WorldWideScience

Sample records for small open economy

  1. Closing small open economy models

    OpenAIRE

    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...

  2. Public Investment in a Small Open Economy

    NARCIS (Netherlands)

    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

  3. Growth and the Current Account in a Small Open Economy.

    Science.gov (United States)

    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.…

  4. 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...

  5. The Political Economy of Capital Income and Profit Taxation in a Small Open Economy

    NARCIS (Netherlands)

    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

  6. A Life-Cycle Overlapping-Generations Model of the Small Open Economy

    NARCIS (Netherlands)

    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.

  7. 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...

  8. Regional and international market integration of a small open economy

    OpenAIRE

    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...

  9. Inflation, Growth and Exchange Rate Regimes in Small Open Economies

    OpenAIRE

    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...

  10. Monetary policy and inflation targeting in a small open-economy

    OpenAIRE

    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...

  11. Intergenerational and international welfare leakages of a tariff in a small open economy

    NARCIS (Netherlands)

    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

  12. Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela's Example

    OpenAIRE

    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...

  13. Monetary Policy, Incomplete Asset Markets, and Welfare in a Small Open Economy

    OpenAIRE

    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.

  14. 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...

  15. 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....

  16. Effects of Fiscal Policy in a Small Open Economy: Evidence of Croatia

    OpenAIRE

    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 ...

  17. Monetary Policy in Small Open Economies: The Role of Exchange Rate Rules

    OpenAIRE

    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...

  18. 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.

  19. THE IMPORTANCE OF ECONOMIC PROMOTION FOR A SMALL OPEN ECONOMY – THE CASE OF SLOVENIA

    OpenAIRE

    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).

  20. 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...

  1. Small Open Economies with Frictions in Credit Markets: Target inflation or money growth when floating?

    OpenAIRE

    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 ...

  2. Alternative Monetary Policy Rules in a Small Open Economy with Financial Frictions: The Case of Korea

    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.

  3. The NNP and Sustainability in Open Economy: Highlights on Recent World Economy and on Open Economy of Bangladesh

    OpenAIRE

    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...

  4. 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.

  5. Intergenerational redistribution in a small open economy with endogenous fertility.

    Science.gov (United States)

    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.

  6. 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...

  7. 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.

  8. The Optimal Taxation of Dividends in a Small Open Economy

    OpenAIRE

    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...

  9. 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.

  10. Macroeconomics in an open economy.

    Science.gov (United States)

    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.

  11. Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level

    Science.gov (United States)

    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…

  12. 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)

  13. 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...

  14. Exchange rate and price dynamics in a small open economy - the role of the zero lower bound and monetary policy regimes

    OpenAIRE

    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...

  15. 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.

  16. Oil price shocks: Sectoral and dynamic adjustments in a small-open developed and oil-exporting economy

    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.

  17. Monetary regimes in open economies

    NARCIS (Netherlands)

    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

  18. How to Recover From the Great Recession: The Case of a Two-Sector Small Open Economy with Traded and Non-Traded Capital

    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

  19. 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.

  20. Three Forms of the Knowledge Economy: Learning, Creativity and Openness

    Science.gov (United States)

    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,…

  1. Mitigating Double Taxation in an Open Economy

    OpenAIRE

    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...

  2. La scuola svedese e la teoria macroeconomica: riflessioni su una piccola economia aperta operante in regime di cambi flessibiliThe Swedish School and macroeconomic theory: Reflections on a small open economy operating within a regime of flexible exchanges

    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

  3. Demand for road-fuel in a small developing economy: The case of Sri Lanka

    International Nuclear Information System (INIS)

    Chandrasiri, Sunil

    2006-01-01

    This paper estimates the demand for road fuel (petrol and auto-diesel) in the context of a small developing economy-Sri Lanka. The data set covers a period of 39 years from 1964 to 2002 representing both close economy and open economy policy regimes. The estimation procedure is based on seemingly unrelated regression equation (SURE) methodology mainly to capture substitutability of petrol and diesel in road transportation. The effect of auto-fuel prices on vehicle demand is also analyzed as a part of the analysis. In addition to confirming existing evidence on road-fuel demand, the findings reveal some interesting evidence with respect to own-price elasticity, cross-price elasticity, lag effects, income and vehicle mix variables

  4. 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...

  5. Open Education and the Creative Economy: Global Perspectives and Comparative Analysis

    Science.gov (United States)

    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…

  6. Innovation and Job Creation in a Small Open Economy Evidence from Norwegian Manufacturing Plants 1982-92

    OpenAIRE

    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...

  7. The impact of monetary policy on the economic growth of a small and open economy: The case of South Africa

    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.

  8. Growth challenges in small manufacturing ventures from emerging economies

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2013-01-01

    This is a teaching case study that addresses the issues of emergence, legitimation, growth and internationalization of small manufacturing firms located in remote areas in an emerging economy.......This is a teaching case study that addresses the issues of emergence, legitimation, growth and internationalization of small manufacturing firms located in remote areas in an emerging economy....

  9. A Preliminary Analysis of Adaptive Responding Under Open and Closed Economies

    Science.gov (United States)

    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…

  10. Technology learning in a small open economy-The systems, modelling and exploiting the learning effect

    International Nuclear Information System (INIS)

    Martinsen, Thomas

    2011-01-01

    This paper reviews the characteristics of technology learning and discusses its application in energy system modelling in a global-local perspective. Its influence on the national energy system, exemplified by Norway, is investigated using a global and national Markal model. The dynamic nature of the learning system boundary and coupling between the national energy system and the global development and manufacturing system is elaborated. Some criteria important for modelling of spillover are suggested. Particularly, to ensure balance in global energy demand and supply and accurately reflect alternative global pathways spillover for all technologies as well as energy carrier cost/prices should be estimated under the same global scenario. The technology composition, CO 2 emissions and system cost in Norway up to 2050 exhibit sensitivity to spillover. Moreover, spillover may reduce both CO 2 emissions and total system cost. National energy system analysis of low carbon society should therefore consider technology development paths in global policy scenarios. Without the spillover from international deployment a domestic technology relies only on endogenous national learning. However, with high but realistic learning rates offshore floating wind may become cost-efficient even if initially deployed only in Norwegian niche markets. - Research highlights: → Spillover for all technologies should emanate from the same global scenario. → A global model is called for to estimate spillover.→ Spillover may reduce CO 2 emissions and the total system cost in a small open economy. → Off-shore floating wind may become cost-efficient in a national niche market.

  11. 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.

  12. BENEFITS AND SUCCESS FACTORS OF OPEN-SOURCE WEB SERVICES DEVELOPMENT PLATFORMS FOR SMALL SOFTWARE HOUSES

    Directory of Open Access Journals (Sweden)

    Valter de Assis Moreno Jr.

    2012-12-01

    Full Text Available It is usually difficult for companies to keep up with the development of new information technologies and adapt to them in face of the opportunities and threats their advances may represent. This is especially true for small and medium enterprises (SME in emerging economies, where resources tend to be scarce and markets more volatile. This paper describes an action research conducted in a small Brazilian software house that adopted an open-source Web Services development platform in order to improve its software development process. Data analysis revealed critical success factors (CSF in the adoption process, as well as specific benefits and barriers prone to be faced by small software houses in their adoption efforts. In the process of overcoming such barriers, SME may acquire intellectual capital that represents an essential resource to ensure their competitiveness and survival in emerging economies.

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

    Science.gov (United States)

    Liargovas, Panagiotis G.; Skandalis, Konstantinos S.

    2012-01-01

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

  14. Teaching Applied Macro in Emergent Economies: Lessons from Bahrain

    Science.gov (United States)

    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…

  15. Environmental and energy issues in an open economy

    Science.gov (United States)

    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

  16. Lean Internationalization: How to Globalize Early and Fast in a Small Economy

    Directory of Open Access Journals (Sweden)

    Michael Neubert

    2017-05-01

    Full Text Available This study examines the early market internationalization of 32 high-tech startups that operate internationally from small and open economies. It uses a comparative cross-national multiple case study research design to explore how such startups may differ in their speed of internationalization. Based on interviews with the founders, the speed of early market internationalization in these startups increases significantly due to the application of lean market development processes. The findings provide a basis for developing propositions for further comparative studies focusing on the early and fast internationalization of high-tech startups based in emerging and developed markets. The study contributes to the literature on networks, internationalization, and international entrepreneurship.

  17. Open-Economy Macroeconomics, Developments in Theory and Policy

    OpenAIRE

    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...

  18. The Danish Negotiated Economy

    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...

  19. 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.

  20. 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....

  1. 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.

  2. GLOBALIZATION AND SMALL BUSINESSES AND ECONOMIES – CHALLENGES AND OPPORTUNITIES

    Directory of Open Access Journals (Sweden)

    NINKO KOSTOVSKI

    2016-08-01

    Full Text Available In this paper, we analyze the effect of globalization in general and from the viewpoint of the small and medium sized companies in the Republic of Macedonia, as a typical developing economy. Our survey of 100 managers and business owners from small and medium sized enterprises indicates that they tend to perceive the globalization with more conservative glasses as negative, or at the best, as a neutral phenomenon to their overall business prospects. However, to harvest the apparent opportunities of the globalization and to achieve the desired internationalization of their businesses, they call for intensive regional cooperation seeing it as a gateway to much harsher realms of the globalized market. The literature review and the examples from some other countries support these conservative standing of our managers and offer practical explanations why the approach towards the globalization is conservative and often even negative. Small business is important provider of new jobs, ideas and business concepts. However, with the opening of the global market it is a constant pursue for customers all around the world, having to meet their diverse and rapidly changing needs and facing extremely shortened delivery terms and product lifecycles. Many small companies, particularly from the developing countries are not adequately prepared to face the reality of this challenge. On the other hand, the big multinational companies receive more than hefty incentives to invest into the developing countries and that creates additional negative sentiments towards the globalization among the local companies.

  3. OER and the Value of Openness: Implications for the Knowledge Economy

    Science.gov (United States)

    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…

  4. Innovation systems in small catching-up economies new perspectives on practice and policy

    CERN Document Server

    Varblane, Urmas; Roolaht, Tõnu

    2012-01-01

    In several parts of the world, countries are undergoing economic, social, and political transitions, enhanced and accelerated by the forces of globalization. These transition economies can serve as laboratories for understanding the innovation process. This volume features original theoretical and empirical research. It offers the first comprehensive view of innovation system development in the context of small catching-up economies. Smallness, path dependency, and latecomer status of such economies create some inherent limitations for their innovation systems, but these special characteristics can offer advantages as well. For example, smallness is often related with increased flexibility and shorter reaction times, while latecomers can benefit from earlier experiences of their more advanced neighbors. Path-dependency highlights the fact that the innovation system development processes are considerably influenced by the past experience of a particular country or region. By incorporating these features into a...

  5. Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations

    OpenAIRE

    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...

  6. On the Determinants of Optimal Border Taxes for a Small Open Economy

    DEFF Research Database (Denmark)

    Munk, Knud Jørgen; Rasmussen, Bo Sandemann

    of the primary factor and domestic consumption of the export good cannot be taxed is nevertheless a constraint; this insight provides the key to understanding what determines the optimal tariff structure. The optimal border tax structure is derived for both exogenous and endogenous labour supply, and the results...... are interpreted in the spirit of the Corlett-Hague results for the optimal tax structure in a closed economy and compared with results from CGE models....

  7. Ireland – industrial competitiveness in a small open economy (NIRSA) Working Paper Series. No. 44

    OpenAIRE

    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...

  8. THE ROLE OF SMALL BUSINESS IN ECONOMIC DEVELOPMENT OF EUROPEAN ECONOMY

    OpenAIRE

    Anca Stan

    2014-01-01

    Small businesses provide catalytic benefits to the economy. They contribute to national output, and to the society as a whole, beyond the spending and profit they generate. The role of SMEs is crucial for the European economic recovery – their number, employment capacity and value added constitute a large share of the European economy. Providing the right conditions in which SMEs can flourish is paramount for ensuring a sustained recovery and achieving prosperity for all EU citizens. There is...

  9. 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.

  10. 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.

  11. The Management of Managers: Challenges in a Small Economy

    Science.gov (United States)

    Gilbert, John; Boxall, Peter

    2009-01-01

    Purpose: The purpose of this paper is to discuss the findings of a study of the management of senior managers. The aim is to describe the ways in which firms in a small economy, such as New Zealand, manage their managers and analyse how they deal with the strategic challenges that are involved. Design/methodology/approach: The study applies the…

  12. IMPORTANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN ROMANIAN ECONOMY

    Directory of Open Access Journals (Sweden)

    BĂLĂNESCU MĂDĂLINA

    2013-08-01

    Full Text Available The market economy has reduced the number of large enterprises and has determinated the emergence ofa special class like small and medium-sized enterprises. Those companies play a special role in the nationaleconomy, especially through the fact that attract about 65% of employees in Romania, makes significantinvestments, takes approximately 30% of gross value added in the national economy, operates mainly in servicesactivity, are flexible, concerned with development and have the ability to adopt new technologies. The SMEsector has been affected by the crisis, but not in the same measure as large enterprises. This fact is demonstratedby the economic and financial indicators that I have analised, in 2011 SME beeing able to overcome the crisisand to achieve higher performance than in the years before crisis. The SME sector is considered the most activesector of the modern economy, plays a important role in the economic structure of our country, helping to ensureeconomic and social development as it is shown by the strong bond that exist between the GVA in SME sectorand total GVA added to the national economy, demonstrated in the calculations that I have made in this study.

  13. Financial Crisis, openness of the economy and the financial performance of Jordanian listed banks: analytical study

    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.

  14. Financial Fragility, Exchange-Rate Regimes, and Sudden Stops in a Small Open Economy

    OpenAIRE

    Wen-Yao Grace Wang; Paula Hernandez-Verme; Raymond A. K. Cox Author E-mail:

    2012-01-01

    We model a typical Asian economy in crisis using a dynamic general equilibrium technique and establishing exchange rates from nontrivial fiatcurrency demands. Sudden stops/bank panics are possible and are essential for evaluating the merits of alternative exchange-rate regimes. Strategic complementarities contribute to the severe indeterminacy of a continuum of equilibria. Social welfare and the scope of equilibria are also associated with the underlying policy regime and the built-in Sequent...

  15. 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.

  16. Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods

    NARCIS (Netherlands)

    L.J.H. Bettendorf (Leon); B.J. Heijdra (Ben)

    2004-01-01

    textabstractIn this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes

  17. Population ageing and pension reform in a small open economy with non-traded goods

    NARCIS (Netherlands)

    Bettendorf, Leon J. H.; Heijdra, Ben J.

    2006-01-01

    In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate birth

  18. Open Education and the Open Science Economy

    Science.gov (United States)

    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…

  19. Endogenous Currency of Price Setting in a Dynamic Open Economy Model

    OpenAIRE

    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...

  20. Information and communication technologies within small and medium enterprises in developing economies

    CSIR Research Space (South Africa)

    Ndiege, JRA

    2012-03-01

    Full Text Available With the realization of the benefits associated with the adoption of information and communication technologies (ICTs), many small and medium enterprises (SMEs) in developing economies are beginning to embrace the use of ICT. This process has...

  1. Contribution of small and medium enterprises to economic development: Evidence from a transiting economy

    Directory of Open Access Journals (Sweden)

    James Obi

    2018-06-01

    Full Text Available The focus of this research was to present a data article on the contribution of SMEs to economic development in a transiting economy. Descriptive research design was adopted in this study. Data were obtained from 600 respondents in 60 small-scale enterprises located in different parts of the country (20 small-scale enterprises located in Lagos State, 20 in Anambra State and 20 in Kano State of Nigeria respectively. Data analysis was carried out using tables and percentages and the null hypotheses of the study was tested using chi-square (X2 inferential statistical model at 5% level of significance. The findings revealed that there is a significant relationship between the operation of small and medium-scale enterprises and economic growth in developing nations. Keywords: Entrepreneurship, SMEs, Economic development, Transiting economy, Nigeria

  2. Asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy

    NARCIS (Netherlands)

    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

  3. THE ROLE OF SMALL BUSINESS IN ECONOMIC DEVELOPMENT OF EUROPEAN ECONOMY

    Directory of Open Access Journals (Sweden)

    Anca Stan

    2014-07-01

    Full Text Available Small businesses provide catalytic benefits to the economy. They contribute to national output, and to the society as a whole, beyond the spending and profit they generate. The role of SMEs is crucial for the European economic recovery – their number, employment capacity and value added constitute a large share of the European economy. Providing the right conditions in which SMEs can flourish is paramount for ensuring a sustained recovery and achieving prosperity for all EU citizens. There is no single agreed definition of an SME. Early definitions of ‘small’ businesses were largely qualitative. SMEs are generally considered to be non - subsidiary, independent firms which employ fewer than a given number of employees. For many small businesses, going global is no longer just an interesting to do – it is essential to the long – term health and performance of the company. Across the EU policies are being developed at regional, national and transnational government level that see SMEs as the only positive way of creating employment and generating increased local growth for the community.

  4. An analysis of macroeconomic fluctuations for a small open oil-based economy: The case of Saudi Arabia

    Science.gov (United States)

    Al-Abdulkarim, Bander B.

    The increasing fluctuations in the oil prices through the last decades have been transferred to the oil exporting countries. Thus, many oil exporting countries experienced significant changes in the economic activity due to changes in the oil markets. In light of this, oil exporting countries have attempted to implement a policy that would stabilize the fluctuations in the oil markets recognizing the adverse effects of such behavior on oil exporting countries, as well as oil importing countries. Saudi Arabia, as the largest oil-exporting country and a member of OPEC, takes the role of oil-markets stabilizer by behaving as the swing producer. This role has caused the global economic fluctuations to transfer into the domestic economy. In addition, Saudi Arabian government has adopted a fixed exchange rate currency regime. Although it has contributed to domestic price stabilizations, this policy has also exposed the country to global economic disturbances. The purpose of the study is to empirically investigate these aspects for Saudi Arabia. First, the effects of shocks originated in the international markets on the Saudi Arabian economy. Second, how the fixed exchange rate regimes influences the domestic macroeconomic variables. Third, to what extent the oil sector contributes to the non-oil domestic fluctuations. Finally, how the findings from the study can be explained by economic theory. In pursuing this, there are four economic theories that are considered to explain the causes of business cycles. These theories are Classical Theory, Keynesian Theory, Monetarist Theory, and the Real Business Cycles. In addition, a theoretical model is derived that is suitable for an oil-based economy. The model follows the set up of McCallum and Nelson (1999). Then, the empirical models of Structural Vector Autoregression (SVAR) and Error Correction Model (ECM) are implemented with three different specifications: Choleski Decomposition, Block Exogeneity and long-run Cointegration

  5. Small business incubators: An emerging phenomenon in South Africa’s SMME economy

    Directory of Open Access Journals (Sweden)

    Mukovhe Masutha

    2014-07-01

    Full Text Available In South Africa much policy attention is focused on the potential of the small, medium and micro-enterprise (SMME economy for job creation. Nevertheless, despite government support for the SMME economy, high mortality rates are experienced by start-up enterprises. In common with international experience South Africa has adopted business incubation as a strategic tool for assisting the survival as well as building the competitiveness of SMMEs. This article analyses the state of business incubation in South Africa drawing attention to marked differences between the groups of public sector business incubators as opposed to those business incubators which have been initiated by the private sector.

  6. Open Model for the Evaluation of Economic Attractiveness of Small and Medium Sized Reactors. Annex VI

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-12-15

    This annex describes the development of an open model for simulation and evaluation of the economic features of small and medium sized reactors (SMRs), being undertaken by the Politecnico di Milano in Italy. The model aims at establishing a comparative assessment of SMRs versus large reactors (LRs) as its final output. The model will allow assessment of the competitiveness of SMRs under different deployment and application conditions. The distinctive attributes of SMRs such as replication, scalability, reversibility and standardization are briefly described below. The features of SMRs impacting the domains of generation costs (co-siting economies, learning economies, technical economies, mass production and factory fabrication economies), deployment conditions (market matching, market suitability, reduced entry barriers) and financial costs (lower financial distress, reduced risk premium) are addressed before explaining the model architecture. Other state of the art models in this regard are also discussed, along with their respective attributes. The special features of the SMR model being developed are discussed. At the current stage of research, selected elements of the generation costs are modelled analytically. Provisions for adapting financial and external costs from other contemporary models and integrating the same into the main framework are being established. The model has been realized as a code, and the updated version of this code is used in the case studies of SMR competitiveness in different applications, carried out within the IAEA project Common Technology and Issues for SMRs.

  7. Open Automated Demand Response for Small Commerical Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Dudley, June Han; Piette, Mary Ann; Koch, Ed; Hennage, Dan

    2009-05-01

    This report characterizes small commercial buildings by market segments, systems and end-uses; develops a framework for identifying demand response (DR) enabling technologies and communication means; and reports on the design and development of a low-cost OpenADR enabling technology that delivers demand reductions as a percentage of the total predicted building peak electric demand. The results show that small offices, restaurants and retail buildings are the major contributors making up over one third of the small commercial peak demand. The majority of the small commercial buildings in California are located in southern inland areas and the central valley. Single-zone packaged units with manual and programmable thermostat controls make up the majority of heating ventilation and air conditioning (HVAC) systems for small commercial buildings with less than 200 kW peak electric demand. Fluorescent tubes with magnetic ballast and manual controls dominate this customer group's lighting systems. There are various ways, each with its pros and cons for a particular application, to communicate with these systems and three methods to enable automated DR in small commercial buildings using the Open Automated Demand Response (or OpenADR) communications infrastructure. Development of DR strategies must consider building characteristics, such as weather sensitivity and load variability, as well as system design (i.e. under-sizing, under-lighting, over-sizing, etc). Finally, field tests show that requesting demand reductions as a percentage of the total building predicted peak electric demand is feasible using the OpenADR infrastructure.

  8. Experimental study of a shear wall with numerous small openings

    International Nuclear Information System (INIS)

    Sotomura, K.; Murazumi, Y.; Yoshizaki, S.; Ezaki, T.

    1981-01-01

    Many small openings for piping and ducts are usually required in the shear walls for PWR nuclear power plant. It is generally believed that such openings oadversely affect the strength and stiffness of shear walls. However, little information is available concerning the behavior of walls with numerous small openings. Therefore, tests using wall specimens and an analysis using an FEM program were carried out to investigate this behavior. Main findings are as follows: 1) The ultimate strength of a shear wall with numerous small openings may be obtained by using the effective area at the critical cross section of the shear wall. 2) Shear walls with openings can be restored to the same shear strength and stiffness as shear walls without openings by diagonal reinforcement. (orig./HP)

  9. Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

    OpenAIRE

    Paula Hernandez-Verme; Wen-Yao Wang

    2009-01-01

    We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities contribute to the severe indetermi-nacy of the continuum of equilibria. The scope for existence and indeterminacy of equilibria and dynamic properties are associated with the underlying policy regime. Bindin...

  10. Sovereign risk and macroeconomic fluctuations in an emerging market economy

    NARCIS (Netherlands)

    Kirchner, M.; Rieth, M.

    2010-01-01

    This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two versions of a simple New Keynesian small open economy model on quarterly data for the period 1994Q3-2008Q2: a basic version and a version augmented by a default premium on government

  11. Rent taxation and its intertemporal effects in a small open economy

    DEFF Research Database (Denmark)

    Köthenbürger, Marko; Poutvaara, Panu

    2009-01-01

    Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase utilit...... of the current generation provided tax revenues are earmarked to reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially prevailing tax mix is sufficiently skewed toward wage taxation....

  12. Interaction of carbon reduction and green energy promotion in a small fossil-fuel importing economy

    International Nuclear Information System (INIS)

    Pethig, Ruediger; Wittlich, Christian

    2009-01-01

    We study the incidence of carbon-reduction and green-energy promotion policies in an open fossil-fuel importing general equilibrium economy. The focus is on mixed price-based or quantity-based policies. Instruments directed toward promoting green energy are shown to reduce also carbon emissions and vice versa. Their direct effects are stronger than their side effects, the more so, the greater is the elasticity of substitution in consumption between energy and the consumption good. We calculate the effects of variations in individual policy parameters, especially on energy prices and welfare costs, and determine the impact of exogenous fossil-fuel price shocks on the economy. (orig.)

  13. Some questions on small uranium open-pit mines

    International Nuclear Information System (INIS)

    Li Junyi

    1992-01-01

    The experiences of the existing uranium open pits are summarized and the questions in design, erection and production are analyzed. It is important helpful to develop and to design such economical and reasonable small uranium open pits

  14. The Relevance of Political Stability on FDI: A VAR Analysis and ARDL Models for Selected Small, Developed, and Instability Threatened Economies

    Directory of Open Access Journals (Sweden)

    Petar Kurecic

    2017-06-01

    Full Text Available This paper studies the relevance of political stability on foreign direct investment (FDI and the relevance of FDI on economic growth, in three panels. The first panel contains 11 very small economies; the second contains five well-developed and politically stable economies with highly positive FDI net inflows, while the third is a panel with economies that are prone to political violence or targeted by the terrorist attacks. We employ a Granger causality test and implement a vector autoregressive (VAR framework within the panel setting. In order to test the sensitivity of the results and avoid robust errors, we employ an ARDL model for each of the countries within every panel. Based upon our results, we conclude that there is a long-term relationship between political stability and FDI for the panel of small economies, while we find no empiric evidence of such a relationship for both panels of larger and more developed economies. Similarly to the original hypothesis of Lucas (1990, we find that FDI outflows tend to go towards politically less stable countries. On the other hand, the empiric methodology employed did not find such conclusive evidence in the panels of politically more developed countries or in the small economies that this paper observes.

  15. Competitiveness of small-medium reactors. A probabilistic study on the economy of scale factor

    International Nuclear Information System (INIS)

    Trianni, A.; Locatelli, G.; Trucco, P.

    2009-01-01

    Smaller size reactors are able to play an important role in the worldwide nuclear renaissance. The major disadvantage of those new reactors - the unit size - would label the small-medium size reactors as not economically competitive with larger plants. But, the economy of scale law applies only if the designs are similar, which is not the case here, since the SMRs are designed with original and innovative solutions not accessible to large size reactors: the IRIS reactor is used as an example of small medium reactors (SMR), but the analyses and conclusions are applicable to the whole spectrum of SMRs. The aim of this paper is to present latest advances in the differential economical assessment of Generation Cost of SMRs compared to LRs. The international literature has started to present studies focused on the two major differential accounts of Levelized Unit Electricity Cost - Captial Costs ($/kWe) and Operation and Maintenance Costs ($/kWh) - providing deterministic values for the main cost drivers (i.e. economy of scale, multiple units, learning during construction, design characteristics and modular build, shorter construction time for CC, economy of scale location of the plant, number of units, capacity factor, learning by doing, plant obsolescence for O and M costs). Since the modern SMR market is in the early stages of development, it is necessary to consider also the uncertainties associated to current estimates of those cost drivers. When available, the uncertainty has been integrated in the Open Model assigning a probabilistic distribution to the input value of each cost driver. As Far as other cost drivers are concerned, parametric analyses are still under development and uncertainty analyses are not available: thus, conservative but realistic values for both of them have been assumed. Some reasonable future scenarios have been assumed, considering the private operator perspective for a single plant investment and postulating, among the others

  16. The MIRAB Model of Small Island Economies in the Pacific and their Security Issues: Revised Version

    OpenAIRE

    Tisdell, Clem

    2014-01-01

    The MIRAB model of Pacific island micro-economies was developed in the mid-1980s by the New Zealand economists, Bertram and Watters, and dominated the literature on the economics of small island nations and economies until alternative models were proposed two decades later. Nevertheless, it is still an influential theory. MIRAB is an acronym for migration (MI), remittance (R) and foreign aid (A) and the public bureaucracy (B); the main components of the MIRAB model. The nature of this model i...

  17. Statistical Physics of Economic Systems: a Survey for Open Economies

    Science.gov (United States)

    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.

  18. Characterization of the Small and Median Companies in the Textile Sector of the Ecuadorian Economy

    Directory of Open Access Journals (Sweden)

    Jenny Lilián Basantes–Avalos

    2015-12-01

    Full Text Available The small and median companies perform a fundamental role in the economy of latinoamerican countries, and Ecuador is not the exception, because of its incidence in the generation of employment and economic development. Historically, Ecuador has been a textile country by excellence, and with the years has been consolidated like one of the manufactured industries most importants of the country. However, the sector has to deal with adverse condition in the last decade. For such reason, the manufacturers have the challenge of improve the production techniques to promote a better quality offer and recognition, capable of competing with foreign products of similar characteristics. In this context, this paper has the intent to characterize the small and median companies of Ecuador in general and the textile sector as a particularity, its current situation, the importance of the Ecuadorian economy, such as their problems and opportunities. 

  19. Examining the ‘’Natural Resource Curse’’ and the Impact of Various Forms of Capital in Small Tourism and Natural Resource-Dependent Economies

    Directory of Open Access Journals (Sweden)

    Petar Kurecic

    2017-02-01

    Full Text Available The problem of the relevance of human and natural capital, as well as the potential adverse effect of natural capital on economic growth, has gained increased attention in development economics. The aim of this paper is to assess, theoretically and empirically, the relevance of several forms of capital on economic growth in certain small economies that are dependent upon tourism or natural resources. The empirical framework is based on Impulse Response Functions obtained from Vector Autoregressive models in which we focus on the model where economic growth is the dependent variable for ten small economies that are dependent upon either tourism or natural resources. We find that there is evidence of the “natural resource curse”, especially in the economies that have a strong dependence on resources that are easily substitutable and whose prices constantly fluctuate. We further find that in the majority of observed cases, the type of capital these small economies are most dependent on for their economic growth causes negative impulses in the majority of the observed periods. Therefore, the main policy recommendation should be to assure that even these small economies should strive towards further diversification and avoid dependence on only one segment of their economy.

  20. Nuclear Power as an Option in Electrical Generation Planning for Small Economy and Electricity Grid

    International Nuclear Information System (INIS)

    Tomsic, Z.

    2012-01-01

    Implementing a NPP in countries with relatively small total GDP (small economy) and usually with small electricity grid face two major problems and constrains: the ability to obtain the considerable financial resources required on reasonable terms and to connect large NPP to small electricity grid. Nuclear generation financing in developing countries involves complex issues that need to be fully understood and dealt with by all the parties involved. The main topics covered by paper will be the: special circumstances related to the financing of NPP, costs and economic feasibility of NPP, conventional approaches for financing power generation projects in developing countries, alternative approaches for mobilizing financial resources. The safe and economic operation of a nuclear power plant (NPP) requires the plant to be connected to an electrical grid system that has adequate capacity for exporting the power from the NPP, and for providing a reliable electrical supply to the NPP for safe start-up, operation and normal or emergency shut-down of the plant. Connection of any large new power plant to the electrical grid system in a country may require significant modification and strengthening of the grid system, but for NPPs there may be added requirements to the structure of the grid system and the way it is controlled and maintained to ensure adequate reliability. Paper shows the comparative assesment of differrent base load technologies as an option in electrical generation planning for small economy and electricity grid.(author).

  1. Contribution of small and medium enterprises to economic development: Evidence from a transiting economy.

    Science.gov (United States)

    Obi, James; Ibidunni, Ayodotun Stephen; Tolulope, Atolagbe; Olokundun, Maxwell Ayodele; Amaihian, Augusta Bosede; Borishade, Taiye Tairat; Fred, Peter

    2018-06-01

    The focus of this research was to present a data article on the contribution of SMEs to economic development in a transiting economy. Descriptive research design was adopted in this study. Data were obtained from 600 respondents in 60 small-scale enterprises located in different parts of the country (20 small-scale enterprises located in Lagos State, 20 in Anambra State and 20 in Kano State of Nigeria respectively). Data analysis was carried out using tables and percentages and the null hypotheses of the study was tested using chi-square ( X 2 ) inferential statistical model at 5% level of significance. The findings revealed that there is a significant relationship between the operation of small and medium-scale enterprises and economic growth in developing nations.

  2. The impact of tourism on the economy and population of small islands : The case of Aruba

    NARCIS (Netherlands)

    Croes, R.H.

    2007-01-01

    Many small islands in the Caribbean depend on tourism as the dominant sector of their economy. This dependence leads to economic vulnerability, in particular if the sector is dominated by international hotel chains that cater for the North American market. Reliance on a single geographical market

  3. Essays in Open Economy Monetary Policy

    OpenAIRE

    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 ...

  4. Role of Strong versus Weak Networks in Small Business Growth in an Emerging Economy

    Directory of Open Access Journals (Sweden)

    M. Kamil Kozan

    2014-02-01

    Full Text Available The study tests whether strong rather than weak ties account for small business growth in Turkey. Data were collected by means of a questionnaire filled out by the owners of small firms operating in four cities. Growth is comprised of two main areas, production expansion and knowledge acquisition. Results show that strong ties are positively related to both types of growth. In contrast, loose ties have no effect on small business growth in either area. This finding is attributed to the influence of the collectivistic nature of the mainstream Turkish culture, where owners of small businesses are likely to rely on in-groups rather than out-groups for advice and for financial support. Implications of relative absence of weak ties for small business growth and innovation in emerging economies are discussed. The findings suggest that culture should be included as a contingency variable in future studies of network strength and growth relationship. The paper also discusses the possible moderating role of affective and cognition-based trust in the relation of strong and weak ties to small business growth.

  5. Economic impact of oil price shocks on the Turkish economy in the coming decades: A dynamic CGE analysis

    International Nuclear Information System (INIS)

    Aydin, Levent; Acar, Mustafa

    2011-01-01

    As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy. - Research highlights: → World oil prices are projected to rise in coming decade, to around $185 per barrel in 2020. → If this occurs in Turkey, how to quantitatively evaluate the impacts on Turkish economy? → Cumulative output loss resulting from world oil prices increased by 121% can be as large as 14%. → Cumulative inflation as measured by CPI index can be nearly 5% under a fixed exchange rate regime. → Cumulative carbon emissions fall by around 51.7% without using any tools for climate change policy.

  6. Dutch Disease in a small open economy: The case of oil in Saudi Arabia

    International Nuclear Information System (INIS)

    Al-Mabrouk, S.A.

    1991-01-01

    The effects of 'Dutch Disease' come through two channels: real wage rate and real exchange rate. A sector export boom induces both resource movement and spending effects that reinforce each other in raising higher real wage and real exchange rates. In the case of an oil boom, only the spending effect is in operation because the oil sector does not employ domestic mobile factors. After a great deal of theoretical surveying and consolidation of 'Dutch Disease' on the Saudi Arabian economy throughout the period of 1970s and 1980s. The author was trying to see whether or not the oil boom was an obstacle to economic diversification. The empirical findings support the theoretical prediction. The real exchange rate of Saudi Arabia has appreciated throughout the period of the oil-boom and, in turn, it induced an expansion in the non-traded sector and a contraction in the non-oil traded sector. The indirect effect of the oil boom came through the use of oil wealth to import technology. This effect induced further expansion in the non-traded goods at a faster rate than the non-oil traded goods

  7. Business cycles in small, open economies: Evidence from panel data between 1900 and 2013

    OpenAIRE

    Miyamoto, Wataru; Nguyen, Thuy Lan

    2016-01-01

    Using a novel data set for 17 countries dating from 1900 to 2013, we characterize business cycles in both small developed and developing countries in a model with financial frictions and a common shock structure. We estimate the model jointly for these 17 countries using Bayesian methods. We find that financial frictions are an important feature for not only developing countries but also small developed countries. Furthermore, business cycles in both groups of countries are marked with trend ...

