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. Program to Develop Abilities in Sustainable Venture

    Directory of Open Access Journals (Sweden)

    Ligia Coromoto Castro Nava

    2016-11-01

    Full Text Available This research aims to promote a program of abilities in sustainable venture for the third year students of the Francisco Tamayo School Technical located in Barinitas parish, Bolívar municipality state Barinas. Because of each school year shows desertion of studies cases and there is not the existence of actions to improve education specifically related to the sustainable venture that reinforce the bond between the training and working world. This investigation points to open opportunities on social and working inclusion. The nature of this study belongs to the qualitative approach of a participatory action research. It supports the field method and its methodological design was made in four phases: Reflection, Planning, Execution Plan, Scopes and Limitations, Reflection and Results. The key people will be: (01 student and (02 teachers. The technique of gathering information will be the observation and the deep interview. The analysis techniques of information were categorization, triangulation and interpretation. Among the preliminary considerations are expected abilities and skills acquisition to perform any activity that gain incomes. This fact will help students to cover their economic and familiar needs to complement personal development.

  6. Managing cooperative research and development ventures

    Science.gov (United States)

    Murphy, W. J.

    1985-01-01

    As cooperative ventures to conduct research and development become increasingly attractive, management of these collective undertakings poses new challenges to executives. In selecting the most appropriate organizational structure and strategy the author suggests that the collective enterprise executive must strike the best balance among three distinct but related elements: contribution of the participants; creation of benefits; and transfer of benefits to contributors. Eight types of cooperative R&D ventures are proposed with discussion of the unique management tasks associated with each type.

  7. 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

  8. The Opportunity of Joint Venture Strategies in the Present Economic Context

    OpenAIRE

    Kardos Mihaela; Zegrean Adela

    2011-01-01

    Even if most successful joint ventures are created when economy is in glorious times, the reality of the last years has shown true possibilities of obtaining advantages by considering joint venture strategies during economic crisis. Some Romanian companies, as presented in the paper, have noticed that could transform the crisis into an opportunity, by offering foreign investors the perfect place to implement a joint venture strategy. Consequently, under the name of a joint venture agreement, ...

  9. 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.

  10. 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... venture proportional to the Federal share of the costs of the joint venture as determined by independent...

  11. 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...

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

    OpenAIRE

    K. P. Aleksandrova

    2014-01-01

    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 enhance...

  13. Government and Private Sector Joint Venturing in Natural Resource Development: The Queensland Plantation Forestry Joint Venture Scheme

    OpenAIRE

    Harrison, S.R.; Miano, J.; Anderson, M.W

    1999-01-01

    This paper examines the role of joint ventures between government and resource owners to develop natural resources, with particular reference for forestry plantations. Findings of a survey of landholders participating or expressing interest in the Queensland Plantation Joint Venture Scheme are presented. Joint venture arrangements are found to overcome investment constraints, particularly with respect to capital, technical knowledge and resource security. Complementarities between resource su...

  14. Strategies for International Development in Knowledge Intensive New Ventures

    DEFF Research Database (Denmark)

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

    2011-01-01

    The overall question dealt with in this paper is how and why KIE firms engage in international development. Based on five in-depth case studies we illustrate that in addition to the well-known factors of internationalization, KIE ventures show a number of anomalies, suggesting that KIE ventures...... 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. Development of New B2B Venture Corporate Brand Identity

    DEFF Research Database (Denmark)

    Törmälä, Minna; Gyrd-Jones, Richard I.

    2017-01-01

    The development and role of brand identity in new B2B ventures is not well explored despite the challenge for such organisations in establishing reputational legitimacy. Previous research defines corporate brand identity as stable and endogenous to the organisation based either on the reputational...

  16. Developing corporate venture capabilities- the case of a european industrial conglomerate

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    The paper examines the role of replication in the development and governing of corporate ventures.......The paper examines the role of replication in the development and governing of corporate ventures....

  17. 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.

  18. Assessing New Economic Activity : Process and Performance in New Ventures

    OpenAIRE

    Dahlqvist, Jonas

    2007-01-01

    According to Joseph Schumpeter, entrepreneurs introduce new combinations that create market disequilibria. However, entrepreneurs also create their businesses by acting on already existing opportunity, thereby moving markets towards equilibrium. In any case, entrepreneurs change the economy by creating new economic activity. The overarching theme of this thesis is the conceptualization, operationalization and application of new economic activity as level of analysis in entrepreneurship resear...

  19. 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…

  20. 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…

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

    Science.gov (United States)

    2014-01-01

    Ecosystem ...43 ix Tables 2.1. Summary of the Innovation Ecosystem ...the information sharing between entrepreneurs and private venture capitalists. The degree to which this information has translated into effective

  2. 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.

  3. 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…

  4. 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)

  5. 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

    Frequent and open interaction between venture capitalists (VCs) and entrepreneurs is necessary for venture capital investments to occur. Increasingly, these investments are made across jurisdictions. The vast majority of these cross-border investments are carried out in a syndicate of two or more...... 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...... examine worldwide venture capital investment flows from 2000–2012 and consider the effects of geographical, cultural, and institutional proximity as well as institutional and relational trust. We find trust to mitigate the negative effects of geographical and cultural distance, where institutional trust...

  6. Co-operative ventures with developing countries - an assessment of recent experience

    International Nuclear Information System (INIS)

    Donndorf, H.M.

    1977-01-01

    The various forms of cooperation are described and assessed under the following headings: concession, joint venture agreement, service contract, intergovernmental agreements. The economic, technical and political aspects of cooperation are discussed. It is concluded that the governments in both producer and consumer countries should act in close cooperation with the private mining company, to get the most satisfactory results. (U.K.)

  7. 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.

  8. 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...

  9. 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)

  10. 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

  11. 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

  12. 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...

  13. Balanced Venture Cards : Integrating Information and Venture Nurturing Strategy to Prevent Shock & Awe

    OpenAIRE

    Jehan, Shahzadah Nayyar

    2003-01-01

    Although the venture development and nurturing strategies are not new, but most of these strategies are prone to shock and awe of unexpected developments while a venture goes through different stages of its life. In most cases the shock and awe of the unexpected developments in the venture is fatal and many ventures go down the drain in early stages of their development leaving a very small percentage of ventures joining the pool of successful ventures. The idea behind the balanced venture ca...

  14. 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

  15. 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...

  16. Generating social capital in globalised networks for growth and development in nascent entrepreneurial ventures

    OpenAIRE

    Simba, A

    2016-01-01

    Global markets are no longer dominated by multinational enterprises (MNEs) alone, international new ventures (INVs) or born globals are increasingly becoming serious contenders in terms of employment & wealth creation as well as revenue generation. In seeking to penetrate global markets they often rely on their entrepreneurial behaviours. Specifically, these nascent but entrepreneurial firms often take advantage of existing and newly developed networks, both domestically and internationally, ...

  17. 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.…

  18. Open Innovation Thinking as a Mechanism for Strategic Development of Knowledge Intensive Ventures

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann; McKelvey, Maureen

    Despite the significant number of studies conducted in the general area of entrepreneurship and management, little attempt has been made to systematically gather evidence on the innovation strategies pursued specifically by new knowledge intensive ventures, and how open innovation may influence...... the development of such ventures. This create a lack in our understanding of the mechanisms affecting knowledge-intensive entrepreneurship, its relation to open innovation and the outcome hereof, as well as the understanding of the linkages between the concept of open innovation and entrepreneurship. Relevant...... questions on the specificities hereof remain unanswered. This is the starting point of the current research study. In order to research the identified gap in knowledge, we address the following research question in this paper. How do strategic considerations unfold in the context of knowledge intensive...

  19. 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

  20. 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.

  1. 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

  2. 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...

  3. 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.

  4. 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

  5. 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...

  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. Joint venture instability: a life cycle approach

    OpenAIRE

    Roy Chowdhury, Prabal; Roy Chowdhury, Indrani

    2001-01-01

    Joint ventures represent one of the most fascinating developments in international business. In the last few decades, the rate of joint venture formation has accelerated dramatically. Nowadays joint ventures are much more widespread and occur in industries like telecommunications, biotechnology etc. At the same time, however, it must be noted that joint ventures are very unstable. In this paper we survey the phenomenon of joint venture instability. We draw on the relative recent theoretical l...

  9. 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…

  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

    involved in recognition and discovery. Consequently thepaper offers insight to a diversified group of actors who mix and match technological and marketcapabilities in a constant process of recognition and discovery.Key words: Corporate venturing, entrepreneurship, discovery, networks, opportunities,recognition....

  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. South Korea's Economic Development.

    Science.gov (United States)

    Ihm, Chon-Sun

    1988-01-01

    Examines South Korea's economic development from being one of the poorest nations in the world in the 1950s to becoming a "rising giant" in international trade. Surveys the path to growth, the reasons for success, and problems and new challenges facing the country as it seeks developed nation status. (GEA)

  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. 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.

  16. 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.

  17. 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

  18. International New Ventures

    OpenAIRE

    Knudsen, Thorbjørn; Koed Madsen, Tage

    2004-01-01

    The label ‘International New Ventures’ has been used to designate firms, which from their inception are oriented towards the international market place. The present article aims to test empirically whether such a type of manufacturing firms differ from comparable firms with respect to some basic characteristics. The motivation for doing so is to evaluate the usefulness of studying International New Ventures as a distinct form of economic organization.

  19. 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

  20. 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

  1. 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...

  2. Exit strategies for social venture entrepreneurs

    NARCIS (Netherlands)

    Nuer, A.T.K.

    2015-01-01

    Key Words: Social Venture Entrepreneurs, Exit, Ownership

    Social Venture Entrepreneurs invest in local and mostly bottom of pyramid (BoPs), and more so in developing economies. Different understanding and meanings given to the term exit and ownership, by social venture entrepreneurs and

  3. 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...

  4. Theory of Economic Development (Pyramids of Economic Development)

    OpenAIRE

    mashkoor, Aasim; ahmed, Ovais

    2015-01-01

    The theory we have designed the idea of economic development which remain associated with main elements that consists of two main development area, firstly is Health and secondly, Education development. The main factor of this idea to provide Human development that enormously influence on economic development which resulted from different perspectives. Many researches explained by analysis of focus variables of economic growth which have relationship to lead the economic development. In addit...

  5. Dynamic managerial capability of technology-based international new ventures

    DEFF Research Database (Denmark)

    Altshuler, Liliya

    2014-01-01

    that have enabled the INV to survive challenging events and periods in its development, including partial change of ownership and management, the international economic recession, adaption of its managerial processes to stable operations rather than entrepreneurial search, and choice of markets in relation......The article focuses on long-term development of technology-based international new ventures (INVs) and discusses aspects of managing such ventures once they are past the initial success and rapid internationalization and enter the stable development phase. The study builds on an in-depth process...

  6. 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

  7. 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…

  8. 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

  9. 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)

  10. 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

  11. 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.

  12. 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

  13. 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

  14. 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

  15. 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.

  16. 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

  17. 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

  18. 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....

  19. Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system

    Directory of Open Access Journals (Sweden)

    Tatiana Ivanovna Volkova

    2012-09-01

    Full Text Available The objective of the research is to elaborate institutional criteria for the assessment of intellectual products` potential realization in the venture financing system which are not presented in the existing works on venture investments. Research methodology is based on synthesis of institutional and new institutional economics theory, theories of innovations, uncertainty and risk, management of innovations. Essential characteristics of venture financing are structured in the paper, its treatment as an economic category is suggested. A number of common institutional criteria for the assessment of intellectual products` potential feasibility in the system of venture financing are outlined and grounded. The structure of institutional field of venture financing (by the example of Sverdlovsk region is elaborated with consideration of projected development and coevolution of formal and informal institutions as a favorable environment for drawing into economic turnover and commercialization of technological developments and projects. Analytical investigation of structural elements for creation of institutional field of venture financing in Sverdlovsk region is performed, a range of common and specific problems, contradictions and recommendations are outlined. The paper introduces institutional criteria for the assessment of intellectual products` potential feasibility.

  20. 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

  1. Economic Development of Nigeria

    African Journals Online (AJOL)

    User

    development refers to the structural transformation of human society from ... Furthermore, the challenge to development … is to improve the quality of life. Especially in the world's poor countries, a better quality of life generally, calls for higher .... in developing, countries at stages of industrial development ranging from.

  2. 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.

  3. What about the entrepreneur? How static business models drive and hinder the development of self-sustaining local energy access ventures

    NARCIS (Netherlands)

    Wakkee, I.A.M.; Barua, R.D.; van Beukering, P.

    2014-01-01

    The central assumption of publicly-supported market development programs is that providing resources to local entrepreneurs and strengthening the business environments fosters the emergence of self-sustaining local energy access ventures. We explore this assumption by applying a business model lens

  4. 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

  5. The Organization for Economic Cooperation and Development

    National Research Council Canada - National Science Library

    Jackson, James K

    2007-01-01

    The Organization for Economic Cooperation and Development (OECD) is an intergovernmental economic organization in which the 30 member countries1 discuss, develop and analyze economic and social policy...

  6. 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.

  7. 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.

  8. African Journals Online: Economics & Development

    African Journals Online (AJOL)

    Items 1 - 47 of 47 ... This biannual, peer reviewed journal aims at providing space for sharing and debating issues of social, political and economic development not only for ... or economics as an interdisciplinary social science, with special emphasis on African economies and/or how they relate to other economies in Africa or ...

  9. 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

  10. Essays in Economic Development

    OpenAIRE

    MOTT, Graham

    2010-01-01

    This dissertation studies the impact that various programs, from small-scale behavioralinterventions to large-scale multi-national projects, have on those living in the developingworld.The first chapter of this dissertation, "Business Training and Behavioral Biases:A Field Experiment with Micro-Entrepreneurs in Ethiopia", is joint work withBiruk Tekle, a researcher at the Ethiopian Development Research Institute. We conducteda field experiment with 590 small businesses in Addis Ababa where we...

  11. 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.

  12. When Venture Philanthropy Rocks the Ivory Tower

    Science.gov (United States)

    Boverini, Luisa

    2006-01-01

    This essay explores the implication of venture philanthropy for higher education fund raising. The author provides a detailed description of venture philanthropy, including the social context driving its development. Then, the benefits brought to higher education by this style of philanthropy are explored. Finally, a single example of venture…

  13. 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

  14. 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......'s success, but is not verifiable. Asa result, the market equilibrium is biased towards inefficiently low venture capitalsupport. The capital gains tax becomes especially harmful, as it further impairsadvice and causes a first-order welfare loss. Once the capital gains tax is in place,limitations on loss off......-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...

  15. 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)

  16. Political Predation and Economic Development

    OpenAIRE

    Azam, Jean-Paul; Bates, Robert H; Biais, Bruno

    2005-01-01

    Economic growth occurs as resources are reallocated from the traditional sector to the more productive modern sector. Yet, the latter is more vulnerable to political predation. Hence, political risk hinders development. We analyse a politico-economic game between citizens and governments, whose type (benevolent or predatory) is unknown to the citizens. In equilibrium, opportunistic governments mix between predation and restraint. As long as restraint is observed, political expectations improv...

