evolution of GDP per capita, as a proxy for economic development, and the evolution of three fiscal policy variables, namely the tax burden, the public expenditure to GDP ratio and the budget deficit to GDP ratio.

  19. GROWTH ECONOMICS AND DEVELOPMENT ECONOMICS: WHAT SHOULD DEVELOPMENT ECONOMISTS LEARN (IF ANYTHING) FROM THE NEW GROWTH THEORY?

    OpenAIRE

    Ruttan, Vernon W.

    1998-01-01

    Since their emergence as a distinct fields of inquiry in the early post World War II period there has been an uneasy relationship between growth economics and development economics. The emergence of a richer new growth economics' has opened up the possibilities of a more fruitful dialogue between the two subdisciplines. In spite of recent advances, particularly with respect to the human capital, and understanding of differences in growth rates and income levels across countries remains elusiv...

  20. Local economic development policy in Poland: Determinants and outcomes

    Directory of Open Access Journals (Sweden)

    Mariusz Wiktor Sienkiewicz

    2014-12-01

    Full Text Available The purpose of this article is to define nature, basis, and the effects of the economic development policy conducted by local governments in Poland. The analyses carried out are designed to define the role of local authorities in the management of economic development in the area. Furthermore, the purpose of this article is to analyse instruments for supporting economic development, which can be potentially used by local governments in Poland. The realization of this objective is possible by using descriptive methods based on a review of literature and the various types of documents and analysis on the policy of both the economic development and activities of local government, which implement this policy. The method of system analysis is also partially used in the article, and some results of surveys conducted among Polish and foreign investors and entrepreneurs in 2011 are presented. The article assumes that in spite of having a number of instruments, both formal and material, for encouraging economic development and business development, most local governments narrowly assess the current state of entrepreneurship and development trends, and perform an insufficient analysis of the potential of their area. Secondly, the formulated goals of economic development are not very innovative, ambitious or concrete. Furthermore, they do not arise directly from the analysis of the micro and macro-environment that affects the position and development of local government. Key words:

  1. Private Enterprise-led Economic Development in Africa

    DEFF Research Database (Denmark)

    Kuada, John

    2014-01-01

    As a continent, Africa occupies nearly a quarter of the World’s land area and home for one-seventh of its population. But a large proportion of the people, especially those living in Sub-Sahara Africa (SSA) are mired in abject poverty. Recent years have witnessed some positive developments. Six...... economics (i.e. the human side of economic activities) as a new theoretical platform for understanding economic growth and development. Furthermore, it introduces human capability development and the enabling factors as a framework for studying entrepreneurship and enterprise growth strategies in SSA....... of the world’s ten fastest-growing economies in 2010 were from there. But their growth has failed to translate into job creation and inclusive development. This experience has encouraged a renewed search for a sustainable economic development model for the sub-continent. The present dissertation contributes...

  2. Economics | Page 26 | IDRC - International Development Research ...

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

    Les petites entreprises de pêche emploient aujourd'hui 50 des 51 millions ... Let us use these ideas to ensure that our reconstruction and development go ... Do regulations benefit the environment, and how do they affect industrial innovation?

  3. Economics | Page 18 | IDRC - International Development Research ...

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

    It discusses national strategies for small enterprises, examines legal, ... from infrastructure development to regional security, policy reforms undertaken on a ... June 1996 when governments from around the world gathered in Istanbul, Turkey, ...

  4. Municipal Local Economic Development and the Multiplier effect: Piloting a Community Enterprise Identification Method in South Africa and Namibia

    Directory of Open Access Journals (Sweden)