  8. Carbon and energy taxes in a small and open country

    OpenAIRE

    S. Solaymani

    2017-01-01

    Malaysia, as a small and developing country, must reduce carbon emissions because the country is one of the top CO2-emitting countries in the ASEAN region. Therefore, the current study implements two environmental tax policies; carbon and energy taxes, in order to examine the impacts of these policies on the reduction of carbon emission in the whole of the economy by applying a computable general equilibrium model. Since the whole of the government revenue from these tax policies is transferr...

  9. SOCIAL ECONOMY EFFICIENCY

    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.

  10. Enabling frameworks for low-carbon technology transfer to small emerging economies: Analysis of ten case studies in Chile

    International Nuclear Information System (INIS)

    Pueyo, Ana

    2013-01-01

    Technology transfer is crucial to reduce the carbon intensity of developing countries. Enabling frameworks need to be in place to allow foreign technologies to flow, to be absorbed and to bring about technological change in the recipient country. This paper contributes to identifying these enabling factors by analysing 10 case studies of low-carbon technology transfer processes based in Chile. Our findings show the importance of strong economic and institutional fundamentals, a sound knowledge base, a sizable and stable demand and a functioning local industry. Policy recommendations are derived to improve the penetration of foreign low-carbon technologies in developing countries, focusing on the particularities of small and medium emerging economies. - Highlights: ► We analyse 10 case studies of low carbon technology transfer to Chile. ► We identify enablers of technology transfer to developing countries. ► We provide policy recommendations focusing on small and medium economies.

  11. Fuel Economy and Emissions Effects of Low Tire Pressure, Open Windows, Roof Top and Hitch-Mounted Cargo, and Trailer

    Energy Technology Data Exchange (ETDEWEB)

    Thomas, John F [ORNL; Huff, Shean P [ORNL; West, Brian H [ORNL

    2014-01-01

    To quantify the fuel economy (FE) effect of some common vehicle accessories or alterations, a compact passenger sedan and a sport utility vehicle (SUV) were subjected to SAE J2263 coastdown procedures. Coastdowns were conducted with low tire pressure, all windows open, with a roof top or hitch-mounted cargo carrier, and with the SUV pulling an enclosed cargo trailer. From these coastdowns, vehicle dynamometer coefficients were developed which enabled the execution of vehicle dynamometer experiments to determine the effect of these changes on vehicle FE and emissions over standard drive cycles and at steady highway speeds. The FE penalty associated with the rooftop cargo box mounted on the compact sedan was as high as 25-27% at higher speeds, where the aerodynamic drag is most pronounced. For both vehicles, use of a hitch mounted cargo tray carrying a similar load resulted in very small FE penalties, unlike the rooftop cargo box. The results for the SUV pulling a 3500 pound enclosed cargo trailer were rather dramatic, resulting in FE penalties ranging from 30%, for the city cycle, to 50% at 80 mph, at which point significant CO generation indicated protective enrichment due to high load. Low tire pressure cases resulted in negligible to 10% FE penalty depending on the specific case and test point. Driving with all four windows open decreased FE by 4-8.5% for the compact sedan, and 1-4% for the SUV.

  12. Small Engines as Bottoming Cycle Steam Expanders for Internal Combustion Engines

    OpenAIRE

    Weerasinghe, Rohitha; Hounsham, Sandra

    2017-01-01

    Heat recovery bottoming cycles for internal combustion engines have opened new avenues for research into small steam expanders [1]. Dependable data for small steam expanders will allow us to predict on their suitability as bottoming cycle engines and the fuel economy achieved by using them as bottoming cycles. Wankel Engines, with its lower resistance properties at small scale provide excellent contenders for bottoming cycle expanders. Present paper is based on results of experiments carried ...

  13. 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...

  14. SMALL BUSINESS – ALTERNATIVE TO UNEMPLOYMENT REDUCTION IN ECONOMY UNDER RECESSION

    Directory of Open Access Journals (Sweden)

    Trajković Svetlana

    2013-01-01

    Full Text Available The decade long trend of unemployment rate increase, reduction of national income and salaries of the employees and demand reduction implies the necessity for taking urgent measures and counteracting the high inflation rate in order to reduce the unemployment of both the younger population as well as the elderly population (older than 50 which is often considered to be unneeded. More active initiation of small business through entrepreneurship, even self-employment can be an impetus for healing the economy. Education, financial support in the form of favorable loans together with the fiscal policy of new entrepreneurs can initiate entering into business of people with the feeling, awareness and readiness for innovative work and uncertainty, and those who are ready to face the risk of anticipating future developments and market turbulences which are inevitable companions of modern business.

  15. Real Exchange Rates in Advanced Transition Economies

    Directory of Open Access Journals (Sweden)

    Sanja Grubacic

    2015-10-01

    Full Text Available The recent evidence from Eastern Europe suggests that one of the major obstacles towards the adoption of euro may lie in the impact that the recession of 2008 exerted on the trajectory of real exchange rates in new member countries (European Commission, 2015.  This paper aims to establish and explain the relationship between the external shocks derived from the global financial crisis and recession of 2008 and equilibrium real exchange rate in advanced transition economies of Eastern Europe. The interplay between the external and internal balances is explained by developing an inter-temporal optimizing model of the real exchange rate determination in a small open economy with structural distortions. The results of our model suggest that, in the aftermath of recession, if the Eastern European economies attempt to restore and maintain the balance between the consumption, saving, and investment, the equilibrium real exchange rate will tend to reverse its trajectory from appreciation to depreciation over time in order to encourage a greater production in the future. The equilibrium real exchange rate depreciation in the future may obtain either as a result of an increase in the direct subsidies on investment or as a result of reduced subsidies on the "net-of-investment" income.  The deprecation of countries’ real exchange rate, however, may continue to act as an effective constraint against the adoption of euro.

  16. The Implementation of Monetary Policy in an Emerging Economy: The Case of Chile

    OpenAIRE

    Christian A Johnson; Rodrigo Vergara

    2005-01-01

    Central bank authorities base implementation of monetary policy on an analysis of multiple variables known as monetary policy indicators. In a small open economy such as Chile, these indicators may include in-flation misalignments, unemployment, GDP growth, money growth, the current account balance, exchange rate volatility and international re-serves. A neural network approach is used to establish the correspond-ing weights considered by the Board of the Central Bank of Chile dur-ing the per...

  17. MACROECONOMICS EFFECT OF FISCAL POLICY IN TRANSITION ECONOMIES: THE CASE REPUBLIC OF MACEDONIA

    OpenAIRE

    Besnik Fetai; Selajdin Abduli

    2014-01-01

    The objective of this paper is to investigate the effect of fiscal policy in small open transition economy. This paper employs, Granger- Causality test, Impulse Response Function and Forecast Error Decomposition, in order to assess the impact of fiscal policy on real GDP and prices. In this finding, all econometrics result do not show a conventional Keynesian effect of fiscal policy on real economic activity due to the counteracting effect of the monetary policy reaction. This causes a crowdi...

  18. 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 ...

  19. Improving the economy-of-scale of small organic rankine cycle systems through appropriate working fluid selection

    International Nuclear Information System (INIS)

    White, Martin; Sayma, Abdulnaser I.

    2016-01-01

    Highlights: • Novel system model coupling turbine and ORC system performance. • Contour plots to characterise working fluid and turbine performance. • Changing working fluid can expand pump and turbine operating envelope. • Possible to improve the economy-of-scale through optimal working fluid selection. - Abstract: Organic Rankine cycles (ORC) are becoming a major research area within the field of sustainable energy systems. However, a major challenge facing the widespread implementation of small and mini-scale ORC systems is the economy-of-scale. To overcome this challenge requires single components that can be manufactured in large volumes and then implemented into a wide variety of different applications where the heat source conditions may vary. The aim of this paper is to investigate whether working fluid selection can improve the current economy-of-scale by enabling the same system components to be used in multiple ORC systems. This is done through coupling analysis and optimisation of the energy process, with a performance map for a small-scale ORC radial turbine. The performance map, obtained using CFD, is adapted to account for additional loss mechanisms not accounted for in the original CFD simulation before being non-dimensionalised using a modified similitude theory developed for subsonic ORC turbines. The updated performance map is then implemented into a thermodynamic model, enabling the construction of a single performance contour that displays the range of heat source conditions that can be accommodated by the existing turbine whilst using a particular working fluid. Constructing this performance map for a range of working fluids, this paper demonstrates that through selecting a suitable working fluid, the same turbine can efficiently utilise heat sources between 360 and 400 K, with mass flow rates ranging between 0.5 and 2.75 kg/s respectively. This corresponds to using the same turbine in ORC applications where the heat available ranges

  20. The complex of measures on inclusion of small businesses in innovation clusters

    Directory of Open Access Journals (Sweden)

    A. V. Kupchinsky

    2016-01-01

    Full Text Available Modern practice of managing and its display in scientific publications demonstrate that development of world economy with all evidence proves the major role and the importance of sector of small business structures in national economy. In the modern world the national economy in many respects began to be determined by the balanced and sustainable development of the small business structures recognized now as conductors and creators of new opening and technologies, moreover, as the strategic instrument of the structural transformations of a modern economic system of the country often directed to high-quality increase in efficiency of reproduction process of regional economy. Now in Russia the level of development of an innovative entrepreneurship is very low. It is possible to state lack of properly created institutional environment for development of a small entrepreneurship in the innovative sphere. Clasterisation represents process of consolidation of a number of the organizations of various industries for increase in competitiveness, implementation of innovations, effective development and receipt of other benefits. According to separation of economy on real and virtual, the possibility of creation of both real, and virtual clusters increases. Creation and development of regional clusters will help to create the necessary level of activity of small business structures in innovative activities that will favorably affect increase in competitiveness of both regional, and national economy. The package of measures including measures for involvement of small business structures in clusters is developed for development of a cluster initiative and increase in innovative development of the region. Application of this program will allow to reach synergy effect at the expense of high degree of concentration and cooperation of small business structures and increase in effectiveness of their activities.

  1. Open-Source Medical Devices (OSMD) Design of a Small Animal Radiotherapy System

    Science.gov (United States)

    Prajapati, S.; Mackie, T. R.; Jeraj, R.

    2014-03-01

    Open-Source Medical Devices (OSMD) was initiated with the goal of facilitating medical research by developing medical technologies including both hardware and software on an open-source platform. Our first project was to develop an integrated imaging and radiotherapy device for small animals that includes computed tomography (CT), positron emission tomography (PET) and radiation therapy (RT) modalities for which technical specifications were defined in the first OSMD conference held in Madison, Wisconsin, USA in December 2011. This paper specifically focuses on the development of a small animal RT (micro-RT) system by designing a binary micro multileaf collimator (bmMLC) and a small animal treatment planning system (SATPS) to enable intensity modulated RT (IMRT). Both hardware and software projects are currently under development and their current progresses are described. After the development, both bmMLC and TPS will be validated and commissioned for a micro-RT system. Both hardware design and software development will be open-sourced after completion.

  2. Economic fluctuations in a small economy with two productive sectors under a floating exchange rate regime

    Directory of Open Access Journals (Sweden)

    José Ustorgio Mora Mora

    2013-06-01

    Full Text Available This paper presents a theoretical model of aggregate supply and demand in a small economy with two productive sectors, under a flexible exchange regime and imperfect capital mobility. Only one of the production sectors is assumed to produce an exportable commodity sold at world market prices, while the production of the other sector is assumed to supply the domestic market. This model helps to explain how the impact of both domestic (economic policy, productivity, etc. and foreign (changes in exchange terms shocks is spread. In every case studied, results show that real output increases consistently with those cases postulated by economic theory. Conversely, the effects on the price level, the exchange rate and the real interest rate are ambiguous. In terms of domestic shocks, fiscal or monetary policy may be seen as a way to stabilize or stimulate the economy but the costs involved raise the price level.

  3. Pulsed Direct Current Electrospray: Enabling Systematic Analysis of Small Volume Sample by Boosting Sample Economy.

    Science.gov (United States)

    Wei, Zhenwei; Xiong, Xingchuang; Guo, Chengan; Si, Xingyu; Zhao, Yaoyao; He, Muyi; Yang, Chengdui; Xu, Wei; Tang, Fei; Fang, Xiang; Zhang, Sichun; Zhang, Xinrong

    2015-11-17

    We had developed pulsed direct current electrospray ionization mass spectrometry (pulsed-dc-ESI-MS) for systematically profiling and determining components in small volume sample. Pulsed-dc-ESI utilized constant high voltage to induce the generation of single polarity pulsed electrospray remotely. This method had significantly boosted the sample economy, so as to obtain several minutes MS signal duration from merely picoliter volume sample. The elongated MS signal duration enable us to collect abundant MS(2) information on interested components in a small volume sample for systematical analysis. This method had been successfully applied for single cell metabolomics analysis. We had obtained 2-D profile of metabolites (including exact mass and MS(2) data) from single plant and mammalian cell, concerning 1034 components and 656 components for Allium cepa and HeLa cells, respectively. Further identification had found 162 compounds and 28 different modification groups of 141 saccharides in a single Allium cepa cell, indicating pulsed-dc-ESI a powerful tool for small volume sample systematical analysis.

  4. Competition Policies in Emerging Economies: Lessons and ...

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

    30 juil. 2008 ... Do small developing economies, or SDEs, need a specific competition policy to ... to promote competition and business creation, yet the economic and ... in Emerging Economies features in-depth analysis of two strategic ...

  5. Cloud Computing: The Level of Awareness Amongst Small & Medium-sized Enterprises (SMEs) in Developing Economies

    DEFF Research Database (Denmark)

    Yeboah-Boateng, Ezer Osei; Essandoh, Kofi Asare

    2013-01-01

    Cloud computing services are being touted as a major enabler for small businesses lately. This new paradigm is seen to offer unique opportunities to small and medium enterprises (SMEs) worldwide and developing economies are no exception. It presents SMEs access to similar technologies available...... indicated that a slight majority of the respondents were familiar with cloud computing on the individual level but the level of awareness amongst the larger SME industry was low to medium. The finding therefore recommends education and sensitization on cloud computing in order to increase awareness...... to their larger counterparts and those in the developed world which inherently creates innovativeness, increases competitive advantage and impacts their operations and processes. This paper seeks to determine the level of awareness and familiarity with this emerging computing paradigm. The results of the study...

  6. Argentinean integrated small reactor design and scale economy analysis of integrated reactor

    International Nuclear Information System (INIS)

    Florido, P. C.; Bergallo, J. E.; Ishida, M. V.

    2000-01-01

    This paper describes the design of CAREM, which is Argentinean integrated small reactor project and the scale economy analysis results of integrated reactor. CAREM project consists on the development, design and construction of a small nuclear power plant. CAREM is an advanced reactor conceived with new generation design solutions and standing on the large experience accumulated in the safe operation of Light Water Reactors. The CAREM is an indirect cycle reactor with some distinctive and characteristic features that greatly simplify the reactor and also contribute to a highly level of safety: integrated primary cooling system, self pressurized, primary cooling by natural circulation and safety system relying on passive features. For a fully doupled economic evaluation of integrated reactors done by IREP (Integrated Reactor Evaluation Program) code transferred to IAEA, CAREM have been used as a reference point. The results shows that integrated reactors become competitive with power larger than 200MWe with Argentinean cheapest electricity option. Due to reactor pressure vessel construction limit, low pressure drop steam generator are used to reach power output of 200MWe for natural circulation. For forced circulation, 300MWe can be achieved. (author)

  7. 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.

  8. How Do the Richest 1% Owns 50% of Wealth in a Small-Open Growth Model with Endogenous Wealth and Human Capital

    Directory of Open Access Journals (Sweden)

    Wei-Bin Zhang

    2017-01-01

    Full Text Available This paper extends the growth model for a closed national economy by Zhang (2015 to a small-open economy. We attempt to explain some economic mechanisms of how the richest one per cent of the population own 50% of national wealth. We consider endogenous wealth and human capital accumulation by heterogeneous households with different preferences and learning abilities as the main determinants of growth and inequality. We describe the production technologies and economic structure on the basis of the Uzawa two-sector model. By applying Zhang’s concept of disposable income and approach to household behavior, we describe consumers’ wealth accumulation and consumption behavior. We model human capital accumulation on the basis of Arrow’s learning by doing and Zhang’s creativity with leisure. We simulate the model with three groups of the population, the rich 1 %, the middle 69%, and the poor 20%. We demonstrate the existence of an equilibrium point at which the rich 1% own more than half of the national wealth and the poor 20% less than 10% of the national wealth. We show how the system moves to the equilibrium from an initial state and confirm that the equilibrium point is stable. We also conduct comparative dynamic analysis.

  9. The Dutch Economy 2009

    International Nuclear Information System (INIS)

    2010-09-01

    In the series 'The Dutch Economy' the Dutch Statistical Office describes and analyzes annual developments in enterprises, households and governments, and with respect to employment and the environment. One of the subjects is 'Economy and Environment' with the sub-topics 'Resources and Energy', 'Emissions' and 'Environmental Taxes'. Furthermore, in articles on specific themes current economic issues are discussed. One of those themes has the title 'Share of renewable energy in the Netherlands is still small'. [nl

  10. Applications of Open Source 3-D Printing on Small Farms

    Directory of Open Access Journals (Sweden)

    Joshua M. Pearce

    2013-12-01

    Full Text Available There is growing evidence that low-cost open-source 3-D printers can reduce costs by enabling distributed manufacturing of substitutes for both specialty equipment and conventional mass-manufactured products. The rate of 3-D printable designs under open licenses is growing exponentially and there arealready hundreds of designs applicable to small-scale organic farming. It has also been hypothesized that this technology could assist sustainable development in rural communities that rely on small-scale organic agriculture. To gauge the present utility of open-source 3-D printers in this organic farm context both in the developed and developing world, this paper reviews the current open-source designs available and evaluates the ability of low-cost 3-D printers to be effective at reducing the economic costs of farming.This study limits the evaluation of open-source 3-D printers to only the most-developed fused filament fabrication of the bioplastic polylactic acid (PLA. PLA is a strong biodegradable and recyclable thermoplastic appropriate for a range of representative products, which are grouped into five categories of prints: handtools, food processing, animal management, water management and hydroponics. The advantages and shortcomings of applying 3-D printing to each technology are evaluated. The results show a general izabletechnical viability and economic benefit to adopting open-source 3-D printing for any of the technologies, although the individual economic impact is highly dependent on needs and frequency of use on a specific farm. Capital costs of a 3-D printer may be saved from on-farm printing of a single advanced analytical instrument in a day or replacing hundreds of inexpensive products over a year. In order for the full potential of open-source 3-D printing to be realized to assist organic farm economic resiliency and self-sufficiency, future work is outlined in five core areas: designs of 3-D printable objects, 3-D printing

  11. Resource Use in Small Island States: Material Flows in Iceland and Trinidad and Tobago, 1961-2008.

    Science.gov (United States)

    Krausmann, Fridolin; Richter, Regina; Eisenmenger, Nina

    2014-04-01

    Iceland and Trinidad and Tobago are small open, high-income island economies with very specific resource-use patterns. This article presents a material flow analysis (MFA) for the two countries covering a time period of nearly five decades. Both countries have a narrow domestic resource base, their economy being largely based on the exploitation of one or two key resources for export production. In the case of Trinidad and Tobago, the physical economy is dominated by oil and natural gas extraction and petrochemical industries, whereas Iceland's economy for centuries has been based on fisheries. More recently, abundant hydropower and geothermal heat were the basis for the establishment of large export-oriented metal processing industries, which fully depend on imported raw materials and make use of domestic renewable electricity. Both countries are highly dependent on these natural resources and vulnerable to overexploitation and price developments. We show how the export-oriented industries lead to high and growing levels of per capita material and energy use and carbon dioxide emissions resulting from large amounts of processing wastes and energy consumption in production processes. The example of small open economies with an industrial production system focused on few, but abundant, key resources and of comparatively low complexity provides interesting insights of how resource endowment paired with availability or absence of infrastructure and specific institutional arrangements drives domestic resource-use patterns. This also contributes to a better understanding and interpretation of MFA indicators, such as domestic material consumption.

  12. 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

  13. 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)

  14. Small Open Economy Firms in International Trade

    DEFF Research Database (Denmark)

    Eriksson, Tor Viking; Smeets, Valérie; Warzynski, Frederic

    In this paper, we use a rich dataset disaggregating imports and exports decisions by product and origin/destination of all Danish companies for the period 1993-2003 to provide key elements in characterizing Danish firms in international trade. Most evidence to date emanates from the U.S. or devel......In this paper, we use a rich dataset disaggregating imports and exports decisions by product and origin/destination of all Danish companies for the period 1993-2003 to provide key elements in characterizing Danish firms in international trade. Most evidence to date emanates from the U...... in Denmark than in the U.S. There are few traces of the European Union's Single Market Program and the adoption the Euro in 1998. We observe no impact of these changes on the number of exporters, but some signs of impacts on the number of products and export destination countries. Finally, we find that trade...

  15. Foreign Prices Shocks in a Small Open Economy

    DEFF Research Database (Denmark)

    Gestsson, Marias Halldór

    Countries specialize in producing goods that they have comparative advantages in producing. This results in a country exporting some goods while it imports other. Hence, there is a reason to expect that changes in the prices of these goods have consid- erable economic e¤ect and that demand manage...

  16. Ten-year diameter and basal area growth of trees surrounding small group selection openings

    Science.gov (United States)

    Philip M. McDonald; Martin W. Ritchie; Celeste S. Abbott

    1996-01-01

    The effects of small openings in forest stands has interested silviculturists and ecologists for years. Interest generally has centered on the vegetation in the openings, not on that immediately outside of them. Quantitative information on the growth of trees adjacent to group-selection openings, although often mentioned in forestry textbooks as contributing to cost...

  17. Foreign Shocks, Monetary Policy, and Macroeconomic Fluctuations in a Small Open Economy: A SVAR Study of Malaysia

    Directory of Open Access Journals (Sweden)

    Zulkefly Abdul Karim

    2016-06-01

    Full Text Available This paper investigates the effect of foreign shocks upon domestic macroeconomic fluctuations and monetary policy, and examines the effectiveness of domestic monetary policy as a stabilization policy in Malaysia. Monetary policy variables (interest rate and money supply have been measured through a non-recursive structural VAR (SVAR identification scheme, which allows the monetary authority to set the interest rate and money supply after observing the current value of foreign variables, domestic output and inflation. The results show the important role of foreign shocks in influencing Malaysian monetary policy and macroeconomic variables. There is a real effect of monetary policy, that is, a positive shock in money supply increases domestic output. In contrast, a positive interest rates shock has a negative effect on domestic output growth and inflation. The effects of money supply and interest rate shocks on the exchange rate and stock prices are also consistent with standard economic theory. In addition, domestic monetary policy is able to mitigate the negative effect of external shocks upon domestic economy.

  18. Credit policy, inflation and growth in a financially repressed economy

    NARCIS (Netherlands)

    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

  19. 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

  20. Optimization models in a transition economy

    CERN Document Server

    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...

  1. RIVM open data

    NARCIS (Netherlands)

    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

  2. Optimal environmental policy differentials in open economies under emissions constraints

    NARCIS (Netherlands)

    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

  3. Emigrants’ Remittances and the “Dutch Disease” in Small Transition Economies: the Case Of Albania and Moldova

    Directory of Open Access Journals (Sweden)

    Christos Nikas

    2014-03-01

    Full Text Available An exogenous inflow of foreign exchange can lead to an appreciation of the currency of the receiving country, a deterioration of its competitiveness and a fall in net exports. Economic theory identifies this as the “Dutch Disease” although it is more often observed in emerging economies. The origin of the real exchange rate appreciation can differ from country to country but the inflow of remittances, the main and clearer gain for the emigration countries, has been accused for such an outcome. This paper tests the applicability of the “Dutch Disease” for two small transition economies under a free floating exchange rate regime, namely Albania and Moldova. In recent years, these countries have experienced impressive outflows of emigrants and even more impressive inflows of remittances. However, the econometric results, based on the ordinary least squares fixed effects, show that the impact of the workers’ remittances on the real exchange rate varies among the countries examined. The results confirm that the macroeconomic implications of these large capital inflows have been actually different between the countries.

  4. 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.

  5. Integrated spectral study of small angular diameter galactic open clusters

    Science.gov (United States)

    Clariá, J. J.; Ahumada, A. V.; Bica, E.; Pavani, D. B.; Parisi, M. C.

    2017-10-01

    This paper presents flux-calibrated integrated spectra obtained at Complejo Astronómico El Leoncito (CASLEO, Argentina) for a sample of 9 Galactic open clusters of small angular diameter. The spectra cover the optical range (3800-6800 Å), with a resolution of ˜14 Å. With one exception (Ruprecht 158), the selected clusters are projected into the fourth Galactic quadrant (282o evaluate their membership status. The current cluster sample complements that of 46 open clusters previously studied by our group in an effort to gather a spectral library with several clusters per age bin. The cluster spectral library that we have been building is an important tool to tie studies of resolved and unresolved stellar content.

  6. 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.

  7. The Impact of Sustainable Development Technology on a Small Economy-The Case of Energy-Saving Technology.

    Science.gov (United States)

    Chen, Xiding; Huang, Qinghua; Huang, Weilun; Li, Xue

    2018-02-08

    We investigated the impact of a sustainable development technology on the macroeconomic variables in a small economy utilizing a case study with a stochastically improving energy saving technology and a stochastically increasing energy price. The results show the technological displacement effects of energy saving technology are stronger, but there are more ambiguous instantaneous returns to physical capital. However, the energy saving technology's displacement effects might not affect the conditions under which the Harberger-Laursen-Metzler (HLM) effect holds. The effects of rising energy prices on bonds are stronger, and there are more ambiguous instantaneous returns, but the conditions under which the HLM effect holds are different.

  8. Understanding responsible innovation in small producers’ clusters in Northern Vietnam : A grounded theory approach to globalization and poverty alleviation

    NARCIS (Netherlands)

    Voeten, J.J.

    2012-01-01

    The PhD thesis explores new economic dynamics within poor small producers’ clusters in craft villages in northern Vietnam; a country in full economic swing after market economy reforms and opening up to the world. The central research question of the thesis - positioned in current debates about

  9. Future Economy and Touristic Entrepreneurship

    Directory of Open Access Journals (Sweden)

    Viorica Jelev

    2016-09-01

    Full Text Available Specialists claim that Eco-Bio-economy or social economy is the economy of future, in the service of human life by the rational use of environmental resources. The concept brings together in an integrated manner, according to the researchers, economy, ecology, biodiversity, biotechnologies and focuses on integrated sustainable development of the world. The new social economy, together with the corporate social responsibility joins a new multipolar world to a healthy environment by creative and innovative concepts that will ensure the sustainability of living in a sustainable manner. Doctors have added to thisEco-Bio-Economy concept a new one called One Health - a new integrated approach for human, animals and environment health state to that they should emphasize the importance of human behavior upon the planet biodiversity. Economer agents have mostly understood the importance of alarm signals drawn up by researchers on the destruction of the resources of the planet and adapted their business sites to the requirements of the green economy. A responsible business is also ecotourism that promotes a favourable travel for the surrounding environment. It requires accommodation on farms, in peasant houses, small rural hotels. The educational environment contributes to the trend planetary tourism, with the formation of new specialists with new knowledge, behaviors and consumers use formation of new characters, sensitive to environmental issues. This educational model is also promoted by Spiru Haret University, by creating the Master degree in tourism but also in environmental protection.

  10. 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 ...

  11. Integration & Impact of Information Technology on Indian Economy

    OpenAIRE

    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...

  12. 76 FR 56879 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-09-14

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small...

  13. 76 FR 37200 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-06-24

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self...

  14. 76 FR 22170 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-04-20

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self...

  15. 76 FR 63715 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-10-13

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small...

  16. 76 FR 46897 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-08-03

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small...

  17. 76 FR 6189 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-02-03

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self...

  18. 76 FR 10942 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-02-28

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self...

  19. The Political Economy, the Economic Policy and the Internal Control in the Development of Micro, Small and Medium Enterprises in Angola

    Directory of Open Access Journals (Sweden)

    Mendes Pedro−Ludi

    2016-12-01

    Full Text Available The Economic Policy includes the strategies of diversification and development of the country and has in Angola as the most important objective, the development of Micro, Small and Medium Enterprises (MPYMES. However, the effectiveness of policies aimed at promoting this type of business depends not only on the policy, but also on the organization, management and control of the process of allocation of financial resources. To achieve this, it is possible if it is based on the interrelationship between Political Economy, scientific basis of Economic Policy and Internal Control, guaranteeing the ordering and control of Economic Policy. The objective of this article is to demonstrate theoretically and empirically the dialectical relationship between Political Economy, Economic Policy and Internal Control, in favor of the development of Angolan MPYMES.

  20. 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

  1. Trade, Development, and the Political Economy of Public Standards

    OpenAIRE

    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...

  2. Political Economy, the Internet and FL/OSS Development

    Science.gov (United States)

    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.

  3. A small-open-economy model and endogeous money stock

    Czech Academy of Sciences Publication Activity Database

    Kodera, Jan; Sladký, Karel; Vošvrda, Miloslav

    2005-01-01

    Roč. 13, č. 1 (2005), s. 27-34 ISSN 0572-3043 R&D Projects: GA ČR GA402/03/1292; GA AV ČR IAA7075202 Institutional research plan: CEZ:AV0Z10750506 Keywords : non-linear dynamic model * money market dynamics * uncovered interest rate parity Subject RIV: AH - Economics

  4. Open-source, small-animal magnetic resonance-guided focused ultrasound system.

    Science.gov (United States)

    Poorman, Megan E; Chaplin, Vandiver L; Wilkens, Ken; Dockery, Mary D; Giorgio, Todd D; Grissom, William A; Caskey, Charles F

    2016-01-01

    MR-guided focused ultrasound or high-intensity focused ultrasound (MRgFUS/MRgHIFU) is a non-invasive therapeutic modality with many potential applications in areas such as cancer therapy, drug delivery, and blood-brain barrier opening. However, the large financial costs involved in developing preclinical MRgFUS systems represent a barrier to research groups interested in developing new techniques and applications. We aim to mitigate these challenges by detailing a validated, open-source preclinical MRgFUS system capable of delivering thermal and mechanical FUS in a quantifiable and repeatable manner under real-time MRI guidance. A hardware and software package was developed that includes closed-loop feedback controlled thermometry code and CAD drawings for a therapy table designed for a preclinical MRI scanner. For thermal treatments, the modular software uses a proportional integral derivative controller to maintain a precise focal temperature rise in the target given input from MR phase images obtained concurrently. The software computes the required voltage output and transmits it to a FUS transducer that is embedded in the delivery table within the magnet bore. The delivery table holds the FUS transducer, a small animal and its monitoring equipment, and a transmit/receive RF coil. The transducer is coupled to the animal via a water bath and is translatable in two dimensions from outside the magnet. The transducer is driven by a waveform generator and amplifier controlled by real-time software in Matlab. MR acoustic radiation force imaging is also implemented to confirm the position of the focus for mechanical and thermal treatments. The system was validated in tissue-mimicking phantoms and in vivo during murine tumor hyperthermia treatments. Sonications were successfully controlled over a range of temperatures and thermal doses for up to 20 min with minimal temperature overshoot. MR thermometry was validated with an optical temperature probe, and focus

  5. 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.

  6. NAFTA and the Mexican Economy

    Science.gov (United States)

    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

  7. Small Scale Gasification Application and Perspectives in Circular Economy

    Science.gov (United States)

    Klavins, Maris; Bisters, Valdis; Burlakovs, Juris

    2018-06-01

    Gasification is the process converting solid fuels as coal and organic plant matter, or biomass into combustible gas, called syngas. Gasification is a thermal conversion process using carbonaceous fuel, and it differs substantially from other thermal processes such as incineration or pyrolysis. The process can be used with virtually any carbonaceous fuel. It is an endothermic thermal conversion process, with partial oxidation being the dominant feature. Gasification converts various feedstock including waste to a syngas. Instead of producing only heat and electricity, synthesis gas produced by gasification may be transformed into commercial products with higher value as transport fuels, fertilizers, chemicals and even to substitute natural gas. Thermo-chemical conversion of biomass and solid municipal waste is developing as a tool to promote the idea of energy system without fossil fuels to a reality. In municipal solid waste management, gasification does not compete with recycling, moreover it enhances recycling programs. Pre-processing and after-processing must increase the amount of recyclables in the circular economy. Additionally, end of life plastics can serve as an energy feedstock for gasification as otherwise it cannot be sorted out and recycled. There is great potential for application of gasification technology within the biomass waste and solid waste management sector. Industrial self-consumption in the mode of combined heat and power can contribute to sustainable economic development within a circular economy.

  8. 76 FR 46897 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-08-03

    ... Small Business/Self Employed Correspondence Exam Toll Free Project Committee AGENCY: Internal Revenue... Panel Small Business/ Self Employed Correspondence Exam Toll Free Project Committee will be conducted....C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self Employed...

  9. 76 FR 6190 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-02-03

    ... Small Business/Self Employed Correspondence Exam Toll Free Project Committee AGENCY: Internal Revenue... Panel Small Business/ Self Employed Correspondence Exam Toll Free Project Committee will be conducted....C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self Employed...

  10. 76 FR 37893 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-06-28

    ... Small Business/Self Employed Correspondence Exam Toll Free Project Committee AGENCY: Internal Revenue... Panel Small Business/ Self Employed Correspondence Exam Toll Free Project Committee will be conducted....C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self Employed...

  11. 76 FR 10942 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-02-28

    ... Small Business/Self Employed Correspondence Exam Toll Free Project Committee AGENCY: Internal Revenue... Panel Small Business/ Self Employed Correspondence Exam Toll Free Project Committee will be conducted....C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self Employed...

  12. Open Praxis, volumen 4 issue 1

    Directory of Open Access Journals (Sweden)

    Editor Open Praxis

    2010-03-01

    Full Text Available - Correlation between Performance and Quality of Academic Staff in National Open University of Nigeria (NOUN Olubiyi Adeniyi Adewale, Timothy Olugbenga Ajadi & Juliet O.Inegbedion (1-7 - Benchmarking E-Learning in UK Universities: Lessons from and for the International Context Paul Bacsich (9-17 - Structural equation modelling of factors affecting success in student’s performance in ODL-Programs: Extending Quality Management concepts Per Bergamin, Simone Ziska & Rudolf Groner (18-25 - Quality Assurance in Open and Distance Learning in India S.K. Gandhe (26-32 - Leading innovative approaches to the financial crisis Sarah Guri-Rosenblit (33-38 - TOWARDS KNOWLEDGE BASED ECONOMIES - the contribution of open distance learning strategies in addressing equity and inclusiveness issues in small states like Mauritius Jheengut (39-63 - New Approaches to Quality Assurance in the Changing World of Higher Education Maria Jose Lemaitre (64-75 - Entrepreneurship: New Challenges for Higher Education Institutions Josep Lladós (76-87 - A Psychometric Study in the Performance of Distance learners Ravi K Mahajan (88-94 - Managing Quality Assurance for Distance Learning Programs in Malaysia Mohd Ismail Ramli (95-101 - Employability and lifelong learning Hazel Simmons-McDonald (102-113

  13. The open prototype for educational NanoSats: Fixing the other side of the small satellite cost equation

    Science.gov (United States)

    Berk, Josh; Straub, Jeremy; Whalen, David

    Government supported nano-satellite launch programs and emerging commercial small satellite launch services are reducing the cost of access to space for educational and other CubeSat projects. The cost and complexity of designing and building these satellites remains a vexing complication for many would be CubeSat aspirants. The Open Prototype for Educational NanoSats (OPEN), a proposed nano-satellite development platform, is described in this paper. OPEN endeavors to reduce the costs and risks associated with educational, government and commercial nano-satellite development. OPEN provides free and publicly available plans for building, testing and operating a versatile, low-cost satellite, based on the standardized CubeSat form-factor. OPEN consists of public-domain educational reference plans, complete with engineering schematics, CAD files, construction and test instructions as well as ancillary reference materials relevant to satellite building and operation. By making the plan, to produce a small but capable spacecraft freely available, OPEN seeks to lower the barriers to access on the other side (non-launch costs) of the satellite cost equation.