  17. What lures cross-border venture capital inflows?

    NARCIS (Netherlands)

    Schertler, Andrea; Tykvova, Tereza

    2012-01-01

    We investigate if economic factors drive gross and net cross-border venture capital inflows differently. Using a dataset of venture capital investments in European and North American countries from 2000 to 2008, we find that higher expected economic growth goes hand in hand with higher gross as well

  18. Equity Joint Ventures and Theory of the Multinational Enterprise

    OpenAIRE

    Paul W Beamish; John C Banks

    1987-01-01

    This paper extends the internalization approach to the theory of the multinational enterprise (MNE) to include an expanded role for equity joint ventures. Using the transaction cost paradigm of Williamson, this paper explains why joint ventures may sometimes be preferred over wholly owned subsidiaries. Also presented is empirical work on joint-venture performance in developing countries which demonstrates that under certain conditions joint ventures can be the optimal mode of foreign direct i...

  19. 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...

  20. 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.

  1. 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

  2. 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…

  3. Entrepreneurship, economic development and institutions

    NARCIS (Netherlands)

    Z.J. Acz (Zoltan); S. Desai (Sameeksha); S.J.A. Hessels (Jolanda)

    2008-01-01

    textabstractThis paper is an introduction to the special issue from the 3rd Global Entrepreneurship Monitor Research Conference held in Washington, D.C., in 2008. The paper has three objectives. First, to discuss the importance of the three stages of economic development, the factor-driven stage,

  4. INSECURITY AND NATIONAL ECONOMIC DEVELOPMENT ...

    African Journals Online (AJOL)

    Health insecurity j. Environmental insecurity k. Relationship insecurity l. Religious insecurity m. Moral insecurity n. Insecurity complex. Economic Development. One cannot .... Ekpo, an economist, opined that despite the healthy growth of ..... facilities like roads, potable pipe borne water and constant power supply that can.

  5. Venture Leaders Prize for innovative technology projects

    CERN Document Server

    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...

  6. 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

  7. Humanitarian ventures or 'fistula tourism?': the ethical perils of pelvic surgery in the developing world.

    Science.gov (United States)

    Wall, L Lewis; Arrowsmith, Steven D; Lassey, Anyetei T; Danso, Kwabena

    2006-11-01

    The vesico-vaginal fistula from prolonged obstructed labor has become a rarity in the industrialized West but still continues to afflict millions of women in impoverished Third World countries. As awareness of this problem has grown more widespread, increasing numbers of American and European surgeons are volunteering to go on short-term medical mission trips to perform fistula repair operations in African and Asian countries. Although motivated by genuine humanitarian concerns, such projects may serve to promote 'fistula tourism' rather than significant improvements in the medical infrastructure of the countries where these problems exist. This article raises practical and ethical questions that ought to be asked about 'fistula trips' of this kind, and suggests strategies to help insure that unintended harm does not result from such projects. The importance of accurate data collection, thoughtful study design, critical ethical oversight, logistical and financial support systems, and the importance of nurturing local capacity are stressed. The most critical elements in the development of successful programs for treating obstetric vesico-vaginal fistulas are a commitment to developing holistic approaches that meet the multifaceted needs of the fistula victim and identifying and supporting a 'fistula champion' who can provide passionate advocacy for these women at the local level to sustain the momentum necessary to make long-term success a reality for such programs.

  8. A lunar venture

    Science.gov (United States)

    Lee, Joo Ahn; Trinh, Lu X.

    1989-01-01

    As the Earth's space station is in its final stages of design, the dream of a permanent manned space facility is now a reality. Despite this monumental achievement, however, man's quest to extend human habitation further out into space is far from being realized. The next logical step in space exploration must be the construction of a permanent lunar base. This lunar infrastucture can, in turn, be used as a staging ground for further exploration of the remote regions of the solar system. As outlined by the National Aeronautics and Space Administration, the lunar base program consists of three exploratory and implementation phases. In response to the technological and facility requirements of Phase 1 and 2 of this program, the Aerospace Vehicle Design Program of the University of Virgina (UVA) is proud to present a preliminary design for such a lunar infrastructure. This study is a comprehensive evaluation of the mission requirements as well as the design criteria for space vehicles and facilities. The UVA Lunar Venture is a dual system that consists of a lunar space station and a fleet of lunar landers/transporters. With such a design, it is demonstrated that all initial exploratory and construction requirements for the lunar base can be efficiently satisfied. Additionally, the need for such a dual system is justified both from a logistic and economic standpoint.

  9. SUSTAINABLE DEVELOPMENT THROUGH ECO-ECONOMIC DEVELOPMENT

    OpenAIRE

    Vergina CHIRITESCU; Manuela Rodica GOGONEA; Ruxandra Daniela ANDREI; Mihaela KRUZSLICIKA; Viorica GAVRILA

    2013-01-01

    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...

  10. 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.

  11. 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....

  12. Three Essays on Development Economics

    OpenAIRE

    Nakagawa, Hideyuki

    2013-01-01

    This dissertation presents three self-contained essays on topics of development economics in the context of rural villages in Bangladesh. The first paper examines how availability of microfinance influences households’ borrowing from informal sources in village economies. It uses a unique household level panel data set, which spans more than two decades (1987–2008), from rural Bangladesh. We find that households’ access to microfinance reduces the incidence of borrowing from informal sourc...

  13. 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.

  14. International New Venture Legitimation

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2013-01-01

    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...... 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...... types of legitimation strategies: technology, operating, and anchoring. Studying international new ventures through theoretical lenses of legitimation is a promising area of research that would contribute to the advancement of international entrepreneurship theory....

  15. Venture Class Launch Services

    Science.gov (United States)

    Wiese, Mark

    2016-01-01

    Provide an introduction to the Launch Services Program, and specifically the strategic initiative that drove the Venture Class Launch Services contracts. Provide information from the VCLS request for proposals, as well as the Agency's CubeSat Launch Initiative.

  16. 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.

  17. 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)

  18. 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...

  19. 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

  20. 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.

  1. 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

  2. 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

  3. Economic Development and Network Science

    Science.gov (United States)

    2011-04-01

    effects of their actions 15. SUBJECT TERMS Social Network Analysis, Actor Oriented Social Networks, Network Science, Economics 16. SECURITY...Scientific Support Program. Battelle Memorial Institute administers the Scientific Support Program for the Army Research Office. vii Economic...economic decisions in a market context that is influenced by their social interactions and opportunities. Understanding the structure, dynamics, and

  4. When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure

    OpenAIRE

    Seung Ho Park; Michael V. Russo

    1996-01-01

    Why do so many joint ventures fail? Despite the fact that their success is the exception rather than the rule, the literature on why joint venture performance has been so poor remains fragmentary. We address this issue, adopting a transaction-cost economics perspective and modeling joint ventures as governance structures that blend the advantages and drawbacks of both markets and hierarchies. Using a data base on electronics industry ventures and event history analysis, we identify several pr...

  5. 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.

  6. 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.

  7. Venture Capital Technology Panel (VCRAC)

    National Research Council Canada - National Science Library

    2005-01-01

    ...) Venture capitalists can provide awareness in a few areas which, although they do not address all Naval needs, are critical. (3) Relationship with the Department of the Navy is of interest to venture capitalists for reasons beyond funding.

  8. Economic Integration Theories and the Developing Countries

    OpenAIRE

    Marinov, Eduard

    2014-01-01

    Economic integration theory goes through two development stages each of which addresses the relevant for its time political and economic context The first stage is regarded as classic theory or static analysis and includes the traditional theories of economic integration that explain the possible benefits of integration. The second stage includes the new economic integration theories that are often referred to as dynamic analysis of economic arrangements. Besides these two, there is a third t...

  9. 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

  10. Economic Development and Network Science

    Science.gov (United States)

    2011-04-08

    representative agent approach assume away complexities associated with the interconnectedness of economic actors and the effects of their actions 1...REPORT DATE (DD-MM-YYYY) 4. TITLE AND SUBTITLE 13. SUPPLEMENTARY NOTES 12. DISTRIBUTION AVAILIBILITY STATEMENT 6. AUTHORS 7. PERFORMING ORGANIZATION...Research Triangle Park, NC 27709-2211 Social Network Analysis, Actor Oriented Social Networks, Network Science, Economics REPORT DOCUMENTATION PAGE 11

  11. Assets of Nation (Pyramid of Economic Development)

    OpenAIRE

    Ahmed, Ovais; Mashkoor, Aasim

    2015-01-01

    The theory of economic development have designed to explore the assets of nations which explain and analyzed the emphasize on Water crisis, deforestation, land of agriculture for yield and minerals. these are the main resources of improving and generating economic health. we analyzed further significant factors which help to designed the qualitative theory of economic development.

  12. 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..

  13. 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...

  14. 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

  15. Financial globalization and economic development

    OpenAIRE

    TSINTSADZE ASIE ENVEROVNA; PHUTKARADZE BEKA ZAUROVICH

    2017-01-01

    The purpose of this paper is to evaluate the impact of financial globalization on economic growth. Advantages and disadvantages have been analyzed, applying various theoretical aspects, as well as empirical data for the period of 2000-2011

  16. 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 commentary essay evaluates their study against the backdrop of a considerable literature on JV success and failure and provides guidelines as to how future research may advance the field even further. The commentary concludes that scholars need to (1) develop and position their research in a coherent...

  17. 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.

  18. 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.

  19. Economic Development Problems of Landlocked Countries

    OpenAIRE

    Mackellar, Landis; Wörgötter, Andreas; Wörz, Julia

    2000-01-01

    Abstract: Do landlocked countries face special economic development problems? Whereas traditional neoclassical theory is ambiguous, more recent directions in trade theory and the theory of economic growth suggest reasons why landlocked countries might be at a disadvantage. Our empirical evidence confirms the hypothesis that landlocked countries experience slower economic growth.;

  20. 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)

  1. A joint venturer perspective

    International Nuclear Information System (INIS)

    Bond, R.

    1992-01-01

    Many joint ventures are facing potentially huge and usually unquantifiable prospective liabilities as a consequence of the abandonment of energy and resource projects and associated reclamation obligations. It is possible for abandonment costs to be met at least partly by government or collective industry actions. There is, however, a realization amongst joint venturers that where such action has not been taken they need to enter into arrangements amongst themselves. The circumstances under which such security arrangements should be entered into and the form they should take are discussed. Aspects of security provision such as transfer of interest in the project, failure of a participant to provide the security when due and how long security agreements should continue, are also considered. (UK)

  2. 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...

  3. 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.

  4. 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

  5. 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...

  6. 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...

  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. TRENDS OF THE GLOBAL MARKET FOR VENTURE FUNDING: COMPARATIVE ANALYSIS

    Directory of Open Access Journals (Sweden)

    Yuriy Drachuk

    2016-11-01

    Full Text Available The purpose of the paper is to explore of the global venture capital market and to reveal of its development trends. Methodology. To achieve this goal used methods: statistical analysis, forecasting method autoregression model, the calculation of the coefficient of variation, Spearman rank correlation coefficient and linear Pearson correlation coefficient. Results. The analysis of the development of the global venture capital market for the years 2007-2015 executed. The coefficients of variation of the volume of venture capital investment and the number of venture capital deals are designed. According to the calculations, variations in the volume of venture capital investment rate is 11.8%, which is almost 2.1 times higher than the value of the coefficient of variation in the number of venture capital deals in the global market of venture capital investments (5.7%. It means: the actual data volume of venture capital investment and the number of venture capital deals are homogeneous collections, because the values of the coefficients of variation of these indices is less than 33%. A characteristic feature of these indicators is a low level of variability and minor fluctuations, that is, a tendency even venture investments of innovative development in the world. To determine the closeness of the connection between the amount of capital raised in the IPO, and the number of transactions Spearman rank correlation coefficient is calculated, as well as the strength of correlation between the volume of investment and the number of transactions in the global market transactions M&A – linear Pearson correlation coefficient. Between the amount of capital raised in the IPO, and the amount of venture capital transactions revealed a strong positive correlation (Spearman's rank correlation coefficient close to 1. This indicates positive trends in the development of the global market of venture IPO, because by investing venture capital in innovation is a

  9. 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

  10. ECONOMIC DIPLOMACY AND ITS IMPACT ON ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Oana Ramona GLONT

    2017-12-01

    Full Text Available International developments are driven by an impact on a number of economic, social, cultural and political factors - none more so than those relating to the processes and structures of the world economy. To what extent, if any, does the study of diplomacy have the analytical tools to highlight and explain major global economic developments such as regionalization, globalization, and economic development? This is a question often ignored by scholars of diplomacy but one which those who study International Relations (IR are constantly confronting. Mainstream studies of diplomacy have traditionally approached international relations using realist and neorealist frameworks (see Lee and Hudson 2004 and this has determined both focus and approach, resulting in state-centric analyses of mainly political agendas. In recent years, however, there have been significant ontological and conceptual shifts in the study of diplomacy. Scholars have highlighted the necessity of understanding international relations outside the narrow state-centric security nexus.

  11. 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.

  12. 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.

  13. The Economic Crisis and Sustainable Development

    DEFF Research Database (Denmark)

    Lund, Henrik; Hvelplund, Frede

    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...... 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...... 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...

  14. Transaction Costs, Market Failure and Economic Development

    OpenAIRE

    Todorova, Tamara

    2016-01-01

    This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and blame government instead. Of those who trace the roots of economic backwardness to market failure, few, if none, investigate transaction costs in their linkage with market failure. This paper tries to ...

  15. The Economic Crisis and Sustainable Development

    DEFF Research Database (Denmark)

    Lund, Henrik; Hvelplund, Frede

    2012-01-01

    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...... 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...

  16. Learning from Success & Failure: International Joint Ventures in Emerging Markets

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.

    The purpose of the Ph.D. dissertation is to examine how do joint learning influence management of international joint ventures in emerging markets? Entering and developing presence in emerging markets often require foreign firms to set up International Joint Ventures (IJVs) with local partners, e...

  17. 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

  18. Economic Development Impacts of 20% Wind (Poster)

    Energy Technology Data Exchange (ETDEWEB)

    Kelly, M.; Tegen, S.

    2007-06-01

    Meeting 20% of the nation's electricity demand with wind energy will require enourmous investment in wind farms, manufacturing, and infrastructure. This investment will create substantial economic development impacts on local, regional, and national levels. This conference poster for Windpower 2007 outlines the various economic development impacts from a 20% wind scenario.

  19. Grassroots Economic Development, Social Justice and Poverty ...

    African Journals Online (AJOL)

    This article discusses the relationship that exists between grassroots economic development, social justice, and poverty reduction. It argues that social justice is a central component for the achievement of grassroots economic development, and in that process making it possible to reduce, and even eradicates, poverty.

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

    African Journals Online (AJOL)

    and practitioners mean by 'economic development', while exploring how adequate are the indices for measuring the idea. .... This duality of meaning – the development of societies and the exploitation of natural ...... Trafficking in Africa: The Role of Endogenous and Exogenous Forces', African Review of Economics and ...

  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. OIG targets contractual joint ventures.

