Sample records for open economy industrial
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Energy taxation in a small, open economy: Social efficiency gains versus industrial concerns
International Nuclear Information System (INIS)
Bjertnaes, Geir H.; Faehn, Taran
2008-01-01
Welfare analyses of energy taxes typically show that systems with uniform rates perform better than differentiated systems, especially if revenue can be recycled by cutting taxes that are more distortionary. However, in practical policy, efficiency gains must be traded off against industrial concerns. Presumably, energy-dependent industries of small, open economies will suffer relatively more if taxed. This computable general equilibrium (CGE) study examines the social costs of compensating the energy-intensive export industries in Norway for their profit losses from imposing the same electricity tax on all industries. The costs are surprisingly modest. This is explained by the role of the Nordic electricity market, which is still limited enough to respond to national energy tax reforms. Thus, an electricity price reduction partly neutralizes the direct impact of the tax on profits. In addition, we examine the effects of different compensation schemes and find significantly lower compensation costs when the scheme is designed to release productivity gains. (author)
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Mohajan, Haradhan
2011-01-01
This paper discusses the theory of the net national product and, emphasizes on social welfare and sustainable accounting in open economy. It is observed that the world economy following an egalitarian path, the aggregate capital gains being positive is equivalent to the interest rate tending to decrease. This is important for the concept of net national product in open economies. Martin Weitzman gives a foundation for net national product as the stationary equivalent of a wealth maximizing pa...
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Selection of Mergers and Acquisitions by Foreign Capital in Open Economies
Institute of Scientific and Technical Information of China (English)
ZHENG Ying-fei; CHEN Hong-min; XU Li
2007-01-01
By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways: to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.
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Macroeconomics in an open economy.
Cooper, R N
1986-09-12
The customary treatment of national economies as closed and self-contained must be substantially modified to allow for those economies that typically trade goods, services, and securities with other countries in increasing volume. Open economy macroeconomics is essential to understanding the major events of the U.S. economy over the past half dozen years. Both the sharp rise in the dollar and the unprecedentedly large U.S. trade deficit are linked to the U.S. budget deficit, as is the drop in the rate of inflation.
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Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level
Bofinger, Peter; Mayer, Eric; Wollmershauser, Timo
2009-01-01
For the open economy, the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the investment and savings, liquidity preference and money supply (IS-LM) model to open economy problems. The authors present a simple New Keynesian model of the open economy that introduces open economy considerations…
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The food industry and provincial economies.
Walsh, Greg; Li, Duo
2004-01-01
This paper discusses the significance of the food industry for the Zhejiang provincial economy and for provincial economies generally. It is suggested that the strong ties between the food industry and provincial economies in China means that the food industry can be a key influence in the economic development of regional China. Moreover, the geographically diffuse nature of the food industry in China gives the industry a strategic significance in countering regional inequality within and between provinces, a by-product of China's rapid growth over the past 25 years. For these reasons, change in the food industry, whether it has its origins in the introduction of western fast foods, or in environmental, technological or economic trends, not only assumes significance for the health of the Chinese people (as other papers presented to the International Cuisine and Health Workshop at Hangzhou have pointed out), but also for the wealth of the nation and the way that wealth is distributed.
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New growth type industries of Japanese Economy <論説>
Ichihashi, Masaru
1998-01-01
This paper's purpose aims to survey and sketch a characteristic of new industrial change of Japanese Economy. The Japanese Economy shifted to export dependence type economy at 1980's because rationalization after an oil crisis at the beginning of 70's had been done. Processing structure industries of export oriented type and new service industries led Japanese Economy from that time to bubble economy period. Firstly, Japanese Economy made a recovery from about 1993 after the collapse ...
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From Closed to Open Innovation in Emerging Economies: Evidence from the Chemical Industry in Brazil
Directory of Open Access Journals (Sweden)
Elisa Thomas
2018-03-01
Full Text Available In this article, we examine how firms in an emerging economy perform research and development (R&D activities in regards to the concept of open innovation. Most literature on open innovation shows multinational knowledge-intensive firms with well-established R&D processes mainly in developed countries. Searching for management contributions for firms in emerging economies, we qualitatively analyzed two chemical firms in Southern Brazil that have different profiles and are representative samples of typical firms in the region. Our results show that firms did not fully exploit the potential benefits brought by open innovation, even when complete opening was not the main goal. The firms were similar concerning interactions with partners and stages where relationships occur. The generation of ideas was an open activity performed both by firms and by clients, and interactions with universities were getting stronger. On the other hand, intellectual property has not been used as means of profiting from innovation activities. Our main finding refers to the internal mediation of relationships with partners. R&D teams rarely contact external organizations directly; instead, they leave such interactions to other departments within their firms. Relationships with clients are mediated through technical and commercial departments, and interactions with suppliers are intermediated by the supply staff.
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The industrial dynamics of the new digital economy
DEFF Research Database (Denmark)
Frøslev Christensen, Jens; Maskell, Peter
This work investigates the implications of digital technologies on the industrial and business dynamics of modern economies. In-depth studies analyse how deep-rooted work practices of the Old Economy have been dramatically challenged when confronted with the entrepreneurial wave of the New Economy...... channels of interaction with old partners must be reconfigured and familiar divisions of labour rethought. This book presents novel and detailed data showing how vast and still dominant industries of the Old Economy have responded to the new challenges and exploited the emerging opportunities...... those interested in technology, innovation and the New Economy....
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Monetary regimes in open economies
Korpos, A.
2006-01-01
This thesis presents a two-country open economy framework for the analysis of strategic interactions among monetary authorities and wage bargaining institutions. From this perspective, the thesis investigates the economic consequences of replacing flexible and fixed exchange rate regimes with a
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Industrial Foundations in the Danish Economy
DEFF Research Database (Denmark)
Thomsen, Steen
Industrial Foundations (foundations that own business companies) are found around the world e.g in Northern Europe, Germany, the US and India, but nowhere do they appear to be as economically important as in Denmark. In this paper we review their share of the Danish economy. We find that foundation......-owned companies account for 5-10% of the Danish economy depending on measurement. However, they constitute the bulk of Danish stock market capitalization and R&D expenditure, and they also contribute disproportionally to international business activity. Finally the industrial foundations make charitable donations...
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Neo-industrialization of Kuzbass economy in innovative development of coal industry and machinery
Directory of Open Access Journals (Sweden)
Balabanova Anna
2017-01-01
Full Text Available As part of rental-resource model and access restrictions to capital and new technologies, the attempts to encourage import substitution made by the government do not generate innovative type of economic development and reconstruction of economy’s manufacturing industry competitive on the domestic market. In conditions of searching for a new model of Russian economy development the analysis of a number of problems such as industry degradation, reducing the competitiveness of Russian producers, the growth of structural imbalances and overcoming the negative macroeconomic trends becomes strategically important. This raises the value of neo-industrialization as the integrator of resource security, scientific and industrial potential of Russian economy and high capacity of the domestic market in the innovative development system. A special role neo-industrialization plays for the economic development of old industrial regions, which include Kuzbass (Western Siberia, Russia. Neo-industrial development of Kuzbass economy should be initiated by the technological modernization of mining machinery and innovative development of coal industry.
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Environmental and energy issues in an open economy
Oh, Kyungsoo
The environmental and energy consequences of globalization have become an important topic of debate. My dissertation examines the interaction between environmental and energy issues and international trade. Specifically, I investigate environmental regulations and policy in an open economy. In the first chapter, I analyze how an environmental tax on pollution from consumption affects trade flows and welfare in an open economy. In particular, I argue that the effect of an environmental tax on the direction of trade flows depends on who is directly burdened by the regulation (consumers or producers) regardless of who is the polluter. In the case of pollution generated by consumers, a tax on consumers who are the polluters tends to increase exports and reduce imports of dirty goods. This result is the opposite of the well-known effect arising from taxes on pollution-intensive industries. Stringent environmental regulations on pollution-intensive industries diminishes exports and increases imports of dirty industries. In terms of welfare, I show the importance of targeting the policy instrument to the correct source of pollution. Assuming pollution is caused by the consumption of a good, a production tax has a weak effect on increasing welfare through reducing pollution. Furthermore, welfare can fall if the production tax ratio is too high, leading to reduced national income. The second chapter is motivated by recent trends in the U.S. economy: increasing imports from China, decreasing energy consumption, and increasing output. There are two primary theoretical approaches related to the relationship between energy use in U.S. manufacturing and increasing imports from China: Heckscher-Ohlin (H-O) trade theory and the Pollution Haven Hypothesis (PHH). These two frameworks generate opposite predictions about the relationship between these trends. H-O theory suggests that with increased Chinese import penetration, U.S. manufacturing should move toward more energy
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International Nuclear Information System (INIS)
Finon, D.
1999-08-01
The purpose of the paper is to analyse the reform of the French power industry, the extreme integration of the industrial organisation of which is deeply rooted in the French institutional particularisms. After the presentation of the main features of the 1999 reform, different elements of instability of the new structure are pointed out: the over-dominant position of the incumbent company which dissuades entries, institutional isomorphism between economies integrated to a regional space (heterogeneity of structures between European Community countries generates problems of reciprocity and fairness), and the end of the traditional capture of the regulator by the incumbent company because of the autonomy of the function of regulation. Two institutional scenarios are defined, which give a different weight to two competition paradigms in conflicts: the traditional ''industrial economics'' which inclines to preserve hierarchy in the national area to gain competitive advantages in the European field, and the neo-classical paradigm. In the first one, in the name of strategic efficiency, the integration of the industrial organisation could be preserved in spite of the asymmetry of structures between countries, and the playing field is the continental Europe on which national champions compete. In the second one the French industrial organisation has to conform to the competitive model, with vertical and horizontal disintegration and creation of a power exchange market. This scenario necessitates to test the force of the institutional determinism of the nuclear legacy. (author)
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The Political Economy of Capital Income and Profit Taxation in a Small Open Economy
Huizinga, H.P.; Nielsen, S.B.
1996-01-01
This paper considers the political economy of the mix of profit, investment and saving taxation in a small open economy where agents generally differ in their shares of profit and other income.In this setting, capital income taxation can have the dual role of financing government spending and of
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Three Forms of the Knowledge Economy: Learning, Creativity and Openness
Peters, Michael A.
2010-01-01
This paper outlines and reviews three forms and associated discourses of the "knowledge economy": the "learning economy", based on the work of Bengt-Ake Lundvall; the "creative economy" based on the work of Charles Landry, John Howkins and Richard Florida; and the "open knowledge economy" based on the work of Yochai Benkler and others. Arguably,…
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Mitigating Double Taxation in an Open Economy
Lindhe, Tobias
2001-01-01
The interaction of various methods of mitigating economic and international double taxation of corporate source income is studied within a standard neoclassical model of firm behavior. The main purpose is to determine to what extent methods effective in mitigating economic double taxation in a closed economy remain useful in an open economy where the firm's marginal investor is a foreigner. While a cut in the statutory corporate tax rate invariably reduces the cost of capital, the impact of t...
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The Influence of the Economy on Hospitality Industry in Nigeria ...
African Journals Online (AJOL)
The Influence of the Economy on Hospitality Industry in Nigeria. ... Ethiopian Journal of Environmental Studies and Management ... contributions of the hospitality industry (represented by Hotels and Restaurants) to the Nigerian economy (represented by the Gross Domestic Products – GDP) and the GDP itself from 1980 ...
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Growth and the Current Account in a Small Open Economy.
Benge, Matt; Wells, Graeme
2002-01-01
Offers a framework with which to analyze growth in a small economy with perfect capital mobility. Produces a diagrammatic representation of steady states that differs from the usual closed-economy Solow-Swan diagram. Uses the diagrams to compare open economy steady states with closed ones. Illustrate the possibility of endogenous income growth.…
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Openness and Legitimacy Building in the Sharing Economy
DEFF Research Database (Denmark)
Marton, Attila; Constantiou, Ioanna; Lagoudakos, Georgios
2017-01-01
Sharing economy start-ups are claiming legitimacy by drawing on notions of openness and, at the same time, by adapting to business institutions. We use the case of CouchSurfing to investigate how openness, which has been part of the organization’s raison-d’être, contributed in the legitimacy buil...
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Carnevale, Anthony P.; Rose, Stephen J.
2015-01-01
This report explores the crucial transformation of the United States from an industrial to a post-industrial economy, with a particular focus on the shifting skill levels and incomes of American workers. It shows the increasing value of postsecondary education in today's economy and examines how workers have fared as the nation's focus has shifted…
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Closing small open economy models
Schmitt-Grohe, Stephanie; Uribe, Martín
2001-01-01
The small open economy model with incomplete asset markets features a steady state that depends on initial conditions and equilibrium dynamics that possess a random walk component. A number of modifications to the standard model have been proposed to induce stationarity. This paper presents a quantitative comparison of these alternative approaches. Five different specifications are considered: (1) A model with an endogenous discount factor (Uzawa-type preferences); (2) A model with a debt-ela...
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Open Education and the Creative Economy: Global Perspectives and Comparative Analysis
Liu, Tze-Chang
2011-01-01
This dissertation is to deal the issues of open education, creative economies, higher education. It also compares the performances in these aspects among different countries. The conception of the "creative economy" develops within the context of "global neoliberalism" and "knowledge economy." These three notions are…
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Energy economy in Nordic industry
Energy Technology Data Exchange (ETDEWEB)
Andersen, P H; Finnedal, B H
1980-01-01
The employment, economic and energetic situation in various industrial branches and their importance for industry as a whole is mapped for Nordic countries. Future Nordic energy projects can base their attempts to decrease energy costs per unit on this report. In food and stimulants industry, chemical, glass and ceramic industry over 90% energy is used for processing while in steel- and metal-industry the processing consumes only about 25%. Rentability of new investments in energy saving should be considered in these branches against investments in automation, new equipment etc. Common Nordic energy-saving projects can provide much better energy economy. For instance 4% of USA energy which had formerly been used in drying processes is drastically decreased and if the USA result can be transferred to Nordic conditions DKr 160 million can be save. Prospective common projects are process-types like drying, spray-drying, heat treatments of mineral proproducts, and evaporation.
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Bangladesh apparel industry and its workers in a changing world economy
Ahmed, N.
2006-01-01
This thesis explores and analyses recent changes and challenges faced by the apparel industry of Bangladesh and the consequences of those for the Bangladesh economy. More specifically, it explores and analyses the importance of the apparel industry in the Bangladesh economy, the challenges faced by this industry, impacts of implementation of various international trade rules on the apparel industry, consequences of Bangladesh's attempts to enter in bilateral and regional free trade agreements...
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Bangladesh apparel industry and its workers in a changing world economy
Ahmed, N.
2006-01-01
This thesis explores and analyses recent changes and challenges faced by the apparel industry of Bangladesh and the consequences of those for the Bangladesh economy. More specifically, it explores and analyses the importance of the apparel industry in the Bangladesh economy, the challenges faced by
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Public Investment in a Small Open Economy
Heijdra, B.J.; Meijdam, A.C.
1997-01-01
We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, employment, and wages in the long run. The impact effects depend critically on whether public capital is modeled as a
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Circular economy opportunity in the wind industry. Final report
International Nuclear Information System (INIS)
Bellini, Robert
2015-05-01
The objective of this study is to identify how the circular economy can be an opportunity for the French wind industry. A broad review of circular economy issues for the wind industry value chain has been conducted in order to be used as a decision making tool for ADEME and the wind industry stakeholders. First of all, a 'flow analysis' (including material, logistic and services related to wind power) has been carried out in order to highlight the specific challenges of circular economy for the wind sector. The strategic opportunities that meet these issues have then been identified. A selection of six opportunities has been further investigated to assess the benefits, to analyze the barriers and to identify actions that ADEME could initiate to foster these opportunities. These investigated opportunities are the following: - To structure a recycling chain for wind blades; - To promote the business model of the extension of wind turbine's lifetime; - To promote skills improvement of local providers for reconditioning and maintenance services; - To adapt the offshore hubs to integrate dismantling activity of onshore equipments; - To increase the manufacturing capacity of wind towers in France to increase local sourcing; - To encourage the creation of a leading French manufacturer to optimize the supply chain. In the light of this analysis, it can be concluded that circular economy represents a strategic opportunity for the French wind energy sector. The opportunities we focused on make up a consistent set of initiatives that improve the environmental, economic and social performance of the wind energy sector by strengthening industrial activities and services throughout all the life cycle: manufacturing stage (optimization of logistics flows and local manufacturing), use phase (maintenance, repair) and end-of-life phase of wind turbine (dismantling, recycling). While the sector has so far been focused on better solving technological challenges and
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CREATIVE ECONOMY: A NEW CADRE FOR MEDIA INDUSTRY
Directory of Open Access Journals (Sweden)
Daniel Burtic
2014-07-01
Full Text Available We wonder why the creative economy concept causes so much passion, excitement and so high expectations. Because imagination, creativity, competence, fantasy, individual talent, ingenuity were and still are today catalysts that led to society development. How does creative economy, that seems to promise so much, distinguish from other economic stamps which imprinted the human community in the course of history? These are some of the questions we will try to answer in this paper work, having in mind as objective the study of communication processes and mass-media. Generally, the research over mass-media system considered that the content analysis may provide the means to understand the society we live in. In terms of methodology, starting from the observation of mass-media industry and economy actuality, we propose to make an analysis of content. We will raise issues regarding concept definition and delimitation, historical development and media industry analysis from an economical perspective, analyzing the opinions of some other researchers about these subjects. We will try to present the concepts we support having in light some reference paper works and to illustrate with realities from Romanian and international mass-media economy. We will go through literature and we will try to support with empirical data the subjects discussed in theory. To achieve these things, we will use relevant statistical and official data of other researchers. In the examination of mass-media economy we will study economical models, comparative analysis and analysis of international organizations positions. In the current situation, mass-media is part of a technological and economic transformation, like the whole society is. An economical approach of media industry is important today both from the scientific and practical point of view. Most of the decisions taken by the factors that lead the businesses in media sector are largely influenced by financial resources
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Examining the Efforts of a Small, Open Economy to Reduce Carbon Emissions
DEFF Research Database (Denmark)
Levitt, Clinton J.; Saaby Pedersen, Morten; Sørensen, Anders
2015-01-01
emissions by relatively small, open economies. Although, these economies are small players in international markets, international trade has an important influence on their economies. Investigating the outcome of efforts to curb emissions by these small, open economies provides insights into the situation...... faced by a large set of the world's economies. This paper has three objectives: (1) investigate the outcome of Denmark's efforts to reduce its carbon emissions by characterizing the relationship between Denmark's macroeconomic activity and carbon emissions; (2) determine the carbon content of Danish...... trade and document the important effects that growing trade with China has had on Danish consumption emissions; and (3), investigate the robustness of measures of consumption emissions under varying information requirements. Our analysis of the outcomes of Danish efforts to reduce carbon emissions...
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Economies of scale, technology, and intra-industry trade
Inagawa Nobuo
1989-01-01
The purpose of this paper is to test empirically economies of scale, defined by technologyin Intra-Industry Trade(IIT). B.Balassa found first the existence of IIT. Grubeland Lloyd, Linder, Dreze, and others treated IIT as consisting of final goods.But P.Raymentfound that IIT consists mostly of intermediate goods and he tried to explain IIT byeconomies of scale and specialization. However, to test the relationship between economiesof scale and IIT, I will use I.Ozaki's definition on economies ...
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Wang, Rusong
2005-12-01
Based on the Social-Economic-Natural Complex Ecosystem theory, this paper questioned 8 kinds of misunderstandings in current planning, incubation, development, and management of circular economy, which had led to either ultra-right or ultra-left actions in ecological and economic development. Rather than concentrated only on the 3-r micro-principles of "reduce-reuse-recycle", thise paper suggested 3-R macro-principles of "Rethinking-Reform-Refunction" for circular economy development. Nine kinds of eco-integrative strategies in industrial transition were put forward, i.e., food web-based horizontal/parallel coupling, life cycle-oriented vertical/serial coupling, functional service rather than products-oriented production, flexible and adaptive structure, ecosystem-based regional coupling, social integrity, comprehensive capacity building, employment enhancement, and respecting human dignity. Ten promising potential eco-industries in China's near-future circular economy development were proposed, such as the transition of traditional chemical fertilizer and pesticide industry to a new kind of industrial complex for agro-ecosystem management.
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A Preliminary Analysis of Adaptive Responding Under Open and Closed Economies
Roane, Henry S.; Call, Nathan A.; Falcomata, Terry S.
2005-01-01
In the current investigation, we evaluated the effects of open and closed economies on the adaptive behavior of 2 individuals with developmental disabilities. Across both types of economy, progressive-ratio (PR) schedules were used in which the number of responses required to obtain reinforcement increased as the session progressed. In…
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Agglomeration economies in manufacturing industries: the case of Spain
Olga Alonso-Villar; José-María Chamorro-Rivas; Xulia González-Cerdeira
2001-01-01
This paper analyses the extent of geographical concentration of Spanish industry between 1993 and 1999, and study the agglomeration economies that could underlie that concentration. The results confirm that there is major geographic concentration in a number of industries with widely varying characteristics, including high-tech businesses and those linked to the provision of natural resources as well as traditional industries. The analysis of the scope of spillovers behind this agglomeration ...
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Energy economy and industrial ecology in the Brazilian cement sector
International Nuclear Information System (INIS)
Tavares, Marina Elisabete Espinho; Schaeffer, Roberto
1999-01-01
The article discusses the following issues of the Brazilian cement sector: the Brazilian cement main types specification, cement quantities evolution produced in Brazil from 1987 to 1997, energy conservation in the cement production process with additives, energy economy cost estimates from the utilization of additives, and several technologies energy economy cost used in the industrial sector
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Essays on Industrial Organization and Political Economy
Camara, Odilon Roberto VG de a
2009-01-01
This thesis presents three essays on industrial organization and political economy. In the first essay, I show how the attributes of a managerial workforce affect firms' placement decisions and wage offers, and managers' quit decisions. My OLG model features two division managers and a CEO, where each executive may be at a different point in his…
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Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok
2016-01-01
In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995-2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies.
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Foreign Direct Investment and Trade Openness: The Case of Developing Economies
Liargovas, Panagiotis G.; Skandalis, Konstantinos S.
2012-01-01
This paper examines the importance of trade openness for attracting Foreign Direct Investment (FDI) inflows, using a sample of 36 developing economies for the period 1990-2008. It provides a direct test of causality between FDI inflows, trade openness and other key variables in developing regions of the world: Latin America, Asia, Africa, CIS…
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Energy and economy; Energia y Economia
Energy Technology Data Exchange (ETDEWEB)
Diaz Fernandez, J. L.
2010-07-01
This article, which reflects the authors presentation at the opening of the Congress of the Spanish Nuclear Society, examines the relationship between the Spanish economy and energy consumption in our country compared with major industrialized countries. (Author)
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On the choice of a rational system of water economy of the industrial enterprice
International Nuclear Information System (INIS)
Tsikhelashvili, Z.; Khatiuri, Kh.; Verulava, G.; Zakutashvili, G.
2009-01-01
Rational systems and projects of water economy of the industrial enterprise (allowing for the development of waste-free production processes, industrial water recycling with water treatment or without it, and cooling recycling) are discussed. The analysis of rational systems is of primary importance when designing and/or reconstructing the industrial water economy. Such systems and projects must account for all local conditions determining the advantage of their employment from the sanitary and economic viewpoints. (author)
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Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok
2016-01-01
In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995–2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies. PMID:27490847
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Directory of Open Access Journals (Sweden)
Habib Hussain Khan
Full Text Available In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995-2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership, and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies.
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Political Economy of Agrarian Crisis and Slow Industrialization in India
DEFF Research Database (Denmark)
Bhattacharyya, Sudipta; Abraham, Mathew; D'Costa, Anthony
This paper uses the structuralist framework of agriculture-industry synergy in an economy to discuss the performance of the agricultural and industrial sectors in India. The industry – agriculture relationship is argued to be integral to economic development as the agriculture sector supplies raw...... development and growth in the two sectors. It concludes that India has not followed the structuralist pattern of sectoral development and poor agricultural growth has not been conducive for demand led industrialization, adversely affecting factor markets for both labour and land....
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Industrial energy economy, national and international aspects
International Nuclear Information System (INIS)
1993-01-01
VDI-report 1061 contains the papers given on the Conference of the same name in Essen on the 22 and 23.6.1993. German industry suffers not only from high wage and on-cost but high, energy costs as well. Waste disposal problems and impending taxes on wages are the cause of these difficulties. The EC believes that competition between energy supplies may help to reduce energy costs. This report deals with cost-efficient energy supply for the German industry and books at the background of this scenario. This industry puts forward its wishes and demands to politicians and energy economy. Representatives of energy suppliers discuss energy supplies, demand, availability, safety of supplies, competitiveness, quality and environmental aspects. The influence of energy costs and environmental taxation on the industrial and economic future of Germany and the situation in the Eastern States of Germany are a further subject of discussion. The views of the EC commission, the industry and the energy suppliers on energy transports across the EC are discussed as well. (orig./UA) [de
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A Survey of Industrial Involvement in Open Source
Røsdal, Andreas
2006-01-01
This thesis presents the results of an explorative survey of industrial involvement in open source. The survey is performed in collaboration with participants from the European ITEA project, COSI (Co-development using inner & Open source in Software Intensive products). The survey was performed to explore aspects of industrial involvement in open source, as industrial management of open source project, industrial use of open source components, related development, and communication processes,...
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Impact of the Smart City Industry on the Korean National Economy: Input-Output Analysis
Directory of Open Access Journals (Sweden)
Kyunam Kim
2016-07-01
Full Text Available The characteristics of the smart city industry and its effects on the national economy of Korea are investigated using input-output analysis. The definition and industrial classification of a smart city are established using the Delphi technique for experts in various fields, from information and communication technologies (ICT to governmental policies for urban matters. The results of the analysis, including the production, value added and employment induction effects, show that the smart city industry has intermediate characteristics between ICT and urban construction industries, indicating that acquisition of the competitive edge of both the ICT and construction industries is the key to the success of the smart city industry. The crucial industries related to the smart city industry are identified based on an analysis of the forward and backward linkage effects, the results of which suggest the importance of the relevant service industries. The economic effects on the national economy induced by the governmental program for smart city demonstration are estimated using input-output analysis results. Overall, the results of this study indicate that facilitation of the smart city industry plays a key role not only in the sustainable city, but also in the growth of the national economy.
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An overview of uranium industries in countries of completed market economy
International Nuclear Information System (INIS)
Tan Chenglong
2007-01-01
Uranium is an important energy mineral and strategic resources, in countries of completed market economy, energy mineral exploration belongs to commercial mineral exploration. Because uranium exploration is higher in investment risk and rebound, the countries of completed market economy regulate uranium exploration by using laws, paying taxes and protecting environment. China will put the exploration of coal, oil and gas, uranium, oil shale, gas in coalbed in the first place in commercial mineral exploration. Therefore, it is quite necessary to understand uranium exploration industries in countries of completed market economy. (authors)
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Open-Economy Macroeconomics, Developments in Theory and Policy
Maurice Obstfeld
1999-01-01
This paper surveys recent research in open-economy macroeconomics, using questions raised by European economic and monetary unification to guide the topics discussed. A striking empirical regularity is the tendency for changes in the nominal exchange rate regime systematically to affect the variability of nominal and real exchange rates alike. This regularity (which disappears in high-inflation conditions) can be explained by sticky-price theories or by models of asset-market liquidity effect...
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Capital income taxation in a growing open economy
DEFF Research Database (Denmark)
Nielsen, Søren Bo; Sørensen, Peter Birch
1991-01-01
The paper studies the dynamic macroeconomic effects of various forms of capital income taxation in a model of a small open economy with perfect mobility of financial capital and intertemporal optimization on the part of households and firms. One of the noteworthy results is that the introduction...... of a (low) corporate income tax will not affect consumption in the long run, but will simply lead to a replacement of shares by foreign financial assets in household portfolios. It is also found that an anticipated investment tax credit can have and that an anticipated dividend tax will have contractionary...... effects on investment before they are introduced. Moreover, it is shown that while an unanticipated dividend tax is neutral with respect to investment, it will have real effects on consumption and net foreign assets in a growing economy...
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The transition from industrial (traditional to new (information economy
Directory of Open Access Journals (Sweden)
Ilić Bogdan B.
2004-01-01
Full Text Available At the end of 20th century a new economy and a new information society emerged, as a result of achieving the third and the transition to the fourth scientific and technological revolution. The basis of this new economy lies in the transition from the industrial production to the production based on information and technology. The new economy contributes to changing the character of the factors of production, the structure of the value produced the motives of production, the workers’ position (robots replacing slaves etc. Besides labor, capital, land and entrepreneurship, information appears to be the fifth and the most important factor of production. The Internet is becoming the foundation of the new economy and contributes to changing the way people learn and do research, as well as to reducing the burden of administration, changing the way of competition, reducing operating costs crossing national borders and leading to the process of globalization of the world economy into an integral entity. Some basic characteristics of this new economy are the following: the information basis of production, rapid changes of products, flexible production systems, network organization of production, integration, services backed by products, skills and knowledge generalization, education, knowledge and talent becoming the most important factor of the socio-economic growth and development, etc. The new economy leads to a number of advantages when compared to the traditional one. However, it also has a number of negative consequences: pollution indebtedness of underdeveloped countries, widening the gap between the development level of regions, countries and individuals, growing inflation unemployment etc. But the new economy is objectively conditioned and the task of each national economy is to determine the most favorable way of its incorporation into this new economy (globalization.
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Queensland's mining industry vital to state and national economies
Energy Technology Data Exchange (ETDEWEB)
Austin, B
1987-04-01
Queensland's multi-billion dollar mining industry, and the industries it supports, continues to play a vital role in the economy of the State and the nation. According to Australian Bureau of Statistics figures, Queenland produces nearly half of the black coal mined in Australia, 70% of the copper, 54% of the silver, 42% of the lead, 31% of the zinc, 40% of the tungsten, 25% of the bauxite and tin, 46% of the rutile, and 9% of the gold.
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Natural Gas Consumption of Emerging Economies in the Industrialization Process
Directory of Open Access Journals (Sweden)
Jian Chai
2016-10-01
Full Text Available Natural gas has become more and more important in the world energy market with the change of energy consumption structure and consumption subjects. This paper applies the panel smooth transition regression (PSTR model to study the nonlinear relationship between natural gas consumption and economic variables of emerging economies, and the empirical results show that: (1 There is a non-linear relationship among natural gas consumption, GDP per capita, industrialization and urbanization rate; (2 The optimal PSTR model is a two-regime model by using the lagged industrialization as a transition variable, and the impact of GDP per capita and of industrialization on natural gas consumption shows incomplete symmetry in low and high regime, respectively; (3 The result of time-varying elasticity analysis indicates that natural gas consumption is inelastic to GDP per capita, but elastic to both industrialization and urbanization. The elasticity of GDP per capita generally decrease with fluctuation, the elasticity of industrialization tends to rise, and the elasticity of urbanization is linear at high level; (4 Regional difference shows that there are 10 emerging economies are in first regime (below industrialization of 43.2%, and the remaining 6 are in second regime. This provides reference for countries in different transformation periods to make economic policies adapting to energy saving, energy structure optimization and other sustainable development strategies.
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Economies: An Open Access Journal for the Field of Development Macroeconomics
Directory of Open Access Journals (Sweden)
Ralf Fendel
2013-01-01
Full Text Available Economies (ISSN 2227-7099 is a new international, peer-reviewed open access journal for the academic fields of development economics and macroeconomics. While the latter seems to be clearly defined, development economics is not, because it is related to nearly all traditional economic sub-disciplines such as macroeconomics, international trade and finance, as well as microeconomics and public finance. Typically, academic field journals of development economics cover all those economic sub-disciplines. Economies instead focuses mainly on the macroeconomic perspective of economic development and it intends to publish academic research that is of strong macroeconomic policy relevance. In general, contributions in Economies should foster understanding of the macroeconomic process of economic development, with the process of development not exclusively being reserved to what we typically call developing countries. Also, the group of developed economies is still developing in the sense of improving their living standards further.
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Swiss economy and the future energy policy
International Nuclear Information System (INIS)
Leuenberger, A.F.
1997-01-01
Lecture of the president of the Swiss Trade and Industry Association at their premises on the occasion of the Annual General meeting of the SVA. The lecture dealt with the subject of economic growth and the difficulties faced by this growth in Switzerland. He formulated energy-political theories in respect of provision security, market economy, free choice between suppliers, economy-friendly energy laws, keeping the nuclear energy option open
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Metal and engineering industry in the Finnish economy
International Nuclear Information System (INIS)
Maeenpaeae, I.; Viitanen, M.; Juutinen, A.
1996-01-01
The study analyses quantitatively the position, internal structures and environmental aspects of the metal sector (basic metal industry, mechanical engineering, electronics and electrotechnics) in the recent past of the Finnish economy. The changes in the sector by the year 2005 are assessed by means of a macroeconomic simulation model as well. The future development of the metal sector by the year 2005 was assessed by the FMS model system, for which a detailed metal sector sub-model was constructed. The scenario of the general development of the Finnish economy was tuned so that it corresponds as closely as possible to the recent basic projections of the economy made by the government authorities. Three scenarios for the metal sector were constructed: base scenario, rapid and slow growth scenarios. In the base scenario the production volume of the metal sector grows by 6 per cent annually between 1994-2005 while the annual growth rate of the whole industry is 4 per cent and that of the GDP 3 per cent. In the rapid growth scenario, the growth rate of the metal sector goes up to 10 per cent and in the slow growth scenario down to 3 per cent. In the assessment of environmental effects of the metal sector are included energy consumption, emissions into the air, use on natural resources, waste formation and recycling of metals. Although the production volume of the metal sector almost doubles between 1990 - 2000, the consumption of primary energy grows only about one fourth and that of the electricity by 50 per cent
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Open Economy, Institutional Quality, and Environmental Performance: A Macroeconomic Approach
Directory of Open Access Journals (Sweden)
Amaryllis Mavragani
2016-06-01
Full Text Available As the subject of how economic development affects the quality of the natural environment has gained great momentum, this paper focuses on examining the extent to which the openness of a market economy and the quality of the institution affect environmental performance. The majority of the current studies focus on the Environmental Kuznets Curve and the level of economic growth. This paper addresses this question by relating environmental (“Environmental Performance Index” to macroeconomic (Gross Domestic Product per capita, “Open Markets Index” and governance indicators (“Worldwide Governance Indicators”. The sample consists of 75 countries, including all G20 and EU members, comprising “more than 90% of global trade and investment”. Findings show that the Environmental Performance Index is positively correlated to each of the (institutional indicators, so as to confirm that the selected indices are consistent with previous studies, suggesting that environmental performance increases in line with economic development and that good governance increases a country’s levels of environmental protection. By applying factor analysis, an empirical model of the Environmental Performance Index is estimated, suggesting that there is a significant positive correlation between a country’s economic growth, the openness of an economy, high levels of effective governance, and its environmental performance.
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Contribution of the Ethanol Industry to the Economy of the United States
Energy Technology Data Exchange (ETDEWEB)
Urbanchuk, John M. [LECG, LLC, Wayne, PA (United States)
2008-02-20
Despite the challenges to profitability the ethanol industry continues to expand. Total ethanol production for 2007 is estimated at nearly 6.5 billion gallons, 33 percent more than 2006. This study estimates the contribution of the ethanol industry to the American economy in 2007.
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A Life-Cycle Overlapping-Generations Model of the Small Open Economy
Heijdra, Ben J.; Romp, Ward E.
2005-01-01
In this paper we construct an overlapping generations model for the small open economy incorporating a realistic description of the mortality process. With agedependent mortality, the typical life-cycle pattern of consumption and saving results from the maximizing behaviour of individual households.
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The oil and gas industry and the Canadian economy: a backgrounder
International Nuclear Information System (INIS)
Curran, R.
2000-02-01
The impact of the oil and natural gas industry on the Canadian economy is explained in terms of employment, balance of trade, products, government revenues, international technology trade and industry support to the community. It is reported that the industry employs almost one half million people in Canada; is the second largest contributor to Canada's balance of trade; generate billions of dollars for the economy and pays hundreds of millions of dollars in taxes and its employees contribute millions of dollars and thousands of hours of time to charitable and community organizations. The industry is also one of the major contributors to Canada's technology export through its leadership in high technology exploration methods, cold climate and offshore operations, enhanced recovery technologies, producing and processing heavy oil; mining and upgrading oil sands bitumen, oil-well firefighting techniques and environmental protection technologies, among others. Citing Canada's cold climate and energy-intensive industries, hence the need for large quantities of energy, the booklet offers a rationale for the industry's need to continue to be profitable in order to develop new sources of oil and gas production and invest in energy-efficient technologies. Assuming continued profitability, combined with more efficient use of oil and gas, the Foundation remains confident that the industry will provide energy security and export revenues for the benefit of all Canadians. 12 refs., photos
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2013-09-05
... Policies in India: Effects on the U.S. Economy; Institution of Investigation and Scheduling of Hearing... investigation No. 332-543, Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy... supporting Indian domestic industries, and the effect that those barriers have on the U.S. economy and U.S...
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OER and the Value of Openness: Implications for the Knowledge Economy
Bernstein, Samantha
2015-01-01
The knowledge economy is marked by recent trends in technological advancement, globalisation and increasing knowledge intensity. Through new technologies like Open Educational Resources (OER), knowledge can be freely accessed by individuals around the world, blurring traditional notions of ownership and prompting a social transformation manifested…
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Determinants of CO{sub 2} emissions in a small open economy
Energy Technology Data Exchange (ETDEWEB)
Friedl, Birgit; Getzner, Michael [Department of Economics, University of Klagenfurt, Universitaetsstrasse 65-67, A-9020 Klagenfurt (Austria)
2003-04-01
The aim of the paper is to explore the relationship between economic development and carbon dioxide (CO{sub 2}) emissions for a small open and industrialized country, Austria. We test whether an Environmental Kuznets Curve relationship also holds for a single country rather than concentrating on panel or cross-section data for a set of countries. A cubic (i.e. N-shaped) relationship between GDP and CO{sub 2} emissions is found to fit the data most appropriately for the period 1960-1999, and a structural break is identified in the mid-seventies due to the oil price shock. Furthermore, two variables are additionally significant: import shares reflecting the well-known pollution haven hypothesis, and the share of the tertiary (service) sector of total production (GDP) accounting for structural changes in the economy. Emission projections derived from this single country specification support the widely held opinion that significant policy changes are asked for when implementing the Kyoto Protocol in order to bring about a downturn in future carbon emissions.
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Building an industry; building an economy
International Nuclear Information System (INIS)
Shrimpton, M.
2006-01-01
This presentation provided an outline of oil and gas activity in the province, with a focus on the social and economic benefits provided to the province by the major oil and gas plays of Hibernia, Terra Nova and White Rose. Between 1999 and 2004, oil and gas activity contributed to an 18.4 per cent rise in the gross domestic product (GDP) of Newfoundland. Personal incomes rose by 5.9 per cent, and retail sales achieved an increase of 5.1 per cent. The population of the province has increased by 9000, and the unemployment rate has dropped by 2.3 per cent. Infrastructure additions provided by the oil and gas sector include construction sites; shipyards; a sub-sea fabrication centre; a trans-shipment terminal; a pipeyard, warehouse and operations centre; and a supply base and heliport. The petroleum industry has also contributed significantly to a variety of training and research facilities in the province. Oil revenues continue to accrue to the Newfoundland government, and economic diversification has improved in the region. Despite these contributions, the petroleum industry is often seen as transient and tangential to the economy. The industry is viewed as a revenue source, and its activities are seen as being of short duration. It was suggested that a wider recognition of the range, scope and scale of benefits provided by the industry are needed to address public misperceptions. Efforts must be made by the province to help the industry grow, and a wider recognition of diversification and sustainability must be achieved. refs., tabs., figs
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Examples of industrial achievements. [Energy economies
Energy Technology Data Exchange (ETDEWEB)
1982-07-01
Several examples are presented of industrial units concerned by energy economies. The problem, the solution, the energy savings and the financial balance are given for each following case: recuperation of smoke from two glass furnaces with continuous heat and power production; a new type of heating furnace for non-ferrous ingots; heating furnace with smoke recuperation; high-power boiler for very wet barks; smokes to supply heat to buildings and for a dryer; heat pump drying of plaster squares; air-conditioning of a workshop by recuperation on a furnace; dehydration of fodder and beetroot pulp with a straw generator; microprocessor-controlled hot water recuperation in cheese-making; electronic speed regulation for electronic motors.
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Editorial: Globalisation of Economies and Industries
Directory of Open Access Journals (Sweden)
Radosław Rybkowski
2014-06-01
Full Text Available At the beginning of the 21st century we also experience some drawbacks of globalisation. Yes, it “promotes economic and social advancement”, but the progress is not evenly distributes and not “all peoples” enjoy the benefits of globalisation. Growing interdependency has also brought greater competition, this time reaching much further that just neighbouring countries. Therefore, we decided to focus this issue of our journal on exploring the Globalisation of Economies and Industries. We do hope that the articles presented in this issue will inspire further research.
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Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations
Blackburn, Keith; Currie, David; Whittaker, R; Wren-Lewis, Simon
1985-01-01
The potential instability of a fixed monetary rule combined with automatic fixed stabilisers is a well-established feature of closed economy IS/LM models with wealth effects and asset accumulation. This paper examines the stability issue in a general open economy macromodel with alternative expectations mechanisms (rational or adaptive) in both the labour market and the foreign exchange market. The fixed monetary rule is found to be stabilising only in special cases, notably when post-tax rea...
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2015-05-01
The primary objective was to measure the economic contributions of the freight : industry to the Maryland economy and to develop a freight economic output (FECO) : index that tracks the economic performance of the freight industry over time.
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Energy and minerals industries in national, regional, and state economies
D. J. Shields; S. A. Winter; G. S. Alward; K. L. Hartung
1996-01-01
This report presents information on the contribution of the extractive industries to the domestic economy at different geopolitical scales. Areas where resource production is important to gross state or regional product, employment, or income are highlighted. Output, employment, value added, and personal and total income multipliers are reported for the energy and...
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2013-12-23
... INTERNATIONAL TRADE COMMISSION [Investigation No. 332-543] Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy Submission of Questionnaire for OMB Review AGENCY: United..., Investment, and Industrial Policies in India: Effects on the U.S. Economy. The investigation was instituted...
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Capital inflows, crisis and recovery in small open economies
DEFF Research Database (Denmark)
Raza, Hamid; Zoega, Gylfi; Kinsella, Stephen
2018-01-01
We compare two small open economics, Iceland and Ireland, that experienced a capital inflow through their banking systems in the period preceding the 2008 financial crises but differ in their currency arrangements. Both countries have mostly recovered from their respective crises, but the differe......We compare two small open economics, Iceland and Ireland, that experienced a capital inflow through their banking systems in the period preceding the 2008 financial crises but differ in their currency arrangements. Both countries have mostly recovered from their respective crises......, but the differences in the way their economies adjusted are interesting. The evidence suggests that changes in the real exchange rate served as the adjusting mechanism for Iceland's current account while in Ireland domestic demand compression served as the main adjustment mechanism. We also explore the adjustment...
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The green economy and the role of industry in the green growth. Report for the Cercle de l'Industrie
International Nuclear Information System (INIS)
Crifo, P.; Crassous-Doerfler, R.; Flam, M.
2010-06-01
In its first part, this report proposes and comments definition for the green economy and growth, outlines the methodological difficulty in performing an economical assessment, identifies the possible green growth levers, and compares the situation of China, United States and Europe with respect to green growth. The second part addresses the role of industry in the green economy: constraint or opportunity, value creating activities, success and risk factors
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Optical Storage In China: A Study in Strategic Industrial Policy
Greg Linden
2003-01-01
China’s industrial policy for high-technology industries combines key features of the policies adopted elsewhere in East Asia: judicious opening to foreign investors and support for local firms. However, unlike the developing economies of East Asia, China is a transition economy that already had a relatively well-developed, if somewhat dated, technology base of its own before its opening to outside investors at the end of the 1970s. Although the initial technology level of indiv...
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Energy Technology Data Exchange (ETDEWEB)
Finon, D
1999-08-01
The purpose of the paper is to analyse the reform of the French power industry, the extreme integration of the industrial organisation of which is deeply rooted in the French institutional particularisms. After the presentation of the main features of the 1999 reform, different elements of instability of the new structure are pointed out: the over-dominant position of the incumbent company which dissuades entries, institutional isomorphism between economies integrated to a regional space (heterogeneity of structures between European Community countries generates problems of reciprocity and fairness), and the end of the traditional capture of the regulator by the incumbent company because of the autonomy of the function of regulation. Two institutional scenarios are defined, which give a different weight to two competition paradigms in conflicts: the traditional ''industrial economics'' which inclines to preserve hierarchy in the national area to gain competitive advantages in the European field, and the neo-classical paradigm. In the first one, in the name of strategic efficiency, the integration of the industrial organisation could be preserved in spite of the asymmetry of structures between countries, and the playing field is the continental Europe on which national champions compete. In the second one the French industrial organisation has to conform to the competitive model, with vertical and horizontal disintegration and creation of a power exchange market. This scenario necessitates to test the force of the institutional determinism of the nuclear legacy. (author)
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Li, Jacqueline; Pan, Shu-Yuan; Kim, Hyunook; Linn, Jean H; Chiang, Pen-Chi
2015-10-01
As suggested by UNEP, the key to sustainable development is to create a "green economy" which should encapsulate all three sectors: the industry, the people, and the government. Therefore, there is an urgent need to develop and implement the green technologies into the existing facilities, especially in the developing countries. In this study, the role of green supply chains in eco-industrial parks (EIPs) towards a green economy was investigated. The strategies and effective evaluation procedures of the green economy were proposed by assessing the barriers from the perspective of institution, regulation, technology, and finance. In addition, three case studies from iron and steel-making, paper mill and pulping, and petrochemical industries were presented and illustrated for building the green supply chains. For example, in the case of Lin-Hai Industrial Park, a total of 15 efficient green supply chains using waste-to-resources technologies were established by 2012, resulting in an economic benefit of USD 100 million per year. It suggests that the green supply chains should be established to achieve both economic growth and environmental protection. With these successful experiences, building a green supply chain within industrial park should be extensively promoted to make traditional industries around the world being environmentally bearable, economic viable, and social equitable. Copyright © 2015 Elsevier Ltd. All rights reserved.
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Ireland – industrial competitiveness in a small open economy (NIRSA) Working Paper Series. No. 44
Cassidy, John; Barry, Frank; Van Egeraat, Chris
2009-01-01
The Irish economy has boomed in recent years based on a strategy of attracting FDI, and has become a model economy particularly for EU accession countries. This chapter sets out to provide a deeper understanding of Ireland’s success in the context of Porter’s Diamond Model of national competitiveness. A number of analyses have been done in Ireland on the relevance of Porter’s Diamond theory to national competitiveness. O’Connell, van Egeraat and Enright (1997) adopted a Porter Diamond analysi...
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Integration & Impact of Information Technology on Indian Economy
Dr. Gulrukh Salim
2014-01-01
India occupies a major place in list of developing countries and is expected to have basic capabilities to compete with world economies. Before 1991, India adopted policy of self-reliance but in this era of LPG, India’s industrial and agricultural structure is being transformed into open and mixed economy. On the basis of various surveys and fact conducted by National and International Agencies, India is still lacking in the basic needs of livelihood, despite having occupied the position of t...
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Regional and international market integration of a small open economy
Sebastian Fossati; Fernando Lorenzo; Cesar M. Rodríguez
2007-01-01
This paper studies the relationship between a set of commodity prices in a small open economy like Uruguay and the corresponding international and regional prices. The empirical methodology used is the multivariate cointegration procedure based on maximum likelihood methods introduced by Johansen (1988) as well as estimations of half-life persistence indicators. In the case of cereals, the evidence suggests strong market integration between domestic and regional markets and, to some extent, a...
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Inflation, Growth and Exchange Rate Regimes in Small Open Economies
Hernandez-Verme, Paula
2002-01-01
Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements, and credit market frictions may or may not cause credit rationing. Under floating exchange rates, raising domestic inflation can increase production if credit is rationed. However, there exist infla...
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Open Data for Research and Strategic Monitoring in the Pharmaceutical and Biotech Industry
Directory of Open Access Journals (Sweden)
Baldissera Giovani
2017-04-01
Full Text Available Open data is considered the new oil. As oil can be used to produce fertilisers, pesticides, lubricants, plastics and many other derivatives, so data is considered the commodity to use and re-use to create value. The number of initiatives supporting free access to data has increased in the last years and open data is becoming the norm in the public sector; the approach empowers stakeholders and nurtures the economy. Even if at early stage, private companies also are adapting to the open data market. A survey was conducted to which thirteen companies of different size (from micro enterprises to world-leading pharmas in the pharmaceutical and biotech sector and representing four business models archetypes of companies exploiting open data (aggregators, developers, enrichers and enablers participated. The information collected provides a snapshot of the use of open data by the pharmaceutical and biotech industry in 2015–2016. The companies interviewed use open data to complement proprietary data for research purposes, to implement licensing-in/licensing-out strategies, to map partnerships and connections among players or to identify key expertise and hire staff. Pharmaceutical and biotech companies have made of the protection of knowledge a dogma at the foundation of their business models, but using and contributing to the open data movement may change their approach to intellectual property and innovation.