  14. 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.

  15. 76 FR 17996 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-03-31

    ... Small Business/Self Employed Correspondence Exam Toll Free Project Committee AGENCY: Internal Revenue... Small Business/ Self Employed Correspondence Exam Toll Free Project Committee will be conducted. The... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Small Business/Self...

  16. 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.

  17. 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.

  18. Environmental issues elimination through circular economy

    Science.gov (United States)

    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.

  19. Visualization study of helium-air counter flow through a small opening

    International Nuclear Information System (INIS)

    Fumizawa, Motoo

    2007-01-01

    Buoyancy-driven counter flows of helium-air were investigated through horizontal and inclined small openings. Counter flows may occur following a window opening as ventilation, fire in the room as well as a pipe rupture accident in a high temperature gas-cooled nuclear reactor. The experiment has carried out by a test chamber filled with helium and flow was visualized by the smoke wire method. The flow behavior has recorded by a high-speed camera with a computer system. The image of the flow was transferred to the digital data, thus the flow velocity was measured by PTV software. The mass fraction in the test chamber was measured by electronic balance. The detected data was arranged by the densimetric Floude number of the counter flow rate that derived from the dimensional analysis. The method of mass increment was developed and applied to measure the counter flow rate. By removing the cover plate placed on the top of the opening, the counter flow initiated. Air enters the test chamber and the mass of the gas mixture in the test chamber increased. The volumetric counter flow rate was evaluated from the mass increment data. In the case of inclination openings, the results of both methods were compared. The inclination angle for maximum densimetric Floude number decreased with increasing length-to-diameter ratio of the opening. For a horizontal opening, the results from the method of mass increment agreed with those obtained by other authors for a water-brine system. (author)

  20. 75 FR 33893 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-06-15

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  1. 75 FR 55405 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-09-10

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  2. 75 FR 25317 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Issue Committee

    Science.gov (United States)

    2010-05-07

    ... Small Business/Self Employed Issue Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Issue Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and...

  3. 75 FR 18957 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-04-13

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  4. 75 FR 47348 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-08-05

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  5. 75 FR 62630 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-10-12

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  6. 75 FR 7539 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-02-19

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  7. 75 FR 11999 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-03-12

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  8. 75 FR 39331 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-07-08

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  9. 75 FR 4140 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Project Committee

    Science.gov (United States)

    2010-01-26

    ... Small Business/Self Employed Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Small Business/ Self Employed Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and...

  10. 76 FR 17995 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam...

    Science.gov (United States)

    2011-03-31

    ... Small Business/Self Employed Correspondence Exam Practitioner Engagement Project Committee AGENCY... Taxpayer Advocacy Panel Small Business/ Self Employed Correspondence Exam Practitioner Engagement Project... Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the...

  11. Collaborative Economy

    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...

  12. Sustaining “Lilliputs” in the Global Knowledge-Based Economy: Prospects for Micro, Small, and Medium-Scale Enterprises in the Developing World

    OpenAIRE

    Maria Divina Gracia Z. Roldan

    2015-01-01

    Micro, small, and medium-scale enterprises (MSMEs) comprise bulk of business entities in the developing world. Their contribution is seen in terms of employment generation and capital formation. Seen as the engine of growth in present knowledge-based economies, MSMEs play a crucial role in the economic sustainability of Asian developing countries. This paper discusses the role of MSMEs in Asia, with the Philippines as a case in point. It examines issues and challenges these enterprises face, ...

  13. A perspective on open innovation in small- and medium-sized enterprises in South Africa, and design requirements for an open innovation approach

    Directory of Open Access Journals (Sweden)

    Krause, Willie

    2015-05-01

    Full Text Available This paper provides key results from an exploratory research study aimed at understanding the current landscape in small- and medium-sized enterprises (SMEs in South Africa with regard to their appetite for, and use of, open innovation. The survey, which was conducted within a contained group of SMEs that belong to business network groups on LinkedIn, explored the current use and perception of open innovation. It was found that collaboration is the approach most preferred by the SMEs surveyed, with customers and suppliers as their preferred innovation partners. Based on the findings of the survey, this paper proposes 25 design requirements, grouped into five functional categories, for an open innovation approach. The design requirements have been developed as a primer to a more complete open innovation approach for SMEs.

  14. Factors Influencing the Adoption of Cloud Computing by Small and Medium Enterprises (SMEs) in Developing Economies

    DEFF Research Database (Denmark)

    Yeboah-Boateng, Ezer Osei; Essandoh, Kofi Asare

    2014-01-01

    The key motivation of this paper is to assess the factors which influence small and medium enterprises (SMEs) in a developing economy to adopt cloud computing. Recently, service providers offering a wide range of cloud-based ICT solutions to businesses have emerged into prominence. However......, competence of cloud vendors, resistance to new technology, compatibility and existence of IT infrastructure are realized as key factors influencing cloud computing adoption. These findings will go a long way in helping service providers and technology policymakers to develop solutions and strategies...... communication, scalability and business continuity as the main drivers of cloud adoption, whereas lack of knowledge, poor internet connectivity, security of cloud services, lack of trust and interoperability with existing systems were identified as barriers to adoption. Top management support, trialability...

  15. Successes and Challenges of Emerging Economy Multinationals

    DEFF Research Database (Denmark)

    Successes and Challenges of Emerging Economy Multinationals investigates a broad variety of cases presenting clear evidence of fast successful internationalization of emerging economy multinationals originating not only from big economic players such as China, India and Russia but also from other...... successfully internationalizing emerging countries, namely South Africa and Poland. In terms of size, the firms vary from huge multinational firms such as Huawei, Tata and Gazprom, to really small high technology firms. The in-depth analysis conducted in this book leads to the indication of numerous novel...

  16. The green economy mirage? Examining the environmental implications of low-carbon growth plans in Taiwan

    NARCIS (Netherlands)

    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

  17. Openness of Innovation in Services and Software - Essays on Service Innovations, Open Source, and Hybrid Licensing Models

    OpenAIRE

    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...

  18. 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.

  19. Open and continuous fermentation: products, conditions and bioprocess economy.

    Science.gov (United States)

    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.

  20. 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 ...

  1. Does Public Investment Boost Economic Growth? Evidence from An Open-Economy Macro Model for India

    OpenAIRE

    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...

  2. Adapting smart specialisation to a micro-economy – the case of Malta

    OpenAIRE

    Georghiou, Luke; Uyarra, E.; Saliba Scerri, R.; Castillo, N.; Cassingena Harper, J.

    2014-01-01

    Purpose– The purpose of this paper is to set out the process by which a smart specialisation strategy was developed for a small, peripheral economy in the European Union, the Republic of Malta. It assesses the applicability of the approach in the context of a micro-economy with an industrial structure based on a small number of foreign direct investments and a predominance of micro-enterprises.Design/methodology/approach– The paper follows an action research approach by presenting as a case s...

  3. Impact of Top Management Team on Firm Performance in Small and Medium-Sized Enterprises Adopting Commercial Open-Source Enterprise Resource Planning

    Science.gov (United States)

    Cereola, Sandra J.; Wier, Benson; Norman, Carolyn Strand

    2012-01-01

    Based on the large number of small and medium-sized enterprises (SMEs) in the United States, their increasing interest in enterprise-wide software systems and their impact on the US economy, it is important to understand the determinants that can facilitate the successful implementation and assimilation of such technology into these firms' daily…

  4. Fuel economy of hybrid fuel-cell vehicles

    Science.gov (United States)

    Ahluwalia, Rajesh K.; Wang, X.; Rousseau, A.

    The potential improvement in fuel economy of a mid-size fuel-cell vehicle by combining it with an energy storage system has been assessed. An energy management strategy is developed and used to operate the direct hydrogen, pressurized fuel-cell system in a load-following mode and the energy storage system in a charge-sustaining mode. The strategy places highest priority on maintaining the energy storage system in a state where it can supply unanticipated boost power when the fuel-cell system alone cannot meet the power demand. It is found that downsizing a fuel-cell system decreases its efficiency on a drive cycle which is compensated by partial regenerative capture of braking energy. On a highway cycle with limited braking energy the increase in fuel economy with hybridization is small but on the stop-and-go urban cycle the fuel economy can improve by 27%. On the combined highway and urban drive cycles the fuel economy of the fuel-cell vehicle is estimated to increase by up to 15% by hybridizing it with an energy storage system.

  5. Intertwining lives and logics: Household and informal economies in Cape Town

    Directory of Open Access Journals (Sweden)

    Sophie Oldfield

    2014-07-01

    Full Text Available Enabling households to make ends meet, the practices of small, informal businesses are not simple, but bound up in the struggles of households and the social and economic relationships that weave local economies together. This paper draws on stories of local businesses in an impoverished Cape Town township to situate these diverse logics and strategies, the histories and aspirations that shape small business success and struggle. Drawing on interviews and mapping every informal sector business in the neighbourhood, I reflect on the specific difficulties of running a business in the context of poverty, including unreliable and inadequate incomes, difficulties of credit, as well as the challenges of operating business on a small scale. This material demonstrates the community-based, as well as livelihood, logics that motivate local business owners as well as sustain their livelihoods. The paper concludes with an argument that the neighbourhood economy, instead of a vehicle driven primarily to maximize profit, forms an intimate part of peoples’ lives. This more multifaceted and embedded analysis stretches overly narrow notions of the informal economy, its limits and logics.

  6. Flow visualization and velocity measurement in a small-scale open channel using an electron microscope

    International Nuclear Information System (INIS)

    Yasuda, K; Sogo, M; Iwamoto, Y

    2013-01-01

    The present note describes a method for use in conjunction with a scanning electron microscope (SEM) that has been developed to visualize a liquid flow under a high-level vacuum and to measure a velocity field in a small-scale flow through an open channel. In general, liquid cannot be observed via a SEM, because liquid evaporates under the high-vacuum environment of the SEM. As such, ionic liquid and room temperature molten salt having a vapor pressure of nearly zero is used in the present study. We use ionic liquid containing Au-coated tracer particles to visualize a small-scale flow under a SEM. Furthermore, the velocity distribution in the open channel is obtained by particle tracking velocimetry measurement and a parabolic profile is confirmed. (technical design note)

  7. 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.

  8. THE PROBLEM OF QUANTIFYING THE UNDERGROUND ECONOMY: APPLYING THE METHOD OF METERED RESOURCES

    Directory of Open Access Journals (Sweden)

    Galina ULIAN

    2013-12-01

    Full Text Available The Underground Economy is a „shadow” of the real economy, endowed with elastic properties: it can be large, small (although not null based on the specifics of a country, its leaders, economic and legal policies. In relation to the real economy, which is monitored by authorities, the underground economy is usually in a state of growth. In this context, methodologically-practical developments for quantitative estimation of unofficial economic activities are of interest. The problem is generated by a lack of a statistical accounting system, a system of economical indicators in the real economy that would serve as basis for a quantitative estimate of indicators pertaining to the underground economy.

  9. Collaborative Economy

    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...

  10. Collaborative Economy

    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...

  11. Sediment depositions upstream of open check dams: new elements from small scale models

    Science.gov (United States)

    Piton, Guillaume; Le Guern, Jules; Carbonari, Costanza; Recking, Alain

    2015-04-01

    Torrent hazard mitigation remains a big issue in mountainous regions. In steep slope streams and especially in their fan part, torrential floods mainly result from abrupt and massive sediment deposits. To curtail such phenomenon, soil conservation measures as well as torrent control works have been undertaken for decades. Since the 1950s, open check dams complete other structural and non-structural measures in watershed scale mitigation plans1. They are often built to trap sediments near the fan apexes. The development of earthmoving machinery after the WWII facilitated the dredging operations of open check dams. Hundreds of these structures have thus been built for 60 years. Their design evolved with the improving comprehension of torrential hydraulics and sediment transport; however this kind of structure has a general tendency to trap most of the sediments supplied by the headwaters. Secondary effects as channel incision downstream of the traps often followed an open check dam creation. This sediment starvation trend tends to propagate to the main valley rivers and to disrupt past geomorphic equilibriums. Taking it into account and to diminish useless dredging operation, a better selectivity of sediment trapping must be sought in open check dams, i.e. optimal open check dams would trap sediments during dangerous floods and flush them during normal small floods. An accurate description of the hydraulic and deposition processes that occur in sediment traps is needed to optimize existing structures and to design best-adjusted new structures. A literature review2 showed that if design criteria exist for the structure itself, little information is available on the dynamic of the sediment depositions upstream of open check dams, i.e. what are the geomorphic patterns that occur during the deposition?, what are the relevant friction laws and sediment transport formula that better describe massive depositions in sediment traps?, what are the range of Froude and Shields

  12. "I've Never Heard of It Before": Awareness of Open Access at a Small Liberal Arts University

    Science.gov (United States)

    Kocken, Gregory J.; Wical, Stephanie H.

    2013-01-01

    Small colleges and universities, often late adopters of institutional repositories and open access initiatives, face challenges that have not fully been explored in the professional literature. In an effort to gauge the level of awareness of open access and institutional repositories at the University of Wisconsin-Eau Claire (UWEC), the authors of…

  13. 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...

  14. 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.

  15. Openness And Inflation: Evidence From The Seven Largest Latin American Economies

    OpenAIRE

    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...

  16. Oil price fluctuations and Singapore economy

    International Nuclear Information System (INIS)

    Youngho Chang; Joonfong Wong

    2003-01-01

    This study finds that the impact of an oil price shock on the Singapore economy is marginal. Both impulse response and variance decomposition analysis provide reasonable grounds to believe that the impact only had an insignificant adverse effect on Singapore's gross domestic product (GDP), inflation and unemployment rates. Further analysis on two oil vulnerability measures supports the finding: the declining trend of oil intensity in Singapore since 1989 and the declining shares of the Singapore's expenditure on oil consumption as a percentage of its nominal GDP. This study identifies, however, that the impact of an oil price shock on the Singapore economy should not be considered negligible even though it is small. (Author)

  17. Oil price fluctuations and Singapore economy

    International Nuclear Information System (INIS)

    Chang Youngho; Wong, Joon Fong

    2003-01-01

    This study finds that the impact of an oil price shock on the Singapore economy is marginal. Both impulse response and variance decomposition analysis provide reasonable grounds to believe that the impact only had an insignificant adverse effect on Singapore's gross domestic product (GDP), inflation and unemployment rates. Further analysis on two oil vulnerability measures supports the finding: the declining trend of oil intensity in Singapore since 1989 and the declining shares of the Singapore's expenditure on oil consumption as a percentage of its nominal GDP. This study identifies, however, that the impact of an oil price shock on the Singapore economy should not be considered negligible even though it is small

  18. China’s new-age small farms and their vertical integration: agribusiness or co-ops?

    Science.gov (United States)

    Huang, Philip C C

    2011-01-01

    The future of Chinese agriculture lies not with large mechanized farms but with small capital-labor dual intensifying family farms for livestock-poultry-fish raising and vegetable-fruit cultivation. Chinese food consumption patterns have been changing from the old 8:1:1 pattern of 8 parts grain, 1 part meat, and 1 part vegetables to a 4:3:3 pattern, with a corresponding transformation in agricultural structure. Small family-farming is better suited for the new-age agriculture, including organic farming, than large-scale mechanized farming, because of the intensive, incremental, and variegated hand labor involved, not readily open to economies of scale, though compatible with economies of scope. It is also better suited to the realities of severe population pressure on land. But it requires vertical integration from cultivation to processing to marketing, albeit without horizontal integration for farming. It is against such a background that co-ops have arisen spontaneously for integrating small farms with processing and marketing. The Chinese government, however, has been supporting aggressively capitalistic agribusinesses as the preferred mode of vertical integration. At present, Chinese agriculture is poised at a crossroads, with the future organizational mode for vertical integration as yet uncertain.

  19. 78 FR 7859 - Notice of Open Public Hearing

    Science.gov (United States)

    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...

  20. Role of University-Industry-Government Linkages in the Innovation Processes of a Small Catching-Up Economy

    Science.gov (United States)

    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…

  1. MONETARY POLICY AND INFLATION TARGETING IN A SMALL OPEN ECONOMY

    Directory of Open Access Journals (Sweden)

    Antoni Antoni

    2011-09-01

    Full Text Available The danger of inflation has been the focus of many central banks. This paper analyzes the transmission mechanism of monetary policy and inflation targeting in Malaysia with a backward-looking aggregate supply and demand analysis. The manage floating regime applied in the country has an important role in achieving a stable exchange rate against its major trading partners. It also analyzes the policy of maintaining the soundness of interest rate to perceive inflation targeting to increase its economic growth. Using 1991-2004 data and a traditional structural econometric model, it shows that output gap is important in forecasting a domestic inflation rate by controlling the interest rate.  Keywords: Inflation targeting, monetary economics, structural econometric modelJEL classification numbers: E3, E52

  2. 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.

  3. 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.

  4. Organisational culture as a part in the development of open innovation - the perspective of small and medium-sized enterprises

    Directory of Open Access Journals (Sweden)

    Szymańska Katarzyna

    2016-05-01

    Full Text Available The ability to introduce various concepts and business models is nowadays a prerequisite of creating a competitive advantage. This is to a large extent closely linked to the ability of enterprises to create, implement and disseminate a variety of innovative solutions. Today the use of open innovation is a necessity. This applies not only to large organisations, but also to small and medium-sized enterprises. In order to implement open innovation, small and medium-sized enterprises need to effectively manage their own growth through the preparation of appropriate strategies and the development of a model that encompasses all changes, taking into account a number of factors related to the growth dynamics of this sector. It is understood that an appropriate organisational culture plays an important role in the implementation of innovation in the sector of small and medium-sized enterprises. There are many indications that a cultural mismatch and misunderstanding are the main reasons for major problems related to the low level of implementation of innovation by small and medium-sized enterprises. The aim of the paper is to outline the issue of the impact of organisational culture on the development of the concept of open innovation in the sector of small and medium-sized enterprises.

  5. Program-target methods of management small business

    Directory of Open Access Journals (Sweden)

    Gurova Ekaterina

    2017-01-01

    Full Text Available Experience of small businesses in Russia are just beginning their path to development. difficulties arise with the involvement of small businesses in the implementation of government development programmes. Small business in modern conditions to secure a visible prospect of development without the implementation of state support programmes. Ways and methods of regulation of development of the market economy are diverse. The total mass of the huge role is played by the program-target methods of regulation. The article describes the basic principles on the use of program-target approach to the development of a specific sector of the economy, as small businesses, designed to play an important role in getting the national economy out of crisis. The material in this publication is built from the need to maintain the connection between the theory of government regulation, practice of formation of development programs at the regional level and the needs of small businesses. Essential for the formation of entrepreneurship development programmes is to preserve the flexibility of small businesses in making management decisions related to the selection and change of activities.

  6. SmartFactory: The challenges of open and low cost ICT in the small manufacturing industry

    CSIR Research Space (South Africa)

    Bosscha, PA

    2006-07-01

    Full Text Available planning (ERP) and customer relation- ship management (CRM) levels, are employed with varying degrees of success in complex plants and large corporations. The high costs associated with such systems, however, put them beyond the reach of small... ICT’ is defined as: ? open source software, such as Linux, FreeBSD,5 Mobile Mesh,6 PostgreSQL,7 Apache web server,8 and Compiere ERP+CRM;9 ? communications and computing equipment that comply with open standards such as 802.11b,10 Internet Protocol...

  7. 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.

  8. Comparison between response dynamics in transition economies and developed economies

    Science.gov (United States)

    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.

  9. 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

  10. The impact on advanced economies of north-south trade in manufacturing and services

    Directory of Open Access Journals (Sweden)

    Robert Rowthorn

    2005-04-01

    Full Text Available Many types of production are being transferred from the rich economies of the North to the poorer economies of the South. Such changes began in manufacturing but are now spreading to services. This paper provides estimates of their past and future impact on employment in the North. About 5 million manufacturing jobs have been lost over the past decade because of trade with low-wage economies. A similar number of service jobs may be lost to low-wage economies over the next decade. Although small compared to total employment, such losses may seriously harm certain localities or types of worker.

  11. New vehicle fuel economy in the UK: Impact of the recession and recent policies

    International Nuclear Information System (INIS)

    Wadud, Zia

    2014-01-01

    Interests in vehicle fuel economy have increased in the past few years with the implementations of more stringent CAFE standard in USA and mandatory carbon emission standard in the EU. We seek to understand the effects of recent policies such as restructuring of Vehicle Excise Duties and EU standard on new vehicle fuel economy in the UK. In the past few years there have been substantial fluctuations in income and fuel prices, offering an interesting testing ground to understand their impact on the demand for fuel economy in vehicles. We use a monthly dataset to find that the emission standard is the largest driver for fuel economy improvements in recent years. Also, contrary to some recent findings in Europe and in UK, we find that income has an effect and that the recession had some role in improving the fuel economy. The effects of fuel prices were relatively small. Restructuring of the VED also improved new vehicle fuel economy in the UK, but the scrappage scheme had no significant effect. Results indicate that both supply and demand side policies are effective in improving fuel economy, although quantitatively the emission standard appears more effective due to its stringency. It is also important to consider the effects of income while devising demand side policies. - Highlights: • Econometric modelling and simulation of new vehicle fuel economy in UK. • EU carbon standard is the largest reason behind improving fuel economy. • Recession and associated reduction in income also had a role. • Fuel price has some impact on new car fuel economy, but small. • VED restructuring had an impact, but scrappage scheme's impact was insignificant

  12. O modelo IS-LM-EE para economias abertas e distinções dos efeitos para as economias nacionais The IS-LM-EE model for open economies and particular effects on the national economies

    Directory of Open Access Journals (Sweden)

    Gustavo Inácio de Moraes

    2011-04-01

    Full Text Available O meio ambiente tem-se tornado uma crescente fonte de preocupações e o debate acerca das incompatibilidades entre crescimento econômico e preservação ambiental está muito distante de findar. Dentro desse contexto, diversas propostas de incorporação das restrições ambientais na macroeconomia foram feitas, sendo o modelo IS-LM-EE um dos mais interessantes. Sua grande limitação, entretanto, provém do fato de ele ter sido construído para economias fechadas. Quando utilizado para economias abertas, os resultados são completamente distintos na medida em que os países em desenvolvimento e desenvolvidos estão em situação oposta à exploração dos recursos naturais. Nesse sentido, há uma acentuada diferença entre eles quanto à adoção de políticas e às respostas aos choques econômicos, diferença essa ampliada quando as restrições ambientais são levadas em consideração, principalmente, no caso dos choques exógenos derivados do comércio internacional.The environment is a growing source of concern and the debate on the incompatibilities between economic growth and environmental conservation is far from over. In this context, a number of proposals for introducing environmental restrictions into macroeconomics have been made, the IS-LM-EE model being the most interesting one. However, this model has a serious limitation insofar as it was built for closed economies. When this model is used for open economies, the outcome differs greatly, given that developing and developed economies show major differences with respect to the exploitation of natural resources. There are considerable differences between them with respect to policies to be adopted as well as solutions required to combat economic shocks. These differences intensify when environmental restrictions are taken into consideration, principally in the case of exogenous shocks resulting from international trade.

  13. Finnish economy and alternatives available to the forest sector

    International Nuclear Information System (INIS)

    Maeenpaeae, I.; Maennistoe, J.

    1993-01-01

    The effects of the development of the forest sector on the development trends of Finnish national economy are analysed in this report. The analysis extends to the year 2005. Factors taken as indicators of the economic development are gross national product, total exports, employment, energy and carbon dioxide emissions. The impact analyses were performed using the FMS model system which contains a multi-branch econometric simulation model which can be used to provide a long-term analysis of the national economy. A disaggregated forest economy sector was developed for use in the system. The most significant outcome of the forest economy sensitivity analyses was that any expansion in highly refined timber products will contribute more profoundly to the expansion of the entire economy than chemical wood processing could, as the capital investments required by the latter tend to absorb and replace other economic activities. As far as comprehensive development scenarios are concerned, only small-scale effects were observed in the case of the gross national product, due to the replacement effect. On the other hand, expansion was predicted to have a profound effect on energy consumption and carbon dioxide emissions in the country's total economy, particularly as regards the extreme scenarios (12 refs., 6 tabs., 1 fig.)

  14. Knowledge Economy

    OpenAIRE

    Kerr, Aphra; O Riain, Sean

    2009-01-01

    We examine a number of key questions regarding this knowledge economy. First, we look at the origin of the concept as well as early attempts to define and map the knowledge economy empirically. Second, we examine a variety of perspectives on the socio-spatial organisation of the knowledge economy and approaches which link techno-economic change and social-spatial organisation. Building on a critique of these perspectives, we then go on to develop a view of a knowledge economy that is conteste...

  15. The political economy of railway construction in Nigeria: the Bornu ...

    African Journals Online (AJOL)

    The political economy of railway construction in Nigeria: the Bornu railway extension. ... One key strategy employed was to side with the faction of the Nigerian petty bourgeoisie whose political, economic and class interests were in agreement with ... The 400-mile extension was eventually constructed and opened in 1964.

  16. The Air Transportation Policy of Small States: Meeting the Challenges of Globalization

    Science.gov (United States)

    Antoniou, Andreas

    2001-01-01

    The air transport policies of small states are currently at a crossroad. Policy makers in these countries are facing a difficult dilemma: either follow the general trend of liberalization and pay the high cost of the resulting restructuring or maintain the existing regulatory and ownership structures at the risk of isolation thus undermining the viability and sustainability of their air transport sector and their economies in general. This paper proposes to explore the broad issues raised by this difficult dilemma, to outline its special significance in the context of small states and to delineate the options opened to the economic policymakers; in these states. After a brief note on the method of research, we sketch the main elements of the international air transport industry in which the airlines of small states are called upon to act. We then propose to review the main features of the analytical framework of this debate as it pertains to the special circumstances of these states. Then we focus on the challenges facing the airlines of Small States, while the next section proposes a number of the alternative policy options open to the policy makers in these states. The main conclusions are drawn in the final section.

  17. GLOBALIZATION AND ITS IMPACT ON INDIAN ECONOMY

    OpenAIRE

    Raghunath

    2017-01-01

    Globalization means different things to different people. It can be defined simply as an expansion of economic activities across political boundaries of nation states. More importantly it refers to a process of deepening economic integration, increasing economic openness and growing economic interdependence between countries in the world economy. It is associated not only with a phenomenal spread and volume of cross-border economic transactions but also with an organization of economic activi...

  18. The Knowledge Economy and Higher Education: Rankings and Classifications, Research Metrics and Learning Outcomes Measures as a System for Regulating the Value of Knowledge

    Science.gov (United States)

    Marginson, Simon

    2009-01-01

    This paper describes the global knowledge economy (the k-economy), comprised by (1) open source knowledge flows and (2) commercial markets in intellectual property and knowledge-intensive goods. Like all economy the global knowledge economy is a site of production. It is also social and cultural, taking the form of a one-world community mediated…

  19. Case study of open-source enterprise resource planning implementation in a small business

    Science.gov (United States)

    Olson, David L.; Staley, Jesse

    2012-02-01

    Enterprise resource planning (ERP) systems have been recognised as offering great benefit to some organisations, although they are expensive and problematic to implement. The cost and risk make well-developed proprietorial systems unaffordable to small businesses. Open-source software (OSS) has become a viable means of producing ERP system products. The question this paper addresses is the feasibility of OSS ERP systems for small businesses. A case is reported involving two efforts to implement freely distributed ERP software products in a small US make-to-order engineering firm. The case emphasises the potential of freely distributed ERP systems, as well as some of the hurdles involved in their implementation. The paper briefly reviews highlights of OSS ERP systems, with the primary focus on reporting the case experiences for efforts to implement ERPLite software and xTuple software. While both systems worked from a technical perspective, both failed due to economic factors. While these economic conditions led to imperfect results, the case demonstrates the feasibility of OSS ERP for small businesses. Both experiences are evaluated in terms of risk dimension.

  20. SUSTAINABLE GROWTH: RECENT TRENDS ACROSS CENTRAL AND EASTERN EUROPEAN ECONOMIES

    Directory of Open Access Journals (Sweden)

    Mihut Ioana

    2014-07-01

    Full Text Available What is economic growth? Although the answer to this question may seems of real simplicity, developing an accurate definition of this concept may constitute a real challenge both from a theoretical but also empirical point of view. This constant debate upon the concept of economic growth as well as indentifying the optimum set of instruments for quantifying it, constituted the starting point of the current article. The concept of economic growth is used nowadays complementary to terms like economic development, economic welfare or economic progress with reference to this complex process that implies macro-scale structures. Moreover indentifying the main factors that generate a significant impact upon the dynamics of the economic growth process, constitute a useful approach taking into consideration the high degree of heterogeneity that characterize the architecture of the economies around the world. If we develop this analysis across the European Union member states this debate became even more challenging due to the high degree of diversity that characterize these economies. Moreover, the Central and Eastern European countries and especially the ones that joined EU in 2004 and 2007 embody a set of particularities that make them extremely different from the rest of the European Union member states, features related to the historical background, economic policies and common efforts to intensify the convergence process with the more developed EU members. This paper studies the impact of two main factors upon the economic growth process namely an endogenous-exogenous factor like the degree of openness and an endogenous factor like the human capital using a complex dynamic panel method. The arguments that were in favour of choosing this two factors are on one hand the multitude of theoretical studies that argued the importance of them in modelling the economic growth process and on the other hand the small number of studies that use panel methods in

  1. The Generative Mechanisms of Open Government Data

    DEFF Research Database (Denmark)

    Jetzek, Thorhildur; Avital, Michel; Bjørn-Andersen, Niels

    2013-01-01

    The exponentially growing production of data enables global connectivity as well as increased openness and sharing, which turn into a powerful force that is changing the global economy and society. Governments around the world have become active participants in this evolution by opening up...... their data for access and re-use by public and private agents alike. The recent phenomenon of Open Government Data (OGD) has spread around the world, driven by the proposition that opening government data has the ability to generate both economic and social value. However, a review of the academic research...

  2. UNDERGROUND ECONOMY, INFLUENCES ON NATIONAL ECONOMIES

    Directory of Open Access Journals (Sweden)

    CEAUȘESCU IONUT

    2015-04-01

    Full Text Available The purpose of research is to improve the understanding of nature underground economy by rational justification of the right to be enshrined a reality that, at least statistically, can no longer be neglected. So, we propose to find the answer to the question: has underground economy to stand-alone?

  3. Macroeconomic Analysis and Graphical Interpretation of Azerbaijan Economy in 1991-2012

    Directory of Open Access Journals (Sweden)

    Khatai ALIYEV

    2015-04-01

    Full Text Available The aim of this research is to analyze macroeconomic performance and discuss transition indicators in Azerbaijan economy for 1991-2012. After regaining independence in 1991, Azerbaijan implemented economic transition process toward market economy. In the first years of independence, serious economic recession was observed. However, after 1995, the restructuring of the economy started. In this sense, signing the “Contract of the Century” was a turning point toward oil based high speed economic growth or oil boom period. Thus, by opening “Baku-Tbilisi-Ceyhan” pipeline in 2005, Azerbaijan’s macroeconomic indicators experienced considerable growth for the following years. On the other hand, Azerbaijan officially declared the end of economic transition process in its economy in 2009. In this paper, the authors discuss the political-economic and economic process in the whole period as well as analyze the macroeconomic performance with and without oil & gas contribution. In addition, the authors question what would happen if economic transition period ended in Azerbaijan’s economy. It is concluded that oil & gas production has a serious impact over macroeconomic indicators and transition indicators, and for Azerbaijan it implies only a partly end of economic transition, though not completely.

  4. The Knowledge Economy: the Socio-Humanitarian Development Factors and Regional Aspects

    Directory of Open Access Journals (Sweden)

    Turskyy Ihor V.

    2017-08-01

    Full Text Available The article discusses the socio-humanitarian factors in the development of small and medium-sized businesses at the current stage, in terms of the origins of the knowledge economy phenomenon. The conception of unconditional basic income was considered as a factor. Other concepts of the knowledge economy were analyzed: the paradigm of the economy of abundance, the «End of History» by F. Fukuyama – as the most perfect form of social organization, and the Toffler's wave theory; as well as the information civilization and the information society. On the basis of today’s most popular concepts of knowledge economy, a comprehensive model for the interaction of socio-humanitarian factors in the knowledge economy has been proposed. The excessive massing factor has been recognized as a major negative sociocultural factor in the regional and business development of our State. It has been concluded that the basic criterion for development of the knowledge economy, which is common to most modern theories, is a creative person working in an environment where most of its needs are satisfied.

  5. Linear Economy Versus Circular Economy: A Comparative and Analyzer Study for Optimization of Economy for Sustainability

    Directory of Open Access Journals (Sweden)

    Sariatli Furkan

    2017-05-01

    Full Text Available Upon visiting the existing literature on the subject of linear vs. circular economy, this paper finds that, the blueprint of the current economy is hardly sustainable by using the comparative benchmarking method that drained from literature. The intrinsic mechanics of the linear economy, by relying on the wasteful take - make - dispose flow, is detrimental to the environment, cannot supply the growing populace of our planet with essential services and it naturally leads to strained profitability. Elements of a plausible solution to the challenges have been around for decades, although they have only recently been compiled in to the conceptual framework of circular economy. The core ideas of Circular Economy are elimination of waste by design, respect for the social, economic and natural environment and resource-conscious business conduct. Built on the backbone of these principles, the circular economy has demonstrated to deliver tangible benefits and viability to address the economic, environmental and social challenges of our days.

  6. China and India: Openness, Trade and Effects on Economic Growth

    Directory of Open Access Journals (Sweden)

    Marelli, Enrico

    2011-06-01

    Full Text Available The purpose of this paper is to analyse the economic growth of China and India in terms of their integration in the global economy. We begin with a discussion of some stylized facts concerning their recent economic growth, the most significant institutional reforms, with particular reference to trade relations, and their impact on their economic development. We then propose a descriptive analysis of economic growth, opening up of the economies and trade specialisation, by comparing the features and trends of the two countries (by considering trade and foreign direct investment data. We have also estimated some econometric relations between economic growth and trade/openness, with the addition of control variables (such as the gross fixed capital formation. We initially used a panel data model for the two countries, to be estimated with fixed effects; to test for reverse causality, we re-estimated the fixed effects model by 2SLS (with the inclusion of specific instrumental variables. The effect on economic growth (in terms of GDP per capita of our variables of interest - Openness and FDI - remains positive and statistically significant in all specifications, which confirms our findings even if we treat these variables as endogenous variables. The results prove the positive growth effects, for the two countries, of opening up and integrating in the world economy. Note that the robust growth of these two "giants" has contained the initial impact of the recent global crisis and is now sustaining the recovery of the entire world economy. Other policy relevant implications are discussed in the concluding section.

  7. Open Data for Public Policy in Latin America and the Caribbean ...

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

    Understanding an increasingly complex knowledge economy demands ... to Open Data have shown that disseminating data over the Internet via open, accessible and structured formats has the potential to transform the way data are created, ...

  8. 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.

