WorldWideScience

Sample records for socialist market economy

  1. 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.

  2. The Rational Examination of the Socialist Marketing Economy%对社会主义市场经济的理性审视

    Institute of Scientific and Technical Information of China (English)

    刘林元

    2012-01-01

    The marketing economy and planned economy should be combined and complement each other because they both have advantages and disadvantages. Economic system of socialism with Chinese characteristics should carry out planned marketing economy system which integrates planned economy and marketing economy, and is not single marketing economy. Socialist marketing economy has common features of the marketing economy and has the same internal contradictions as other kinds of marketing economies, which are the economic causes of current serious corruption. Confronted with the personal egoism values stimulated by marketing economy, we should uphold and develop the socialist collectivism values and ethics.%市场与计划各有其长短,应该互相结合,互相补充。中国特色的社会主义经济体制应该实行计划与市场相结合的计划市场经济体制,而不是单一的市场经济体制。社会主义市场经济具有市场经济的共同特点,存在着一般市场经济所具有的内在矛盾,这是当前严重腐败现象产生的经济根源。面对市场经济引发的个人利己主义价值观,应该坚持和发扬社会主义集体主义价值观和道德观。

  3. A Comparative Analysis of Socialists and Capitalists Economies ...

    African Journals Online (AJOL)

    From America's example of capitalist economy and politics, China's capitalist's, socialists and communists' mixed-system; and from North Korea's example of a purely communists' state, the current essay has argued for the illusiveness of attempting to eliminate either a communist, a feudal, a fascist or a socialist's economy, ...

  4. “准心理学自利主义”与社会主义市场经济%"Must psychology from the socialist" and socialist market economy

    Institute of Scientific and Technical Information of China (English)

    唐美丽; 张保和

    2012-01-01

    Combining contemporary normative ethical theory,western classical market economics theory and marxism theory,we can do a basic conclusion on the hypothesis of human nature at this stage: people are more likely to take the time to act for their own interests rather than the interests of others,I call it 'quasi-psychological self-serving doctrine.' This hypothesis of human nature is the psychological characteristics of a assuming fact,rather than the ethics of self-interest advocates.This hypothesis of human nature has a similarity with Adam Smith's 'invisible hand',it also has a consistency with Marxist discussion of socialist relations between the individual and society,but it is not extreme egoism,it can limit the development of personal interests,it is both efficient and promote fair and reflects the assumption of human nature.The development of Socialist Market Economy is based on this real course,China's Socialist Market Economy is also consistent with the combination of Scientific Socialism between this human nature 'invisible hand' and 'visible hand'.%结合当代西方规范伦理学理论、古典经济学的市场经济理论和马克思主义理论,对现阶段的人性假设做一个基本判断:人们在采取行动的时候更容易为自己的利益而不是为他人利益所打动,笔者把它称作"准心理学自利主义"。这种人性假设是对人的心理特征的一种事实假定,而非主张利己主义的伦理规范。这种人性假设与亚当.斯密的"无形之手"具有相似性,与马克思关于社会主义个人与社会关系论述也具有一致性,但它不是极端的利己主义,而是有限制地发展个人利益,是既体现效率又倡导公正的人性假设。它是我们制定社会主义市场经济的实然基础,我国的社会主义市场经济是符合这种人性的"无形之手"和"有形之手"有机结合的科学社会主义。

  5. 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.

  6. Changes in Chinese Education under Globalisation and Market Economy: Emerging Issues and Debates

    Science.gov (United States)

    Guo, Shibao; Guo, Yan; Beckett, Gulbahar; Li, Qing; Guo, Linyuan

    2013-01-01

    Fuelled by forces of globalisation, China has gradually shifted from a centrally planned economy to the "socialist market economy". This study examines changes in Chinese education under globalisation and market economy, focusing on the teaching and living conditions of teachers. The study reveals that the profound transformation of…

  7. Capital investment of overseas Vietnamese to the economy of the Socialist Republic of Vietnam

    Directory of Open Access Journals (Sweden)

    Tyabaev Andrey E.

    2016-01-01

    Full Text Available The paper explores the vital issues of attracting investment from Vietnamese emigrants of different generations to the economy of the present-day Vietnam. We give the definition of the Vietnamese Diaspora (Viet Kieu and a short overview of emigrant waves. In addition, we explain how leaders of the Socialist Republic of Vietnam have interacted with overseas Vietnamese and their organizations in the field of economy over the years. The paper demonstrates geographic differences existing in this type of investment. Further, we outline the measures taken to encourage the Viet Kieu investment in the country’s economy as well as the success rate of these measures. Finally, we specify the barriers to investing in the national economy of Vietnam for “overseas fellow nationals”.

  8. The Triumph and fall of socialist accounting : a historical aspect

    OpenAIRE

    Mackevičius, Jonas

    2005-01-01

    [...] Until now, the comparative analysis of accounting systems in socialist centralized planned economy and capitalistic free market economy has been insufficient; the mutual impact of these systems has not been articulated. Currently, one often poses a question: what were actual, possible and could be future contributions of socialist accounting to the development of international accounting? Will the insights and ideas of authors from socialist countries be applied to improve accounting sy...

  9. Economy, market and chain

    NARCIS (Netherlands)

    Sukkel, W.; Hommes, M.

    2009-01-01

    In their pursuit of growth and professionalisation, the Dutch organic sector focuses primarily on market development. But how do you stimulate the market for organic foods? This is the subject of many research projects concerning market, consumer preferences and the supply chain. These projects

  10. Economy, market and chain

    OpenAIRE

    Sukkel, W.; Hommes, M.

    2009-01-01

    In their pursuit of growth and professionalisation, the Dutch organic sector focuses primarily on market development. But how do you stimulate the market for organic foods? This is the subject of many research projects concerning market, consumer preferences and the supply chain. These projects focus specifically at consumer purchasing behaviour, product development, supply chain formation and minimising cost price. As a rule, this research takes place in close cooperation with chain actors

  11. Linking Entrepreneurial Orientation to Firm Performance in a Post-Socialist Market Context: the Case of Hungary

    Directory of Open Access Journals (Sweden)

    David KOVACS

    2016-12-01

    Full Text Available Entrepreneurial orientation provoked the interest of numerous scholars as well as political and administrative decision-makers. Both start-ups and already established corporate entities are increasingly persecuting new opportunities, products, and business models in order to establish superiority above their competitive environment. The tendencies evince an optimist impact of entrepreneurial orientation on business performance, namely on financial performance. Beyond the aforementioned relationship, there are impulses such as environmental and organizational factors, which are affecting the businesses. The results of this study provide evidence of the effect of entrepreneurial orientation on business performance in a post-socialist context. We test the impact of three moderators on this bivariate relationship. In contrast to the substantial body of literature for Western markets, we contribute to minimizing the considerable gap of research in post-socialist economies. Entrepreneurial orientation as an organizational behavior may affect the financial performance of businesses differently in distinct market contexts. Both, internal and external factors are crucial to identifying, analyze and monitor, to achieve superior performance and to overcome competitors. This study builds upon a stratified sampling survey of Hungarian company owners and managers from the Amadeus database. The study uses a deductive approach. For the analysis, we rely on structural equation modeling using the PLS algorithm. Our study contributes to the existing literature by means of confirming the entrepreneurial orientation to firm performance relationship for Hungary. In this context, we test the moderating effects of environmental dynamism, environmental hostility as environmental factors and firm age as an organizational factor. Environmental hostility is closely related to an unfavorable environment, deriving from rapid and radical changes in the industry, which are

  12. Radiation processing and market economy

    International Nuclear Information System (INIS)

    Zagorski, Z.P.

    1998-01-01

    In the system of totalitarian economy, regulated by bureaucracy, the real value of equipment, materials and services is almost completely unknown, what makes impossible the comparison of different technologies, eliminates competition, disturbs research and development. With introduction of market economy in Central and Eastern Europe, the radiation processing has lost doubtful support, becoming an independent business, subject to laws of free market economy. Only the most valuable objects of processing have survived that test. At the top of the list are: radiation sterilization of medical equipment and radiation induced crosslinking of polymers, polyethylene in particular. New elements of competition has entered the scene, as well as questions of international regulations and standards have appeared

  13. 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.

  14. Relationship marketing in digital economy

    Directory of Open Access Journals (Sweden)

    Đorđević Bojan

    2007-01-01

    Full Text Available Relationship marketing in digital economy represents a new phase of marketing development in the XXI century. Key features lie in the development of closer relationship and cooperation between companies and their Internet consumers and partners. It was the problem of nonestablished e-relationships that was the main reason for failure of those companies that first started their new, digital environment business. Challenge for companies in the future will be introducing the CRM concept, with the main goal of bringing the high satisfaction and loyalty to their consumers in the e-market. .

  15. 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

  16. The Institutional Framing of the Market Economy

    DEFF Research Database (Denmark)

    Howells, John

    2003-01-01

    A review of the significance of the intellectual tool of the technology complex for an understanding of the role of innovation in the market economy. The framing of the market economy is understood as the way that institutions of finance, education and intellectual property are reformed to aid...

  17. Why are Market Economies Politically Stable?

    DEFF Research Database (Denmark)

    Dalgaard, Carl-Johan Lars; Olsson, Ola

    at the expense of other groups in society. If the gains from specialization become su¢ ciently large, however, a market economy will emerge. From being essentially noncooperative under self-sufficiency, the political decision making process becomes cooperative in the market economy, as the welfare of individuals...

  18. Implications of economic transition and demographics for financing pensions in the former socialist economies.

    Science.gov (United States)

    Jenkins, G P

    1993-01-01

    "This paper is concerned primarily with the financing of pensions, or the old-age income maintenance portion of the social security system. While the discussion here will be limited to Hungary and Poland, most of the post-socialist countries of East and Central Europe and of the former Soviet Union face similar problems." The author suggests "a set of alternative pension financing strategies....A novel approach is to replace the payroll tax with part of a value-added tax, which may be a good short run solution to current financial crises of the pension systems in these countries." excerpt

  19. Marketing and its position in modern economy

    OpenAIRE

    Krupička, Roman

    2009-01-01

    English Title & Summary Marketing And Its Role In Current Economy In initial part of this diploma work, its author tries to define marketing in its actual meaning, to desribe marketing trends from the historical and contemporary view and to analyze marketing activities in relation to marketing mix. He emphasises the boundary of these activities to their economical consequences, revealing these consequences and their analysis on theree levels - single bussines, regionaly and in scale of intern...

  20. Political Capital in a Market Economy

    Science.gov (United States)

    Nee, Victor; Opper, Sonja

    2010-01-01

    This research applies a transaction-focused institutional analysis to compare the value of political capital in different institutional domains of China's market economy. Our results show that the value of political capital is associated with institutional domains of the economy in which agents can use political connections to secure advantages.…

  1. Service Marketing Competitiveness In The New Economy

    OpenAIRE

    Aleksandar Grubor

    2008-01-01

    In the new economy the basic characteristics of services determine service consumption, just as customer relationship management impacts on the approach to services marketing. Contemporary service customers perceive service quality in service encounters and in ongoing relationships as well. The perception of service quality may be presented as a basic model of perception, known in service marketing reference sources as The Perceived Service Quality Model. Service marketers and marketing manag...

  2. An important way to build a new socialistic countryside: developing circular economy

    Institute of Scientific and Technical Information of China (English)

    Ji Kunsen

    2006-01-01

    @@ It was put forward in the Fifth Session of Sixteenth Central Committee of the Party that "it is a great historic mission on the path for China to modernization to construct new socialistic countries",and that "according to the requirements of developing production, ample life, civilized countryside climate, clean countryside, democratic management,urban and rural social and economic development should be unifiedly planned, modern agricultural construction should be promoted, rural reform should be deepened all round, rural public service should be advanced, and peasants' income should be increased by all means." Some time ago Premier Wen Jiabao pointed out that problems about the carrying capacity of resources and environment, for example the decrease of arable land, the lack of freshwater and eco-environmental deterioration, will be tough challenges to agricultural development in China.

  3. On Population Mobility in Market Economy

    Institute of Scientific and Technical Information of China (English)

    Yu Xianzhong

    2005-01-01

    Regular and extensive social population mobility in natural economy is neither necessary nor possible while in a planned economic system, social population distribution is necessary but social population mobility is unlikely. Modern market economy as a highly mobile economy has a free-mobile population characteristic of market economy, which is fundamental to optimize human resource distribution. The rule for the modern market-based population movement is as follows: If the mobile population is the rational behavior choosers, under the permissive developmental environment as arranged by the social system, they tend to move from low profit-making fields to high income fields when there exists comparable difference of income in different regions and different industries, and various potential and practical profit-making chances. The degree of difference in comparable income is positively co-relative to the velocity and flux of mobile population.

  4. Benchmarking a Transition Economy Capital Market

    Directory of Open Access Journals (Sweden)

    A. Keller

    2007-09-01

    Full Text Available As the centrally planned communist nations of Central Europe lacked liquid and efficient capital markets,financial systems architecture became instrumental to their transition into market economies. Now, afteralmost 17 years of operations, it is time to take a snapshot of one of these economies and compare it to a welldeveloped capital market. This study is the first to provide a quantifiable comparison of the quality of thecapital markets of a fully developed and a transition economy; namely Euronext France [Euronext] and theWarsaw Stock Exchange [WSE]. Using intraday data for the Euronext market and the WSE it is shown thatwhile overall liquidity is certainly much greater in Euronext, range based intra-day volatility is significantlylower in the WSE. For stocks with the highest market capitalisation the WSE has lower transaction costs inthe first [largest] decile than Euronext. These results indicate that while the established market is significantlymore liquid in terms of average trade size and trade numbers it does not always offer lower transaction costsor volatility. This is a new result as most contributions to the literature argue that an emerging market within atransition economy will suffer from excess volatility.

  5. A report on the development of China's market economy 2005

    Institute of Scientific and Technical Information of China (English)

    LI Xiaoxi

    2006-01-01

    This paper dicusses on the issue of the development of China's market economy from six aspects.(1)Basic Content and Conclusions on the development of China's market economy.(2)Further progress in building market-oriented economy in China.(3)Assessment of the degree of market economy development in China.(4)New progress in 2004 in developing market economy in China.(5)A general analysis of twelve key questions concerning market economy.(6)Resolution of the"non-market economy"issue:a win-win option.

  6. The Impact of Military Conflicts on National Economies of the Post-Socialist Space Countries

    Directory of Open Access Journals (Sweden)

    Ievdokymov Viktor V.

    2017-04-01

    Full Text Available The article is concerned with studying the impact of military conflicts on the national economies. The study is aimed at assessing sensitivity of the key macroeconomic indicators (GDP, share of military spending in the GDP, and unemployment rate to the military actions, which evolved on the territory of the former USSR countries (Azerbaijan, Georgia, Moldova, Russia, Tajikistan until 2013. According to the results of generalization of publications on this topic three states of the national economy in relation to military conflicts were allocated: the peace-time economy, the war economy, the post-conflict economy. A reduced financing for the defense sector and rising unemployment in the first post-war years, as well as a gradual increase in the GDP on completion of the military actions in the countries under consideration, have been identified. Some attention was paid to the macroeconomic situation and the State policy in the sphere of national security and defense of Ukraine prior to 2014.

  7. NEO-AMERICAN MARKET ECONOMY MODEL

    Directory of Open Access Journals (Sweden)

    Chiriţescu Dorel-Dumitru

    2011-09-01

    Full Text Available The American market economy system is the convergence point of two theoretical models: the neoclassic model (which excludes the state intervention and keynesist model (in which the state intervenes as decisional economic agent. the relaunch of American economy set off at the end of the last century in the same time with Ronald Reagan presidency and relies on a important financial and technological patrimony.

  8. Do 'liberal market economies' really innovate more radically than 'coordinated market economies'? Hall & Soskice reconsidered

    NARCIS (Netherlands)

    Akkermans, D.H.M.; Castaldi, C.; Los, B.

    2009-01-01

    In Varieties of Capitalism; The Institutional Foundations of Comparative Advantage, Peter A. Hall and David Soskice (H&S) argue that technological specialization patterns are largely determined by the prevailing "variety of capitalism". They hypothesize that "liberal market economies" (LMEs)

  9. Do 'liberal market economies' really innovate more radically than 'coordinated market economies'? Hall and Soskice reconsidered

    NARCIS (Netherlands)

    Akkermans, Dirk; Castaldi, Carolina; Los, Bart

    In Varieties of Capitalism: The Institutional Foundations of Comparative Advantage, Peter A. Hall and David Soskice (H&S) argue that technological specialization patterns are largely determined by the prevailing "variety of capitalism". They hypothesize that "liberal market economies" (LMEs)

  10. Energy policy and the market economy

    International Nuclear Information System (INIS)

    Ruehle, H.; Miegel, M.

    1980-01-01

    The consistent supply of the people with cheap energy is one of the biggest challenges of our time. There is hardly any other sphere where the opinions on the correct means and ways are as different as in energy policy. While some people see only the market as a suitable instrument to solve the energy problems, others are of the opinion that the problems can only be solved by planning by the government, quantitative restrictions, and other directive measures. The answer to this question involves long-term results, not only for our future energy policy. Planned economy in the energy section and marketing in all other sections cannot be continued for ever. The clarification of this question is the goal of these lectures and discussions held on the experts' meeting 'energy policy in marketing'. (orig.) [de

  11. Influence of peculiarities of transition economy on real estate market

    OpenAIRE

    Venclauskienė, Deimantė; Snieška, Vytautas

    2010-01-01

    Global integration processes highlight relevance and weight of real estate market in determining economic cycle processes in different countries. Real estate market processes in countries with transition economy differ from real estate market processes in countries with developed economy in their peculiarities, possible reactions of market participators to economic shocks and consequences to country‘s economy. Common problems with property privatization, formation of legal and financial syste...

  12. Asset Stripping in a Mature Market Economy

    DEFF Research Database (Denmark)

    Klarskov Jeppesen, Kim; Møller, Ulrik Gorm

    2011-01-01

    Purpose – The purpose of this paper is to document a Danish fraud scheme, in which a large number of limited companies were stripped of their assets leaving them with nothing but tax debt, eventually causing the Danish Tax and Customs Administration to lose large sums. Furthermore, the purpose...... indicates that asset stripping may take place in mature market economies to the extent that perpetrators are able to circumvent the corporate governance system by giving lawyers, public accountants and banks incentives to act less critically towards dubious business transactions. Research limitations...

  13. A report on the development of China¡¯s market economy 2005

    OpenAIRE

    LI Xiaoxi

    2006-01-01

    This paper dicusses on the issue of the development of China s market economy from six aspects. (1) Basic Content and Conclusions on the development of China s market economy. (2) Further progress in building market-oriented economy in China. (3) Assessment of the degree of market economy development in China. (4) New progress in 2004 in developing market economy in China. (5) A general analysis of twelve key questions concerning market economy. (6) Resolution of the non-market economy issue:...

  14. Enhancing rural economies: women in groundnut marketing in the ...

    African Journals Online (AJOL)

    Enhancing rural economies: women in groundnut marketing in the Bolgatanga area. ... The findings were that lack of credit support, transport limitations, inefficient groundnut marketing channels and systems, ... AJOL African Journals Online.

  15. Update of China economy and coal market

    International Nuclear Information System (INIS)

    Suen, H.

    2010-01-01

    This presentation discussed the surge in China's coal imports. The depressed demand for coal worldwide made huge tonnages available for the Chinese to buy at the same time that there was a willingness to sell coal more cheaply to compete with the Chinese domestic supply price and a coal shortage in China resulting from mine closures and consolidations. The Chinese Government is seeking to slow economic growth to control inflation and prevent an overheated economy. The government emphasis is on energy saving and emission reduction, production cuts at high energy consuming plants, the closure of outdated steel mills, and a restriction on power production. Steel production is expected to fall in the second half of the year as a result of surpluses. China's coal imports will increase in 2010; however, the consolidation process is now completed, and the new capacity will begin to be released in the second half of the year, ending the domestic coal shortage. The increase in the domestic market is constraining price increases. Premium hard coking coal (HCC) remains tight, but normal grade coals are in surplus and facing pressure to reduce prices. China's domestic coal prices form the bottom for the world coal market. Chinese import demand will continue, but demand is expected to gradually decline and be lower in 2011 as the domestic supply becomes sufficient. Nevertheless, China will always have a tremendous demand for coal and needs to import premium HCC. China adopted a quarterly price for the first time this year. 5 tabs., 4 figs.

  16. Energy implications of the move from a command to a market -based economy in Eastern Europe

    International Nuclear Information System (INIS)

    Bashmakov, I.

    1991-01-01

    Three scenarios of East Europe energy development till 2010 are considered. Calculation results show that in the short and long-term future Eastern Europe will encounter two types of difficulties. Firstly, the USSR can no longer cover strong demand for cheap oil from East European clients for the foreseeable future. Hence, Eastern Europe will need to find another source of oil supply and create corresponding infrastructure. Secondly, introduction of new rules in mutual trade of socialist countries and growth of the unit energy import value will force East European countries to pay substantially larger energy import bills (to 20-30 bln.$ in 1991-2000). Taking into account the difficulties to earn such volumes of hard currency the main conclusion is that the problem of energy supply will be one of the most difficult in Eastern Europe transition from a command to a market economy. (author)

  17. Corruption: Threat to democracy and market economy in Nigeria ...

    African Journals Online (AJOL)

    In the research on 'Corruption: Threat to Democracy and Market Economy', the researchers critically explore the issue of corruption and how it threatens the democracy and market economy in Nigeria. Relevant literature was revised, which formed the secondary data. The theoretical framework of the study is political ...

  18. Problems of Transition from a Planned to a Market Economy

    OpenAIRE

    Krelle, Wilhelm

    2000-01-01

    The paper shows that a transition from a planned to a market economy implies an important change of the structure of production, i. e. a reallocation of resources which takes time and induces sufferings for some people. These sufferings may be reduced by subsidization of some sectors, with some negative effects on GDP and growth if subsidization exceeds a certain size. The time tillthe economy in transition reaches an ``old" market economy (asymptotically or totally) is estimated by different...

  19. 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.

  20. The Migration of Railway Freight Transport from Command Economy to Market Economy: The Case of China.

    OpenAIRE

    Xie, R.; Chen, H.; Nash, C.

    2000-01-01

    In recent years, the Chinese railways freight transport has been facing great challenges from the transport market and economic expansion. The total freight volume has been increasing. But the market share of railway freight has decreased greatly, especially since the beginning of migration from command economy to market economy. In this paper, we make some insight into five aspects. Firstly, the historical and current situation of freight transport in China and the relationship between econo...

  1. Jobs, careers, and becoming a parent under state socialist and market conditions: Evidence from Estonia 1971-2006

    Directory of Open Access Journals (Sweden)

    Sunnee Billingsley

    2014-06-01

    Full Text Available Background: Entering employment and achieving a stable position in the labour market are considered important preconditions for childbearing. Existing studies addressing the relationship between work experience and the timing of parenthood focus exclusively on Western Europe and North America. By adding an Eastern European context before and after societal transformation, this study contributes to a more comprehensive account of the role of work experience in first-birth timing in Europe. Objective: We investigate how work experience and career development are related to the timing of parenthood in two diverse contexts in Estonia, state socialism and the market economy, and how it varies by gender and nativity. Methods: The data used come from the Estonian Health Interview Survey 2006-2007. We estimate piecewise constant event history models to analyse the transition to first birth. Results: Our results suggest that in the market economy work experience became moreimportant in the decision to enter parenthood. In the market economy the importance of work experience to entering parenthood became more similar for women and men. Non-native-origin men and women's timing of parenthood appears to have become detached from their career developments. The article discusses mechanisms that may underlie the observed patterns. Conclusions: Our study shows how work experience gained importance as a precondition for parenthood in the transition to a market economy. This lends support to the view that the increasing importance of work experience is among plausible drivers of the postponement transition that extended to Eastern Europe in the 1990s.

  2. CHINA AND THE SOCIALIST TRANSITION - A BRIEF SKETCH

    Directory of Open Access Journals (Sweden)

    Luís Carapinha

    2014-06-01

    Full Text Available The troubled course of the revolutionary process of building socialism in China reveals a gradual reorientation of revolutionary energies to the "technical tasks", focused on economic development and increase of productive forces. The theoretical and practical reframing of Chinese socialist transition acquires a qualitative dimension with the proclamation of the Reform and Opening policy and the recognition of the historical phase that the Communist Party of China, since Deng Xiaoping, defined as the primary stage of socialism. The economic reformulation stresses the issue of the use of market instruments in the process of socialist transition in China, establishing a parallel with the pioneering experience of Soviet NEP. The socialist market economy in China corresponds to a model of mixed economy, in which public ownership and the State hold the commanding heights of the economy, and the integration into the world economy is a key lever. This reality that does not set as granted a return of China to the dominance of capitalism. At the same time, the inevitable clash between the dynamics of two conflicting economic systems – socialism and capitalism – raises to the CCP and the Chinese proletariat the theoretical and practical requirement of safeguarding a re-updated class perspective.

  3. 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.

  4. Integrated marketing communications and their role in economy and education

    OpenAIRE

    Melnikova Nadezhda; Naumenko Tamara; Smakotina Natalia

    2016-01-01

    The article is devoted to the analysis of marketing, its role and significance in the modern education system and economy. The authors review the advantages of integrated marketing communications which include, apart from marketing, organizational culture, advertising, public relations (PR), branding, image making and other types of communication influencing the formation and functions of social processes and institutions, including the economic and education sphere.

  5. Self-management socialism compared to social market economy in transition: Are there convergent paths?

    OpenAIRE

    Mulaj, Isa

    2009-01-01

    Despite considerable and miscellaneous research in transition economics, some of its aspects have yet to evolve and come up with a more standard theory. After the initial systemic change in two versions of socialist systems - centralist in the former Soviet Union (FSU), and self-management in the former Socialist Federal Republic of Yugoslavia (SFRY), and rush towards a market-based system, setbacks in economic performance were marked by a sharp decline in living standards for the majority of...

  6. Privatization, political risk and stock market development in emerging economies

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatisation in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatisation programme represents a major political test which gradually resolves uncertainty

  7. Provision of Effectiveness of University Education on the Market Economy

    Science.gov (United States)

    Kuznetsov, Nikolai; Usenko, Lyudmila; Ivanova, Olga; Kostoglodova, Elena

    2017-01-01

    Purpose: The purpose of this paper is to evaluate and determine the effectiveness of university education on the economy of various countries. Design/methodology/approach: To determine the necessity and expedience of making provision for the effectiveness of university education on the market economy, this work uses the method of regression and…

  8. Effect of business regulation on investment in emerging market economies

    Directory of Open Access Journals (Sweden)

    Birungi Korutaro

    2013-01-01

    Full Text Available This paper provides an empirical analysis of the business regulatory factors that influence investment in a selection of 29 emerging market economies. Both theoretical and empirical literature on the effect of the regulatory environment on investment is reviewed. A panel data analysis over the period 2003–2007 reveals that investment is influenced by secure property rights and the degree of business entry regulation. The results carry important policy implications for improving the investment climate of emerging market economies.

  9. Measuring economies of scale at the city market level.

    Science.gov (United States)

    Valdmanis, Vivian G

    2010-01-01

    Data envelopment analysis (DEA) techniques have been applied to the assessing efficiency and productivity among individual hospitals. In this article, we employ DEA to address whether economies of scale exist among hospital markets by first assessing individual hospitals operating in 2005 in the State of Florida and then by comparing hospital markets' efficiency relative to each other. The interest in hospital markets stems from issues relating to mergers among hospitals or the reallocation of services (inputs) among hospitals in a market area, particularly as occupancy rates and reimbursements are tending to fall. Facing more competition and stringent financial conditions, hospitals would benefit from decreasing costs by exploiting economies of scale.

  10. Free Market Institutions and FDI Performance in Emerging Asian Economies

    Directory of Open Access Journals (Sweden)

    Vogiatzoglou Klimis

    2016-12-01

    Full Text Available This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions.

  11. 77 FR 38553 - Proposed Modification to Regulation Concerning the Use of Market Economy Input Prices in...

    Science.gov (United States)

    2012-06-28

    ... Regulation Concerning the Use of Market Economy Input Prices in Nonmarket Economy Proceedings AGENCY: Import... 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...

  12. Dynamics of market orientation in Croatian economy

    Directory of Open Access Journals (Sweden)

    Ivana First

    2011-12-01

    Full Text Available It was the goal of this research to examine the dynamics of Croatian transformation to market orientation and test whether the market orientation model changes with time as the business environment changes. Based on the literature analysis, we proposed a hypothetical model which relies on behavioural approach in understanding market orientation. To empirically test the hypothetical model, we used data previously collected for 2001, and by replicating the same questionnaire now collected data for 2011. Data was analyzed by hierarchical regression analysis on the two sets of data. Our findings reveal that Croatian organizations reached the level of moderate market orientation leaving space for improvement. Findings also reveal that higher level of market orientation correlates with higher business performance. Furthermore, with development of ICT, the model of market orientation modified in time in a way that in predicting successful market oriented reaction, specific information on consumer satisfaction gains importance, while general information from competitor and consumer databases lose importance. Despite the changes in the relationships among the elements of market orientation, the model itself similarly predicts performance today as it did ten years ago. Managers are advised to increase implementation of market orientation especially focusing on market responsiveness as such behaviour will lead to better performance.

  13. The Capital Market and Performance of the Nigerian Economy: A ...

    African Journals Online (AJOL)

    A vibrant capital market plays a crucial role in promoting the growth and development of the economy. This study examined the performance of the capital market and its impact on the economic growth of Nigeria. Using a time series data covering a period of 26 years (1985–2010) and employing the econometric tool of ...

  14. Private Forests: Management and Policy in a Market Economy

    Science.gov (United States)

    Frederick W. Cubbage; Anthony G. Snider; Karen Lee Abt; Robert L. Moulton

    2003-01-01

    This chapter discusses privately owned forests and timber management in a market economy, including private property rights and tenure, landowner objectives and characteristics, markets, and government policies. Private forest land ownership and management-whether it be industrial or nonindustrial-is often assumed to represent the classic model of atomistic competition...

  15. Financial development and poverty reduction in emerging market economies

    Directory of Open Access Journals (Sweden)

    Bayar Yılmaz

    2017-01-01

    Full Text Available Poverty reduction is one of the key challenges in the globalized world. This study investigates the relationship between financial development and poverty reduction in emerging market economies during the period 1993- 2012. The Carrión-i-Silvestre, del Barrio-Castro, and López-Bazo (2005 panel unit root test and the Basher and Westerlund (2009 cointegration test was applied considering the cross-sectional dependence and multiple structural breaks in the study period. The findings indicated that financial development, including banking sector development and stock market development, had a significant positive impact on poverty reduction in emerging market economies.

  16. THE IMPORTANCE OF CAPITAL MARKET IN ECONOMY

    Directory of Open Access Journals (Sweden)

    Alin Marius Andrieş

    2009-12-01

    Full Text Available All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial markets and in financing investments, trying to highlight the growing importance of this subsystem, shown both to economic agents and to all categories of investors.

  17. Social Welfare and the Market Economy.

    Science.gov (United States)

    Nelson, Joel I.

    1992-01-01

    Reports on a study that questions whether private enterprise can maintain quality while reducing costs of providing social welfare services. Reviews three aspects of privatization: (1) competitive markets; (2) rationality; and (3) cost reduction. Concludes by questioning a central claim of economic theory: that free markets and private firms are…

  18. Corporate Relationship Marketing in Developing Economies ...

    African Journals Online (AJOL)

    relationship marketing (CRM) as multi-auspicious and efficacious new sensation to drive Nigerian banks to topmost heights with utmost sustainability. This competition – friendly vantage pathway is conceptually projected in this work as the relationship marketing – performance causality (REMPEC) diagnostic connect.

  19. Integrated marketing communications and their role in economy and education

    Directory of Open Access Journals (Sweden)

    Melnikova Nadezhda

    2016-01-01

    Full Text Available The article is devoted to the analysis of marketing, its role and significance in the modern education system and economy. The authors review the advantages of integrated marketing communications which include, apart from marketing, organizational culture, advertising, public relations (PR, branding, image making and other types of communication influencing the formation and functions of social processes and institutions, including the economic and education sphere.

  20. Dynamic Gender Differences in a Post-Socialist Labor Market: Russia, 1991-1997

    Science.gov (United States)

    Gerber, Theodore P.; Mayorova, Olga

    2006-01-01

    We examine how the shift from state socialism affects gender inequality in the labor market using multivariate models of employment exit, employment entry, job mobility and new job quality for 3,580 Russian adults from 1991 through 1997. Gender differences changed in a complex fashion. Relative to men, women gained greater access to employment,…

  1. Corporate Relationship Marketing in Developing Economies ...

    African Journals Online (AJOL)

    User

    2011-04-19

    Apr 19, 2011 ... relationship marketing (CRM) as multi-auspicious and efficacious new sensation to drive Nigerian .... Paradoxically, the traditional approach to satisfying customers widely regarded as ... experience was under investigation.

  2. Financial Development and Unemployment in Emerging Market Economies

    OpenAIRE

    Bayar Yilmaz

    2016-01-01

    Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative im...

  3. MODERN MARKETING TOOLS IN THE NEW ECONOMY: EXPERIENTIAL MARKETING

    OpenAIRE

    Chesnokova, M.; Kirillovskaya A.

    2013-01-01

    In the hyper-competitive market, the company's ability to choose the right marketing strategy is very important. Companies need to use the old and develop new marketing concepts, such as the creation and development of the brand and marketing experience. A strong brand can create a strong emotional connection between the product and the consumer. One of the tools that create a similar connection, is marketing experience.

  4. Free markets and dead mothers: the social ecology of maternal mortality in post-socialist Mongolia.

    Science.gov (United States)

    Janes, Craig R; Chuluundorj, Oyuntsetseg

    2004-06-01

    Beginning in 1990, Mongolia, a former client state of what was then the Soviet Union, undertook liberal economic reforms. These came as a great shock to Mongolia and Mongolians, and resulted in food shortages, reports of famine, widespread unemployment, and a collapse of public health and health care. Although economic conditions have stabilized in recent years, unemployment and poverty are still at disturbingly high levels. One important consequence of the transition has been the transformation of the rural, primarily pastoral, economy. With de-collectivization, herding households have been thrown into a highly insecure subsistence mode of production, and, as a consequence, have become vulnerable to local fluctuations in rainfall and availability and quality of forage, and many now lack access to traded staples and essential commodities. Household food insecurity, malnutrition, and migration of impoverished households to provincial centers and the capital of Ulaanbaatar are one result. Reductions to investments in the health sector have also eroded the quality of services in rural areas, and restricted access to those services still functioning. Evidence suggests that women are particularly vulnerable to these political-ecological changes, and that this vulnerability is manifested in increasing rates of poor reproductive health and maternal mortality. Drawing on case-study ethnographic and epidemiological data, this article explores the links between neoliberal economic reform and maternal mortality in Mongolia.

  5. Marketing Recommender Systems: A New Approach in Digital Economy

    Directory of Open Access Journals (Sweden)

    Loredana MOCEAN

    2012-01-01

    Full Text Available Marketing information systems are those systems which make the gathering, processing, selection, storage, transmission and display of coordinated and continuous internal and external information. Includes systematic and formal methods used for managing all of an organization's information market. Recommendation systems are those systems that are widely used in online systems to suggest items that users might find interesting. These recommendations are generated using in particular two techniques: content-based and collaborative filtering. This paper aims to define a new system, namely Marketing Recommender System, a system that serves marketing and uses techniques and methods of the digital economy.

  6. In defense of shock therapy: Post-socialist transition of the Czech Republic

    Directory of Open Access Journals (Sweden)

    Scott A. Beaulier

    2012-06-01

    Full Text Available Popov (2007, 2000, Kolodko (2000, and Stiglitz (1999 argue that a shock therapy approach has a negative effect on post-socialist transition. Their benchmark for shock therapy, however, refers to the debate on the speed of market reforms. We propose that a more meaningful benchmark is the experience of the Czech Republic, Russia, and other transition economies which share similar approach to the market reforms, but have solved political economy problems of credibility and commitment differently. We compare the Czech Republic’s economic, political, and social performance to these benchmarks in all other post-socialist countries since they began their transitions. We find that the Czech transition is a consistent success because the Havel shock therapy has solved the political economy problems of reform’s credibility and state’s commitment to reform.

  7. Energy sector in conditions of market economy

    International Nuclear Information System (INIS)

    Schervashidze, N.

    1993-01-01

    The main dilemma of energy sector in market conditions is: regulation of the monopole producer and/or competition. There is no simple answer and the arguments for and against should be based on the macro economical determination of what kind of market is available for particular energy goods (perfect, monopolistic, oligopolistic, competition of monopolists) and what is the final purpose (improvement in efficiency, service, energy independence, regional development, etc.). Two polar models of economic management in energy sector are distinguished: 1) Free access to transfer net or competition between producers. 2) State regulation of the local monopolist. The experience of Great Britain and US are described as examples of both models. A special attention is paid to pricing methods at regulated monopole. 7 refs. (author)

  8. Privatization, political risk and stock market development in emerging economies

    OpenAIRE

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over political commitment to a market-oriented policy as well as to regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with impro...

  9. Does SDDS Subscription Reduce Borrowing Costs for Emerging Market Economies?

    OpenAIRE

    John Cady

    2005-01-01

    Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in international capital markets? This question is examined using data on new issues of sovereign foreign-currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric estimates indicate that spreads on new bond issues declined on average by close to 20 percent, or by an average of about 55 basis...

  10. 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...

  11. Market and state in the vision of constitutional economy

    Directory of Open Access Journals (Sweden)

    Cristian-Ion Popa

    2011-09-01

    Full Text Available This study addresses the general problem of the relationship between Market and State from Constitutional Political Economy perspective, a research program that has developed in recent decades within Public Choice Theory as a paradigmatic alternative to Welfare Economics of Keynesian extraction.

  12. Privatization, political risk and stock market development in emerging economies

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P. H.

    2001-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over

  13. Inclusive Growth and Market Economies are the Future in MENA ...

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

    Inclusive Growth and Market Economies are the Future in MENA ... and economic growth, jobs for youth and the development of the private sector. ... fundamental re-assessment of the role of the state in economic development ," an IDRC official ... Along with continuing to provide support to local partners, IDRC will carry out ...

  14. Privatization, political risk and stock market development in emerging economies

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over

  15. MARKETING PLANNING: STATE OF THE ARTIN A TRANSITIONAL ECONOMY

    Directory of Open Access Journals (Sweden)

    Tamara Jovanov Marjanova

    2014-07-01

    Full Text Available This paper is provoked by the distorted marketing practices of companies that operate in a transitional economy, specifically Republic of Macedonia.The analysis has two main purposes: 1. to identify the weaknesses in the marketing planning process, 2. to prove the connection of continuous formal marketing planning with business performance, i.e.profitability and market share. Datawasobtainedfromprimary and secondaryresearch. Primary research was conducted in the food, i.e. confectionery industry, with two techniques – survey and interview with the managers of 38% of the registered companies in the industry. Secondary research was based onbooks, journals, web-cites.The analysiswasexecutedwith IBM SPSS 19. Conclusionsare provided through descriptive and deductive statistical analysis. The findings show that the companies have multiple weaknesses in the marketing planning process (continuous formal marketing planning occurs rarely, there is lack of knowledge regarding the systematic planning process and a tendency of misuse of analytical tools. Additionally, a connection and dependence of business performance on continuous formal marketing planning was found. Limitations arise from the sample size and the (one chosen industry sector. However, there are evident practical and social implicationswhich can contribute to better competitiveness:possibilities for correction of current practices and development of a systematic marketing planning process. This research is of a great value on a national level because it is one of few that analyzes this subject through primary data. Also, the results can be consulted by researchers and practitioners from other transitional economies.

  16. Deregulation and competitive power markets -- Its impact on developing economies

    International Nuclear Information System (INIS)

    Saran, K.

    1998-01-01

    The aim of privatization in developed countries is to encourage competition in generation and supply of power whereas the focus of developing economies is to bridge the demand supply gap by addition of capacity. However, there needs to be a reconciliation between these two apparently having conflicting objectives even in case of developing economies. In competitive power markets it is necessary that rules of the game are identified in advance and followed uniformly by all players. Existence of a ''referee'' would be necessary to regulate the game so as to ensure fair play. The regulatory institution would serve this purpose and work as a stimulator to development of privatization and competitive power markets in developing economies. Consumer interests should be of upper-most priority in the mind while establishing power markets and regulatory institutions, particularly as market forces are unfavorable to consumer interests in power shortage conditions. As competition fosters, gradually market forces take over and the ''harsh'' regulator would convert itself to a ''silent vigil referee'' so as to ensure genuine competition. The debate of deregulation vs. regulation will continue but the show must go on for building of an increasingly sound, competitive and vibrant power sector in the interest of end use consumers. The planned and phased restructuring though a delayed process is a preferred process and India is fully determined to achieve this

  17. Towards a Confucian virtue bioethics: reframing Chinese medical ethics in a market economy.

    Science.gov (United States)

    Fan, Ruiping

    2006-01-01

    This essay addresses a moral and cultural challenge facing health care in the People's Republic of China: the need to create an understanding of medical professionalism that recognizes the new economic realities of China and that can maintain the integrity of the medical profession. It examines the rich Confucian resources for bioethics and health care policy by focusing on the Confucian tradition's account of how virtue and human flourishing are compatible with the pursuit of profit. It offers the Confucian account of the division of labor and the financial inequalities this produces with special attention to China's socialist project of creating the profession of barefoot doctors as egalitarian peasant physicians and why this project failed. It then further develops the Confucian acknowledgement of the unequal value of different services and products and how this conflicts with the current system of payment to physicians which has led to the corruption of medical professionalism through illegal supplementary payments. It further gives an account the oblique intentionality of Confucian moral psychology that shows how virtuous persons can pursue benevolent actions while both foreseeing profit and avoiding defining their character by greed. This account of Confucian virtue offers the basis for a medical professionalism that can function morally within a robustly profit-oriented market economy. The paper concludes with a summary of the characteristics of Confucian medical professionalism and of how it places the profit motive within its account of virtue ethics.

  18. Defining the relevant market in the sharing economy

    Directory of Open Access Journals (Sweden)

    Francesco Russo

    2016-06-01

    Full Text Available Since the establishment of commercial sharing economy services like Uber, Blablacar, Lyft, Airbnb, TaskRabbit, etc., the debate about the sharing economy and its effects on competition has generated lively discussions, which have too often dangerously departed from a debate based on objective (market observation to evolve into a quarrel among the supporters and opponents of the online platforms. Undoubtedly, the peculiar features of these new firms’ business models create frictions with the traditional regulatory environment, which currently appears to be incapable of framing them into models and schemes typical of a previous economic phase, such as, for example, one-sided markets, no externalities, and competition mainly on price. Nevertheless, setting aside the more or less impromptu debate about the “social goodness” of these firms, we argue that competition enforcers should look at their effective market power. In fact, as the basic principles of competition law teach us, only when those firms have (more or less legitimate significant market power, will they be subject to special responsibilities and to stringent restrictions and obligations. Toward this aim, it is first necessary to define the relevant market. And, immediately afterwards, to delimit firms’ market position. This, in turn, should help to assess their compliance with the competition rules and the obligations that they are – or rather that they should be – subjected to. This exercise is not an easy one because the traditional regulatory concepts and definitions do not seem to reflect the competition dynamics that characterise the new markets on which we are reflecting. In this paper we focus on a number of challenges that are posed by the sharing economy businesses, suggesting that they could be solved with the traditional competition instruments, although adapted to the peculiar features of the markets that are at stake. These include, among others, multi

  19. Financial Development and Unemployment in Emerging Market Economies

    Directory of Open Access Journals (Sweden)

    Bayar Yilmaz

    2016-06-01

    Full Text Available Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative impact on the unemployment, while financial development had no significant impact on the unemployment. Furthermore, there was unidirectional causality from development of financial sector to unemployment.

  20. On the transformation of socialist citeis

    DEFF Research Database (Denmark)

    Scarpaci, Joseph L.

    2000-01-01

    he collapse of the Socialist bloc after 1989 has been a topic of inquiry in many of the social sciences. In urban geography, however, there has been little systematic review about the changing nature of socialist cities in an era of rapid globalization. This paper outlines some of the macroeconomic...... contours that have conditioned national and metropolitan economies since 1989. It then reviews some of the defining features of the socialist city as a backdrop to Warsaw, selected Chinese cities, Ho Chi Minh, and Havana, which are the case studies of this special issue....

  1. Financialization at the international level: evidence from emerging market economies

    Directory of Open Access Journals (Sweden)

    Raquel A. Ramos

    Full Text Available Abstract The paper focuses on the manifestations of financialization in the international sphere, which it defines as the increasing magnitude of finance and its decoupling from earlier functions and logic as the speculative motive is strengthened. With financialization the motive of finance is no longer to finance trade and production but to accumulate wealth, which in emerging market economies (EMEs takes place through innovative products and practices that have in common the focus on exchange rate returns, resulting in a strengthened speculative motive. The article reviews the financialization literature highlighting how the different closed-economy aspects impact the international sphere. It conducts empirical analyses based on the financial integration of a country and on the characteristics of its currencies’ FX markets to assess the presence of financialization and its characteristics among EMEs, indicating certain countries where this process is more intense.