    Science.gov (United States)

    O'Hare, Patrick K

    2003-09-01

    A recent OIG Special Advisory Bulletin raises questions for providers involved in joint ventures. The Bulletin describes several characteristics that the OIG views as potentially suspect, including a referral stream controlled by the provider initiating the joint venture and the use of a wholly owned subsidiary of the provider to bill and collect for services. According to the OIG, profits paid by the subsidiary to the provider owner in such "suspect contractual joint ventures" could constitute illegal remuneration for referrals.

  3. 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

  4. 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.

  5. Economic Development and Diversification in Southwest Louisiana

    Science.gov (United States)

    1989-11-01

    as its point of departure Joseph Schumpeter’s analysis of entrepreneurial motivation in The Theory of Economic Development. Schumpeter dismisses...tile region would not be devastated by a change in a particular economic sector. Unfortunately, the problem of diversification has not yet been clearly...200 words) In responde for a need to both diversify and expand the economic base in SW Louisiana, an approach to support local entreprenurship through

  6. 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.

  7. 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.

  8. 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.

  9. Venture Growth - New Findings From a Multilevel Perspective - Introduction to the Focus Issue on Growth

    NARCIS (Netherlands)

    Harms, Rainer; Scillitoe, Joanne L.

    2010-01-01

    New venture growth is an important research topic. Past research suggests that growing young ventures play a critical role in local, regional and national economies through the creation of jobs, the generation of profits and the development of innovations. Questions regarding how ventures grow,

  10. The Founding Years of the International New Venture

    DEFF Research Database (Denmark)

    Rasmussen, Erik Stavnsager; Servais, Per; Madsen, Tage Koed

    2007-01-01

    Several studies have focused on International New Ventures; smaller, entrepreneurial firms which adopt a global focus from the beginning and operate in international markets from the earliest day of their establishment. In this paper we intend to focus on the founding years of the International New...... Ventures through the use of a large scale study of all types of industrial firms. This is supplemented with a large number of case studies of International New Ventures since 1997. Some preliminary conclusions are: When the International New Ventures are compared with other types of firms, large...... differences can be seen in their internationalization and in the development in the first three years. The complexity of the internationalization of the International New Ventures is e.g. high compared with other types of international firms....

  11. 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.

  12. 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

  13. 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.

  14. Minerals transnationalism and economic development

    Energy Technology Data Exchange (ETDEWEB)

    Cordes, J.A.

    1980-01-01

    The efforts of developing countries to alter the prevailing presumptions and conditions under which their resources will become available for use in developed nations have fundamentally transformed the structure of international minerals political economy. This study attempts to contribute to an improved understanding of the complex issues that currently define the interactions among major participants in the international minerals equation. Its emphasis is directed toward an isolation and evaluation of policy options available to mineral-exporting developing nations. The study begins with a fairly detailed and comprehensive discussion of the historical and analytical issues that impose themselves on national deliberations. The intent of these chapters is to establish the major opportunities and constraints developing nations must confront in formulating appropriate minerals-sector policies. Thereafter, the core of analysis focuses upon a detailed, applied evaluation of policy options concerning ownership and control, fiscal regimes, and integrative linkage or spread-effect questions. The adduced evidence suggests the continued likelihood of instability and policy experimentation, but also indicates some hopeful avenues of establishing a more mutually beneficial and predictable structure of mineral relations.

  15. The New Institutional Economics and Development

    OpenAIRE

    Douglass C. North

    1993-01-01

    In this essay I intend to briefly summarize the essential characteristics of the new institutional economics, to describe how it differs from neo- classical theory, and then to apply its analytical framework (as I see it) to problems of development.

  16. 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...

  17. 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...

  18. 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

  19. Economics of Software Product Development Collectives

    Directory of Open Access Journals (Sweden)

    Michael Weiss

    2011-10-01

    Full Text Available Where software product development occurs is shifting from single companies to groups or collectives of companies. In this article, we retrace the evolution of how software product development is organized and then offer insights into the economic motivation for collectives, which will be relevant to companies considering joining a software product development collective. Building on the literature on software product line economics, we identify three factors affecting the economics of collectives (level of contribution, number of members, and diversity of use, and develop a model that links those factors to three economic outcomes (time, quality, and cost. This model can be used by potential members when deciding whether or not to join a collective.

  20. 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

  1. 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.

  2. 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.

  3. 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

  4. 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.

  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. 121 WOMEN AND ECONOMIC DEVELOPMENT: IGBO WOMEN ...

    African Journals Online (AJOL)

    sustain life. Here in Nigeria, is it so? What should be done to improve the economic development of the country and to bring about national development? To achieve this, the ... stages of life as mothers and wives to be. According to ..... for human development and the scarcity of natural resources also highlight the need for a.

  7. 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.

  8. 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

  9. Management Strategies and Economic Development in Ghana

    DEFF Research Database (Denmark)

    Kuada, John

    2014-01-01

    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...... 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...... development models just like other SSA countries. It has also followed many other African countries in embracing private enterprise development as a model for growth. This volume of the dissertation draws on three decades of research I have conducted into enterprise formation and management in the country...

  10. New ventures for small payloads access to space

    Science.gov (United States)

    Liller, James C.

    2000-11-01

    Small satellite programs offer opportunities for conducting technical demonstrations, engineering development and scientific missions. To accomplish these missions, launch systems are needed whose costs and capacity are commensurate with the use of small, low-cost satellites. Lower launch costs would open the door to more technology demonstrations and scientific missions that will drive the need for more launch vehicle. There are several new ventures that could increase the opportunity for small payloads to achieve economical access to space. These new ventures include low cost launch vehicles, standard adapters, orbit transfer vehicles, and space maneuver vehicles. The National Reconnaissance Office's (NRO) Broad Agency Announcement (BAA) includes competitive selection for proposals to study the need for a small payload broker, to define the broker's services, and innovative ideas to simplify the process of integrating payloads, spacecraft buses, and launch vehicles. The NRO and Goddard Spaceflight Center (GSFC) combined resources to develop the Access to Space (ATS) web site that contains both a mission database and launch vehicle information. It provides both the information and the tools necessary to assist mission planners in selecting and planning their ride to space. Users can search the site for available rides and also post information about their payloads. Launch providers can submit information about planned missions and launch vehicle configuration.

  11. 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

  12. 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.

  13. 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...... 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....

  14. 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.

  15. 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......, have entrepreneurs as investors, and that engage frequently with investees over managerial and market issues. Using these cases, this study proposes an antecedent‚ action and outcome model of venture capital enabled entrepreneurial mentoring in India. This model can be expanded in the global context....

  16. 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

  17. Occurrence, development and renewal of economic sociology

    Directory of Open Access Journals (Sweden)

    Vidicki Vladan

    2016-01-01

    Full Text Available This paper presents a brief history of the discipline of economic sociology. Three historical periods are extracted: pre-classical, classical, and modern. These are the three main processes of this sociological discipline and they represent its occurrence, development and its renewal. With special attention we deal with socio-historical and intellectual factors of each period because we believe that they have had main influence in development of economic sociology. In order to understand its intellectual marginalization till almost 80's it is important to know its history of development as well as reasons why the renewal happened in the first place.

  18. Income Redistribution and Socio-economic Development

    Directory of Open Access Journals (Sweden)

    Mericková Beáta Mikušová

    2014-06-01

    Full Text Available The trade off efficiency and equity issue, which is represented by income redistribution, becomes increasingly debated not only in economic and social, but also in political dimension. Solution of this trade-off problem is projected into the implementation of social policy and results achieved in macroeconomics policy, with the goal to define the optimal scope and character of the income redistribution processes. The submitted empirical study responds to this problem through the investigation of research question focused on the existence of a relationship between the social protection expenditure (expenditure on policy of family, old age and unemployment and the achieved level of socio-economic development (quantified by Human Development Index HDI. The existence of this relationship is statistically tested in a sample of 15 countries. The research sample is heterogeneous in relation to the analyzed indicators, and it contains countries with a different level of economics development and income redistribution policy. Based on the results of quantitative analysis in most surveyed countries, impact of social protection expenditure on the reached level of economic development was confirmed. The correlation between the social protection expenditure and socio-economic development is positive in the case of the family and old-age pension policy, and negative in the case of employment policy

  19. 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.

  20. 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

  1. 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

  2. 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

  3. Stimulating Economic Development Through the Capital Market ...

    African Journals Online (AJOL)

    Stimulating Economic Development Through the Capital Market: The Nigerian Experience. ... Journal of Research in National Development ... The explanatory variables were Market capitalization, All shares index Value of transactions, Volume of transactions and Number of listed companies for each of the models.

  4. Economics of Sustainable Development and the Bioeconomy

    NARCIS (Netherlands)

    Zilberman, David; Gordon, Ben; Hochman, Gal; Wesseler, J.H.H.

    2018-01-01

    Sustainable development can be attained by policies that are derived by analyses that integrate biophysical considerations into economic models. We show that policies and incentives that correct market failure can attain sustainable resources, and development of the bioeconomy, which relies on

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

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

    Economics. Économie. Colour. #2C81B5. 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, ...

  6. 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

  7. How Economic Development Affects Antibiotic Resistance

    OpenAIRE

    John B. Horowitz; H. Brian Moehring

    2014-01-01

    Initially, economic development increases resistance because migration of people to urban areas in developing countries increases incomes, crowding and the use of antibiotics. Also, developing countries often don't require prescriptions or distribute high quality antibiotics. In developed countries, antibiotic resistance often falls or there is a decline in the rate of growth of resistance because infections decline with improvements in water quality, sanitation, housing and nutrition. Howeve...

  8. Economic Development Perspective and City Leadership

    Directory of Open Access Journals (Sweden)

    James Vanderleeuw

    2011-01-01

    Full Text Available The viability of traditional economic development strategies has long been questioned by urban policy scholars; yet traditional strategies remain the norm among city leaders. Traditional concerns emphasize economic and business considerations at the expense of nontraditional community considerations such as quality of life. In this paper, we examine the conditions under which city leaders give weight to nontraditional community concerns when making economic development decisions. Our analysis of the results of a survey conducted of more than 200 leaders in over 150 Texas cities indicates that although traditional economic development concerns remain dominant, certain conditions may exist that allow or compel city leaders to give increased weight to non-traditional community considerations. Conditions revealed by our study include the socioeconomic status of Texas cities and the relative differences in leadership positions and professionalism among city leaders. The paper concludes with a discussion of how our study contributes to the literature about economic development policy and points to avenues for future research on the conditions under which decision-making strategies are pursued by city leaders.

  9. 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.

  10. 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.

  11. Oman: Economic, social and strategic developments

    Energy Technology Data Exchange (ETDEWEB)

    Pridham, B.R.

    1986-01-01

    Oman is an important country for the West, both as an oil exporter and as a key ally strategically placed at the entrance to the Arab Gulf. This book provides an overview of recent economic, social and political developments in Oman. It begins by outlining the historical and geographical background, emphasising in particular the problems of geography and tribalism and the impact of the war against Marxist insurgents in Dhofar. It considers economic developments, both in the oil and non-oil sectors, and Oman's contribution to economic co-operation and integration in the region. It examines strategic developments, particularly Oman's relations with the United States, addressing the key question of how close an alliance between Oman and the US is likely and showing how this is influenced by internal politics in Oman. It also explores educational and cultural issues.

  12. REGIONALIZATION, ELEMENT OF ECONOMIC AND SOCIAL DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Florina Popa

    2013-12-01

    Full Text Available The regional process that is taking place in Europe in recent decades, was determined by the awareness of the important role that regional policies hold in the balanced development of territories, the goal being the revival of economic and social development, locally, the economic recovery of more underdeveloped areas, to reduce the differences existing among the levels of development of regions. The action is aimed at increasing the efficiency of public authorities (central, local in the use of resources they dispose of, in the development of some economic and financial policies aimed at encouraging investments, employment increase, living conditions improvement, taking into account the determinants of balancing regional development (resources, the development of technological processes and knowledge, political and institutional framework. The paper briefly presents the concepts of regionalism, regionalisation, whose common denominator is decentralization, that involves a multilevel governance, as well as the importance which the new model of economic and social development, consisting in the transfer of some prerogatives of the central administrative systems towards local communities, hold in solving problems that occur in regional, local plan.

  13. 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

  14. 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...

  15. 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.

  16. 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).

  17. 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.

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

    OpenAIRE

    Halil Ibrahim Bulut

    2005-01-01

    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...

  19. 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…

  20. 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.

  1. MONETARY POLICY AND ECONOMIC DEVELOPMENT: LESSONS ...

    African Journals Online (AJOL)

    requirement, liquidity ratio, minimum rediscount rate, parity charges and selective credit policies. A Review of .... workers salaries and companies' profits were to be compulsorily deducted and paid to government. However, the ... Empirical Analysis of the Impact of Deregulated Monetary Policy on Economic. Development in ...

  2. Financing resources available for local economic development

    Directory of Open Access Journals (Sweden)

    Ileana-Cosînzeana VELICU

    2012-03-01

    Full Text Available This paper reveals that domestic credit is becoming more involved in local economic development, even if it is considered an expensive resource. The loans are presented as a resource available for various “actors” of the local community – individuals, business agents and local authorities.

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

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

    Economic self-reliance is as important as political independence. ... this premise to show unequivocally that the process of research for improving natural resource management must incorporate participatory and user-focused approaches, leading to development based on the needs and knowledge of local resource users.

  4. Grassroots Economic Development, Social Justice and Poverty ...

    African Journals Online (AJOL)

    The article defines, albeit briefly, what constitutes poverty, and factors that contribute to abject poverty: some of which include ignorance, lack of social facilities, dependence, disease, corruption, etc. The article surmises that if there is close relationship and interface between grassroots economic development, social justice, ...

  5. 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 ...

  6. 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.…

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

    African Journals Online (AJOL)

    Keywords: Interest rate, Financial development, Economic Growth, Liberalisation, Panel. JEL Classifications: ... theories of growth, the third is the endogenous growth theories and the fourth is the institutional ... focuses on financial repression which is define as the measures put in place by government to channel funds to ...

  8. 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

  9. Export Prices, Trade Dynamics and Economic Development

    NARCIS (Netherlands)

    G.H. van Heuvelen (Harro)

    2016-01-01

    markdownabstractThis thesis focuses on international trade and the economic development of the Philippines. The Philippines is a country that is often said to be stuck in the Middle-Income Trap. Indicating that the Philippines has been unable to move up to the highest income group. The

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

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

    Economics. Économie. Colour. #2C81B5. Interactions between firms and universities are key building blocks of innovation systems. 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 ...

  11. 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 ...

  12. Economic development, growth, institutions and geography

    NARCIS (Netherlands)

    Bhupatiraju, S.; Verspagen, B.

    2013-01-01

    In this paper, we test the Rodrik et al (2004) framework to explain differences in development levels across countries by using a broader set of definitions for institutions, geography and economic variables. We use a multi-faceted database to measure institutions in an attempt to go beyond the

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

    African Journals Online (AJOL)

    The world over, from USA to Asia, United Kingdom to Africa and Australia to Latin America, entrepreneurship has been promoted as an effective means of stimulating economic growth through the generation of greater employment opportunities, the development of local technological base and source of foreign exchange ...

  14. 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.

  15. 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.

  16. 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...