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Blockchain - an Innovation Technology of the Post-Industrial Economy
Arkhireiska Natalia V.
2017-01-01
The article is aimed at studying the innovation technology of the post-industrial economy - blockchain. It has been found that blockchain is a multifunctional and multi-level information technology designed to reliably account for different assets. It has been proved that the most important today is blockchain for Bitcoin. The article explores the opportunities, prospects and risks associated with investment in cryptocurrency. It has been determined that the main advantages of investment in B...
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Effectiveness of Macroeconomic Policies in the Context of Closed and Open Economies
Directory of Open Access Journals (Sweden)
N. Kubendran
2016-07-01
Full Text Available Monetary policy and fiscal policy are the two important macroeconomic policies which are used to achieve certain major macroeconomic goals like economic growth, unemployment reduction, counteract inflation and overall economic development of the nation. The effect of macroeconomic variables may differ in terms of degree, duration, different economic systems and under different exchange rate regimes. This study analyses the effectiveness of monetary policy and fiscal policy on the economy in terms of economic integration and different exchange rate regimes. Regression analysis in this study found that the fiscal policy is more effective in a closed economy and monetary policy is more effective in an open economy. Also the study finds that the fiscal policy is more effective under managed float exchange rate regime and monetary policy is more effective under perfectly flexible exchange rate. So this study also validated Mundell- Fleming model.
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International Nuclear Information System (INIS)
Fang, Chao; Min, Qi; Yang, Yanran; Sun, Yuliang
2017-01-01
Highlights: •High Temperature Gas Cooled Reactor (HTGR) could work as heat source for petrochemical industry. •The joint of a 600 MW modular HTGR (HTR-PM600) and petrochemical industry is achievable. •The mature technology of turbine in thermal power station could be readily adopted. •The economy of this scheme is also acceptable. -- Abstract: High Temperature Gas Cooled Reactor (HTGR) could work as heat source for petrochemical industry. In this article, the preliminary feasibility of a 600 MW modular HTGR (HTR-PM600) working as heat source for a typical hypothetical Chinese petrochemical factory is discussed and it is found that the joint of HTR-PM600 and petrochemical industry is achievable. In detail, the heat and water balance analysis of the petrochemical factory is given. Furthermore, the direct cost of heat supplied by HTR-PM600 is calculated and corresponding economy is estimated. The results show that though there are several challenges, the application of process heat of HTGR to petrochemical industry is practical in sense of both technology and economy.
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Oil price shocks and economy: an open question
International Nuclear Information System (INIS)
Di Marzio, G.
2006-01-01
During the 1970s and 1980s advanced oil importing economies faced the adverse effects of oil supply disruptions with abrupt energy price rise, followed by sensible business cycle inversions and stagflation. The negative effects of the sharp energy price increase were amplified by factors such the induced costly resources reallocation between labour and capital, and between sectors of activity; rising uncertainty discouraging investments, and income redistribution consequences on aggregate demands After a shock the economic system generally adjusts in favour of less energy intensive industries; this leads pauses in production as part of the existing capital stock become obsolete, and causes resources under utilization. Since the 1970s a number of economists have been sceptical about why even large price shocks in a resource that accounts for less than 3-4 pct. of global GDP could cause losses of magnitude as those experienced in most advanced economies. They believe that monetary policy has played a role in generating the observed negative correlation between oil prices and economic activity, and question whether the post-oil-shock recessions were attributable to the oil price shocks themselves or to the monetary policy responding to these shocks. Empirical research largely shows a primary responsibility of large price shocks and major oil-supply disruptions on recessionary movements of GDP. Energy prices have risen sharply since 2003, driven by strengthening global demand; market fundamentals suggest that a considerable fraction of recent hikes will be permanent and current price levels remain credible. With limited spare capacity, the medium term oil supply-demand balance is expected to remain tight, and the price probably near current levels. Today' s high oil prices reflect the effects of sustained energy demand trends and, jointly, oil industry under investment during and after the low price era of the 1990s. The apparent moderate macro economic effects of the
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Nuclear power development in Russia. Russia's energy industry preparing for the free market economy
International Nuclear Information System (INIS)
Anon.
1993-01-01
The energy industry in Eastern Europe is preparing for the free market economy. The ambitions goal is to get fit and prepared for joining the free market economy as a competitor, and within the shortest possible time at that, struggling against the sharp wind of change that will blow, and trying to make the best of actually very unfavourable economic and political conditions. Priority has been given to privatisation of power plants and electricity networks, and to a speedy connection to the Western grids. However, all parties concerned are well aware that this task cannot be accomplished out of Russia's own resources alone. Whether the economy in Russia can be put on a stable footing and develop stable structures will depend on the development and efficient use of nuclear power, as the most important resources of Russia's energy industry are concentrated in the eastern part of the country, while 70% of electricity generation and demand is concentrated in the European part. (orig.) [de
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Directory of Open Access Journals (Sweden)
Wayde R. Pandy
2014-07-01
Full Text Available The timeshare industry is one of most under-researched aspects of tourism accommodation. Within existing scholarship most writings pertain to industry development and challenges in the USA and Europe. This paper provides an examination of the evolution and consolidation of the timeshare industry in South Africa from the 1980s to the present-day. The South African timeshare industry is revealed as one of the most mature in the international timeshare economy. Historically, the industry confronted parallel challenges to those in developed countries in respect of adapting the product to local conditions and confronting a tarnished image from the impact of unscrupulous developers. Currently the South African timeshare sector faces different challenges including service management and consumer dissatisfaction, marginalization within the tourism economy, and the need to address the emerging Black middle class market.
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Monetary policy and inflation targeting in a small open-economy
Abdul Karim, Zulkefly; Md. Said, Fathin Faezah; Jusoh, Mansor; Md. Thahir, Md. Zyadi
2009-01-01
This paper investigates the transmission mechanism of monetary policy and inflation targeting in a small open-economy by using backward-looking of aggregate supply (AS) and aggregate demand (AD) framework. Since September 1998 until July 2005, Malaysia has implemented a currency pegged to the U.S dollar in responding to the Asian financial crisis. However, since the 21st of July 2005 until at present, the Central Bank of Malaysia (CBM) has eliminated pegging with the U.S dollar and moved to t...
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The Optimal Taxation of Dividends in a Small Open Economy
Fuest, Clemens; Huber, Bernd
2000-01-01
This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic households. This result holds for fairly general utility functions. The reason is that the marginal shareholder in domestic firms is a foreign investor. This implies that the level of real investment is not affected by the taxation of domestic dividend in...
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International Nuclear Information System (INIS)
Arcos, Angel; De Toledo, Pablo Alvarez
2009-01-01
In this paper we propose a model to explain the behaviour of the Spanish electrical utility industry during the period 1987-1997, under the then existing regulatory system (Marco Legal Estable). The paper will study the presence of economies of scale, the effect of technological progress and the differences in the efficiency of the different companies within the market. The paper concludes that the Spanish electrical utility industry was not, in fact, characterized by economies of scale during this period, but witnessed a great improvement in efficiency within that period. All the critical market factors remind stable. (author)
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Directory of Open Access Journals (Sweden)
Ali Mustafa Abdullah Al Qudah, Dr.
2014-06-01
Full Text Available This study examined the impact of the world financial crisis and openness of the economy on the financial performance of Jordanian listed banks through the period 2005-2008. Panel data analysis is employed to examine study hypotheses. The results showed that the world financial crisis has a negative and significant impact on the financial performance measured by return on assets, return on equity, earning per share, market share prices, and market value while it has a positive but not significant impact on dividend yields. The study also found that openness of the economy has a positive and significant impact on the financial performance of Jordanian listed banks.
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Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela's Example
Aniyar, Sara
2003-01-01
The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recalled and discussed: how should the exploration costs and the capital gains be treated? It is shown that the estimations vary significantly depending on which set of assumptions are made about the way to account for them and the assumptions made about how the economy functions. It is argued that d...
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Analysis of the holistic impact of the Hydrogen Economy on the coal industry
Lusk, Shannon Perry
As gas prices soar and energy demand continues to grow amidst increasingly stringent environmental regulations and an assortment of global pressures, implementing alternative energy sources while considering their linked economic, environmental and societal impacts becomes a more pressing matter. The Hydrogen Economy has been proposed as an answer to meeting the increasing energy demand for electric power generation and transportation in an environmentally benign way. Based on current hydrogen technology development, the most practical feedstock to fuel the Hydrogen Economy may prove to be coal via hydrogen production at FutureGen plants. The planned growth of the currently conceived Hydrogen Economy will cause dramatic impacts, some good and some bad, on the economy, the environment, and society, which are interlinked. The goal of this research is to provide tools to inform public policy makers in sorting out policy options related to coal and the Hydrogen Economy. This study examines the impact of a transition to a Hydrogen Economy on the coal industry by creating FutureGen penetration models, forecasting coal MFA's which clearly provide the impact on coal production and associated environmental impacts, and finally formulating a goal programming model that seeks the maximum benefit to society while analyzing the trade-offs between environmental, social, and economical concerns related to coal and the Hydrogen Economy.
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International Nuclear Information System (INIS)
Dissou, Yazid
2010-01-01
The recent uptrend in oil prices represents both an opportunity and a challenge for small-open developed and oil-exporting countries. Using Canada as a study case and in contrast to most studies that use aggregate models, this paper employs a multi-sector, intertemporal general equilibrium model to provide perspectives on the sectoral, aggregate and dynamic adjustments of a sustained increase in oil prices. It highlights the transmission channels through which the rise in oil prices affects the domestic economy. The simulation results suggest that the shock would have positive aggregate impacts, but would also spur the reallocation of resources and would therefore induce disparities in sectoral adjustments. The suggested contraction in some industries could not however be attributed to a pure Dutch disease phenomenon because of, among other factors, the cost-push effect induced by the increase in oil prices.
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Intergenerational and international welfare leakages of a tariff in a small open economy
Bettendorf, Leon J.H.; Heijdra, Ben J.
1999-01-01
A dynamic overlapping-generations model of a small open economy with imperfect competition in the goods market is constructed. A tariff increase reduces output and employment and leads to an appreciation of the real exchange rate both in the impact period and in the new steady state. The tariff
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Intra-Industry Affiliate Trade of Foreign-Owned Companies in Transition Economies:
DEFF Research Database (Denmark)
Nielsen, Jørgen Ulff-Møller; Pawlik, Konrad
2008-01-01
Using a database containing trade and industry variables of foreign-owned companies in the Polish manufacturing industry for the years 1993-2002, we investigate the relationship between the organizational structure of multinational enterprises (MNE) in Poland and the intra-industry trade of their...... become a more important mode of organization for multinational enterprises as Poland has evolved into a relatively stable economic environment where MNEs feel comfortable basing their regional operations.......Using a database containing trade and industry variables of foreign-owned companies in the Polish manufacturing industry for the years 1993-2002, we investigate the relationship between the organizational structure of multinational enterprises (MNE) in Poland and the intra-industry trade...... of their affiliates (IIAT). We find labour intensity; scale economies and absorptive capacity of affiliates are the main explanatory variables for IIAT. Given the overall rise in export and import intensities of foreign affiliates over the period of investigation, our findings suggest that export-platform FDI has...
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Directory of Open Access Journals (Sweden)
A. Vlasov
2015-01-01
Full Text Available The article deals with the optimization of the structure of financial resources of industrial enterprises in the market economy mechanism. The slowdown of the Russian economy force companies to promote more accurate system financial planning its activities. In modern economic conditions the company's performance is largely dependent on the ability of management to more accurately predict financial flows, as well as more accurately predict the financial and human resources to ensure solvency of the enterprise, thus more competent to form the strategy of development of the organization.Goal / task. The aim of the article the search for the optimal structure of financial resources of industrial enterprises in the market economy mechanism and to develop proposals for the sustainable development of the enterprise. The task of this article is to investigate the structure of financial resources of the enterprise, in a deteriorating economic situation that must be considered in the sustainable development of industrial enterprises.Methodology. In conducting this study the main sources of the original data were the materials of the state statistics, the works of famous economists. The basis of the methodological developments based on comparative methods of analysis.Results. Given the concept of optimizing the structure of financial resources of the industrial enterprises. It shows the influence of external and internal factors affecting the stability of the industrial enterprises. Highlighted the impact of the economic situation on the role of these factors.Conclusions / significance. In the current economic conditions of the state and the new economic realities, it is necessary to focus to industrial enterprises to conduct an effective economic policy, thereby improving the financial stability of the enterprise.
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Varblane, Urmas; Mets, Tonis; Ukrainski, Kadri
2008-01-01
During the transformation process from a command economy, the extraordinary statist university-industry-government (UIG) linkages model was replaced by an extreme version of laissez-faire relationships. A more modern interaction-based UIG model could be implemented only by changing the whole national innovation system of catching-up economies. The…
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The Globalization of the Business Sector in a Small Open Economy
DEFF Research Database (Denmark)
Thompson, Grahame; Kaspersen, Lars Bo
2012-01-01
The growth of multinational corporations (MNCs) is often taken as a quintessential indicator of ‘globalization’. But recent detailed empirical analysis has challenged the idea that most MNCs are global in terms of their business strategy and arena of operations. This article first clarifies...... the differences between globalization, internationalization and supranational-regionalization by examining the evidence on trade and investment patterns for Denmark. In particular, it presents a detailed analysis of the business strategies of the large corporate sector in Denmark. Denmark is an interesting case......, as it is a small open economy (SOE) that might be thought to be one uniquely vulnerable to the forces of globalization. Up until now examination of MNCs' internationalization strategies has concentrated upon large economies. We provide evidence for a SOE. In addition, we expand the range of dimensions used...
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Energy price increases, economic rents, and industrial structure in a small regional economy
Energy Technology Data Exchange (ETDEWEB)
Norrie, K.H.; Percy, M.B.
1982-01-01
The authors model the relationship between natural-resource revenues and regional economic diversification in the context of a general-equilibrium model of a small, open, natural-resource-based regional economy. The model is then used to stimulate the implications of various province-building strategies, and to draw policy implications from this. They find that the efforts to diversify the economy using the fiscal capacity of the region will, in general, impose real welfare losses on the residents of the province, although certain groups, such as land owners, are already better off.
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Simulating the impact of new industries on the economy : The case of biorefining in Australia
Malik, Arunima; Lenzen, Manfred; Ely, Romulo Neves; Dietzenbacher, Erik
2014-01-01
We investigate the economic and employment consequences of introducing a new sugarcane-based biofuel industry into Australia. We model the new biofuel industry on the production recipe of the existing large-scale gasoalcohol and alcohol sectors in the Brazilian economy. To this end we utilise a
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How extractive industries affect health: Political economy underpinnings and pathways.
Schrecker, Ted; Birn, Anne-Emanuelle; Aguilera, Mariajosé
2018-06-07
A systematic and theoretically informed analysis of how extractive industries affect health outcomes and health inequities is overdue. Informed by the work of Saskia Sassen on "logics of extraction," we adopt an expansive definition of extractive industries to include (for example) large-scale foreign acquisitions of agricultural land for export production. To ground our analysis in concrete place-based evidence, we begin with a brief review of four case examples of major extractive activities. We then analyze the political economy of extractivism, focusing on the societal structures, processes, and relationships of power that drive and enable extraction. Next, we examine how this global order shapes and interacts with politics, institutions, and policies at the state/national level contextualizing extractive activity. Having provided necessary context, we posit a set of pathways that link the global political economy and national politics and institutional practices surrounding extraction to health outcomes and their distribution. These pathways involve both direct health effects, such as toxic work and environmental exposures and assassination of activists, and indirect effects, including sustained impoverishment, water insecurity, and stress-related ailments. We conclude with some reflections on the need for future research on the health and health equity implications of the global extractive order. Copyright © 2018 The Authors. Published by Elsevier Ltd.. All rights reserved.
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Environmental issues elimination through circular economy
Energy Technology Data Exchange (ETDEWEB)
Špirková, M., E-mail: marta.spirkova@stuba.sk; Pokorná, E.; Šujanová, J.; Samáková, J. [Paulínska 16, 917 24 Trnava, Slovakia, Slovak University of Technology in Bratislava, Faculty of Materials Science and Technology in Trnava (Slovakia)
2016-04-21
Environmental efforts of European Union are currently going towards circular economy. Tools like Extended Producer Responsibility and Eco-design were established. The circular economy deals with resources availability issue on one hand and waste management on the other hand. There are few pioneering companies all over the world with some kind of circular economy practice. Generally the concept is not very wide-spread. The paper aims to evaluate possibility of transition towards circular economy in Slovak industrial companies. They need to have an active approach to material treatment of their products after usage stage. Innovation is another important pre-condition for the transition. Main problem of current cradle to grave system is landfilling of valuable materials after one cycle of usage. Their potential value for next manufacturing cycles is lost. Companies may do not see connection between waste management and material resource prices and volatility of supplies. Municipalities are responsible for municipal waste collection and treatment in Slovakia. The circular economy operates by cradle to cradle principle. Company manages material flow until the material comes back to the beginning of manufacturing process by itself or by another partners. Stable material supplies with quite low costs are provided this way. It is necessary to deal with environmental problems in phase of product design. Questionnaire survey results show on one hand low involvement of industrial companies in waste management area, however on the other hand they are open to environmental innovations in future.
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Environmental issues elimination through circular economy
International Nuclear Information System (INIS)
Špirková, M.; Pokorná, E.; Šujanová, J.; Samáková, J.
2016-01-01
Environmental efforts of European Union are currently going towards circular economy. Tools like Extended Producer Responsibility and Eco-design were established. The circular economy deals with resources availability issue on one hand and waste management on the other hand. There are few pioneering companies all over the world with some kind of circular economy practice. Generally the concept is not very wide-spread. The paper aims to evaluate possibility of transition towards circular economy in Slovak industrial companies. They need to have an active approach to material treatment of their products after usage stage. Innovation is another important pre-condition for the transition. Main problem of current cradle to grave system is landfilling of valuable materials after one cycle of usage. Their potential value for next manufacturing cycles is lost. Companies may do not see connection between waste management and material resource prices and volatility of supplies. Municipalities are responsible for municipal waste collection and treatment in Slovakia. The circular economy operates by cradle to cradle principle. Company manages material flow until the material comes back to the beginning of manufacturing process by itself or by another partners. Stable material supplies with quite low costs are provided this way. It is necessary to deal with environmental problems in phase of product design. Questionnaire survey results show on one hand low involvement of industrial companies in waste management area, however on the other hand they are open to environmental innovations in future.
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Environmental issues elimination through circular economy
Špirková, M.; Pokorná, E.; Šujanová, J.; Samáková, J.
2016-04-01
Environmental efforts of European Union are currently going towards circular economy. Tools like Extended Producer Responsibility and Eco-design were established. The circular economy deals with resources availability issue on one hand and waste management on the other hand. There are few pioneering companies all over the world with some kind of circular economy practice. Generally the concept is not very wide-spread. The paper aims to evaluate possibility of transition towards circular economy in Slovak industrial companies. They need to have an active approach to material treatment of their products after usage stage. Innovation is another important pre-condition for the transition. Main problem of current cradle to grave system is landfilling of valuable materials after one cycle of usage. Their potential value for next manufacturing cycles is lost. Companies may do not see connection between waste management and material resource prices and volatility of supplies. Municipalities are responsible for municipal waste collection and treatment in Slovakia. The circular economy operates by cradle to cradle principle. Company manages material flow until the material comes back to the beginning of manufacturing process by itself or by another partners. Stable material supplies with quite low costs are provided this way. It is necessary to deal with environmental problems in phase of product design. Questionnaire survey results show on one hand low involvement of industrial companies in waste management area, however on the other hand they are open to environmental innovations in future.
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Green Acquisitions And Lifecycle Management Of Industrial Products In The Circular Economy
Popa, Vasile N.; Popa, Luminita I.
2016-11-01
The article addresses the issue of green acquisitions which occur within an industrial company focused on reducing inputs while maintaining output (substitution and efficiency). These processes characterize a circular economy oriented on resource efficiency (costs saved by reducing purchasing inputs). In our article, we focus on the industrial procurement practice which can help businesses save money and materials. Besides the possibility to negotiate prices, buyers can influence suppliers to offer products and services in an efficient manner in terms of green resources. The life cycle of industrial products is used to demonstrate the environmental advantages and disadvantages of various options for acquisitions and initiatives to totally reuse them.
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Nulle, Grant Mark
This paper challenges the determinism that booming resource economies suffer from de-industrialization, the "Dutch Disease". For several decades, economists have attempted to explain how a sudden surge in mineral and energy extraction affects an economy's output and employment from an aggregate and sectoral perspective. Economic theory shows that a "boom" in mineral and energy production is welfare enhancing to the economy experiencing it. However, the phenomenon also induces inter-sectoral adjustments among non-renewable resource (NRR), traditional traded, and non-traded industries that tend to crowd out traditional export sectors such as agriculture and manufacturing. In turn, this paper asks two fundamental questions: 1) Can the inter-sectoral adjustments wrought by a boom in NRR production be mitigated in the resource-abundant economy experiencing it; 2) Can the inter-sectoral adjustments be exported to a neighboring non-resource economy by movements in migrant labor supply? The theoretical model and empirical estimation approach presented in this paper introduces an endogenous migrant labor supply response to booms in NRR output to test the extent traditional tradable sectors shrink in the NRR-abundant economy during the boom and if such effects are exported to a neighboring jurisdiction. Using data at the U.S. county level, the empirical results show that booming economies experience positive and statistically significant rates of real income and traded sector job growth during the boom, attributable to the influx of migrant labor. By contrast, little evidence is found that non-booming counties adjacent to the booming counties experience declines in income or job growth because of labor supply outflows. Instead, the results suggest the larger the number of potential "donor" counties that can supply labor to the booming economies, the more likely the transmission of booming economy effects, namely evidence of de-industrialization, is diffused across all of the
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Models for open innovation in the pharmaceutical industry.
Schuhmacher, Alexander; Germann, Paul-Georg; Trill, Henning; Gassmann, Oliver
2013-12-01
The nature of the pharmaceutical industry is such that the main driver for its growth is innovation. In view of the vast challenges that the industry has been facing for several years and, in particular, how to manage stagnating research and development (R&D) productivity, pharmaceutical companies have opened their R&D organizations to external innovation. Here, we identify and characterize four new types of open innovator, which we call 'knowledge creator', 'knowledge integrator', 'knowledge translator' and 'knowledge leverager', and which describe current open R&D models. Copyright © 2013 Elsevier Ltd. All rights reserved.
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ROLE OF AGRO-INDUSTRY IN BANGLADESH ECONOMY: AN EMPIRICAL ANALYSIS OF LINKAGES AND MULTIPLIERS
Quddus, Md. Abdul
2009-01-01
The study was undertaken to evaluate the contribution of agro-industry in the Bangladesh economy. The latest two input-output tables of the year 1993-94 and 2001-2002 in Bangladesh were used to calculate inter-industry linkage indices and multiplier effects. Agroindustry contributes a significant portion of national income and the prospect of employment generation is increasing at the higher extent for the sectors food processing, tanning and leather finishing, leather industry, saw milling a...
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Open and continuous fermentation: products, conditions and bioprocess economy.
Li, Teng; Chen, Xiang-bin; Chen, Jin-chun; Wu, Qiong; Chen, Guo-Qiang
2014-12-01
Microbial fermentation is the key to industrial biotechnology. Most fermentation processes are sensitive to microbial contamination and require an energy intensive sterilization process. The majority of microbial fermentations can only be conducted over a short period of time in a batch or fed-batch culture, further increasing energy consumption and process complexity, and these factors contribute to the high costs of bio-products. In an effort to make bio-products more economically competitive, increased attention has been paid to developing open (unsterile) and continuous processes. If well conducted, continuous fermentation processes will lead to the reduced cost of industrial bio-products. To achieve cost-efficient open and continuous fermentations, the feeding of raw materials and the removal of products must be conducted in a continuous manner without the risk of contamination, even under 'open' conditions. Factors such as the stability of the biological system as a whole during long cultivations, as well as the yield and productivity of the process, are also important. Microorganisms that grow under extreme conditions such as high or low pH, high osmotic pressure, and high or low temperature, as well as under conditions of mixed culturing, cell immobilization, and solid state cultivation, are of interest for developing open and continuous fermentation processes. Copyright © 2014 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.
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The shadow economy in industrial countries
Dominik H. Enste
2015-01-01
The shadow (underground) economy plays a major role in many countries. People evade taxes and regulations by working in the shadow economy or by employing people illegally. On the one hand, this unregulated economic activity can result in reduced tax revenue and public goods and services, lower tax morale and less tax compliance, higher control costs, and lower economic growth rates. But on the other hand, the shadow economy can be a powerful force for advancing institutional change and can b...
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Open Education and the Open Science Economy
Peters, Michael A.
2009-01-01
Openness as a complex code word for a variety of digital trends and movements has emerged as an alternative mode of "social production" based on the growing and overlapping complexities of open source, open access, open archiving, open publishing, and open science. This paper argues that the openness movement with its reinforcing structure of…
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Endogenous Currency of Price Setting in a Dynamic Open Economy Model
Michael B. Devereux; Charles Engel
2001-01-01
Many papers in the recent literature in open economy macroeconomics make different assumptions about the currency in which firms set their export prices when nominal prices must be pre-set. But to date, all of these studies take the currency of price setting as exogenous. This paper sets up a simple two-country general equilibrium model in which exporting firms can choose the currency in which they set prices for sales to foreign markets. We make two alternative assumptions about the structur...
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Circular Economy – A New Direction for the Sustainability of the Hotel Industry in Romania?
Directory of Open Access Journals (Sweden)
Rodica Pamfilie
2018-05-01
Full Text Available The present article deals with aspects related to the transition to a new model of economy – the circular economy – a more appropriate model for the current tendencies of ensuring the sustainability of economic processes. Tourism, as an economic branch with strong dynamics in recent years, is one of the areas where resource conservation and environmental protection are of significant importance. Circular tourism, derived from the principles of circular economy, aims at recycling tourism resources and favoring the sustainable development of the environment, thus giving tourists a greater sense of responsibility. The authors sought to study the influence of the implementation of integrated quality-environment-security systems on the economic performance of hotel establishments in Romania from the perspective of industry managers, as a starting point for determining the applicability of the principles of circular economy in this sector. In order to study this influence, questionnaires were addressed to tourism operators in order to establish the existing link between the implementation of ISO 9001, ISO 14001 and OHSAS 18001 standards and the economic, social and environmental performance of those operators. From the perspective of the systemic approach and analyzing the obtained data, the authors of the paper argue that the hotel industry in Romania is not yet sufficiently prepared to adopt the principles of the circular economy, the adoption of an integrated management system not having as much influence as believed on the performances of the operators in the field.
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China Should Learn from Other Nations in Safeguarding Industrial Security
Institute of Scientific and Technical Information of China (English)
纪宝成; 刘元春
2007-01-01
The article examines the current conditions of China’s industrial safety issues from four different perspectives,which include the overall openness of the micro-economy,industrial competitiveness, merger and acquisition by foreign capital and industrial upgrade.It points out six important issues in the process of improving China’s industrial safety.
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Batabyal, A.A.; Nijkamp, P.
2010-01-01
The authors analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, the authors use a two-period model to analyze the contractual relationship between
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Monetary Policy, Incomplete Asset Markets, and Welfare in a Small Open Economy
Shigeto Kitano; Kenya Takaku
2014-01-01
We develop a small open economy model with capital, sticky prices, and a simple form of financial frictions. We compare welfare levels under three alternative rules: a domestic inflation-based Taylor rule, a CPI inflation-based Taylor rule, and an exchange rate peg. We show that the superiority of an exchange rate peg over a domestic inflation-based Taylor rule becomes more pronounced under incomplete financial asset markets and more severe financial frictions.
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The oil and gas industry and the Canadian economy: a backgrounder
International Nuclear Information System (INIS)
1999-06-01
The technological and economic significance of the Canadian petroleum industry to the national economy and to Canada's standing in the world are reviewed. The six key ways in which the oil and gas industry affects Canada, namely employment, balance of trade, products, government revenues, international technology trade and community support are stressed within the context of describing present and future oil and gas resources, Canada's petroleum and natural gas trade balance, and capital spending and product sales. Attention is also drawn to the role of the Canadian petroleum and natural gas industry as a producer and exporter of world class technology, especially in the areas of high tech exploration methods, cold-climate and offshore operations, enhanced recovery techniques, heavy oil production and and processing, mining and upgrading of oil sands bitumen, oil well firefighting, and environmental protection technology. maps, figs
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DEFF Research Database (Denmark)
Ponte, Stefano
2017-01-01
Book review of Varietals of Capitalism: A Political Economy of the Changing Wine Industry by Xabier Itçaina, Antoine Roger, Andy Smith (2016). Ithaca and London, Cornell University Press, 266 p.......Book review of Varietals of Capitalism: A Political Economy of the Changing Wine Industry by Xabier Itçaina, Antoine Roger, Andy Smith (2016). Ithaca and London, Cornell University Press, 266 p....
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Economies of scale and trends in the size of southern forest industries
James E. Granskog
1978-01-01
In each of the major southern forest industries, the trend has been toward achieving economies of scale, that is, to build larger production units to reduce unit costs. Current minimum efficient plant size estimated by survivor analysis is 1,000 tons per day capacity for sulfate pulping, 100 million square feet (3/8- inch basis) annual capacity for softwood plywood,...
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Optimum Organization of the Labor Market in a Small Open Economy
DEFF Research Database (Denmark)
Blomgren-Hansen, Niels
2012-01-01
In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial...... centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole....
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Developing open-source codes for electromagnetic geophysics using industry support
Key, K.
2017-12-01
Funding for open-source software development in academia often takes the form of grants and fellowships awarded by government bodies and foundations where there is no conflict-of-interest between the funding entity and the free dissemination of the open-source software products. Conversely, funding for open-source projects in the geophysics industry presents challenges to conventional business models where proprietary licensing offers value that is not present in open-source software. Such proprietary constraints make it easier to convince companies to fund academic software development under exclusive software distribution agreements. A major challenge for obtaining commercial funding for open-source projects is to offer a value proposition that overcomes the criticism that such funding is a give-away to the competition. This work draws upon a decade of experience developing open-source electromagnetic geophysics software for the oil, gas and minerals exploration industry, and examines various approaches that have been effective for sustaining industry sponsorship.
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Kshetri, Nir
2011-01-01
Industrialized world-based healthcare providers are increasingly off-shoring low-end healthcare services such as medical transcription, billing and insurance claims. High-skill medical jobs such as tele-imaging and tele-pathology are also being sub-contracted to developing countries. Despite its importance, little theory or research exists to explain what factors affect industry growth. The article's goals, therefore, are to examine economic processes associated with developing economies' shift from low- to high-value information technology enabled healthcare services, and to investigate how these differ in terms of legitimacy from regulative, normative and cognitive institutions in the sending country and how healthcare services differ from other services. This research is conceptual and theory-building. Broadly, its approach can be described as a positivistic epistemology. Anti off-shoring regulative, normative and cognitive pressures in the sending country are likely to be stronger in healthcare than in most business process outsourcing. Moreover, such pressures are likely to be stronger in high-value rather than in low-value healthcare off-shoring. The findings also indicate that off-shoring low-value healthcare services and emergent healthcare industries in a developing economy help accumulate implicit and tacit knowledge required for off-shoring high-value healthcare services. The approach lacks primary data and empirical documentation. The article helps in understanding industry drivers and its possible future direction. The findings help in understanding the lens through which various institutional actors in a sending country view healthcare service off-shoring. The article's value stems from its analytical context, mechanisms and processes associated with developing economies' shift to high-value healthcare off-shoring services.
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Molinos-Senante, María; Maziotis, Alexandros
2018-03-09
The water industry presents several structures in different countries and also within countries. Hence, several studies have been conducted to evaluate the presence of economies of scope and scale in the water industry leading to inconclusive results. The lack of a common methodology has been identified as an important factor contributing to divergent conclusions. This paper evaluates, for the first time, the presence of economies of scale and scope in the water industry using a flexible technology approach integrating operational and exogenous variables of the water companies in the cost functions. The empirical application carried out for the English and Welsh water industry evidenced that the inclusion of exogenous variables accounts for significant differences in economies of scale and scope. Moreover, completely different results were obtained when the economies of scale and scope were estimated using common and flexible technology methodological approaches. The findings of this study reveal the importance of using an appropriate methodology to support policy decision-making processes to promote sustainable urban water activities.
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Effects of Fiscal Policy in a Small Open Economy: Evidence of Croatia
Deskar-Škrbić, Milan; Šimović, Hrvoje; Ćorić, Tomislav
2013-01-01
In this paper we use structural VAR model to analyze dynamic effects of fiscal shocks on economic activity in Croatia from 2000Q1-2012Q2. Due to the fact that Croatia is a small open economy we assume that shocks of foreign origination can have notable effects on its performance. Therefore, original Blanchard-Perotti (2002) model is extended by introducing variables that represent external (foreign) demand shocks. The results show that the government spending has a positive and statistically ...
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Monetary Policy in Small Open Economies: The Role of Exchange Rate Rules
Santacreu, Ana Maria
2015-01-01
Understanding the costs and benefits of alternative monetary policy rules is important for economic welfare. Within the context of a small open economy model and building on the work of Mihov and Santacreu (2013), the author analyzes the economic implications of two monetary policy rules. The first is a rule in which the central bank uses the nominal exchange rate as its policy instrument and adjusts the rate whenever there are changes in the economic environment. The second is a standard int...
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Energy Technology Data Exchange (ETDEWEB)
Lee, M. K.; Kim, S. S.; Lee, J. H.; Kim, S. H. [Nuclear Policy Research Division, Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)
2014-10-15
In 1978, Korea introduced the first nuclear power plant, Kori-1 unit, in parallel with the nation's industrialization policy. Thereafter, Korea has carried out a very ambitious nuclear power program and sustained a strong commitment to nuclear power development. Thus, nuclear is a prime energy source which presently meets about 30 percent of Korea's power demands. Also, Korea won a contract for APR-1400 NPPs to the UAE in 2009 which led to Korea as a significant exporter in the world nuclear market. Recently, the new government of Korea has been launching 'Creative Economy', from this perspective, the quantitative contributions of nuclear sector to the national economic growth are required to be estimated. This paper is to estimate quantitatively the economic values created by nuclear power industry in the framework of national economy. The total economic values created by nuclear power industry are estimated to be 63.6 trillion won for the study period.
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Estimating DSGE model parameters in a small open economy: Do real-time data matter?
Directory of Open Access Journals (Sweden)
Capek Jan
2015-03-01
Full Text Available This paper investigates the differences between parameters estimated using real-time and those estimated with revised data. The models used are New Keynesian DSGE models of the Czech, Polish, Hungarian, Swiss, and Swedish small open economies in interaction with the euro area. The paper also offers an analysis of data revisions of GDP growth and inflation and trend revisions of interest rates.
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DEFF Research Database (Denmark)
collaborative economy and tourism Dianne Dredge and Szilvia Gyimóthy PART I - Theoretical explorations 2.Definitions and mapping the landscape in the collaborative economy Szilvia Gyimóthy and Dianne Dredge 3.Business models of the collaborative economy Szilvia Gyimóthy 4.Responsibility and care...... and similar phenomena are among these collective innovations in tourism that are shaking the very bedrock of an industrial system that has been traditionally sustained along commercial value chains. To date there has been very little investigation of these trends, which have been inspired by, amongst other...... in the collaborative economy Dianne Dredge 5.Networked cultures in the collaborative economy Szilvia Gyimóthy 6.Policy and regulatory perspectives in the collaborative economy Dianne Dredge PART II - Disruptions, innovations and transformations 7.Regulating innovation in the collaborative economy: An examination...
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THE IMPORTANCE OF ECONOMIC PROMOTION FOR A SMALL OPEN ECONOMY – THE CASE OF SLOVENIA
DEJAN ROMIH
2014-01-01
This paper discusses the importance of economic promotion for Slovenia and certain other European countries affected by the current economic crisis. For a small open economy like Slovenia, economic promotion is particularly important for several reasons. One of them is its contribution to Slovenia’s overall economic performance (in terms of achieving certain economic goals such as reducing unemployment).
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Creative Industries in Ukraine: Analysis and Prospects of the Development
Directory of Open Access Journals (Sweden)
Iryna V. Skavronska
2017-06-01
Full Text Available This paper provides a snapshot of the role and importance of the creative industries for the Ukrainian economy. The economic dimension of the creative sector in Ukraine is becoming of higher interest for policy-makers taking into account its increasing contribution to international trade and great potential for further development. Correspondingly, this research is aimed at determining the importance and efficiency of the creative industries for the Ukrainian economy. The methodology of the study is founded on exploring the impact of the creative sector on an economic milieu in Ukraine. The paper proposes a strategy how the creative industries can transform Ukraine into a creative economy. This approach identifies four primary targets, which may result in economic, social, creative and cultural benefits, including keeping and development the creative talent, encouragement of the Ukrainian creative businesses, promoting “culture of openness,” and shaping the creative ecosystem. This study provides a unique and vital contribution to ongoing discussions about the significance of the creative industries for national economies highlighting the universalized assumptions concerning the position of this sector in the Ukrainian economy.
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Predictive performance of DSGE model for small open economy – the case study of Czech Republic
Directory of Open Access Journals (Sweden)
Tomáš Jeřábek
2013-01-01
Full Text Available Multivariate time series forecasting is applied in a wide range of economic activities related to regional competitiveness and is the basis of almost all macroeconomic analysis. From the point of view of political practice is appropriate to seek a model that reached a quality prediction performance for all the variables. As monitored variables were used GDP growth, inflation and interest rates. The paper focuses on performance prediction evaluation of the small open economy New Keynesian DSGE model for the Czech republic, where Bayesian method are used for their parameters estimation, against different types of Bayesian and naive random walk model. The performance of models is identified using historical dates including domestic economy and foreign economy, which is represented by countries of the Eurozone. The results indicate that the DSGE model generates estimates that are competitive with other models used in this paper.
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Environmental regulatory reform in Poland: lessons for industrializing economies
Energy Technology Data Exchange (ETDEWEB)
Brown, H.S.; Angel, D. [Clark University, Worcester, MA (USA). George Perkins Marsh Institute
2000-09-01
This paper examines the environmental regulatory reform in Poland during the 1990s and uses the findings to consider the extent to which elements of successful regulatory systems are transferable across national boundaries. Drawing on five case studies of privatized firms, a mailed questionnaire, and policy and institutional analysis, it investigates how Poland developed an effective system for managing industrial pollution while also achieving considerable socioeconomic progress. The fundamental legitimacy of the regulators and regulatory process, the availability of information about firms and regulatory intents, and the capacity for case-specific decision-making are among the key explanatory factors. The study also shows how in Poland a good 'fit' between regulatory institutions and policies on one hand and their social context on the other hand has evolved, and how it contributes to the effectiveness of the regulatory system. Industrializing economies can indeed simultaneously pursue environmental protection and socioeconomic welfare, but elements of a proven regulatory system cannot be automatically adopted among countries and cultures. Learning from each other's experience must be sensitive to the cultural and institutional context of each regulatory system. 42 refs., 3 figs., 1 tab.
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Introduction Of Techno-Economy
International Nuclear Information System (INIS)
Park, Woo Hui
2001-08-01
This book gives descriptions of science, technology and techno-economy, invention and science and technology in the Twenty-First century, theory and model of technological innovation, technology and economy technology and industry, technology and business, spread and transfer of technique, technology and international economy, science, technique and culture, science, technology and government, development of technology in Korea and developing countries, and conclusion on the past and the future of techno-economy.
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Directory of Open Access Journals (Sweden)
Orio Giarini
2016-10-01
Full Text Available In the first page of The Wealth of Nations, Adam Smith described an apparently trivial issue, the making of a pin. In his search for ways to effectively fight poverty, he formulated the basis for a new view of economy based on the Industrial Revolution. Two centuries later, the perspective he developed remains intact and is largely outdated. It does not reflect the radical shift from an industrial to a service economy, which occurred during the later half of the 20th century and prevails today. Insurance, a very important component of the modern service economy, was and has been ignored or dismissed by past and contemporary economists. Founded on the principle of uncertainty, insurance now provides the basis for valuable insights into the unique characteristics of the service economy. A rethinking of economics is needed from this perspective.
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Assessment of Concentration in the Economy of Ukraine
Directory of Open Access Journals (Sweden)
Khaustova Viktoriia Ye.
2017-09-01
Full Text Available The article is dedicated to the generalization of theoretical aspects of economic concentration and assessment of concentration in Ukraine’s economy. It is proved that in the world there is a stable trend towards the spread of concentration processes both at the level of economies in general and individual industries and business entities, and it occurs predominantly within TNCs. The main stages of the development of TNCs are considered, and it is shown that modern TNCs are large corporations that are the main players in the market. The genesis of the theory of concentration in economy is considered. The views of scientists on the interpretation of the concept “concentration” are studied. It is proved that it is used in different meanings and with respect to different levels of economy and objects of consideration, and there is a wide diversity of basic criteria that determine the essential signs of this concept. The interpretation of the concept “concentration of the country’s economy” is proposed. The existing approaches to assessment of concentration in economy are analyzed. The trends in the development of concentration processes in Ukraine’s economy and the factors that are determined by them are analyzed. There investigated the distribution of industries of Ukraine’s economy in terms of net income of the largest corporations, dynamics of net income of the largest corporations, dynamics of distribution of industries of Ukraine’s economy in terms of profits of large companies, dynamics of net profit of the largest corporations of the top 10 industries of Ukraine’s economy, dynamics of the GDP of Ukraine and main indicators of the largest national corporations. The concentration of Ukraine’s economy is assessed, and it is determined that the most highly concentrated spheres are production of electronics and computers, the automotive industry, media, production of personal goods and software, provision of business
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Factor substitution, and economies of scale and utilisation in Kuwait's crude oil industry
International Nuclear Information System (INIS)
Al-Mutairi, Naief; Burney, Nadeem A.
2002-01-01
The cost structure of the crude oil industry in Kuwait has been examined, with specific focus on factor substitution, and economies of scale and utilisation. This has been done by estimating translog cost functions, both long-run and short-run, using time-series data covering the period from 1976 to 1996. The results indicate that the implied production structure is non-homothetic, and the pattern of scale effect is labour saving, but capital and material using. The evidence also supports the presence of an induced exogenous technical change, which is non-neutral (labour and capital using, and material saving). The elasticity of substitution between capital and labour is positive, implying that the two inputs are substitute. The results also indicate the existence of diseconomies of scale in the production of crude oil, but no economies or diseconomies of utilisation
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OpenFOAM: Open source CFD in research and industry
Jasak, Hrvoje
2009-12-01
The current focus of development in industrial Computational Fluid Dynamics (CFD) is integration of CFD into Computer-Aided product development, geometrical optimisation, robust design and similar. On the other hand, in CFD research aims to extend the boundaries ofpractical engineering use in "non-traditional " areas. Requirements of computational flexibility and code integration are contradictory: a change of coding paradigm, with object orientation, library components, equation mimicking is proposed as a way forward. This paper describes OpenFOAM, a C++ object oriented library for Computational Continuum Mechanics (CCM) developed by the author. Efficient and flexible implementation of complex physical models is achieved by mimicking the form ofpartial differential equation in software, with code functionality provided in library form. Open Source deployment and development model allows the user to achieve desired versatility in physical modeling without the sacrifice of complex geometry support and execution efficiency.
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Opening Up Natural Resource Based Industries for Innovation (LAC ...
International Development Research Centre (IDRC) Digital Library (Canada)
Opening Up Natural Resource Based Industries for Innovation (LAC). Commodities based on natural resources account for at least half of the exports of two-thirds of the countries in Latin America and the Caribbean (LAC). There is growing concern, however, that existing natural resource-based industries are ...
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Government budget, public-sector wages and capital taxes in a small open economy
DEFF Research Database (Denmark)
Chao, C.C.; Yu, E. S. H.; Yu, Wusheng
This paper examines the welfare implications of adjustments in public-sector wages and capital tax rates for a small open economy in a general equilibrium setting. The individually and jointly optimal wage and tax policies are derived and interpreted. Facing reductions in land sales and falls...... in foreign interest rates, a cut in public workers’ pay is needed for making their wage comparable to the private sector and a hike in capital taxes is recommended for a budgetary consideration. Using a computable general equilibrium model for Hong Kong, we numerically evaluate the various optimal policies...
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Strategic Partnerships and Open Innovation in the Biotechnology Industry in Belgium
Directory of Open Access Journals (Sweden)
Jean-Pierre Segers
2013-04-01
Full Text Available Strategic partnerships in the biotechnology industry allow new technology-based firms to gain a foothold in this high-cost, high-risk industry. In this article, we examine the impact of strategic partnerships and open innovation on the success of new biotechnology firms in Belgium by developing multiple case studies of firms in regional biotechnology clusters. We find that, despite their small size and relative immaturity, new biotechnology firms are able to adopt innovative business models by providing R&D and services to larger firms and openly cooperating with them through open innovation.
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The strategic industrial sectors of the green economy: stakes and perspectives
International Nuclear Information System (INIS)
Albertini, Jean-Paul; Larrieu, Catherine; Griot, Alain
2013-03-01
Proposing a transverse analysis and a synthesis, the first part of this voluminous report discusses the evolution of the context since 2009 for the green industry sector, outlines and comments the development stakes for the different sectors, analyses and comments their main evolutions for the last three years, outlines the development potential and perspectives of these activities in France, and proposes an overview of strategic policies implemented in the field of green economy in different countries (USA, Germany, United Kingdom, Japan, China, South Korea). The second part addresses the evolution and perspectives of each sector: energy production from renewable sources (biofuels, biomass, marine energies, wind energy, geothermal energy, solar energy), optimization of natural energy consumption (building with low environmental impact, green chemistry, hydrogen and fuel cells, biomaterials, optimization of industrial processes, smart grids, energy storage, low-carbon vehicles), natural resource life cycle management (CO 2 capture and storage, water, purification and ecologic engineering, metrology and instrumentation, recycling and waste valorization)
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Directory of Open Access Journals (Sweden)
Alina-Petronela HALLER
2016-07-01
Full Text Available Emerging Economies from Central and Eastern Europe take steps to ensure growth through tourism. Although they do not have the cultural, historical and artistic potential of the most famous tourist destinations, these economies promote forms of tourism for which they have suitable conditions. For example, Hungary is famous for health tourism, Bulgaria has made progress in terms of coastal tourism and Romania tries to make known the rural area although it has all conditions for practicing a wide diversified range of tourism forms. In this paper we present statistics showing how the tourism industry looks for three Central and Eastern European countries and we do a brief comparative analysis.
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Kosintceva, Aleksandra
2016-01-01
This paper is dedicated to the sharing economy business models and their features responsible for internationalization. The study proposes derived definitions for the concepts of “sharing economy” and “business model” and first generic sharing economy business models typology. The typology was created through the qualitative analysis of secondary data on twenty sharing economy companies from nine different industries. The outlined categories of sharing economy business models a...
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Impact of Six Sigma in a developing economy: analysis on benefits drawn by Indian industries
Directory of Open Access Journals (Sweden)
Darshak A. Desai
2009-12-01
Full Text Available Overall operational excellence is the key requirement of any business to have global competence and sustained growth. Indian industries are not the exception to this. Six Sigma has emerged as one of the most effective business improvement strategies world wide. Nothing much has been published so far illustrating an overall experience of Indian industries with Six Sigma. This paper presents an analysis of the impact of Six Sigma on developing economy like India. The paper provides an insight into what kind of benefits Indian industries are gaining from Six Sigma as a whole. The study further highlights similarity and differences of benefit gained by different scales and sectors of Indian industries through Six Sigma. This exhaustive analysis of the benefits drawn by Indian industries through Six Sigma can assist other industries in India as well as those in other developing countries, who have yet not experimented with Six Sigma, to become more focused regarding their expectations from this improvement drive.
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OpenFOAM: Open source CFD in research and industry
Directory of Open Access Journals (Sweden)
Hrvoje Jasak
2009-12-01
Full Text Available The current focus of development in industrial Computational Fluid Dynamics (CFD is integration of CFD into Computer-Aided product development, geometrical optimisation, robust design and similar. On the other hand, in CFD research aims to extend the boundaries of practical engineering use in “non-traditional” areas. Requirements of computational flexibility and code integration are contradictory: a change of coding paradigm, with object orientation, library components, equation mimicking is proposed as a way forward. This paper describes OpenFOAM, a C++ object oriented library for Computational Continuum Mechanics (CCM developed by the author. Efficient and flexible implementation of complex physical models is achieved by mimicking the form of partial differential equation in software, with code functionality provided in library form. Open Source deployment and development model allows the user to achieve desired versatility in physical modeling without the sacrifice of complex geometry support and execution efficiency.
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How Open Source Has Changed the Software Industry: Perspectives from Open Source Entrepreneurs
Lindman, Juho; Rajala, Risto
2012-01-01
The emergence of F/LOSS (free/libre open source software) has triggered several changes in the software industry. F/LOSS has been cited as an archetypal form of open innovation; it consists of the convergence and collaboration of like-minded parties. An increasing number of software firms have taken upon this approach to link outsiders into their service development and product design. Also, software firms have been increasingly grounded their business models on user-centric and service-orien...