  2. 76 FR 34046 - Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties

    Science.gov (United States)

    2011-06-10

    ... DEPARTMENT OF COMMERCE International Trade Administration Non-Market Economy Antidumping...'') administrative reviews involving non-market economy countries (``NME''), the Department of Commerce (``the...-deposit rate for each company subject to the investigation or review. In market economy (``ME...

  3. 76 FR 65694 - Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties

    Science.gov (United States)

    2011-10-24

    ... DEPARTMENT OF COMMERCE International Trade Administration Non-Market Economy Antidumping... refining its practice to instruct CBP to liquidate such entries at the non-market economy (``NME'')-wide... Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties, 76 FR 34046 (June 10...

  4. The economy of a mining company in market conditions

    International Nuclear Information System (INIS)

    Karpisek, J.; Sitensky, I.; Dolezal, L.; Woller, F.

    1992-01-01

    The proceedings contain 21 contributions, out of which 3 have been inputted in INIS. Two deal with coal and its market prices and with problems associated with the present damping of coal mining in the Czech Republic, the third is concerned with chemical extraction of uranium and the possible ways of its termination and remedial actions to rehabilitate the landscape. All three contributions deal with the respective topics in economy terms. (M.D.). 1 tab., 12 refs

  5. The Socialist Car

    DEFF Research Database (Denmark)

    Christensen, Lars K.

    2013-01-01

    Review of L.H. Siegelbaum (ed.) The Socialist Car. Automobility in the Eastern Block. Cornell University Press, 2011.......Review of L.H. Siegelbaum (ed.) The Socialist Car. Automobility in the Eastern Block. Cornell University Press, 2011....

  6. CHARACTERISTICS OF THE EMERGING MARKET ECONOMIES - BRICS, FROM THE PERSPECTIVE OF STOCK EXCHANGE MARKETS

    Directory of Open Access Journals (Sweden)

    Sechel Ioana-Cristina

    2014-07-01

    Full Text Available Many international investors have realized that they cannot obtain profits as large, investing in mature markets as well as investing in emerging and developing countries. They want to obtain higher yields, of course assuming the extra risk, as the risk of liquidity or volatility of exchange rates, which are significantly higher than in developed markets. Studies on the BRICS economies are countless, researchers pointing that the development of these economies and their transition towards developed economies category is virtually inevitable (Nistor, 2011. In this article we propose a smooth approach on the state of the economies of the BRICS emerging countries and the stock exchanges markets. It is interesting to observe how, according to a forecast of the International Monetary Fund, in the year 2025 world supremacy from the economic point of view will belong still to the United States, but the discrepancies between the United States economy and China's economy subside until then. The same source, however, predict that by the year 2050, China's economy will bring forward the United States of America. However, should not be lost of sight the fact that China is part of the BRICS countries, with enormous development potential. As proof of those exposed earlier, sits the performance obtained from China's economy especially in times of crisis, when the vast majority of the world's economies recorded negative economic growth. Somewhat improperly said so, we were witnessing a world economic depression. The performance of China's economy is so, noteworthy, it received even in the toughest years of global financial and economic crisis, a positive value of economic growth. This also happened, within other BRICS emerging countries economies, having many similar economic meanings. With such a potential for economic growth, the economies of BRICS countries have brought into the spot light the operational stock exchanges. The interest of investors for

  7. THE STABILITY OF INTERNATIONAL FINANCIAL MARKETS VERSUS EMERGING ECONOMIES VULNERABILITY

    Directory of Open Access Journals (Sweden)

    Luiza Loredana Nastase

    2016-12-01

    Full Text Available If during the global economic and monetary-financial felt in the last seven-eight years was observed that the most affected countries were those with a developed economy currently it seems that the wheel turns and target countries with an emerging economy. Thus, the financial markets of advanced countries seem to be characterized by stability in opposition to those of emerging markets, which seem to become increasingly vulnerable. This paper tries to capture the current economic situation of the two categories of states, from the major aspects that determined the evolution of socio-political and macroeconomic indicators, presenting the statistical data and trying to predict future period. A special importance should be given to international markets. Given that the extension of global economic integration and cooperation on the international market participants are relative conditioning is required for a consensual approach and multilateral thereof, for reducing and avoiding imbalances in the international trading system. We will take into account the need to involve politics in parallel with the adoption of measures specific to each category of state. All these issues will be addressed further

  8. The effects of foreign banks entry in emerging market economies

    Directory of Open Access Journals (Sweden)

    MSc. Florida Veljanoska

    2011-12-01

    Full Text Available This paper investigates the effects of foreign bank entry in emerging markets. We developed a picture of a multinational bank in an emerging markets by combining statistics from several sources, in order to explore broad range of effects that brings foreign bank entry in the developing countries. Some impacts of foreign bank entry have been thoroughly studied, while others are hardly mention. Entry of foreign bank brings large benefits to host country’s financial system and economies at large. This paper is studying those benefits very carefully, by analyzing the impact of foreign bank entry on economy, government, monetary policy, large enterprises, small and medium size enterprises, domestic bank etc. But, we also consider the fact that at the same time, foreign investment in the financial sector, rises some concerns, and therefore we analyze the negative effects as well. At the end we must admit that although there are some negative consequences from foreign bank entry in emerging markets, the benefits that arise from foreign banks penetration are much more, and this trend of foreign bank entry has brought new positive economic impulse in developing world.

  9. The Impact of Real Estate Market in the Albanian Economy

    Directory of Open Access Journals (Sweden)

    Dorina Kripa

    2015-05-01

    Full Text Available The real estate market has an important impact on social and economic development of a country, and it involves many aspects which increase the complexity of the impact analysis and often have opposite directions. This can be supported by the fact that real estate is one of the most important items in public spending3, but also in investment expenses in general (this is especially typical for Albania. These expenses are mainly related to infrastructure and accommodation of homeless people by the National Housing Entity. Researchers have studied the relation between the price of real estates with the GDP of a country, concluding that real estate prices and the government policies related to them, do impact the GDP growth, and movements in residential prices can be used to forecast GDP growth. On the other hand, when purchasing a home, individuals use all their savings, or take loans, which constantly cause the reduction of consumption and saving possibilities in order to afford the installments and other loan expenses. So, from this point of view, this investment may have an adverse effect, even on GDP. But, the question we raise in this study is: what impact has the real estate market in Albanian economy? We begin the study by emphasizing the importance of the real estate market, and then we identify key developments related to this market’s financing, price developments and the construction activity, as an important part of the market itself. The study is concluded with a regression analysis on the role the real estate market plays in the Albanian economy.

  10. The new capitalists: a structural change from the stock market economy to the free market economy

    Science.gov (United States)

    Khoshyaran, M.

    2004-12-01

    In this paper an alternative mechanism to the stock market is proposed. Two elements are taken away: (1) middlemen, and (2) shareholder lack of involvement. Structural elements are identified. Equilibrium-stability conditions are defined. A measures of effectiveness is suggested.

  11. The political economy of international green certificate markets

    International Nuclear Information System (INIS)

    Soederholm, Patrik

    2008-01-01

    This paper analyzes the political economy of establishing bilateral trade in green certificate markets as one step towards harmonization of European green electricity support systems. We outline some of the economic principles of an integrated bilateral green certificates market, and then discuss a number of issues that are deemed to be critical for the effectiveness, stability and legitimacy of such a market. By drawing on some of the lessons of the fairly recent intentions to integrate a future green certificate market in Norway with the existing Swedish one, we highlight, exemplify and discuss some critical policy implementation and design issues. These include, for instance, the system's connection to climate policy targets, the role of other support schemes and the definition of what green electricity technologies should be included. Furthermore, the establishment of an international market presumes that the benefits of renewable power (e.g., its impacts on the environment, diversification of the power mix, self-sufficiency, etc.) are approached and valued from an international perspective rather than from a national one, thus implying lesser emphasis on, for instance, employment and regional development impacts. A bilateral green certificate system thus faces a number of important policy challenges, but at the same time it could provide important institutional learning effects that can be useful for future attempts aiming at achieving greater policy integration in the European renewable energy sector

  12. Outsiderness and Participation in Liberal and Coordinated Market Economies

    Directory of Open Access Journals (Sweden)

    Emanuele Ferragina

    2017-01-01

    Full Text Available The number of labour market outsiders in Europe has dramatically increased, especially among the youth, potentially influencing social and political participation. Using logistic regressions and comparable survey data – the British Household Panel (BHPS and the German Socio-Economic Panel (GSOEP – we connect insights drawn from Varieties of Capitalism and dualization literature with an investigation of individual level outcomes in Britain and Germany. First, we disentangle the impact of skills on outsiderness among the overall population and the youth. Second, we analyse the influence of skills and outsiderness on peo-ple’s social and political participation. We suggest that skills matter in protecting individuals from labour market outsiderness, but they do so in different ways across liberal and coordinated market economies and age groups. While the possession of specific skills reduces the likelihood of being a labour market outsider among young people, it has the opposite effect on political participation. In contrast, education fosters participation but does not reduce the risk of becoming an outsider in the same age cohort. Moreover, although there is no difference between insiders and outsiders when it comes to political par-ticipation, being an outsider may reduce social participation. Finally, young people are more likely to be excluded from social and political participation in Britain than in Germany as a consequence of different welfare and socio-economic systems

  13. LABOR MARKET IN WORLDWIDE GREENING ECONOMY: RESTRUCTURING AND DEVELOPMENT PROBLEMS

    Directory of Open Access Journals (Sweden)

    L. Gatska

    2014-12-01

    Full Text Available Labor market is affected by ecologization processes in economy both nationally and globally. Positive and negative effects of this process are analyzed in this article. We defined 5 main areas where labor market is affected by "greening" processes: 1 еcologization create new workplaces for producing "green" goods; for implementation and support of ecology-friendly technical processes; in traditional business areas, connected to "greens"; 2 іt provide changes of overall employment rate; 3 labor market structure transform due to new ecology tendencies; 4 current workplaces become "greener", especially positions, connected to ecology; 5 it causes widespread social integration. We made a conclusion that the total effect of this process on labor market will depend on many economic and political factors. Number and quality of created workplaces will highly depend on level of demand for such specialists and on elasticity of employment. It will correlate with the number of workplaces, lost in traditional industries. Sum of gross benefits and damages will be equal to number of employees, who "green" their work conditions or will be forced to change their jobs at all.

  14. Can the social market economy be a viable solution for a future sustainable development of the Romanian economy?

    Directory of Open Access Journals (Sweden)

    Strat Vasile Alecsandru

    2017-07-01

    Full Text Available Social market economy (SME is a socio-economic model which attempts to unite the freedom of a competitive market economy with social equilibrium and progress. It is seen as a “third path” besides a purely liberal market economy and an economy which is heavily regulated by the state – in the SME there is an intermediate degree of regulation. Historically, the model corresponds to the real economic policy of the German Federal Republic after the 1950s, thus it is sometimes called Rhine capitalism. According to the Treaty of Lisbon from 2007, the European Union pursues a competitive social market economy with full employment and social progress. On one hand, this model wishes to exploit the advantages of a free market economy, especially its high efficiency in the production of goods, while on the other hand it uses state intervention to correct for potential negative outcomes from market processes. Further characteristics of this model are: ensuring competition, free price formation, private property, motivating performance through profit aspirations as well as guarding personal freedoms. Last but not least, this model encompasses a strong structural policy by encouraging weaker geographical regions or industries. Therefore, it is highly probable that such a socio-economic model might be the appropriate alternative to fuel a sustainable growth of the Romanian economy. Using county level data, from the National Institute of Statistics and from the National Office of the Trade Register, for the year 2015 we show that the Romanian economy is highly polarized with a few growth poles (islands and a large number of underdeveloped units. Thus, it becomes obvious that these important disparities will hinder a future sustainable development and by consequence a clear “road-map” represented by this economic model might prove to be a viable solution for the Romanian economy.

  15. European Transition into a Socio-ecological Market Economy

    Directory of Open Access Journals (Sweden)

    Erich Hoedl

    2014-10-01

    Full Text Available The European Union has introduced the Europe 2020 Strategy and Horizon 2020, which contain several elements for a transition into a Socio-ecological Market Economy. But their implementations are mainly hampered by the unduly large financial sector and the political striving for high economic growth. A turn into low growth equilibrium needs a reduction of total capital inputs, which are composed of financial, man-made and natural capital. Whereas the reduction of financial capital needs a strong, but actually lacking political will, the reduction of man-made and natural capital depends on a real capital saving innovation system, which should partly be financed by a transfer of financial capital to the real productive sector. Beyond a strong reduction of financial capital and depending on existing ecological, social and economic problems, the innovation system should save man-made and natural capital accordingly. In all cases these innovations need higher qualification by means of a human-centered educational system. Higher educational investments, i.e. augmented “human capital,” are decisive for a transition into a Socio-ecological Market Economy for two reasons: First, higher qualification will augment the wage-profit relation and second, capital saving innovations will reduce productive capital inputs without reducing the profit rate on the reduced real capital stock. Increasing “human capital” intensity will accelerate the transition into low growth equilibrium with a higher consumption-investment relation, which creates more domestic final demand and needs lower export surpluses. Starting from existing high productive and financial capital intensity, during the transition saving surpluses in Europe will decline only step by step; they should not be allocated in financial markets, but for a considerably more human-centered education and real investments in Europe and the Third World.

  16. Interface between marketing, policy and development in emerging economies. An exploratory study and evaluation

    Directory of Open Access Journals (Sweden)

    Rodney Oudan

    2017-11-01

    Full Text Available This paper explores the role of marketing, policy, and development for emerging economies moving toward a market-driven economic environment. A historical review provides a foundation, then deductive analyses from theoretical reviews and transcripts reveal that such marketing is still in the developmental stages and has become necessary for the future direction of these economies. Following the findings, the paper provides managerial marketing implications and highlights how a market orientation and market-driven approach is necessary for the greater social good in a global economy.

  17. Features of competition and development of markets in an age of globalized economy

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Skender Kërçuku

    2011-12-01

    Full Text Available The fall of communism in Eastern Europe in the beginning of the 90-ies of the 20th century marked the beginning of a historical process of triumph of market economy in a wide geographical area and a large population, which had to have an influence on global developments. This age is characterized not only by a comprehensive ruling of capitalist market economy, but also by a series of important structural changes in economies of various countries, national and international mechanisms of market functioning, and relevant institutions thereto. Distinct authors have various opinions on characteristics and positive and negative outcomes of a globalized economy era. Some consider the globalization of world economy as a quantitative and qualitative expansion of market economy throughout the world, similar to the situation before the World War I. Other more serious authors consider the globalization of world economy as a new qualitative era, with important consequences on many areas.

  18. FX and derivatives markets in emerging economies and the internationalisation of their currencies

    OpenAIRE

    Torsten Ehlers; Frank Packer

    2013-01-01

    Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within emerging Asia. Trading of emerging market currencies is positively related to the size of cross-border financial flows.

  19. Transforming Economies. The Case of the Norwegian Electricity Market Reform

    International Nuclear Information System (INIS)

    Olsen, Per Ingvar

    2000-01-01

    The topic of this thesis is the shaping of modern economies, represented by a case-study of the Norwegian electricity market reform process. The essential questions raised are: Why are industries and economies organized the way they are? and Why and how do they occasionally experience fairly radical transformations during which we come to see their organizational structures and associated behaviors in entirely different ways? To answer these questions, the author has followed a radical market-making economic reform process through its many projects, processes and rivalries, from its roots in specific historical controversies through its major breakthrough and into a stabilized new economic system. A major argument through out the analysis is that economics as a scientific activity and -community plays a particularly important role in the re-shaping of economic systems. Large scale economic reforms are found to be dependent upon scientific and political powers and legitimacy which results from broad consensus within the relevant scientific communities. In order to make his point, the author presents and discusses various historical economic reform initiatives both within the Norwegian electricity sector, within other sectors of the economy and in other countries. He also presents elements of a broad process of reorientation within economics during the 1970s and follows these new conceptions up to the electricity market reform process in the late 1980s. The analysis tries to explain why Norway became a hotbed for market reform of the technically integrated and institutionally complex and locked-in electricity system, but also fries to extract medium range insights about economic reform processes and to discuss more general implications for other large scale economic reform projects as well as for economic theories about economic change - through a rethinking of some of the basics in economic thought. The thesis is separated into four parts. The first part discusses

  20. Transforming Economies. The Case of the Norwegian Electricity Market Reform

    Energy Technology Data Exchange (ETDEWEB)

    Olsen, Per Ingvar

    2000-07-01

    The topic of this thesis is the shaping of modern economies, represented by a case-study of the Norwegian electricity market reform process. The essential questions raised are: Why are industries and economies organized the way they are? and Why and how do they occasionally experience fairly radical transformations during which we come to see their organizational structures and associated behaviors in entirely different ways? To answer these questions, the author has followed a radical market-making economic reform process through its many projects, processes and rivalries, from its roots in specific historical controversies through its major breakthrough and into a stabilized new economic system. A major argument through out the analysis is that economics as a scientific activity and -community plays a particularly important role in the re-shaping of economic systems. Large scale economic reforms are found to be dependent upon scientific and political powers and legitimacy which results from broad consensus within the relevant scientific communities. In order to make his point, the author presents and discusses various historical economic reform initiatives both within the Norwegian electricity sector, within other sectors of the economy and in other countries. He also presents elements of a broad process of reorientation within economics during the 1970s and follows these new conceptions up to the electricity market reform process in the late 1980s. The analysis tries to explain why Norway became a hotbed for market reform of the technically integrated and institutionally complex and locked-in electricity system, but also fries to extract medium range insights about economic reform processes and to discuss more general implications for other large scale economic reform projects as well as for economic theories about economic change - through a rethinking of some of the basics in economic thought. The thesis is separated into four parts. The first part discusses

  1. The economy of palm oil production and marketing in Igala land ...

    African Journals Online (AJOL)

    The economy of palm oil production and marketing in Igala land. ... Palm oil processing and marketing constituted one of the major occupations of the people as men, women and even the young ones ... EMAIL FULL TEXT EMAIL FULL TEXT

  2. Interactions between the Real Economy and the Stock Market: A Simple Agent-Based Approach

    Directory of Open Access Journals (Sweden)

    Frank Westerhoff

    2012-01-01

    Full Text Available We develop a simple behavioral macromodel to study interactions between the real economy and the stock market. The real economy is represented by a Keynesian-type goods market approach while the setup for the stock market includes heterogeneous speculators. Using a mixture of analytical and numerical tools we find, for instance, that speculators may create endogenous boom-bust dynamics in the stock market which, by spilling over into the real economy, can cause lasting fluctuations in economic activity. However, fluctuations in economic activity may, by shaping the firms' fundamental values, also have an impact on the dynamics of the stock market.

  3. On the Market Failures during the Development of Low-Carbon Economy

    Institute of Scientific and Technical Information of China (English)

    LU Xian-xiang; KE Zan-xian; ZHANG Yi

    2014-01-01

    Greenhouse gas emissions and the development of low-carbon economy are the biggest market failures,which are mainly manifested in such problems as the low-carbon economy being the world's largest externality,the low-carbon economy being the global public goods,and the free-rider along the development of low-carbon economy.The major reason for the market failures during the development of low-carbon economy is lacking of secured property ownership as well as the greenhouse effect.Thus,in order to establish secured property rights through institutional innovation,it is necessary not only to reduce the exploitation of fossil fuels from the source,but also to allocate the emission rights fairly.To develop the low-carbon economy is faced with market failures,but we can not therefore deny the basic roles of the market mechanism in the development of low-carbon economy,rather to correct and adjust the market through institutional innovations,so as to facilitate the establishment and operation of the low-carbon economy.For the sake of the sustainable development of human society,we have to adjust or change the rules of the resource allocation in the market economy,embedding such factors as emission reduction,low-carbon,environmental protection,etc.into the institutional framework of the market via rules,systems and policies.

  4. Antidumping, countervailing duties and non-market economy status of Vietnam in the WTO

    OpenAIRE

    Claudio Dordi

    2008-01-01

    The non-market economy status has a negative influence on the international trade relations of Vietnam. The article analyses the legal consequences for Vietnam of the NME status and identify the roadmap to obtain the "market economy status" from other WTO members

  5. A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies

    Science.gov (United States)

    Duncan, Roberto

    2015-01-01

    The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…

  6. 76 FR 11196 - Antidumping Methodologies in Proceedings Involving Non-Market Economies: Valuing the Factor of...

    Science.gov (United States)

    2011-03-01

    ... DEPARTMENT OF COMMERCE International Trade Administration Antidumping Methodologies in Proceedings Involving Non-Market Economies: Valuing the Factor of Production: Labor; Correction to Request for Comment...-Market Economies: Valuing the Factor of Production: Labor; Request for Comment, 76 FR 9544 (February 18...

  7. Impact of Knowledge Economy on the Participation of Women in Labor Market

    OpenAIRE

    Abeer Mohamed Ali Abd Elkhalek

    2017-01-01

    Purpose: To examine the influence and participation of women in the labor market by the know-ledge economy; in negative or positive manner. Methodology: Quantitative research technique has been implied to evaluate women’s participa-tion in the labor market to minimize negative impacts of knowledge economy. Findings: Within the service and agricultural sectors, the outcomes demonstrated that knowledge economy is found to have a significant impact on the participation of women’s labor for...

  8. Decline and depression: the impact of the global economic crisis on housing markets in two post-socialist states

    Czech Academy of Sciences Publication Activity Database

    Hegedüs, J.; Lux, Martin; Sunega, Petr

    2011-01-01

    Roč. 26, č. 3 (2011), s. 315-333 ISSN 1566-4910 R&D Projects: GA ČR GA403/09/1915 Institutional research plan: CEZ:AV0Z70280505 Keywords : Economic crisis * Housing system * Transition economies Subject RIV: AO - Sociology, Demography Impact factor: 0.577, year: 2011 http://www.springerlink.com/content/q302667308q1/

  9. The Role of a Corporate Bond Market in an Economy -- and in Avoiding Crises

    OpenAIRE

    Hakansson, Nils H.

    1999-01-01

    While much attention has been focused on the optimal ratio of a firm's debt to equity, the "optimal" or best balance between bond financing and (longer-term) bank financing has scarcely been addressed. This essay examines the principal differences between an economy with a well-developed corporate bond market free from government interference and an economy in which bank financing plays a central role (as in East Asia). When a full-fledged corporate bond market is present, market forces hav...

  10. Pricing initial public offerings in premature capital markets : the case of Hungary

    NARCIS (Netherlands)

    Schindele, I.; Perotti, E.C.

    2002-01-01

    This paper investigates the determinants of underpricing at initial public offerings in theHungarian Initial Public Offerings (IPO) market in 1990-1998, a period of transition from socialist to market economy and immaturity of the domestic capital market. The evidence suggests that political issues

  11. Population aging in Albanian post-socialist society: Implications for care and family life

    Directory of Open Access Journals (Sweden)

    Meçe Merita

    2015-12-01

    Full Text Available Population aging is becoming an inevitable phenomenon in Albanian post-socialist society, posing multi-faceted challenges to its individuals, families and society as a whole. Since 1991, the Albanian population has been exposed to intensive demographic changes caused by unintended aspects of socio-economic transition from a planned socialist economy to a market-oriented capitalist one (Hoff, 2008. Ongoing processes of re-organization of social institutions increased its socio-economic insecurity leading to the application of various coping mechanisms. While adjusting themselves to other aspects of life, people changed their decisions of having children and leaving the country (Hoff, 2008. On the other hand, replacement of former traditional extended family forms with diverse living arrangements and family structures has been the outcome of the combination of three factors: falling fertility, increasing life expectancy and increasing migration (INSTAT, 2014.

  12. Tatarstan market of food in the concept of Islamic economy (marketing and economic-anthropologic aspects

    Directory of Open Access Journals (Sweden)

    Sergey Yu. Rychkov

    2016-12-01

    Full Text Available Objective to identify the economicanthropological component of the development of food market in Tatarstan within the concept of Islamic economy. Methods discursive comparative general scientific methods of analysis and synthesis ethnosociological survey. nbsp Results the Halal food market of Islamic economy is a subject of scientific and practical interest for several reasons it is a dynamically developing promising market with great potential and development opportunities. To achieve the stated objective the authors analyzed the studies of domestic and foreign scientists on the essence and organization features of the Islamic economy. Conclusions were formulated about what Halal food is primarily associated with the complex religious not gastronomy requirements. The analysis of the food concepts in the Islamic culture has showed that the fundamental characteristic of food is its permissibility. To determine the concepts of Halal products existing among the Muslims a Halal products market research was conducted in Kazan. First of all to determine the ethnoreligious profile of the Halal products consumers the structure of ethnic populations was analyzed the change in their numbers over the last 20 years and the reasons for such change. The next part of research involved conducting a poll among men and women ndash Tatars aged 18 to 30 years. The main aim of the survey was to determine the causes of food behavior of the population. According to the survey results the key conclusion was formulated that for this age group the choice of food is not determined by religious considerations but by the desire for healthy and proper nutrition. The survey results allowed to compile a list of recommendations for improvement of the functioning of the Halal market subjects and the state and municipal bodies. Scientific novelty for the first time an interdisciplinary approach was used at the intersection of economics sociology and anthropology for this research

  13. Ning Wang, Making a Market Economy; Yan Sun, Corruption and Market in Contemporary China

    OpenAIRE

    Guiheux, Gilles

    2008-01-01

    These two works shed light on the conditions under which, in the course of the last 25 years, the command economy has been dismantled and gradually replaced by a market system in China . Yan Sun, a professor of political science, is interested in corruption from a double perspective, both at the macro and the micro level. Ning Wang, a neo-institutionalist economist, asks how, thanks to the reforms, a region (Jingzhou, south of Hubei ) has been converted to pisciculture. Corruption is a crucia...

  14. An overview of uranium industries in countries of completed market economy

    International Nuclear Information System (INIS)

    Tan Chenglong

    2007-01-01

    Uranium is an important energy mineral and strategic resources, in countries of completed market economy, energy mineral exploration belongs to commercial mineral exploration. Because uranium exploration is higher in investment risk and rebound, the countries of completed market economy regulate uranium exploration by using laws, paying taxes and protecting environment. China will put the exploration of coal, oil and gas, uranium, oil shale, gas in coalbed in the first place in commercial mineral exploration. Therefore, it is quite necessary to understand uranium exploration industries in countries of completed market economy. (authors)

  15. Ecology and economy

    International Nuclear Information System (INIS)

    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. (orig.) [de

  16. Crisis in Eastern Europe : The Downside of a Market Economy Revealed?

    NARCIS (Netherlands)

    Hoen, Herman W.

    After the collapse of communism, the Central and Eastern European countries decided to implement a market economy embedded in a democratic order. A constituent element of the transition was a fully-fledged integration with the global economy. One of the consequences of this integration is that the

  17. Study of a Russian University's Organisational Culture in Transition from Planned to Market Economy

    Science.gov (United States)

    Pushnykh, Victor; Chemeris, Valeriy

    2006-01-01

    The transition from a planned centralist economy to a market economy over the last decade of the 20th century has presented Russian universities with many profound challenges. These challenges require universities to review and consider their organisational culture and deserve careful study. This paper describes the changes that have taken place…

  18. 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...

  19. Collaborative Economy: Market Design and Basic Regulatory Principles

    OpenAIRE

    Petropoulos, Georgios

    2017-01-01

    The rise of the collaborative economy platforms reveals that policymakers need to start thinking about how to introduce flexibility in the provision of services in these formal relationships with adequate protection for all of the involved parties.

  20. Political pressures and exchange rate stability in emerging market economies

    OpenAIRE

    Ester Faia; Massimo Giuliodori; Michele Ruta

    2008-01-01

    This paper presents a political economy model of exchange rate policy. The theory is based on a common agency approach with rational expectations. Financial and exporter lobbies exert political pressures to influence the government’s choice of exchange rate policy, before shocks to the economy are realized. The model shows that political pressures affect exchange rate policy and create an over-commitment to exchange rate stability. This helps to rationalize the empirical evidence on fear of l...

  1. Application of Marketing in Interest as a Factor of Development of Enterprises in Digital Economy

    Directory of Open Access Journals (Sweden)

    Nerimane BAJRAKTARI

    2018-04-01

    Full Text Available Online transactions have been characterized by steady growth in recent years. This trend has not left aside developments in organizations in Kosovo. People who buy online are faced with technological equipment that often does not perform the right way as the customer requests or expects. The intranet connects the computer systems of an enterprise or organization based on the Internet technique especially in the TCP / IP protocol. Digital Marketing is a term for the marketing of targeted, measurable and interactive products and services using digital technology to reach and convert "leads" to customers. The main objective is to promote brands, build preference, and increase sales through various digital techniques. It is embodied by a wide selection of service, product and brand marketing tactics, which, as a core promotion medium, largely use the Internet. Digital marketing activities are: search engine optimization (SEO, search engine marketing (SEM, content marketing, influencing marketing and e-commerce, social media marketing, e-mail marketing, display advertising, books electronics, video games and any other form of digital media. According to the Digital Marketing Institute, the Digital Marketing Institute, digital marketing is the use of digital channels to promote or sell products or services to consumers or businesses. The Digital Economy is the highest level of use of computers in a national economy. The higher the rate of use of computers in a more digitized economy and closer to the overall economic progress is that country.

  2. 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.

  3. Assessing the efficiency versus the inefficiency of the energy sectors in formerly centrally planned economies

    Energy Technology Data Exchange (ETDEWEB)

    Vorsatz, D. [Lawrence Berkeley Laboratory, CA (United States)

    1995-12-01

    As much the extreme inefficiency of Eastern European energy sectors is emphasized, as little attention their relatively efficient aspects receive. Indeed, a few efficiency indicators show the highest global efficiencies for the formerly centrally planned economies, such as the overall primary to useful energy efficiency. These figures draw the attention to an underestimated feature of former socialist energy sectors and to crucial policy implications: in some respects central planning lead to a more efficient use of energy than the market economy. Consequently, if transitions from the central planning to the market economy are not managed carefully, further reductions in energy efficiency can be expected in some sectors of the economy.

  4. 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

  5. Determinants of Stock Market Co-Movements between Pakistan and Asian Emerging Economies

    Directory of Open Access Journals (Sweden)

    Muhammad Aamir

    2018-06-01

    Full Text Available This study analyzes the determinants of stock market co-movement between Pakistan and Asian emerging economies for the period 2001 to 2015. Augmented Dickey and Fuller (ADF and Philips-Perron (PP tests are applied to check co-integration between their stock markets. Results of this study reveal that there is long-term integration between the stock market of Pakistan and the stock markets of China, India, Indonesia, Korea, Malaysia and Thailand. This study reports the driving forces of the co-movement between the Pakistan and Asian emerging markets where co-integration is found. Results of the panel data reveal that there are significant underlying forces of integration between Pakistan and each Asian emerging stock market. The findings of this study have significant implications for policy makers in Pakistan who are designing strategies for macroeconomic harmonization and stability of the country’s economy against financial shocks.

  6. Subprime cities: the political economy of mortgage markets

    NARCIS (Netherlands)

    Aalbers, M.B.

    2012-01-01

    The study of mortgage markets has traditionally been the domain of economists. During historic times of turmoil and change, however, social scientists of various stripes are often called upon to shape our understanding of ways mortgage markets function. We are presently experiencing an episode of

  7. The Second Sex in Hungary. Simone de Beauvoir and the (Post-Socialist Condition

    Directory of Open Access Journals (Sweden)

    Mária Joó

    2011-01-01

    Full Text Available Beauvoir’s work was translated in 1969, a period of change in state socialism: the introduction of some elements of market economy in 1968 (called New Economic Mechanism, the publication of Western bourgeois philosophers as Sartre and Beauvoir, and Marxist philosophers’ efforts to revise orthodox Marxism. ’The woman question’ was declared to be already solved by socialism. The emblematic female identity is of the working mother: free and equal with men by virtue of law, taking part in producing new value as worker and according to her natural role as mother and wife, representing the center of the socialist family. Under these circumstances the reception of The Second Sex is highly interesting: a success (two editions in a high number of copies, but only two contemporary reviews (one friendly, one sharply critical. In this paper, I give a reconstruction of socialist women’s reading of Beauvoir, given their officially propagated homogeneous identity and their unrecognized double burden. They could have identified themselves with Beauvoir’s new, independent woman and at the same time with the traditional woman. Beauvoir’s legacy for us post-socialist women can be derived from this past: to face ambiguities in identity and to vindicate individual freedom.

  8. Employee Control and Oligopoly in a Free Market Economy

    OpenAIRE

    Helmuth CREMER; Jacques CRÉMER

    1994-01-01

    We study duopolistic markets where a profit-maximizing firm competes with an employee-controlled firm that maximizes value-added per employee. We first study an industry with Cournot competition. We show that the presence of an employee-controlled firm does not affect the equilibrium number of firms, lowers aggregate output, increases price and reduces social welfare. The employee-controlled firm has a smaller equilibrium output than its competitor. For Hotelling type competition in a market ...

  9. Marketing and the media in the new economy

    OpenAIRE

    Di, Alina

    2010-01-01

    For the last couple of decades marketing and the media have been successfully cooperating together hand in hand improving business management around the world and setting new goals for companies to reach. Innovations in both areas have challenged current world of business and developed new approaches to theories of profitable companies. One of the main goals of coordination of media and marketing is to get familiar and closer to people and influence their decision making process. This paper i...

  10. Differences in Measuring Market Risk in Four Subsectors of the Digital Economy

    OpenAIRE

    Sonia Benito; Rebeca de Juan; Ricardo Gómez; Francisco Mochón

    2015-01-01

    This paper defends the wisdom of not considering the Digital Economy to be one homogeneous sector. Our hypothesis is that it is best to consider it the result of adding four different subsectors. We test whether indeed the economic and financial performance of a portfolio of listed companies in each of the four subsectors presents relevant differences. We use the value at risk measure to estimate market risk of the four subsectors of the digital economy. The riskiest subsector is Mobile/Inter...

  11. Internal migration, regional labor markets and the role of agglomeration economies

    DEFF Research Database (Denmark)

    Mitze, Timo Friedel; Schmidt, Torben Dall

    2015-01-01

    are indeed key drivers of internal migration flows in Denmark. That is, while we obtain mixed evidence with regard to the role of traditional labor and housing market variables, most of the included proxies for agglomeration economies such as the region’s population density, patent intensity, endowment......We analyze the determinants and regional implications of internal migration flows across Danish municipalities in 2006–2012. Besides assessing the role of labor market and housing market factors in driving a region’s net migration rate, we particularly focus on agglomeration factors identified...... for the role of space–time dynamic adjustment processes and simultaneity among migration and labor market variables and finally test for heterogeneity in the migration response to regional labor market disparities among low- and high-skilled migrants. Our results support the view that agglomeration economies...

  12. THE ROLE OF THE FINANCIAL SYSTEM IN MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    CĂRUNTU GENU ALEXANDRU

    2015-12-01

    Full Text Available Financial system can be approached from the perspective of sales in socio-economic system, namely a global financing mechanism, taking version account specific components, such as: normative base regulatory a financialmonetary methods, forms and techniques version running streams Monetary Financial methods, techniques usable forms and version carrying cash flows, financial levers. Integration contexts, the financial system becomes part of gear intended to ensure implementation and regulation of money flows version compared with the normal performance requirements of real processes in the economy.

  13. Public Debt, Financial Markets and Economy in XVIIth Century Castile

    Directory of Open Access Journals (Sweden)

    Alberto Marcos Martín

    2013-04-01

    Full Text Available This essay deals with the negative consequences brought by the expansion of the consolidated debt since the XVIth century through the massive issues of long term annuities (juros on the Castilian economy. The article analyses the reasons which reduced the appeal of these financial assets among private investors. This prompted the Royal Treasury to follow an alternative course and, trying to expand its credit base, the Crown resorted to the financial systems of the Castilian cities, which became closely subordinated to the needs of the Royal Treasury.

  14. The Paper Airplane Challenge: A Market Economy Simulation. Lesson Plan.

    Science.gov (United States)

    Owens, Kimberly

    This lesson plan features a classroom simulation that helps students understand the characteristics of a market economic system. The lesson plan states a purpose; cites student objectives; suggests a time duration; lists materials needed; and details a step-by-step teaching procedure. The "Paper Airplane Challenge" handout is attached. (BT)

  15. marketing destination information in a tourism driven economy

    African Journals Online (AJOL)

    PROF. BARTH EKWEME

    This paper studies the destination information marketing as an aid to the Cross River Tourism bid. A questionnaire was designed to elicit responses from the stakeholders in the tourism industry. Out of 69 ... State were tourist guide books, internet and the Tourism Bureau. ... beauty are appreciated by all normal human.

  16. A Change in the Libyan Economy: Towards a more market-oriented economy

    NARCIS (Netherlands)

    Alafi Abdourhim, A.; Alafi, Abouazoum; de Bruijn, E.J.

    2009-01-01

    Since the mid-1980s, there has been a significant movement toward global markets, especially the privatisation of the State-Owned Enterprises. Recently, after a more than three decades of excessive reliance on the public sector, Libya has pursued privatisation of its public sector. This paper

  17. The Impact of Granting Market Economy Status to China on Antidumping Duties and Imports: The Case of Korea

    Directory of Open Access Journals (Sweden)

    Soonchan Park

    2006-12-01

    Full Text Available The Korean government has officially recognized China as a full market economy. This paper investigates the impact of grantingThe Korean government has officially recognized China as a full market economy. This paper investigates the impact of granting market economy status to China on antidumping (AD duties and imports. With regard to non-market economies (like China, it is presumed that prices and costs are influenced by state interference and, therefore, authorities use prices and costs from a third party economy to construct normal values. This, however, leads to higher dumping margins. This paper examines the use of Non-Market Economy (NME on dumping margins and statistical analysis finds that NME, in fact, raises margins by 18.7∼27.3%. Furthermore, the imposition of AD duties significantly restrains trade; for example, a 10% AD duty causes imports to fall by about 1.5~3.4%.

  18. TRENDS OF NATURAL RESOURCES MARKET IN A GLOBALIZED WORLD ECONOMY

    Directory of Open Access Journals (Sweden)

    Cristian, SIMA

    2013-10-01

    Full Text Available Natural resources are not homogeneous in nature, having certain features in the productive process that require grouping them into different categories by different criteria. Consequently, natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria selected based on the proposed goals. Changing approaches based resources (materials to the knowledge, from quantity to quality, from mass products to new concepts of higher added value, follows a development that is based on eco-efficiency and sustainable products and services. In this respect, integrated research will become key factors towards global processing. Also, global digitalization requires a new approach on the role of information in the development of economy and increase of competitiveness.

  19. The political economy of energy use and pollution: the environmental effects of East-European transition to market economy

    Energy Technology Data Exchange (ETDEWEB)

    Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)

    1998-11-01

    The transition of Eastern Europe to Western-type liberal capitalism has been interpreted as an important step towards a more ecologically sustainable Europe. The main argument has been that the energy efficiency of the West-European economy will be imported to Eastern Europe and lead to lower energy consumption and lower pollution. This line of argumentation seems sound as far as the industrial sector is concerned. However, it does not take into consideration the energy and pollution bill of the lavish lifestyle of modern consumer-oriented societies. A shift away from the moderate private consumption of East-European Communism, towards the Western consumerist lifestyle may diminish or even abolish the positive ecological effects of the East-European transition to a competitive market economy. The article explores energy consumption and pollution patterns of Eastern and Western Europe both as far as industrial and domestic end-user consumption is concerned. The article argues that these patterns are related to basic characteristics of the communist and capitalist systems and that pollution and energy use are fundamentally conditioned by the overall political economy. 18 refs., 14 figs., 1 tab., 1 app.

  20. Incidents in Czechoslovakian "Socialist Management" between 1956 and 1989. Conflict and Reconciliation

    Czech Academy of Sciences Publication Activity Database

    Vilímek, Tomáš; Tůma, Oldřich

    42/43, Spring-Summer (2016), s. 187-240 ISSN 1310-9456 Institutional support: RVO:68378114 Keywords : socialist management * centrally planned economy * Czechoslovakia 1956-1989 Subject RIV: AB - History

  1. Market structure and competition in the healthcare industry : Results from a transition economy.

    Science.gov (United States)

    Lábaj, Martin; Silanič, Peter; Weiss, Christoph; Yontcheva, Biliana

    2018-02-14

    The present paper provides first empirical evidence on the relationship between market size and the number of firms in the healthcare industry for a transition economy. We estimate market-size thresholds required to support different numbers of suppliers (firms) for three occupations in the healthcare industry in a large number of distinct geographic markets in Slovakia, taking into account the spatial interaction between local markets. The empirical analysis is carried out for three time periods (1995, 2001 and 2010) which characterise different stages of the transition process. Our results suggest that the relationship between market size and the number of firms differs both across industries and across periods. In particular, we find that pharmacies, as the only completely liberalised market in our dataset, experience the largest change in competitive behaviour during the transition process. Furthermore, we find evidence for correlation in entry decisions across administrative borders, suggesting that future market analysis should aim to capture these regional effects.

  2. Farmers’ export market participation decisions in transition economies

    DEFF Research Database (Denmark)

    Bobojonov, Ihtiyor; Teuber, Ramona; Hasanov, Shavkat

    2016-01-01

    The Russian import ban on Western food products has stimulated a discussion about whether and how countries in Central Asia and Caucasus might benefit from this political decision by expanding their agrifood exports to Russia. Given this background, our study compares farmers’ willingness...... to participate in export markets in Armenia and Uzbekistan. Discussions are based on the analysis of surveys of 400 farmers from each country conducted in the spring of 2015. The results show that farmers already participating in local markets have a higher motivation to engage in the production of exportable...... commodities when a sudden export opportunity emerges. Beyond this general finding, the relative importance of farm and infrastructure characteristics were identified under different commercialization levels. Although both types of factors have been identified as important determinants in the existing...

  3. Role of Creative Industries in the Post-Socialist Urban Transformation

    Directory of Open Access Journals (Sweden)

    Stryjakiewicz Tadeusz

    2014-06-01

    Full Text Available Over the past two decades the cities in Central and Eastern Europe have witnessed a wide-ranging transformation in many aspects. The introduction of a market-oriented economy after half a century of socialism has brought about deep social, economic, cultural and political changes. The first stage of the changes, the 1990s, involved the patching up of structural holes left by the previous system. The post-socialist city had to face challenges of the future while carrying the ballast of the past. Rapid progress in catching up with the West transformed the city a great deal. Later on, the advent of the 21st century brought a new wave of development processes based, among other things, on creativity and innovation. Hence our contribution aims to explore the role of creativity and creative industries in the post-socialist urban transformation. The article consists of three basic parts. In the first we present the concept of a ‘creative post-socialist city’ and define the position of creative industries in it. We also indicate some similarities to and differences from the West European approaches to this issue. In the second part, examples from Central and Eastern Europe are used in an attempt to elucidate the concept of a ‘creative post-socialist city’ by identifying some basic features of creative actions /processes as well as a creative environment, both exogenous and endogenous. The former is embedded in different local networks, both formal (institutionalised and informal, whereas the structure of the latter is strongly path-dependent. In the third part we critically discuss the role of local policies on the development of creative industries, pointing out some of their shortcomings and drawing up recommendations for future policy measures.

  4. Reallocation of resources between generations and genders in the market and non-market economy. The case of Italy

    Science.gov (United States)

    Zannella, Marina

    2015-01-01

    In this article the National Transfer Accounts (NTA) method is used to develop a comprehensive account of resource reallocations between population members in Italy, encompassing the age and the gender perspective, the public and the familial institutional sectors as well as the market and non-market dimensions of the economy. The inclusion of the non-market economy, referring to household and care time, allows for an insight into the gender division of labour and the strength of intergenerational obligations in the Italian familistic welfare regime. Results highlight the existence of large flows of resources within the family both between genders and toward young generations, with men and women giving rise to considerable monetary and time transfers, respectively. PMID:26110106

  5. Labour Market Reform and Incidence of Child Labour in a Developing Economy

    OpenAIRE

    Chaudhuri, Sarbajit

    2009-01-01

    The paper is purported to examine the consequences of possible labour market reform in the developing economies on the incidence of child labour and economic well-being of the child labour supplying families. A two-sector, full-employment general equilibrium structure with child labour and imperfection in the market for adult labour has been used for the analytical purpose. Although this policy is likely to lower the incidence of child labour the welfare of the families supplying child labour...