  9. Thriving locally in the global economy.

    Science.gov (United States)

    Kanter, Rosabeth Moss

    2003-08-01

    More and more small and midsize companies are joining corporate giants in striving to exploit international growth markets. At the same time, civic leaders worry about their communities' economic future in light of the impact of global forces on the operation and survival of business. How can communities retain local vitality yet still link their business to the global economy? Harvard professor Rosabeth Moss Kanter addresses that question in this classic HBR article, orginally published in 1995. To avoid a clash between international economic interests and local political interests, globalizing business must learn how to be responsive to the communities in which they operate, Kanter says. And communities must determine how to create a civic culture that will attract and retain footloose companies. The author surveyed five U.S. regions with direct connections to the global economy--Boston, Cleveland, Miami, Seattle, and the Spartanburg-Greenville region of South Carolina--to determine their business and civic leader's strategies for improving their constituent's quality of life. She identified ways in which the global economy can work locally by capitalizing on the resources that distinguish one place from another. Kanter argues that regions can invest in capabilities that connect their local populations to the global economy in one of three ways: as thinkers, makers, or traders. She points to the Spartanburg-Greenville region as a good example of a world-class makers, with its exceptional blue-collar workforce that has attracted more than 200 companies from 18 countries. The history of the economic development of this region is a lesson for those seeking to understand how to achieve world-class status and bring local residents into the world economy.

  10. Understanding the Drivers of an ‘Entrepreneurial’ Economy : Lessons from Japan and the Netherlands

    OpenAIRE

    Okamuro, Hiroyuki; Van Stel, André; Verheul, Ingrid

    2010-01-01

    Globalization and an increasing importance of knowledge in the production process cause many developed countries to move from a more ‘managed’ to a more ‘entrepreneurial’ economy in recent decades. In the former type of economy, large and incumbent firms play a dominant role, exploiting economies of scale in a relatively certain economic environment. In the latter type, small and new firms play an increasingly important role, introducing new products and services in highly uncertain economic ...

  11. Open heart surgery with deep hypothermic cardiopulmonary bypass and more than 90 minutes of aortic cross clamp time in 10 small dogs

    Directory of Open Access Journals (Sweden)

    Kippei Mihara

    2017-04-01

    Full Text Available No previous reports have described cardiopulmonary bypass (CPB techniques involving long aortic cross clamp (ACC times in small-breed dogs. We previously described open heart surgery under deep hypothermic CPB in small and toy dogs with an approximate ACC time limit of 1 hour, given the low success rate beyond 90 minutes of ACC time. Herein, we describe improvements in cardiac anesthesia, CPB, and cardioplegia that led to a high success rate of open heart surgery with a long ACC time in small dogs. Ten small-breed dogs with severe mitral regurgitation were subjected to mitral valve plasty that necessitated cardiopulmonary bypass (CPB beyond 90 minutes of ACC time. In the present study, all dogs survived surgery; 7 survived to discharge. In other words, we achieved a high success rate of 70% with mitral valve plasty beyond 90 minutes of ACC time (mean, 105.1 minutes: range, 90-117 minutes. For small dogs, successful open heart surgery with a long ACC time may require cardiac balanced anesthesia, CPB with increased drainage and, importantly, thorough cardioplegia without hemodilution.

  12. Landscape and zonal features of the formation of producing economy in Russia

    Science.gov (United States)

    Nizovtsev, Vyacheslav; Natalia, Erman

    2016-04-01

    there was a cattle breeding economic and cultural type of producing economy with a simplified system of natural and anthropogenic and anthropogenic landscapes involving a maximum of 4-5 natural and economic systems. In the forest-steppe zone a significant part of the population was settled in the valley landscapes. The basis of the economy was pastoral and house cattle breeding with a predominance of beef cattle and pigs and hoe-mattock agriculture, which was only possible in the floodplain landscape complexes. In the areas of permanent settlements long grazing in one place led to the complete destruction of vegetation. The forced reduction of the agricultural land areas led to significant ecologic crisis. In the forest zone, along with hunters, fishermen and gatherers there appear the first tribes, who already engaged in the forest cattle breeding. First, they raised pigs and then small and beef cattle, while hunting and fishing were of subordinate nature. Pastures were situated mainly in floodplains and lakeside lowlands which had more open spaces. It is the extensive economy of that time that can be associated with the deforestation of flood plains of rivers and lakes and the emergence of meadows. There arises a natural-economic system with floodplain cattle-breeding (agricultural geo-systems of pasture type with floodplain meadows and woodlands), which existed for a long time. In all landscape zones the character of the relationship between men and the landscape was determined by the nature of producing activity, as well as natural features of "accommodating" landscape. The formation of nature use systems and settlement patterns strictly depend on the local landscape structure. In all earlier historical periods in similar landscape (zonal) conditions the settlers had the same type of economy, thus forming the same types of natural and economic systems and similar anthropogenically transformed landscapes. The dramatic change in the nature use occurs with the

  13. Gender Wage Discrimination and Trade Openness

    OpenAIRE

    Sarra Ben Yahmed

    2012-01-01

    International trade has been expected to reduce the gender wage gap by increasing competition and thus reducing the rents that allow employers to discriminate. However, some empirical assessments find an opposite effect. We provide an explanation for the puzzling result that trade openness widens the gender wage gap under certain circumstances. This paper introduces employer taste discrimination in an open economy model with imperfect competition to shed light on the heterogeneous impacts of ...

  14. Exploring the connections between green economy and informal economy in South Africa

    Directory of Open Access Journals (Sweden)

    Suzanne Smit

    2015-11-01

    Full Text Available The notion of an inclusive green economy in the context of sustainable development and poverty eradication requires an approach that engages with the informal economy. However, the informal economy is generally ignored or undervalued in discussions on the green economy. This paper set out to bolster this argument by identifying the ways in which the green economy and the informal economy may be connected by establishing the extent to which policies and plans relating to green economy connect with the informal economy, and recognising several informal green activities. The barriers and opportunities for connecting the two spheres were also explored as well as possible ways in which such activities may be supported at different levels of organisation. In the case of South Africa, many informal green activities that contribute to sustainable livelihoods are recognised. However, issues pertaining to procedure, process and participation hinder the transition to a truly inclusive green economy.

  15. Cost-Benefit of E-Learning under ODL of Developing Economies ...

    African Journals Online (AJOL)

    Journal Home > Vol 13, No 2 (2012) >. Log in or Register to get access to full text downloads. ... Does it cost less to apply e-learning in open and distance learning (ODL) of developing economies? ... in the institutes' environment, photocopy of materials and the opportunity cost of time during working period for the student.

  16. The Position of Sub-Saharan Countries in the World Economy

    Directory of Open Access Journals (Sweden)

    Baumgartner Boris

    2016-06-01

    Full Text Available Most of the countries of sub-Saharan Africa belong to the most underdeveloped and poorest countries in the world economy. This region consists of forty-nine countries but at world GDP, world export, world import and inflow of foreign direct investment share only by small percent. There are some positive facts in the recent history of sub- Saharan Africa. Sub-Saharan Africa has grown faster than the world economy in the past ten years. The predictions are also positive. There is an expectation of another growth till the 2020. If the sub-Saharan countries want to keep the growth in the future they have to invest to infrastructure, in educational system, in research and science to make their economies more competitive.

  17. Open innovation with an effective open innovation team.

    OpenAIRE

    Vanvoorden, Jonas

    2014-01-01

    This master's thesis explores how open innovation teams can successfully support open innovation inside of an organisation. Open innovation is a paradigm introduced by Henry Chesbrough (2003) a decade ago. It expands the innovation potential of organisations by opening them up to new ways of working with external partners. To implement open innovation, many companies rely on a small group of managers named open innovation teams. Although open innovation teams can potentially be vital for impl...

  18. 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

  19. Institutional Quality, Trade Openness, and Financial Sector Development in Asia: An Empirical Investigation

    OpenAIRE

    Le, Thai-ha; Kim, Jungsuk; Lee, Minsoo

    2015-01-01

    We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in developing economies while economic growth and trade openness are key determinants of financial depth in developed economies.

  20. Human economy and natural economy

    Directory of Open Access Journals (Sweden)

    Masullo Andrea

    2014-03-01

    Full Text Available The decline of economy is due to its dependency from a virtual value, the currency, the coin, that in the recent phase of consumerism is so far from real value: human capital and natural capital. If human economy wants to continue to produce wellbeing, it must accept to be a subset of natural economy, intercept flux of matter produced by its circular mechanisms, put constraints in it, i.e. machines and structures, to direct it temporarily for our advantage, and finally release it to the same original flux, in an still usable state. In this way it will assume a function no more parasitic but symbiotic. It will be connected to natural cycles without destroying it, recovering the co-evolutionary link between nature and culture, building an economic web suited to the ecological web; thus we will have a mosaic characterised by biodiversity, technological diversity, and cultural diversity, able to produce a durable prosperity.

  1. Towards a solidarity economy zakat Decrease poverty vs economic growth

    Directory of Open Access Journals (Sweden)

    Mébarek BOUBLAL

    2015-02-01

    Full Text Available Historically, inequalities in the distribution of goods between men existed. Different economic policies have been developed in order to solve not only the problem of inequality, but also that of unemployment. The statistics speak for themselves; despite efforts provided, no solution has been able to solve this twofold problem. Indeed, we must understand that today's economy is primarily responsible for capital growth; support social policy is the responsibility of the welfare state. Policies such as the single tax , or flat tax and the social economy, or non profit sector, have emerged but not able to reconcile the dilemma posed by the management of the social side with economic growth and to help grow the capital. Consideration of zakat as a social economic system, or zakat solidarity economy, provides an opening to a third way. This pathway is ale to support the reduction of inequalities in redistribution and unemployment, without jeopardizing economic growth.

  2. Generating Sustainable Value from Open Data in a Sharing Society

    DEFF Research Database (Denmark)

    Jetzek, Thorhildur; Avital, Michel; Bjørn-Andersen, Niels

    2014-01-01

    Our societies are in the midst of a paradigm shift that transforms hierarchical markets into an open and networked economy based on digital technology and information. In that context, open data is widely presumed to have a positive effect on social, environmental and economic value; however...

  3. The Token Economy: Reducing the Disruptive and Off-Task Behavior

    Science.gov (United States)

    Chevalier, Nicole Taylor

    2012-01-01

    This study investigates the effects of a token economy as an intervention to reduce disruptive and off-task behavior of third grade students in an open concept setting. The intervention combines the use of a token reinforcement with a raffle style drawing. The students receive tokens on an intermittent reinforcement schedule for being on-task,…

  4. Participatory approach to improving safety, health and working conditions in informal economy workplaces in Cambodia.

    Science.gov (United States)

    Kawakami, Tsuyoshi; Tong, Leng; Kannitha, Yi; Sophorn, Tun

    2011-01-01

    The present study aimed to improve safety and health in informal economy workplaces such as home workplaces, small construction sites, and rural farms in Cambodia by using "participatory" approach. The government, workers' and employers' organizations and NGOs jointly assisted informal economy workers in improving safety and health by using participatory training methodologies. The steps taken were: (1) to collect existing good practices in safety and health in Cambodia; (2) to develop new participatory training programmes for home workers and small construction sites referring to ILO's WISE training programme, and (3) to train government officers, workers, employers and NGOs as safety and health trainers. The participatory training programmes developed consisted of action-checklists associated with illustrations, good example photo sheets, and texts explaining practical, low-cost improvement measures. The established safety and health trainers reached many informal economy workers through their human networks, and trained them by using the developed participatory training programmes. More than 3,000 informal economy workers were trained and they implemented improvements by using low-cost methods. Participatory training methodologies and active cooperation between the government, workers, employers and NGOs made it possible to provide practical training for those involved in the informal economy workplaces.

  5. Big ambitions for small reactors as investors size up power options

    Energy Technology Data Exchange (ETDEWEB)

    Shepherd, John [nuclear24, Redditch (United Kingdom)

    2016-04-15

    Earlier this year, US nuclear developer NuScale Power completed a study for the UK's National Nuclear Laboratory (NNL) that supported the suitability of NuScale's small modular reactor (SMR) technology for the effective disposition of plutonium. The UK is a frontrunner to compete in the SMR marketplace, both in terms of technological capabilities, trade and political commitment. Industry observers are openly speculating whether SMR design and construction could start to move ahead faster than 'big and conventional' nuclear construction projects - not just in the UK but worldwide. Economies of scale could increase the attraction of SMRs to investors and the general public.

  6. Parametric analysis of blade configurations for a small-scale nitrogen axial expander with hybrid open-Rankine cycle

    International Nuclear Information System (INIS)

    Khalil, Khalil M.; Mahmoud, S.; Al- Dadah, R.K.; AL-Mousawi, Fadhel

    2017-01-01

    Highlights: • Develop cryogenic energy storage and efficient recovery technologies. • Integrate small scale closed and cryogenic open-Rankine cycles. • Investigate blade configuration on small-scale axial expander performance. • Use mean line and 3D CFD simulation for expander robust design procedure. • Predict effects of expander efficiency on hybrid open-Rankine cycle efficiency. - Abstract: During the last few decades, low-grade energy sources such as solar energy and wind energy have enhanced the efficiency of the advanced renewable technologies such as the combined Rankine. Furthermore, these heat sources have contributed to a reduction in CO2 emissions. To address the problem of the intermittent nature of such renewable sources, energy storage technologies have been used to balance the power demand and smooth out energy production. In this study, the direct expansion cycle (open Rankine cycle) is combined with a closed loop Rankine cycle to generate power more efficiently and address the problem of discontinuous renewable sources. The topping cycle of this system is a closed looped Rankine cycle and propane is used as a hydrocarbon fluid, while the direct expansion cycle is considered to be the bottoming cycle utilizing nitrogen as cryogen fluid. Small-scale expanders are the most important parts in many thermal power cycles, such as the Rankine cycle, due to the significant impact on the overall cycle’s efficiency. This work investigated the effect of using a number of blade configurations on the cycle’s performance using a small-scale axial expander. A three-dimensional Computational Fluid Dynamic (CFD) simulation was used to examine four proposed blade configurations (lean, sweep, twist, bowl) with three hub- tip ratios (0.83, 0.75, 0.66). In addition, a numerical simulation model of the hybrid open expansion- Rankine cycle was designed and modeled in order to estimate the cycle’s performance. The results show that when the expander

  7. Why the New Economy is a Learning Economy

    DEFF Research Database (Denmark)

    Lundvall, Bengt-Åke

    In this paper it is shown that the intense focus on the new economy reflected real change as well as 'hype?. The basic reason why new economy-growth could not be seen as sustainable is that introducing advanced technologies can only take place successfully when it is accompanied by organizational...... change and competence-building among employees. Any strategy that gives technology an independent role as problem-solver is doomed to fail. Danish data of a unique character are used to demonstrate that the key to economic performance is to promote learning at different levels of the economy....... In the conclusion it is argued that there is a need for a new type of knowledge and learning oriented Keynesianism in order to get close to the kind of growth rates characterizing the high days of the new economy adventure in the US....

  8. The Sharing Economy

    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...

  9. Comparison of Endoscopic and Open Resection for Small Gastric Gastrointestinal Stromal Tumor

    Directory of Open Access Journals (Sweden)

    Fan Feng

    2015-12-01

    Full Text Available The National Comprehensive Cancer Network recommends conservative follow-up for gastric gastrointestinal stromal tumors (GISTs less than 2 cm. We have previously reported that the mitotic index of 22.22% of small gastric GISTs exceeded 5 per 50 high-power fields and recommended that all small gastric GISTs should be resected once diagnosed. The aim of the present study is to compare the safety and outcomes of endoscopic and open resection of small gastric GISTs. From May 2010 to March 2014, a total of 90 small gastric GIST patients were enrolled in the present study, including 40 patients who underwent surgical resection and 50 patients who underwent endoscopic resection. The clinicopathological characteristics, resection-related factors, and clinical outcomes were recorded and analyzed. The clinicopathological characteristics were comparable between the two groups except for tumor location and DOG-1 expression. Compared with the surgical resection group, the operation time was shorter (P = .000, blood loss was less (P = .000, pain intensity was lower (P < .05, duration of first flatus and defecation was shorter (P < .05, and medical cost of hospitalization was lower (P = .027 in the endoscopic resection group. The complications and postoperative hospital stay were comparable between the two groups. No in situ recurrence or liver metastasis was observed during follow-up. Endoscopic resection of small gastric GISTs is safe and feasible compared with surgical resection, although perforation could not be totally avoided during and after resection. The clinical outcome of endoscopic resection is also favorable.

  10. Motives for participation in the sharing economy – evidence from Lithuania

    Directory of Open Access Journals (Sweden)

    Grybaitė Virginija

    2016-12-01

    Full Text Available Information and communication technologies enable the emergence of a new phenomenon called the “sharing economy”. An increasing number of articles in the media as well as debates about the positive and negative aspects of the sharing economy show a growing interest in the subject. The paper aims to review the different approaches to the definition of the sharing economy and to present the authors’ views on the concept. The reviewed literature reveals the main drivers for participating in the sharing economy. A survey was conducted to learn more about the motives of Lithuanian people participating in this concept. The survey reveals the following leading factors of using the sharing economy platforms: an easy way to make extra money; supporting individuals and/or small/independent companies; meeting new people and having an interesting experience/doing something most people haven’t tried yet. The survey also reveals that most of the respondents prefer to own things rather than share them. Despite the widespread popularity of the sharing economy platforms in the world, this phenomenon is in its infancy in Lithuania.

  11. Fueling the Gig Economy: A Case Study Evaluation of Upwork.com

    Directory of Open Access Journals (Sweden)

    Daryl D. Green

    2018-02-01

    Full Text Available With recent downsizing of talented professionals and the power of globalization to provide opportunities for more underdeveloped countries, the gig economy is a source of influence in today’s generation of professionals. Online outsourcing media have shown to be valuable resources for companies who need a specific set of skills for a limited period. This case study evaluates Upwork.com, one of the leading freelance websites in the gig economy; this article provides insights on how others should evaluate the power of this new economy in terms of opportunities for small businesses, entrepreneurs, and freelancers. Upwork has led the pack by providing a flexible platform for freelancers worldwide, including coders, writers, and web developers, putting businesses in touch with reasonably priced workers. The study begins by exploring the attributes of the gig economy. Data collection is achieved through qualitative analysis. The application of these conclusions could increase the survival rate of new freelancers on Upwork.com and in the gig economy. The study is significant because this research widens contemporary assumptions about strategic thinking for individuals engaged in e-commerce.

  12. Impact of Location of the Central Activities on Development of Open Public Space in the City Centers of Small Cities

    Directory of Open Access Journals (Sweden)

    Volgemut, Mateja

    2016-10-01

    Full Text Available Urban areas of the central activities with mixed land use are crucial for the development of city center, even in small cities. In the last decades or two the attention is drawn on the retail and service activities that are usually located outside of cities near main roads. Municipalities had already detected this problem, but they are not implementing any of the measures (Rebernik, 2010. The purpose of this paper is to demonstrate that the central activities in small cities in Slovenia are located in freestanding buildings, which is most appropriate in terms of forming the open public space in the city center. In this research we compared ten central activities (Vrišer, 1988, 1990, Kokole, 1971 in 34 small cities. We selected only those small cities (Prosen et al, 2008 which have among other activities a county court. The results showed the differences and commonalities of the central activities in selected small cities according to the indicators. Litija, Domžale and Sevnica are small cities, where activities that could articulate open public space are located in the larger building complexes. The phenomenon is similar to a modern machine, where action in it and indirectly the insight into the functioning of the society is invisible to the observer (Kos, 2008. We found out that in these tree cities the central activities are not forming the open public spaces in front of the public buildings (Vertelj Nared, 2014. The result is problematic image of the city and changed forces of the city life.

  13. Quality of business environment in Slovakia from the point of view of small enterprises

    OpenAIRE

    Gregova Elena

    2014-01-01

    Countries with a transition economy more than developed ones are influenced by modern globalization processes which have impact first of all on small sector of economy. Small and medium-sized enterprises in transforming economies are considered as one of the major stabilization factors which promotes the solution of economic and social problems. The favorable environment for business is the main prerequisite for long-term competitiveness and growth of economy of any country. It is the environ...

  14. Small Data

    NARCIS (Netherlands)

    S. Pemberton (Steven)

    2014-01-01

    htmlabstractThe term “Open Data” often goes hand in hand with the term “Big Data”, where large data sets get released allowing for analysis, but the Cinderella of the Open Data ball is Small Data, small amounts of data, nonetheless possibly essential, that are too small to be put in some database or

  15. Decisiones, externalidades y economía pública en un contexto localizado Decisions, externalitats i economia pública en un context de localització Decisions, Externalities and Public Economy in a Location Context

    Directory of Open Access Journals (Sweden)

    Juan Miguel Benito Ostolaza

    2009-12-01

    Full Text Available Decisions, Externalities and Public Economy in a Location ContextIn this paper, we propose a learning application of the theory of market failure as part of a degree in Economics. They are new contexts in which adapt existing knowledge. Even a small contribution from our clasrrom experience, we can say that one side is extremely motivating for students and the other opens a new methodological framework in which student participation in learning becomes crucial.In this paper, we propose a learning application of the theory of market failure as part of a degree in Economics. They are new contexts in which adapt existing knowledge. Even a small contribution from our clasrrom experience, we can say that one side is extremely motivating for students and the other opens a new methodological framework in which student participation in learning becomes crucial.

  16. Labor reallocation and firm growth: Benchmarking transition countries against mature market economies

    OpenAIRE

    Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E.

    2014-01-01

    This paper uses firm-level survey data to study labor reallocation and firm growth in the transition countries over 1996 - 2005, including benchmarking against developed market economies. The data shows rapid growth of the new private sector and of the micro- and small-firm sectors, with the size distribution of firms moving towards the pattern observed in comparable surveys of developed market economies. Throughout, the regional patterns suggest greater convergence in the transition countrie...

  17. New Economy And Global Challenge: Winning Model Of Successful Small Business Organizations

    OpenAIRE

    Mirjana Radovic Markovic

    2007-01-01

    The old principles no longer work in the age of Globalization. Businesses have reached the old model's limits with respect to complexity and speed. The real problem is a ruinously dysfunctional mismatch between today's business environment and the classic business model. Namely, the wrong model may transform a company into the vehicle of its own death. Great shifts - genuine and radical transformation- have been shaping the economy and business environment in recent decades. Technology, espec...

  18. [Strength and weaknesses of the German digital health economy].

    Science.gov (United States)

    Leppert, Florian; Gerlach, Jan; Ostwald, Dennis A; Greiner, Wolfgang

    2017-07-26

    There are high expectations from digitalization of health care, ehealth and telemedicine. Nevertheless, the diffusion of these services falls short of expectations. This study analyses the strength and weaknesses of the German digital health economy. Thereby, we specially focus on small and medium-sized enterprises (SME). The study is based on a literature review, interviews of experts and a workshop. The digital health economy is influenced by a heterogeneous environment with both promotive and obstructive factors. One of the largest weaknesses results from a lack of business models. There is a lack of possibilities of reimbursement by the Statutory Health Insurance (SHI). In addition, private users only have a small willingness to pay for digital services. The large number of regulations makes the implementation even harder, especially for SMEs. Thus, the current environment hampers fast diffusion of digital services in the German health care market. © Georg Thieme Verlag KG Stuttgart · New York.

  19. Origin of Reduced Open-Circuit Voltage in Highly Efficient Small-Molecule-Based Solar Cells upon Solvent Vapor Annealing.

    Science.gov (United States)

    Deng, Wanyuan; Gao, Ke; Yan, Jun; Liang, Quanbin; Xie, Yuan; He, Zhicai; Wu, Hongbin; Peng, Xiaobin; Cao, Yong

    2018-03-07

    In this study, we demonstrate that remarkably reduced open-circuit voltage in highly efficient organic solar cells (OSCs) from a blend of phenyl-C 61 -butyric acid methyl ester and a recently developed conjugated small molecule (DPPEZnP-THD) upon solvent vapor annealing (SVA) is due to two independent sources: increased radiative recombination and increased nonradiative recombination. Through the measurements of electroluminescence due to the emission of the charge-transfer state and photovoltaic external quantum efficiency measurement, we can quantify that the open-circuit voltage losses in a device with SVA due to the radiative recombination and nonradiative recombination are 0.23 and 0.31 V, respectively, which are 0.04 and 0.07 V higher than those of the as-cast device. Despite of the reduced open-circuit voltage, the device with SVA exhibited enhanced dissociation of charge-transfer excitons, leading to an improved short-circuit current density and a remarkable power conversion efficiency (PCE) of 9.41%, one of the best for solution-processed OSCs based on small-molecule donor materials. Our study also clearly shows that removing the nonradiative recombination pathways and/or suppressing energetic disorder in the active layer would result in more long-lived charge carriers and enhanced open-circuit voltage, which are prerequisites for further improving the PCE.

  20. Design and deployment strategies for small and medium sized reactors (SMRs) to overcome loss of economies of scale and incorporate increased proliferation resistance

    International Nuclear Information System (INIS)

    Kuznetsov, V.

    2007-01-01

    The designers of innovative small and medium sized reactors pursue new design and deployment strategies making use of certain advantages provided by smaller reactor size and capacity to achieve reduced design complexity and simplified operation and maintenance requirements, and to provide for incremental capacity increase through multi-module plant clustering. Competitiveness of SMRs (Small and Medium size Reactor) depends on the incorporated strategies to overcome loss of economies of scale but equally it depends on finding appropriate market niches for such reactors. For many less developed countries, these are the features of enhanced proliferation resistance and increased robustness of barriers for sabotage protection that may ensure the progress of nuclear power. For such countries, small reactors without on-site refuelling, designed for infrequent replacement of well-contained fuel cassette(s) in a manner that impedes clandestine diversion of nuclear fuel material, may provide a solution. Based on the outputs of recent IAEA activities for innovative SMRs, the paper provides a summary of the state-of-the-art in approaches to improve SMR competitiveness and incorporate enhanced proliferation resistance and energy security. (author)

  1. Economy, Movement Dynamics, and Muscle Activity of Human Walking at Different Speeds

    DEFF Research Database (Denmark)

    Raffalt, Peter Christian; Guul, Martin Kjær; Nielsen, A. N.

    2017-01-01

    The complex behaviour of human walking with respect to movement variability, economy and muscle activity is speed dependent. It is well known that a U-shaped relationship between walking speed and economy exists. However, it is an open question if the movement dynamics of joint angles and centre...... of mass and muscle activation strategy also exhibit a U-shaped relationship with walking speed. We investigated the dynamics of joint angle trajectories and the centre of mass accelerations at five different speeds ranging from 20 to 180% of the predicted preferred speed (based on Froude speed) in twelve...... healthy males. The muscle activation strategy and walking economy were also assessed. The movement dynamics was investigated using a combination of the largest Lyapunov exponent and correlation dimension. We observed an intermediate stage of the movement dynamics of the knee joint angle and the anterior...

  2. The illusion of the digital commons : ‘False consciousness’ in online alternative economies

    NARCIS (Netherlands)

    Ossewaarde, Marinus; Reijers, Wessel

    2017-01-01

    Digital commons such as Wikipedia, open-source software, and hospitality exchanges are frequently seen as forms of resistance to capitalist modes of production and consumption, as elements of alternative economies. In this article, however, we argue that the digital commons cannot by themselves

  3. Development of a small prototype for a proof-of-concept of OpenPET imaging

    International Nuclear Information System (INIS)

    Yamaya, Taiga; Yoshida, Eiji; Wakizaka, Hidekatsu; Kokuryo, Daisuke; Tsuji, Atsushi; Mitsuhashi, Takayuki; Tashima, Hideaki; Nishikido, Fumihiko; Inadama, Naoko; Murayama, Hideo; Kinouchi, Shoko; Inaniwa, Taku; Sato, Shinji; Nakajima, Yasunori; Kawai, Hideyuki; Haneishi, Hideaki; Suga, Mikio

    2011-01-01

    The OpenPET geometry is our new idea to visualize a physically opened space between two detector rings. In this paper, we developed the first small prototype to show a proof-of-concept of OpenPET imaging. Two detector rings of 110 mm diameter and 42 mm axial length were placed with a gap of 42 mm. The basic imaging performance was confirmed through phantom studies; the open imaging was realized at the cost of slight loss of axial resolution and 24% loss of sensitivity. For a proof-of-concept of PET image-guided radiation therapy, we carried out the in-beam tests with 11 C radioactive beam irradiation in the heavy ion medical accelerator in Chiba to visualize in situ distribution of primary particles stopped in a phantom. We showed that PET images corresponding to dose distribution were obtained. For an initial proof-of-concept of real-time multimodal imaging, we measured a tumor-inoculated mouse with 18 F-FDG, and an optical image of the mouse body surface was taken during the PET measurement by inserting a digital camera in the ring gap. We confirmed that the tumor in the gap was clearly visualized. The result also showed the extension effect of an axial field-of-view (FOV); a large axial FOV of 126 mm was obtained with the detectors that originally covered only an 84 mm axial FOV. In conclusion, our initial imaging studies showed promising performance of the OpenPET.

  4. Development of a small prototype for a proof-of-concept of OpenPET imaging

    Energy Technology Data Exchange (ETDEWEB)

    Yamaya, Taiga; Yoshida, Eiji; Wakizaka, Hidekatsu; Kokuryo, Daisuke; Tsuji, Atsushi; Mitsuhashi, Takayuki; Tashima, Hideaki; Nishikido, Fumihiko; Inadama, Naoko; Murayama, Hideo; Kinouchi, Shoko [Molecular Imaging Center, National Institute of Radiological Sciences, 4-9-1 Anagawa, Inage-ku, Chiba 263-8555 (Japan); Inaniwa, Taku; Sato, Shinji [Research Center for Charged Particle Therapy, National Institute of Radiological Sciences, 4-9-1 Anagawa, Inage-ku, Chiba 263-8555 (Japan); Nakajima, Yasunori [Interdisciplinary Graduate School of Science and Engineering, Tokyo Institute of Technology, 4259 Nagatsuta, Midori-ku, Yokohama, Kanagawa 226-8503 (Japan); Kawai, Hideyuki; Haneishi, Hideaki; Suga, Mikio, E-mail: taiga@nirs.go.jp [Chiba University, 1-33 Yayoicho, Inage-ku, Chiba 263-8522 (Japan)

    2011-02-21

    The OpenPET geometry is our new idea to visualize a physically opened space between two detector rings. In this paper, we developed the first small prototype to show a proof-of-concept of OpenPET imaging. Two detector rings of 110 mm diameter and 42 mm axial length were placed with a gap of 42 mm. The basic imaging performance was confirmed through phantom studies; the open imaging was realized at the cost of slight loss of axial resolution and 24% loss of sensitivity. For a proof-of-concept of PET image-guided radiation therapy, we carried out the in-beam tests with {sup 11}C radioactive beam irradiation in the heavy ion medical accelerator in Chiba to visualize in situ distribution of primary particles stopped in a phantom. We showed that PET images corresponding to dose distribution were obtained. For an initial proof-of-concept of real-time multimodal imaging, we measured a tumor-inoculated mouse with {sup 18}F-FDG, and an optical image of the mouse body surface was taken during the PET measurement by inserting a digital camera in the ring gap. We confirmed that the tumor in the gap was clearly visualized. The result also showed the extension effect of an axial field-of-view (FOV); a large axial FOV of 126 mm was obtained with the detectors that originally covered only an 84 mm axial FOV. In conclusion, our initial imaging studies showed promising performance of the OpenPET.

  5. DEVELOPMENT OF THE SOCIALLY-ORIENTED ECONOMY IN UKRAINE: PREREQUISITES AND STRATEGIC FORECASTING

    Directory of Open Access Journals (Sweden)

    Nataliia Kravchuk

    2017-11-01

    Full Text Available The purpose of this article is to substantiate prerequisites and prospects for the formation and development of the socially-oriented economy in Ukraine. The theoretical and methodological background to the research is system and synergetic scientific approaches, which use in the research of the development of a socially-oriented economy is determined by orientation to basic values and fundamentals of the market economic system and focus on building a democratic society in Ukraine. Scientific results – it is substantiated that in modern conditions of transformational changes, a strategic course of Ukraine is to combine mechanisms of market selfregulation and state regulation, which in its basis is based on principles of socially-oriented economy. Such a model of the economy is focused on a human along with its needs and interests, relations with other members of society during production, distribution, exchange, and consumption. At the same time, social orientation foresees providing high productive economic management that configures private initiative and competition. Results of conducted analysis of analytical indicators of socio-economic development of Ukraine show an urgent necessity and objectivity of forming a socially-oriented economy. It is proved that taking into account increase in openness of the national economy, it is appropriate to consider strict conditions concerning its adequacy to requirements of the current international competition. In this relation, there are analysed vectors of the formation of the socially-oriented economy in Ukraine declared by the Strategy of Sustainable Development “Ukraine – 2020” within which a key reference point is an introduction in the country of European standards of living and its achieving a dominant position in the world. An economic platform of the formation and development of the socially-oriented economy is determined the following: providing economic freedom; availability of

  6. INSTITUTIONAL TRANSFORMATIONS TO ECONOMY OF THE URAL FEDERAL DISTRICT

    Directory of Open Access Journals (Sweden)

    S.I. Mayer

    2007-06-01

    Full Text Available Economy of the Ural federal district is characterized by appreciable institutional transformations. First of all, it concerns arrival on the market new and leaving from the market of the old enterprises and the organizations, that, alongside with other factors, defines growth of competitiveness of regions. The processes of development of small business, strengthening of market positions of the organizations with participation of the foreign capital, activisation of the market of merges and absorption of the companies operate also in the same direction. Noted tendencies are characteristic for economy of all Russia. However regional features, as between federal districts, and subjects of Federation are kept also.

  7. Fusion power economy of scale

    International Nuclear Information System (INIS)

    Dolan, T.J.

    1993-01-01

    In the next 50 yr, the world will need to develop hundreds of gigawatts of non-fossil-fuel energy sources for production of electricity and fuels. Nuclear fusion can probably provide much of the required energy economically, if large single-unit power plants are acceptable. Large power plants are more common than most people realize: There are already many multiple-unit power plants producing 2 to 5 GW(electric) at a single site. The cost of electricity (COE) from fusion energy is predicted to scale as COE ∼ COE 0 (P/P 0 ) -n , where P is the electrical power, the subscript zero denotes reference values, and the exponent n ∼ 0.36 to 0.7 in various designs. The validity ranges of these scalings are limited and need to be extended by future work. The fusion power economy of scale derives from four interrelated effects: improved operations and maintenance costs; scaling of equipment unit costs; a geometric effect that increases the mass power density; and reduction of the recirculating power fraction. Increased plasma size also relaxes the required confinement parameters: For the same neutron wall loading, larger tokamaks can use lower magnetic fields. Fossil-fuel power plants have a weaker economy of scale than fusion because the fuel costs constitute much of their COE. Solar and wind power plants consist of many small units, so they have little economy of scale. Fission power plants have a strong economy of scale but are unable to exploit it because the maximum unit size is limited by safety concerns. Large, steady-state fusion reactors generating 3 to 6 GW(electric) may be able to produce electricity for 4 to 5 cents/kW·h, which would be competitive with other future energy sources. 38 refs., 6 figs., 6 tabs

  8. Market Economy under Rapid Globalization and Rising Productivity

    OpenAIRE

    Konov, Joshua Ioji

    2012-01-01

    Market economy of enhancing business laws in contracting, bonding, insuring, legal corporate structures , e.g. will marginalize the economic agents and tools that make market competition unfair, empower small and medium businesses and investors, and boost business activities, fiscal strength, employment, and capital transmission. Keynesian capital infusion will extend its market effect in such higher security marketplace.

  9. Effects of Trade Openness, Investment and Population on the Economic Growth: A Case Study of Syria

    Directory of Open Access Journals (Sweden)

    Adel Shakeeb Mohsen

    2015-06-01

    Full Text Available This study attempts to investigate the role of trade openness, investment and population in the Syrian economy over the period 1980-2010. The cointegration test indicates that GDP is positively and significantly related to the trade openness, investment and population. The Granger causality test indicates bidirectional short-run causality relationships between trade openness, investment, population and GDP. There are also bidirectional long-run causality relationships between investment, population and GDP, and unidirectional long-run causality relationship running from trade openness to GDP. The study result indicates that population has the biggest effect on the GDP, thus we suggest improving the quality of the human capital in the country, as well as improving the investment and opening up the Syrian economy to foreign trade.