    Lucienne Heideman

    2011-12-01

    Full Text Available Local Economic Development (LED is a contested concept in southern Africa, and has become synonymous with delivery of generic job-creation projects, often grant-dependent and unsustainable. Municipal LED has followed this pattern in South Africa since 1994, with little lasting success. Each local economy is unique, and has its own problems and opportunities. The ’Plugging the Leaks’ method recognizes that communities themselves know best how money enters and exits their area. By asking people to analyse their local economy as a 'leaky bucket', the method puts control back in the hands of local people, rather than external experts, and allows them to analyse their own local economy to identify gaps and opportunities for enterprise. By better networking and working collectively to improve their local economy, local communities are able to re-circulate cash internally. This circulation of cash is explained as the local multiplier effect in the workshops. A pilot process of running ‘Plugging the Leaks’ workshops in low income communities in South Africa and Namibia revealed that spending choices in these communities are severely limited in a context where there is no effective welfare state. Therefore, empowerment with this method came from the discovery of collective action and networking, rather than from individual spending choices. Local start-up business tends to be limited to survivalist and copy-cat one-person ventures, and are a last resort when formal employment is absent. In this context collective enterprise offers the necessary empowerment for people to attempt financially sustainable ventures that respond to a gap in the local economy. The pilot project is attempting to show that municipal LED staff can play the role of facilitator for initiating the enterprise-identification process and further mobilise state enterprise support agencies around the locus of LED, without crossing the line between facilitation and implementation

  5. Financial Development Following Economic Growth: The Chinese Case

    Directory of Open Access Journals (Sweden)

    Chan il Park

    2003-06-01

    Full Text Available The purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financThe purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financial development contrary to the mainstream view, which asserts that the well-functioning financial systems exert a large positive impact on economic growth via two channels- capital accumulation and technological innovations. The reverse causality is postulated by considering two factors in developments of the country's financial system. Firstly, this paper argues that the rapid accumulation of financial assets and the remarkable expansion of the financial system during the examined period are due primarily to income rises and changes in industrial structures rather than inefficient financial reforms. Secondly, it is recognized in this study that various financial reform measures undertaken by the state since 1994 are emerged endogenously in response to Chinese financial disorders and macroeconomic imbalances built up during the 1979~93 period. This line of thinking is not following the mainstream view in which financial reforms are regarded as policy variables (or exogenous variables in promoting economic growth. These two factors imply that the causality may run from economic growth to financial development at least in China.

  6. DIVERSIFICATION OF FINANCIAL FLOWS IN THE PROMOTION OF ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    T. Paentko

    2013-08-01

    Full Text Available The article is devoted to the problems of stimulating economic development. International experience of state regulation of economic development is studied. The optimal financing of economic development at the expense of economic entities and the state is justified. Applying of new software to quickly processing and interpreting data, which substantially reduces the time for making financial decisions and reduces the risk of errors. Prospects for further research study identified diversification of financial flows for various real economics industries through the application of information technology. To stimulate the development of the real economy to direct budget investments in terms of growth, which will provide impetus for economic development? In order to overcome the negative impact of institutional deformations in expenditure propose to use the mechanism of diversification of financial flows. Its essence is that the priorities of economic activities funded under the co-financing: budget grant and equity investors. To achieve sustainable GDP growth state should maintain the ratio of budget investments and investments for its own account enterprises in a certain percentage in the form of budget investments and investments on their own businesses.

  7. Nature's role in sustaining economic development.

    Science.gov (United States)

    Dasgupta, Partha

    2010-01-12

    In this paper, I formalize the idea of sustainable development in terms of intergenerational well-being. I then sketch an argument that has recently been put forward formally to demonstrate that intergenerational well-being increases over time if and only if a comprehensive measure of wealth per capita increases. The measure of wealth includes not only manufactured capital, knowledge and human capital (education and health), but also natural capital (e.g. ecosystems). I show that a country's comprehensive wealth per capita can decline even while gross domestic product (GDP) per capita increases and the UN Human Development Index records an improvement. I then use some rough and ready data from the world's poorest countries and regions to show that during the period 1970-2000 wealth per capita declined in South Asia and sub-Saharan Africa, even though the Human Development Index (HDI) showed an improvement everywhere and GDP per capita increased in all places (except in sub-Saharan Africa, where there was a slight decline). I conclude that, as none of the development indicators currently in use is able to reveal whether development has been, or is expected to be, sustainable, national statistical offices and international organizations should now routinely estimate the (comprehensive) wealth of nations.