  6. An analysis of the crises’ cyclicity in the market economy

    Directory of Open Access Journals (Sweden)

    Mariana Elena BALU

    2012-06-01

    Full Text Available The social-economic phenomena and processes have a cyclical character, which falls within the natural development of the economic activity. Periodically, national economies or certain economic branches are affected by states of crisis, of unbalance, which disrupt the normal course of the economic activity and development. The occurrence of fluctuations in the economic field gives birth to economic cycles, defined as the time separating two economic or financial crises. Crises represent a deregulation, a sudden disorder of the economic balance, but they are necessary in the sense that they “are an indispensable sanction of management errors” and the problem is not the elimination of all crises, but only of those which “weigh heavily on the economic activity and are a systemic risk”. The main causes of an economic crisis are of a political, social or financial nature. Romania has been affected by the crisis at the commercial level, its exports being reduced and at the financial level, by the limitation of the access to external financing, reflected in the depreciation of the domestic currency. The analysis of the Balance of External Payments (BEP in the period January-October 2011, shows that the deficit of current account of the BEP was of 4,097 million Euros, having fallen by 9.5% comparing to the same period of 2010, a situation explained by the reduction of the trade deficit by 12.7%.

  7. Nuclear power development in Russia. Russia's energy industry preparing for the free market economy

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    The energy industry in Eastern Europe is preparing for the free market economy. The ambitions goal is to get fit and prepared for joining the free market economy as a competitor, and within the shortest possible time at that, struggling against the sharp wind of change that will blow, and trying to make the best of actually very unfavourable economic and political conditions. Priority has been given to privatisation of power plants and electricity networks, and to a speedy connection to the Western grids. However, all parties concerned are well aware that this task cannot be accomplished out of Russia's own resources alone. Whether the economy in Russia can be put on a stable footing and develop stable structures will depend on the development and efficient use of nuclear power, as the most important resources of Russia's energy industry are concentrated in the eastern part of the country, while 70% of electricity generation and demand is concentrated in the European part. (orig.) [de

  8. Impact of Knowledge Economy on the Participation of Women in Labor Market

    Directory of Open Access Journals (Sweden)

    Abeer Mohamed Ali Abd Elkhalek

    2017-07-01

    Full Text Available Purpose: To examine the influence and participation of women in the labor market by the know-ledge economy; in negative or positive manner. Methodology: Quantitative research technique has been implied to evaluate women’s participa-tion in the labor market to minimize negative impacts of knowledge economy. Findings: Within the service and agricultural sectors, the outcomes demonstrated that knowledge economy is found to have a significant impact on the participation of women’s labor force. The only drawback that discourages the employment of women is the concept of culture and social norms. Practical Implications: A higher participation of females in computer science, engineering and technology-oriented jobs would spur innovation and economic advances in all countries. Origi-nality Statement: The research also depicted procedures to accomplish women’s participation as a fundamental requirement for the achievement of developmental goals.

  9. College Students' Attitudes & Responses toward the Current Economy and Its Implications for Marketing Managers

    Science.gov (United States)

    Gray, Lauren; Lamanette, Michelle; Silva, Alberto; Budden, Michael C.

    2009-01-01

    Since the early months of 2009, the undeniable woes of the economy are being felt by many. With a record number of corporate closings, rising unemployment and the crises in the financial markets, this may prove to be a difficult year for many. This paper uses empirical evidence collected from Southeastern Louisiana University students to learn how…

  10. The Effect of Intellectual Property Standards on the Catch-Up Process Of Emerging Market Economies

    DEFF Research Database (Denmark)

    Darendeli, Izzet; Brandl, Kristin Martina; Hamilton, III, Robert D.

    2014-01-01

    The catch-up process of emerging market economies is dependent on multiple factors, such as local governmental regulations but also global industry developments. We investigate how intellectual property (IP) protection standards affect this catch-up process. The alignment of these standards...

  11. PRINCIPLES OF MARKET ECONOMY AND STRUCTURAL CHANGES IN THE RUSSIAN INSTRUMENT

    Directory of Open Access Journals (Sweden)

    V. N. Voronina

    2012-01-01

    Full Text Available This paper deals with result analysis of incoming of native instrument making into market economy. Reasons of dramatically worsening of many of enterprises condition and factors that are putting obstacles to its improvement are shown. Also variants of competiveness increasing ofRussian instruments are considered taking in account possible structure changes in its sphere.

  12. Professional Formation in Hong Kong: Yin & Yang in a Free-Market Economy?

    Science.gov (United States)

    Forrester, Victor

    2007-01-01

    The relationship between the professional formation of beginning teachers, education reforms and Hong Kong's free-market economy is explored. An overview of educational change and then beginning teachers' professional formation within the context of economic cycles provides a contextual background against which two research projects are…

  13. TIME SERIES ANALYSIS ON STOCK MARKET FOR TEXT MINING CORRELATION OF ECONOMY NEWS

    Directory of Open Access Journals (Sweden)

    Sadi Evren SEKER

    2014-01-01

    Full Text Available This paper proposes an information retrieval methodfor the economy news. Theeffect of economy news, are researched in the wordlevel and stock market valuesare considered as the ground proof.The correlation between stock market prices and economy news is an already ad-dressed problem for most of the countries. The mostwell-known approach is ap-plying the text mining approaches to the news and some time series analysis tech-niques over stock market closing values in order toapply classification or cluster-ing algorithms over the features extracted. This study goes further and tries to askthe question what are the available time series analysis techniques for the stockmarket closing values and which one is the most suitable? In this study, the newsand their dates are collected into a database and text mining is applied over thenews, the text mining part has been kept simple with only term frequency – in-verse document frequency method. For the time series analysis part, we havestudied 10 different methods such as random walk, moving average, acceleration,Bollinger band, price rate of change, periodic average, difference, momentum orrelative strength index and their variation. In this study we have also explainedthese techniques in a comparative way and we have applied the methods overTurkish Stock Market closing values for more than a2 year period. On the otherhand, we have applied the term frequency – inversedocument frequency methodon the economy news of one of the high-circulatingnewspapers in Turkey.

  14. About the ways of republican electrical engineering science development at the market economy conditions

    International Nuclear Information System (INIS)

    Kuliyev, A.M.

    2001-01-01

    Full text : The article is dedlcated to the ways of development of republican electro-technical science in the period of integration of Azerbaijan into world market economy. The most actual problems of this period were explained. The main problem directions of development of electro-technical science in present stage were formulated

  15. The Basis of The 'Social – Market' Economy | Opafola | Annals of ...

    African Journals Online (AJOL)

    Taking cognizance of some of their merits, the paper maintains that the set-backs facing capitalism and Marxian socialism warrant the evolution of cooperativism and social democracy as a nucleus of “social – marketeconomy. The third approach adopted by the paper involves the exploration of the value of cooperative ...

  16. Labor Market Institutions and Their Impact on Shadow Economies in Europe

    Czech Academy of Sciences Publication Activity Database

    Fialová, Kamila; Schneider, O.

    2014-01-01

    Roč. 5, č. 1 (2014), s. 1-40 ISSN 2038-1379 R&D Projects: GA ČR(CZ) GA14-15008S Institutional support: RVO:68378025 Keywords : labour market institutions * shadow economy * shadow employment Subject RIV: AH - Economics http://www.rei.unipg.it/rei/article/view/146/137

  17. The Models of Market Economy on the Modern Technological Platforms

    Directory of Open Access Journals (Sweden)

    Sokolovska Zoia M.

    2017-11-01

    Full Text Available The article is aimed at analyzing the status of software provision of simulation modeling of economic systems and disclosing the possibilities of application of the integrated software-technological platforms in the building of market models. Problems in the field of applied introduction of the method of simulation modeling have been defined; the status of the software-technological provision of the simulation modeling of economic systems has been analyzed. It has been suggested to use the integrated system of multi-approach simulation modeling AnyLogic as one of the most powerful modern software platforms. The variant of the model of competitive multi-product market adapted to the specifics of pharmaceutical industry enterprises has been considered. The work of the model can be illustrated by results of the situational simulation experiments on the example of the pharmaceutical company «Farmak». The possibilities of parametric adjustment of imitation experiments together with the spectrum of their application in practical activity of pharmaceutical enterprises have been demonstrated.

  18. Stock market reaction to xenophobic violence in an emerging economy

    Directory of Open Access Journals (Sweden)

    Collins C. Ngwakwe

    2017-05-01

    Full Text Available This paper presents an initial evaluation of possible effect of xenophobic violence on the Johannesburg Stock Market. Violence is inimical to economic development as it constraints normal business operations and causes a rebound on the stock market. The paper applied the event trend analysis combined with a statistical t-test of paired sample means in the pre and post-xenophobic period stock performance. Data was drawn from the JSE All Share Index - Capped Indices Performance (J303 - Capi DY for 2008 and 2015, during & after the xenophobic violence of 2008 and 2015. The economic consequences of social instability were substantiated with related literature. The theoretical foundation was inclined on the integrated threat theory and the social contract theory. Findings from the analysis of paired sample t-test showed a significant difference in means of stock performance with P<0.05 within and after the xenophobic period. Furthermore, a t-test of similarity in stock performance chart for periods of xenophobic violence 2008 and 2015 showed no significant difference in stock performance trend – indicating similarity in stock chart between 2008 and 2015 periods of xenophobic violence. The paper recommends the need for further research of a broader scope that will consider many years of xenophobic events or similar violence across countries using multiple stock performance and economic performance indicators.

  19. Problems Encountered during the Transition to Market Economy in Azerbaijan and Solution Attempts

    Directory of Open Access Journals (Sweden)

    Elchin SULEYMANOV

    2014-07-01

    Full Text Available After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started the transformation to the market-based economy and the integration into the world economy. The country’s oil and natural gas reserves have been considered the main source for financing a range of government programs for reforms. On the one hand, these reserves had to be used effectively; on the other hand, there was a huge demand for foreign investment for extraction. To this end, Azerbaijan has signed “Contract of the Century” in 1994. Although Azerbaijan has wide oil and natural gas reserves, it has faced a number of difficulties in its transition path. This study analyzes these problems and reforms for solving them. One of the types of the problems related to the economic structure of the former Soviet Union: disruption of the economic ties between the republics resulted in a decline of production, high levels of unemployment and prices and consequently led to an economic recession in all of the republics. Another set of problems related to the lack of sufficient institutional bases to transform to the market economy. Moreover, internal conflicts between the political parties and groups for having authority as well as political chaos in the republic can be considered other serious problems during the transition period. Furthermore, Karabakh war and occupation of 20 percent of the Azerbaijani territory by the Armenian military forces had made the situation extremely complicated. Despite all of these extremes, Azerbaijan transformed to the market-based economy decidedly and even became one of the fast growing countries of the world. Even in 2013, with the GDP growth rate of 5.6 percent, Azerbaijan was a leader among growing economies. In parallel with this significant economic development, there is still a need for some socio-economic and institutional reforms in order to get a well-functioning market-based economy in Azerbaijan.

  20. Ethnic groups in Tuva and their adaptation to market economy

    Directory of Open Access Journals (Sweden)

    Galina F. Balakina

    2016-06-01

    Full Text Available Studying the issue of how ethnic groups in Tuva adapt to contemporary social and economic transformations is of special importance at the moment due to the fact that Tuva is an ethnically heterogeneous region, and also because the issue of such adaptation has not been sufficiently studied so far. The ethnic and cultural profile of the population of a certain region is also important for assessing the prospects of its development. In order to study the whole scope of techniques, pace and scale of ethnic groups’ adaptation to the transforming environment, the authors of this article launched and led two public opinion polls (2010 and 2014. A representative sample of 400 residents of Tuva of working age was polled by means of a questionnaire. The analysis of the data thus obtained shows that the adaptation patterns in various ethnic groups (primarily Tuvans and Russians are different. An additional obstacle ethnic Russians face is that they have to adapt to both new socioeconomic situation and new ethnopolitical reality. While basic value orientations of ethnic Russians and Tuvans are quite similar, in the issues of equality and social mobility Russians, including the younger generation, still feel more disadvantaged than Tuvans. Low confidence in the future cripples their self-esteem, especially concerning career prospects and social mobility. Ethnic Tuvans feel more confident in their future due to their trust in kinship and territorial networks. Nevertheless, the overall adaptation level remains rather low, with a marked prevalence of paternalist expectations and passive outlook. In general, it is quite clear that the level of adaptation to the realities of the new economy does not match the requirements of the region’s social and economic development. The degree of frustration and deprivation among the population of Tuva is still high. Opinion polls show a rise of pro-migration mood: while Russians aim to move out of the region, ethnic

  1. Business management practices in the power industry: Decision making in a market economy

    Energy Technology Data Exchange (ETDEWEB)

    Brown, J.H. [Fieldstone Private Capital Group, New York, NY (United States); Rosel, V. [Fieldstone Private Capital Group, Prague (Czechoslovakia)

    1995-12-01

    Management of a free market power industry, or managing the transition from a planned economy to a free market one, is driven by a fundamental economic premise - it is unrealistic (and economically unsound) to try to shelter end users (manufacturers or otherwise) from the true cost of energy: (i) energy prices are a function of fuel inputs (ii) fuel inputs are world priced (iii) end users must pay prices based on true costs Trying to counter any of these dictates will cause economic inefficiencies and misallocations. Managers of energy production in a free market economy must therefore learn to acquire data, and learn to extrapolate. As information is never complete, or perfect, managers must learn to consider contingencies, alternatives and options. In a free market economy, the decision to build a power facility is not controlled simply by the recognition of a perceived need for more power in an area. Because survival in a free market economy requires making a profit, as part for the decision process managers must: (i) talk to their customers to determine power needs into the future (ii) talk to their input suppliers, and arrange contracts (iii) make sure that there is a spread between cost and revenue As stated this is a simple recipe, but is difficult in practice. To perform any forecasting, managers must acquire control over cost, so as to have a base from which to judge the continued profitability or potential profitability, of any current activity or future ventures. It should be noted that planning for the future is difficult at any time but even more so when moving through an era where in the entire economy is undergoing systemic changes. Historic customer base, and historic supply arrangements, may not mean much. Therefore, managers must keep acquiring information, and updating forecasts.

  2. Economy

    OpenAIRE

    Haring, Ben

    2009-01-01

    The economy of ancient Egypt is a difficult area of study due to the lack of preservation of much data (especially quantitative data); it is also a controversial subject on which widely divergent views have been expressed. It is certain, however, that the principal production and revenues of Egyptian society as a whole and of its individual members was agrarian, and as such, dependent on the yearly rising and receding of the Nile. Most agricultural producers were probably self-sufficient tena...

  3. TOOLS OF MARKETING COMMUNICATIONS IN POLITICS AND THE ECONOMY, DEPENDING ON THE LIFE CYCLE

    Directory of Open Access Journals (Sweden)

    Tatyana L. Shklyar

    2014-01-01

    Full Text Available This article demonstrates how much can be similar absolutely different areas as politics and economy.Analyzing the approaches to marketing in these areas, you can gather a lot of valuable and useful. The authors discuss the tools of marketing communications, depending on the life cycle of goods and drawa parallel between business and politics. Note that thetools of marketing communications are very numerousand diverse but is most effective at a particular time. Provides specific recommendations on the relevance of tools, aimed at promotion of the goods in the certaintime intervals life cycle.

  4. How does labour market structure affect the response of economies to shocks?

    OpenAIRE

    Aurelijus Dabusinskas; István Kónya; Stephen Millard

    2015-01-01

    The recent crisis in the Eurozone has led to much discussion about the structure of labour markets in different Eurozone economies. In particular, there has been much talk of the need for structural labour market reform in the Eurozone periphery. But, there are many aspects of labour market structure – eg, wage flexibility, flexibility in hiring and firing, benefits, etc – and it is not clear a priori which aspects really matter. In this paper, we analyse how cross-country differences in labo...

  5. It is desirable allocative function of the food market in a global economy?

    International Nuclear Information System (INIS)

    Leon Rodriguez, Nohra

    2008-01-01

    This article brings forth the free market influence on product patterns, agricultural output quantities and prices in the global economy? casting doubt over the allocative efficiency of markets and intending to outline some risks brought on by excessive reliance on free markets regarding consumer welfare, food security and negative impact on the environment and sustainable economic growth. As the main analytic element it is presented the preeminence of agricultural food multinational producers, as well as the scale of their influence in terms of product supply and commercialization, responding exclusively to profit maximization incentives without taking into account their role in terms of food nutrition patterns and production

  6. The cost of fuel economy in the Indian passenger vehicle market

    International Nuclear Information System (INIS)

    Chugh, Randy; Cropper, Maureen; Narain, Urvashi

    2011-01-01

    To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We estimate hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to compute 95% confidence intervals for the marginal cost to the consumer for an increase in fuel economy. We find that the associated present value of fuel savings falls within the 95% confidence interval for most specifications, in all market segments, for the years 2002 through 2006. Thus, we fail to consistently reject the hypothesis that consumers appropriately value fuel economy. - Highlights: → We examine the tradeoffs faced by new vehicle consumers in India. → We use hedonic price functions and instrumental variables. → We find no support for the hypothesis that consumers undervalue fuel economy. → Some consumers are willing to forgo substantial potential savings to own their preferred vehicle.

  7. Labor Market Efficiency as One of the Pillars of the Global Competitiveness of an Economy - Conclusions for the Labor Market Regimes of the EU Countries

    Directory of Open Access Journals (Sweden)

    Izabela Ostoj

    2015-04-01

    Full Text Available Labor market activity may have an effect on global economy competitiveness. This issue has been described as "labor market efficiency" (LME, which is a constituent of The Global Competitiveness Index published by The World Economic Forum (WEF. The article's purpose is to clarify the phenomenon of LME and explain the mechanisms which help the constituents affect economy competitiveness. The structure of LME points at the meaning of labor market regime, especially after considering the fact that European Union countries operate within various models of regime. The analysis of the LME diversity may help determine what type of labor market regimes are most efficient in enhancing economy competitiveness

  8. 探析和谐视阈下的社会主义价值观%From the Perspective of Harmonious Socialist Values

    Institute of Scientific and Technical Information of China (English)

    江忠; 王道文

    2013-01-01

    随着社会主义市场经济不断发展,社会各领域都发生了深刻变化,从世界观、人生观和价值观到人们日常生活方式、人际交往方式、消费理念等都产生了巨大变化。因此,我国社会主义核心价值体系建设必须加快步伐,这样才能有效缓解社会主义价值观矛盾。本文主要探讨和谐视阈下的社会主义价值观构建途径。%With the continuous development of the socialist market economy,all sectors of the society has un-dergone profound changes,from the world outlook,outlook on life and values to have a great change in people daily life style,style,interpersonal consumption concept.Therefore,we must speed up the pace of the construction of the socialist core value system in our country,so as to effectively ease the contradiction of the socialist values.This paper mainly discusses the harmonious socialist value under the construction way.

  9. Differences in Measuring Market Risk in Four Subsectors of the Digital Economy

    Directory of Open Access Journals (Sweden)

    Sonia Benito

    2015-03-01

    Full Text Available This paper defends the wisdom of not considering the Digital Economy to be one homogeneous sector. Our hypothesis is that it is best to consider it the result of adding four different subsectors. We test whether indeed the economic and financial performance of a portfolio of listed companies in each of the four subsectors presents relevant differences. We use the value at risk measure to estimate market risk of the four subsectors of the digital economy. The riskiest subsector is Mobile/Internet Contents & Services followed by SW&IT Services and Application Software. On the contrary, the Telecom sector is by far the safest one. These results support the hypothesis that the Digital Economy is not a homogeneous sector.

  10. SOME ASPECTS REGARDING THE POSITION OF ROMANIAN FEMALE INTO THE LABOUR MARKET

    Directory of Open Access Journals (Sweden)

    HORDAU ANNE-MARIE ANDREEA

    2009-05-01

    Full Text Available The development of the market economy did not improve the conditions of life and work of women in Romania. The socialist system tried to build a new image of the woman as a mother and a worker. However, if many women go to the university, their profession

  11. Pension fund regulation: Unintended consequences of foreign investment restrictions in an emerging market economy

    Directory of Open Access Journals (Sweden)

    Coert Frederik Erasmus

    2016-12-01

    Full Text Available Retirement savings allow investors to earn income after retirement by saving while being part of the workforce. Retirement savings comprise the largest portion of retirement savings and should be safeguarded by effective regulation. To safeguard retirement savings, exposure to foreign asset investments is limited. However, in an emerging economy, limiting foreign asset investments, especially investment in developed markets, could hamper the potential investment returns due to the translation risk. To assess the effect of translation risk, a preservation provident fund was used in the present study to determine whether the returns of this preservation provident fund would be adversely affected by investment allocation regulation. The findings indicated how the translation effect affected the preservation provident fund, illustrating the adverse unintended consequences of investment regulation in emerging market economies. Consequently, regulators should reconsider the maximum allowed foreign asset investment in pension fund regulations to enhance investment returns from foreign asset investments

  12. Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies

    Science.gov (United States)

    Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok

    2016-01-01

    In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995–2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies. PMID:27490847

  13. Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies.

    Science.gov (United States)

    Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok

    2016-01-01

    In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995-2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies.

  14. Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies.

    Directory of Open Access Journals (Sweden)

    Habib Hussain Khan

    Full Text Available In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995-2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership, and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies.

  15. Market study for direct utilization of geothermal resources by selected sectors of economy

    Energy Technology Data Exchange (ETDEWEB)

    1980-08-01

    A comprehensive analysis is presented of industrial markets potential for direct use of geothermal energy by a total of six industry sectors: food and kindred products; tobacco manufactures; textile mill products; lumber and wood products (except furniture); chemicals and allied products; and leather and leather products. A brief statement is presented regarding sectors of the economy and major manufacturing processes which can readily utilize direct geothermal energy. Previous studies on plant location determinants are summarized and appropriate empirical data provided on plant locations. Location determinants and potential for direct use of geothermal resources are presented. The data was gathered through interviews with 30 senior executives in the six sectors of economy selected for study. Probable locations of plants in geothermal resource areas and recommendations for geothermal resource marketing are presented. Appendix A presents factors which impact on industry location decisions. Appendix B presents industry executives interviewed during the course of this study. (MHR)

  16. [Discussion on releasing price of Chinese patent medicine to market economy to achieve sustainable development].

    Science.gov (United States)

    Long, Xingchao; Huang, Luqi; Jiang, Erguo; Zhou, Yonghong; Xu, Yanfeng; Zheng, Shuhua; Ning, Xiaoling; Liu, Hongwei; Chen, Lin

    2012-02-01

    To analyze costs of the traditional Chinese medicine industry focusing on production costs. Data of 50 planted Chinese herbal medicines and 50 wild Chinese herbal medicines were summarized and analyzed to see the changes of price of Chinese herbal medicines. The derivative problems of limited price were analyzed by crude drug, quality of Chinese medicine and sustainable utilization of resource. The price of Chinese medicine shall be adapted to sustainable development of market economy.

  17. Economic efficiency of brown coal mine ''Konin'' in market economy conditions

    International Nuclear Information System (INIS)

    Jeruzel, M.

    1995-01-01

    The economic situation of ''Konin'' brown coal mine located in Central Poland is analysed. The main problem of the mine is the coal price which is still regulated despite market economy. It causes many difficulties and therefore a change of energy policy is postulated. The basic economic results for 1993 as well as prognosis of investment costs up to 2020 are given. The changes of management system and the strategy planning training are also described. 2 ills, 1 tab

  18. Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies?

    OpenAIRE

    Seedwell Hove; Albert Touna Mama; Fulbert Tchana Tchana

    2011-01-01

    Most emerging market economies (EMEs) which have implemented inflation targeting (IT) have continued to experience large, frequent and sometimes persistent inflation target misses. At the same time these countries had reformed their institutional structures when implementing IT. In this paper we empirically study the importance of central bank independence, fiscal discipline and financial sector development for the achievement of inflation targets in EMEs using the panel ordered logit model. ...

  19. Public gaming: eSport and event marketing in the experience economy

    OpenAIRE

    Borowy, Michael

    2012-01-01

    This thesis situates organized competitive digital gaming (eSport) in the context of historical sport, the rise of the computer and video games industry, event marketing, and the experience economy. It argues that the oftentimes misattributed origins of eSport in truth first took place during the early 1980s in arcades, when the various criteria for sport, including public contest, a structured framework for victory and defeat, mediatization and promotion, professionalization, record-keeping,...

  20. A Comparative Analysis of Social Media Marketing by Transportation Network Companies in the Sharing Economy

    OpenAIRE

    Heymans, Alice

    2017-01-01

    The sharing economy is a new business model rapidly expanding. In transportation, many people use innovative services proposed by ride-hailing mobile applications. These technological platforms, operated by networking companies, rely extensively on social media to promote their services, and reach new customers (riders) and providers (drivers). This dissertation focuses on e-marketing communication. It makes a comparative analysis of the information published on several social media (Facebook...

  1. Foreign direct investment in the financial sector of emerging market economies

    OpenAIRE

    Bank for International Settlements

    2004-01-01

    Executive summary Foreign participation in the financial sectors of emerging market economies (EMEs) increased rapidly during the 1990s. It has continued to expand so far in this decade, on balance – although its pace fell somewhat following problems in Argentina in 2002 and the global slowdown in mergers and acquisitions. While banks accounted for the majority of financial sector foreign direct investment (FSFDI), they were joined during this period by securities and investment firms. In a n...

  2. 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 ...

  3. 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.

  4. Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy

    OpenAIRE

    Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten

    2013-01-01

    Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the process of transition and develop money demand functions that reflect these institutional changes. We consider seasonal unit roots and estimate long run, equilibrium money demand functions, explicitly taking into consideration the ch...

  5. 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....

  6. What does a G-3 target zone mean for emerging-market economies?

    OpenAIRE

    Reinhart, Carmen; Reinhart, Vincent

    2000-01-01

    This paper examines the argument for a G-3 exchange rate target zone strictly from an emerging market perspective. A commitment to damping G-3 exchange rate fluctuations, however, requires a willingness on the part of G-3 authorities to use domestic monetary policy to that end. Under a system of target zones, then, relative prices for emerging market economies may become more stable, but debt-servicing costs may become less predictable. We use a simple trade model to show that the resulting c...

  7. E-Commerce as an instrument of governing SMEs’ marketing strategy in an emerging economy

    OpenAIRE

    Lawrence Mpele Lekhanya

    2016-01-01

    The purpose of this paper is to report on the use of e-commerce an instrument of governing SMEs’ marketing strategy in an emerging economy. The study aimed to assess and critically discuss various factors influencing the use of e-commerce as an instrument of governing SMEs marketing strategy and identify the extent to which SMEs owners/managers perceived e-commerce to be important to their businesses survival and growth. A mixed method approach allowed for qualitative and quantitative techniq...

  8. Testing Weak Form Market Efficiency for Emerging Economies: A Nonlinear Approach

    OpenAIRE

    Omay, Nazli C.; Karadagli, Ece C.

    2010-01-01

    In this paper, we address weak form stock market efficiency of Emerging Economies, by testing whether the price series of these markets contain unit root. Nonlinear behavior of stock prices is well documented in the literature, and thus linear unit root tests may not be appropriate in this case. For this purpose, we employ the nonlinear unit root test procedure recently developed by Kapetanios et al. (2003) and nonlinear panel unit root test Ucar and Omay (2009) that has a better power than s...

  9. Clinical bioethics in china: the challenge of entering a market economy.

    Science.gov (United States)

    Chen, Xiao-Yang

    2006-02-01

    Over the last quarter-century, China has experienced dramatic changes associated with its development of a market economy. The character of clinical practice is also profoundly influenced by the ways in which reimbursement scales are established in public hospitals. The market distortions that lead to the over-prescription of drugs and the medically unindicated use of more expensive drugs and more costly high-technology diagnostic and therapeutic interventions create the most significant threat to patients. The payment of red packets represents a black-market attempt to circumvent the non-market constraint on physicians' fees for services. These economic and practice pattern changes are taking place as China and many Pacific Rim societies are reconsidering the moral foundations of their professional ethics and their bioethics. The integrity of the medical profession and the trust of patients in physicians can only be restored and protected if the distorting forces of contemporary public policy are altered.

  10. The hidden cost of consensus: How coordinated market economies insulate politics

    Directory of Open Access Journals (Sweden)

    Lawrence Ezrow

    2015-11-01

    Full Text Available Previous research has argued that while elections motivate parties to respond to public sentiment, global economic ties reduce this responsiveness by redirecting elites from their electorates and toward market actors. In this study, we extend this work to examine the influence of globalization on party responsiveness across different forms of production-welfare regimes. Coordinated market economies (CMEs accommodate economic interdependence by striking corporatist bargains between political elites, trade union representatives, and organized business. Although these consensual relations facilitate economic stability, they also insulate policymakers from voters. Analyses that pair public opinion and party positions across 18 advanced capitalist democracies from 1977 to 2009 show that while CMEs permit political elites a wide room to maneuver under economic globalization, political parties competing in these organized market economies do not respond to public opinion. This is the case regardless of level of exposure to world markets. In CMEs, party position-taking is uninfluenced by external factors (economic globalization and domestic factors (public opinion alike. By examining the consequences for party behavior, our results raise questions about the virtues of coordinated market capitalism for the health of representative democracy.

  11. The consequences of product markets globalization for Ukraine’s national economy

    Directory of Open Access Journals (Sweden)

    Ivashchenko Maryna

    2016-04-01

    Full Text Available The features of global commodity markets have been considered in the article. The purpose of the article is to identify the sources and consequences of commodity markets globalization observable in the world economy and to develop the recommendations as for the state and corporate governance in the context of global competition. The author’s attention is paid to transnational corporations that make up the most significant competition in the global commodity markets. The influence of transnational business on product markets has been investigated. The last is defined as a product of globalization on the one hand, and becomes a catalyst of globalization processes on the other hand. Also the place of Ukraine in global ratings has been traced. It has been proved that the most effective way of behavior of Ukrainian enterprises on the global commodity markets among all the possible variants is the way of innovation development. Despite the reduction of the government regulatory role in the global economy it has been recommended the adoption of effective management decisions to support of the domestic producers but not at the expense of a healthy global competition.

  12. Gli investimenti di portafoglio nelle economie di mercato emergenti:tendenze, dimensioni e problemi (Portfolio Investment in Emerging Market Economies: Trends, Dimensions and Issues

    Directory of Open Access Journals (Sweden)

    Dilip K. Das

    2000-09-01

    Full Text Available Securitised financial flows to emerging market economies have become an important feature of the global capital flows. The principal focus of this paper is on an in-depth analysis of current trends in securitised financial flows. It lays special emphasis on private portfolio equity investment into the emerging market economies. The paper begins with the analysis of the process of stimulation of these flows, and identifies the institutional, structural and non-cyclical factors behind them. One of the points it emphasises is the progressively important role of institutional investors, which is the causal factor behind a significant increase in the quantum of portfolio investment into the emerging market economies. These flows were adversely affected by the financial crises of the 1990s. The subject matter of this paper also includes two of the most important policy issues, namely, the "hot money and cold money" issue and the volatility issue.

  13. Structural problems of the heating oil economy pose a challenge to natural gas marketing

    International Nuclear Information System (INIS)

    Zeller, U.

    1995-01-01

    The Swiss heating market is characterised by hard crowding-out competition. New energy carriers are entering the market while at the same time the demand declines. Natural gas is conquering one field of application after another and since years has steadily been increasing its share of the market. The corresponding loss of territory on the part of heating oil dealers has until now not been so tangible because it was compensated by a phase of growing demand during the past few years. If the current trend continues, then overcapacities in heat distribution and energy supply are to be expected for the future. The market will become especially difficult for heating oil dealers, as their decreasing overall share in the market will no longer be compensated by a growth in market volume, their former crutch for keeping up scales. The fight for market shares is therefore expected to become a great deal harder and have a direct impact on the natural gas economy. Commissioned by the Swiss gas industry, the Research Institute for Trade and Sales of St. Gallen University has made a study of the Swiss heating oil market. (orig.) [de

  14. Regional strategy and its features in the conditions of market economy

    Directory of Open Access Journals (Sweden)

    N.V. Myroshnyk

    2012-12-01

    Full Text Available The term “region” is defined. It is studied that in the conditions of modern market economy for an effective management of financial resources it is necessary providing the enterprise activities with optimal amount of these resources, their rational use, maximization of income and providing the appreciation of market enterprise value. In such conditions the issues of improvement of management of production processes, the effective use of financial, labor, and material resources become topical. The transition to the modern market economy caused the changes of all the economic system and, for the first, regional enterprises. The terms of managing the economy suffered transformations, which found an expression in the changes of ownership patterns, the terms of government control, and the tax system. The non-public sector of economy appeared as a result of reforms, modern banking system, markets of commodities, services, capital. It gives an opportunity for the reproduction on an expanded scale, the increase of enterprise profits, and the income of its proprietors. One is able to achieve this goal only under the optimal management of finances. In the modern conditions of managing the economy the control system is to be migrated to regions differing one to another in national, historical, geographical, economic and other peculiarities. A structural policy that must foresee the transition of state economy to a new resource-provided, hi-tech and economically safe model of operation is realized in Ukraine. Establishing in the country of free economic zones, where the favourable custom, currency-financial, tax and other conditions of economic activity are in force, is very promising. The territorial social-and-economic structure of Ukraine is based upon the principles of unity and integral state power, an appropriate balance of socio-economic development of separate territories taking into account historical and cultural traditions, demographic and

  15. Energy market and investment - political economy of supply security in the market of energy

    International Nuclear Information System (INIS)

    Leban, R.

    2005-01-01

    A market structure that appears to be adapted to achieving a supply security purpose in the sectors of oil power and gas, is an organisation where upstream energy markets include industrial players of adequate sizes involved downstream and where futures exchanges prevail at prices translating anticipations on 'basics' since spot markets are more of adjustment markets. Policy weighs hugely on those markets. The extra competition lately instilled in the electrical and gas markets in developed countries results in no decrease, as complicated exchange rules need to be thought up and the market power needs to be monitored. Political intervention is also carried out in the name of environmental policies, in a strong interaction with the operation of the said markets and therefore with a not insignificant risk of disruption. The oil market is a highly political one, since the key to exchanges, i.e. access to primary resources, is played between producing countries and huge oil and gas companies close to consuming countries. There is a strong temptation in the electrical sector, to add security policies in order to prevail over the market. Gas, which is oil upstream and electrical downstream, requires, in consuming countries, a delicate balance of policies to support operators as buyers and to control the same operators as players of the gas- gas competition. The prognosis on the market's ability to provide safe supply efficiently to citizens if security policies are implemented is rather good in areas where demand is moderately growing and networks are developed. It is however not as good in areas where there are high needs for production and transport investments, i.e. in countries that are developing now, and will be...in Europe soon. (author)

  16. How Is the Liberalization of Food Markets Progressing? Market Integration and Transaction Costs in Subsistence Economies

    NARCIS (Netherlands)

    Zant, W.

    2013-01-01

    We propose a modification of Baulch's parity bounds model to measure the market integration of food markets in developing countries. Instead of extrapolating a single observation of transaction costs, we estimate transaction costs. Predicted transaction costs compare well with survey data of

  17. Low-fertility rate, market economy, and population control in China.

    Science.gov (United States)

    Wu, C; Mu, G

    1996-01-01

    This article discusses the increasingly market-oriented economy in China and the implications for family planning and population control. Modern China has experienced in a few decades a dramatic decline in fertility. Some new issues include whether faster population increase is harmless with a rapidly growing economy, and about whether a large population size offers greater opportunity to attract investment. China adopted its population policies against a specific historical context, and future policies will pertain to new issues. The baby boom of the mid-1970s led to population increase and the impossibility of limiting total population by 2000 to under 1.6 billion. China's huge population size has a significant adverse effect on the survival and development of the nation. Land and natural resources limit the nation's ability to accommodate greater numbers of people. 22% of land is hilly and habitable, but 78.9% is largely uninhabitable basins, mountains, and plateaus. 53% of lands are arid or semi-arid. 20.3% of China's population live under harsh natural conditions, and many are impoverished. 95% of China's population live in the eastern part of the country. Population pressure depletes resources and creates environmental problems. There is pressure on consumption of grain, and labor surpluses threaten modernization and create conflicts between egalitarianism and efficiency. Unemployment insurance and social security are not yet in place to cushion a shift to a competitive market system. Success in rural economic reform is tied to absorbing surplus rural labor. Family planning is critical to improving individual lives, a planned economy, and world responsibility. A market economy in China is likely to modernize attitudes toward reproduction and smooth the transition to a low, stable fertility, but government population control will still be needed. The unanswered question is through what means population will be controlled.

  18. From subsistence to market economy: Responses of Tibetan pastoralists to new economic realities

    Directory of Open Access Journals (Sweden)

    Angela Manderscheid

    2004-04-01

    Full Text Available In many regions around the world the pastoral economy shifted from subsistence-oriented to a market-oriented production. Pastoral goods acquired monetary value and became a market commodity that entailed changes in the production system and in the attitude towards livestock. On the Tibetan plateau this shift did not follow a linear way. Until the 1950s, most consumption requirements could be satisfied with animal products. Economic exchange relations were essential to provide grain requirements, at least for those households who relied exclusively on animal husbandry. During the Mao era, animal husbandry was carried out in line with state targets and the produce was delivered according to central planning. In the late 1970s the transition towards a market-oriented production began. This paper discusses the recent reactions of pastoralists to the new realities in one specific area on the eastern Tibetan plateau. This shift from pastoral products to market commodities, the commercial network established as well as the market places for pastoral produce, are examined in this paper. These facts show that the pastoralists in question successfully market their produce. The research area, Dzoge county, is located on the eastern border area of the Tibetan plateau, where different ethnic groups live in proximity to each other. Grassland predominates the landscape, used by nomads as pastures for livestock breeding (yak, sheep and horses. Mobile animal husbandry and the marketing of the livestock products are decisive to guarantee the livelihood of the majority of the population.

  19. The Consequences of the Progress and Market Economy: Karl Polanyi's Reflections Applicable to Neoliberalism

    Directory of Open Access Journals (Sweden)

    Juliana Mongon Petroni

    2015-12-01

    Full Text Available As a consequence of the progress after the Industrial Revolution, the values of society, economy  and  politics  have  changed.  The  market economy  was  allowed,  generating  a catastrophic dislocation in people's lives. Polanyis "Satanic Mill" is the process that crunched men and turned then into mass. Social relations were inserted into the economic system and human society became an accessory of it. With the expansion and organization of global markets, the society had to protected itself against the risks of self-regulated market system. Although there are economic advantages in a free labor market, these do not justify the potential social destruction.  However, nowadays  the  idea  of  deregulation  to  allow competition and international competitiveness of goods. Our contemporary society has changed its values and the money was prioritized instead of human life. Today, men have become just a commodity. In fact, a fictitious commodity.

  20. International Education, the Formation of Capital and Graduate Employment: Chinese Accounting Graduates' Experiences of the Australian Labour Market

    Science.gov (United States)

    Blackmore, Jill; Gribble, Cate; Rahimi, Mark

    2017-01-01

    Since the late 1970s, international education has steadily gained in popularity in China. An emerging middle class seeks to strengthen its position in China's rapidly stratifying society under its socialist market economy with the shift from wealth creation for all to wealth concentration for a few. Previously, a foreign qualification was…

  1. Smallholder dairy sheep production and market channel development: An institutional perspective of rural Former Yugoslav Republic of Macedonia

    NARCIS (Netherlands)

    Voors, M.J.; Haese, D' M.F.C.

    2010-01-01

    The rural economy of the Former Yugoslav Republic of Macedonia has been adapting to new economic and political realities. Especially important for rural areas has been the breakdown of the socialist market structure in agriculture, which meant the demise of cooperative structures and farmers gaining

  2. The effect of education and economic growth in the labour market in transition economies - Case study for SEE countries

    Directory of Open Access Journals (Sweden)

    Majlinda Mazalliu

    2015-07-01

    Full Text Available In this research paper is analyzed labour market in transition economies with case study SEE countries and the main theoretical arguments for discussions are as following: the effects of education on labour market, improving labour market performance in SEE countries, structural reforms and economic policies for improving labour markets, relationship between level of education and growth on labour market. In methodology, the data is collected from international institutions and is calculated through STATA program. The main analyses include: descriptive statistic, multiple regression analysis and correlation matrix. The results of regression analysis and correlation matrix have shown that education has negative impact and negative correlation on labour market (labour market efficiency and labour market regulation. But, economic growth has shown positive impact and positive correlation on labour market (labour market efficiency and labour market regulation and all variables that are including in T-statistical analysis have shown non - significance on labour market.

  3. EVALUATION OF COMPETITIVE STRATEGIES OF COFFEE RETAILING IN ASPECT OF MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    Aslı ÖZTOPÇU

    2017-09-01

    Full Text Available Coffee retailers are trying to improve both their products and services and to increase their market share. Companies are both competing and developing different strategies such as issues production, R&D, business model, customers, and innovations. The aim of this study is to determine the competitive strategies in the coffee retailing aspect of the market economy. For this purpose, firstly, in this sector, the major competitors, suppliers, and customers were researched and the general structure of the sector was determined. Secondly, size of the global market, industry, and demand growth rate and the future status of the coffee retail industry were determined. Finally, the bargaining power of customers and suppliers of the sector were evaluated. According to the evaluation obtained, it was understood that coffee retailing is an attractive, large and dynamic sector. In the analysis according to the study of Porter’s five force model, important information was obtained for coffee retailing.

  4. Macro economy, stock market and oil prices. Do meaningful relationships exist among their cyclical fluctuations?

    International Nuclear Information System (INIS)

    Filis, George

    2010-01-01

    This paper examines the relationship among consumer price index, industrial production, stock market and oil prices in Greece. Initially we use a unified statistical framework (cointegration and VECM) to study the data in levels. We then employ a multivariate VAR model to examine the relationship among the cyclical components of our series. The period of the study is from 1996:1 to 2008:6. Findings suggest that oil prices and the stock market exercise a positive effect on the Greek CPI, in the long run. Cyclical components analysis suggests that oil prices exercise significant negative influence to the stock market. In addition, oil prices are negatively influencing CPI, at a significant level. However, we find no effect of oil prices on industrial production and CPI. Finally, no relationship can be documented between the industrial production and stock market for the Greek market. The findings of this study are of particular interest and importance to policy makers, financial managers, financial analysts and investors dealing with the Greek economy and the Greek stock market. (author)

  5. Bond markets and banking crises in emerging market economies: The role of institutions

    Directory of Open Access Journals (Sweden)

    Boukhatem Jamel

    2012-01-01

    Full Text Available This paper deals with the question of knowing if countries whose activity of financing is mainly bank based face crises more expensive than those where the bond markets are broader and more developed. The results of the empirical tests on a panel of emerging countries suggest that bank based financial systems are associated with crises slightly more expensive, whereas the relationship between the bond markets and the crises’ costs is fragile. Moreover, financial systems where bond markets play an important role are associated with a higher growth of the production, and this, independently of the presence or not of crises. The consideration of the combined effect of financial liberalization and institutional framework on the bond markets development shows the importance of the direction of the financial liberalization. We join in this case one of the most significant aspects of the “sequencing” theorized by McKinnon (1973. Finally, an effective prudential regulation tends to reduce significantly the probability of occurrence of banking crises.

  6. Scale and Scope Economies in the Global Advertising and Marketing Services Business

    OpenAIRE

    Alvin J. Silk; Ernst R. Berndt

    2003-01-01

    We assess size and scope-related economies in the global advertising and marketing services business. A translog cost function is employed wherein a firm's costs vary according to its scale and two dimensions of the scope of its operations. Parameters of the model are estimated via three stage least squares using annual data for 1989-2001 for an unbalanced panel consisting of the eight largest firms in this industry. A firm's total variable costs are affected by its scale, scope (mix of servi...

  7. The exchange rate managements in crisis-experienced emerging market economies after the 1990s

    OpenAIRE

    Taguchi, Hiroyuki

    2005-01-01

    This article examined the exchange rate managements in the crisis-experienced emerging market economies after the 1990s. First, we found that the exchange rate flexibility has increased from the pre-crisis period towards the post-crisis period under the “soft peg” regime. Second, we identified a structural change in the factors for determining a reference rate in exchange rate management from the pre-crisis period to the post-crisis period. Third, we found that East Asian countries, in their ...

  8. Global Market, Colonial Economies and Trade Corporations: The consulates at Guadalajara and Buenos Aires

    Directory of Open Access Journals (Sweden)

    Antonio Ibarra

    2013-04-01

    Full Text Available This paper seeks to examine the global organization of two Spanish American colonial spaces during the era of free trade: the Hispanic North and Rio de la Plata. By studying the consular records on foreign trade, included in the derecho de avería records, I analyse how their economies were integrated into the circulation of silver, slaves, and imports. Moreover, I explain the institutional development of their trade communities, favored by the body of consulates in the cities of Guadalajara and Buenos Aires, viewed as institutional instruments of corporate negotiation, market administration, and interest organization against a backdrop of trade globalization.

  9. A complex systems approach to constructing better models for managing financial markets and the economy

    Science.gov (United States)

    Farmer, J. Doyne; Gallegati, M.; Hommes, C.; Kirman, A.; Ormerod, P.; Cincotti, S.; Sanchez, A.; Helbing, D.