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Business management practices in the power industry: Decision making in a market economy
Energy Technology Data Exchange (ETDEWEB)
Brown, J.H. [Fieldstone Private Capital Group, New York, NY (United States); Rosel, V. [Fieldstone Private Capital Group, Prague (Czechoslovakia)
1995-12-01
Management of a free market power industry, or managing the transition from a planned economy to a free market one, is driven by a fundamental economic premise - it is unrealistic (and economically unsound) to try to shelter end users (manufacturers or otherwise) from the true cost of energy: (i) energy prices are a function of fuel inputs (ii) fuel inputs are world priced (iii) end users must pay prices based on true costs Trying to counter any of these dictates will cause economic inefficiencies and misallocations. Managers of energy production in a free market economy must therefore learn to acquire data, and learn to extrapolate. As information is never complete, or perfect, managers must learn to consider contingencies, alternatives and options. In a free market economy, the decision to build a power facility is not controlled simply by the recognition of a perceived need for more power in an area. Because survival in a free market economy requires making a profit, as part for the decision process managers must: (i) talk to their customers to determine power needs into the future (ii) talk to their input suppliers, and arrange contracts (iii) make sure that there is a spread between cost and revenue As stated this is a simple recipe, but is difficult in practice. To perform any forecasting, managers must acquire control over cost, so as to have a base from which to judge the continued profitability or potential profitability, of any current activity or future ventures. It should be noted that planning for the future is difficult at any time but even more so when moving through an era where in the entire economy is undergoing systemic changes. Historic customer base, and historic supply arrangements, may not mean much. Therefore, managers must keep acquiring information, and updating forecasts.
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The Functioning of the Fiscal and Social Security Systems in a Digital Economy
Directory of Open Access Journals (Sweden)
Andrei DUMITRESCU
2008-01-01
Full Text Available The recent developments in the ICT sector have opened the way to transforming the industrial economy into a digital - based one. The present paper offers a perspective on the impact of the new informational technologies on the society in general and on the organization and functioning of the fiscal and social security systems in Romania in particular.
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Digital economy, Websites and SMEs of the handicraft industry in Peru
Directory of Open Access Journals (Sweden)
Franklin Duarte Cueva
2010-06-01
Full Text Available The companies are operating in complex, dynamic and uncertain environments that it difficult to compete. The e-economy each time has a major presence in business world, then, the small entrepreneurs must design strategies based on Information and Communication Technologies (ICTs, particularly the use of Internet, to improve company performance. Thus, the efficient implementation of websites is a mechanism that should exploit exporting small and medium-sized enterprises (SMEs or with export potential, of the handicrafts industry, to communicate desired company image and optimize customer service, this it has implications who require to be analyzed to make an effective use of the ICTs.
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Statistical Physics of Economic Systems: a Survey for Open Economies
Tao, Yong; Chen, Xun
2012-05-01
We extend the theoretical framework of an independent economy developed by Tao [Phys. Rev. E 82 (2010) 036118] so as to include multiple economies. Since the starting point of our framework is on the basis of the theory of the competitive markets of traditional economics, this framework shall be suitable for any free market. Our study shows that integration of world economies can decrease trade friction among economic systems, but may also cause a global economic crisis whenever economy disequilibrium occurs in any one of these economic systems.
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Paula Hernandez-Verme
2009-01-01
I compare the relative merits of a policy of inflation targeting for small open economies with frictions in financial markets with an alternative floating regime that has a constant rate of domestic money growth. The differences between these two policies appear only in the dynamic properties of equilibria with credit rationing. When the probability of loan repayment is low, inflation targeting eliminates endogenous volatility when compared with a constant money growth, but equilibria remain ...
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Directory of Open Access Journals (Sweden)
Bondarenko Tetiana M.
2016-11-01
Full Text Available The issue of collaboration between science, industry and state is of relevance in domestic and international practice. In leading countries of the world and in Ukraine compatible production and scientific complexes are created; collaboration between research institutions and state is established, in particular the theory and practice of collaboration between science, industry and state on the basis of Triple Helix Model is widespread in the world; in scientific papers objects of research of economic processes, subjects of research of the economic theory are considered. However, there are no works where the objects and tasks of economic researches are studied on the basis of macroeconomic environment, and a distinct principle to distinguish research objects relating to different economies and types of production is laid out; scientific and practical problems of economy in the field of collaboration between state, science and industry are clearly defined. According to the purpose of the article (to specify scientific and practical tasks to rationalize scientific research, the experience gained is systematized and a scheme-matrix of scientific and practical problems is proposed. In scientific practice there are works highlighting principles of scientific research work, research tasks in the field of economy, scientific problems of economy but there are no works considering both principles and tasks of collaboration of academic economists with state and industry in order to provide scientists with recommendations on optimization of economic processes to improve the economic efficiency. Taking into account the experience gained, principles of collaboration of academic economists with the state and industry are identified. On the basis of the developed matrix of scientific and practical tasks, the principle of impact of political factors on managerial levers, the level of Gross Domestic Product and Gross Social Product is demonstrated.
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Prins, M.; Mohammadi, S.; Slob, N.
2015-01-01
Recently the Circular Economy (CE) concept has gained momentum in the Netherlands, propounding that environmental impact reduction can provide a significant positive economical impulse. The government, larger parts of the industry as a whole, as well as the construction industry, has warmly received
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Market structure and competition in the healthcare industry : Results from a transition economy.
Lábaj, Martin; Silanič, Peter; Weiss, Christoph; Yontcheva, Biliana
2018-02-14
The present paper provides first empirical evidence on the relationship between market size and the number of firms in the healthcare industry for a transition economy. We estimate market-size thresholds required to support different numbers of suppliers (firms) for three occupations in the healthcare industry in a large number of distinct geographic markets in Slovakia, taking into account the spatial interaction between local markets. The empirical analysis is carried out for three time periods (1995, 2001 and 2010) which characterise different stages of the transition process. Our results suggest that the relationship between market size and the number of firms differs both across industries and across periods. In particular, we find that pharmacies, as the only completely liberalised market in our dataset, experience the largest change in competitive behaviour during the transition process. Furthermore, we find evidence for correlation in entry decisions across administrative borders, suggesting that future market analysis should aim to capture these regional effects.
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International Nuclear Information System (INIS)
Joo, Julien
1982-01-01
This document focus on Niger Republic mineral industries related points that are: socio-political and economical context; specific characters such as administrative, juridical and fiscal environment; citizens employment and training; actual situation and energy projects; transport; existing mining companies, construction materials enterprises and projects presentation; effect of mining sector and construction material on national economy and prior major problems to be solved [fr
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International Nuclear Information System (INIS)
Anon.
1996-01-01
The direct, indirect and overall impacts of the upstream oil and gas industry on the Canadian economy and the impact of increased taxation on the industry and the overall economy was assessed. The industry's value of production in 1995 was $25 billion, two-thirds of which were exports that contributed to Canada's trade surplus. In the same year, the industry also spent more than $10 billion in exploration and development. About five per cent of Canadian gross domestic product (GDP) and three per cent of national employment can be traced to the upstream oil and gas industry, therefore, increased taxation on the industry would have significant impacts on overall economic activity. For the purposes of this analysis, three assumptions were made: (1) a one-time $100 million tax increase on the industry, (2) the tax revenue to go toward government debt reduction, and (3) the reduction in industry net revenue to produce an investment impact equal with the average behaviour of the industry in recent years. Given these factors, it was concluded that a one-time $100 million tax increase could reduce national GDP by $250 million and employment by 3000 jobs. The balance of payments impact would be about -$75 million. Once factors related to expectations and capital mobility have been factored in, the negative macroeconomic impacts could be even greater. 6 tabs., 24 figs
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DEFF Research Database (Denmark)
Avital, Michel; Carroll, John M.; Hjalmarsson, Anders
2015-01-01
The sharing economy is spreading rapidly worldwide in a number of industries and markets. The disruptive nature of this phenomenon has drawn mixed responses ranging from active conflict to adoption and assimilation. Yet, in spite of the growing attention to the sharing economy, we still do not know...... much about it. With the abundant enthusiasm about the benefits that the sharing economy can unleash and the weekly reminders about its dark side, further examination is required to determine the potential of the sharing economy while mitigating its undesirable side effects. The panel will join...... the ongoing debate about the sharing economy and contribute to the discourse with insights about how digital technologies are critical in shaping this turbulent ecosystem. Furthermore, we will define an agenda for future research on the sharing economy as it becomes part of the mainstream society as well...
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International Nuclear Information System (INIS)
Machado, G.V.; Schaeffer, R.
1997-01-01
This study examines the integration of the Brazilian economy in the global economy as a determining factor for the energy efficiency of its industry. Depending upon the profile of a country's exports (i.e., depending upon the share of energy-intensive exports out of total exports), different quantities of energy are required to produce the country's exported goods, which may counterbalance efforts made elsewhere to improve the overall energy efficiency of the country's industry. Different scenarios for the energy embodied in the industrial exports of Brazil are considered for the period 1995--2015. These scenarios are a combination of different shares of energy-intensive goods in the total exports of the country with different assumptions for gains obtained in industrial energy efficiency over time. For all scenarios the same fundamental hypothesis of liberalization of commerce and economic growth are assumed. Results for the year 2015 show that the total energy embodied in industrial exports varies from 1,413 PJ to 2,491 PJ, and the total industrial use of energy varies from 3,858 PJ to 6,153 PJ, depending upon the assumptions made. This is equivalent to an average industrial energy intensity variation ranging from 13.8 MJ to 22.0 MJ per US$-1985. The authors conclude that any policy aimed at improving Brazil's overall industrial energy efficiency should concentrate not only on the reduction of the energy intensity of particular industrial sectors, but also (and, perhaps, more importantly) on rethinking the very strategy for the integration of the country's economy in the global market in the future, with respect to the share of energy-intensive goods out of total exports. The focus is not incidental, for the ongoing structural changes in Brazilian exports alone may come to offset any efficiency improvements achieved by the national industry as a whole
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Opportunities for a bio-based economy in the Netherlands
International Nuclear Information System (INIS)
Sanders, J.; Hoeven, D. van der
2008-01-01
The shift to a bio-based economy for the Netherlands is not only required because of climate change, but also for industrial strategy reasons. Traditional strongholds of the Dutch economy like the Rotterdam harbour, the agricultural sector (including the greenhouse sector, and food and feed industries) and the petrochemical industry will be affected by the new economic realities, and it is precisely to these sectors that a bio-based economy will offer new opportunities. (author)
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A framework for studying the importance of open innovation in the maritime industry
DEFF Research Database (Denmark)
Perunovic, Zoran; Vidic-Perunovic, Jelena
The industry leaders require from maritime organizations to open up their innovation processes. The question is if the industry is ready for that? In this paper we theorize about that possibility and develop a framework for studying the importance and relevance of open innovation for the maritime...
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Directory of Open Access Journals (Sweden)
Yongseung Jung
2011-09-01
Full Text Available This paper first shows an empirical result of VAR that Korean economy has experienced a severe economic contraction to an exogenous country spread shock. To analyze the effect of alternative monetary policy on the economy, the paper sets up a multi-sector small open economy new Keynesian (NK hereafter model with financial frictions due to asymmetric information between firms and financial intermediaries along the line of Bernanke et al. (1999. It shows that the small economy with financial frictions is more vulnerable to the exogenous shocks such as the foreign exchange rate shock under the fixed exchange rate regime than under the flexible exchange regime. It also shows that the interest rate rule that responds to financial market conditions is better than any other interest rate rules only if it does not react to the exchange rate fluctuations. Moreover, an interest rate rule that responds to the exchange rate fluctuations, i.e. the monetary policy under the managed floating exchange rate regime is inferior to the monetary policy rules that do not respond to the exchange rate fluctuations. Finally, it shows that the monetary authority needs to stabilize a narrow price index such as domestic price index rather than a general price index such as consumer price index under the financial friction circumstances.
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Questions and Countermeasures on Developing General Aviation Industry in China
Directory of Open Access Journals (Sweden)
Zhu Yongming
2017-01-01
Full Text Available China’s general aviation industry has exposed many problems with the low-altitude airspace expanding openness. General aviation is an important part of national economy and defence forces, the development of general aviation has a practical and far-reaching significance. By analysing the China’s current general aviation industry, combined with the importance of the development of general aviation, propose some countermeasures and suggestions for the development of China’s general aviation industry.
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2013-11-18
... documents may also be downloaded from the Commission Web site at http://www.usitc.gov/research_and_analysis...) Description of respondents: Companies in industries particularly affected by Indian trade, investment, or.... trade and investment and estimates the effects these barriers have on the U.S. economy and U.S. jobs...
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Investing in gas industry in economies in transition
International Nuclear Information System (INIS)
Prins, J.
1996-01-01
Financing of energy projects in Central and Eastern Europe is meant for markets in transition which induces the financing concepts of the projects and preconditions international funding. The basic conditions to be fulfilled in transition from command economy to market economy are liberalisation and privatisation of energy markets. Preconditions include: prices and tariff at market; regulatory environment supporting independent projects and local capital markets
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Chances for a circular economy in the Netherlands; Kansen voor de circulaire economie in Nederland
Energy Technology Data Exchange (ETDEWEB)
Bastein, T.; Roelofs, E.; Rietveld, E.; Hoogendoorn, A.
2013-06-15
The concept of circular economy is an economic and industrial system that focuses on the reusability of products and raw materials, reduces value destruction in the overall system and aims at value creation within each tier of the system. In this report the (economic) opportunities are quantified as much as possible, and impacts on employment and the environmental are addressed. The study focuses specifically on the Dutch economy. The analysis starts by means of two detailed case studies: the use of biomass wastes and the circular economy that may arise in the metal-electronics industry [Dutch] Het begrip 'circulaire economie' is een economisch en industrieel systeem dat zich richt op de herbruikbaarheid van producten en grondstoffen, waarde vernietiging in het totale systeem minimaliseert en waarde creatie in iedere schakel van het systeem nastreeft. In dit rapport worden de (economische) kansen zoveel mogelijk gekwantificeerd, waarbij effecten op werkgelegenheid en milieudruk aan bod komen. De studie richt zich nadrukkelijk op de gehele Nederlandse economie. De analyse start aan de hand van twee gedetailleerde case studies: de benutting van reststromen uit biomassa en de circulaire economie die kan ontstaan t.b.v. producten uit de metaalelektro-sector.
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Environmental pollution as engine of industrialization
Antoci, Angelo; Galeotti, Marcello; Sordi, Serena
2018-05-01
This paper analyzes the dynamics of a small open economy with two sectors (a farming sector and an industrial one), heterogeneous agents (workers and entrepreneurs) and free inter-sectoral labor mobility. Labor productivity in the first sector is negatively affected by environmental pollution generated by both sectors, whereas in the second sector it is positively affected by physical capital accumulated by entrepreneurs. Through a global analysis of the non-linear three-dimensional dynamic system of the model we derive conditions under which industrialization generates a decline in workers' revenues in both sectors.
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Advertising and concentration in the brewing industry
DEFF Research Database (Denmark)
Madsen, Erik Strøjer; Wu, Yanqing
The opening of the markets in East Asia and Eastern Europe in the 1990s changed the structure of the beer markets and in the following years a large wave of mergers and acquisitions took place. The paper tracks the development in industry concentrations from 2002 to 2012, discusses some of the main...... drivers behind this development and points to economies of scale in advertising as a main pay-off from mergers and acquisitions. Using firm-level data both from the American market and the world market, the estimations verify significant economies of scale in marketing and distribution costs. Based...
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INCUBATORS AND GOVERNMENT POLICY FOR DEVELOPING IT INDUSTRY AND REGION IN EMERGING ECONOMIES
Directory of Open Access Journals (Sweden)
Nur Atiqah Abdullah
2012-01-01
Full Text Available Incubation, a concept supported by a variety of economic cluster theories, is a vital element in economic development in developed countries. The entrepreneurial businesses that they house often improve the developed economies in terms of not only jobs but also wealth creation. The question that this article embraces is as follows: "Do incubators play the same vital role in economic development in developing regions of the world?" We use the case study methodology to develop this query in a focus area of regional development in an emerging economy. We examine the implementation of three incubators located in designated cybercities. The cybercity concept is one of the Malaysian government's initiatives to encourage the development of the IT industry within the Multimedia Super Corridor (MSC Program. This study takes advantage of the 10-year development of cybercities by performing a longitudinal study. We found that these incubators did well in achieving their initial performance objectives, but they need to catch up with developed countries' continued rapid progress.
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Directory of Open Access Journals (Sweden)
Dallas Brozik
2007-05-01
Full Text Available This study’s objective is to examine the nature of tourism and hospitality family businesses that operate in the transitional Polish economy and to analyze the environment for development and growth of these entrepreneurial firms in the reformingeconomy. In order to evaluate and compare firms’ development relative to selected external environmental factors affecting entrepreneurial operations, on-site surveys and personal interviews were conducted with Polish entrepreneurs who own and operate family businesses within tourism and hospitality industry. Theenvironmental conditions are grouped into four external nvironmental factors: political and legal environment, financial environment, non-financial environment, and socio-economic environment, and analyzed based on Kazanjian’s (1988 and Gnyawali and Fogel’s models (1994. The paper also analyzes the competencies ofthe owners of the entrepreneurial firms that are important for the firm’s success throughout the firm’s life cycle. Based on this study results, policy implications are made for assisting the tourism and hospitality firms’ growth and development in transitional economy
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Tor Jakob Klette; Svein Erik Førre
1995-01-01
It is often claimed that the opportunities to create new manufacturing jobs in open, high-cost economies such as Norway, are concentrated in products which are technologically advanced and knowledge intensive. This paper examines the relationship between job creation and innovation, as measured by R&D investments, in Norwegian manufacturing. We compare job creation in plants belonging to R&D firms to plants belonging to firms without R&D. We also compare job creation in plants belonging to hi...
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The Problem Of Reindustrialization Of The World Economy
Directory of Open Access Journals (Sweden)
A. N. Zakharov
2018-01-01
Full Text Available The article looks into the most important aspects of the world economy reindustrialization, examines strategies for reindustrialization of the USA, Canada, and Australia. The correlation between the world trend, namely the transition to the digital economy, and the process of reindustrialization within the framework of the Fourth Industrial Revolution is considered. On the basis of comparison and analysis of expert evaluations, statistical data by sectors of industrial production of the USA and Canada it is shown that the absolute advantage of Canada when carrying out the re-industrialization of the economy is skilled labor, specialists with secondary education. The study confirms the fact that amid the reindustrialization on the verge of the Fourth industrial revolution, the availability of skilled labor is a necessary condition for the competitiveness of the state. The Russian Federation faces the situation when conducting the re-industrialization is complicated by adverse international economic and political environment (policy of sanctions against Russia. It is revealed that for the Russian Federation the reindustrialization of the economy shall combine the active modernization of the existing production capacity, while shaping new industries on the basis of technologies of the sixth technology wave. The comparative analysis outlined that under the circumstances the drivers of the new industrialization should be science-based industries, with the latest technologies and the largest number of highly skilled personnel concentrating there.
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DEFF Research Database (Denmark)
Kroløkke, Charlotte; Dickinson, Elizabeth; Foss, Karen A.
2018-01-01
This article examines the human placenta not only as a scientific, medical and biological entity but as a consumer bio-product. In the emergent placenta economy, the human placenta is exchanged and gains potentiality as food, medicine and cosmetics. Drawing on empirical research from the United......, in the emergent bio-economy, the dichotomy between the inner and the outer body is deconstructed, while the placenta gains clinical and industrial as well as affective value....
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Directory of Open Access Journals (Sweden)
Elena Кlymenko
2017-09-01
Full Text Available The purpose of the article is to study the state of the regional industrial complex of the old industrial region of the East of Ukraine, which suffered as a result of the military-political conflict that began in 2014. One of the objectives of the study is to analyse the process of destroying the foundations of the regional economy, as well as to assess the significance of the loss of Donbas industries for the stable socio-economic development of all regions of Ukraine. Methodology. The method of analysis made it possible to study the process of destruction of industrial enterprises in the basic sectors of the regional economy of Donbas since the beginning of the military-political conflict. The author defined the schemes of the operation of a part of enterprises operating in the temporarily occupied territory of the East of Ukraine, who, becoming hostages to the situation, were forced to cooperate with representatives of the illegal authorities of the unrecognized republics to preserve production. Result. The statistical method is used to analyse the financial and economic performance of industrial enterprises, with the purpose of assessing their role in the state economy of the country as a whole. The method of system analysis allowed the author to estimate the damage caused by the loss in the state economy of coal supplies, which was previously mined in the mines of Donbas. Thus, the fact of a decrease in industrial production in the east of the country was argued, which led to a significant drop in Ukraine’s exports in general in such areas as supplies of ferrous metals, engineering products, and non-ferrous metallurgy. Practical implication. The author analysed the facts of loss, as a result of dismantling and export of equipment, strategically important enterprises of the militaryindustrial complex of the country. The article reflects the problem of the growing ecological danger that has arisen as a result of the lack of control over the
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Directory of Open Access Journals (Sweden)
Tajul Ariffin Syazwana
2017-01-01
Full Text Available Industrialized Building System (IBS is a potential technology to improve productivity of construction industry. Controlled production and minimum generation of construction waste are some of the benefits that can be achieved by replacing conventional construction with IBS. In business, IBS is giving a huge opportunity for manufacturer and supplier to expand their business while contributing to construction development. However, bad strategies will put the company in high risk due to higher initial capital for machines and equipment. Therefore, strategic planning for company’s growth, profit maximization, and enhancement of productivity is undeniable to ensure the success of business in construction industry. This preliminary paper is exploring associated factors that affect Economy of Scale (EOS and their relationships in catalyzing the IBS manufacturer especially precast concrete as the scope of study to continue their business in the construction industry. Thus, a framework of EOS is proposed to assist IBS manufacturers to ensure their company’s growth and stability, competitiveness in term of monopoly or an oligopoly, increasing productivity, leading constant returns to scale, and finally increasing the firm’s efficiency. The refined EOS’s conceptual framework is an important turning point to support the development of decision making tools for IBS manufacturer towards their stability and survival in this highly competitive industry.
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Essays in Open Economy Monetary Policy
Castro, Pedro
2012-01-01
International economic integration has risen during the last decades and the interdependence between each economy and the rest of the world has become central for policy decisions. My dissertation contributes to the debate about the conduct of monetary policy in a financially integrated world. In the first chapter of the dissertation I discuss the relationship between domestic policies and the currency denomination of foreign debt. Foreign debt is a double-edged sword. It allows countries to ...
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Blockchain - an Innovation Technology of the Post-Industrial Economy
Directory of Open Access Journals (Sweden)
Arkhireiska Natalia V.
2017-07-01
Full Text Available The article is aimed at studying the innovation technology of the post-industrial economy - blockchain. It has been found that blockchain is a multifunctional and multi-level information technology designed to reliably account for different assets. It has been proved that the most important today is blockchain for Bitcoin. The article explores the opportunities, prospects and risks associated with investment in cryptocurrency. It has been determined that the main advantages of investment in Bitcoins are: steadily growing rate, confidence in currency, liquidity, anonymity, decentralization. However, there are significant downsides, such as: scaling problem, uncertainty about the status of the cryptocurrency on the part of the State, and excessive processing time for payments (approximately 10 minutes. It has been proved that the main benefits of Blockchain 1.0 and 2.0 are economic efficiency and cost savings through the use of decentralized network models, which do not require trust in a single transactional center, while Blockchain 3.0 is a freedom that will enable blockchain technology to implement solutions that are not related to monetary turnover and market transactions.
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Productivity and Openness: Firm Level Evidence in Brazilian Manufacturing Industries
Wenjun Liu; Shoji Nishijima
2012-01-01
This study investigates the productivity of Brazilian manufacturing industries, particularly addressing the influence of liberalization on productivity. We first calculate total factor productivity (TFP) by estimating the stochastic frontier production function and the inefficiency determination equation simultaneously. Then TFP growth rates are regressed on openness-related variables and other firm characteristics. The results show that firm openness to the world is a crucial determinant of ...
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China Mobile Phone Industry CEO Annual Meeting Opening in November
Institute of Scientific and Technical Information of China (English)
无
2006-01-01
@@ 2006 China Mobile Phone Industry CEO Annual Meeting (www.cmqc.org.cn) will open at Beijing State Guest Hotel On November 1. By that time, over 300 CEO will gather there to contend about the theme of this annual meeting "The World Competitiveness of China Mobile Industry Right Territory", view the unforgettable evening of "2006 Wisdom Sharing Brainstorming, 2007 Perspective Plan Hand in Hand".
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The solar energy based global economy. A policy leading to the ecological era
International Nuclear Information System (INIS)
Scheer, H.
1999-01-01
Bound in its fossil energy and raw materials supply chains, the global economy is heading for a global ecological crisis and dramatically aggravating conflicts. Moreover, this exclusive dependence on fossil energy and materials resources forces a global concentration process increasingly undermining democratic and free market systems. But the will to survive is not the only reason to consider a new industrial revolution to be imperative. Such a sweeping change, from a fossil energy based regime to a system relying exclusively on renewable energy sources and raw materials, would open up unique opportunities for the evolution of a peaceful and democratic global economy fostering the development of superior technologies and sustainable regional economic systems. The author of the book elaborates the scenario permitting such a radical change, and explains the necessary basic approaches and appropriate policies relating to technology, the economy, ecology, and the social system. The ultimate goal is that the evolution of the solar energy based global economy will be accompanied by an intrinsic economic driving force eventually leading to an ecological era. (orig./CB) [de
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Industrial peat utilization and its importance to the Irish economy
International Nuclear Information System (INIS)
Bradley, Thomas
1995-01-01
Over the centuries peat has been used as a valuable source of fuel for domestic heating and cooking. In contrast to earlier times when all peat extraction and harvesting was carried out by hand, peat production in Ireland to-day has become a highly mechanised, large scale commercial industry, making a significant contribution to the Irish economy. Bord na Mona, the state agency assigned the responsibility for peatland development in Ireland, has developed 88,000 hectares of Ireland's 1.2 million hectares of peatlands. Over 5.2 million tonnes of fuel peat are currently sold each year for electricity generation and for the manufacture of peat briquettes for heating installations. With the introduction of a new 120 MW peat fired power station, the overall sales for fuel peat will be increased by 1.0 million tonnes per annum. On the horticultural front, Bord na Mona produces and sells over 1.5 million cubic metres of horticultural peat products to the domestic and international markets. (author)
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Directory of Open Access Journals (Sweden)
Angus C.H. Kuok
2017-04-01
Full Text Available This study examined 290 full-time employees among non-gaming industries at Macau, where the economy was mainly dominated by the revenue from casinos. It clarified that work satisfaction was fairly low for employees in non-gaming industries, and dissonance was generated due to the discrepancy between employees´ work satisfaction and affective commitment. Organizational variables - management ethics and distributive justice -, a socio-emotional variable - family emotional support -, as well as personality variables - conscientiousness and neuroticism - were assessed in relation to work satisfaction and affective commitment. Regressions found distributive justice to be the most powerful and positive predictor that, together with management ethics and family emotional support, were the positive predictors of both work satisfaction and affective commitment. In addition, conscientiousness was a positive predictor, while neuroticism was a negative predictor of work satisfaction. Results were interpreted in relation to management, and implications for human resource management practice in non-gaming industries were discussed.
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The collaborative Economy and Tourism
DEFF Research Database (Denmark)
Dredge, Dianne; Gyimóthy, Szilvia
2015-01-01
House swapping, ridesharing, voluntourism, couchsurfing, dinner hosting and similar innovations epitomize the collaborative economy. The rise of the collaborative economy, also known as collaborative consumption, the sharing economy and peer-to-peer consumption, has been fuelled by a range of soc...... for a balanced assessment of such claims. Highlighting these claims allows us to pursue a more reflective research agenda and leads to a more informed, evidence-based assessment of the collaborative economy and tourism.......House swapping, ridesharing, voluntourism, couchsurfing, dinner hosting and similar innovations epitomize the collaborative economy. The rise of the collaborative economy, also known as collaborative consumption, the sharing economy and peer-to-peer consumption, has been fuelled by a range...... experiences; and higher levels of consumer risk-taking balanced against mechanisms such as peer-to-peer feedback designed to engender trust between producers and consumers. This paper explores and critically assesses the collaborative economy and its implications for tourism industrial systems. It achieves...
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Changes in Global Economy Influencing the Maritime Industry
Directory of Open Access Journals (Sweden)
Grama Izabella Gilda
2013-08-01
Full Text Available The world economic situation has brightened in 2010. However, multiple risks threaten to undermine the prospects of a sustained recovery and a stable world economy – including sovereign debt problems in many developed regions, and fiscal austerity. These risks are further magnified by the extraordinary shocks that have occurred in 2011, which have included natural disasters and political unrest, as well as rising and volatile energy and commodity prices. Given that for shipping, all stands and falls with worldwide macroeconomic conditions, the developments in world seaborne trade mirrored the performance of the wider economy. After contracting in 2009, international shipping experienced an upswing in demand in 2010, and recorded a positive turnaround in seaborne trade volumes especially in the dry bulk and container trade segments. However, the outlook remains fragile, as seaborne trade is subject to the same uncertainties and shocks that face the world economy. This paper highlights some developments that are currently affecting maritime transport and have the potential to deeply reshape the landscape of international shipping and seaborne trade.
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Institutional Framework of Income Inequality in Modern Economy
Directory of Open Access Journals (Sweden)
Malkina Marina, Yu.
2016-03-01
Full Text Available The subject of this paper is interpersonal income inequality in Russia and in the world and its institutional framework. On the basis of in-depth analysis of the literature we explore the causes and consequences of inequality and its relationship with economic development. We distinguish four basic causes of income inequality: natural and acquired features of people; status differences and their limitations; differences in productivity and development peculiarities in various industries; uneven distribution of accumulated property, as well as the return on assets in dynamics and assets assessment characteristics. By means of the calculation of a number of generalizing measures (coefficient of variation, Gini, Hoover, Theil, Theil-Bernoulli and Atkinson indexes for the Russian economy we revealed a positive relationship between the average level of wages in industries and its intra-differentiation, which is more typical for the private sector of the economy. At the same time it has been found convergence in salaries differentiation in the public sector of the Russian economy to salaries differentiation in the private sector, while there is not confirmed any correlation between wage level and intra-wage differences in the public sector industries. It enabled us to conclude about the deterioration of the institutional environment in the public sector. In the second part of our paper we compared two approaches to the role of institutional environment in inequality: the approach of T. Piketty (according to which rising inequality is the result of market laws and market institutions in general, and the approach of D. Acemoglu and others (inequality is due to the bad quality of institutions, which is formed largely endogenously in a particular environment. Bending over to the second point of view, we analyzed the relationship between inequality and interdependence of political and economic institutions. In particular, we examined the impact of the
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Project-based knowledge in organizing open innovation
Comacchio, Anna; Pizzi, Claudio
2014-01-01
Enriching understanding of the current theoretical debate on project-based open innovation, ‘Project-based Knowledge in Organizing Open Innovation’ draws on innovation management literature and knowledge-based perspectives to investigate the relationship between knowledge development at project level and the strategic organization of open innovation. Addressing the still open issue of how the firm level should be complemented by studies at the project level of analysis, this book provides theoretical and empirical arguments on the advantages of a more fine-grained level of analysis to understand how firms organize their innovation processes across boundaries. The book also addresses the emerging interest in the management literature on project-based organizations, and on the relevance of project forms of organizing in a knowledge-based economy. Through field research in different industrial settings , this book provides empirical evidence on how firms design open innovation project-by-project and it will ...
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Opening of the French gas market
International Nuclear Information System (INIS)
Syrota, J.
2002-01-01
A report on the opening of the French gas market has been established, on the request of both the French minister of economy, finances and industry and the state secretary of industry, as expressed in their respective letters addressed to the president of the commission of electric power regulation (CRE). This report follows the step report on the opening of the French gas market published on January 15, 2002. It presents a status of the French gas market since August 2000, date of the enforcement of the European Union directive 98/30/CE, and expresses some recommendations about the main questions that should fall into the field of the future gas regulation. This report was elaborated before the project of law relative to the energy markets and published on October 24, 2002. These recommendations will have to be adapted to the dispositions of the law. This article presents some excerpts of the synthesis report. (J.S.)
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Directory of Open Access Journals (Sweden)
Florina Oana Virlanuta
2015-05-01
Full Text Available The social economy combines profitability with social inclusion. Social innovation is the first step in the creation of a social enterprise. Social economy development is a process underway, innovative in terms of relating the individual to the production processes, the concept of citizenship, production areas and modalities. The concern for sustainable development, analysis of economic and financial crisis, the issue of the relationship between the individual and the production process open up many opportunities for development that can influence public policies on employment and social cohesion.
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Teaching Applied Macro in Emergent Economies: Lessons from Bahrain
Miller, Michael S.; Epstein, Seth
2013-01-01
In this article we explore the challenges of adapting a standard introductory MBA course in applied macroeconomics to a student audience in a small open economy with a pegged currency. Our focus will be on the Kingdom of Bahrain, with reference to other countries in the Arabian Gulf region, where one would expect to use an open-economy theoretical…
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Intergenerational redistribution in a small open economy with endogenous fertility.
Kolmar, M
1997-08-01
The literature comparing fully funded (FF) and pay-as-you-go (PAYG) financed public pension systems in small, open economies stresses the importance of the Aaron condition as an empirical measure to decide which system can be expected to lead to a higher long-run welfare. A country with a PAYG system has a higher level of utility than a country with a FF system if the growth rate of total wage income exceeds the interest rate. Endogenizing population growth makes one determinant of the growth rate of wage incomes endogenous. The author demonstrates why the Aaron condition ceases to be a good indicator in this case. For PAYG-financed pension systems, claims can be calculated according to individual contributions or the number of children in a family. Analysis determined that for both structural determinants there is no interior solution of the problem of intergenerational utility maximization. Pure systems are therefore always welfare maximizing. Moreover, children-related pension claims induce a fiscal externality which tends to be positive. The determination of the optimal contribution rate shows that the Aaron condition is generally a misleading indicator for the comparison of FF and PAYG-financed pension systems.
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FDI from Emerging Economies in EU27
DEFF Research Database (Denmark)
Jindra, Björn
This paper scrutinizes FDI from a wide range of emerging economies (including newly industrializing Asian countries, Latin American countries and East European transition economies) that adopted different growth models in the past. The overarching research question of this paper is to which...... the integration of firms from different emerging economies via FDI into the global economy is linked to technological upgrading. We assume that technology seeking in advanced economies should be reflected in the relevance of particular location factors such as knowledge spillover. We analyses a large firm level...
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Directory of Open Access Journals (Sweden)
Jong-Kyou Jeon
2013-06-01
Full Text Available Since the global financial crisis in 2008, the world economy has been suffering from the Great Recession characterized by high and persistent unemployment as well as drastic fall in asset prices. Real business cycle theory or new-Keynesian economics which has been the dominant paradigm in macroeconomics for the last four decades is unable to explain the high and persistent unemployment during the Great Recession. This implies that the economics of Keynes should be taken seriously again as a tool to explain the Great Recession. Farmer (2012 proposes a new way of interpreting the economics of Keynes by providing it with a solid micro-foundation based on labor markets with search. According to Farmer (2012, aggregate economic activity independently depends on the long-term self-fulfilling expectations about the stock prices. As a consequence, the government or the central bank should implement a policy that influences the public's confidence about the stock market. For an open economy like the Korean economy, it is not only stock price but also the price of asset such as house that matters more for the aggregate economic activity. Households in the Korean economy hold more than 70 percent of their wealth in the form of real estate asset, especially housing asset. This makes the public's confidence about the future prices of houses even more important in explaining the business cycles of the Korean economy. Policymakers should implement policies to improve the confidence of households about the housing market to recover from the recession caused by a fall in house prices. Little theoretical work has been done in explaining fluctuations in the aggregate economic activity from the point of house prices. This paper develops a small open economy model with traded and non-traded capital based on Farmer (2012 and shows that the aggregate economic activity also independently depends on the households’ self-fulfilling expectations about the future prices
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Critical Analysis on Construction Workforce Sustainability in Developed Economy
Sing, Michael; Tam, Vivian; Fung, Ivan; Liu, Henry
2017-01-01
The construction industry in the developed economy has suffered a shortage of workforce which triggers project cost escalation and project delay and suppresses the whole economy. This paper aims to explore the perceptions of the general public and construction workers towards workforce shortage in the Hong Kong construction industry and identifies the critical factors affecting their intention to join the industry. Triangulation approach was adopted in this study and a street survey was condu...
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Directory of Open Access Journals (Sweden)
V. E. Vlasiuk
2014-02-01
Full Text Available An economic analysis is conducted in the production sphere of the Dnepropetrovsk area in a period development and in the process of transformation production to the sector of the national economic system. In particular, an analysis of the actual state of socio economic development of the Dnipropetrovsk region in the late XX century and its current state in order to find trends change attributes of manifestation and impact on living standards . The analysis of individual industries Dnipropetrovsk region. It is shown that the basis of the regional industry metallurgy. Comparative analysis of the sectoral structure of industrial production Dnipropetrovsk Oblast major types of products that characterize its economy in 1997 and 2012. This analysis revealed the changes in the structural transformation of the regional industry . The basic indicators of socio economic development of the Dnipropetrovsk region. In particular , it was found that the dynamics of socio economic development of the region by major figures exceeded the average values in Ukraine , and the main results of 2011 was a steady growth in key sectors of the Dnipropetrovsk region. Were clarified problems of the region’s economy and its future prospects . The factors of forming of regional economic policy and principles of structural alteration of industry are considered.
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The Hydrogen Economy Making the Transition to the Third Industrial Revolution and a New Energy Era
International Nuclear Information System (INIS)
Jeremy Rifkin
2006-01-01
Jeremy Rifkin is the author of the international best seller, The Hydrogen Economy, which has been translated into fourteen languages. It is the most widely read book in the world on the future of renewable energy and the hydrogen economy. In his presentation on 'The Hydrogen Economy', Mr. Rifkin takes us on an eye-opening journey into the next great commercial era in history. He envisions the dawn of a new economy powered by hydrogen that will fundamentally change the nature of our market, political and social institutions, just as coal and steam power did at the beginning of the industrial age. Rifkin observes that we are fast approaching a critical watershed for the fossil-fuel era, with potentially dire consequences for industrial civilization. Experts had been saying that we had another forty or so years of cheap available crude oil left. Now, however, some of the world's leading petroleum geologists are suggesting that global oil production could peak and begin a steep decline much sooner, as early as the second decade of the 21. century. Non-OPEC oil producing countries are already nearing their peak production, leaving most of the remaining reserves in the politically unstable Middle East. Increasing tensions between Islam and the West are likely to further threaten our access to affordable oil. In desperation, the U.S. and other nations could turn to dirtier fossil-fuels, coal, tar sand, and heavy oil, which will only worsen global warming and imperil the earth's already beleaguered ecosystems. Looming oil shortages make industrial life vulnerable to massive disruptions and possibly even collapse. While the fossil-fuel era is entering its sunset century, a new energy regime is being born that has the potential to remake civilization along radical new lines, according to Rifkin. Hydrogen is the most basic and ubiquitous element in the universe. It is the stuff of the stars and of our sun and, when properly harnessed, it is the 'forever fuel'. It never runs
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Demands for energy policy by industry and the economy
International Nuclear Information System (INIS)
Thumann, J.R.
2007-01-01
'The Use of Nuclear Power for Peaceful Purposes' is a key topic in energy policy which produces a split of opinions in Germany, and which the policy of the Grand Coalition seeks to bypass. The Federation of German Industries (BDI) wants to achieve a sensible way of handling this source of energy because, after all, we are facing the challenge of having to secure economic development and prosperity and, at the same time, reduce global CO 2 emissions. If this is to be achieved, industry and politics together must build a bridge into a future with less CO 2 . That bridge would be supported on 4 pillars: - a global strategy of CO 2 reduction, - energy efficiency, - a broad energy mix, - energy research and development. In these efforts, industry and the BDI consider nuclear power an indispensable part of a viable climate and energy policy. Next to lignite, nuclear power offers electricity generation at the lowest cost, and promotes climate protection through CO 2 -free generation. As far as energy efficiency and a broad energy mix are concerned, the potentials for technical development play an important role. This is an area in which German industry can develop future markets for itself by being a leader in technology. Energy research should advance the development of existing technologies and open up new options. In this way, energy research contributes to high technologies in Germany. For nuclear power, it must be ensured that German scientists are able to participate in promising developments of new reactors in the same way in which this is the case in the development and construction of ITER, the international fusion reactor, in France. (orig.)
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Location of slaughterhouses under economies of scale
van den Broek, J.J.J.; Schütz, P.; Stougie, L.; Tomasgard, A.
2006-01-01
The facility location problem described in this paper comes from an industrial application in the slaughterhouse industry of Norway. Investigations show that the slaughterhouse industry experiences economies of scale in the production facilities. We examine a location-allocation problem focusing on
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Macroeconomic perspectives on the Danish economy
DEFF Research Database (Denmark)
Andersen, Torben M.; Hougaard Jensen, Svend E.; Risager, Ole
A guide to major economic policy issues in Denmark. Leading Danish and international economists discuss, in comparative conte×t, the Danish economy's performance in the last 40 years, and assess the challenges which Denmark in common with other small, open economies faces in the global economy...... today. Major features include the continuing of academic analysis with policy making e×perience and e×pertise, and the e×amination of topical issues including the impact of EMU on "outsider" nations....
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Sharing Economy in Travel and Tourism: Finland vs. Hong Kong
Shoaib Ullah, Syed
2017-01-01
The key aim of this thesis is to determine how the sharing economy companies, especially sharing accommodation services like Airbnb, are affecting travel and tourism industry in Fin-land and in Hong Kong. The thesis also looks into the future of sharing economy in travel and tourism industry and any possibilities of cooperation between traditional service providers and sharing economy companies. The thesis is commissioned by the Association of Finnish Travel Agents (AFTA/SMAL). In the the...
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The Theoretical Foundations of Structural Changes in Economy
Directory of Open Access Journals (Sweden)
Khaustova Viktoriia Ye.
2017-12-01
Full Text Available The article is aimed at defining the theoretical foundations of structural changes in economy. It has been proved that structural policy of the State is one of the main directions influencing the structure of economy, balancing its proportions, and ensuring progressive development. The components of structural policy have been defined. Genesis of scientific directions of researching the structure of economy was considered. The interpretation of the concept of «structure of economy» in the works of scientists was studied. The classification of particular structures of the national industrial complex was considered. It has been proved that the main role in the analysis of structural changes should be given to the structure of economy (of industrial complex, according to the types of economic activity. The interpretations of the concepts of «structural transformations», «structural shifts», «structural changes», «structural crisis» in the economy have been clarified. The functions of structural crises have been considered. The dynamics of changes in structural shifts were researched. The classification of structural shifts in the economy was considered. An interpretation of progressive structural changes has been suggested.
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Amendment of the Energy Economy Act. Novellierung des Energiewirtschaftsgesetzes
Energy Technology Data Exchange (ETDEWEB)
1990-12-20
The Federal Association of German Industry deliberates on the reform of the Energy Economy Act, arriving at the following intermediate result that is to be discussed by the member associations. The following might be essential points for the attitude of the industry regarding the reform of the energy economy act: deregulation, qualitative modernization, concentration on electric power and gas, differentiated regulations for power and gas, limitation of municipal influence (outside the scope of the energy economy act: reform of the municipal right of way), secure power and gas supply at internationally competitive prices. This is followed by considerations regarding the individual provisions of the energy economy act and their discussion. (orig./HSCH).
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Energy Technology Data Exchange (ETDEWEB)
Otani, H [JGC Corp., Tokyo (Japan)
1994-03-05
Due to the rapid economy growth and industry development in China, the map of industry and economy in Asian countries has been greatly changing. The technology, which has supported Japan's industrial development, is characterized by the improvements of original technologies introduced from Europe and the United States. On the other hand, Korea has problems of creating the original and individual production technology and its basis. The industrial technology in China at present has problems which are accompanied with the conversion from the planned economy system to the market economy system. However, Chinese people having a tradition of 'link of three parts' seem to understand the Japanese style management policy well. Japan has played a role as 'world's center of manufacturing' by using its excellent production technology. In the future, China is considered to play a role as the 'world's center of manufacturing,' due to its huge domestic market, cheap and rich manpower, and excellent potential capacity of industrial technology. In Japan, it is emphasized that an industrial society system should be reconstructed, in which excellent individuality and talent can be made good use of. 6 refs., 1 fig.
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International Nuclear Information System (INIS)
Ge, Feng-Long; Fan, Ying
2013-01-01
Based on the characteristics of oil exploration and development and the inherent rule of a coordinated development of central and provincial economy and oil enterprises in oil producing provinces, this paper addresses the principal questions that determine the coordinated development of the central economy, provincial economy and oil enterprises, and establishes a dynamic model for the above three variables. The research takes Shaanxi Province as an example and makes analogue simulation of the situations from 2006 to 2020. The results indicate that China's provincial governments need to share more tax income, reform some taxes on oil enterprises, and China's oil industry needs to be open to both provincial state-owned enterprise and private enterprise. Meanwhile, this research also provides policy proposals for the coordinated development of central and provincial economy and oil enterprises regarding taxation and sustainable development in China's market-oriented economy. - Highlights: • Chinese provincial government should share more oil enterprises' income tax. • Diversifying sources of investment is able to boost provincial economic development. • Compensation for environment relieves provincial governments' financial pressure. • People's welfare hinges on oil enterprises, provincial governments and tax reform
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Economy and technology roles played by nuclear power
International Nuclear Information System (INIS)
Yamada, Eiji
1985-01-01
On the basis of the survey analysis made by Atomic Energy Commission on the roles in economy and technology played in the nuclear energy development and utilization, the following are described: economic roles in nuclear energy development and utilization (the present state of nuclear power industry in Japan and the economy effects); technological roles in the same (the present state of nuclear power technology in Japan and the technology effects). The economy effects in other areas are on higher level than in other industries etc. Then, in the technology effects, system technology and quality control in the nuclear power possess significant effects in other areas. While the nuclear energy development and utilization is important in Japan's energy security, it is contributing largely to the economy and society in Japan. (Mori, K.)
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Scale Economies and Industry Agglomeration Externalities: A Dynamic Cost Function Approach
Donald S. Siegel; Catherine J. Morrison Paul
1999-01-01
Scale economies and agglomeration externalities are alleged to be important determinants of economic growth. To assess these effects, the authors outline and estimate a microfoundations model based on a dynamic cost function specification. This model provides for the separate identification of the impacts of externalities and cyclical utilization on short- and long-run scale economies and input substitution patterns. The authors find that scale economies are prevalent in U.S manufacturing; co...
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A case of industrial vs. open-source OCL : not so different after all
Mengerink, J.G.M.; Noten, J.F.H.; Schiffelers, R.R.H.; van den Brand, M.G.J.; Serebrenik, A.
2017-01-01
When studying model-driven engineering (MDE) in industry, generalization of studies is often hard, as most artifacts are proprietary and confidential in nature. A possible solution would be to study open-source artifacts. However, open-source artifacts are not necessarily representative for those
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Leadership and the Nigerian Economy
Directory of Open Access Journals (Sweden)
Victor E. Dike
2014-02-01
Full Text Available The Nigerian economy is largely oil-based. Some people would rather say it is a mono-product economy. The economy has been in dire straits over the years, because of a combination of the neglect of education, especially technical and vocational education and science-based technology education, poor leadership and governance, corruption, as well as poor monetary and fiscal policies. All these have made a review of the poor investment in human capital development and infrastructure and institutions that drive the Nigerian economy and national development rather compelling. The political leaders have always raised the people’s hope by painting glowing pictures of their development plans and how they would stimulate the economy and improve the people’s living conditions. Thus, they swore that they would give priority attention to human capital development and national development, and empower the citizens, particularly the poorly educated, unskilled, and unemployed youths, with relevant human skills capital and entrepreneurial skills to enable them to contribute profoundly to national development. Yet the political leaders have, over the years, failed to adequately fund education and strengthen the infrastructure and institutions that would drive the economy and create employment for the teeming population. Both the new-breed politicians, like the old politicians before them, are promising to transform the nation into an industrialized society and the people cannot hold their expectations. The reality though is that Nigeria cannot become an industrialized society without investing abundantly in human capital development (education and health, leadership, and technological capabilities, which means investing in the future development of the nation.
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The impact of oil on the Scottish economy with particular reference to the Aberdeen economy
International Nuclear Information System (INIS)
Lloyd, M.G.; Newlands, D.A.
1992-01-01
The establishment of the North Sea oil industry over the last 20 years has had far reaching and dramatic effects upon the whole Scottish economy but especially upon those areas where oil related activity is geographically concentrated. This chapter discusses the impact of oil on the Scottish economy with particular reference to developments in the Aberdeen area. It is comprised of five main sections. The first outlines the way in which the oil industry has developed in Britain, noting that, despite rapid growth, there have been many lost opportunities. The impact of oil related developments in Scotland is discussed next before the focus narrows to the Aberdeen economy. The third section describes the familiar benefits of oil developments in Aberdeen while the fourth section analyses some of the less familiar costs. Finally, there is some discussion of the way in which the gains and losses of oil developments in Aberdeen have been distributed. (author)
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INDUSTRI KREATIF INDONESIA: PENDEKATAN ANALISIS KINERJA INDUSTRI
Ahmad Kamil
2015-01-01
In 2008, the Department of Commerce of the Republic of Indonesia has launched a creative economic development documents interpreted the 2025 Indonesia became the starting point and guide the development of the creative economy in Indonesia. With the existence of this document, the industry and its stakeholders or other stakeholders can readily develop the creative economy in Indonesia. Economic development in the direction of the creative industries is one manifestation of optimism aspiration...