  8. NEW VENTURE CREATION: HOW START-UPS GROW?

    Directory of Open Access Journals (Sweden)

    AIDIN SALAMZADEH

    Full Text Available ABSTRACT Start-ups, often seen as sources of innovation and change, are prone to failure and accordingly they are attracting considerable attention not least from policy makers and Government officials. However, the various new venture creation studies that have emerged since the early 1980s lack cohesiveness, and the domain remains controversial. This article not only exposes the limitations of the existing body of understanding on the topic but attempts to develop a more comprehensive and comprehendible framework for start up (new venture creation. To do so it uses the frameworks proposed by Whetten, and March and Smith to develop 11 propositions. The resultant model suggests that the creation of a start up involves the identification of an idea or opportunity by an entrepreneur who subsequently organizes a series of activities, mobilizes resources and creates competence using his/her networks in an environment in order to create value. It sheds light on the start-up (new venture creation process and has relevance for entrepreneurs, policy makers and researchers.

  9. Venture Capital and Cleantech: The wrong model for energy innovation

    International Nuclear Information System (INIS)

    Gaddy, Benjamin E.; Sivaram, Varun; Jones, Timothy B.; Wayman, Libby

    2017-01-01

    Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011. Less than half of that capital was returned; as a result, funding has dried up in the cleantech sector. But as the International Energy Agency warns, without new energy technologies, the world cannot cost-effectively confront climate change. In this article, we present the most comprehensive account to date of the cleantech VC boom and bust. Our results aggregate hundreds of investments to calculate the risk and return profile of cleantech, and we compare the outcomes with those of medical and software technology investments. Cleantech posed high risks and yielded low returns to VCs. We conclude that among cleantech investments, “deep technology” investments—in companies developing new hardware, materials, chemistries, or manufacturing processes—consumed the most capital and yielded the lowest returns. We propose that broader support from policymakers, corporations, and investors is needed to underpin new innovation pathways for cleantech. - Highlights: • A venture capital boom in clean energy technology went bust in 2008. • Cleantech offered high risk and low returns to investors. • Poor performance due to long development time for materials and chemicals. • Breakthrough energy innovations are often not a match for venture capital. • More research on alternative financing and support for cleantech is needed.

  10. The steps to forming a joint venture IPP in Poland

    Energy Technology Data Exchange (ETDEWEB)

    Allen, Z.; Colligan, M.J.

    1998-07-01

    Poland represents the largest market in Central Europe with 38 million people and an installed electrical generating capacity of about 32 gigawatts. Since 1989, when the process of governmental restructuring along free market principals began, the allure to IPP developers has been evident, but is of yet unrealized. The natural model for IPP development in Poland would seem to be joint ventures with Polish generating companies. These enterprises already have sites, franchises, and a going business to contribute to a joint company. There are a number of reasons why so few deals have been concluded in Poland to date, and a number of barriers still exist that tend to hamper the realization of project finance funded power joint ventures. But, these barriers are not insurmountable. Overcoming them in the context of a joint venture relationship with a domestic partner requires patience, work, and an ability to bridge the gaps between the realities of working in a post-Communist environment and the practicalities of structuring projects that can be financed in the international capital markets. The new Energy Law in Poland establishes a framework for a viable private sector power generation business. But the enabling regulations are yet to be published or approved. There is still effective political risk on account of the uncertainty this creates. Pressure is mounting on the Polish Government, especially due to its expressed interest in joining the EU, to get the power sector to operate on private sector terms, if not in private hands. The trends are pointing in the direction of increased market driven policies and practices. The conclusion is that, despite the delays of the past, independent power projects will start to happen in Poland on a joint venture basis, with increasing frequency in the next years.

  11. Chart Venture Partners' perspective on dual-use CBRNE technologies

    Science.gov (United States)

    Van Nice, C. S.; Gardner, P. J.