    2012-11-01

    We outline a vision for an ambitious program to understand the economy and financial markets as a complex evolving system of coupled networks of interacting agents. This is a completely different vision from that currently used in most economic models. This view implies new challenges and opportunities for policy and managing economic crises. The dynamics of such models inherently involve sudden and sometimes dramatic changes of state. Further, the tools and approaches we use emphasize the analysis of crises rather than of calm periods. In this they respond directly to the calls of Governors Bernanke and Trichet for new approaches to macroeconomic modelling.

  10. The causal dynamics between coal consumption and growth: Evidence from emerging market economies

    International Nuclear Information System (INIS)

    Apergis, Nicholas; Payne, James E.

    2010-01-01

    This study examines the relationship between coal consumption and economic growth for 15 emerging market economies within a multivariate panel framework over the period 1980-2006. The heterogeneous panel cointegration results indicate there is a long-run equilibrium relationship between real GDP, coal consumption, real gross fixed capital formation, and the labor force. While in the long-run both real gross fixed capital formation and the labor force have a significant positive impact on real GDP, coal consumption has a significant negative impact. The panel causality tests show bidirectional causality between coal consumption and economic growth in both the short- and long-run. (author)

  11. Perceived role of marketing activities in the context of transitional economy

    Directory of Open Access Journals (Sweden)

    Sigitas Urbonavičius

    2009-12-01

    Full Text Available The role and importance of various marketing activities within a company is a function of numerous internal and external factors, including those that are typical of transitional economies. These factors are integrated and shaped by managerial perceptions about their overall importance and suitability at a specific moment. Authors analyze opinions among managers of Lithuanian companies about the overall importance of the marketing function in their companies as well as about the importance of specific marketing activities. Special attention is paid to the specifics of managerial per ceptions and opinions during the period of economic uncertainty and recession. The research is based on a survey of 346 managers of primarily manufacturing and trading companies operating in Lithuania. The analysis showed a number of differences in the evaluation of the importance of marketing activities based on the characteristics of companies and their core strategic idea. The research revealed that the importance of pricing and communication activities is growing during a period of economic recession. It also confirmed the existence of a positive relationship between managerial evaluations of the importance of marketing activities and the growth of sales.

  12. Disruption in Banking in Emerging Market Economy: An Empirical Study of India

    Directory of Open Access Journals (Sweden)

    Reena Agrawal

    2017-12-01

    Full Text Available The present study was taken up to capture the ongoing disruptions in banking in the Indian economy. The objective of this research was to: (1 study the initiatives taken by Reserve Bank of India to stimulate the payment market, (2 explore the disruptions in the Indian payment space, (3 examine the digitization at banks in India and (4 identify the challenges faced by traditional Indian banks and (5 propose measures to cope with threats posed by non-bank players. The study found that as technology companies and other non-bank players have successfully penetrated into large customer segments by offering basic banking services, to the customers at their doorsteps and at their convenience; it is obligatory for the traditional banks to expand market outreach and enrich service quality via digital podia, strategic alliances and disruptive innovations, in case they wish to avoid the risk of being relegated to back-office utilities.

  13. BOP theory in an emerging market economy: India under the microscope

    Directory of Open Access Journals (Sweden)

    Gouher Ahmed

    2015-07-01

    Full Text Available Poverty is a universal phenomenon which does not go well with the progressive 21st century and hence the worldwide efforts to overcome the problem. At the beginning of the 21st century (2002, the late professor C.K. Prahalad had propounded a path breaking theory of poverty alleviation called the bottom of the pyramid business theory, which is not only making MNCs investments (FDI in underdeveloped countries and promoting their growth and employment generation and increase in incomes and thereby consumption and expenditure but also producing goods and services needed by the poor households at the bottom of the economic and business pyramid. The paper is devoted to the consideration of the theory in the emerging market economy of India where poverty is a biggest problem and the situation is not found significant for the BOP business. Can there be a market solution to it?

  14. Contagion of us subprime mortgage crisis to Colombian economy: measured by financial market data

    Directory of Open Access Journals (Sweden)

    Chu V. Nguyen

    2011-06-01

    Full Text Available The long-horizon event study methodology is used to document the severe impact of the US subprime mortgage crisis on the Colombian economy. The estimated parameter of a constantmean return model is used to derive the “abnormal return” on the market portfolios of Colombia over its selected event window. Analyses of the results reveal that the US subprime mortgage crisis negatively affected both the Colombian and the US equity markets almost identically in terms of cumulative percentage reductions and timing. Statistic testing results seem to support the qualitative observation. This phenomenon can be attributable to the recent multilateral and regional trade agreements that increase the flow of trade and foreign direct investment to Colombia.

  15. Labour Market Trends in Transition Economies with Emphasis on Gender Inequalities

    Directory of Open Access Journals (Sweden)

    Theranda Beqiri

    2016-08-01

    Full Text Available Main purpose of this research paper is to show the recent trends of labour market issues regarding gender inequality in the countries that are still in the transition to the market oriented economy. Transition to competition has effected in increasing the level of unemployment to economically active population, with the higher consequence for females than for males, from which some females have left labour market and they became inactive in job searching. In this paper we analyze and compare gender gaps through the main components of labour market trends as level of education, active participation in labour market, occupational segregation, employment and unemployment for both genders of the countries that are still in transition like Albania, FYR of Macedonia and Kosovo in comparison with EU countries. Given that closer are these countries in joining the EU; higher are the requirements for increasing the level of employment targets and in approving and implementing social policies on gender equality in labour market according to the EU legislations. Methodology used in this paper is through case studies by using secondary data from the most recent labour force surveys (LFS of transition countries in South East Europe and comparing them with the EU targets. Also regarding occupational segregation by gender the Duncan & Duncan Index is calculated. The study shows that depending on the stages that countries are in transition earlier or latter, the labour market components regarding gender are more comparable and closer with the targets of the EU countries, and that occupational segregation is higher in the transition countries where the unemployment level of females is in the higher range.

  16. Regularities of Formation of the Labour Reimbursement Institute in the Market Economy

    Directory of Open Access Journals (Sweden)

    Povoroznyuk Inna M.

    2013-11-01

    Full Text Available The article considers theoretical issues of formation of the labour reimbursement institute in the market economy. It proves that functioning of the labour reimbursement institute identifies proportions of distribution of the total amount of expenditures on labour reimbursement between different professional and qualification groups of workers. Also, functioning of the labour reimbursement institute significantly influences proportions of distribution of income between owners of the means of production and hired labour, although, to a big extent, this institute is adapted, on the one hand, to the existing in the society forms of resolution of contradictions, inherent in means of production ownership relations, and, on the other hand, to the situation in a relevant labour market segment. However, the labour reimbursement institute itself significantly influences realisation of interests of employees and employers. The article states that wages in the modern economy should be understood as an incomplete labour reimbursement – the entrepreneur spends on an employee not only the sum of wages, but also uses other forms of resource provision of the processes of acquisition of certain benefits by the enterprise employees.

  17. The Modeling of Competitive Positions of Enterprises of Real Sector of Economy in the Domestic Market

    Directory of Open Access Journals (Sweden)

    Kutsyk Valentuna A.

    2017-12-01

    Full Text Available Topicality of rational choice of methodical instrumentaqrium in assessing competitive positions of enterprises is substantiated. A wide list of methodical approaches to assessment of competitive positions of enterprises in market environment is presented, and the spheres of their practical application, general disadvantages and advantages, are characterized. The characteristics of matrix models (GE/McKinsey, SHELL/DPM, PIMS, BCG are presented on a selective basis, so that, proceeding from a wide range of models, supported by the proper information provision, they can be assigned as the exact ones. Given the lack of information provision, disadvantages, and advantages of existing models and considering it as a means of system management, the authors have proposed to use the map of the «portfolio of competitive advantages» in the form of a nine-celled model matrix (3x3 with two-dimensional system of coordinates. The proposed model of «competitiveness / share of the national market» is an expression of competitive position of enterprises of the real sector of economy taking into consideration dynamic influence of factors of competitive environment and, at the same time, a methodical means for substantiation of competitive strategy. However, an important step in choosing the basic variant of competitive strategy for an enterprise in the real sector of economy is to determine the functional objectives to its efficient implementation.

  18. Optimizing the structure of financial resources of industrial enterprises in the market economy mechanism

    Directory of Open Access Journals (Sweden)

    A. Vlasov

    2015-01-01

    Full Text Available The article deals with the optimization of the structure of financial resources of industrial enterprises in the market economy mechanism. The slowdown of the Russian economy force companies to promote more accurate system financial planning its activities. In modern economic conditions the company's performance is largely dependent on the ability of management to more accurately predict financial flows, as well as more accurately predict the financial and human resources to ensure solvency of the enterprise, thus more competent to form the strategy of development of the organization.Goal / task. The aim of the article the search for the optimal structure of financial resources of industrial enterprises in the market economy mechanism and to develop proposals for the sustainable development of the enterprise. The task of this article is to investigate the structure of financial resources of the enterprise, in a deteriorating economic situation that must be considered in the sustainable development of industrial enterprises.Methodology. In conducting this study the main sources of the original data were the materials of the state statistics, the works of famous economists. The basis of the methodological developments based on comparative methods of analysis.Results. Given the concept of optimizing the structure of financial resources of the industrial enterprises. It shows the influence of external and internal factors affecting the stability of the industrial enterprises. Highlighted the impact of the economic situation on the role of these factors.Conclusions / significance. In the current economic conditions of the state and the new economic realities, it is necessary to focus to industrial enterprises to conduct an effective economic policy, thereby improving the financial stability of the enterprise.

  19. Economic calculation in socialist countries

    NARCIS (Netherlands)

    Ellman, M.; Durlauf, S.N.; Blume, L.E.

    2008-01-01

    In the 1930s, when the classical socialist system emerged, economic decisions were based not on detailed and precise economic methods of calculation but on rough and ready political methods. An important method of economic calculation - particularly in the post-Stalin period - was that of

  20. Gli investimenti di portafoglio nelle economie di mercato emergenti:tendenze, dimensioni e problemi (Portfolio Investment in Emerging Market Economies: Trends, Dimensions and Issues

    Directory of Open Access Journals (Sweden)

    Dilip K. Das

    2012-04-01

    Full Text Available Securitised financial flows to emerging market economies have become an important feature of the global capital flows. The principal focus of this paper is on an in-depth analysis of current trends in securitised financial flows. It lays special emphasis on private portfolio equity investment into the emerging market economies. The paper begins with the analysis of the process of stimulation of these flows, and identifies the institutional, structural and non-cyclical factors behind them. One of the points it emphasises is the progressively important role of institutional investors, which is the causal factor behind a significant increase in the quantum of portfolio investment into the emerging market economies. These flows were adversely affected by the financial crises of the 1990s. The subject matter of this paper also includes two of the most important policy issues, namely, the "hot money and cold money" issue and the volatility issue.       JEL Codes: G11, O16, F32, P33Keywords: Capital Flows, Financial Flows, Portfolio

  1. Evidence of fueling of the 2000 new economy bubble by foreign capital inflow: implications for the future of the US economy and its stock market

    Science.gov (United States)

    Sornette, Didier; Zhou, Wei-Xing

    2004-02-01

    Previous analyses of a large ensemble of stock markets have demonstrated that a log-periodic power law (LPPL) behavior of the prices constitutes a qualifying signature of speculative bubbles that often land with a crash. We detect such a LPPL signature in the foreign capital inflow during the bubble on the US markets culminating in March 2000. We detect a weak synchronization and lag with the NASDAQ LPPL pattern. We propose to rationalize these observations by the existence of positive feedback loops between market-appreciation/increased-spending/increased-deficit-of-balance-of-payment/larger-foreign-surplus/increased-foreign-capital-inflows and so on. Our analysis suggests that foreign capital inflow has been following rather than causing the bubble. We then combine a macroeconomic analysis of feedback processes occurring between the economy and the stock market with a technical analysis of more than 200 years of the DJIA to investigate possible scenarios for the future, three years after the end of the bubble and deep into a bearish regime. We conclude that the low interest rates and depreciating dollar are the indispensable ingredients for a lower sustainable burden of the global US debt structure and for allowing the slow rebuilding of an internationally competitive economy. This will probably be accompanied by a weak stock market on the medium term as the growing Federal deficit is consuming a large part of the foreign surplus dollars and the stock market is remaining a very risky and unattractive investment. Notwithstanding strong surge of liquidity in recent months orchestrated by the Federal Reserve, this macroeconomic analysis which incorporates an element of collective behavior is in line with our recent analyses of the bearish market that started in 2000 in terms of a LPPL “anti-bubble”. We project this LPPL anti-bubble to continue at least for another year. On the short term, increased availability of liquidity (M1) and self-fulfilling bullish

  2. Pension risk management in a developing economy:lessons from the nigerian capital market

    Directory of Open Access Journals (Sweden)

    Onafalujo Akin k.

    2010-12-01

    Full Text Available The killer risk in any pension scheme is the failure of pension asset sufficiency to meet the promised benefits to retirees. A Pension Risk Management aims at ex ante arrangement to protect retirees’ standard of living. Nigeria introduced pension reforms in 2004 fatefully at the same time when extensive reforms were made in the banking sector. Prior to the Act being passed, there was a major proposition that pension funds should not be invested in Nigerian capital market. This paper reviews pension risks of the new DCS (Defined Contributory Scheme and the implications of investing pension fund in the capital market of a developing economy. A trend analysis was performed on market index and capitalization and a simulated pension asset was subjected to pension risks. Despite the asset allocation guideline on investments by the Pension Commission, there is certainly uncertainty concerning guaranteeing pension payments in future due to unmanaged pension risks. This paper suggests investment policy should accompany a DCS based on the risk appetite of workers, minimum guarantee of returns on investment of pension assets and a range of interest rates for actuarially determined annuities. Further studies may examine wither PFAs should operate as closed end or open end mutual funds.

  3. The Wolf and the Caribou: Coexistence of Decentralized Economies and Competitive Markets

    Directory of Open Access Journals (Sweden)

    Andreas Freund

    2018-05-01

    Full Text Available Starting with BitTorrent and then Bitcoin, decentralized technologies have been on the rise over the last 15+ years, gaining significant momentum in the last 2+ years with the advent of platform ecosystems such as the Blockchain platform Ethereum. New projects have evolved from decentralized games to marketplaces to open funding models to decentralized autonomous organizations. The hype around cryptocurrency and the valuation of innovative projects drove the market cap of cryptocurrencies to over a trillion dollars at one point in 2017. These high valued technologies are now enabling something new: globally scaled and decentralized business models. Despite their valuation and the hype, these new business ecosystems are frail. This is not only because the underlying technology is rapidly evolving, but also because competitive markets see a profit opportunity in exponential cryptocurrency returns. This extracts value from these ecosystems, which could lead to their collapse, if unchecked. In this paper, we explore novel ways for decentralized economies to protect themselves from, and coexist with, competitive markets at a global scale utilizing decentralized technologies such as Blockchain.

  4. The Impact of Syrian Refugees on the Turkish Economy: Regional Labour Market Effects

    Directory of Open Access Journals (Sweden)

    Oğuz Esen

    2017-10-01

    Full Text Available The Syrian civil war resulted in mass migration out of Syria into the neighboring countries. Turkey has received the greatest number of refugees from Syria. The Syrian refugees mostly initially settled in refugee camps in Southeastern Turkey. As the Syrian conflict intensified and lengthened, the number of Syrian refugees in Turkey increased and the Syrian population started to reside in the neighboring provinces and started to have important effects on the local economy. In 2016, Syrian refugees were allowed to receive work permits and they became more dispersed geographically. This paper investigates the impact of Syrian refugees on regional labour markets. Panel data for the years 2004 through 2016 is utilized for 26 regions in Turkey. Syrian refugees are found to increase unemployment and decrease informal and formal employment.

  5. Impact of Foreign Direct Investments on Unemployment in Emerging Market Economies: A Co-integration Analysis

    Directory of Open Access Journals (Sweden)

    Yilmaz Bayar

    2017-09-01

    Full Text Available Purpose: The goal of the paper is to investigate the long run effect of both foreign direct investments and domestic investments on the unemployment in 21 emerging economies over the period 1994-2014. Design/methodology/approach: The effect of domestic and foreign direct investments on unemployment was investigated via panel data analysis. First tests of cross-section dependence and homogeneity were conducted, and then the stationarity of the series was analyzed with Pesaran's (2007 CIPS unit root test. The long run relationship among the series was examined with Westerlund-Durbin-Hausman's (2008 co -integration test. Finally, we estimated the long run coefficients with the Augmented Mean Group (AMG estimator. Findings: The empirical findings revealed a co-integrating relationship among domestic investments, foreign direct investments, and unemployment. Furthermore, foreign direct investment inflows affected the unemployment positively in the long term, but domestic investments affected the unemployment negatively. Originality/value: This study can be considered as one of the early studies researching the long run interaction between domestic investments, foreign direct investments and unemployment for the sample of emerging market economies. Furthermore, the findings are very meaningful for policymakers in the design the economic policies for decreasing unemployment.

  6. Post-socialist Informalities

    DEFF Research Database (Denmark)

    to understand and explain informality, while also debating its relationship with the market and society. The authors seek to explain informality beyond a mere monetaristic/economistic approach, rediscovering its interconnection with social phenomena to propose a more holistic interpretation of the meaning...

  7. Evaluation of the socialist health policy in Greece.

    Science.gov (United States)

    Tsalikis, G

    1988-01-01

    Following seven years of military rule and seven years of "democratic restoration" under the Right, Greece is now sailing under the flag of the Panhellenic Socialist Movement (PASOK). The Movement was inspired by the ideals of participatory democracy and socialization of the economy and of social services. A central part of socialist planning brought about the National Health System Act (1983) and related legislation intended to universalize health care, remove disparities, and restrict the private sector. It is argued here that the implementation of PASOK's statutory reforms in this field, as in others, will be subject to its ability to transform traditional patterns of production and consumption. As is now increasingly understood, it is hard to plan for socialism on the basis of wants provisions and patterns of consumption established under capitalism.

  8. The regulated energy economy versus the free energy market - The West German experience

    International Nuclear Information System (INIS)

    Liesen, K.; Schwarz, H.O.

    1989-09-01

    The overall good performance of the West German energy industry in terms of energy policy objectives such as security of supplies, competitiveness, efficient use of energy and environmental protection, is attributable to an energy policy based on the principles of the market economy and steady application of these same principles. Today, though, a debate, at times controversial, on whether more market influence or more government intervention is required is underway in West Germany; in view of the successes of energy policy and the balance struck between free enterprise and the government in the past, this debate has met with little understanding in some quarters. It is generally agreed, though, that the quality of the challenges energy policy and the energy industry in West Germany will confront in the future will remain essentially unchanged. West German energy policy will have to deal with: reestablishing a consensus on coal and nuclear power policy; achieving a high standard of environmental protection in the European Communities, and strengthening the position of the energy industry as efforts are made to get moves underway to create a single European market for energy underway. No fundamental change in the course of energy policy in the Federal Republic of Germany is needed to solve current energy policy issues or to preserve the underlying goals of this policy. An energy policy which continues to give priority where possible to market mechanisms as a means of adjustment and provides energy suppliers and users with a stable and reliable framework in which to operate, offers the best promise for meeting the challenges of the future. (author). 2 figs

  9. The failure of introducing market institution in a rent sector into an economy in transition

    International Nuclear Information System (INIS)

    Locatelli, C.; Finon, D.

    2003-07-01

    Privatisation is at the heart of the structural reforms for economies in transition. In theory, the main aim of privatisation is to change the structures of corporate governance in order to improve the efficiency of the enterprises and to assure their long-term future in a competitive environment. The adoption of formal market institutions would be sufficient to secure the new property rights, in particular because the new holders of the rights to control assets would have a great incentive to encourage the definition of new judicial rules that would guarantee their rights of ownership. In Russia that did not happen. The paper discusses the narrowed vision of institutional change, without consideration of the previous environment of formal and informal institutions, and the need to put together the institutional infrastructure that is needed for the market institutions to function. It offers explanations of the 'unexpected' results of the reforms in a capital-intensive natural resource industry, namely the hydrocarbons industry characterized by the opportunity of rent extraction by the exportation. It demonstrates right holders' interest for the weakness of the 'rule of law'. It demonstrates that the incompatibility of these institutions with the initial informal and formal institutions has led to adaptations that are strongly path-dependent, under the need to preserve a minimum of inter-industrial coherence. (authors)

  10. INFORMATION – A VALUABLE ELEMENT IN THE MANAGEMENT SYSTEM OF THE MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    Ion SARBU

    2015-12-01

    Full Text Available News. The globalization process has been accelerated by the explosion of information technologies entering into the work of social, production and education enterprises. Thus, in terms of systemic approach, the company is not a production of goods or services tailored to market requirements, but is equally an information unit producing knowledge. Purpose. The fundamental feature of these processes is applied once that the primary element of information processing is generated always in the information system, the information processed and interpreted in its final form as a resource of the management system. Methods. The article exposed the theoretical and methodological organization of information system of market relations and the role of information as a valuable element of business processes. Results. In the modern knowledge-based economy, increasing information needs at all levels of economic units that generate the emergence of new information products, enhancement of the productive resource and service information and transporting it by modern computerized channels.Information as a productive resource and service as the raw material for creating an active instrument of scientific management and virtual education in Moldova.

  11. The failure of introducing market institution in a rent sector into an economy in transition

    Energy Technology Data Exchange (ETDEWEB)

    Locatelli, C.; Finon, D

    2003-07-01

    Privatisation is at the heart of the structural reforms for economies in transition. In theory, the main aim of privatisation is to change the structures of corporate governance in order to improve the efficiency of the enterprises and to assure their long-term future in a competitive environment. The adoption of formal market institutions would be sufficient to secure the new property rights, in particular because the new holders of the rights to control assets would have a great incentive to encourage the definition of new judicial rules that would guarantee their rights of ownership. In Russia that did not happen. The paper discusses the narrowed vision of institutional change, without consideration of the previous environment of formal and informal institutions, and the need to put together the institutional infrastructure that is needed for the market institutions to function. It offers explanations of the 'unexpected' results of the reforms in a capital-intensive natural resource industry, namely the hydrocarbons industry characterized by the opportunity of rent extraction by the exportation. It demonstrates right holders' interest for the weakness of the 'rule of law'. It demonstrates that the incompatibility of these institutions with the initial informal and formal institutions has led to adaptations that are strongly path-dependent, under the need to preserve a minimum of inter-industrial coherence. (authors)

  12. E-Commerce as an instrument of governing SMEs’ marketing strategy in an emerging economy

    Directory of Open Access Journals (Sweden)

    Lawrence Mpele Lekhanya

    2016-11-01

    Full Text Available The purpose of this paper is to report on the use of e-commerce an instrument of governing SMEs’ marketing strategy in an emerging economy. The study aimed to assess and critically discuss various factors influencing the use of e-commerce as an instrument of governing SMEs marketing strategy and identify the extent to which SMEs owners/managers perceived e-commerce to be important to their businesses survival and growth. A mixed method approach allowed for qualitative and quantitative techniques in collecting data from targeted respondents, with primary collected from rural areas of an emerging country. The research instrument consisted of closed-ended questionnaires made up of 5-point Likert scale responses were distributed to each respondent. The research findings indicate that most respondents believed that the use of e-commerce is motivated by the cost saving and other financial factors in the form of benefits for the customer. In addition, large number of respondents disagreed that the use of e-Commerce has changed their consumer buying behaviour. The paper’s benefit will be to the owners/managers SMEs as well as policy makers and financial agencies for SMEs

  13. Knowledge, Skills, and Abilities for the Market Economy: An Investigation of Student Perceptions before and after China's WTO Entry

    Science.gov (United States)

    Stivers, Bonnie P.; Veliyath, Raj; Joyce, Teresa; Adams, Janet S.

    2010-01-01

    This exploratory study conducted in the People's Republic of China sought to determine the managerial knowledge, skills, and abilities (KSAs) that are perceived as important for the Chinese market economy. Questionnaire responses were collected from 145 business students in 2001 (before China's WTO entry) and 141 business students in 2006 (after…

  14. Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands

    NARCIS (Netherlands)

    Dobbelaere, S.; Kiyota, K.; Mairesse, M.

    2012-01-01

    Allowing for three labor market settings, this paper relies on an extension of Hall's econometric framework for simultaneously estimating price-cost mark-ups and scale economies. Using an unbalanced panel of 17,653 firms over the period 1986-2001 in France, 8,725 firms over the period 1994-2006 in

  15. EVOLUTION OF ECONOMY AND ITS IMPACT ON INSURANCE MARKET – A STATISTICAL ANALYSIS

    Directory of Open Access Journals (Sweden)

    Sandra TEODORESCU

    2015-07-01

    Full Text Available The economic context has a strong impact on the insurance sector. On the one hand, the decisions related to sector regulation could influence the life of the insurance companies. On the other hand, taxes and other measures that may affect purchasing power, economic instability represent a threat. It is a fact that insurances are products that customers and companies access them when economic conditions are predictable and budgets could be accurately predicted. The paper mainly analyzes in terms of indicators, the impact of the economy on the insurance sector. We are talking about the interrelationships between Gross Written Premiums (the insurance "Budget" and some macroeconomic indicators characterizing the Romanian economy, such as Gross Domestic Product, net average earnings, the average number of employees etc. Statistical analysis is performed for a 12-year period during 2002-2013. This analysis is based on official statistics published by the National Institute of Statistics, the National Forecasting Commission and the National Bank of Romania. The methodology consists of correlation and regression analysis. Of the variables used in the study we mention: Gross Domestic Product, the number of employees, employment, net average earnings, the activity rate of the working age population (15-64 years, non-governmental domestic credit. The analysis of correlation between the studied variables reveals that is a strong correlation between Gross Written Premiums and GDP, the number of employees, average earnings and non-government domestic credit.. Thus, economic growth, rising incomes, the increasing number of employees and facilitating credit conditions could be some elements that would lead to sustainable growth of the insurance market.

  16. 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...

  17. The Czech labour market after the crisis of a real economy: negative development or return to steady-state?

    Directory of Open Access Journals (Sweden)

    Pavel Tuleja

    2011-01-01

    Full Text Available This paper studies the Czech economy before, during and after the economic crisis. Consequences on the labour market, respectively on unemployment are also discussed in the paper. According to most economists the cause of the economic crisis was the financial crisis which was triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the “bail out” of banks by national governments and downturns in stock markets around the world. Real gross domestic product decreased in almost all EU countries including the Czech economy. Massive drop of gross domestic product led to increase in the unemployment rate. The purpose of this paper is to contribute to discussion about consequences of this crisis. The paper provides also an analysis of gross domestic product and its components. The empirical analysis also tried to answer the question if it is more a return to steady–state than the deterioration of economic performance in the case of the Czech economy. In other words, it means that economic performance of the Czech economy was above the level of potential output. Research in this study is based on basic macroeconomic quarterly data between the years 2000 and 2010 which were published by the Czech Statistical Office and Eurostat. We found out that the Czech labour market had to cope with the consequences of the economic crisis and now it is going to reach a long-term equilibrium.

  18. [Conflicting values in Colombia's health system: balancing the market economy and constitutional legislation, 2007-2009].

    Science.gov (United States)

    Molina, Gloria; Ramírez, Andrés

    2013-04-01

    To present the conflicting moral issues that arise in clinical and administrative decision-making processes in Colombia's General Health Social Security System (SGSSS). A study was conducted between 2007 and 2009 in six Colombian cities (Barranquilla, Bogotá, Bucaramanga, Leticia, Medellín, and Pasto) using a theory-based qualitative methodology. A total of 179 in-depth interviews were held with physicians, nursing personnel, and administrators with broad experience in the health sector, as well as 10 focus groups representing users and leaders of community organizations involved in health. The interviews, which followed a predetermined script and used semistructured questions, gathered personal and professional information from the respondents. The health care decision-making process in Colombia is seen from two different moral perspectives: the rentier, or profit-making, motive, characterized by a neoliberal view of the market economy (the practical perspective), and the constitutional axiology of social democracy (the regulatory perspective). It was found that the utilitarian and individualistic motive predominates, in which individual and business profits are promoted over the collective interest, and this trend favors practices that undermine the rights of people and the community. Predominance of a morality that views the Colombian SGSSS in terms of the market model generates conditions that go against the principles and values that are supposed to guide the health system as guarantor of the right to health and human dignity. Health decisions should take into account not only technical and scientific criteria but also the principles and values involved, and consideration should be given to safeguarding them.

  19. STEM employment in the new economy: A labor market segmentation approach

    Science.gov (United States)

    Torres-Olave, Blanca M.

    The present study examined the extent to which the U.S. STEM labor market is stratified in terms of quality of employment. Through a series of cluster analyses and Chi-square tests on data drawn from the 2008 Survey of Income Program Participation (SIPP), the study found evidence of segmentation in the highly-skilled STEM and non-STEM samples, which included workers with a subbaccalaureate diploma or above. The cluster analyses show a pattern consistent with Labor Market Segmentation theory: Higher wages are associated with other primary employment characteristics, including health insurance and pension benefits, as well as full-time employment. In turn, lower wages showed a tendency to cluster with secondary employment characteristics, such as part-time employment, multiple employment, and restricted access to health insurance and pension benefits. The findings also suggest that women have a higher likelihood of being employed in STEM jobs with secondary characteristics. The findings reveal a far more variegated employment landscape than is usually presented in national reports of the STEM workforce. There is evidence that, while STEM employment may be more resilient than non-STEM employment to labor restructuring trends in the new economy, the former is far from immune to secondary labor characteristics. There is a need for ongoing dialogue between STEM education (at all levels), employers, policymakers, and other stakeholders to truly understand not only the barriers to equity in employment relations, but also the mechanisms that create and maintain segmentation and how they may impact women, underrepresented minorities, and the foreign-born.

  20. The Impact of the Great Recession on Monetary and Fiscal Policy in Developed Market Economies

    Directory of Open Access Journals (Sweden)

    Šehović Damir

    2015-03-01

    Full Text Available Background: With the occurrence of the crisis in 2007, which caused the largest economic contraction since the Great Depression in the thirties, it has become evident that the previous understanding of strategies, effects and roles of monetary and fiscal policy should be redefined. Objectives: The aim of this paper is to illustrate a possible expected change in monetary and fiscal policy in developed market economies that could occur as a consequence of the Great Recession. Methods/Approach: The paper provides a comparative analysis of various primary economic variables related to the developed OECD countries, as well as the empirical testing of the selected theoretical assumptions. Results: The changes in monetary policy refer to the question of raising target inflation, considering a possible use of aggregate price level targeting and paying attention to the role of central banks in suppressing the formation of an asset bubble. The success of fiscal policy in attaining stabilization depends on the size of possible fiscal measures and creation of automatic stabilizers. Conclusions: For the most part, monetary and fiscal policies will still stay unchanged, although some segments of these policies need to be improved.

  1. Correlations between energy economy and housing market prices in the EU-impacts on future sustainability

    Directory of Open Access Journals (Sweden)

    Maassen Maria Alexandra

    2017-07-01

    Full Text Available The global economic system is facing multiple challenges in terms of social development, technology and innovation, as well as sustainability needs. As a result, the value of existing assets is changing globally depending on the scarcity, necessity and effects on the business field leading to increased prices of traditional sources of energy and increased competition in the economic field. Thus, the EU energy market has progressed in reducing its dependence on external energy sourcing, by increasing production of renewable energy, such as wind or solar, as well as by further integration of the electric grid. Based on the Pearson coefficient this article intends to research the correlations between the economic, energy and house prices in recent years and the future possible impacts depending on their evolution. For example, gas prices in the past decade increasing household costs in most countries due to the dependence on third parties for energy, lead to the need of increasing the share of renewable energy in total energy consumption, which have consequently decreased electricity prices since 2008. However, this development has still not solved the additional costs issue of households due to the new technologies implemented although wind and solar energy receive in general low margins. Such energy issues, as well as the increased housing prices after the financial crisis in 2008 have caused on their own an additional burden on the economy and households spending income in the next years following.

  2. Health professionals' migration in emerging market economies: patterns, causes and possible solutions.

    Science.gov (United States)

    Nair, Manisha; Webster, Premila

    2013-03-01

    About a third of the countries affected by shortage of human resources for health are the emerging market economies (EMEs). The greatest shortage in absolute terms was found to be in India and Indonesia leading to health system crisis. This review identifies the patterns of migration of health workers, causes and possible solutions in these EMEs. A qualitative synthesis approach based on the 'critical review' and 'realist review' approaches to the literature review was used. The patterns of migration of health professionals' in the EMEs have led to two types of discrepancies between health needs and healthcare workers: (i) within country (rural-urban, public-private or government healthcare sector-private sector) and (ii) across countries (south to north). Factors that influence migration include lack of employment opportunities, appropriate work environment and wages in EMEs, growing demand in high-income countries due to demographic transition, favourable country policies for financial remittances by migrant workers and medical education system of EMEs. A range of successful national and international initiatives to address health workforce migration were identified. Measures to control migration should be country specific and designed in accordance with the push and pull factors existing in the EMEs.

  3. Carbon markets and low-carbon investment in emerging economies: A synthesis of parallel workshops in Brazil and India

    International Nuclear Information System (INIS)

    Hultman, Nathan E.; Pulver, Simone; Pacca, Sergio; Saran, Samir; Powell, Lydia; Romeiro, Viviane; Benney, Tabitha

    2011-01-01

    While policy experiments targeted at energy and innovation transitions have not been deployed consistently across all countries, market mechanisms such as carbon pricing have been tested over the past decade in disparate development contexts, and therefore provide some opportunities for analysis. This brief communication reports on two parallel workshops recently held in Sao Paulo, Brazil and New Delhi, India to address questions of how well these carbon pricing policies have worked in affecting corporate decisions to invest in low-carbon technology. Convening practitioners and scholars from multiple countries, the workshops elicited participants' perspectives on business investment decisions under international carbon markets in emerging economies across multiple energy-intensive sectors. We review the resulting perspectives on low-carbon policies and present guidance on a research agenda that could clarify how international and national policies could help encourage both energy transitions and energy innovations in emerging economies.

  4. Research document no. 19. The transposition conditions of the market institutions in transition economies (Russia). The energy case

    International Nuclear Information System (INIS)

    Locatelli, C.

    2000-07-01

    The majority of the institutions of the market economy exist today in Russia but they do not take on with the russian economic framework. One assists in fact with particular appropriation modes of these institutions, defining behaviors directed by logics of survival. To analyze the situation, the author presents the standard approaches of the economic transition in the case of the energy in russia and the institutional and organization models failure. (A.L.B.)

  5. Women and labor market changes in the global economy : growth helps, inequalities hurt, and public policy matters

    OpenAIRE

    Tzannatos, Zafiris

    1998-01-01

    This report examines the level and changes in female and male participation rates, employment segregation, and female wages relative to male wages across the world economy. It funds sufficient evidence to support the view that labor markets in developing countries are transformed relatively quickly in the sense that gender differentials in employment and pay are narrowing much faster than they did in industrialized countries. However, the report evaluates the inefficiencies arising from persi...

  6. CONCEPTUALIZATION OF THE CONCEPT INSTITUTE OF THE MARKET OF INSURANCE SERVICES BASED ON THE NEO-CLASSIC ECONOMY

    Directory of Open Access Journals (Sweden)

    Yurii Klapkiv

    2017-08-01

    Full Text Available The article explores the issues related to the institutional and financial infrastructure based on the scientific achievements of the neoclassical economy. The specific features of the concept of "institutionalization" are substantiated. The initial interpretation of the interpretation of institutions is revealed. Conceptual approaches to the study of the concept of “institutionalization” and “institute” in the insurance services market are defined. The attention to the galaxy values provided by the notion of an institution or organization. Key words: institutionalization, institute, organization, market of insurance services, insurance culture.

  7. Economy or chrematistics: Serbian case

    Directory of Open Access Journals (Sweden)

    Anđelković Petar M.

    2015-01-01

    Full Text Available The nations are worth as much as it is worth their economies. In today's global world, people gain or lose independence primarily by how successful their economy is . Of course, freedom and independence of a people is defended in all fields, but the economic success is the key to success to all the rest. A society that is for us and the former socialist countries, termed transition, represents a return to predatory capitalism and the way in hypocritical, orchestrated democracy; it is now the world of lasting evil and bigger injustice that undermine the state and relentlessly pushing them into ,,peripheral capitalism' (Ljubisa Mitrovic. The word 'economy' is of Greek origin and translated into our language it means' skill of housekeeping (economy'. What we habitually continue to call economy in the world today and in Serbia, we can not call the skill of keeping. The term 'economy' has long been superseded, in his place is the term 'chrematistics' also a word of Greek origin that means inserted enrichment. This term in use is introduced by Aristotle. This ancient philosopher emphasized that the economy and chrematistics are antipodes and that chrematistics destructive to society. By its nature, it leads to the destruction of the economy. Practically, it can be called 'destroyers skill of keeping the economy.' Today in the world and Serbia do not have the economy, we have chrematistics (speculation on commodity markets , pyramid schemes, the development of the securities market , games on the stock market ... . Chrematistics the trick word, and that's why we can replace it with the term 'casino-economy.' A new form of monarchy, which is expressed as a new imperialism, is not based on ' cunning mind' (Hegel and the 'spirit of the law' ( Montesquieu , but the 'cunning of the economy', which is dominated by raw (Hobbes laws of the market and where the economy becomes policies. Figure of societies of Eastern Europe, where the neoliberal social

  8. DEVELOPMENT OF E-COMMERCE IN WORLD AND TURKEY AND THE IMPACTS OF MARKETING STRATEGIES IN E-COMMERCE ON TURKEY’S ECONOMY

    OpenAIRE

    Terzi, Nuray; Gokce, Cemre

    2017-01-01

    The aim of this study is to investigate thedevelopment of e-commerce and the impact of marketing strategies in e-commerceon economy. Economic indicators is used and and questionnaire method is appliedto analyze the development of e-commerce and the impact of marketing strategiesin e-commerce on economy. Results show that e-commerce is gaining a momentum inthe world and Turkey as well, and e-marketing strategies are positively relatedon economy, both macroeconomic and microeconomic. E-commerce...

  9. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    International Nuclear Information System (INIS)

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B.

    2003-01-01

    There is a consistent pre-occupation in the research literature on emissions trading with what configurations of trading arrangements are likely to be economically efficient both statically and dynamically, and - to a lesser extent - what is likely to be fair - who are the winners and the losers. Issues of environmental effectiveness are also addressed in this context. Conversely, amongst the policy practitioners, there is little overt interest in economic efficiency, and not much treatment of fairness. There is a strong interest in implementability, and in environmental effectiveness. The presentations at the workshops reflected these parallel pre-occupations, and attempts were made by some to make a bridge between them. In this paper we review some of the papers and associated other literature that address these issues in political economy, with a particular emphasis on insights emerging as regards competitiveness, co-operation and market power. Much of the relevant research emerging at the workshops was animated by either ex post analysis of existing programmes, or an ex ante analysis of 'new' emissions trading proposals, such as the proposal by the European Commission for a European Union (EU) wide scheme. At our first workshop in Venice, in December 2001, Zapfel and Vainio (2001) presented a paper - 'Pathways to European Greenhouse Gas Emission Trading' - which mapped the at times surprising evolution of the emissions trading idea in Europe, the misconceptions that in the past and still to this day complicate progress, and conclude with a presentation of a coherent case for the creation of an EU wide greenhouse gas emissions trading scheme. They both work with the European Commission in DG Environment, and continue to be heavily involved in moving the emissions trading agenda forward. The Commission had released its proposals just two months earlier, in October 2001, following an intensive consultation process. This co-incidence of occurrence of the initiation

  10. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    Energy Technology Data Exchange (ETDEWEB)

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B. [Department of Environmental Studies, University College, Dublin (Ireland)

    2003-07-01

    There is a consistent pre-occupation in the research literature on emissions trading with what configurations of trading arrangements are likely to be economically efficient both statically and dynamically, and - to a lesser extent - what is likely to be fair - who are the winners and the losers. Issues of environmental effectiveness are also addressed in this context. Conversely, amongst the policy practitioners, there is little overt interest in economic efficiency, and not much treatment of fairness. There is a strong interest in implementability, and in environmental effectiveness. The presentations at the workshops reflected these parallel pre-occupations, and attempts were made by some to make a bridge between them. In this paper we review some of the papers and associated other literature that address these issues in political economy, with a particular emphasis on insights emerging as regards competitiveness, co-operation and market power. Much of the relevant research emerging at the workshops was animated by either ex post analysis of existing programmes, or an ex ante analysis of 'new' emissions trading proposals, such as the proposal by the European Commission for a European Union (EU) wide scheme. At our first workshop in Venice, in December 2001, Zapfel and Vainio (2001) presented a paper - 'Pathways to European Greenhouse Gas Emission Trading' - which mapped the at times surprising evolution of the emissions trading idea in Europe, the misconceptions that in the past and still to this day complicate progress, and conclude with a presentation of a coherent case for the creation of an EU wide greenhouse gas emissions trading scheme. They both work with the European Commission in DG Environment, and continue to be heavily involved in moving the emissions trading agenda forward. The Commission had released its proposals just two months earlier, in October 2001, following an intensive consultation process. This co-incidence of

  11. Economies of scale and scope in banking : Effects of government intervention, corporate strategy and market power

    NARCIS (Netherlands)

    Dijkstra, M.A.

    2017-01-01

    The financial crisis and ensuing policy responses have made the question of economies of scale and scope in the banking sector as topical as ever. This dissertation estimates economies of scale and scope in the banking sector and discusses the role of government intervention, corporate strategy and

  12. Academic Capitalism and the New Economy: Markets, State, and Higher Education

    Science.gov (United States)

    Slaughter, Sheila; Rhoades, Gary

    2009-01-01

    As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In "Academic Capitalism and the New Economy," higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive…

  13. The emerging "fans economy" marketing mode in digital consuming products industry in China

    OpenAIRE

    Wu, Chao

    2015-01-01

    The purpose of this thesis was to identify the new marketing mode in the consuming products industry and to discuss its feasibility to apply the emerging marketing mode into other industries or countries. The new marketing mode is called the “Fans economy” marketing mode. The objectives of the thesis are comparing the new marketing mode with the traditional one rather than challenging it, so that the thesis can make the analysis about the advantages and the disadvantages of the new marketing ...

  14. Institutional Premises of Social Partnership Between Managers and Employees Under the Conditions of Socially-oriented Market Economy of the Federal Republic of Germany

    Directory of Open Access Journals (Sweden)

    M A Marinova

    2008-12-01

    Full Text Available The article considers basic principles of socially-oriented economy according to L. Erhard's model applied in Germany after World War II. It provides the analysis of their advantages and disadvantages, outlines the main subjects of economic relations and specifies the ways to implement the principles of socially-oriented market economy.

  15. Anti-cyclic regulation of the Ukrainian economy under current conditions of the international markets volatility

    Directory of Open Access Journals (Sweden)

    Volodymyr Satsyk

    2009-04-01

    Full Text Available In the article there are considered the theoretical and methodological basis of anti-cyclic regulation of the countries’ economy under conditions of the world economy globalization. It suggests the analysis of practices of implementing of anti-cyclic policy in highly developed states, its defining features and directions under current global financial and economic crisis. There has been researched a practical toolkit of economic cycles diagnostics and cyclic fluctuations of total business activity in Ukraine based on this study. There are suggested recommendations concerning the formation of the effective mechanism of anti-cyclic regulation of the Ukrainian economy.

  16. Introduction. Socialist Culture and Modernity

    Directory of Open Access Journals (Sweden)

    Joes Segal

    2014-11-01

    Full Text Available From October 6th to 11th, 2013, the MS Gretha van Holland brought twenty-four conference participants from Berlin to Beeskow, Eisenhüttenstadt, Frankfurt/Oder and back to Berlin. The aim of this on-board boat conference, organised by Art Archive Beeskow and Utrecht University in collaboration with Marlene Heidel, Claudia Jansen and Ursula Lücke, was to cross borders – national and disciplinary – by connecting parallel and divergent European histories of the Cold War period, both on a conceptual and on a practical level. A selected group of historians, art historians, architectural historians, cultural anthropologists and visual artists discussed the various ways in which socialist cultural history has been presented over the past decades and put new perspectives to the test. This conference has resulted in the present issue of HCM.