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  1. 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.

  2. International Joint Venture Termination: An Empirical Investigation

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.; Rasmussen, Erik Stavnsager; Siersbæk, Nikolaj

    Termination rates of international joint ventures (IJVs) are high, and two distinct outcomes are established 1) termination is intended or 2) termination is unintended. However, most studies do not specify the direct causes of IJV termination. The failure of extant research to recognize the diffe......Termination rates of international joint ventures (IJVs) are high, and two distinct outcomes are established 1) termination is intended or 2) termination is unintended. However, most studies do not specify the direct causes of IJV termination. The failure of extant research to recognize...... for the article stems from data from the project portfolio of a Danish Investment Fund for Developing Countries with a total of 773 investments. A number of hypotheses are established from the literature review and tested related to the empirical data. The result indicates that the most important factor...

  3. 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

  4. 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.

  5. 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.

  6. 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...

  7. 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)

  8. 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

  9. Essays On Corruption And Economic Development

    OpenAIRE

    Freille, Sebastian

    2007-01-01

    This thesis addresses two central questions in the field of corruption: the relationship between corruption and some of its main determinants and the effect that these relationships have on economic development. The research presented in this thesis extends the literature on corruption in several directions. The third chapter studies the empirical relationship between press freedom and bureaucratic corruption. As one of the main democratic checks and balances, press freedom is thought to ...

  10. Essays in Public Economics and Development

    OpenAIRE

    Gerard, Francois

    2013-01-01

    The present thesis studies public economics questions in the context of developing countries. In particular, I investigate the impact and design of specific government policies in Brazil. Government interventions may be desirable when unregulated market economies deliver socially inefficient outcomes. Goods and services tend to be under-provided in the presence of imperfect or asymmetric information. Such market failures may be pervasive in the insurance market and prompt governments to provi...

  11. Physical infrastructure and economic development in Pakistan

    OpenAIRE

    Jan, Sajjad Ahmad; Chani, Muhammad Irfan; Pervaiz, Zahid; Chaudhary, Amatul R.

    2012-01-01

    This paper aims to investigate the relationship between physical infrastructure and economic development of Pakistan. A composite index of physical infrastructure has been constructed through Principal Component Analysis. This has been done by taking into account three different dimensions of infrastructure i.e. transportation infrastructure, energy infrastructure, and telecommunication infrastructure. Johansen Co-integration Technique has been applied to confirm the existence of co-integrati...

  12. 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...

  13. 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.

  14. Capital goods trade and economic development

    OpenAIRE

    Mutreja, Piyusha; Ravikumar, B.; Sposi, Michael J.

    2014-01-01

    Almost 80 percent of capital goods production in the world is concentrated in 10 countries. Poor countries import most of their capital goods. We argue that international trade in capital goods has quantitatively important effects on economic development through two channels: (i) capital formation and (ii) aggregate TFP. We embed a multi country, multi sector Ricardian model of trade into a neoclassical growth model. Barriers to trade result in a misallocation of factors both within and acros...

  15. YOUNG ENTREPRENEURS - PROMOTERS OF ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Florentina-Georgiana, COJOCARU

    2014-11-01

    Full Text Available Entrepreneurship in Romania is no longer an unfamiliar concept, but we can assert that it is a journey full of obstacles. Bureaucracy, the lack of fiscal predictability as well as the absence of an entrepreneurial culture often lead entrepreneurs to bankruptcy. A country develops itself with the help of strong economic policies dictated by the economic environment and not by the political one. The entrepreneur's policy is to make profit which has significant effects in all areas: social, educational, economic. Sustaining entrepreneurship is a solution to be taken into consideration for weighting youth unemployment, given the level reached in the second quarter of 2014 of 23.90%. This article aims to capture aspects of the current situation of entrepreneurship in Romania among young people. Based on data collected, we will analyze the unemployment rate among young people at education level and county-level compared to the number of companies founded by students, with the rate of workforce occupancy. The contribution of young entrepreneurs to economic growth can be achieved in two phases, as more companies are founded, number of employees increases, as a consequence, more young people will become entrepreneurs, so the unemployment rate among them will thus decrease.

  16. Economic development, climate and values: making policy

    Science.gov (United States)

    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 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. PMID:26203007

  17. Revenue Allocation and Economic Development in Nigeria

    Directory of Open Access Journals (Sweden)

    Dagwom Yohanna Dang

    2013-09-01

    Full Text Available This study empirically examines the impact of revenue allocation on economic development in Nigeria. Specifically, the study looks at how the various revenue allocations to the three tiers of government affect real gross domestic product (RGDP in Nigeria using time series data for the period 1993 to 2012. Error correction model (ECM and Pairwise Granger Causality test are used in analyzing the data. The study carries out test of stationarity of the variables using Augmented Dickey–Fuller unit root test and test of long-run relationship among the variables using Johansen Cointegration test. The study’s findings show that revenue allocations have significant causal relationship with economic development in Nigeria, with only revenue allocation to states having significant negative relationship. Unidirectional causality runs from revenue allocations to real GDP in Nigeria. All variables of the study are cointegrated and have a long-run relationship that 87.62% of the short-run disequilibrium is corrected yearly. The study recommends among others that more financial control and value for money audit should be carried out to minimize wastages and corruption in the states of the federation, so as to change the direction of influence of states’ revenue allocation on economic development.

  18. 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).

  19. Finance and Economic Development in China

    Directory of Open Access Journals (Sweden)

    Wonho Song

    2006-06-01

    Full Text Available This paper focuses on the following two issues. First, the paper investigates the extent to which financial development has contributed to economic growth in China. For this purpose, we utilize well-known financial development indicators and seek to find a long-run relationship between output growth and financial development. Second, the effects of financial repression on economic growth are examined. A financial repression index is constructed based on three related measures, and this index is augmented to the growth-finance equation. Empirical results show that, three financial development indicators, Liquid Liabilities, Domestic Credit and Non-Policy Loan, have stable positive long-run relationships with output growth. It is also found that output growth is weakly exogenous with respect to financial development, whereas financial development is not with respect to output growth. As for the financial repression, it turns out to have affected output growth negatively during the sample period. Unlike financial development indicators, financial repression index is found to be weakly exogenous.

  20. 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...

  1. 13 CFR 124.513 - Under what circumstances can a joint venture be awarded an 8(a) contract?

    Science.gov (United States)

    2010-01-01

    ... joint venture be awarded an 8(a) contract? 124.513 Section 124.513 Business Credit and Assistance SMALL...) Business Development Contractual Assistance § 124.513 Under what circumstances can a joint venture be... the purpose of performing one or more specific 8(a) contracts. (2) A joint venture agreement is...

  2. 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.

  3. 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.

  4. 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

  5. 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

  6. IMF and economic reform in developing countries

    DEFF Research Database (Denmark)

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

    2010-01-01

    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...... involves growth diagnostics and policy trialing. This approach maintains that not all distortions are equally important and, by extension, not all policy reforms. From this point of view, IMF programs based on a list of standard conditionalities will not accomplish much. But policy trialing is more...

  7. 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...

  8. VENTURE CAPITAL INVESTMENTS IN EMERGING ECONOMIES: AN EMPIRICAL ANALYSIS

    OpenAIRE

    MEDHI SALEHIZADEH

    2005-01-01

    In the international arena an increasing number of entrepreneurs and venture capitalists have succeeded, yielding both micro-level financial rewards and macro-level prosperity and improved economic conditions for many industrialized countries. The next logical "group," with a potential to reap such benefits, is expected to be the emerging economies. This study tabulates and analyzes an emerging market VC-investment dataset, and then identifying and testing a number of independent economic and...

  9. 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.

  10. Airport development and socio-economic development of Nigeria ...

    African Journals Online (AJOL)

    The result reveals that, there is a correlation between airport infrastructure development and socio-economic development of the country. The study conclude that, for any proper achievements to be achieve in aviation sector, government must step up its contribution, regulation and due process must be followed in awarding ...

  11. 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

  12. Venture Philanthropy Straddles Two Worlds.

    Science.gov (United States)

    Wolinsky, Howard

    2017-06-01

    Venture philanthropy and the move toward investment of not-for-profit dollars in for-profit companies started about 10 years ago. One expert argues that it's a little like calling someone an amateur-pro athlete. You can't be both. Proponents, however, point to some initially impressive results especially for niche diseases.

  13. 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)

  14. 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.

  15. 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

  16. Energy and economic development in Poland

    International Nuclear Information System (INIS)

    Wieteska, K.; Chwaszczewski, S.

    2007-01-01

    In the 21 st century energy cooperation is one of the key factors of fundamental importance for the maintenance of sustainable development. Broadly perceived energy issues offer extensive opportunities for international cooperation and economic integration through the implementation of major infrastructural projects. Energy cooperation should also take into account such key factors as energy efficiency and environment protection. In all these areas cooperation will be based both on instruments available in the framework of regional collaboration in the framework of the European Policy. The result of that policy should be to set up a new nuclear power station in Poland and prepare experts in this area. (author)

  17. 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

  18. Disaster risk, social vulnerability, and economic development.

    Science.gov (United States)

    Ward, Patrick S; Shively, Gerald E

    2017-04-01

    This paper examines the extent to which economic development decreases a country's risk of experiencing climate-related disasters as well as the societal impacts of those events. The paper proceeds from the underlying assumption that disasters are not inherently natural, but arise from the intersection of naturally-occurring hazards within fragile environments. It uses data from the International Disaster Database (EM-DAT), representing country-year-level observations over the period 1980-2007. The study finds that low-income countries are significantly more at risk of climate-related disasters, even after controlling for exposure to climate hazards and other factors that may confound disaster reporting. Following the occurrence of a disaster, higher income generally diminishes a country's social vulnerability to such happenings, resulting in lower levels of mortality and morbidity. This implies that continued economic development may be a powerful tool for lessening social vulnerability to climate change. © 2017 The Author(s). Disasters © Overseas Development Institute, 2017.

  19. 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...

  20. 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

  1. The Economic Potentials of Pineapple Marketing in Edo State, Nigeria.

    African Journals Online (AJOL)

    The Economic Potentials of Pineapple Marketing in Edo State, Nigeria. ... Nigerian Journal of Horticultural Science ... It is in line with this that this study looked at the economic potentials in pineapple marketing with a view to unfolding the various business ventures in it that could be developed to enhance income generation ...

  2. 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.

  3. 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.

  4. SOCIO-ECONOMIC ASPECTS OF PRECARIAT DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    ARVYDAS GUOGIS

    2017-09-01

    Full Text Available The authors of the article state that the development of precariat is a social phenomenon produced by the neoliberal political and economic project, for the scientific analysis of which both worldwide and in Lithuania, according to the authors, insufficient attention is paid. The article introduces a qualitative analysis reviewing the formation and development of precariat, as a comparatively new qualitative economic-social phenomenon. The influence of this phenomenon for various areas of the societal life has not raised any doubts recently, yet they have huge influence on such areas as closer and more distant work environment, the opportunities of social dialogue and social security of employees. Theoretically it is not clear if the development of precariat should be considered as the formation of “some kind of class” with its own attributes, or “work status”, where an employee is merely short of a number of things within his work environment and his social security rights are not ensured. Even though for some “voluntary” precariat representatives such unstable, “unbound” situation associates with the “economics of happiness”, for many members of involuntary precariat it marks a much greater exploitation by the employers, less security, dequalification” and worse rights in the area of social security. At the end of the article the authors provide their conclusions and proposals regarding the issues related to the undefined status of precariat, as well as possible solutions. Increasing the scope of social security and the ensuring the guarantees of self-employed is one of the measures in socially oriented countries to solve the issues related to the precariat. Allocation of basic, universal income for all residents is one of the possibly effective measures in improving the situation of precariat and other residents and ensuring social safeness in modern world. Another needed measure for overcoming the negative conditions of

  5. 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.

  6. 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.

  7. 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.

  8. The Relationship Between Financial Development and Economic Growth)

    OpenAIRE

    Afşar, Aslı

    2007-01-01

    The relation between the development of financial system and economic growth has been discussed for a long time. Financial system has been accepted as the most important of the economic system. The reason is that it is the center of transferring-process of funds which is needed most for economic growth. Mostly general economic success depends on the efficiency of the financial system. On the other hand, economic growth brings about increasing national income and causes a development in the in...

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

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

    In February 2015, the Institute of Economic Affairs (IEA) in Ghana hosted a succession of briefings on gains made in promoting transparency and accountability, factors affecting economic growth, and the public's perception of socio-economic and governance conditions in Ghana. IEA is one of the think tanks supported by ...

  10. 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

  11. 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...

  12. Development Economics and Method: A Quarter Century of ABCDE

    OpenAIRE

    Kaushik Basu; Andrew Foster

    2015-01-01

    This, the twenty-fifth anniversary of the Annual Bank Conference on Development Economics (ABCDE) and also of the Washington Consensus, is a good time to take stock of development economics. What have we learned? What do we need to unlearn? What is the right methodology for development economics so that future knowledge is on firmer footing? These are important questions and this year’s ABCDE and this introduction is a stocktaking of where we stand on these questions. Development economics ha...

  13. Fostering Entrepreneurial Investment Decision in Medical Technology Ventures in a Changing Business Environment

    Directory of Open Access Journals (Sweden)

    Sonja Bettina Keppler

    2015-02-01

    Full Text Available This paper presents the results obtained from a survey among public and private venture capitalists from countries which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to investigate venture capitalists’ investment criteria for medical technology ventures in the start-up or expansion phase. Since existing research evaluated venture capitalists’ general investment criteria, the aim of this study is to provide specific results on entrepreneurial investment decisions for the medical technology sector, which constantly attracted a significant share of European venture capital. The research used semi-structured interviews with 39 venture capitalists and experts. The results show that venture capitalists prefer to invest in companies which develop products for treating and diagnosing diseases showing a high prevalence and large market volumes, such as cardiovascular, metabolic and neurological diseases, and orthopaedic disorders. The study confirms that venture capitalists use a number of industry-specific criteria highly relevant in a changing business environment. These include a high medical need for the product, availability of clinical data, stage of European Conformity approval, high probability of receiving reimbursement from health insurances, medical key opinion leaders supporting technology, management’s regulatory experience and their communication ability with doctors and key opinion leaders.

  14. 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.

  15. 13 CFR 120.862 - Other economic development objectives.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Other economic development objectives. 120.862 Section 120.862 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION BUSINESS LOANS Development Company Loan Program (504) Project Economic Development Goals § 120.862 Other economic...

  16. 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 ...

  17. 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

  18. 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.

  19. 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

  20. IMPORTANCE OF SUSTAINABLE TOURISM DEVELOPMENT IN TERMS OF ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    BRANKICA TODOROVIC

    2015-06-01

    Full Text Available The quality of tourist resources and tourist products, competitive ability and positioning of the destinations in the tourist market affect the economic development of the national economy. Natural resources are key, but under-utilized resources necessary for the tourism development, whereby reaching the level where the key development resources are on the verge of carrying capacities, thus making the model structure of the future development to be a significant contribution in searching the optimal model of sustainable development. The paper points to the importance of previous positive experience in the development of tourism and related activities especially in terms of development planning in accordance with the available resources, spatial opportunities and sustainable development. The research the possibility of defining an optimal model for sustainable tourism development in the case of mountain destinations in Zlatibor District will indicate the need to precisely define economic-geographical resources which determine the individual role of an each resource in creating the tourist offer, as well as, to show that the inadequate management of tourist resources and marketing activities leads to their degradation.

