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Sample records for transition economies evidence

  1. Government revenue-expenditure nexus: Evidence from several transitional economies

    Directory of Open Access Journals (Sweden)

    Konukcu-Önal Debi

    2008-01-01

    Full Text Available Budget deficits and the debate on the sources of deficit finance have been on the agenda of public economics ever since the 1980s. However recently in the post-communist countries fiscal imbalances appear to be an important problem due to prolonged periods of growing poverty resulting from the transition process. Poverty alleviation policies considerably affect the revenue and expenditure decisions of governments, which are subject to hard budget constraints in an open transitional economy and do not have room for departing from sound fiscal policies. The public finance literature provides a vast number of studies analyzing the relationship between public revenues and expenditures. These studies are mostly characterized by efforts to reveal the attitude of the fiscal authority towards maintaining the budget balance. In this respect, budgetary dynamics in which past government revenues have predictive power on the current level of government expenditures are accepted as evidence of the so-called tax-and-spend hypothesis. On the other hand, the revenue-expenditure nexus running from expenditures to revenues is known in the literature as the spend-and-tax hypothesis. The objective of this study is to analyze empirically the relationship between government revenues and expenditures in four of the transitional economies, i.e. Belarus, Kazakhstan, the Kyrgyz Republic and the Russian Federation. The empirical findings of this study, which are based on Granger causality tests, indicate evidence supporting the tax-and-spend hypothesis in Belarus and the Russian Federation and fiscal synchronization in Kazakhstan and the Kyrgyz Republic. The empirical support for the tax-and-spend hypothesis in these economies implies that increasing government revenues may not end up with lower budget deficits due to their stimulating effect on the demand for public goods and services.

  2. Education, Training, Innovation--Evidence from Transition Economies

    Science.gov (United States)

    Akhmedjonov, Alisher

    2010-01-01

    Innovation is the key to productivity growth and prosperity. Most empirical cross-country analysis of the determinants of innovation focus mainly on developed countries. The objective of this study is to fill this gap in the research and analyze the determinants of innovation in transition countries of Eastern Europe and the Former Soviet Union.…

  3. Understanding Tax Corruption in Transition Economies: Evidence from Bulgaria

    OpenAIRE

    Pashev, Konstantin

    2006-01-01

    Measures of corruption are based on the concept of bribes as extra business costs. Drawing evidence from corruption surveys of business and tax service in Bulgaria, this paper looks at the bribe as a price paid by the taxpayer in exchange for income-maximizing services supplied by corrupt tax officials. It distinguishes between corruption for tax evasion and corruption related to excessive voluntary compliance costs. The latter is closer to the concept of bribes as costs imposed on business, ...

  4. Accounting Conservatism in Transitional Economies : Evidence of the influence of institutional factors in Eastern Europe

    NARCIS (Netherlands)

    P. Kowalczyk (Paulina)

    2010-01-01

    textabstractExecutive summary Prior research shows that accounting conservatism exists in mature economies. However there is not too much research about accounting conservatism in transitional economies. This paper analyses the influence of institutional and political factors on accounting

  5. Financial liberalisation and the dynamics of firm leverage in a transitional economy: evidence from South Africa

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    Chimwemwe Chipeta

    2012-06-01

    Full Text Available This paper examines the dynamics of corporate capital structures for listed non-financial firms in South Africa. The dynamic models of capital structure have been utilised to document several findings of empirical significance. First, transaction costs reduce dramatically in the post liberalisation regime, and the associated speed of adjustment is more pronounced, and statistically significant for the post liberalisation epoch. Second, financial liberalisation has a significant impact on the capital structure speed of adjustment. Third, the results confirm most of the theoretical predictions of capital structure theories; however, the relationship is more significant in the post liberalised regime. Finally, new evidence has been revealed on what determines the debt maturity structure of firms in a transitional economy.

  6. Which Households Use Banks? Evidence from the Transition Economies (Replaced by EBC DP 2011-024)

    NARCIS (Netherlands)

    Beck, T.H.L.; Brown, M.

    2010-01-01

    This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a bank

  7. General Education vs. Vocational Training: Evidence from an Economy in Transition. NBER Working Paper No. 14155

    Science.gov (United States)

    Malamud, Ofer; Pop-Eleches, Cristian

    2008-01-01

    This paper examines the relative benefits of general education and vocational training in Romania, a country which experienced major technological and institutional change during its transition from Communism to a market economy. To avoid the bias caused by non-random selection, we exploit a 1973 educational reform that shifted a large proportion…

  8. Do business groups affect corporate cash holdings? Evidence from a transition economy

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    Weixing Cai

    2016-03-01

    Full Text Available We examine whether business groups’ influence on cash holdings depends on ownership. Group affiliation can increase firms’ agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult external capital acquisition. A hand-collected dataset of Chinese firms reveals that group affiliation decreases cash holdings, alleviating the free-cash-flow problem of agency costs. State ownership and control of listed firms moderate this benefit, which is more pronounced when the financial market is less liquid. Group affiliation facilitates related-party transactions, increases debt capacity and decreases investment-cash-flow sensitivity and overinvestment. In transitional economies, privately controlled firms are more likely to benefit from group affiliation than state-controlled firms propped up by the government.

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

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    James Obi

    2018-06-01

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

  10. 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...

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

    Science.gov (United States)

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

    2018-06-01

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

  12. Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies

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    Tamazian, Artur [School of Economics and Business Administration, University of Santiago de Compostela (Spain); Bhaskara Rao, B. [School of Economics and Finance, University of Western Sydney, Sydney (Australia)

    2010-01-15

    Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern [Stern, D., 2004. The rise and fall of the environmental Kuznets curve. World Development 32(8): 1419-1439.] noted that there are important econometric weaknesses in the earlier studies, such as endogeneity, heteroscedasticity, omitted variables, etc. The purpose of this paper is to fill this gap in the literature by investigating the linkage between not only economic development and environmental quality but also financial development and institutional quality. We employ the standard reduced-form modelling approach to control for country-specific unobserved heterogeneity and GMM estimation to control for endogeneity. Our study considers 24 transition economies and panel data for 1993-2004. Our results support the EKC hypothesis while confirming the importance of both institutional quality and financial development for environmental performance. We also found that financial liberalization may be harmful for environmental quality if it is not accomplished in a strong institutional framework. (author)

  13. Entrepreneurship and bribery in a transition economy : theory and firm-level evidence in Vietnam

    NARCIS (Netherlands)

    Tú, Phan Anh

    2012-01-01

    Het onderzoek gaat in op de oorzaken en gevolgen van corruptie voor bedrijven en ondernemers in Vietnam. Dit land bevindt zich in de transitie van een centraal geleide economie naar een markteconomie. Corruptie kent vele vormen, maar in dit proefschrift gaat het over omkoping: de betaling van kleine

  14. How to increase R&D in transition economies? Evidence from Slovenia

    Czech Academy of Sciences Publication Activity Database

    Domadenik, P.; Prašnikar, J.; Švejnar, Jan

    2008-01-01

    Roč. 12, č. 1 (2008), s. 193-208 ISSN 1363-6669 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : transition * research and development * R&D investment Subject RIV: AH - Economics Impact factor: 0.635, year: 2008 http://www3.interscience.wiley.com/journal/119417634/abstract

  15. The cost of job loss in a transition economy. Evidence from Ukraine

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    Liana Meşter

    2009-05-01

    Full Text Available The first part of the paper presents the costsfor displaced workers as they are depicted in thewestern labor economics literature and the possibleimplication of the transition on them. The second partof the paper follows Lehman ET all (2005 in order toidentify the incidence and costs of displacement inUkraine. Using ULMS (2003, I have found thataround one third of the displaced find re-employmentimmediately while the majority continues into longterm non-employment. The main cost for displacedworkers in Ukraine is the income loss due to long nonemploymentspells experienced by the average workerafter layoff.

  16. DEVELOPING COUNTRIES. TRANSITION ECONOMIES

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    Dumitru FILIPEANU

    2016-05-01

    Full Text Available According to the modern theories of economic development – the take-off, backwardness, convergence and balanced growth hypothesis - the new industrialized states from Asia seem to have noticed the advantages of backwardness from which low income countries benefited, namely the possibility to take advantage of the latest technological discoveries of advanced countries, thus achieving a faster growth than the latter which operated closer to the technological border. The assimilation of appropriate technologies, however, required the efficient mobilization and allocation of resources and the improvement of human and physical capital. While the Western countries were confronted with crises generated by inflationary shocks and movements of speculative capital, the relative isolation of countries whose economy was planned by the world economy sheltered them until 1990, unemployment being practically non-existent. Asia's exceptional economic success is not only due to borrowing Western practices, but also to the fact that Asian societies maintained certain traditional features of their own culture - such as a strong work ethic - and integrated them in the modern business environment.

  17. Which Households Use Banks? Evidence from the Transition Economies (Replaced by CentER DP 2011-089)

    NARCIS (Netherlands)

    Beck, T.H.L.; Brown, M.

    2010-01-01

    This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a bank

  18. Transition economies: performance and challenges

    Czech Academy of Sciences Publication Activity Database

    Švejnar, Jan

    2002-01-01

    Roč. 16, č. 1 (2002), s. 3-28 ISSN 0895-3309 Institutional research plan: CEZ:AV0Z7085904 Keywords : transition economies Subject RIV: AH - Economics Impact factor: 3.058, year: 2002 http://www.jstor.org/stable/2696574

  19. 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.

  20. Financing pharmaceuticals in transition economies.

    Science.gov (United States)

    Kanavos, P

    1999-06-01

    This paper (a) provides a methodological taxonomy of pricing, financing, reimbursement, and cost containment methodologies for pharmaceuticals; (b) analyzes complex agency relationships and the health versus industrial policy tradeoff; (c) pinpoints financing measures to balance safety and effectiveness of medicines and their affordability by publicly funded systems in transition; and (d) highlights viable options for policy-makers for the financing of pharmaceuticals in transition. Three categories of measures and their implications for pharmaceutical policy cost containing are analyzed: supply-side measures, targeting manufacturers, proxy demand-side measures, targeting physicians and pharmacists, and demand-side measures, targeting patients. In pursuing supply side measures, we explore free pricing for pharmaceuticals, direct price controls, cost-plus and cost pricing, average pricing and international price comparisons, profit control, reference pricing, the introduction of a fourth hurdle, positive and negative lists, and other price control measures. The analysis of proxy-demand measures includes budgets for physicians, generic policies, practice guidelines, monitoring the authorizing behavior of physicians, and disease management schemes. Demand-side measures explore the effectiveness of patient co-payments, the impact of allowing products over-the-counter and health promotion programs. Global policies should operate simultaneously on the supply, the proxy demand, and the demand-side. Policy-making needs to have a continuous long-term planning. The importation of policies into transition economy may require extensive and expensive adaptation, and/or lead to sub-optimal policy outcomes.

  1. Real Exchange Rates in Advanced Transition Economies

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    Sanja Grubacic

    2015-10-01

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

  2. 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

  3. Inefficient equilibria in transition economy

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    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.

  4. Discrete dynamics in transitional economies

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    J. Barkley Rosser, Jr.

    1998-01-01

    Full Text Available This paper traces the transition from planned command socialism to market capitalism and the accompanying complex non-linear dynamics involved. Long wave chaotic hysteretic investment cycles emerge under socialism leading to crisis and breakdown. Macroeconomic collapse occurs with bifurcations of coordination structures during transition. During recovery, transitional cobweb labor market dynamics exhibit chaos, fractal basin boundaries between coexisting non-chaotic attractors, discontinuous phase transitions, strange attractors, and cascades of infinitely many period-doubling bifurcations.

  5. Optimization models in a transition economy

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    Sergienko, Ivan V; Koshlai, Ludmilla

    2014-01-01

    This book opens new avenues in understanding mathematical models within the context of a  transition economy. The exposition lays out the methods for combining different mathematical structures and tools to effectively build the next model that will accurately reflect real world economic processes. Mathematical modeling of weather phenomena allows us to forecast certain essential weather parameters without any possibility of changing them. By contrast, modeling of transition economies gives us the freedom to not only predict changes in important indexes of all types of economies, but also to influence them more effectively in the desired direction. Simply put: any economy, including a transitional one, can be controlled. This book is useful to anyone who wants to increase profits within their business, or improve the quality of their family life and the economic area they live in. It is beneficial for undergraduate and graduate students specializing in the fields of Economic Informatics, Economic Cybernetic...

  6. Financial system development in transition economies

    NARCIS (Netherlands)

    Hermes, C.L.M.; Lensink, B.W.

    This paper provides an overview of the major issues with respect to financial system development in transition economies, which were discussed at a conference in Groningen, the Netherlands, December 1997. After a brief remark on the role of financial system design during economic transition, the

  7. Managing innovation systems in transition economies

    OpenAIRE

    Baković, Tomislav

    2010-01-01

    Successfully managing innovations has become the basic precondition for the development of both companies and national economies. At the national level governments are forming innovation systems whose primary goal is to create conditions at which science and technology can flourish and then transfer their findings trough private sector into new revolutionary products and services. Unfortunately not all countries have the same preconditions for creating such systems and transition economies du...

  8. Problems measuring the underground economy in transition

    Czech Academy of Sciences Publication Activity Database

    Hanousek, Jan; Palda, F.

    2006-01-01

    Roč. 14, č. 4 (2006), s. 707-718 ISSN 0967-0750 R&D Projects: GA ČR GA402/04/0166 Institutional research plan: CEZ:AV0Z70850503 Keywords : informal economy * macro estimates of shadow economy * transition Subject RIV: AH - Economics Impact factor: 1.000, year: 2006 http://dx.doi.org/10.1111/j.1468-0351.2006.00268.x

  9. Life in the Transition Economies.

    Science.gov (United States)

    Lopus, Jane

    1998-01-01

    Reports on interviews conducted with Ukrainian teachers who were asked whether they and others they know are better, or worse, off since Ukrainian independence. Addresses inflation, private enterprise, delayed salaries, and new freedoms. Provides insights into the effects of the transition on people's lives and hopes for the future. (DSK)

  10. Are Polish firms risk-averting or risk-loving? : evidence on demand uncertainty and the capital-labour ratio in a transition economy

    NARCIS (Netherlands)

    Lensink, Robert; Murinde, Victor; Green, Christopher J.

    1999-01-01

    This paper investigates the effect of demand uncertainty on the capital-labour ratio of non-financial firms in Poland in order to infer the firms’ risk behaviour. A generic model is used to characterise a utility maximising firm in a transition economy with demand uncertainty and imperfect

  11. Determinants Of Foreign Direct Investment In Transition Economies, With Special Reference To Macedonia: Evidence From Gravity Model1

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    Dauti Bardhyl

    2015-12-01

    Full Text Available This paper accounts for the main determinants of Foreign Direct Investment stocks to 5-South East European Countries and the 10-New Member States of the European Union countries by using an augmented Gravity Model, for the purpose of calculating the potential levels of FDI stock in Macedonia. The study takes into account country specific institutional factors that determine foreign investors’ decisions from 20 core OECD countries to invest in SEE-5 and EU-NMS-10 countries. From the results of the study we find that gravity factors (market size and distance, institutional related factors (control of corruption, corruption perception index, regulatory quality, transition progress and WTO membership and other traditional determinants of FDI (schooling, bilateral exports appear to significantly determine inward FDI stock to the SEE region and new EU member states. The GMM estimates suggest that bilateral FDI stock is subject to persistence effects. The study additionally confirms the relatively strong gravitational character of Macedonia’s inward FDI stock.

  12. Transnational corruption and innovation in transition economies

    NARCIS (Netherlands)

    Habiyaremye, A.; Raymond, W.

    2013-01-01

    In this paper, we examine how transnational corruption affects host country firms’ innovation behaviour and performance in transition economies of Eastern Europe and Central and Western Asia. Using firm-level data from the Business Environment and Enterprise Performance Survey, we show that the

  13. Institutional incentives in circular economy transition

    NARCIS (Netherlands)

    Fischer, Aglaia; Pascucci, Stefano

    2017-01-01

    The aim of this paper is to gain insight into how requirements for transitioning to circular economy creates new organizational forms in inter-firm collaborations, and ultimately how they stimulate the emergence of new institutions enhancing sustainability. Two strands of literature, one on

  14. Real exchange rates and transition economies

    NARCIS (Netherlands)

    Boero, G.; Mavromatis, K.; Taylor, M.P.

    2015-01-01

    In a number of empirical studies, transition economies have been shown to be subject to the Harrod-Balassa-Samuelson effect. This implies that the currencies of these countries have experienced a prolonged appreciation in real terms as their convergence proceeded. In this paper we find that a

  15. On educational attainment in transition economies

    Czech Academy of Sciences Publication Activity Database

    Duczynski, Petr

    2001-01-01

    Roč. 10, č. 2 (2001), s. 163-173 ISSN 1210-0455 R&D Projects: GA AV ČR KSK9058117 Institutional research plan: CEZ:AV0Z7085904 Keywords : transition economies * educational attainment Subject RIV: AH - Economics

  16. Monetary Policy Rules in Some Transition Economies

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    Mohamed El-Hodiri

    2014-12-01

    Full Text Available In this paper we examine the question of whither monetary rules or ad hoc monetary policies were followed during the early stages of transition and in response to the global financial crisis. We study Eastern European countries and thee CIS countries. We find that during the early of transition, both developed economies and economies in transition used the monetary base, as well as the interest rate, as the main tools for monetary policy. However, in response to the global crises, priority was given to the main objective such as containing inflation and supporting economic growth. Monetary authorities had the additional possible choice of alternative objectives, such as stabilization of nominal exchange rate and real effective exchange rate, or increase in reserves. It was found that countries mostly retained priorities of monetary policy and some of them gave a greater importance to the alternative objectives.

  17. Theory of Microcrediting in Transitional Economies

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    Nikola Kadoić

    2009-06-01

    Full Text Available In the early 1970s, Bangladeshi banker and economist Dr. Muhammad Yunus designed microcrediting – a socially sensitive and rightful system of fighting poverty and high unemployment rates. His Grameen Bank for the poorest of the poor in Bangladesh has so far lifted more than 3.2 million of individuals and their families out of poverty. After initial successes at home, microcredit was put into service for reducing unemployment and alleviating poverty in numerous countries throughout the world. This paper explores specific problems that a typical transitional country (like Croatia, is likely to face, with unemployment – the source of a vast number of related problems in a transitional society – as the focal point. The authors have attempted to incorporate particularities of a transitional economy into the original microcrediting principles. As a solution to problems afflicting the domestic economy, the authors define a global microcrediting system framework on the macroeconomic level, assuming at the same time that microcrediting of socially vulnerable groups can resolve many problems of modern transitional societies. Arising from the authors' primary intention – to consider in depth the functionality of microcrediting in general transition conditions – a transitional microcrediting system has been defined in general terms, and a corresponding financial and mathematical model developed.

  18. Is Transition in the Russian Economy Complete?

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    Viktor Mikhailovich Kul’kov

    2015-09-01

    Full Text Available A quarter of a century passed since the beginning of market transformation (transition in Russia; nevertheless, there are serious doubts about whether the transition is complete. The effective transition to a new type of economy should ideally be a period of transformation, modernization and the formation of a national economic model. Only in this case can it be qualified as full, adequate, and constructive. Such combination has not taken place in Russia; it seems as if the market transformations were taking place independently, and this is the root of Russia’s many contemporary problems. The current crisis in the Russian economy primarily reflects the pendency of these tasks that were necessary to be solved from the very beginning of transformation. This crisis is first of all a focused expression and continuation of the transformation and reproduction crises in the national economy, the crisis of the current defective economic models and the then pursued economic policy. External factors only facilitated the exacerbation of Russia’s internal problems. In order to respond effectively to such a large-scale crisis it is necessary to consider all its aspects and underlying causes originating in the challenges of the transition period. Only the implementation of economic modernization and the formation of an effective national economic model is able to bring the Russian economy to a new level of development and thus to bring the transformation, which is lagging behind due to historical reasons, in line with these processes. In this case there will be good reason to conclude that the final border of the transition period is overcome. A new model of Russia’s economy must be adequate to the entire set of national-specific factors and strategic and vital development goals that Russia has. The core of modernization must be new industrialization, which is characterized by the transition to automation, computerization, greening of industrial

  19. Benchmarking a Transition Economy Capital Market

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    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.

  20. Grey economy, crisis and transition in Serbia

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    Novaković Nada G.

    2015-01-01

    Full Text Available In this article the author uses a sociological approach to the study of the gray economy in a society in transition, i.e. the Serbian society. A special emphasis is placed on the socio-economic development from 2007 to 2012. This is the time just before the onset of the global economic crisis, and its deepening and expansion. In Serbia, the privatization and transition of society had just terminated. The main thesis of this paper is that the main factors of the emergence and spread of the shadow economy are primarily of domestic origin. The world crisis gave them just a special stamp. The most important factors of gray economy are systemic in nature. These are the following: the inherent nature of the state transition, the selected and implemented concept of privatization and, finally, the character of Serbian political and economic elites. They form the core of the new capitalist class in Serbia, which is dependent on the international centers of financial, political and military power. The concept of the underground, gray economy refers to the following: unauthorized activities outside the law and norms of business, avoidance of tax and other obligations, bribery and corruption. The author emphasized the multidimensionality of the gray economy and attempted to interdisciplinary approach its study. Therefore, he used a large array of data: economic, demographic and historical. Special attention was paid to the results of sociological research on the structure of society, inequality, unemployment and poverty of citizens. The first part lists the most important systemic factors of growth of gray economy in Serbia. They are numerous, but the article focuses on the following: 1. the neo-liberal model of social transition; 2. the model of 'shock' privatization of the social assets; 3. the collapse of the welfare state and the dwindling of acquired economic and social rights; 4. the influence of the 'international community'; 5. the low activity and

  1. Determinants of cross-border bank acquisitions in transition economies1

    NARCIS (Netherlands)

    Poghosyan, Tigran; de Haan, Jakob

    2010-01-01

    We analyse the microeconomic determinants of cross-border bank acquisitions in 11 transition economies over the period 1992-2006. We find that foreign banks target relatively large and efficient banks when they enter transition economies with weak institutions. This evidence provides support for the

  2. Social Capital, Economic Growth and Transition Economies

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard

    1998-01-01

    transactions to take place without third-party enforcement. Theory and lessons from empirical evidence lead to three general recommendations for building social capital in the future: First, the state must withdraw and minimize its role in the economy so to leave room for voluntary organization and free......Summary: What does social capital mean and how can it be built? Social capital is considered as a new production factor which must be added to the conventional concepts of human and physical capital. Social capital is productive because it increases the level of trust in a society and allows more......-trade. Second, state withdrawal should be combined with efforts to increase economic growth and gain popular support for the implementation of reforms. Third, voluntary groups, beneficial to the economy, should not be institutionalized to prevent them from turning into harmful rent-seeking groups....

  3. Transition(s) towards an ecologic economy. The prospective program

    International Nuclear Information System (INIS)

    Riviere, Antoine; Hervieu, Halvard; Monnoyer-Smith, Laurence; Cecutti-Etahiri, Nathalie

    2015-07-01

    This publication aims at presenting works performed between 2010 and 2014 within the frame of the prospective program 'Transition(s) towards an ecologic economy' of the prospective mission of the CGDD (Commissariat General au Developpement Durable, the French General Committee for Sustainable Development). It also presents lessons which can be learned. The first part examines what could be the shape of an ecologic economy. For this purpose, scenarios have been developed which allow the role which various actors (citizen, territories, State) can play, and the possible evolutions of the present social-economic system to be explored. The second part addresses more specific issues in order to highlight some levers of action for a successful transition. These issues can be transverse (for example, the role of ITs in ecologic economy, or the human factor in terms of challenge of social change and employment) as well as sector-based (focus on transports and on ecologic mobility in the perspective of automotive industries and enterprises, and of public policies)

  4. The Changing Nature of Doing Business in Transition Economies

    DEFF Research Database (Denmark)

    The Changing Nature of Doing Business in Transition Economies uses a variety of national backgrounds to review the advancing business development of emerging economies and the impact of changing business conditions. It provides detailed insights into the way in which businesses function...... successfully in emerging economies with a comprehensive overview of the major strategic aspects involved....

  5. Introducing Opportunity-based Entrepreneurship in a Transition Economy

    DEFF Research Database (Denmark)

    Perunovic, Zoran

    2005-01-01

    This paper confronts necessity-based and opportunity-based entrepreneurial concepts in the transition of developing economies. The author constructs a research model and conducts field research (using Serbia as a case study) to explore how different personal and regional characteristics can favour......-up strategy for transition and developing economies....

  6. Trade policy and quality leadership in transition economies

    NARCIS (Netherlands)

    Moraga-González, José Luis; Viaene, Jean Marie

    Trade policy and quality leadership in transition economies are analyzed in a duopoly model of trade and vertical product differentiation. We first show that the incidence of trade liberalization is sensitive to whether firms in transition economies are producers of low or high quality. Second, we

  7. Capacity Building in Economics : Education and Research in Transition Economies

    OpenAIRE

    Pleskovic, Boris; Aslund, Anders; Bader, William; Campbell, Robert

    2002-01-01

    The development of the institutional capacity to create and evaluate economic policies remains a critical need-and constraint-in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding i...

  8. 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

  9. 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...

  10. Recent trends in gas pricing in economies in transition

    International Nuclear Information System (INIS)

    Cornot-Gandolplhe, S.

    1996-01-01

    This paper deals with end-user gas price movements in economies in transition since 1990 and with present problems associated with rising of gas prices levels. The first part stresses the major discrepancies existing between countries in transition with regard to their economic situation and their gas market. Historical gas price movements are shown in the second part, which analyzes the main trends observed in economies in transition and problems encountered when raising the gas prices

  11. Impact Assessment of Citizen Fairs in the Process of Transition from the Popular Economy to a Solidarity Economy

    Directory of Open Access Journals (Sweden)

    Ángel Enrique Zapata-Barros

    2017-06-01

    Full Text Available The law of popular and solidarity economy in Ecuador was created to promote the transition of organizational forms of popular solidarity economy towards forms of organization. This law made possible the development of projects aimed at strengthening solidarity economic practices. One of these projects are the citizens fairs, promoted since 2008 by the state (government ministry. The fairs are an associative marketing strategy is an alternative to price speculation and a viable path to the organization of popular venture. Effective evidence that the fairs do not contribute to the transition offered popular economic forms towards forms of organization solidarity.