  17. City tourism and the sharing economy – potential effects of online peer-to-peer marketplaces on urban property markets

    Directory of Open Access Journals (Sweden)

    Stefan Brauckmann

    2017-09-01

    Full Text Available Purpose – The purpose of this paper is to investigate the potential effects of the so-called sharing economy on growing city tourism as well as on urban property markets. Design/methodology/approach – Official statistical data and a geo-information system (GIS are used on a small scale in order to identify concentration processes among overnight visitors and the potential concomitant conflicts with other interest groups. Findings – Currently, the effects of the sharing economy on housing markets and city tourism are barely measurable and are limited to a few central locations. However, a growing demand can be discerned in housing-like accommodation concepts which can be operated via booking platforms. As there is likely to be strong future growth in this area, continuous market observation (monitoring is urgently advised. Research limitations/implications – Official statistics only allow an analysis of overnight guests staying with larger accommodation providers. Booking platforms for holiday homes and other temporary accommodation options have such little interest in data transparency that the overall phenomenon of city tourism can be addressed only in part. Practical implications – Associating various data within the GIS enables municipal administrators and urban planners to identify potential sources of conflict within the property markets in good time and effectively counteract these where possible. Social implications – Increases in property prices directly attributable to growing city tourism may lead to the displacement of less financially secure members of the established population as well as businesses. Originality/value – The sharing economy is a relatively new research topic which will become increasingly important in future. The identification of potential sources of conflict due to tourist accommodation has therefore not yet been comprehensively carried out on a small scale.

  18. When does fdi have positive spillovers? Evidence from 17 emerging market economies

    Czech Academy of Sciences Publication Activity Database

    Gorodnichenko, Y.; Švejnar, Jan; Terrell, D.

    -, č. 58 (2007), s. 1-53 ISSN N Institutional research plan: CEZ:AV0Z70850503 Keywords : foreign direct investment * spillovers * transition economies * efficiency Subject RIV: AH - Economics http://hdl.handle.net/2027.42/57179

  19. Man, Economy and Free Market: the Approach of M.N. Rothbard

    Directory of Open Access Journals (Sweden)

    Vladimir V. Maltsev

    2017-03-01

    Full Text Available The aims of the paper are to highlight the main contributions of Rothbard to the development of the economic science through analyzing his most significant works and to explain his unique influence on the intellectual tradition of the Austrian School of Economics. In the XXI century, the Austrian School is exerting a significant influence on the development of economics and its application to the realm of public policy. More economists respond positively towards fundamental Austrian ideas and the academic journals are more accepting of the works in this line of thought. In the past century only a few economists were aware of the Austrian’s school existence and many disagreed with its methods and conclusions. At the present, the Austrian school’s ideas are situated much closer to the economic mainstream, because the accepted paradigm grew to accept some of its ideas. When mentioning the Austrian School in the Russian economic discussions, mostly the names of Friedrich Hayek or Ludwig von Mises or Israel Kirzner can be mentioned. However, many important scholars are still being left out. One of those scholars is Murray Newton Rothbard. In 2016, it is 90 years since his birth. Few economists are capable of creating such a great volume of work that can provide a heated discussion twenty years after the author’s death. Rothbard, being the student of Mises, became a leading representative of the Austrian School in the United States. He built upon and significantly expanded the economic analysis of his mentor in his fundamental work “Man, Economy and State with Power and Market” (2004. Rothbard gained recognition among the Austrian paradigm due to his innovative developments in questions of methodology, utility, welfare, monopoly and money. He also successfully applied the Austrian theory to explain such important historical events as the Great Depression in his book «America’s Great Depression» (2000 or the genesis and development of the

  20. Marketing Strategy Formulation for the Introduction of Eukula Strato German Wood Finishes in Local Market of Emerging Indian Economy

    Directory of Open Access Journals (Sweden)

    Suraj Kushe Shekhar

    2013-09-01

    Full Text Available Wood finishing relates to the process of embellishing or protecting the surface of the wood. The paper aimed at formulating a marketing strategy for introducing water borne German based Wood Finishes named Eukula Strato into local market of northern Kerala, India. Multiple cross sectional descriptive research with judgmental sampling technique elicited responses from Finishers, Furniture manufacturers and Interior designers. Findings revealed that Eukula Strato had a distinct advantage when compared to any other Wood Finish that was available in the local market. Findings and suggestions were reported as per 4P’s of marketing mix. Percentage analysis, Chi square analysis etc were used to interpret the results

  1. Displacement in new economy labor markets: Post-displacement wage loss in high tech versus low tech cities.

    Science.gov (United States)

    Davis, Daniel J; Rubin, Beth A

    2016-11-01

    While scholars and politicians tout education as the salve to employment disruptions, we argue that the geography of the new economy, and the social closure mechanisms that geography creates, may be just as important as individuals' characteristics for predicting post-displacement wage loss (or gain). We use data from the 2012 Displaced Workers ement of the Current Population Survey and from the 2010 United States Census to test hypotheses linking local labor markets in different industrial contexts to post-displacement wage loss. Our results point to age as a closure mechanism, and to the partially protective effect of education in high-tech versus low-tech economic sectors. This study is the first to use national level data to examine how employment in high-tech cities influences post-displacement wages. These findings are relevant both for theorizing about the new economy and for public policy. Copyright © 2016 Elsevier Inc. All rights reserved.

  2. Financial Policies and the Prevention of Financial Crises in Emerging Market Economies

    OpenAIRE

    Mishkin, Frederic S.

    2001-01-01

    The author defines a financial crisis as a disruption in financial markets in which adverse selection and moral hazard problems become much worse, so that financial markets are unable to efficiently channel funds to those who have the most productive investment opportunities. As financial markets become unable to function efficiently, economic activity sharply contracts. Factors that promote ...

  3. The Potential of the Bio-economy: From Photosynthesis to Industry, from Innovation to Market

    International Nuclear Information System (INIS)

    Roy, Claude

    2016-01-01

    Growing awareness of resource exhaustion and of the consequences, particularly for the climate, of our modes of consumption and production has helped remind humanity that we live in a finite world and that to make too many demands on our ecosystem is to run the risk of reaching a point of no return. To change everyone's styles of production and consumption in ail countries by the end of the century is without doubt too ambitious an aim, but it is worth putting it forward and trying to equip ourselves with the tools to achieve it. The bio-economy or 'green carbon' economy is one of those tools, as Claude Roy shows in this article. It consists in exploiting the fruits of plant photosynthesis not merely for foodstuffs, but also for materials, chemical bases, fertilizers, energy etc. Claude Roy outlines the main characteristics of the bio-economy, particularly in France, the economic sectors it covers and their potential, particularly in terms of employment. First and foremost, he shows how it could contribute to meeting the major challenges of our world, whose finite nature we are rediscovering today. Energy conservation, a renewables- based economy and carbon sequestration -three possible 'emergency exits' at the heart of the bio-economy, so long as human beings can commit to developing their agricultural crops and forests. (author)

  4. Food security, wheat production and policy in South Africa: Reflections on food sustainability and challenges for a market economy

    Directory of Open Access Journals (Sweden)

    Francois de Wet

    2018-01-01

    Full Text Available The traditional concept of security has broadened over the past decades. Food security in South Africa is an imperative for human and non-human survival. In the contemporary political economy, there is a real nexus between globalisation, exploitation, the state, scarcity of resources, the market, peoples’ need to feel secure, notions of state responsibility and food production. Political economy and human security in theoretical debates and face-to-face politics are intrinsically linked. The notion of a ‘secure community’ changed. Food security and the right to quality living became a social imperative. Understanding current agricultural economics requires the ability to link security and access to food for all. In this case study, wheat production in South Africa is addressed against the interface of the global and the local including South Africa’s transition to a democratic and constitutional state with a Bill of Rights. The current security approach represents a more comprehensive understanding of what security is meant to be and include, amongst others, housing security, medical security, service delivery and food security, as set out in the Millennium Development Goals and the subsequent Sustainable Development Goals. The issue of food security is addressed here with particular reference to wheat production, related current government policies and the market economy. The authors chose to limit their socio-economic focus to a specific sector of the agricultural market, namely wheat, rather than discuss food security in South Africa in general. Wheat was chosen as a unit of analysis because as a crop, wheat used in bread is one of the staples for the majority of South Africans and given the current negative economic developments, wheat as a staple is likely to remain integral, if not increasing its status of dependability

  5. Analysis of the development and prediction of the rate of unemployment in selected countries with market and transitive economy

    Directory of Open Access Journals (Sweden)

    Erich Maca

    2004-01-01

    Full Text Available The paper is aimed at the presentation of findings achieved in the study of the dynamics and trends of the rate of unemployment in selected countries with market and transitive economy in the reference period 1995–2001. In addition to the description of developmental trends of analysed time series by means of trend functions of linear, quadratic, exponential, logarithmic, power and inverse types their informative ability was verified as a starting base for the realization of point prediction of investigated events for 2005. With given 95% probability, minimum and maximum values are determined of the evaluated macroeconomic indicator for a defined time horizon.

  6. A Natural Experiment in Monetary Policy Covering Three Episodes of Growth and Decline in the Economy and the Stock Market

    OpenAIRE

    Milton Friedman

    2005-01-01

    The third of three episodes in a major natural experiment in monetary policy that started more than 80 years ago is just now coming to an end. The experiment consists in observing the effect on the economy and the stock market of the monetary policies followed during and after three very similar periods of rapid economic growth in response to rapid technological change: the booms of the 1920s in the United States, the 1980s in Japan and the 1990s in the United States. In this experiment, the ...

  7. A VIEWPOINT ON ECONOMY STUDENTS' PERCEPTIONS REGARDING THE PROMOTION PROCESS OF TOURISM PRODUCTS USING ONLINE MARKETING

    Directory of Open Access Journals (Sweden)

    Silvia, MUHCINA

    2014-11-01

    Full Text Available Among the tools that are used in promotional activity in tourism, the online marketing opens the possibility to promptly create offers, meet buyers' demands, and strengthen customer relationships. The online marketers consider that the Internet is a modern technology that allows firms to connect business partners, to identify more rapidly the consumers' needs, to understand and answer on individual demand. The aim of this paper is to emphasize the importance of online marketing in the process of promotion and distribution of tourism products, starting from an empirical research conducted among economic sciences faculty students. The results of this work may provide a partial image of the young people's opinion about online marketing as a tool of marketing communication, and may be approached as a modest guide for tourism marketers in the process of creating, promoting and distributing tourism offers.

  8. Securing renewable resource supplies for changing market demands in a bio-based economy

    NARCIS (Netherlands)

    Dam, van J.E.G.; Klerk-Engels, de B.; Struik, P.C.; Rabbinge, R.

    2005-01-01

    Establishment of a bio-based economy has been recognised as one of the key issues for sustainable development For future developments renewable resources will play a key role as CO2 neutral raw material for sustainable industrial production to curb depletion of fossil resources. Options to fully

  9. Lifelong Learning and the New Economy: Limitations of a Market Model

    Science.gov (United States)

    Cruikshank, Jane

    2008-01-01

    What kind of workplace has the so-called "new economy" created? What problems are Canadian workers experiencing? How effective are Canada's lifelong learning policies that focus on high skills development for global competitiveness? These questions were explored as part of a three year research program. During the 2003-2004 academic…

  10. the role of market women in the informal urban economy in kumasi

    African Journals Online (AJOL)

    User

    Keywords: Informal Sector, Urban Economy, Women, Traders ... banisation intensified, poverty also increased due to the inability of ... from 23 per cent in 1960 to 44 per cent in 2000 .... sacks of 50kg and 30 bags of 100kg respec- ... from 70-120km) covered to haul the foodstuffs ... per cent and 21.5 per cent of the total sales.

  11. The Consumer Production Journey: Marketing to Consumers as Co-Producers in the Sharing Economy

    NARCIS (Netherlands)

    B.G.C. Dellaert (Benedict)

    2018-01-01

    textabstractNew digital technologies not only support consumers in better fulfilling their own consumption needs, but also enable them to create greater value for other consumers. These new consumer co- production activities, collectively referred to as the sharing economy, require firms to rethink

  12. A VIEWPOINT ON ECONOMY STUDENTS' PERCEPTIONS REGARDING THE PROMOTION PROCESS OF TOURISM PRODUCTS USING ONLINE MARKETING

    OpenAIRE

    Silvia, MUHCINA; Andreea-Daniela, MORARU

    2014-01-01

    Among the tools that are used in promotional activity in tourism, the online marketing opens the possibility to promptly create offers, meet buyers' demands, and strengthen customer relationships. The online marketers consider that the Internet is a modern technology that allows firms to connect business partners, to identify more rapidly the consumers' needs, to understand and answer on individual demand. The aim of this paper is to emphasize the importance of online marketing in the process...

  13. Bridging the European Wind Energy Market and a Future Renewable Hydrogen-Inclusive Economy. A Dynamic Techno-economic Assessment

    International Nuclear Information System (INIS)

    Shaw, S.; Peteves, S.D.

    2006-01-01

    The study establishes the link between the growing wind market and the emerging hydrogen market of the European Union, in a so-called 'wind-hydrogen strategy'. It considers specifically the diversion of wind electricity, as a wind power control mechanism in high wind penetration situations, for the production of renewable electrolytic hydrogen - a potentially important component of a renewable hydrogen-inclusive economy. The analysis examines the long-term competitiveness of a wind-hydrogen strategy via cost-benefit assessment. It indicates the duration and extent to which (financial) support, if any, would need to be provided in support of such a strategy, and the influence over time of certain key factors on the outcome

  14. Foundations for the post 2030 space economy: Cislunar and lunar infrastructure, Moon Village, Mars and planetary missions as markets.

    Science.gov (United States)

    Beldavs, Vid; Dunlop, David; Crisafulli, Jim; Bernard, Foing

    2016-04-01

    Introduction: The International Lunar Decade (ILD)[1] is a framework for international collaboration from 2020 to 2030 to achieve the ultimate goal in space -- to open the space frontier. Key to opening a frontier is the capacity to "live off the land" through in situ resource utilization (ISRU). Activities in space will remain limited to exploration until ISRU becomes possible on an industrial scale. ISRU, the mining and use of resources on the Moon, asteroids, comets and other cosmic bodies will enable the opening of the space frontier for permanent occupancy and settlement. The capacity for ISRU creates the basis for a space economy where products and services are traded for resources, and increasingly sophisticated products can be produced from mined resources to help sustain life indefinitely. Enabling ISRU will require infrastructure - energy, transportation, and communications systems, as well as navigation, storage and other support services. However, regolith or other lunar/asteroid material will remain regolith until converted to a form useful to customers that will enable the development of markets. NASA's Mars journey, various planetary missions, and emerging operations on the lunar surface and at EML1 and EML2 will provide initial markets for ISRU. This paper will explore a scenario explaining how a self-sustaining space economy can be achieved by 2030, what kind of infrastructure will need to be developed, the role of NASA's Mars Journey in the creation of markets for ISRU, and the role of private-public partnership for financing the various building blocks of a self-sustaining space economy. Also dis-cussed will be the potential for a Moon Village to serve as a formative structure for the nucleation of elements of an emerging space economy, including its potential role as a forum for actors to play a role in the development of governance mechanisms that eventually would enable commercial and industrial development of the Moon. References: [1] Beldavs

  15. How to Be Bullish on Marketing Child Care in a Challenging Economy.

    Science.gov (United States)

    Wassom, Julie

    1992-01-01

    Discusses factors to consider when developing marketing strategies for building enrollment in child care programs. Factors are (1) focus on a market; (2) the impression of the service that is created in customers' minds; (3) the urgency of the advertising message; (4) perceived value of the service; and (5) cost effectiveness. (SM)

  16. Financial innovation: Economic growth versus instability in bank-based versus financial market driven economies

    NARCIS (Netherlands)

    Boot, A.W.A.; Marinč, M.

    2010-01-01

    A fundamental feature of recent financial innovations is their focus on augmenting marketability. We point at the potential dark side of marketability. The paper casts its analysis of the pros and cons of financial innovation within the financial development and economic growth debate. The

  17. Dynamic Correlation between Stock Market Returns and Crude Oil Prices: Evidence from a Developing Economy

    Directory of Open Access Journals (Sweden)

    Emenike O. Kalu

    2015-10-01

    Full Text Available Normal 0 false false false EN-US X-NONE X-NONE Modeling the correlation of assets returns volatilities across different markets or segments of a market has practical value for portfolio selection and diversification, market regulation, and risk management. This paper therefore evaluates the nature of time-varying correlation between volatilities of stock market and crude oil returns in Nigeria using Dynamic Conditional Correlation-Generalised Autoregressive Conditional Heteroscedasticity (DCC-GARCH model. Results from DCC-GARCH (1,1 model show evidence of volatility clustering and persistence in Nigeria stock market and crude oil returns. The results also show that there is no dynamic conditional correlation in ARCH effects between stock market returns and crude oil prices in Nigeria. The results further show that there is strong evidence of time-varying volatility correlation between stock market and crude oil returns volatility. The findings will help shape policy-making in risk management and market regulation in Nigeria.

  18. Development and growth of science-intensive production of lube oil additives in the transition to a market economy

    International Nuclear Information System (INIS)

    Zhurba, A.S.; Burlaka, G.G.; Pravikov, A.A.

    1992-01-01

    In the Soviet petroleum refining and petrochemical industry, preference with respect to science-intensive development should be given to lube oil additives as production objects which are characterized by high cost of scientific developments and which are major factors influencing scientific and technical progress in many branches of the economy. The role of additives is becoming much more significant because of dwindling resources of crude oils with high potential contents of lube fractions (18-20%); other factors are the phasing out of ecologically harmful technologies, unsatisfactory utilization of used oils, and so on. Under these conditions, the use of additives is essentially the only method for increasing the efficiency of lube oil production and improving the product quality, which, together with improved design and materials for the lubricating components and an improvement of the professional and cultural level of their operation, will logically bring forth a marked curtailment of lubricant consumption. Outside the USSR, additive production, thanks to its conversion into a rapidly progressing subbranch of the petroleum refining industry, has become the object of capital investment. Under conditions of a market economy, additive manufacture is characterized by a high level of specialization and concentration, various forms of cooperation, profitability, and competitiveness. Because of the existence of a branch network of retail and wholesale trade, production of lube oils and additives can be adjusted rapidly to meet the requirements of the domestic and world market

  19. The Impact of Syrian Refugees on the Turkish Economy: Regional Labour Market Effects

    OpenAIRE

    Oğuz Esen; Ayla Oğuş Binatlı

    2017-01-01

    The Syrian civil war resulted in mass migration out of Syria into the neighboring countries. Turkey has received the greatest number of refugees from Syria. The Syrian refugees mostly initially settled in refugee camps in Southeastern Turkey. As the Syrian conflict intensified and lengthened, the number of Syrian refugees in Turkey increased and the Syrian population started to reside in the neighboring provinces and started to have important effects on the local economy. In 2016, Syrian refu...

  20. The Equilibrium Analysis of a Closed Economy Model with Government and Money Market Sector

    Directory of Open Access Journals (Sweden)

    Catalin Angelo Ioan

    2011-10-01

    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.

  1. Information technology deployment in a transition economy: Results from Slovenia

    Directory of Open Access Journals (Sweden)

    Hovelja Tomaž

    2009-01-01

    Full Text Available Information technology (IT is increasingly establishing itself as one of the major topics of study in the OECD area. The resulting OECD studies found that IT has an enormous productive potential; however before an economy can gain most of IT's benefits, several challenges need to be successfully addressed. The key challenges these studies identified are adequate organizational transformations of the enterprises and adequate reorganization of key national institutions. How these two challenges are tackled by the economies that are going through the transition from a socialist towards a coordinated/liberal market economy is, unfortunately, not equally well documented. To improve this situation in this paper I present new findings from one transition economy concerning the issues that the developed OECD countries already highlighted as critical for the successful deployment of IT, and issues that seem specific to the transition environments. The presented findings are based on the study I conducted into 94 enterprises, representing the population of the 914 biggest added value generating enterprises in Slovenia. This article thus tries to allow Slovenia and other economies in a similar situation to draw broad and important conclusions with managerial and political implications on how to deploy all available IT potential.

  2. The persistence of risk levels of general equity funds in an emerging market economy

    Directory of Open Access Journals (Sweden)

    Rousseau Lötter

    2013-10-01

    Full Text Available The persistence of risk levels of local General Equity unit trusts is evaluated. Variations in absolute and market-adjusted returns are measured to determine whether investors can use historical risk as a proxy for future risk levels. The General Equity funds are fairly homogenous, and different funds should exhibit stable risk levels if the fund managers’ investment mandates and investment styles remain stable over time. The results indicate a degree of absolute and market-adjusted risk stability over time. The market-adjusted risk and return relationship remained stable through the 2008 global crises, indicating that, on average, the fund managers maintained their benchmark-related risk exposures. Both the absolute and market-adjusted results indicate no statistically significant relationship between risk and return for the 2000 to 2012 period.

  3. The persistence of risk levels of general equity funds in an emerging market economy

    Directory of Open Access Journals (Sweden)

    Rousseau Lötter

    2013-12-01

    Full Text Available The persistence of risk levels of local General Equity unit trusts is evaluated. Variations in absolute and market-adjusted returns are measured to determine whether investors can use historical risk as a proxy for future risk levels. The General Equity funds are fairly homogenous, and different funds should exhibit stable risk levels if the fund managers’ investment mandates and investment styles remain stable over time. The results indicate a degree of absolute and market-adjusted risk stability over time. The market-adjusted risk and return relationship remained stable through the 2008 global crises, indicating that, on average, the fund managers maintained their benchmark-related risk exposures. Both the absolute and market-adjusted results indicate no statistically significant relationship between risk and return for the 2000 to 2012 period.

  4. Application of Marketing in Interest as a Factor of Development of Enterprises in Digital Economy

    OpenAIRE

    Bajraktari, Nerimane; Ahmeti, Ali

    2018-01-01

    Online transactions have been characterized by steady growth in recent years. This trend has not left aside developments in organizations in Kosovo. People who buy online are faced with technological equipment that often does not perform the right way as the customer requests or expects. The intranet connects the computer systems of an enterprise or organization based on the Internet technique especially in the TCP / IP protocol. Digital Marketing is a term for the marketing of targeted, meas...

  5. A review of the world market of indium (Economy of indium)

    International Nuclear Information System (INIS)

    Naumov, A.V.

    2005-01-01

    A review of the current state of the world and Russian markets of indium and indium-containing products was made based on the publications of the last years. Main fields of indium application are given, in particular, its using for neutron absorbing regulating rods in nuclear reactors. The second γ-radiation resulted from neutron absorption allows using indium as a neutron detector. Indium market stabilization is expected due to supply from China and South Korea [ru

  6. Banking System Reform in China: The Challenges of Moving Toward a Market-Oriented Economy

    Science.gov (United States)

    2007-01-01

    Liabilities (RMB billion) (RMB billion) (RMB billion) (RMB billion) Forex reserves –373 Forex assets +373 Capital +373 (=US$ 45 billion) (=US...CCB Assets Liabilities Assets Liabilities (RMB billion) (RMB billion) (RMB billion) (RMB billion) Forex assets –373 Forex assets +373 Capital...02 03 04 05 06 07 Official rate Unification of the FOREX Markets (Jan 1, 1994) Market rate 8.28 8.70 (R M B /U S$ ) (Jul 21, 2005) 8.11 (June 25, 2007

  7. The modes of influence of oil on gas markets - The economy

    International Nuclear Information System (INIS)

    Maisonnier, Guy

    2016-01-01

    This article first indicates how the oil price has influence on some gas markets in the USA, in the UK and in the Asia-Pacific region. The author then focuses on this last region, notably Japan where the LNG market was strongly impacted by the oil price. Many Asian actors now want to reform the gas market in order to avoid such a strong influence. The author discusses the consequences of the development of shale gas exploitation in the USA, not only on the US domestic market, but also on Europe and Asia. In Europe, two types of prices are still coexisting: indexed and spot prices. Indexed prices might be reached in periods of tension on the market (during a cold winter), but the trend is globally oriented downwards. It seems that spot prices tend to converge toward indexed prices, at least in winter. Thus, despite the existence of indexed contracts, the influence of oil price is slowly decreasing. Finally, the author outlines upheavals experienced by the gas market since 2009 due to economic growth, development of shale gas, change of contract models, level of LNG supply, CO 2 price, increasing share of renewable energies

  8. Democratic socialism and the choices in the building of a political economy

    Directory of Open Access Journals (Sweden)

    Claus Offe

    2014-01-01

    Full Text Available The holders of political power may choose among the myriad of institutional possibilities that exist between capitalism and socialism. After explaining why any system of production is mixed, this essay explores both why markets are frequently considered preferable to other arrangements and which are the “simple” wrongs associated with capitalist market economies. Among these “simple” wrongs, we find markets’ tendency to self-subversion, to permeate the whole of social life, and to inflict damage when it is permitted to markets to encompass the factors of production, like labor, natural resources, and money. Despite these “simple” wrongs, democratic socialists and social democrats believe that the political power mobilized within liberal democracies can cope with these side-effects by resorting to instruments like anti-trust legislation, market-constraining policies, and to the protection of the factors of production. Finally, the essay explains why social democrats and democratic socialists believe that liberal democracy, with its emphasis on liberty and equality, on the one hand, and on representation, contestation, and accountability, on the other, is the institutional arrangement that can best cope with the inherent pathologies of capitalist market societies

  9. Temptations of a socialist paradise: Reflections of a consumerist society in Yugoslavian films of the 1960s

    Directory of Open Access Journals (Sweden)

    Malešević Miroslava

    2012-01-01

    Full Text Available In a world divided by irreconcilable ideological differences into the capitalist West and the socialist East, Yugoslavia itself has, since the early fifties, faced a permanent choice between two options, on the borderline between those two opposing blocs. Coerced by political circumstances, the country's leadership had chosen its own path into communism, formulated through the idea of worker self-management that secured the belief among the people of Yugoslavia that they did not belong to either of the sides divided by the iron curtain. Although it was initially promoted as an expression of authentic Marxism, these unique political projects inevitably lead to an increasing openness toward the western world. The reduction of central government control over the economy, opening of borders, freedom of movement inside and outside the country, freedom of companies to trade abroad, permissible limited private property etc. allowed for easier access to elements of a consumer society that were coming from the West. Getting closer to the western world, as a cultural and an economic process, in the early 1960s also became a subject of Yugoslavian cinematography, which had after a string of years of partisan films begun to deal with modern (urban life. Through an anthropological analysis of the most popular domestic films made during that period, such as: Zajednicki stan, Nema malih bogova, Ljubav i moda and Na mesto građanine pokorni, in this paper I observe how ideological dilemmas concerning the first experiences of abandoning 'pure' socialism and the gradual acceptance of consumerism manifested in society (just prior to the economic reform of 1965., the vision of some future society that came to exist and the encounter with the taste of its values and lifestyle (the appearance of market mentality where new rules become important - competition and a fight for personal interest, individualism opposed to collective socialist solidarity etc.. [Projekat

  10. The Theoretical and Methodological Bases to Form the Parity of State Regulation of the National Economy and Market Self-Regulation

    Directory of Open Access Journals (Sweden)

    Yahno Tetiana P.

    2017-09-01

    Full Text Available The aim of the article is to summarize the existing approaches regarding the optimal balance of mechanisms of economic regulation and identify factors that influence the formation of the parity of state regulation and market self-regulation of economy. The analysis of the existing studies has made it possible to establish that the mixed economy model, which is organized on the basis of the market price system but uses various forms of government intervention to correct macroeconomic instability, is the most optimal one for effective development. The smoothing, preventing of negative consequences of effects of market regulators is the goal of state regulation of economy. It is substantiated that the optimal correlation of mechanisms of state regulation and market self-regulation is not a constant value. The maximum effective ratio in application of these mechanisms will not always be achieved under condition of equal government intervention and self-regulation. It depends on the country’s potential, its involvement in the system of the world market economy, level of development of the society, as well as historical features of the country’s development and phase of the economic cycle. Prospects for further research are the substantiation of a new paradigm for the formation of the parity of state regulation and market self-regulation in the context of financial uncertainty and effect of supranational regulators, growing contradictions of globalization-regionalization based on the use of the system and synergetic approach.

  11. 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.

  12. Macro-economic model of aggregate market in the Albanian economy, and relevant problems thereto

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Alqi Naqellari

    2011-12-01

    Full Text Available This paper uses concrete data obtained on the Albanian economy to analyse the positions of aggregate demand/supply curves in the economy. As examples from micro-economics, we have taken the models of Ŵalras and Marshall, to view the possibilities of achieving an economic equilibrium. Data available from the Albanian economy, and from the global economic trends generally, have shown that the positions of curves are such, with differences in their inclination, while the classic position of the aggregate demand curve, with a negative trend, studied in the macro-economic theory, is unique. Therefore, our objective is to try and show the scholars of the field that the macro-economic problems must be viewed in this light, and not through the static scheme used so far. The equilibrium is met not only when the aggregate demand and aggregate supply curves are met, meaning when the aggregate expenditure are equal to aggregate production, but it exists at every moment, independently of whether it is consistent or not, while the pricing trends continue to increase, similar to two other aggregates. The understanding of such a situation should give the possibility to governments and other policy-making institutions to review their positions and relations with monetary and fiscal indicators, in a view of making the organic connection, and increasing their working effectiveness. The paper aims to show how one can define the relation between monetary and fiscal policies necessary to see their role and relevance in the economic growth of a country.

  13. Electric energy storage systems in a market-based economy. Comparison of emerging and traditional technologies

    International Nuclear Information System (INIS)

    Kazempour, S. Jalal; Moghaddam, M. Parsa; Haghifam, M.R.; Yousefi, G.R.

    2009-01-01

    Unlike markets for storable commodities, electricity markets depend on the real-time balance of supply and demand. Although much of the present-day grid operate effectively without storage technologies, cost-effective ways of storing electrical energy can make the grid more efficient and reliable. This work addresses an economic comparison between emerging and traditional Electric Energy Storage (EES) technologies in a competitive electricity market. In order to achieve this goal, an appropriate Self-Scheduling (SS) approach must first be developed for each of them to determine their maximum potential of expected profit among multi-markets such as energy and ancillary service markets. Then, these technologies are economically analyzed using Internal Rate of Return (IRR) index. Finally, the amounts of needed financial supports are determined for choosing the emerging technologies when an investor would like to invest on EES technologies. Among available EES technologies, we consider NaS battery (Natrium Sulfur battery) and pumped-storage plants as emerging and traditional technologies, respectively. (author)

  14. From "Failures of the Market" to "Failures of the State": Once Again to the Question of Social Justice in Economy

    Directory of Open Access Journals (Sweden)

    Belokrylova Olga, S.

    2016-06-01

    Full Text Available Principles of social justice don't belong only to area of morals, their practical embodiment in economy and the social sphere determines the content and a configuration of institutional system. Ensuring equal opportunities, investment into the human capital, elimination of disproportions in distribution in the direction of bigger compliance of private and public profits play a crucial role in neutralization of "failures of the market". In the paper it is shown that actions of market forces in modern Russia are insufficiently balanced by actions of the state institutes for control of an excess inequality, creation of the competitive environment and counteraction to rent-seeking behavior of certain players. In the country there was unfairly high level of differentiation of the population according to the income which formation is influenced by the institutional environment, there is a process of an institutionalization of poverty. The corresponding quantitative estimates and intercountry comparisons confirming this conclusion are given in the paper. It allows to talk about "failures of the state" and signs of "standard capture" in modern Russia. In the paper the conclusion is drawn that such situation when institutional and market mechanisms in common work for restriction of equal opportunities and increase in distinctions in the level of the income and wealth can't allow. Coordinated actions on change of the situation which can provide minimization of failures of the state are necessary. These actions are in a foreshortening of a question of restoration of social justice.

  15. Aram Khachaturian and socialist realism: A reconsideration

    Directory of Open Access Journals (Sweden)

    Schultz Joseph

    2016-01-01

    Full Text Available Aram Khachaturian remains a neglected figure in scholarship on Soviet music, his work often held as exemplifying Socialist Realism at its most conformist. In this article I suggest that folk music strongly influenced his style well before the imposition of Socialist Realism, and that his musical language and aesthetics have much more in common with those of contemporary composers in the West than has previously been assumed. A central focus of the paper will be to examine the role played by Soviet musicologists in placing questionable critical constructs on Khachaturian’s career and creative achievement.

  16. Using marketing muscle to sell fat: the rise of obesity in the modern economy.

    Science.gov (United States)

    Zimmerman, Frederick J

    2011-01-01

    The large increase in obesity in the past 30 years has often been explained in rational choice terms; for example, a decline in food prices has engendered greater food consumption. On closer examination, this kind of explanation does not fit the facts of the current obesity epidemic. Instead, an unprecedented expansion in the scope, power, and ubiquity of food marketing has coincided with an unprecedented expansion in food consumption in predictable ways. Ongoing protestations that the causes of the recent increase in obesity are unknown may overstate the case. Ample evidence indicates that the obesity epidemic is, at least to a large degree, the result of increased marketing power over the American diet. Only by reigning in or countering marketing power can rationality be restored to the dietary choices of Americans.

  17. Impacts of CO2 taxes in an Economy with Niche Markets and Learning-by-doing

    International Nuclear Information System (INIS)

    Van der Zwaan, B.C.C.; Gerlagh, R.; Hofkes, M.W.; Klaassen, G.

    2003-09-01

    In this paper, we analyse the impact of carbon taxes on emission levels, when niche markets exist for new carbon-free technologies, and when these technologies experience 'learning-by-doing' effects. For this purpose, a general equilibrium model has been developed, DEMETER, which specifies two energy technologies: one based on fossil fuels and one on a composite of carbon-free energy technologies. Initially, the carbon-free technology has relatively high production costs, but niche markets ensure positive demand. Learning-by-doing decreases production costs, which increases the market share, which in turn accelerates learning-by-doing, and so forth. This mechanism allows a relatively modest carbon tax, of about 50 US$/tC, to almost stabilise carbon emissions at their 2000 levels throughout the entire 21st century. Sensitivity analysis shows that the required carbon tax for emission stabilisation crucially depends on the elasticity of substitution between the fossil fuel and carbon-free technology

  18. Family life course transitions and rural household economy during China's market reform.

    Science.gov (United States)

    Chen, Feinian; Korinek, Kim

    2010-11-01

    This article investigates the effect of family life course transitions on labor allocation strategies in rural Chinese households. We highlight three types of economic activity that involve reallocation of household labor oriented toward a more diversified, nonfarm rural economy: involvement in wage employment, household entrepreneurship, and/or multiple activities that span economic sectors. With the use of data from the China Health and Nutrition Survey (CHNS 1997, 2000, and 2004), our longitudinal analyses of rural household economic activity point to the significance of household demography, life course transitions, and local economic structures as factors facilitating household labor reallocation. First, as expected, a relatively youthful household structure is conducive to innovative economic behavior. Second, household entrances and exits are significant, but their impacts are not equal. Life events such as births, deaths, marriage, or leaving home for school or employment affect household economy in distinctive ways. Finally, the reallocations of household labor undertaken by households are shaped by local economic structures: in particular, the extent of village-level entrepreneurial activity, off-farm employment, and out-migration.

  19. The political economy of a tradable GHG permit market in the European Union

    DEFF Research Database (Denmark)

    Markussen, P.; Svendsen, Gert Tinggaard; Vesterdal, Morten

    2002-01-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is the outcome of a policy...... that the dominant interest groups indeed influenced the final design of an EU GHG market....

  20. Five Faculty Labor Market Dilemmas Facing Community Colleges in the New Economy

    Science.gov (United States)

    Mitchell, Douglas E.; Yildiz, Selin; Batie, Michael

    2011-01-01

    Community colleges employ more than one-third of the nation's higher education faculty. Nevertheless, the labor market through which faculty are recruited, selected, hired, evaluated and retained or replaced is one of the least understood aspects of these institutions. Functional management and effective policy both require a clear understanding…

  1. Mapping the Typology of Transition Systems in a Liberal Market Economy: The Case of Canada

    Science.gov (United States)

    Arnold, Christine Helen; Wheelahan, Leesa; Moodie, Gavin; Beaulieu, Jacqueline; Taylor-Cline, Jean-Claude

    2018-01-01

    This research explores links between tertiary education institutions and between tertiary education and the labour market as determinants of provincial and national transition patterns in Canada. The study consists of a provincial analysis that maps the typology of transition systems across Canada's devolved federated tertiary education structure.…

  2. Globalization and Institutional Change : Are Emerging Market Economies in Europe and Asia Converging?

    NARCIS (Netherlands)

    Hoen, Herman W.

    2014-01-01

    It is often stated that globalization leads to a smaller world by institutional convergence. Politico-economic orders become alike across the world. The article analyzes institutional change triggered by the global financial crisis of 2008/2009 and compares developments in emerging markets in Europe

  3. Cross-correlations between crude oil and exchange markets for selected oil rich economies

    Science.gov (United States)

    Li, Jianfeng; Lu, Xinsheng; Zhou, Ying

    2016-07-01

    Using multifractal detrended cross-correlation analysis (MF-DCCA), this paper studies the cross-correlation behavior between crude oil market and five selected exchange rate markets. The dataset covers the period of January 1,1996-December 31,2014, and contains 4,633 observations for each of the series, including daily closing prices of crude oil, Australian Dollars, Canadian Dollars, Mexican Pesos, Russian Rubles, and South African Rand. Our empirical results obtained from cross-correlation statistic and cross-correlation coefficient have confirmed the existence of cross-correlations, and the MF-DCCA results have demonstrated a strong multifractality between cross-correlated crude oil market and exchange rate markets in both short term and long term. Using rolling window analysis, we have also found the persistent cross-correlations between the exchange rates and crude oil returns, and the cross-correlation scaling exponents exhibit volatility during some time periods due to its sensitivity to sudden events.

  4. Building a castle on sand: effects of mass privatization on capital market creation in transition economies

    Czech Academy of Sciences Publication Activity Database

    Fungáčová, Zuzana

    -, č. 256 (2005), s. 1-51 ISSN 1211-3298 R&D Projects: GA ČR GA402/05/1014 Institutional research plan: CEZ:AV0Z70850503 Keywords : mass privatization * emerging capital markets Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp256.pdf

  5. Voluntary Truck and Bus Fuel-Economy-Program marketing plan. Final technical report, September 29, 1980-January 29, 1982

    Energy Technology Data Exchange (ETDEWEB)

    None

    1982-01-01

    The aim of the program is to improve the utilization of fuel by commercial trucks and buses by updating and implementing specific approaches for educating and monitoring the trucking industry on methods and means of conserving fuels. The following outlines the marketing plan projects: increase use of program logo by voluntary program members and others; solicit trade publication membership and support; brief Congressional delegations on fuel conservation efforts; increase voluntary program presence before trade groups; increase voluntary program presence at truck and trade shows; create a voluntary program display for use at trade shows and in other areas; review voluntary program graphics; increase voluntary program membership; and produce placemats carrying fuel conservation messages; produce a special edition of Fuel Economy News, emphasizing the driver's involvement in fuel conservation; produce posters carrying voluntary program fuel conservation message. Project objectives, activities, and results for each project are summarized.

  6. The Synergy between City Human Resources and City Economy Development Based on the City Marketing: The Case of Chengdu

    Directory of Open Access Journals (Sweden)

    Bo Pu

    2014-01-01

    Full Text Available City human resources and the city economic development have a synergistic effect to attract high-quality talent and to encourage the sustainable development of the urban economy in the city marketing. Based on synergetics, we find out the evaluation indexes between the city human resources subsystem and urban economic development subsystem and constructed the evaluation system and model, and then used the yearbook data of Chengdu human resources and economic development from 2002 to 2012 and carried on empirical research. The results show that the level of coordinated development is weak between city human resources and city economic development at Chengdu, but it keeps rising slowly. The strong policy support shall be provided to Chengdu human resources and economic development by Chengdu government.

  7. Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

    International Nuclear Information System (INIS)

    Naser, Hanan

    2015-01-01

    The primary objectives of this paper is to scrutinize the long-run relationship and the causal linkage between oil consumption, nuclear energy consumption, oil prices and economic growth. For this purpose, Johansen cointegration technique is applied using time series data for four emerging economies: Russia, China, South Korea and India, over the period from 1965 to 2010. Johansen cointegration results indicate that there is a long-run relationship between the proposed variables in each country. Exclusion tests show that both energy sources enter the cointegration space significantly (except for Russia), which suggests that energy has a long-run impact on economic growth. Results of the causal linkage between the variables point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or a feedback impact between with real Gross Domestic Product (GDP) growth in all countries. Hence, energy conservation policies might harmful negative consequences on the growth of economic for this group of countries. - Highlights: • There is a long-run relationship among oil market, nuclear energy consumption, and economic growth. • Countries are energy dependent in stimulating economic growth. • There is feedback impact between oil consumption and economic growth in three out of four countries. • An increase in oil prices has drawbacks on emerging economies growth

  8. EU effect: Exporting emission standards for vehicles through the global market economy.

    Science.gov (United States)

    Crippa, M; Janssens-Maenhout, G; Guizzardi, D; Galmarini, S

    2016-12-01

    Emission data from EDGAR (Emissions Database for Global Atmospheric Research), rather than economic data, are used to estimate the effect of policies and of the global exports of policy-regulated goods, such as vehicles, on global emissions. The results clearly show that the adoption of emission standards for the road transport sector in the two main global markets (Europe and North America) has led to the global proliferation of emission-regulated vehicles through exports, regardless the domestic regulation in the country of destination. It is in fact more economically convenient for vehicle manufacturers to produce and sell a standard product to the widest possible market and in the greatest possible amounts. The EU effect (European Union effect) is introduced as a global counterpart to the California effect. The former is a direct consequence of the penetration of the EURO standards in the global markets by European and Japanese manufacturers, which effectively export the standard worldwide. We analyze the effect on PM 2.5 emissions by comparing a scenario of non-EURO standards against the current estimates provided by EDGAR. We find that PM 2.5 emissions were reduced by more than 60% since the 1990s worldwide. Similar investigations on other pollutants confirm the hypothesis that the combined effect of technological regulations and their diffusion through global markets can also produce a positive effect on the global environment. While we acknowledge the positive feedback, we also demonstrate that current efforts and standards will be totally insufficient should the passenger car fleets in emerging markets reach Western per capita figures. If emerging countries reach the per capita vehicle number of the USA and Europe under current technological conditions, then the world will suffer pre-1990 emission levels. Copyright © 2016 Elsevier Ltd. All rights reserved.

  9. OIL MARKET, NUCLEAR ENERGY CONSUMPTION AND ECONOMIC GROWTH: EVIDENCE FROM EMERGING ECONOMIES

    Directory of Open Access Journals (Sweden)

    Hanan Naser

    2014-04-01

    Full Text Available This paper empirically examines the relationship between oil consumption, nuclear energy consumption, oil price and economic growth in four emerging economies (Russia, China, South Korea, and India over the period from 1965 to 2010. Applying a modified version of the granger causality test developed by Toda and Yamamoto, we find that the level of world crude oil prices (WTI plays a crucial role in determining the economic growth in the investigated countries. The results suggest that there is a unidirectional causality running from real GDP to oil consumption in China and South Korea, while bidirectional relationship between oil consumption and real GDP growth appears in India. Furthermore, the results propose that while nuclear energy stimulates economic growth in both South Korea and India, the rapid increase in China economic growth requires additional usage of nuclear energy.

  10. Bifurcation analysis in the diffusive Lotka-Volterra system: An application to market economy

    International Nuclear Information System (INIS)

    Wijeratne, A.W.; Yi Fengqi; Wei Junjie

    2009-01-01

    A diffusive Lotka-Volterra system is formulated in this paper that represents the dynamics of market share at duopoly. A case in Sri Lankan mobile telecom market was considered that conceptualized the model in interest. Detailed Hopf bifurcation, transcritical and pitchfork bifurcation analysis were performed. The distribution of roots of the characteristic equation suggests that a stable coexistence equilibrium can be achieved by increasing the innovation while minimizing competition by each competitor while regulating existing policies and introducing new ones for product differentiation and value addition. The avenue is open for future research that may use real time information in order to formulate mathematically sound tools for decision making in competitive business environments.

  11. Bifurcation analysis in the diffusive Lotka-Volterra system: An application to market economy

    Energy Technology Data Exchange (ETDEWEB)

    Wijeratne, A.W. [Department of Mathematics, Harbin Institute of Technology, Harbin 150001 (China); Department of Agri-Business Management, Sabaragamuwa University of Sri Lanka, Belihuloya 70140 (Sri Lanka); Yi Fengqi [Department of Mathematics, Harbin Institute of Technology, Harbin 150001 (China); Wei Junjie [Department of Mathematics, Harbin Institute of Technology, Harbin 150001 (China)], E-mail: weijj@hit.edu.cn

    2009-04-30

    A diffusive Lotka-Volterra system is formulated in this paper that represents the dynamics of market share at duopoly. A case in Sri Lankan mobile telecom market was considered that conceptualized the model in interest. Detailed Hopf bifurcation, transcritical and pitchfork bifurcation analysis were performed. The distribution of roots of the characteristic equation suggests that a stable coexistence equilibrium can be achieved by increasing the innovation while minimizing competition by each competitor while regulating existing policies and introducing new ones for product differentiation and value addition. The avenue is open for future research that may use real time information in order to formulate mathematically sound tools for decision making in competitive business environments.