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The Potential of Circular Economy in Sustainable Buildings
DEFF Research Database (Denmark)
Malabi Larsen, Leonora Charlotte; Birgisdottir, Harpa; Birkved, Morten
2018-01-01
benefits of designing the buildings concrete structure for disassembly, with the purpose of reuse, as well as to exemplify how circular economy can be applied in future building projects. Moreover, the paper aims at suggesting a more industry focused approach towards circular economy in order to seize...... the inherent potentials. As a result, it was found that recycling and energy recovery are the most common circular economy practices in the building industry, even though the economic and environmental benefits of reuse are believed to be much higher. This observation is supported by the findings of the case...... and glass, thereby enabling easier disassembly for both reuse and recycling. However, main challenges preventing the industry from seizing these potentials are identified as: focus on short term goals, complex supply chains, lack of collaboration between stakeholders and absence of a commonly agreed...
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Green economy in Finnish society; Vihreae talous suomalaisessa yhteiskunnassa
Energy Technology Data Exchange (ETDEWEB)
Antikainen, R.; Laehtinen, K.; Leppaenen, M.; Furman, E.
2013-02-15
The concept of a green economy is commonly used in public discussion, but no unanimity exists as to its definition. The objective of this report was to increase understanding of the concept of green economy and the changes required by the transition to a green economy. The report is part of the 'Green economy - analysis of the concept and its consequences for various parties' project, implemented by the Finnish Environment Institute (SYKE) in 2012. The research material comprised literature, web-based background surveys, results of a multidisciplinary workshop for scientists and a workshop for relevant actors, opening presentations for the workshops, expert opinions voiced in the workshops, and discussions of the project steering group. Examples of the elements of a green economy are resource - i.e. energy and material - efficiency, the reduction of resource use, the improvement of resource use efficiency and recycling of resources, the move from tangible to intangible value creation, and the revising of corporate business models, such as models of industrial symbiosis and increased service orientation. Of key importance in this transformation are new models for production and communities, the preservation of natural capital and taking account of challenges presented by the global operating environment, as well as the implementation of sustainability principles. A green economy is seen to contribute to domestic well-being, employment and the economy, while enabling the internationalisation of companies and international business. Finland's strengths lie in expertise related to areas such as bioeconomy, cleantech, water and water supply, and recycling. A further strength is the traditionally close cooperative relationships between various actors. However, silo thinking should be further reduced, as it slows down reform, and collaboration initiatives and experiments between actors and on the level of policies should be supported. In the future, it
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Electric power economy in industry and commerce II
International Nuclear Information System (INIS)
Mamede Filho, J.
1988-01-01
The acts of electric power economy in Brazil are studied, including the improvement of load factor, maintain a high power-factor and use of monthly consumption method and medium powers method. (author)
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How Open Source Has Changed the Software Industry: Perspectives from Open Source Entrepreneurs
Directory of Open Access Journals (Sweden)
Risto Rajala
2012-01-01
Full Text Available The emergence of F/LOSS (free/libre open source software has triggered several changes in the software industry. F/LOSS has been cited as an archetypal form of open innovation; it consists of the convergence and collaboration of like-minded parties. An increasing number of software firms have taken upon this approach to link outsiders into their service development and product design. Also, software firms have been increasingly grounded their business models on user-centric and service-oriented operations. This article describes a study that investigates these changes from the perspective of F/LOSS entrepreneurs. The findings are summarized into four issues that are critical in managing an F/LOSS business: i dealing with organizational changes in the innovation process; ii mastering user involvement; iii successfully using resources; and iv designing revenue models.
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Reference levels for assays in opened installations of industrial radiography
International Nuclear Information System (INIS)
Leocadio, Joao C.; Tauhata, Luiz; Crispim, Verginia R.
2001-01-01
This work had as objectives to analyze the facilities open of industrial x-ray to obtain the distribution of doses in the operators and present proposed for the reference levels. The results of the monitoring revealed an improvement of the radiation protection conditions in the facilities and that the risk of potential exposure was reduced. The advantage of the proposed reference levels is that the supervisors would enlarge the frequency of audits in the facilities opened to accomplish the investigations and interventions.The facilities open with 'bunkers' presented distributions with 95% of the doses below 0,2 mSv and the distributions of the facilities with cordoned area they had 75% of the doses below 0,4 mSv. (author)
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Networked Cultures in the Collaborative Economy
DEFF Research Database (Denmark)
Gyimóthy, Szilvia
2017-01-01
, and together open up for multidimensional interpretations of social exchange in the collaborative economy. The chapter concludes with a critical reflection on the challenges of understanding the collaborative economy in tourism, particularly when discourses are dominated by a communitarian logic......This chapter charts diverse approaches to conceptualizing the cultures of connection characterizing the collaborative economy. To decode the “we-conomy”, we revisit classic notions of coexistence, collaboration and bonding in communities. Informed by a multidisciplinary review (touching upon human...... ecology, sociology, anthropology and cultural theory), the chapter identifies distinct theoretical frameworks to describe the constitution of communities and discusses their relevance to the collaborative economy. These frameworks explain the drivers of communitarian behavior and resource circulation...
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Globalization of Brewing and Economies of Scale
DEFF Research Database (Denmark)
Madsen, Erik Strøjer; Wu, Yanqing
The globalization of the brewing industry after the turn of the century through a large wave of mergers and acquisitions has changed the structure of the world beer markets. The paper tracks the development in industry concentrations from 2002 to 2012 and points to high transportation costs...... for beers and economies of scale in advertising and sales efforts as the main factors behind the wave of cross-country mergers and acquisitions. Using firm-level data from the largest breweries, the estimations verify significant economies of scale in marketing and distribution costs. Based on information...
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Optimal Monetary Policy and Exchange Rate in a Small Open Economy with Unemployment
Directory of Open Access Journals (Sweden)
Hyuk-Jae Rhee
2014-09-01
Full Text Available In this paper, we consider a small open economy under the New Keynesian model with unemployment of Gali (2011a, b to discuss the design of the monetary policy. Our findings can be summarized in three parts. First, even with the existence of unemployment, the optimal policy is to minimize variance of domestic price inflation, wage inflation, and the output gap when both domestic price and wage are sticky. Second, stabilizing unemployment rate is important in reducing the welfare loss incurred by both technology and labor supply shocks. Therefore, introducing the unemployment rate as an another argument into the Taylor-rule type interest rate rule will be welfare-enhancing. Lastly, controlling CPI inflation is the best option when the policy is not allowed to respond to unemployment rate. Once the unemployment rate is controlled, however, stabilizing power of CPI inflation-based Taylor rule is diminished.
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International Nuclear Information System (INIS)
Bohi, D.R.
1992-01-01
In re-examining the effect of energy price shocks on the economy, this article applies several tests to show that the apparent coincidence between price shocks and poor economic performance may be misleading. For example, whereas macroeconomic analysis graphs of employment and GNP clearly indicate an apparent correlation between the 1979 petroleum price hike and economic downturn in the USA, Great Britain and Germany, Japan's performance stayed fairly constant during that period. Additional sectoral analyses of the performances of the western economies show that the impacts of the '74 and '79 oil price shocks were not equally distributed across the different industrial sectors of the various nations. The paper argues that a deeper understanding of the energy-economy relationship is required to reduce these ambiguities
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Does the New Economy Create Higher Productivity?
DEFF Research Database (Denmark)
Dilling-Hansen, Mogens; Madsen, Erik Strøjer; Smith, Valdemar
2002-01-01
The rapid and continuous growth in the US in the 1990s and the simultaneous boom in the IT industry created the concept "The New Economy". What connects the two phenomena is that the IT industry alone is considered productive, and increased productivity in other industries, as a result of increased...
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The Hydrogen Economy Making the Transition to the Third Industrial Revolution and a New Energy Era
Energy Technology Data Exchange (ETDEWEB)
Jeremy Rifkin
2006-07-01
Jeremy Rifkin is the author of the international best seller, The Hydrogen Economy, which has been translated into fourteen languages. It is the most widely read book in the world on the future of renewable energy and the hydrogen economy. In his presentation on 'The Hydrogen Economy', Mr. Rifkin takes us on an eye-opening journey into the next great commercial era in history. He envisions the dawn of a new economy powered by hydrogen that will fundamentally change the nature of our market, political and social institutions, just as coal and steam power did at the beginning of the industrial age. Rifkin observes that we are fast approaching a critical watershed for the fossil-fuel era, with potentially dire consequences for industrial civilization. Experts had been saying that we had another forty or so years of cheap available crude oil left. Now, however, some of the world's leading petroleum geologists are suggesting that global oil production could peak and begin a steep decline much sooner, as early as the second decade of the 21. century. Non-OPEC oil producing countries are already nearing their peak production, leaving most of the remaining reserves in the politically unstable Middle East. Increasing tensions between Islam and the West are likely to further threaten our access to affordable oil. In desperation, the U.S. and other nations could turn to dirtier fossil-fuels, coal, tar sand, and heavy oil, which will only worsen global warming and imperil the earth's already beleaguered ecosystems. Looming oil shortages make industrial life vulnerable to massive disruptions and possibly even collapse. While the fossil-fuel era is entering its sunset century, a new energy regime is being born that has the potential to remake civilization along radical new lines, according to Rifkin. Hydrogen is the most basic and ubiquitous element in the universe. It is the stuff of the stars and of our sun and, when properly harnessed, it is the &apos
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Networked Economies | IDRC - International Development ...
International Development Research Centre (IDRC) Digital Library (Canada)
Search. Two schoolgirls work on a computer at school in Colombia ... artificial intelligence, and digital technologies like sensors are increasingly automating economies. ... Similarly while innovations such as open government data could make ...
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Unleashing the Power of the Circular Economy
Energy Technology Data Exchange (ETDEWEB)
Kok, L.; Wurpel, G.; Ten Wolde, A. [IMSA Amsterdam, Amsterdam (Netherlands)
2013-04-15
The concept of circular economy is an economic and industrial system that focuses on the reusability of products and raw materials, reduces value destruction in the overall system and aims at value creation within each tier of the system. This report for Circle Economy (CE) outlines the general direction and concrete steps that must be taken to accomplish a breakthrough to a circular economy. It also provides a knowledge base behind the concept, connecting it to sustainability.
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Circular economy and nuclear energy
International Nuclear Information System (INIS)
2017-01-01
This article first recalls what circular economy is, and its main principles (sustainable supply, eco-design, industrial and territorial ecology, economy of function rather than of possession, extension of product lifetime, recycling). It outlines its different benefits: improved resilience, inclusion of all actors of the territory, creation of local jobs, a global vision. In the next part, the nuclear industry is presented as a pioneer in this respect through various trends and developments: closure of the fuel cycle and saving of uranium and energy in the upstream part, reduction of wastes in the downstream part, exploitation of plants on a longer term, management of the production of conventional wastes, reduction of energy consumption, evolution of the doctrine in terms of management of very low level radioactive wastes
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Applying industrial symbiosis to chemical industry: A literature review
Cui, Hua; Liu, Changhao
2017-08-01
Chemical industry plays an important role in promoting the development of global economy and human society. However, the negative effects caused by chemical production cannot be ignored, which often leads to serious resource consumption and environmental pollution. It is essential for chemical industry to achieve a sustainable development. Industrial symbiosis is one of the key topics in the field of industrial ecology and circular economy, which has been identified as a creative path leading to sustainability. Based on an extensively searching for literatures on linking industrial symbiosis with chemical industry, this paper aims to review the literatures which involves three aspects: (1) economic and environmental benefits achieved by chemical industry through implementing industrial symbiosis, (2) chemical eco-industrial parks, (3) and safety issues for chemical industry. An outlook is also provided. This paper concludes that: (1) chemical industry can achieve both economic and environmental benefits by implementing industrial symbiosis, (2) establishing eco-industrial parks is essential for chemical industry to implement and improve industrial symbiosis, and (3) there is a close relationship between IS and safety issues of chemical industry.
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Directory of Open Access Journals (Sweden)
D. TROPEANO
2013-10-01
Full Text Available The Swedish School, with its representatives Ohlin, Hammarskjöld and Lindahl, madeimportant contributions to the economic theory of the open economy, even if such contributions have never been at the centre of attention of economists, probably due to their dark language style. In particular, it had a vision of the operating of an open economy that was completely different from post-war Keynesian orthodoxy. The exchange rate regime does not isolate a small economy from the repercussions of events that occur in financial markets and from goods at the international level. The other major assumption of open economy macroeconomics was the independence of monetary policy. The Keynesian models in the 1950s included only external money. On the contrary, the Swedes considered the credit system and the working of international banks.JEL: F41
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Iraq's Economy: Past, Present, Future
National Research Council Canada - National Science Library
Sanford, Jonathan E
2003-01-01
.... Iraq's industrial sector was created, in large part, as a result of government efforts to diversify the economy through economic development projects using the proceeds from Iraq's oil wealth and borrowed funds...
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DEFF Research Database (Denmark)
Pedersen, Ove K.
2012-01-01
Denmark is characterised by a number of distinct traits: a small and open economy, a stable democratic political system, a high proportion of organised wage earners covered by collective agreements, a political culture marked by social partnership, and a long tradition of institutionalised class...
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What nuclear industry can learn from the digital transformation of high-tech industries
International Nuclear Information System (INIS)
Confais, E.
2017-01-01
The aircraft industry, the oil industry and the shipbuilding industry share with nuclear industry common issues like the importance of security and safety, long investment cycles and a fierce worldwide competition. All these industries can inspire one another to face these challenges with their own use of digital technologies. A common use of digital technologies is to favor innovation and accelerate its implementation in the industrial cycle through the shortening of both the certification step and the upgrading-time of the production line. Innovation requires creativity and creativity needs freedom, digital technologies can favor initiatives by shadowing the traditional hierarchy at opening the company to a new world of ideas. It also appears that digital technologies allows the quick processing of massive volumes of data that could be used for preventive maintenance and the optimization of the equipment. The broad digitalization of the economy has a dark side: the rising of cyber risks and enterprises have to face them which generally implies to rethink security inside the enterprise. Some companies have overhauled their IT department and have segregated and monitored the access to data. (A.C.)
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Directory of Open Access Journals (Sweden)
Ming Meng
2017-03-01
Full Text Available Industrial energy and environment efficiency evaluation become especially crucial as industrial sectors play a key role in CO2 emission reduction and energy consumption. This study adopts the additive range-adjusted measure data envelope analysis (RAM-DEA model to estimate the low-carbon economy efficiency of Chinese industrial sectors in 2001–2013. In addition, the CO2 emission intensity mitigation target for each industrial sector is assigned. Results show that, first, most sectors are not completely efficient, but they have experienced and have improved greatly during the period. These sectors can be divided into four categories, namely, mining, light, heavy, and electricity, gas, and water supply industries. The efficiency is diverse among the four industrial categories. The average efficiency of the light industry is the highest among the industries, followed by those of the mining and the electricity, gas, and water supply industries, and that of the heavy industry is the lowest. Second, the electricity, gas, and water supply industry shows the biggest potential for CO2 emission reduction, thus containing most of the sectors with large CO2 emission intensity mitigation targets (more than 45%, followed by the mining and the light industries. Therefore, the Chinese government should formulate diverse and flexible policy implementations according to the actual situation of the different sectors. Specifically, the sectors with low efficiency should be provided with additional policy support (such as technology and finance aids to improve their industrial efficiency, whereas the electricity, gas, and water supply industry should maximize CO2 emission reduction.
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Directory of Open Access Journals (Sweden)
S. A. Akaeva
2016-01-01
Full Text Available This paper examines the effect of industry technological and structural changes on economic growth. It uses quantitative methods of structural changes evaluation by way of the Vatnik's proportionality constant as a means to analyze the dynamics of quality of sectoral and technological structures of the economies of Russia and several OECD countries. The comparative analysis shows that both the sectoral and technological structure of Russian economy is far from the optimal balanced structure of the OECD most developed countries' economies. It follows that Russian economy needs fundamental structural reform.Hence, the paper discusses the need for active industrial policy that can give impetus to the technological modernization of the Russian economy and facilitate its transition to the path of sustainable dynamic growth. The metallurgical, chemical and pharmaceutical industries are identified as priority sectors in industrial manufacturing. The paper analyzes condition and prospects of these industries and formulates medium-term goals of development and modernization, which can become reference points in the formation of a new sector-based industrial policy.
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Weiner, Joseph A; Cook, Ralph W; Hashmi, Sohaib; Schallmo, Michael S; Chun, Danielle S; Barth, Kathryn A; Singh, Sameer K; Patel, Alpesh A; Hsu, Wellington K
2017-09-15
A retrospective review of Centers for Medicare and Medicaid Services Database. Utilizing Open Payments data, we aimed to determine the prevalence of industry payments to orthopedic and neurospine surgeons, report the magnitude of those relationships, and help outline the surgeon demographic factors associated with industry relationships. Previous Open Payments data revealed that orthopedic surgeons receive the highest value of industry payments. No study has investigated the financial relationship between spine surgeons and industry using the most recent release of Open Payments data. A database of 5898 spine surgeons in the United States was derived from the Open Payments website. Demographic data were collected, including the type of residency training, years of experience, practice setting, type of medical degree, place of training, gender, and region of practice. Multivariate generalized linear mixed models were utilized to determine the relationship between demographics and industry payments. A total of 5898 spine surgeons met inclusion criteria. About 91.6% of surgeons reported at least one financial relationship with industry. The median total value of payments was $994.07. Surgeons receiving over $1,000,000 from industry during the reporting period represented 6.6% of the database and accounted for 83.5% of the total value exchanged. Orthopedic training (P regression analysis revealed a strong inverse relationship between years of experience and number of payments from industry (r = -0.967, P Financial relationships between spine surgeons and industry are highly prevalent. Surgeon demographics have a significant association with industry-surgeon financial relationships. Our reported value of payments did not include ownership or research payments and thus likely underestimates the magnitude of these financial relationships. 3.
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Energy Technology Data Exchange (ETDEWEB)
Suarez Guevara, Sergio [Instituto de Investigaciones Economicas, Universidad Nacional Autonoma de Mexico (UNAM), Mexico, D. F. (Mexico)
1997-12-31
This document analyzes the electric industry in Mexico in its opening phase, which must be qualified as a strategic activity within the present and future becoming of the Mexican economy. The Mexican electric sector was framed within the National Project born out in the country`s Politic Constitution; where the State economic intervention is driven and induced, with its exclusive duty in strategic activities through public enterprises created for that purpose and as a support of Mexico`s economic and social welfare. Within the opening it should be pointed out the participation of the North American Free Trade Agreement (NAFTA), the Energy Program, the Development Program and Restructure of the Energy Sector 1995-2000 [Espanol] En el presente documento se analiza la industria electrica en Mexico en su fase de apertura, la cual debe calificarse como una actividad estrategica dentro del devenir presente y futuro de la economia mexicana. El sector electrico mexicano se enmarco dentro del Proyecto Nacional que nace en la Constitucion Politica del pais; donde se impulsa e induce la intervencion economica del Estado, con su quehacer exclusivo en actividades estrategicas, por medio de empresas publicas creadas para tal fin y en apoyo del bienestar economico y social de Mexico. Dentro de la apertura hay que senalar la participacion que tiene el Tratado de Libre Comercio, el Programa de Energia y el Programa de Desarrollo y Reestructuracion del Sector Energia 1995-2000
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Analysis of economy characteristics and improvement ways for China nuclear power
International Nuclear Information System (INIS)
Li Yong
2010-01-01
For the nuclear power industry, due to characteristics of its own, its economy is quite different from that of the traditional fossil-fuel power. This paper studied the basic characteristics of the nuclear power economy and the status of economy of domestic nuclear power, and analyzed the main ways to improve the nuclear power economy. (authors)
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Directory of Open Access Journals (Sweden)
Kovalchuk Julia
2017-01-01
Full Text Available The new industrial production management requires a review of the third industrial revolution results and accounting for mass adoption of information and communication technologies to create the organizational basis of the fourth industrial revolution. The future changes will affect all components of the organization and management components of industrial enterprises, forming the potential of new competitive advantages in a global economy. The research included the identification of key factors of formation, development and destruction (absorption related branches of knowledge the industrial production management as the theory and practical activities, given the critical approach to its nature and processes. Revealed common signs of the industrial production management need as a field of knowledge in the framework of previous and current industrial revolutions. It is shown that the industrial production management effectively solves the problem of subsistence economy, and substantiates that the modern digital economy also has the characteristics of subsistence economy. It is important the necessity of formulation of a new organizational thinking, the implementation of which is possible in the modern interpretation of the project office. The article represents the theoretical basis for developing practical recommendations for the formation of the new concept of industrial production management to take advantage of the impact of engineering component on the economic results and the creation of project offices for the development of traditional and created markets in the organization of a new production mode (based on the digital economy.
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THE STUDY ON BALI TOURISM VILLAGE MANAGEMENT TOWARDS FOUR DIMENSIONS OF EXPERIENCE ECONOMY
Directory of Open Access Journals (Sweden)
Widi Hardini
2016-03-01
Full Text Available Tourism as one of the largest industries in the world economy is now entering a new era, the experience economy. The concept adopted by Pine and Gilmore in 1998, where there was a shift in the company’s economic orientation. This concept emphasizes the customer value and suitable in services industry, especially in Tourism industry. In the new economic era, customer satisfaction is no longer the main things, but delivering comprehensive services to create a memorable experience. Bali tourism industry focuses on cultural development and preservations. There is a linkage between the experience economy concept and tourism village concept, which is at the participation level of all components in the development (management, tourists and the society. Therefore, the concept of experience economy is suitable to be applied in the development of tourism villages. This research conducted to elaborate and analyze the classification of tourism village product and the levels of tourist participation towards four dimensions of experience economy concept. Through qualitative research methods will generate a depth understanding of managing tourism village by creating tourist memorable experience.
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Openness of Economy, Foreign Investment Inflows and the Phenomenon of Rent Seeking Corruption
Directory of Open Access Journals (Sweden)
Syed Toqueer Akhter
2015-08-01
Full Text Available Rent seeking behavior has been amongst noticeable obstacles in path of economic growth and development for developing communities. Due to this the study aims at testing the hypothesis that the Rent seeking behavior among bureaucracy is being influenced by the openness of economy as well as inflows of foreign investment significantly. Model estimations imply that reforms may have an insignificant impact upon impact upon curtailing the rent seeking behavior among bureaucracy in a time series setting therefore this research will use two statistical econometric models to show the effect of corruption on the foreign direct inflow received in Pakistan. In order to pretest the impact of all the mentioned variables on rent seeking behavior generalized least square was used because its results were unbiased, consistent and the problem of Serial correlation was solved by using it. In order to quantify rent seeking behavior among bureaucracy different aspects of misuse of public offices appearing in form of petty and grand corruption were used using the variables informal sector, tax evasion, judicial outlay, G.D.P and F.D.I as percentage of G.D.P. All of the variables had proper signs aligned with the theory and all of the variables appeared to be significant except judicial outlay proving that the judiciary has been incompetent and ineffective. The robust regression showed all the same signs except in it every variable was appearing to be significant. Rent seeking corruption has been highly affecting Pakistan in adverse ways and this paper will show how many factors like judiciary is not playing effective role in limiting corruption and also how the economy is being affected by rent seeking behavior.
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Directory of Open Access Journals (Sweden)
Alexandra S. Shitova
2017-09-01
Full Text Available An attempt has been made to substantiate the institutional structure aimed at the effective progressive development of the production sphere as the basis of the national economy oriented towards the qualitative development of social capital, which is the key goal of transforming the modern Russian economy. The achievement of that goal is possible through the implementation of reindustrialization strategy based on the conceptual platform of regional institutionalism, the determinant of which is also the possibility of implementing the potential of the regions as a priority source of development and reproduction as a result of building sustainable local relationships in the regional economy. Institutional design of reindustrialization and forcing the industrial development of the Russian economy are becoming particularly relevant in the context of the need to connect Russia to the concept of "Industry 4.0" and the fourth industrial revolution.
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Industrial clusters in the Finnish economy. Strategies and policy implications
International Nuclear Information System (INIS)
Luukkainen, S.
2001-04-01
Technology is currently the most important determinant of the long-term economic growth as it explains for at least half of the growth of the industrialised nations. Economists have demonstrated that R and D performed by the innovating company generates widespread value in the economy through technology diffusion. The objective of the private financing is, however, to increase the value of the innovating company and the spillovers to other companies are there not so important. The market failure created by the R and D spillovers is thus one of the main justifications for government policies. The advancement of spillovers by government's actions can be called cluster policy. The objective of this study is to produce knowledge to support decision making in the realisation of an efficient cluster-oriented technology policy. The Finnish industrial clusters are identified by a quantitative value chain analysis, and their economic profiles are analysed. Also, a solid framework is presented that describes how to evaluate the economic impacts of a R and D project from the cluster policy point of view. The clusters should be seen as a technology policy tools, by which the domestic industrial structures can be analysed and developed. In this kind of decision making it is important to understand the mechanisms of technology diffusion. Concrete technology policy occurs in the selection of the publicly financed R and D projects. In the selection of the supported-projects it is crucial to evaluate the economic impacts of project proposals in advance. That is why economic indicators like measures of spillovers are needed The governments should fund R and D projects that have the highest social rate of return and would otherwise be underfunded or delayed. (orig.)
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Energy Technology Data Exchange (ETDEWEB)
NONE
1995-11-01
The 21st Century Jobs Initiative has been launched in the context of new realities in Washington, D.C., rapid restructuring of the US economy and accelerating changes in the makeup of the East Tennessee economy driven by these and other external economic forces. Continuing downward pressure on Federal budgets for programs that support three key institutions in the region - DOE`s Oak Ridge complex, the Tennessee Valley Authority and research programs of the University of Tennessee - are especially threatening to the region. With a large part of its economy dependent on Federal spending, the area is at risk of troublesome impacts that could ripple out from the Oak Ridge and Knoxville home of these institutions throughout the entire 15-county {open_quotes}Resource Valley.{close_quotes} As these economic forces play out in the region`s economy, important questions arise. How will East Tennessee {open_quotes}earn its living{close_quotes} in the future if the Federal government role in the economy shrinks? What kind of new industries will be formed to replace those at risk due to Federal cutbacks and economic restructuring? Where will the jobs come from for the next generation of job seekers? These are among the questions driving the 21st Century Jobs Initiative, an action-oriented program designed and implemented by local leaders in response to the economic challenges facing East Tennessee. Fortunately, the region`s economy is strong today. Unemployment is at near record lows in most counties. Moreover, leaders are increasingly aware of the threats on the horizon and are already moving to action. And the impacts from the forces at work on the economy will probably come slowly, over the next decade or so. Based on economic research and input from local leaders knowledgeable about the economy, the 21st Century Jobs Initiative has set forth a strategic economic development plan for the region.
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Ιnvestment in green economy as a potential source of value added
Directory of Open Access Journals (Sweden)
Jan Klasinc
2015-12-01
Full Text Available Purpose - The hypothesis of the paper is that domestic value added created by exports in Croatia could be increased by investments in green economy. Methodology - In the developed economies only specific products, processes and functions that outperform emerging economies in Global Value Chains are able to profit from the larger share of value added. Large portion of "green economy" is knowledge intensive, and if knowledge based economy (KBC plays a significant role in determining the domestic value added created by exports, economies with a larger stock of KBC should have a larger difference in VAX between knowledge-intensive industries and less knowledge-intensive industries. Domestic value added embodied in exports can be proxied by attracted FDI. Findings - The results seem to show some support to the hypothesis. In Croatia it has already been shown that sectors of economy with larger stock of intellectual capital measured by Intellectual Capital Efficiency (ICE index attracted more FDI, which can also serve as a predictor for larger value added in exports due to higher productivity. Knowledge intensity of 18 industries in the US as the benchmark economy shows that "Electrical and optical equipment" has above average knowledge intensity of 0,53, and it can be matched with "green economy" in Croatian industries that attracted more FDI and have higher levels of KBC. Research limitations and implications - Although this study is limited just to KBC, as an extension, the potential role of financial development could be included. Also, the length of time series for VAX measured by OECD does not allow for more thorough analysis. Originality/value – Although not conclusive, this paper is an important first step giving direction to subsequent studies of effects of KBC on value added.
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The detection of leakages in open reservoirs by the radioisotope sorption method
International Nuclear Information System (INIS)
Owczarczyk, A.; Wierzchnicki, R.; Urbanski, T.; Chmielewski, A.G.; Szpilowski, S.
1992-01-01
Location of leakages in large hydro-engineering plants and industrial water reservoirs is of great importance from view-point of both safety and economy of their exploitation. Large variety of water reservoirs encountered in hydro-engineering and industry calls for adaptation of investigation methods to their specific features. In the paper a number of methodological variants of known radiotracer technique developed at the INCT is presented. They are intended to detect and locate leakages in hydro-engineering reservoirs and dams as well as large open industrial tanks. The radioisotopes Au-198 and In-133 m being used for that purpose show excellent sorption characteristic on typical construction materials users to build such objects. (author). 8 refs, 8 figs
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The future direction of electricity reform in APEC economies
International Nuclear Information System (INIS)
Pritchard, Robert
2005-01-01
A 2003 study of Electricity Supply Industry (ESI) reform experience in the 21 Asia-Pacific Economic Cooperation (APEC) economies emphasised that the overriding principle of ESI reform must be to maintain the security and stability of the entire power system. This is what differentiates ESI reform from reform of other industries. For all economies, particularly developing economies, attracting private investment in the ESI is a vital ongoing need. However, since the mid-1990s, private investors have become more risk-averse. Today, it is less safe for governments to assume that their 'reformed' electricity sectors will attract the requisite level of private investment. The APEC study found that competitive electricity markets are unsuited to developing economies in the early stages of reform. However, enterprise level reforms can produce major gains by commercialising and corporatising electricity utilities and by providing them with economic incentives to operate to high technical and commercial standards. The APEC study also emphasised that governments must remain responsible for the outcomes of ESI reform irrespective of any changes in industry structure and ownership. This is a fundamental responsibility which cannot be left to a regulator. (Author)
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On sustainable development of population and national economy.
Tian, X
1995-01-01
This article offers a strategy for achieving sustainable development of population and the national economy in China. It is argued that economic growth and population growth must be in balance and coordinated. In 1993 it was estimated that a national economic growth rate of 4.03-4.60% was needed in order to balance the natural population growth rate of 1.15% at the existing standard of living. When the national economy grows faster than population in the life expectancy time period, overpopulation can be checked. Population must be balanced with sufficient means for subsistence. The key measure of sustainable development is the ratio between the size of the working-age population and the means of production. The number of people in the labor force is positively related to fixed assets and negatively related to the labor force's technical equipment. China's problems include weak industrial fixed assets, a surplus labor force, and slow growth in industrial and agricultural productivity. Potential solutions are to shift employment from a cultivation-oriented rural economy to a diversified rural economy, to increase the pace of change to an industrial and commercial economy, and to increase the pace of change to nonmaterial production and to raising employment efficiency. Solutions are dependent upon improvement in the quality of population, which means increased levels of education. China still has 181,610,00 people who are illiterate or semi-illiterate among the working-age population. Sustainable development also relies on active promotion of social support for the elderly by a pension system, family support, and reemployment of the elderly. Surplus labor should be absorbed by the service industry. Population structure and economic development are more advanced in coastal areas that have 41% of total population. Inland areas should develop labor-intensive, technology-intensive, and investment-intensive industries. Northwest areas need an educated population
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CONSUMPTION-BASED ECONOMY. THE CASE OF ROMANIA IN THE LAST TWO DECADES
Directory of Open Access Journals (Sweden)
Mihai COSTEA
2016-09-01
Full Text Available Romania has entered an era of consumption and its stimulation remains one of the solutions always initiated to support the national economy, especially given that exports are declining due to euro-market problems - the main market for Romanian products.In this context, this paper aims to make a foray in time, starting with the issue of de-industrialization of Romania and subsequently with the transformation of Romanian economy into a tertiary one, accompanied by the simultaneous development of the economy based on consumption. In other words, the role of this paper is to present (using statistical data, the causes of de-industrialization of Romania, elements on the evolution of the tertiary industry, and some features and pitfalls of consumer-based economy. Also, the content of this article does not hesitate to emphasize the author's personal views about the studied phenomenon.
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Laso, J; Margallo, M; Celaya, J; Fullana, P; Bala, A; Gazulla, C; Irabien, A; Aldaco, R
2016-08-01
The anchovy canning industry has high importance in the Cantabria Region (North Spain) from economic, social and touristic points of view. The Cantabrian canned anchovy is world-renowned owing to its handmade and traditional manufacture. The canning process generates huge amounts of several food wastes, whose suitable management can contribute to benefits for both the environment and the economy, closing the loop of the product life cycle. Life cycle assessment methodology was used in this work to assess the environmental performance of two waste management alternatives: Head and spine valorisation to produce fishmeal and fish oil; and anchovy meat valorisation to produce anchovy paste. Fuel oil production has been a hotspot of the valorisation of heads and spines, so several improvements should be applied. With respect to anchovy meat valorisation, the production of polypropylene and glass for packaging was the least environmentally friendly aspect of the process. Furthermore, the environmental characterisation of anchovy waste valorisation was compared with incineration and landfilling alternatives. In both cases, the valorisation management options were the best owing to the avoided burdens associated with the processes. Therefore, it is possible to contribute to the circular economy in the Cantabrian canned anchovy industry. © The Author(s) 2016.
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«Resource type» regions in the modern Russian economy
Directory of Open Access Journals (Sweden)
Levin Sergey, N.
2015-06-01
Full Text Available Despite the officially declared intention to form universal rules of the liberal type, development was based on the formation of a "hybrid" institutional environment in the "post-Soviet" transformation of the Russian economy. "Hybrid" institutional environment is characterized, firstly, with the prevalence of forms of interaction between authorities and business that are uncharacteristic for liberal market economy, and their "merging" with each other, secondly, with sustainable regional fragmentation. As a result regional institutional systems, based on different configurations of network linkages between business and authorities, appeared and embedded into unified «power vertical». «Resource type» regions occupy special position in the modern Russian economy. Their economies are based on the export-oriented industries as well as raw resources extracting and mining industries. We distinguish the following discrete structural alternatives of their development in a globalizing economy: "enclave dual economy" and integrated regional economy. The first option is institutionally reinforces the social and economic gap from developed countries. The second one provides diversification and development of regional and national economies. We use comparative characteristic of Kemerovo region and Krasnoyarsk region to carry out analysis of options of "resource type" regions development. We selected indicators and elaborated estimation algorithm to figure out the type of regional economic development.
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Hydrogen economy: a little bit more effort
International Nuclear Information System (INIS)
Pauron, M.
2008-01-01
In few years, the use of hydrogen in economy has become a credible possibility. Today, billions of euros are invested in the hydrogen industry which is strengthened by technological advances in fuel cells development and by an increasing optimism. However, additional research efforts and more financing will be necessary to make the dream of an hydrogen-based economy a reality
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Challenges in Building a Sustainable Biobased Economy
DEFF Research Database (Denmark)
Mussatto, Solange I.
2017-01-01
for the production of fuels, chemicals, energy and materials is therefore recognized as a need by numerous industries and policy makers in countries around the world. In addition, a biobased economy has the potential to generate new jobs and even new industries, creating new opportunities for entrepreneurship...
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Network analysis of Chinese provincial economies
Sun, Xiaoqi; An, Haizhong; Liu, Xiaojia
2018-02-01
Global economic system is a huge network formed by national subnetworks that contains the provincial networks. As the second largest world economy, China has "too big to fail" impact on the interconnected global economy. Detecting the critical sectors and vital linkages inside Chinese economic network is meaningful for understanding the origin of this Chinese impact. Different from tradition network research at national level, this paper focuses on the provincial networks and inter-provincial network. Using Chinese inter-regional input-output table to construct 30 provincial input-output networks and one inter-provincial input-output network, we identify central sectors and vital linkages, as well as analyze economic structure similarity. Results show that (1) Communication Devices sector in Guangdong and that in Jiangsu, Transportation and Storage sector in Shanghai play critical roles in Chinese economy. (2) Advanced manufactures and services industry occupy the central positions in eastern provincial economies, while Construction sector, Heavy industry, and Wholesale and Retail Trades sector are influential in middle and western provinces. (3) The critical monetary flow paths in Chinese economy are Communication Devices sector to Communication Devices sector in Guangdong, Metals Mining sector to Iron and Steel Smelting sector in Henan, Communication Devices sector to Communication Devices sector in Jiangsu, as well as Petroleum Mining sector in Heilongjiang to Petroleum Processing sector in Liaoning. (4) Collective influence results suggest that Finance sector, Transportation and Storage sector, Production of Electricity and Heat sector, and Rubber and Plastics sector in Hainan are strategic influencers, despite being weakly connected. These sectors and input-output relations are worthy of close attention for monitoring Chinese economy.
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Revisiting the emissions-energy-trade nexus: evidence from the newly industrializing countries.
Ahmed, Khalid; Shahbaz, Muhammad; Kyophilavong, Phouphet
2016-04-01
This paper applies Pedroni's panel cointegration approach to explore the causal relationship between trade openness, carbon dioxide emissions, energy consumption, and economic growth for the panel of newly industrialized economies (i.e., Brazil, India, China, and South Africa) over the period of 1970-2013. Our panel cointegration estimation results found majority of the variables cointegrated and confirm the long-run association among the variables. The Granger causality test indicates bidirectional causality between carbon dioxide emissions and energy consumption. A unidirectional causality is found running from trade openness to carbon dioxide emission and energy consumption and economic growth to carbon dioxide emissions. The results of causality analysis suggest that the trade liberalization in newly industrialized economies induces higher energy consumption and carbon dioxide emissions. Furthermore, the causality results are checked using an innovative accounting approach which includes forecast-error variance decomposition test and impulse response function. The long-run coefficients are estimated using fully modified ordinary least square (FMOLS) method, and results conclude that the trade openness and economic growth reduce carbon dioxide emissions in the long run. The results of FMOLS test sound the existence of environmental Kuznets curve hypothesis. It means that trade liberalization induces carbon dioxide emission with increased national output, but it offsets that impact in the long run with reduced level of carbon dioxide emissions.
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Weber, Rolf H.; Grosz, Mirina
2009-01-01
The automobile industry has received unprecedented governmental support during the ongoing economic crisis. Rescue packages have been provided to sustain the significant market branch and asserted key driver of growth, export, innovation, and jobs particularly in the EU and the United States and to avoid further downward spirals, which risk affecting the national economies on a wider scale. Since such tendencies can have trade distorting effects, however, the question arises whether the incre...
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Directory of Open Access Journals (Sweden)
Shamrai Yu.F.
2017-01-01
Full Text Available the article presents ways of development of a technological platform of the Russian economy and a role of new technologies and «human factor» in providing its competitiveness at a post-industrial stage. The author offers: education systems development, use of channels of the international migration of a skilled labor force, forming of the national market of new technologies, enhancement of interaction with the world market of new technologies.
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GAS AND COAL EXTRACTIVE INDUSTRY DURING THE SOCIALIST INDUSTRIALIZATION PERIOD (1948-1989
Directory of Open Access Journals (Sweden)
MARIUS BULEARCA
2015-12-01
Full Text Available This article shows that since 1949 the extractive industry has undergone a strong process of restructuring when enterprises were nationalized and a strict control over all components of the economy was established. The new leadership of the country had the intention of developing the industrial sector as well, basically laying the foundations of the new Romanian economy where the industrial sector economy would bring considerable income. This program will lead to the development of the energy sector in Romania also, thus contributing to a great extent to the development and consolidation of coal and gas extraction. Despite of all the economic and social development achieved during the period 1950-1989, at the end of it, Romania ranked a marginal position in the European countries hierarchy since between its level of development and the market economy developed countries large gaps in respect to the main economic and social indicators occurred.
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The Growth Points of Regional Economy and Regression Estimation for Branch Investment Multipliers
Directory of Open Access Journals (Sweden)
Nina Pavlovna Goridko
2018-03-01
Full Text Available The article develops the methodology of using investment multipliers to identify growth points for a regional economy. The paper discusses various options for the assessment of multiplicative effects caused by investments in certain sectors of the economy. All calculations are carried out on the example of economy of the Republic of Tatarstan for the period 2005–2015. The instrument of regression modeling using the method of least squares, permits to estimate sectoral and cross-sectoral investment multipliers in the economy of the Republic of Tatarstan. Moreover, this method allows to assess the elasticity of gross output of regional economy and its individual sectors depending on investment in various sectors of the economy. Calculations results allowed to identify three growth points of the economy of the Republic of Tatarstan. They are mining industry, manufacturing industry and construction. The success of a particular industry or sub-industry in a country or a region should be measured not only by its share in macro-system’s gross output or value added, but also by the multiplicative effect that investments in the industry have on the development of other industries, on employment and on general national or regional product. In recent years, the growth of the Russian was close to zero. Thus, it is crucial to understand the structural consequences of the increasing investments in various sectors of the Russian economy. In this regard, the problems solved in the article are relevant for a number of countries and regions with a similar economic situation. The obtained results can be applied for similar estimations of investment multipliers as well as multipliers of government spending, and other components of aggregate demand in various countries and regions to identify growth points. Investments in these growth points will induce the greatest and the most evident increment of the outcome from the macro-system’s economic activities.
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The Circular Economy: In Practice-focused Undergraduate Engineering Education
DEFF Research Database (Denmark)
Knudby, Torben; Larsen, Samuel
2017-01-01
The growth of the planet’s population makes the traditional industrial model of “take, make and waste” unsustainable. The circular economy, in which resources are continuously reused, offers a solution. For manufacturers of durable goods the circular economy requires a well-functioning circular...
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Opportunities for a Bio-based Economy in the Netherlands
Sanders, J.P.M.; Hoeven, van der D.A.
2008-01-01
The shift to a bio-based economy for the Netherlands is not only required because of climate change, but also for industrial strategy reasons. Traditional strongholds of the Dutch economy like the Rotterdam harbour, the agricultural sector (including the greenhouse sector, and food and feed
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Energy Technology Data Exchange (ETDEWEB)
Dieleman, J.P.C.; Hafkamp, W.A. [Erasmus Studiecentrum voor Milieukunde, Erasmus Universiteit Rotterdam, Rotterdam (Netherlands)
1999-05-19
June 18, 1997, the Dutch government presented the Memorandum Environment and Economy with the aim to contribute to integration of environment and economy and to stimulation the realization of a sustainable economy. Next to a vast overview of actions, ideas, perspectives, staring points, challenges and dilemmas to take into account when forming a sustainable economy, it is indicated in that Memorandum that there is a need for research and knowledge to compile relevant data and insight to support decision making processes. The aim of this report is to develop a framework in which knowledge questions can be generated. The questions that fall outside the framework of the Memorandum concern needs, values and images and are formulated in four groups: (1) what is the role of materialism and stress in processes of conventional economic growth?; (2) What is the importance of reduction of consumption ('consuminderen') and slowing down ('onthaasting' or dehasting) to realize a process of sustainable economic development; (3) which images form the basis of the present process of economic development, where do they come from and how do they change over time; and (4) which images of progression give direction to a sustainable economic development and how do they exist? The questions that follow the Memorandum concern decoupling (of environment and economy), sustainable consumption, knowledge economy, institutions and a process of change. Central in the framework of knowledge questions are questions, related to perspectives and actions, as formulated in the Memorandum for different sectors in the Dutch society: industry and services; agriculture and rural areas; and traffic, transport and infrastructure.
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Purist or Pragmatist? UK Doctoral Scientists' Moral Positions on the Knowledge Economy
Hancock, Sally; Hughes, Gwyneth; Walsh, Elaine
2017-01-01
Doctoral scientists increasingly forge non-academic careers after completing the doctorate. Governments and industry in advanced economies welcome this trend, since it complements the "knowledge economy" vision that has come to dominate higher education globally. Knowledge economy stakeholders consider doctoral scientists to constitute…
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Farrell, Diana
2003-10-01
During the soar-and-swoon days of the late 1990s, many people believed that information technology, and the Internet in particular, were "changing everything" in business. A fundamental change did happen in the 1990s, but it was less about technology than about competition. Under director Diana Farrell, the McKinsey Global Institute has conducted an extensive study of productivity and its connection to corporate IT spending and use during that period. The study revealed that information technology is important--but not central--to the fate of industries and individual companies. So if information technology was not the primary factor in the productivity surge, what was? The study points to competition and innovation. In those industries that saw increases in competitive intensity, managers were forced to innovate aggressively to protect their revenues and profits. Those innovations--in products, business practices, and technology--led to the gains in productivity. In fact, a critical dynamic of the new economy--the real new economy--is the virtuous cycle of competition, innovation, and productivity growth. Managers can innovate in many ways, but during the 1990s, information technology was a particularly powerful tool, for three reasons: First, IT enabled the development of attractive new products and efficient new business processes. Second, it facilitated the rapid industrywide diffusion of innovations. And third, it exhibited strong scale economies--its benefits multiplied rapidly as its use expanded. This article reveals surprising data on how various industries in the United States and Europe were affected by competition, innovation, and information technology in the 1990s and offers insights about how managers can get more from their IT investments.
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Applying a Virtual Economy Model in Mexico's Oil Sector
International Nuclear Information System (INIS)
Baker, G.
1994-01-01
The state of Mexico's oil industry, including the accomplishments of Pemex, Mexico's national oil company, was discussed, with particular reference to the progress made in the period of 1988-1994, and the outlook for innovations in the post-Salinas era. The concept of an evolutionary trend from a command economy (State as sole producer), towards market (State as regulator) or mixed economies (State as business partner) in developing countries, was introduced, placing Pemex within this evolutionary model as moving away from centralized control of oil production and distribution, while achieving international competitiveness. The concept of ''virtual market economy'' was also discussed. This model contains the legal basis of a command economy, while instituting modernization programs in order to stimulate market-economic conditions. This type of economy was considered particularly useful in this instance, sine it would allow Pemex units to operate within international performance and price benchmarks while maintaining state monopoly. Specific details of how Pemex could transform itself to a virtual market economy were outlined. It was recommended that Pemex experiment with the virtual mixed economy model; in essence, making the state a co-producer, co-transporter, and co-distributor of hydrocarbons. The effects of such a move would be to bring non-debt funding to oil and gas production, transmission, and associated industrial activities
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Characteristics of the Las Vegas/Clark County visitor economy
International Nuclear Information System (INIS)
1988-06-01
The purpose of this report is to present the results of a review of the Clark County visitor economy and the Clark County visitor. The review, undertaken in support of NWPO's two objectives mentioned above, addressed a number of topics including performance of the Clark County visitor economy as a generator of employment, earnings and tax base; importance of the Clark County visitor economy to the Nevada economy as a whole; elements of the Clark County visitor economy outside the Las Vegas strip and downtown areas; current trends in the Clark County visitor industry; and indirect economic effects of Clark County casino/hotel purchases
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Sustainable Development Strategy for Russian Mineral Resources Extracting Economy
Dotsenko, Elena; Ezdina, Natalya; Prilepskaya, Angelina; Pivnyk, Kirill
2017-11-01
The immaturity of strategic and conceptual documents in the sphere of sustainable development of the Russian economy had a negative impact on long-term strategic forecasting of its neo-industrialization. At the present stage, the problems of overcoming the mineral and raw material dependence, the negative structural shift of the Russian economy, the acceleration of the rates of economic growth, the reduction of technological gap from the developed countries become strategically in demand. The modern structure of the Russian economy, developed within the framework of the proposed market model, does not generate a sustainable type of development. It became obvious that in conditions of the market processes' entropy, without neo-industrial changes, the reconstruction of industry on a new convergence-technological basis and without increasing the share of high technology production the instability of macroeconomic system, the risks of environmental and economic security of Russia are growing. Therefore, today we need a transition from forming one industry development strategy to the national one that will take into account both the social and economic and environmental challenges facing Russia as a mineral resources extracting country.
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Laso Cortabitarte, Jara; Margallo Blanco, María; Celaya, Julia; Fullana i Palmer, Pere; Bala Gala, Alba; Gazulla Santos, Cristina; Irabien Gulías, José Ángel; Aldaco García, Rubén
2016-01-01
The anchovy canning industry has high importance in the Cantabria Region (North Spain) from economic, social and touristic points of view. The Cantabrian canned anchovy is world-renowned owing to its handmade and traditional manufacture. The canning process generates huge amounts of several food wastes, whose suitable management can contribute to benefits for both the environment and the economy, closing the loop of the product life cycle. Life cycle assessment methodology was used in this wo...