    2008-04-01

    Chart Venture Partners' (CVP) approach to investing in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) detection technologies can be best understood in the context of the unique partnership between the firm's two founding institutions. CVP was founded as a partnership between the Chart Group, a New York-based merchant banking and venture capital boutique, and InSitech Incorporated, a 501(c)(3) non-profit commercial partnership intermediary for the U.S. Army's Armament Research Development and Engineering Center (ARDEC) at Picatinny Arsenal in New Jersey. The partnership between Chart Group and Insitech has yielded a new investment model. Unlike most venture funds, CVP operates with a singular focus on early-stage defense and security technologies, with the important caveat that everything we invest in must also have dual-use application in large-scale commercial markets. CVP believes that early-stage CBRNE companies require five qualities to be viable investment candidates and successful start-up companies: Great Science, Strong IP Positions, Recognized Scientific Champions, Identified Dual-Use Market Pull, and "Real World" Technical Performance Data. When earlystage CBRNE companies decide to seek venture capital and pursue higher growth dual-use business models, we often find that certain issues arise that are not always fully contemplated at the outset, and that can create gaps between what the start-up companies are offering to investors and what those investors are seeking from their potential portfolio companies. These same issues can have significant positive or negative impact on shareholder value over time, depending on how they are managed. Specifically, startups should consider carefully their strategies related to business development, market positioning, government funding, and investment syndicate formation.

  12. Developmental State Policy, Educational Development, and Economic Development: Policy Processes in South Korea (1961-1979)

    Science.gov (United States)

    Kim, Ki Su

    2012-01-01

    This paper explores two inter-connected issues--the state's role in educational development and educational contribution to economic development--in the policy processes entailed by the South Korean state's pursuit of economic development during the Park Chung Hi era, 1961-1979. It disputes the statist view that South Korea's economic development…

  13. Development Economics between markets and institutions

    NARCIS (Netherlands)

    Bulte, E.H.; Ruben, R.

    2007-01-01

    This volume in the Mansholt series presents state of the art discussions on a wide variety of topics in the field of (agricultural) development. More than 20 chapters have been prepared by internationally known scholars and policy analysts, providing a concise overview of a variety of recent debates

  14. Implications for Sustainable Economic Development in Nigeria.

    African Journals Online (AJOL)

    This paper therefore examines the role of psychological empowerment in development of entrepreneurship among women. It is acknowledged that one major problem of underdevelopment in Nigeria is the issue of unemployment, especially among willing and employable Nigerians. Women have also been seen as very ...

  15. Relational knowledge leadership and local economic development

    NARCIS (Netherlands)

    Horlings, Lummina; Collinge, Chris; Gibney, John

    2017-01-01

    This paper concerns the role of spatial leadership in the development of the knowledge-based economy. It is argued within academic and practitioner circles that leadership of knowledge networks requires a particular non-hierarchical style that is required to establish an ambience conducive to

  16. Economics | Page 31 | IDRC - International Development Research ...

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

    Read more about Making Choices about Hydrogen : Transport Issues for Developing Countries. Language French. Ce volume traite de l'essor des accords commerciaux régionaux (ACR), qui se multiplient depuis les années 1990, et examine leur potentiel en tant qu'instrument propice à l'aplanissement des conflits ...

  17. Economics | Page 30 | IDRC - International Development Research ...

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

    Globalization is lauded by some as a tool for spreading peace and prosperity, and decried ... This book describes and analyzes the 3-year-long “L-20” project, whose ... in the environment for research and development (R&D) around the world. ... the “capability approach” of economist and Nobel Prize laureate Amartya Sen.

  18. Economics | Page 29 | IDRC - International Development Research ...

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

    Globalization is lauded by some as a tool for spreading peace and prosperity, and decried ... This book describes and analyzes the 3-year-long “L-20” project, whose ... in the environment for research and development (R&D) around the world. ... the “capability approach” of economist and Nobel Prize laureate Amartya Sen.

  19. Economics | Page 19 | IDRC - International Development Research ...

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

    Today, just as businesses must compete for survival, growth, and market space, librarians and information professionals must assume a more proactive role to cope with increasing competition. Read more ... Relationships between social policy and human development are the subject of much research and theorizing.