  12. Trends and drivers of the aesthetic market during a turbulent economy.

    Science.gov (United States)

    Wilson, Stelios C; Soares, Marc A; Reavey, Patrick L; Saadeh, Pierre B

    2014-06-01

    Aesthetic procedures are significant sources of revenue for plastic surgeons. With the popularity of nonsurgical aesthetic procedures, many plastic surgeons question how to best tailor their aesthetic practice. Revenue generated from surgical and minimally invasive aesthetic procedures performed in the United States between 2000 and 2011 was calculated from the American Society of Plastic Surgeons' annual reports. Regression analysis was performed against six commonly cited economic indicators. In 2011, revenue from minimally invasive procedures increased from $3.0 billion to $5.7 billion (90 percent growth), whereas revenue from surgical procedures decreased from $6.6 billion to $6.0 billion (10 percent decline). Between 2000 and 2011, minimally invasive procedure market share grew from 30 percent to nearly 50 percent. Linear regression analysis revealed significant correlations between surgical procedure revenue and indicators of macroeconomic climate: Dow Jones Industrial Average (R = 0.72; p unemployment rate (R = -0.81; p market.

  13. Sport and Social Change. Socialist Feminist Theory.

    Science.gov (United States)

    Bray, Catherine

    1988-01-01

    Though the number of women in sport and the productive labor force have increased, the lower levels of support and pay indicate devaluing by a capitalist patriarchal society. A socialist feminist theory of sport participation by women foresees the possibility of a nonpatriarchal capitalist society. (JD)

  14. STEM Employment in the New Economy: A Labor Market Segmentation Approach

    Science.gov (United States)

    Torres-Olave, Blanca M.

    2013-01-01

    The present study examined the extent to which the U.S. STEM labor market is stratified in terms of quality of employment. Through a series of cluster analyses and Chi-square tests on data drawn from the 2008 Survey of Income Program Participation (SIPP), the study found evidence of segmentation in the highly-skilled STEM and non-STEM samples,…

  15. Standards as a tool aiding the decision processes in market economy

    Directory of Open Access Journals (Sweden)

    A. Tabor

    2010-04-01

    Full Text Available The long–lasting process of adaptation of the Polish standardisation system to the conditions of the European Community has not beencompleted yet. Its logical consequence is the need to shape the mentality of the entrepreneurs and make them understand the importance of standards and their value in a competitive market. It is the intention of the authors of this study to disclose the main aspects of standardisation at both Polish and European level, explain the model of standardisation system currently functioning in Poland, and against this background highlight the priorities in the standardisation policy adopted by the European Union, especially as regards some specific subjects, including – among others – problems related with environmental protection and occupational safety. In standardisation system, the problems of occupational safety and environmental protection are dealt with by a large group of standards harmonised with the New Approach Directive, which touches on the safety–related issues. Our knowledge of standards speaking the language of business is the challenge of modern times that should not be rejected, as in many cases it determines our competitiveness in the common market. The synthetic knowledge comprised in standards creates conditions for good decisions supporting the process of company development, strengthening its position in the European market, and creating the image of a successful modern enterprise ready to start cooperation with other enterprises, making – moreover – an important contribution to the economic management of products manufactured by varioustechnological processes.

  16. A phased transition to a market adjustment of the pseudo model of Russian economy

    Directory of Open Access Journals (Sweden)

    N. Komkov

    2015-01-01

    Full Text Available We consider a phased reform of the economic model of Russia. In less than one century, Russia was in the extreme conditions of the model economy: the developed socialism (1917 and perfect capitalism (1991. Within each of them there was the instability of socio-economic development: economic recovery alternated recession and huge reserves of natural resources and to develop and use of land is not always effective. At each extremity of the selection was based largely on the current political aims and attitudes formed by various social groups. Russia achieved the economic situation and the prevailing socio-economic model of many subjected to fair criticism. To improve it proposes a phased approach to reform, when the main focus is on "how" to move to a new state. The approach is based on consideration of the scenario approach to the reform of the basic components of the economic model that involves the formation of a better scenario analysis and evaluation of the expert community the degree of closeness of planned versions of the model national development objectives of the country.

  17. The Role of Marketing in Adult Permanent Vocational Training in the Context of the Current Economy

    Directory of Open Access Journals (Sweden)

    Geanina COLAN

    2009-01-01

    Full Text Available The problem of permanent vocational training is important in sustaining thevocational conversion of the working class. A change of views and mentality isdesirable regarding vocational training, in the sense that people need to be moreaware of the importance of permanent learning, more motivated in order tobroaden their horizon and more willing to develop their professional skills. Thelabour market in Romania has suffered important changes due to the economictransition process, which has been materialized especially on the level ofreducing the number of active workers and of employees, thus maintaining arelatively constant rate of unemployment and affecting the labour marketingespecially by a limited number of jobs.

  18. Concept of Conflict within New Economy Environment and Its Impact on the Market Mechanism

    Directory of Open Access Journals (Sweden)

    Umit Hacioglu

    2016-01-01

    Full Text Available The success of economic transition for countries mainly requires economic and politic stability. However the conflict paradigm affects the nature of economic transition. In this process, innovations have changed product technologies which have been required by economic growth. Presently, automation in standardized production industry is used as if it will take over the wage labor. Crises brought uniformities into agenda. Computer integrated manufacturing appeared in the midst of 1990s. However, production still tended to move to other countries with cheaper labor. The study focuses on interaction between the conflict and market mechanism in the light of the knowledge-based economic development.

  19. The EU anti-dumping policy against non-market economies - The choice of an analogue country and the quality of products

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Rutkowski, Aleksander Jerzy

    2003-01-01

    This paper uses the theory of international trade in vertically differentiated products in order to evaluate if the EU, since 1992, in its anti-dumping policy against the two non-market economies, Russia and China, has calculated higher dumping margins, when the level of economic development and ...

  20. The informal economy employment impacts of trade liberalization & increased competition in export markets

    DEFF Research Database (Denmark)

    Morocco and United States. The overall logic of such measures was that liberalization and privatization would stimulate trade, support the requested modernization of the production systems and infrastructures, and enhance public administrations and services as well. Positive impacts on income, employments...... and privatization processes were implemented at the international level by the WTO's, at regional level by the establishment of free trade agreements between individual states on the southern and eastern Mediterranean rim and the EU [under the Barcelona Process] and by bilateral agreements as the one signed between...... to focus on the impacts of restructuring in the formal textile and clothing sectors (TC) which is the major employer in three Maghrib countries: Algeria, Morocco and Tunisia. The textile and clothing sectors have been particularly exposed to increased competition in foreign and/or domestic markets...

  1. The Tax Reform of Romania Since the Transition to Market Economy

    Directory of Open Access Journals (Sweden)

    Dan Tudor LAZĂR

    2005-10-01

    Full Text Available This paper is trying to analyze the financial and fiscal reforms in Romania since 1989. The study is based on the necessity to be built a new fiscal system that meets the market economy’s requirements. The main concentration is focused on the debate of choosing tax policy. There are presented the two models of variation of income tax policy followed by Eastern European countries: flat income tax – a simple, efficient, but inequitable system (Estonia, Russia, Romania, etc. and progressive income tax – a complex, inefficient, but equitable system (Hungary, Czech Republic, Slovenia, etc. At the end of this article are presented, also the main advantages and disadvantages of this these tax policies based on national statistics and other countries experiences.

  2. The political economy of a tradable GHG permit market in the European Union

    International Nuclear Information System (INIS)

    Markussen, P.; Tinggaard Svendsen, G.; Vesterdal, M.

    2002-01-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)

  3. The political economy of a tradable GHG permit market in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Markussen, P; Tinggaard Svendsen, G; Vesterdal, M

    2002-07-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)

  4. Relation between financial market structure and the real economy: comparison between clustering methods.

    Science.gov (United States)

    Musmeci, Nicoló; Aste, Tomaso; Di Matteo, T

    2015-01-01

    We quantify the amount of information filtered by different hierarchical clustering methods on correlations between stock returns comparing the clustering structure with the underlying industrial activity classification. We apply, for the first time to financial data, a novel hierarchical clustering approach, the Directed Bubble Hierarchical Tree and we compare it with other methods including the Linkage and k-medoids. By taking the industrial sector classification of stocks as a benchmark partition, we evaluate how the different methods retrieve this classification. The results show that the Directed Bubble Hierarchical Tree can outperform other methods, being able to retrieve more information with fewer clusters. Moreover,we show that the economic information is hidden at different levels of the hierarchical structures depending on the clustering method. The dynamical analysis on a rolling window also reveals that the different methods show different degrees of sensitivity to events affecting financial markets, like crises. These results can be of interest for all the applications of clustering methods to portfolio optimization and risk hedging [corrected].

  5. Relation between financial market structure and the real economy: comparison between clustering methods.

    Directory of Open Access Journals (Sweden)

    Nicoló Musmeci

    Full Text Available We quantify the amount of information filtered by different hierarchical clustering methods on correlations between stock returns comparing the clustering structure with the underlying industrial activity classification. We apply, for the first time to financial data, a novel hierarchical clustering approach, the Directed Bubble Hierarchical Tree and we compare it with other methods including the Linkage and k-medoids. By taking the industrial sector classification of stocks as a benchmark partition, we evaluate how the different methods retrieve this classification. The results show that the Directed Bubble Hierarchical Tree can outperform other methods, being able to retrieve more information with fewer clusters. Moreover,we show that the economic information is hidden at different levels of the hierarchical structures depending on the clustering method. The dynamical analysis on a rolling window also reveals that the different methods show different degrees of sensitivity to events affecting financial markets, like crises. These results can be of interest for all the applications of clustering methods to portfolio optimization and risk hedging [corrected].

  6. INTERNATIONALIZATION OF ECONOMIC ACTIVITIES AND GOVERNMENT’S INVOLVEMENT IN THE MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    Nicolae ŢÂU

    2017-03-01

    Full Text Available Expanding economic relations and creating an international business environment, international business and the internationalization of the commercial transactions across national borders have become a prerequisite for companies, regardless of the activity they carry. Thus, internationalization is seen as a set of strategic methods, techniques and tools necessary to the companies to function abroad. As the effects of – fiscal and monetary – policies on the global demand and supply are unpredictable in time and space, it appears the requirement to substantiate, develop and put into practice a stabilizing strategy. Besides the indexes showing the evolution of the demand and supply, the market can offer economic agents other analysis and decision parameters as well, such as: economic and financial instruments for influencing the behaviour of the business environment.Obviously, the results depend also on how the authorities (legislative and executive, central and local work for a friendly business environment. There are two mechanisms that can be used for this purpose: fiscal policy (measures to enhance or reduce taxes, dues and public spending initiated by the Government and approved by Parliament; monetary policy (setting the interest rate and the money supply, respectively of the money stock for a specified period of time emitted and monitored (supervised by the National Bank.

  7. OPEC at middle age: facing an uncertain future in the world oil market economy

    International Nuclear Information System (INIS)

    1992-01-01

    International institutions, like individuals, groups, and even societies and cultures, pass through various stages in their development as they grow from youth through middle age into more experienced and mature members of the international community. OPEC, the Organization of Petroleum Exporting Countries, is no exception to this generally observable phenomenon on the world economic scene. It has clearly undergone a gradual process of growth over the past three decades or so since its establishment by five founding states in Baghdad in September 1960. OPEC's history since then could be characterized as being divided into three distinct developmental stages. The first decade, the 1960s, was a period of consolidation of OPEC's power over the oil companies and their control over the member countries'oil resources. The second decade - the 1970s - was a decade characterized by almost continuous and prolonged producer - consumer confrontation as well as revelation of some of the more basic cleavages within OPEC as an organization. This was followed by the decade of the 1980s -- a period of relative accommodation between producers and consumers in the interest of longer term market stability

  8. Maize dependence or market integration? Caries prevalence among indigenous Maya communities with maize-based versus globalized economies.

    Science.gov (United States)

    Vega Lizama, Elma Maria; Cucina, Andrea

    2014-02-01

    The relationship between diet and oral health is widely known, yet data on dental caries prevalence is lacking for many indigenous groups with traditional or rapidly modernizing diets. This research documents caries prevalence in two Maya communities from northern Yucatán (Mexico) with significantly different levels of market integration, subsistence, and diet: Yalsihón, with a traditional, maize-based subsistence economy, and Dzilam, with access to globalized food markets. Each sample was subdivided by sex into 15-19, 20-24, and 25-30 years-of-age classes. Caries prevalence was considered separately both when the lesion affected the enamel superficially (grade 1+) and when it reached the dentin (grade 2+). In both villages, females of all age classes manifest more caries than males. Results show higher prevalence of caries at Dzilam than at Yalsihón, except for grade 1+ caries among 15-19-year-old males and grade 2+ caries among 15-19-year-old females. Though differences are not significant, earlier pregnancies among 15-19-year-old females at Yalsihón could be a causative factor. A survey indicated a more balanced diet at Yalsihón despite a heavier intake of maize than at Dzilam. Striking differences were documented in the ingestion of soda and globalized foods; sodas were virtually absent at Yalsihón, while at Dzilam they were ingested daily in great quantities. The decline in oral health at Dzilam is inferred to result from consumption of industrially processed foods and drinks, while a traditional diet leads to less caries despite daily heavy consumption of maize, which must be considered when interpreting caries rates in archaeological samples. Copyright © 2013 Wiley Periodicals, Inc.

  9. CORPORATE SOCIAL RESPONSIBILITY AS A FACTOR OF ACCUMULATION OF NOVEL FORMS OF CAPITAL IN THE CONTEMPORARY MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    N. Grazhevska

    2018-03-01

    Full Text Available The role and importance of corporate social responsibility (CSR is highlighted as an important factor of accumulation of intellectual, social, reputational and cultural capital, ensuring the global competitiveness of modern market economies. The world experience of CSR development in the context of increasing the level of trust in society, accumulation and effective implementation of social capital is analyzed. The peculiarities of CSR development in Ukraine are emphasized, and the state priority actions are grounded in order to promote social responsibility of the business as a factor of accumulation of new forms of capital, namely: institutionally-organizational arrangement of effective interaction of private business and state, state encouragement of private business to implement CSR by providing tax privileges and benefits, informational support for CSR development, promotion of corporate social responsibility principles, spreading the ideas of CSR among employees, customers, communities, deepening of business cooperation with universities and research institutions towards adapting international best practices and training in the field of CSR.

  10. Mentality of nuclear energy and industry experts from post-socialist and post-capitalist countries and a problem of cooperation

    International Nuclear Information System (INIS)

    Gavrilov, S.D.; Kremnev, V.A.

    1996-01-01

    The disintegration of the Socialist Community and thereafter Yugoslavia, the Soviet Union and Czechoslovakia has led to the establishment of more than 20 post-socialist states. Their economies differ widely, and yet a mentality of the overwhelming majority of various strata of the population, including scientists and engineers, is almost invariable so far. The processes have had an effect on the mentality of nuclear experts, especially those who deal with nuclear weapon. The superposition of general crises of post-socialist countries and an availability of nuclear facilities and installations and nuclear technologies have already had an adverse effect on the specialists' mentality. On the other hand, experts from the post-capitalist countries have other mentalities and their socioeconomic position is cardinally distinguished. Thus, at most they may barely perceive the post-socialist specialists' envelope of mentality. It doesn't only prevent individuals' collaboration and organizations' cooperation by the lack of socio-culture-psychological misunderstanding,. In some instances it has already resulted in the interruption or cancellation of joint projects at the early stages of their implementation. The report is devoted to the problem of mutually beneficial interaction between experts and organizations from recently antagonistic systems, promoting better understanding, and a different rank specialists mentality convergence. The mentality and economic situation for experts from both the post-socialist countries and the Western industrial economies are discussed

  11. Top management turnover and firm default risk: Evidence from the Chinese securities market

    Directory of Open Access Journals (Sweden)

    Wei Ting

    2011-06-01

    Full Text Available China has moved rapidly from a socialist planned economy to a market economy. As a result, many enterprises in China are seeking talented top management to increase their performance and decrease their default risk. Studies abound regarding top management turnover and its relationship with firm performance, however, few studies have connected top management turnover with firm default risk. In China, a market with extensive financial fraud, firm default risk is an important factor and thus we explore this relationship in the Chinese securities market. Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period. In addition, following changes in top management, such firms default less than other companies.

  12. Top management turnover and firm default risk:Evidence from the Chinese securities market

    Institute of Scientific and Technical Information of China (English)

    Wei; Ting

    2011-01-01

    China has moved rapidly from a socialist planned economy to a market economy.As a result,many enterprises in China are seeking talented top management to increase their performance and decrease their default risk.Studies abound regarding top management turnover and its relationship with firm performance,however,few studies have connected top management turnover with firm default risk.In China,a market with extensive financial fraud,firm default risk is an important factor and thus we explore this relationship in the Chinese securities market.Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period.In addition,following changes in top management,such firms default less than other companies.

  13. Malaysia's Human Resource Strategies for a Knowledge-Based Economy - Comparing the Influence of Different Labur Market Relations

    DEFF Research Database (Denmark)

    Fleming, Daniel; Søborg, Henrik

    2010-01-01

    In the last 15-20 years the Malaysian government has sought to meet the increasing international competition in the labour intensive manufacturing industry by transforming the economy to a more knowledge-based economy. Impotant levers are industrial upgrading policies and partnerships with leadin...

  14. MODERN MARKETING, DETERMINANT CONCEPT IN THE REAPPRAISAL OF BUSINESS AND ORGANIZATIONAL PROFESSIONS AND OF TRAINING PROFESSIONALS IN THE NEW ECONOMY

    Directory of Open Access Journals (Sweden)

    Valerica OLTEANU

    2008-01-01

    Full Text Available The content of marketing is countinously redefined and reflected in new concepts, therefore leading to the development of a new concept the modern marketing. The modern marketing has as orientation and tendency the concept of internal marketing, understood as an extension of the vision, marketing philosophy on persons and networks within companies. The concept, at large, is reflected by the apparition and development of specific instruments: integrated marketing, integrated marketing communication, management of the supply-sales relationship. Integrated marketing is the concept that is based on defining marketing as a philosophy, optic, vision onall activities of the company and especially the difficulty and inefficiency of cooperation as a modality to implement this concept. This assessment raises the problem of using the modern marketing in education, as a necessity to modernize the management system and also the educational system.

  15. Social-geographic approaches to application of economic-mathematical modeling in predicting the place of Ukrainian farming economies in food market commoditization

    Directory of Open Access Journals (Sweden)

    Valeriy Rudenko

    2017-11-01

    Full Text Available Social-geographic analysis of farmery with application of economic-mathematical modeling allowed for prediction of farming economies’ role in food market commoditization. The equation of potential demand was suggested. Actual consumption and its recommended rates with respect to meat and meat products, milk and milk products, eggs, fish and fish products, bread and cereal products, potatoes, vegetables, fruits and berries, etc, were compared. Cartographic model of Ukrainian domestic food market’s potential capacity (within good-money relations was developed. The low level of purchasing power, especially in rural population, makes a high percentage of foodstuffs be beyond the goods-money relations. In rural areas, they (inclusive of farmers produce and consume a significant portion of foodstuffs that escaped the goods-money relations, or such foodstuffs were given to them by the relatives. We regard that in the process of assessment of the capacity of domestic food market, this share of products should also be taken into account. The assessment also necessitates consideration of the number of urban and rural population in Ukrainian regions; manufacturing of certain types of agricultural production; needs in this or that type of product as prescribed by minimal and rational consumption rates. When predicting, with the use of economic-mathematical modeling, the places of farming economies in commoditization of food market, it is reasonable to apply the parameters of time series of the number of farming economies and the areas of lands used by them with consideration of the dynamics of population number and the level of its (population self-provision with agricultural production. Application of predictive linear models shows that the share of production manufactured by farming economies will be most essential before 2020 on the market of potatoes and vegetables (reaching 15 %. Despite the predicted double increase in animal production, its share

  16. Measuring the Non-Observed Economy: A Survey-Based Study of Demand in the Korean Prostitution Market

    OpenAIRE

    KIM, WONSOON

    2013-01-01

    Illegal activities are by their nature difficult to measure, despite the potentially important role they play in the economy. Their inclusion in Korea’s GDP is necessary to reflect Korea’s national economy more precisely. In this paper, I use a variety of survey methods to provide an estimate of the incidence of prostitution. I estimate the demand for prostitution services in Korea by conducting stratified random sampling surveys of 671 Korean adult males. Because the survey topic was sensiti...

  17. 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...

  18. The National Socialist Sisterhood: an instrument of National Socialist health policy.

    Science.gov (United States)

    Schweikardt, Christoph

    2009-06-01

    When Adolf Hitler (1889-1945) came to power in 1933, the new Nazi government focused the German health system on their priorities such as the creation of a racially homogeneous society and the preparation of war. One of the measures to bring nursing under their control was the foundation of a new sisterhood. In 1934, Erich Hilgenfeldt (1897-1945), the ambitious head of the National Socialist People's Welfare Association (Nationalsozialistische Volkswohlfahrt), founded the National Socialist (NS) Sisterhood (Nationalsozialistische Schwesternschaft) to create an elite group that would work for the goals of the National Socialist German Workers' Party (Nationalsozialistische Deutsche Arbeiterpartei, NSDAP). Hilgenfeldt proclaimed community nursing as a priority for NS Sisterhood nurses. Catholic and Protestant sisters, who were traditionally dedicated to community nursing, were to be gradually replaced. However, other competing priorities, such as hospital service for the training of junior nurses and work in conquered regions, as well as the lack of NS nursing personnel, hampered the expansion of community nursing. The paper also addresses areas for future research: everyday activities of NS nurses, the service of NS Sisterhood nurses for NSDAP organisations such as the elite racist paramilitary force SS (Schutzstaffel, Protective Squadron), and involvement in their crimes have hardly been investigated as yet.

  19. Poland: biomedical ethics in a socialist state.

    Science.gov (United States)

    Szawarski, Zbigniew

    1987-06-01

    In one of a Hastings Center Report series of four country reports, a professor of ethics discusses the Polish approach to ethical issues in health care. Szawarski begins by outlining five factors that influence the practice of medicine in Poland: a socialist form of government, the influence of the Roman Catholic Church, an ongoing economic crisis, the legacy of the Nazi death camps, and a lack of formal instruction in biomedical ethics. He then discusses three current ethical concerns of physicians, patients, and the public: regulation of physician conduct, abortion, and in vitro fertilization. There is little formal public debate of the issues, however, and physicians seem committed to upholding traditional medical codes of ethics without analyzing underlying moral principles and justifications.

  20. Reforming economic institutions in transition economies: what determines the speed of reform?

    NARCIS (Netherlands)

    Oomes, N.; in 't Veld, D.

    2015-01-01

    This paper studies institutional divergence among two types of transition economies: (1) the former socialist economies of Central and Eastern Europe, which have gradually been converging to European levels of institutional quality, and (2) the countries of the Former Soviet Union, which have, on

  1. Does a foreign subsidiary’s network status affect its innovation activity? Evidence from postsocialist economies

    Directory of Open Access Journals (Sweden)

    Matija Rojec

    2010-06-01

    Full Text Available Questionnaire survey among 809 foreign subsidiaries in five post-socialist economies (East Germany, Poland, Romania, Slovenia and Croatia is used to study determinants of innovation activity of foreign subsidiaries. Findings demonstrate that foreign subsidiaries are relatively independent as far as innovation activity is concerned, while at the same time subsidiaries with better access to foreign parent companies R&D results are more likely to innovate. Important differences are found in factors that determine product and process innovation: subsidiaries that invest more in R&D exhibit higher probability for product but not for process innovation; transfer of responsibilities from headquarters to subsidiaries is conducive to process innovation; market-seeking motivation of foreign investors has a negative impact on product innovation status.

  2. 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?

  3. Corruption and the economy

    OpenAIRE

    Tanzi Vito

    2013-01-01

    This paper focuses on the economic and not on the political impact of corruption. Corruption delegitimizes the working of a market economy, as well as the outcomes of political processes. This paper highlights ways in which corruption, by distorting economic decisions and the working of the market economy, inevitably reduces a country’s rate of growth. The paper also discusses some of the channels through which corruption distorts various economic decisions. Finally, the paper reports o...

  4. The Snares of the Market Economy for Future Training Policy: Beyond the Heralding There Is a Need for Denunciation.

    Science.gov (United States)

    Petrella, Ricardo

    1994-01-01

    The global economy movement has four snares: the human resource taking precedence over the human being; a mindset of "the more skills, the better"; competitiveness that subjects people and labor to the imperatives of technology; and the dislocation caused by the emphasis on knowledge as the fundamental resource. (JOW)

  5. The Parallel Market for Foreign Exchange in an Oil Exporting Economy; The Case of Iran, 1978-1990

    OpenAIRE

    Adnan Mazarei

    1995-01-01

    This paper provides a model for the determination of the parallel market exchange rate premium in a country where oil export earnings accrue directly to the government, and foreign exchange is centrally allocated for the importation of specific goods. Next, it studies the parallel market for foreign exchange In the Islamic Republic of Iran during the period 1978-90. The paper then examines the various time series properties of parallel market exchange rate in Iran, and the evidence of the rol...

  6. Political economy of African uranium and its role in international markets. Final report. International energy studies program

    International Nuclear Information System (INIS)

    Lynch, M.C.; Neff, T.L.

    1982-03-01

    The history of uranium development in Africa is briefly summarized. Today there are 4 major uranium producing countries in Africa: Gabon, Niger, Namibia, and South Africa. These nations have the possibility of political instability. In addition, the uranium market has undergone a series of radical changes over the past decade. How these African nations have responded to this changing market, and how their roles in the international market relate to domestic political and economic factors are the topics of this report

  7. Relationship between the electric power supplier and customer during Romania's transition from an over-centralized to a market economy system

    International Nuclear Information System (INIS)

    Conecini, I.; Lung, I.

    1996-01-01

    A series of undertakings of RENEL is introduced which aim to improve the mutual relations between supplier and customer and to settle these relations on a partnership basis incurring responsibilities for both parties. Among these undertakings, one aims to improve the metering and billing system, with subsequent effects upon both electric power customer and supplier. The new relations, settled on a contract basis and made proper to the market economy make it necessary to control the electric power quality as well as the quality of the whole supply service to every customer. Within the electric power supply department, a privileged activity is the improvement of the systems for meter reading, billing and financial receipts. The document describes also the results obtained by RENEL following a market study. (author)

  8. Strategic framework for sustainable development in the period of transition towards market economy: Critical overview of the strategy of long-term development of Serbia

    Directory of Open Access Journals (Sweden)

    Hadžić Miroljub

    2005-01-01

    Full Text Available This paper offers a critical analysis of the strategic framework for long-term economic development of Serbia, of the role of strategic development in the success of the transition process, and the consequences of the lack of a development strategy. The strategy of long-term economic development of Serbia, as a programme intended to designate the economic and development policy of the state, is analyzed with the aim of finding an acceptable formulation of development strategy. The authors consider various approaches and propose a strategy for Serbia in the period of transition towards market economy. They also point out that, in the period of transition from a government-planned towards a market economy, strategy should be given greater importance than in periods that do not represent turning points, because of the greater possibility of incorrect policy making, potential conflicts of interest groups, reaching sustainable development, and maximizing prosperity. The authors take into account the advantages and disadvantages of the radical and of the gradualist approach to transition and propose formulating a development strategy that would contain combined elements of plan and market mechanisms. They believe that the process of transition lacks a clear development strategy, and that the quality of the existing development strategy of Serbia until 2010 is such that it cannot be understood as a serious approach to the transition issue. The authors stress the consequences of undergoing transition without a development strategy, that include inappropriate dynamic and sequence of reforms; a lack of coordination between development policy, macroeconomic policy, market reforms, and spatial planning policy; higher costs of transition, insufficient rate of economic growth, etc. They offer proposals for a comprehensive development framework (CDF and for strategic planning of territorial industrial development.

  9. NOVEMBER 1948: A WRITTEN TEST ON SOCIALIST REALISM

    Directory of Open Access Journals (Sweden)

    Irina CĂRĂBAŞ

    2015-05-01

    Full Text Available Drawing heavily on archival research, the paper analyses the formation of the discourse of socialist realism in Romanian post-war art. A questionnaire on socialist realism to which a number of artists responded in 1948 provides an intermediate phase that brought together more types of language and conceptions of art and reveals how the Soviet model was grafted onto local interwar theories.

  10. Farmer cooperatives in the food economy of Western Europe: an analysis from the Marketing point of view

    NARCIS (Netherlands)

    Meulenberg, M.T.G.

    1979-01-01

    This paper is concerned with an analysis of farmer cooperatives in Western Europe from the marketing point of view. The analysis is restricted to marketing and processing cooperatives. First some basic characteristics of farmer cooperatives are discussed from a systems point of view. Afterwards

  11. Linking Local Food Systems and the Social Economy? Future Roles for Farmers' Markets in Alberta and British Columbia

    Science.gov (United States)

    Wittman, Hannah; Beckie, Mary; Hergesheimer, Chris

    2012-01-01

    Often organized as grassroots, nonprofit organizations, many farmers' markets serve as strategic venues linking producers and consumers of local food while fulfilling multiple social, economic, and environmental objectives. This article examines the potential of farmers' markets to play a catalyst role in linking local food systems to the social…

  12. Comparing Socialist and Post-Socialist Television Culture. Fifty Years of Television in Croatia

    Directory of Open Access Journals (Sweden)

    Zrinjka Peruško

    2014-06-01

    Full Text Available This article builds a theoretical model for comparative analysis of media culture based on the notion of genre, and applies it to a comparative analysis of television as a cultural form in socialist and post-socialist Croatia. The paper explores how the shares and generic composition of program modes of information, entertainment and fiction change in time, and how the contribution of different genres to program flow and modes varies with the changes of political, economic and technological context. Longitudinal trends in television flows are comparatively evaluated in relation to trends in genre developments in Europe and their relationship to the changes in the cultural role of television. The results show a decrease in the information and an increase in the fiction mode between socialism and democracy, with some similarities of the Croatian and western television culture in relation to genre and mode composition and flow, albeit with a belated introduction of neo television genres. Notwithstanding the limited freedom of expression and ideological content, which necessarily influenced socialist media culture, television as a cultural form in Croatia developed in concert with the global program flows. The article is based on original content analysis of television schedules where the unit of analysis is a televisions program listing. The analogue television universe is represented by longitudinal data for 1959, 1969, 1979, 1989, 1999, and 2009. The stratified systematic sample (N=3934 for each chosen year consists of two constructed weeks from a universe of all listed programs broadcast on all free to air television channels with a national reach license.

  13. General Equilibrium in a Segmented Market Economy with Convex Transaction Cost: Existence, Efficiency, Commodity and Fiat Money

    OpenAIRE

    Starr, Ross M.

    2002-01-01

    This study derives the monetary structure of transactions, the use of commodity or fiat money, endogenously from transaction costs in a segmented market general equilibrium model. Market segmentation means there are separate budget constraints for each transaction: budgets balance in each transaction separately. Transaction costs imply differing bid and ask (selling and buying) prices. The most liquid instruments are those with the lowest proportionate bid/ask spread in equilibrium. Exist...

  14. Modern technology electrolysis for power application. II. The impact of the energy market on the hydrogen economy

    Energy Technology Data Exchange (ETDEWEB)

    LaRoche, U [Brown Boveri AG, Baden, Switzerland; Bidard, R

    1979-01-01

    This paper considers the effects of the energy market on the use of hydrogen as a fuel and discusses various schemes of supplanting fossil fuels. Different fossil fuel substitution models in various parts of the western community result in rather different timing of market penetration needs and possibilities. This requires a consideration of the time span needed to implement different technologies in the choice of hydrogen production methods.

  15. G20 action on the digital economy: Addressing market failures to improve the health of the digital infrastructure

    OpenAIRE

    Twomey, Paul

    2017-01-01

    Market failures are resulting in network operators and device manufacturers not being incentivized to ensure improved cyber security practices in their operations. The result is a large global base of vulnerable computers, modems/routers and Internet of Things devices which can be manipulated by Cyber criminals. Practical recommendations are made as to how governments could address these market failures (with low-cost to government) and significantly improve the health of the cyber ecosystem.

  16. 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...

  17. The impacts on U.S. energy markets and the economy of reducing oil imports. Service report

    International Nuclear Information System (INIS)

    1996-09-01

    The General Accounting Office (GAO) has responded to a request from Representative John Kasich by requesting that the Energy Information Administration (EIA) use the National Energy Modeling System (NEMS) to estimate the cost to the U.S. economy of reducing oil imports. The analysis summarized by this paper focuses on two approaches toward a target reduction in oil imports: (1) a set of cases with alternative world crude oil price trajectories, and (2) two cases which investigates the use of an oil import fee

  18. International migration of health professionals and the marketization and privatization of health education in India: from push-pull to global political economy.

    Science.gov (United States)

    Walton-Roberts, Margaret

    2015-01-01

    Health worker migration theories have tended to focus on labour market conditions as principal push or pull factors. The role of education systems in producing internationally oriented health workers has been less explored. In place of the traditional conceptual approaches to understanding health worker, especially nurse, migration, I advocate global political economy (GPE) as a perspective that can highlight how educational investment and global migration tendencies are increasing interlinked. The Indian case illustrates the globally oriented nature of health care training, and informs a broader understanding of both the process of health worker migration, and how it reflects wider marketization tendencies evident in India's education and health systems. The Indian case also demonstrates how the global orientation of education systems in source regions is increasingly central to comprehending the place of health workers in the global and Asian rise in migration. The paper concludes that Indian corporate health care training systems are increasingly aligned with the production of professionals orientated to globally integrated health human resource labour markets, and our conceptual analysis of such processes must effectively reflect these tendencies. Copyright © 2014 Elsevier Ltd. All rights reserved.

  19. Banking sector globalization and bank performance: A comparative analysis of low income countries with emerging markets and advanced economies

    Directory of Open Access Journals (Sweden)

    Amit Ghosh

    2016-06-01

    Full Text Available A key feature of financial services liberalization is the increasing presence of foreign banks in a nation. This study examines the impact of banking sector globalization on bank profits and cost efficiency by using a panel of 169 nations spanning 1998–2013. Employing both fixed-effects and GMM estimations, and including banking-industry and macroeconomic controls, I find greater banking-sector globalization to reduce both profits and cost inefficiency, thereby reflecting increased competitiveness and informational asymmetries in host markets, as well as assimilation of better technology, managerial practices by domestic banks. The results are further examined for nations across different levels of economic development and with different degrees of foreign bank presence. Only in emerging markets and in nations with more than 50% foreign banks, greater banking sector globalization positively affects profits. From a policy perspective, the findings call for banking regulatory authorities to implement polices to reduce informational asymmetries in host markets.

  20. Cheat Electricity? The Political Economy of Green Electricity Delivery on the Dutch Market for Households and Small Business

    OpenAIRE

    J. A. M. Hufen

    2016-01-01

    The European Commission’s renewable energy directive introduced a market-based Guarantees of Origin (GO)-trade system that gives consumers the choice of buying “real” green energy. This has been successful, as the market share of Dutch households that buy green energy grew to 64% in 2015. However, societal organizations are dissatisfied with the green energy offered, categorizing it as “cheat” electricity. This article aims to solve this riddle of a successful product created under the GO-tra...

  1. Energy and CO2 emissions performance in China's regional economies: Do market-oriented reforms matter?

    International Nuclear Information System (INIS)

    Lin, Boqiang; Du, Kerui

    2015-01-01

    This paper employs a newly developed non-radial directional distance function to evaluate China's regional energy and CO 2 emission performance for the period 1997–2009. Moreover, we analyze the impact of China's market-oriented reform on China's regional energy and carbon efficiency. The main findings are as follows. First, most of China's regions did not perform efficiently in energy use and CO 2 emissions. Provinces in the east area generally performed better than those in the central and west areas. By contrast, provinces in the west area generally evidenced the lowest efficiency. Second, Market-oriented reforms, especially the promotion of factor market, were found to have positive effect on the efficiency of energy use and CO 2 emissions. Third, the share of coal in the total energy consumption and the expansion of the industrial sector were found to be negatively correlated with China's regional energy and CO 2 emissions performance. Based on the empirical findings, we provide policy suggestions for enhancing energy and carbon efficiency in China. - Highlights: • A newly developed NDDF are applied to evaluate China's energy and carbon performance. • Most of China's regions did not perform efficiently in energy use and CO 2 emissions. • Market-oriented reforms contributed to improving China's energy and carbon efficiency

  2. Traditional ecological knowledge trends in the transition to a market economy: empirical study in the Doñana natural areas.

    Science.gov (United States)

    Gómez-Baggethun, Erik; Mingorría, Sara; Reyes-García, Victoria; Calvet, Laura; Montes, Carlos

    2010-06-01

    Researchers and conservation managers largely agree on the relevance of traditional ecological knowledge for natural resource management in indigenous communities, but its prevalence and role as societies modernize are contested. We analyzed the transmission of traditional knowledge among rural local people in communities linked to protected areas in Doñana, southwestern Spain. We studied changes in knowledge related to local practices in agriculture and livestock farming among 198 informants from three generations that cover the period in which the area transited from an economy strongly dependent on local ecosystem services to a market economy with intensified production systems. Our results suggest an abrupt loss of traditional agricultural knowledge related to rapid transformations and intensification of agricultural systems, but maintenance of knowledge of traditional livestock farming, an activity allowed in the protected areas that maintains strong links with local cultural identity. Our results demonstrate the potential of protected areas in protecting remaining bodies of traditional ecological knowledge in developed country settings. Nevertheless, we note that strict protection in cultural-landscape-dominated areas can disrupt transmission of traditional knowledge if local resource users and related practices are excluded from ecosystem management.

  3. Altered social cohesion and adverse psychological experiences with chronic food insecurity in the non-market economy and complex households of Burkina Faso.

    Science.gov (United States)

    Nanama, Siméon; Frongillo, Edward A

    2012-02-01

    Food insecurity negatively impacts outcomes in adults and children including parenting practices, child development, educational achievement, school performance, diet, and nutritional status. Ethnographic and quantitative research suggests that food insecurity affects well-being not only through the lack food, poor diet, and hunger, but also through social and psychological consequences that are closely linked to it. These studies are limited in number, and have mostly been carried out in contexts with market economies where household access to food depends almost solely on income. This study considers the social and psychological experiences closely linked to food insecurity in northern Burkina Faso, a context marked by subsistence farming, chronic food insecurity with a strong seasonal pattern, and a complex social structure. A total of 33 men and women from ten households were interviewed in February 2001 using semi-structured interview guides. Data were analyzed following the principles of thematic analysis. Food insecurity is closely linked with consequences such as concern, worries, and anxiety that ultimately lead to weight and sleep loss. Food insecurity results in feelings of alienation (e.g., shame) and deprivation (e.g., guilt), and alters household cohesion leading to disputes and difficulties keeping children at home. Decisions made by household members to manage and cope with food insecurity are shaped by their fear of alienation and other cultural and social norms. These findings, although derived from data collected 10 years ago before the 2008 food and fuel crises, remain valid in the study context, and emphasize the importance of social and psychological consequences closely linked to food insecurity and their negative impact on the well-being at both individual and household levels in contexts of non-market economy and chronic food insecurity. Attention to these non-nutritional consequences will improve the design, implementation, and evaluation

  4. Economic analysis of upgrading aging residential buildings in China based on dynamic energy consumption and energy price in a market economy

    International Nuclear Information System (INIS)

    Ouyang Jinlong; Lu Meijun; Li Bing; Wang Chunyuan; Hokao, Kazunori

    2011-01-01

    This article employed a standard LCC to conduct economic analysis of upgrading the aging residential buildings in China. According to the current situation, an interest rate of 6%, an inflation rate of 3%, an increase rate of annual energy savings of 2% and an increase rate of electricity price of 2% were assumed in the method. The results indicated that only relying on gradually increasing electricity price and governments' subsidies was not enough. After detailed analysis of the energy saving measures and the distribution of all benefits from building energy retrofit, it was found that actually only 1/3 of original cost was spent only for energy savings, the second 1/3 for both energy savings and good facade appearance and occupants should share the last 1/3 because even if without energy retrofit, they would have to pay the part too. The corresponding results proved that the first 1/3 of investment cost could be drawn back within the residue life cycle, and so the investment could be accepted in a sheer market economy. In the end, a model about distribution of investment cost of and benefits was proposed to adapt the market economy to overcome the financial problems in China. - Highlights: → The paper uses LCC to conduct economic analysis on building energy retrofit of China. → LCC considers dynamic energy use, energy price and economic development of China. → Only relying on increasing electricity price and governments' subsidies is not enough. → Actually only 1/3 of original cost is spent only for energy saving, can be drawn back. → Investors, governments and occupants should respectively pay 1/3 of investment cost.

  5. 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...

  6. A castle built on sand: the effects of mass privatization on stock market creation in transition economies

    Czech Academy of Sciences Publication Activity Database

    Fungáčová, Zuzana; Hanousek, Jan

    -, 14/2006 (2006), s. 1-27. ISBN 952-462-836-8. ISSN 1456-4564 Institutional research plan: CEZ:AV0Z70850503 Keywords : mass privatization * stock market s * transition Subject RIV: AH - Economics http://www.bof.fi/NR/rdonlyres/27CA8D56-6B3B-470C-B3AE-633673DDE1D8/0/dp1406.pdf

  7. The Role of the State and the Economy in the promotion of heat pumps on the market

    Energy Technology Data Exchange (ETDEWEB)

    Rognon, F.

    2008-07-01

    The laws defining the tasks of the Swiss Federal Office of Energy (SFOE) do not allow it to dictate measures, but to collaborate on the basis of voluntary actions. In the heat pump sector, the SwissEnergy action programme binds together 1 state, 26 cantons, 3000 communes, 50 manufacturers, 3500 installers, 1200 electricity companies and environmental agencies. In order to promote the use of renewable energies, the SFOE took the lead by creating the Swiss heat pump promotion group (GSP) in 1993. The idea was to bundle the market's forces to actively market and promote heat pumps for heating purposes. Under the umbrella of the Energy2000 (1990-2000) and the SwissEnergy (2001-2010) promotion programmes, the disparate heat pump sector was brought together and consolidated into being a key player on the heating market. The role of the SFOE and the GSP has changed with time. At the beginning, the SFOE decided what was to be done and the GSP did the job on a mandatory base. The SFOE was responsible for achieving the goals. The GSP gradually grew, so that since 2001 it has been able to determine the action plans itself. The SFOE sets the goals and the GSP is responsible for fulfilling them. The SFOE assures the coordination and the efficient use of resources. Its domain manager is responsible for the coordination of the whole chain from research and development to market, including quality management for all of the activities and the products as well. In this way, the government laid the foundations for the sector to become a success. This model can be applied to other domains or to other countries if some of the assessments and conditions described in the article are met. (author)

  8. The Role of the State and the Economy in the promotion of heat pumps on the market

    International Nuclear Information System (INIS)

    Rognon, F.

    2008-01-01

    The laws defining the tasks of the Swiss Federal Office of Energy (SFOE) do not allow it to dictate measures, but to collaborate on the basis of voluntary actions. In the heat pump sector, the SwissEnergy action programme binds together 1 state, 26 cantons, 3000 communes, 50 manufacturers, 3500 installers, 1200 electricity companies and environmental agencies. In order to promote the use of renewable energies, the SFOE took the lead by creating the Swiss heat pump promotion group (GSP) in 1993. The idea was to bundle the market's forces to actively market and promote heat pumps for heating purposes. Under the umbrella of the Energy2000 (1990-2000) and the SwissEnergy (2001-2010) promotion programmes, the disparate heat pump sector was brought together and consolidated into being a key player on the heating market. The role of the SFOE and the GSP has changed with time. At the beginning, the SFOE decided what was to be done and the GSP did the job on a mandatory base. The SFOE was responsible for achieving the goals. The GSP gradually grew, so that since 2001 it has been able to determine the action plans itself. The SFOE sets the goals and the GSP is responsible for fulfilling them. The SFOE assures the coordination and the efficient use of resources. Its domain manager is responsible for the coordination of the whole chain from research and development to market, including quality management for all of the activities and the products as well. In this way, the government laid the foundations for the sector to become a success. This model can be applied to other domains or to other countries if some of the assessments and conditions described in the article are met. (author)

  9. Proceedings of the Eighth Forum: Croatian Energy Day Energy markets and energy efficiency in transition economy countries'

    International Nuclear Information System (INIS)

    1999-01-01

    Energy efficiency is the sum total of various influential factors resulting from the technical, technological, economic, financial, legislative and organisational conditions that exist in each of the transition countries. It is not possible to achieve an efficient usage of energy as in the Western European countries unless the total efficiency of managing all other resources equals the same level. Therefore, in the preceding period only the most successful companies managed to take considerable steps as regards the enhancement of energy efficiency, i.e. companies present at the European market and equalling the criteria of the their competitors. The problem of energy efficiency can be explained with the help pf a number of factors influencing decision making of a company's management or a citizen. Those factors create a framework of events, i.w. an appropriate or an inappropriate atmosphere for the implementation of the measures to increase energy efficiency. Attitudes for and against certain activities develop in an atmosphere according to which individuals have to make decisions. Non-economic prices, non-existence of tariff systems or systems with socially influenced prices or tariffs, have a demotivating effect on all the activities in the field of energy efficiency. The existing legislation of the transition countries often enough neglects the problem of energy management, relating to either building planning and construction, or network systems, renewable sources or consumption standards at the market. The financial situation is also an important element when dealing with energy efficiency projects; high interest rates and major problems with the insurance of necessary financial funds impede their realisation. The support of expert and consulting institutions is a precondition for a successful choice of measures, and the educational system should take over its extremely important role at each of the education levels. Energy efficiency programmes cannot be

  10. Class and Gender in Prime-Time Television Entertainment: Observations from a Socialist Feminist Perspective.

    Science.gov (United States)

    Steeves, H. Leslie; Smith, Marilyn Crafton

    1987-01-01

    Assesses representations of women in television entertainment programs from a socialist feminist perspective. Elaborates on socialist feminist theory, presents concepts for an analysis of both class and gender oppression, and argues that most socialist feminist cultural studies do not address these categories adequately. Uses these concepts to…

  11. The effects of performance criteria including accounting, market, and economy on the quality of financial reporting: A case study on Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mohammad Mahdi Hosseini

    2013-01-01

    Full Text Available This research studies the effects of performance criteria (accounting, market and economy on the quality of financial reporting in Iran. To evaluate the variable financial reporting quality, the scores given to each company are applied based on the checklist introduced by Iranian Association of Certified Public Accountants and used for the disclosure of the information of the annual financial statements of companies. The statistical population of this research consists of the companies listed on Tehran Stock Exchange over the period 2006-2011. This research, which is classified as applied research, uses the methods of multivariate regression test. The data and hypotheses of this research are analyzed and tested using correlation test and means difference test. The results of the tests conducted on 99 companies indicate that there is a significant and positive relation between the rate of return on equity and the equality of financial reporting. There is also a significant and positive relation between earnings per share and the equality of financial reporting. However, there is no relationship between QTOBIN and the equality of financial reporting. Finally, our results indicate there is a significant and positive relation between market value-added and the equality of financial reporting.