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Beldavs, Vid; Dunlop, David; Crisafulli, Jim; Bernard, Foing
2016-04-01
Introduction: The International Lunar Decade (ILD)[1] is a framework for international collaboration from 2020 to 2030 to achieve the ultimate goal in space -- to open the space frontier. Key to opening a frontier is the capacity to "live off the land" through in situ resource utilization (ISRU). Activities in space will remain limited to exploration until ISRU becomes possible on an industrial scale. ISRU, the mining and use of resources on the Moon, asteroids, comets and other cosmic bodies will enable the opening of the space frontier for permanent occupancy and settlement. The capacity for ISRU creates the basis for a space economy where products and services are traded for resources, and increasingly sophisticated products can be produced from mined resources to help sustain life indefinitely. Enabling ISRU will require infrastructure - energy, transportation, and communications systems, as well as navigation, storage and other support services. However, regolith or other lunar/asteroid material will remain regolith until converted to a form useful to customers that will enable the development of markets. NASA's Mars journey, various planetary missions, and emerging operations on the lunar surface and at EML1 and EML2 will provide initial markets for ISRU. This paper will explore a scenario explaining how a self-sustaining space economy can be achieved by 2030, what kind of infrastructure will need to be developed, the role of NASA's Mars Journey in the creation of markets for ISRU, and the role of private-public partnership for financing the various building blocks of a self-sustaining space economy. Also dis-cussed will be the potential for a Moon Village to serve as a formative structure for the nucleation of elements of an emerging space economy, including its potential role as a forum for actors to play a role in the development of governance mechanisms that eventually would enable commercial and industrial development of the Moon. References: [1] Beldavs
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Role of Food Logistics Management in a circular economy
Bloemhof-Ruwaard, J.M.; Groot, J.J.; Snels, J.C.M.A.
2016-01-01
In this paper we will discuss the role of food logistics management in a circular economy. Specific pillars in Circular Economy such as Closed Loop supply Chain management and Industrial Ecology will be discussed. Apart from a research agenda, we will provide exemplary cases in practice showing the
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Could small scale vegetable production contribute to a green economy in South Africa?
CSIR Research Space (South Africa)
Musvoto, Constansia D
2015-02-01
Full Text Available and produces for sale. Some of the practices on these farms are compatible with a green economy, and with interventions that improve alignment with green economy principles, small scale vegetable production could contribute to a green economy and open up...
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On Population Mobility in Market Economy
Institute of Scientific and Technical Information of China (English)
Yu Xianzhong
2005-01-01
Regular and extensive social population mobility in natural economy is neither necessary nor possible while in a planned economic system, social population distribution is necessary but social population mobility is unlikely. Modern market economy as a highly mobile economy has a free-mobile population characteristic of market economy, which is fundamental to optimize human resource distribution. The rule for the modern market-based population movement is as follows: If the mobile population is the rational behavior choosers, under the permissive developmental environment as arranged by the social system, they tend to move from low profit-making fields to high income fields when there exists comparable difference of income in different regions and different industries, and various potential and practical profit-making chances. The degree of difference in comparable income is positively co-relative to the velocity and flux of mobile population.
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Industrial zones and Arab industrialization in Israel
Sofer, Michael; Schnell, Izhak; Drori, Israel
1996-01-01
Since the 1970s there has been increased integration of the Arab sector into the Israeli economy. This integration has been characterized by the increase in industrial entrepreneurship in the Arab settlements. Critical to the industrialization process are factors related to the availability of
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International Nuclear Information System (INIS)
2006-01-01
The French minister of economy, finances and industry explains the reasons of the rise of oil prices (tensions on the supply and demand balance, late recovery of investments in producing countries, geopolitical factors) and the measures that the government wishes to implement in order to bear up this situation: project of merger between Gaz de France and Suez energy groups, change of oil companies behaviour with consumers (automotive fuels price transparency), energy saving information on all energy suppliers advertisements, reinforcement of energy independence (development of renewable energy sources and of alternate automotive fuels). (J.S.)
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KNOWLEDGE ASSETS IN SERVICES ACROSS INDUSTRIES AND ACROSS TIME
Directory of Open Access Journals (Sweden)
Erickson, G. Scott
2015-05-01
Full Text Available This paper explores the question of whether knowledge assets are more developed in services industries than in non-services. The concept of the “knowledge economy” has always gone hand-in-hand with growth in the percentage of the economy represented by services. Two multi-year, multi-industry datasets are used to directly compare the knowledge asset levels in service industry firms against those in non-service industry firms. Service industries do, indeed, reflect higher levels of intellectual capital in recent years, but did not do so a decade ago. Further, there is considerable evidence of changes in specific service and non-service industries over the time period, adding details to the finding that knowledge development is not static but does vary over time and circumstance. These results open up a number of promising research directions that could lead to a better understanding of the nature of these differing circumstances and how better strategic choices might be made regarding investments in knowledge management.
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Directory of Open Access Journals (Sweden)
ZHANG WEI-BIN
2016-04-01
Full Text Available The purpose of this study is to examine dynamic interactions among gold value, land price and economic structure in a growth model with capital accumulation. The paper proposes a two-sector general equilibrium model with land and gold prices as endogenous variables. The economy consists of industrial and agricultural sectors with fixed land and gold. Land is used for residential use and agricultural production and gold is used for saving and decorations. The portfolio equilibrium growth model is based on the neoclassical growth theory and Ricardian theory. We simulate the model to demonstrate that the economic system has a unique stable steady state. We show how exogenous changes in preference and technology affect the transitory processes and long-term equilibrium.
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Baumol's disease and dematerialization of the economy
Energy Technology Data Exchange (ETDEWEB)
Kander, Astrid [Department of Economic History, Box 7083, 220 07 Lund (Sweden)
2005-10-05
This paper argues that there is reason to be skeptical about the idea that the transition to a service economy will bring about dematerialization of production and consequent environmental improvement. This is because the shift to a service economy is an illusion in terms of real production, but is instead generated by the fall in the price of manufacturing goods relative to services, which is in turn caused by more rapid productivity growth in manufacturing than in services. This argument relies on the insights Baumol provided on the nature of the service economy and uses Swedish long-term data on relative sectoral development as an empirical illustration. On the other hand, the paper argues that there is reason to be cautiously optimistic that structural change may bring about a greening of growth, namely the changes in growth patterns sometimes labeled the third industrial revolution, which is connected to the emergence of microelectronics. Swedish CO{sub 2} emissions show a decline after 1970, which is mainly explained by a politically driven change in the mix of energy carriers, but is also related to the stabilization of energy consumption. This energy stabilization was caused by slow growth of the economy in conjunction with substantial declines in energy intensity within industrial sectors and an absence of relative growth of the heavy sectors, a growth that had marked the economy between 1870 and 1970. Microelectronics have contributed to permanently transforming the Swedish industrial sector in a lighter direction, reducing energy losses in heavy industries and stabilizing household energy consumption. So it appears as if there may be some environmental gains from this development that was initiated in the 1970s, but not from relatively more production in the service sector.
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Emerging from the tragedies in Bangladesh: a challenge to voluntarism in the global economy.
Claeson, Björn Skorpen
2015-02-01
Under the regime of private company or multi-stakeholder voluntary codes of conduct and industry social auditing, workers have absorbed low wages and unsafe and abusive conditions; labor leaders and union members have become the targets of both government and factory harassment and violence; and trade union power has waned. Nowhere have these private systems of codes and audits so clearly failed to protect workers as in Bangladesh's apparel industry. However, international labor groups and Bangladeshi unions have succeeded in mounting a challenge to voluntarism in the global economy, persuading more than 180 companies to make a binding and enforceable commitment to workers' safety in an agreement with 12 unions. The extent to which this Bangladesh Accord will be able to influence the entrenched global regime of voluntary codes and weak trade unions remains an open question. But if the Accord can make progress in Bangladesh, it can help to inspire similar efforts in other countries and in other industries. © 2015 SAGE Publications.
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Directory of Open Access Journals (Sweden)
Payomrat Ruangrit
2015-11-01
Full Text Available This research study is a qualitative research which aims to (1 study the background of Phanan pandanus weaving handicraft, (2 study the problems encountered in development of Phanan pandanus weaving handicraft for the furniture industry, and (3 determine appropriate ways to develop suitable pandanus handicraft designs to promote the creative economy. The target area of this research was composed of three Thai provinces; Trang, Krabi and Satun. The research methods were study of books and printed matters, observation, interviews, group discussions and a workshop. The research findings revealed that the background and current status of Phanan pandanus weaving in each target group was similarly initiated as an ancestral legacy. Learning skill was acquired through observation without any particular textbooks. The learning activity was first started with small groups, which were extended into large groups with 20-30 members. The average age of group members is 40 years and older, with educational levels between Prathom 6 (upper primary to Mathayom 6 (upper secondary. The products made by each group are similar. In terms of the marketplace, each group aims at the domestic market. Each member earns approximately 2,500-6,000 baht per month. In terms of the problems of Phanan pandanus weaving, handicraft production mainly suffers from a lack of designers, lack of support from the government sector, unaffordable costs of hiring designers, lack of creativity in producing new products and inability to produce large quantities of products due to time consumption. According to the research findings, there are 3 guideline areas for development of Phanan pandanus handicraft design for the furniture industry in promotion of creative-based economy: (1 Guidelines for development of pandanus handicraft design; (2 Guidelines for management; (3 Guidelines for the incorporation of other equipment and materials.
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Credit policy, inflation and growth in a financially repressed economy
van Wijnbergen, S.J.G.
1983-01-01
This paper analyzes credit policy in an open economy macro-model incorporating stylized facts about the financial sector of less developed countries. The Keynes-Wicksell growth model is applied in view of the transmission channel of monetary policy into the supply side of the economy via the cost of
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Eco-industrial zones in the context of sustainability development of urban areas.
Sacirovic, Selim; Ketin, Sonja; Vignjevic, Nada
2018-03-04
Industry is one of the main activities in the city and in many cities of the world, and the dominant industrial zones are the most significant morphological forms of concentration of industrial facilities in the city and are concentrated industrial and business activity. Industrial parks combine activities related to energy and resource consumption, emissions, waste generation, economic benefits, and regional development. The focus of this work is the path of transformation between the present and the vision of a sustainable city in the future. The problem and the subject of research related to two related objects of research: the city and sustainable development. In this paper, the co-author's industrial symbiosis parks, modern tendencies of the spatial distribution of productive activities, circular economy, to attract leading corporations and open the way for new ventures while preserving the living environment in an urban area.
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Effect of the Northern Sea Route Opening to the Shipping Activities at Malacca Straits
Directory of Open Access Journals (Sweden)
N.S.F. Abdul Rahman
2014-12-01
Full Text Available The opening of the Northern Sea Route as an alternative route for transporting cargoes between the Far East and Europe seems highly acceptable by shipping companies due to the great saving in fuel consumption, bunker cost, operating cost, emissions and journey time. This situation will not only affect the maritime business activity in the Straits of Malacca but also, the Malaysian economy in different perspectives when the vessels sail via the Suez Canal and the Indian Ocean are expected to decrease. The objective of this study is to analyse the implication in the opening of the Northern Sea Route on Maritime Sector of the Malaysian economy by using PESTEL analysis. The main scope is focusing more on the Malacca Straits shipping activity by using a number of parameters that have been obtained from Port Klang and Port Klang Authority through a set of questionnaires and interview sessions with industrial experts.
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The significance of energy for the economy
International Nuclear Information System (INIS)
Spreng, D.; Schwarz, J.
1993-01-01
The importance of energy for the economy is described here in practical terms. This is meant for the works and workshop manager, maintenance chief, energy specialist, sales staff of industrial and business organisations. The term 'potential for saving energy' is extensively discussed. Statistical research shows a clear connection between energy application and growth of the economy. Fact: a rational use of energy is worth while in many aspects. figs., tabs., 14 refs
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Potential of forestry biomass for energy in economies in transition
International Nuclear Information System (INIS)
Apalovic, R.
1995-01-01
A rapid increase in the world's population, the gradual exhaustion of fossil fuels and serious ecological problems are making developed countries more attentive to the utilization of renewable energy sources, mainly biomass, which should form part of the global energy mix during the twenty-first century. The economies in transition have been experiencing a transformation of their political, economic and social systems and a modernization of their industry, including the energy industry. Energy supply in the transition economies is based on coal, oil, gas and nuclear power. Of the renewable sources, only hydroelectric power is utilized to any significant extent. The forest biomass resources of these economies are quantified in this paper. The economies in transition have a big potential for biomass from forestry and timber industry wastes and agricultural wastes that are not being utilized and could become a source of energy. So far, biomass is used as a source of energy in only small amounts in the wood and pulp industries and as fuelwood in forestry. The governments of some countries (the Czech Republic, Hungary and Slovakia) have energy plans through the year 2010 that aim to develop renewable energy sources. Economic, institutional, technical and other barriers to the development of renewable sources and their utilization are analysed in this paper and some remedies are proposed. In cooperation with countries such as Austria, Denmark, Sweden, Finland, the United States of America and others, which have achieved remarkable results in the utilization of biomass for energy, it would be possible for the transition economies to quickly develop the technological know-how needed to satisfy the demand for energy of approximately 350 million inhabitants. (author)
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Chen, Yuxiu; Yu, Jian; Li, Li; Li, Linlin; Li, Long; Zhou, Jie; Chen, Quan
2018-01-01
Green development has been of particular interest to a range of industries worldwide, one of which being the air transportation industry (ATI). The energy conservation and emission reduction (ECER) projects of the ATI have a huge impact on the local economy. In this study, the input-output method was used to analyze the indirect economic impact of the implementation of the ECER projects of the ATI on the local economy of the Beijing-Tianjin-Hebei (BTH) region. We examined the direct benefits, backward spread effects, forward spread effects, and consumption multiplier effects. The final results showed that the comprehensive economic income from 2011–2013 in the BTH region reached RMB 4.74 billion. The results revealed that the ECER projects commissioned by the ATI were worth investing from both the economic and social benefits perspectives. To increase the green development effects and promote the sustainable development of the ATI, the special funds provided by the Civil Aviation Administration of China should be invested intensively in basic green technology research and setting green regulating and governance rules. PMID:29677160
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Chen, Yuxiu; Yu, Jian; Li, Li; Li, Linlin; Li, Long; Zhou, Jie; Tsai, Sang-Bing; Chen, Quan
2018-04-20
Green development has been of particular interest to a range of industries worldwide, one of which being the air transportation industry (ATI). The energy conservation and emission reduction (ECER) projects of the ATI have a huge impact on the local economy. In this study, the input-output method was used to analyze the indirect economic impact of the implementation of the ECER projects of the ATI on the local economy of the Beijing-Tianjin-Hebei (BTH) region. We examined the direct benefits, backward spread effects, forward spread effects, and consumption multiplier effects. The final results showed that the comprehensive economic income from 2011⁻2013 in the BTH region reached RMB 4.74 billion. The results revealed that the ECER projects commissioned by the ATI were worth investing from both the economic and social benefits perspectives. To increase the green development effects and promote the sustainable development of the ATI, the special funds provided by the Civil Aviation Administration of China should be invested intensively in basic green technology research and setting green regulating and governance rules.
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Directory of Open Access Journals (Sweden)
Yuxiu Chen
2018-04-01
Full Text Available Green development has been of particular interest to a range of industries worldwide, one of which being the air transportation industry (ATI. The energy conservation and emission reduction (ECER projects of the ATI have a huge impact on the local economy. In this study, the input-output method was used to analyze the indirect economic impact of the implementation of the ECER projects of the ATI on the local economy of the Beijing-Tianjin-Hebei (BTH region. We examined the direct benefits, backward spread effects, forward spread effects, and consumption multiplier effects. The final results showed that the comprehensive economic income from 2011–2013 in the BTH region reached RMB 4.74 billion. The results revealed that the ECER projects commissioned by the ATI were worth investing from both the economic and social benefits perspectives. To increase the green development effects and promote the sustainable development of the ATI, the special funds provided by the Civil Aviation Administration of China should be invested intensively in basic green technology research and setting green regulating and governance rules.
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Energy Technology Data Exchange (ETDEWEB)
NONE
2010-12-15
A bio-based economy is one in which enterprises manufacture non-food products from biomass. Such products include fuel for the transport industry, chemicals, materials, and energy. Biomass is the biological material of living or recently living organisms, either animal or vegetable. With technology becoming more sophisticated, it is growing easier to turn plants, trees, crops, and residual animal waste into biomass. Waste and waste streams are increasingly being used as input in production processes, thereby gaining an economic value of their own. They are giving rise to new, sustainable products with considerable added value that replace products based on non-renewable materials. New bio-based products may offer the Netherlands new economic opportunities. The Dutch can already boast a number of distinct advantages in that respect, thanks to the sophistication of their industrial sector, agro-industry, chemicals and energy industries, and transport and logistics sector - all key sectors in a bio-based economy. However, the growing world population and increasing level of prosperity worldwide, and the environmental and climate problems associated with such growth, are adding to the complexity of policy-making aimed at developing a bio-based economy. The shift from fossil-based to bio-based materials must be part of a comprehensive policy aimed at achieving a sustainable economy. [Dutch] In dit advies gaat de SER in op mogelijkheden en knelpunten van de biobased economy. In een biobased economy dienen plantaardige en dierlijke biomassa (zoals gewassen, planten, snijafval, mest) als groene grondstoffen om non-food producten mee te maken (denk aan cosmetica, bioplastics, brandstoffen). De SER vindt dat de rijksoverheid stevig moet inzetten op een biobased economy met meer gesloten kringlopen. Dit draagt immers bij aan economische groei en aan een meer duurzame economie (gesloten kringlopen, gunstige arbeidsomstandigheden)
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Comparative Political Economy and International Migration
Afonso, A.; Devitt, C.
2016-01-01
This article provides an overview of the literature connecting comparative political economy and international migration in advanced industrialized countries with a focus on the relationship between labour migration, labour markets and welfare institutions. Immigration flows and policies are
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The Colima Economy from fifties to the eighties
Directory of Open Access Journals (Sweden)
José Luis Villa Aguijosa
2008-03-01
Full Text Available The economic development of Colima, from 50s to 80s decades, was characterized for three stages which are differentiated for some certain features given by the roll that plays the economic sectors from the behaviour of some basic indicators of economic activities like port, agricultural, tourism, mining and industry, an for the economic strategy proposed during these years.In the 50s and 60s years, the economic of Colima took two fundamental characteristics which transcendent to the 70s decade: the supremacy in the participation in the agricultural sector in the gross state product, specialy given with impulse of the industrialization agricultural, and the mining activation, transforming in the base of economic development to Colima. The second stage, is in the 70s decade, and is characterized by the dynamic that industrial stage takes above other sectors with more slowly growing tax, besides it is characterized for one reduction of the growth tax of the gross estate product.The characteristics of economic development of Colima during these years are: standstill of the agricultural activity, trade and services, growth of industry, the urbanization and new economic profile, and makes the bases from the new economic profile of the 80s, in the context of the trade opening. The economy of Colima presented a regional polarization of the activities, a deficient communications and transports, a tourist potential misuse, an important growing of the industrial activities, and the necessity to expand the potential of the Manzanillo port and their big expectatives in the Mexican pacific, and an important growing of an industrial sector highly polarized. This panorama impacted in the profile of the development of Colima in the next decade.The third moment which crosses the economic of Colima, and is presented in the decade of the 80s, is characterized by the beginning of an economic model based in the planning which ;designs; an integrated Colima to the
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Sipping fuel and saving lives: increasing fuel economy withoutsacrificing safety
Energy Technology Data Exchange (ETDEWEB)
Gordon, Deborah; Greene, David L.; Ross, Marc H.; Wenzel, Tom P.
2007-06-11
The public, automakers, and policymakers have long worried about trade-offs between increased fuel economy in motor vehicles and reduced safety. The conclusion of a broad group of experts on safety and fuel economy in the auto sector is that no trade-off is required. There are a wide variety of technologies and approaches available to advance vehicle fuel economy that have no effect on vehicle safety. Conversely, there are many technologies and approaches available to advance vehicle safety that are not detrimental to vehicle fuel economy. Congress is considering new policies to increase the fuel economy of new automobiles in order to reduce oil dependence and reduce greenhouse gas emissions. The findings reported here offer reassurance on an important dimension of that work: It is possible to significantly increase the fuel economy of motor vehicles without compromising their safety. Automobiles on the road today demonstrate that higher fuel economy and greater safety can co-exist. Some of the safest vehicles have higher fuel economy, while some of the least safe vehicles driven today--heavy, large trucks and SUVs--have the lowest fuel economy. At an October 3, 2006 workshop, leading researchers from national laboratories, academia, auto manufacturers, insurance research industry, consumer and environmental groups, material supply industries, and the federal government agreed that vehicles could be designed to simultaneously improve safety and fuel economy. The real question is not whether we can realize this goal, but the best path to get there. The experts' studies reveal important new conclusions about fuel economy and safety, including: (1) Vehicle fuel economy can be increased without affecting safety, and vice versa; (2) Reducing the weight and height of the heaviest SUVs and pickup trucks will simultaneously increase both their fuel economy and overall safety; and (3) Advanced materials can decouple size from mass, creating important new possibilities
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The deregulation of network industries: is the electricity sector an exception?
International Nuclear Information System (INIS)
Coppens, F.; Vivet, D.
2006-01-01
In view of their special characteristics, network industries have for quite a long time been considered as (natural) monopolies. Network externalities and economies of scale in particular justified this (natural) monopoly thesis. Since the last decade of the past century, however, a trend towards deregulation of such industries has been observed worldwide. This trend started with the successful introduction of competition in the telecommunications sector. The success in that sector is often used as an argument for opening up other network industries to competition as well. The study analyses whether this reasoning can be applied to the electricity sector. At first glance, the sectors electricity and telecommunications seem very similar, as both are network industries having been characterised for a long time by economies of scale, but for which technological progress may have put an end to this scale effect. However, the study points out that there are important differences. In the telecommunications sector, technological progress on the supply side has been accompanied by a strong growth in demand. There is no such demand side effect in the electricity branch. Moreover, due to physical characteristics, the electricity sector seems to be more complicated. In order to introduce competition, the sector has to be split up into sub-sectors (production, transmission, distribution and supply). Only two segments, production and supply, are considered as open markets; transmission and distribution, on the other hand, remain monopolies. This splitting up, however, entails a new kind of costs, the so-called transaction costs. As such the gains from the liberalization in certain segments might (partly) offset increase in the transaction costs resulting from vertical disintegration. (authors)
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Optimization models in a transition economy
Sergienko, Ivan V; Koshlai, Ludmilla
2014-01-01
This book opens new avenues in understanding mathematical models within the context of a transition economy. The exposition lays out the methods for combining different mathematical structures and tools to effectively build the next model that will accurately reflect real world economic processes. Mathematical modeling of weather phenomena allows us to forecast certain essential weather parameters without any possibility of changing them. By contrast, modeling of transition economies gives us the freedom to not only predict changes in important indexes of all types of economies, but also to influence them more effectively in the desired direction. Simply put: any economy, including a transitional one, can be controlled. This book is useful to anyone who wants to increase profits within their business, or improve the quality of their family life and the economic area they live in. It is beneficial for undergraduate and graduate students specializing in the fields of Economic Informatics, Economic Cybernetic...
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Gregor Bäurle; Daniel Kaufmann
2014-01-01
We analyse nominal exchange rate and price dynamics after risk premium shocks with short-term interest rates constrained by the zero lower bound (ZLB). In a small-open-economy DSGE model, temporary risk premium shocks lead to shifts of the exchange rate and the price level if a central bank implements an inflation target by means of a traditional Taylor rule. These shifts are strongly amplified and become more persistent once the ZLB is included in the model. We also provide empirical support...
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Environmental economy account for Denmark 2003
International Nuclear Information System (INIS)
Anon.
2005-01-01
The environmental economy account for Denmark shows that the contribution to acidification in Denmark increased with 1% from 2002 to 2003, while the contribution to the greenhouse effect increased with 11,3%. The latter covers an increase of 19,3 % from the energy supply and an increase of 22,4% from Danish ships' bunkering outside Denmark. The environmental account for Denmark presents accounts of the energy consumption (and water consumption) of the industrial branches and the households together with their emission of pollutants to the atmosphere. The account also contains information about the environmental taxes and subsidies that rest with industry and households. Finally, volume and value are presented of the oil and gas reserves in the North Sea. The environmental account combines environmental data with the Danish National Accounts, making it possible to analyse the relation between economy and environment. (ln)
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Environmental economy account for Denmark 2004
International Nuclear Information System (INIS)
Anon.
2006-01-01
The environmental economy account for Denmark shows that the contribution to acidification in Denmark decreased with 5,2% from 2003 to 2004, while the contribution to the greenhouse effect decreased with 4,4%. The reserves of petroleum and natural gas increased in 2004 with 14 b.DKK to 232 b.DKK. The environmental account for Denmark presents accounts of the energy consumption (and water consumption) of the industrial branches and the households together with their emission of pollutants to the atmosphere. The account also contains information about the environmental taxes and subsidies that rest with industry and households. Finally, volume and value are presented of the oil and gas reserves in the North Sea. The environmental account combines environmental data with the Danish National Accounts, making it possible to analyse the relation between economy and environment. (ln)
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China’s Strategic Choice of the Coal Industry
DEFF Research Database (Denmark)
Guo, Zhengquan; Niu, Dongxiao; Wang, Daojuan
2012-01-01
Coal mining industry is one of the most influential industries on environment pollution. In recent years, most studies have shown that green and circular economy is the way to solve the deteriorative environment issue. After introducing green economy theory, including background, concept......, and features, the paper gives us the strategic choice of China’s coal industry. By theoretical analysis, many suggestions have been proposed, including establishment of a people-oriented scientific development ideology, strengthening the implementation of green mining model, encouraging the development...... of circular economy model, promoting coal industrial technological progress, improving management and security technological innovation....
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van Loenen, B.; Welle Donker, F.M.; Ploeger, H.D.
2016-01-01
Onderzoek uitgevoerd in opdracth van RIVM.
Open data is een van de pijlers van onze informatie-economie en van een transparante overheid. Ook de minister van de minister van Volksgezondheid, Welzijn en Sport (VWS) heeft in 2015 aangekondigd werk te gaan maken van open data in de zorg. Naast het -
Private Equity Capital in a Less Developed Economy: Evidence, Issues and Perspectives
Directory of Open Access Journals (Sweden)
Melusi Mpofu
2015-10-01
Full Text Available This study investigates the structure of the private equity industry and issues that impact on its development and growth in Zimbabwe. Studies conducted internationally have unequivocally demonstrated the importance of private equity investments in assisting firms at start/growth phase and decline phase. However there is a dearth of literature on how these financial intermediaries assist in unlocking firm value from an emerging markets perspective. The study uses the document analysis and an exploratory research paradigms to achieve the stated objectives. The study finds that the venture capital industry in Zimbabwe mimics similar industries in other countries except that it is constrained by market liquidity. Lack of regulation and viable business sectors coupled with excessive risks in the political economy narrows the scope of private equity operations. Several issues impacting on the development of the private equity industry are identified and evaluated. The study has policy implications for the development of regulatory framework to bolster the growth of the private equity industry in emerging market economies. This study provides new evidence and policy suggestions on the operations of the private equity industry in a liquidity constrained and less developed economy.
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Directory of Open Access Journals (Sweden)
Н. В. Василенко
2017-10-01
Full Text Available The article is devoted to the problem of development of oil and gas service. The transformation of the oil and gas sector with the separation of independent enterprises and organizations providing services in the oil and gas service sector is compared by the author with the trend of rapid development of the service sector in the postindustrial economy. The purpose of the study is to identify the general and specific characteristics of modern oil and gas services and to determine the directions for the transformation of organizational forms of entrepreneurship in the sphere under consideration. The growth of quantitative parameters of the oil and gas services market has been analyzed. The classification of this market is proposed depending on the place of services in a single technological cycle in relation to the main oil production process. The positive consequences of the development of oil and gas services for the development of oil and gas production have been systematized. Basic organizational models of entrepreneurship development in oil and gas service are generalized and substantiated. It is shown that the main influence in the market of services is taken by vertically integrated national oil and gas companies, as well as by international companies that provide service support for the work of Russian oil and gas companies. The results of a comparative analysis of advantages and disadvantages of organizational models of entrepreneurship in the field of oil and gas services are presented. It is proved that oil and gas service as an organizational form of entrepreneurship in its development reflects the general trends of the post-industrial economy. Specific features of oil and gas service in Russia are singled out. The revealed directions of transformation of organizational forms of entrepreneurship in the sphere of oil and gas service in current conditions can be used in the formation of state programs in the field of industrial
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Optimal environmental policy differentials in open economies under emissions constraints
Withagen, C.A.A.M.; Florax, R.J.G.M.; Mulatu, A.
2007-01-01
Is there a case for preferential treatment of the exposed sector in an economy when compliance to an aggregate emissions constraint induced by an international environmental agreement is mandatory? This question is being debated in many countries in the context of the implementation of the Kyoto
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Possibilities in concrete industry towards circular economy through industrial symbiosis
Directory of Open Access Journals (Sweden)
Bjegović Dubravka
2014-01-01
Full Text Available Major challenges of traditional linear concrete industry are utilisation of large amount of non-renewable resources and significant air emissions during production, utilisation and demolition of concrete structures. At the same time, concrete industry has a high potential for a positive shift towards more sustainable production and lower ecological footprint. One of the strategies is to use waste materials and byproducts from other industries as valuable raw materials in concrete industry. This loop can be closed only by taking into account properties of a certain waste material and using them for preparation of special purpose concrete products, in which these properties are favourable. Other strategy is designing concrete tailored for certain environment and service life, making it optimised for that specific purpose. The paper presents some of the available waste and recycled materials in Croatia and research focused on their potential application in civil engineering. The possibilities of utilisation are first explored in laboratory conditions, with the results presented in this paper as an outcome. Based on the obtained results some of the potential areas of application are proposed, in which concrete prepared with these waste materials becomes alternative to classical concrete. Both original scientific research results are presented, but also prototype of products produced based on the scientific research.
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INDUSTRI KREATIF INDONESIA: PENDEKATAN ANALISIS KINERJA INDUSTRI
Directory of Open Access Journals (Sweden)
Ahmad Kamil
2015-10-01
Full Text Available In 2008, the Department of Commerce of the Republic of Indonesia has launched a creative economic development documents interpreted the 2025 Indonesia became the starting point and guide the development of the creative economy in Indonesia. With the existence of this document, the industry and its stakeholders or other stakeholders can readily develop the creative economy in Indonesia. Economic development in the direction of the creative industries is one manifestation of optimism aspiration to support the Master Plan for the Acceleration and Expansion of Indonesia's Economic Development in realizing the vision of Indonesia are being developed nation. The main objective of this study is the first to analyze the role of the creative industries in Indonesia for labor, value added and productivity, secondly, to analyze the performance trend of the creative industries sector, and third, to analyze the factors affecting the performance of the creative industries sector in Indonesia. Under Indonesia Standard Industrial Classification (ISIC and codes 151-372 (manufacturing industries category identified 18 industry groups belonging to the creative industries, showed that the performance of the national creative industries has been relatively high (in terms of trend analysis of the performance of the industrial creative. Furthermore, regression analysis of panel data (econometrics indicates that company size (SIZE, wages for workers (WAGE and the content of local inputs (LOCAL has a significant impact on the performance of Indonesia's creative industry. Meanwhile, the concentration ratio (CR4 no consequences but have koresi significantly positive effect on the performance of Indonesia’s creative industry.
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Clean energy and the hydrogen economy.
Brandon, N P; Kurban, Z
2017-07-28
In recent years, new-found interest in the hydrogen economy from both industry and academia has helped to shed light on its potential. Hydrogen can enable an energy revolution by providing much needed flexibility in renewable energy systems. As a clean energy carrier, hydrogen offers a range of benefits for simultaneously decarbonizing the transport, residential, commercial and industrial sectors. Hydrogen is shown here to have synergies with other low-carbon alternatives, and can enable a more cost-effective transition to de-carbonized and cleaner energy systems. This paper presents the opportunities for the use of hydrogen in key sectors of the economy and identifies the benefits and challenges within the hydrogen supply chain for power-to-gas, power-to-power and gas-to-gas supply pathways. While industry players have already started the market introduction of hydrogen fuel cell systems, including fuel cell electric vehicles and micro-combined heat and power devices, the use of hydrogen at grid scale requires the challenges of clean hydrogen production, bulk storage and distribution to be resolved. Ultimately, greater government support, in partnership with industry and academia, is still needed to realize hydrogen's potential across all economic sectors.This article is part of the themed issue 'The challenges of hydrogen and metals'. © 2017 The Author(s).
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The Bio-Economy Concept and Knowledge Base in a Public Goods and Farmer Perspective
Directory of Open Access Journals (Sweden)
Otto Schmidt
2012-05-01
Full Text Available Currently an industrial perspective dominates the EU policy framework for a European bio-economy. The Commission’s proposal on the bio-economy emphasises greater resource-efficiency, largely within an industrial perspective on global economic competitiveness, benefiting capital-intensive industries at higher levels of the value chain. However a responsible bio-economy must initially address the sustainable use of resources. Many farmers are not only commodity producers but also providers of quality food and managers of the eco-system. A public goods-oriented bio-economy emphasises agro-ecological methods, organic and low (external input farming systems, ecosystem services, social innovation in multi-stakeholder collective practices and joint production of knowledge. The potential of farmers and SMEs to contribute to innovation must be fully recognised. This approach recognises the importance of local knowledge enhancing local capabilities, while also accommodating diversity and complexity. Therefore the bio-economy concept should have a much broader scope than the dominant one in European Commission innovation policy. Socio-economic research is needed to inform strategies, pathways and stakeholder cooperation towards sustainability goals.
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Directory of Open Access Journals (Sweden)
Nan Xiang
2013-11-01
Full Text Available To achieve a low-carbon economy, China has committed to reducing its carbon dioxide (CO2 emissions per unit of gross domestic product (GDP by 40%–45% by 2020 from 2005 levels and increasing the share of non-fossil fuels in primary energy consumption to approximately 15%. It is necessary to investigate whether this plan is suitable and how this target may be reached. This paper verifies the feasibility of achieving the CO2 emission targets by energy and industrial structure adjustments, and proposes applicable measures for further sustainable development by 2020 through comprehensive simulation. The simulation model comprises three sub-models: an energy flow balance model, a CO2 emission model, and a socio-economic model. The model is constructed based on input-output table and three balances (material, value, and energy flow balance, and it is written in LINGO, a linear dynamic programming language. The simulation results suggest that China’s carbon intensity reduction promise can be realized and even surpassed to 50% and that economic development (annual 10% GDP growth rate can be achieved if energy and industrial structure are adjusted properly by 2020. However, the total amount of CO2 emission will reach a relatively high level—13.68 billion tons—which calls for further sound approaches to realize a low carbon economy, such as energy utilization efficiency improvement, technology innovation, and non-fossil energy’s utilization.
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Potential of forestry biomass for energy in economies in transition
Energy Technology Data Exchange (ETDEWEB)
Apalovic, R [State Forest Products Research Institute and Slovak Biomass Association, Bratislava (Slovakia)
1995-12-01
A rapid increase in the world`s population, the gradual exhaustion of fossil fuels and serious ecological problems are making developed countries more attentive to the utilization of renewable energy sources, mainly biomass, which should form part of the global energy mix during the twenty-first century. The economies in transition have been experiencing a transformation of their political, economic and social systems and a modernization of their industry, including the energy industry. Energy supply in the transition economies is based on coal, oil, gas and nuclear power. Of the renewable sources, only hydroelectric power is utilized to any significant extent. The forest biomass resources of these economies are quantified in this paper. The economies in transition have a big potential for biomass from forestry and timber industry wastes and agricultural wastes that are not being utilized and could become a source of energy. So far, biomass is used as a source of energy in only small amounts in the wood and pulp industries and as fuelwood in forestry. The governments of some countries (the Czech Republic, Hungary and Slovakia) have energy plans through the year 2010 that aim to develop renewable energy sources. Economic, institutional, technical and other barriers to the development of renewable sources and their utilization are analysed in this paper and some remedies are proposed. In cooperation with countries such as Austria, Denmark, Sweden, Finland, the United States of America and others, which have achieved remarkable results in the utilization of biomass for energy, it would be possible for the transition economies to quickly develop the technological know-how needed to satisfy the demand for energy of approximately 350 million inhabitants. (author) 6 refs, 4 figs, 4 tabs
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Energy Technology Data Exchange (ETDEWEB)
Thumann, J.R. [Bundesverband der Deutschen Industrie e.V., Berlin (Germany)
2007-07-15
'The Use of Nuclear Power for Peaceful Purposes' is a key topic in energy policy which produces a split of opinions in Germany, and which the policy of the Grand Coalition seeks to bypass. The Federation of German Industries (BDI) wants to achieve a sensible way of handling this source of energy because, after all, we are facing the challenge of having to secure economic development and prosperity and, at the same time, reduce global CO{sub 2} emissions. If this is to be achieved, industry and politics together must build a bridge into a future with less CO{sub 2}. That bridge would be supported on 4 pillars: - a global strategy of CO{sub 2} reduction, - energy efficiency, - a broad energy mix, - energy research and development. In these efforts, industry and the BDI consider nuclear power an indispensable part of a viable climate and energy policy. Next to lignite, nuclear power offers electricity generation at the lowest cost, and promotes climate protection through CO{sub 2}-free generation. As far as energy efficiency and a broad energy mix are concerned, the potentials for technical development play an important role. This is an area in which German industry can develop future markets for itself by being a leader in technology. Energy research should advance the development of existing technologies and open up new options. In this way, energy research contributes to high technologies in Germany. For nuclear power, it must be ensured that German scientists are able to participate in promising developments of new reactors in the same way in which this is the case in the development and construction of ITER, the international fusion reactor, in France. (orig.)
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International Nuclear Information System (INIS)
Bordigoni, Mathieu
2013-01-01
After a large introduction on the variations of energy prices (in relationship with energy sources, with end users, with competitiveness), on what can be found in the literature on competitiveness in the industry in relationship with energy, and on the current debates on energy prices and energy transition, this report discusses the variations of energy prices among countries and among industrial sectors, outlines that high oil prices threaten more economic growth than competitiveness, notices that countries possessing abundant energy resources tend to be specialised in intensive industries, that energy prices tends to have an important impact on competitiveness in some specific sectors, outlines that shale gases boost the demand of the whole American economy but that the associated competitiveness improvement rather concerns energy intensive sectors, and finally discusses the energy issue at a European level
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Gender and Work in Capitalist Economies
Odih, Pamela
2007-01-01
From the industrial revolution through to more recent advances in information technology, radical changes in working practices have accelerated rates of production to previously unimaginable levels. The establishment of wage relations, in the second half of the 19th Century, precipitated the rise of the 'employment society' and a movement towards synchronized work. Industrialization epitomized the capitalist definition of work time. \\ud \\ud In Gender and Work in Capitalist Economies, Pamela O...
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Energy Technology Data Exchange (ETDEWEB)
Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)
1998-11-01
The transition of Eastern Europe to Western-type liberal capitalism has been interpreted as an important step towards a more ecologically sustainable Europe. The main argument has been that the energy efficiency of the West-European economy will be imported to Eastern Europe and lead to lower energy consumption and lower pollution. This line of argumentation seems sound as far as the industrial sector is concerned. However, it does not take into consideration the energy and pollution bill of the lavish lifestyle of modern consumer-oriented societies. A shift away from the moderate private consumption of East-European Communism, towards the Western consumerist lifestyle may diminish or even abolish the positive ecological effects of the East-European transition to a competitive market economy. The article explores energy consumption and pollution patterns of Eastern and Western Europe both as far as industrial and domestic end-user consumption is concerned. The article argues that these patterns are related to basic characteristics of the communist and capitalist systems and that pollution and energy use are fundamentally conditioned by the overall political economy. 18 refs., 14 figs., 1 tab., 1 app.
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Efficient, equitable and sustainable energy policy in a small open economy: Concepts and assessments
International Nuclear Information System (INIS)
Chang, Youngho; Fang, Zheng
2017-01-01
This study aims to develop three broadly defined concepts of designing and evaluating energy policy of a small open economy, namely, efficiency, equity, and sustainability which are applied to Singapore. By analysing the historical energy and economic data and examining energy policies and programs implemented, this study finds that (1) energy intensity improves over time and three strategies employed to improve energy efficiency - tariffs, deregulation and setting energy standards - are found to have some positive effects. (2) A utility rebate programme is implemented and revised continuously to achieve equity in energy consumption across Singapore households. (3) By the weak concept of sustainability, Singapore is considered marginally sustainable. Institutional, technological and market-based approaches are being implemented to increase energy efficiency, improve energy equity and secure sustainability. - Highlights: • Three concepts of designing and evaluating energy policy are developed. • Efficiency, equity and sustainability are the three concepts. • Three strategies are identified in improving energy efficiency. • A utility rebate programme is to achieve equity in energy consumption across households. • Institutional and market-based approaches are to secure sustainable energy supply.
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Olsson, Ulf
2014-01-01
Scientists from five Swedish universities were interviewed about open second cycle education. Research groups and scientists collaborate closely with industry, and the selection of scientists for the study was made in relation to an interest in developing technology-enhanced open education, indicated by applications for funding from the Knowledge…
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Economy and greenhouse effect. The money and the weather
International Nuclear Information System (INIS)
Ekeland, I.; Brandouy, O.
2007-01-01
The economy theory of the growth is not really adapted to the environment: the future generations will be richer as us concerning the industry but not the environment. On the economy sector, many financial products appear to facing the climatic change and the carbon emissions reductions. The author presents these new products and their consequences in a social justice framework. (A.L.B.)
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Structural changes in the Czech, Slovak and euro area economies during the Great Recession
Directory of Open Access Journals (Sweden)
Tvrz Stanislav
2016-12-01
Full Text Available The goal of this paper is to identify and compare the most important changes in the structure of the Czech economy, as a small open economy with independent monetary policy, the Slovak economy, as a small open economy that entered monetary union, and the economy of the euro area, which has a common monetary policy, during the turbulent period of the Great Recession, the subsequent anaemic recovery and recent disinflationary period. Structural changes are identified with the help of nonlinear dynamic stochastic models of general equilibrium with time-varying parameters. The model parameters are estimated using Bayesian methods and a nonlinear particle filter. The results confirm the similarity of the Czech and Slovak economies and show that in certain respects the structure of the Czech economy might be closer to that of the euro area than that of Slovakia. The time-varying estimates reveal many similarities between the parameter changes in the Czech economy and those in the euro area. In Slovakia, the situation during the Great Recession was dominated by the country’s adoption of the euro, which caused large deviations in its Calvo parameters.
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Rethinking economy-wide rebound measures: An unbiased proposal
International Nuclear Information System (INIS)
Guerra, Ana-Isabel; Sancho, Ferran
2010-01-01
In spite of having been first introduced in the last half of the ninetieth century, the debate about the possible rebound effects from energy efficiency improvements is still an open question in the economic literature. This paper contributes to the existing research on this issue proposing an unbiased measure for economy-wide rebound effects. The novelty of this economy-wide rebound measure stems from the fact that not only actual energy savings but also potential energy savings are quantified under general equilibrium conditions. Our findings indicate that the use of engineering savings instead of general equilibrium potential savings downward biases economy-wide rebound effects and upward-biases backfire effects. The discrepancies between the traditional indicator and our proposed measure are analysed in the context of the Spanish economy.
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2005-01-01
A review of recently available data on both on-road fuel economy and new car test fuel economy : shows that while US on-road fuel economy has been flat for almost 15 years, major European countries and Japan have shown modest improvements in response...
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Determinants of Cross-border Venture Capital Investments in Emerging and Developed Economies
DEFF Research Database (Denmark)
Hain, Daniel; Johan, Sofia A.; Wang, Daojuan
2016-01-01
VCs, indicating the effects of intra-industry networks needing further analysis. Using China as a model, we provide a novel multidimensional framework to explain cross-border investments in innovative ventures across developed and emerging economies. By analyzing a unique international dataset, we...... is more relevant for investments in emerging economies, and relational trust is more relevant for investments in developed economies....
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Directory of Open Access Journals (Sweden)
M. N. Dudin
2014-06-01
Full Text Available In the context of the transformation of the economies of developed countries towards a new type – knowledge economics – there has emerged the need for the creation and development of effective mechanisms for producing and commercializing knowledge based on the coordination of state, corporate, and academic interests. The subject of the article is topical, since innovation infrastructure is a fundamental factor in innovation development, and its development is a priority focus area in the state’s economic policy. In an era of transformations in the practice of production and knowledge transfer, it is important to analyze the links between theoretical knowledge and industrial information. The article provides a rationale for the fact that the model for the innovation development of industry (the Triple Helix Model, thanks to the multitude of entities engaged in innovation activity and the building of an extensive horizontally structured network, into which the elements of the “triple helix” are integrated, is capable of ensuring a synergistic effect and, consequently, is an effective instrument for boosting the innovation development of industry.
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Creative Economy as Applied to Information Technology (IT Companies
Directory of Open Access Journals (Sweden)
Leonardo Fabris Lugoboni
2014-06-01
Full Text Available This research addresses creative economy, wherein creative industries are deemed amongst the economy's most dynamic sectors and are characterized as being those that highly prize intellectual capital, invest in technology and innovation. Collectively, these in turn offer individuals, businesses and cities opportunities to generate economic growth and development. The study herein presented sought to examine the application of creative economy at information technology companies. To this effect, IT professionals and others who work at large technology companies were interviewed so as to identify creative economy characteristics at companies comprised by this specific economic sector. Findings enabled the conclusion that creative economy is effectively present in IT companies´ day-to-day routines since the former is reportedly a sector that features a high degree of both dynamism and constant change, whereby creative economy characteristics help companies innovate whilst simultaneously hallmarks as being extremely demanding.
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Identification and Evaluation of Strategic Decisions in Gas Industry Using DEMATEL Method
Directory of Open Access Journals (Sweden)
Mohammad Reza Mehregan
2012-07-01
Full Text Available Given the fluctuations of oil price in international markets and its effect on global economy, it is expected that gas industry and use of gas as an alternative energy, have become more important. Therefore, identification of strategic decisions in this industry has attracted increasing attention of managers and researchers. This study aims to identify and evaluate strategic decisions in the National Iranian Gas Company, using DEMATEL method for the first time. For data collection, paired comparison questionnaire have been used. The results of the research show that expanding operations to enter a new market, opening and starting up a new plant or facility, expansion of capacity and restructuring are respectively the most important strategic decisions in the industry.
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Tourism, the Future of Economy in Albania
Directory of Open Access Journals (Sweden)
Arjana Kadiu
2016-03-01
Full Text Available Tourism is one of the main pillars of economy for many countries in the world. It influences the economy and offers more employment possibilities every year. Mediterranean countries have a favorable, geographical position and climate to develop tourism. Most of these countries, have obtained higher incomes from this industry, and as a result, more prosperity and economic development. Today, about 30 % of the world’s tourists spend their vacations in the Mediterranean Region. Albania is one of these countries and it has great possibilities for the future.The nature of Albania, it’s geographical position and its panorama, the climatic and physical diversity of its territory, represent some of its rich resources and strengthness. Previously, Albania’s economy depended in agriculture and small industries. After the 90-s, when many citizens left the country, the situation changed and even that source of income became inconsiderable. Heavy or textile industry, were hardly developed. Tourism was hardly developed too. Only few investments were made in this sector. In October 2012, EU Commission recommended Albania to be granted the EU candidate status. Therefore, Albania’s economy has to be developed according to EU standards. In this paper we would like to assess, which may be some important and effective innovative management strategies for Albania’s tourism. What are some of the steps to follow in this direction? The article aims to make a comparison with Greece and Montenegro, as reference points, in order to understand these countries’ touristic strategies and try to adapt some of them or think about new effective ones. It aims to provide a profile that shows; strengths, weaknesses, opportunities and threats. The study will be based in official statistics and scientific literature. The study concludes that the economic benefits of tourism are considerable, immediate and there are many new ways to activate the natural sources of Albania.
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An innovation-focused roadmap for a sustainable global photovoltaic industry
International Nuclear Information System (INIS)
Zheng, Cheng; Kammen, Daniel M.
2014-01-01
The solar photovoltaic (PV) industry has undergone a dramatic evolution over the past decade, growing at an average rate of 48 percent per year to a global market size of 31 GW in 2012, and with the price of crystalline-silicon PV module as low as $0.72/W in September 2013. To examine this evolution we built a comprehensive dataset from 2000 to 2012 for the PV industries in the United States, China, Japan, and Germany, which we used to develop a model to explain the dynamics among innovation, manufacturing, and market. A two-factor learning curve model is constructed to make explicit the effect of innovation from economies of scale. The past explosive growth has resulted in an oversupply problem, which is undermining the effectiveness of “demand-pull” policies that could otherwise spur innovation. To strengthen the industry we find that a policy shift is needed to balance the excitement and focus on market forces with a larger commitment to research and development funding. We use this work to form a set of recommendations and a roadmap that will enable a next wave of innovation and thus sustainable growth of the PV industry into a mainstay of the global energy economy. - Highlights: • We construct a two-factor learning curve model to quantify the effect of innovation. • We identify the industry-wide oversupply a barrier for incentivizing innovations. • We build a conceptual framework to inform an innovation-focused roadmap for the PV industry. • We recommend open data model for PV to accelerate policy and market innovations
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Neo-Industrial and Sustainable Development of Russia as Mineral Resources Exploiting Country
Prokudina, Marina; Zhironkina, Olga; Kalinina, Oksana; Gasanov, Magerram; Agafonov, Felix
2017-11-01
In the Russian economy, the world leadership in the extraction of different mineral resources is combined with the potential for their processing and a significant scientific sector. Innovative development of raw materials extraction is impossible without the parallel technological modernization of the high-tech sector. In general, the complex of these processes is a neo-industrialization of the economy. Neo-industrially oriented transformation of the economy reflects complex changes in its structure, the transformation of established stable relationships between various elements of the system of social production that determine macroeconomic proportions. Neo-industrial transformations come along with the modification of economic relations associated with investments, innovations, labor and income distribution, with the process of locating productive forces and regulating the economy by the government. Neo-industrialization of economy is not only significant changes in its technological and reproductive structure (the development of high-tech industries, the integration of science and industry), but, above all, the implementation of a system structural policy of innovative development of raw material industry and the recovery of manufacturing industries on a new technological basis.