  12. Impact of inflation on the macroeconomic indicators in transition economies

    Directory of Open Access Journals (Sweden)

    Ranković Marko

    2012-06-01

    Full Text Available This paper is dealing with treats of inflation in times of world financial turmoil. It examines how inflation is impacting macroeconomic factors. Is there relationship and how strong it is between inflation and economic growth, unemployment rate and other selected economic indicators? Motivated by these questions, this paper examines the relationship between inflation and selected macroeconomic indicators: real GDP annual growth rate, privatization revenues, as part of the GDP, level of investments, unemployment rate and share of assets of foreign banks in domestic bank system by using data for 13 transition economies over the period 1993-2008. The evidence strongly supports the view that the relationship between inflation and selected macroeconomic indicators is significantly and strongly negative, observed for the region. However, for small number countries in transition there is no direct significant relationship between inflation, but indirect relationship has been showed.

  13. 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...

  14. 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.

  15. Transition to knowledge-based economy in Saudi Arabia

    NARCIS (Netherlands)

    Nour, S.

    2014-01-01

    This paper discusses the progress in transition to knowledge-based economy in Saudi Arabia. As for the methodology, this paper uses updated secondary data obtained from different sources. It uses both descriptive and comparative approaches and uses the OECD definition of knowledge-based economy and

  16. The Challenge of the GATS for Transition Economies Seeking to Join the WTO

    Directory of Open Access Journals (Sweden)

    J. Anthony VanDuzer

    2004-02-01

    Full Text Available Transition economies seeking to join the World Trade Organization (WTO face a variety of distinctive challenges relating to their prospective obligations under the General Agreement on Trade in Services (GATS. Transition economies are characterized by changing market and industry structures on the one hand, and ongoing reforms to their regulatory structures on the other. Both make it extremely difficult for transition economies to develop a position on what WTO services commitments they should undertake in their national schedules of specific commitments. Accession negotiations are further complicated by the evolving nature of GATS rules themselves and the tough negotiating stance taken by existing Members. Based on evidence from recent accessions, the effective minimum requirements relating to services for transition economies seeking to join the WTO are increasing

  17. Capacity building in economics : education and research in transition economies

    OpenAIRE

    Pleskovic, Boris*Aslund, Anders*Bader, William*C

    2002-01-01

    The development of the institutional capacity to create and evaluate economic policies remains a critical need-and constraint-in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding in market-based economics. This requires strengthening economics education and providing support for quali...

  18. Service Recovery in Transition Economies: Russia and China

    OpenAIRE

    Wendy K. T. Gubler; Matthew W. McCarter; Kristie K. W. Seawright; Yuli Zhang

    2008-01-01

    While processes for transition from planned to market economy vary, there is one common outcome from the transition process – more discriminating customers. Growing customer expectations increase the possibility of failing to meet those expectations. In competitive market economies service failures are accompanied by new consequences of lost customer loyalty. These potential losses to service providers that can result from service failures necessitate the implementation of service recov...

  19. Hidden Challenges to Education Systems in Transition Economies.

    Science.gov (United States)

    Berryman, Sue E.

    This book, published by the World Bank, sounds the alarm for education in Europe and Central Asia (ECA). It describes how the transition from communism to free-market economies has left many countries' educational systems in disarray. At the start of transition, ECA education systems had solved problems that plagued other regions of the world,…

  20. Public-private sector earnings differentials in a transition economy

    OpenAIRE

    Laušev, Jelena

    2011-01-01

    The aim of this thesis is to analyse how economic transition affected earnings differentials in Eastern European economies. In particular, as the public sector was the sole employer in the pre-transition period, the analysis of public sector pay setting is crucial to understanding how privatisation affected the labour market during the transition.\\ud \\ud The central idea of the first essay is to develop a theoretical model that explains the pay setting behaviour of the employer in the public ...

  1. The Political Economy of International Transitional Administration

    DEFF Research Database (Denmark)

    Grasten, Maj Lervad; Tzouvala, Ntina

    2018-01-01

    This article reconstructs how democratic participation and interference can be fended off by the construction of an international authoritarian political architecture and a strongly legalised and specific form of market economy. We do this by interrogating International Territorial Administration...... corporations. Even though the two administrations focused on different aspects of land and agriculture regulation, we argue that significant commonalities exist between their political preferences and interests. Our work draws on the tradition of critical legal studies in International Law (IL) and we posit...... that by drawing on this tradition, scholarship on post-conflict international territorial administration is better able to capture the long-term ramifications of international intervention....

  2. The transition from industrial (traditional to new (information economy

    Directory of Open Access Journals (Sweden)

    Ilić Bogdan B.

    2004-01-01

    Full Text Available At the end of 20th century a new economy and a new information society emerged, as a result of achieving the third and the transition to the fourth scientific and technological revolution. The basis of this new economy lies in the transition from the industrial production to the production based on information and technology. The new economy contributes to changing the character of the factors of production, the structure of the value produced the motives of production, the workers’ position (robots replacing slaves etc. Besides labor, capital, land and entrepreneurship, information appears to be the fifth and the most important factor of production. The Internet is becoming the foundation of the new economy and contributes to changing the way people learn and do research, as well as to reducing the burden of administration, changing the way of competition, reducing operating costs crossing national borders and leading to the process of globalization of the world economy into an integral entity. Some basic characteristics of this new economy are the following: the information basis of production, rapid changes of products, flexible production systems, network organization of production, integration, services backed by products, skills and knowledge generalization, education, knowledge and talent becoming the most important factor of the socio-economic growth and development, etc. The new economy leads to a number of advantages when compared to the traditional one. However, it also has a number of negative consequences: pollution indebtedness of underdeveloped countries, widening the gap between the development level of regions, countries and individuals, growing inflation unemployment etc. But the new economy is objectively conditioned and the task of each national economy is to determine the most favorable way of its incorporation into this new economy (globalization.

  3. Potential role of nuclear power in developing and transition economies

    International Nuclear Information System (INIS)

    Ganiage, D.; Dierstein, P.

    1995-01-01

    The potential role of nuclear power is different in developing or in transition economies; in developing countries such as China, the growth of electricity consumption is high and the construction of several standardized plants is economically justified; in transitional economies, such as Ukraine, the needs are uncertain, old and unsafe plants have to be decommissioned and uncompleted nuclear plants (due to financial problems) should be completed. Nuclear power may provide the developing and transition economies with several advantages such as energy independence and fuel supply security, minimal environmental pollution, support to local industry and employment. It also means the support of national authorities and the development of a suitable infrastructure for plant safety and waste management, financial help and local population acceptance

  4. The role of transit in the economy of Latvia

    Directory of Open Access Journals (Sweden)

    Gžibovska Nataļja

    2013-06-01

    Full Text Available Transit is an important issue in the history of world economy, including the economy of Latvia. Transit makes a significant contribution to the budget of many transit countries, one of which is the Republic of Latvia. These countries do not have significant natural resources and prefer to focus on logistics and infrastructure in order to facilitate the transit process. This article focuses on the role of transit in the economy of Latvia, whose unique geographical position makes the country an effective transport corridor (bridge in both the west-east and north-south directions. The article presents the results of an opinion poll conducted at Latvian transit enterprises regarding their future development and offers an overview of the main seaports and the Rīga international airport. The author examines the issue of Russia’s accession to the World Trade Organization and its impact on the Latvian transit, the prolongation of EU sanctions against Belarus, and the use of Latvian transport infrastructure for handling the non-military cargo traffic to/from Afghanistan. In conclusion, a forecast of possible transit development in Latvia is provided.

  5. Short-term economic indicators. Transition economies

    International Nuclear Information System (INIS)

    1995-04-01

    This quarterly publication complements the OECD Main Economic Indicators. It presents a wide range of monthly, quarterly, and annual economic indicators covering such topics as industrial production, business surveys, construction, employment, earnings, prices, domestic and foreign finance, interest rates and domestic and foreign trade for the following 21 transition countries: Bulgaria, Poland, Azerbaijan, Russian Federation, Czech Republic, Republic of Slovenia, Belarus, Estonia, Romania, Kazakhstan, Tajikistan, Hungary, Slovak Republic, Kyrgyz Republic, Turkmenistan, Latvia, Republic of Moldova, Ukraine, Lithuania, Armenia, Uzbekistan. (author)

  6. CULTURAL POLICY IN TRANSITIONAL ECONOMIES: NEW CHALLENGES

    Directory of Open Access Journals (Sweden)

    Ulyana V. SHCHURKO

    2014-06-01

    Full Text Available The article is dedicated to the new conditions of countries’ development in the post-crisis period. Challenges to the cultural and socio-economic policy during last decade were analyzed. Religious factors are offered to be considered as important mechanisms of solving transition period problems, and at the same time as the causes of many conflicts in the world. It was offered to include those factors as inevitable elements into modern policy making process.

  7. 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.

  8. Regional unemployment and human capital in transition economies

    Czech Academy of Sciences Publication Activity Database

    Jurajda, Štěpán; Terrell, K.

    -, č. 77 (2007), s. 1-34 Institutional research plan: CEZ:AV0Z70850503 Keywords : unemployment * human capital * regional labor markets Subject RIV: AH - Economics http://ipc.umich.edu/ working papers/ipc-77-jurajda,terrell,regional-unemployment-human- capital -transition-economies.pdf

  9. Transition to Market Economy in Eastern Europe

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard

    1998-01-01

    Because the transition to democracy in 1989 was a non-violent "velvet revolution", the old state monopolies were not removed. State monopolies have small-group advantages in contrast to the large group of private firms which are numerous and not yet organized. In the case of Russia, the numerous...... and small private firms were not capable of cooperating, nor were the military and the foreign trade lobbies due to internal competition and large numbers, respectively. In contrast, the energy and agrarian lobbies maintained their subsidies by cooperating and acting as allies and non-competitors. Free...... trade with the West and potential competition may mobilize popular support in favor of privatization and put pressure on the old state monopolies. However, lobbies in the European Union (EU) may oppose free trade to maintain their monopoly and to avoid competion for the Structural Funds in the EU....

  10. Transition towards Circular Economy in the Food System

    Directory of Open Access Journals (Sweden)

    Alexandra Jurgilevich

    2016-01-01

    Full Text Available Growing population and increased demand for food, inefficient resource use and food distribution, environmental impacts, and high rates of food wasted at all stages of the food system are all calling for transition towards more sustainable practices. In this article we apply the concept of circular economy to the case of a sustainable food system. Furthermore, we explore the transition towards a circular food system through the lens of socio-technical transition theory towards sustainability. We discuss challenges and potential solutions for the production stage (focusing on nutrient flow, the consumption stage (focusing on meat consumption, and food waste and surplus management and prevention.

  11. Potential of forestry biomass for energy in economies in transition

    International Nuclear Information System (INIS)

    Apalovic, R.

    1995-01-01

    A rapid increase in the world's population, the gradual exhaustion of fossil fuels and serious ecological problems are making developed countries more attentive to the utilization of renewable energy sources, mainly biomass, which should form part of the global energy mix during the twenty-first century. The economies in transition have been experiencing a transformation of their political, economic and social systems and a modernization of their industry, including the energy industry. Energy supply in the transition economies is based on coal, oil, gas and nuclear power. Of the renewable sources, only hydroelectric power is utilized to any significant extent. The forest biomass resources of these economies are quantified in this paper. The economies in transition have a big potential for biomass from forestry and timber industry wastes and agricultural wastes that are not being utilized and could become a source of energy. So far, biomass is used as a source of energy in only small amounts in the wood and pulp industries and as fuelwood in forestry. The governments of some countries (the Czech Republic, Hungary and Slovakia) have energy plans through the year 2010 that aim to develop renewable energy sources. Economic, institutional, technical and other barriers to the development of renewable sources and their utilization are analysed in this paper and some remedies are proposed. In cooperation with countries such as Austria, Denmark, Sweden, Finland, the United States of America and others, which have achieved remarkable results in the utilization of biomass for energy, it would be possible for the transition economies to quickly develop the technological know-how needed to satisfy the demand for energy of approximately 350 million inhabitants. (author)

  12. Potential of forestry biomass for energy in economies in transition

    Energy Technology Data Exchange (ETDEWEB)

    Apalovic, R [State Forest Products Research Institute and Slovak Biomass Association, Bratislava (Slovakia)

    1995-12-01

    A rapid increase in the world`s population, the gradual exhaustion of fossil fuels and serious ecological problems are making developed countries more attentive to the utilization of renewable energy sources, mainly biomass, which should form part of the global energy mix during the twenty-first century. The economies in transition have been experiencing a transformation of their political, economic and social systems and a modernization of their industry, including the energy industry. Energy supply in the transition economies is based on coal, oil, gas and nuclear power. Of the renewable sources, only hydroelectric power is utilized to any significant extent. The forest biomass resources of these economies are quantified in this paper. The economies in transition have a big potential for biomass from forestry and timber industry wastes and agricultural wastes that are not being utilized and could become a source of energy. So far, biomass is used as a source of energy in only small amounts in the wood and pulp industries and as fuelwood in forestry. The governments of some countries (the Czech Republic, Hungary and Slovakia) have energy plans through the year 2010 that aim to develop renewable energy sources. Economic, institutional, technical and other barriers to the development of renewable sources and their utilization are analysed in this paper and some remedies are proposed. In cooperation with countries such as Austria, Denmark, Sweden, Finland, the United States of America and others, which have achieved remarkable results in the utilization of biomass for energy, it would be possible for the transition economies to quickly develop the technological know-how needed to satisfy the demand for energy of approximately 350 million inhabitants. (author) 6 refs, 4 figs, 4 tabs

  13. Energy Efficiency and Urban Renewal in the Economies in Transition

    International Nuclear Information System (INIS)

    Brendow, K.

    1997-01-01

    The Paper notes the importance of energy consumption in agglomerations (65-70% in the economies in transition) and of related emissions. It assesses the technical and cost-effective potential for a 40% and more decrease in urban energy intensities and SO 2 /NO x emissions by 2020, resulting from a systematic approach to urban as well as energy planning. Compared to approaches worldwide, urban energy renewal in the economies in transition appears, as its beginning, characterized by a traditional focus on existing technological supply sub-systems such as district heating and co-generation. The obstacles to a more systematic approach, including demand side management, are slow progress in urban and energy reforms and a lack of acquaintance with modern planning tools. International cooperation is incommensurate with the long-term challenge of s ustainable urban development . (author)

  14. Banking Crises and Bank Resolution; Experiences in Some Transition Economies

    OpenAIRE

    International Monetary Fund

    2002-01-01

    Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in industrial and developing countries. Resolving the crises proved technically and politically difficult, and setbacks occurred. Successful resolution required the implementation of a comprehensive and ...

  15. Testing Environmental Kuznets Curve in the Selected Transition Economies with Panel Smooth Transition Regression Analysis

    Directory of Open Access Journals (Sweden)

    Mahmut Zortuk

    2016-08-01

    Full Text Available The Environmental Kuznets Curve (EKC introduces an inverted U-shaped relationship between environmental pollution and economic development. The inverted U-shaped curve is seen as complete pattern for developed economies. However, our study tests the EKC for developing transition economies of European Union, therefore, our results could make a significant contribution to the literature. In this paper, the relationship between carbon dioxide (CO2 emissions, gross domestic product (GDP, energy use and urban population is investigated in the Transition Economies (Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Environmental Kuznets Curve is tested by panel smooth transition regression for these economies for 1993 – 2010 periods. As a result of study, the null hypothesis of linearity was rejected and no-remaining nonlinearity test showed that there is a smooth transition exists between two regimes (below $5176 GDP per capita is first one and above $5176 GDP per capita is second one in the related period for these economies.

  16. INSTITUTIONAL DETERMINANTS OF INVESTMENT INFLOWS INTO TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    Donu Victoria

    2015-12-01

    Full Text Available This article investigates the relationship between institutional quality and the level of investment inflows into post-communist countries. We attempt to empirically verify the argument that institutional determinants are essential in explaining the variation in investment inflows into transition economies after the demise of socialism in the early 1990s. The role of institutions is assessed using Economic Freedom indices provided by the Heritage Foundation. Consequently, to investigate the progress of institutional quality in transition economies, we further employ indicators developed by the European Bank for Reconstruction and Development. Using a panel data set for 11 transition countries from 1993 to 2013, we conclude that the impact of institutional quality on investment inflows is not negligible, yet much weaker than suggested by the existing theoretical literature. Using a  fixed-effects model framework in both regression benchmarks with metrics from the Heritage Foundation and the European Bank for Reconstruction and Development, respectively, we observe that the impact of institutional variables on the level of investment was less significant than expected. Moreover, macroeconomic fundamentals appear to always play a more substantial role than institutional factors.

  17. Motives for Barter in Developing, Transition, and Developed Economies

    DEFF Research Database (Denmark)

    Sudzina, Frantisek

    2012-01-01

    , which minimizes the threat of extortion by organized crime syndicates and increases the probability that tax authorities accept non-cash payments. Furthermore, bartering may be used to decrease tax burdens, repatriate capital, deal with undervalued or overvalued domestic currency, circumvent the effects...... for interorganizational barter; it further investigates which motives are relevant predominantly for developing (and possibly transition) economies and which motives also appear in developed countries. Barter in developing countries may be motivated by limited access to hard currency, as well as to decrease cash holdings...

  18. 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.

  19. Potential role of nuclear power in developing and transitional economies

    International Nuclear Information System (INIS)

    Ganiage, D.; Dierstein, Ph.

    1996-01-01

    In some developing countries, such as Asia, the growth of electricity consumption is high, and a nuclear programme based on the construction of several standardised plants could be implemented and economically justified. In transitional economies, such as in Central and Eastern Europe countries, electricity authorities were forced to stop the construction of several nuclear plants, mainly because of financial problems. Nuclear power can provide the developing and transition economies with several advantages, such as energy independence and fuel supply security, minimal environmental pollution, support to local industry and employment. On the other hand, nuclear energy also means the support of national authorities and the development of a suitable infrastructure in order to check the enforcement of legal procedures, plants safety and waste management. Local population must understand and accept this commitment linked hand to hand with the choice of nuclear energy. Finally, nuclear industry is very capital-intensive. Therefore, financial resources are to be found by the local electricity authorities, along with the development of a suitable legal framework and the implementation of new tariff policies which must reflect the real costs of electricity. (R.P.)

  20. Random walk theory and exchange rate dynamics in transition economies

    Directory of Open Access Journals (Sweden)

    Gradojević Nikola

    2010-01-01

    Full Text Available This paper investigates the validity of the random walk theory in the Euro-Serbian dinar exchange rate market. We apply Andrew Lo and Archie MacKinlay's (1988 conventional variance ratio test and Jonathan Wright's (2000 non-parametric ranks and signs based variance ratio tests to the daily Euro/Serbian dinar exchange rate returns using the data from January 2005 - December 2008. Both types of variance ratio tests overwhelmingly reject the random walk hypothesis over the data span. To assess the robustness of our findings, we examine the forecasting performance of a non-linear, nonparametric model in the spirit of Francis Diebold and James Nason (1990 and find that it is able to significantly improve upon the random walk model, thus confirming the existence of foreign exchange market imperfections in a small transition economy such as Serbia. In the last part of the paper, we conduct a comparative study on how our results relate to those of other transition economies in the region.

  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. Institutional paradoxes of vat under developing economy of transition period

    Directory of Open Access Journals (Sweden)

    Dmitriy G. Bachurin

    2016-01-01

    Full Text Available Objective to determine the characteristics of the destructive impact of VAT taxation on the socioeconomic situation of the Russian Federation. Methods the research is based on the complex economic and legal methodology including the institutional approach with the account of the national socioeconomic and legal realities determining the conditions of functioning of branches and particular enterprises in the Russian economy. Results the conditions and characteristics of the introduction of VAT in the Russian Federation are viewed the reasons are revealed for the formation and development of the problemcausing VAT in the domestic tax system the socioeconomic implications of VAT are analyzed the viability of replacing VAT for a turnover tax is demonstrated. Scientific novelty for the first time the conceptual position is articulated that under the realities of the reformed Russian economy the normativelegal outline of the VAT complements the accumulated destructive potential blocking the way to the industrial growth in the national economy enhances the asymmetry of conditions of different forms of ownership while the actual conditions of the transition period in Russia do not correspond to the main idea and purpose of VAT as an institution aimed at the efficient relocation of a significant part of the newly created value added to the social sectors and at the modernizing effect on the productive forces for technological improvement in industry. Practical significance the provisions and conclusions of the article can be used when discussing issues on the need for the VAT reform in the Russian Federation including switching to the turnover tax. nbsp

  3. China in the transition to a low-carbon economy

    International Nuclear Information System (INIS)

    Zhang Zhongxiang

    2010-01-01

    China, from its own perspective cannot afford to and, from an international perspective, is not allowed to continue on the conventional path of encouraging economic growth at the expense of the environment. Instead, China needs to transform its economy to effectively address concern about a range of environmental problems from burning fossil fuels and steeply rising oil import and international pressure on it to exhibit greater ambition in fighting global climate change. This paper first discusses China's own efforts towards energy saving and pollutants cutting, the widespread use of renewable energy and participation in clean development mechanism, and puts carbon reductions of China's unilateral actions into perspective. Given that that transition to a low carbon economy cannot take place overnight, the paper then discusses China's policies on promoting the use of clean coal technologies and nuclear power. Based on these discussions, the paper provides some recommendations on issues related to energy conservation and pollution control, wind power, nuclear power and clean coal technologies and articulates a roadmap for China regarding its climate commitments to 2050.

  4. Designing a gradual transition to a hydrogen economy in Spain

    Science.gov (United States)

    Brey, J. J.; Brey, R.; Carazo, A. F.; Contreras, I.; Hernández-Díaz, A. G.; Gallardo, V.

    The lack of sustainability of the current Spanish energy system makes it necessary to study the adoption of alternative energy models. One of these is what is known as the hydrogen economy. In this paper, we aim to plan, for the case of Spain, an initial phase for transition to this energy model making use of the potential offered by each Spanish region. Specifically, the target pursued is to satisfy at least 15% of energy demand for transport by 2010 through renewable sources. We plan to attain this target gradually, establishing intermediate stages consisting of supplying 5 and 10% of the energy demand for transport by 2006 and 2008, respectively. The results obtained allow us to determine, for each region, the hydrogen production and consumption, the renewable energy sources used to obtain hydrogen and the transport requirements between regions.

  5. Risk assessment of transitional economies by multivariate and multicriteria approaches

    Directory of Open Access Journals (Sweden)

    Tomić-Plazibat Neli

    2010-01-01

    Full Text Available This article assesses country-risk of sixteen Central, Baltic and South-East European transition countries, for 2005 and 2007, using multivariate cluster analysis. It was aided by the appropriate ANOVA (analysis of variance testing and the multicriteria PROMETHEE method. The combination of methods makes for more accurate and efficient country-risk assessment. Country risk classifications and ratings involve evaluating the performance of countries while considering their economic and socio-political characteristics. The purpose of the article is to classify, and then find the comparative position of each individual country in the group of analyzed countries, in order to find out to which extent development of market economy and democratic society has been achieved.

  6. Impact Assessment of Citizen Fairs in the Process of Transition from the Popular Economy to a Solidarity Economy

    OpenAIRE

    Ángel Enrique Zapata-Barros; Mikel Ugando-Peñate

    2017-01-01

    The law of popular and solidarity economy in Ecuador was created to promote the transition of organizational forms of popular solidarity economy towards forms of organization. This law made possible the development of projects aimed at strengthening solidarity economic practices. One of these projects are the citizens fairs, promoted since 2008 by the state (government ministry). The fairs are an associative marketing strategy is an alternative to price speculation and a viable path to the or...

  7. Transition to a green economy – a challenge and a solution for the world economy in multiple crisis context

    Directory of Open Access Journals (Sweden)

    Alina-Mihaela BABONEA

    2012-10-01

    Full Text Available The concept of "Green Economy" is heavily debated recently because it is considered to be essential for the future global economy. This concept aims to find practical solutions that can be applied in international affairs regarding the environment development as a result of the massive problems caused by multiple crises that are no longer solvable. However, the international community is looking for long-term alternatives to improve the quality of life and eliminate poverty population as much as possible.To make sustainable economic development requires a transition with multiple implications for both the government and the private sector. In other words, you need a joint effort between public and private, in order to separate economic growth from excessive use of resources; the main objective should be considered the quality of life along with reducing the environmental and social deficit.The transition to a "Green Economy" means practicing a certain type of economy based on policies and investment that should be able to create a connection between economic development, biodiversity, ecosystem, climate change, health and welfare on the medium and long term. These premises must be connected together to achieve sustainable development – which is considered the resumption of economic growth at global scale.Switching to "Green Economy" implies a proper concern based on adequate knowledge, research and innovation in order to create a framework for promoting sustainable development on long term. This study aims to generate an overview on the concept of "Green Economy", considered by some experts as the main solution to the problems that countries of the world are facing nowadays. It is well known that the economic system is situated in a collapse and requires a rethinking from all points of view. A solution to adapt the economy and its development to these new global challenges can be the transition to "Green Economy", especially by integrating the

  8. Encouraging the use of generic medicines: implications for transition economies.

    Science.gov (United States)

    King, Derek R; Kanavos, Panos

    2002-08-01

    Generic drugs have a key role to play in the efficient allocation of financial resources for pharmaceutical medicines. Policies implemented in the countries with a high rate of generic drug use, such as Canada, Denmark, Germany, the Netherlands, the United Kingdom, and the United States, are reviewed, with consideration of the market structures that facilitate strong competition. Savings in these countries are realized through increases in the volume of generic drugs used and the frequently significant differences in the price between generic medicines and branded originator medicines. Their policy tools include the mix of supply-side measures and demand-side measures that are relevant for generic promotion and higher generic use. On the supply-side, key policy measures include generic drug marketing regulation that facilitates market entry soon after patent expiration, reference pricing, the pricing of branded originator products, and the degree of price competition in pharmaceutical markets. On the demand-side, measures typically encompass influencing prescribing and dispensing patterns as well as introducing a co-payment structure for consumers/patients that takes into consideration the difference in cost between branded and generic medicines. Quality of generic medicines is a pre-condition for all other measures discussed to take effect. The paper concludes by offering a list of policy options for decision-makers in Central and Eastern European economies in transition.