  20. Partnering for Economic Development: How Town-Gown Relations Impact Local Economic Development in Small and Medium Cities

    Science.gov (United States)

    Massey, Jennifer; Field, Sean; Chan, Yolande

    2014-01-01

    Universities play an increasingly prominent role in shaping regional, social, and economic development. In Canada, however, spatial, economic, and social differences between universities and their host communities continue to challenge positive town--gown relationships and undermine the benefits associated with high concentrations of prospective…

  1. Control of Resources for Economic Development in Food Networks

    DEFF Research Database (Denmark)

    Brink, Tove

    2010-01-01

    The challenge of economic development in the 21st century is linked to innovation. Enabling innovation contains a wide span from the new idea to learning how to provide value through the new idea and continuing to how to control resources to perform at prime. The focus in this paper is set on how...... to control resources for innovation to add value and economic development. This paper reveals how crossing dynamic composite underlying boundaries can have an impact on control of resources for economic development in food networking SMEs .The analyses in this paper shows the broad and significant impact....... Connections are revealed to have no significant influence on the internal control of resources but a significant direct influence on economic development through value chain activities. Through the analyses in this paper the notion of ‘boundary utility’ is elaborated as the crossing and transformation...

  2. Framework for Creating a Smart Growth Economic Development Strategy

    Science.gov (United States)

    This step-by-step guide can help small and mid-sized cities, particularly those that have limited population growth, areas of disinvestment, and/or a struggling economy, build a place-based economic development strategy.

  3. Undergraduate Research and Economic Development: A Systems Approach in Wisconsin

    Science.gov (United States)

    Van Galen, Dean; Schneider-Rebozo, Lissa; Havholm, Karen; Andrews, Kris

    2015-01-01

    This chapter presents the state of Wisconsin and the University of Wisconsin System as an ongoing case study for best practices in systematic, intentional, statewide programming and initiatives connecting undergraduate research and economic development.

  4. Economic valuation of aquatic ecosystem services in developing countries

    DEFF Research Database (Denmark)

    Korsgaard, Louise; Schou, Jesper S.

    2010-01-01

    -the silent water user. A promising way of placing aquatic ecosystems on the water agenda is by economic valuation of services sustained by ecosystems. In developing countries, the livelihoods of rural people often depend directly on the provision of aquatic ecosystem services. In such situations, economic......An important challenge of integrated water resources management (IWRM) is to balance water allocation between different users. While economically and/or politically powerful users have well developed methods for quantifying and justifying their water needs, this is not the case for ecosystems...... valuation of ecosystem services becomes particularly challenging. This paper reviews recent literature on economic valuation of aquatic ecosystem services in developing countries. "Market price" is the most widespread method used for valuating marketed ecosystem services in developing countries. "Cost based...

  5. Inclusive growth and development: An IDRC-World Economic Forum ...

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

    Advancing economic growth while achieving broad-based progress in living ... It will develop regional and global platforms whereby the private sector, local ... cooperation agreement to support joint research projects in December 2017.

  6. Social Capital and Economic Development: A Neighborhood Perspective

    Directory of Open Access Journals (Sweden)

    Matthew J. Hanka

    2017-12-01

    Full Text Available Sean Safford’s 2009 book Why the Garden Club Couldn’t Save Youngstown introduces a revolutionary idea that much of a community’s economic resilience is tied to the social capital that exists within it. Recent research suggests that social capital not only benefits those who develop it, but it can serve as a source of economic development in the communities in which it arises. Past quantitative research on the economic benefit of social capital has only examined the city or higher levels of aggregation. This study measures social capital in three diverse socioeconomic neighborhoods to better understand how social capital can serve as a tool for economic development. An ordered probit regression model was developed to examine how individual and neighborhood levels of social capital benefit households within these communities. Moreover, this study addresses how differences in social capital across neighborhoods are explained by both individual and neighborhood characteristics.