  1. Economic Determinants of Regional Integration in Developing Counties

    OpenAIRE

    Marinov, Eduard

    2014-01-01

    Regional integration is often viewed as a way to support development and economic growth in developing countries through the related with it benefits to trade and welfare. Economic integration theory goes through two development stages each of which addresses the political and economic context relevant for its time. The first stage is regarded as classic theory or static analysis and includes the traditional theories of economic integration that explain the possible benefits of integration. T...

  2. 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.

  3. Small banks and local economic development

    OpenAIRE

    Hakenes , Hendrik; Hasan, Iftekhar; Molyneux, Phil; Xie , Ru

    2014-01-01

    This article discusses the effects of small banks on economic growth. We first theoretically show that small banks operating at a regional level can spur local economic growth. As compared with big interregional banks, small regional banks are more effective in promoting local economic growth, especially in regions with lower initial endowments and severe credit rationing. We then test the model predictions using a sample of German banks and corresponding regional statistics. We find that sma...

  4. Nigeria’s Investment Environment: Issues of Economic Growth and Development

    Directory of Open Access Journals (Sweden)

    Ikechukwu A. ACHA

    2017-03-01

    Full Text Available In this study, the researchers examine the Nigerian investment environment and assess its contributions or otherwise to the economic growth and development of the country. The study adopted ex post facto and secondary data research designs, using time series data obtained from various editions of CBN Statistical Bulletins. Some environment-specific factors such as the growth rate of RGDP (as dependent variable and Exchange Rate (ER, Inflation Rate (IFR, Prime Lending Rate (PLR, and Total Government Expenditure (TGE, as independent variables. Augmented Dickey Fuller (ADF test was carried out to test for stationarity of the variables Johansen’s cointegration test was also conducted to ascertain the nature of relationship among the variables and on the whole, Ordinary Least Square regression technique was adopted in the analysis of the variables and model used in the study. The ADF results obtained showed that RGDPgr and PLR were stationary at level while ER, IFR, and TGE were stationary at first difference. Also, Trace test indicates 2 cointegrating equations at 5 percent level of significance. The OLS result showed positive relationship between ER, PLR and the RGDPgr but a negative relationship between IFR, TGE and RGDPgr. They recommend that Government through appropriate agencies should reduce prime lending rate to encourage borrowing for investment or other productive activities and that the unexpected negative relationship between government expenditure and economic growth which may be as a result of government spending in unproductive ventures, should be weighed and appropriately channeled.

  5. Control of Resources for Economic Development in Food Networks

    DEFF Research Database (Denmark)

    Brink, Tove

    2010-01-01

    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...... of preferences on the control of resources, the significant benefit of oral instructions and the significant negative impact from supervising product quality on economic development in the context of the food networking SMEs. Previous level of knowledge has no significant influence on their economic development...... of the dynamic composite underlying boundaries to enable innovation for positive impact on economic development....

  6. 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.

  7. 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

  8. 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...: Comprehensive Economic Development Strategy. A Comprehensive Economic Development Strategy (CEDS) is required to...

  9. 15 CFR 296.9 - Activities not permitted for joint ventures.

    Science.gov (United States)

    2010-01-01

    ... marketing of proprietary information, such as patents and trade secrets, developed through such venture, or... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Activities not permitted for joint ventures. 296.9 Section 296.9 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade...

  10. 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

  11. Design principles for corporate venture transition processes in established technology firms

    NARCIS (Netherlands)

    van Burg, J.C.; de Jager, S.; Reymen, I.M.M.J.; Cloodt, M.

    2012-01-01

    Corporate venturing has become a well-known approach toward new business development and strategic renewal for established technology firms. However, without an effectively designed process for aligning and integrating a corporate venture in the established business, the firm increases the risk of

  12. 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

  13. 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

  14. Joint venture: Jacques Giordano Industries, France and REEFCO, Egypt

    International Nuclear Information System (INIS)

    Giordano, J.; Saleh, M.I.

    1992-01-01

    Joint venture arrangements can provide mutually advantageous links between developed and developing countries. Jacques Giordano, President of Jacques Giordano Industries and Mohamed Ibrahim Saleh of REEFCO, Egypt describe their successful partnership which brings quality solar water heaters to the Egyptian market. The topics include technology transfer, manufacturing, marketing, legal aspects, financing, and government policy

  15. C.I.S. joint ventures show progress

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    Chevron Corp. and the Kazakhstan Republic last week signed a joint venture agreement to develop Tengiz and Korolev oil fields on the northeastern Caspian SEa coast in western Kazakhstan. This paper reports that the 50-50 venture will spend $1.5 billion in the first 3 years and $20 billion during the 40 year life of the project. Present production of 60,000 b/d will increase to 700,000 b/d by 2010. The two fields hold as much as 25 billion bbl, of which 6-9 billion bbl are recoverable. The project is the largest joint venture yet between a major Commonwealth of Independent States republic and a major oil company (OGJ, May 18, p. 35)

  16. 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

  17. 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…

  18. 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…

  19. 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.

  20. 585 Idealogy and Economic Development in Nigeria

    African Journals Online (AJOL)

    User

    2010-10-17

    Oct 17, 2010 ... Abstract. Ideology is the body of ideas, views, theories and aims that constitute a political, social or economic programme of a state. Ideology ultimately reflects the prevailing economic relations in a state. This article is an analysis of the claim by the Nigerian ruling class that Nigeria has no ideology.

  1. Labour productivity as a factor of sustainable economic development

    Directory of Open Access Journals (Sweden)

    Mariana-Elena BALU

    2010-09-01

    Full Text Available Romania aims at reducing the economic and social gaps to the EU developed Member States. This requires an economic sustainable growth. An increased labour productivity is one of the main factors of competitiveness at national level and of sustainable economic development.

  2. 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…

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

    African Journals Online (AJOL)

    Corruption has had severe negative consequences on the economic growth and development of Nigeria. This paper presents a review of corruption as it relates to the economic development of Nigeria. By using a theoretical method of analysis, the study reveals that corruption has been a deterrent to economic ...

  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. 2010 Comprehensive Economic Development Strategy "Vision Hampton Roads" : Executive Summary

    Science.gov (United States)

    2010-02-19

    The strategy is an economic development planning tool intended to aid local governments in decision-making. The document provides an analysis of regional and local economic conditions within the Hampton Roads region, defined as including the ten (10)...

  6. 2010 Comprehensive Economic Development Strategy "Vision Hampton Roads"

    Science.gov (United States)

    2010-02-19

    The strategy is an economic development planning tool intended to aid : local governments in decision-making. The document provides an analysis : of regional and local economic conditions within the Hampton Roads : region, defined as including the te...

  7. 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

  8. New venture creation as emerging interdependencies

    DEFF Research Database (Denmark)

    van Oorschot, Robin; Gottlieb, Frederik

    2015-01-01

    What is ‘it’ which actually takes place in the process of the creation of a new venture? Traditional research would focus on the creation of ‘the product’ or the venture. In this paper, we focus on the creation of ‘new meaning’ and emerging interdependencies between people in the process of new...... venture creation. Taking on an auto- ethnographic approach we co-construct, describe and analyse two narratives which on different levels, explore the notion of interdependency emerging in the process of creating a new venture. In our narrative approach we channel our new venture creation research...... 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...

  9. 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.

  10. The University and Local Economic Development

    Directory of Open Access Journals (Sweden)

    John MULLIN

    2012-12-01

    Full Text Available Increasing pressures on universities and educational institutions to be more involved in the communities that house them have led to a wave of interactions that have been both creative and mutually supportive. These ‘town-gown’ relations have stemmed not only from pressures by government leaders, but also from the sense of civic responsibility and the drive for ‘service learning’ where students move beyond the academic walls to engage in real life situations as part of the learning process. The resultant merits are invaluable lessons and experiences that are mutually beneficial to the students and the communities. Similarly, the involvement of community residents with events on campus fosters a mutual relationship and a positive perception towards the university. Challenges with such partnerships include the resentment between the community residents and the university members and the ‘us and them’ mentality that leads to communication blocks, mistrust and resentment. Overcoming these sentiments requires perseverance, patience, and creative thinking. This paper discusses one successful partnership between the University of Massachusetts at Amherst and the City of Springfield in Massachusetts. This collaboration was targeted to benefit the City by helping with their economic revitalization efforts, and the University by giving them a space in downtown Springfield for a ‘Design Center’, where students have a meeting space for studio and field work and can then exhibit their work. The paper ends with a set of principles that can guide other institutions and communities in developing strategic outreach and engagement activities.

  11. CAPITAL MARKET DEVELOPMENT AND ECONOMIC GROWTH: THE CASE OF ROMANIA

    Directory of Open Access Journals (Sweden)

    FLAVIA BARNA

    2010-01-01

    Full Text Available Capital markets play an important role in the economic development of emerging capital markets. Well functioning markets insure that both corporations and investors get or receive fair prices for their securities. In the literature on endogenous growth, the link between capital markets development and economic growth has received much attention. Thispaper examines the correlation between capital market development and economic growth in Romania using a regression function. The results show that the capital market development is positively correlated with economic growth, with feed-back effect, but the strongest link is from economic growth to capital market, suggesting that financial development follows economic growth, economic growth determining financial institutions to change and develop.

  12. 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.

  13. 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.

  14. Is Economic Integration Between Developing Countries a Singular Process?

    OpenAIRE

    Koné, Salif

    2012-01-01

    This paper examines the economic integration processes among developing countries and developed nations. It looks into the possible existence of a general theory of economic integration and the reflection is carried out on three levels. The first is theoretical even normative, analyzing the concept of economic integration in various fields. The next is descriptive, which is based on the presentation of the initiatives (past and present) of economic integration. Finally, there is comparative w...

  15. 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....

  16. Valuing Joint Ventures Using Real Options

    OpenAIRE

    Ulrich Pape; Stephan Schmidt-Tank

    2005-01-01

    As the valuation of strategic measures becomes increasingly important, relatively few articles have discussed the valuation methods pertained for joint ventures. This paper shows that real options contribute to a better valuation of joint venture projects through superior reflection of the value drivers compared to traditional valuation methodology. Particularly, the strategic value of a joint venture and the value of flexibility that stems from a less than full commitment can be determined u...

  17. 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.

  18. Adding value to corporate ventures through governance

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    This working paper examines the governance of corporate ventures based upon a qualitative interview based case study of a European industrial conglomerate. The purpose is to explore the value adding mechanisms of governance, that are considered more critical to the success of corporate ventures...... than the control mechanisms widely explored in connection with the governance of large public corporations. The paper provides examples of how value can be added as well as perspectives on the challenges and effectivenes here-off as evaluated by venture CEO's and venture board members...

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

    African Journals Online (AJOL)

    African Review of Economics and Finance. Journal Home · ABOUT THIS JOURNAL · Advanced Search · Current Issue · Archives · Journal Home > Vol 4, No 2 (2013) >. Log in or Register to get access to full text downloads.

  20. 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.

  1. 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...

  2. Financial development and economic growth. An empirical analysis for Ireland

    Directory of Open Access Journals (Sweden)

    Antonios Adamopoulos

    2010-07-01

    Full Text Available This study investigated the relationship between financial development and economicgrowth for Ireland for the period 1965-2007 using a vector error correction model (VECM.Questions were raised whether financial development causes economic growth or reverselytaking into account the positive effect of industrial production index. Financial marketdevelopment is estimated by the effect of credit market development and stock marketdevelopment on economic growth. The objective of this study was to examine the long-runrelationship between these variables applying the Johansen cointegration analysis takinginto account the maximum eigenvalues and trace statistics tests. Granger causality testsindicated that economic growth causes credit market development, while there is a bilateralcausal relationship between stock market development and economic growth. Therefore, itcan be inferred that economic growth has a positive effect on stock market development andcredit market development taking into account the positive effect of industrial productiongrowth on economic growth for Ireland.

  3. Economic and Human Resource Development: Challenges of the 90s.

    Science.gov (United States)

    Ellison, Nolen M.

    A discussion is presented of the roles of economic and human resource development in a changing economy and society. Introductory material considers the economic changes taking place in society and argues that strategies for economic redevelopment and revitalization must explicitly incorporate strategies for partnership building related to work…

  4. health needs sustainable development, not more economic growth

    Indian Academy of Sciences (India)

    First page Back Continue Last page Overview Graphics. HEALTH NEEDS SUSTAINABLE DEVELOPMENT, NOT MORE ECONOMIC GROWTH. The pursuit of carbon-emitting economic growth has not provided economic and social stability – key determinants of health - for much of the world's population. Better health for all ...

  5. 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…

  6. 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.

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

    Directory of Open Access Journals (Sweden)

    Erkan Poyraz

    2016-06-01

    Full Text Available 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 has found the limited number of application and has not yet fully known in Turkey due to the lack of incentives. In line with the scope of the study, venture capital financing practices in Turkey is compared, and the impact of these practices on the economy is investigated. This study is highlighted how venture capital financing model triggers initiatives. The study is also focused on the impact of venture capital in terms of sustainability. At last, some recommendations are given on improving the processes in terms of venture capital parties and legislators.

  8. 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.

  9. Economic and Market Developments in the Franc Zone

    OpenAIRE

    MATRIC Staff

    1997-01-01

    Economic development in many Sub-Saharan African countries has been restricted by obstacles such as political instability, population expansion, environmental degradation, and poor technical support systems. However, one group of countries, known as the Franc Zone, experienced economic growth from the 1960s through the early 1980s. This paper provides an overview of the Franc Zone and its economic history, followed by recent economic and market profiles of three of its larger agricultural-bas...

  10. 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

  11. 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...

  12. 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...

  13. 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.

  14. From Creativity to New Venture Creation

    DEFF Research Database (Denmark)

    Lund, Morten; Byrge, Christian; Nielsen, Christian

    2017-01-01

    This paper explores the processes of creating new companies with original and useful business models from a conceptual perspective. Based on data from large-scale creativity training programs and business model development studies in Denmark encompassing over 100 companies and 200 entrepreneurs......, the key proposition of the paper is that entrepreneurs can enhance their development processes through training of their competences in creativity and in business modeling. The paper presents a set of key skill variables of creativity and of business modeling that need to be trained in order to enhance......, are discussed, followed by a more in-depth discussion of the interrelationships between the creative process and the business modeling process. The implications of the paper are discussed in terms of a combined study module aimed at new venture creation students and pupils within higher education as well...

  15. ENTREPRENEURSHIP AS A FACTOR OF ECONOMIC DEVELOPMENT OF THE ENTERPRISE

    Directory of Open Access Journals (Sweden)

    O. B. Repkina

    2010-01-01

    Full Text Available Importance and role of entrepreneurship for enterprise development process under current economic conditions are discussed. Ways to improve enterprise entrepreneurship efficiency are proposed.

  16. Economic development and growth in transition countries

    NARCIS (Netherlands)

    Rusinova, D.T.