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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.
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DEFF Research Database (Denmark)
Fleming, Daniel; Søborg, Henrik
2010-01-01
In the last 15-20 years the Malaysian government has sought to meet the increasing international competition in the labour intensive manufacturing industry by transforming the economy to a more knowledge-based economy. Impotant levers are industrial upgrading policies and partnerships with leadin...
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Financial Shortages Patterns - an Overview on Emerging Economies
Directory of Open Access Journals (Sweden)
Ioana-Veronica ALEXA
2010-12-01
Full Text Available The hereby paper tackles the onset and evolution of the global financial crisis, providing an overview of the partially foreseeable causes and extremely severe consequences. The aim of the paper is to analyze how the collapses of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies led to a ripple effect on the world economy. In Europe, bankruptcy stroke and a number of major financial institutions collapsed, while others needed rescuing. The paper concludes that the global economy has proven to be extremely brittle and in need of coherent actions in order to insure recovery.
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Towards a carbon-negative sustainable bio-based economy.
Vanholme, Bartel; Desmet, Tom; Ronsse, Frederik; Rabaey, Korneel; Van Breusegem, Frank; De Mey, Marjan; Soetaert, Wim; Boerjan, Wout
2013-01-01
The bio-based economy relies on sustainable, plant-derived resources for fuels, chemicals, materials, food and feed rather than on the evanescent usage of fossil resources. The cornerstone of this economy is the biorefinery, in which renewable resources are intelligently converted to a plethora of products, maximizing the valorization of the feedstocks. Innovation is a prerequisite to move a fossil-based economy toward sustainable alternatives, and the viability of the bio-based economy depends on the integration between plant (green) and industrial (white) biotechnology. Green biotechnology deals with primary production through the improvement of biomass crops, while white biotechnology deals with the conversion of biomass into products and energy. Waste streams are minimized during these processes or partly converted to biogas, which can be used to power the processing pipeline. The sustainability of this economy is guaranteed by a third technology pillar that uses thermochemical conversion to valorize waste streams and fix residual carbon as biochar in the soil, hence creating a carbon-negative cycle. These three different multidisciplinary pillars interact through the value chain of the bio-based economy.
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Towards a carbon-negative sustainable bio-based economy
Directory of Open Access Journals (Sweden)
Bartel eVanholme
2013-06-01
Full Text Available The bio-based economy relies on sustainable, plant-derived resources for fuels, chemicals, materials, food and feed rather than on the evanescent usage of fossil resources. The cornerstone of this economy is the biorefinery, in which renewable resources are intelligently converted to a plethora of products, maximizing the valorization of the feedstocks. Innovation is a prerequisite to move a fossil-based economy towards sustainable alternatives, and the viability of the bio-based economy depends on the integration between plant (green and industrial (white biotechnology. Green biotechnology deals with primary production through the improvement of biomass crops, while white biotechnology deals with the conversion of biomass into products and energy. Waste streams are minimized during these processes or partly converted to biogas, which can be used to power the processing pipeline. The sustainability of this economy is guaranteed by a third technology pillar that uses thermochemical conversion to valorize waste streams and fix residual carbon as biochar in the soil, hence creating a carbon-negative cycle. These three different multidisciplinary pillars interact through the value chain of the bio-based economy.
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Towards a carbon-negative sustainable bio-based economy
Vanholme, Bartel; Desmet, Tom; Ronsse, Frederik; Rabaey, Korneel; Breusegem, Frank Van; Mey, Marjan De; Soetaert, Wim; Boerjan, Wout
2013-01-01
The bio-based economy relies on sustainable, plant-derived resources for fuels, chemicals, materials, food and feed rather than on the evanescent usage of fossil resources. The cornerstone of this economy is the biorefinery, in which renewable resources are intelligently converted to a plethora of products, maximizing the valorization of the feedstocks. Innovation is a prerequisite to move a fossil-based economy toward sustainable alternatives, and the viability of the bio-based economy depends on the integration between plant (green) and industrial (white) biotechnology. Green biotechnology deals with primary production through the improvement of biomass crops, while white biotechnology deals with the conversion of biomass into products and energy. Waste streams are minimized during these processes or partly converted to biogas, which can be used to power the processing pipeline. The sustainability of this economy is guaranteed by a third technology pillar that uses thermochemical conversion to valorize waste streams and fix residual carbon as biochar in the soil, hence creating a carbon-negative cycle. These three different multidisciplinary pillars interact through the value chain of the bio-based economy. PMID:23761802
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The political economy of the nuclear industry
International Nuclear Information System (INIS)
Falk, J.
1981-01-01
The changing international context, in particular declining estimates of nuclear capacity and a depression in the nuclear reactor market will influence prospects for a nuclear industry in Australia. Effects of the opposition by trade unions and community groups to uranium mining are discussed. The relationship between political decisions and the economics of the nuclear power industry is stressed
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Environmental economy account for Denmark 2001
International Nuclear Information System (INIS)
Anon.
2003-01-01
The environmental economy account for Denmark shows that the contribution to acidification in Denmark decreased with 11% from 2000 to 2001 while the contribution to the greenhouse effect decreased with 0,4%. The latter must be seen in relation to the fact that the contribution from energy consumption increased with 5,4% and that the contribution from Danish ships' bunkering outside Denmark decreased with 7,7%. The environmental account for Denmark presents accounts of the consumption of energy (and water) of the industrial branches and the households together with their emission of pollutants to the atmosphere. The account also contains information about the environmental taxes and subsidies that rest with industry and households. Finally volume and value are presented for the oil and gas reserves in the North Sea. The environmental account combines environmental data with the Danish National Accounts making it possible to analyse the relation between economy and environment. (ln)
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Energy Technology Data Exchange (ETDEWEB)
Ekeland, I. [Universite de Colombie-Britannique, Vancouver (Canada); Brandouy, O. [Universite des Sciences et technologies de Lille, 59 - Villeneuve d' Ascq (France)
2007-01-15
The economy theory of the growth is not really adapted to the environment: the future generations will be richer as us concerning the industry but not the environment. On the economy sector, many financial products appear to facing the climatic change and the carbon emissions reductions. The author presents these new products and their consequences in a social justice framework. (A.L.B.)
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The Ilorin economy in the 19th century | Banwo | Nigerian Journal of ...
African Journals Online (AJOL)
The Ilorin economy in the 19th century. ... DOWNLOAD FULL TEXT Open Access DOWNLOAD FULL TEXT Subscription or Fee Access. The Ilorin economy in the 19th century. Adeyinko O Banwo. Abstract. No Abstract. The Nigerian Journal of Economic History Vol. 1, 1998: 129-146 ...
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International Nuclear Information System (INIS)
Dettli, R.; Signer, B.; Kaufmann, Y.
2001-01-01
This final report for the Swiss Federal Office of Energy (SFOE) examines the effects of a future liberalisation of the gas market in Switzerland. The report first examines the current situation of the gas supply industry in Switzerland. The contents of European Union Guidelines are described and their implementation in Switzerland is discussed. Experience already gained in other countries is looked at, including market opening already implemented in the USA and Great Britain. The effect of market-opening on gas prices is discussed; the various components of the gas price are examined and comparisons are made with international figures. The pressure of competition on the individual sectors of the gas industry are looked at and the perspectives in the gas purchasing market are examined. The report presents basic scenarios developed from these considerations. Further effects resulting from a market opening are discussed, including those on the structure of the gas industry, its participants, electricity generation, energy use and the environment, consumers in general, security of supply and the national economy. Possible compensatory measures are discussed and factors for increasing efficiency and the promotion of a competitive environment are discussed. In the appendix, two price scenarios are presented
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Mexico's four economies reflect regional differences, challenges
Canas, Jesus; Gutierrez, Emily
2015-01-01
The economic potential of Mexico’s four regions is defined by their industrial makeup, income per capita and how much of the labor force operates outside the formal economy. Recent government reforms could promote growth and reduce regional inequality.
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Directory of Open Access Journals (Sweden)
Sun Yuping
2016-03-01
Full Text Available Labor resource is the necessary productive factor in regional economic development, and one of important indexes to evaluate regional economic competitiveness. The great economic achievement brought by the 30-year reform and opening up of China is due to the fact that China brought the backward advantage of “demographic dividend” into play, promoted the fast development of industrialization and urbanization, and became the second largest economy in the world. The entity of “demographic dividend” is the non-agricultural migrant population, i.e., migrant workers. The transfer employment of migrant workers has typical regional liquidity, and the imbalance of regional economy causes the flow of many migrant workers. In order to achieve harmonious development and coordinated development, underdeveloped areas must understand the character and regulation, adopt positive industrial policy and supportive policy, guide the reasonable flow of migrant workers, and realize the transfer of local employment and citizenization of migrant workers, which can enhance regional economic competitiveness
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Academic Capitalism and the New Economy: Markets, State, and Higher Education
Slaughter, Sheila; Rhoades, Gary
2009-01-01
As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In "Academic Capitalism and the New Economy," higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive…
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THE ROMANIAN HOTEL INDUSTRY. AN ANALYSIS BASED ON REAL FACTS
Directory of Open Access Journals (Sweden)
Maria Luminiţa COJOCEA
2013-12-01
Full Text Available Romanian Tourism has undergone considerable changes in the transition to the market economy. These changes, together with inappropriate solutions adopted by the authorities, led to a mismatch between what the Ministry of Tourism (MT/ National Authority for Tourism (NAT communicates and promotes, and the actual situation of the Romanian tourism and hotel industry. This situation has also been maintained by poor and erroneous reporting of information by hoteliers about the hotels managed to Ministry of Tourism, but also by the poor processing of information received by the MT/ NAT, leading to a database of erroneous information. These data are practically useless for any interested parties, and moreover for those who intend to use them especially for opening a new business in hospitality industry. This paper aims to present a much closer to reality statistical summary of the hotel industry.
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Fuchs, Martina; Pilz, Matthias; Wiemann, Judith; Wiemann, Kristina
2017-06-01
Frey and Osbourne's (2013) notion of the end of professional technical skills caused by Industry 4.0 (smart manufacturing), also known as increasing polarisation into "lousy and lovely jobs", is a topical issue. This contribution is a critical review of this idea in the context of German multinational companies, many of which are intensifying their efforts to introduce international customer-oriented quality production, digital high-tech and new human-machine-interfaces. Such high-tech production requires that the companies further internationalise practices of the German technical vocational education and training to emerging economies as Mexico, India and China. For German multinational companies this rather suggests an increase in professional technical skills (also on an international level) and less so rationalisation potentials in this particular segment of production work.
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Directory of Open Access Journals (Sweden)
Yulia V. Razvadovskaya
2017-06-01
Full Text Available In sales terms of strategy of the reindustrialization directed to recovery of potential of industrial production on qualitatively new technological basis in article the attention on such object of state regulation of economy as level of technological effectiveness of industries of the processing and extracting sectors of the Russian economy is focused. A main objective of this article is the research of parameters of modernization of fixed capital, including its statistical recording and analysis. Unlike the existing researches in which technological effectiveness is determined by such indicators as costs for Research and Development and a share of highly skilled workers in this article for an assessment use of such indicator as an organic structure of the equity which reflects change of a technical structure of the equity in dynamics is offered. In article measure calculations "an organic structure of the equity" on industries of the processing and extracting sectors of the Russian economy are made. Comparison of the received results with data of official statistics, including an indicator "a «fondovooruzhennost» by types of economic activity" allows to formulate a conclusion about need of accounting of cost indicators of a factor "work" in case of an assessment of parameters of technological rearmament of production. Also comparison of parameters of technological effectiveness of the extracting and processing sectors of economy of Russia and the USA is made. The carried-out calculations testify to repeatedly lagging behind absolute values of a technical structure of the equity in industries of the processing economy sector, and also to availability of a technology gap between extracting and processing sectors of the Russian economy. Such dynamics is a consequence of the adverse institutional changes generating growth of transformational and transactional expenses in national economy.
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QUALITY OF HUMAN RESOURCES IN THE CONSTRUCTION INDUSTRY
Directory of Open Access Journals (Sweden)
Sofronov Daniil Sergeevich
2012-10-01
Full Text Available Human resources serve as the basis for development of the national economy, as a whole, and the construction industry, as its constituent part. The problem of inferior labor productivity within the framework of the national economy and its construction industry is considered in the paper. The author has identified the reasons why the productivity of the national economy and its construction industry is low. Low quality manpower is one of the reasons. Analysis of the statistical information has proven that the quality of the manpower in the construction industry is unsatisfactory. The author has also analyzed the relation between the construction industry development pattern and the quality of the manpower. Low manpower quality is a consequence of low personnel training and development expenditures assumed by local construction companies, if compared to the same assumed in the developed economies. Russian businesses do not invest any proceeds into their employees, as any employee may leave the company at any moment, and the employer will lose the investment. Therefore, the performance rate of the Russian construction industry cannot catch up with its western counterpart. The author also provides the analysis of the western personnel development concept. The author also makes his suggestions designated to reverse the unfavourable trend of the construction industry.
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Searching for convergence and its causes – an industry perspective
Inklaar, Robert; Jorgenson, Dale W.; Fukao, Kyoji; Timmer, Marcel P.
2016-01-01
The past 20 years has been a period of rapid growth in emerging economies, leading to convergence in income and productivity levels. Less is known about the industry origins of this development, a gap this chapter aims to fill. For 30 industries in 40 economies, I estimate industry relative
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Our Lunar Destiny: Creating a Lunar Economy
Rohwer, Christopher J.
2000-01-01
"Our Lunar Destiny: Creating a Lunar Economy" supports a vision of people moving freely and economically between the earth and the Moon in an expansive space and lunar economy. It makes the economic case for the creation of a lunar space economy and projects the business plan that will make the venture an economic success. In addition, this paper argues that this vision can be created and sustained only by private enterprise and the legal right of private property in space and on the Moon. Finally, this paper advocates the use of lunar land grants as the key to unleashing the needed capital and the economic power of private enterprise in the creation of a 21st century lunar space economy. It is clear that the history of our United States economic system proves the value of private property rights in the creation of any new economy. It also teaches us that the successful development of new frontiers-those that provide economic opportunity for freedom-loving people-are frontiers that encourage, respect and protect the possession of private property and the fruits of labor and industry. Any new 21st century space and lunar economy should therefore be founded on this same principle.
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Impact of electronuclear industry on French economy
International Nuclear Information System (INIS)
Bertrand, J.-P.
An analysis of the effects of the French nuclear programme on internal production, international trade and employment in France, between 1976 and 1985, is presented. The contribution of the PWR programme to economic activity, the various branches of industry and manpower utilization is evaluated. After an increase in deficit of the balance of trade, the nuclear industry will limit importations for electricity production and yield an economic rentability [fr
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Intra-Household Allocation of Nutrients in an Opening China
Directory of Open Access Journals (Sweden)
Li Zhou
2018-04-01
Full Text Available This paper uses China Health and Nutrition Survey (CHNS data to analyze the effect of foreign direct investment (FDI on nutrient intakes across various family roles to identify the different family roles’ heterogeneous nutrition intake responses to economic openness. The empirical evidence shows that FDI enhances labor forces’ calorie intake significantly, especially for rural households. The government should continue facilitating more FDI inflows, especially FDI in secondary industries for rural populations. However, the larger the family, the smaller the effect of FDI on nutrient intake for some family roles. The elderly and children may be weaker responders on nutrient intake than other family members in an open economy. This implies the existence of intra-household redistribution and that the level of effectiveness will decrease with family size. The results suggest that family members in rural areas can benefit more in terms of nutrient intake. Our empirical evidence also indicates that female family members’ calorie intake from the FDI effect is higher than that of male family members (except for the granddaughter/grandson. Preferential policies should be provided for the FDI, flowing to rural areas and female dominant industries.
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Intra-Household Allocation of Nutrients in an Opening China.
Zhou, Li; Chen, Xiaohong; Lei, Lei
2018-04-09
This paper uses China Health and Nutrition Survey (CHNS) data to analyze the effect of foreign direct investment (FDI) on nutrient intakes across various family roles to identify the different family roles' heterogeneous nutrition intake responses to economic openness. The empirical evidence shows that FDI enhances labor forces' calorie intake significantly, especially for rural households. The government should continue facilitating more FDI inflows, especially FDI in secondary industries for rural populations. However, the larger the family, the smaller the effect of FDI on nutrient intake for some family roles. The elderly and children may be weaker responders on nutrient intake than other family members in an open economy. This implies the existence of intra-household redistribution and that the level of effectiveness will decrease with family size. The results suggest that family members in rural areas can benefit more in terms of nutrient intake. Our empirical evidence also indicates that female family members' calorie intake from the FDI effect is higher than that of male family members (except for the granddaughter/grandson). Preferential policies should be provided for the FDI, flowing to rural areas and female dominant industries.
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Does trade openness affect CO2 emissions: evidence from ten newly industrialized countries?
Zhang, Shun; Liu, Xuyi; Bae, Junghan
2017-07-01
This paper examines whether the hypothetical environmental Kuznet curve (EKC) exists or not and investigates how trade openness affects CO 2 emissions, together with real GDP and total primary energy consumption. The study sample comprises ten newly industrialized countries (NICs-10) from 1971 to 2013. The results support the existence of hypothetical EKC and indicate that trade openness negatively and significantly affects emissions, while real GDP and energy do positive effects of emissions. Moreover, the empirical results of short-run causalities indicate feedback hypothetical linkage of real GDP and trade, unidirectional linkages from energy to emissions, and from trade to energy. The error correction terms (ECTs) reveal in the long run, feedback linkages of emissions, real GDP, and trade openness, while energy Granger causes emissions, real GDP, and trade, respectively. The study recommendations are that our policymakers should encourage and expand the trade openness in these countries, not only to restrain CO 2 emissions but also to boost their growth.
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ECO-INDUSTRIAL PARK - A TOOL FOR SUSTAINABLE DEVELOPMENT
Directory of Open Access Journals (Sweden)
BUGNAR NICOLETA GEORGETA
2013-07-01
Full Text Available Local communities embracing the concept of Eco-industrial park are looking for some additional benefits for all the interested parties – both public and private: higher economic efficiency, the increase of competitivity by applying last minute technologies, generation of additional revenues through positive regulations at the community level, the creation of jobs, solving the conflict between economy and environment, diminishing the demand on the county infrastructure, decreasing the effects of pollution, using energy from regenerating sources and replacement materials. Communities and enterprises creating Eco-industrial parks will have common grounds for industrial development, which is much more competitive, more efficient and much cleaner than traditional industrial parks. Moreover, the new business niches will be open to recruitment or new incubators. Eco-industrial parks represent a special category compared to industrial parks, a category which is different from the classical ones due to the fact that they are designed in such a way so that they promote the collaboration between companies in order to reuse recyclable materials and green energy sources. A long-term vision must reflect the focus on the creation of collaboration networks between firms and the fact that an Eco-industrial park should be a business community, not only a mathematical sum of companies located in the same geographical area. The quality, continuity and interconnection of economic flows within the firms of an Eco-industrial park are important characteristics for the success of Eco-industrial networks. The following discussion tackles the way in which an Eco-industrial park is set-up: creating and implementing an Eco-industrial park in accordance with the principles of circular economy or transforming an already existing industrial park into an Eco- industrial park. The quality, the continuity, the number of interconnected firms, the flows of resources and the
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The place of the Irish Sea oil and gas industryin the economy of the region
International Nuclear Information System (INIS)
Stoney, P.J.M.
1995-01-01
The economies of two areas close to the Irish Sea, Morecambe Bay and Liverpool Bay, are compared in order to illustrate the effect of the Irish Sea oil and gas industry on these regions. Capital investment projects connected with those industries during the construction and operational lifetime periods are considered in terms of direct, indirect and induced effects. Mathematical modelling is used to provide a conceptual basis for making inferences about the possible size of oil and gas industry effects on local economies. Information on employment in various regions and sectors of industry, including forecasts of future profitability are given. (UK)
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How Chinese firms employ open innovation to strengthen their innovative performance
DEFF Research Database (Denmark)
Wang, Yuandi; Roijakkers, Nadine; Vanhaverbeke, Wim
2012-01-01
China became the second-largest economy behind the USA in 2010. While there is quite some macroeconomic research documenting the technological catching-up of China as a nation, there is only little research studying how individual Chinese firms are catching up. This paper draws on the open...... innovation perspective to explore how Chinese firms improve their innovative performance. Our empirical analysis is based on a sample of 91 native Chinese firms in high-tech industries. The results indicate that Chinese firms widely implement an open innovation approach to strengthen their innovative...... performance. These firms use: 1 technology in-licensing agreements to obtain access to technologies 2 long-term alliances with foreign partners to access state-of-the-art technologies 3 collaboration with local universities and R&D institutes to broaden their technological strengths 4 collaboration...
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African Journals Online (AJOL)
Lucy
scholar, Walt W. Rostow presented and supported this line of thought in his analysis of ... A Brief Historical Background of Industrialization in Africa ... indicative) The western model allowed for the political economy to be shaped by market.
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KNOWLEDGE ECONOMY – THE ECONOMY OF THE FUTURE
Directory of Open Access Journals (Sweden)
Emanoil Muscalu
2008-05-01
Full Text Available In these times with strong changes, a so called “knowledge revolution” is on the way andthis designates the evolution from the primarily physical labor based economy to a predominantly knowledgeeconomy.The entire world is dealing, în the dawn of this new century, the 21st one, with a series of majorchanges: social, economic and technological. Consequently, if the 2nd industrial revolution was initiated în theindustry based on intensive production labor “by the pioneers of automobiles such as Ford, it is clear that the3rd revolution will take place în the economic sector of the knowledge based services.”
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Zhang, Chi; Zhou, Kaile; Yang, Shanlin; Shao, Zhen
2017-05-01
Since the reforming and opening up in 1978, China has experienced a miraculous development. To investigate the transformation and upgrading of China's economy, this study focuses on the relationship between economic growth and electricity consumption of the secondary and tertiary industry in China. This paper captures the dynamic interdependencies among the related variables using a theoretical framework based on a Vector Autoregressive (VAR)-Vector Error Correction (VEC) model. Using the macroeconomic and electricity consumption data, the results show that, for secondary industry, there is only a unidirectional Granger causality from electricity consumption to Gross Domestic Product (GDP) from 1980 to 2000. However, for the tertiary industry, it only occurs that GDP Granger causes electricity consumption from 2001 to 2014. All these conclusions are verified by the impulse response function and variance decomposition. This study has a great significance to reveal the relationship between industrial electricity consumption and the pattern of economic development. Meanwhile, it further suggests that, since China joined the World Trade Organization (WTO) in 2001, the trend of the economic transformation and upgrading has gradually appeared.
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New Normal in Russian Economy: Regional Specificity
Directory of Open Access Journals (Sweden)
Yakov Petrovich Silin
2016-09-01
Full Text Available The main objective of the article is to study the concepts of “New Normal”, “New Industrialization” and the questions of formation and development of the productions of the fifth and sixth technological modes in the regional economic area. Substantive expansion of “New Normal” concept was argued, it became popular during the global financial and economic crisis of 2008. The logic of transformation to a “New Normal” is true not only for the world economy, individual countries and regions, but also for the Sverdlovsk region. The scientific hypothesis of the article consists in the identifying the characteristics of “New Normal” at the regional level and showing the possible directions of transformation from a «New Normal” situation using the concept of new industrialization for the regional economy. The main features of “New Normal” in the region were identified and analyzed. There are, for example, the slow growth of industrial production, the reducing of the investment climate, the low dynamics of metal prices. It is proved that the realization of the concept of new industrialization in the region can become the most attractive answer to the challenges of «New Normal». The need for the integration of the processes of new industrialization with the formation and development of the productions of the fifth and sixth technological waves is proved. The article is focused on the possibility of the transformation of the Sverdlovsk region in the region of the technological breakthrough of the 21st century. It is demonstrated that during 15–20 years, the priority will be the development of the productions of the fifth and sixth technological waves that will be based on the high-tech production of military-industrial complex, nuclear energy as well as nanotechnology and nanomaterials. It is proved that at this time, the model of innovative development of the region may be realized. It is able to lead the regional economy
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Major economies Forum on energy and climate
International Nuclear Information System (INIS)
2009-01-01
The Major Economies Forum is intended to facilitate an open dialogue among major developed and developing economies, help generate the political leadership necessary to achieve a successful outcome at the United Nations climatic change conference in Copenhagen, and advance the exploration of concrete initiatives and joint ventures that increase the supply of clean energy while cutting greenhouse gas emissions. The Forum's second preparatory meeting was held in Paris in May 2009, mainly focused on greenhouse gas emissions reduction actions and objectives, the diffusion of clean technologies, the financing of activities for climate protection and adaptation to climatic change impacts
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Energy Technology Data Exchange (ETDEWEB)
Leocadio, Joao C.; Tauhata, Luiz [Instituto de Radioprotecao e Dosimetria (IRD), Rio de Janeiro, RJ (Brazil); Crispim, Verginia R. [Universidade Federal, Rio de Janeiro, RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia. Programa de Engenharia Nuclear
2001-07-01
This work had as objectives to analyze the facilities open of industrial x-ray to obtain the distribution of doses in the operators and present proposed for the reference levels. The results of the monitoring revealed an improvement of the radiation protection conditions in the facilities and that the risk of potential exposure was reduced. The advantage of the proposed reference levels is that the supervisors would enlarge the frequency of audits in the facilities opened to accomplish the investigations and interventions.The facilities open with 'bunkers' presented distributions with 95% of the doses below 0,2 mSv and the distributions of the facilities with cordoned area they had 75% of the doses below 0,4 mSv. (author)
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Economy in utilizing electron beam accelerators
International Nuclear Information System (INIS)
Takahashi, Masao
1980-01-01
As the typical industrialized processes using electron beam irradiation, the following items may be given: the manufacture of cables covered with cross-linking polyethylene or PVC, heat-contracting material, cross-linking polyethylene foam, etc., and the curing of coatings or surface finishes. The results of investigating economy in these processes are described. First, the running cost of electron beam irradiation equipments is calculated. The result shows that, in general, the unit cost of the equipments becomes small with increasing output, therefore the selection of large power equipments may be advantageous for economy. Other important factors concerning the equipments are the reliability and lifetime which are being improved every year and the improvement of the operational efficiency of the equipments. Next, the comparison of cost was made for each industrialized process of the cables covered with cross-linking polyethylene, polyethylene foam, and the curing of coatings. In general, the processing cost is smaller and the depreciation cost is larger in electron beam irradiation process as compared with conventional processes. In addition, since the productive capacity is larger in electron beam process it is preponderant when the amount of production is large. In the industrialized examples, unique processes or features which are not obtainable by other methods are attained. (Wakatsuki, Y.)
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Knowledge Externalities, Agglomeration Economies, and Employment Growth in Dutch Cities
van Soest, D.P.; Gerking, S.D.; van Oort, F.G.
2002-01-01
This paper extends the work of Glaeser et al.(1992) by looking at effects of agglomeration economies on employment growth in Dutch city-industries and in very small (postal) zip code-industries in the Dutch province of South-Holland. At both levels of geographic detail, findings are broadly
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Trade, Development, and the Political Economy of Public Standards
Swinnen, Johan F.M.; Vandemoortele, Thijs
2009-01-01
This paper presents a political economy model of public standards in an open economy model. We use the model to derive the political optimum and to analyze different factors that have an influence on this political equilibrium. The paper discusses how the level of development influences the political equilibrium. We also analyze the relation between trade and the political equilibrium and compare this political outcome with the social optimum to identify under which cases ‘under-standardizati...
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Political Economy, the Internet and FL/OSS Development
Mansell, Robin; Berdou, Evangelia
Despite the growing amount of research on Free/Libre/Open Source Software (FL/OSS) development, there is little insight into how structural factors associated with institutions influence the patterns of software developer activity in this area. This article examines some of the dynamics of the development of this type of software and the extent to which these dynamics are associated with features of the gift economy as is frequently suggested in the literature. Drawing on an empirical analysis of contributors to the GNOME FL/OSS project, we suggest that greater attention should be given to the emergence of a mixed economy in which features of the exchange economy come to the fore with implications for the power relationships among those contributing to FL/OSS.
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Marketing and Globalization of the Brewing Industry
DEFF Research Database (Denmark)
Madsen, Erik Strøjer; Wu, Yanqing
2016-01-01
The globalization of the brewing industry after the turn of the century through a large wave of mergers and acquisitions has changed the structure of the world beer markets. The chapter tracks the development in industry concentrations from 2002 to 2012 and points to high transportation costs...... for beers and economies of scale at the firm level in advertising and sales efforts as the main factors behind the wave of cross-country mergers and acquisitions. Using firm-level data from the largest breweries, the estimations verify significant economies of scale at the firm level in marketing...... significant economies of scale benefits at the firm level to be shared between the merging partners as marketing and distribution costs are very high in this industry....
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Shares, gaps and the economy's response to oil disruptions
International Nuclear Information System (INIS)
Huntington, Hillard G.
2004-01-01
Most previous studies have focused on whether oil price shocks cause economic recessions but fewer studies have investigated whether the impact of an oil price shock can be different under alternative economic conditions. Using an international data set of industrialized economies, this paper explores whether an economy relying more on oil or operating closer to full employment may be more vulnerable to an oil disruption. Although the results for oil dependence are ambiguous, the analysis does find a significant relationship between the impacts of an oil shock and how closely the economy is operating to its full-employment level prior to the disruption. (Author)
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Polish Industry and Art at CERN
2000-01-01
On 17 October 2000 the second Polish industrial and technological exhibition opened at CERN. The first one was held five years ago and nine of the companies that were present then have come back again this year. Six of those companies were awarded contracts with CERN in 1995. Three Polish officials were present at the Opening Ceremony today: Mrs Malgorzata Kozlowska, Under-secretary of State in the State Committee for Scientific Research, Mr Henryk Ogryczak, Under-secretary of State in Ministry of Economy and Prof. Jerzy Niewodniczanski, President of National Atomic Energy Agency. Professor Luciano Maiani welcomed the Polish delegation to CERN and stressed the important contribution of Polish scientists and industrialists to the work of the laboratory. Director General Luciano Maiani (back left) and head of SPL division Karl-Heinz Kissler (back right) visit the Poland at CERN exhibition The exhibition offers Polish companies the opportunity to establish professional contacts with CERN. Nineteen companies...
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FROM INDUSTRIAL DISTRICTS TO FIRMS NETWORKS: THE ITALIAN CASE
Directory of Open Access Journals (Sweden)
colantonio emiliano
2014-12-01
Full Text Available The local source for competitiveness is vital to achieve static and dynamic economies of scale for firms; it is useful to interact with the aim of learning and innovating. The local system can create benefit by opening to international markets and it should be a good source of knowledge and technology. Nowadays, the concept of industrial district, usually characterized by the spatial proximity of the involved firms, may evolve into firms network; this may emphasize the advantages deriving from cooperation, without the need of spatial proximity. Firms networks may represent the evolution of industrial districts, where territoriality is overcome by the dissolution of borders. The importance of firms networks is increased since they intensify information exchange, continuous learning, stimulate economies of scale, allow economic development and give more market opportunities. Firms networks share different aims, resource, common interests and factors, like material and immaterial inputs and outputs. This new form of cooperation may allow to overcome physical distance and replicate knowledge and information. Firms networks may represent a success organizational forms that may give impetus to development in an economy. They are based on mutual trust between partners and are created over time to facilitate information circulation, knowledge dissemination and innovation. Trust reduces uncertainty and transaction cost and limits the opportunistic behaviour by free-rider agents. The aim of the paper is to assess the determinants for firms networks training in the Italian context using regional data. Particularly, the firms networks development needs key factors such as ICTs diffusion, high rate of social security, open capability, RxD activities. These factor constitute the basis for a new kind of capital, the so called “network capital”. It consists of collaborative practices in a network as the result of cooperation in the ICTs era. Network capital
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International Nuclear Information System (INIS)
Crifo, P.; Flam, M.; Glachant, M.
2011-06-01
This study aims at giving a detailed overview of the reality of the green economy in some big French companies, and thus at answering some questions: does the emergence of green economy transform these companies, their products, and their markets? Is this transformation occurring now or will it occur in the future? What is the role of public authorities? Seven green sectors have been analyzed: biofuels, carbon capture and storage, energy efficiency in buildings, smart grids, green chemistry, energy storage, and the economy of functionality. For each of them, the sector is presented and the strategic posture of the surveyed companies is described
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Sectoral Economies, Economic Contexts, and Attitudes toward Immigration.
Dancygier, Rafaela M; Donnelly, Michael J
2013-01-01
Do economic considerations shape attitudes toward immigration? In this article, we consider the relationship between economic interests and immigration preferences by examining how developments in individuals' sectors of employment affect these views. Using survey data across European countries from 2002 to 2009 and employing new measures of industry-level exposure to immigration, we find that sectoral economies shape opinions about immigration. Individuals employed in growing sectors are more likely to support immigration than are those employed in shrinking sectors. Moreover, the economic context matters: Making use of the exogenous shock to national economies represented by the 2008 financial crisis, we show that sector-level inflows of immigrant workers have little effect on preferences when economies are expanding, but that they dampen support for immigration when economic conditions deteriorate and confidence in the economy declines. These sectoral effects remain even when controlling for natives' views about the impact of immigration on the national economy and culture. When evaluating immigration policy, individuals thus appear to take into account whether their sector of employment benefits economically from immigration.
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Sectoral Economies, Economic Contexts, and Attitudes toward Immigration
Donnelly, Michael J.
2013-01-01
Do economic considerations shape attitudes toward immigration? In this article, we consider the relationship between economic interests and immigration preferences by examining how developments in individuals' sectors of employment affect these views. Using survey data across European countries from 2002 to 2009 and employing new measures of industry-level exposure to immigration, we find that sectoral economies shape opinions about immigration. Individuals employed in growing sectors are more likely to support immigration than are those employed in shrinking sectors. Moreover, the economic context matters: Making use of the exogenous shock to national economies represented by the 2008 financial crisis, we show that sector-level inflows of immigrant workers have little effect on preferences when economies are expanding, but that they dampen support for immigration when economic conditions deteriorate and confidence in the economy declines. These sectoral effects remain even when controlling for natives' views about the impact of immigration on the national economy and culture. When evaluating immigration policy, individuals thus appear to take into account whether their sector of employment benefits economically from immigration. PMID:24363457
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Directory of Open Access Journals (Sweden)
Vladimir Sibylla Pires
2010-03-01
Full Text Available Resumo Este artigo visa refletir sobre a construção de identidades de marca na economia criativa a partir das dinâmicas informacionais de seus atores. Propõe um modelo de análise baseado em uma nova metáfora organizacional e na opção por uma abordagem em diferentes níveis daquela dinâmica. Demonstra sua aplicabilidade a partir do exemplo de uma empresa atuante na indústria da moda. Palavras-chave: economia criativa; trabalho imaterial; indústria da moda; centrais de criatividade; dinâmicas informacionais. Abstract This article aims to reflect on the development of brand identities in the creative economy from the point of view of its actors’ informational dynamics. It proposes a model of analysis based on a new organizational metaphor and on a multi-level approach to that dynamic. It also demonstrates its applicability using the example of an active company in the fashion industry. Keywords: creative economy; immaterial labour; fashion industry; creativity centrals; informational dynamics.
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Directory of Open Access Journals (Sweden)
Strat Vasile Alecsandru
2017-07-01
Full Text Available Social market economy (SME is a socio-economic model which attempts to unite the freedom of a competitive market economy with social equilibrium and progress. It is seen as a “third path” besides a purely liberal market economy and an economy which is heavily regulated by the state – in the SME there is an intermediate degree of regulation. Historically, the model corresponds to the real economic policy of the German Federal Republic after the 1950s, thus it is sometimes called Rhine capitalism. According to the Treaty of Lisbon from 2007, the European Union pursues a competitive social market economy with full employment and social progress. On one hand, this model wishes to exploit the advantages of a free market economy, especially its high efficiency in the production of goods, while on the other hand it uses state intervention to correct for potential negative outcomes from market processes. Further characteristics of this model are: ensuring competition, free price formation, private property, motivating performance through profit aspirations as well as guarding personal freedoms. Last but not least, this model encompasses a strong structural policy by encouraging weaker geographical regions or industries. Therefore, it is highly probable that such a socio-economic model might be the appropriate alternative to fuel a sustainable growth of the Romanian economy. Using county level data, from the National Institute of Statistics and from the National Office of the Trade Register, for the year 2015 we show that the Romanian economy is highly polarized with a few growth poles (islands and a large number of underdeveloped units. Thus, it becomes obvious that these important disparities will hinder a future sustainable development and by consequence a clear “road-map” represented by this economic model might prove to be a viable solution for the Romanian economy.
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Directory of Open Access Journals (Sweden)
Marcos Wachowicz
2011-10-01
the construction of a Regulatory Framework for the Creative Economy in Brazil. This is based on the understanding that the Creative Economy and Sustainable Development promotes the human, social and technologically inclusive way, i.e. it is not a simple vision of economic growth. This is because the new concepts inherent in the Creative Economy embrace the use of technological tools (ICTs in its interface with education, architecture, design, training of creative, the Local Productive Arrangement (APL and the creative industries (CIs. Keywords Copyright, Creative Economy, Sustainable development
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RUSSIAN INDUSTRY INVESTMENT SITUATION
Directory of Open Access Journals (Sweden)
O. V. Pochukaeva
2011-01-01
Full Text Available The actual deficiency of investment into Russian industry innovative development increases its technological drag from industries of countries with developed markets. Although the rate of investment into real sectors of Russian economics mid 2000 was higher compared to the previous period, annual investment amounts were much lower than in 1990. At present, highest investment amounts are directed to industry extractive branches and to the commerce. Amounts invested to various economy branches do not correspond to their contribution to the country’sGross Added Product; particularly underinvested are manufacturing industry branches. At present, foreign share in the country economy total investment makes 15–18%. Recently, most interesting for foreigners was investment to machine-building branches with overwhelming part (for example, 90% in 2007–2008 of foreign investment into the machine-building industry being directed to creation of new automobile plants. Today, first place in the list of foreign investors’ preferences in Russia is taken by the machine-tool construction sector.
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The Potential of the Bio-economy: From Photosynthesis to Industry, from Innovation to Market
International Nuclear Information System (INIS)
Roy, Claude
2016-01-01
Growing awareness of resource exhaustion and of the consequences, particularly for the climate, of our modes of consumption and production has helped remind humanity that we live in a finite world and that to make too many demands on our ecosystem is to run the risk of reaching a point of no return. To change everyone's styles of production and consumption in ail countries by the end of the century is without doubt too ambitious an aim, but it is worth putting it forward and trying to equip ourselves with the tools to achieve it. The bio-economy or 'green carbon' economy is one of those tools, as Claude Roy shows in this article. It consists in exploiting the fruits of plant photosynthesis not merely for foodstuffs, but also for materials, chemical bases, fertilizers, energy etc. Claude Roy outlines the main characteristics of the bio-economy, particularly in France, the economic sectors it covers and their potential, particularly in terms of employment. First and foremost, he shows how it could contribute to meeting the major challenges of our world, whose finite nature we are rediscovering today. Energy conservation, a renewables- based economy and carbon sequestration -three possible 'emergency exits' at the heart of the bio-economy, so long as human beings can commit to developing their agricultural crops and forests. (author)
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A strategic approach to a green economy.
Trumka, Richard L
2009-01-01
The crash has happened and we face dual market failures: climate change and the greatest economic crisis of our lifetimes. American labor believes that we must have a strategic approach to greening the economy centered on domestic investment in new technologies, the creation of good jobs, and leading a shared international response to both these issues. The nay-sayers are the same financial and industrial interests that advised the world economy into chaos. Their advice to us is more of the same: no rules, no regulations, free markets, and free trade. But now is the time for real change.
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Energy Technology Data Exchange (ETDEWEB)
NONE
2006-07-01
The French minister of economy, finances and industry explains the reasons of the rise of oil prices (tensions on the supply and demand balance, late recovery of investments in producing countries, geopolitical factors) and the measures that the government wishes to implement in order to bear up this situation: project of merger between Gaz de France and Suez energy groups, change of oil companies behaviour with consumers (automotive fuels price transparency), energy saving information on all energy suppliers advertisements, reinforcement of energy independence (development of renewable energy sources and of alternate automotive fuels). (J.S.)
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BACKGROUND AND SUBSTANCE OF DETECTION OF ECOLOGICAL CONFLICTS IN THE ECONOMY
Directory of Open Access Journals (Sweden)
Nataliia Chupryna
2016-11-01
Full Text Available The purpose of the paper is to study the nature of ecological conflicts in the economy, which, subject to globalization enable (or impossible to solve pollution and the destruction of all elements of the environment. Identify ecological conflicts in the economy borders, which will be decisive in shaping their capabilities and develop alternatives to overcome ecological conflicts. Methodology. The study is based on an analysis of the state of the ecological component of the Ukrainian economy in recent years and the results of the country's industrial enterprises. The work of industrial enterprises may provoke the creation of ecological conflicts. Research findings of leading scientists in this field are also used. Results of the research have made it possible to determine the nature of the identification of ecological conflicts in the economy. Ensure the development and dissemination of ecological conflicts in the dynamics. Developed by constructing a map of ecological conflicts makes it possible to analyze the components of ecological conflicts in more detail and to develop management actions aimed at eliminating environmental conflict in the economy. The necessity of engaging potential ecological conflicts in the future by setting its limits in the economy. Practical implications. Environmental problem, namely a warning or ecological conflicts optimal solution is a prerequisite for the country's development as an integral state with a healthy population that can live in the country and to use its resources freely (within the legislation. However, overcoming ecological conflicts not paid enough attention to both at the state and local level. The main stages of analysis and possible options for the development ecological conflicts become the basis for the formation of government priorities towards the greening of the main industries in the economy. Features of occurrence of each individual environmental conflict, the implementation of research on
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Analysed with Shanghai international fashion the development of creative industry
Directory of Open Access Journals (Sweden)
Jinjin Ma
2017-05-01
Full Text Available Rapid development of economy, and promote people to enter the era of knowledge economy. Under this background, the global economy especially the economic model of developed countries began to industrial restructuring and structural adjustment, and fashion creative industry economy is the product of the change. It embodies a nation in such aspects as culture, science and technology and creative design of soft power, to some extent, also represents a national industry's international competitiveness, is one of the most important industry in the development of leading industry. In the globalization trend of strengthening, today, the increasingly fierce competition in the international fashion scale and degree, the development of creative industry has become a measure of a country or a city comprehensive competitiveness of one of the important symbol. Therefore, many countries and regions all over the industry as a strategic industry and pillar industry to develop. Along with the rapid economic and social development as well as the consumer demand is rising, fashion creative industry gradually become Shanghai currently one of the most promising new industries. Especially in the face of the global economic downturn, China's transformation of the mode of development environment, development fashion creative industry will help speed up the Shanghai industrial structure transformation, beneficial to stimulate consumer demand, to improve the Shanghai international influence, for the Shanghai a new round of development, the construction of "four centers" and one of the breach of the international metropolis.
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RESTRUCTURING OF INDUSTRIAL ENTERPRISE
Directory of Open Access Journals (Sweden)
L. I. Podderegina
2009-01-01
Full Text Available The paper presents main principles for execution of current and strategic restructuring of national enterprises while using experience of countries with developed market economy. The principles contribute to higher efficiency in internal industrial relations at national industrial enterprises.
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Energy-economy interactions revisited within a comprehensive sectoral model
Energy Technology Data Exchange (ETDEWEB)
Hanson, D. A.; Laitner, J. A.
2000-07-24
This paper describes a computable general equilibrium (CGE) model with considerable sector and technology detail, the ``All Modular Industry Growth Assessment'' Model (AMIGA). It is argued that a detailed model is important to capture and understand the several rolls that energy plays within the economy. Fundamental consumer and industrial demands are for the services from energy; hence, energy demand is a derived demand based on the need for heating, cooling mechanical, electrical, and transportation services. Technologies that provide energy-services more efficiently (on a life cycle basis), when adopted, result in increased future output of the economy and higher paths of household consumption. The AMIGA model can examine the effects on energy use and economic output of increases in energy prices (e.g., a carbon charge) and other incentive-based policies or energy-efficiency programs. Energy sectors and sub-sector activities included in the model involve energy extraction conversion and transportation. There are business opportunities to produce energy-efficient goods (i.e., appliances, control systems, buildings, automobiles, clean electricity). These activities are represented in the model by characterizing their likely production processes (e.g., lighter weight motor vehicles). Also, multiple industrial processes can produce the same output but with different technologies and inputs. Secondary recovery, i.e., recycling processes, are examples of these multiple processes. Combined heat and power (CHP) is also represented for energy-intensive industries. Other modules represent residential and commercial building technologies to supply energy services. All sectors of the economy command real resources (capital services and labor).
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ANALYSIS OF INFLUENCE FACTORS OF ECONOMIC EFFICIENCY ON THE ECONOMY OF THE INTEGRATED STRUCTURES
Directory of Open Access Journals (Sweden)
I. P. Bogomolova
2014-01-01
Full Text Available Currently in Russia, special attention is paid to the food industry, providing a key influence on the state's economy and food security of the country. The food industry not only creates substantial part of the gross domestic product, which is one of the main sources of fillings budgets of all levels, and contributes to the strengthening of the state in world markets. These circum-stances make it necessary to increase the efficiency of industrial structures by mobilizing factors affecting the economy of enterprises, including by shifting emphasis on the integration of food industry enterprises in General competitiveness of the goods produced, the stability of the entire industry, its leading industries and organizations. The article substantiates the expediency of application of integrated structures, discusses the methods and tools of analysis of influence factors of economic efficiency on the economy of inte-grated structures. Evaluation is recommended in two key areas: assessment of the financial condition and evaluation of training and development of staff, taking into account the strategic objectives of integrated structures. The analysis makes it possible to correctly allocate financial resources and to achieve balanced economic performance management through more effective use of credit re-sources, the rational management of economic parameters optimization of the number of employees and production capacity.
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Harnessing the sharing economy in developing countries | IDRC ...
International Development Research Centre (IDRC) Digital Library (Canada)
Digital marketplace platforms like AirBnB and Uber, sometimes referred to as ... The project will support five in-depth case studies on the impact of the sharing economy in the developing world. The studies will be selected through an open call.
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Electric power industry restructuring in Australia: Lessons from down-under. Occasional paper No. 20
Energy Technology Data Exchange (ETDEWEB)
Ray, D. [Univ. of Wisconsin, Madison, WI (United States)
1997-01-01
Australia`s electric power industry (EPI) is undergoing major restructuring. This restructuring includes commercialization of state-owned electric organization through privatization and through corporatization into separate governmental business units; structural unbundling of generation, transmission, retailing, and distribution; and creation of a National Electricity Market (NEM) organized as a centralized, market-based trading pool for buying and selling electricity. The principal rationales for change in the EPI were the related needs of enhancing international competitiveness, improving productivity, and lowering electric rates. Reducing public debt through privatization also played an important role. Reforms in the EPI are part of the overall economic reform package that is being implemented in Australia. Enhancing efficiency in the economy through competition is a key objective of the reforms. As the need for reform was being discussed in the early 1990s, Australia`s previous prime minister, Paul Keating, observed that {open_quotes}the engine which drives efficiency is free and open competition.{close_quotes} The optimism about the economic benefits of the full package of reforms across the different sectors of the economy, including the electricity industry, is reflected in estimated benefits of a 5.5 percent annual increase in real gross domestic product and the creation of 30,000 more jobs. The largest source of the benefits (estimated at 25 percent of total benefits) was projected to come from reform of the electricity and gas sectors.
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Jiang, Zhou; Jin, Peizhen; Mishra, Nishikant; Song, Malin
2017-09-01
The problems with China's regional industrial overcapacity are often influenced by local governments. This study constructs a framework that includes the resource and environmental costs to analyze overcapacity using the non-radial direction distance function and the price method to measure industrial capacity utilization and market segmentation in 29 provinces in China from 2002 to 2014. The empirical analysis of the spatial panel econometric model shows that (1) the industrial capacity utilization in China's provinces has a ladder-type distribution with a gradual decrease from east to west and there is a severe overcapacity in the traditional heavy industry areas; (2) local government intervention has serious negative effects on regional industry utilization and factor market segmentation more significantly inhibits the utilization rate of regional industry than commodity market segmentation; (3) economic openness improves the utilization rate of industrial capacity while the internet penetration rate and regional environmental management investment have no significant impact; and(4) a higher degree of openness and active private economic development have a positive spatial spillover effect, while there is a significant negative spatial spillover effect from local government intervention and industrial structure sophistication. This paper includes the impact of resources and the environment in overcapacity evaluations, which should guide sustainable development in emerging economies.