  9. Green growth: Policies for transition towards low carbon economies

    Energy Technology Data Exchange (ETDEWEB)

    Moe, Thorvald

    2012-11-01

    For the next fifty years and beyond, the world faces twin challenges: -Enhancing economic opportunities and living standards for a growing global population; -Addressing the environmental threats that, if left largely unaddressed, could undermine our abilities for longer term economic growth and development and the ability to reduce poverty. For twenty years the world community has attempted to face up to these challenges, notably global warming by a 'top down' international negotiation process under the auspices of the UN Framework Convention on Climate Change (UNFCCC). The paper discusses why this process has failed so far. To get out of this impasse, a 'bottom up' policy framework for green growth based on national preferences, possibilities and policies should be considered and is discussed in some detail. However, while green growth may enhance the transition towards low-carbon economies in the short and medium term, it is argued that a 'Global Green Deal' with regional and global rules of the game is needed to reduce the risk for unsustainable development in the longer term.(auth)

  10. Deregulation - precondition for distributed energy in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, K.

    2001-01-01

    This paper holds that deregulation, i.e. restructuring, competition and privatisation, is the main precondition for a more pronounced development of distributed power (DP) in the economies in transition in central and eastern Europe. This, then, raises the question how far the electricity, gas, steam and heat generating industries have presently moved on their way towards more market-oriented frameworks, competition and private ownership. A good benchmark for measuring progress is the existence (or lack thereof), and nature, of regulatory regimes enabling fair competition among large centralised and small decentralised power, and between wholesale generators and distributors on the one hand and customers or ''autoproducers'' or power merchants on the other. The paper describes the regulatory models applied or contemplated in the winter 2000/2001 in the various countries of central and eastern Europe and identifies fifteen general issues that require attention and solution. With regard to DP, it concludes that a major upswing is unlikely to occur before 2005-2008. While technological options abound, the institutional frameworks for customer-owned competitive DP systems are only being contemplated at present and only rarely put in place.(author)

  11. Restructuring and regulating district heating and cogeneration in transition economies

    International Nuclear Information System (INIS)

    Brendow, Klaus

    2004-01-01

    In summer 2004, the World Energy Council published a Study on 'Regulating district heating and cogeneration in central and eastern Europe'2, prepared by representatives from eleven economies in transition and two Nordic countries. The Task Force analysed twelve regulatory issues, country-by-country, on all internationally comparable basis. Regulatory progress on the road to more efficient, profitable, competitive and service-oriented heat supplies was described. Common concerns were identified: the need for independence of the regulator from policy and industry, improved coordination between central and local regulators and between environmental and energy authorities, access to grids, and a 'fair' sharing of CHP benefits among heat and electricity generation. Looking forward, the Task Force advocated a continued dialogue between decision makers, regulators, regulated industries and customers on: 1)the internalisation of DH/CHP benefits; 2)the future reduction of the density of regulation; 3) Joint implementation; 4)the compensation for public service obligations; 5)the elimination of old debt and stranded investments; 6) DH/CHP taxation; 7)privatisation; 8)the integration of DH/CHP in urban planning. A concluding WEC workshop in Moscow in March 2004 addressed recommendations to policy makers('Moscow Statement'). (Author)

  12. ORIGINS OF FORMATION OF SOCIAL INNOVATION IN TRANSITION ECONOMY

    Directory of Open Access Journals (Sweden)

    Olha Bilskaya

    2015-11-01

    Full Text Available Purpose of the work is determination of the essence, source base and mechanism of formation of “social innovation” under the conditions of the transitional economy with a market mechanism for ensuring activity in the territory of countries, engaged in the development of a social state. Methodology. To solve this problem, a number of scientific methods was used, such as analysis and synthesis during the critical evaluation of approaches of domestic and foreign authors regarding the nature of “novation”, “developments” and “innovation”, system and structural in the design of the mechanism of cyclic renewal of the institutional content of the regulation system of social development, summarizing in justifying the conceptual terminological apparatus of social innovation, and in particular gradual clarification of the social innovation formulas, abstract and logic when making theoretical generalizations and forming conclusions. Results of the study lead to the need of introducing the term “social” in the scientific and practical use, as normalized inequality in the society to the limits that define the motivational aspects of work, and “innovation” as changes that are generated within the social and economic system. Social innovations were proposed to be interpreted as solutions that can change directly or indirectly selectively fixed institutions in different sectors of the national economy of the country at the appropriate stage of the socialization transformations with compulsory positivization of the social status of subjects of social and economic processes through constructs of mitigation of the revenue and income inequality. It has been proved that the source base of the social innovation is social traditions, which by virtue of multi-purpose certainty are associated with metamorphic feature and stochasticity of a set of proposals of social innovations and their destructive constructs. Practical implications

  13. INSTITUTIONS IN TRANSITION: IS THE EU INTEGRATION PROCESS RELEVANT FOR INWARD FDI IN TRANSITION EUROPEAN ECONOMIES?

    Directory of Open Access Journals (Sweden)

    Uros Delevic

    2017-02-01

    Full Text Available This research challenges the contemporary view of economic policy makers in transition European economies that the EU integration process will lead to a greater inflow of Foreign Direct Investments (FDI, thereby increasing living standards. With the Brexit referendum, the integration of the EU has been threatened by a distressing existential question: is EU membership valuable for transition countries if even developed countries (like the UK vote to leave or decided not to align like Switzerland and Norway in the past? Our analysis considers the success of several countries in Eastern Europe in attracting and benefiting from FDI on their way to EU membership. Analyzing a 13-year panel data of 16 transition countries, we found no statistically significant positive association between FDI inflow and EU accession. We argue, that it is also important to consider the welfare for domestic economies that can emerge from those investments. We illustrate this through the case study of a successful combination of institutional development and local content policies implementation accompanied by sufficient FDI inflows in a non-EU country - Kazakhstan.

  14. Malaysia Transitions toward a Knowledge-Based Economy

    Science.gov (United States)

    Mustapha, Ramlee; Abdullah, Abu

    2004-01-01

    The emergence of a knowledge-based economy (k-economy) has spawned a "new" notion of workplace literacy, changing the relationship between employers and employees. The traditional covenant where employees expect a stable or lifelong employment will no longer apply. The retention of employees will most probably be based on their skills…

  15. 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…

  16. MEASURING THE ECONOMIC PERFORMANCE OF TRANSITION ECONOMIES : SOME LESSONS FROM CHINESE EXPERIENCE

    NARCIS (Netherlands)

    Maddison, Angus

    This article quantifies the comparative performance of China in several dimensions. Firstly, it shows that China's move from a command to a market economy was less abrupt and more successful than that of 29 other economies making a similar transition. Secondly, while official estimates show annual

  17. 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

  18. Contrasting ERP absorption between transition and developed economies from Central and Eastern Europe (CEE)

    DEFF Research Database (Denmark)

    Bernroider, Edward W.N.; Sudzina, Frantisek; Pucihar, Andreja

    2011-01-01

    This article investigates Enterprise Resource Planning absorption in transition and developed economies in Central and Eastern Europe. Using absorptive capacity theory and data envelopment analysis, we view organizational transformation in Enterprise Resource Planning absorption as an economic...

  19. The Impact of Personal Relationships on Bribery Incidence in Transition Economies

    NARCIS (Netherlands)

    de Jong, Gjalt; Phan Anh Tu, [No Value; van Ees, Hans

    2015-01-01

    Prior work on corruption has largely overlooked personal relationships as an essential determinant of bribery incidence in transition economies. In these countries, relationships with public officials are instrumental in enabling transactions and lowering transaction costs, due to incoherent and

  20. FOREIGN DIRECT INVESTMENTS – AN ESSENTIAL FACTOR FOR ECONOMIC GROWTH IN TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    Carmen BOGHEAN

    2015-06-01

    Full Text Available The purpose of this analysis is to analyse the connection between foreign direct investments and economic growth in transition economies during a period of increased integration of financial systems in the global financial system. The research focuses on the relationship between foreign direct investments and economic growth during 1970-2013, by means of methods such as the graphic, the regression and the correlation ones. The research findings show that there is a direct and strong connection between the inward financial flows of foreign direct investments and the GDP during the period under analysis in transition economies. In transition economies, a high inward flow of foreign direct investments leads to an increase of the Gross Domestic Product per capita, while a positive development of the standard of living will attract new inward FDI flows, since transition economies are seen as attractive recipients/hosts for foreign direct investments.

  1. Informal payments for health care in transition economies.

    Science.gov (United States)

    Ensor, Tim

    2004-01-01

    There is considerable evidence that unofficial payments are deeply embedded in the markets for health care in transition countries. Numerous surveys indicate that these payments provide a significant but possibly distorting contribution to health care financing. Unofficial payments can be characterised into three groups: cost contributions, including supplies and salaries, misuse of market position and payments for additional services. There is evidence from across the region on the presence of payment in each category although it is often difficult to distinguish between payment types. Regulatory policy must address a number of issues. Imposing penalties may help to reduce some payments but if the system is simply unable to provide services, such sanctions will drive workers into the private sector. There appears to be some support for formalising payments in order to reduce unofficial charges although the impact must be monitored and the danger is that formal fees add to the burden of payment. Regulation might also attempt to increase the amount of competition, provide information on good performing facilities and develop the legal basis of patient rights. Ultimately, unless governments address the endemic nature of payments across all sectors, policy interventions are unlikely to be fully effective.

  2. State of the Art in Economics Education and Research in Transition Economies

    OpenAIRE

    Boris Pleskovic; Anders Åslund; William Bader; Robert Campbell

    2000-01-01

    The development of the institutional capacity to create and evaluate economic policies remains a critical need—and constraint—in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding in market-based economics. This requires strengthening economics education and providing support for quali...

  3. 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...

  4. MONETARY TRANSMISSION CHANNELS IN FLEXIBLE MONETARY AND EXCHANGE RATE REGIMES: THE CASE OF SELECTED TRANSITION ECONOMIES

    OpenAIRE

    JOSIFIDIS, Kosta; PUCAR, Emilija Beker; SUPIĆ, Novica

    2010-01-01

    The paper explores selected monetary transmission channels in the case of transition economies. Namely, an exchange rate channel, an interest rate channel, direct and indirect influence to an exchange rate, are focused. Specific (former) transition economies are differentiated according the combination of implemented monetary and exchange rate regimes: exchange rate as a nominal anchor and rigid exchange rate regimes, exchange rate as a nominal anchor and intermediate exchange rate regimes, a...

  5. THE ROLE OF CORPORATE GOVERNANCE IN TRANSITION ECONOMIES: CONTRIBUTION AND DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    OLIVERA GJORGIEVA-TRAJKOVSKA

    2016-10-01

    Full Text Available With more evident process of globalization of the world market, the concept of corporate governance gains importance. The global economic crisis highlighted the problems of corporate governance both in developed countries and developing economies. Analyzing the effects of the global economic crisis, including striking collapse of many companies, the huge increase in unemployment and the increased number of people living on the poverty line and below, it can be concluded that some of these problems are result of various weaknesses and failures of corporate governance. Even though the introduction of a number of rules, codes and practices of corporate governance have been made, the global economic crisis has shown that more effective application of the standards of corporate governance is necessary. Corporate governance issues are especially important in transition economies, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. Before 1989 there was no need to discuss corporate governance issues, because all enterprises were owned by the state and there were no shareholders. All that has changed. This paper discusses the importance of corporate governance, with special reference to transition economies. Directors, owners and corporate managers have started to realize that there are benefits that can accrue from having a good corporate governance structure. Good corporate governance helps to increase share price and makes it easier to obtain capital. International investors are hesitant to lend money or buy shares in a corporation that does not subscribe to good corporate governance principles. Transparency, independent directors and a separate audit committee are especially important.

  6. Inflation Targeting, Between Rhetoric and Reality. The Case of Transition Economies

    Directory of Open Access Journals (Sweden)

    Laurian Lungu

    2007-06-01

    Full Text Available The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes. However, the success of such a regime depends largely on the degree to which certain general requirements are met. As experience in a number of transition economies has shown so far, targeting inflation is not an easy task. The ongoing restructuring process in these economies makes the inflation forecasting process more difficult and introduces an additional source of uncertainty in the system. By unequivocally choosing inflation as a nominal anchor the central banks could face potential dilemmas if, for example, exchange rate appreciated too much under the pressure of massive capital inflows. The paper presents the broad framework in which inflation targeting could operate efficiently and attempts to assess the extent to which such a regime, when applied to transition economies, could fit into this framework

  7. Facilitating Innovations in Higher Education in Transition Economies

    Science.gov (United States)

    Saginova, Olga; Belyansky, Vladimir

    2008-01-01

    Purpose: The purpose of this paper is to analyse innovations in education from the point of view of product content and markets selected. Emerging market economies face a number of problems many of which are closely linked to and dependent upon the effectiveness of higher professional education. External environment changes, such as the formation…

  8. Partial Acquistion as an Entry Mode in Transition Economies

    DEFF Research Database (Denmark)

    Jakobsen, Kristian; Meyer, Klaus E.

    2007-01-01

    Multinational enterprises often acquire stakes in an existing enterprise when entering emerging economies. This paper examines the determinants of entry mode choices with a special focus on these partial acquisitions, which have received little attention in the scholarly literature. We show...... negotiations are subject to significant stakeholder interference. (For more information, please contact: Kristian Jakobsen, Copenhagen Business School, Denmark: kj.int@cbs.dk)...

  9. The Like economy: the social web in transition

    NARCIS (Netherlands)

    Gerlitz, C.; Helmond, A.

    2011-01-01

    Recently, Facebook founder Mark Zuckerberg claimed that the social will be the future organizing principle of economies. This paper will examine how platforms increasingly connect economic value and the social by focusing on the role of social buttons. Drawing on digital methods, we explore the

  10. The evolution of competition in banking in a transition economy: an application of the Panzar-Rosse model to Armenia

    Directory of Open Access Journals (Sweden)

    Armenuhi Mkrtchyan

    2005-06-01

    Full Text Available The structure of the banking industry typically undergoes fundamental changes during the transition to a market economy. This research employs the method suggested by Panzar and Rosse (1987 to evaluate the empirical evidence on the evolution of competitive structure in the Armenian banking industry during its recent transition and on the possible forces—market power or efficiency/contestability—that underlie that evolution. The results point to monopolistic competition.The reduction of bank numbers and the simultaneous increase in concentration is accompanied by a decline in competition intensity, which supports the market-power hypothesis

  11. Developing and Using Green Skills for the Transition to a Low Carbon Economy

    Science.gov (United States)

    Brown, Mike

    2015-01-01

    One of the strategies being advocated in response to climate change is the need to transition to a low carbon economy. Current projections show that within this transition, new jobs will be created, some eliminated and most others subjected to change. This article reports findings from interviews with a selection of twenty participants who are…

  12. The role of product designers in the transition towards the circular economy : A reality check

    NARCIS (Netherlands)

    Sumter, D.X.; Bakker, C.A.; Balkenende, A.R.; Bakker, C.; Mugge, R.

    2017-01-01

    This paper examines the role of product designers in the transition towards the circular economy. Both scientific and grey literature show remarkable optimism when it comes to role strategic and coordinating role designers could play in this transition process. However, there has been little

  13. Leading change: evidence-based transition.

    Science.gov (United States)

    Lewis, Brennan; Allen, Stephanie

    2015-01-01

    The purpose of this article was to provide a framework for evidence-based transition of patient populations within an acute care pediatric institution. Transition within a hospital is foreseeable, given the ever-changing needs of the patients within an evolving healthcare system. These changes include moving patient populations because of expansion, renovation, or cohorting similar patient diagnoses to provide care across a continuum. Over the past 1 to 2 years, Children's Health Children's Medical Center Dallas has experienced a wide variety of transition. To provide a smooth transition for patients and families into new care areas resulting in a healthy work environment for all team members. The planning phase for patient population moves, and transition should address key aspects to include physical location and care flow, supplies and equipment, staffing model and human resources (HR), education and orientation, change process and integrating teams, and family preparation. It is imperative to consider these aspects in order for transitions within a healthcare system to be successful. During a time of such transitions, the clinical nurse specialist (CNS) is a highly valuable team member offering a unique perspective and methodological approach, which is central to the new initiative's overall success. The themes addressed in this article on evidence-based transition are organized according to the CNS spheres of influence: system/organization, patient/family, and nursing. An evidence-based transition plan was developed and implemented successfully with the support from the CNS for 3 patient populations. Organizational leadership gained an increased awareness of the CNS role at the conclusion of each successful transition. The CNS plays a pivotal role as clinical experts and proponents of evidence-based practice and effects change in the system/organization, nursing, and patient/family spheres of influence. While transitions can be a source of stress for leaders

  14. Private sector participation in power sector in transition economies

    International Nuclear Information System (INIS)

    Purica, I.

    1996-01-01

    The paper deals with the problems related to the private participation in the infrastructure projects developed mainly in the transient economies. The comparatively larger risk volatility of this economies is counterbalanced by the expected high return rates of these projects. In these circumstances the paper presents the possibility to use the World Bank Group support for enhancing the private sector investments. After a description of the type of support able to be given, some examples are presented related to an energy project in Pakistan and to two others in China. There is also given a synthesis concerning the potential places in Romania were such projects may be achievable. (author). 1 fig., 3 tabs., 2 refs

  15. Transitions in Theory and Practice: Managing Metals in the Circular Economy

    Directory of Open Access Journals (Sweden)

    Melissa Jackson

    2014-07-01

    Full Text Available Transitioning from current resource management practice dominated by linear economic models of consumption and production, to circular models of resource use, will require insights into the stages and processes associated with socio-technical transitions. This paper is concerned with transitions in practice. It explores two frameworks within the transitions literature—the multi-level perspective and transition management theory—for practical guidance to inform a deliberate transition in practice. The critical futures literature is proposed as a source of tools and methods to be used in conjunction with the transition frameworks to influence and enable transitions in practice. This enhanced practical guidance for initiating action is applied to a specific context—transitioning the Australian metals sector towards a circular economy model. This particular transition case study is relevant because the vision of a circular economy model of resource management is gaining traction internationally, Australia is significant globally as a supplier of finite mineral resources and it will also be used in a collaborative research project on Wealth from Waste to investigate possibilities for the circular economy and metals recycling.

  16. 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.

  17. Geographies of energy transition: Space, place and the low-carbon economy

    International Nuclear Information System (INIS)

    Bridge, Gavin; Bouzarovski, Stefan; Bradshaw, Michael; Eyre, Nick

    2013-01-01

    This paper makes a case for examining energy transition as a geographical process, involving the reconfiguration of current patterns and scales of economic and social activity. The paper draws on a seminar series on the ‘Geographies of Energy Transition: security, climate, governance' hosted by the authors between 2009 and 2011, which initiated a dialogue between energy studies and the discipline of human geography. Focussing on the UK Government's policy for a low carbon transition, the paper provides a conceptual language with which to describe and assess the geographical implications of a transition towards low carbon energy. Six concepts are introduced and explained: location, landscape, territoriality, spatial differentiation, scaling, and spatial embeddedness. Examples illustrate how the geographies of a future low-carbon economy are not yet determined and that a range of divergent – and contending – potential geographical futures are in play. More attention to the spaces and places that transition to a low-carbon economy will produce can help better understand what living in a low-carbon economy will be like. It also provides a way to help evaluate the choices and pathways available. - Highlights: ► Examines transition as a geographical process, reconfiguring patterns and scales of activity. ► Provides concepts for assessing geographical implications of transition to a low-carbon economy. ► Outlines location, landscape, territoriality, uneven development, scaling, and embeddedness.

  18. Modeling the transition to a new economy: lessons from two technological revolutions

    OpenAIRE

    Andrew Atkeson; Patrick J. Kehoe

    2006-01-01

    Many view the period after the Second Industrial Revolution as a paradigmatic example of a transition to a new economy following a technological revolution and conjecture that this historical experience is useful for understanding other transitions, including that after the Information Technology Revolution. We build a model of diffusion and growth to study transitions. We quantify the learning process in our model using data on the life cycle of U.S. manufacturing plants. This model accounts...

  19. Dynamic International Competitiveness of Transition Economies: The Case of Poland

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller

    2003-01-01

    This paper shows that the reform on the structures of the Polish economy has had an impressively fast effect on the numbers of different products this country exports to Western countries. The time path may well be described by a logistic curve. The change in the exports of this country may...... therefore be characterised by a widening, instead of a deepening in specialisation. The paper introduces a new empirical methodology to evaluate the dynamic changes in export activities of a country. The result of this new methodology is that quality competition is becoming increasingly important for Poland...

  20. A MODEL OF CUSTOMER-ORIENTED COMMUNICATION AND ITS IMPLEMENTATION IN THE TRANSITION ECONOMIES

    OpenAIRE

    Maaja Vadi; Maive Suuroja

    2003-01-01

    The former Soviet Bloc countries are faced with the challenge of switching from a command economy to a free market oriented one. Coping with the turbulence of changes largely depends on whether the people involved wish and are able to break with their old attitudes and behaviour. Naturally, the attitudes, knowledge and skills related to the hitherto dominant rules of those societies will influence direct customer communication. In order to train salespeople in the transition economies, we con...

  1. Empirical study of the impact of corruption on entrepreneurship in transition economies

    OpenAIRE

    Duong, Phuong Thanh

    2015-01-01

    In this study, we attempt to understand the current level of corruption and the development of entrepreneurship in transition economies. Based on that knowledge, we strike to develop concrete empirical results revealing the impacts of corruption on entrepreneurship in these special economies. After that, recommendations to address the issues are proposed. In particular, we focus on promoting structural and institutional reforms emphasizing on the importance of the privatization process. Our i...

  2. 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

  3. Rol' tranzita v jekonomike Latvii [The role of transit in the economy of Latvia

    Directory of Open Access Journals (Sweden)

    Gžibovska Nataļja

    2013-01-01

    Full Text Available Transit is an important issue in the history of world economy, including the economy of Latvia. Transit makes a significant contribution to the budget of many transit countries, one of which is the Republic of Latvia. These countries do not have significant natural resources and prefer to focus on logistics and infrastructure in order to facilitate the transit process. This article focuses on the role of transit in the economy of Latvia, whose unique geographical position makes the country an effective transport corridor (bridge in both the west-east and north-south directions. The article presents the results of an opinion poll conducted at Latvian transit enterprises regarding their future development and offers an overview of the main seaports and the Rīga international airport. The author examines the issue of Russia’s accession to the World Trade Organization and its impact on the Latvian transit, the prolongation of EU sanctions against Belarus, and the use of Latvian transport infrastructure for handling the non-military cargo traffic to/from Afghanistan. In conclusion, a forecast of possible transit development in Latvia is provided.

  4. Foreign currency borrowing by small firms in the transition economies

    NARCIS (Netherlands)

    Brown, M.; Ongena, S.; Yesin, P.

    2011-01-01

    We examine the firm- and country-level determinants of foreign currency borrowing by small firms, using information on the most recent loan extended to 3101 firms in 25 transition countries between 2002 and 2005. Our results suggest that foreign currency borrowing is much stronger related to

  5. Politics in Transition Economies; Consequences of a Clan Culture

    NARCIS (Netherlands)

    Gërxhani, K.; Schram, A.J.H.C.

    2000-01-01

    We study the politico-economic interaction in a country in transition from a communist regime to a democratic, free market system, to wit, Albania. It is argued that the politico-economic system there is characterized by the existence of clans. Both the communists and the first democratically chosen

  6. The effects of privatization and ownership in transition economies

    Czech Academy of Sciences Publication Activity Database

    Estrin, S.; Hanousek, J.; Kočenda, Evžen; Švejnar, J.

    2009-01-01

    Roč. 47, č. 3 (2009), s. 699-728 ISSN 0022-0515 R&D Projects: GA MŠk LC542; GA ČR GA402/09/1595 Institutional research plan: CEZ:MSM0021620846 Keywords : privatization * transition * postcommunist countries * Europe * China Subject RIV: AH - Economics Impact factor: 6.919, year: 2009

  7. The effects of privatization and ownership in transition economies

    Czech Academy of Sciences Publication Activity Database

    Estrin, S.; Hanousek, Jan; Kočenda, E.; Švejnar, Jan

    2009-01-01

    Roč. 47, č. 3 (2009), s. 699-728 ISSN 0022-0515 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : privatization * transition * postcommunist countries * Europe * China Subject RIV: AH - Economics Impact factor: 6.919, year: 2009

  8. How energy technology innovation affects transition of coal resource-based economy in China

    International Nuclear Information System (INIS)

    Guo, Pibin; Wang, Ting; Li, Dan; Zhou, Xijun

    2016-01-01

    The aim of this research paper is to investigate factors and mechanisms that may facilitate the transition from coal resource-based economy to sustainability. Based on the energy technology innovation theory, factors that may influence the transition of coal resource-based economy were categorized into four types, including: innovation policy, innovation input, innovation ability, and innovation organization. Hypotheses were proposed regarding the mechanisms of these factors. Data were collected from surveys administered to 314 Chinese energy firms, and a structural equation model (SEM) was employed to test the hypotheses. Ten of fifteen hypotheses were retained based on the reliability tests, validity tests, and SEM. The results show that the four proposed factors are crucial in transforming the coal resource-based economy, and the effects become statistically significant through three intermediate variables, namely, transition of energy consumption structure, correction of resource wealth investment, and improvement of transition environment. - Highlights: •Approximately, 66% of energy relies on coal in China. •Serious environment problems have occurred in many coal-based regions. •Energy technology innovation can promote the transition of coal-based economy. •China should accelerate the development of clean energy.

  9. Corruption, shadow economy and income inequality: evidence from Asia

    OpenAIRE

    Kar, Saibal; Saha, Shrabani

    2012-01-01

    A number of recent studies for Latin America show that as the size of the informal economy grows, corruption is less harmful to inequality. We investigate if this relationship is equally compelling for developing countries in Asia where corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia to find that both 'Corruption Perception Index' and 'ICRG' index are sensitive to a number of important macroeconomic variables. We ...

  10. NATIONAL WEALTH ASSESSMENT AND UTILIZATION IN TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    J. Martinavičius

    2013-03-01

    Full Text Available The economy’s power and capacities could be measured using different methodologies and numerous macroindicators. The national wealth definition provides an opportunity to reveal not only accumulated resources, but also exposes a real potential of the country and the path for sustainable development. Wealth measurements for transition countries could show the long term development rationality, comparing national wealth structure and its components for different countries. The two methodologies – National Accounts System and World Bank Measuring of wealth, and the obtained comparison results are discussed in the paper.

  11. 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...