  10. Iceland as a demonstrator for a transition to low carbon economy?

    Science.gov (United States)

    Asbjornsson, Einar Jon; Stefansson, Hlynur; Finger, David Christian

    2017-04-01

    The energy supply in Iceland is quite unique, about 85% of the total primary energy is coming from renewable resources. Nevertheless, the ecological footprint of an average Icelander is with 6.5 worlds, one of the highest worldwide and the energy consumption per capita is about 7 times higher than the European average. Recent developments have shown that there is a great potential to reduce the footprint and develop towards low carbon economy. With its small population, well educated and governed society and clear system boundaries to the outside world, Iceland is a good research laboratory and an ideal demonstrator for a transition towards a low carbon economy. This presentation will outline how several innovative research projects at Reykjavik University could lead Iceland towards a sustainable and low carbon economy. The presentations will conclude with a visionary outlook how Iceland can become a demonstration nation towards a prosperous, low carbon and sustainable economy, helping stabilize global warming at an acceptable level.

  11. Carbon and energy taxes in a small and open country

    Directory of Open Access Journals (Sweden)

    S. Solaymani

    2017-12-01

    Full Text Available Malaysia, as a small and developing country, must reduce carbon emissions because the country is one of the top CO2-emitting countries in the ASEAN region. Therefore, the current study implements two environmental tax policies; carbon and energy taxes, in order to examine the impacts of these policies on the reduction of carbon emission in the whole of the economy by applying a computable general equilibrium model. Since the whole of the government revenue from these tax policies is transferred to all household and labor types through two schemes, a lump sum tax, and a labor tax, respectively, it is assumed that there is revenue neutrality in the model for the government. The findings from simulated scenarios indicate that the carbon tax policy is the more efficient policy for reducing CO2 emission, in both transferring schemes, while its impact on macroeconomic variables is almost lower than the equivalent energy tax. The carbon tax is more effective than the energy tax for Malaysia to achieve 40% carbon reduction target in comparison with its 2005 level. The carbon tax, compared to the energy tax, also leads to more decrease in consumption of fossil fuels. The carbon tax policy, in comparison with the energy tax, due to revenue recycling causes much more increase in the welfare of rural and urban households in Malaysia, especially the welfare of rural (lower income households.

  12. Moneyless Economy

    OpenAIRE

    Das, Subhendu

    2012-01-01

    Moneyless economy (MLE) does not have any money in the economy. All products and services are free for all people. This means everybody must work, work for free, and get everything they want for free also. Any work that a society needs is considered legitimate. MLE is not socialism. MLE has the ability to provide a lifestyle that anyone wants. We show that it is possible to run the exact same economy that we have now, in the exact same way, and without money. Any government of any country can...

  13. Marketing the Uniqueness of Small Towns. Small Town Strategy.

    Science.gov (United States)

    Hogg, David H.; Dunn, Douglas

    A small town can strengthen its local economy as a result of business people and concerned citizens collectively identifying that community's uniqueness and then capitalizing on it via advertising, personal selling, sales promotion, or publicity. This publication relates the science of marketing to communities. Seven simple techniques are provided…

  14. Impact of Globalization in Kosovo’s Economy

    Directory of Open Access Journals (Sweden)

    MSc. Nexhat Shkodra

    2013-12-01

    Full Text Available The economy in Kosovo continues to generate macroeconomic growth and solid stability, especially in fiscal and financial terms. Despite the increasing risks from the external sector, Kosovo’s economy has marked positive growth rates in 2012 also. Nevertheless, being an open economy, it has not been spared of the effects of the crisis faced direly by some of the most developed countries, and especially those in the Eurozone, which have shrinked the growth rate in comparison to previous years, despite it being positive. These risks mainly are reflected into the adverse impacts of the crisis on external demand for Kosovo products (along with an already low export rate, and by a lighter impact on migrant remittances, and a stronger impact on foreign direct investment. The decline in remittances has been smaller than forecasted, mainly because migration in Kosovo is of longer term in nature, and 70% of our migrants possess foreign citizenships. The banking sector has remained solid, with private sector deposits and loans continuing to increase in 2009 and 2010. There is still evidence though, that banks have become more prudent in extending loans, mainly due to the fact that bad loans are increasing at a slow pace. Adverse impacts of the global financial crisis have been compensated by an expansionist fiscal policy adopted by the Government, thereby ensuring medium growth rates.

  15. Feature economy vs. logical complexity in phonological pattern learning

    NARCIS (Netherlands)

    Seinhorst, K.T.

    Complexity has been linked to ease of learning. This article explores the roles of two measures of complexity – feature economy and logical complexity – in the acquisition of sets of signs, taken from a small sign language that serves as an analogue of plosive inventories in spoken language. In a

  16. 78 FR 46799 - Use of Market Economy Input Prices in Nonmarket Economy Proceedings

    Science.gov (United States)

    2013-08-02

    ...The Department of Commerce (``Department'') is modifying its regulation which states that the Department normally will use the price that a nonmarket economy (``NME'') producer pays to a market economy supplier when a factor of production is purchased from a market economy supplier and paid for in market economy currency, in the calculation of normal value (``NV'') in antidumping proceedings involving NME countries. The rule establishes a requirement that the input at issue be produced in one or more market economy countries, and a revised threshold requiring that ``substantially all'' (i.e., 85 percent) of an input be purchased from one or more market economy suppliers before the Department uses the purchase price paid to value the entire factor of production. The Department is making this change because it finds that a market economy input price is not the best available information for valuing all purchases of that input when market economy purchases of an input do not account for substantially all purchases of the input.

  17. The Sharing Economy

    OpenAIRE

    Reinhold, Stephan; Dolnicar, Sara

    2017-01-01

    Peer-to-peer accommodation networks in general, and Airbnb in specific, are frequently referred to as part of the sharing economy. This chapter provides an overview of key characteristics of the sharing economy, discusses how these characteristics relate to peer-to-peer accommodation, and positions peer-to-peer accommodation networks within the sharing economy.

  18. The Moral Geography of Food in a Dual Economy:Tourist versus Domestic Consumption in Cuba

    OpenAIRE

    Wilson, Marisa

    2012-01-01

    The opening of the Cuban economy to tourism and to the United States dollar has had a profound impact on the spaces and subjects of food production, exchange and consumption. While ‘luxuries’ sold in hard currency are now legally available to a particular subsection of society, namely visitors and privileged Cubans with hard currency, most people remain attached to the state-controlled peso economy as they only receive peso wages. In this article I argue that the uneven development of Cuba’s ...

  19. Mexico Under NAFTA: Accounting Information In a Changing Economy

    Directory of Open Access Journals (Sweden)

    Juan M. Rivera

    1998-08-01

    Full Text Available Mexico has successfully implemented policies to open foreign trade, stabilize the Peso, control inflation, deregulate private business, scale back state enterprises, eliminate bureaucratic red tape, and welcome foreign investment. This process started before NAFTA was considered; however, NAFTA helped in making these economic changes more permanent. Given a more propitious business environment, understanding the financial information reported by Mexican firms constitutes a relevant inquiry. This paper analyzes features of the accounting model used in that economy and compares them against the characteristics of its counterpart accounting practice in the U.S. As a whole, the Mexican accounting practice has achieved a reasonably good level of competence. In their quest to find solutions to problems and issues not yet covered by their accounting norms, the Mexican Accounting Principles Committee has paid close attention to the U.S. GAAP and to the principles advanced by the International Accounting Standards Committee. A new Law of the Securities Market has added mechanisms to guarantee a healthy operation of the securities market and to increase the transparency of transactions and financial disclosures of the companies whose securities are traded in the exchanges. All this is a reflection of the new open economy and free market mechanisms embraced by the Mexican government.

  20. Emerging new services for the gas and electricity economy

    International Nuclear Information System (INIS)

    Matas, Ch.

    2002-01-01

    This article reports on a postgraduate study at the Swiss Institute of Technology (EPFL) in Lausanne, Switzerland, addressing the prospects for new energy technologies and their development, according to bankers, industry managers and international organisations. The study merges macro-economic, financial and technological views and focusses especially on electricity and natural gas including cogeneration and decentralised, small and middle-size energy production units. The world energy market is changing pace, moving from various monopolies to a dynamic system, with growing decentralisation and networking. The study reveals that constraints are changing due to the economy globalization as well as to the growing internet-based economy, and that new prospects for the development of promising energy technologies are emerging. The demand for more specific energy products like for example uninterruptible power supplies will stimulate new sectors in the energy economy. Growing environmental concern will also be an important factor for the energy market remodelling. For the gas and electricity markets, a considerable rise in sales is expected

  1. Political economy of climate change, ecological destruction and uneven development

    International Nuclear Information System (INIS)

    O'Hara, Phillip Anthony

    2009-01-01

    The purpose of this paper is to analyze climate change and ecological destruction through the prism of the core general principles of political economy. The paper starts with the principle of historical specificity, and the various waves of climate change through successive cooler and warmer periods on planet Earth, including the most recent climate change escalation through the open circuit associated with the treadmill of production. Then we scrutinize the principle of contradiction associated with the disembedded economy, social costs, entropy and destructive creation. The principle of uneven development is then explored through core-periphery dynamics, ecologically unequal exchange, metabolic rift and asymmetric global (in)justice. The principles of circular and cumulative causation (CCC) and uncertainty are then related to climate change dynamics through non-linear transformations, complex interaction of dominant variables, and threshold effects. Climate change and ecological destruction are impacting on most areas, especially the periphery, earlier and more intensely than previously thought likely. A political economy approach to climate change is able to enrich the analysis of ecological economics and put many critical themes in a broad context. (author)

  2. Perspectives on Eco Economics. Circular Economy and Smart Economy

    Directory of Open Access Journals (Sweden)

    Cristina Balaceanu

    2017-12-01

    Full Text Available The implementation of sustainable development principles in contemporary economic thinking has generated the conceptual remodeling that expresses the new mechanisms of the economy. Thus, the concept of circular economy meet the theoretical representation of an economic system oriented towards the re-use of waste as raw materials and limiting the production of waste that cannot come back into the economic circuit. Circular economy is one that involves even its concept of operation, recovery and regeneration, as much as possible of resources, aiming to preserve, at the highest level, the value and usefulness of products, components and raw materials, distinguishing between technical and biological cycles. In this way, we can find solutions for two major issues affecting today's economy: the limited nature of resources and the pollution generated by the waste resulting from economic activities.

  3. CREATIVE ACTIVITY MOTIVATION IN PHILOSOPHY OF ECONOMY PARADIGM

    Directory of Open Access Journals (Sweden)

    N. Ignatovych

    2015-10-01

    Full Text Available The features of person’s creative activity as powerful energy source are considered for economy development. The concentration of philosophy of economy is shown exactly on opening context forming valued options and personalities’ moral principles that show up in his or her entrepreneurial behavior. It is described, that into place of values, as send activity of person to service to the superpersonal interests, for repressing part of enterprise elite pragmatic whole services are put only to own mercantile interests and satisfaction of private desires. It is exposed, that an economic elite is oriented mainly on a lifestyle and western society’s values.The difference is shown between creative activity and creativity of person according to such citeria as result in realization of different level aims. Importance and necessity exactly of spiritual motivation of entrepreneurs are investigated for the decision of both economic and social tasks, that improve and promote the morally-valued reference-points in society, assist to innovative development of economy. It is proved that there is a need in clear explanation to both business and society of motivation features of people’s creative activity in our state, argumentations of its importance for solving a deep financial crisis and not simple political situation.

  4. [Economy class syndrome].

    Science.gov (United States)

    Morio, Hiroshi

    2003-10-01

    Economy class syndrome is venous thromboembolism following air travel. This syndrome was firstly reported in 1946, and many cases have been reported since 1990s. Low air pressure and low humidity in the aircraft cabin may contribute to the mechanism of this syndrome. Risk factors for venous thrombosis in the plane were old age, small height, obesity, hormonal therapy, malignancy, smoking, pregnancy or recent parturition, recent trauma or operation, chronic disease and history of venous thrombosis. In Japan, the feminine gender is also risk factor though reason was not well known. For prophylaxis, adequate fluid intake and leg exercise are recommended to all passengers. For passengers with high risk, prophylactic measures such as compression stockings, aspirin or low molecular weight heparin should be considered.

  5. Economy of scale for nuclear power plants operating in hydroelectric systems - Brazilian case study

    International Nuclear Information System (INIS)

    Andrade, Gilberto

    1996-01-01

    Economy of scale is considered to enhance competitiveness of nuclear energy for electricity generation but only when high capacity factors are considered. This study shows that for the brazilian electricity generation system low capacity factors are expected and economy of scale has to be considered against the size of the Nuclear program. Units of 600 MW are competitive both for small and large Programs. (author)

  6. Economy and Grace

    DEFF Research Database (Denmark)

    Pedersen, Else Marie Wiberg

    2015-01-01

    Luther develops his idea the grace of God in tandem with his idea of economy, and a society characterized by ethical and social values such as love of neighbour and caring for the poor. Hence, the reformer's search for a gracious God is developed along with his criticism of the current indulgence...... doctrine and the emerging 'oeconomia moderna'. Thus, building on a simul gratia et oeconomia, grace and economy simultaneously, Luther's reformation theology can be perceived as te intersection of an economy of grace and a horizontal social economy (works of love) in quotidian life that together constitute...

  7. Modeling of similar economies

    Directory of Open Access Journals (Sweden)

    Sergey B. Kuznetsov

    2017-06-01

    Full Text Available Objective to obtain dimensionless criteria ndash economic indices characterizing the national economy and not depending on its size. Methods mathematical modeling theory of dimensions processing statistical data. Results basing on differential equations describing the national economy with the account of economical environment resistance two dimensionless criteria are obtained which allow to compare economies regardless of their sizes. With the theory of dimensions we show that the obtained indices are not accidental. We demonstrate the implementation of the obtained dimensionless criteria for the analysis of behavior of certain countriesrsquo economies. Scientific novelty the dimensionless criteria are obtained ndash economic indices which allow to compare economies regardless of their sizes and to analyze the dynamic changes in the economies with time. nbsp Practical significance the obtained results can be used for dynamic and comparative analysis of different countriesrsquo economies regardless of their sizes.

  8. www.FuelEconomy.gov

    Data.gov (United States)

    U.S. Environmental Protection Agency — FuelEconomy.gov provides comprehensive information about vehicles' fuel economy. The official U.S. government site for fuel economy information, it is operated by...

  9. 76 FR 2196 - Open Meeting of the Taxpayer Advocacy Panel Small Business/Self Employed Correspondence Exam Toll...

    Science.gov (United States)

    2011-01-12

    ... Small Business/Self Employed Correspondence Exam Toll Free AGENCY: Internal Revenue Service (IRS.../ Self Employed Correspondence Exam Toll Free will be conducted. The Taxpayer Advocacy Panel is... pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open...

  10. The Place of Digital Marketing on Turkish Small Businesses

    Directory of Open Access Journals (Sweden)

    Serhat Karatum

    2017-12-01

    Full Text Available In the 21st century, technology develops rapidly and continuously and it affects every aspect of our lives. Marketing concept has been affected by these developments. What we want from marketing and reaching in an increasingly virtualized world is to be a lot faster than the past. Also, new marketing channels have emerged as well. Turkish small businesses, the building blocks of Turkish economy, have the chance of addressing the marketing problems and solving the problems with the digital marketing channels. Small businesses have time and cash money limitations and this restricts their development. It is aimed to inform Turkish small businesses about Turkish population’s digital channel usage and the benefits of using digital marketing channels. As a result, digital marketing is going to improve the speed of renewal process of the Turkish small businesses and competition between them will improve the economy of Turkey. In the 21st century, technology develops rapidly and continuously and it affects every aspect of our lives. Marketing concept has been affected by these developments. What we want from marketing and reaching in an increasingly virtualized world is to be a lot faster than the past. Also, new marketing channels have emerged as well. Turkish small businesses, the building blocks of Turkish economy, have the chance of addressing the marketing problems and solving the problems with the digital marketing channels. Small businesses have time and cash money limitations and this restricts their development. It is aimed to inform Turkish small businesses about Turkish population’s digital channel usage and the benefits of using digital marketing channels. As a result, digital marketing is going to improve the speed of renewal process of the Turkish small businesses and competition between them will improve the economy of Turkey.

  11. 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

  12. 21st Century jobs initiative - building the foundations for a 21st Century economy. Final main report

    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.

  13. Energy, economy and equity interactions in a CGE [Computable General Equilibrium] model for Pakistan

    International Nuclear Information System (INIS)

    Naqvi, Farzana

    1997-01-01

    In the last three decades, Computable General Equilibrium modelling has emerged as an established field of applied economics. This book presents a CGE model developed for Pakistan with the hope that it will lay down a foundation for application of general equilibrium modelling for policy formation in Pakistan. As the country is being driven swiftly to become an open market economy, it becomes vital to found out the policy measures that can foster the objectives of economic planning, such as social equity, with the minimum loss of the efficiency gains from the open market resource allocations. It is not possible to build a model for practical use that can do justice to all sectors of the economy in modelling of their peculiar features. The CGE model developed in this book focuses on the energy sector. Energy is considered as one of the basic needs and an essential input to economic growth. Hence, energy policy has multiple criteria to meet. In this book, a case study has been carried out to analyse energy pricing policy in Pakistan using this CGE model of energy, economy and equity interactions. Hence, the book also demonstrates how researchers can model the fine details of one sector given the core structure of a CGE model. (UK)

  14. Political economies and environmental futures for the sharing economy

    NARCIS (Netherlands)

    Frenken, Koen|info:eu-repo/dai/nl/207145253

    2017-01-01

    The sudden rise of the sharing economy has sparked an intense public debate about its definition, its effects and its future regulation. Here, I attempt to provide analytical guidance by defining the sharing economy as the practice that consumers grant each other temporary access to their

  15. Small Data

    OpenAIRE

    Pemberton, Steven

    2014-01-01

    htmlabstractThe term “Open Data” often goes hand in hand with the term “Big Data”, where large data sets get released allowing for analysis, but the Cinderella of the Open Data ball is Small Data, small amounts of data, nonetheless possibly essential, that are too small to be put in some database or online dataset to be put to use. RDFa is a technology that allows Cinderella to go to the ball.

  16. 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.

  17. Knowledge Externalities, Agglomeration Economies, and Employment Growth in Dutch Cities

    NARCIS (Netherlands)

    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

  18. RECIPROCITY IN THE ECONOMY OF THE AGE OF SILICON ECONOMY SYSTEMS TO EARLY EXPERIENCES CURRENT SOLIDARITY ECONOMY

    Directory of Open Access Journals (Sweden)

    Horacio, Simes

    2012-01-01

    Full Text Available Reciprocity is an integrating principle of supportive economy activities. In non-capitalist societies, it has been realized through the participation of certain institutional arrangements that favored the stability of exchange relations. Progress towards capitalist societies and deepening them, dissolved many of these institutional supports, while economy relations separated from other social relations in which it was first inserted. In addition, the selfish individual was become an active participant in the economy life of society. With the construction of market economies and state regulation, reciprocal relationships were being reduced to a lower field activities. Under these circumstances, they should investigate how reciprocity is manifested today, the institutional arrangements that are suitable to give stability and unity to cooperative behavior and the dynamics of their relationship to the context of the market and the state.

  19. Exploring the Political Economy of Violence in the Border Regions of ...

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

    This project will propose concrete recommendations, based on applied research ... political economy of illicit activity in eight Latin American countries: Argentina, Brazil, ... the geography, nature, scale, and impact of transnational organized crime. ... activity (drug trafficking, small arms, chemical precursors, human trafficking, ...

  20. Why are small software organisations different?

    OpenAIRE

    Richardson, Ita; Gresse von Wangenheim, Christiane

    2007-01-01

    peer-reviewed Small software organizations independently financed and organized companies with fewer than 50 employees are fundamental to many national economies' growth. In the US, Brazil, Canada, China, India, Finland, Ireland, Hungary, and many other countries, small companies represent up to 85 percent of all software organizations. However, to persist and grow, small software companies need efficient, effective software engineering solutions.

  1. Effects of economy type and nicotine on the essential value of food in rats.

    Science.gov (United States)

    Cassidy, Rachel N; Dallery, Jesse

    2012-03-01

    The exponential demand equation proposed by Hursh and Silberberg (2008) provides an estimate of the essential value of a good as a function of price. The model predicts that essential value should remain constant across changes in the magnitude of a reinforcer, but may change as a function of motivational operations. In Experiment 1, rats' demand for food across a sequence of fixed-ratio schedules was assessed during open and closed economy conditions and across one- and two-pellet per reinforcer delivery conditions. The exponential equation was fitted to the relation between fixed-ratio size and the logarithm of the absolute number of reinforcers. Estimates of the rate of change in elasticity of food, the proposed measure of essential value, were compared across conditions. Essential value was equivalent across magnitudes during the closed economy, but showed a slight decrease across magnitudes during the open economy. Experiment 2 explored the behavioral mechanisms of nicotine's effects on consumption with the results from Experiment 1 serving as a within-subject frame of reference. The same subjects were administered nicotine via subcutaneously implanted osmotic minipumps at a dose of 3 mg/kg/day and exposed to both the one- and two-pellet conditions under a closed economy. Although nicotine produced large decreases in demand, essential value was not significantly changed. The data from the present experiments provide further evidence for the adequacy of the exponential demand equation as a tool for quantifying the rate of change in elasticity of a good and for assessing behavioral mechanisms of drug action.

  2. Effects of Economy Type and Nicotine on the Essential Value of Food in Rats

    Science.gov (United States)

    Cassidy, Rachel N; Dallery, Jesse

    2012-01-01

    The exponential demand equation proposed by Hursh and Silberberg (2008) provides an estimate of the essential value of a good as a function of price. The model predicts that essential value should remain constant across changes in the magnitude of a reinforcer, but may change as a function of motivational operations. In Experiment 1, rats' demand for food across a sequence of fixed-ratio schedules was assessed during open and closed economy conditions and across one- and two-pellet per reinforcer delivery conditions. The exponential equation was fitted to the relation between fixed-ratio size and the logarithm of the absolute number of reinforcers. Estimates of the rate of change in elasticity of food, the proposed measure of essential value, were compared across conditions. Essential value was equivalent across magnitudes during the closed economy, but showed a slight decrease across magnitudes during the open economy. Experiment 2 explored the behavioral mechanisms of nicotine's effects on consumption with the results from Experiment 1 serving as a within-subject frame of reference. The same subjects were administered nicotine via subcutaneously implanted osmotic minipumps at a dose of 3 mg/kg/day and exposed to both the one- and two-pellet conditions under a closed economy. Although nicotine produced large decreases in demand, essential value was not significantly changed. The data from the present experiments provide further evidence for the adequacy of the exponential demand equation as a tool for quantifying the rate of change in elasticity of a good and for assessing behavioral mechanisms of drug action. PMID:22389525

  3. The effects of wastewater discharges on the functioning of a small temporarily open/closed estuary

    Science.gov (United States)

    Lawrie, Robynne A.; Stretch, Derek D.; Perissinotto, Renzo

    2010-04-01

    Wastewater discharges affect the functioning of small temporarily open/closed estuaries (TOCEs) through two main mechanisms: (1) they can significantly change the water balance by altering the quantity of water inflows, and (2) they can significantly change the nutrient balance and hence the water quality. This study investigated the bio-physical responses of a typical, small TOCE on the east coast of South Africa, the Mhlanga Estuary. This estuary receives significant inflows of treated effluent from upstream wastewater treatment works. Water and nutrient budgets were used together with biological sampling to investigate changes in the functioning of the system. The increase in inflows due to the effluent discharges has significantly increased the mouth breaching frequency. Furthermore, when the mouth closes, the accumulation of nutrients leads to eutrophication and algal blooms. A grey water index, namely the proportion of effluent in the estuary and an indicator of the additional nutrient inputs into the estuary, reached high values (≳50%) during low flow regimes and when the mouth was closed. In these hyper-eutrophic conditions (DIN and DIP concentrations up to 457 μM and 100 μM respectively), field measurements showed that algal blooms occurred within about 14 days following closure of the mouth (chlorophyll-a concentrations up to 375 mg chl-a m -3). Water and nutrient balance simulations for alternative scenarios suggest that further increases in wastewater discharges would result in more frequent breaching events and longer open mouth conditions, but the occurrence of hyper-eutrophic conditions would initially intensify despite more frequent openings. The study indicates how water and nutrient balance simulations can be used in the planning and impact assessment of wastewater treatment facilities.

  4. THE NEW ECONOMY AND THE ECONOMY OF TOURISM

    Directory of Open Access Journals (Sweden)

    MIRELA MAZILU

    2011-01-01

    Full Text Available Together with the Internet, e-business and the new economy era, in general, fundamental transformation of the social and economic structure take place. In parallel, the assaults on the standard economic science amplify, in the sense of some conceptual reformulations and of some reinterpretations of the economic phenomena and laws. Besides the classical factors of production, work and capital, information is added, either as a distinct factor or as a detached one of the two mentioned. Also, the empiric findings regarding the so-called tertiarisation of the economy or the increase of the share of the services sector in the total of the national economy, as well as the so-called intangible investments in the total of the investment funds, have lead to numerous attempts of redefining what we call today a "modern economy". Other factors with major influence, regarding the adjustment of the economic science to the new trends from the real economy, refer to the following: the liberalisation of the international exchanges and the globalisation; the growth of the importance of the so-called free time (including here the household activities and the ones unfolded in the interest of the community, entertainment, but also the time destined to the development of the degree of culture and education on one's own and the fluidisation of the limits of differentiation between this and the work activity in the formal sector as well as the informal one; the more rapid dynamic of the financial and banking markets than the so-called classic productive sector of the economy; the extension of the use of computers and of the means and techniques of communication, in the activity of the companies as well as in the households, and the impact on the structure of the time and the financial budget of the population etc. All these have an impact on the tourism unfolding.

  5. Small and medium business in the contractual relationship system

    Directory of Open Access Journals (Sweden)

    Obalyaeva Julia, I.

    2015-01-01

    Full Text Available The paper reveals the role of small and medium business in the national economy. The comparative analysis of the indicators characterizing the development of small business in Russia, South Korea and France is given are compared. Two laws that support small and medium businesses in public purchasing. The author’s vision of the problems of development of small and medium-sized businesses in the Russian Federation and specification of the path of the national economy development is presented. Two schemes, revealing the organization of interaction of large corporate sector and the sector of small and medium-sized enterprises in the system of contractual relations and analysis of internal and external factors in the development of small and medium-sized enterprises are presented. The experience of conducting digital auctions with participation of small businesses on an digital platform CJSC "Sberbank AST" is considered.

  6. Knowledge Based Economy Assessment

    OpenAIRE

    Madalina Cristina Tocan

    2012-01-01

    The importance of knowledge-based economy (KBE) in the XXI century is evident. In the article the reflection of knowledge on economy is analyzed. The main point is targeted to the analysis of characteristics of knowledge expression in economy and to the construction of structure of KBE expression. This allows understanding the mechanism of functioning of knowledge economy. The authors highlight the possibility to assess the penetration level of KBE which could manifest itself trough the exist...

  7. Emerging market business cycles: the cycle is the trend

    OpenAIRE

    Mark Aguiar; Gita Gopinath

    2004-01-01

    Business cycles in emerging markets are characterized by strongly counter-cyclical current accounts, consumption volatility that exceeds income volatility, and dramatic “sudden stops” in capital inflows. These features contrast with those of developed, small open economies and highlight the uniqueness of emerging markets. Nevertheless, we show that both qualitatively and quantitatively a standard dynamic stochastic, small open economy model can account for the behavior of both types of market...

  8. Growing a market economy

    Energy Technology Data Exchange (ETDEWEB)

    Basu, N.; Pryor, R.J.

    1997-09-01

    This report presents a microsimulation model of a transition economy. Transition is defined as the process of moving from a state-enterprise economy to a market economy. The emphasis is on growing a market economy starting from basic microprinciples. The model described in this report extends and modifies the capabilities of Aspen, a new agent-based model that is being developed at Sandia National Laboratories on a massively parallel Paragon computer. Aspen is significantly different from traditional models of the economy. Aspen`s emphasis on disequilibrium growth paths, its analysis based on evolution and emergent behavior rather than on a mechanistic view of society, and its use of learning algorithms to simulate the behavior of some agents rather than an assumption of perfect rationality make this model well-suited for analyzing economic variables of interest from transition economies. Preliminary results from several runs of the model are included.

  9. Ecology and economy. Decentralisation, autonomy, small networks. Oekologie und Oekonomie. Dezentralisierung, Selbstverwaltung, kleine Netze

    Energy Technology Data Exchange (ETDEWEB)

    Menard, M.; Bischoff, J.

    1980-01-01

    The green movement challenges workers' unions and socialists. Who are the 'Greens', and what do they want. Where do their theoretical fundamentals come from. Will an ecological economy be able to function. Are the 'Greens' leftists or dreamers fighting against progress. Arguments for trade unionists and socialists in the ecological controversy.

  10. Empirical Analysis on Evolution and Small World Effect of Chinese Enterprise-Enterprise Patent Cooperation Network: From the Perspective of Open Innovation

    Directory of Open Access Journals (Sweden)

    Wei Li

    2013-10-01

    Full Text Available The patent cooperation network which enterprises join is a very important network platform for enterprises’ open innovation. However, very limited work has been done to empirically investigate the dynamic change process of the network in China. To address this issue, this paper analyzes dynamic change process of cooperation network of enterprises and the small-world effect of the biggest subgroup according to the data of 36731 items of cooperative patents between enterprises from 1985 to 2010 published by the State Intellectual Property Office of China. A conclusion can be drawn from the analysis results that the biggest subgroup has the characteristics of small-world effect, but the overall network structure also has some defects, which limit the development of open innovation. For the first time, suggestions on open innovation strategies are put forward to provide theoretical reference for both the government and enterprises.

  11. Numerical Research on Flow Characteristics around a Hydraulic Turbine Runner at Small Opening of Cylindrical Valve

    Directory of Open Access Journals (Sweden)

    Zhenwei Mo

    2016-01-01

    Full Text Available We use the continuity equation and the Reynolds averaged Navier-Stokes equations to study the flow-pattern characteristics around a turbine runner for the small-opening cylindrical valve of a hydraulic turbine. For closure, we adopt the renormalization-group k-ε two-equation turbulence model and use the computational fluid dynamics (CFD software FLUENT to numerically simulate the three-dimensional unsteady turbulent flow through the entire passage of the hydraulic turbine. The results show that a low-pressure zone develops around the runner blades when the cylindrical valve is closed in a small opening; cavitation occurs at the blades, and a vortex appears at the outlet of the runner. As the cylindrical valve is gradually closed, the flow velocity over the runner area increases, and the pressure gradient becomes more significant as the discharge decreases. In addition, the fluid flow velocity is relatively high between the lower end of the cylindrical valve and the base, so that a high-velocity jet is easily induced. The calculation and analysis provide a theoretical basis for improving the performance of cylindrical-valve operating systems.

  12. From war economies to peace economies in Africa | Broodryk ...

    African Journals Online (AJOL)

    One reason for the persistence and protracted nature of conflict on the. African continent is the phenomenon of war economies. These have transformed the nature of war itself where the object is not at neutralizing an enemy but to institutionalize violence at a profitable level of intensity. Transforming war economies into ...

  13. The Collaborative Economy

    DEFF Research Database (Denmark)

    Avital, Michel; Andersson, Magnus; Nickerson, Jeffrey

    2014-01-01

    An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy...... of “sharing” translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm...... as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies...

  14. The Political Economy of "Open Regionalism" and Education in Small (and Micro) States: The Construction of the Caribbean Educational Policy Space in CARICOM

    Science.gov (United States)

    Jules, Tavis D.

    2014-01-01

    In this era of amplified regionalisation, the Economic Commission for Latin America and the Caribbean's (ECLAC) conceptualisation of 'open regionalism' is pertinent to examine the role of regional governance mechanisms in constructing what I call the "Caribbean Educational Policy Space." With the aid of a latent content analysis of…

  15. Estimating size and scope economies in the Portuguese water sector using the Bayesian stochastic frontier analysis

    Energy Technology Data Exchange (ETDEWEB)

    Carvalho, Pedro, E-mail: pedrocarv@coc.ufrj.br [Computational Modelling in Engineering and Geophysics Laboratory (LAMEMO), Department of Civil Engineering, COPPE, Federal University of Rio de Janeiro, Av. Pedro Calmon - Ilha do Fundão, 21941-596 Rio de Janeiro (Brazil); Center for Urban and Regional Systems (CESUR), CERIS, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon (Portugal); Marques, Rui Cunha, E-mail: pedro.c.carvalho@tecnico.ulisboa.pt [Center for Urban and Regional Systems (CESUR), CERIS, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon (Portugal)

    2016-02-15

    This study aims to search for economies of size and scope in the Portuguese water sector applying Bayesian and classical statistics to make inference in stochastic frontier analysis (SFA). This study proves the usefulness and advantages of the application of Bayesian statistics for making inference in SFA over traditional SFA which just uses classical statistics. The resulting Bayesian methods allow overcoming some problems that arise in the application of the traditional SFA, such as the bias in small samples and skewness of residuals. In the present case study of the water sector in Portugal, these Bayesian methods provide more plausible and acceptable results. Based on the results obtained we found that there are important economies of output density, economies of size, economies of vertical integration and economies of scope in the Portuguese water sector, pointing out to the huge advantages in undertaking mergers by joining the retail and wholesale components and by joining the drinking water and wastewater services. - Highlights: • This study aims to search for economies of size and scope in the water sector; • The usefulness of the application of Bayesian methods is highlighted; • Important economies of output density, economies of size, economies of vertical integration and economies of scope are found.

  16. Estimating size and scope economies in the Portuguese water sector using the Bayesian stochastic frontier analysis

    International Nuclear Information System (INIS)

    Carvalho, Pedro; Marques, Rui Cunha

    2016-01-01

    This study aims to search for economies of size and scope in the Portuguese water sector applying Bayesian and classical statistics to make inference in stochastic frontier analysis (SFA). This study proves the usefulness and advantages of the application of Bayesian statistics for making inference in SFA over traditional SFA which just uses classical statistics. The resulting Bayesian methods allow overcoming some problems that arise in the application of the traditional SFA, such as the bias in small samples and skewness of residuals. In the present case study of the water sector in Portugal, these Bayesian methods provide more plausible and acceptable results. Based on the results obtained we found that there are important economies of output density, economies of size, economies of vertical integration and economies of scope in the Portuguese water sector, pointing out to the huge advantages in undertaking mergers by joining the retail and wholesale components and by joining the drinking water and wastewater services. - Highlights: • This study aims to search for economies of size and scope in the water sector; • The usefulness of the application of Bayesian methods is highlighted; • Important economies of output density, economies of size, economies of vertical integration and economies of scope are found.

  17. Perspective on small and medium size reactors

    International Nuclear Information System (INIS)

    Stahlkopf, K.E.; Braun, C.