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2008-11-04
its loans. Then President Miguel de la Madrid took steps to open and liberalize the Mexican economy and initiated procedures to replace import...capita income in countries. 24 Lessons from NAFTA, 2005. 25 Economia , “NAFTA and Convergence in North America: High Expectations, Big Events, Little Time...Easterly, Norbert Fiess, and Daniel Lederman, Economia , “NAFTA and Convergence in North America: High Expectations, Big Events, Little Time,” Fall 2003. The
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Industrial Engineering Education in India
Bajpai, Shrish; Akhtar, Shagil
2017-01-01
The industrial revolution can be termed as the catalyst of human growth. The establishment of various industries has been detrimental to the meteoric rise of any commodity, product or service across the world. Industries fuel the economy of countries and form the main constituent of their GDP. Industries not only generate the production of the…
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The Impact of Religious Tourism on Nepalese Economy
Pandey, Ramesh
2016-01-01
Religious tourism is one of the main contributors to the Nepalese tourism industry. It has not only generated thousands of jobs but also has been one of the main media to promote Nepalese culture, lifestyle and traditions. At the same time, it has grown as a strong contributor to the Nepalese economy. The main aim of this thesis was to point out the impact of religious tourism on the Nepalese economy, to find out the main factors affecting religious tourism and to get views of people about th...
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The tourist industry: a growth opportunity for Southern economy
Gattei S.
2011-01-01
Over the years, the international tourist movement has considerably expanded and this has reinforced the idea that such a sector can have a major role on the growth of Mezzogiorno's economy and on reducing the gap with the Centre-North. This paper aims at analysing trends in the South during the decade 1988-2008, compared with those of the Centre-North and the main competitor countries of the Mediterranean area, and at identifying the major obstacles to development of Southern tourism in line...
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Establishing a framework for studying the emerging cislunar economy
Entrena Utrilla, Carlos Manuel
2017-12-01
Recent developments from the New Space industry have seen the appearance of a number of new companies interested in the creation of a self-sustained economy in cislunar space. Industries such as asteroid mining, Moon mining, and on-orbit manufacturing require the existence of a developed economy in space for the business cases to close in the long term, without the need to have the government as a permanent anchor customer. However, most studies and business plans do not consider the global picture of the cislunar economy, and only work with Earth-based activities when evaluating possible customers and competition. This work aims to set the framework for the study of the cislunar economy as a whole by identifying the market verticals that will form the basis of the economic activities in cislunar space, focusing on activities that create value in space for space. The prospective cislunar market verticals are identified based on a comprehensive review of current space activities and of proposed future business cases. This framework can be expanded in the future with evaluations of market sizes and relationships between verticals to inform business plans and investment decisions. The study was performed during the first two months in the summer of 2016 as part of the author's internship at NASA's Space Portal Office to complete the International Space University Master of Space Studies.
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Schrape, Jan-Felix
2017-01-01
Over the last 20 years, open source development has become an integral part of the software industry and a key component of the innovation strategies of all major IT providers. Against this backdrop, this paper seeks to develop a systematic overview of open source communities and their socio-economic contexts. I begin with a reconstruction of the genesis of open source software projects and their changing relation- ships to established IT companies. This is followed by the identification of f...
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LABOUR RELATIONS IN POSTINDUSTRIAL ECONOMY
Directory of Open Access Journals (Sweden)
Yuriy Rostislavovitch Chistyakov
2013-09-01
Full Text Available The article deals with inadequacy of present-day labour relations in economy. Out of date form of labour relations makes workforce dependable, causes social inequality, prevents economical development. The article gives results of theoretical and empiric research. The mechanism of guaranteed reproduction of labour to be realized as social partnership is offered.Purpose: the purpose is to give critical estimation of present-day labour relations in postindustrial economy.Method of studies: monographic, general theoretic economic analysis, correlation statistic analysisResults: a new modern adequate alternative form of labour relations guarantying the reproduction of labour is introducedField of application: industrial regulation both in economics in general and concrete businesses; motivation of workers.DOI: http://dx.doi.org/10.12731/2218-7405-2013-8-29
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More chemistry between green and growth. The opportunities and dilemmas of a bio-based economy
International Nuclear Information System (INIS)
2010-12-01
A bio-based economy is one in which enterprises manufacture non-food products from biomass. Such products include fuel for the transport industry, chemicals, materials, and energy. Biomass is the biological material of living or recently living organisms, either animal or vegetable. With technology becoming more sophisticated, it is growing easier to turn plants, trees, crops, and residual animal waste into biomass. Waste and waste streams are increasingly being used as input in production processes, thereby gaining an economic value of their own. They are giving rise to new, sustainable products with considerable added value that replace products based on non-renewable materials. New bio-based products may offer the Netherlands new economic opportunities. The Dutch can already boast a number of distinct advantages in that respect, thanks to the sophistication of their industrial sector, agro-industry, chemicals and energy industries, and transport and logistics sector - all key sectors in a bio-based economy. However, the growing world population and increasing level of prosperity worldwide, and the environmental and climate problems associated with such growth, are adding to the complexity of policy-making aimed at developing a bio-based economy. The shift from fossil-based to bio-based materials must be part of a comprehensive policy aimed at achieving a sustainable economy. [nl
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Regional Aspects of New Industrialization
Directory of Open Access Journals (Sweden)
Yakov Petrovich Silin
2017-09-01
Full Text Available In the article, the authors substantiate the need to consider the regional economic and other conditions when carrying out various essential transformations in the national economy of the country. We have argued the importance of new industrialization for overcoming the technological lag of the country and its regions and for supporting the large-scale structural transformations. We have proved that the complex set of the interconnected concepts and the theories of macro- and microlevels may be the theoretical platform for the paradigm of new industrialization. These are the theory of economic growth, the theory of the modernization of the economy, the theory of the change of technological ways during the industrial revolutions, theories of innovative development, developments in the field of the institutional theory. The authors have shown that the transition to new industrialization is the fundamental historical pattern for the majority of the countries of the world, including industrially developed ones. The purpose of the article is to identify the brightest tendencies and features of the development of the Ural macro-region in the years of market reforms as well as the definition of the strategic transformations in the context of the formation of new industrialization. The hypothesis of the research assumes that the revealed regional features of the Ural macroregion’s economic development are the prerequisites of its development as the centre of the modernization of the Russian economy. On the basis of the analysis of three groups of statistic data for the twenty-five year period of liberal and monetary reforms, the brightest tendencies and features of the development of the Ural macro-region are revealed. We have emphasized that the Ural macro-region has managed to keep its historically developed code — the industrial model of the economy, which have been developing for many decades. The authors have made a significant contribution of
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Energy and economic growth in industrializing countries
Energy Technology Data Exchange (ETDEWEB)
Samouilidis, J E; Mitropoulos, C S
1984-07-01
This paper investigates some aspects of the interrelated paths of economic growth and energy demand, in the case of an industrializing economy, through the use of numerous econometric models. Translog functions have helped establish that income and price elasticities of energy, two critical parameters in the energy-economy interaction, exhibit falling trends with time. The value share of the industrial sector is strongly associated with both energy demand and energy intensity. Any increase in the former will lead to amplified increases in the latter, rendering the continuation of past trends in industrial expansion questionable under conditions of high energy costs. Substitution among capital, labor and energy does take place, though to a limited extent, as indicated by the aggregate measure of energy/non-energy substitution elasticity. All findings appear to suggest that energy policymaking, in an industrializing country like Greece, will be of low effectiveness until certain structural changes in the economy are realized.
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Economic Efficiency of Innovative Materials for Sectors of Economy
Directory of Open Access Journals (Sweden)
Miroshnikova Tatyana
2016-01-01
Full Text Available The paper proposes an approach to the assessment of the economic efficiency of innovative anti-corrosion coatings for sectors of the national economy of the Russia on the basis of a synthesis of strategic sectoral and cost analysis. According to the authors, a comparative analysis of composite polymeric anticorrosion protecting coatings with similar products, estimating of direct and indirect economic effect and prognosis of implementation, forms a deeper understanding of the role of innovative technologies in the Russian state development of import substitution, the investment attractiveness of Russian industries in the new part technologies, applied research activities of private companies. Metal consumption sectors of the economy were chosen as an object of research, as they are characterized by the use of the following products: industrial construction and reconstruction, nuclear and thermal power, chemical, oil and gas, utilities, food processing, automotive, shipbuilding, aviation and rocket science, other industry. Basic modeling of implementation of anticorrosion protecting coatings in industrial enterprises was carried out on the basis of generating energy enterprises as one of the main end-users of anti-corrosive materials that also issue accurate statements.
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Scale economies and optimal size in the Swiss gas distribution sector
International Nuclear Information System (INIS)
Alaeifar, Mozhgan; Farsi, Mehdi; Filippini, Massimo
2014-01-01
This paper studies the cost structure of Swiss gas distribution utilities. Several econometric models are applied to a panel of 26 companies over 1996–2000. Our main objective is to estimate the optimal size and scale economies of the industry and to study their possible variation with respect to network characteristics. The results indicate the presence of unexploited scale economies. However, very large companies in the sample and companies with a disproportionate mixture of output and density present an exception. Furthermore, the estimated optimal size for majority of companies in the sample has shown a value far greater than the actual size, suggesting remarkable efficiency gains by reorganization of the industry. The results also highlight the effect of customer density on optimal size. Networks with higher density or greater complexity have a lower optimal size. - highlights: • Presence of unexploited scale economies for small and medium sized companies. • Scale economies vary considerably with customer density. • Higher density or greater complexity is associated with lower optimal size. • Optimal size varies across the companies through unobserved heterogeneity. • Firms with low density can gain more from expanding firm size
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Management of Vertically Integrated Systems Formation and Development in the Russian Economy
Directory of Open Access Journals (Sweden)
Kozhevnikov Sergei Aleksandrovich
2017-01-01
Full Text Available The article reviews the essence, nature, features and basic approaches to the interpretation of vertical integration. It proves that one of the key conditions for modernizing and neo-industrializing domestic economy and transforming Russia into an industrialized country is overcoming technological fragmentation of business entities, as was the case in the Soviet Union and is now observed in the developed countries. In this situation, it is vertical integration which can ensure the diversification and restructuring of the economy, the linkage between the extractive and processing industries. Based on the results of analyzing the activities of major multinational corporations (Royal Dutch Shell, Sinopec Corp., Valio Ltd. etc. it has been proved that these integrated systems supply competitive products with high degrees of processing and serve as growth drivers in developed economies. To justify this, the author calculated the companies’ value added multiplier. Currently, vertically integrated systems such as PhosAgro PJSC, LUKOIL PJSC, Miratorg agro-industrial holding company, KamAZ OJSC, Arkhangelsk pulp and paper mill PJSC operate in various economic sectors. The article shows that most of these companies’ level of technological integration is still not optimal; the formation of a full production chain is an additional factor in their development and competitive recovery. Accordingly, the author believes that the key objective of federal and regional authorities should be the transformational change in the economy by eliminating its disintegration and restoring processing chains of value added in priority economic sectors. The example of metallurgical industries integration (Steel Manufacture PJSC and machine-building integration (Mashinostroitel Corporation JSC shows many positive internal and external impacts of this kind of association. The creation of vertically integrated systems implies the development of a public policy which, through
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FROM CIRCULAR ECONOMY TO BLUE ECONOMY
Directory of Open Access Journals (Sweden)
Iustin-Emanuel, ALEXANDRU
2014-11-01
Full Text Available Addressing the subject of this essay is based on the background ideas generated by a new branch of science - Biomimicry. According to European Commissioner for the Environment, "Nature is the perfect model of circular economy". Therefore, by imitating nature, we are witnessing a process of cycle redesign: production-consumption-recycling. The authors present some reflections on the European Commission's decision to adopt after July 1, 2014 new measures concerning the development of more circular economies. Starting from the principles of Ecolonomy, which is based on the whole living paradigm, this paper argues for the development within each economy of entrepreneurial policies related to the Blue economy. In its turn, Blue economy is based on scientific analyses that identify the best solutions in a business. Thus, formation of social capital will lead to healthier and cheaper products, which will stimulate entrepreneurship. Blue economy is another way of thinking economic practice and is a new model of business design. It is a healthy, sustainable business, designed for people. In fact, it is the core of the whole living paradigm through which, towards 2020, circular economy will grow more and more.
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Globalisation, Crisis and Industrial Relations in the Indian Auto Industry
DEFF Research Database (Denmark)
D'Costa, Anthony
2011-01-01
in the broader capital-labour relation in the wider global economy due to globalisation is argued to be tempered by India's particular national and local institutions governing industrial relations, unionisation, the specific trajectory of the Indian auto industry, and economic development strategies. When much...... for employment security and lessons for other countries in these turbulent times....
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Regional Capital Inputs in Chinese Industry and Manufacturing, 1978-2003
Wang, Lili; Szirmai, Adam
2008-01-01
This paper provides new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953-2003), for the industrial sector (1978-2003) and for the manufacturing sector (1985-2003). The estimates for industry and manufacturing are broken down by thirty regions. The
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Jia, Yong-fei; Peng, Li-min
2011-01-01
Firstly, it is pointed out that circular economy should be vigorously developed in the Nansi Lake Drainage Area, and the connotation of circular economy is expounded. Then, problems in developing circular economy in Nansi Lake Drainage Area are analyzed from the aspects of agriculture, industrial enterprises, and waste utilization. Finally, combining with the four modes of peasant household, enterprise, region and society in the development of circular economy, corresponding countermeasures a...
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Directory of Open Access Journals (Sweden)
Anca Draghici
2017-06-01
Full Text Available The paper aims to present a scientific approach to the creation, testing and validation of a model for performance measurement for university-industry collaboration (UIC. The main idea of the design process is to capitalize on existing success factors, facilitators and opportunities (motivation factors, knowledge transfer channels and identified benefits and to diminish or avoid potential threats and barriers that might interfere with such collaborations. The main purpose of the applied methodology is to identify solutions and measures to overcome the disadvantages, conflicts or risk issues and to facilitate the open innovation of industrial companies and universities. The methodology adopted was differentiated by two perspectives: (1 a business model reflecting the university perspective along with an inventory of key performance indicators (KPIs; (2 a performance measurement model (including performance criteria and indicators and an associated methodology (assimilated to an audit that could help companies increase collaboration with universities in the context of open innovation. In addition, in order to operationalize the proposed model (facilitating practical implementation, an Excel tool has been created to help identifying potential sources of innovation. The main contributions of the research concern the expansion of UICs knowledge to enhance open innovation and to define an effective performance measurement model and instrument (tested and validated by a case study for companies.
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Creative Industries: Development Processes Under Contemporary Conditions of Globalization
Directory of Open Access Journals (Sweden)
Valerija Kontrimienė
2017-06-01
Full Text Available The article deals with the processes of developing creative industries under conditions of a growth in the worldwide economy and globalization, discloses the role of the sector of creative industries and shows its place in the system of the modern global economy. The paper presents a comparative analysis of theories and theoretical approaches intended for the sector of creative industries and its development as well as defines regularities and specificities characteristic of the development of creative industries. Particular attention is shifted on the growth and development of creative industries considering the current challenges of globalization and on the most important specificities of the developing sector in the context of the challenges of economic globalization. The paper examines the trends reflecting the place of the sector of creative industries in the economy of the modern world, including the tendencies indicating changes in the export of the products created in this sector. The article considers the issues of developing creative industries and reveals priorities of future research.
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Creative economy and knowledge-based society. Perspectives for Romania
Directory of Open Access Journals (Sweden)
Istudor Laura Gabriela
2017-07-01
Full Text Available Creative economy is a rather new concept that started developing during the last decade, being currently applied to a variety of activities and professions. It has become an important sector of the global economy, being sustained and promoted by the European Union, especially in the context of an innovative and knowledge-based society. Within this new type of economy, creativity, innovation and knowledge management are essential factors that lead to a smart, sustainable and inclusive development in regard to the creation of new jobs and to the social inclusion requirements. According to John Howkins (2001, the creative industries / sectors include art, research, advertising, movies, theatre, software, with the possibility of the concept of creative economy to be extended to other non-artistic and IT related fields, where improvements are expected to arise through innovation and creativity. The Global Creativity Index (GCI and the European Innovation Scoreboard (EIS, are two benchmarking tools that measure the creativity and innovation degree of the countries in the European Union, placing Romania within the last positions, especially with respect to intellectual property rights and entrepreneurship. The research methodology consists of both qualitative and quantitative methods, while the research questions to be answered are What is the degree of innovation in Romania compared to other states? What can be done in order to increase the level of innovation in Romania? In this viewpoint, the paper analyzes the development of the creative industries / sectors in Romania, in the context of creative economy and innovation. The objective of the paper is to analyze the extent to which the concept of creative economy can be promoted and implemented in Romania, given its increasing importance at the international level, with countries such as the United Kingdom that already adopted strategies to sustain this kind of economy in the past years. In order to
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Open Innovation at the Root of Entrepreneurial Strategy: A Case from the Norwegian Oil Industry
Directory of Open Access Journals (Sweden)
Tatiana Iakovleva
2013-04-01
Full Text Available This article aims to extend the discussion about entrepreneurial strategies of small and medium-sized enterprises (SMEs by including the concept of open innovation. How can SMEs overcome the challenges of resource scarcity and harsh competition? How they can gain competitive advantage in today’s ever-changing business environment? The answer to both of these questions might be through open innovation: collaborating with researchers, customers, suppliers – even competitors – as well as research institutions and universities. A common barrier to open innovation in an SME is the perception that it will be too time consuming to gain access to a knowledge base of external knowledge providers and link to “gatekeepers” of knowledge. However, an entrepreneurial mindset might help SMEs to move toward an open-innovation approach, where more codified and transferrable knowledge are important. This article discusses the implications of an entrepreneurial focus for open-innovation activities. The usefulness of the open-innovation principles are highlighted through a case study of an Norwegian SME operating in the maritime-oil industry.
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DEFF Research Database (Denmark)
collaborative economy and tourism Dianne Dredge and Szilvia Gyimóthy PART I - Theoretical explorations 2.Definitions and mapping the landscape in the collaborative economy Szilvia Gyimóthy and Dianne Dredge 3.Business models of the collaborative economy Szilvia Gyimóthy 4.Responsibility and care...... in the collaborative economy Dianne Dredge 5.Networked cultures in the collaborative economy Szilvia Gyimóthy 6.Policy and regulatory perspectives in the collaborative economy Dianne Dredge PART II - Disruptions, innovations and transformations 7.Regulating innovation in the collaborative economy: An examination...... localities of tourism Greg Richards 11.Collaborative economy and destination marketing organizations: A systems approach Jonathan Day 12.Working within the Collaborative Tourist Economy: The complex crafting of work and meaning Jane Widtfeldt Meged and Mathilde Dissing Christensen PART - III Encounters...
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2008 Industrial Technologies Market Report, May 2009
Energy Technology Data Exchange (ETDEWEB)
Energetics; DOE
2009-07-01
The industrial sector is a critical component of the U.S. economy, providing an array of consumer, transportation, and national defense-related goods we rely on every day. Unlike many other economic sectors, however, the industrial sector must compete globally for raw materials, production, and sales. Though our homes, stores, hospitals, and vehicles are located within our borders, elements of our goods-producing industries could potentially be moved offshore. Keeping U.S. industry competitive is essential to maintaining and growing the U.S. economy. This report begins with an overview of trends in industrial sector energy use. The next section of the report focuses on some of the largest and most energy-intensive industrial subsectors. The report also highlights several emerging technologies that could transform key segments of industry. Finally, the report presents policies, incentives, and drivers that can influence the competitiveness of U.S. industrial firms.
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Strategies for developing knowledge economy in Romania
Directory of Open Access Journals (Sweden)
Hadad Shahrazad
2017-09-01
Full Text Available The present paper delves into the specifics of knowledge economy with a particular focus on Romania. In the first part, it identifies knowledge economy characteristics and pillars and it analyses them as compared to levels exhibited by countries in the European Union. In the second part it argues for the strategies that could be used for enhancing knowledge economy in Romania. In order to do so we used the Delphi method and we identified 25 experts in the knowledge economy/management field coming from internationally renowned companies, universities and ministries located in Romania, to whom we sent invitations for participating in our Delphi survey that lasted one month. Out of the 25 experts, 10 answered positively and during the research we had an attrition rate of 90%. The experts delivered their opinions on the measures to be adopted in order to increase education and learning, ICT and innovation as building blocks of knowledge economy. Findings reveals that knowledge economy can be developed by adopting measures such as: devising a governmental program that will sustain the development of knowledge repositories at the level of technological clusters, industry associations and other professional organizations by providing financial assistance for hardware acquisition and software development in order to facilitate knowledge transfer; Governmental program for the financial support of schools’ investments in hardware and educational software and the training of staff for the use of ITC in teaching and learning, etc.
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GLOBALIZATION PRECONDITIONS FOR TRANSNATIONALIZATION OF THE WORLD ECONOMY
Directory of Open Access Journals (Sweden)
Vyshnevska O.
2018-03-01
Full Text Available Globalization is a process that embodies the transformation of the spatial organization of the world and its regions, social relations and interactions measured by such indicators as: duration, intensity, speed and influence that give rise to intercontinental or interregional flows and structures of activity, interactions and manifestations at the socio-economic and ecological levels. The purpose of the study is to substantiate the priorities in ensuring the national security of the state in view of the impact of globalization factors, the introduction of approaches to the adaptation of the country’s economy to the processes of transnationalization of the world economy. Modern globalization of the world economy is reflected in the deepening of internationalization of production. Globalization is characterized by a positive and negative impact on different systems, an increase in the influence of the process of transnationalization. It is revealed that transnationalization is often understood by new phenomena, qualitative changes taking place in the world economy. Transnationalization is seen as a process of expanding the international activities of industrial firms, banks, service companies, and their exit from the national boundaries of individual countries, which leads to the growth of national companies in transnational. The main factors of the negative impact of TNCs on the economy of the recipient country are: the danger of introducing environmentally hazardous technologies; development of innovations in strategic enterprises of the defense industry; outflow of foreign investment due to negative macroeconomic trends; insufficient rates of development of branches of TNCs, due to the tendency to exaggerate the reaction to a possible change in market conditions. For the transnationalization of the economic sphere, the emergence and strengthening of the positions of international monopolies, transnational corporations, international financial
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Globalization and the Rise of the Entrepreneurial Economy
Audretsch, D.; Sanders, M.
This paper argues that recent trends in the global economy have led to a shift in developed countries’ comparative advantage from mature industrial to early stage entrepreneurial production. We develop a three stage product life cycle model in which we distinguish between life cycle stages
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Directory of Open Access Journals (Sweden)
Leonid MELNYK
2017-06-01
Full Text Available Future professionals in fields, which are in increasing demand on the labour market, need “Learning in Depth”. Such approach ensures that every student becomes familiar with specific EU issues they may choose to specialize on. It can be achieved via employing different teaching methodologies and technics. Developing in-depths learning materials, including hand-outs, power point presentations, tutorials materials, video-lectures, open on-line courses are part of this approach. Instead of traditional face-to-face lecturing, it implements lectures with open discussions and game simulations, targeting in particular cross-cultural peculiarities for sustainable development fostering based on achievements of Industry 3.0 and Industry 4.0. Much of the attention would be paid for the debates as a part of learning by doing methodology. The basic here is the Karl Popper format of debates. Its extended format with Government and Opposition as two confronting parties is preferable, modelled by debates with NGOs participation, local government, business, developers, and active citizens. The other type of team-work projects are round tables discussions, during which global scale issues will be simulated, where each student would need to become an expert for solving critical issues. There would be specific tasks of modelling production/consumption nets, including those achieved by social and solidarity economies.
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Activation analysis in gold industry
International Nuclear Information System (INIS)
Kist, A. A.
2003-01-01
Nuclear techniques and methods were, are, and will be very important for many fields of science, agriculture, industry, etc. Among other examples one can remember role of the nuclear medicine (radiotherapy and radiodiagnostic methods) or semiconductors (communication, computing, information, etc.) which industrial production has been on initial stage based on activation analysis. One of very illustrative examples is application of nuclear methods in gold industry. This is given by favorable nuclear properties of gold. Uzbekistan is one of the main producers of gold. Open-cast mining and hydro metallurgic extraction (using leaching by cyanide and sorption by ion-exchange resin) is the mostly used technology. The typical gold ores are sulfide and contain elevated concentration of As and Sb. That needs special technology of gold extraction. Importance of gold for Uzbekistan economy is a reason why for many years there are carried out studies concerning to gold production. These studies include also nuclear methods and their results are successfully used in gold industry. The present paper gives a brief overview for period of 25 years. For many reasons most of these studies were not published before completely. Despite some results are obtained decades ago we decided to present the overview as an example how nuclear methods can cover requirements of the whole process. We are trying to sort these studies according to methods and applications
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International Nuclear Information System (INIS)
Therrien, R.
2009-01-01
'Full text': As Canada's largest university research-funding agency, the Natural Sciences and Engineering Research Council of Canada (NSERC) supports the training of some 26,500 university students and postdoctoral fellows, funds the research efforts of more than 11,800 university and college professors and stimulates academic-industry research and development (R and D) partnerships involving over 1,400 companies each year. In the hydrogen and fuel cell arena, NSERC has sponsored cutting edge research for over two decades. During that time, the level of activity has intensified significantly - from a mere handful of projects in the early 1980s and 1990s, to more than 150 grants and scholarships in 2008. Since 2002, NSERC's annual support has tripled from about $2.9 million to over $9 million. More than half of that investment is earmarked for university-industry projects involving over 40 fuel cell and hydrogen business interests. NSERC supports hydrogen advances through its Discovery Grants for basic research, Research Partnerships Programs' grants for research and knowledge transfer involving companies, and scholarships and fellowships for skills development. All of these initiatives provide advanced training for students at the post-graduate level, resulting in job-ready professionals who will help shape tomorrow's hydrogen economy. In 2007, NSERC doubled its funding for strategic research partnerships in the area of sustainable energy systems, including hydrogen-related R and D. These public-private partnerships permit companies to capitalize, at minimal cost, on university innovations and training. In addition to supporting project-specific partnerships, the new funds enabled the creation of several national networks that unite industrial and research interests engaged in fuel cell advancement on the one hand, and in hydrogen technologies on the other. The partnership opportunities that exist at NSERC will be briefly described and examples of successful
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The Maritime Potential of ASEAN Economies
Directory of Open Access Journals (Sweden)
Hans-Dieter Evers
2011-01-01
Full Text Available Countries may utilize a long coastline in relation to their landmass as a resource to develop their maritime economy. This paper argues that ASEAN countries differ in utilizing their maritime potential. As a basis for further comparative studies the Center for Policy Research and International Studies (CenPRIS in Penang developed a set of indicators to measure the maritime potential of nations, the state of their maritime industries, and the degree to which the maritime potential has actually been utilized. Using the CenPRIS Ocean Index (COI shows that Brunei and the Philippines have underutilized their maritime potentials, whereas Singapore and Thailand have made full use of it. Malaysia still has the potential to further develop its maritime economy.
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Directory of Open Access Journals (Sweden)
T. K. Usmanova
2017-01-01
Full Text Available Purpose: the aim of the article is to reveal problems and prospects, formulate economic security within the framework of innovation projects management, plan technologies in the context of integrating economies into the world economy, identify opportunities for forming, organizing, financing, managing priority economic directions. The subject is the management of innovative projects to ensure the economic security of Russian regions. The relevance of the chosen topic is due to the study of the features of the current state and the problems of the formation of economic security, the development of innovative design solutions in the context of integrating economies into the world economy. Ensuring the economic security of the regions of Russia directly depends on the introduction of innovative technologies and project management in the sectors of the national economy of Russia. Methods: the methodology of the solution of objectives is based on usage of a method of dialectic research, methods of the economic analysis, forecasting, the situational and systemic analysis, expert evaluations and the analysis of empirical data. Hypothesis. Ensuring an economic safety requires formation of innovative solutions, change of the current legislation within the Strategy of social and economic development in the conditions of integration of economies into the world economy. Results: the practical significance of the work is to identify the interrelationship between the development processes of innovative projects that ensure the economic security of the regions of Russia within the framework of regulating the current legislation, forecasting effective economic activity within the framework of the New Industrialization Strategy, selecting optimal project planning models to ensure the country's economic security and competitiveness in the conditions of integration Economies into the world economy. Conclusions and Relevance: in the conditions of integration of
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The Rise of Middle Kingdoms: Emerging Economies in Global Trade
Gordon H. Hanson
2012-01-01
In this paper, I examine changes in international trade associated with the integration of low- and middle-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for imported raw materials, which they use to build cities and factories. Industrialization throughout the South has deepened globa...
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SMEs’ Wealth Creation Model of an Emerging Economy
Directory of Open Access Journals (Sweden)
Olalekan Usiobaifo ASIKHIA
2016-05-01
Full Text Available This article synthesizes the evidence on SMEs’ wealth creation in an emerging economy, paying particular attention to human resource/expertise, technology adoption, innovation and creativity, unit economies, organizational infrastructure and strategy as determinants of SMEs’ wealth creation. A survey of 581 Nigerian SMEs was conducted and the data was analysed and tested using multiple regression and structural equation modelling. The findings revealed Human resource/CEOs expertise as the highest contributory factor to wealth creation within the firm in the industrial and the commercial sectors. The relevant domains were modelled and relevant policy adjustments were suggested.
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Challenges of the Open Source Component Marketplace in the Industry
Ayala, Claudia; Hauge, Øyvind; Conradi, Reidar; Franch, Xavier; Li, Jingyue; Velle, Ketil Sandanger
The reuse of Open Source Software components available on the Internet is playing a major role in the development of Component Based Software Systems. Nevertheless, the special nature of the OSS marketplace has taken the “classical” concept of software reuse based on centralized repositories to a completely different arena based on massive reuse over Internet. In this paper we provide an overview of the actual state of the OSS marketplace, and report preliminary findings about how companies interact with this marketplace to reuse OSS components. Such data was gathered from interviews in software companies in Spain and Norway. Based on these results we identify some challenges aimed to improve the industrial reuse of OSS components.
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The Danish Industrial Foundations
DEFF Research Database (Denmark)
Thomsen, Steen
and governed, what role it plays in the Danish economy, and how industrial foundation-owned companies perform. The book is the result of a large collaborative research project, led by the author, on industrial foundations. Some global companies such as IKEA, Robert Bosch or the Tata Group are foundation...
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Chao, C.-W.; Heijungs, R.; Ma, H.-W.
2013-01-01
Taiwan is attempting to implement the concept of a green economy through a Low Carbon Growth Plan (LCGP). However, the existing decision support tools for this measure have three key limitations: ignorance regarding the open economy; a lack of life cycle thinking; and limited categories of
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War and Economy : Rediscovering the Eighteenth-Century Military Entrepreneur
Brandon, Pepijn; 't Hart, M.; Torres-Sánchez, Rafael
2017-01-01
The detrimental effects traditionally assigned to warfare in the development of pre-industrial economies have obscured the prominent role that military entrepreneurs played in economic development in this period. Historiography minimises the extent to which war and the concomitant strengthening of
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The oil and gas sector in the brazilian economy
Guilhoto, Joaquim J.M.; Ichihara, Silvio Massaru; Postali, Fernando Antonio Slaibe
2007-01-01
This paper presents the results of a research conducted to measure the importance of the oil and gas complex in the Brazilian economy and in its states, henceforth called O&G. Initially, the efforts were concentrated on the construction of an interregional input-output system for the 27 states of the Brazilian economy at the level of 42 industries, for the year of 2002. By using this system, it was possible to make an analysis of the role played by the oil and gas complex in the Brazi...
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Riepula, Mikko
2015-01-01
Open Innovation—and Open Source as its particular manifestation in the software industry—have recently been touted as cornerstones of competitiveness for firms in the new service economy and of value added by public institutions involved in the gathering, processing and publishing of information. Although the basic concepts are by no means new, a considerable surge in research literature has occurred over the past decade around the keywords of open source, open innovation, value co-creation a...
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Directory of Open Access Journals (Sweden)
Carmem Aparecida Feijo
2002-01-01
Full Text Available The aim of this paper is to recover Kaldor´s propositions to shed some light on the recent debate about industrial productivity in Brazil. Nowadays, it is a well-disseminated idea that the opening of the economy has contributed to the increased industrial productivity in the nineties. However, theoretical arguments have emphasized supply sources as the main cause of such an increased productivity. Following the Keynesian tradition, Kaldor emphasizes the importance of the aggregate demand components to explain productivity growth. In conclusion, we call attention to the fact that sustainability of productivity growth depends basically on the factors working on the aggregate demand side.
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Meeting U.S. passenger vehicle fuel economy standards in 2016 and beyond
International Nuclear Information System (INIS)
Cheah, Lynette; Heywood, John
2011-01-01
New fuel economy standards require new U.S. passenger vehicles to achieve at least 34.1 miles per gallon (MPG) on average by model year 2016, up from 28.8 MPG today. In this paper, the magnitude, combinations and timings of the changes required in U.S. vehicles that are necessary in order to meet the new standards, as well as a target of doubling the fuel economy within the next two decades are explored. Scenarios of future vehicle characteristics and sales mix indicate that the 2016 mandate is aggressive, requiring significant changes starting from today. New vehicles must forgo horsepower improvements, become lighter, and a greater number will use advanced, more fuel-efficient powertrains, such as smaller turbocharged engines, hybrid-electric drives. Achieving a factor-of-two increase in fuel economy by 2030 is also challenging, but more feasible since the auto industry will have more lead time to respond. A discussion on the feasibility of meeting the new fuel economy mandate is included, considering vehicle production planning realities and challenges in deploying new vehicle technologies into the market. - Research Highlights: → The new 2016 fuel economy standards for passenger vehicles in the U.S. can be met, but are aggressive. → Future vehicles must forgo horsepower improvements, become lighter, and a greater number will use advanced, more fuel efficient powertrains. → The challenge of meeting the fuel economy targets is defined by both the magnitude and the timing of these requirements. → Doubling the fuel economy by 2030 is also challenging, but more feasible since the auto industry will have more lead time to respond.
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Real economy versus virtual economy - New challenges for nowadays society
Directory of Open Access Journals (Sweden)
Associates Professon Dr. Veronica Adriana Popescu
2011-05-01
Full Text Available In the paper Real Economy versus Virtual Economy – New Challenges for Nowadays Society our goal is to present the importance of both real economy and virtual economy.At the begging of our research, we have presented the main views of some specialists concerning both virtual and real economy. After that we have compared the two types of economies and we have stressed the most important aspects connected to them. The main reason why we have decided to approach this complex subject is due to the increasing interest in the virtual economy matters and the relation that this particular type of economy develops with the real economy.
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CREATING A BUDGET FOR THE CURRENT STAGE OF DEVEL OPMENT OF THE RUSSIAN ECONOMY
Directory of Open Access Journals (Sweden)
Andrey A. Derkach
2014-01-01
Full Text Available The article discusses the methodology ofthe budget in terms of innovative development of the Russian economy. Explored approaches to evaluating the effectiveness of public investment. The features of the use of resources of the Investment budget in innovative software industry asthe social sphere and the real economy
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The industrial division of labor among immigrants and internal migrants to the Los Angeles economy.
Ellis, M; Wright, R
1999-01-01
This study examined the industrial division of labor among immigrants and in-migrants in the Los Angeles, California, metropolitan area. It addresses debates about channeling of new arrivals into jobs among similar ethnic groups and human capital views. Data were obtained from the 1990 Census on resident native-born, resident foreign-born, in-migrants, and recent immigrants who arrived during 1985-90. Light and Rosenstein's (1995) concepts of groups and their resources were used to organize ideas about ethnic networks and their effectiveness in channeling migrant workers into 15 industrial sectors. Sectoral differences were revealed with the familiarity index of dissimilarity. Findings reveal that social networks were the strongest for Koreans, who supplied work for recent arrivals in the same sectors as Korean-born residents, regardless of education. Mexican new arrivals were less likely to work in the same sectors as their resident Mexican counterparts. Mexican networks placed new arrivals in durable manufacturing in the 1960s and 1970s when it was a key source of employment. By the 1980s and 1990s, the economy shifted and employment went down in durable manufacturing. Mexicans thus found employment elsewhere. Native White and Black in-migrants had the strongest channeling into same sector jobs. This is attributed to the small streams, the ability of the labor market to absorb these workers, and the availability of job vacancies among native out-migrants. Filipino migrants had similar patterns as Whites and Blacks. Mexican and Central American residents had more inter-ethnic competition over jobs than Whites or Blacks.
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Digital Economy for Sustainable Economic Growth
Directory of Open Access Journals (Sweden)
Shuyong Guo
2017-12-01
Full Text Available Recent decades have seen a rapid digital transformation resulting in important and sometimes even crucial changes in business, society and the global economy. After the global crisis of 2008–2009, digital industries have been among the most dynamic and promising in the global economy. Nevertheless, the world lacks equilibrium between benefits and risks in the digital economy, which explains the need for global governance in this sphere. This article analyzes the role and characteristics of the G20 in the introduction of global governance in the digital economy. The authors review what’s meant by the digital economy and define the key characteristics of this sector, as well as highlight the challenges to international cooperation, analyze the digital strategies of G20 countries, study the G20’s participation in the global governance of the digital economy, analyze the potential for the leaders of China and Russia, and make recommendations concerning the participation of the G20 in the global governance of the digital economy. The authors arrive at the following conclusions. First, society has to govern the digital economy properly in order to eliminate disparities between developed and developing countries, as well as address cyber security and other threats, and promote a higher quality of life for all. Second, the G20 has very limited experience in the governing of the digital economy, but as a leader in terms of soft power, and as an organization with limited membership that includes both countries with a developed digital sector and countries that lag behind, it may play a great role in the digital economy’s global governance. Third, the US has historically been a leader in the IT sector and the digital economy. In recent years, China has sufficiently improved its positions, which allows it to aspire to a higher role in global governance. Russia may also play a greater (though not a leading role, taking into account its experience and
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Herman, Chaya
2013-01-01
An assessment of the extent to which industry-university partnerships in doctoral education, which have become increasingly prevalent in the knowledge economy, have begun to penetrate the South African higher education milieu, is reported. The factors that motivate large industries in developing countries such as South Africa to invest in doctoral…
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Incubation Programs from Public Research Organizations as Catalysts for Open Business Ecosystems
Directory of Open Access Journals (Sweden)
Sven H. De Cleyn
2013-04-01
Full Text Available In many economies, new knowledge and technology creation and transfer towards local entities and new startups have been recognized as catalysts for industry renewal and tools for safeguarding (or even enhancing a region’s employment and prosperity. This article presents a case study of iMinds, a network organization in Flanders, Belgium. The organization fosters interdisciplinary research in information and communication technologies (ICT and strongly engages in transferring these new technologies towards local actors and in creating and supporting new startups. iMinds’ incubation and entrepreneurship programs act as catalysts for open innovation and company startup activities in the Flemish region.
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Korse, M.; Ruitenburg, Richard Jacob; Toxopeus, Marten E.; Braaksma, Anne Johannes Jan
2016-01-01
Industry shows an increasing interest in the circular economy. However, circularity for physical capital assets is still ill-defined and existing models are complex and information dependent hindering implementation. This paper addresses these gaps by operationalizing circular economy principles and
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Competing in the Global LED Industry: The Case of Taiwan
Directory of Open Access Journals (Sweden)
Yu-Shan Su
2014-01-01
Full Text Available Light-emitting diode (LED is a very essential application for energy-savings nowadays. The revenue of the Taiwan LED components industry is ranked top one in the world, followed by that of Japan and South Korea. Based on the advantage of their electronics industry, Taiwanese LED companies create a unique model to compete with the international firms. Large international LED companies achieve economies of scale by vertically integrating their operations. Taiwanese LED companies specialize and achieve an optimal efficiency by vertically disintegrating across the upstream, midstream, and downstream sectors in the value chains. Taiwanese LED companies create economies of scale and economies of scope through a complete industrial value chain.
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DEFF Research Database (Denmark)
Stewart, Raphaëlle Marie Marianne; Niero, Monia; Murdock, Karen
2018-01-01
The circular economy concept provides a key opportunity to address the challenge of resource scarcity for both policy makers and industries. Companies are urged to play their part and integrate circular economy in their business. However, little has been said about how implementation should occur...... and the consequences for the industry. This paper explores possibilities for the business implementation of a beverage producer’s circular economy strategy, which consists in setting up a closed-loop supply of aluminum beverage cans. For this purpose, we develop a business model-inspired framework derived from...
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International Nuclear Information System (INIS)
Martin, J.M.
1992-01-01
This book, divided into four parts, describes, first, energy consumption and national economy growth. In a second part, the irresistible ascent of coal, natural gas and petroleum international markets is studied. In the third part, energy politic is investigated: exchanges releasing, prices deregulation, contestation of power industry monopoly, energy national market and common energetic politic, single market concept. In the last part, global risks and world-wide regulations are given: demand, energy resources, technical changes, comparative evaluations between fossil, nuclear and renewable energies, environment, investments financing and international cooperation. 23 refs., 14 figs., 16 tabs
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Making the economy work for youth | IDRC - International ...
International Development Research Centre (IDRC) Digital Library (Canada)
2013-08-06
Aug 6, 2013 ... English · Français ... For economies to be more inclusive for youth, it's important to create training ... With IDRC support, Lemos and his team have led projects that demonstrated the value of using open models to ... This relative disadvantage is evident despite notable advances in educational levels and ...
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Energy Technology Data Exchange (ETDEWEB)
Robinson, Silvan [Royal Inst. of International Affairs, London (United Kingdom)
1992-10-01
The ideology of the market economy has become dominant in all walks of economic life and the energy industries are no exception. In the oil business, the stabilizing structures of the international majors and of long-term prices have been replaced by industrial fragmentation and market price mechanisms. Monopolies in other energy industries are being progressively dismantled. This live experiment is being conducted on an industry which historically has suffered from feast and famine economics and has tried to protect itself through various forms of cartelization. The short-term effects of this open market have so far tended to improve flexibility and consumer choice. The price instability has proved manageable. The danger is that cash flow compression will reduced investments in the future and an ability to make very long lead time shifts in the energy mix. For this some government intervention in markets is necessary. (author).
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Does Public Investment Boost Economic Growth? Evidence from An Open-Economy Macro Model for India
Pal, Soubarna
2008-01-01
Using annual data for India for the period 1984-2003 and employing parametric technique (GMM), the present paper jointly determines GDP growth, real exchange rate and net foreign assets in Indian economy. There is evidence that public investment exerts a significant influence on real exchange rate and the growth rate and does so non-linearly. A comparison of the Indian estimates with those available for the UK and the USA economies is also revealing and highlights the role of governance on th...
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Evolutionary economics and industry location
Boschma, R.A.; Frenken, K.
2003-01-01
This paper aims to provide the outlines of an evolutionary economic geography of industry location. We discuss two evolutionary explanations of industry location, that is, one that concentrates on spin-offs, and one that focuses attention on knowledge and agglomeration economies. We claim that both
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South Africa's mineral industry
International Nuclear Information System (INIS)
1985-06-01
The main aim of the Minerals Bureau in presenting this annual review is to provide an up-to-date reference document on the current state of the mineral industry in South Africa. This includes a brief look at the production, trade, economy, resources and deposits of precious metals and minerals, energy minerals, metallic minerals, and non-metallic minerals. One article discusses the production, trade, export, deposits and economy of uranium
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Auto industry late followers knowledge creation through internationalization
Directory of Open Access Journals (Sweden)
Marković Dušan
2016-01-01
Full Text Available Radical changes of business environment have been caused by growing globalization at the beginning of the 21st century. Consequently, a strong network of trade and investment relationships between national economies has been established. Although it entails many risks, global business environment opens up great opportunities, as well. In order to seize these opportunities, many companies from emerging markets internationalize their business operations, and thus challenge once untouchable leaders from developed countries. Traditional theories on multinational companies cannot fully explain their motives for going abroad. Recently, the automotive industry has become a new field where the late followers from emerging markets try to challenge the leaders. This paper includes the following three case studies: Hyundai - Kia, Geely - Volvo, and Tata Motors - Jaguar Land Rover. These case studies show that although the late followers in the automotive industry use different internationalization strategies, they all perceive internationalization as a means of obtaining the lacking competencies and building up a positive reputation.
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Dismantling the Cold War economy
International Nuclear Information System (INIS)
Markusen, A.; Yudkin, J.
1992-01-01
End-of-the-Cold-War economic realities include political jockeying over the future of weapons systems, a paucity of meaningful conversion efforts, and a suspicion that a weak economy will be unable to compensate for the loss of jobs and purchasing power as defense budgets are reduced. The authors of this book present three interrelated hypotheses: The first is that the existence of a large military production sector has depleted the civilian economy of key resources and has preempted creation of the kind of broad-base civilian-oriented industrial policies needed for economic revitalization. The second is that a large military production sector creates barriers to the movement of resources. The third is that economic depletion and the barriers to moving resources to civilian production make conversion planning essential. This book explains why conversion is difficult, but offers only a few pages of specific conversion proposals
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Industrial Diversification, Employment and Rural Poverty Reduction ...
African Journals Online (AJOL)
This study compares the impact of industrial diversification on employment and rural poverty reduction in China and Nigeria. The fact that both countries ... better success. Key Words: Agro-Allied Industry, Industrial Diversification, Rural Development, Poverty Reduction, Employment, Non-Farm Enterprise, Nigerian Economy.
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STATE REGULATION OF THE NATIONAL ECONOMY OF RUSSIA
Directory of Open Access Journals (Sweden)
Vitaly Andreevich Shumaev
2016-01-01
Full Text Available The experience in the fi eld of public sector management of the economy, shows the shortcomings identified issues and proposed recommendations to increase the participation of the state in economic development through the expansion of the public sector and the use of innovative industrial policy. The system of economic institutions is recorded in all sectors of the economy. Therefore, the newly formed market institutions are faced with malfunctioning of economic mechanisms and poorly rooted in society. Goal / task. The purpose of this article is to search for the optimal model of management of state sector of economy taking into account modern shortcomings with the purpose of increase of efficiency of activity of economic subjects. The task of this article is to investigate the system of state management of economy in conditions of the worsening economic situation, as well as the search for the optimal model of management of economy of the state. Methodology. In conducting this study the main sources of baseline data were the materials of the state statistics, the works of famous economists. The basis of methodological developments based on comparative methods of analysis. Results. As a result of conducted analysis draws conclusions and makes recommendations aimed at reforming the domestic economy. Conclusions / significance. In the current economic conditions of the state and the new economic realities it is necessary to focus on attracting domestic capital in the Russian economy with the aim of increasing its effectiveness, as well as the analysis of the modern privatisation.
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Industrial policy: Where does innovation fit in?
CSIR Research Space (South Africa)
Levin, Saul
2017-10-01
Full Text Available to achieve economic growth. History has shown us that the most successful nations in terms of economic growth and development were those that supported and contributed to growing the industrial base of their economy. Even today those developed economies... point but that does not ensure rapid economic growth or economic development. History is also littered with those countries that became off-shore destinations for very cheap assembly only to find they lose their industrial base when conditions change...
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Spillover Effects of the Russian Economy: Regional Specificity
Directory of Open Access Journals (Sweden)
Elena Anatolyevna Fedorova
2016-03-01
Full Text Available The purpose of the study is to evaluate the strength and direction of the distribution of the foreign direct investments (FDI in regional economy. The subject matter of the research is FDI to the regions of Russia. The subject of the study is relevant as it makes possible to estimate the long-term consequences from the restrictions of the West countries (in connection with sanctions against the inflow of the foreign capital to the regions of the Russian Federation. The study is based on the following hypotheses: 1. Russian regional economy has horizontal (distribution of effects from FDI within an industry and vertical spillover effects (distribution according to a technological chain, from product suppliers to product consumers. Vertical effects are more important and have greater amplitude than horizontal effects. An industry competition is one of the causes of negative horizontal spillover effect, and the scale of the company is the reason of positive horizontal spillover effect. 2. FDI generates the positive regional spillover effects on the productivity of domestic firms in the Russian economy. 3. Regional industry specificity influences the sign and magnitude of spillovers from FDI. 4. Time sensitivity is revealed for horizontal spillovers, so the regional effects may change the direction. As an empirical basis of the study, the statements of 23567 Russian companies with FDI and 25354 Russian enterprises without FDI for the 5 years were used. The methodology of the research is the calculation of spillover effects, Cobb-Douglas production function and panel data regression. The study has found, that the direct vertical spillover effects are almost absent. That means that industrial consumers do not notice the effect of inward FDI. At the same time, the converse effect related to the product suppliers is positive, but as the direct effect, it is not more important in any group of regions then the horizontal effect. The Russian economy has a
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REVIEW OF FDI THEORY IN THE KNOWLEDGE–INTENSIVE ECONOMY
Directory of Open Access Journals (Sweden)
Ruslan Harasym
2013-02-01
Full Text Available International flow of capital in the form of Foreign Direct Investment (FDI is considered to be the primary form of capital transfer in the global economy. It plays an important role among other forms of international capital flows, due to the intensity of its streams and its strength of impact on local economies. Host countries use FDI to finance activities such as industry restructuring and transfer of technology. The aim of this paper is to present current achievements in the field of theoretical explanations of FDI – its main motives. The article relates also to current selected trends in FDI flows during the economic downturn caused by the recent financial crisis. Above all ,however, this paper aims at showing FDI theories in terms of a knowledge intensive economy.