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

    Science.gov (United States)

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

    2017-04-01

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

  13. A Meta-Model of Inter-Organisational Cooperation for the Transition to a Circular Economy

    Directory of Open Access Journals (Sweden)

    Alessandro Ruggieri

    2016-11-01

    Full Text Available The transition to a circular economy bodes well for a future of environmentally sustainable growth and economic development. The implications and advantages of a shift to a circular economy have been extensively demonstrated by the literature on the subject. What has not been sufficiently investigated is how this paradigm can be enabled through the inter-organisational cooperation among different business enterprises. In order to illustrate this point, in this paper we aim to contribute to the circular economy debate by describing and discussing such a meta-model of inter-organisational cooperation. The present study is therefore based on the analysis of three cases from an equal number of industries, from which we identified factors of potential impact for the stimulation of cooperation in a circular economy perspective. Last, but not least, we discuss the relations between the case studies and try to formulate all possible implications for both managers and research.

  14. Determinants of Foreign Direct Investments in Transition Economies: Case of Commonwealth of Independent Countries

    Directory of Open Access Journals (Sweden)

    Sobir Shukurov

    2016-01-01

    Full Text Available While there has been voluminous research on the determinants of FDI for developed and developing countries, little has been done on this issue for transition economies, especially, for the Commonwealth of Independent States (CIS countries. the present paper examines the determinants of inward Foreign Direct Investment (FDI flows in the CIS during 1995–2010. the results of empirical analysis using panel data models, conducted with the purpose of identifying the factors that determine the motivation and decision of multinational companies (MNC to invest in CIS economies, show that regardless of the presence of high investment risk in transition economies, the choice of FDI location always depends on a preliminary analysis of countries’ advantages (FDI stock, market size, abundance in natural resources and disadvantages at macro level (fiscal imbalance and inflation. These pre‑existing conditions can always roughly predict the type of FDI (resource-seeking, market‑seeking, efficiency-seeking.

  15. Factors influencing job satisfaction in post-transition economies: the case of the Czech Republic.

    Science.gov (United States)

    Čábelková, Inna; Abrhám, Josef; Strielkowski, Wadim

    2015-01-01

    This paper presents an analysis of factors influencing job satisfaction in post-transition economies on the example of the Czech Republic. Our research shows that women reported higher levels of job satisfaction compared to men. Education proved to be statistically significant in one of three indicators of job satisfaction. Personal income and workplace relationships proved to be positively and significantly related to all the three indicators of job satisfaction. Most of the occupational dummies were significantly related to two out of three indicators of job satisfaction. In addition, we found that Czech entrepreneurs enjoy and value their job, which indicates strong self-selection for doing business in post-transition economies. However, human capital expressed by the level of education was significant factor for job satisfaction, meaning that well-educated people might not be satisfied with their jobs or feel that their education and experience are wasted in the market economy.

  16. The impact of transition on situation in Serbian economy

    Directory of Open Access Journals (Sweden)

    Popov Đorđe

    2013-01-01

    Full Text Available Serbia wants to become a member of the European union. To become a full member of the Union, Serbia must significantly improve the poor state of its economy. The paper deals with some flaw that were made in Serbia in the last decade, and that seriously slowing its ability for essential integration into the Union. The analysis is focused on four issues. First, analysis indicates that the Law on Privatization is poorly structured and even poorer implemented. The result is that the privatization process is not yet finished, and in the meantime, more than a third of privatization was canceled. In the second part is concentrated on to the bad consequences of the implementation of the Law on Privatization when it comes to the ownership of land. The wrong privatization in Serbia created respective individual possessions with 15-20000 of acres. This is completely contrary to the situation in the European Union with the domination of developed cooperative movement and family farms. The third part of the paper points out the problem of illicit capital outflow from Serbia. In relation to the national income, unfortunately, Serbia is in these field one of the leaders. Therefore are necessary emergency measures to prevent illicit outflow. When it comes to legislative activity it is noted that is more important the quality than the number of enacted laws. Future legislative activity should take into account the specificities of Serbia. Also, in order to achieve better economic results advantage should be given to the development policy, which is oriented toward the needs of Serbia.

  17. Transition management and the sustainable nutrients economy in the Netherlands: positioning paper

    NARCIS (Netherlands)

    Hoppe, Thomas; Arentsen, Maarten J.; Mikkila, M.; Linnanen, L.

    2012-01-01

    In this positioning paper transition management (TM) and the sustainable nutrient economy are addressed. We discuss TM from its scholarly origins in the 1990’s to its implementation as a comprehensive sector-wide policy program on sustainability in The Netherlands during the first decade of the

  18. Pursuing Innovation: Benchmarking Milwaukee's Transition to a Knowledge-Based Economy. Metro Milwaukee Innovation Index 2010

    Science.gov (United States)

    Million, Laura; Dickman, Anneliese; Henken, Rob

    2010-01-01

    While the Milwaukee region's economic base is rooted in its manufacturing history, many believe that the region's future prosperity will be tied to its ability to successfully transition its economy into one that is based on knowledge and innovation. Indeed, fostering innovation has become the call to action for business and political leaders…

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

    International Nuclear Information System (INIS)

    Henriques, Sofia Teives; Kander, Astrid

    2010-01-01

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

  20. ANALYSIS OF THE IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS BY COUNTRIES WITH ECONOMIES IN TRANSITION

    Directory of Open Access Journals (Sweden)

    B. Zasadnyi

    2013-08-01

    Full Text Available The article deals with experience of application of international financial reporting standards in different countries with economies in transition. The main advantages and disadvantages of the implementation of international financial reporting standards for financial reporting for Ukrainian companies are based on this experience.

  1. The evasional Kuznets curve: a possible shadow economy dynamics during the transition

    Czech Academy of Sciences Publication Activity Database

    Hanousek, Jan; Palda, F.

    2015-01-01

    Roč. 52, č. 1 (2015), s. 1-17 ISSN 1880-5647 R&D Projects: GA ČR(CZ) GA15-15927S Institutional support: PRVOUK-P23 Keywords : underground economy * tax evasion * transition Subject RIV: AH - Economics

  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. Transition towards a hydrogen economy: infrastructures and technical change

    International Nuclear Information System (INIS)

    Bento, Nuno

    2010-01-01

    The double constraint of climate change and increasing scarcity of oil requires that we consider alternative energies for the medium term. This thesis focuses on the development of a hydrogen economy, which is conditional on the existence of an infrastructure for the distribution of the new fuel and the readiness of fuel cells. The main idea is that the state can play a central role in both infrastructure implementation and preparation of fuel cells technology. The thesis begins with a techno-economic analysis of the hydrogen-energy chain, which highlights the difficulty of setting up the infrastructure. The study of the development of electricity and gas networks in the past provides the empirical basis supporting the hypothesis that government can play an important role to consolidate the diffusion of socio-technical networks. In addition, private projects of stations may be justified by early-move benefits, although their financial viability depends on the demand for hydrogen which is in turn dependent on the performance of the fuel cell vehicle. The introduction of radical innovations, such as fuel cell, has been made more difficult by the domination of conventional technologies. This assertion is particularly true in the transport sector which was progressively locked into fossil fuels by a process of technological and institutional co-evolution driven by increasing returns of scale. Hence, fuel cells may primarily diffuse through the accumulation of niches where the innovation is closer to commercialization. These niches may be located in portable applications segment. Investments in research and demonstration are still necessary in order to reduce costs and increase performances of fuel cells. Using a simple model of multi-technological diffusion, we analyze the competition between the hydrogen fuel cell vehicle and the plug-in hybrid car for the automotive market. We show that an early entry of the latter may block the arrival of hydrogen in the market

  4. Financing energy investments in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, C.

    1997-01-01

    This report is the part concerning Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) of the World Energy Council (WEC) Programme - a global study of the financing requirements of future energy developments. The investment needs are determined to reach the standards of developed energy market economies in terms of quality of service, efficiency, profitability, environmental protection and safety. Considering the macro-economic and general energy development scenarios done by IIASA and WEC the cumulative investment requirements 1990-2020 would be to range from $281bill. to $509 bill. in CEE; annual investment requirements would amount to $15-28 bill. depending on the scenarios; specific investment requirements per ton energy would range from 77 (ecologically driven scenario) to $101 (high growth, coal based scenario). In 1994 international finance for CEE/CIS energy sector was only $5 bill. (or 5% of the needs) due to the small size of the projects, low energy prices and the lack of incentives. CEE/CIS countries have not done enough to attract foreign loans. Western energy corporations acquired shares of Russian oil and gas companies. Reasons for the slow start include currency risk, legal uncertainty, uncertain demand prospects, low electricity tariffs, required rate of returns - above 18% in CEE, 25% in CIS, compared to 10% in US and UK. About 9% of total world foreign direct investments have been entered in energy sector. Multilateral organizations have invested yearly average $0.8-1 bill. grants and credits in CEE/CIS energy activities. From 1991 to 1995 135 mill. ECU have been spent for supporting national energy sector in CEE countries under PHARE activities. Difficulties are due to the lack of developed capital markets in these countries. In the future CEE capital markets could support a substantial proportion of the national investment requirements. By 2020 capital requirements for energy supply investments would be 3.4-4.7% of

  5. Improving Evidence on Private Giving in Emerging Economies ...

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

    ... gaps on amounts and sources. There is also a lack of research on regulations and policies that support or discourage private giving. This research project will explore philanthropic cooperation in emerging and developing country contexts by quantifying financial flows from emerging economies to developing countries.

  6. Motivations for enterprise system adoption in transition economies: insights from Poland

    Science.gov (United States)

    Soja, Piotr; Weistroffer, Heinz Roland

    2016-06-01

    Enterprise system (ES) adoption can bring many benefits, but may also put tremendous strain on an organisation or business, sometimes with disastrous outcomes. The specific motivations and expectations that lead to ES adoption may impact the success or failure of these endeavours, and understanding these motivations may be useful in predicting the success of ES projects. Most of the published research on ES adoption motivation has been in the context of highly developed countries. The social, cultural, economic and political conditions in developing, emerging and transition economies make for a different business environment, and insights obtained from developed countries may not always transfer to these settings. This study seeks to identify and help understand the motivations for ES adoption specifically in transition economies, as these economies play a significant role in the global market, but have not been receiving adequate research attention. Drawing on the experience of 129 ES adopters in Poland, a transition economy, this study categorises motivations into coherent groups of issues and evaluates the influence of discovered motivations on ES adoption success. Further, motivations revealed by this study are compared with motivations reported by prior research conducted in developed countries.

  7. 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.

  8. Dollarization in transition economies: new evidence from Georgia

    Czech Academy of Sciences Publication Activity Database

    Aslanidi, Olga

    -, č. 366 (2008), s. 1-31 ISSN 1211-3298 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : dollarization * Georgia * money-in-utility-function Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp366.pdf

  9. Equity Block Transfers in Transition Economies : Evidence from Poland

    NARCIS (Netherlands)

    Trojanowski, G.

    2002-01-01

    This Paper investigates valuation effects of share block transfers and employs agency theory to explain the determinants of block premia. A sample of transactions from Poland is used to measure benefits and costs of ownership concentration. Block premia are found to be substantially lower than in

  10. Evidence of nutrition transition in Southern Africa.

    Science.gov (United States)

    Nnyepi, Maria S; Gwisai, Namo; Lekgoa, Malebogo; Seru, Tumelo

    2015-11-01

    Nutrition transition is characterised by shift to highly refined diets high in fat, salt and caloric sweeteners and low in fibre in rapidly growing economies. Dietary shifts occur almost concurrently with demographic and epidemiologic shifts, urbanisation and industrialisation and together contribute to increased prevalence of nutrition related (NR)-non-communicable disease (NCR). The emergence of nutrition transition in Southern Africa countries (SAC) was examined using anthropometric, NCD prevalence, and food consumption data. The findings reveal growing prevalence of overweight and obesity (OWOB) across SAC, with national prevalence estimated between 30 and 60 % in all but two SAC. Overweight prevalence in excess of 60 % has been reported in some sub-population groups. Hypertension prevalence of at least 30 % has also been reported. Further, the prevalence of OWOB and hypertension in many SAC exceeds that of HIV and is often at par with stunting in children. NCD are equally serious public health problems as stunting and HIV. Collectively, NR-NCD explain 20-31 % of mortality for Botswana, South Africa, Swaziland, Mozambique and Zambia. At least 72 % of adults in SAC have fewer servings of fruit and vegetable servings daily than recommended. Additionally, adults in SAC do poorly in physical activity; 31-75 % do not exercise regularly. Not surprisingly, 15-40 % of adults in SAC have at least three risk factors of CVD. SAC are grappling with NR-NCD which threaten to surpass infectious diseases burden. SAC are at various levels in interventions for moving their populations to stage 5, but there is room for much improvement.

  11. Economic System and Transition Mode : A Comparative Research on Transition Economies

    OpenAIRE

    Yang, Liu

    2014-01-01

    This passage mainly deals with the problem of why different transition countries have different transition mode and different economic performance. According to this research, it has been found that the economic system of the traditional socialist countries played an important role in their process of reform and transition. The socialist countries with their different economic systems had determined the economic performance, the space, as well as the environment of the transition. All of this...

  12. 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.

  13. Institutional Change and Governance Indexes in Transition Economies: the case of Poland

    Directory of Open Access Journals (Sweden)

    Pasquale Tridico

    2006-12-01

    Full Text Available In the former communist countries, institutional change, i.e. transition towards market economy, is affected not only by introduction of law and formal institutions (change "by design", but also by social norms, old values and habits (informal institutions. I present an empirical paper focusing on transition of the Polish Economy. I used a questionnaire which was administered to a sample of about 1000 Polish firms in order to verify the impact of economic institutions on the "residual productivity". Throughout the questionnaire I built six governance indexes. Then I tested the impact of the governance indexes on the productivity of firms. I observed that the economic performance of the eastern regions of Poland, where governance indexes are worse than western, are poorer than that of the western regions of Poland

  14. The impact of the budget deficit on the currency and inflation in the transition economies

    OpenAIRE

    Petraq Milo

    2012-01-01

    This article investigates the causal linkage between budget deficit, monetary mass and inflation in the transition economies. It is focused on the impact of public expenditures growth on money supply growth, and it does not take in account the amount of budget deficit. We test the new hypothesis that inflation is primarily attributable to public finances imbalances. In our model, the money supply growth is function of budget deficit and GDP growth rate; and inflation is a function of money su...

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

    OpenAIRE

    Besnik Fetai; Selajdin Abduli

    2014-01-01

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

  16. A THEORETICAL APPROACH TO THE TRANSITION FROM A RESOURCE BASED TO A KNOWLEDGE-ECONOMY

    Directory of Open Access Journals (Sweden)

    Diana GIOACASI

    2015-09-01

    Full Text Available Economic development and the emergence of new technologies have changed the optics on the factors that are generating added value. The transition from a resource-dependent economy to one focused on tangible non-financial factors has progressed in a gradual manner and took place under the influence of globalization and of the internet boom. The aim of this article is to provide a theoretical approach to this phenomenon from the perspective of the temporal evolution of enterprise resources.

  17. Multimarket contact and performance: Evidence from emerging economies

    Directory of Open Access Journals (Sweden)

    Beatriz Domínguez

    2016-10-01

    Full Text Available The organizational structure of multinational enterprises (MNEs is mainly made up of subsidiaries located in emerging and advanced countries. Consequently, they usually compete against the same rivals simultaneously in both emerging and advanced contexts. Multimarket contact (MMC theory analyzes the competitive dynamics that arise in these situations. However, researchers have paid more attention to the consequences of multimarket contact in developed countries than to its effect in emerging countries. To explore the impact of the macroenvironment on the relationship between MMC and performance, we examine how coinciding with multimarket rivals in emerging economies alters the effect of MMC on firm performance. Our research, which is developed with a sample from the mobile telecommunications industry, shows that the presence of MNEs in emerging countries hinders the development of mutual forbearance practices and, therefore, reduces the positive effect of MMC on firm performance.

  18. Innovation investment decisions: are post(transition economies different from the rest of the EU?

    Directory of Open Access Journals (Sweden)

    Ljiljana BOZIĆ

    2017-12-01

    Full Text Available The slow progress of innovation in transition economies is not related just to firms’ decision to invest in innovation activities. Rather, it is worth distinguishing between their decision to increase investment, reduce it, keep their investments at the same level or not invest in innovation activities at all. To understand these decisions we develop and estimate models for post-transition and developed European countries employing multinomial probit. The analysis relies on responses of 2580 firms from 11 post-transition countries and 4058 firms from 18 European countries collected by the Flash Eurobarometer 433 - Innobarometer 2016 survey. We have established that the firms’ decision making process in general is mostly related to previous innovation investment experience. In transition countries, the higher the percent of turnover invested in innovation, the lower the probability of an increase in the future. In the firms operating in developed economies, lower turnover from new products is related to the decision to decrease innovation investment in the future.

  19. Effects of a transition to a hydrogen economy on employment in the United States Report to Congress

    Energy Technology Data Exchange (ETDEWEB)

    None, None

    2008-07-01

    DOE's Effects of a Transition to a Hydrogen Economy on Employment in the United States Report to Congress estimates the employment effects of a transformation of the U.S. economy to the use of hydrogen in the 2020 to 2050 timeframe. This report fulfills requirements of section 1820 of the Energy Policy Act of 2005.

  20. [Ecological misunderstanding, integrative approach, and potential industries in circular economy transition].

    Science.gov (United States)

    Wang, Rusong

    2005-12-01

    Based on the Social-Economic-Natural Complex Ecosystem theory, this paper questioned 8 kinds of misunderstandings in current planning, incubation, development, and management of circular economy, which had led to either ultra-right or ultra-left actions in ecological and economic development. Rather than concentrated only on the 3-r micro-principles of "reduce-reuse-recycle", thise paper suggested 3-R macro-principles of "Rethinking-Reform-Refunction" for circular economy development. Nine kinds of eco-integrative strategies in industrial transition were put forward, i.e., food web-based horizontal/parallel coupling, life cycle-oriented vertical/serial coupling, functional service rather than products-oriented production, flexible and adaptive structure, ecosystem-based regional coupling, social integrity, comprehensive capacity building, employment enhancement, and respecting human dignity. Ten promising potential eco-industries in China's near-future circular economy development were proposed, such as the transition of traditional chemical fertilizer and pesticide industry to a new kind of industrial complex for agro-ecosystem management.

  1. Family Businesses Transitioning to a Circular Economy Model: The Case of “Mercadona”

    Directory of Open Access Journals (Sweden)

    Pedro Núñez-Cacho

    2018-02-01

    Full Text Available Sustainability addresses environmental and social issues affecting this and future generations. When family businesses perceive that the community is disrupted, recognize an environmental problem and respond by implementing new environmental policies or regulations, the family business’s socio-emotional values press to transition to a more sustainable production system, such as the ‘Circular Economy.’ Drawing on the Dubin (1978 methodology—a paradigm for building models through deduction—we design a sustainable model, which shows family businesses’ responses to changes in the environment. It explains the reasons why family firms transition to the Circular Economy, based on the theory of Socio-Emotional Wealth (SEW. We check the model through the case study of the food retail leader in the Spanish market—Mercadona—which applies policies about energy, resources and waste to become a Circular Economy business model. Because of the strong family character of Mercadona, this case can be useful for the decision-making of other family businesses.

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

    OpenAIRE

    Narasimha Rao Vajjhala; Salu George Thandekkattu

    2017-01-01

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

  3. Growing like mushrooms? Sectoral evidence from four large European economies

    NARCIS (Netherlands)

    Castaldi, C.; Sapio, S.

    This paper follows a stream of literature on the empirics of sectoral growth rates, originated by Castaldi and Dosi (Income levels and income growth. Some new cross-country evidence and some interpretative puzzles. LEM Working Paper 2004-18, Sant’Anna School of Advanced Studies, Pisa, Italy, 2004)

  4. Growing like mushrooms? Sectoral evidence from four large European economies

    NARCIS (Netherlands)

    Castaldi, C.; Sapio, S.

    2008-01-01

    This paper follows a stream of literature on the empirics of sectoral growth rates, originated by Castaldi and Dosi (Income levels and income growth. Some new cross-country evidence and some interpretative puzzles. LEM Working Paper 2004-18, Sant’Anna School of Advanced Studies, Pisa, Italy, 2004)

  5. Zone 1 retinopathy of prematurity in a transitional economy: a cautionary note.

    Science.gov (United States)

    Carden, Susan M; Lan, Luu Ngoc; Huynh, Tess

    2006-06-01

    To describe three low risk infants in whom severe retinopathy of prematurity developed. A prospective, observational case series. setting: National Hospital of Pediatrics, Hanoi, Vietnam. study population: Premature infants in the neonatal ward. observation procedure: Eye examinations. Severe retinopathy of prematurity occurred in three infants. All had zone 1 disease and other unusually severe findings, such as neovascularization of the disk. These infants would not be at risk for the development of such severe retinopathy of prematurity in countries with a developed economy. Unusual characteristics of retinopathy of prematurity may be occurring in countries with transitional economies. Screening programs should be implemented and should take into consideration the possibility that retinopathy of prematurity may occur in infants who fall outside the screening guidelines that are used in the developed world.

  6. Modeling inflation uncertainty in transition economies: The case of Russia and the former Soviet Republics

    Directory of Open Access Journals (Sweden)

    Erkam Serkan

    2008-01-01

    Full Text Available This study investigates the linkage between inflation and inflation uncertainty in seven transitional economies (Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Ukraine which experienced hyper-inflation until the mid-1990s. This linkage is investigated in the ARCH modeling framework by using both conventional Granger noncausality testing and the Holmes-Hutton approach, which has significant small- and large-sample power advantages over the former. The results support the Friedman- Ball hypothesis in Azerbaijan, the Russian Federation and the Ukraine. The Cukierman-Meltzer hypothesis is favored in the Kyrgyz Republic and in the Russian Federation using a different model. In Azerbaijan, greater inflation uncertainty preceded lower rates of inflation, indicative of the strong monetary stabilization policies pursued in this economy.

  7. THE IMPACT OF ENTREPRENEURIAL CHARACTERISTICS ON BRIBERY INCIDENCE IN TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    Phan Anh Tu

    2012-01-01

    Full Text Available Entrepreneurs in Asian economies face many difficulties in starting up and running their businesses. Relationships with government officials help to, e.g., mobilise resources and cope with the constraints imposed by bureaucratic structures. In this context, bribery can be regarded as an investment that entrepreneurs need to make in order to operate successfully in an institutionally weak transition economy. However, not all entrepreneurs pay a bribe. In this paper the relationship between demographic characteristic and bribery incidence has been investigated. This relationship was estimated using unique data derived from a survey of 606 Vietnamese entrepreneurs. The author controlled for various organisational and industrial characteristics. The exploratory results show that in particular well-educated entrepreneurs are more inclined to bribe than others.

  8. Simulations of the Fuel Economy and Emissions of Hybrid Transit Buses over Planned Local Routes

    Energy Technology Data Exchange (ETDEWEB)

    Gao, Zhiming [ORNL; LaClair, Tim J [ORNL; Daw, C Stuart [ORNL; Smith, David E [ORNL; Franzese, Oscar [ORNL

    2014-01-01

    We present simulated fuel economy and emissions city transit buses powered by conventional diesel engines and diesel-hybrid electric powertrains of varying size. Six representative city drive cycles were included in the study. In addition, we included previously published aftertreatment device models for control of CO, HC, NOx, and particulate matter (PM) emissions. Our results reveal that bus hybridization can significantly enhance fuel economy by reducing engine idling time, reducing demands for accessory loads, exploiting regenerative braking, and shifting engine operation to speeds and loads with higher fuel efficiency. Increased hybridization also tends to monotonically reduce engine-out emissions, but trends in the tailpipe (post-aftertreatment) emissions involve more complex interactions that significantly depend on motor size and drive cycle details.