    1985-01-01

    There has been renewed interests in the United States in small and medium size nuclear power plants (600 MWe or less). The reasons for this include: (1) there is a large uncertainty in load growth projections. Small to medium size nuclear power plants may be better suited to meet uncertain load growth projections. (2) It has been argued that a large economy of scale exists because of the nature of nuclear power installations. A recent examination of the French program shows that no economy of scale exists between the 900 MWe and 1300 MWe plants. Others have suggested that it is possible to reduce the economy of scale so it is not a prohibitive factor. (3) In the past in the United States, it has been customary for several smaller utilities to share the output of a large nuclear plant to take advantage of the perceived economy of scale. Difficulties have been encountered by some of these enterprises. (4) An examination of capacity factors for the United States shows that plants of smaller output appear to operate more reliably and economically than larger plants

  18. Political economies and environmental futures for the sharing economy

    Science.gov (United States)

    Frenken, Koen

    2017-05-01

    The sudden rise of the sharing economy has sparked an intense public debate about its definition, its effects and its future regulation. Here, I attempt to provide analytical guidance by defining the sharing economy as the practice that consumers grant each other temporary access to their under-utilized physical assets. Using this definition, the rise of the sharing economy can be understood as occurring at the intersection of three salient economic trends: peer-to-peer exchange, access over ownership and circular business models. I shortly discuss some of the environmental impacts of online sharing platforms and then articulate three possible futures of the sharing economy: a capitalist future cumulating in monopolistic super-platforms allowing for seamless services, a state-led future that shifts taxation from labour to capital and redistributes the gains of sharing from winners to losers, and a citizen-led future based on cooperatively owned platforms under democratic control. The nature and size of the social and environmental impacts are expected to differ greatly in each of the three scenarios. This article is part of the themed issue 'Material demand reduction'.

  19. Data-Driven Innovation through Open Government Data

    DEFF Research Database (Denmark)

    Jetzek, Thorhildur; Avital, Michel; Bjørn-Andersen, Niels

    2014-01-01

    The exponentially growing production of data and the social trend towards openness and sharing are power-ful forces that are changing the global economy and society. Governments around the world have become active participants in this evolution, opening up their data for access and reuse by public...... and private agents alike. The phenomenon of Open Government Data has spread around the world in the last four years, driven by the widely held belief that use of Open Government Data has the ability to generate both economic and social value. However, a cursory review of the popular press, as well...... as an investigation of academic research and empirical data, reveals the need to further understand the relationship between Open Government Data and value. In this paper, we focus on how use of Open Government Data can bring about new innovative solutions that can generate social and economic value. We apply...

  20. Formalising Living Labs to achieve organisational objectives in emerging economies

    CSIR Research Space (South Africa)

    Smit, D

    2011-05-01

    Full Text Available Conference Proceedings Paul Cunningham and Miriam Cunningham (Eds) IIMC International Information Management Corporation, 2011 ISBN: 978-1-905824-24-3 Formalising Living Labs to Achieve Organisational Objectives in Emerging Economies Danie SMIT1... organisation, a university) in the innovation process. In contrast to closed- innovation where firms only use internal sources, open-innovation suggests the companies use both external and internal sources. This shift in innovation paradigm becomes more...

  1. 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...

  2. A system dynamics model of coordinated development of central and provincial economy and oil enterprises

    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

  3. 49 CFR 537.9 - Determination of fuel economy values and average fuel economy.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 6 2010-10-01 2010-10-01 false Determination of fuel economy values and average fuel economy. 537.9 Section 537.9 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION AUTOMOTIVE FUEL ECONOMY REPORTS § 537.9 Determination of fuel...

  4. „Austrian Transition to Open Access“ 2017–2020

    Directory of Open Access Journals (Sweden)

    Bauer, Bruno

    2017-12-01

    Full Text Available In December the higher education structural funds project (Hochschulraumstrukturmittelprojekt “Austrian Transition to Open Access (AT2OA“ was authorised by the Austrian Federal Ministry of Science, Research and Economy. The 21 public universities cooperate on this project running from 2017 to 2020 in order to promote open access through concerted measures. Constitutive on OANA’s “suggestions for the implementation of Open Access in Austria” published in 2015 four subprojects have been developed. These subprojects’ main focuses are drafting an expert’s report about the financial impact of a total adjustment to open access on a national and institutional basis, the extension of existing consortium licences with an open access component, establishment of an open access publishing fund as well as the promotion of open access monographs and suitable open access infrastructures.

  5. Opening stages of the marathon at the Maltings

    International Nuclear Information System (INIS)

    Anon.

    1983-01-01

    In this report on the opening stages of the public inquiry into plans to build a new nuclear power station at Sizewell in Suffolk based on the pressurised water reactor system, the opening address of Lord Silsoe QC and the evidence of J. Baker, R. Mathews and J. Wright, all appearing for the CEGB, are summarized. Arguments examined included, economy, siting, safety, diversification of fuel supplies, and the question of using renewable energy sources for alternative power generation. (U.K.)

  6. Signs of political economy

    Directory of Open Access Journals (Sweden)

    Bernard Lamizet

    2015-12-01

    Full Text Available Like any political system, economy is a system of signs and representations. The Semiotics of economy elaborates its analytical methods to interpret such signs, which give meaning to the economy by representing its performances in public debate and in the media. Four major features distinguish the Semiotics of political economy from other semiotic forms or other systems of information and political representation. First of all, the relationship between the signification of the economy and the real or the imaginary phenomena to which they refer always pertains to the order of values. The second characteristic of economic signs is the significance of the state of lack they express. The third characteristic of signs of the economy is the form of sign production, which can be designated by the concept of emission of signs and their diffusion. Finally, as all signs, the economic sign is arbitrary. In the field of Economics, such arbitrariness does not imply that the Subject is free to superimpose whatever value to the signs themselves, but refers to the rupture between the world and its possible transformation. The very meaning of the word economy is here at stake. Oikos, in Greek (the term from which the word economy is derived refers to a known, familiar space. Economy transforms the real, natural world into a symbolic social world, into a world of relations with others whom we recognise and whose actions are relatively predictable. It might be useful to consider the contemporary issue of debt, its implications and its multiple meanings, which includes both the ethical and moral dimension of the condemnation of debt as well as the imaginary political dimension based on the expression of an idea of independence.

  7. Business models of sharing economy companies : exploring features responsible for sharing economy companies’ internationalization

    OpenAIRE

    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...

  8. Hydrogen economy

    Energy Technology Data Exchange (ETDEWEB)

    Pahwa, P.K.; Pahwa, Gulshan Kumar

    2013-10-01

    In the future, our energy systems will need to be renewable and sustainable, efficient and cost-effective, convenient and safe. Hydrogen has been proposed as the perfect fuel for this future energy system. The availability of a reliable and cost-effective supply, safe and efficient storage, and convenient end use of hydrogen will be essential for a transition to a hydrogen economy. Research is being conducted throughout the world for the development of safe, cost-effective hydrogen production, storage, and end-use technologies that support and foster this transition. This book discusses hydrogen economy vis-a-vis sustainable development. It examines the link between development and energy, prospects of sustainable development, significance of hydrogen energy economy, and provides an authoritative and up-to-date scientific account of hydrogen generation, storage, transportation, and safety.

  9. Understanding User Behavioral Patterns in Open Knowledge Communities

    Science.gov (United States)

    Yang, Xianmin; Song, Shuqiang; Zhao, Xinshuo; Yu, Shengquan

    2018-01-01

    Open knowledge communities (OKCs) have become popular in the era of knowledge economy. This study aimed to explore how users collaboratively create and share knowledge in OKCs. In particular, this research identified the behavior distribution and behavioral patterns of users by conducting frequency distribution and lag sequential analyses. Some…

  10. Information security awareness in small information technology-dependent business organisations

    OpenAIRE

    2015-01-01

    M.A. (Business Management) Small businesses thrive in the developing economy of South Africa and address the important issue of unemployment and poverty that exist in the country. A large number of these business organisations can be found in the province of Gauteng because of the large and diverse economic contribution the province delivers to the economy of South Africa. With the increased use of technology in the small businesses of Gauteng and South Africa, the risks around cyber-secur...

  11. Political economies and environmental futures for the sharing economy.

    Science.gov (United States)

    Frenken, Koen

    2017-06-13

    The sudden rise of the sharing economy has sparked an intense public debate about its definition, its effects and its future regulation. Here, I attempt to provide analytical guidance by defining the sharing economy as the practice that consumers grant each other temporary access to their under-utilized physical assets. Using this definition, the rise of the sharing economy can be understood as occurring at the intersection of three salient economic trends: peer-to-peer exchange, access over ownership and circular business models. I shortly discuss some of the environmental impacts of online sharing platforms and then articulate three possible futures of the sharing economy: a capitalist future cumulating in monopolistic super-platforms allowing for seamless services, a state-led future that shifts taxation from labour to capital and redistributes the gains of sharing from winners to losers, and a citizen-led future based on cooperatively owned platforms under democratic control. The nature and size of the social and environmental impacts are expected to differ greatly in each of the three scenarios.This article is part of the themed issue 'Material demand reduction'. © 2017 The Authors.

  12. Political economies and environmental futures for the sharing economy

    Science.gov (United States)

    2017-01-01

    The sudden rise of the sharing economy has sparked an intense public debate about its definition, its effects and its future regulation. Here, I attempt to provide analytical guidance by defining the sharing economy as the practice that consumers grant each other temporary access to their under-utilized physical assets. Using this definition, the rise of the sharing economy can be understood as occurring at the intersection of three salient economic trends: peer-to-peer exchange, access over ownership and circular business models. I shortly discuss some of the environmental impacts of online sharing platforms and then articulate three possible futures of the sharing economy: a capitalist future cumulating in monopolistic super-platforms allowing for seamless services, a state-led future that shifts taxation from labour to capital and redistributes the gains of sharing from winners to losers, and a citizen-led future based on cooperatively owned platforms under democratic control. The nature and size of the social and environmental impacts are expected to differ greatly in each of the three scenarios. This article is part of the themed issue ‘Material demand reduction’. PMID:28461431

  13. Options for small and medium sized reactors (SMRs) to overcome loss of economies of scale and incorporate increased proliferation resistance and energy security

    International Nuclear Information System (INIS)

    Kuznetsov, Vladimir

    2008-01-01

    The designers of innovative small and medium sized reactors pursue new design and deployment strategies making use of certain advantages provided by smaller reactor size and capacity to achieve reduced design complexity and simplified operation and maintenance requirements, and to provide for incremental capacity increase through multi-module plant clustering. Competitiveness of SMRs depends on the incorporated strategies to overcome loss of economies of scale but equally it depends on finding appropriate market niches for such reactors. For many less developed countries, these are the features of enhanced proliferation resistance and increased robustness of barriers for sabotage protection that may ensure the progress of nuclear power. For such countries, small reactors without on-site refuelling, designed for infrequent replacement of well-contained fuel cassette(s) in a manner that impedes clandestine diversion of nuclear fuel material, may provide a solution. Based on the outputs of recent IAEA activities for innovative SMRs, the paper provides a summary of the state-of-the-art in approaches to improve SMR competitiveness and incorporate enhanced proliferation resistance and energy security. (author)

  14. 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

  15. Economical and geopolitical aspects bond to the foreseen development of the natural gas in an open market

    International Nuclear Information System (INIS)

    2001-12-01

    For the first time in 2000, the part of natural gas is equal to those of coal in the world energy accounting. The economy and the geo-policy of this developing energy is analyzed, showing an economy dominated by the transport costs, the specificity of the european sector and the opening market since 1980. The european market opening incertitudes and opportunities are detailed. In conclusion the Gaz De France role in the european energy pole and the new regulations are discussed. (A.L.B.)

  16. OPEN MINDS DEVELOP GREEN BUSINESS

    Directory of Open Access Journals (Sweden)

    BURDUF (MIERLARU ANDREEA ELENA

    2014-06-01

    Full Text Available Because of the high costs related to environmental and climate protection, green products and green energy sources, firms are not interested in reducing environment-unfriendly activities. But even large companies can afford allocating money for research? Apple won a patent which, if used in the near future, it could transform into a mobile IPhone 5 obsolete and polluting the atmosphere. Apple patent obtained is related to the integration of a touchscreen display has a solar charging system. But who was the open mind behing the rise of Apple? Steve Jobs dropped out of college after six months and spent the next eighteen months attend on creative classes. Starting with the definition of green economy, the purpose of this paper is to analyse how to reduce environmental risks, so the economy becomes a component of the ecosystem in which it resides. A person with completed studies can be a skilled specialist who has mastered the field, but condemned to be only professional competent, but not an open mind who contribute to innovation. In conclusion, the future of the planet depends on business decisions, and whether they will be good, earth will be a place that future generations will enjoy it.

  17. 76 FR 28623 - Small Business Week, 2011

    Science.gov (United States)

    2011-05-18

    ... workers and create two out of every three new private sector jobs. Small businesses embody the promise of... American competitiveness abroad and create good jobs here at home. We continue to create opportunities for... contributions of small businesses to the competitiveness of the American economy with appropriate programs and...

  18. OSH management in small and micro enterprises

    NARCIS (Netherlands)

    Zwetsloot, G.I.J.M.

    2014-01-01

    Small and medium-sized enterprises (SMEs) are widely acknowledged as the backbone of the European economy. According to EUROSTAT statistics [1], [2], 29.6% of the EU employees work in micro enterprises (<10 employees), while 20.6 % are employed in small firms (<50 employees). Indeed, half of the

  19. The Analysis of Development in Lithuanian Economy and Business

    OpenAIRE

    Jakutis, Algirdas

    2006-01-01

    In this article development tendencies of Lithuanian economy and business are analyzed. The paper examines the most important causes of gross domestic product changes since restoration of Lithuania's independence. Processes of privatization, their influence on business are analyzed. A brief analysis of development trends of small and medium-sized business in presented. Business development process is analyzed, technological indicators suggested. The article considers business financing issues...

  20. Sustainable degrowth through more amateur economy

    DEFF Research Database (Denmark)

    Nørgaard, Jørgen

    2010-01-01

    (back) from the prof. economy to the amateur economy will be less productive than the prof. economy in terms of output per man hour, but often more 'productive' in generating satisfaction and happiness in the process. Such a shift can create more ultimate benefit (happiness), but less product output......By a simple descriptive model is illustrated how the role of labor input tothe economy will have to revised in a degrowth economy. A destinction is made btween the Professional (GDP) economy, driven by money, and the Amateur economy (voluntary) driven by love. Shifting some economic activities...

  1. Welfare-based optimal monetary policy in a two-sector small open economy

    Czech Academy of Sciences Publication Activity Database

    Rychalovska, Yuliya

    -, č. 16 (2007), s. 1-46 ISSN 1803-2397 Institutional research plan: CEZ:AV0Z70850503 Keywords : DSGE models * optimal monetary policy * non-traded goods Subject RIV: AH - Economics http://www.cnb.cz/m2export/sites/www.cnb.cz/en/research/research_publications/cnb_wp/download/cnbwp_2007_16.pdf

  2. The Meaning of Foreign Investment in the Chinese Economy. Training Discussion Paper No. 39.

    Science.gov (United States)

    Castro, Claudio de Moura

    As the Chinese economy opens up to the outside world, the decision to engage in joint ventures with foreign capital is among the most important national policies. Significant direct consequences of joint ventures are the influx of foreign capital, expanding exports, and employment creation. However, the great importance of joint ventures lies in…

  3. Project-based knowledge in organizing open innovation

    CERN Document Server

    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 ...

  4. Knowledge for a sustainable economy. Knowledge questions around the Dutch Memorandum on Environment and Economy ('Nota Milieu en Economie'); Kennis voor een duurzame economie. Kennisvragen rond de Nota Milieu en Economie

    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.

  5. Implementation of the knowledge economy paradigm in the strategy of national economy development

    Directory of Open Access Journals (Sweden)

    Dmytro Lukianenko

    2013-08-01

    Full Text Available This paper studies the knowledge economy paradigm and the factors of its influence on the development of national economies in the context of transformation of the global competitive environment. It has been methodologically identified the basic categories and concepts concerning the determination of key factors and parameters of modern economic systems. It has been proved through the example of South Korea that implementation of the knowledge economy paradigm in long-term strategies initiated and supported by the state provides new opportunities of socio-economic progress. The basic problems of innovation-driven development of Ukraine’s economy through an assessment of its readiness to transition to the knowledge economy, compared with South Korea. The latter’s experience, despite the objective limitations, is regarded as an example of strategic success in formation of a creative innovation system.

  6. Free variable economy

    NARCIS (Netherlands)

    Roelofsen, F.

    2009-01-01

    Several authors have recently argued that semantic interpretation is subject to economy constraints. In particular, Fox (1999) argued that the interpretation of pronouns is subject to BINDING ECONOMY, which favors local binding over non-local binding. The present paper points out a problem for

  7. From shop fronts to home offices: Entrepreneurship and small business dynamics in urban residential neighbourhoods

    NARCIS (Netherlands)

    Folmer, E.C.

    2014-01-01

    This dissertation is about neighbourhood economies of urban residential neighbourhoods: it is about the people, the places and the institutions that shape neighbourhood economies. The neighbourhood economy includes shops, offices and also home-based business. As such, these mostly involve small to

  8. Food production in solidarity economy: an issue that goes beyond laws

    Directory of Open Access Journals (Sweden)

    Simone WESCHENFELDER

    2016-01-01

    Full Text Available Abstract Food production within the context of solidarity economy is an alternative way to offer employment and income for a significant part of the Brazilian population. The purpose of this study was to carry out a business diagnosis in order to evaluate the facilities, the production process and hygiene practices of seven solidarity economy enterprises located in the city of Novo Hamburgo, Southern Brazil, that work with food production and sales. Visits took place at the enterprises and a check-list was used to record data. Although food production happens in places with space and setting restrictions, it guarantees distinctive foods with aggregate value, where handlers follow the whole process, from raw materials selection to sales. Basic hygiene principles are followed, as they guarantee the production of food with quality, which contributes towards income generation for participating families. Specific laws that apply to the characteristics and needs of small-scale food production must be written in order to regulate solidarity economy enterprises.

  9. Heat Release Rate of an Open Kitchen Fire of Small Residential Units in Tall Buildings

    OpenAIRE

    Chow, W.K.

    2014-01-01

    Many small units of area less than 30 m2 in residential buildings over 200 m tall are equipped with open kitchens in Asia, including Hong Kong. Fire safety provisions of these kitchens are determined by performance-based design (PBD). In most PBD projects, only the spread of smoke from the kitchen on fire to the outside was commonly studied. However, a fire load survey in Hong Kong indicated large quantities of combustibles are stored in residential units. Cooking oil was found to be ignited ...

  10. CURRENT TRENDS IN THE KNOWLEDGE ECONOMY

    Directory of Open Access Journals (Sweden)

    Ciprian Ionel HRETCANU

    2015-07-01

    Full Text Available In this paper we discuss various aspects of the current economy known as the knowledge economy. Also we will review two indicators of this new economy, because these indicators presents a general plan on access, use and degree of diffusion of knowledge. Then, based on these indicators and taking into account other aspects, we outline the structure relations between "new economy" and "digital economy". Finally we present the main types of business existing in the digital economy.

  11. IMPLEMENTING SMALL AND MEDIUM IT PROJECTS IN SMALL AND MEDIUM ENERPRISES

    Directory of Open Access Journals (Sweden)

    Felix DUMITRESCU

    2014-06-01

    Full Text Available Information technology is essential nowadays for all companies. Small enterprises are an important part of the economy and this article aims at providing some useful insight in implementing modern IT projects to their benefit. Due to the limited funding available for the IT infrastructure in most start-ups and small businesses, the projects should be adapted to fulfill the needs of the company for the lowest cost. The paper will start by defining small and medium project management theory and outlining the target of the study, small and medium sized companies. Next it will show a number of case studies of IT projects implemented in different types of small companies in Romania. Based on these implementations the article will draw some conclusions relevant to most small companies which need to design or improve their IT infrastructure.

  12. The emerging threats of climate change on tropical coastal ecosystem services, public health, local economies and livelihood sustainability of small islands: Cumulative impacts and synergies.

    Science.gov (United States)

    Hernández-Delgado, E A

    2015-12-15

    Climate change has significantly impacted tropical ecosystems critical for sustaining local economies and community livelihoods at global scales. Coastal ecosystems have largely declined, threatening the principal source of protein, building materials, tourism-based revenue, and the first line of defense against storm swells and sea level rise (SLR) for small tropical islands. Climate change has also impacted public health (i.e., altered distribution and increased prevalence of allergies, water-borne, and vector-borne diseases). Rapid human population growth has exacerbated pressure over coupled social-ecological systems, with concomitant non-sustainable impacts on natural resources, water availability, food security and sovereignty, public health, and quality of life, which should increase vulnerability and erode adaptation and mitigation capacity. This paper examines cumulative and synergistic impacts of climate change in the challenging context of highly vulnerable small tropical islands. Multiple adaptive strategies of coupled social-ecological ecosystems are discussed. Multi-level, multi-sectorial responses are necessary for adaptation to be successful. Copyright © 2015 Elsevier Ltd. All rights reserved.

  13. ECONOMY AND SOCIAL ENVIRONMENT

    Directory of Open Access Journals (Sweden)

    Oleg BOGOMOLOV

    2008-12-01

    Full Text Available Market reforms in the post-socialist countries have brought into sharp focus the problem of interconnection and interaction between the economy and the social environment. The economy is inseparable from politics and the operation of the political system, from the state of the social consciousness, the moral and cultural level of the population and from many other aspects of human life and behavior, in short, from everything that can be described by the concept of social environment. Society in every country is a single organism with closely interconnected and interacting parts and systems. Their conjugation and mutual influence are not always apparent and are often overlooked. It is quite easy to see how changes in policy affect the economy and then trace the feedback effect of the economy on policy. It is more difficult to discern the direct and feedback relationship of the economy with administrative relations, with the state of culture, science, morals and public opinion. Meanwhile, an underestimation of these mutual influences is a frequent cause of failures in socio-economic transformation. It is to be regretted that the reforms in Russia were accompanied by a dangerous disruption not only of the economy, but also of the entire system of social relations. What was primary here and what was secondary? In order to answer this question the paper takes a theoretical look at the problem of interaction between the economy and the social environment.

  14. The global household: toward a feminist postcapitalist international political economy.

    Science.gov (United States)

    Safri, Maliha; Graham, Julie

    2010-01-01

    The goal of this article is to introduce a new category into international political economy-the global household-and to begin to widen the focus of international political economy to include nonmarket transactions and noncapitalist production. As an economic institution composed of transnational extended families and codwellers (including international migrants and family members left behind in countries of origin), the global household is engaged in coordinating international migration, sending and receiving billions of dollars in remittances, and organizing and conducting market- and non-market-oriented production on an international scale. We first trace the discursive antecedents of the global household concept to theories of the household as a site of noncapitalist production and to feminist ethnographies of transnational families. In order to demonstrate the potential significance and effect of this newly recognized institution, we estimate the aggregate population of global households, the size and distribution of remittances, and the magnitude and sectoral scope of global household production. We then examine the implications of the global household concept for three areas of inquiry: globalization, economic development, and the household politics of economic transformation. Finally, we briefly explore the possibilities for research and activism opened up by a feminist, postcapitalist international political economy centered on the global household.

  15. Historical Improvement in Speed Skating Economy.

    Science.gov (United States)

    Noordhof, Dionne A; van Tok, Elmy; Joosten, Florentine S J G M; Hettinga, Florentina J; Hoozemans, Marco J M; Foster, Carl; de Koning, Jos J

    2017-02-01

    Half the improvement in 1500-m speed-skating world records can be explained by technological innovations and the other half by athletic improvement. It is hypothesized that improved skating economy is accountable for much of the athletic improvement. To determine skating economy in contemporary athletes and to evaluate the change in economy over the years. Contemporary skaters of the Dutch national junior team (n = 8) skated 3 bouts of 6 laps at submaximal velocity, from which skating economy was calculated (in mL O 2 ・ kg -1 ・ km -1 ). A literature search provided historic data on skating velocity and submaximal V̇O 2 (in mL ・ kg -1 ・ min -1 ), from which skating economy was determined. The association between year and skating economy was determined using linear-regression analysis. Correcting the change in economy for technological innovations resulted in an estimate of the association between year and economy due to athletic improvement. A mean (± SD) skating economy of 73.4 ± 6.4 mL O 2 ・ kg -1 ・ km -1 was found in contemporary athletes. Skating economy improved significantly over the historical time frame (-0.57 mL O 2 ・ kg -1 ・ km -1 ・ y -1 , 95% confidence interval [-0.84, -0.31]). In the final regression model for the klapskate era, with altitude as confounder, skating economy improved with a nonsignificant -0.58 mL O 2 ・ kg -1 ・ km -1 ・ y -1 ([-1.19, 0.035]). Skating economy was 73.4 ± 6.4 mL O 2 ・ kg -1 ・ km -1 in contemporary athletes and improved over the past ~50 y. The association between year and skating economy due to athletic improvement, for the klapskate era, approached significance, suggesting a possible improvement in economy over these years.

  16. Geothermal Small Business Workbook [Geothermal Outreach and Project Financing

    Energy Technology Data Exchange (ETDEWEB)

    Elizabeth Battocletti

    2003-05-01

    Small businesses are the cornerstone of the American economy. Over 22 million small businesses account for approximately 99% of employers, employ about half of the private sector workforce, and are responsible for about two-thirds of net new jobs. Many small businesses fared better than the Fortune 500 in 2001. Non-farm proprietors income rose 2.4% in 2001 while corporate profits declined 7.2%. Yet not all is rosy for small businesses, particularly new ones. One-third close within two years of opening. From 1989 to 1992, almost half closed within four years; only 39.5% were still open after six years. Why do some new businesses thrive and some fail? What helps a new business succeed? Industry knowledge, business and financial planning, and good management. Small geothermal businesses are no different. Low- and medium-temperature geothermal resources exist throughout the western United States, the majority not yet tapped. A recent survey of ten western states identified more than 9,000 thermal wells and springs, over 900 low- to moderate-temperature geothermal resource areas, and hundreds of direct-use sites. Many opportunities exist for geothermal entrepreneurs to develop many of these sites into thriving small businesses. The ''Geothermal Small Business Workbook'' (''Workbook'') was written to give geothermal entrepreneurs, small businesses, and developers the tools they need to understand geothermal applications--both direct use and small-scale power generation--and to write a business and financing plan. The Workbook will: Provide background, market, and regulatory data for direct use and small-scale (< 1 megawatt) power generation geothermal projects; Refer you to several sources of useful information including owners of existing geothermal businesses, trade associations, and other organizations; Break down the complicated and sometimes tedious process of writing a business plan into five easy steps; Lead you

  17. Overview of Low-carbon Economy Research

    OpenAIRE

    Fu, Hui

    2010-01-01

    The paper has a detailed literature review in low-carbon economy research of academy circle in our country from three aspects that are conception and connotation of low-carbon economy, necessity and urgency of developing low-carbon economy and path choice of realizing low-carbon economy in our country. Low-carbon economy is the “green economy†that obtains the maximum output by discharging minimum greenhouse gases with the main characteristics of “three low and three high†that are low ...

  18. 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.

  19. 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.

  20. Privatization Framework: Political Economy Perspective

    OpenAIRE

    Bastian, Indra

    2009-01-01

    Privatization has been recognized as a worldwide phenomenon. In this pa-per, a political economy approach is developed to analyze privatization. The ap-proach assumes that political economy and privatization overlap in people’s need. So, the framework of political economy in privatization is based on the ‘need’ phi-losophy. Government and private sectors are contrasted in this respect, leading to a conclusion on privatization as a method to manage the economy. Keywords: privatization, politic...

  1. Control Surface Fault Diagnosis for Small Autonomous Aircraft

    DEFF Research Database (Denmark)

    Hansen, Søren; Blanke, Mogens

    2011-01-01

    Small unmanned aerial vehicles require a large degree of fault-tolerance in order to fulfil their duties in an satisfactory way, both with respect to economy and safety in operation. Small aerial vehicles are commonly constructed without much redundancy in hardware, primarily for reasons of cost...

  2. Total Productivity Management in Small Industries

    OpenAIRE

    FARAJPOUR-KHANAPOSHTANI, Ghassem; HAYATI, Seyyed Iman

    2015-01-01

    Abstract. The importance of small businesses and SME's has been well established in the literature of the world economy. Thus, both industrialized and developing countries, development, support of small businesses as part and parcel of their productivity strategies have. Small industries are a major driver of employment, economic growth and productivity. About 80% of all companies in the world are less than 10 cases of human resources, so 95% of industries in the UK, Spain and Finland and 94 ...

  3. An Exploration of Open Innovation: An Environmental Scanning Perspective

    Science.gov (United States)

    Elci, Nuray

    2009-01-01

    Globalization and direction toward a knowledge economy, along with an economic downturn, is creating a competitive environment that calls for corporations to become more innovative. As the business environment becomes more competitive and dynamic, corporations are looking for new ways of achieving innovation. Open innovation is one approach that…

  4. Youth and the New Economy=Les jeunes et la nouvelle economie.

    Science.gov (United States)

    Community Perspectives Series, 2002

    2002-01-01

    This Community Perspective Series document includes statements about young people in the new economy of Toronto made by three participants in the October 2000 annual general meeting of the Toronto Training Board. "A Hitchhiker's Guide to the New Economy" (Olivia Chow) suggests that training programs available to young people are…

  5. Are transition economy workers underpaid?

    OpenAIRE

    Adamchik, Vera A.; Brada, Josef C.; King, Arthur E.

    2009-01-01

    We examine the extent to which workers in transition and developed market economies are able to obtain wages that fully reflect their skills and labor force characteristics. We find that workers in two transition economies, the Czech Republic and Poland, are able to better attain the maximum wage available than are workers in a sample of developed market economies. This greater wage-setting efficiency in the transition economies ap-pears to be more the result of social and demographic charact...

  6. Child Care and the New Economy: Part I--Three Pillars of the New Economy

    Science.gov (United States)

    Neugebauer, Roger

    2009-01-01

    Late in 2008, when it was becoming apparent that the economic downturn was not a simple blip but a serious recession, Warren Buffet confidently predicted that the American economy would bounce back and be as strong as ever. However, he observed, "the economy that emerges will not be the same economy that entered the downturn." Since then, one…

  7. Theory and evidence for using the economy-of-scale law in power plant economics

    International Nuclear Information System (INIS)

    Phung, D.L.

    1987-05-01

    This report compiles theory and evidence for the use of the economy-of-scale law in energy economics, particularly in the estimation of capital costs for coal-fired and nuclear power plants. The economy-of-scale law is widely used in its simplest form: cost is directly proportional to capacity raised to an exponent. An additive constant is an important component that is not generally taken into account. Also, the economy of scale is perforce valid only over a limited size range. The majority of engineering studies have estimated an economy of scale exponent of 0.7 to 0.9 for coal-fired plants and an exponent of 0.4 to 0.6 for nuclear plants in the capacity ranges of 400 to 1000 MWe. However, the majority of econometric analyses found little or no economy of scale for coal-fired plants and only a slight economy of scale for nuclear plants. This disparity is explained by the fact that economists have included regulatory and time-related costs in addition to the direct and indirect costs used by the engineers. Regulatory and time-related costs have become an increasingly larger portion of total costs during the last decade. In addition, these costs appeared to have either a very small economy of scale or to be increasing as the size of the power plant increased. We conclude that gains in economy of scale can only be made by reducing regulatory and time-related costs through design standardization and regulatory stability, in combination with more favorable economic conditions. 59 refs

  8. Organizational Culture and Open Innovation Performance in Small and Medium-sized Enterprises (SMEs in Poland

    Directory of Open Access Journals (Sweden)

    Mazur Jolanta

    2016-09-01

    Full Text Available This study investigates the links between organizational culture, the use of open innovation sources and the performance of SMEs. The main hypothesis of the study is that a special type of organizational culture (termed innovative culture, which fosters creativity, learning and inter-employee cooperation – will correspond with a greater scope of open innovation sources and higher levels of innovative, operational and financial performance. The study was based on a representative CATI survey of 473 SMEs operating in manufacturing and services industries in Poland. Our statistical analysis relied on building and testing structural equation model with the AMOS software. The findings confirmed a positive association between innovative culture and the scope of open sources of innovation. However, innovative culture had no direct effect on the percentage of sales from new and modified products, which is often used as a metric of innovativeness, but did show a positive influence on an index of operational performance and ROI. Such statistical patterns suggest that fostering innovative culture is beneficial to a company, though probably not through an increased number of product innovations, but rather via process, administrative and marketing innovations, as well as other gains in efficiency attained due to more streamlined employee cooperation and knowledge exchange. The study adds to the existing body of knowledge in management science by providing a better understanding of mechanisms underlying innovative culture’s impacts on open innovation practices and metrics of operational and financial performance in the context of small and medium enterprises.

  9. Regulating the sharing economy

    Directory of Open Access Journals (Sweden)

    Kristofer Erickson

    2016-06-01

    Full Text Available In this introductory essay, we explore definitions of the ‘sharing economy’, a concept indicating both social (relational, communitarian and economic (allocative, profit-seeking aspects which appear to be in tension. We suggest combining the social and economic logics of the sharing economy to focus on the central features of network enabled, aggregated membership in a pool of offers and demands (for goods, services, creative expressions. This definition of the sharing economy distinguishes it from other related peer-to-peer and collaborative forms of production. Understanding the social and economic motivations for and implications of participating in the sharing economy is important to its regulation. Each of the papers in this special issue contributes to knowledge by linking the social and economic aspects of sharing economy practices to regulatory norms and mechanisms. We conclude this essay by suggesting future research to further clarify and render intelligible the sharing economy, not as a contradiction in terms but as an empirically observable realm of socio-economic activity.

  10. 172 Networks, Micro Small Enterprises (MSE'S) and Performance ...

    African Journals Online (AJOL)

    User

    It is no doubt that the role of entrepreneurship in the emerging economies such like Kenya ... understand networking and small business performance as there is no single general ... solution for small firm development (Borg 1991, Donckels and Lambrecht. 1995 ..... Scandinavian Journal of Management , 31 (3/4), 83-99.

  11. Cost Optimization Through Open Source Software

    Directory of Open Access Journals (Sweden)

    Mark VonFange

    2010-12-01

    Full Text Available The cost of information technology (IT as a percentage of overall operating and capital expenditures is growing as companies modernize their operations and as IT becomes an increasingly indispensable part of company resources. The price tag associated with IT infrastructure is a heavy one, and, in today's economy, companies need to look for ways to reduce overhead while maintaining quality operations and staying current with technology. With its advancements in availability, usability, functionality, choice, and power, free/libre open source software (F/LOSS provides a cost-effective means for the modern enterprise to streamline its operations. iXsystems wanted to quantify the benefits associated with the use of open source software at their company headquarters. This article is the outgrowth of our internal analysis of using open source software instead of commercial software in all aspects of company operations.

  12. Management of small and medium size enterprises as a carrier of economic growth

    Directory of Open Access Journals (Sweden)

    Ožegović Lazar

    2012-01-01

    Full Text Available Numerous studies in the world of market economy show that the share of small and medium size enterprises is constantly increasing compared to large enterprises. This does not decrease the significance of large enterprises, but the dependence between them gets larger every day. National economies which manage to find the optimal combination between small, medium size and large enterprises are more successful than the others. Management of small and medium size enterprises (SMEs in conceptual terms is similar to the process of management of large enterprises. An organization must be managed in order to function and this rule applies to small and medium size enterprises.

  13. Green economy and related concepts

    NARCIS (Netherlands)

    Loiseau, Eleonore; Saikku, Laura; Antikainen, Riina; Droste, Nils; Hansjürgens, Bernd; Pitkänen, Kati; Leskinen, Pekka; Kuikman, Peter; Thomsen, Marianne

    2016-01-01

    For the last ten years, the notion of a green economy has become increasingly attractive to policy makers. However, green economy covers a lot of diverse concepts and its links with sustainability are not always clear. In this article, we focus on definitions of green economy and related concepts

  14. Knowledge Economy and Research Innovation

    Science.gov (United States)

    Bastalich, Wendy

    2010-01-01

    The "knowledge economy" has been received with considerable scepticism by scholars within the fields of political economy, social and political philosophy, and higher education. Key arguments within this literature are reviewed in this article to suggest that, despite policy claims, "knowledge economy" does not describe a "new" mode of economic…

  15. IMPROVEMENT OF SMALL BUSINESS CREDIT IN RUSSIA

    OpenAIRE

    Klimova N. V.; Shapovalova G. I.