  7. Globalization, capital market and economic development in Nigeria

    Directory of Open Access Journals (Sweden)

    Olanrewaju Adewole Adediran

    2015-01-01

    Full Text Available This article examines the economic integration caused by globalization and effect of capital market in Nigeria context. It establishes the type of relationship and level of significance of globalization and capital market on the economic development. Globalization concept is framed as import plus export divided by growth ratio. The capital market was determined in terms of proxy (by GDP by price index. The growth ratio assessed the level of development using econometric model. The results suggest that sound economic reform and financial policies are necessary to achieve sustainable development in Nigeria. However, there is need to increase exports, reduce imports and control exchange rate for Nigeria to achieve sustainable economic development.

  8. Territory development as economic and geographical activity (theory, methodology, practice

    Directory of Open Access Journals (Sweden)

    Vitaliy Nikolaevich Lazhentsev

    2013-03-01

    Full Text Available Accents in a description of theory and methodology of territory development are displaced from distribution of the national benefits on formation of territorial natural and economic systems and organization of economical and geographical activity. The author reveals theconcept of «territory development» and reviews its placein thetheory and methodology of human geography and regionaleconomy. In the articletheindividual directions ofeconomic activity areconsidered. The author has made an attempt to definethesubject matter of five levels of «ideal» territorial and economic systems as a part of objects of the nature, societies, population settlement, production, infrastructure and management. The author’s position of interpretation of sequences of mechanisms of territory development working according to a Nested Doll principle (mechanism of economy, economic management mechanism, controlling mechanism of economy is presented. The author shows the indicators, which authentically define territory development

  9. Stereosat: A proposed private sector/government joint venture in remote sensing from space

    Science.gov (United States)

    Anglin, R. L.

    1980-01-01

    Stereosat, a free flying Sun synchronous satellite whose purpose is to obtain worldwide cloud-free stereoscopic images of the Earth's land masses, is proposed as a joint private sector/government venture. A number of potential organization models are identified. The legal, economic, and institutional issues which could impact the continuum of potential joint private sector/government institutional structures are examined.

  10. The Importance of Trust for Investment : Evidence From Venture Capital (Revision of DP 2009-43)

    NARCIS (Netherlands)

    Bottazzi, L.; Da Rin, M.; Hellmann, T.

    2010-01-01

    We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment decisions.

  11. The Importance of Trust for Investment : Evidence from Venture Capital (Replaced by DP 2010-49)

    NARCIS (Netherlands)

    Bottazzi, L.; Da Rin, M.; Hellmann, T.

    2009-01-01

    We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment decisions.

  12. Do international economic developments affect the South African economy?

    Directory of Open Access Journals (Sweden)

    JA Swanepoel

    2014-07-01

    Full Text Available Globalisation has opened economies more, exposing them to more international shocks and increasing the challenges to which domestic economic policies must respond. This paper provides a starting point for the analysis of the impact of international economic developments on the South African economy by means of graphical illustrations, correlations coefficients and in some cases a VAR analysis. Although this paper has shed some light on the importance of international economic developments on the South African economy, more rigorous econometric investigation is needed to validate the arguments and to address many of the unresolved questions.

  13. BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH INPALESTINE; 1995-2014

    Directory of Open Access Journals (Sweden)

    Gaber H. Abugamea

    2016-07-01

    Full Text Available This study uses both OLS regression estimation and Granger Causality test toinvestigate the relationship between the banking sector development andeconomic growth in Palestine over the period 1995-2014.OLS results show asignificant impact of banking size with a negative sign, insignificant impact ofcredit lending with a marginal one for lag credit andinsignificant impact ofefficiency on economic growth, respectively.Granger Causality testresultsshowone way causality runningfrom banking size to(GDPeconomic growthandfrom banking efficiency to(GDP per capitaeconomic growth one. Overall resultsreveals a weak nexus between banking sector development and economic growth.In specific, it recommends more improving in banking lending policy to beeffective in promoting economic growth.