    2010-01-01

    The countries of Central and Eastern Europe and the former Soviet Union, commonly referred to as "transition countries", have undergone transformations unparalleled in recent economic history. This book concentrates on three aspects of the transition process: the factors driving growth, the effect

  17. Economics | Page 11 | IDRC - International Development Research ...

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

    Economics. Économie. Colour. #2C81B5. Across Africa, men and women are increasingly entering the marketplace as small business owners, offering a range of goods and services. ... They also examine the supply of and demand for financial services in the region, with a particular focus on marginalized populations.

  18. Welfare Reform and Black Women's Economic Development

    Science.gov (United States)

    Alfred, Mary V.

    2007-01-01

    In 1996, the United States Congress passed the Personal Responsibility and Work Opportunity Reconciliation Act, placing emphasis on individuals to take responsibility for separating themselves from governmental dependence by becoming economically self-sufficient through employment. Using a qualitative approach, this study explored the experiences…

  19. 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…

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

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

    Economics. Économie. Colour. #2C81B5. Agents of Change presents the results of an international conference held in Africa. It provides practical solutions and suggestions for real change. It discusses national strategies for small enterprises, examines legal, regulatory, and tax reform, and makes proposals on how to ...

  1. 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 ...

  2. Economics | Page 32 | IDRC - International Development Research ...

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

    Economics. Économie. Colour. #2C81B5. Rather than simply analyzing the current functioning of the WTO, its problems and challenges, this volume is also a call to action. It lays out proposals that are likely to become a blueprint for reform of the WTO as an institution. Its contents are abundantly worthy of reflection and ...

  3. 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.

  4. Economic Development, Urbanisation, Energy Consumption and ...

    African Journals Online (AJOL)

    The findings lead to the reiteration of the old call for economic diversification in Nigeria and other similar countries to shift urbanisation from a rural push mode to an urban pull mode. More important is that the shift should be powered by the efficient use of both non-renewable and renewable energy sources.

  5. 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 joint...

  6. Determinants of Development of Socio-Economic Systems

    Directory of Open Access Journals (Sweden)

    Opalko Viktoriia V.

    2017-03-01

    Full Text Available The aim of the study is to determine the dynamics of development, factors and determinants that can stimulate the development of socio-economic systems. There proposed the author’s approach to the concept of “development of the socio-economic system”, which should be understood as gradual quantitative and qualitative changes in the functioning of the social and market institutions of the system. The theoretical principles of the dynamics of development of socio-economic systems that allow identifying the determinants capable to qualitatively change the development of socio-economic systems are systematized. The novelty of the study is the proposed formalized approach to development determinants that in the aggregate significantly change the functioning of the socio-economic system. It is proved that the determinants of development cause fluctuations, phase transitions from the previous level of development to the next one.

  7. Venture Philanthropy's Market Strategies Fail Urban Kids

    Science.gov (United States)

    Shiller, Jessica

    2012-01-01

    The latest wave of reform in urban schools, led by the venture philanthropists, has made a great deal of change, without much progress. Foundations with a venture philanthropy bent, like the Walton Family Foundation, the Gates Foundation, and the Broad Foundation, say market principles, such as choice and competition, will improve schools. If…

  8. Planning an ambulatory care joint venture.

    Science.gov (United States)

    Harpster, L M

    1988-01-01

    This article discusses ambulatory care joint ventures by hospitals and selected members of their medical staffs and emphasizes the resolution of problems in the early planning stages. Failure to follow an orderly and thoughtful planning process not only risks valuable resources of the venture partners, but also jeopardizes the working relationship between the hospital and its medical staff.

  9. 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...

  10. 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.

  11. 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.…

  12. 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

  13. 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…

  14. 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

  15. 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.

  16. 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.

  17. 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

  18. 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

  19. 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

  20. 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.

  1. The Role of Multilateral Development Banks in Promoting Economic Integration

    OpenAIRE

    Abalkina, Anna

    2006-01-01

    This paper investigates the role of multilateral development banks in promoting economic integration in different regional blocs. The experience of financing regional public goods by several multilateral development banks is studied (Inter-American Development Bank, Central American Bank for Economic Integration, Andean Development Corporation, Asian Development Bank). Special attention is paid to the perspectives of the multilateral development banks in promoting regional integration in the ...

  2. 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.)

  3. 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.

  4. 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.

  5. Water infrastructure for human and economic development

    CSIR Research Space (South Africa)

    Wall, K

    2010-01-01

    Full Text Available 14: Capacity of municipalities to provide waste water treatment services ...................................45 Figure 15: Mining areas and minerals particularly susceptible to the formation of AMD ..........................47 Figure 16: Trialogue... on society through both the primary treatment costs and the secondary impacts on the economy: ? The more polluted the water resource, the higher the treatment costs; ? Human health (and the resultant loss in economic activity) is affected by poor water...

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

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

    Economics. Économie. Colour. #2C81B5. L'humanité est de plus en plus tributaire des ressources marines et côtières. Les petites entreprises de pêche emploient aujourd'hui 50 des 51 millions de pêcheurs du monde, qui se trouvent pratiquement tous dans des pays en développement. Ensemble, ils produisent plus de la ...

  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. Economic Liberalization as Development Policy: the Contemporary Debate

    OpenAIRE

    Dejene Mamo Bekana

    2011-01-01

    The essay argues that the influential neoliberal economic philosophers assume that market and price mechanisms should be promoted to achieve economic development and calls for economic liberalization undermining the role of policy instruments. The essay challenges the presuppositions of these arguments. It maintains that Selective liberalization should be pursued by governments after development of regulatory and institutional frameworks that enable governments to monitor market operation and...

  9. 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.

  10. 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

  11. Fortification of New Venture Branding through Brand Image and Brand Identity : An exploratory study to shed new light on branding for new venture entrepreneurs

    OpenAIRE

    Bjur, Elin; Christo-Dionne, Dimitri

    2016-01-01

    Introduction Entrepreneurs embarking upon a new business venture have a vast amount of responsibilities to consider during the new venture phase, therefore strategically taking action to gain a competitive advantage in the marketplace is a necessity. While there exist many routes towards acquiring an edge over the competition, branding proves to be a highly effective and influential strategy. As entrepreneurs are left to their own business development devise, there is no one approach towards ...

  12. MANAGING ECONOMIC DEVELOPMENT BY TOURISM CONTRIBUTION: EMPIRICAL EVIDENCE

    Directory of Open Access Journals (Sweden)

    Biljana Petrevska

    2013-04-01

    Full Text Available Tourism became one of the leading world industries thus provoking an interest among all countries, regardless the level of their economic development. Moreover, by increasing the number of incoming tourists, each country attempts to contribute to strengthening its economic growth. The paper addresses the economic impacts of tourism in Macedonia and makes an effort to assess its contribution to economic development. For that purpose, some commonly applied economic parameters are employed. The data set is observed in two sub-periods: 1991-2000 as a period just after the independence of Macedonia and 2001-2010 as a period extensive enough to observe the first tourism outcomes. The research generally is covered by comparative analyses based on available sources of secondary data. The outcomes point to modest contribution of tourism towards economic development, and underscores the necessity for managing actions and measures for enhancing current status.

  13. Corruption and Economic Development in Nigeria: Connections and ...

    African Journals Online (AJOL)

    The concern for achieving and sustaining high level of economic development is usually a top priority issue for governments all over the world. Hence, when economic development is planned and financed, what usually determines the success rate is the extent to which the resources earmarked for projects are judiciously ...

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

    African Journals Online (AJOL)

    Since independence, Ghana has adopted different strategies in a quest for a sustainable economic development agenda to better the lives of her citizens. The Nkrumah administration initiated the process through an Import-Substitution Industrialisation-led economic development policy agenda from 1957 to 1966. That was ...

  15. 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

  16. 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…

  17. Impact of Reproductive Health on Socio-economic Development: A ...

    African Journals Online (AJOL)

    Impact of Reproductive Health on Socio-economic Development: A Case Study of Nigeria. ... African Journal of Reproductive Health ... Nigeria, the most populous country in Africa, has policies and programmes geared towards the improvement of its socio-economic standing and overal development, with little positive result.

  18. 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.

  19. 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 ...

  20. 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 ...

  1. Topological properties and community detection of venture capital network: Evidence from China

    Science.gov (United States)

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

    2016-01-01

    Financial networks have been extensively studied as examples of real world complex networks. Based on the data from Chinese GEM and SME board, we establish a venture capital (VC) network to study the statistical properties, topological properties and community structure of the Chinese venture capital network. The result shows that there are no dominant venture capital firms in China which act as hubs in the VC network, and multi-company syndication is not popular in China, meaning that the relationships among venture capital companies are weak. The network is robust under either random or intentional attack, and possesses small world property. We also find from its community structure that, venture capital companies are more concentrated in developed districts but the links within the same district are scarce as compared to the links between different developed districts, indicating that venture capital companies are more willing to syndicate with companies in other developed districts. Furthermore, venture capital companies which invest in the same industry have closer relations within their communities than those which do not invest in the same industry.

  2. Tactical Economics: The U.S. Army’s Tactical Contribution to Economic Development

    Science.gov (United States)

    2012-06-08

    gleaned from prominent scholars in the field of economic development. One of the prominent debates on economic development is between Dr. Jeffrey ... Sachs , and Dr. William Easterly. Sachs is a world-renowned scholar made popular with his involvement on the transition of the former Soviet Union from...He now serves as Director of the Earth Institute at Columbia University and Quetelet Professor of Sustainable Development. Sachs argues that

  3. 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)

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

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

    Economics. Économie. Colour. #2C81B5. Watershed décrit la crise de l'eau à laquelle font face aujourd'hui Israël et les Territoires occupés de la Palestine – crise qui aura beaucoup d'effet sur la conception et la réussite des propositions de paix en cours. Les auteurs analysent la géopolitique de l'eau dans la région, ...

  5. 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.

  6. 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.

  7. Population Growth and Economic and Social Development.

    Science.gov (United States)

    Clausen, A. W.

    1985-01-01

    All evidence shows that fast population growth slows development in the developing countries. It is the combination of social development and family planning that is so powerful in reducing fertility. Governments must act now. (RM)

  8. 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.

  9. Forecasting of Socio-Economic Development of the Russian Regions

    Directory of Open Access Journals (Sweden)

    Galina Yuryevna Gagarina

    2017-12-01

    Full Text Available The regional differentiation makes impossible the sustainable socio-economic development of the subjects of the Russian Federation without the monitoring public governance results in space and time. Despite the comprehensive approach of the current procedure, approved by the federal government, it does not adequately assess the executive authorities effectiveness. Its main problem is the impossibility to assume such important administrative function as forecasting the social and economic development of Russian territorial subjects. The authors propose an alternative methodology on the basis of the system economic theory. This technique is implemented in several consecutive stages. Firstly, we develop the system of 30 indicators. Secondly, we normalize the values of the indicators using the method of pattern. Thirdly, we calculate the index of the social and economic development of Russian regions for 2011–2015 assuming that the indicators are equal. Last, we group Russian regions into clusters according to the level of their social and economic development using neural network technologies (Kohonen selforganizing maps. Only 9 in 80 subjects of the Russian Federation (RF had the degree of realizing the social and economic potential higher than 40 % during the period under consideration. In 2011–2015, the most of regions had a low and lower than average level of social and economic development (with an aggregate share about 64.3 %. It means that, under current conditions, the majority of the RF regions have considerable reserves for realizing their social-economic potential. In particular, the absence of the territorial subjects with a high level of social and economic development proves that. The authors have simulated the social and economic situation of the RF subjects by means of an adequate Bayesian neural networks. The obtained results can be used as the basis for further research in the field of evaluating executive authorities

  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. Economic development strategies of regions of Russia: system crisis and new economic space

    Directory of Open Access Journals (Sweden)

    Aleksandr Borisovich Gusev

    2013-12-01

    Full Text Available To assess the strength of internal economic space of Russia and the positiveness of the interregional economic relations, the paper investigates the types of economic interaction of federal districts by means of “predator-prey” models. The strategic economic breaks between the European and East parts of the country are revealed. The accelerated economic growth of East part of the country is predicted that will allow to reach about the same volume of Gross Regional Product (GRP as GRP in the European part of Russia by 2020. With the help of model constructions the typology of integration crises of federal districts with each other is revealed: back-to-back paralyzing of economic activity (A crisis; mutual destruction (B crisis; economic indifference (C crisis; transition of a role of «predator» to the economically weak territories (D crisis. Macroeconomic threat and challenge to the territorial integrity of Russia is proved due to the state support of regions of the North Caucasus Federal District without involvement of intro regional sources of economic growth, and due to the accelerated economic development of the Far East Federal District. The limited opportunities of the Ural Federal District to support the national economy during a crisis at the expense of export of energy carriers is concluded. The thesis about the low sensitivity of the economy of Russia to the increase of the oil world prices, and about sensitivity to the negative external economic conditions are reasonable. Estimates of the GRP decrease in Russia at the various levels of decrease in the world prices for oil (up to 50 US dollars for barrel are received and given. The package of measures on response to the threats revealing to the internal economic space and territorial integrity of the country is presented.Keywords: regional economy, regional economic integration, federal districts, “predator-prey” model

  12. 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.

  13. 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.

  14. ADMINISTRATION AND LOCAL ECONOMIC DEVELOPMENT CASE STUDY: VALCEA COUNTY

    Directory of Open Access Journals (Sweden)

    Aurelia-Camelia MARIN

    2012-01-01

    Full Text Available Involving local governments is one of the key issues and challenges for the development of each region, not least for the development of Romania, as an EU member country. The main purpose of this paper is to identify the main factors affecting the ability of local authorities in Romania, especially those in Valcea county to provide economic operators and citizens conducting an environment of economic activities and a high level of quality of life. For example, I follow the development of several economic indicators relevant for economic development and opportunities for involvement of local government to improve the economic situation specific to this county. As research methods in paper I plugged classification, synthesis, static and dynamic comparative analysis, methods of induction and deduction, the graphical representation of events and phenomena investigated in an attempt to provide an explanation of the problem that is, in terms theoretically convincing.

  15. Balance of Payments Constrained Economic Growth in Nigeria ...

    African Journals Online (AJOL)

    externalengagement component widely accepted as a key determinant of its economic growth and development. Until the advent of petroleum in the late 1950's, the government implemented investment ventures with the assistance of overseas aid, local savings and revenue from agricultural export. Nonetheless, the extent ...

  16. 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.

  17. 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.

  18. BREXIT IMPACT ON SERBIAN ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Ljiljana Stošić Mihajlović

    2016-07-01

    Full Text Available On Thursday, 23.6.2016. the British were out to vote - a referendum to stay or exit from European Union nations. With minimal but sufficient majority pleaded United Kingdom leave European Union. The paradox is even greater because there are, the principles, and the chapters that each member state has to pass, and to harmonize its legislation and rules of good practice in force in the EU, but there are no rules to carry out, or how to handle the situation when the country decided by a majority vote of its population to leave the EU. However, what is for Serbia at this moment most important is how it will affect the flow Brexit and Serbia's path towards the EU, in terms of whether and how much will be the consequences for Serbia in the light of recent events. More important question is, it seems, refers to economic stability in Serbia. In this regard, the paper discusses the situation primarily on the economic front Serbia after the decision of Great Britain to leave the European Union. Special attention is paid to the opportunities that presented themselves in connection with a faster reception of Serbia in the EU or in the work also indicates the obstacles that Serbia will inevitably encounter on the road to the EU as a strategic orientation through and in a situation where the purpose and existence of the European Union questioned. However, the conclusion is that the citizens of Serbia needed strong EU compared to the one that has ever existed.