    2015-01-01

    Small business is the basis for the development of the national economy, providing 60% of revenues in foreign countries. In Russia, this sector is developing slowly due to lack of funding. In connection with the development of small business, lending is growing in popularity in this sphere. The state develops a variety of programs to support small businesses in the form of public and private lending institutions, venture capital funds, credit unions. However, the volume of lending to small bu...

  16. Small States, Nationalism and Institutional Capacities

    DEFF Research Database (Denmark)

    Campbell, John L.; Hall, John A.

    2015-01-01

    This paper uses theories of small states (e.g. Katzenstein) and nationalism (e.g. Gellner) to explain why Denmark and Ireland responded to the 2008 financial crisis in different ways. In Denmark, a coordinated market economy with considerable corporatism and state intervention, the private sector...... shouldered much of the financial burden for rescuing the banking sector. In Ireland, a liberal market economy without much corporatism or state intervention, the state shouldered the burden. The difference stems in large part from the fact that Denmark had comparatively thick institutions and a strong sense...

  17. Collaborative Economy and Tourism

    DEFF Research Database (Denmark)

    Dredge, Dianne; Gyimóthy, Szilvia

    2017-01-01

    The digital collaborative economy is one of the most fascinating developments to have claimed our attention in the last decade. Not only does it defy clear definition, but its historical links back to non-monetised sharing and gift economies and its contemporary foundations in monetising idling...... or spare capacity make it difficult to theorise. In this chapter, we lay the foundation for a social science approach to the exploration of the collaborative economy and its relationship with tourism. We argue that “collaborative” and “economy” should be conceptualised in a broad and inclusive manner...... in order to avoid narrow theorisations and blinkered accounts that focus only on digitally-mediated, monetised transactions. A balance between individual and collective dimensions of the collaborative economy is also necessary if we are to understand its societal implications....

  18. Fuel economy handbook

    Energy Technology Data Exchange (ETDEWEB)

    Short, W [ed.

    1979-01-01

    An overview of the UK's energy situation from 1950 to 2020 is presented. Problems are discussed and recommendations are made. A strong argument is presented for energy conservation, greater use of nuclear energy, and restrained production of North Sea oil. Specific recommendations are made for financial and operational considerations of (1) new or replacement boiler plants; (2) space heating of factories, offices and similar buildings; and (3) possible use of various fuels including duel-fuel economics and use of wastes. Tariffs and charges are discussed as well as services (e.g. compressed air, cooling water, sources of waste, etc.). Standby considerations (peak load lopping, turbines-engines, parallel or sectioned operation, etc.) and heat distribution (steam, condensate return and uses) are discussed. Throughout, the emphasis is on fuel economy. Savings in process such as recovering waste heat and the storage of heat are considered. For small industrial furnaces, intermittent heating, heat recovery, and the importance of furnace loading are discussed. (MJJ)

  19. Open table-top device positioning technique to reduce small bowel obstruction. Positioning accuracy and impact on conformal radiation therapy techniques

    International Nuclear Information System (INIS)

    Rudat, V.; Flentje, M.; Engenhart, R.; Metzger, M.; Wannenmacher, M.

    1995-01-01

    The immobilization error of patients positioned on the opern table-top device in prone prosition as well as the movement of the small bowel out of the pelvis by this positioning technique was determined. The positioning error is of special importance for the 3-dimensional treatment planning for conformal radiotherapy. The positioning error was determined by superposing 106 portal films with the corresponding simultor films from 21 patients with carcinoma of the rectum who received 3D-planned conformal radiotherapy (o-field technique with irregular blocks). The movement of the small bowel out of the pelvis was studied by comparing simulator films after barium swallow in supine and open table-top position as well with 3D-treatment plans of the same patient in both positions in 3 cases. The positioning error along the medio-lateral, dorso-ventral und cranio-caudal axis was 1.4/-0.6/1.8 mm and the standard deviation 4.4/6.8/6.3 mm, respectively. In comparison to the supine position more rotation errors in the sagittal view were observed (37% and 9% respectively) with a media of 5.1 . Six out of 22 patients showed no adhesions of the small bowel and a complete movement out of the tratment field was achieved. 14 out of 16 Patients with adhesions revealed a partial movement of the small bowel out of the treatment field. Comparing 3D-treatment plans in both positions again demonstrated a marked reduction of the irradiated small bowel volume with the use of the open table-top decive. (orig.) [de

  20. Arthroscopic proximal versus open subpectoral biceps tenodesis with arthroscopic repair of small- or medium-sized rotator cuff tears.

    Science.gov (United States)

    Yi, Young; Lee, Jong-Myoung; Kwon, Seok Hyun; Kim, Jeong-Woo

    2016-12-01

    The study was aimed to compare arthroscopic proximal biceps tenodesis and open subpectoral biceps tenodesis in repair of small or medium rotator cuff tears. Eighty-five patients underwent biceps tenodesis with arthroscopic repair of a rotator cuff tear, and 66 patients were followed for median of 26.8 (18-42) months with ultrasonography were reviewed. The arthroscopic biceps tenodesis group included 34 cases, and the open subpectoral biceps group included 32 cases. Patients were evaluated using visual analogue scale (VAS), American Shoulder and Elbow Surgeons (ASES), and constant scores. Rotator cuff repair and fixation of the biceps tendon were assessed by ultrasonography. Fixation failure and degree of deformity were evaluated by the pain in the bicipital groove and biceps apex distance (BAD). VAS score and tenderness at the bicipital groove decreased significantly in the open subpectoral group at 3 months postoperative. In both groups, the range of motion, ASES score, and constant score increased significantly (P tendinitis and using intra-bicipital groove tenodesis technique. III.

  1. The underground economy in Romania

    Directory of Open Access Journals (Sweden)

    Adriana Veronica LITRA

    2016-07-01

    Full Text Available The paper aims at covering issues related to the underground economy, activities that compound this phenomenon, its magnitude in Romania and reported to the European average. Underground economy in Romania consists of undeclared work (2/3 from the total and unreported income; it decreased from 33.6% of GDP in 2003 to 28% in 2014, but remained over EU-28 average with about 10 p.p. Among EU-28 countries, only Bulgaria exceeds the size of the underground economy of Romania. The underground economy is a challenge for the leadership of the state which must act simultaneously to stop illegal activities, and to discourage non-declaration of the legal activities. Corruption favours maintaining the underground economy, delays economic development, obstructs democratic processes and affects justice and the law state.

  2. Effect of Intake Air Filter Condition on Vehicle Fuel Economy

    Energy Technology Data Exchange (ETDEWEB)

    Norman, Kevin M [ORNL; Huff, Shean P [ORNL; West, Brian H [ORNL

    2009-02-01

    fuel economy with increasing restriction. However, the level of restriction required to cause a substantial (10-15%) decrease in fuel economy (such as that cited in the literature) was so severe that the vehicle was almost undrivable. Acceleration performance on all vehicles was improved with a clean air filter. Once it was determined how severe the restriction had to be to affect the carbureted vehicle fuel economy, the 2007 Buick Lucerne was retested in a similar manner. We were not able to achieve the level of restriction that was achieved with the 1972 Pontiac with the Lucerne. The Lucerne's air filter box would not hold the filter in place under such severe conditions. (It is believed that this testing exceeded the design limits of the air box.) Tests were conducted at a lower restriction level (although still considerably more severe than the initial clogged filter testing), allowing the air filter to stay seated in the air box, and no significant change was observed in the Lucerne's fuel economy or the AFR over the HFET cycle. Closed-loop control in modern fuel injected vehicle applications is sophisticated enough to keep a clogged air filter from affecting the vehicle fuel economy. However for older, open-loop, carbureted vehicles, a clogged air filter can affect the fuel economy. For the vehicle tested, the fuel economy with a new air filter improved as much as 14% over that with a severely clogged filter (in which the filter was so clogged that drivability was impacted). Under a more typical state of clog, the improvement with a new filter ranged from 2 to 6%.

  3. 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)

  4. Popular Education in Solidarity Economy

    Science.gov (United States)

    de Melo Neto, José Francisco; da Costa, Francisco Xavier Pereira

    2015-01-01

    This article seeks to show the relation between popular education and solidarity economy in experiences of solidarity economy enterprises in Brazil. It is based on diverse experiences which have occurred in various sectors of this economy, highlighting those experiences which took place in João Pessoa with the creation of a Cooperative of Workers…

  5. Social Economy: Challenges and Opportunities

    Directory of Open Access Journals (Sweden)

    Ioan HOSU

    2012-06-01

    Full Text Available The present article addresses a topic of interest for both the public sector and the nonprofit sector, namely that of the innovative practices of social economy. Diverse practices and models of social economy are increasingly present in the Romanian community, this being the reason why it is important to study the major coordinates of social economy and social entrepreneurship identified by means of an empirical research done in Romania. Social economy is considered one of the most important innovative strategy approaches as this sector may contribute to some efforts done for the elimination of poverty and the re-launching of local economies. The integration of the identified elements in regional programs and public policies is the starting point of the strategic approaches regarding reform in public administration. Social economy can be an example of joint action for public and private organizations and institutions interested in carrying out community projects based on inclusive, participative and innovative forms of community development.

  6. Preços de commodities e nível de atividade em uma pequena economia aberta: evidências empíricas para o estado do Espírito Santo Commodity prices and activity level in a small open economy: empirical evidence for the State of Espírito Santo

    Directory of Open Access Journals (Sweden)

    Matheus Albergaria de Magalhães

    2011-12-01

    's economy compared to the national economy and other Brazilian states will also be measured. The results obtained reveal five distinct empirical patterns: (i given the state's high degree of openness, the impacts of commodity price fluctuations tend to be stronger when compared to Brazil and other Brazilian States; (ii Granger-causality test results show that commodity prices precede output levels both in the case of the State and the country; (iii a similar result occurs when a broad set of economic variables related to the State of Espírito Santo are considered; (iv a positive shock to commodity prices causes output to initially rise , followed by a contraction, with this variable displaying a permanently higher level in the long run; (v variance decomposition results show that, on average, the quantitative impacts of commodity price shocks are larger in the case of the State than the country. The results obtained are robust with regards to several specification issues, such as different stationary transformations of data, as well as distinct number of lags employed in Granger-causality tests. These results are important in the sense of providing a better understanding of the effects of commodity price variations on a small, open economy, as seems to be the case for the State of Espírito Santo.

  7. Social Security Reform and Population Ageing in a Two-Sector Growth Model

    NARCIS (Netherlands)

    van Groezen, B.J.A.M.; Meijdam, A.C.; Verbon, H.A.A.

    2002-01-01

    This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity sector.Productivity growth only occurs in the latter sector and

  8. Against Amateur Economies: Spec Work Competitions and the Anti-spec Movement

    Directory of Open Access Journals (Sweden)

    Helen Kennedy

    2013-04-01

    Full Text Available The rise and rise of the amateur cultural producer has been greeted with a spectacular amount of celebratory rhetoric, in both popular and academic writing . It has also been criticised, often for the inferior quality of amateur productions compared to the fruits of professional labour. But apart from that by a small number of journalism scholars, little empirical research has been carried out with professional creative labourers about the impact of amateur economies on their work, and their responses to amateur production practices. This article addresses that gap, and also counterbalances the dominant celebratory discourse by focusing on an initiative that is critical of amateur economies and that emerges from creative workers themselves: the anti-spec movement within design industries. Anti-spec activists campaign against speculative (or spec work, which is seen as one problematic materialisation of crowdsourced, amateur economies. Here, it is argued that responses to spec work can be understood in relation to designers’ ethics and values and the extent to which they feel that these are thrown into question by amateur activity.

  9. Human trafficking: fighting the illicit economy with the legitimate economy

    OpenAIRE

    Shelley, Louise; Bain, Christina

    2015-01-01

    Since the beginning of research on human trafficking, there has been attention paid to the challenges surrounding the illicit economy. In creating new strategies and initiatives on combatting human trafficking, there needs to be more discussion surrounding the legitimate economy and how the business sector can make an impact in the fight against trafficking. Currently, there is a growing movement of businesses that are looking to address human trafficking through training, education, and lead...

  10. THE EFFECT OF ILLICIT TRADE IN NARCOTICS ON GLOBAL ECONOMY

    Directory of Open Access Journals (Sweden)

    ALASMARI Khaled

    2013-07-01

    Illicit markets especially those dealing with narcotics constitute grievous issues to the world’s economies, putting to test global safety, economic progress as well as security and many other aspects. Seemingly, illicit narcotics trade in the last decade – that is 2000 to 2011 underwent a significant boom, resulting from a wide spectrum of illegal drugs such as cocaine as well as heroin among many other hard drugs. In today’s global society, several concerns are emerging on the rise of illicit narcotics trade accompanied with organized crime, chiefly as major hindrances to consistent global economic progress. Apparently, some of the effects of illicit narcotics trade are that; this trade gradually turns upside down business rules, opening way for new unruly market players besides reconfiguring influence in global economics as well as politics. Surprisingly, the revenue from illegal drugs in 2011 alone was roughly 10% of the global GDP. Hence, exaggerating local economies’ incomes and triggering ceaseless conflicts among market players, while at the same time reducing legal business activities likewise disintegrating socioeconomic conditions. An empirical research method was adopted for this study, analyzing illicit trade in narcotics on the global arena as from 2000 to 2011 and its resultant effects. The research findings indicate that, illegal drugs trade particularly on the world economy besides growing at a high rate, it endangers the overall welfare of humans likewise the business environment. This is ostensibly because this trade has high chances of engrossing regional economies into illegal drugs business activities, causing them to neglect sustainable ethical businesses. Now, to effectively address negative economic issues related to illegal drugs trade, there is apparent need for integrated efforts from local as well as international authorities. Such efforts are chiefly to control not only the harmful effects resulting from the use of illicit

  11. Competitiveness of chinese socialist market economy

    Directory of Open Access Journals (Sweden)

    Henry Ernesto Turner Barragán

    2015-08-01

    Full Text Available The article analyzes the dynamics held by the Chinese economy becomes, since it happened to be a communist to a capitalist economy and social market economy. Being in the latter, in which the country achieved high rates of economic growth, and improve their competitiveness pillars, generating higher growth prospects in the economy and the income of the society.

  12. Doing Business Economy Profile 2017 : Australia

    OpenAIRE

    World Bank Group

    2016-01-01

    This economy profile presents the Doing Business indicators for Australia. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing...

  13. Doing Business Economy Profile 2017 : Uruguay

    OpenAIRE

    World Bank Group

    2016-01-01

    This economy profile presents the Doing Business indicators for Uruguay. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing b...

  14. The balance-of-payments constraint:from balanced trade to sustainable debt

    Directory of Open Access Journals (Sweden)

    Nelson H. Barbosa-Filho

    2001-12-01

    Full Text Available This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange-rate policy rules consistent with a stable ratio of net exports to income. Given such rules, the text shows how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by international conditions.

  15. Exploring the Sharing Economy

    DEFF Research Database (Denmark)

    Netter, Sarah

    Despite the growing interest on the part of proponents and opponents - ranging from business, civil society, media, to policy-makers alike - there is still limited knowledge about the working mechanisms of the sharing economy. The thesis is dedicated to explore this understudied phenomenon...... and to provide a more nuanced understanding of the micro- and macro-level tensions that characterize the sharing economy. This thesis consists of four research papers, each using different literature, methodology, and data sets. The first paper investigates how the sharing economy is diffused and is ‘talked......-level tensions experience by sharing platforms by looking at the case of mobile fashion reselling and swapping markets. The final paper combines the perspectives of different sharing economy stakeholders and outlines some of the micro and macro tensions arising in and influencing the organization of these multi...

  16. GROWTH, LIQUIDITY CONSTRAINTS, CREDIBILITY AND THE EFFECTS OF SHOCKS UNDER A NON-CREDIBLE GOVERNMENT

    Directory of Open Access Journals (Sweden)

    DURMUŞ ÖZDEMİR

    2013-06-01

    Full Text Available This paper presents an overlapping generations model for a small open economy. The model is calibrated to fit data for Turkey. Simulations suggest that for a fairly open economy such as Turkey, credibility and liquidity constraints matter and the choice of income taxation rate, the mix of government spending and the long-run government debt/GDP ratio can all significantly affect the economic growth. The paper also examines the effectiveness of fiscal policy under different levels of liquidity constraint in an open economy within a dynamic framework. It shows that liquidity constraints can affect the outcome of any fiscal policy. Hence fiscal policy is even more important for the less developed economies of the world.

  17. Economy-wide impacts of biofuels in Argentina

    International Nuclear Information System (INIS)

    Timilsina, Govinda R.; Chisari, Omar O.; Romero, Carlos A.

    2013-01-01

    Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several simulations on two sets of issues: (i) international markets for biofuel and feedstock, such as an increase in prices of soybean, soybean oil, and biodiesel, and (ii) domestic policies related to biofuels, such as an introduction of biofuel mandates. Both sets of issues can have important consequences to the Argentinean economy. The simulations indicate that increases in international prices of biofuels and feedstocks would increase Argentina's gross domestic product and social welfare. Increases in international prices of ethanol and corn also can benefit Argentina, but to a lesser extent. The domestic mandates for biofuels, however, would cause small losses in economic output and social welfare because they divert part of biodiesel and feedstock from exports to lower-return domestic consumption. An increase in the export tax on either feedstock or biodiesel also would lead to a reduction in gross domestic product and social welfare, although government revenue would rise. - Highlights: ► Argentina is one of the largest biodiesel producer and exporter using soybeans. ► Economy-wide impacts are assessed using a CGE model for Argentina. ► Policies simulated are feedstock and biodiesel price change, and domestic mandates. ► Increases in international prices of biofuels and feedstock benefit the country. ► Domestic mandates for biofuels cause small losses in economic output

  18. Understanding the New Economy.

    Science.gov (United States)

    Morrell, Louis R.

    2001-01-01

    Asserts that while the Nasdaq bubble did burst, the new economy is real and that failure to understand the rules of the digital economy can lead to substandard investment portfolio performance. Offers guidelines for higher education institutional investors. (EV)

  19. ICT Innovation in Emerging Economies

    DEFF Research Database (Denmark)

    Xiao, Xiao; B. Califf, Christopher; Sarker, Saonee

    2013-01-01

    ICT innovation is known to significantly elevate a country’s growth and to enhance productivity. It is now well-acknowledged that emerging economies are beginning to innovate at a rapid rate despite some of the challenges they face. Given that these countries with such economies now comprise...... economies, what needs to be studied, and how they should be studied. We attempt to contribute in this area by: (1) providing a comprehensive framework of existing research on ICT innovation in emerging economies, (2) highlighting the gaps that have been left behind, and (3) providing specific guidelines...... to future researchers, including a research model summarizing the salient issues that need examination. We believe that our study makes an important contribution to research on ICT innovation in emerging economies, and can be a useful resource for future researchers interested in this topic....

  20. Estimating size and scope economies in the Portuguese water sector using the Bayesian stochastic frontier analysis.

    Science.gov (United States)

    Carvalho, Pedro; Marques, Rui Cunha

    2016-02-15

    This study aims to search for economies of size and scope in the Portuguese water sector applying Bayesian and classical statistics to make inference in stochastic frontier analysis (SFA). This study proves the usefulness and advantages of the application of Bayesian statistics for making inference in SFA over traditional SFA which just uses classical statistics. The resulting Bayesian methods allow overcoming some problems that arise in the application of the traditional SFA, such as the bias in small samples and skewness of residuals. In the present case study of the water sector in Portugal, these Bayesian methods provide more plausible and acceptable results. Based on the results obtained we found that there are important economies of output density, economies of size, economies of vertical integration and economies of scope in the Portuguese water sector, pointing out to the huge advantages in undertaking mergers by joining the retail and wholesale components and by joining the drinking water and wastewater services. Copyright © 2015 Elsevier B.V. All rights reserved.

  1. Nitrogen recycling through the gut and the nitrogen economy of ruminants: An asynchronous symbiosis

    DEFF Research Database (Denmark)

    Reynolds, C K; Kristensen, Niels Bastian

    2007-01-01

    The extensive development of the ruminant forestomach sets apart their nitrogen (N) economy from that of nonruminants in a number of respects. Extensive pre-gastric fermentation alters the profile of protein reaching the small intestine, largely through the transformation of nitrogenous compounds...

  2. Helium-air exchange flows through partitioned opening and two-opening

    International Nuclear Information System (INIS)

    Kang, T. I.

    1997-01-01

    This paper describes experimental investigations of helium-air exchange flows through partitioned opening and two-opening. Such exchange flows may occur following rupture accident of stand pipe in high temperature engineering test reactor. A test vessel with the two types of small opening on top of test cylinder is used for experiments. An estimation method of mass increment is developed to measure the exchange flow rate. Upward flow of the helium and downward flow of the air in partitioned opening system interact out of entrance and exit of the opening. Therefore, an experiment with two-opening system is made to investigate effect of the fluids interaction of partitioned opening system. As a result of comparison of the exchange flow rates between two types of the opening system, it is demonstrated that the exchange flow rate of the two-opening system is larger than that of the partitioned opening system because of absence of the effect of fluids interaction. (author)

  3. Small Business Administration: Workforce Transformation Plan Is Evolving

    National Research Council Canada - National Science Library

    D'Agostino, Davi

    2002-01-01

    .... SBA's mission is to maintain and strengthen the nation's economy by aiding, counseling, assisting, and protecting the interests of the nation's small businesses and by helping businesses and families...

  4. Financial Management Challenges In Small And Medium-Sized Enterprises: A Strategic Management Approach

    OpenAIRE

    Hande Karadag

    2015-01-01

    Abstract :Due to their significant role in creation of new jobs, rise in GDP, entrepreneurship and innovation, small and medium-sized enterprises (SMEs) are recognized as the the drivers of socio-economic growth, both in developed and developing economies. In Turkey, 99.9 % of all enterprises fall into SME category. Therefore, the significance of SMEs for Turkish economy and society is much higher in Turkey, compared to other emerging and developed countries. Small and medium-sized companies ...

  5. Open-Source Colorimeter

    OpenAIRE

    Anzalone, Gerald C.; Glover, Alexandra G.; Pearce, Joshua M.

    2013-01-01

    The high cost of what have historically been sophisticated research-related sensors and tools has limited their adoption to a relatively small group of well-funded researchers. This paper provides a methodology for applying an open-source approach to design and development of a colorimeter. A 3-D printable, open-source colorimeter utilizing only open-source hardware and software solutions and readily available discrete components is discussed and its performance compared to a commercial porta...

  6. Generating Sustainable Value from Open Data in a Sharing Society

    DEFF Research Database (Denmark)

    Jetzek, Thorhildur; Avital, Michel; Bjørn-Andersen, Niels

    2014-01-01

    Our societies are in the midst of a paradigm shift that transforms hierarchical markets into an open and networked economy based on digital technology and information. In that context, open data is widely presumed to have a positive effect on social, environmental and economic value; however...... the evidence to that effect has remained scarce. Subsequently, we address the question how the use of open data can stimulate the generation of sustainable value. We argue that open data sharing and reuse can empower new ways of generating value in the sharing society. Moreover, we propose a model...... that describes how different mechanisms that take part within an open system generate sustainable value. These mechanisms are enabled by a number of contextual factors that provide individuals with the motivation, opportunity and ability to generate sustainable value...

  7. Social security reform and population ageing in a two-sector growth model

    NARCIS (Netherlands)

    Groezen, Bas van; Meijdam, L.; Verbon, H.

    2002-01-01

    This paper analyses the e¤ects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy. The economy consists of a service sector and a commodity sector. Productivity growth only occurs in the latter sector

  8. The Optimal Structure of the National Economy as a Guarantee of Sustainable Development of a State

    Directory of Open Access Journals (Sweden)

    Karintseva Oleksandra I.

    2018-03-01

    Full Text Available The article considers the theoretical essence of the category “national economy” in a narrow and broad sense and identifies its following features: versatility of the links between its structural elements and their integrity; hierarchy of the structure of the national economy, dynamism, openness. The main trend of development of the national economy, which is manifested in the transformation processes, is determined. The following transformation processes of the national economy are identified: system-forming, system-affirming, system-reproducing. Theories of structural transformation of the national economy are considered. There determined relations that characterize the reproductive structure of the national economy: between the main stages of the movement of the aggregate social product; between the forms of the aggregate social product according to the natural-material composition; between elements and forms of the aggregate social product by a functional role; between the constituent parts of social production; between the replacement of the means of production used and the newly created products. Based on the data of the World Bank on the structure of the gross added value of groups of countries in terms of income and regional characteristics in the context of individual spheres, the practical analysis of the structure of the national economy in different countries is carried out. It is established that for the last five years the trend of development of enterprises in the sphere of services has grown.

  9. Characteristics and Categories of Risk in the Small Enterprises

    Directory of Open Access Journals (Sweden)

    Anna Bera

    2009-12-01

    Full Text Available In this article risk typology in a small enterprise has been presented. In the aspect of a small enterprise’s characteristic features that have been synthetically described, the author has tried to define the crux and position of individual risk types in the operation of small market entities. In economy practice, identification and risk management conduct of risk categorization facilitates.

  10. Oil and the political economy of energy

    International Nuclear Information System (INIS)

    Matutinovic, Igor

    2009-01-01

    The key issues concerning oil exploitation are still open for discussion: there is no agreement about where we presently stand in the world oil extraction curve, what is its exact shape, and how far can oil price grow before it changes irreversibly the world economy and consumer behavior. The paper proposes an alternative scenario to the Hubbert's bell-shaped model of oil exploitation, based on more realistic assumptions regarding political agendas in oil-exporting countries and consumer behavior dynamics in oil-importing countries. Under this scenario, the joint impact of markets and public policy in oil importing countries together with 'resource pragmatism' policy in oil-exporting countries allows for a less steep oil supply curve with a much fatter tail compared to the Hubbert's model.

  11. 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.)

  12. Social economy and social enterprise

    DEFF Research Database (Denmark)

    Hulgård, Lars

    2011-01-01

    practice will be put under increasing pressure. There is a difference between a social economy approach to the third sector and an approach based upon the notion of a non-profit constraint. Social economy is well positioned as a third sector to play a core role in meeting this urgency. But how does...... the social economy fit with current strategies in the areas of welfare policies and social service? Is it as a certain type of social entrepreneurship an integral part of a social innovation of the mainstream market economy or is it part of an emerging counter discourse in the sense of a participatory non...

  13. Using latent variable approach to estimate China's economy-wide energy rebound effect over 1954–2010

    International Nuclear Information System (INIS)

    Shao, Shuai; Huang, Tao; Yang, Lili

    2014-01-01

    The energy rebound effect has been a significant issue in China, which is undergoing economic transition, since it reflects the effectiveness of energy-saving policy relying on improved energy efficiency. Based on the IPAT equation and Brookes' explanation of the rebound effect, this paper develops an alternative estimation model of the rebound effect. By using the estimation model and latent variable approach, which is achieved through a time-varying coefficient state space model, we estimate China's economy-wide energy rebound effect over 1954–2010. The results show that the rebound effect evidently exists in China as a result of the annual average of 39.73% over 1954–2010. Before and after the implementation of China's reform and opening-up policy in 1978, the rebound effects are 47.24% and 37.32%, with a strong fluctuation and a circuitously downward trend, respectively, indicating that a stable political environment and the development of market economy system facilitate the effectiveness of energy-saving policy. Although the energy-saving effect of improving energy efficiency has been partly realised, there remains a large energy-saving potential in China. - Highlights: • We present an improved estimation methodology of economy-wide energy rebound effect. • We use the latent variable approach to estimate China's economy-wide rebound effect. • The rebound exists in China and varies before and after reform and opening-up. • After 1978, the average rebound is 37.32% with a circuitously downward trend. • Traditional Solow remainder method underestimates the rebound in most cases

  14. Revisiting the Economic Factors which Influence Fast Food South African Small, Medium and Micro Enterprise Sustainability

    Directory of Open Access Journals (Sweden)

    Bruce MASAMA

    2018-03-01

    Full Text Available In order to stimulate both developing economies and developed economies around the globe policy makers have, over the years, focused their attention to Small, Medium and Micro Enterprises (SMMEs. These business entities are often regarded as the lifeblood of economies around the globe however SMMEs are reported to have high failure rates. For example, in a South African dispensation, the failure rate of SMMEs is considered to be among the worst in the world as approximately 75% fail within a period of 42 months after opening. Through research in the early-2000s, the cause of the excessive South African SMMEs failure rate has been pinned on a plethora of micro-economic factors and macro-economic factors. Over the years the list of economic factors which adversely influence the sustainability of South African SMMEs have not changed drastically, which may well probably explain the high failure rate of these business entities in more recent times. Thus, for this paper, empirical research was conducted to ascertain the extent to which 24 economic factors adversely influence the sustainability of South African SMMEs. Quantitative data were obtained from 116 members of management of South African SMMEs and stemming from the results, it was found that these economic factors still have a reasonable adverse influence on the sustainability of these business entities.

  15. 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.

  16. Foreword. The Knowledge Economy: The Present Future

    Directory of Open Access Journals (Sweden)

    Constantin Bratianu

    2017-12-01

    Full Text Available All the statistics and evaluations show that the Knowledge Economy is our future. However, a close look at the developed economies demonstrates that the Knowledge Economy is already here, shaping our present time. Although there are many definitions of this new economic framework, their core content stresses the importance of data, information, and knowledge in the production of goods and delivering services in creating value for society. For instance, Powell and Snellman (2004, p.1999 define the knowledge economy as “production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as a rapid obsolescence. The key component of the knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources”. In the knowledge economy, knowledge becomes a strategic resource (Davenport & Prusak, 2000; Nonaka & Takeuchi, 1995 and knowledge strategies contribute directly to the competitive advantage (Bratianu & Bolisani, 2015. In this new economy, data, information, and knowledge are the driving forces of development and the knowledge economy is the engine of the global economy growth...

  17. Green economy. From theory to practice; 'Green Economy'. Von der Theorie zur Praxis

    Energy Technology Data Exchange (ETDEWEB)

    Wackerbauer, Johann [ifo Institut, Muenchen (Germany)

    2013-04-15

    The topic of ''green economy'' took centre stage at last year's UN conference on sustainable development in Rio de Janeiro. The term ''green economy'' has many interpretations to it, ranging from an emphasis on energy and resource efficiency in an otherwise ordinary economy to positions that are critical of growth as such. What can be considered as the essence of the concept of green economy, and what challenges need to be mastered on the way there? The present study shows that there is more to the term than most companies and consumers are aware of.

  18. 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

  19. Small Engines as Bottoming Cycle Steam Expanders for Internal Combustion Engines

    Directory of Open Access Journals (Sweden)

    Rohitha Weerasinghe

    2017-01-01

    Full Text Available Heat recovery bottoming cycles for internal combustion engines have opened new avenues for research into small steam expanders (Stobart and Weerasinghe, 2006. Dependable data for small steam expanders will allow us to predict their suitability as bottoming cycle engines and the fuel economy achieved by using them as bottoming cycles. Present paper is based on results of experiments carried out on small scale Wankel and two-stroke reciprocating engines as air expanders and as steam expanders. A test facility developed at Sussex used for measurements is comprised of a torque, power and speed measurements, electronic actuation of valves, synchronized data acquisition of pressure, and temperatures of steam and inside of the engines for steam and internal combustion cycles. Results are presented for four engine modes, namely, reciprocating engine in uniflow steam expansion mode and air expansion mode and rotary Wankel engine in steam expansion mode and air expansion mode. The air tests will provide base data for friction and motoring effects whereas steam tests will tell how effective the engines will be in this mode. Results for power, torque, and p-V diagrams are compared to determine the change in performance from air expansion mode to steam expansion mode.

  20. METHODOLOGICAL PECULIARITIES OF RURAL ECONOMY RESEARCH FROM NEORURALISM STANDPOINT

    Directory of Open Access Journals (Sweden)

    Nataliia Kutsmus

    2015-11-01

    Full Text Available The purpose of the study is to summarize the existing theoretical and methodological approaches to understanding the essence of the notion ‘rural economics’ and to reason that multifunctionality is a precondition of stable development. The methodology of research is based on a systematic approach, according to which rural economics is considered to be an open type of social and economic system that transforms exogenous and endogenous potential of rural territories into a certain level of rural development. The methodology of rural economic development is based on the following methodological approaches: economic, ecological, social and institutional, each one of which completes the idea of interdependence of rural economics and its territorial basis, i.e. rural area. The subject of study is a scientific-theoretical and applied principles of rural economy development. The results of the study demonstrate that agro-centric model of rural economics, the development of which focuses on formation and support of goods safety, is being displaced by multifunctional model in conditions of strengthening of human-centric priorities of the social development. Contents of this model lies in the perception of the rural economy as a diversified, multifunctional socio-economic system, whose development aimed at the welfare of the rural population. As the goal of rural economies is ensuring high welfare standards of the rural population, providing interconnection problems in the functioning of the system of rural development policy. It’s proved that the sustainable development of the rural economy it provides for the implementation of the set of economic and socially important function that displays the development of socio-economic system beyond the actual production and contributes to its focus on material and non-material welfare of the rural population. Qualitative changes in the properties of the rural economy aiming at self-development and self

  1. The Placenta Economy

    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....

  2. Internet Politics in an Information economy

    Directory of Open Access Journals (Sweden)

    Jon Marshall

    2003-01-01

    Full Text Available It is argued that models of the "new" Information economy are in many ways incompatible with the more free wheeling modes of exchange which were part of the traditions of online society. The so called "hacker ethic" built around the prestation of open or free software seems to be under challenge, and not, as Pekka Himanen suggests, the forerunner of a new freer society. Knowledge workers may not be particularly powerful, or part of any kind of democratic vanguard. A contestation over types of property is occurring and apparently being won by the corporate sector. Furthermore it seems the "information society" may favour inaccuracies and certainty in information, rather than a kind of problem solving democracy based on factuality. As a result expectations that the Internet may lead to a revitalisation of democracy, or discussion, are probably over optimistic.

  3. Investigation of scale economies for African biogas installations

    International Nuclear Information System (INIS)

    Amigun, B.; Blottnitz, H. von

    2007-01-01

    Biogas technology can serve as a means to overcome energy poverty, which poses a constant barrier to economic development in Africa. This technology can be built on a wide range of scales, and conventional financial wisdom is that larger installations have advantages resulting from economies of scale. This study analyses the statistical evidence bearing on the existence of economies of scale in the small to medium scale production and use of biogas to support faster estimation (at the order of magnitude level) of investment costs for different plant sizes. Investment cost data were gathered for 21 biogas plants in the 4-100 m 3 range built since 1999 in eight African countries. Statistical regression indicates diseconomies of scale in the size range of the biogas industry investigated with a cost capacity factor (n) of 1.20 (R 2 = 0.90). The cost capacity factor obtained is notably greater than the conventionally used 0.6 factor rule. The result illustrates that the average cost size relationship is statistically significant with ±40% average estimating error

  4. An overview of the circular economy among SMEs in the Basque country: A multiple case study

    Energy Technology Data Exchange (ETDEWEB)

    Ormazabal, M.; Prieto-Sandoval, V.; Jaca, C.; Santos, J.