  9. Effects of a Transition to a Hydrogen Economy on Employment in the United States

    International Nuclear Information System (INIS)

    Tolley, George S.; Jones, Donald W.; Mintz, Marianne M.; Smith, Barton A.; Carlson, Eric; Unnasch, Stefan; Lawrence, Michael; Chmelynski, Harry

    2008-01-01

    The U.S. Department of Energy report, Effects of a Transition to a Hydrogen Economy on Employment in the United States Report to Congress, estimates the effects on employment of a U.S. economy transformation to hydrogen between 2020 and 2050. The report includes study results on employment impacts from hydrogen market expansion in the transportation, stationary, and portable power sectors and highlights possible skill and education needs. This study is in response to Section 1820 of the Energy Policy Act of 2005 (Public Law 109-58) (EPACT). Section 1820, 'Overall Employment in a Hydrogen Economy', requires the Secretary of Energy to carry out a study of the effects of a transition to a hydrogen economy on several employment (types) in the United States. As required by Section 1820, the present report considers: (1) Replacement effects of new goods and services; (2) International competition; (3) Workforce training requirements; (4) Multiple possible fuel cycles, including usage of raw materials; (5) Rates of market penetration of technologies; (6) Regional variations based on geography; and (7) Specific recommendations of the study Both the Administration's National Energy Policy and the Department's Strategic Plan call for reducing U.S. reliance on imported oil and reducing greenhouse gas emissions. The National Energy Policy also acknowledges the need to increase energy supplies and use more energy-efficient technologies and practices. President Bush proposed in his January 2003 State of the Union Address to advance research on hydrogen so that it has the potential to play a major role in America's future energy system. Consistent with these aims, EPACT 2005 authorizes a research, development, and demonstration program for hydrogen and fuel cell technology. Projected results for the national employment impacts, projections of the job creation and job replacement underlying the total employment changes, training implications, regional employment impacts and the

  10. Impacts on the biophysical economy and environment of a transition to 100% renewable electricity in Australia

    International Nuclear Information System (INIS)

    Turner, Graham M.; Elliston, Ben; Diesendorf, Mark

    2013-01-01

    We investigate the impacts on the biophysical economy, employment and environment of a transition scenario to an energy-efficient, 100% renewable electricity (RE) system by 2060, based on wind, solar and biomass technologies, and an introduction of electric vehicles. We employ a CSIRO process-based model of the physical activity of Australia’s economy and environmental resources, the Australian Stocks and Flows Framework. The RE systems are assumed to be manufactured in Australia to identify possible employment benefits. In comparison with the business-as-usual (BAU) scenario, on a national scale, the RE scenario has much lower economy-wide net emissions, remaining below contemporary levels and becoming zero in the electricity sector by 2060. Compared with BAU, the RE scenario also has significantly lower industrial water use, somewhat higher materials use, slightly lower unemployment, lower net foreign debt (relative to a GDP proxy) and, resulting from the growth in electric vehicles, reduced oil imports. The GDP per capita growth, based on the physical stocks of capital and labour, is virtually the same in both scenarios. Hence, from the viewpoint of the biophysical economy, there are no major barriers to implementing policies to facilitate the transition to a 100% renewable electricity system for Australia. - Highlights: ► Simulation of a 100% renewable electricity (RE) system in a process-based model. ► The RE scenario achieves zero GHG emissions in the electricity sector by 2060. ► Consumption of secondary materials is higher and more variable in the RE scenario. ► The RE scenario has lower water use, unemployment, foreign debt and oil imports

  11. Effects of a Transition to a Hydrogen Economy on Employment in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Tolley, George S.; Jones, Donald W. Mintz, Marianne M.; Smith, Barton A.; Carlson, Eric; Unnasch, Stefan; Lawrence, Michael; Chmelynski, Harry

    2008-07-01

    The U.S. Department of Energy report, Effects of a Transition to a Hydrogen Economy on Employment in the United States Report to Congress, estimates the effects on employment of a U.S. economy transformation to hydrogen between 2020 and 2050. The report includes study results on employment impacts from hydrogen market expansion in the transportation, stationary, and portable power sectors and highlights possible skill and education needs. This study is in response to Section 1820 of the Energy Policy Act of 2005 (Public Law 109-58) (EPACT). Section 1820, “Overall Employment in a Hydrogen Economy,” requires the Secretary of Energy to carry out a study of the effects of a transition to a hydrogen economy on several employment [types] in the United States. As required by Section 1820, the present report considers: • Replacement effects of new goods and services • International competition • Workforce training requirements • Multiple possible fuel cycles, including usage of raw materials • Rates of market penetration of technologies • Regional variations based on geography • Specific recommendations of the study Both the Administration’s National Energy Policy and the Department’s Strategic Plan call for reducing U.S. reliance on imported oil and reducing greenhouse gas emissions. The National Energy Policy also acknowledges the need to increase energy supplies and use more energy-efficient technologies and practices. President Bush proposed in his January 2003 State of the Union Address to advance research on hydrogen so that it has the potential to play a major role in America’s future energy system. Consistent with these aims, EPACT 2005 authorizes a research, development, and demonstration program for hydrogen and fuel cell technology. Projected results for the national employment impacts, projections of the job creation and job replacement underlying the total employment changes, training implications, regional employment impacts and the

  12. Do entrepreneurial food systems innovations impact rural economies and health? Evidence and gaps.

    Science.gov (United States)

    Sitaker, Marilyn; Kolodinsky, Jane; Jilcott Pitts, Stephanie B; Seguin, Rebecca A

    A potential solution for weakened rural economies is the development of local food systems, which include affordable foods sources for consumers and economically feasible structures for producers. Local food systems are purported to promote sustainability, improve local economies, increase access to healthy foods, and improve the local diets. Four entrepreneurial food systems innovations that support local economies include farmers' markets, community supported agriculture, farm to institution programs and food hubs. We review current literature to determine whether innovations for aggregation, processing, distribution and marketing in local food systems: 1) enable producers to make a living; 2) improve local economies; 3) provide local residents with greater access to affordable, healthy food; and 4) contribute to greater consumption of healthy food among residents. While there is some evidence for each, more transdisciplinary research is needed to determine whether entrepreneurial food systems innovations provide economic and public health benefits.

  13. MONETARY TRANSMISSION CHANNELS IN FLEXIBLE MONETARY AND EXCHANGE RATE REGIMES: THE CASE OF SELECTED TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    Kosta JOSIFIDIS

    2010-01-01

    Full Text Available The paper explores selected monetary transmission channels in the case of transition economies. Namely, an exchange rate channel, an interest rate channel, direct and indirect influence to an exchange rate, are focused. Specific (former transition economies are differentiated according the combination of implemented monetary and exchange rate regimes: exchange rate as a nominal anchor and rigid exchange rate regimes, exchange rate as a nominal anchor and intermediate exchange rate regimes, and implicit/explicit inflation targeting monetary regime and floating (managed/free exchange rate regime. The monetary transmission is tracked during different phases in a transition process towards the EU and compared between different nominal anchors and exchange rate regimes. In order to track the influence of a monetary policy instruments (impulses to different goals of a monetary policy (responses during the period from 6-24 months, we use VAR and VEC models. Monthly frequency of following time series are used in the models: nominal exchange rates, consumer price indexes, foreign exchange reserves, and reference interest rates. The aim of the paper is to point to the distinction between de jure and de facto exchange rate regimes, and to the adequacy of used combination of monetary and exchange rate regimes having in mind revealed features of investigated monetary transmission channels.

  14. Performance Metrics in Supply Chain Management. Evidence from Romanian Economy

    Directory of Open Access Journals (Sweden)

    Alexandru Constăngioară

    2013-02-01

    Full Text Available The proposed empirical research uses a national sample of 19 Romanian companies from various industries to estimate de utilities for financial and non-financial performance measures used in Romanian supply chains. Empirical findings show that national supply chain measurement systems are balanced, using both financial and non-financial performance measures. The high estimated utility corresponding to indicators measuring logistic costs provides evidence that inter-functional and inter-organization integration in supply chains at national level are realized through operational excellence. Achieving the full potential of supply chain integration requires that management fosters both integration of operations and integration of customers.

  15. Examining short-term nutritional status among BaAka foragers in transitional economies.

    Science.gov (United States)

    Remis, Melissa J; Jost Robinson, Carolyn A

    2014-07-01

    Foragers in transitioning economies are at an increased risk of negative health outcomes as they undergo changes in subsistence patterns and diet. Here, we provide anthropometric data and examine the nutrition and health of adult BaAka foragers in relationship to declining wildlife and economic change in the Dzanga Sangha Protected Areas (APDS), Central African Republic. From June to August 2012, we collected biological data and dietary recall surveys from individuals in Mossapoula (MS) and Yandoumbé (YDBE) villages using standard anthropometric techniques and a single capillary blood finger prick. In our analysis, we identified variation in anthropometric measurements and hemoglobin levels by village (MS = 66, YDBE = 75) and gender (64 men, 77 women). Immigration, increased gun hunting and wildlife trades have reduced forager reliance on forest resources. These changes are evidenced in the marginal health of contemporary BaAka foragers of APDS. Although anthropometric measures of nutritional status do not significantly differ between communities, hemoglobin data highlight inequities in access to forest products between villages with different proximity to community hunting zones. Further, poor dietary diversity and low frequency of purchased foods in the diet indicate that the transition to a market economy has not been fully realized and diets are impoverished. Economic changes appear to have had the most impact at MS village, where forest use is most restricted and consumption of meat and forest products was reduced. This work highlights the nutritional and health needs of foragers in rapidly transitioning economies; especially those impacted by conservation management and zoning policies. © 2014 Wiley Periodicals, Inc.

  16. Climate change and sustainable energy: actions and transition to a lower carbon economy

    International Nuclear Information System (INIS)

    Rosen, M.A.

    2009-01-01

    'Full text:' This presentation will address climate change and transition to a lower carbon economy in general and the importance of sustainable energy in such initiatives. The talk has two main parts. In the first part, the presenter discuss why non-fossil fuel energy options, which are diverse and range from renewables through to nuclear energy, are needed to help humanity combat climate change and transition to a lower carbon economy. Such energy options reduce or eliminate emissions of greenhouse gases and thus often form the basis of sustainable energy solutions. Nonetheless, carbon dioxide capture and sequestration may allow fossil fuels to be less carbon emitting. Sustainable energy options are not sufficient for avoiding climate change, in that they are not necessarily readily utilizable in their natural forms. Hydrogen energy systems are needed to facilitate the use of non-fossil fuels by allowing them to be converted to two main classes of energy carriers: hydrogen and select hydrogen-derived fuels and electricity. As hydrogen is not an energy resource, but rather is an energy carrier that must be produced, it complements non-fossil energy sources, which often need to be converted into more convenient forms. In addition, high efficiency is needed to allow the greatest benefits to be attained from all energy options, including non-fossil fuel ones, in terms of climate change and other factors. Efficiency improvements efforts have many dimensions, including energy conservation, improved energy management, fuel substitution, better matching of energy carriers and energy demands, and more efficiency utilization of both energy quantity and quality. The latter two concepts are best considered via the use of exergy analysis, an advanced thermodynamic tool. In the second part of the presentation, actions to address climate change more generally and to help society transition to a lower carbon economy are described. The role of sustainable energy in this

  17. Agricultural technologies and carbon emissions: evidence from Jordanian economy.

    Science.gov (United States)

    Ismael, Mohanad; Srouji, Fathi; Boutabba, Mohamed Amine

    2018-04-01

    Theoretically, agriculture can be the victim and the cause of climate change. Using annual data for the period of 1970-2014, this study examines the interaction between agriculture technology factors and the environment in terms of carbon emissions in Jordan. The results provide evidence for unidirectional causality running from machinery, subsidies, and other transfers, rural access to an improved water source and fertilizers to carbon emissions. The results also reveal the existence of bidirectional causality between the real income and carbon emissions. The variance error decompositions highlight the importance of subsidies and machinery in explaining carbon emissions. They also show that fertilizers, the crop and livestock production, the land under cereal production, the water access, the agricultural value added, and the real income have an increasing effect on carbon emissions over the forecast period. These results are important so that policy-makers can build up strategies and take in considerations the indicators in order to reduce carbon emissions in Jordan.

  18. Will small energy consumers be faster in transition? Evidence from the early shift from coal to oil in Latin America

    International Nuclear Information System (INIS)

    Rubio, M.d.Mar; Folchi, Mauricio

    2012-01-01

    This paper provide evidence of the early transition from coal to oil for 20 Latin American countries over the first half of the 20th century, which does not fit the transition experiences of large energy consumers. These small energy consumers had earlier and faster transitions than leading nations. We also provide evidence for alternative sequences (inverse, revertible) in the transition from coal to oil. Furthermore, we demonstrate that ‘leapfrogging’ allowed a set of follower economies to reach the next rung of the energy ladder (oil domination) 30 years in advance of the most developed economies. We examine these follower economies, where transition took place earlier and faster than the cases historically known, in order to understand variation within the energy transitions and to expand the array of feasible pathways of future energy transitions. We find that being a small energy consumer makes a difference for the way the energy transition takes place; but also path dependence (including trade and technological partnerships), domestic energy endowment (which dictates relative prices) and policy decisions seem to be the variables that shaped past energy transitions. - Highlights: ► We provide evidence of the early transition from coal to oil for 20 Latin American. ► We find that being a small energy consumer makes a difference for the way the energy transition takes place. ► Followers had earlier and faster transitions than leading nations. ► ‘Leapfrogging’ allowed extremely fast energy transitions. ► Alternative forms (revertible, inverse) of energy transition also exist.

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

    International Nuclear Information System (INIS)

    Phung, D.L.

    1987-05-01

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

  20. 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.

  1. How Can Economies in Transition Pursue Emissions Trading or Joint Implementation?

    International Nuclear Information System (INIS)

    Missfeldt, F.; Villavicenco, A.

    2002-07-01

    Under the 1997 Kyoto Protocol, economies in transition are eligible for both emissions trading (Article 17) and joint implementation (Article 6). Guiding rules for implementing these mechanisms were decided through the Marrakech Accords in November 2001. These countries may benefit substantially from those mechanisms if they are implemented appropriately. However, with the departure of the USA from the Kyoto Protocol, the likely revenues from international emissions trading for the economies in transition are likely to be limited at least during the first commitment period. A key criterion on whether countries should undertake emissions trading is the comparison of projections of emissions until 2012 with the target under the Kyoto Protocol. For joint implementation, the investment climate and the emission reductions potential of a specific project are more important. Countries that are bound by the Kyoto Protocol need to implement a clear institutional structure, which includes a JI office or a position solely in charge of JI. Even if a country decides not to engage in JI, such an office could help guide possible foreign investors

  2. Emissions trading in transition economies: the link between international and domestic policy

    International Nuclear Information System (INIS)

    Evans, M.

    2003-01-01

    International emissions trading has the potential to significantly lower carbon mitigation costs and to promote environmentally friendly investment in transition economies. The design of domestic systems to complement international emissions trading will likely play a major role in emissions trading's effectiveness. This paper examines the benefits and challenges of proposed domestic systems and the related flows of emissions trading revenue in seller nations. The overwhelming majority of emissions available for sale will come from transition economies, which is why this article considers these countries as a group. Governments in countries such as Russia and Poland are interested in the potentially significant revenue they would reap from emissions trading, and some in those governments feel the money would best be used as general revenue for the government. Others argue that emissions trading should involve the private sector and other emitters in order to provide maximum incentives to reduce emissions and generate additional emissions trading revenue (the rules for international emissions trading explicitly allow this). Still others feel that special carbon mitigation funds would allow the government to maintain control yet stimulate additional emission reductions. Each policy contains its own set of challenges: stimulating further emission reductions, credibly monitoring emissions and emission reductions, or applying adequate fiscal accounting to the money flows

  3. Managing family businesses in the tourism and hospitality industry: the transitional economy of Poland

    Directory of Open Access Journals (Sweden)

    Dallas Brozik

    2007-05-01

    Full Text Available This study’s objective is to examine the nature of tourism and hospitality family businesses that operate in the transitional Polish economy and to analyze the environment for development and growth of these entrepreneurial firms in the reformingeconomy. In order to evaluate and compare firms’ development relative to selected external environmental factors affecting entrepreneurial operations, on-site surveys and personal interviews were conducted with Polish entrepreneurs who own and operate family businesses within tourism and hospitality industry. Theenvironmental conditions are grouped into four external nvironmental factors: political and legal environment, financial environment, non-financial environment, and socio-economic environment, and analyzed based on Kazanjian’s (1988 and Gnyawali and Fogel’s models (1994. The paper also analyzes the competencies ofthe owners of the entrepreneurial firms that are important for the firm’s success throughout the firm’s life cycle. Based on this study results, policy implications are made for assisting the tourism and hospitality firms’ growth and development in transitional economy

  4. Maximizing efficiency in the transition to a coal-based economy

    International Nuclear Information System (INIS)

    Brathwaite, J.; Horst, S.; Iacobucci, J.

    2010-01-01

    Energy is the lynchpin of modern society. Since the early 1970s, growing dependence on foreign energy sources, oil in particular, has constrained US independence in foreign policy, and at times, inhibited economic stability and growth. Addressing oil dependence is politically and economically complex. Proposed solutions are multifaceted with various objectives such as energy efficiency and resource substitution. One solution is the partial transition from an oil- to coal-based economy. A number of facts support this solution including vast coal reserves in the US and the relative price stability of coal. However, several roadblocks exist. These include uncertain recoverable reserves and the immaturity of 'clean' coal technologies. This paper provides a first order analysis of the most efficient use of coal assuming the transition from oil to coal is desirable. Scenario analysis indicates two possible transition pathways: (1) bring the transportation sector onto the electric grid and (2) use coal-to-liquid fuels to directly power vehicles. The feasibility of each pathway is examined based on economic and environmental factors, among which are energy availability, affordability and efficiency, and environmental sustainability. Results indicate that partial transition of the transportation sector onto the electric grid offers the more viable solution for coal-based reduction of the US oil dependence.

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

    OpenAIRE

    Pal, Soubarna

    2008-01-01

    Using annual data for India for the period 1984-2003 and employing parametric technique (GMM), the present paper jointly determines GDP growth, real exchange rate and net foreign assets in Indian economy. There is evidence that public investment exerts a significant influence on real exchange rate and the growth rate and does so non-linearly. A comparison of the Indian estimates with those available for the UK and the USA economies is also revealing and highlights the role of governance on th...

  6. 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.

  7. Physical growth in a transitional economy: the aftermath of South African apartheid.

    Science.gov (United States)

    Cameron, Noël

    2003-01-01

    The economic transition in developing countries is not always the result of the change from a centrally-planned to a free-market economy, but may be found within an already existing free-market economy as a result of profound political change, as in South Africa. The release of Nelson Mandela in February 1990 heralded an end both to the political system of apartheid and to the concomitant social, political, and economic disenfranchisement of 30 million non-White people in South Africa. The first freely elected non-White government came to power in 1994 and initiated a number of social and economic reforms aimed at alleviating the worst consequences of apartheid. This paper examines the effect of post-apartheid economic and social transition on the growth and development of urban children. Over 4000 children born in Soweto and Johannesburg were enrolled in the Birth to Ten (BTT) birth-cohort study in 1990. Whilst these children were born with lower birth weights than in developed countries, they did grow strongly in infancy, particularly in weight, to reflect normal reference values for body mass index (BMI) by 1 year of age. While post-apartheid social and economic changes were expected to take some time to affect child growth and development, the rate of change has been slower than expected. Data from the BTT study demonstrate that the growth of White children continues to be superior to that of their non-White peers and differences that existed at birth and during infancy have not diminished during childhood and early adolescence. Whatever factors are changed at the national or community levels during economic (and social) transition in South Africa appear not yet to have resulted in improved child physical growth.

  8. A Footprint Family extended MRIO model to support Europe's transition to a One Planet Economy.

    Science.gov (United States)

    Galli, Alessandro; Weinzettel, Jan; Cranston, Gemma; Ercin, Ertug

    2013-09-01

    Currently, the European economy is using nearly three times the ecological assets that are locally available. This situation cannot be sustained indefinitely. Tools are needed that can help reverse the unsustainable trend. In 2010, an EC funded One Planet Economy Network: Europe (OPEN:EU) project was launched to develop the evidence and innovative practical tools that will allow policy-makers and civil society to identify policy interventions to transform Europe into a One Planet Economy, by 2050. Building on the premise that no indicator alone is able to comprehensively monitor (progress towards) sustainability, the project has drawn on the Ecological, Carbon and Water Footprints to define a Footprint Family suite of indicators, to track human pressure on the planet. An environmentally-extended multi-regional input-output (MRIO) model has then been developed to group the Footprint Family under a common framework and combine the indicators in the family with national economic accounts and trade statistics. Although unable to monitor the full spectrum of human pressures, once grouped within the MRIO model, the Footprint Family is able to assess the appropriation of ecological assets, GHG emissions as well as freshwater consumption and pollution associated with consumption of specific products and services within a specified country. Using MRIO models within the context of Footprint analyses also enables the Footprint Family to take into account full production chains with technologies specific to country of origin. Copyright © 2012 Elsevier B.V. All rights reserved.

  9. ANALYSIS OF BUSINESS ENVIRONMENT USING THE MULTI-CRITERIA APPROACH – CASE OF BALKAN’S TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    Saša Obradović

    2012-02-01

    Full Text Available Due to the lack of their own financial resources, attracting the foreign direct investment (FDI isthe main prerequisite for transitional economies in order to increase production and employment, sothat they can ensure the long term sustainable economic growth. In addition, the foreign directinvestment is an important instrument for the economy restructuring, based on market principles.However, achieving this goal is not simple at all. In order to attract foreign investors, it is necessaryto create a favorable business environment in transition countries, which requires a number ofeconomic, institutional, political and other reforms. The aim of this paper is to point out the mainfactors attracting foreign direct investment and, by using the multi-criteria approach, to rank theBalkan’s transition economies depending on the preferences of investors taking into account certaincomponents of the business environment.

  10. Waste to energy opportunities and challenges for developing and transition economies

    CERN Document Server

    2012-01-01

    Solid waste management is currently a major issue worldwide with numerous areas reaching critical levels. Many developing countries and countries in transition still miss basic waste management  infrastructure and awareness. It is here that many of the solid waste management problems and challenges are currently being faced. As such, waste-to-energy (WTE) consists of a proven and continuously developing spectrum and range of technologies in a number of (mostly) developed countries. However, it’s integration in developing countries and systems in transition is often faced with scepticism and a complex set of barriers which are quite unique and differ greatly from those where WTE has been validated and applied over the years. Waste-to-Energy: Opportunities and Challenges for Developing and Transition Economies will address this issue both theoretically and using concrete examples, including: ·         contributions from numerous scholars and practitioners in the field, ·         useful less...

  11. Are there limits to growth? The need for a transition to a solar-based economy

    International Nuclear Information System (INIS)

    Lovejoy, D.

    1996-01-01

    The idea of limits to growth has, understandably, achieved notoriety since the days of Malthus and, more recently, the Club of Rome. However, there must be some limits to the ability of the earth to sustain a growing population. Fortunately, population models suggest that the world's population will probably level out at about two to three times the present numbers over the next hundred years. The question is whether the earth's resources are sufficient to sustain that population at a high standard of living for all. In this the key issue is energy. It is clear that present trends in energy consumption, especially oil, cannot be sustained much longer. Regardless of this, however, prudence demands a drastic reduction in fossil fuel consumption, in view of the possibility of global warming. It can be shown that, combined with greatly improved energy efficiency, a transition to a solar (renewable) energy based economy, capable of sustaining the anticipated growth in the world economy, is possible, but the constraints are extremely tight. (author). 10 refs

  12. UNO contribution to attract energy investments in transition economy countries in cooperation with international organizations, banks, and the business community

    International Nuclear Information System (INIS)

    Groza, L.

    1996-01-01

    Limited financial resources hamper the ability of transition economy countries to take advantage of recent technological progress in energy production, distribution, and consumption. Increased cooperation within and outside the UN system imposed new approaches and action programs to identify financing channels in view of implementing the economic development projects. Since the CNE'94 round table discussions on the role of the UN Economic Commission for Europe in energy cooperation for sustainable development and assistance for transition economy countries, new actions initiated by UN are supported by international organizations, banks, and the business community. The paper is based on recent UN documents, data, and information after six years of reforms. (author). 14 refs

  13. Energy pricing policy in economies in transition (EIT) - economic and social impact case of Poland

    International Nuclear Information System (INIS)

    Krawczynski, F.

    1996-01-01

    The economic and social impact of the energy policy and pricing in countries with economies in transition is shown on the Polish example. Detailed changes in industrial production, growth of investments in Poland are shown for the period 1990-1996 with annual inflation rate unemployment data. This is followed by expected growth of investments and inflation for the period 1993-2000. In the framework of primary energy consumption structure in 1994 and prospect for 2000 two possible scenarios of gas consumption by households, industry and for power generation, are presented up to 2010. Gas prices for the mentioned consumers in Poland are compared to those in Western Europe and environmental impacts are mentioned as well

  14. Public Governance and Economic Growth in the Transitional Economies of the European Union

    Directory of Open Access Journals (Sweden)

    Yilmaz BAYAR

    2016-06-01

    Full Text Available According to new growth theories, public governance is an important determinant for sustained economic growth. This study examines the impact of six public governance indicators, including voice and accountability, political stability and the absence of violence/terrorism, government effectiveness, regulatory quality, rule of law and control of corruption, on the economic growth in the transitional economies of the European Union during the 2002-2013 period. The results show that all governance indicators except regulatory quality had a statistically significant positive impact on economic growth. Our findings also indicate that control of corruption and rule of law had the largest impact on economic growth, while political stability had the lowest impact.

  15. Does Nature of Financial Institutions Matter to Firm Growth in Transition Economies?

    Directory of Open Access Journals (Sweden)

    Abubakr SAEED

    2009-05-01

    Full Text Available Drawing on firm-level data set on transition economies, this paper investigates the relationship between financial institutions and firm growth. The paper focuses in perspective of growth, how the impact of various sources of external finance varies across firm size. Primarily, it is shown a differential impact of institutions on firm growth, precisely, in terms of employment and sale, growth augments by equity market, local banks, foreign banks, state-owned banks, trade credit and leasing, while informal lending abates growth. In particular, the results suggest that local banks and trade credit improve sale growth of small and medium firms, while these financial institutions are insignificant for large firms. By contrast, state owned banks and informal institutions constrain employment growth of small firms. It is confirmed that irrespective of firm size lease financing exerts statistically significant positive impact on firm growth. Moreover, financial system differences across the regions play vital role in firm growth-finance relationship.

  16. Comparison of methodological approaches to identify economic activity regularities in transition economy

    Directory of Open Access Journals (Sweden)

    Jitka Poměnková

    2011-01-01

    Full Text Available Presented paper focuses on consideration and evaluation of methodical approaches to analyze cyclical structure character of economic activity in transition economy. As a starting point, work in time domain is applied, which is followed in frequency domain approach. Both approaches are viewed from methodical as well as application point of view and their advantage and disadvantage are discussed. Consequently, time-frequency domain approach is added and applied on real data. On the basis of obtained results recommendation is formulated. All discussed methodical approaches are also considered from the perspective of capability to evaluate behaving of business cycle in time of global economic crisis before/after year 2008. The empirical part of the paper deals with data of gross domestic product in the Czech Republic in 1996/Q1–2010/Q2.

  17. Workers’ participation in a former labour-managed economy: The case of Serbian transition

    Directory of Open Access Journals (Sweden)

    Cerović Božidar

    2015-01-01

    Full Text Available It is well known that Serbia - along with the other Southeast European successor states of former Yugoslavia - emerged from a country recognized for its specific labour-managed institutional arrangement. The paper recalls the main premises of the literature on the labour-managed firm and the theoretical contributions on participatory forms of management that seem most relevant to a transition economy like Serbia’s. It proceeds to analyze the main changes that occurred in Serbia during transition to a market economy, illustrating some of its specific features and how privatization led to the conversion of workers self-management into property rights. In order to analyze the role of employees in decisionmaking, and more generally their current position in privatized and newly established private firms, a survey was undertaken in 2013 based on a questionnaire for managers in 69 Serbian firms. The survey suggests that internal relations in enterprises are relatively undeveloped, particularly regarding the distribution of responsibilities in decision making at various organisational levels, hampering the efficient fulfilment of firms’ objectives. It appears that decision-making processes are usually designed in such a way as to give an excessive role to the owner as the exclusive decision-maker. The position of workers seems to be particularly poor regarding their rights to be informed, to make proposals, and/or to participate in decision-making in general. Moreover, even traditional workers’ rights are neglected (unionization, collective bargaining etc.. The survey also suggests that in those firms with a more active role of workers, there is a higher degree of workers’ satisfaction and loyalty to the firm.