  14. Skilled Labour market and economic development in the Mediterranean area

    OpenAIRE

    Adriana Luciano; Roberto Di Monaco

    2011-01-01

    Steady growing literature has examined the relationship between human capital and economic development. However, there is no empirical evidence that the increase in education is always related to growth. The purpose of this paper is to explore the links between human capital and growth in Mediterranean countries to put the premises for further research on single countries and on the functioning of the Mediterranean high skill labour market and the relationship with the economic development of...

  15. THE IMPACT OF GLOBALIZATION AND GOVERNANCE ON LOCAL ECONOMIC DEVELOPMENT

    OpenAIRE

    Armenia ANDRONICEANU

    2013-01-01

    Globalization and the crises context have influenced the local economic development in Romania and determined the government to adapt its policies according to them. This paper presents part of the results of a specific research on the impact of globalization and the government policies to the local economic development. The sample was composed by small and medium size enterprises from Bucharest. They are specialized in export of products from three main areas. The research methodology includ...

  16. ECONOMIC DEVELOPMENT AND EU CITIZENS’ PRO-ENVIRONMENTAL ATTITUDES

    OpenAIRE

    Elena N. UNTARU; Ana ISPAS; Adina N. CANDREA

    2014-01-01

    The present paper aims to determine the influence of EU member countries’ economic development on their citizens’ pro-environmental attitudes, using a Cluster Analysis, a Principal Components Analysis and a series of multiple regressions. In this sense, we have used the results of the 2012 survey on the „Attitudes of Europeans towards building the single market for green products”, as well as the 2012 statistical information referring to EU member countries’ economic development, provided by ...

  17. Kingdom of the Netherlands—Aruba; Recent Economic Developments

    OpenAIRE

    International Monetary Fund

    1999-01-01

    This Background Paper describes economic and financial developments in Aruba during 1997–98. The paper highlights that in the mid-1990s, the boom in the hotel sector came to an end, and the economy started to grow at a more sustainable pace. The paper reviews real economic activity, employment, and domestic price movements. It covers public finances and fiscal policy, including the budget for 1999, and also addresses monetary and exchange policy and developments. An analysis of recent trends ...

  18. Comprehensive biotechnology education and rural economic development

    OpenAIRE

    Holmes, L.; Brooks, J.

    2006-01-01

    North Carolina is home to the third largest biotechnology industry in the United States. With over 200 companies involved in manufacturing, research, testing or services and growing at a rate of 12 % per year, this North Carolina industry is aggressively expanding its biotechnology efforts in all domains: pharmaceuticals, agriculture, environment, foods and energy. The North Carolina Department of Commerce along with other state and regional entities are developing strategies to attract new c...

  19. Relational knowledge leadership and local economic development

    OpenAIRE

    Horlings, Lummina; Collinge, Chris; Gibney, John

    2017-01-01

    This paper concerns the role of spatial leadership in the development of the knowledge-based economy. It is argued within academic and practitioner circles that leadership of knowledge networks requires a particular non-hierarchical style that is required to establish an ambience conducive to networking and knowledge sharing across boundaries. In this paper, we explore this hypothesis at both theoretical and empirical levels. Theoretically, we propose a conceptualization of relational knowled...

  20. Nuclear energy consumption and economic growth in nine developed countries

    International Nuclear Information System (INIS)

    Wolde-Rufael, Yemane; Menyah, Kojo

    2010-01-01

    This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and Yamamoto (1995), we found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland; the opposite uni-directional causality running from economic growth to nuclear energy consumption in Canada and Sweden; and a bi-directional causality running between economic growth and nuclear energy consumption in France, Spain, the United Kingdom and the United States. In Spain, the United Kingdom and the USA, increases in nuclear energy consumption caused increases in economic growth implying that conservation measures taken that reduce nuclear energy consumption may negatively affect economic growth. In France, Japan, Netherlands and Switzerland increases in nuclear energy consumption caused decreases in economic growth, suggesting that energy conservation measure taken that reduce nuclear energy consumption may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures affecting nuclear energy consumption may not harm economic growth.