    2016-07-01

    Purpose: This research analyzes the maturity of environmental management as well as the degree of to which the Circular Economy has been implemented in Basque SMEs. Design/methodology/approach: A total of 17 case studies were carried out in industrial SMEs companies in the Basque Country. Findings: The main results show that companies are limited to complying with the law and in many cases are worried about the image of the company, although they are not committed to environmental issues. There is still a lot to do in SMEs, as they are the companies that face the biggest challenges due to a lack of resources. Originality/value: Circular Economy aims to change a linear economy into promoting sustainability of the economy while also engaging in sustainable environmental protection. This research has focused on small and medium enterprises as they represent a 99% of companies in Europe and they are the ones that have the most difficulty reaching a stage of environmental excellence due to their limited resources.

  5. An overview of the circular economy among SMEs in the Basque country: A multiple case study

    International Nuclear Information System (INIS)

    Ormazabal, M.; Prieto-Sandoval, V.; Jaca, C.; Santos, J.

    2016-01-01

    Purpose: This research analyzes the maturity of environmental management as well as the degree of to which the Circular Economy has been implemented in Basque SMEs. Design/methodology/approach: A total of 17 case studies were carried out in industrial SMEs companies in the Basque Country. Findings: The main results show that companies are limited to complying with the law and in many cases are worried about the image of the company, although they are not committed to environmental issues. There is still a lot to do in SMEs, as they are the companies that face the biggest challenges due to a lack of resources. Originality/value: Circular Economy aims to change a linear economy into promoting sustainability of the economy while also engaging in sustainable environmental protection. This research has focused on small and medium enterprises as they represent a 99% of companies in Europe and they are the ones that have the most difficulty reaching a stage of environmental excellence due to their limited resources.

  6. Assessment of guide vane self-excitation stability at small openings in pump flow

    International Nuclear Information System (INIS)

    Nennemann, B; Sallaberger, M; Henggeler, U; Gentner, C; Parkinson, E

    2012-01-01

    A parameter study of self-excited pump turbine guide vane instability at small openings using a combined CFD-1DOF approach shows that clear tendencies are difficult to obtain. Two types of boundary conditions can be used in the simulations: prescribed mass flow and prescribed pressure. Simulations with both show results that - for one specific operating condition - are consistent with a self-excited guide vane incident at a prototype pump turbine. However, over a larger range of reduced velocities, the tendencies obtained with the two boundary condition types are not always consistent. Pressure boundary conditions may be the more realistic option. Results then show that with increasing reduced velocity, guide vanes will eventually reach static instability or divergence. This may not be problematic. In contrast, passing through a zone of dynamic instability during operation should and can be avoided.

  7. Design and construction of small power reactors

    International Nuclear Information System (INIS)

    Tachi, Yasuo

    1992-01-01

    Small size reactors are considered to have many advantages over large-sized reactors. But at the same time, small size reactors show eventual disadvantages in economy. In this paper one of the possibilities to improve its basic disadvantage will be discussed from a manufacturer's point of view. The stress will be placed on the possibility and possible effects of adoption of Computer Aided Engineering. (author). 2 figs

  8. My 2030s. Citizens about the Biobased Economy; My 2030s. Burgers over de Biobased Economy

    Energy Technology Data Exchange (ETDEWEB)

    Van den Berg, N.; Hulshof, M.; Van der Veen, M.

    2013-02-15

    My 2030s is the first qualitative study of the needs and concerns of citizens about the Biobased Economy, an economy in which fossil fuels are largely substituted by vegetable alternatives. This final report describes the reason and purpose of My 2030s, the course of the public debates and the results of research into ideas of citizens on the Biobased Economy The report concludes with recommendations on how the stakeholders can actively involve citizens in one of the major transitions of the next century [Dutch] My 2030s is het eerste kwalitatieve onderzoek naar de wensen en zorgen van burgers over de Biobased Economy, een economie waarin fossiele grondstoffen grotendeels zijn vervangen door plantaardige alternatieven. Dit eindrapport beschrijft de aanleiding en opzet van My 2030s, het verloop van de publieksdebatten en de resultaten van het onderzoek naar denkbeelden van burgers over de Biobased Economy. Het rapport eindigt met aanbevelingen over hoe de stakeholders burgers actief kunnen betrekken bij een van de belangrijkste transities van de komende eeuw.

  9. Potential and Barriers to Adoption of B2B E-Commerce in SMEs in Transition Economies: Case of Albania

    OpenAIRE

    Narasimha Rao Vajjhala; Salu George Thandekkattu

    2017-01-01

    Small- and Medium-sized Enterprises (SMEs) can benefit significantly from investments in e-commerce and e-business. However, the adoption of e-commerce has been quite slow and limited among SMEs, especially in transition economies. Interviews were conducted with senior managers from 30 medium-sized enterprises in a transition economy – Albania, three from each of the ten key sectors, namely, information and communication technology (ICT), tourism, banking, financial servi...

  10. Corporate Communication in the Network Economy

    DEFF Research Database (Denmark)

    Foss, Nicolai Juul; Kristensen, Tore; Wilke, Ricky

    This paper draws on ideas in economics and game theory to develop a new theory of marketing and corporate communication in the emerging network economy. We argue that in a network economy, firms and consumers will confront `coordination problems.' With the emerging network economy all this become...

  11. Economies of scale and optimal size of hospitals: Empirical results for Danish public hospitals

    DEFF Research Database (Denmark)

    Kristensen, Troels

    number of beds per hospital is estimated to be 275 beds per site. Sensitivity analysis to partial changes in model parameters yields a joint 95% confidence interval in the range 130 - 585 beds per site. Conclusions: The results indicate that it may be appropriate to consolidate the production of small...... the current configuration of Danish hospitals is subject to scale economies that may justify such plans and to estimate an optimal hospital size. Methods: We estimate cost functions using panel data on total costs, DRG-weighted casemix, and number : We estimate cost functions using panel data on total costs......, DRG-weighted casemix, and number of beds for three years from 2004-2006. A short-run cost function is used to derive estimates of long-run scale economies by applying the envelope condition. Results: We identify moderate to significant long-run economies of scale when applying two alternative We...

  12. Observing the economy

    Science.gov (United States)

    Rosenbaum, Stan

    2009-07-01

    In "The (unfortunate) complexity of the economy" (April pp28-32) Jean-Philippe Bouchaud presents clear evidence that traditional assumptions of rational markets have to be abandoned. The old investor slogan "buy on promise, sell on rumour" quickly magnifies a downturn into a crisis, which triggers two questions. If physics-based models are applied (beyond understanding and prediction) to actual market decisions, does this make the economy more or less stable? And, is this cause for stronger regulation?

  13. Earth observation open science and innovation

    CERN Document Server

    Aubrecht, Christoph

    2018-01-01

    This book is published open access under a CC BY 4.0 license. Over  the  past  decades,  rapid developments in digital and sensing technologies, such  as the Cloud, Web and Internet of Things, have dramatically changed the way we live and work. The digital transformation is revolutionizing our ability to monitor our planet and transforming the  way we access, process and exploit Earth Observation data from satellites. This book reviews these megatrends and their implications for the Earth Observation community as well as the wider data economy. It provides insight into new paradigms of Open Science and Innovation applied to space data, which are characterized by openness, access to large volume of complex data, wide availability of new community tools, new techniques for big data analytics such as Artificial Intelligence, unprecedented level of computing power, and new types of collaboration among researchers, innovators, entrepreneurs and citizen scientists. In addition, this book aims to provide reade...

  14. Real-world fuel economy and CO2 emissions of plug-in hybrid electric vehicles

    International Nuclear Information System (INIS)

    Ploetz, Patrick; Funke, Simon Arpad; Jochem, Patrick

    2015-01-01

    Plug-in hybrid electric vehicles (PHEV) combine electric propulsion with an internal combustion engine. Their potential to reduce transport related green-house gas emissions highly depends on their actual usage and electricity provision. Various studies underline their environmental and economic advantages, but are based on standardised driving cycles, simulations or small PHEV fleets. Here, we analyse real-world fuel economy of PHEV and the factors influencing it based on about 2,000 actual PHEV that have been observed over more than a year in the U.S. and Germany. We find that real-world fuel economy of PHEV differ widely among users. The main factors explaining this variation are the annual mileage, the regularity of daily driving, and the likelihood of long-distance trips. Current test cycle fuel economy ratings neglect these factors. Despite the broad range of PHEV fuel economies, the test cycle fuel economy ratings can be close to empiric PHEV fleet averages if the average annual mile-age is about 17,000 km. For the largest group of PHEV in our data, the Chevrolet Volt, we find the average fuel economy to be 1.45 litres/100 km at an average electric driving share of 78%. The resulting real-world tank-to-wheel CO 2 emissions of these PHEV are 42 gCO 2 /km and the annual CO 2 savings in the U.S. amount to about 50 Mt. In conclusion, the variance of empirical PHEV fuel economy is considerably higher than of conventional vehicles. This should be taken into account by future test cycles and high electric driving shares should be incentivised.

  15. Small might be beautiful, but bigger performs better: Scale economies in “green” refurbishments of apartment housing

    International Nuclear Information System (INIS)

    Michelsen, Claus; Rosenschon, Sebastian; Schulz, Christian

    2015-01-01

    The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades are too low in the light of the challenges faced and the potential energy cost savings. While many authors address the potential barriers for investors to increase energy efficiency, studies on the capabilities of different investors to reduce energy requirements of their property are scarce. This study investigates potential advantages of housing company's size, i.e. economies of scale, economies of scope and institutional learning in thermal upgrades of residential housing. Based on unique data on energy consumption in 102,307 apartment buildings in Germany, we present new evidence for the advantages and disadvantages of a housing company's size in “green” retrofitting projects. Our estimations show, that large housing companies outperform private landlords by far in high effort refurbishment projects. In contrast, private landlords appear to have advantages in low effort, incremental refurbishment activities. We demonstrate that a substantial share of the advantages of larger firms can be associated with specialization (i.e. repeated projects). The results offer new options for policy makers to refine the support schemes toward a low carbon housing stock. - Highlights: • First study to analyze the effects of housing companies size on “green” refurbishment • Economies of scale, scope and learning all affect energy efficiency refurbishments. • Specialization on distinct refurbishments influences outcome of thermal upgrades. • Analysis based on a large and unique sample of apartment buildings in Germany

  16. Determinants of R&D Offshoring: Firm-level Evidence from a Small Open Economy

    OpenAIRE

    MURPHY GAVIN; SIEDSCHLAG IULIA

    2018-01-01

    We analyse determinants of an enterprise’s decision to offshore R&D activities using a novel dataset for enterprises in Ireland over the period 2001-2006. Our results suggest that, on average, other things equal, enterprises integrated in international production and innovation networks, and enterprises which used information and communication technologies (ICT) more intensively were more likely to offshore R&D. Furthermore, characteristics of the import source region had an important influen...

  17. Handbook on the Experience Economy

    DEFF Research Database (Denmark)

    This illuminating Handbook presents the state-of-the-art in the scientific field of experience economy studies. It offers a rich and varied collection of contributions that discuss different issues of crucial importance for our understanding of the experience economy. Each chapter reflects diverse...... an insight into how receivers react to experiential elements of experience economy studies. An innovative presentation of experience economics, this is a remarkable collection of new theory and analyses. This book will prove an invaluable resource to researchers and students in management, marketing...... scientific viewpoints from disciplines including management, mainstream economics and sociology to provide a comprehensive overview. The Handbook is divided into three subsections to explore progression in the scientific field of experience economy studies. The first section focuses on fundamental debates...

  18. Measuring the informal economy in South Africa

    Directory of Open Access Journals (Sweden)

    S Saunders

    2015-01-01

    Full Text Available Measuring the size of the South African informal economy has received inadequate attention, making it difficult for policy-makers to assess the impact of policy measures to stimulate informal economic activity. This article aims to estimate the size of the informal economy by using the Currency Demand Approach.  The empirical results reveal that the informal economy as a percentage of GDP decreased from 1967 to 1993, before levelling off.  The growth in the informal econmy has also underperformed in comparison to formal economic growth. There appears to be a causal relationship running from the informal to the formal economy. Macro-economic policies aimed at the formal economy will not necessarily 'trickle down' to the informal, while these polcies aimed at the informal economy may have a profound effect on the formal economy.

  19. Small Business in America: The Year 2000 and Beyond.

    Science.gov (United States)

    Institute for Enterprise Advancement, Washington, DC.

    Small businesses are meeting the challenges of a changing economy and leading the way in production and job creation. Small businesses especially will continue to benefit from demographic and societal shifts, in particular the emergence of the two-career family that fuels the service industry. Women and minority persons are the newest…

  20. Rate-making in economies in transition

    International Nuclear Information System (INIS)

    Horvath, R.S.

    1996-01-01

    Eastern European economies in transition have unique needs which may be best served by considering how other economies around the world are making the transition to market-based economies. In particular, the recent Mexican experience may provide some lessons learned. Mexico has recently established for the first time a regulatory body with the power to regulate natural gas in certain ways. This paper outlines how the Mexican experience may be an appropriate jumping-off point for Eastern European economies in transition as they develop their own regulatory structure and rate-making. The paper concludes with an update on the recent experience in the U.S. to push the development of a market economy for natural gas further than it ever has before

  1. Globalisation, Trade Openness and Foreign Direct Investment in Romania

    Directory of Open Access Journals (Sweden)

    Dima Stela

    2016-11-01

    Full Text Available The paper analyses the trend of globalisation, trade openness and foreign direct investments (FDI in Romania and the link between them in the last 25 years. Data from UNCTAD, World Bank and KOF globalisation index were used in econometrical models testing the link between globalisation, trade openness and foreign direct investment. A strong positive and statistical validated link is found between globalisation and FDI, between trade openness and FDI, and between FDI and globalisation. In the context of Romanian economy, these three phenomena are interrelated and each of them is acting to potentiate the effect of the other. Moreover, a multivariate regression analysis emphasized the dependency between globalisation index and foreign direct investment, trade openness and market capitalisation. These results can be taken into account when national policies aiming to attract FDI and stimulating export-import activities are designed.

  2. The solar-hydrogen economy: an analysis

    Science.gov (United States)

    Reynolds, Warren D.

    2007-09-01

    The 20th Century was the age of the Petroleum Economy while the 21st Century is certainly the age of the Solar-Hydrogen Economy. The global Solar-Hydrogen Economy that is now emerging follows a different logic. Under this new economic paradigm, new machines and methods are once again being developed while companies are restructuring. The Petroleum Economy will be briefly explored in relation to oil consumption, Hubbert's curve, and oil reserves with emphasis on the "oil crash". Concerns and criticisms about the Hydrogen Economy will be addressed by debunking some of the "hydrogen myths". There are three major driving factors for the establishment of the Solar-Hydrogen Economy, i.e. the environment, the economy with the coming "oil crash", and national security. The New Energy decentralization pathway has developed many progressive features, e.g., reducing the dependence on oil, reducing the air pollution and CO II. The technical and economic aspects of the various Solar-Hydrogen energy options and combinations will be analyzed. A proposed 24-hour/day 200 MWe solar-hydrogen power plant for the U.S. with selected energy options will be discussed. There are fast emerging Solar Hydrogen energy infrastructures in the U.S., Europe, Japan and China. Some of the major infrastructure projects in the transportation and energy sectors will be discussed. The current and projected growth in the Solar-Hydrogen Economy through 2045 will be given.

  3. Globalizing Denmark

    DEFF Research Database (Denmark)

    Selmer, Jan; Lauring, Jakob

    2013-01-01

    countries to keep up the process of globalization may be substantial, and the economic gains for such countries from adjusting to a more internationally integrated world economy are clear. However, in small- population economies, especially social-democratic welfare states, the internal pressure......This exploratory article examines the paradox of being open-minded while ethnocentric as expressed in Danish international management practices at the micro level. With a population of 5.4 million, Denmark is one of the smallest of the European countries. The pressure on many small advanced...... to integrate counteracts to some extent the need to maintain openness to differences. Thus, a strong economy and a feeling of smug ethnocentrism in Denmark generate a central paradox in thinking about internationalization in Danish society....

  4. Oil and the political economy of energy

    Energy Technology Data Exchange (ETDEWEB)

    Matutinovic, Igor [GfK-Center for Market Research, Zagreb (Croatia)

    2009-11-15

    The key issues concerning oil exploitation are still open for discussion: there is no agreement about where we presently stand in the world oil extraction curve, what is its exact shape, and how far can oil price grow before it changes irreversibly the world economy and consumer behavior. The paper proposes an alternative scenario to the Hubbert's bell-shaped model of oil exploitation, based on more realistic assumptions regarding political agendas in oil-exporting countries and consumer behavior dynamics in oil-importing countries. Under this scenario, the joint impact of markets and public policy in oil importing countries together with 'resource pragmatism' policy in oil-exporting countries allows for a less steep oil supply curve with a much fatter tail compared to the Hubbert's model. (author)

  5. Informal economy as an expression of the state failure

    OpenAIRE

    Agata Kubiczek

    2010-01-01

    The article deals with the phenomenon of second economy, underground or subterranean economy, unofficial economy, unrecorded economy, informal economy, cash economy etc., which has been assessed here as a function of a given mix of economic policies.

  6. Fuel Economy Label and CAFE Data

    Science.gov (United States)

    The Engine and Vehicle Compliance Certification and Fuel Economy Inventory contains measured emissions and fuel economy compliance information for light duty vehicles. Data is collected by EPA to certify compliance with the applicable fuel economy provisions of the Energy Policy and Conservation Act (EPCA) and The Energy Independent Security Act of 2007

  7. Barter Economies and Centralized Merchants

    OpenAIRE

    Jose Noguera

    2000-01-01

    The main goal of this essay is to analyze the emergence of a barter economy, and the rise of centralized merchants and a barter redistribution system out of a primitive barter system. The environment is a spatial general equilibrium model where exchange is costly. Since exchange becomes more complicated as the scope of the economy increases, we prove that, after the economy reaches a critical size, the cost of trade expansion surpasses its benefits. This imposes limitations on the scope of th...

  8. PRIMARY TRENDS OF FORMATION AND DEVELOPMENT OF INNOVATION-BASED ECONOMY IN THE REPUBLIC OF UZBEKISTAN

    Directory of Open Access Journals (Sweden)

    Bakhodir A. Begalov

    2013-01-01

    Full Text Available The main processes of formation of innovation-based economy are covered. Dynamic of major indexes of innovation activities of Uzbek enterprises is analyzed. The main attention is paid to innovation activities of entities of the small business and private enterprise, innovation expenses of small firms. The dynamic of the development and implementation of innovative technologies in the activity of economic entities is shown on the basis of statistical data.

  9. 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...

  10. The Social Economy Enterprises in Romania

    Directory of Open Access Journals (Sweden)

    Chelariu Gabriel

    2017-01-01

    Full Text Available The social economy plays an important role at every country and globally. It provides an economic development alternative based on ethical principles - solidarity, democracy, professional and personal development, functioning according to the market economy and independent of the state. The European Parliament attaches great importance to the social economy; through the adoption of a resolution on the social economy, the parliamentarians had in mind both the recognition of organizations in this sector and the promotion of a new economic model centered on social needs. In the context of the social economy, social enterprises are considered to promote innovative behavior in creating new forms of organization and new services, relying on a diverse mix of resources. Social enterprises receive income mainly from commercial activities and less as a result of public funding.

  11. Economy Profile of Bolivia

    OpenAIRE

    World Bank Group

    2017-01-01

    Doing Business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. This economy profile presents the Doing Business indicators for Bolivia. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies; for 2018 Bolivia ...

  12. Economy Profile of Australia

    OpenAIRE

    World Bank Group

    2017-01-01

    Doing Business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. This economy profile presents the Doing Business indicators for Australia. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies; for 2018 Aust...

  13. Economy Profile of Argentina

    OpenAIRE

    World Bank Group

    2017-01-01

    Doing Business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. This economy profile presents the Doing Business indicators for Argentina. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies; for 2018 Arge...

  14. Economy Profile of Estonia

    OpenAIRE

    World Bank Group

    2017-01-01

    Doing Business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. This economy profile presents the Doing Business indicators for Estonia. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies; for 2018 Estonia ...

  15. The modest environmental relief resulting from the transition to a service economy

    International Nuclear Information System (INIS)

    Henriques, Sofia Teives; Kander, Astrid

    2010-01-01

    A service transition is supposed to lead to the decline of energy intensity (energy/GDP). We argue that this interpretation is overly optimistic because the shift to a service economy is somewhat of an illusion in terms of real production. Several recent studies of structural effects on energy intensity have made the error of using sector shares in current prices, combined with GDP in constant prices, which is inconsistent and ignores the different behaviour of prices across sectors. We use the more correct method of sector shares in constant prices, and make an attempt to single out the effect from the real service transition by using two complementary methods: shift share analyses in current and constant prices, and Logarithmic Mean Divisia Index (LMDI) for 10 developed and 3 emerging economies. A service transition is rather modest in real terms. The major driver of the decline in energy intensity rests within the manufacturing sector. Meanwhile, the transition to a service sector had a small downward impact on energy intensity in 7 of the developed countries (and no impact in the others). For emerging economies like Brazil, Mexico and India, it is the residential sector that drives energy intensity down because of the declining share of this sector as the formal economy grows, and as a consequence of switching to more efficient fuels. (author)

  16. Development of Small Entrepreneurship in the Republic of Croatia

    Directory of Open Access Journals (Sweden)

    Marijan Rajsman

    2013-07-01

    Full Text Available Entrepreneurship is a driving force of any economy and as such, the foundation of a country’s success. Whether we speak of small, medium or large enterprises, each of them has responsibility assumed by taking on a risk of starting a new business, because every new idea to be realized reveals a true entrepreneur. A small initial idea can become a big business in the course of its implementation, thereby ensuring further development of entrepreneurs, but also contributing to the growth of the entire economy. New “entrepreneurs” are emerging on a daily basis, funding their start-ups with their own or borrowed means. A true entrepreneur is the one who manages to realize his or her idea. Small entrepreneurs account for the largest proportion of new businesses. They have to deal with conditions of ruthless competition characterized by a large number of bankruptcies and financial problems. In this paper we address the situation of small business n the Republic of Croatia and the problems faced by entrepreneurs in conducting their business.

  17. ENTREPRENEURSHIP EDUCATION AND THE ECONOMY VICIOUS CIRCLES

    Directory of Open Access Journals (Sweden)

    MEDAR LUCIAN ION

    2015-06-01

    Full Text Available Education for sustainable development, involves training honest, active, social and creative persons for ensuring the link between environment, society, economy and politics. Trained entrepreneurs in sustainable development, are the engine system which can bring an economic prosperity. Lack of entrepreneurial education in the last 25 years has led accentuated conditions to avoiding economic development in all reference fields where added value can be achieved. Running away from excessive taxation led to the establishment of vicious circles in the economy. Vicious circles of the economy can be found in saving, tax policy, productive investment and the informal economy. Through this study will present the importance of entrepreneurship education in the real economy and some specifications to exit entrepreneurs from vicious circles of the economy.

  18. 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.

  19. Quality Assurance in Asian Open and Distance Learning: Policies and Implementation

    Science.gov (United States)

    Darojat, Ojat; Nilson, Michelle; Kaufman, David

    2015-01-01

    Open universities have emerged as an innovative pillar in the expansion of access to higher education participation, with single-mode distance education providers broadening access in many countries through economies of scale supported by large enrolments. These models raise questions about the quality of education provided. This paper reports on…

  20. Particle swarm optimization of driving torque demand decision based on fuel economy for plug-in hybrid electric vehicle

    International Nuclear Information System (INIS)

    Shen, Peihong; Zhao, Zhiguo; Zhan, Xiaowen; Li, Jingwei

    2017-01-01

    In this paper, an energy management strategy based on logic threshold is proposed for a plug-in hybrid electric vehicle. The plug-in hybrid electric vehicle powertrain model is established using MATLAB/Simulink based on experimental tests of the power components, which is validated by the comparison with the verified simulation model which is built in the AVL Cruise. The influence of the driving torque demand decision on the fuel economy of plug-in hybrid electric vehicle is studied using a simulation. The optimization method for the driving torque demand decision, which refers to the relationship between the accelerator pedal opening and driving torque demand, from the perspective of fuel economy is formulated. The dynamically changing inertia weight particle swarm optimization is used to optimize the decision parameters. The simulation results show that the optimized driving torque demand decision can improve the PHEV fuel economy by 15.8% and 14.5% in the fuel economy test driving cycle of new European driving cycle and worldwide harmonized light vehicles test respectively, using the same rule-based energy management strategy. The proposed optimization method provides a theoretical guide for calibrating the parameters of driving torque demand decision to improve the fuel economy of the real plug-in hybrid electric vehicle. - Highlights: • The influence of the driving torque demand decision on the fuel economy is studied. • The optimization method for the driving torque demand decision is formulated. • An improved particle swarm optimization is utilized to optimize the parameters. • Fuel economy is improved by using the optimized driving torque demand decision.

  1. Doing Business 2014 Economy Profile : Croatia

    OpenAIRE

    World Bank; International Finance Corporation

    2013-01-01

    This economy profile presents the Doing Business indicators for Croatia. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 throug...

  2. Doing Business 2014 Economy Profile : Chile

    OpenAIRE

    World Bank; International Finance Corporation

    2013-01-01

    This economy profile presents the Doing Business indicators for Chile In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through M...

  3. Doing Business 2014 Economy Profile : Australia

    OpenAIRE

    World Bank; International Finance Corporation

    2013-01-01

    This economy profile presents the Doing Business indicators for Australia. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 thro...

  4. Model Year 2017 Fuel Economy Guide: EPA Fuel Economy Estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    2016-11-01

    The Fuel Economy Guide is published by the U.S. Department of Energy as an aid to consumers considering the purchase of a new vehicle. The Guide lists estimates of miles per gallon (mpg) for each vehicle available for the new model year. These estimates are provided by the U.S. Environmental Protection Agency in compliance with Federal Law. By using this Guide, consumers can estimate the average yearly fuel cost for any vehicle. The Guide is intended to help consumers compare the fuel economy of similarly sized cars, light duty trucks and special purpose vehicles.

  5. Model Year 2012 Fuel Economy Guide: EPA Fuel Economy Estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    2011-11-01

    The Fuel Economy Guide is published by the U.S. Department of Energy as an aid to consumers considering the purchase of a new vehicle. The Guide lists estimates of miles per gallon (mpg) for each vehicle available for the new model year. These estimates are provided by the U.S. Environmental Protection Agency in compliance with Federal Law. By using this Guide, consumers can estimate the average yearly fuel cost for any vehicle. The Guide is intended to help consumers compare the fuel economy of similarly sized cars, light duty trucks and special purpose vehicles.

  6. Model Year 2013 Fuel Economy Guide: EPA Fuel Economy Estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    2012-12-01

    The Fuel Economy Guide is published by the U.S. Department of Energy as an aid to consumers considering the purchase of a new vehicle. The Guide lists estimates of miles per gallon (mpg) for each vehicle available for the new model year. These estimates are provided by the U.S. Environmental Protection Agency in compliance with Federal Law. By using this Guide, consumers can estimate the average yearly fuel cost for any vehicle. The Guide is intended to help consumers compare the fuel economy of similarly sized cars, light duty trucks and special purpose vehicles.

  7. Model Year 2011 Fuel Economy Guide: EPA Fuel Economy Estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    2010-11-01

    The Fuel Economy Guide is published by the U.S. Department of Energy as an aid to consumers considering the purchase of a new vehicle. The Guide lists estimates of miles per gallon (mpg) for each vehicle available for the new model year. These estimates are provided by the U.S. Environmental Protection Agency in compliance with Federal Law. By using this Guide, consumers can estimate the average yearly fuel cost for any vehicle. The Guide is intended to help consumers compare the fuel economy of similarly sized cars, light duty trucks and special purpose vehicles.

  8. Model Year 2018 Fuel Economy Guide: EPA Fuel Economy Estimates

    Energy Technology Data Exchange (ETDEWEB)

    None

    2017-12-07

    The Fuel Economy Guide is published by the U.S. Department of Energy as an aid to consumers considering the purchase of a new vehicle. The Guide lists estimates of miles per gallon (mpg) for each vehicle available for the new model year. These estimates are provided by the U.S. Environmental Protection Agency in compliance with Federal Law. By using this Guide, consumers can estimate the average yearly fuel cost for any vehicle. The Guide is intended to help consumers compare the fuel economy of similarly sized cars, light duty trucks and special purpose vehicles.

  9. CORPORATE GOVERNANCE COMMITTEES IN EUROPEAN UNION EMERGING ECONOMIES

    Directory of Open Access Journals (Sweden)

    Mihaela Dumitrascu

    2013-07-01

    Full Text Available The aim of this research is to analyze the support committees of European Union emerging economies. The importance of good corporate governance is vital for an organization, especially in the emerging markets, fact that leads to a several perceived improvements of the entity, while being more trustable, open and transparent in relationship with all its stakeholders. In our demarche we started by choosing the emerging economies from European Union, which lead us to a sample consisting of the companies listed on Bucharest Stock Exchange, Sofia Stock Exchange, Warsaw Stock Exchange, Prague Stock Exchange, Budapest Stock Exchange, without taking into consideration a specific tier. In order to have a heterogeneous sample, we did eliminate the financial institutions from our research. This study is developed at European Union level and takes into consideration the following indices: BET® BUCHAREST EXCHANGE TRADING (Romania, SOFIX (Bulgaria, WIG 20 (Poland, PX (Czech Republic, BUX The Share Index of the Budapest Stock Exchange Co. Ltd. (Hungary. The data are extracted from the Annual Reports, Corporate Governance Codes, Comply or Explain Statement or the websites of the listed companies, from period 2007 - 2011. We choose this period, because we wanted to see the evolution of the corporate governance committees’ implementation from the period when the last countries from our sample joined the European Union since nowadays. Our conclusion is that we can not discuss about good corporate governance practices. Even so, we can observe from our investigation that the trend in this regard is encouraging. Like future research, we thought at developing our study by comparing the emerging economies from European Union with those outside this area. It is an interesting field of investigation, as every country has different regulations.

  10. UNDERGROUND ECONOMY, GDP AND STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Caus Vasile Aurel

    2012-07-01

    Full Text Available Economic growth is affected by the size and dynamics of underground economy. Determining this size is a subject of research for many authors. In this paper we present the relationship between underground economy dynamics and the dynamics of stock markets. The observations are based on regression used by Tanzi (1983 and the relationship between GDP and stock market presented in Tudor (2008. The conclusion of this paper is that the dynamics of underground economy is influenced by dynamic of financial markets. Thus, using specific stock market mathematical tools analysis, one can analyze the dynamic of underground economy

  11. VAR—ANALYSIS OF GLOBAL FINANCIAL ECONOMIC CRISIS IMPACT ON PUBLIC BUDGET AND UNEMPLOYMENT: EVIDENCE FROM THE ECONOMY OF THE KYRGYZ REPUBLIC

    Directory of Open Access Journals (Sweden)

    Nargiza Bakytovna Alymkulova

    2016-12-01

    Full Text Available The Global financial crisis hit the economy of the Kyrgyz Republic by the third wave of its transmission in the early of 2009. The article examines the impact of the Global financial economic crisis on the public budget and unemployment of the Kyrgyz Republic. We analyzed the transmission of the crisis on the public budget firstly and its effect on unemployment level by using the vector autoregression approach (VAR and quarterly data for 2005–2013 within the framework of IS-LM model for small open economies with floating exchange rate. There is an inverse relationship between the public budget and remittances inflow, liquidity level, volume of deposits, and exchange rate. As a result of the study, the fall in remittances inflows, liquidity level of the banking system, depreciation of the national currency lead to an increase in public revenue. Therefore, the increase in public spending during the crisis period, with the aim of unemployment reduction, may be considered as a crucial policy. The study result allows to policy-makers to exactly know what channels of transmission mechanism transfer the Global crisis on the public budget and its effect on unemployment level of the republic in order to undertake anticrisis macroeconomic policy. The final result of the study indicates that the increase of unemployment level by 1 % requires the increase of public spending by 0.63 %.

  12. Institutional Framework of Income Inequality in Modern Economy

    Directory of Open Access Journals (Sweden)

    Malkina Marina, Yu.

    2016-03-01

    labor market and the public finance institutions, as well as the degree of openness of the economy on income inequality. The paper summarizes the approaches to the effects of income inequality on economic development, political processes and social well-being of population. It puts forward a number of proposals to manage institutional environment in order to bring inequality closer to its optimal economic level.

  13. Millennials and the Sharing Economy

    DEFF Research Database (Denmark)

    Ranzini, Giulia; Newlands, Gemma; Anselmi, Guido

    Report from the EU H2020 Research Project Ps2Share: Participation, Privacy, and Power in the Sharing Economy......Report from the EU H2020 Research Project Ps2Share: Participation, Privacy, and Power in the Sharing Economy...

  14. Petroleum and the economy

    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

  15. MARKETING IMPLICATION IN WINE ECONOMY

    Directory of Open Access Journals (Sweden)

    Ştefan MATEI

    2014-11-01

    Full Text Available The wine, a very complex product in viticulture, has proved its tremendous importance not only to the individual but rational nutrition and increasing national income of a country cultivators (evidenced by the upward trend of the share of crop production horticulture and viticulture in the global economy agricultural. More interesting is, given the continued growth in the number of scientific publications and their quality (at least since the 1980s - where "wine" is the centerpiece of these studies - we can not but be witnessing a growing interest more to this "potion" and found that the growing popularity of wine in the science reveals the emergence of a new academic field, ie "wine economy" (or wine-economy. This study aims to make a foray into "wine economy" and to outline some of the implications of marketing in this area.

  16. Experiences of Emerging Economy Firms

    DEFF Research Database (Denmark)

    Experiences of Emerging Economy Firms investigates the different elements of the experiences of emerging economy firms and sheds essential light on a large variety of aspects associated with their functioning in both home and host contexts. For example, firms must be able to overcome the liability...... of foreign and emerging issues when they expand their activities in various contexts, enter, exit, and re-enter overseas markets; they have to overcome institutional barriers, adapt the cultural challenges in foreign markets, undergo the impact of large multinational firms from developed economies...

  17. A Global Perspective on Small and Medium Reactor Designs

    International Nuclear Information System (INIS)

    Majumdar, D.; Kupitz, J.

    2002-01-01

    In the beginning, nuclear power plants were designed for what are now considered small reactors. Then the size increased because of economy of scale, and eventually large reactors in the range of 700 to 1500 MWe size were designed and constructed. However, since the early 1990s the interest in many countries with small and medium electricity grids, mainly in Asia and Eastern Europe, has resulted in increased efforts on designing and developing small (less than 300 MWe) and medium (less than 700 MWe) sized reactors (SMRs). SMRs are also of interest for remote locations, for non-electric applications for desalination and district heating, and for hydrogen production in the future. In addition, globalisation of world economy, deregulation of electricity markets, privatisation of the electricity sector, the drive for energy independence and flexibility, increased concerns for the environment, non-proliferation and awareness of sustainable development have forced new work for innovative designs. This paper will discuss the status of innovative reactor developments in the world. (author)

  18. Doing Business Economy Profile 2016 : Australia

    OpenAIRE

    World Bank Group

    2015-01-01

    This economy profile for Doing Business 2016 presents the 11 Doing Business indicators for Australia. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2016 is the 13th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it....

  19. Doing Business Economy Profile 2015 : Honduras

    OpenAIRE

    World Bank Group

    2014-01-01

    This economy profile for Doing Business 2015 presents the 11 Doing Business indicators for Honduras. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2015 is the 12th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. ...

  20. Doing Business Economy Profile 2015 : Singapore

    OpenAIRE

    World Bank Group

    2014-01-01

    This economy profile for Doing Business 2015 presents the 11 Doing Business indicators for Singapore. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2015 is the 12th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it....