  19. The role of tourism in sustainable economic development

    OpenAIRE

    Salvo Creaco; Giulio Querini

    2003-01-01

    Tourism is now one of the world's largest industries and one of its fastest growing economic sectors. For many countries tourism is seen as a main instrument for regional development, as it stimulates new economic activities. Tourism may have a positive economic impact on the balance of payments, on employment, on gross income and production, but it may also have negative effects, particularly on the environment. Unplanned and uncontrolled tourism growth can result in such a deterioration of ...

  20. Chinese Economic Development in the Next 20 Years

    OpenAIRE

    Liang-Xin Li

    2016-01-01

    In this paper, Chinese economic development is discussed in detail. The 5 major strategies are investigated thoroughly: 1) Speed-maintaining strategies. In this strategies, China must hold a suitable high speed economic growth rate in order to fully use Chinese manpower and world economic opportunities; 2)Healthy economy strategy. By designing and making all effective policies, China must strive to keep Chinese economy in a healthy and controllable status. 3) Competiveness strategy. For this ...

  1. 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...

  2. 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...

  3. Annual World Bank Conference on Development Economics--Europe 2004 : Economic Integration and Social Responsibility

    OpenAIRE

    Bourguignon, Francois; Jacquet, Pierre; Pleskovic, Boris

    2007-01-01

    To address these broad questions: How to analyze the impact of globalization? What is the effect of rich countries' policies on developing ones? How to redefine the development agenda and scale-up the aid effort? The European Conference on Development Economics (ABCDE-Europe) focused on some of the problematic features of globalization and discussed the global impact of developed countries...

  4. 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.

  5. 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.

  6. 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

  7. Economic development for an exploding population.

    Science.gov (United States)

    Roukens De Lange, A

    1979-01-01

    The author outlines proposals for the organization and implementation of development policies in Zimbabwe. Suggestions are made for adjustments for policies and life styles to respond to threats of overpopulation, depletion of resources, pollution, and famine. Types and problems of development and fallacies of development planning are examined. Methods of research are briefly discussed

  8. VA Health Care. Additional Efforts to Better Assess Joint Ventures Needed

    National Research Council Canada - National Science Library

    2008-01-01

    .... VA has maintained eight joint ventures with DOD across the country. VA has also developed partnerships, or affiliations, with university medical schools to obtain health care services for veterans and provide training to medical residents...

  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. This ...

  10. [Immigration and economic development in Eastern Asia].

    Science.gov (United States)

    Lim, L L

    1994-01-01

    This work describes recent trends in East Asian migration and their economic effects. The great waves of emigration of the past have largely ceased from Japan and the "dragons" of East Asia, and all have become countries of illegal immigration, return of emigrants, and legal entry of professionals. All the countries except Hong Kong have maintained strict immigration policies in order to protect their traditional and homogeneous societies and the employment and income of their own citizens. But despite active encouragement of industrial displacement to countries with cheap and abundant manpower, the labor shortages in these countries have become so severe that they have had to tolerate increased immigration. There is little evidence that immigrants have taken the jobs of natives or caused their incomes to decrease. They appear to complement shrinking local labor forces in these countries of drastically reduced fertility. The annual growth of the active population is predicted to decline from 523,000 in the 1980s to 227,000 in the 1990s in Japan, from 231,000 to 149,000 in Taiwan, and from 400,000 to 300,000 in Korea. Full employment was achieved in Japan in the early 1960s, in Taiwan in the late 1960s, in Hong Kong in the early 1970s, and in Korea in the late 1980s. Full employment was the major factor prompting relaxed immigration controls in these countries. The foreign workers are concentrated in less skilled jobs in dirty or dangerous industries that are shunned by the local population. Opponents of liberalized immigration policies cite the supplementary expenditures for infrastructure and services necessitated by the workers as well as for integration of workers desiring longterm settlement, especially if they are of different ethnicity. No definitive conclusions can be drawn about the overall positive or negative impact of immigration in East Asia without specifying the perspective from which the analysis is made--economic or social, short or long term, from

  11. 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.

  12. Measuring the Degree of Local Administration Action in Economic Development

    Directory of Open Access Journals (Sweden)

    Elena Botezat

    2006-03-01

    Full Text Available The attentive diagnosis of the local economic basis, the deep understanding of the obstacles that confront the economic growth and the investments, the elaboration and the implementation of certain strategies to facilitate the investments are the means by which the local authorities can assure the future of the local community which voted them. The present paper proposes to measure the effectiveness and efficacity of their activity by lying the basis of the methodology of calculating the degree the local authorities imply themselves in the local economic development and its impact upon the financial mana¬gement performance of a certain town. Only a management that sustains the local economic development can lead to the permanent growth of the economic basis, which generates permanent development.

  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. 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.

  15. 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 ...

  16. The Role of Stock Market Development on Economic Growth in ...

    African Journals Online (AJOL)

    African Research Review ... Abstract. This study investigated the role of stock market development on economic growth of Nigeria using a 15-year time series data from 1994 - 2008. ... This result implies that liquidity has propensity to spur economic growth in Nigeria and that market capitalization influences market liquidity.

  17. 153 Monetary Policy and Nigeria's Economic Development (Pp. 153 ...

    African Journals Online (AJOL)

    User

    2010-10-17

    Oct 17, 2010 ... This policy employs central bank's control of the supply of money as instrument for achieving desired economic goals. Ridhwan, DeGroot, Henri, Nijkamp and Rietveld (2010) studied the impact of monetary policy on economic development in some economies using vector autoregressive (VAR) models and ...

  18. Contributions of Esan women to sustainable economic development ...

    African Journals Online (AJOL)

    This paper highlights aspects of Production amongst Esan Women for Sustainable Economic Development and the Consolidation of Intra and Inter Group Relations between1850-1960: Lesson for Nigeria Still in Search of Economic Relations. This paper is timely due to the dearth of literature on women and their ...

  19. 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

  20. Feminism and the global economic development of human capital: a ...

    African Journals Online (AJOL)

    Feminism and the global economic development of human capital: a philosophical analysis. Irene Omolola Adadevoh. Abstract. No Abstract. The Nigerian Journal of Economic History Vol. 3 2000: 110-123. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT · AJOL African ...

  1. 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…

  2. 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 ...

  3. Models of Economic Growth and Development in the Context of ...

    African Journals Online (AJOL)

    The Way Forward for Africa. Lansana Keita* ... to such progress. Key Words: economic growth, economic development, human capital, growth models. Résumé. La littérature économique depuis l'avènement de l'économie moderne a été ..... between the economy's growth rate according to investment and the propensity to ...

  4. Perspective: Socio-economic development and child survival | Onike ...

    African Journals Online (AJOL)

    Perspective: Socio-economic development and child survival. ... Nigerian Journal of Paediatrics ... Soon after independence in the 1950's and 60's many African countries suffered political unrest, social upheaval and economic instability with military coups and or civil wars, leaving 20 million internally displaced or refugees, ...

  5. European Trading Companies and Economic Development in the ...

    African Journals Online (AJOL)

    European trading companies and economic development in the Cross River Basin 1888 to 1960 is a historical topic that should attract the attention of current economic historians. The paper focuses on the gradual planting of European colonial presence in the interior of the Basin through the agency of their trading ...

  6. ISLAMIC FINANCE DEVELOPMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM TURKEY

    Directory of Open Access Journals (Sweden)

    Mustapha JOBARTEH

    2017-02-01

    Full Text Available This work is a study on Islamic finance development and economic growth nexus for Turkey. It employs the econometric methods of unit root, co-integration, and Granger causality in a VECM framework; and the results, which are robust to all measures of Islamic finance development, show a unidirectional short and long run causality from Islamic finance development to economic growth. Hence, it is recommended that policy makers increase their efforts in promoting Islamic finance in Turkey.

  7. 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.

  8. Economics | Page 28 | IDRC - International Development Research ...

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

    The diffusion of its benefits in developing countries (where resources are unevenly distributed to begin with) is therefore an issue of central importance to the ... the results of an international initiative to document the effects of how health systems in the developing world have responded to macroeconomic austerity and ...

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

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

    1995-01-01

    Jan 1, 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 ...

  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. Optimal syndication decision of corporate venture capital and venture capital firms

    OpenAIRE

    Frick, Andreas; Maxin, Hannes

    2016-01-01

    Venture capital and corporate venture capital firms are driven by high financial returns through the sale of ownership stakes. Additionally, corporate venture capital firms maximize the profits of their parent companies by generating innovation advantage. Despite this, both intermediaries can join syndicates to obtain more information about their potential investments. We examine a model to show the differences between the syndication decisions of these two investor types. We find that corpor...

  12. 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...

  13. 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.

  14. Sustainable economic development under The perspective of the agrarian right

    Directory of Open Access Journals (Sweden)

    Bruna Araújo Guimarães

    2016-12-01

    Full Text Available The present work is about an analysis of the principle of the sustainable economic development under the optics of the agrarian economic activity, tends in view to growing environmental crisis after the Green Revolution and the emergence of agroindustrial complexes. It is studied the juridical conflict between the sectors, aiming the balance for the full guarantee to the environment, to the economic development and the function of the property foreseen in the Constitution. It is looked for to introduce a study to reach agrarian sustainable development. The methodology used understood the bibliographical revision of the literature related to the theme.

  15. 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:

  16. 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...

  17. 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.

  18. 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

  19. Instant Internationalization of Emerging Economy New Ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    Being positioned and the intersection of international entrepreneurship and institutional theory, this study explores the process of instant internationalization of new ventures from emerging economies. It adopts a single-case study methodology, purposefully selecting an information-rich case where...... context of an emerging industry. Yet another set of contributions concerns the legitimation process of internationalization of a new venture from an emerging economy. A number of propositions are put forward to guide future research....

  20. 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.

  1. 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.

  2. Spawning Economic Development through Enforcement of ...

    African Journals Online (AJOL)

    In recent years, the human rights based approach to development has become a global phenomenon after the World Summit of 2005 when the members of United Nations resolved to integrate the promotion and protection of human rights into national polices. South Africa as a signatory to the above adopted this approach.

  3. Evolutionary economic theories of sustainable development

    NARCIS (Netherlands)

    Mulder, P.; van den Bergh, J.C.J.M.

    2001-01-01

    Sustainable development has become the dominant concept in the study of interactions between the economy and the biophysical environment, as well as a generally accepted goal of environmental policy. So far, economists have predominantly applied standard or neo-classical theory to environmental

  4. 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.

  5. 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 ...

  6. 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

  7. SME Credit Financing, Financial Development and Economic ...

    African Journals Online (AJOL)

    This paper examines the impact of small and medium-scale enterprises (SMEs) credit financing and financial market development and their shocks on the output growth of Nigeria. The study estimated a VAR model for Nigeria using 1970-2013 annual data series. Unit root tests and cointegration are carried out. The study ...

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

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

    For centuries, communities have been founded or shaped based upon their access to natural resources and today, in our globalizing world, major natural resource developments are spreading to more remote areas. Mining operations are a good example: they have a profound impact on local communities and are often the ...

  9. 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.

  10. Economic valuation of aquatic ecosystem services in developing countries

    DEFF Research Database (Denmark)

    Korsgaard, Louise; Schou, Jesper S.

    2010-01-01

    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......-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...... 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...

  11. 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.

  12. 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.

  13. Book Review: Real estate, construction and economic development ...

    African Journals Online (AJOL)

    Book Title: Real estate, construction and economic development in emerging market economies. Book Authors: Edited by Raymond Talinbe Abdulai, Franklin Obeng-Odoom, Edward Ochieng, Vida Maliene. (2015). Taylor & Francis, UK. ISBN: 9780415747899 ...

  14. 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.

  15. 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

  16. 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.

  17. 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.

  18. 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...

  19. Paths of economic development: modelling factors of endogenous growth

    OpenAIRE

    Fusari, Angelo

    1994-01-01

    This article sets out a model giving an interpretation of the engine of economic development and growth, and business cycle. Based on a peculiar concept of dynamic competition, the model explains innovation and uncertainty and describes the way equilibrating and disequilibrating processes are intertwined and operate. It also carries out concise application to successive stages of economic development, along with some econometric application, that demonstrates the degree of gene...

  20. 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...

  1. 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.

  2. SUSTAINABLE DEVELOPMENT OF INDUSTRIAL ENTERPRISES IN CONDITIONS OF ECONOMIC INSTABILITY

    Directory of Open Access Journals (Sweden)

    M. Ya. Veselovsky

    2015-01-01

    Full Text Available In article the perspective of a sustainable development of the industrial enterprises is investigated, the factors infl uencing stability of development of the enterprises are analyzed, defi nition of different types of economic stability in the period of economic instability is given, internal and external factors of stability of the enterprises are allocated, is underlined that economic stability, first of all, is distinguished from the major factors infl uencing stability of development of the industrial enterprises. At the same time, authors consider factors of the available instability and their infl uence on rates of development of the industrial enterprises. Change of the current situation requires weakening of a number of the factors resulting in economic instability.Purposes. The purpose of article is the analysis of factors of the industrial enterprises infl uencing a sustainable development in the conditions of economic instability and development of the off ers providing on their sustainable development. Article tasks: to investigate and allocate factors, in the conditions of the worsening economic situation which are expedient for considering at a solution of the problem of a sustainable development of the industrial enterprises.Methodology. When carrying out the real research materials of the state statistics were the main sources of basic data. Comparative methods of the analysis are the basis for methodical development.Results. The concept is given and types of economic stability of the industrial enterprises are given. Infl uence of internal and external factors of the enterprises infl uencing stability is shown. Infl uence of an economic situation on a role of these factors is allocated. For achievement of a sustainable development of the industrial enterprises it is off ered to realize measures for weakening of the factors resulting in economic instability.Conclusions / importance. In the conditions of new economic

  3. A systems approach to the economics of nuclear power development

    International Nuclear Information System (INIS)

    Dragny, M.; Martinek, I.

    1984-01-01

    Nuclear power plays a very important role in the long-term energy policy of Czechoslovakia. Its development is directly linked to the development of a nuclear power complex which includes, in addition to nuclear power itself, a series of new special nuclear production processes. The nuclear power complex is a large and highly complex technological and socio-economic scheme whose establishment requires substantial structural changes in the national economy. Accordingly, it is important to consider the economics of nuclear power development and management in relation to the development of the nuclear complex as a whole. Such an approach helps to reveal the interrelationship between the development of nuclear power and the development of the national economy as a whole, and makes it possible to determine the factors limiting development and also to establish the general economic necessity of introducing nuclear power production and ways of actively affecting it. (author)

  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. The federal government as venture capitalist: how does it fare?