  18. Purchasing power parity theory in three East Asian economies: New evidence

    OpenAIRE

    Ahmad, Mahyudin; Marwan, Nur Fakhzan

    2012-01-01

    To an otherwise extensive literature with yet mixed findings on the long run Purchasing Power Parity (PPP) theory, this paper extends the evidence against the PPP hypothesis in three East Asian economies namely Indonesia, Malaysia, and Thailand based on quarterly data spanning forty years (1968:Q1-2008:Q1). The testing of PPP hypothesis in this study employs two methods namely Engle-Granger procedure and Johansen multivariate cointegration method.

  19. Capital productivity in industrialised economies: Evidence from error-correction model and lagrange multiplier tests

    Directory of Open Access Journals (Sweden)

    Trofimov Ivan D.

    2017-01-01

    Full Text Available The paper re-examines the “stylized facts” of the balanced growth in developed economies, looking specifically at capital productivity variable. The economic data is obtained from European Commission AMECO database, spanning 1961-2014 period. For a sample of 22 OECD economies, the paper applies univariate LM unit root tests with one or two structural breaks, and estimates error-correction and linear trend models with breaks. It is shown that diverse statistical patterns were present across economies and overall mixed evidence is provided as to the stability of capital productivity and balanced growth in general. Specifically, both upward and downward trends in capital productivity were present, while in several economies mean reversion and random walk patterns were observed. The data and results were largely in line with major theoretical explanations pertaining to capital productivity. With regard to determinants of the capital productivity movements, the structure of capital stock and the prices of capital goods were likely most salient.

  20. Electricity tariff design for transition economies. Application to the Libyan power system

    Energy Technology Data Exchange (ETDEWEB)

    Reneses, Javier; Gomez, Tomas; Rivier, Juan [Universidad Pontificia Comillas, Madrid (Spain); Angarita, Jorge L. [Europraxis Operations, Madrid (Spain)

    2011-01-15

    This paper presents a general electricity tariff design methodology, especially applicable for transition economies. These countries are trying to modernize their power systems from a centralized environment (with normally, a public vertically integrated electric company) to a liberalized framework (unbundling electricity companies and, eventually, starting a privatization process). Two issues arise as crucial to achieving a successful transition: (1) ensuring cost recovery for all future unbundled activities (generation, transmission, distribution and retailing), and (2) sending the right price signals to electricity customers, avoiding cross-subsidies between customer categories. The design of electricity tariffs plays a pivotal role in achieving both objectives. This paper proposes a new tariff design methodology that, complying with these two aforementioned criteria, requires a low amount of information regarding system data and customer load profiles. This is important since, typically, volume and quality of data are poor in those countries. The presented methodology is applied to computing tariffs for the Libyan power system in 2006, using real data. (author)

  1. POWER-SHIFTS IN THE GLOBAL ECONOMY. TRANSITION TOWARDS A MULTIPOLAR WORLD ORDER

    Directory of Open Access Journals (Sweden)

    Ion IGNAT

    2013-12-01

    Full Text Available The paper aims to analyze the new realities and trends related to the new polarity of the global economy, and thus the reconfiguration of global power centers, a process characterized by two simultaneous trends: the rise of new powers and the relative decline of traditional powers. At the beginning of 21st century, global power is suffering two major changes: on the one hand it manifests a transition from West to East, from Atlantic to the Asia-Pacific, and on the other hand, a diffusion from state to non-state actors. Current global economic power has a multipolar distribution, shared between the United States, European Union, Japan and BRICs, with no balance of power between these poles, opposed by the strong ambition of rising countries, China especially, China that rivals the traditional powers represented by the developed countries. The evolution of the main macroeconomic indicators given by the most important global organizations, shows a gradual transition towards a multipolar world. Therefore, the United States is and will remain for a long period of time the global economic leader. However, as China, India and Brazil are growing rapidly, and Russia is looking for lost status, the world is becoming multipolar.

  2. Transition towards a low carbon economy: A computable general equilibrium analysis for Poland

    International Nuclear Information System (INIS)

    Böhringer, Christoph; Rutherford, Thomas F.

    2013-01-01

    In the transition to sustainable economic structures the European Union assumes a leading role with its climate and energy package which sets ambitious greenhouse gas emission reduction targets by 2020. Among EU Member States, Poland with its heavy energy system reliance on coal is particularly worried on the pending trade-offs between emission regulation and economic growth. In our computable general equilibrium analysis of the EU climate and energy package we show that economic adjustment cost for Poland hinge crucially on restrictions to where-flexibility of emission abatement, revenue recycling, and technological options in the power system. We conclude that more comprehensive flexibility provisions at the EU level and a diligent policy implementation at the national level could achieve the transition towards a low carbon economy at little cost thereby broadening societal support. - Highlights: ► Economic impact assessment of the EU climate and energy package for Poland. ► Sensitivity analysis on where-flexibility, revenue recycling and technology choice. ► Application of a hybrid bottom-up, top-down CGE model

  3. The role of coal consumption in the economic growth of the Polish economy in transition

    International Nuclear Information System (INIS)

    Gurgul, Henryk; Lach, Lukasz

    2011-01-01

    The main goal of this paper is an analysis of the causal links between quarterly coal consumption in the Polish economy and GDP. For the sake of accurate computation an additional variable - employment - was also taken into account. Computations conducted for the period Q1 2000 to Q4 2009 by means of recent causality techniques confirmed the neutrality of hard coal usage with respect to economic growth. On the other hand, calculations for the pairs lignite-GDP and total coal consumption-GDP showed the existence of a significant nonlinear causality from coal usage to economic growth. This is clear evidence for claiming that lignite plays an important role in the economic growth of the Polish economy. Furthermore, each coal-related variable was found to have a nonlinear causal impact on employment. Because of the relatively short length of available time series we additionally applied bootstrap critical values. The empirical results computed by both methods did not exhibit significant differences. These results have important policy implications. In general, our findings support the hypothesis that closing hard coal mines in Poland should have no significant repercussions on economic growth. However, this does not seem to be true for lignite mines. - Research highlights: → The reduction of hard coal consumption should not hamper economic growth in Poland. → Lignite consumption is an important factor determining economic growth in Poland. → The usage of lignite and hard coal has a causal impact on employment in Poland.

  4. Evidence-Based Secondary Transition Practices for Enhancing School Completion

    Science.gov (United States)

    Test, David W.; Fowler, Catherine H.; White, James; Richter, Sharon; Walker, Allison

    2009-01-01

    Approximately 28% of students with disabilities do not complete high school (National Longitudinal Transition Study-2, 2005). This increases the likelihood that these students will experience low wages, high rates of incarceration, and limited access to postsecondary education. This article reviews evidence-based secondary transition practices…

  5. Transition economy and happiness - the Czech Republic compared with the Netherlands in the 1990-2004 period

    NARCIS (Netherlands)

    Ophem, van J.A.C.; Kohout, V.; Heijman, W.J.M.

    2016-01-01

    The paper deals with the subject Transition economy and happiness - a case study of the Czech Republic in a comparison with The Netherlands in the 1990-2004 period. The paper addresses the following two questions: 1. How has the level of happiness changed since 199 0 in the Czech Republic and in The

  6. Transitional Forces in a Resource Based Economy: Phases of Economic and Institutional Development in Hawaii

    DEFF Research Database (Denmark)

    Kaiser, Brooks; Roumasset, James

    2014-01-01

    We illuminate several important aspects of the nature and causes of growth and institutional change. To do this, we focus on the role resource pressures have played in the historic development of Hawaii’s institutions. We discuss the Hawaiian story in the context of the natural co-evolution of pr......We illuminate several important aspects of the nature and causes of growth and institutional change. To do this, we focus on the role resource pressures have played in the historic development of Hawaii’s institutions. We discuss the Hawaiian story in the context of the natural co...... that funds management and governance through a non-productive elite class. We use both archeological and historical evidence from natural resource use during the settlement and modernization of the Hawaiian economy. Hawaii’s resources are first controlled by hierarchy, which intensifies over time...

  7. Essays on Commodity Prices and Macroeconomic Performance of Developing and Resources Rich Economies: Evidence from Kazakhstan

    Science.gov (United States)

    Bilgin, Ferhat I.

    My dissertation consists of three essays in empirical macroeconomics. The objective of this research is to use rigorous time-series econometric analysis to investigate the impact of commodity prices on macroeconomic performance of a small, developing and resource-rich country, which is in the process of transition from a purely command and control economy to a market oriented one. Essay 1 studies the relationship between Kazakhstan's GDP, total government expenditure, real effective exchange rate and the world oil price. Specifically, I use the cointegrated vector autoregression (CVAR) and error correction modeling (ECM) approach to identify the long and short-run relations that may exist among these macroeconomic variables. I found a long-run relationship for Kazakhstan's GDP, which depends on government spending and the oil price positively, and on the real effective exchange rate negatively. In the short run, the growth rate of GDP depends on the growth rates of the oil price, investment and the magnitude of the deviation from the long-run equilibrium. Essay 2 studies the inflation process in Kazakhstan based on the analysis of price formation in the following sectors: monetary, external, labor and goods and services. The modeling is conducted from two different perspectives: the first is the monetary model of inflation framework and the second is the mark-up modeling framework. Encompassing test results show that the mark-up model performs better than the monetary model in explaining inflation in Kazakhstan. According to the mark-up inflation model, in the long run, the price level is positively related to unit labor costs, import prices and government administered prices as well the world oil prices. In the short run, the inflation is positively influenced by the previous quarter's inflation, the contemporaneous changes in the government administered prices, oil prices and by the changes of contemporaneous and lagged unit labor costs, and negatively affected

  8. Energy use, efficiency gains and emission abatement in transitional industrialised economies. Poland and the Baltic states

    Energy Technology Data Exchange (ETDEWEB)

    Salay, Juergen

    1999-05-01

    This thesis is a study of how energy use and air pollution in Poland, Estonia, Latvia and Lithuania have been affected by the economic transition after 1989. It consists of six articles, which examine three different aspects of these changes. The first group of articles analyses the structure of energy use in the Baltic states (Article 1) and Poland (Articles 2 and 3) at the outset of transition. The results show that these countries had a primary energy consumption per GDP which was two to three times higher than in developed market economics because of a more energy intensive structure of the economy and higher specific energy intensities in many sectors of the economy. They also had significantly higher levels of air pollution per primary energy consumption and GDP because of a heavy reliance on fossil fuels, an energy intensive economy and an ineffective control of emissions. The deep fall in energy consumption during the first phase of transition was due to a sharp drop in industrial output and higher fuel prices. In the Baltic states, part of the fall in energy consumption was the result of shortfalls in the supply of oil and gas from Russia. The second group of articles (Articles 4 and 5) examines changes in electricity production, fuel consumption, generation efficiency and sulphur dioxide (SO{sub 2}) emissions in the Polish power industry between 1988 and 1997. The results show that SO{sub 2} emissions dropped by 45 per cent between 1988 and 1997. The drop in emissions was partly the result of a fall in economic activity and electricity production in the early 1990s. Other reasons were more important. One reason was the restructuring of the power industry, during which hard budget constraints were introduced and the price of coal was raised. Another reason for the fall in emissions was the reorganisation and stricter enforcement of environmental protection. Together, these reforms created strong incentives for power plants to switch to high-quality coal

  9. Co-Producing a Vision and Approach for the Transition towards a Circular Economy: Perspectives from Government Partners

    Directory of Open Access Journals (Sweden)

    Anne P. M. Velenturf

    2018-05-01

    Full Text Available The United Kingdom’s (UK economy is overly reliant on unsustainable production and consumption practices that deplete finite resources at rates that will increase production costs, business risk, and economic instability; it also produces emissions and waste that cause climate change and environmental degradation, impacting on well-being in the UK and beyond. The Resource Recovery from Waste programme (RRfW promotes a transition towards waste and resource management in a circular economy that restores the environment, creates societal benefits, and promotes clean growth by engaging relevant actors in academia, government, and industry to co-produce a shared vision and approach that will realise such a transition. Sharing the RRfW’s government engagement results, this article presents a positive outlook for changing the UK economy and society through waste and resource management practices that maximise the values of materials by circulating them in the economy for as long as possible. Key themes, regulatory instruments, a stable policy framework, and an approach for effective academic–government collaboration are proposed. Comparing the results to government plans in four UK nations shows great differences in progress towards realising a circular economy. The article concludes with recommendations to capitalise on opportunities for growth, innovation, and resilient infrastructure whilst contributing to quality jobs and welfare throughout the UK.

  10. Financing energy investments world-wide and in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, K.

    1998-01-01

    The necessity of mobilizing the finance under given circumstances is pointed out. The energy sector investments needs correspond to only 3-4% of world GDP or 6-7% of world capital formation. In most developing countries mobilizing financing is a issue, where the risk/return ratio of a given energy investment project does not compare favourably with competing projects and if their handicap is not compensating for by public financing or government guarantees. Compared to the other regions, the energy systems of the economies in transition absorb a high proportion of domestic capital. This is due to past and continuing supply-oriented energy policies and inefficiencies and the export orientation of the energy-rich countries, and to limited domestic capital markets. As a result only a estimated 9-13% of long-term investment 'needs' is presently financed. The root of the problem is slow progress in the reform of energy and capital markets at a time government withdraw from financing and guaranteeing energy investments. Recommendations include transition to sustainable energy strategies ; the liberalization of energy prices and tariffs; the phasing out of subsides and cross-subsides; the stabilization of tax and depreciation regimes; neutrality with regard of the various forms of ownership; reliable law enforcement; non-discrimination of foreign investors, shareholders, competitors; the ratification of the Energy Charter Treaty; and generally, institutional and regulatory frameworks that address market imperfections. Regarding domestic capital markets the goal is to increase traded volume, reduce volatility, and avoid discrimination and favour international integration

  11. 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)

  12. Panel discussion: Building Canadian companies and capabilities in the transition to the hydrogen economy

    International Nuclear Information System (INIS)

    Beck, N.

    2004-01-01

    'Full text:' Moderated by Nick Beck from Natural Resources Canada, this panel discussion will be prefaced by a keynote address by Dr. Arthur Carty, Canada's National Science Advisor and former President of the National Research Council of Canada, who will discuss technology commercialization in Canada and how the Government of Canada and industry collaborate to achieve their respective priorities. This session will illustrate innovative government and industry partnerships from early research and development to project demonstration, and adoption into the market-place. Panelists from across the Canadian hydrogen and fuel cell innovation spectrum will provide an overview of their respective company's partnerships with the Government of Canada and speak to how these alliances have helped their company to pioneer new technology, move technology from the lab to the marketplace, and/or become more competitive. Opportunities and challenges that companies have faced in their partnerships with government will be shared with the audience. The Panel Members are: Mr. Stephen Kukucha, Mr. Chris Reid, Mr. Robb Thompson, Mr. Pierre Rivard, Mr. John Shen, Mr. R. Randall MacEwen, Mr. Jonathan Wilkinson. Companies will also be showcasing their contribution in advancing Canada's and the world's transition to the hydrogen economy. (author)

  13. Democratic transitions, health institutions, and financial protection in the emerging economies: insights from Asia.

    Science.gov (United States)

    Gómez, Eduardo J

    2017-07-01

    In recent years, several emerging economies have introduced national health insurance programs ensuring access to health care while offering financial protection from out-of-pocket and catastrophic expenses. Nevertheless, in several nations these expenses continue to increase. While recent research has emphasized the lack of funding, poor policy design and corruption as the main culprits, little is known about the politics of establishing federal regulatory agencies ensuring that state governments adhere to national insurance reimbursement and coverage procedures. This article fills in this lacuna by providing an alternative perspective, one that accounts for differences between nations in the creation of regulatory institutions, with an emphasis instead on governing elite strategies to campaign on access to health care during transitions to democracy, civil societal mobilization, constitutional constraints and the national electoral incentives to overcome ineffective decentralization processes. The cases of Indonesia and China are introduced as examples of how and why their differences in this political process accounted for Indonesia's success and China's failure to ensure financial protection.

  14. ATTRACTING FOREIGN DIRECT INVESTMENT IN TRANSITION ECONOMIES WITH SPECIAL REFERENCE TO THE REPUBLIC OF MACEDONIA

    Directory of Open Access Journals (Sweden)

    Marija Gogova Samonikov

    2013-07-01

    Full Text Available The focus of this paper is an analysis of foreign direct investment and their impact and scale in countries in transition, with special reference to Macedonia. The main aim of this article is to show the investment in Macedonia, in the period before and after the crisis of 2007 and to provide guidance for future activities that will help improve the economic situation in general. The results show that the Macedonian economy is especially supported by active government action on this issue. Government and its activities significantly improve the position of Macedonia in relation to neighboring countries, but there are still areas that need to act. Such domain infrastructure is an issue that would fulfill the image of Macedonian policy for attracting foreign investors. The conclusion is that despite all activities there are determinants that affect traditional markets. The most important of them is the level of gross domestic product. Macedonia has taken many measures to increase the level of GDP and in the level of attracting foreign capital has introduced tax benefits, customs benefits and other benefits with which is competitive with neighboring countries. However, GDP and employment are still not satisfactorily reflected.

  15. 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.

  16. CNE'96: National Energy Conference 'Improving Energy Efficiency in a Transition Economy'. Proceedings

    International Nuclear Information System (INIS)

    Petrescu, M.; Balan, Gh.; Zlatanovici, D.

    1996-01-01

    Every two years a national conference on energy is held in Romania under the auspices of Romanian Electricity Authority (RENEL). The CNC'96 Conference entitled 'Improving Energy Efficiency in a Transition Economy' has taken place in the Black Sea resort Neptun-Olimp, on September 1-5, 1996. The conference was divided in 8 sections covering the subjects: 1) Energy policies and strategies - Financing of refurbishment and development; 2) Clean and efficient technologies of the fossil fuels - Renewable energy sources; 3) Rehabilitation - Retrofitting of power facilities; 4) Nuclear Power; 5) Predictive and preventive maintenance technologies; 6) Management and process information systems; 7) Environment conservation and mitigating measures; and 8) Energy end-use. An opening talk was given by V.Romert, the Director General of RENEL, and keynote addresses were presented by I.Lindsay, WEC Secretary General (Energy in an era of change and the WEC within it), by J.E.Gray, Vice Chairman of the Atlantic Council of the United States (Global Energy Outlook), and by F.Meslier, Director of the EDF East Energy Unit, Ile de France and Chairman of the 37 Study Committee of CIGRE (Quelques evolutions recentes de la CIGRE et de son Comite 37). (M.C.)

  17. 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)

  18. Private Equity Capital in a Less Developed Economy: Evidence, Issues and Perspectives

    Directory of Open Access Journals (Sweden)

    Melusi Mpofu

    2015-10-01

    Full Text Available This study investigates the structure of the private equity industry and issues that impact on its development and growth in Zimbabwe. Studies conducted internationally have unequivocally demonstrated the importance of private equity investments in assisting firms at start/growth phase and decline phase. However there is a dearth of literature on how these financial intermediaries assist in unlocking firm value from an emerging markets perspective. The study uses the document analysis and an exploratory research paradigms to achieve the stated objectives. The study finds that the venture capital industry in Zimbabwe mimics similar industries in other countries except that it is constrained by market liquidity. Lack of regulation and viable business sectors coupled with excessive risks in the political economy narrows the scope of private equity operations. Several issues impacting on the development of the private equity industry are identified and evaluated. The study has policy implications for the development of regulatory framework to bolster the growth of the private equity industry in emerging market economies. This study provides new evidence and policy suggestions on the operations of the private equity industry in a liquidity constrained and less developed economy.

  19. The transition of Germany's energy production, green economy, low-carbon economy, socio-environmental conflicts, and equitable society

    OpenAIRE

    Weber, Gabriel; Cabras, Ignazio

    2017-01-01

    Low carbon transitions have been predominantly analysed using quantitative methods, mostly building on present and forecasted data of social metabolism. This paper addresses both the economic and social dimensions of low carbon emissions by analysing the presence of socio-environmental conflicts in Germany. These conflicts appear to be a consequence of unsustainable policies targeting firms' planning and behaviour, mainly based on neoclassical economic thinking and various stakeholder groups ...

  20. Shorter Ground Contact Time and Better Running Economy: Evidence From Female Kenyan Runners.

    Science.gov (United States)

    Mooses, Martin; Haile, Diresibachew W; Ojiambo, Robert; Sang, Meshack; Mooses, Kerli; Lane, Amy R; Hackney, Anthony C

    2018-06-25

    Mooses, M, Haile, DW, Ojiambo, R, Sang, M, Mooses, K, Lane, AR, and Hackney, AC. Shorter ground contact time and better running economy: evidence from female Kenyan runners. J Strength Cond Res XX(X): 000-000, 2018-Previously, it has been concluded that the improvement in running economy (RE) might be considered as a key to the continued improvement in performance when no further increase in V[Combining Dot Above]O2max is observed. To date, RE has been extensively studied among male East African distance runners. By contrast, there is a paucity of data on the RE of female East African runners. A total of 10 female Kenyan runners performed 3 × 1,600-m steady-state run trials on a flat outdoor clay track (400-m lap) at the intensities that corresponded to their everyday training intensities for easy, moderate, and fast running. Running economy together with gait characteristics was determined. Participants showed moderate to very good RE at the first (202 ± 26 ml·kg·km) and second (188 ± 12 ml·kg·km) run trials, respectively. Correlation analysis revealed significant relationship between ground contact time (GCT) and RE at the second run (r = 0.782; p = 0.022), which represented the intensity of anaerobic threshold. This study is the first to report the RE and gait characteristics of East African female athletes measured under everyday training settings. We provided the evidence that GCT is associated with the superior RE of the female Kenyan runners.

  1. How Can Multifunctional Agriculture Support a Transition to a Green Economy in Africa? Lessons from the COMACO Model in Zambia

    Directory of Open Access Journals (Sweden)

    Orleans Mfune

    2016-09-01

    Full Text Available This paper examines the link between the green economy and multifunctional agriculture. In particular, the paper uses the case of the Community Markets for Conservation (COMACO initiative, an agro-based enterprise promoting a multifunctional agriculture model in Eastern Zambia, to examine how the potential of smallholder farmers can be harnessed to support a transition towards the green economy. The empirical data on which the paper is based were collected through questionnaire surveys and in-depth interviews conducted with farmers and other actors in the agricultural sector. The results of the study show that a number of elements underpinning the COMACO model including sustainable land management practices, conservation outreach, community markets, value addition, and conservation dividends have great potential to deliver benefits related to the green economy. However, to truly foster a transition towards a green economy, a number of constraints need to be overcome. These include lack of a supportive policy and institutional framework, technological backwardness, and lack of consumer awareness of environmental information instruments such as eco-labelling.

  2. Transforming Education for a Transition into Human-centered Economy and Post-normal Times

    Directory of Open Access Journals (Sweden)

    Elif Çepni

    2017-10-01

    Full Text Available Solutions to the major problems of our time require a radical shift in our perceptions, thinking and values. Post-normal times (characterized by complexity, chaos and contradictions, post-normal science (characterized by uncertainties, systems view of thinking, alternative perspectives, unknown unknowns, values and human-centered economy are conceptions that we need to take into consideration to define a new role for science. Managing the transition from the knowledge economy (mainly dominated by the use of analytical skills to human-centered economy (mainly dominated by the use of creativity, character, passion requires visionary leadership and a wide range of partnerships, and developing new and more comprehensive, flexible, innovative models of learning. Education today should prepare current generations for the continuously changing world of the future. The critique on modern education ranges across the political spectrum (from ‘the Right’ to ‘the Left’; across countries (both ‘western’ and ‘non-western’; across genders (within men’s, queer and feminist movements; and across worldviews (e.g. post-modernism, critical theory, neo-Marxism, critical traditionalism. These critiques all imply that ‘modern’ education has now become ‘outdated’ (Milojevic, 2005. Technology and globalization are significantly transforming work. However, education and training systems, having remained mostly static and under-invested in for decades, are largely inadequate to meet the needs of the new labour markets. How the disconnect between education systems and labour markets can be eliminated is a much disputed topic and it may require a paradigm shift in current thinking. Citizens and consumers today are experiencing a growing sense of alienation, loss of values and flexibility (Zajda, 2009. There is no form of education which would meet different needs worldwide. Education is a basic human right and it cannot be purely demand

  3. Financing the Transition to a Green Economy - An empirical investigation of how Norwegian firms can achieve business models for sustainability

    OpenAIRE

    Pedersen, Synne Mari; Slette, Sunniva Bratt

    2016-01-01

    The objective of this Master s thesis is to explore the interaction between the state of the current financial system and sustainable value creation of companies. This is done by examining how the financial community and business actors can address tensions that currently provide barriers for sustainability investments. The thesis is structured as an exploratory case study within the context of Norwegian industry development in the transition to a green economy. More specifically, the study i...

  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. Monetary Transmission and Asset - Liability management by financial institutions in transitional economies - implications for czech monetary policy

    OpenAIRE

    Derviz, Alexis

    2000-01-01

    The paper deals with the transmission of monetary policy within the financial sector. The objective is to link an optimizing stochastic model of portfolio decisions by a representative financial institution with a number of features that this optimizing behavior implies for monetary transmission and credit conditions in a transitional economy. The main example is the intermediation performance of Czech financial sector in the years 1993 to 1999.

  6. Improving Running Economy by Transitioning to Minimalist Footwear: A Randomised Controlled Trial.

    Science.gov (United States)

    Lindlein, K; Zech, A; Zoch, A; Braumann, K-M; Hollander, K

    2018-05-25

    Ongoing debates about benefits and risks of barefoot- and minimally-shod running have, to date, revealed no conclusive findings for long-term effects on physical performance. The purpose of this study was to examine the effects of an 8-week transition to minimalist footwear (MFW) on running economy (RE). Randomised controlled trial. Thirty-two male, habitually-shod runners were assigned randomly to an 8-week training intervention either in minimalist (=intervention group) or conventional running shoes (=control group). The intervention consisted of a gradual increase in use of the new footwear by 5% of the individual weekly distance. Before and after the intervention, a VO 2 max test was followed by a submaximal RE test at 70% and 80% of vVO 2 max in both shoe conditions 7days later. RE was measured at the submaximal tests and expressed as caloric unit cost (kcalkg -1 km -1 ) and oxygen consumption (mlkg -1 km -1 ). RE improved in the intervention group over time compared to the control group with small to moderate effect sizes (ES) in both shoe conditions: Effects on RE (kcalkg -1 km -1 ) in conventional running shoes: ES vVO 2 70%: 0.68 (95% CI: -0.14 to 1.51), ES vVO 2 80%: 0.78 (95% CI: 0-1.56). In minimalist footwear: ES vVO 2 70%: 0.3 (95% CI: -0.54 to 1.14), ES vVO 2 80%: 0.42 (95% CI: -0.41 to 1.25). These effects were not statistically significant (p>0.05). The repeated-measures ANOVA also showed no group by time interactions for all submaximal RE testing conditions (p>0.05). Although not reaching statistical significance, training in MFW compared to CRS resulted in small to moderate improvements in RE. Copyright © 2018 Sports Medicine Australia. Published by Elsevier Ltd. All rights reserved.