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The Digital Economy: Controversity of Content and Impact on Economic Development
Directory of Open Access Journals (Sweden)
Kolomiyets Ganna M.
2017-07-01
Full Text Available The transformations of the technological structure of current economy have led to the emergence of digital economy that offers significant opportunities and, at the same time, creates threats. The article is aimed at displaying methodological approaches to interpretation of digital economy, contradiction of the possible results of its development and functioning, and the practical relevance of research into this phenomenon. The digital economy transforms economic interactions; destroys long chains of intermediaries; speeds up the conclusion of different agreements; eliminates spatial constraints in access to markets; offers competitive advantages to companies regardless of their size; enables to create a scale effect and materialize its positive impact by reducing costs. At the same time, in developed countries and industry sectors that can easily be automated, the need for low-and medium-skill workers is severely reduced. A more part-time economy is being formed, with engagement of freelancers who are not covered by the social security system on a short-term basis. These processes threaten the stability of incomes and the development of the national economy. A comparative analysis of the development of digital economy uses the indices that can form the basis of the national economic foresight.
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Some Aspects of Exit of Ukraine’s Economy from the Crisis
Directory of Open Access Journals (Sweden)
Bulyeyev Ivan P.
2016-02-01
Full Text Available The analysis of trends both in the global and Ukraine’s economy demonstrates a cyclic, non-linear character of these processes under conditions of absence of a unifying national idea in Ukraine, ignoring institutional features. Ukraine chose a catch-up model of development having not formed corresponding institutions, its own scientific and methodological base, the public-minded elite. The aim of the work is theoretical substantiation of institutional environment contributing to the exit of the economy, industry and business entities from the systemic social and economic crisis. It is necessary: to formulate the goal of the society, its main classes, its elite for a medium term; reconsider the fundamental values of the society; determine the main directions in the development of the economy, industry, social sphere; move from the catch-up strategy to the point advanced one; ensure reduction of the gap in income of extreme decile groups of the population; support fundamental science, education, health care; provide a total increase of the responsibility of managers at all levels on the basis of contracts, programs, roadmaps, monitoring their performance
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Measuring the economic contribution of the freight industry to the Maryland economy.
2015-05-01
Economic impacts of freight movement to Marylands economy were estimated by input-output analysis : using the 2010 IMPLAN data. A freight economic output (FECO) index was also developed based on the : historical payroll data and gross domestic pro...
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Circular economy and nuclear energy
International Nuclear Information System (INIS)
2016-01-01
Circular economy means no production of waste through re-using and recycling. As other industries, nuclear industry has committed itself to a policy of sustainability and resource preservation. EDF has developed a 5 point strategy: 1) the closure of the fuel cycle through recycling, 2) operating nuclear power plants beyond 40 years, 3) reducing the volume of waste, 4) diminishing the consumption of energy through the implementation of new processes (for instance the enrichment through centrifugation uses 50 times less power than gaseous diffusion enrichment) and 5) making evolve the prevailing doctrine concerning the management of very low level radioactive waste: making possible the re-use of slightly contaminated steel scrap or concrete instead of storing them in dedicated disposal centers. (A.C.)
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The Political Economy of Collective Labour Legislation in Taiwan
Directory of Open Access Journals (Sweden)
James W. Y. Wang
2010-01-01
Full Text Available This article provides a seminal analysis of collective labour legislation in Taiwan. A chronological review of Taiwan’s legislative process suggests that the context of incorporation, institutional framework, mechanisms for delivering reforms, and sequence of reforms together shape the legislative outcomes of labour reforms at the collective level. While most labour legislation was revised and passed after the preceding sequence of economic transition, the reform of collective labour rights was greatly constrained by the flexible labour-market structure. In order for politicians to form new alliances with labour organizations, legislation of collective labour rights was a strategy to cultivate support during electoral periods. Consequently, the industrial relations changed following the enactment of substantial reform-oriented labour legislation. Theore-tically, the historical analysis of legislative procedure unveils evolutionary reform paths for collective labour rights in new democracies. At the same time, empirically, Taiwan demonstrates an alternative reform path in combination with incremental steps and progressive agendas. For new democracies of small economy, a window of opportunity for the progress in collective labour legislation remains open today, albeit with limitations.
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Globalization: an open door for the knowledge economy
Directory of Open Access Journals (Sweden)
Andreea MARIN-PANTELESCU
2009-12-01
Full Text Available Globalization refers to an emphasized process of global integration and spreading a set of ideas related to the economical activity and goods’ production, the premises being the liberalization of international commerce and the capital flows, the speeding up of the technological progress and informational society. The cognitive society is more and more obvious and unanimously accepted, which actually proves its efficiency. If traditional, conservative communities, which are not open to change and reject from the start anything new on the horizon, still exist today, they are isolated cases that will eventually be "converted" by this wave of information that has become indispensable to any development because in its absence resources could not be used efficiently. Taking into consideration these elements, this paper wishes to give arguments to the fact that globalization can be seen as being an open door for the cognitive society.
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MANUFACTURING PRICES, PRODUCTIVITY, AND LABOR COSTS IN 5 ECONOMIES
VANARK, B
The United States continues to surge ahead of other major industrial economies in terms of lower prices, higher levels of labor productivity, and better unit labor cost performance; while the depreciation of the dollar plays an important role, real productivity gains are important as well.
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DEFF Research Database (Denmark)
that are emerging from them, and how governments are responding to these new challenges. In doing so, the book provides both theoretical and practical insights into the future of tourism in a world that is, paradoxically, becoming both increasingly collaborative and individualized. Table of Contents Preface 1.The...... collaborative economy and tourism Dianne Dredge and Szilvia Gyimóthy PART I - Theoretical explorations 2.Definitions and mapping the landscape in the collaborative economy Szilvia Gyimóthy and Dianne Dredge 3.Business models of the collaborative economy Szilvia Gyimóthy 4.Responsibility and care...... in the collaborative economy Dianne Dredge 5.Networked cultures in the collaborative economy Szilvia Gyimóthy 6.Policy and regulatory perspectives in the collaborative economy Dianne Dredge PART II - Disruptions, innovations and transformations 7.Regulating innovation in the collaborative economy: An examination...
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Oil price fluctuations and the Nigerian economy
International Nuclear Information System (INIS)
Ayadi, O.F.
2005-01-01
The single most important issue confronting a growing number of world economies today is the price of oil and its attendant consequences on economic output. Several studies have taken the approach of Hamilton (1983) in investigating the effect of oil price shocks on levels of gross domestic product. The focus of this paper is primarily on the relationship between oil price changes and economic development via industrial production. A vector auto regression model is employed on some macroeconomic variables from 1980 through 2004. The results indicate that oil price changes affect real exchange rates, which, in turn, affect industrial production. However, this indirect effect of oil prices on industrial production is not statistically significant. Therefore, the implication of the results presented in this paper is that an increase in oil prices does not lead to an increase in industrial production in Nigeria. (author)
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Market study for direct utilization of geothermal resources by selected sectors of economy
Energy Technology Data Exchange (ETDEWEB)
1980-08-01
A comprehensive analysis is presented of industrial markets potential for direct use of geothermal energy by a total of six industry sectors: food and kindred products; tobacco manufactures; textile mill products; lumber and wood products (except furniture); chemicals and allied products; and leather and leather products. A brief statement is presented regarding sectors of the economy and major manufacturing processes which can readily utilize direct geothermal energy. Previous studies on plant location determinants are summarized and appropriate empirical data provided on plant locations. Location determinants and potential for direct use of geothermal resources are presented. The data was gathered through interviews with 30 senior executives in the six sectors of economy selected for study. Probable locations of plants in geothermal resource areas and recommendations for geothermal resource marketing are presented. Appendix A presents factors which impact on industry location decisions. Appendix B presents industry executives interviewed during the course of this study. (MHR)
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Evolution of open source networks in industry
de Laat, P.B.
2004-01-01
The open source software movement has become a threat to corporate software development. In response, companies started to develop products and services related to open source software. Subsequently, they also tried to come to terms with the processes that are characteristic of open source software
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Creating new path for Old Industrial Areas: A Case Study on Dalian city, China
Directory of Open Access Journals (Sweden)
Yimei Yin and Zhigao Liu
2012-01-01
Full Text Available The formation of new industries has recently been widely studied, but little research attention has been paid to the formation of new industries in old industrial districts, especially in transitional countries such as China. Based on fieldwork and rereading historical archives, this paper uses an example of Dalian tourism cluster to contribute to understanding the emergence of new economy in old industrial areas in a transitional country. The Section 2 of this paper will provide the theoretical framework from evolutionary economics for my empirical study. In Section 3, this paper will discuss the main characteristics of the decline of old industrial areas in Northeast China and the significances of developing new economy to revitalizing old industry areas. Section 4 will introduce the transitional history of Dalian economy from a high industrial region to a new economy city and also provides descriptive information about the development process of Dalian tourism industry. In Section 5, this paper will probe into the dynamics of the Dalian tourism cluster, from viewpoints of co-evolution and co-adaptation of firm, technology and institutions. Finally, we will give some policy suggestions of how to foster and promote new industries in old industrial areas, especially for transitional countries.
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Potential role of nuclear power in developing and transition economies
International Nuclear Information System (INIS)
Ganiage, D.; Dierstein, P.
1995-01-01
The potential role of nuclear power is different in developing or in transition economies; in developing countries such as China, the growth of electricity consumption is high and the construction of several standardized plants is economically justified; in transitional economies, such as Ukraine, the needs are uncertain, old and unsafe plants have to be decommissioned and uncompleted nuclear plants (due to financial problems) should be completed. Nuclear power may provide the developing and transition economies with several advantages such as energy independence and fuel supply security, minimal environmental pollution, support to local industry and employment. It also means the support of national authorities and the development of a suitable infrastructure for plant safety and waste management, financial help and local population acceptance
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DEVELOPING COUNTRIES. TRANSITION ECONOMIES
Directory of Open Access Journals (Sweden)
Dumitru FILIPEANU
2016-05-01
Full Text Available According to the modern theories of economic development – the take-off, backwardness, convergence and balanced growth hypothesis - the new industrialized states from Asia seem to have noticed the advantages of backwardness from which low income countries benefited, namely the possibility to take advantage of the latest technological discoveries of advanced countries, thus achieving a faster growth than the latter which operated closer to the technological border. The assimilation of appropriate technologies, however, required the efficient mobilization and allocation of resources and the improvement of human and physical capital. While the Western countries were confronted with crises generated by inflationary shocks and movements of speculative capital, the relative isolation of countries whose economy was planned by the world economy sheltered them until 1990, unemployment being practically non-existent. Asia's exceptional economic success is not only due to borrowing Western practices, but also to the fact that Asian societies maintained certain traditional features of their own culture - such as a strong work ethic - and integrated them in the modern business environment.
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Economic Structure and Development in an Emergent Asian Economy
DEFF Research Database (Denmark)
Tarp, Finn; Roland-Holst, David; Rand, John
2003-01-01
Vietnam started a wide-ranging process of economic reform in 1986 and is presently opening up its economy to regional and global economic forces. As a result, Vietnam faces significant challenges in the area of economic policy analysis in spite of a remarkable growth performance in recent years...
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Is Transition in the Russian Economy Complete?
Directory of Open Access Journals (Sweden)
Viktor Mikhailovich Kul’kov
2015-09-01
Full Text Available A quarter of a century passed since the beginning of market transformation (transition in Russia; nevertheless, there are serious doubts about whether the transition is complete. The effective transition to a new type of economy should ideally be a period of transformation, modernization and the formation of a national economic model. Only in this case can it be qualified as full, adequate, and constructive. Such combination has not taken place in Russia; it seems as if the market transformations were taking place independently, and this is the root of Russia’s many contemporary problems. The current crisis in the Russian economy primarily reflects the pendency of these tasks that were necessary to be solved from the very beginning of transformation. This crisis is first of all a focused expression and continuation of the transformation and reproduction crises in the national economy, the crisis of the current defective economic models and the then pursued economic policy. External factors only facilitated the exacerbation of Russia’s internal problems. In order to respond effectively to such a large-scale crisis it is necessary to consider all its aspects and underlying causes originating in the challenges of the transition period. Only the implementation of economic modernization and the formation of an effective national economic model is able to bring the Russian economy to a new level of development and thus to bring the transformation, which is lagging behind due to historical reasons, in line with these processes. In this case there will be good reason to conclude that the final border of the transition period is overcome. A new model of Russia’s economy must be adequate to the entire set of national-specific factors and strategic and vital development goals that Russia has. The core of modernization must be new industrialization, which is characterized by the transition to automation, computerization, greening of industrial
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Evaluating Energy Efficiency Policies with Energy-Economy Models
Energy Technology Data Exchange (ETDEWEB)
Mundaca, Luis; Neij, Lena; Worrell, Ernst; McNeil, Michael A.
2010-08-01
The growing complexities of energy systems, environmental problems and technology markets are driving and testing most energy-economy models to their limits. To further advance bottom-up models from a multidisciplinary energy efficiency policy evaluation perspective, we review and critically analyse bottom-up energy-economy models and corresponding evaluation studies on energy efficiency policies to induce technological change. We use the household sector as a case study. Our analysis focuses on decision frameworks for technology choice, type of evaluation being carried out, treatment of market and behavioural failures, evaluated policy instruments, and key determinants used to mimic policy instruments. Although the review confirms criticism related to energy-economy models (e.g. unrealistic representation of decision-making by consumers when choosing technologies), they provide valuable guidance for policy evaluation related to energy efficiency. Different areas to further advance models remain open, particularly related to modelling issues, techno-economic and environmental aspects, behavioural determinants, and policy considerations.
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The Study on University Financial Management under Knowledge Economy
Yongfan, Xu
The coming of knowledge economy creates unprecedented situation of economy development. The trend of education's globalization as well as communication means frequently updated severely hit the system of financial management. Along with the deep going of education industrialization, and development of logistics management socialization, system and content of university financial management are increasingly expending and getting more and more complex that result in new challenge and problems to financial management. In order to step up with university development of internationalization and the logistics development of socialization, the financial management has to reform in response to this new challenge and trend.
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Latest 'evaluation of size of economy' for nuclear uses
International Nuclear Information System (INIS)
Saito, Shinzo; Kume, Tamikazu; Inoue, Tomio; Takahashi, Shoji
2008-01-01
Size of economy for nuclear uses in Japan was evaluated for FY 2005. Nuclear uses are classified into nuclear energy use and radiation utilizations. Nuclear energy use totaled 4.7 trillion yen with nuclear power. Economy size of nuclear power decreased due to disgraceful events and accidents, though 5.5 trillion yen around for FY 2000. Radiation utilizations totaled 4.1 trillion yen mainly with industrial uses (2.3 trillion yen) and nuclear medicine, diagnosis and radiotherapy (1.5 trillion yen). Combined total of uses amounted to 8.9 trillion yen and comparable with 9.5 trillion yen for FY 1997. (T. Tanaka)
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Underdeveloping Appalachia: Toward an environmental sociology of extractive economies
Wishart, William Ryan
This dissertation uses mixed methods to examine the role of the coal industry in the reproduction of Central Appalachia as an internal periphery within the United States and the economic, ecological, and human inequalities this entails. It also analyzes the related political economy and power structure of coal in a national context. Particularly important for analysis of the region's underdevelopment are the class relations involved in unequal ecological exchange and the establishment of successive "modes of extraction." I employ a historical comparative analysis of Appalachia to evaluate Bunker's thesis that resource dependent peripheries often become locked into a "mode of extraction" (with aspects parallel to Marxist concepts of mode of production) triggering economic and ecological path dependencies leading to underdevelopment. This historical comparative analysis establishes the background for a closer examination of the political economy of the modern US coal industry. After sketching the changes in the structure of monopoly and competition in the coal industry I employ network analysis of the directorate interlocks of the top twenty coal firms in the US within the larger energy policy-planning network to examine their connections with key institutions of the policy formation network of think tanks and business groups. My findings show the importance of the capacities of fossil fuel fractions of the capitalist class in formulating energy policy around issues such as the 2009 climate legislation. As a contribution to the growing literature applying the concept of metabolism as link between contemporary and classical theory, I examine the conflict at Coal River Mountain from the vantage points of ecology, political economy, and human development in dialectical rotation. Utilizing Marx's method of successive abstractions, the mountain is presented as a nexus of metabolic rifts in the human relationship to the earth's natural systems and an impediment to genuine
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Openness And Inflation: Evidence From The Seven Largest Latin American Economies
Rutilio Martinez; Vish Iyer
2011-01-01
The variables of Fishers Equation of Exchange were estimated as rates of growth for the economies of Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. These estimations suggest that between 1995 and 2007 for Brazil, and between 1991 and 2007 for the other nations, some inflation failed to materialize. In per-year terms, the missing inflation went from a minimum of 0.9 percentage points in Colombia and Chile, to a maximum of 7.5 percentage points in Venezuela. The missing inflati...
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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....... the phenomenon is manifested intensely, but not extremely. A family-owned venture located in Moldova that is in the business of processing fruit and vegetables was selected for this study. It started up in 2000 and from its inception the sales from exports grew almost 120% per year. Data collection took place...
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Chao, Albert H; Gangopadhyay, Noopur
2016-08-01
Limited data exist regarding industry financial relationships in plastic surgery. The Sunshine Act Open Payments Database currently represents the largest repository of these data, but is limited primarily to queries of individual providers. The purpose of this study was to analyze these data and present them in a manner that better delineates these relationships, and to compare plastic surgery with other surgical subspecialties. A review of the Open Payments Database was performed for the period from January 1, 2014, to December 31, 2014. These data were analyzed with respect to types of payments, characteristics of plastic surgeons and companies, and comparison with other surgical subspecialties. A total of 49,053 payments from 274 companies were identified that were made to 4812 plastic surgeons (475 academic and 4337 private practice). The total value of payments was $17,091,077. Food and beverage represented the most common type of payment (82.2 percent). Royalties and licensing represented the highest valued type of payment (35.7 percent), but were received by only a minority of plastic surgeons (0.5 percent). No significant differences were identified between academic and private practice plastic surgeons in the value or quantity of payments. Plastic surgery (54.5 percent) exhibited the lowest prevalence of industry financial relationships compared with otolaryngology (57.9 percent), orthopedics (62.4 percent), neurosurgery (87.8 percent), and urology (63.1 percent) (p < 0.001). Approximately half of all plastic surgeons have industry financial relationships. The prevalence of these relationships is comparatively less than in other surgical subspecialties.
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Dsikowitzky, Larissa; Hagemann, Lukas; Dwiyitno; Ariyani, Farida; Irianto, Hari Eko; Schwarzbauer, Jan
2017-12-01
During the last decades, the global industrial production partly shifted from industrialized nations to emerging and developing countries. In these upcoming economies, the newly developed industrial centers are generally located in densely populated areas, resulting in the discharge of often only partially treated industrial and municipal wastewaters into the surface waters. There is a huge gap of knowledge about the composition of the complex organic pollutant mixtures occurring in such heavily impacted areas. Therefore, we applied a non-target screening to comprehensively assess river pollution in a large industrial area located in the megacity Jakarta. More than 100 structurally diverse organic contaminants were identified, some of which were reported here for the first time as environmental contaminants. The concentrations of paper manufacturing chemicals in river water-for example, of the endocrine-disrupting compound bisphenol A (50-8000 ng L -1 )-were as high as in pure untreated paper industry wastewaters. The non-target screening approach is the adequate tool for the identification of water contaminants in the new global centers of industrial manufacturing-as the first crucial step towards the evaluation of as yet unrecognized environmental risks.
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Jurzina, Tatyana; Egorova, Natalia; Zaruba, Natalia; Kosinskij, Peter
2017-11-01
Modern conditions of the Russian economy do especially relevant questions of social responsibility of industrial business of the mining region for sustainable social and economic development of rural territories that demands search of the new strategy, tools, ways for positioning and increase in competitiveness of the enterprises, which are carrying out the entrepreneurial activity in this territory. The article opens problems of an influence of the industrial enterprises on the territory of presence, reasons the theoretical base directed to the formation of practical tools (mechanism) providing realization of social responsibility of business for sustainable social and economic development of rural territories of the mining region.
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Directory of Open Access Journals (Sweden)
Jurzina Tatyana
2017-01-01
Full Text Available Modern conditions of the Russian economy do especially relevant questions of social responsibility of industrial business of the mining region for sustainable social and economic development of rural territories that demands search of the new strategy, tools, ways for positioning and increase in competitiveness of the enterprises, which are carrying out the entrepreneurial activity in this territory. The article opens problems of an influence of the industrial enterprises on the territory of presence, reasons the theoretical base directed to the formation of practical tools (mechanism providing realization of social responsibility of business for sustainable social and economic development of rural territories of the mining region.
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Bush moves to bolster U.S. industry
International Nuclear Information System (INIS)
Anon.
1992-01-01
This paper reports that President Bush, in an election campaign appearance in Oklahoma City, the his administration is taking several steps to help the U.S. oil industry. Bush the, I known full well how difficult times have been in the past few years in this state for the oil and gas business. Our domestic oil and gas industry is important to our national economy. It's important, it's vital, to our national security. Bush vowed to work with Congress for passage of an omnibus energy policy bill and to get the oil industry some relief from the alternative minimum tax. The AMT, as applied to the energy industry, is hurting our economy and helping no one, Bush the. It is unfair to independent producers. And it's costing us jobs
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A Effect on Environment and Countermeasures in accordance with a Shift to a Knowledge-Based Economy
Energy Technology Data Exchange (ETDEWEB)
Jang, Ki Bok; Moon, Hyun Ju; Jeong, Hyun Keun; Kim, Tae Yol [Korea Environment Institute, Seoul (Korea)
2000-12-01
The importance of knowledge has been being more stressed now than any other time. How efficiently and effectively knowledge is created, spread, and applied is an important point to secure the competitiveness of an individual economic unit as well as to grow nation's economy. For that reason, the Government has been promoting various policies to accelerate a shift to a knowledge-based economy, establishing 'a Strategy for Knowledge-Based Economic Development', pan-governments level. Companies also have been positively accepting 'a Knowledge-Based Management' as a new strategy of managing companies. Accordingly, only knowledge-based industries, including a high technology manufacturing industry and an information/communication industry, are not sharply grow, but a knowledge-based activity in individual economic activities, such as R and D, has been expanding its share. As such a shift to a knowledge-based economy, it is expected that there are lots of effects in many-sided fields, society, culture, and politics, as well as economy. Based on due consideration to such various effects, the strategy for knowledge-based economic development and the policies on the related fields have to be promoted with a balance. An environmental field also cannot be exceptional. However, there has not yet been a concrete examination on which significance a shift to a knowledge-based economy environmentally has. The purpose of this study is to examine the effects on environment according to a shift to a knowledge-based economy and to find a countermeasure under the awareness of such problems. Anyhow, I hope that the results and the countermeasures from this study can contribute to achieving a shift to an environment-centered and knowledge-based economy. 82 refs., 30 figs., 10 tabs.
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Directory of Open Access Journals (Sweden)
Teresa S. López
2012-12-01
Full Text Available This paper investigates exchange rate pass-through inflation, and the wage bargaining process, in a developing economy in which firms' market power is largely dependent on technical progress embodied in imported intermediates and capital goods. It develops a heterodox model of income distribution, based on theoretical contributions from Latin American structuralists, labor market segmentationists and post-Keynesian writers, and it presents supportive empirical evidence from the Mexican economy.
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78 FR 7859 - Notice of Open Public Hearing
2013-02-04
... recent leadership transition through the lenses of China's domestic politics, its economy, and its... U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Notice of Open Public Hearing AGENCY: U.S.-China Economic and Security Review Commission. ACTION: Notice of open public hearing. SUMMARY: Notice is...
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Energy disruptions, interfirm price effects and the aggregate economy
International Nuclear Information System (INIS)
Huntington, Hillard G.
2003-01-01
In an economy with many imperfect competitors (monopolistic competition), firms that pass through higher oil prices during a disruption will affect the demand for firms in other industries. Firms that charge higher prices for their final product will include the effect on their own final product in their private decisions but will exclude the effect on the final products of other firms. Although a pecuniary externality, these actions will reduce society's welfare, unlike the case of a perfectly competitive market. This situation creates a societal risk that is much wider than an externality in any single market. Policy interest shifts from one of punishing Persian Gulf oil producers to one of cushioning an industrialized economy from sudden disruptions caused by political and military conflicts. Although the value of reducing oil use depends upon a number of unknown parameters with wide distributions, a representative numerical example suggests that it may approach 5 US dollars per barrel. (Author)
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Gradually, the industry world opens for transparency
International Nuclear Information System (INIS)
2016-01-01
This article comments some noticeable evolutions of various industrial sectors towards information transparency. It indicates the four types of structures which exist in France for local information on nuclear installations (CLI and CI), on waste processing installations (CSS), and on industrial pollutions (SPPPI), comments the efforts made by the different actors and industries of the French nuclear sector (public debates, visits, legal framework, local commissions of information, authorities like ASN and IRSN), addresses the case of chemical industry (a slow implementation of transparency due to a different and more spread organisation), and outlines that the oil and gas industry presents less opportunities for a dialogue
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SHAKESPEARE, CULTURE AND ECONOMIC INTANGIBLES IN KNOWLEDGE ECONOMIES
Directory of Open Access Journals (Sweden)
A.S. WEBER
2012-05-01
Full Text Available This contribution investigates the vexed question of economic intangibles in the knowledge economy using Shakespeare as a locus of inquiry. Shakespeare is particularly suited for this analysis since as England’s widelyacknowledged greatest dramatist, the author possesses considerable cultural capital, but also contributes substantially to the tangible, measurable economy of Great Britain through productions of his works, tourism, and fee-generating activity in universities, museums and heritage sites. In addition, a considerable number of knowledge products (Intellectual Property arise directly from Shakespeare including books, films, instructional materials, and research articles. Due to the large number of peer-reviewed books and articles annually produced by scholars of Early Modern history and literature, academics joke about “the Shakespeare industry.” Drawing on cultural economics, cultural theory, and knowledge economy research, this paper attempts to bridge the gap between quantitative statistical based economic theory and qualitative research into culture, value, and artistic transmission.
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Trade Openness and Bank Risk-Taking Behavior: Evidence from Emerging Economies
Directory of Open Access Journals (Sweden)
Badar Nadeem Ashraf
2017-07-01
Full Text Available In this paper, we examine the impact of trade openness on bank risk-taking behavior. Using a panel dataset of 291 banks from 37 emerging countries over the period from 1998 to 2012, we find that higher trade openness decreases bank risk-taking. The results are robust when we use alternative bank risk-taking proxies and alternative estimation methods. We argue that trade openness provides diversification opportunities to banks in lending activities, which decrease overall bank risk. Further to this end, we observe that higher trade openness helps domestic banks to smooth out income volatility and decreases the impact of a financial crisis on banks.
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The content and features of transport servicing of region economy
Directory of Open Access Journals (Sweden)
L. P. Paristova
2016-01-01
Full Text Available Development of a transport complex of the region and transport servicing becomes more and more urgent every year and exerts the increasing impact on development of the region in general. In article basic provisions of transport servicing of economy of the region are determined. On the basis of a research of approaches to determination of transport servicing the author's understanding of this process is provided. The system of transport servicing of the region is considered as set of elements of transport infrastructure through which interaction the needs for cargo transfer and passengers in the region are satisfied. It is the open system having the isolated internal environment and interacting with the external environment. At the same time the internal environment consists of elements between which communication is much stronger, than with the elements constituting the external environment. In market conditions the urgent problem of uncertainty of the external environment influences in turn a condition and development of system of transport servicing of the region, changing external and internal conditions of its functioning. The characteristic of system of transport servicing of the region is provided. Methods of regulation of transport servicing are determined. Features of transport servicing of economy of the region are marked out: need of updating of a property, plant and equipment on transport and development of transport infrastructure; insufficient development of strategic planning of transport as single complex within transport system and in a general context of development of productive forces; the low investment and innovative activity in a motor transportation industry caused by reducing internal and foreign investments, decrease in financing from the government budget. The research of a condition of standard legal support of development of a transport complex in the Voronezh region is conducted, the analysis of the strategic and
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Effect on industry structure by fossil fuel burden
Energy Technology Data Exchange (ETDEWEB)
Kang, Yoon Young [Korea Energy Economics Institute, Euiwang (Korea)
1999-12-01
Multi-industrial sector dynamic operation general equilibrium model of Korean economy has been developed. It is able to analyze carbon dioxide emission, energy use and macro economy, and reciprocal actions between each industrial sector and to measure economic effects by environmental policy for the purpose of reducing carbon dioxide. Using this model, it analyzed its effect on industries in Korea of limiting carbon dioxide emission by experimenting each policy instrument, policy object, application of tax revenue for limiting carbon dioxide. The spreading effect on each industry has a large difference for each industry. The production reduction of energy industry or large energy consuming industry (basic chemical industry, transportation and storage, steel industry, construction) shows relatively huge to other industries. Production reduction for each industry, i.e. a wide difference of economic burden between industries, will need some consideration when introducing energy carbon tax, especially in the initial stage, since it could cause an equity problem between industries. Moreover, studies on differentiating tax rate, tax return and exemption that can mitigate an equity problem between industries should be implemented. (author). 66 refs., 22 figs., 12 tabs.
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Structural Transformations of the Economy in the Pacific Region of Russia and Efficiency Trends
Directory of Open Access Journals (Sweden)
Peter Yakovlevich Baklanov
2016-03-01
Full Text Available Pacific Russia is considered as an aqua-territorial macro-region entering the Far Eastern Federal Okrug and its adjacent water area within a 200-mile sea economic zone. The macro-region has the richest nature-resource potential of a dry land and the sea, the possibilities to use the sea transport for communications of Russia and Europe with the countries of the Asian-Pacific region. In Pacific Russia, two latitudinal zones are allocated: the northern and southern ones, consisting of the territories of the Far Eastern Federal Okrug of Russia. Combinations of activities by the subjects and by the latitudinal zones are considered as the territorial structures of economy. The distinctions of these latitudinal zones by their socio-economic potential and the level of development are shown. By the changes of homogeneous activities in the subjects and their ratios, measured in the shares of the added cost, the assessment of the structural transformation of economy was carried out in the latitudinal zones from 2004 to 2013. The tendencies of the transformation of the territorial structures of economy were revealed in the latitudinal zones. The greatest changes of the structures of economy occurred in the northern zone for this period. In the southern zone, the structural transformations of economy were a little less, except for Sakhalin. In this case, in both latitudinal zones, a share of processing manufactures reduced and that of the extracting industries increased. The generalized assessment of the changes in social and economic efficiency (by increased personal income, labor productivity, profits in correlation with the structural changes in the economy of the regions of Pacific Russia has been made. The authors note that an important premise for building a sufficiently sustainable system of interregional division of labor in Pacific Russia is the location of extractive industries and initial stages of the manufacturing industry activities in the
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Directory of Open Access Journals (Sweden)
Olga Aleksandrovna Romanova
2017-09-01
Full Text Available In the article, the authors emphasize that industrial regions play an important role in the increasing of technological independence of Russia. We show that the decline in the share of processing industries in the gross regional product can not be treated as a negative de-industrialization of the economy. The article proves that the increase in the speed of changements, instability of socio-economic systems, the diverse risks predetermine the need to develop new methodological approaches to predictive research. The studies aimed at developing a technology for the design of the desired image of the future and the methodology for its evaluation are of high importance. For the initial stage of the research, the authors propose the methodological approach for assessing the desired image of the future of metallurgy as one of the most important industry of the region. We propose the term of «technological image of the regional metallurgy». We show that repositioning the image of the regional metallurgical complex is quite a long process. This have determined the need to define the stages of repositioning. The proposed methodology of the evaluation of desired future includes the methodological provisions to quantify the characteristics of goals achieved at the respective stages of the repositioning of the metallurgy. The methodological approach to the design of the desired image of the future implies the following stages: the identification of the priority areas of the technological development of regional metallurgy on the basis of bibliometric and patent analysis; the evaluation of dynamics of the development of the structure of metal products domestic consumption based on comparative analysis and relevant analytical methods as well as its forecasting; the design of the factor model, allowing to identify the parameters quantifying the technological image of the regional metallurgy based on the principal components method,; systematization of
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Building Digital Economy - The Research Councils Programme and the Vision
Hand, John
We at the Research Councils believe that there are many aspects of society and business that could be transformed by the innovative design and use of digital technologies. This has led to the Digital Economy Programme. The Digital Economy is an RCUK Cross-Research Council Programme, led by the EPSRC, but working closely with ESRC, MRC, AHRC and TSB. What is Digital Economy? Digital Economy is the novel design or use of information and communication technology to help transform the lives of individuals, society or business. All Digital Economy research involves the user community. This can include industry, government, society, charities or other groups as applicable. The research will understand the technologies and also why change is needed, what the impacts will be and who will benefit. Research in this cross-research council area can be driven by economic, social or technical need. The early involvement of the user community is vital if new technologies are to be integrated successfully into business opportunities, technical solutions or commercial products and processes. Challenges in the Digital Economy will require multi-disciplinary academic input, including, but not limited to, the arts and humanities, economic and social sciences and medical sciences, in addition to engineering and physical sciences.
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Directory of Open Access Journals (Sweden)
V Khabo
2014-08-01
Full Text Available This study evaluates the impact of monetary policy on the economic growth of a small and open economy like that of South Africa. Structuralists contend that changes in money supply (M3 and inflation (CPI are not significantly related to changes in economic growth (GDP, while orthodox economists argue that they are. Stucturalists also hold that monetary authorities cannot control M3, whereas orthodox economists believe they can. To structuralists, when monetary authorities pursue an expansionary policy, the opposite effect is achieved. Orthodox economists counter this argument. The ADT test statistic against the McKinnon critical values was used and it was found (i that money supply changes and inflation are significantly related to changes in economic growth, and (ii whereas monetary authorities can control M3 through the repo rate, they cannot keep it within set targets.
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The Ignorance of the Knowledge-Based Economy. The Iconoclast.
McMurtry, John
1996-01-01
Castigates the supposed "knowledge-based economy" as simply a public relations smokescreen covering up the free market exploitation of people and resources serving corporate interests. Discusses the many ways that private industry, often with government collusion, has controlled or denied dissemination of information to serve its own interests.…
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Private Equity and Industry Performance
DEFF Research Database (Denmark)
Bernstein, Shai; Lerner, Josh; Sørensen, Morten
2017-01-01
The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private equity on industry performance. We find that industries where private equity funds invest grow more quickly in terms...... of total production and employment and appear less exposed to aggregate shocks. Our robustness tests provide some evidence that is consistent with our effects being driven by our preferred channel....
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Industrial Engineering Education in India
Bajpai Shrish; Akhtar Shagil
2017-01-01
The industrial revolution can be termed as the catalyst of human growth. The establishment of various industries has been detrimental to the meteoric rise of any commodity, product or service across the world. Industries fuel the economy of countries and form the main constituent of their GDP. Industries not only generate the production of the market ready material but also generate the employment for the citizens of the country, which drives multiple factors of any country progress. In order...
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Directory of Open Access Journals (Sweden)
Elena Veselinova
2013-07-01
Full Text Available The focus of this paper is the analysis of the role of the textile industry in the national economy of the Republic of Macedonia. The main objective is to consider what determines the actual structure in this particular industry and how it affects the national economic categories, such as: the gross domestic product, exports and the level of employment. The research resultspresent that more than one third of the total exports, as well as more than one third of the employed population in the manufacturing sector accounted for the textile industry, but this industry creates only 3% of the national GDP. Conclusions reveal that the above mentioned statistics is due to the very low level of additional value among all the products that consist this industry’s exports. It is expected that the developed countrieswould tend to keep the creative activities of the manufacturing process in their own terms and transfer the basic production activities in other less developed countries. But the textile companies from the countries in the South-East Europe (among which is the Republic of Macedonia could play the role of a bridge between the modern textile brands and the niche producers in MiddleandFar East.
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Economies Evolve by Energy Dispersal
Directory of Open Access Journals (Sweden)
Stanley Salthe
2009-10-01
Full Text Available Economic activity can be regarded as an evolutionary process governed by the 2nd law of thermodynamics. The universal law, when formulated locally as an equation of motion, reveals that a growing economy develops functional machinery and organizes hierarchically in such a way as to tend to equalize energy density differences within the economy and in respect to the surroundings it is open to. Diverse economic activities result in flows of energy that will preferentially channel along the most steeply descending paths, leveling a non-Euclidean free energy landscape. This principle of 'maximal energy dispersal‘, equivalent to the maximal rate of entropy production, gives rise to economic laws and regularities. The law of diminishing returns follows from the diminishing free energy while the relation between supply and demand displays a quest for a balance among interdependent energy densities. Economic evolution is dissipative motion where the driving forces and energy flows are inseparable from each other. When there are multiple degrees of freedom, economic growth and decline are inherently impossible to forecast in detail. Namely, trajectories of an evolving economy are non-integrable, i.e. unpredictable in detail because a decision by a player will affect also future decisions of other players. We propose that decision making is ultimately about choosing from various actions those that would reduce most effectively subjectively perceived energy gradients.
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The economy of the soviet Tuva: achievements, challenges and lessons
Directory of Open Access Journals (Sweden)
Alexander D. Begzi
2017-12-01
Full Text Available In the Soviet period (1944-1991, the economy of Tuva was rapidly developing. Massive state investment helped create enterprises and whole branches of industry, which in turn outlined the areas of economy Tuva could specialize in. Indicators of regional economic development were higher than the national average. The industrial infrastructure created over the period, including transport, power engineering and technologies, has been since used for several decades without major renovations. However, the smooth function of the regional economy could be guaranteed only under directive planning and stringent control over prices, flows of resources, goods and other assets of planned Socialist economy. Together with other specific features of its economy, this made the economy of the region highly volatile. A breakdown of both economic achievements of the Soviet Tuva and the problems it faced will help us learn the lessons to be accounted for while developing new long-term development programs. Although the programmatic documents adopted in early 2000s (such as the Strategy of social and economic development of the Republic of Tuva to the year 2020, passed in 2007 have not yet expired, the economic situation and the configuration of the main economic actors have seriously changed, which calls for a radical overhaul of the long-term strategy of social and economic development. Some problems which have been around since the Soviet times have grown more acute, while others were replaced by their opposites. The revenue section of the region’s consolidated budget, just as it was in the Soviet period, cannot fully provide the required social expenditures. At the same time, the majority of Soviet mechanisms of economic development are now totally dysfunctional, which calls for the use of new organizational and financial instruments. The article was based on the data from official statistical collections of the Republic of Tuva, and the information found in
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Sharova, Irina; Dzedzyulya, Ekaterina; Abramycheva, Irina; Lavrova, Alena
2016-01-01
The article reflects undertaken worldwide steps to build the bioeconomy. Bioeconomy is a set of industries, from the point of view of economy, and a plurality of cross-industry research, in terms of global science. All this leads to difficulty in understanding the boundaries of bioeconomy, developing within the traditional economies. The article…
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Algal biodiesel economy and competition among bio-fuels.
Lee, D H
2011-01-01
This investigation examines the possible results of policy support in developed and developing economies for developing algal biodiesel through to 2040. This investigation adopts the Taiwan General Equilibrium Model-Energy for Bio-fuels (TAIGEM-EB) to predict competition among the development of algal biodiesel, bioethanol and conventional crop-based biodiesel. Analytical results show that algal biodiesel will not be the major energy source in 2040 without strong support in developed economies. In contrast, bioethanol enjoys a development advantage relative to both forms of biodiesel. Finally, algal biodiesel will almost completely replace conventional biodiesel. CO(2) reduction benefits the development of the bio-fuels industry. Copyright © 2010 Elsevier Ltd. All rights reserved.
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DEFF Research Database (Denmark)
Jacobsen, Lars-Bo; Jensen, Hans Grinsted; Lawson, Lartey
2006-01-01
calculates economy-wide effects of the removal of AGP using the Agricultural Applied General Equilibrium (AAGE) model of the Danish economy. The results show that the long-term effects are a moderate decline in the production and export of pig meat, and a positive indirect effect on other industries...
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Hasan, B.; Hasbullah; Purnama, W.; Hery, A.
2016-04-01
Creative industry development areas of software by using Free Open Source Software (FOSS) is expected to be one of the solutions to foster new entrepreneurs of the students who can open job opportunities and contribute to economic development in Indonesia. This study aims to create entrepreneurial coaching model based on the creative industries by utilizing FOSS software field as well as provide understanding and fostering entrepreneurial creative industries based field software for students of Universitas Pendidikan Indonesia. This activity phase begins with identifying entrepreneurs or business software technology that will be developed, training and mentoring, apprenticeship process at industrial partners, creation of business plans and monitoring and evaluation. This activity involves 30 UPI student which has the motivation to self-employment and have competence in the field of information technology. The results and outcomes expected from these activities is the birth of a number of new entrepreneurs from the students engaged in the software industry both software in the world of commerce (e-commerce) and education/learning (e-learning/LMS) and games.
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Economy. The Japanese shock wave; Economie - L'onde de choc japonaise
Energy Technology Data Exchange (ETDEWEB)
Lecompte-Boinet, G.; Dupin, L.; Chandes, C.; Gateaud, P.; Guez, L.; Maillard, C.
2011-03-15
Several articles analyse and comment the consequences of the earthquake which occurred in Japan, not only for the Japanese industry and economy, but also for the French ones. In Japan, the most impacted sectors are the energy, the semiconductor and the automotive industries. Renewable energies and gas will at least temporarily replace nuclear energy. Other countries will be impacted, notably China and its automotive industry due to a lack of components. There will also be a lack of electronic components because Japan represents, directly or indirectly, about 40 per cent of world production in this field. In some regions of Japan, the whole production system is in danger because of the supply chain organisation. Other sectors are concerned for differing reasons: raw materials, aeronautic construction, luxury and cosmetics. An article evokes initiatives of French company chairmen, personnel and trade unions to help Japan and the Japanese. An article describes the development of robots and unmanned vehicles by French companies, which are able to intervene in radioactive environments. Another consequence is the inspection of the French and European nuclear plants in order to see whether they can withstand extreme risks. An article stresses that several French industrial sites are exposed to natural risks (earthquake, floods). Finally, Daniel Cohn-Bendit stresses that, after Fukushima, the unlikely is not impossible any longer
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Designing Corporate Training in Developing Economies Using Open Educational Resources
Geith, Chris; Vignare, Karen; Bourquin, Leslie D.; Thiagarajan, Deepa
2010-01-01
The Food Safety Knowledge Network (FSKN) is a collaboration between Michigan State University, the Global Food Safety Initiative of the Consumer Goods Forum, and other food industry and public sector partners. FSKN's goal is to help strengthen the food industry's response to the complex food safety knowledge and training challenges that affect…
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A Mathematical Model of an Open Economy with Applications in Romania
Directory of Open Access Journals (Sweden)
Catalin Angelo Ioan
2013-10-01
Full Text Available In this paper, we first study the static equilibrium of a a closed economy model in terms of dependence on national income and interest rate from the main factors namely the marginal propensity to consume, tax rate, investment rate and the rate of currency demand. In the second part, we study the dynamic equilibrium solutions in terms of stability. We thus obtain the variation functions of national income and interest rate variation and their limit values. Finally, we propose two scenarios of economic development of Romania.
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Comparison between response dynamics in transition economies and developed economies
Tenenbaum, Joel; Horvatić, Davor; Bajić, Slavica Cosović; Pehlivanović, Bećo; Podobnik, Boris; Stanley, H. Eugene
2010-10-01
In developed economies, the sign of the price increment influences the volatility in an asymmetric fashion—negative increments tend to result in larger volatility (increments with larger magnitudes), while positive increments result in smaller volatility. We explore whether this asymmetry extends from developed economies to European transition economies and, if so, how such asymmetry changes over time as these transition economies develop and mature. We analyze eleven European transition economies and compare the results with those obtained by analyzing U.S. market indices. Specifically, we calculate parameters that quantify both the volatility asymmetry and the strength of its dependence on prior increments. We find that, like their developed economy counterparts, almost all transition economy indices exhibit a significant volatility asymmetry, and the parameter γ characterizing asymmetry fluctuates more over time for transition economies. We also investigate how the association between volatility and volatility asymmetry varies by type of market. We test the hypothesis of a negative correlation between volatility and volatility asymmetry. We find that, for developed economies, γ experiences local minima during (i) “Black Monday” on October 19, 1987, (ii) the dot-com bubble crash in 2002, and (iii) the 2007-2009 global crisis while for transition economies, γ experiences local maxima during times of economic crisis.
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Status rent in new developing economy
Directory of Open Access Journals (Sweden)
Aleksandrova Natal'ja
2012-01-01
Full Text Available The status rent and conditions of its appearance are characterized in new developing economy by the position of new political economy. The bases of the general theory of rent were laid by classicists of political economy (F. Cene, A. Smith, J. Anderson, J. Mill, T. Maltus, D. Ricardo, K. Marx. They differentiated the rare rent (natural, absolute rent and differential land rent. Neoclassicists widened the definition of rent understanding it as income from any productive factor not only from land. Mostly, investigators of rent keep to two main postulates. Firstly, it is over profit, the income of special kind connected with using of exclusive, limited or rare goods for some time. Secondly, the rent is owned by the owners of these goods. These statements belonging to the natural rent can be used for the analysis of others, unnatural kinds of rent. The status rent belongs here. Let us analyze the status rent from the position of new political economy. As old political economy the new one also has its object - economic relations in the society and it call for the opening of deep, important processes of economic life. But by contrast with old political economy the new one, firstly, is based on other methodology (institutional economy, the theory of social choice, system approach; secondly, it studies economic relations not as static (the position of different classes, but as dynamic in economic behavior; thirdly, it is not confrontational: economic relations are understood not as antagonistic with non-avoidance of social cataclysm but as conflict-compromising; fourthly, it operates not only with social aggregates (class, country, social group, but it is also directed to a person, his/her freedom of choice in economic behavior; and, finally, fifthly, it overcomes the past careful marking out of other sciences, and, on the contrary, strives for an interdisciplinary approach in the stream of modern institutionalism including the problems of sociology
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Balanced territorial development: problems of single-industry towns in the Sverdlovsk region
Илюхин Алексей Александрович; Ilyuhin Aleksey Aleksandrovich
2017-01-01
the article examines the questions concerning the optimization of territorial structure in the Sverdlovsk region associated with the comprehensive transformation of the economy of single-industry towns and mono economics areas. The author has analyzed the population dynamics of the region and industrial production, with allocation of single-industry towns. A classification of towns by type of localization economy has been classified. The author has made some conclusions on quality solution of...
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Private Forests: Management and Policy in a Market Economy
Frederick W. Cubbage; Anthony G. Snider; Karen Lee Abt; Robert L. Moulton
2003-01-01
This chapter discusses privately owned forests and timber management in a market economy, including private property rights and tenure, landowner objectives and characteristics, markets, and government policies. Private forest land ownership and management-whether it be industrial or nonindustrial-is often assumed to represent the classic model of atomistic competition...
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Business Models and Sharing Economy: Benchmarking Best Practices in Finland and Russia
Martynova, Tatiana
2017-01-01
The thesis studies the best practices in sharing economy across various industries in Russia and Finland, based on case studies of business models. It researches current legal status of the phenomenon as well as legislative changes that are to be expected in the field of sharing economy. The thesis project was commissioned in November 2015 by Association of Finnish Travel Agents (AFTA), an organization formed by travel agents, tour operators and incoming agents to promote the mutual inter...
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Nuclear power--the hope of green economy
International Nuclear Information System (INIS)
Tian Jiashu; Wang Chuang
2010-01-01
The thesis introduces the current situation of nuclear power development and developed countries' attitude towards nuclear power as the demand for energy consumption is continuously increasing with the global economic and social development and the green house gas emission leads to global warming. By comparison of the impact to the environment and the generating cost between thermal power and nuclear power, it is of great significance to strengthen nuclear power development to carry out international cooperation on low-carbon economy and to enhance self-innovation for developing the green economy and dealing with climate change. Based on the analysis of nuclear industry development in China, the Mid-Long Term Development Plan for Nuclear Power has been set up, and challenges and objectives of nuclear and radiation safety regulation have been brought forward. (authors)
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Directory of Open Access Journals (Sweden)
Olga Zharikova
2015-09-01
Full Text Available The industry-specific factors that contribute to the allocation of a new object of accounting in property, plant and equipment of the ship repair industry organizations are revealed. Specificity the salvaging operation of hydraulic structures, which affect the organization and methodology of objects` accounting, is described. The definition of «fixed assets with an open-ended useful life» is proposed.
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South Africa's Defence Industrial Participation in Perspective
African Journals Online (AJOL)
jvdyk
2014-03-31
Mar 31, 2014 ... product and improved the economy through the retention of some 58 000 jobs. ... and maintaining a defence industrial base (DIB) in those countries that have the ... by the Department of Trade and Industry (dti) that focuses primarily on civil industry ... work share on the purchased equipment (co-production), ...