    Science.gov (United States)

    Iglehart, J K

    1980-01-01

    The federal government's interest in promoting the development of HMOs is a unique experiment in venture capitalism. Under the beleaguered administration of the Office of Health Maintenance Organizations, the conflicting goals and procedures of government and private business have not been easily reconciled. Within a department (HHS) that tilts to regulatory approaches, OHMO has made some notable progress as an outpost of marketplace solutions to the problems of production, distribution, and financing of health care.

  6. Informal Sector, Income Inequality and Economic Development

    OpenAIRE

    Prabir C. Bhattacharya

    2007-01-01

    This paper addresses - with the help of numerical simulation - some of the issues relating to income distribution in the context of development of an economy with an informal sector and migration of both low and high skilled workers from the rural to the urban area. A major aim has been to see under what conditions we do or do not get an inverted U-shaped curve of income distribution. The paper finds that the tendency always is for the Gini coefficient to rise and then decline. However, once ...

  7. FORMING MANAGEMENT IMPACTS IN AVIATION COMPANIES ECONOMIC DEVELOPMENT ADMINISTRATION SYSTEM

    Directory of Open Access Journals (Sweden)

    Victoria Prokhorova

    2016-06-01

    Full Text Available Purpose: Oriented reflective approach to management involves restructuring of goal, ideal and pragmatic, creating a program of action, organizing, correcting, control the definition of the new strategy. This process is only possible with multidimensional analysis and reflection of all the administrative restructuring process and its elements in determining and planning activities, creating conditions of restructuring, predicting outcomes and consequences of making a choice of ways to solve problems means to achieve the goal of information called ' bonds with participants restructuring process and correction flow management process based on continuous reflection. Methods: Development of the system of economic development now requires the use of mechanisms for continuous monitoring of internal and external environment to identify factors that threaten businesses. Rest of this is possible through the use of diagnostic tests: static analysis, expert diagnosis, linear and dynamic programming. Results: Built as part of the study economic and mathematical models can determine the status and level of economic development potential of aerospace companies that were investigated, confirming the need for action to manage economic development. To develop the mechanism of competition in the aircraft building sector must: implementation in practice of management motivation mechanisms to ensure the appropriate level of interest in the functioning of airlines on the basis of private property; formation of economic market institutions in the field of aircraft construction, affecting the creation of a competitive environment. Discussion: Stipulates that in difficult economic crisis positive results can be achieved managers who are constantly looking for original approaches to inclusion in the development process by aligning internal external opportunities generated by market. It is concluded that aviation business management in times of economic instability or

  8. Economic Growth of a Rapidly Developing Economy: Theoretical Formulation

    Directory of Open Access Journals (Sweden)

    Oleg Sergeyevich Sukharev

    2016-06-01

    Full Text Available The subject matter of the article is the description of economic growth. Modern economy is characterized by a high rate of changes. These changes are the limiting parameters of modern development, which requires a modification of the basic models of growth, the substantiation of the expediency and necessity of a rapid development strategy. In a simple mathematical form, the statement of the problem of economic growth in the “green economy” is examined, in which the costs of environmental measures are not considered a priori as hampering economic development (as it is common for a number of modern neoclassical and neo-Keynesian growth models. The methodological basis of the article are the econometric approach and modelling method. The article has a theoretical character. The main hypothesis supposes that the rapid development strategy cannot make an adequate development strategy under certain conditions, but may be acceptable in other its specific conditions. In this sense, the important growth conditions are the availability of resources, the effectiveness of institutions and the current economic structure, the technological effectiveness of economy, as well as the conditions of technological development (“green economy” and the path of such development. In the article, on the theoretical level of analysis, the substantiation of the adequacy of the rapid development strategy for an economic system is given, whose goal is to achieve the standard of living of the countryleader. Based on the assumptions introduced, the period for which the rapid development strategy might be implemented and the economic lag of the country might be reduced from the country-leader is determined. The conditions that ensure the impact of innovations on the rate of economic development are summarized. The introduced range of dependencies and relations can be useful for the elaboration of the theory of innovation development and for the formation of a new

  9. Economic justification for floriculture development in Serbia

    Directory of Open Access Journals (Sweden)

    Vukajlović Đurđica Đ.

    2017-01-01

    Full Text Available Floriculture is a part of horticulture, an agricultural activity which has been on the rise during the past decades. It is different from traditional culture, not only due to the increased sales revenues, but also because flowers are ever more present in daily life, which has created opportunities for engaging in floriculture as a legitimate source of income. The aim of the paper is to present the current situation in the area of floriculture in the world and in Serbia, as well as to draw attention to the relationship between the import and export of floriculture products. This paper includes a SWOT analysis that provides an overview of the current state of floriculture in Serbia and the opportunities for its development. Floriculture is not widespread in Serbia, even though there are quite advantageous climatic conditions, fertile land, tradition and experience, but not enough innovation, inadequate equipment, technological lagging behind in production and insufficient harmonization with EU standards.

  10. Economic development and population policy in Bangladesh.

    Science.gov (United States)

    Khan, M R

    1984-09-01

    This paper deals with Bangladesh's growth rate and the policy implications for its economy. Despite its obvious influence on the economy, population has never been integrated as an endogenous variable in any planning model. Development planning is mostly supported by donor agencies, involving little micro-level planning and practically no trickle-down effect. This paper examines the interaction of population and other development variables in the country's planning process. Much of the rural population consists of landless farmers share croppers, so that the land ownership pattern contributes to low productivity. Population increase is making the rural masses even poorer. This process is further compounded by increasing foreign aid dependence, adverse terms of trade in the international market, low savings and investments, and the rural sector's worsening terms of trade. During 1950-1970 real per capita gross domestic product (GDP) increased only at a rate of 1% per annum and during 1950-1970 real growth of GDP fell behind the population growth rate. A cost benefit analysis of fertility reduction is needed. The cost benefit ratio of most countries varies between 1:10 to 1:30; for Bangladesh it is 1:16. Macro-model studies indicate that the higher the fertility reduction and shorter the period of required decline, the higher will be the benefits in terms of gains in per capita income. There is, however, a contradiction between national and household interests. The latter's decision to have more children has a negative spillover effect, which nullifies the gains of the community. The national family planning program suffered a serious setback during and after the liberation of Bangladesh, mainly due to lack of administrative leadership and support. In order for the population growth rate to be checked and to increase the quality of life for the entire population, the family planning program must be revitalized by mobilizing the entire government machinery and

  11. Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance

    OpenAIRE

    Zsuzsanna Fluck; Kedran Garrison; Stewart C. Myers

    2005-01-01

    This paper develops a model to study how entrepreneurs and venture-capital investors deal with moral hazard, effort provision, asymmetric information and hold-up problems. We explore several financing scenarios, including first-best, monopolistic, syndicated and fully competitive financing. We solve numerically for the entrepreneur's effort, the terms of financing, the venture capitalist's investment decision and NPV. We find significant value losses due to holdup problems and under-provision...

  12. 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

  13. Economic Development Benefits of the Mars Hill Wind Farm, Wind Powering America Rural Economic Development, Case Study (Fact Sheet)

    Energy Technology Data Exchange (ETDEWEB)

    2009-06-01

    This case study summarizes the economic development benefits of the Mars Hill Wind Farm to the community of Mars Hill, Maine. The Mars Hill Wind Farm is New England's first utility-scale wind farm.

  14. Analysis of Factors and Development Potential of Economic Clusters by Economic Activities in Mari El Republic

    Directory of Open Access Journals (Sweden)

    Viktor Aleksandrovich Golovin

    2017-12-01

    Full Text Available This article analyzes the factors that drive the development of economic clusters in Mari El Republic (Russia. This analysis allowed to reveal the potential of those clusters further development. I consider a shift-share method as one of the major methods to identify the factors that determine the expansion of economic clusters. The author proposes the modification of shift-share method using relative performance indicators to evaluate the intensity and qualitaty of clustering processes in the region. The article presents the results of empirical research of the economy of Mari El Republic by shift-share method (2005–2015 years in the context of economic activities according to the Federal State Statistics Service. After the analysis of three basic indicators, the leading and lagging economic activities were revealed for the period of 10 years. I paid special attention to the analysis of clustering potential of the Mari El Republic in the context of economic activities based on the Clustering Potential Index. This analysis shows promising economic activities and industries that may form cluster. The author discusses the compliance and possible conflicts of two methods used in the study. Further research of this field can focus on the of system analysis and identifying specific companies and production chains that form the basis of clustering

  15. Economics of Developing Hot Stratigraphic Reservoirs

    Energy Technology Data Exchange (ETDEWEB)

    Greg Mines; Hillary Hanson; Rick Allis; Joseph Moore

    2014-09-01

    Stratigraphic geothermal reservoirs at 3 – 4 km depth in high heat-flow basins are capable of sustaining 100 MW-scale power plants at about 10 c/kWh. This paper examines the impacts on the levelized cost of electricity (LCOE) of reservoir depth and temperature, reservoir productivity, and drillhole/casing options. For a reservoir at 3 km depth with a moderate productivity index by hydrothermal reservoir standards (about 50 L/s/MPa, 5.6 gpm/psi), an LCOE of 10c/kWh requires the reservoir to be at about 200°C. This is the upper temperature limit for pumps. The calculations assume standard hydrothermal drilling costs, with the production interval completed with a 7 inch liner in an 8.5 inch hole. If a reservoir at 4 km depth has excellent permeability characteristics with a productivity index of 100 L/s/MPa (11.3 gpm/psi), then the LCOE is about 11 c/kWh assuming the temperature decline rate with development is not excessive (< 1%/y, with first thermal breakthrough delayed by about 10 years). Completing wells with modest horizontal legs (e.g. several hundred meters) may be important for improving well productivity because of the naturally high, sub-horizontal permeability in this type of reservoir. Reducing the injector/producer well ratio may also be cost-effective if the injectors are drilled as larger holes.

  16. Strategic and ethical leadership in economical development

    Directory of Open Access Journals (Sweden)

    Nerimane Bajraktari

    2016-07-01

    Full Text Available By a simple analysis, it can be said that ethics includes two components. Firstly, it treats recognition and understanding for right or wrong processes, good or wrong processes, and then it evaluates the action in personal or institutional practice concluding that it’s conducted in the right or wrong way. According to ethicists the one that constitutes an ethical guide, often, the next day arrives to convert in written legal act, in a rule, or liability to be implemented. Values such as: respect, honesty, sincerity, responsibility, that show us how to behave are considered moral values. All views that show how these values are applying are often defined as moral or ethical principles. Managers or leaders of the organization have a leading role during a decision-making process. This is because managerial decision-making is one of the problems which has a greater focus recently. Business decisions have a suspicious behavior, because its success in most cases is measured by the profit, not by the effectiveness of humans. Therefore, managers are those who firstly present unethical behavior, influenced by the situation that they are facing and factors surrounding them. If someone in an organization behaves unethically, it will create a bad image for that organization. It is worth mentioning that the ethical code of the company that arises from the organization has a very important role because it links the personal and organizational ethics. The absence of ethical codes, moral and legal principles, will affect greatly the development of the individual, organization and all sectors of economy.

  17. Technical status of the Dish/Stirling Joint Venture Program

    Energy Technology Data Exchange (ETDEWEB)

    Bean, J.R. [Cummins Power Generation, Inc., Columbus, IN (United States); Diver, R.B. [Sandia National Labs., Albuquerque, NM (United States)

    1995-06-01

    Initiated in 1991; the Dish/Stirling Joint Venture Program (DSJVP) is a 5-year, $17.2 million joint venture which is funded by Cummins Power Generation, Inc. (CPG) of Columbus, Indiana and the United States Department of Energy`s (DOE) Solar Thermal and Biomass Power Division. Sandia National Laboratories administers and provides technical management for this contract on the DOE`s behalf. In January, 1995; CPG advanced to Phase 3 of this three-phase contract. The objective of the DSJVP is to develop and commercialize a 7-kW. Dish/Stirling System for remote power markets by 1997. In this paper, the technical status of the major subsystems which comprise the CPG 7-kW{sub e} Dish/Stirling System is presented. These subsystems include the solar concentrator, heat pipe receiver, engine/alternator, power conditioning, and automatic controls.

  18. Russia joins Kazakh/Omani pipeline venture group

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    Russia has agreed to become a founding partner in a joint venture pipeline project formed by Kazakhstan and Oman. The agreement, signed in Bermuda July 24, is related to Chevron Corp.'s further development of supergiant Tengiz and Korolev fields along the Caspian Sea coast in Kazakhstan. Azerbaijan last month signed an agreement to become a founding member of the group, accepting terms agreed to by original joint venturers Kazakhstan and Oman. Azerbaijan's new government still must formally ratify its agreement. In addition, Chevron in June signed a memorandum of understanding to join the group at a future date. This paper reports that each of the founding members holds an equal interest in Caspian Pipeline Consortium Ltd., which will operate as a limited liability company incorporated in Bermuda

  19. Preferential Market Access, Foreign Aid and Economic Development

    DEFF Research Database (Denmark)

    Afesorgbor, Sylvanus Kwaku; Abreha, Kaleb Girma

    contributed to the economic development of the beneficiary countries. Focusing on the ACP countries over the period 1970-2009, we show that only the EU preferential scheme is effective in promoting exports and that market access plays a significant and economically large role in the development of beneficiary......Several studies highlight that exporters in developing countries face substantial trade costs. To reduce these costs, a few developed countries mainly Canada, the EU, Japan and the USA granted preferential market access to these exporters. We assess whether these preferential accesses have...

  20. ANALYSIS OF THE SOCIO-ECONOMIC DEVELOPMENT OF UKRAINIAN REGIONS

    Directory of Open Access Journals (Sweden)

    Оlena Kozyreva

    2017-11-01

    Full Text Available For a long period of time from 1991 to 2016, the socio-economic development of Ukrainian regions was characterized by enhanced differentiation and persistent inequality. Permanent preservation of the gap between the maximum and minimum values of indicators of socio-economic development of regions, in particular, the GRP per capita (8.8 times in 2014; disposable income of populace (10.3% in 2015; unemployment rate according to ILO methodology (in 2.8 times in January-September 2016, the volume of realized industrial products (38,9 times in January-September 2016 indicate the persistence of centre-periphery relations between regions in the economic space of the country. This situation reduces the overall efficiency of the economy, which is reflected by the decline of Ukraine’s position in the rankings of international organizations. According to the global competitiveness index in 2015, Ukraine has shifted from 76 to 79 place compared with 2014, according to the Index of Human Development, there was a slight increase from 83 to 81 place. To crown it all, taking into account the complexity of modern processes of Ukrainian regions’ socio-economic development, the total assessment of determination of Ukrainian regions’ levels of socio-economic development is required. The purpose of the article implies prompting the research results of determining the problem concerning the consolidated assessment of the socio-economic development of Ukrainian regions. Methodology. The article examines the processes of socio-economic development of Ukrainian regions and offers an analytical scheme of identification stage of problematic of the regions’ socioeconomic development. The article justifies a system of partial indicators and on its basis calculates the integral and generalizing indicators of economic and social development of Ukrainian regions. Analysis of recent researches and publications. Issues of spatial development of the country’s regions