  7. The political economy of a public health case management program's transition into medical homes.

    Science.gov (United States)

    Wells, Rebecca; Cilenti, Dorothy; Issel, L Michele

    2015-11-01

    Throughout the United States, public health leaders are experimenting with how best to integrate services for individuals with complex needs. To that end, North Carolina implemented a policy incorporating both local public health departments and other providers into medical homes for low income pregnant women and young children at risk of developmental delays. To understand how this transition occurred within local communities, a pre-post comparative case study was conducted. A total of 42 people in four local health departments across the state were interviewed immediately before the 2011 policy change and six months later: 32 professionals (24 twice) and 10 pregnant women receiving case management at the time of the policy implementation. We used constant comparative analysis of interview and supplemental data to identify three key consequences of the policy implementation. One, having medical homes increased the centrality of other providers relative to local health departments. Two, a shift from focusing on personal relationships toward medical efficiency diverged in some respects from both case managers' and mothers' goals. Three, health department staff re-interpreted state policies to fit their public health values. Using a political economy perspective, these changes are interpreted as reflecting shifts in public health's broader ideological environment. To a large extent, the state successfully induced more connection between health department-based case managers and external providers. However, limited provider engagement may constrain the implementation of the envisioned medical homes. The increased focus on medical risk may also undermine health departments' role in supporting health over time by attenuating staff relationships with mothers. This study helps clarify how state public health policy innovations unfold at local levels, and why front line practice may in some respects diverge from policy intent. Published by Elsevier Ltd.

  8. Financial risk and the transition to a low-carbon economy. Towards a carbon stress testing framework - Working Paper

    International Nuclear Information System (INIS)

    Chenet, Hugues; Thomae, Jakob; Janci, Didier; Dupre, Stan; Hubert, Romain; Robins, Nick; Cruickshank, Peter

    2015-07-01

    On July 27 at Moody's in New York, 2 deg. Investing Initiative launched the report 'Financial risk and the transition to a low-carbon economy' in partnership with UNEP Inquiry and I4CE. The report reviews the main approaches to assessing carbon risk along the investment chain and discusses barriers to its integration in decision making. The report identifies two categories of climate-related financial risks to financial institutions: risks arising from physical climate change and 'carbon risk' which arise from the transition to a low-carbon economy following one of the possible decarbonization pathways. The authors show that to date, risk factors resulting from climate change and the transition to a low-carbon economy are generally not taken into consideration by mainstream risk assessment and management frameworks; there are multiple reasons for this. The report reviews a number of 'climate and carbon stress test' initiatives that suggest the materiality of these risks along the investment chain. The materiality of these risks for financial institutions and the financial system remains unclear. Financial regulators and policy makers, notably in France, the United Kingdom, and at the G20 level have nevertheless started responding to the issue

  9. Examining the measurement and dimensionality of the construct of consumer awareness in a developing and transition economy

    Directory of Open Access Journals (Sweden)

    Charles Makanyeza

    2015-06-01

    Full Text Available Orientation: Literature suggests that major political and socio-economic transformations may influence the measurement and dimensionality of consumer awareness. Research purpose: The study examined the measurement and dimensionality of the construct of consumer awareness after transformation in the political and socio-economic environments in Zimbabwe. Motivation for the study: There is a dearth of research to validate whether or not the measurement and dimensionality of the construct of consumer awareness changes as the environment changes. Research design, approach and method: Data were collected from a cross-section of 305 consumers using interviewer-administered questionnaires. Consumers were intercepted at shopping malls. Structural equation modelling was used to analyse data. Main findings: The study confirmed that consumer awareness comprises five dimensions, namely product knowledge, bargain hunting, general consumer knowledge, price consciousness and information search. However, the study found that only 16 items, instead of the proposed 25, were relevant in measuring consumer awareness. Product knowledge, bargain hunting and information search were each measured by four items, whilst general consumer knowledge and price consciousness were each measured by two items. The other nine items were shown to be of no value. Practical/managerial implications: The study recommends that marketers and policymakers in developing and transition economies, such as Zimbabwe, consider these five dimensions when conducting consumer awareness research or when planning consumer awareness programmes. Contribution/value-add: The study provided evidence that the dimensionality of the construct of consumer awareness does not change as the socio-economic and political environments change. However, items used to measure the dimensions need to be updated from time to time.

  10. The dynamics of industrial organisation in economies in transition: the example of the Russian gas industry

    International Nuclear Information System (INIS)

    Locatelli, C.

    1999-10-01

    The question of the emergence of a new organisational model based on the firm is at the heart of the reform in the Russian energy sector, as it is at the heart of the structural changes that the planned economic systems are undergoing. The reform has given rise to one main observation: the firm, as currently defined in Western economic writings, does not exist because of the essentially non-monetary nature of the planned economic systems. Eight years after the creation of Gazprom, however, one can be asked questions about the organisational model that has actually emerged. It is evident that the reform in ownership rights that was its initial objective has not created a private enterprise, even though the reform arose in a modification of ownership rights. Gazprom, given the essentially non-monetary economic relations amongst which it finds itself, remains in essence an organisation that is not subject to a ''hard budget constraint''. Instead of the private enterprise, we have an original and stable type of organisational model that has still to be fully defined. This specific ''vertical integration'' model is the model that allows the distinctive characteristics of the Russian economic environment to be managed best, whether they be non monetization of exchange and the salaried contract inherited from the planned economy. Some aspects of which have been retained in the post-communist transformation. In the case in point, this model shows that the firm is an organisation but also much an institution, a place where various interests and conflicts are managed. (A.L.B.)

  11. The dynamics of industrial organisation in economies in transition: the example of the Russian gas industry

    Energy Technology Data Exchange (ETDEWEB)

    Locatelli, C

    1999-10-01

    The question of the emergence of a new organisational model based on the firm is at the heart of the reform in the Russian energy sector, as it is at the heart of the structural changes that the planned economic systems are undergoing. The reform has given rise to one main observation: the firm, as currently defined in Western economic writings, does not exist because of the essentially non-monetary nature of the planned economic systems. Eight years after the creation of Gazprom, however, one can be asked questions about the organisational model that has actually emerged. It is evident that the reform in ownership rights that was its initial objective has not created a private enterprise, even though the reform arose in a modification of ownership rights. Gazprom, given the essentially non-monetary economic relations amongst which it finds itself, remains in essence an organisation that is not subject to a ''hard budget constraint''. Instead of the private enterprise, we have an original and stable type of organisational model that has still to be fully defined. This specific ''vertical integration'' model is the model that allows the distinctive characteristics of the Russian economic environment to be managed best, whether they be non monetization of exchange and the salaried contract inherited from the planned economy. Some aspects of which have been retained in the post-communist transformation. In the case in point, this model shows that the firm is an organisation but also much an institution, a place where various interests and conflicts are managed. (A.L.B.)

  12. Throw caution to the winds. Recommendation on acceleration of the transition to a sustainable energy economy in the Netherlands

    International Nuclear Information System (INIS)

    2011-10-01

    With regard to the title subject several councils in the Netherlands formulated recommendations for five roads to follow to remove constraints of the present system and accelerate the transition to a sustainable energy economy: (1) Set up a mandatory and consistent goal for a sustainable energy system in 2050, preferably in a European context, but otherwise national; (2) Set up a charter between government, business and civil society with a long term strategy for making sustainable the energy-intensive industry and the fossil energy sector in the Netherlands; (3) use a wider framework for the debate on the usefulness and the need for energy transition in the Netherlands; (4) Stimulate markets for energy conservation and renewable energy; (5) Take away legal and institutional barriers to energy transition. [nl

  13. Evidence for continuum absorption above the quiet sun transition region

    International Nuclear Information System (INIS)

    Schmahl, E.J.; Orrall, F.Q.

    1979-01-01

    We report new evidence for continuum absorption in the solar transition zone in EUV spectra obtained from OSO 4, OSO 6, ATM, and full Sun measurements. This absorption shortward of 912 A is manifest everywhere on the Sun's disk. It is present within network cells and boundaries of the quiet Sun, in coronal holes, in active regions, above the limb, and in solar prominences. Models of the upper chromosphere and the transition zone must be modified to include an admixture of neutral hydrogen (or possibly singly ionized helium) with the hotter plasma

  14. American individualism rises and falls with the economy: Cross-temporal evidence that individualism declines when the economy falters.

    Science.gov (United States)

    Bianchi, Emily C

    2016-10-01

    Past work has shown that economic growth often engenders greater individualism. Yet much of this work charts changes in wealth and individualism over long periods of time, making it unclear whether rising individualism is primarily driven by wealth or by the social and generational changes that often accompany large-scale economic transformations. This article explores whether individualism is sensitive to more transient macroeconomic fluctuations, even in the absence of transformative social changes or generational turnover. Six studies found that individualism swelled during prosperous times and fell during recessionary times. In good economic times, Americans were more likely to give newborns uncommon names (Study 1), champion autonomy in children (Study 2), aspire to look different from others (Study 3), and favor music with self-focused language (Study 4). Conversely, when the economy was floundering, Americans were more likely to socialize children to attend to the needs of others (Study 2) and favor music with other-oriented language (Study 4). Subsequent studies found that recessions engendered uncertainty (Study 5) which in turn tempered individualism and fostered interdependence (Study 6). (PsycINFO Database Record (c) 2016 APA, all rights reserved).

  15. Credit Risk Determinants in the Vulnerable Economies of Europe: Evidence from the Spanish Banking System

    Directory of Open Access Journals (Sweden)

    Gila-Gourgoura, E.

    2017-03-01

    Full Text Available Purpose: The purpose of this paper is to investigate the determinants of non-performing loans in the Spanish banking system over the period 1997Q4–2015Q3. This timeframe includes not only the booming period for the Spanish economy but also an extended post-crises interval which is missing from other studies for Spain. Design/methodology/approach: Using quarterly data from the Central Bank of Spain and from the European Central Bank, the paper employs the ARDL approach to cointegration to identify the existence of a long or short-run relationship between NPLs and a set of macroeconomic, bank-related and country-specific indicators. Findings: Findings from the ARDL model indicate that macroeconomic, bank-specific variables and interest rates are important determinants of non-performing loans in the Spanish banking system. Specifically, the real GDP, the Spanish long-term government bond yield, the return on equity, the total credit granted by the Spanish banks and their capital to assets ratio, explain credit risk in Spain both in the short and the long run. Research limitations/implications: Data on the bank-specific variables are for the whole banking industry, and not for individual banks. If such data were available, a comparison of the credit risk determinants between small/ big banks, private/public or domestic/foreign could be possibly made. Originality/value: These findings provide useful evidence to bank managers and policymakers in dealing with loans' defaults in Spain and in undertaking crucial reforms to stabilize the economy.

  16. “Green Ocean Treasure Hunting” Guided by Policy Support in a Transitional Economy

    Directory of Open Access Journals (Sweden)

    Baoshan Ge

    2018-02-01

    Full Text Available For countries in the process of economic transition, improvement of industrialization is no longer the sole goal of their economic development. While upgrading the level of industrial development, these countries also gradually attach importance to resource utilization efficiency and environmental protection, which is why green entrepreneurship has become increasingly popular in recent years. With the intensification of policy guidance, a new “sea area” named green entrepreneurship ushers in more and more “treasure hunters” exploring “the treasure” therein. Based on this, this paper constructs the model of “Green Ocean Treasure Hunting” for green entrepreneurial enterprises to analyze the role played by their government’s relevant policies and puts forward the research proposition of this article based on the relevant literature. On this basis, this paper chooses and analyzes a medium-sized, high-tech enterprise in China which follows a certain typical green entrepreneurial process as evidence of the propositions we have put forward.

  17. 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.

  18. Insurance as an adaptation strategy for extreme weather events indeveloping countries and economies in transition

    Energy Technology Data Exchange (ETDEWEB)

    Mills, Evan

    2004-06-30

    The insurance industry can play a material role indecreasing the vulnerability of developing countries and economies intransition to weather-related natural disasters while simultaneouslysupporting both its own market-based objectives and the objectives ofsustainable development. Although insurance is not a "silver bullet" forthe problems posed by natural disasters in emerging markets,public-private partnerships can enhance insurance's ability to spread therisks and manage the costs of weather-related disasters as well as toincrease the pool of people who have access to coverage. (For simplicityin this report, the phrase "emerging markets" is intended to encompassdeveloping countries and economies in transition.) Promising strategiesfor emerging markets involve establishing innovative products and systemsfor delivering insurance and using technologies and practices that bothreduce vulnerability to disaster-related insurance losses and supportsustainable development (including reducing greenhouse gas emissions).These strategies can enhance sustainable development efforts and increasethe insurability of risks, making insurance markets in emerging marketsmore viable. Emerging markets are especially vulnerable to extremeweather events, which impede development by causing physical damage,compromising human and ecosystem health, diverting scarce resources todisaster relief and recovery, and deterring future investment andinsurance availability by amplifying the risks faced by foreigninterests. An average of 300 million people are affected or killed eachyear by weather-related disasters in emerging markets. Characteristics ofemerging markets contributing to their particular vulnerability incontrast to developed nations include: greater frequency of poverty;weaker lifelines (transportation, communication, utilities, emergencyresponse, and hospitals); poorer quality of construction and absence ofor deficiencies in building codes and other regulations; and

  19. Investing in Youth: Tunisia. "Strengthening the Employability of Youth during the Transition to a Green Economy"

    Science.gov (United States)

    OECD Publishing, 2015

    2015-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

  20. 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

  1. A comparative history of commercial transition in three West African slave trading economies, 1630 to 1860

    NARCIS (Netherlands)

    Dalrymple-Smith, Angus

    2017-01-01

    The nineteenth century ‘commercial transition’ from export economies based on slaves to ones dominated by commodities like palm oil has been a central theme in West African history. However, most studies have tended to focus on the impact of the change and assumed that its causes were largely a

  2. Substances of very high concern and the transition to a circular economy : An initial inventory

    NARCIS (Netherlands)

    Wassenaar PNH; Janssen N; de Poorter LRM; Bodar CWM; VSP; MSP

    2017-01-01

    Reuse and recycling of products are key elements in a circular economy. This exploratory RIVM study shows that a great number of waste streams may contain various substances of very high concern (ZZS), which may hamper safe recycling options in the Netherlands. RIVM recommends an adequate risk

  3. Corporate governance determinants: the firm-level evidence from transitional country, Ukraine

    Directory of Open Access Journals (Sweden)

    Vitaliy Zheka

    2007-01-01

    Full Text Available This paper attempts to empirically investigate the determinants of choices of corporate governance practices by corporations in a transition market. The study offers firm-level evidence benefiting from unique financial and governance data on Ukraine. In particular, we analyze the factors that affect overall level as well as individual elements of corporate governance. We consider such governance elements as shareholder rights, transparency, board independence, chairman independence and ownership. Overall we found that regulatory, industry and firm level factors are important, which is consistent with previous literature for other countries. Combining our results with the results of Zheka (20063 we conclude that it is possible for the government to implement and enforce better corporate governance practices in the economy that would make Ukrainian enterprises more attractive for foreign investment.

  4. What Causes Inflation in a Post Communist Economy? Evidence from Ethiopia

    Directory of Open Access Journals (Sweden)

    Dejene Mamo Bekana

    2016-09-01

    Full Text Available This paper examines the determinants of inflation for a post communist economy, in the long run as well as in the short run, using time series evidence from Ethiopia and applying the Johnson co integration and Error Correction Mechanisms. A vivid observation of the results shows that the short run determinants of inflation are broad money supply, growth of domestic gross product, real interest rate, budget deficit, Exchange rate, inflation expectation and world price movements. The result of the long run model after co integration is proved using the residual based ducky fuller test and the Johnson co integration tests revealed that broad money supply, government budget deficit, exchange rate and inflation expectation are found to be the major determinants of inflation. The result shows that domestic gross product growth rate has no effect on inflation. To curb inflation, therefore, policy makers need to implement prudential fiscal and monetary policy tools. Inflation expectations need to be tackled by way of transparent and well informed government policies to change consumer perception. Concerning this, it is important to consider targeting monetary and fiscal policy variables and appropriately implanting the set targets.

  5. Theory and evidence of economies of scale in the development of waste management systems

    International Nuclear Information System (INIS)

    Chang, Shoou-Yuh; Rivera, A.L.

    1989-01-01

    Waste is a cost of doing business. This cost can be considered in terms of the potential adverse health and environmental impacts, or the waste management costs associated with avoiding, minimizing, and controlling those impacts. There is an anticipated increase in the cost of waste management as a result of the increasing requirements for regulatory compliance. To meet the total waste management capacity needs of the organization and the compliance requirements, low-level radioactive, hazardous, and mixed waste management will need demonstrated technologies strategically managed as a technology portfolio. The role of the decision maker is to select the optimum mix of technologies and facilities to provide the waste management capacity needed for the next twenty years. The waste management system resulting from this mix includes multiple small-scale fixed facilities, large-scale centralized facilities, and waste management subcontracts. This study was conducted to examine the theory and evidence of economies of scale in the development of waste management systems as as exploratory research on the economic considerations in the process of technology selection and implementation. 25 refs., 24 figs., 11 tabs

  6. Towards a green urban economy? Unravelling urban sustainability transitions from a regime perspective

    NARCIS (Netherlands)

    Mans, U.; Meerow, S.

    2012-01-01

    The current debate about sustainability transitions has embraced the multi-level perspective as a useful methodological tool for assessing the dynamics that are at play between landscape, regime and niche. As a consequence, the thinking about socio-technical transitions has gradually shifted in

  7. 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.…

  8. Challenges of Tagging Goods in Supply Chains and a Cloud Perspective with Focus on Some Transitional Economies

    Directory of Open Access Journals (Sweden)

    Sanja Bauk

    2017-02-01

    Full Text Available This paper considers some of the barriers in implementing the RFID (radio frequency identification technology for identifying, locating, tracking and tracing goods in supply chains, along with a model for adopting cloud services that can mitigate these obstacles in the transitional environment. The analysis is based on the assessments of the implementation impediments, given by the experts in the field of logistics: university professors, assistants and entrepreneurs from three Western Balkan countries (Montenegro, Serbia, and Bosnia and Herzegovina. Since the professionals’ assessments are influenced by their experiences from the transitional economies, which are faced with limited abilities to invest in expensive business information systems, the main hypothesis is that moving the logistics into the cloud may resolve or at least alleviate the considered problems. On the basis of the available secondary literature resources on pros and cons of RFID implementation into supply chains, and the statistical analysis of the consciously completed questionnaires in the survey, the model for adopting cloud services for providing RFID-enabled goods and related activities in the considered economies is proposed at a logical level. The paper also gives some directions for further research work in this domain.

  9. Growing out of the Crisis: Hidden Assets to Greece's Transition to an Innovation Economy

    OpenAIRE

    Herrmann, Benedikt; Kritikos, Alexander S.

    2013-01-01

    Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize ...

  10. A comparative history of commercial transition in three West African slave trading economies, 1630 to 1860

    OpenAIRE

    Dalrymple-Smith, Angus

    2017-01-01

    The nineteenth century ‘commercial transition’ from export economies based on slaves to ones dominated by commodities like palm oil has been a central theme in West African history. However, most studies have tended to focus on the impact of the change and assumed that its causes were largely a result of the British decision to abolish their transatlantic slave trade in 1807 and subsequently persuading or forcing other nations to do the same. This thesis makes two principal contributions to t...

  11. Dynamic International Competitiveness of Transition Economies. What do trade figures tell us? The case of Poland

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller

    This paper shows that the reform on the structures of the Polish economy has had an impressively fast effect on the numbers of different products this country exports to Western countries. The time path may well be described by a logistic curve. The change in the exports of this country may...... therefore be characterised by a widening, instead of a deepening in specialisation. The paper introduces a new empirical methodology to evaluate the dynamic changes in export activities of a country. The result of this new methodology is that quality competition is becoming increasingly important for Poland...

  12. Multinational companies from transition economies and their outward foreign direct investment

    Directory of Open Access Journals (Sweden)

    Wladimir Andreff

    2017-12-01

    Econometric testing shows that push factors are major determinants of OFDI. The results demonstrate that OFDI is determined by the home country's level of economic development, the size of its home market, and its rate of growth as well as technological variables: OFDI decreases with an increase in the number of scientists in the home economy and with an increase in the share of high-tech products in overall exports, exhibiting a negative technological gap. A lagged relationship between OFDI and previous inward FDI suggests that Mathews’ linkage-leverage-learning theory is relevant in the case of PTEs.

  13. Wage fixing in the informal economy : evidence from Brazil, India, Indonesia and South Africa

    OpenAIRE

    Saget, Catherine

    2006-01-01

    Based on data analysis and surveys of firms in four countries, focuses on wage fixing in the informal economy and the role of the minimum wage in informal wage determination. Includes also information on working hours in informal firms.

  14. Entry Mode of Firms in an Emerging Economy: Evidence from Malaysia

    OpenAIRE

    Yasmeen, Kausar; Viswanathan, Kuperan

    2016-01-01

    The dynamics of the global competition patterns and world economy are encouraging construction firms to expand into emerging economies. Entry modes and its predictors have been the subjects of interest in international market strategic management research which is nonetheless lacking in the construction firms. This paper seeks to identify the entry modes preferred by construction firms in Malaysia, on whether they choose equity modes, non-equity modes or both modes for their international pro...

  15. Finance-Growth-Crisis Nexus in Asian Emerging Economies: Evidence from VECM and ARDL Assessment

    OpenAIRE

    Takashi Fukuda; Jauhari Dahalan

    2012-01-01

    This paper examines the causal relationship between financial development, economic growth and financial crisis in the five Asian emerging economies (India, Indonesia, South Korea, Malaysia and Thailand) during the period 1982 to 2007. All of these countries are known as emerging economies with well known financial crisis episodes (i.e., India's 1991 crisis and the Asian 1997 crisis). The summary indicators of financial development, financial crisis and financial repression are constructed th...

  16. The Role of Innovation in Fostering Competitiveness and Economic Growth: Evidence from Developing Economies

    Directory of Open Access Journals (Sweden)

    Terzić Lejla

    2017-12-01

    Full Text Available This paper deals with the essential features determining the role of innovation in developing economies by examining the structure of innovation measures. The economic growth and competitiveness of developing economies are powerfully connected to its innovation status. The purpose of this paper is to examine the significance of innovation in driving economic growth per capita and competitiveness in selected developing economies. In order to determine the interconnection among the variables of innovation, competitiveness, and growth, assorted methodological measurement instruments have been applied. The data were collected from both primary and secondary sources. The results suggest the importance of specific innovation dimensions for prospective economic growth in developing economies. The identical measures responsible for fragile innovation are associated to the low composite measures of innovation accomplishment. This demonstrates the enormous disparity concentrated in every innovation aspect over time, specifically in innovation output and enterprise performances between the developing economies and the EU-28 average measures. The research results indicate the usage of appropriate economic instruments in diminishing the problems that developing economies are currently dealing with.

  17. Evidence of Incipient Forest Transition in Southern Mexico

    Science.gov (United States)

    Vaca, Raúl Abel; Golicher, Duncan John; Cayuela, Luis; Hewson, Jenny; Steininger, Marc

    2012-01-01

    Case studies of land use change have suggested that deforestation across Southern Mexico is accelerating. However, forest transition theory predicts that trajectories of change can be modified by economic factors, leading to spatial and temporal heterogeneity in rates of change that may take the form of the Environmental Kuznets Curve (EKC). This study aimed to assess the evidence regarding potential forest transition in Southern Mexico by classifying regional forest cover change using Landsat imagery from 1990 through to 2006. Patterns of forest cover change were found to be complex and non-linear. When rates of forest loss were averaged over 342 municipalities using mixed-effects modelling the results showed a significant (p<0.001) overall reduction of the mean rate of forest loss from 0.85% per year in the 1990–2000 period to 0.67% in the 2000–2006 period. The overall regional annual rate of deforestation has fallen from 0.33% to 0.28% from the 1990s to 2000s. A high proportion of the spatial variability in forest cover change cannot be explained statistically. However analysis using spline based general additive models detected underlying relationships between forest cover and income or population density of a form consistent with the EKC. The incipient forest transition has not, as yet, resulted in widespread reforestation. Forest recovery remains below 0.20% per year. Reforestation is mostly the result of passive processes associated with reductions in the intensity of land use. Deforestation continues to occur at high rates in some focal areas. A transition could be accelerated if there were a broader recognition among policy makers that the regional rate of forest loss has now begun to fall. The changing trajectory provides an opportunity to actively restore forest cover through stimulating afforestation and stimulating more sustainable land use practices. The results have clear implications for policy aimed at carbon sequestration through reducing

  18. Evidence of incipient forest transition in Southern Mexico.

    Science.gov (United States)

    Vaca, Raúl Abel; Golicher, Duncan John; Cayuela, Luis; Hewson, Jenny; Steininger, Marc

    2012-01-01

    Case studies of land use change have suggested that deforestation across Southern Mexico is accelerating. However, forest transition theory predicts that trajectories of change can be modified by economic factors, leading to spatial and temporal heterogeneity in rates of change that may take the form of the Environmental Kuznets Curve (EKC). This study aimed to assess the evidence regarding potential forest transition in Southern Mexico by classifying regional forest cover change using Landsat imagery from 1990 through to 2006. Patterns of forest cover change were found to be complex and non-linear. When rates of forest loss were averaged over 342 municipalities using mixed-effects modelling the results showed a significant (p<0.001) overall reduction of the mean rate of forest loss from 0.85% per year in the 1990-2000 period to 0.67% in the 2000-2006 period. The overall regional annual rate of deforestation has fallen from 0.33% to 0.28% from the 1990s to 2000s. A high proportion of the spatial variability in forest cover change cannot be explained statistically. However analysis using spline based general additive models detected underlying relationships between forest cover and income or population density of a form consistent with the EKC. The incipient forest transition has not, as yet, resulted in widespread reforestation. Forest recovery remains below 0.20% per year. Reforestation is mostly the result of passive processes associated with reductions in the intensity of land use. Deforestation continues to occur at high rates in some focal areas. A transition could be accelerated if there were a broader recognition among policy makers that the regional rate of forest loss has now begun to fall. The changing trajectory provides an opportunity to actively restore forest cover through stimulating afforestation and stimulating more sustainable land use practices. The results have clear implications for policy aimed at carbon sequestration through reducing

  19. Evidence of incipient forest transition in Southern Mexico.

    Directory of Open Access Journals (Sweden)

    Raúl Abel Vaca

    Full Text Available Case studies of land use change have suggested that deforestation across Southern Mexico is accelerating. However, forest transition theory predicts that trajectories of change can be modified by economic factors, leading to spatial and temporal heterogeneity in rates of change that may take the form of the Environmental Kuznets Curve (EKC. This study aimed to assess the evidence regarding potential forest transition in Southern Mexico by classifying regional forest cover change using Landsat imagery from 1990 through to 2006. Patterns of forest cover change were found to be complex and non-linear. When rates of forest loss were averaged over 342 municipalities using mixed-effects modelling the results showed a significant (p<0.001 overall reduction of the mean rate of forest loss from 0.85% per year in the 1990-2000 period to 0.67% in the 2000-2006 period. The overall regional annual rate of deforestation has fallen from 0.33% to 0.28% from the 1990s to 2000s. A high proportion of the spatial variability in forest cover change cannot be explained statistically. However analysis using spline based general additive models detected underlying relationships between forest cover and income or population density of a form consistent with the EKC. The incipient forest transition has not, as yet, resulted in widespread reforestation. Forest recovery remains below 0.20% per year. Reforestation is mostly the result of passive processes associated with reductions in the intensity of land use. Deforestation continues to occur at high rates in some focal areas. A transition could be accelerated if there were a broader recognition among policy makers that the regional rate of forest loss has now begun to fall. The changing trajectory provides an opportunity to actively restore forest cover through stimulating afforestation and stimulating more sustainable land use practices. The results have clear implications for policy aimed at carbon sequestration through

  20. Financial integration and financial development in transition economies: What happens during financial crises?

    Directory of Open Access Journals (Sweden)

    Igor Masten

    2011-12-01

    Full Text Available

    This paper provides an empirical analysis of the role of financial development and financial integration in the growth dynamics of transition countries. We focus on the role of financial integration in determining the impact of financial development on growth, distinguishing “normal times” from periods of financial crises. In addition to confirming the significant positive effect on growth exerted by financial development and financial integration, our estimates show that a higher degree of financial openness tends to reduce the contractionary effect of financial crises, by cushioning the effect on the domestic supply of credit. Consequently, the high reliance on international capital flows by transition countries does not necessarily increase their financial fragility. This implies that financial protectionism is a self-defeating policy, at least for transition countries.