  12. Concentration and Consolidation of the Romanian Bank System in the Reform and Transition Period to the Market Economy

    Directory of Open Access Journals (Sweden)

    Crina Angela Copil

    2015-01-01

    Full Text Available The countries from Central and Eastern Europe that have at their basis the Soviet Union mode based on a planned economy, centralized, without modern bank institution, were submitted to a process of bank consolidation in the period of 1990-2000. Romania is also among these countries submitted to a diverse process of bank reform. This paper proposes to analyze the period of restructuring of the Romanian bank system, the way in which the process of bank reform was made, which is aligned to the other countries in the process of transitions and which determined the delay of this process, but also a decreased efficiency of the bank system and the loss of its role of engine of the enterprise restructuring. The bank system from Romania was developed during many years of transitions, period characterized by an unstable macroeconomic environment, bank management without a discipline in the activity developed, the increase of the portfolio of low performance credits, the consolidation of the bank system was made by the intrusion of the foreign capital was made by investments of greenfield type, by the bank privatization, that began after 1997, by the taking over of some existent banks by other large banks.

  13. Building Sustainable Smallholder Cooperatives in Emerging Market Economies: Findings from a Five-Year Project in Kenya

    Directory of Open Access Journals (Sweden)

    John E. Meador

    2016-07-01

    Full Text Available A comparative study of two smallholder dairy cooperatives in Kenya examines the question: what factors are conducive to producing sustainable smallholder cooperatives that can gain entry into the vertical value chain in liberalized post-colonial economies? The relative weight of income advantage; selective individual incentives and, social capital on maintaining member patronage are assessed within variable environmental constraints and opportunities facing different cooperatives. The methodology includes case study observation of the cooperatives during a five-year period, as well as sample surveys of members and non-members that include indicators of dairy income; reasons why farmers elect to join or not join the cooperative; and assessments of the importance of different services provided by the cooperative. The findings show how the relative weight of specific incentives for cooperative membership can vary from one environment to another within the same nation. The most important finding is that maintaining sustainable smallholder cooperatives within an increasingly competitive environment depends on the ability of managers to create business strategies that are compatible with the cooperative’s environmental constraints but, at the same time, incentivize members’ patronage.

  14. Comprehending ecological and economic sustainability: comparative analysis of stability principles in the biosphere and free market economy.

    Science.gov (United States)

    Makarieva, Anastassia M; Gorshkov, Victor G; Li, Bai-Lian

    2010-05-01

    The global environmental imperative demands urgent actions on ecological stabilization, yet the global scale of such actions is persistently insufficient. This calls for investigating why the world economy appears to be so fearful of any potential environmental expenditure. Using the formalism of Lyapunov potential function it is shown that the stability principles for biomass in the ecosystem and for employment in economics are mathematically similar. The ecosystem has a stable and unstable stationary state with high (forest) and low (grasslands) biomass, respectively. In economics, there is a stable stationary state with high employment in mass production of conventional goods sold at low cost price, and an unstable stationary state with lower employment in production of novel products of technological progress sold at higher prices. An additional stable state is described for economics with very low employment in production of life essentials, such as energy and raw materials that are sold at greatly inflated prices. In this state the civilization pays 10% of global GDP for energy produced by a negligible minority of the working population (currently approximately 0.2%) and sold at prices exceeding the cost price by 40 times, a state when any extra expenditures of whatever nature appear intolerable. The reason lies in the fundamental shortcoming of economic theory, which allows for economic ownership over energy sources. This is shown to be equivalent to equating measurable variables of different dimensions (stores and fluxes), which leads to effective violation of the laws of energy and matter conservation in modern economics.

  15. ISSUES IN ROMANIAN BANKING SYSTEM IN THE CONTEXT OF REORGANIZING ITS ADAPTATION TO THE REQUIREMENTS OF THE MARKET ECONOMY

    Directory of Open Access Journals (Sweden)

    IOAN DUMITRU MOTONIU

    2011-01-01

    Full Text Available Based on the concept that the banking system is the engine of economic development, the paper is intended as a blueprint for the banking system in Romania since 1989, stages and parts of its reorganizing process. In the article is also carried out an analysis of the Romanian banking system in terms of numerical development banks and through the two indicators considered fundamental in the banking system: market share, expressed in terms of net balance sheet asset, that social / endowment capital and are presented the conclusions that have been drawn from this analysis.

  16. Cheat Electricity? The Political Economy of Green Electricity Delivery on the Dutch Market for Households and Small Business

    Directory of Open Access Journals (Sweden)

    J. A. M. Hufen

    2016-12-01

    Full Text Available The European Commission’s renewable energy directive introduced a market-based Guarantees of Origin (GO-trade system that gives consumers the choice of buying “real” green energy. This has been successful, as the market share of Dutch households that buy green energy grew to 64% in 2015. However, societal organizations are dissatisfied with the green energy offered, categorizing it as “cheat” electricity. This article aims to solve this riddle of a successful product created under the GO-trade system but also heavily criticized. Research reveals a lively marketplace with buyers eager to buy green energy and energy producers offering a wide range of labels. Marketplace mechanisms are strongly influenced by political choices, and financial support for energy suppliers makes green energy a credible option. Societal groups, however, argue that the information provided is incomplete and misleading, that buying green energy does not impact positively on greenhouse gas reduction, and that better information and structural reform are required. The GO-trade system is strongly influenced by member states’ national energy politics. Societal organizations have helped to optimize the implementation of the GO-trade system in the Netherlands, but they are not expected to be able to support the creation of a level playing field in which an optimal GO-trade system will flourish.

  17. Walking the Line: Navigating Market and Gift Economies of Care in a Consumer-Directed Home-Based Care Program for Older Adults.

    Science.gov (United States)

    Torres, Jacqueline M; Kietzman, Kathryn G; Wallace, Steven P

    2015-12-01

    Paid caregivers of low-income older adults navigate their role at what Hochschild calls the "market frontier": the fuzzy line between the "world of the market," in which services are exchanged for monetary compensation, and the "world of the gift," in which caregiving is uncompensated and motivated by emotional attachment. We examine how political and economic forces, including the reduction of long-term services and supports, shape the practice of "walking the line" among caregivers of older adults. We used data from a longitudinal qualitative study with related and nonrelated caregivers (n = 33) paid through California's In-Home Supportive Services (IHSS) program and consumers of IHSS care (n = 49). We analyzed the semistructured interviews (n = 330), completed between 2010 and 2014, using a constructivist grounded theory approach. Related and nonrelated caregivers are often expected to "gift" hours of care above and beyond what is compensated by formal services. Cuts in formal services and lapses in pay push caregivers to further "walk the line" between market and gift economies of care. Both related and nonrelated caregivers who choose to stay on and provide more care without pay often face adverse economic and health consequences. Some, including related caregivers, opt out of caregiving altogether. While some consumers expect that caregivers would be willing to "walk the line" in order to meet their needs, most expressed sympathy for them and tried to alter their schedules or go without care in order to limit the caregivers' burden. Given economic and health constraints, caregivers cannot always compensate for cuts in formal supports by providing uncompensated time and resources. Similarly, low-income older adults are not competitive in the caregiving marketplace and, given the inadequacy of compensated hours, often depend on unpaid care. Policies that restrict formal long-term services and supports thus leave the needs of both caregivers and consumers unmet

  18. Potential Effects of a Scenario Earthquake on the Economy of Southern California: Labor Market Exposure and Sensitivity Analysis to a Magnitude 7.8 Earthquake

    Science.gov (United States)

    Sherrouse, Benson C.; Hester, David J.; Wein, Anne M.

    2008-01-01

    The Multi-Hazards Demonstration Project (MHDP) is a collaboration between the U.S. Geological Survey (USGS) and various partners from the public and private sectors and academia, meant to improve Southern California's resiliency to natural hazards (Jones and others, 2007). In support of the MHDP objectives, the ShakeOut Scenario was developed. It describes a magnitude 7.8 (M7.8) earthquake along the southernmost 300 kilometers (200 miles) of the San Andreas Fault, identified by geoscientists as a plausible event that will cause moderate to strong shaking over much of the eight-county (Imperial, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura) Southern California region. This report contains an exposure and sensitivity analysis of economic Super Sectors in terms of labor and employment statistics. Exposure is measured as the absolute counts of labor market variables anticipated to experience each level of Instrumental Intensity (a proxy measure of damage). Sensitivity is the percentage of the exposure of each Super Sector to each Instrumental Intensity level. The analysis concerns the direct effect of the scenario earthquake on economic sectors and provides a baseline for the indirect and interactive analysis of an input-output model of the regional economy. The analysis is inspired by the Bureau of Labor Statistics (BLS) report that analyzed the labor market losses (exposure) of a M6.9 earthquake on the Hayward fault by overlaying geocoded labor market data on Instrumental Intensity values. The method used here is influenced by the ZIP-code-level data provided by the California Employment Development Department (CA EDD), which requires the assignment of Instrumental Intensities to ZIP codes. The ZIP-code-level labor market data includes the number of business establishments, employees, and quarterly payroll categorized by the North American Industry Classification System. According to the analysis results, nearly 225,000 business

  19. The effects of LNG imports on the North American natural gas market and the economy of Atlantic Canada

    International Nuclear Information System (INIS)

    Howard, P.H.; Kralovic, P.; McColl, D.C.; Mutysheva, D.; Stogran, M.; Ryan, P.C.; Brown, M.; Gardner, M.; Hanrahan, M.

    2006-01-01

    Liquefied natural gas (LNG) is natural gas that has been cooled to a point that it condenses in a liquid state. As such, it is economical to transport over long distances in specially designed double-hulled tankers. With record high price, high demand and tight supply of natural gas, LNG has attracted considerable attention in recent years, and trade is expected to be 18 per cent of North American gas supply by 2020. Volatility in North American natural gas markets is felt strongly along the east coast, with demand dominated by gas-fired power generation. There are 5 facilities proposed to import LNG into the Maritimes and the province of Quebec. These include the Bear Head and Keltic facilities in Nova Scotia, Canaport in New Brunswick and the Rabaska and Cacouna facilities in the province of Quebec. There is a need for a comprehensive analysis of east coast gas development, given the degree of uncertainty regarding significant investment in gas supply, demand, pipelines and LNG projects. This report examined many possible changes in regional marketplace conditions with particular attention to the effects on the economic viability of natural gas developments in Atlantic Canada; the impacts of LNG imports on capacities and flows in natural gas pipeline corridors; and, the influence of increased natural gas supplies on local and regional prices. In order to examine the impact of LNG imports on the development of the natural gas industry, this report provided a 15-year natural gas flow and price simulation for Atlantic Canada, New England and the Mid-Atlantic region. It considered how LNG imports may influence the development of compressed natural gas and the impact that CNG may have on regional markets and infrastructure. It was concluded that the most direct impacts the LNG facilities will have on Atlantic Canada, other than the impacts of terminal construction, jobs and tax revenue, will be the security of supply to area residents and the availability of gas

  20. Importance of Non-banking Financial Institutions and of the Capital Markets in the Economy. The Case of Romania

    Directory of Open Access Journals (Sweden)

    Marilen Pirtea

    2008-05-01

    Full Text Available Deep and broad financial markets facilitate savings mobilization, by offering both individuals and insitutional savers and investors additional instruments and channels for placement of their funds at more attractive returns than are available on bank deposits. Bank and non-bank financial intermediation are both key elements of a sound and stable financial system. Both sectors need to be developed as they offer important synergies, meant to foster economical growth. While banks dominate the financial systems in most countries, business, households, and the public sector rely on the availability of a wide range of financial products to meet their financial needs. Such products are not provided only by banks, but also by insurance, leasing, factoring, and venture capital companies as well as mutual funds or pension funds.

  1. Managing water supply systems using free-market economy approaches: A detailed review of the implications for developing countries

    Science.gov (United States)

    Chikozho, C.; Kujinga, K.

    2017-08-01

    Decision makers in developing countries are often confronted by difficult choices regarding the selection and deployment of appropriate water supply governance regimes that sufficiently take into account national socio-economic and political realities. Indeed, scholars and practitioners alike continue to grapple with the need to create the optimum water supply and allocation decision-making space applicable to specific developing countries. In this paper, we review documented case studies from various parts of the world to explore the utility of free-market economics approaches in water supply governance. This is one of the major paradigms that have emerged in the face of enduring questions regarding how best to govern water supply systems in developing countries. In the paper, we postulate that increasing pressure on available natural resources may have already rendered obsolete some of the water supply governance regimes that have served human societies very well for many decades. Our main findings show that national and municipal water supply governance paradigms tend to change in tandem with emerging national development frameworks and priorities. While many developing countries have adopted water management and governance policy prescriptions from the international arena, national and local socio-economic and political realities ultimately determine what works and what does not work on the ground. We thus, conclude that the choice of what constitutes an appropriate water supply governance regime in context is never simple. Indeed, the majority of case studies reviewed in the paper tend to rely on a mix of market economics and developmental statism to make their water governance regimes more realistic and workable on the ground.

  2. Power, ideology and children: Socialist childhoods in Czechoslovakia

    Directory of Open Access Journals (Sweden)

    Marek Tesar

    2018-04-01

    Full Text Available There was not one, singular childhood in socialist Czechoslovakia, but many and diverse, plural, childhoods. Spanning over 40 years (1948–1989, the Czechoslovak communist governance produced diverse conceptualisations of childhoods that remain often invisible, unexplored, and the current analyses are at best sketchy and refer mostly to pedagogical nuances of strong ideological pedagogical struggles. One way to explore such an abundance of historical data in a short journal article is to utilise a somewhat personal narrative of a child. This dialogic approach allows the strong presence of the voice of a child, re-told from an adult’s perspective, and it methodologically justifies an approach to thinking and theorising of socialist childhoods through Vaclav Havel’s (1985; 1989; 1990 theoretical thinking that has been utilised in philosophy of education previously (see Tesar, 2015e. There are also other examples of complex and thorough analyses of socialist childhoods in other countries (see for example Aydarova et al, 2016, and theoretical thinking about the socialist child as a foreigner to its own land, can be done through Kristeva’s lens (Arndt, 2015.

  3. Housing restitution policies among post-socialist countries: explaining divergence.

    Czech Academy of Sciences Publication Activity Database

    Lux, Martin; Cirman, A.; Sunega, Petr

    2017-01-01

    Roč. 17, č. 1 (2017), s. 145-156 ISSN 1461-6718 R&D Projects: GA ČR GA16-06335S Institutional support: RVO:68378025 Keywords : housing privatisation * property restitution * post-socialist countries Subject RIV: AO - Sociology, Demography OBOR OECD: Sociology

  4. Liberalization and enlargement: effects of the industrial organisation of natural gas markets in Eastern Europe

    International Nuclear Information System (INIS)

    Pirovska, M.

    2005-01-01

    After half a century of political division within the European continent, and of State control over national energy industries, a new industrial and political organisation model aiming at creating a single natural gas market tends to emerge currently within the enlarged European Union. Yet new member countries are former centrally planned, socialist economies, with very different industrial structures for natural gas. However, those countries should adjust to the institutional framework applicable in the European Union, including bringing their gas industries into compliance with the liberalization process that old member countries initiated years ago. In that unprecedented context, one basic issue is whether the gas industry liberalization, in the framework of the enlargement, will have expected results in terms of competition, efficiency and profits for Eastern countries, whether new members or candidates for membership. The objective of the research work behind this article was to analyse the effects of that complex trend on the industrial organisation of gas markets in eastern Europe. (author)

  5. Renewable energy in a market-based economy: How to estimate its potential and choose the right incentives

    International Nuclear Information System (INIS)

    Faundez, Pablo

    2008-01-01

    A model to explain and predict market-driven investment in renewable energy capital is proposed. The model is suitable for application to the biomass, wind, solar and ocean-derived energy industries. It basically assumes that, given a set of prices and a specific technology, the marginal efficiency of capital invested in these industries only depends on the productivity of the project's site and on its energy transport distance. As suggested by traditional investment theory, the model supposes that only those projects offering marginal efficiencies of capital above the current available rate of interest would be implemented, thus demarcating a region in the productivity-energy transport distance space where all the economically viable projects should lie. By relating this region to the geographic space available for development, total potential investment can be deduced. By using cash flows defined in variable energy transport distance and mean wind speed, a case study for the Chilean wind energy industry is presented. The use of the model to analyse the effect of alternative support schemes for wind energy in Chile is briefly demonstrated. It is concluded that for increasing the area economically available for the development of new wind farms, a research and development support scheme aimed at reducing investment cost of wind turbines by 25% is equivalent to a 20% price subsidy on energy. (author)

  6. Enterprise Marketing Strategy Innovation in Experience Economy Era-- Taking Kentucky as an Example%体验经济时代企业营销策略创新--以肯德基为例

    Institute of Scientific and Technical Information of China (English)

    谢桂花

    2014-01-01

    In experience economy era,enterprises uses innovative marketing strategy,and KFC“who can represent KFC”advertisement is a vivid example. Enterprise marketing environment changes in experience economy era,enter-prise competition heats up,consumer demand has new features,modern science and technology makes consumers con-nected closly. The innovation of the enterprise marketing strategy includes experiential marketing,use of mobile social media for marketing,personalized marketing and event marketing.%体验经济时代,企业开始运用创新营销策略,肯德基公司的“谁能代表肯德基”投票广告就是一个鲜活的例子。体验经济时代企业营销环境发生变化:企业竞争白热化、消费者需求出现新特征、现代科技导致消费者联系日趋密切。企业营销策略的创新包括广泛开展体验式营销、利用移动社交媒体开展口碑营销、实施个性化营销和使用事件营销。

  7. Price Discrimination, Economies of Scale, and Profits.

    Science.gov (United States)

    Park, Donghyun

    2000-01-01

    Demonstrates that it is possible for economies of scale to induce a price-discriminating monopolist to sell in an unprofitable market where the average cost always exceeds the price. States that higher profits in the profitable market caused by economies of scale may exceed losses incurred in the unprofitable market. (CMK)

  8. Apertura económica- seguridad alimentaria y economía campesina Free market, tood security and peasant economy

    Directory of Open Access Journals (Sweden)

    Herrera Rojas Gilberto

    1996-06-01

    Full Text Available Las importaciones agrícolas sin restricciones que vinieron con la apertura económica, especialmente las de maíz y fríjol que se hicieron durante el segundo semestre de 1995, afectaron fuerte y negativamente a los productores colombianos, sobretodo a los campesinos. En estudios de caso realizados en la provincia Guanentina de Santander, se comprobó que los campesinos sufrieron fuertes pérdidas en la cosecha de fríjol del segundo semestre del año anterior. Los precios al productor se derrumbaron a casi el 60% de los precios históricos, por culpa de las importaciones indiscriminadas de fríjoles provenientes de Canadá, Ctrína, USA, Ecuador y Perú (sin contar el contrabando que llegó por las fronteras de Ecuador y Venezuela. Los productores colombianos están muy lejos de poder competir con los precios internacionales que oscilaron entre US$ 0,40 y US$ 0,60 el kilogramo, mientras los costos de producción estaban por encima de los US$ 0,80 el kilo. Esa cosecha arruinó a miles de campesinos en Santander, algunos de los cuales emigraron hacia las ciudades de la costa atlántica. Las importaciones de maíz, el año pasado, casi se duplicaron y los precios que recibieron los productores nacionales cayeron en casi un tercio. En 1996, los precios reaccionaron por factores coyunturales de
    corto y mediano plazo en USA y en la China. La tendencia en los mercados mundiales es que los grandes productores quebrarán la producción de países como el nuestro que
    dependerán, cada vez más, de las importaciones. Colombia está muy lejos de poder competir con los rendimientos, costos de producción y precios de Canadá, USA y Argentina.
    El dilema es que ambos cultivos son parte crucial de la seguridad alimentaria del campesinado y del país.
    Agricultural importation whithout restriction which come with international free market,especially com and kidney beans, durig the second semester of 1995, affecting strongly and negatively

  9. Participation in a post-socialist society

    DEFF Research Database (Denmark)

    Eskemose Andersen, Jørgen

    2004-01-01

    Urban development and urban planning in a society like the Mozambican under transformation from a centrally planned society to a market oriented democracy. The transition from a one party state to a multiparty state involving participation of the population is a lengthy process with many obstacles...

  10. 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...

  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...... 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...

  12. 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...

  13. Market-opening rules and potentialities of destabilization of hierarchical power industries in an open economy: institutional scenarios on the French power industry

    International Nuclear Information System (INIS)

    Finon, D.

    1999-08-01

    The purpose of the paper is to analyse the reform of the French power industry, the extreme integration of the industrial organisation of which is deeply rooted in the French institutional particularisms. After the presentation of the main features of the 1999 reform, different elements of instability of the new structure are pointed out: the over-dominant position of the incumbent company which dissuades entries, institutional isomorphism between economies integrated to a regional space (heterogeneity of structures between European Community countries generates problems of reciprocity and fairness), and the end of the traditional capture of the regulator by the incumbent company because of the autonomy of the function of regulation. Two institutional scenarios are defined, which give a different weight to two competition paradigms in conflicts: the traditional ''industrial economics'' which inclines to preserve hierarchy in the national area to gain competitive advantages in the European field, and the neo-classical paradigm. In the first one, in the name of strategic efficiency, the integration of the industrial organisation could be preserved in spite of the asymmetry of structures between countries, and the playing field is the continental Europe on which national champions compete. In the second one the French industrial organisation has to conform to the competitive model, with vertical and horizontal disintegration and creation of a power exchange market. This scenario necessitates to test the force of the institutional determinism of the nuclear legacy. (author)

  14. Central Bank Reform, Liberalization and Inflation in Transition Economies : An International Perspective

    NARCIS (Netherlands)

    Cukierman, A.; Miller, G.P.; Neyapti, B.

    2000-01-01

    This paper develops extensive new data on the legal independence of new central banks in 26 former socialist economies (FSE).This data is constructed using the codification system for measuring legal independence developed in Cukierman, Webb and Neyapti (1992) and in chapter 19 of Cukierman

  15. 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.

  16. Nuclides Economy

    International Nuclear Information System (INIS)

    Ivanov, Evgeny; Subbotin, Stanislav

    2007-01-01

    Traditionally the subject of discussion about the nuclear technology development is focused on the conditions that facilitate the nuclear power deployment. The main objective of this work is seeking of methodological basis for analysis of the coupling consequences of nuclear development. Nuclide economy is the term, which defines a new kind of society relations, dependent on nuclear technology development. It is rather closed to the setting of problems then to the solving of them. Last year Dr. Jonathan Tennenbaum published in Executive Intelligence Review Vol. 33 no 40 the article entitled as 'The Isotope Economy' where main interconnections for nuclear energy technologies and their infrastructure had been explained on the popular level. There he has given several answers and, therefore, just here we will try to expand this concept. We were interested by this publication because of similarity of our vision of resource base of technologies development. The main paradigm of 'Isotope economy' was expresses by Lyndon H. LaRouche: 'Instead of viewing the relevant resources of the planet as if they were a fixed totality, we must now assume responsibility of man's creating the new resources which will be more than adequate to sustain a growing world population at a constantly improved standard of physical per-capita output, and personal consumption'. We also consider the needed resources as a dynamic category. Nuclide economy and nuclide logistics both are needed for identifying of the future development of nuclear power as far we follow the holistic analysis approach 'from cave to grave'. Thus here we try to reasoning of decision making procedures and factors required for it in frame of innovative proposals development and deployment. The nuclear power development is needed in humanitarian scientific support with maximally deep consideration of all inter-disciplinary aspects of the nuclear power and nuclear technologies implementation. The main objectives for such

  17. Iraq's Economy: Past, Present, Future

    National Research Council Canada - National Science Library

    Sanford, Jonathan E

    2003-01-01

    .... This pattern was most pronounced during the recent regime of Saddam Hussein, which was at root a centrally-directed command economy with some trappings of market economics and crony capitalism...

  18. Biochar: Promoting citizen driven carbon capture economies by developing science-inspired products that create a pull in the biochar market.

    Science.gov (United States)

    Hood-Nowotny, Rebecca; Ziss, Elisabeth

    2017-04-01

    Prevention of catastrophic climate change requires push-pull mechanisms to attain critical mass engagement in reducing global carbon emissions or through large scale carbon capture, which is currently administered through international carbon trading schemes. Unfortunately the formal carbon trading market appears to be in disarray, as there is crisis of trust in the system; as a result the carbon credit prices are low and investment in solutions has almost ground to a halt. However there is still a public and commercial demand for trustworthy carbon credit products; consequently a vibrant and growing market. With this in mind we wanted to develop high value carbon-based substitution products for glass house production that that could have significant peripheral benefits to create market pull mechanisms. We systematically tested a variety biochar based products in hydroponic growing systems and commercial nursery scenarios, to determine their potential as substitute products. Results suggested that the high pH of the raw-biochar produced rendered it unsuitable for hydroponic production. Blending and buffering of the biochar for plant production was investigated and showed greater promise with comparable production potential. In another arm of horticultural production millions of cubic metres of peat are used across Europe each year. Biochar has a number of comparable properties to peat, it holds water, forms air pockets or pores to provide oxygen to plant roots and allows for drainage, it is light and most importantly it is sterile. In combination with other horticultural media such as compost, biochar blends could be a viable alternative to peat. Although there has been an explosion of research into the effect of biochar as a soil amendment, most of these publications deal with the impact of biochar on the carbon sequestration capacity of soils however few address the peripheral benefits of biochar on soil water holding capacity specifically in a horticultural

  19. Economy and energy politic

    International Nuclear Information System (INIS)

    Martin, J.M.

    1992-01-01

    This book, divided into four parts, describes, first, energy consumption and national economy growth. In a second part, the irresistible ascent of coal, natural gas and petroleum international markets is studied. In the third part, energy politic is investigated: exchanges releasing, prices deregulation, contestation of power industry monopoly, energy national market and common energetic politic, single market concept. In the last part, global risks and world-wide regulations are given: demand, energy resources, technical changes, comparative evaluations between fossil, nuclear and renewable energies, environment, investments financing and international cooperation. 23 refs., 14 figs., 16 tabs

  20. Investing in gas industry in economies in transition

    International Nuclear Information System (INIS)

    Prins, J.

    1996-01-01

    Financing of energy projects in Central and Eastern Europe is meant for markets in transition which induces the financing concepts of the projects and preconditions international funding. The basic conditions to be fulfilled in transition from command economy to market economy are liberalisation and privatisation of energy markets. Preconditions include: prices and tariff at market; regulatory environment supporting independent projects and local capital markets

  1. 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...

  2. Young Socialist Men in Mid-Sixties Britain

    DEFF Research Database (Denmark)

    Hughes, Celia Penelope

    2012-01-01

    This article examines the political, social and psychological experiences of a group of young working-class men who in the early-to-mid 1960s became active members in branches of the Labour Party Young Socialists. Concentrated in London's East End, these branches had become increasingly open...... to the politics of International Socialism, a tiny libertarian Trotskyist group that provided these young men with a political education and a social circle, and propelled them into a bourgeoning activist network. Activism in their groups occurred at a crucial moment of personal and political transition – social...... at subjectivity and gender to understand how their sub-culture provided for childhood structures of feeling and early class identity and to consider what meaning they derived from active socialist involvement....

  3. ANALYSIS OF THE ROMANIAN ADVERTISING MARKET

    Directory of Open Access Journals (Sweden)

    CHIRILA SOFIA

    2010-12-01

    Full Text Available Once with the gradual disappearance of the monopoly of the state and the socialist economy, the Romanians were forced to reinvent advertising and marketing communications. The tests on our own have turned into a need to professionalize these fields, which are one of the most powerful engines of the economy and contemporary social life. Reinventing turned, as so often in our modern history, into a synchronization process, of rapid combusting stage;the talent and the enthusiasm of the Romanian advertisers were molded on the prescriptions and the institutions that already had a stock of knowledge accumulated during more than a century. The result was a continuous progress, resulted in a spectacular economic growth of the industry and in the awards obtained by local creations at international festivals. The TV spots, radio, posters, giant billboards and press designs have become some of the most spectacular manifestations of contemporary culture, they are brilliant, eyecatching, arouse strong emotions and desires, require that we identify with the characters that we love, make us smile or make us think.

  4. Hospital reforms in France under a Socialist government.

    Science.gov (United States)

    De Pouvourville, G

    1986-01-01

    French health care faced the dual crises of rising costs and excess physicians. No government, whether left or right, could avoid focusing reform on the extensive public hospital system. Many differences introduced by the Socialists after 1981 were rhetorical and relational--matters of "democratization" of governance and "control" of physicians. Paradoxically, the two major structural reforms, "departmentalization" and "global budgeting," were extensions of actions begun under preceding governments. Neither has come to fruition yet.

  5. Research document no. 19. The transposition conditions of the market institutions in transition economies (Russia). The energy case; Cahier de recherche no. 19. Les conditions de transposition des institutions de marche dans les economies en transition (Russie). Le cas de l'energie

    Energy Technology Data Exchange (ETDEWEB)

    Locatelli, C

    2000-07-01

    The majority of the institutions of the market economy exist today in Russia but they do not take on with the russian economic framework. One assists in fact with particular appropriation modes of these institutions, defining behaviors directed by logics of survival. To analyze the situation, the author presents the standard approaches of the economic transition in the case of the energy in russia and the institutional and organization models failure. (A.L.B.)

  6. Marketing.

    Science.gov (United States)

    Chambers, David W

    2010-01-01

    There is not enough marketing of dentistry; but there certainly is too much selling of poor quality service that is being passed off as dentistry. The marketing concept makes the patient and the patients' needs the ultimate criteria of marketing efforts. Myths and good practices for effective marketing that will promote oral health are described under the traditional four "Ps" categories of "product" (best dental care), "place" (availability), "promotion" (advertising and other forms of making patients aware of available services and how to use them), and "price" (the total cost to patients of receiving care).

  7. 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...

  8. 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...

  9. The Clean Air Act and the Economy

    Science.gov (United States)

    Since 1970, cleaner air and a growing economy have gone hand in hand. The Act has created market opportunities that have helped to inspire innovation in cleaner technologies for which the United States has become a global market leader.

  10. Building in a Market Economy

    DEFF Research Database (Denmark)

    Bonke, Sten; Levring, Peter

    This book offers a "state of the art" introduction to the "Danish way" of building. It presents a source of information and inspiration to the complex transitional process of rearranging the construction sectors in Central and Eastern European countries. The text gives a historical presentation o...... and functions of the main actors in the building process. During these passages and in a final section important future developments are highlighted, and characteristic research and development projects are presented....... of the development in the built environment since the second world war. Subsequently the different current regulative systems on state and on building industry level are revised. The more practical managerial methods are then elaborated and associated with the common organisational frameworks, indicating the roles...

  11. Economy and the fuel market

    International Nuclear Information System (INIS)

    1994-01-01

    The nuclear fuel manufacturing constitutes a considerable venture for the competitiveness of the nuclear power sector although it represents a relatively modest fraction (around 4%) of the nuclear kWh cost. The COGEMA group is participating through its branches in the control of the most part (32%) of the world manufacturing capacity of fuel for PWR. Amounting up to 242 operating installations this reactor type is the most widespread in the world. The paper discusses the costs, the fuel clients and the fuel suppliers. Data concerning the boiling water and fast neutron reactors, geographical localization of the PWR and VVER reactors all over the world, the PWR and fuel for PWR manufacturers are also presented

  12. 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...

  13. 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...

  14. Iran's Economy

    National Research Council Canada - National Science Library

    Ilias, Shayerah

    2008-01-01

    .... To the extent that U.S. sanctions and other efforts to change Iranian state policy target aspects of Iran ssssssss economy as a means of influence, it is important to evaluate Iran's economic structure, strengths, and vulnerabilities...

  15. Iran's Economy

    National Research Council Canada - National Science Library

    Ilias, Shayerah

    2008-01-01

    .... To the extent that U.S. sanctions and other efforts to change Iranian state policy target aspects of Iran's economy as a means of influence, it is important to evaluate Iran's economic structure, strengths, and vulnerabilities...

  16. Cambodia's economy

    OpenAIRE

    Ear, Sophal

    2008-01-01

    "This presentation is adapted from a Harvard KSG workshop held earlier this year on the Political Economy of "Binding Constraints to Growth" Cambodia Pilot for which I served as an External Panelist/Resource Person."

  17. Mobile economy

    OpenAIRE

    Turowski, Klaus

    2004-01-01

    Mobile economy : Transaktionen, Prozesse, Anwendungen und Dienste ; 4. Workshop Mobile Commerce, 02.-03. Februar 2004, Univ. Augsburg / K. Turowski ... (Hrsg.). - Bonn : Ges. für Informatik, 2004. - 189 S. : Ill., graph. Darst. - (GI-Edition : Proceedings ; 42)

  18. Integration of the market of the European community and the change of the industrial structure. EC shijo togo to sangyo kozo no henka

    Energy Technology Data Exchange (ETDEWEB)

    Tanimoto, T; Uno, K; Nakamura, T; Yamashita, S [Osaka Sangyo University, Osaka (Japan). Institute for Industrial Research

    1992-11-20

    This paper considers problems in the change of the industrial structure as a result of the EC market integration, and the change of the physical distribution structure, mainly in cargo transportation. The market integration is being moved forward mainly on liberalization of flows in people, materials, and currencies, but the material flow liberalization has not progressed noticeably because of difficulty in deregulations. Changes in the transportation structure on the whole in the EC countries would not see a complete removal of barriers supported by the transportation licensing system because of issues in protecting domestic transportation markets and sharing the road expenses, even if the tariff barrier has been removed as a result of the market integration. Amid the predictions on deregulated legislations and intensified competition associated with the integration, the French trucking industry is indicated of its direction toward a two-layer structure comprising large-scale enterprises and medium-to-small companies. The German unification created problems in transferring from the socialistic command economy to the capitalistic market economy. The paper gives considerations on the real state of affairs in the privatization policy of the people-owned enterprises in the former East Germany, and its economic and managerial problems that should be solved amid the large-area EC market integration based on the mutualism over and above the economic system transition.

  19. Corruption and the economy

    Directory of Open Access Journals (Sweden)

    Tanzi Vito

    2013-01-01

    Full Text Available This paper focuses on the economic and not on the political impact of corruption. Corruption delegitimizes the working of a market economy, as well as the outcomes of political processes. This paper highlights ways in which corruption, by distorting economic decisions and the working of the market economy, inevitably reduces a country’s rate of growth. The paper also discusses some of the channels through which corruption distorts various economic decisions. Finally, the paper reports on some actions that have been taken by countries in their attempt to reduce corruption stressing that the fight against corruption cannot rely on a magic bullet but has to be fought on many fronts.

  20. Interregional migration in socialist countries: the case of China.

    Science.gov (United States)

    Wei, Y

    1997-03-01

    "This paper analyzes changing interregional migration in China and reveals that the recent eastward migration reverses patterns of migration under Mao. It finds that investment variables are more important than the conventional variables of income and job opportunities in determining China's recent interregional migration. It suggests that both state policy and the global force influence interregional migration, challenging the popular view that the socialist state is the only critical determinant. This paper also criticizes Mao's approach to interregional migration and discusses the impact of migration on development." excerpt

  1. Main trends of cooperation of physicists in socialist countries

    International Nuclear Information System (INIS)

    Biryukov, V.

    1978-01-01

    The work of JINR at Dubna, the first international scientific centre of socialist countries, is focused on studies in theoretical physics, high energy physics, nuclear physics, and low energy physics. Results are described obtained so far in the above fields as well as computer technology and data processing. JINR is also a centre for accelerator technology work. The U-300 three-meter cyclotron and the U-200 two-meter isochronous cyclotron were installed and the U-400 four-meter cyclotron is being built. The experience of JINR shows that the institute has become an educational facility for scientists and specialists from the participating countries. (J.P.)

  2. 77 FR 60675 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of Antidumping...

    Science.gov (United States)

    2012-10-04

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... fillets (``fish'') from the Socialist Republic of Vietnam (``Vietnam''). The Department has determined... Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of Vietnam, 68...

  3. 77 FR 73424 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Partial Rescission of...

    Science.gov (United States)

    2012-12-10

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... order on certain frozen fish fillets (``fish fillets'') from the Socialist Republic of Vietnam..., 2011. \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets from the Socialist Republic...

  4. 78 FR 40100 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Rescission of Antidumping...

    Science.gov (United States)

    2013-07-03

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam'') covering the period August 1... Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Initiation of Antidumping Duty New...

  5. GAS AND COAL EXTRACTIVE INDUSTRY DURING THE SOCIALIST INDUSTRIALIZATION PERIOD (1948-1989

    Directory of Open Access Journals (Sweden)

    MARIUS BULEARCA

    2015-12-01

    Full Text Available This article shows that since 1949 the extractive industry has undergone a strong process of restructuring when enterprises were nationalized and a strict control over all components of the economy was established. The new leadership of the country had the intention of developing the industrial sector as well, basically laying the foundations of the new Romanian economy where the industrial sector economy would bring considerable income. This program will lead to the development of the energy sector in Romania also, thus contributing to a great extent to the development and consolidation of coal and gas extraction. Despite of all the economic and social development achieved during the period 1950-1989, at the end of it, Romania ranked a marginal position in the European countries hierarchy since between its level of development and the market economy developed countries large gaps in respect to the main economic and social indicators occurred.

  6. Geçiş Ekonomileri ve Yeni Kurumsal İktisat’ın Yeniden Yükselişi = Transition Economies and the Re-Emergence of the New Institutional Economics

    Directory of Open Access Journals (Sweden)

    Esra GÜLER

    2012-03-01

    Full Text Available Transition from the socialist system that is based on central planning to the capitalist system that is based on free market involves, above all, a great and complex institutional transformation. The fact that academic studies examining economies that underwent such a transformation have ignored “institutions” especially at the beginning of this process is a result of a shortcoming in the dominant neoclassical paradigm. This shortcoming is tried to be eliminated through The New Institutional Economics (NIE approach attempted to eliminate this shortcomings, which started to rise again after the mid-90s and included institutions as the main variable of its analys’s .The aim of this study is to demonstrate that the transition process, which is structurally complex, has gained a much more consistent and satisfying approach with NIE, which is of an interdisciplinary character.

  7. Inefficient equilibria in transition economy

    Directory of Open Access Journals (Sweden)

    Sergei Guriev

    1999-01-01

    Full Text Available The paper studies a general equilibrium in an economy where all market participants face a bid-ask spread. The spread may be caused by indirect business taxes, middlemen rent-seeking, delays in payments or liquidity constraints or price uncertainty. Wherever it comes from the spread causes inefficiency of the market equilibrium. We discuss some institutions that can decrease the inefficiency. One is second currency (barter exchange in the inter-firm transactions. It is shown that the general equilibrium in an economy with second currency is effective though is still different from Arrow–Debreu equilibrium. Another solution can be introduction of mutual trade credit. In the economy with trade credit there are multiple equilibria that are more efficient than original bid-ask spread but still not as efficient as Arrow–Debreu one, too. The implications for firms' integration and applicability to Russian economy are discussed.

  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. Smallholder dairy sheep production and market channel development: an institutional perspective of rural Former Yugoslav Republic of Macedonia.

    Science.gov (United States)

    Voors, M J; D'Haese, M

    2010-08-01

    The rural economy of the Former Yugoslav Republic of Macedonia has been adapting to new economic and political realities. Especially important for rural areas has been the breakdown of the socialist market structure in agriculture, which meant the demise of cooperative structures and farmers gaining access to new market outlets. The aim of this paper is to investigate the potential of dairy sheep farmers to enter into new contracts with buyers and to analyze why some farmers continue selling to traditional market outlets. Using survey data of dairy sheep farmers we studied the choice they make between 3 market outlets: (1) selling milk to a recently established large dairy processor, (2) selling milk to traditional small local processors, or (3) transforming milk on-farm into cheese and selling it at the farm gate or at local markets. The significance of determinants of choice for these markets were tested in a multinomial logit model, which showed that distance to the collection point of the large dairy processor was the most important determinant of whether farmers sold milk or made cheese, with those at a greater distance selling cheese. Furthermore, we analyzed the main sources of transaction costs in developing new market channels. Overcoming transport and transaction costs may contribute to higher income for the farmers and hence to improving their livelihoods. Copyright (c) 2010 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.

  10. Identification of Skills Needed for Central Areas of Green and Low-Carbon Economy, for the Needs of Labor Market, in Finland

    Directory of Open Access Journals (Sweden)

    Tove Holm

    2017-01-01

    Full Text Available EU has set sustainable growth as a goal for 2020, by which a transition to a more resource efficient greener and competitive economy should be achieved. This requires new skills in business life. We have studied how vocational education and training and higher education may serve as a promoter of a green and low-carbon economy in Finland. Based on results from interviews of companies three main areas were chosen. These areas were decentralized renewable energy production, use of organic by-products and promotion of energy efficiency in properties. Education in vocational education and training and universities of applied sciences, for the selected areas, was mapped in 2014-15. The results were presented on workshops, where knowledge supply chains for a green economy on the selected areas were developed. If was found that cooperation between different fields and levels of education is important, as the new skills often emerge at the interfaces.

  11. 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.

  12. Driving forces of main landscape change processes from past 200 years in Central Europe - differences between old democratic and post-socialist countries

    Directory of Open Access Journals (Sweden)

    Skokanová Hana

    2016-03-01

    Full Text Available The article compares and points out differences in driving forces of four main landscape change processes that shaped post-socialist countries and old democratic countries of Central Europe during the last two centuries. Studying landscape change processes and corresponding driving forces helps in understanding patterns of present landscape and can help among others in better prediction of future landscape change trends. Here, the presented results are based on review of scientific articles published in peer-reviewed journals between 2000 and 2014. Driving forces affecting these processes were grouped into four categories. Economic forces drove mainly agricultural intensification; agricultural land abandonment and urbanisation and were pronounced especially in the second half of the 20th century and at the beginning of the 21st century. Technological driving forces affected agricultural intensification especially in the 19th century and the second half of the 20th century while cultural driving forces had the biggest impact on urbanisation at the beginning of the 21st century. Political driving forces affected agricultural intensification, urbanisation as well as agricultural land abandonment and were pronounced mainly during the second half of the 20th century in the post-socialist countries. Political forces in the form of subsidies drove agricultural extensification at the beginning of the 21st century. The drivers for the agricultural intensification as well as urbanisation seem to be similar for both old democratic and post-socialist countries. In contrast, agricultural land abandonment in the old democratic countries was driven by technological, cultural and economic driving forces while in the post-socialist countries the political driving forces were mainly responsible. Changes in systems for subsidies and changes in the agricultural commodity markets are also responsible for different frequencies and rates of extensification of

  13. CSR perception as a signpost for circular economy

    NARCIS (Netherlands)

    Esken, Björn; Franco-Garcia, Laura; Fisscher, Olaf A.M.

    2018-01-01

    Purpose: This paper aims to identify managerial implications for multinational corporations (MNCs) with regard to circular economy (CE) by using data on corporate social responsibility (CSR) perception in different types of market economies owing to diverse institutional contexts. These managerial

  14. Social mobility in socialist Serbia: A revisionist approach

    Directory of Open Access Journals (Sweden)

    Antonić Slobodan

    2013-01-01

    Full Text Available This paper starts from the findings of the latest study of social structure in Serbia (2012, which show a significant reduction of vertical social mobility, especially for further inter-stratum distance. In light of these data, the author considers that we have to re-examine earlier, very biting evaluation of some Serbian sociologists concerning 'closeness' for mobility of the society in socialist Serbia. The author analyzes and re-evaluated findings of earlier research (Janićijević, 1970; Flere and Đurđev, 1982/3; Bogdanovic, 1986; 1988; Vukovic, 1989. He concludes that very brisk evaluation of mobility in the Serbian society during socialism is a consequence of schematic interpretation of these findings with Yasuda 's index.

  15. Institutional Change and Gender Inequalities at Labour Market Entry: A Comparison of Estonia, Russia, and East and West Germany

    Directory of Open Access Journals (Sweden)

    Yuliya Kosyakova

    2017-12-01

    Full Text Available Our study investigates how gender inequalities in job opportunities evolved during communist and post-communist times in former state-socialist countries. Theoretical arguments (mainly based on studies referring to Western countries led to the expectation of a surge in gender inequalities in these countries after the collapse of communism. Empirically, we explore the gender gap in job authority upon labour market entry by using life-history data from Russia, Estonia, and East Germany, with West Germany serving as a control case. The selection of countries was motivated primarily by the availability of rich life-history data, covering four decades of (post- state socialism but also by divergences in institutional set-ups in the course of transition from state socialism to a liberalised market economy. Our findings yield four major results. First, accounting for education and the branch of economy, women were not disadvantaged during Soviet times; instead, we have even found evidence of a slight female advantage in Estonia and East Germany. Thus, our findings mirror the communist regime’s effectiveness in equalising women’s and men’s opportunities at work. Second, in the pre-collapse decade, the advantage of women in terms of job authority decreased in East Germany and Estonia, whereas in Russia, women fell behind men. Third, with the Soviet Union collapse, a remarkable female disadvantage emerged in all formerly state socialist countries under scrutiny. In addition, we observe a growing gender gap in West Germany in the same period. The latter result strengthens the conclusion that times of economic liberalisation may go hand-in-hand with increasing gender inequalities.

  16. Political economy of renewable energy policy in Germany. A consideration of the policy making process in the electricity market under the influence of interest groups

    International Nuclear Information System (INIS)

    Mueller, Tom

    2015-01-01

    In the research, it is argued that the targeted promotion of renewables leads to a change in the technological path dependency on the electricity market or led. The historically market depending portfolio of products in the conventional power industry will be replaced by an increasingly strong dependence on the product portfolio of Renewable Energy Sector according to this argumentation. The present work is devoted to the political explanation of the change and transition process in the electricity market. The process of policy formation in this market (especially support policies for renewable energies) will be discussed. It is examined from a public choice perspective, which political actors and instances in the past were responsible for the development and maintenance of individual policy elements. In particular, in this analysis the different private sector stakeholders in the electricity market move to center of attention. [de

  17. The energy-economic situation in the Republic of Moldova and the energy policy characteristics during the transition period to market economy

    International Nuclear Information System (INIS)

    Vern, G.; Medvev, L.; Lumer, I.; Reabuhina, L.

    1994-01-01

    A significant characteristics of the present situation of the Moldavian economy is the social impact of cyclic and structural economic crises. The energy crisis is an important concern for social-political background of the Republic and it requires updating the elements of the permanent capital implied in electrothermal power production. Comparative calculations were done for electrothermal demands and the results illustrate the dynamics of the energy intensity for the power output. Several suggestions are advanced to settle the energy-economical problems

  18. The challenges of Belgian prostitution markets as legal informal economies: an empirical look behind the scenes at the oldest profession in the world

    OpenAIRE

    Boels, Dominique

    2015-01-01

    An extensive body of literature exists on sex work and prostitution, covering a variety of topics. The relation between prostitution and the informal economy, however, has not been widely studied. This article aims to contribute to this under-researched domain. Furthermore, it empirically contributes to the current topical policy debate on prostitution by offering insights into the perceptions of prostitutes and other stakeholders in the prostitution business and policy towards it in Ghent, B...

  19. Online marketing

    OpenAIRE

    Zrůst, Daniel

    2013-01-01

    The aim of this thesis is to evaluate pay per click marketing as suitable marketing tool for promotion and distribution of a given product. The paper describes basic vocabulary related to PPC advertising, common metrics, tools used by online marketers, and logic of running PPC campaigns. The paper also tries to quantify impact of Internet on economies. The second part applies the theory to analysis of consumers' conversion path while searching online in common search engines where PPC marketi...

  20. Universal patterns or the tale of two systems? Mathematics achievement and educational expectations in post-socialist Europe.

    Science.gov (United States)

    Bodovski, Katerina; Kotok, Stephen; Henck, Adrienne

    2014-09-01

    Although communist ideology claimed to destroy former class stratification based on labor market capitalist relationships, de facto during socialism one social class hierarchy was substituted for another that was equally unequal. The economic transition during the 1990s increased stratification by wealth, which affected educational inequality. This study examines the relationships among parental education, gender, educational expectations, and mathematics achievement of youths in five post-socialist Eastern European countries, comparing them with three Western countries. We employed the 8 th -grade data from the Trends in International Mathematics and Science Study (TIMSS) 1995 and 2007. The findings point to the universal associations between parental education and student outcomes, whereas gender comparisons present interesting East-West differences. The theoretical and policy implications of these findings are discussed.

  1. Impact of firm-level factors and market entry mode on performance: A study of service MNCs in an emerging economy

    Directory of Open Access Journals (Sweden)

    George Acheampong

    2012-04-01

    Full Text Available The study examined the market entry strategies of multinational services companies into Ghana’s service sector and the linkages to firm level performance after entry. Literature was reviewed on market entry strategies, internationalisation, globalisation of service firms and resource-based theory. The study adopted a combination of both quantitative and qualitative research approaches in this study. The qualitative approach was for deeper enquiry and quantitative for empirical testing. The study found that firm specific factors affect the market entry strategy while the entry strategy also affects performance after it enters the market. Home country factors and the features of services are also seen to moderate on the effects mentioned. Respondents also indicated that the features of services were an industry wide issue not so much consideration is given to it.

  2. 78 FR 62583 - Welded Stainless Pressure Pipe From Malaysia, Thailand, and the Socialist Republic of Vietnam...

    Science.gov (United States)

    2013-10-22

    ... Pressure Pipe From Malaysia: Request for Extension of Preliminary Determination,'' ``Welded Stainless Steel... Stainless Pressure Pipe From Malaysia, Thailand, and the Socialist Republic of Vietnam: Postponement of...: Charles Riggle (Malaysia), Brandon [[Page 62584

  3. The Scientific and Technical Revolution in the Socialist Republic of Viet Nam.

    Science.gov (United States)

    Vien, Nguyen Khac

    1979-01-01

    Discussed are the reasons for the Socialist Republic of Viet Nam's scientific backwardness. A development project which will enable this country to become a modern, economically self-sufficient country by the year 2000 is outlined. (BT)

  4. For a Socialist Theoretical System for Human Rights with Chinese Characteristics

    Institute of Scientific and Technical Information of China (English)

    GU CHUNDE

    2011-01-01

    @@ Ⅰ.The Necessity and Feasibility for Developing a Socialist Theoretical System for Human Rights with Chinese Characteristics Development of such a system is needed to ensure success of the social transformation and transition ongoing up in China.

  5. 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...

  6. Comparative Political Economy and International Migration

    NARCIS (Netherlands)

    Afonso, A.; Devitt, C.

    2016-01-01

    This article provides an overview of the literature connecting comparative political economy and international migration in advanced industrialized countries with a focus on the relationship between labour migration, labour markets and welfare institutions. Immigration flows and policies are

  7. Working Within the Collaborative Tourist Economy

    DEFF Research Database (Denmark)

    Meged, Jane Widtfeldt; Christensen, Mathilde Dissing

    2017-01-01

    This chapter explores from a critical perspective how workers in the collaborative tourism economy craft meaning and identity in work and discusses transformations on the established labor market induced by the collaborative economy. It does so through the perspectives of guides working...... pseudo-sharing manoeuvring in micro-competitive platform capitalism....

  8. From institutional segmentation to market fragmentation: Institutional transformation and the shifting stratification order in urban China.

    Science.gov (United States)

    Zhao, Wei; Zhou, Xueguang

    2017-03-01

    Focusing on the changing roles of organizations, this study develops an institutional framework to examine the shifting stratification order since the mid-1990s in urban China. We argue that, after the mid-1990s, the Chinese state led a dual process of institutional transformation. On the one hand, the state dismantled the socialist redistributive system and broke down institutional segmentation based on organizational ownership and bureaucratic rank. On the other hand, the state developed different markets with various paces and strategies, resulting in fragmented market environments. In this context, reformed organizations interacted with heterogeneous market conditions to exert different impacts on multiple dimensions of social inequality. We draw empirical evidence from two national survey data collected in 1994 and 2003 during a critical period. Our findings show that the foundation of the stratification order has shifted from institutional segmentation to market fragmentation in urban China. This study calls for substantive institutional analysis to better understand the intricate landscape of social inequality in transitional economies. Copyright © 2016 Elsevier Inc. All rights reserved.

  9. More planned economy than market economy in the energy policy strategy for 2020 of the European Commission; Mehr Plan- als Marktwirtschaft in der energiepolitischen Strategie 2020 der Europaeischen Kommission

    Energy Technology Data Exchange (ETDEWEB)

    Haucap, Justus; Coenen, Michael

    2011-04-15

    The Europeanization of energy policies is desirable because the three main objectives of energy policy (climate protection, security of supply and competitiveness) have cross-border impacts. Hence, it is good that the European Union has been granted a competence for energy policy in the article 194 of the Lisbon treaty. In addition, it is good that the European Commission has published its long-term strategy to stabilize expectations which is important for infrastructure investment. It is regrettable though that price signals, competition and market principles only play a minor role for the Commission while rather doubtful objectives such as fostering energy efficiency and promoting renewable dominate the agenda. The Commission's strategy is mainly characterized by bureaucratic dirigisme, intense regulation, state planning and public subsidies. The road to a centrally planned energy industry is being walked down fast.

  10. Plutonium economy

    International Nuclear Information System (INIS)

    Traube, K.

    1984-01-01

    The author expresses his opinion on the situation, describes the energy-economic setting, indicates the alternatives: fuel reprocessing or immediate long-term storage, and investigates the prospects for economic utilization of the breeder reactors. All the facts suggest that the breeder reactor will never be able to stand economic competition with light-water reactors. However, there is no way to prove the future. It is naive to think that every doubt could and must be removed before stopping the development of breeder reactors - and thus also the reprocessing of the fuel of light-water reactors. On the basis of the current state of knowledge an unbiased cost-benefit-analysis can only lead to the recommendation to stop construction immediately. But can 'experts', who for years or even decades have called for and supported the development of breeder reactors be expected to make an unbiased analysis. Klaus Traube strikes the balance of the state Germany's nuclear economy is in: although there is no chance of definitively abandoning that energy-political cul-de-sac, no new adventures must be embarked upon. Responsible handling of currently used nuclear technology means to give up breeder technology and waive plutonium economy. It is no supreme technology with the aid of which structural unemployment or any other economic problem could be solved. (orig.) [de

  11. Perestroika and Its Impact on the Soviet Labor Market.

    Science.gov (United States)

    Brand, Horst

    1991-01-01

    Discusses two books, "Restructuring the Soviet Economy: In Search of the Market" and "In Search of Flexibility: The New Soviet Labour Market," that assess the success of perestroika and the transition to a market-based economy. (JOW)

  12. Network Transformations in Economy

    Directory of Open Access Journals (Sweden)

    Bolychev O.

    2014-09-01

    Full Text Available In the context of ever-increasing market competition, networked interactions play a special role in the economy. The network form of entrepreneurship is increasingly viewed as an effective organizational structure to create a market value embedded in innovative business solutions. The authors study the characteristics of a network as an economic category and emphasize certain similarities between Rus sian and international approaches to identifying interactions of economic systems based on the network principle. The paper focuses on the types of networks widely used in the economy. The authors analyze the transformation of business networks along two lines: from an intra- to an inter-firm network and from an inter-firm to an inter-organizational network. The possible forms of network formation are described depending on the strength of connections and the type of integration. The drivers and reasons behind process of transition from a hierarchical model of the organizational structure to a network type are identified. The authors analyze the advantages of creating inter-firm networks and discuss the features of inter-organizational networks as compares to inter-firm ones. The article summarizes the reasons for and advantages of participation in inter-rganizational networks and identifies the main barriers to the formation of inter-organizational network.

  13. Looking at the ‘sharing’ economies concept through the prism of informality

    DEFF Research Database (Denmark)

    Kovács, Borbála; Morris, Jeremy Bryan; Polese, Abel

    2017-01-01

    How do the ‘sharing economies’ relate to the long history of informal economic practices as understood in the social sciences? This article examines conceptions of the sharing economy in terms of its relation to scholarship on informality. By using two case studies of informal economic practices...... that originated in socialist-era societies and continue to the present day in modified forms, we critique the notion that sharing economies are significantly novel in form or logic, other than technologically. We draw attention to the variety of informal economy practices to discuss how they may be socially...... embedded or disembedded. The main focus on global technological leveraging of productivity and connectivity in sharing economy practices would suggest that many aspects are akin to disembedded forms of informality. Scholarship needs to address the ongoing disciplinary parallelism on prefixed ‘economies...

  14. A green hydrogen economy

    Energy Technology Data Exchange (ETDEWEB)

    Clark, W.W. II [Clark Communications, Beverly Hills, CA (United States). Green Hydrogen Scientific Advisory Committee; Rifkin, J. [The Foundation on Economic Trends (United States)

    2006-11-15

    This paper is the result of over a dozen scholars and practitioners who strongly felt that a hydrogen economy and hence the future is closer than some American politicians and bureaucrats state. Moreover, when seen internationally, there is strong evidence, the most recent and obvious ones are the proliferation of hybrid vehicles, that for any nation-state to be energy independent it must seek a renewable or green hydrogen future in the near term. The State of California has once again taken the lead in this effort for both an energy-independent future and one linked strongly to the hydrogen economy. Then why a hydrogen economy in the first instance? The fact is that hydrogen most likely will not be used for refueling of vehicles in the near term. The number of vehicles to make hydrogen commercially viable will not be in the mass market by almost all estimates until 2010. However, it is less than a decade away. The time frame is NOT 30-40 years as some argue. The hydrogen economy needs trained people, new ventures and public-private partnerships now. The paper points out how the concerns of today, including higher costs and technologies under development, can be turned into opportunities for both the public and private sectors. It was not too long ago that the size of a mobile phone was that of a briefcase, and then almost 10 years ago, the size of a shoe box. Today, they are not only the size of a man's wallet but also often given away free to consumers who subscribe or contract for wireless services. While hydrogen may not follow this technological commercialization exactly, it certainly will be on a parallel path. International events and local or regional security dictate that the time for a hydrogen must be close at hand. (author)

  15. A green hydrogen economy

    International Nuclear Information System (INIS)

    Clark, Woodrow W.; Rifkin, Jeremy

    2006-01-01

    This paper is the result of over a dozen scholars and practitioners who strongly felt that a hydrogen economy and hence the future is closer than some American politicians and bureaucrats state. Moreover, when seen internationally, there is strong evidence, the most recent and obvious ones are the proliferation of hybrid vehicles, that for any nation-state to be energy independent it must seek a renewable or green hydrogen future in the near term. The State of California has once again taken the lead in this effort for both an energy-independent future and one linked strongly to the hydrogen economy. Then why a hydrogen economy in the first instance? The fact is that hydrogen most likely will not be used for refueling of vehicles in the near term. The number of vehicles to make hydrogen commercially viable will not be in the mass market by almost all estimates until 2010. However, it is less than a decade away. The time frame is NOT 30-40 years as some argue. The hydrogen economy needs trained people, new ventures and public-private partnerships now. The paper points out how the concerns of today, including higher costs and technologies under development, can be turned into opportunities for both the public and private sectors. It was not too long ago that the size of a mobile phone was that of a briefcase, and then almost 10 years ago, the size of a shoe box. Today, they are not only the size of a man's wallet but also often given away free to consumers who subscribe or contract for wireless services. While hydrogen may not follow this technological commercialization exactly, it certainly will be on a parallel path. International events and local or regional security dictate that the time for a hydrogen must be close at hand

  16. Specificity of high-rise construction and real estate markets in the regional economy: an analysis of Russian practice (example of St. Petersburg)

    Science.gov (United States)

    Vilken, Viktoriya; Kalinina, Olga; Dubgorn, Alissa

    2018-03-01

    In paper features of the regional markets of construction the commercial and residential real estate on the example of St. Petersburg are defined. The current situation is analysed, the specific features of branch are revealed. The major factors influencing investors making decisions on construction of various types of objects are defined. The main methods of advance of real estate objects are considered.

  17. Changes in the economy, the labor market, and expectations for the future: what might Europe and the United States look like in twenty-five years?

    Science.gov (United States)

    Buchholz, Sandra; Blossfeld, Hans-Peter

    2012-01-01

    In times of globalization, modern societies' labor markets have been marked by an increasing segmentation and growing social inequality. Youths in particular have experienced a worsening of their employment chances in the past three decades. However, what will the future bring? Copyright © 2012 Wiley Periodicals, Inc., A Wiley Company.

  18. Buildings from the Socialist Past as part of a City’s Brand Identity: The case of Warsaw

    OpenAIRE

    Ochkovskaya Marina; Gerasimenko Valentina

    2018-01-01

    The aim of this paper is to investigate those buildings left over from Warsaw’s socialist past as a part of the city’s brand visual identity including their perception by foreign tourists and local citizens. Although Lisiak (2009) examined the destruction, removal and presence of these remnants from the socialist past in Central European cities, a comparative study of the perception of these architectural sites erected in Warsaw during socialist times has not been carried out specifically so ...

  19. Working in the informal economy.

    Science.gov (United States)

    Kidder, T

    2000-07-01

    Informal ways of working are widespread and central to the economy and markets. This paper explores what informal economy is and how it could be more valuable for men and women. The informal economy is a mix of the following activities: 1) subsistence work which includes agriculture, marginal economic projects, and unpaid work in the home; 2) informal work which includes unregistered businesses, and illegal or criminal activities; 3) casual production, a sub-contracted or ¿off-the-books¿ work which deprives workers of the benefits tied to recognized employment; and 4) community work and barter. It is shown that more women, when compared to men, work and live on the border between the household and the market economy. Usually men do more technical or mechanized production while women tend to do activities within traditional women's roles. Men and women often have different understanding of what work is. Men consistently underestimate the women's contribution to the household income. To improve this critical issue of gender differences, rules, norms, and laws that cause problems must be identified, and then work can begin with both men and women to change laws and policies, as well as ideas and beliefs about women's contribution to the economy.

  20. The socialist regime: The intellectual origin of the images

    Directory of Open Access Journals (Sweden)

    Dmitry Shlapentokh

    2014-01-01

    Full Text Available Every phenomenon exists in several dimensions. It has several ontological attributes, so to speak, which provide opportunities for a variety of interpretations. The Bolshevik Revolution and the Soviet regime could be an example. At the beginning of Soviet history the revolution was seen as the beginning of a worldwide revolution opening an era of liberation for workers all over the world. As the Soviet regime solidified its position, the hope for worldwide revolution faded. In the new context, observers, especially outside Russia, looked at the regime from a different perspective. For them it represented the country's national interests, and its socialist slogans should not be taken at face value. Some believed post-revolutionary Russia was similar to post-revolutionary France and was experiencing its “Thermidor.” Others assumed the revolution showed Russia as a “Eurasian” state where all ethnic/religious groups lived in “symbiosis.” Finally, some assumed the Soviet regime would lead to the transformation of the human species and the human conquest of cosmos. This transition from one image to another does not mean that one illusion, one “wrong” image, follows another. It also does not mean the very notion of true meaning is meaningless simply because no reality exists as a fixed entity, and one could therefore “construct” any type of reality. It simply means that there are many attributes of the revolution, which are revealed in the course of time.

  1. New trajectories of post-socialist residential mobility in Bucharest

    Directory of Open Access Journals (Sweden)

    Bogdan Suditu

    2014-05-01

    Full Text Available Over the post-socialist period, residential mobility processes were very intense and took place on large areas. Flow intensity led to the emergence of new spatial and functional realities and created new relationships within the affected areas. During all this period, Bucharest’s metropolitan area was shaped by the spatial mobility of the city dwellers, as well as by the change of their social and residential aspirations. The majority of those who were registered as movers in Bucharest were actually residents of Bucharest (they only changed their domicile and the share of people coming to the city from elsewhere has increased constantly over the last decade. Except for the early 1990s, a period when residential legal status was pending clarification, migrations from peri-urban area, especially from Ilfov County, to Bucharest had a low intensity. Situation is quite different in terms of moving out of Bucharest, to the communes and towns of Ilfov County, located in close proximity, which have been continuously increasing values. The correlation between housing stock features (real estate supply and the demand of new dwellings (emphasized by the residential trajectories prove both that current mobility flows taking place at this time in Bucharest are segmented based on economic-spatial criteria and that Markov chains are functional.

  2. Working Within the Collaborative Tourist Economy

    DEFF Research Database (Denmark)

    Meged, Jane Widtfeldt; Christensen, Mathilde Dissing

    2017-01-01

    This chapter explores from a critical perspective how workers in the collaborative tourism economy craft meaning and identity in work and discusses transformations on the established labor market induced by the collaborative economy. It does so through the perspectives of guides working...... with Copenhagen Free Walking Tours, a platform offering guided tours and hosts offering short-term rentals on the platform Airbnb. Both guides and hosts practice job crafting. However, guides and hosts approach and navigate the collaborative economy in different ways. Both markets require hosting qualities...

  3. Entry and Growth Strategies for Emerging Economies

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Tran, Yen Thi Thu

    2004-01-01

    to adapt their strategies, most notably their marketing and acquisition strategies, to the local context. In this paper, we outline why globalisation drives MNEs into emerging economies, and we provide conceptual frameworks that may aid investors to adapt their strategies to emerging economy contexts. MNEs...... requires the acquisition of complementary local resources controlled by local firms. However, acquisitions in emerging economies are inhibited by institutional obstacles and weak local firms. Thus, foreign investors may pursue staged, multiple, indirect, or Brownfield acquisitions to build their projected...... operation. We illustrate our proposed strategies by analysing how one multination enterprise - Carlsberg Breweries - has developed its operations in three very different emerging economies: Poland, Lithuania and Vietnam....

  4. 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

  5. Miraculous financial engineering or toxic finance? The genesis of the U.S. subprime mortgage loans crisis and its consequences on the global financial markets and real economy

    OpenAIRE

    Ivo Pezzuto

    2012-01-01

    In the fall of 2008, the U.S. subprime mortgage loans defaults have turned into Wall Street’s biggest crisis since the Great Depression. As hundreds of billions in mortgage-related investments went bad, banks became suspicious of one another’s potential undisclosed credit losses and preferred to reduce their exposure in the interbank markets, thus causing interbank interest rates and credit default swaps increases, a liquidity shortage problem and a worsened credit crunch condition to consume...

  6. The non-profit sector as a foundation for the interaction among the social economy, the public sector and the market

    OpenAIRE

    Salustri, Andrea; Viganò, Federica

    2017-01-01

    The paper introduces a theoretical model to show how in a territorial framework characterized by spatial inequalities, the availability of goods and services decreases moving from central to peripheral areas. Specifically, private firms and public administrations might supply an insufficient level of goods and services in socially and/or physically remote areas due to lack of market size and higher distance costs. Peripheralization, therefore, often implies economic marginalization and politi...

  7. Mere Objectives or Hard Law? A Case Study on the EU‘s Social Policy in the Context of Free Market Economy

    Directory of Open Access Journals (Sweden)

    Izabela Jędrzejowska-Schiffauer

    2017-10-01

    Full Text Available The purpose of this contribution is to assess the impact of the EU Internal Market rules on the development of Union’s social policy. To that end the author analyses trends in the EU’s social policy over time, also following the outbreak of the economic and financial crisis in 2008, synthesising selected Union’s legislation, soft measures and case law relating to social policy, with a view to determining their immediate or potential impact on social rights and social protection. It is submitted that to date, the Union has made but a very restricted use of its powers to develop the social dimension of its Single Market, which contributes to the difficulties in reconciling social and labour rights with competition law and economic freedoms. This problem is ascribed not exclusively to the commonly blamed inequality of arms resulting from the prevalence of soft measures in the area of social policy and the hard law regulatory framework for the implementation of the Single Market rules. Its core is identified in the lack of will on the part of national governments to advance economic integration on common (European social foundations. Hence the necessary prerequisite for the further advance of the EU social policy and a sustainable European socio-economic model is the attitude change in the Member States.

  8. Narrating health and scarcity: Guyanese healthcare workers, development reformers, and sacrifice as solution from socialist to neoliberal governance.

    Science.gov (United States)

    Walker, Alexis

    2017-08-01

    In oral history interviews, Guyanese healthcare workers emphasize continuity in public health governance throughout the late twentieth century, despite major shifts in broader systems of governance during this period. I argue that these healthcare workers' recollections reflect long-term scarcities and the discourses through which both socialist politicians and neoliberal reformers have narrated them. I highlight the striking similarities in discourses of responsibility and efficiency advanced by socialist politicians in 1970s Guyana and by World Bank representatives designing the country's market transition in the late 1980s, and the ways these discourses have played out in Guyana's health system. Across diverging ideologies, politicians and administrators have promoted severe cost-control as the means to a more prosperous future, presenting short-term pains as necessary to creating new, better, leaner ways of life. In the health sector this has been enacted through a focus on self-help, and on nutrition as a tool available without funds dedicated for pharmaceuticals, advanced medical technologies, or a fully staffed public health system. I argue that across these periods Guyanese citizens have been offered a very similar recipe of ongoing sacrifice. I base my analysis on oral histories with forty-six healthcare workers conducted between 2013 and 2015 in Guyana in Regions 3, 4, 5, 9, and 10, as well as written records from World Bank and Guyanese national archives; I analyze official discourses as well as recollections and experiences of public health governance by those working in Guyana's health system. Copyright © 2017 Elsevier Ltd. All rights reserved.

  9. Miraculous financial engineering or toxic finance? The genesis of the U.S. subprime mortgage loans crisis and its consequences on the global financial markets and real economy

    Directory of Open Access Journals (Sweden)

    Ivo Pezzuto

    2012-09-01

    Full Text Available In the fall of 2008, the U.S. subprime mortgage loans defaults have turned into Wall Street’s biggest crisis since the Great Depression. As hundreds of billions in mortgage-related investments went bad, banks became suspicious of one another’s potential undisclosed credit losses and preferred to reduce their exposure in the interbank markets, thus causing interbank interest rates and credit default swaps increases, a liquidity shortage problem and a worsened credit crunch condition to consumers and businesses. Massive cash injections into money markets and interest rates reductions have been assured by central banks in an attempt to shore up banks and to restore confidence within the financial system. Even Governments have promoted bail-out deal agreements, protections from bankruptcies, recapitalizations and bank nationalizations in order to rescue banks from disastrous bankruptcies. The credit crisis originated in the previous years when the Federal Reserve sharply lowered interest rates (Fed Funds at 1% to limit the economic damage of the stock market decline due to the 2000 dot.com companies’ crisis. Lower interest rates made mortgage payments cheaper, and the demand for homes began to rise, sending prices up. In addition, millions of homeowners took advantage of the rate drop to refinance their existing mortgages. As the industry ramped up, the quality of the mortgages went down due to poor credit origination and credit risk assessment. Delinquency and default rates began to rise in 2006 as interest rates rose (Fed Funds at 5,25% and poor households across the US struggled to pay off their mortgages. Many of them went bankrupt and lost their homes but the pace of lending did not slow. Banks have transformed much of the high-risk mortgage debt (securitizations into mortgage-backed securities (MBS and collateralised debt obligations (CDO, and have sold these assets on the financial markets to investment firms and insurance companies

  10. Business Ethics and Karl Marx's Theory of Capital——Some Reflections on the Use of Capital for Developing the Socialist Market Economy in China%经济伦理学与马克思的资本理论——利用资本发展社会主义市场经济的若干思考

    Institute of Scientific and Technical Information of China (English)

    陆晓禾

    2007-01-01

    利用资本发展社会主义市场经济,不仅应充分肯定资本的文明化趋势,而且应看到它的内在限制,并探索克服其矛盾的条件和途径.马克思有关资本的理论为我们提供了理解和正确处理资本问题的钥匙;同时,已将资本用了四百多年的西方社会所探索到的,以"经济伦理学"而闻名的学科所研究和总结的经验教训,也值得我们借鉴.

  11. Images d’un camp de vacances en pays socialiste

    Directory of Open Access Journals (Sweden)

    Ania Szczepanska

    2009-12-01

    Full Text Available En 1976, Marcel Lozinski choisit d’aller filmer un camp de vacances organisé par le mouvement de la jeunesse socialiste dans la région des lacs de Mazurie en Pologne. Le cinéaste décide de filmer le quotidien de ces jeunes familles en vacances, entre quiz politiques, leçons de savoir vivre et concours de la famille modèle. Pour cela, il élabore un protocole de travail singulier : aux vacanciers s’ajoutent des personnes complices du cinéaste dont le rôle sera pour certains de participer activement à la vie collective, pour d’autres de s’y opposer.Tourné en 1976, le documentaire Comment vivre attendra cinq années avant d’être diffusé en salle, en tant que fiction. Pourquoi cette diffusion retardée et surtout, que penser de cette requalification a posteriori ? Outre l’analyse du film lui-même, un entretien mené avec Marcel Lozinski ainsi que des archives consultées à la filmothèque de Varsovie apporteront des éléments d’analyse sur la réception de l’œuvre par les autorités cinématographiques de l’époque, mais également sur le sens produit par les dispositifs mis en place par le cinéaste au cours de ce tournage.

  12. The "Celtic Tiger" and a Knowledge Economy

    Science.gov (United States)

    Crawley, Gerard M.; O'Sullivan, Eoin

    2006-01-01

    Over the last two decades, Ireland has proactively marketed its educated workforce, its favourable corporate tax rates, membership of the European common market, and other advantages, to multinational technology corporations. The resulting foreign direct investment in high-tech manufacturing operations has driven a booming Irish economy that has…

  13. Market Power in Laboratory Emission Permit Markets

    International Nuclear Information System (INIS)

    Godby, R.

    2002-01-01

    Many proposals suggesting the use of markets to control pollution assume markets will be competitive. When markets do not exhibit competitive characteristics, however, should they still be expected to result in efficiency improvement relative to traditional approaches? This paper employs experimental economic methods to examine the effect of market structure on the use of marketable emissions permits. Results indicate that in a market with one dominant firm and a number of fringe firms, strategic manipulation occurs repeatedly in the laboratory as predicted by market power models, undermining the allocative and dynamic efficiency benefits such markets offer. When firms compete in a downstream product market dominated by the same single firm, market efficiency can actually be reduced with the implementation of permit markets. Final market efficiencies reflect initial endowments and are influenced by competitive conditions elsewhere in the economy, indicating that policy-makers should carefully consider whether markets are appropriate in such circumstances

  14. Antimatter Economy

    Science.gov (United States)

    Hansen, Norm

    2004-05-01

    The Antimatter Economy will bring every country into the 21st century without destroying our environment and turn the Star Trek dream into reality by using antimatter from comets. At the April 2002 joint meeting of the American Physical Society and American Astronomical Society, I announced that comets were composed of antimatter, there were 109 antimatter elements, and the Periodic Table of Elements had been updated to include the antimatter elements. When matter and antimatter come together, energy is produce according to Einstein's equation of mass times the speed of light squared or E = mc2. Antimatter energy creates incredible opportunities for humanity. People in spacecraft will travel to the moon in hours, planets in days, and stars in weeks. Antimatter power will replace fossil plants and produce hydrogen from off-peak electrical power. Hydrogen will supplant gas in cars, trucks, and other vehicles. The billions of ton of coal, billions of barrels of oil, and trillions of cubic feet of natural gas will be used to make trillions of dollars of products to bring countries into the 21st century. Within this millennium, the Worlds Gross National Product will increase from 30 trillion to 3,000 trillion plus 1,500 trillion from space commercialization bringing the Total Gross National Product to 4,500 trillion. Millions of businesses and billions of jobs will be created. However, the real benefits will come from taking billions of people out of poverty and empowering them to pursue their dreams of life, liberty and pursuit of happiness. Please visit www.AntimatterEnergy.com.

  15. Hock, Beáta. 2013. Gendered Artistic Positions and Social Voices - Politics, Cinema and the Visual Arts in State-Socialist and Post-Socialist Hungary. Stuttgart: Franz Steiner Verlag. 284 pp. illus.

    Directory of Open Access Journals (Sweden)

    Lilla Tőke

    2016-01-01

    Full Text Available Hock, Beáta. 2013. Gendered Artistic Positions and Social Voices - Politics, Cinema and the Visual Arts in State-Socialist and Post-Socialist Hungary. Stuttgart: Franz Steiner Verlag. 284 pp. illus. Reviewed by Lilla Tőke, Assistant Professor, City University of New York, LaGuardia Community College

  16. A Quantal Response Statistical Equilibrium Model of Induced Technical Change in an Interactive Factor Market: Firm-Level Evidence in the EU Economies

    Directory of Open Access Journals (Sweden)

    Jangho Yang

    2018-02-01

    Full Text Available This paper studies the pattern of technical change at the firm level by applying and extending the Quantal Response Statistical Equilibrium model (QRSE. The model assumes that a large number of cost minimizing firms decide whether to adopt a new technology based on the potential rate of cost reduction. The firm in the model is assumed to have a limited capacity to process market signals so there is a positive degree of uncertainty in adopting a new technology. The adoption decision by the firm, in turn, makes an impact on the whole market through changes in the factor-price ratio. The equilibrium distribution of the model is a unimodal probability distribution with four parameters, which is qualitatively different from the Walrasian notion of equilibrium in so far as the state of equilibrium is not a single state but a probability distribution of multiple states. This paper applies Bayesian inference to estimate the unknown parameters of the model using the firm-level data of seven advanced OECD countries over eight years and shows that the mentioned equilibrium distribution from the model can satisfactorily recover the observed pattern of technical change.

  17. Mass Schooling for Socialist Transformation in Cuba and Venezuela

    Science.gov (United States)

    Griffiths, Tom G.; Williams, Jo

    2009-01-01

    In contemporary contexts of Education for All and emphases on national educational performance, mass education globally continues to be strongly informed by human capital thinking, and by notions of developing future world citizens and workers for the international economy. In this paper, our central focus is on the ongoing educational project of…

  18. What is the best way to enter Florida's real estate market in today's economy? : This may serve as a simple guide which offers options for a startup real estate company to enter any real estate market

    OpenAIRE

    Bryan, Paul

    2011-01-01

    P&I International real estate (PIIRE for short) is a real estate company which left the Florida real estate market in 2006. PIIRE is now seeking the best method to re-enter the Florida’s real estate market within the near future. The owners are seeking the best method to re-establish their real estate business in Florida. At this point the location in Florida has not yet been determined. The determining factors include financing options, business type entry mode, and governmental issues. ...

  19. Globalization and the financialization of the economy

    Directory of Open Access Journals (Sweden)

    Ion Bucur

    2013-12-01

    Full Text Available The defining with profound implications on the economy and society is represented the globalization. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors’ obsession with an excessive profitableness of their own funds and the expansion of using sophisticated financial products. Realities of today’s financial markets, which are the subject of numerous studies and analysis, have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm, within which finances should subordinate the requirements of a balanced and sustained economic growth.

  20. Pattern of Foreign Direct Investment in Developing Economies

    DEFF Research Database (Denmark)

    Patibandla, Murali

    2004-01-01

    Qualitative information and data show significant differences in the magnitude and type of foreigndirect investment inflows among developing economies. Explanation of the differences requiresanalysis of market institutional factors as well as the supply and demand side conditions. This paperadopts...... the approach that different configurations of supply, demand and market institutional factorsexplain the type of investment flows into developing economies. The argument is illustrated througha comparative study of China and India.Key Words: Developing Economies; Foreign Direct Investment; China, and India...

  1. Ideological Cooperation versus Cold War Realpolitik - The SED and the Icelandic Socialist Party

    Directory of Open Access Journals (Sweden)

    Valur Ingimundarson

    2007-01-01

    Full Text Available The article deals with the relationship between the East German Socialist Unity Party (SED and the Icelandic Socialist Party (SEI during the Cold War. It details the structural limitations of ideological cooperation between the two parties – Iceland’s NATO membership and the U.S. military presence – as well as its possibilities, especially in the 1950s, through the governmental participation of the SEI. Special attention is devoted to the role played by Einar Olgeirsson, the chairman of the SEI 1939–1968, who was instrumental in forging and developing political, economic, and cultural ties with the SED and the German Democratic Republic. The article argues that this experiment in transnational solidarity between socialist parties from two radically different political systems failed in the end due to several factors, including ideological differences and the political and economic development in Iceland.

  2. 78 FR 11150 - Utility Scale Wind Towers From the Socialist Republic of Vietnam: Amended Final Determination of...

    Science.gov (United States)

    2013-02-15

    ... From the Socialist Republic of Vietnam: Amended Final Determination of Sales at Less Than Fair Value... Department published the final determination of sales at less than fair value in the antidumping duty... the Socialist Republic of Vietnam: Final Determination of Sales at Less Than Fair Value, 77 FR 75984...

  3. 76 FR 81913 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

    Science.gov (United States)

    2011-12-29

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam.\\1\\ Subsequent to..., 2012. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results...

  4. 78 FR 48415 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Amended Final Results of...

    Science.gov (United States)

    2013-08-08

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... review of the antidumping duty order on certain frozen fish fillets (``fish fillets'') from the Socialist... August 1, 2011, through January 31, 2012. \\1\\ See Certain Frozen Fish Fillets from the Socialist Republic...

  5. 76 FR 70111 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension of Deadline for...

    Science.gov (United States)

    2011-11-10

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam'').\\1... 4, 2011.\\3\\ \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets from the Socialist...

  6. 75 FR 29726 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of Partial Rescission...

    Science.gov (United States)

    2010-05-27

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam''). See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of...

  7. 76 FR 20626 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

    Science.gov (United States)

    2011-04-13

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... and requests for revocation in part for certain frozen fish fillets from the Socialist Republic of... administrative reviews and requests for revocation in part for certain frozen fish fillets from the Socialist...

  8. 77 FR 1470 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time for Final...

    Science.gov (United States)

    2012-01-10

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... preliminary results of the new shipper review of certain frozen fish fillets from the Socialist Republic of... due no later than March 4, 2012. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of...

  9. 75 FR 80795 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

    Science.gov (United States)

    2010-12-23

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... of the sixth administrative and new shipper reviews of certain frozen fish fillets from the Socialist... January 13, 2011. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of...

  10. 75 FR 44938 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

    Science.gov (United States)

    2010-07-30

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... the period August 1, 2008, through July 31, 2009. See Certain Frozen Fish Fillets from the Socialist...: Antidumping Duty Administrative Review of Certain Frozen Fish Fillets from the Socialist Republic of Vietnam...

  11. 75 FR 26199 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension of Time Limit for...

    Science.gov (United States)

    2010-05-11

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... 31, 2009. See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results... Barrientos, Senior Case Analyst, Certain Frozen Fish Fillets from the Socialist Republic of Vietnam, dated...

  12. 76 FR 47149 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of Partial Rescission...

    Science.gov (United States)

    2011-08-04

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam''). See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of...

  13. 75 FR 57261 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Correction of Date for the...

    Science.gov (United States)

    2010-09-20

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... reviews for certain frozen fish fillets from the Socialist Republic of Vietnam covering the period August 1, 2009, through February 15, 2010. See Certain Frozen Fish Fillets From the Socialist Republic of...

  14. 76 FR 61088 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of New Shipper...

    Science.gov (United States)

    2011-10-03

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam, received between... on certain frozen fish fillets from the Socialist Republic of Vietnam was published in the Federal...

  15. 78 FR 55676 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results of the...

    Science.gov (United States)

    2013-09-11

    ... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... order on certain frozen fish fillets (``fish fillets'') from the Socialist Republic of Vietnam... preliminary results. \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist...

  16. A green economy?

    Directory of Open Access Journals (Sweden)

    Petrus Simons

    2014-08-01

    Full Text Available Economic growth has become a fetish, as it is believed to yield many benefits to society. It has its origins in the Enlightenment ideal of progress through science, technology and a free market economy. J.W. Goethe anticipated the problems of such progress in his poem Faust, especially its second part. Binswanger interprets Goethe’s view on the modern economy as a form of alchemy, an attempt to master time through the invention of monetary capital. Keynes’s views on progress and liquidity are compatible with this analysis. The problems, evoked by the uncritical application of scientific technology so as to increase material welfare, have given rise to a dialectic between business seeking growth and those concerned about its effects, especially on ecology. Sustainable development is an outcome of this dialectic, without abandoning it. Others, particularly those advocating décroissance [de-growth], reject the concepts underlying growth. The ideology underlying this is a combination of technicism and economism. A spiritual revolution is called for to break the hold of this ideology on society, with a change from the metaphor of the world as a machine to that of a garden-city. It is suggested that working groups should analyse the various proposals for change from the perspective of the garden-city metaphor.

  17. Feminism and Critical Political Economy of Communication

    Directory of Open Access Journals (Sweden)

    Mojca Pajnik

    2015-03-01

    Full Text Available The article deals with the study of feminist analysis in the field of political economy of communication. We discuss feminisms that flirt with Marxism, socialist and radical feminism, in the light of the importance of studies in the field of communication. We highlight the relevance of the feminist critique of Marxism, drawing attention to the engendered class and addressing the inequalities of capitalist society, not only in the sphere of production but also with relation to the reproductive labor. We introduce notions of “capitalist patriarchy” and “sex class” in order to emphasize the dialectical relationship between the class stratification and hierarchical structuring of capitalist society. We problematize the decline of the materialist perspectives in feminist critique as a turn to discourse and ideology while marginalizing class as an analytical category. In this article, we introduce an intersectional understanding of gender that contributes to gender de-essencialization and de-homogenization. Attention is also paid to prospects for the feminist political economy of communication today, to how it is constituted and what types of analyses it brings and why it is important for the understanding of contemporary society and the processes of communication.

  18. Positioning of sponsorships on the cultural events market

    Directory of Open Access Journals (Sweden)

    Lukić-Krstanović Miroslava

    2013-01-01

    Full Text Available The paper deals with the relationship between cultural events and financial possession through which a complex web of communication can be discerned, in positions of social responsibility and consumerism. In the first part of the paper, sponsorship is described in its historical context in order to point out its key features and transformations over time, especially in the socialist and post-socialist period. By contextualizing sponsorship strategies and messages, one can accurately track the representations and values attached to the positioning of cultural products in the zone of national and global policies. Musical spectacles (concerts, festivals, assemblies etc. are attractive and useful products in the sponsorship market. The EXIT festival, Jelen beer, Guča, Telenor, Alpha Bank, Bogoljub Karić, Zepter, Beer Fest, Tuborg, Kustendorf are just some examples - patents of sponsorship of cultural manifestations in the transitional period. This paper constructs three forms of sponsorship strategies in the domain of cultural festival scenes: ownership, leadership and partnership. In the domain of partnership between collective and private property, sponsorship strategies are based on an ethical mimicry of old/new rules and their enforcers within a gift economy, thus creating arbitrary spaces for action adjusted for crises (the grey economy, money laundering, unstable economic policies etc.. Leadership is a sponsorship strategy which entails complete domination in the sphere of decision making, utilization and spending, without the possibility of outside control. In leadership there is no opposition between owners and sponsors, and everything is subject to the authority of the individual as the one and only, inviolable self-sponsor. Partnership is based on the power of choice in the domain of competition and opposition as bipolar ownership. The tandems of spectacle - sponsor and enjoyment - monopoly, are viable projectors of various strategies

  19. The constraints to the economic development in the former socialist EU countries from the Central and Eastern Europe

    Directory of Open Access Journals (Sweden)

    Vasile Dinu

    2016-08-01

    Full Text Available In the last 25 years, most Central and Eastern European states have become detached from the centralized economy system thus demonstrating the reliability of the market economy. The unequivocal effect of the free market, with ups and downs, forces researchers to undertake increasingly complex economic analysis and further the profile of the new economy. With the accession of a number of countries from this region to the European Union there were some constraints and limitations in adopting the European acquis, whose knowledge and solution involves the use of specific policies and tools. We consider the problems related to the resolution of economic, social and technological discrepancies and gaps, of mitigating the negative impact of unfavourable demographic trends, of elucidating the role of the state amid the erosion of its duties due to the process of integration and globalization, of increasing pressure interdependencies interstate and others.

  20. 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...