  1. Financing the low-carbon transition in a fragile world economy

    International Nuclear Information System (INIS)

    Hourcade, Jean-Charles

    2015-01-01

    An unfavorable economic situation will hinder the launching of the 'low-carbon transition' in compliance with an increase of approximately 2 deg. C - the official goal set by the international community for global warming. Reversing the perspective, this transition is seen, herein, as the grounds for a 'sustainable' growth based on a monetary policy that ties the emission of liquidities to investments in low-carbon facilities. 'Climate remediation [sic] assets' with a social value set by an agreement in the framework of the Convention on the Climate are discussed

  2. The convergence dynamics of a transition economy: the case of the Czech Republic

    Czech Academy of Sciences Publication Activity Database

    Brůha, J.; Podpiera, Jiří; Polák, S.

    2010-01-01

    Roč. 27, č. 1 (2010), s. 116-124 ISSN 0264-9993 Grant - others:Česká národní banka(CZ) E4/2005 Institutional research plan: CEZ:AV0Z70850503 Keywords : economic transition * country modeling * convergence Subject RIV: AH - Economics Impact factor: 0.601, year: 2010

  3. Structural changes in transition economies: breaking the news or breaking the ice?

    Czech Academy of Sciences Publication Activity Database

    Égert, B.; Jiménez-Rodríguez, R.; Kočenda, Evžen; Morales-Zumaquero, A.

    -, č. 16 (2006), s. 1-15 Institutional research plan: CEZ:AV0Z70850503 Keywords : transition countries * structural break * volatility Subject RIV: AH - Economics http://deepblue.lib.umich.edu/bitstream/2027.42/41234/1/IPC-working-paper-016-Kocenda.pdf

  4. What governs the transition to a hydrogen economy? Articulating the relationship between technologies and political institutions

    NARCIS (Netherlands)

    Hisschemoller, M.; Bode, M.G.A.; van de Kerkhof, M.F.

    2006-01-01

    There is a lack of integrated knowledge on the transition to a sustainable energy system. The paper focuses on the relationship between technologies and institutions in the field of hydrogen from the perspective of political theory. The paper unfolds four paradigms of governance: 'Governance by

  5. Brown coal prices for power industry in market economy conditions of transitional period

    International Nuclear Information System (INIS)

    Wagenknecht, J.

    1996-01-01

    Present Polish policy of brown coal prices creation is presented and criticized. Real coal prices, for the period 1993-1995 are given and compared with the prognosis. A new method of prices creation based on coal quality, described in detail, is proposed for transitional period. (A.S.). 2 figs, 3 tabs

  6. The effect of female labour force in economic growth and sustainability 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, the main theoretical arguments for discussions are as following: female labour force participation in transition countries, female employment in economic sectors and their main barriers, and the contributions of female labour force in economic growth. In methodology, the secondary data are used, and they are calculated through STATA program. The main analysis include: descriptive statistic, regression analysis and correlation matrix. Based on empirical results, the regression analysis has found that economic growth and government effectiveness has a negative impact on female labour force. Financial market development, enterprises reforms, and innovation have a positive impact on female labour force in SEE (South Eastern European countries. In T-statistic analysis all independent variables have shown a negative significance (T <2 on female labour force. In correlation, economic growth and financial development market have negative correlation on female labour force, but other variables have shown positive correlation. SEE countries should develop the female labour force in their economies, so their role may be crucial toward different economic problems and challenges in the modern economy.

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

    Directory of Open Access Journals (Sweden)

    Christos Nikas

    2014-03-01

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

  8. Curing the ‘Beach Disease’: Corruption and the Potential of Tourismled Transformation for Developing Countries and Transitional Economies

    Directory of Open Access Journals (Sweden)

    Alexis Papathanassis

    2016-01-01

    Full Text Available The continuous global growth of the tourism sector over the last decades has highlighted itspotential as a developmental strategy for developing countries and transitional economies. Theattractiveness of a tourism-led economic transformation lies in the capability of attracting foreigninvestment and generating significant income even when subjected to unfavorable infrastructural-,business-, economic- and social-conditions. Empirically, nonetheless, tourism competitiveness,potential and transformational success greatly varies between country-cases. This paper exploresand discusses a number of potential factors (Regulatory framework- and Safety/Security-relatedsuggested in tourism literature as responsible for such outcome variations. Following thequantitative/statistical analysis of multi-source combined secondary data, there is inadequatequantitative support for the factors suggested. To account for the resulting theoretical (orexplanatory gap, the role of corruption is proposed as a latent and under-researched factor for abetter understanding, exploration and implementation of tourism-led economic growth.

  9. 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.

  10. Second generation biofuels, an accelerator of the transition toward an economy driven by energy drawn from hydrogen

    International Nuclear Information System (INIS)

    Delabroy, O.

    2013-01-01

    The growth of the bio economy, especially in transportation, involves developing a bio-fuel industry. First generation bio-fuels were produced from plant sugars like starch or from plant oils. Second generation bio fuels use as raw materials the whole plant and especially agricultural and forestry wastes which extend the resource considerably and limit the competition between food use and fuel use. Second generation bio-fuels can be made with not only biological methods but also biomass-to-liquid processes borrowed from thermochemistry. Players in this field, including 'Air Liquide' company, are drawing up a technical and economic road-map for competitiveness in this emerging branch of industry. Since the thermochemical approach for gasifying a biomass also yields large quantities of hydrogen, the industrialization of this branch and concomitant production of bio-hydrogen at competitive prices provide leverage for accelerating the transition toward using H 2 for transportation

  11. Motives for participation in the sharing economyevidence from Lithuania

    Directory of Open Access Journals (Sweden)

    Grybaitė Virginija

    2016-12-01

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

  12. The Hydrogen Economy Making the Transition to the Third Industrial Revolution and a New Energy Era

    International Nuclear Information System (INIS)

    Jeremy Rifkin

    2006-01-01

    Jeremy Rifkin is the author of the international best seller, The Hydrogen Economy, which has been translated into fourteen languages. It is the most widely read book in the world on the future of renewable energy and the hydrogen economy. In his presentation on 'The Hydrogen Economy', Mr. Rifkin takes us on an eye-opening journey into the next great commercial era in history. He envisions the dawn of a new economy powered by hydrogen that will fundamentally change the nature of our market, political and social institutions, just as coal and steam power did at the beginning of the industrial age. Rifkin observes that we are fast approaching a critical watershed for the fossil-fuel era, with potentially dire consequences for industrial civilization. Experts had been saying that we had another forty or so years of cheap available crude oil left. Now, however, some of the world's leading petroleum geologists are suggesting that global oil production could peak and begin a steep decline much sooner, as early as the second decade of the 21. century. Non-OPEC oil producing countries are already nearing their peak production, leaving most of the remaining reserves in the politically unstable Middle East. Increasing tensions between Islam and the West are likely to further threaten our access to affordable oil. In desperation, the U.S. and other nations could turn to dirtier fossil-fuels, coal, tar sand, and heavy oil, which will only worsen global warming and imperil the earth's already beleaguered ecosystems. Looming oil shortages make industrial life vulnerable to massive disruptions and possibly even collapse. While the fossil-fuel era is entering its sunset century, a new energy regime is being born that has the potential to remake civilization along radical new lines, according to Rifkin. Hydrogen is the most basic and ubiquitous element in the universe. It is the stuff of the stars and of our sun and, when properly harnessed, it is the 'forever fuel'. It never runs

  13. The Hydrogen Economy Making the Transition to the Third Industrial Revolution and a New Energy Era

    Energy Technology Data Exchange (ETDEWEB)

    Jeremy Rifkin

    2006-07-01

    Jeremy Rifkin is the author of the international best seller, The Hydrogen Economy, which has been translated into fourteen languages. It is the most widely read book in the world on the future of renewable energy and the hydrogen economy. In his presentation on 'The Hydrogen Economy', Mr. Rifkin takes us on an eye-opening journey into the next great commercial era in history. He envisions the dawn of a new economy powered by hydrogen that will fundamentally change the nature of our market, political and social institutions, just as coal and steam power did at the beginning of the industrial age. Rifkin observes that we are fast approaching a critical watershed for the fossil-fuel era, with potentially dire consequences for industrial civilization. Experts had been saying that we had another forty or so years of cheap available crude oil left. Now, however, some of the world's leading petroleum geologists are suggesting that global oil production could peak and begin a steep decline much sooner, as early as the second decade of the 21. century. Non-OPEC oil producing countries are already nearing their peak production, leaving most of the remaining reserves in the politically unstable Middle East. Increasing tensions between Islam and the West are likely to further threaten our access to affordable oil. In desperation, the U.S. and other nations could turn to dirtier fossil-fuels, coal, tar sand, and heavy oil, which will only worsen global warming and imperil the earth's already beleaguered ecosystems. Looming oil shortages make industrial life vulnerable to massive disruptions and possibly even collapse. While the fossil-fuel era is entering its sunset century, a new energy regime is being born that has the potential to remake civilization along radical new lines, according to Rifkin. Hydrogen is the most basic and ubiquitous element in the universe. It is the stuff of the stars and of our sun and, when properly harnessed, it is the &apos

  14. Reforms and Economic Growth in Transition Economies: Complementarity, Sequencing and Speed

    Directory of Open Access Journals (Sweden)

    Karsten Staehr

    2005-12-01

    Full Text Available This paper considers the effects of sequencing and reform speed on output performance in transition countries. These largely unsettled issues are addressed using principal component techniques to construct reform clusters and by explicit tests of speed effects. The results indicate that broad-based reforms are good for output growth, but so is a policy of liberalisation and small-scale privatisation without structural reforms. Conversely, large-scale privatisation without adjoining reforms, market opening without supporting reforms and bank liberalisation without enterprise restructuring affect growth negatively. Swift reform policies allow transition countries to benefit from higher growth for longer time. The speed of reforms appears otherwise to have little effect on growth in the short and medium term.

  15. 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...

  16. The economy and loss given default: evidence from two UK retail lending data sets

    OpenAIRE

    Mindy Leow; Christophe Mues; Lyn Thomas

    2014-01-01

    Loss given default (LGD) models predict losses as a proportion of the outstanding loan, in the event a debtor goes into default. The literature on corporate sector LGD models suggests LGD is correlated to the economy and so changes in the economy could translate into different predictions of losses. In this work, the role of macroeconomic variables in loan-level retail LGD models is examined by testing the inclusion of macroeconomic variables in two different retail LGD models: a two-stage mo...

  17. The effect of informal economy on income inequality: Evidence from Turkey

    Directory of Open Access Journals (Sweden)

    Elveren Adem Y.

    2016-01-01

    Full Text Available By considering the manufacturing pay inequality index as a proxy for overall income inequality and a novel index for the informal economy, this study analyzes the relationship between income inequality and the size of the informal economy in Turkey for the first time during the period of 1963-2008. For this purpose, we employ a time-series analysis with the Johansen cointegration test, a vector error correction model and the Granger causality tests. The findings suggest that while an increase in income inequality and foreign trade competitiveness leads to an expansion of the informal sector, unemployment has negative effects on the informal sector.

  18. Intra-Industry Affiliate Trade of Foreign-Owned Companies in Transition Economies:

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Pawlik, Konrad

    2008-01-01

    Using a database containing trade and industry variables of foreign-owned companies in the Polish manufacturing industry for the years 1993-2002, we investigate the relationship between the organizational structure of multinational enterprises (MNE) in Poland and the intra-industry trade of their...... become a more important mode of organization for multinational enterprises as Poland has evolved into a relatively stable economic environment where MNEs feel comfortable basing their regional operations.......Using a database containing trade and industry variables of foreign-owned companies in the Polish manufacturing industry for the years 1993-2002, we investigate the relationship between the organizational structure of multinational enterprises (MNE) in Poland and the intra-industry trade...... of their affiliates (IIAT). We find labour intensity; scale economies and absorptive capacity of affiliates are the main explanatory variables for IIAT. Given the overall rise in export and import intensities of foreign affiliates over the period of investigation, our findings suggest that export-platform FDI has...

  19. 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.

  20. 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.

  1. 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.

  2. What governs the transition to a sustainable hydrogen economy? Articulating the relationship between technologies and political institutions

    International Nuclear Information System (INIS)

    Hisschemoeller, Matthijs; Bode, Ries; Kerkhof, Marleen van de

    2006-01-01

    There is a lack of integrated knowledge on the transition to a sustainable energy system. The paper focuses on the relationship between technologies and institutions in the field of hydrogen from the perspective of political theory. The paper unfolds four paradigms of governance: 'Governance by policy networking', Governance by government', 'Governance by corporate business', and 'Governance by challenge', and looks into the major line of argument in support of these paradigms and into their possible bias with respect to hydrogen options. Each of these paradigms reveals an institutional bias in that it articulates specific opportunities for collaboration and competition in order to stimulate the transition to a sustainable hydrogen economy. The paper makes the observation that there is a compelling need to reframe fashionable discourse such as the necessary shift from government to governance or from government to market. Instead, specific questions with respect to the impact of guiding policy frameworks on innovation will highlight that neither 'neutral' nor 'optimal' frameworks for policy making exist, where competing hydrogen options are at stake. The identification of paradigms of governance maybe considered a methodological device for (participator) policy analysis

  3. Transition to Market Economy in Eastern Europe: Interest groups and political institutions in Russia

    DEFF Research Database (Denmark)

    Schjødt, Esben Bergmann; Svendsen, Gert Tinggaard

    2002-01-01

    revolutions," the old state monopolies were not removed. State monopolies have small-group advantages in contrast to the large group of private firms, which are numerous and not yet organized. It leads to an asymmetrical pattern of lobbyism in favor of non-transition, which can only be mitigated...... out comprehensive economic reforms. Free trade with the West and potential competition may put pressure on the old state monopolies. However, lobbies in the European Union may oppose free trade to maintain their monopoly....

  4. The characteristics of the air pollution of a transition economy city: the example of Belgrade

    Directory of Open Access Journals (Sweden)

    ALEKSANDRA M. ZUJIC

    2007-08-01

    Full Text Available The results of sulphur dioxide (SO2, nitrogen dioxide (NO2 and black smoke (BS levels in the Belgrade metropolitan area, the only pollutants measured at almost all 20 monitoring stations set up in the area, were critically analysed, the most reliable ones select and the pollution characteristics were defined in these terms. Belgrade was found to have pollution typical for a city in economical transition – still high SO2 and BS levels, with seasonal variation, while moderate NO2 levels. This is discussed in terms of sources, as well as spatial and temporal distribution.

  5. Exports and Innovation in Emerging Economies : Firm-Level Evidence from South-Africa

    NARCIS (Netherlands)

    Vannoorenberghe, Gonzague

    2015-01-01

    Using a new dataset on the innovation and exports of 500 South African firms, this paper asks whether exports affect rm innovation in the context of an emerging economy. We use a range of particularly attractive features of the dataset. Firms not only report whether they innovated but describe their

  6. The level of the shadow economy, tax evasion and corruption: The empirical evidence for SEE countries

    Directory of Open Access Journals (Sweden)

    Osmani Rufi

    2015-12-01

    Full Text Available Economic theory and practice of developed countries have shown that the good functioning of market economies requires the existence of stable institutions that are effective in the application of legal rules as a precondition for the proper functioning of the economic and fiscal system.

  7. Innovators' vs Non-innovators' perceptions of corruption in European post-transition economies

    Directory of Open Access Journals (Sweden)

    Valerija Botrić

    2015-12-01

    Full Text Available Purpose – The purpose of this paper is to analyse whether innovators perceive corruption to be systematically more important than non-innovators across different post-transition EU countries. Design/methodology/approach –We use the Business Environment Survey (BEEPS V data. The sample consists of 3,716 firms from the post-transition EU members (Bulgaria, Romania, Latvia, Lithuania, Poland, Croatia, Slovakia, Hungary, Czech Republic, Slovenia and Estonia. We first estimate simple matching model, specifically, average treatment effect of the treated (ATT framework. In order to explore the determinants of the innovation activity of the firms in the analysed countries, conditional on the fact that they consider the corruption to be important obstacle for their business activity, we employ the Heckman probit procedure. Findings – The results imply that there is a link between innovation activity of the firms, perceptions of corruption and the evaluation of innovation enabling specificities in the analysed countries. Research limitations/implications – Although the results confirm that in most of the analysed countries innovative firms perceive corruption to be major impediment for their business activity, based on this analysis we cannot argue that innovation activity would be higher if corruption perceptions were lower in the analysed countries. Originality/value – The results suggest that, in order to boost innovation, not only traditional innovation-supporting policy measures should be considered, but also wider spectrum of activities oriented towards business climate improvement.

  8. Public Policies for Career Development. Case Studies And Emerging Issues For Designing Career Information And Guidance Systems In Developing And Transition Economies

    Science.gov (United States)

    Watts, A. G.; Fretwell, David H.

    2004-01-01

    The following pages summarize the findings of seven case-studies of public policy in career guidance carried out in Chile, the Philippines, Poland, Romania, Russia, South Africa and Turkey. The objectives of this World Bank study were: to identify and describe the distinctive issues faced by developing and transition economies in forming effective…

  9. State governance evolution in resource-rich transition economies: An application to Russia and Kazakhstan

    Energy Technology Data Exchange (ETDEWEB)

    Kalyuzhnova, Yelena; Nygaard, Christian [The Centre for Euro-Asian Studies, The University of Reading, Whiteknights, PO Box, Reading RG6 6AA (United Kingdom)

    2008-06-15

    Following a decade of transition in the Former Soviet Union (FSU), governance of the oil and gas sectors has evolved to economic nationalism. In the newly independent states this has manifested itself through greater (direct) state ownership or participation in oil and gas production, at the expense of both domestic (in the case of Russia) and international oil companies, as well as legislative developments that increase the flow of oil and gas value to the state. Here we analyse some of the dynamics giving rise to economic nationalism within a model of a state capacity and the ability to implement policy and extract value. Our analysis is based on the institutional and economic functioning of the oil and gas sector. We analyse a vector of institutions and examine Production Sharing Agreements and National Oil Companies. (author)

  10. IMPORTANCE OF MAKING STRATEGIC DECISIONS IN COUNTRIES IN TRANSITION AND CONNECTION WITH THE ENVIRONMENT AND SUSTAINABLE ECONOMY GENERALLY SPEAKING

    Directory of Open Access Journals (Sweden)

    SLOBODAN POPOVIĆ

    2016-04-01

    Full Text Available The accession of a number of transition countries of the EU, such as the Republic of Serbia, essentially means the adoption of strategic decisions at the state level in the context of wider EU decision. The authors based their observations on the EU 2020 strategy, which is essentially defined as: smart, sustainable and inclusive growth. The EU has adopted the basic principles of 2010, with the main objective to economic growth throughout the EU based on knowledge, but with respect for the principles of environmental protection, increasing employment, and increase in other basic principles of economics of the company to the state. You could say that the entire system such observations cohesion productivity growth economies of EU member states and social cohesion and socially responsible behavior. This approach was incurred because there is a need of constant adjustment economies member changes at the global level. Notwithstanding the universal adaptation of all EU member states, however, one part remained reserved for a special adjustment of each member country (it depends on the specific characteristics of each country to adapt in accordance with national goals adopted by any government of a Member State specifically for your country, through national development plans, plans of adjustment and reform plans. The consequences of the Great Depression are highly visible and in early 2016, particularly in terms of rising unemployment, rising unemployment especially of young people in all old EU member states. The responsibility for this state of affairs is not only the governments of member states, but responsibility must be sought from the representatives of big business, trade unions, associations, non-governmental organizations and all other stakeholders who have imposed in the decision-making processes, and in a crisis to minimize its impact, because it does not response. At the end of the aforementioned macro effects should be seen in the

  11. The evolution of bank credit quality in transition : theory and evidence from Romania

    NARCIS (Netherlands)

    Perotti, E.C.; Carare, O.

    1996-01-01

    The paper develops a simple theoretical framework of financial discipline during the stabilization of a transition economy, from which it derives an empirical measure to assess whether the banking sector has started to act as a source of financial discipline, or just as a temporary buffer for

  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. Integrating the dark side of competition into explanations of business failures: Evidence from a developing economy

    OpenAIRE

    Amankwah-Amoah, J.; Antwi-Agyei, Issek; Zhang, Hongxu

    2017-01-01

    In spite of the growing body of literature on the bright side of inter-firm relationships, limited attention has been paid to the dark side of inter-firm relationships. Using insights of serial entrepreneurs in a developing economy, we articulate the mechanisms through which adverse rumours and misinformation perpetrated by rivals' firms undermine small businesses and lead to decline and eventual collapse. We uncovered that the rumours were made more potent when combined with other factors su...

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

    OpenAIRE

    Deskar-Škrbić, Milan; Šimović, Hrvoje; Ćorić, Tomislav

    2013-01-01

    In this paper we use structural VAR model to analyze dynamic effects of fiscal shocks on economic activity in Croatia from 2000Q1-2012Q2. Due to the fact that Croatia is a small open economy we assume that shocks of foreign origination can have notable effects on its performance. Therefore, original Blanchard-Perotti (2002) model is extended by introducing variables that represent external (foreign) demand shocks. The results show that the government spending has a positive and statistically ...

  17. Of energy and the economy. Theory and evidence of their functional relationships

    Energy Technology Data Exchange (ETDEWEB)

    Chang, V.

    2007-07-01

    The author of the contribution under consideration offers a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeating the whole economy, no such complete relationships had been presented before. The relevant questions are: (a) How related are energy and the economy? (b) What role does energy play in the economic growth? Under this aspect, the author theorizes the role of energy and then tests it with economic models, using data from 16 OECD countries from 1980 to 2001. The main results are the following: (a) Energy is a cross-country representative good whose prices are equalized when converted to a reference currency. Thus, energy prices satisfy the purchasing power parity. For all but one country, the half life of the real exchange rate is less than a year and as low as six months, shorter than those derived by other real exchange rate measures; (b) Considering energy a cross-time representative good, a country's utility function is inversely proportional to both its income share of energy and its energy price. The author obtains an explicit, unified two-dimensional (cross countries and time) production function with energy and non-energy as the two inputs; (c) The author concludes a cross-country parity relationship for income shares of energy, similar to that for energy prices. Furthermore, the author provides an intertemporal connection between the trajectory of the income share of energy and the productivity growth of the economy; (d) The author demonstrates the tradeoffs between energy efficiency and economic wellbeing, with the energy price being the medium of the tradeoffs.

  18. Long-run sectoral development time series evidence for the German economy

    OpenAIRE

    Dietrich, Andreas; Krüger, Jens J.

    2008-01-01

    In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of employment and value added. We reconsider the verbal theoretical work of Fourastié and build a simple model encompassing its main features, most notably the macroeconomic influences on the sectoral develop...

  19. Survey evidence on the willingness of U.S. consumers to pay for automotive fuel economy

    International Nuclear Information System (INIS)

    Greene, David L.; Evans, David H.; Hiestand, John

    2013-01-01

    Prospect theory holds that human beings faced with a risky bet will tend to value potential losses about twice as much as potential gains. Previous research has demonstrated that prospect theory could be sufficient to explain an energy paradox in the market for automotive fuel economy. This paper analyzes data from questions added to four commercial, multi-client surveys of 1000 U.S. households each in 2004, 2011, 2012 and 2013. Households were asked about willingness to pay for future fuel savings as well as the annual fuel savings necessary to justify a given upfront payment. Payback periods inferred from household responses are generally consistent over time and across different formulations of questions. Mean calculated payback periods are about 3 years, but there is substantial dispersion among individual responses. The calculated payback periods do not appear to be correlated with the attributes of respondents. Respondents were able to quantitatively describe their uncertainty about both vehicle fuel economy and future fuel prices. Simulation of loss averse behavior based on respondents’ stated uncertainty illustrates how loss aversion could lead consumers to substantially undervalue future fuel savings relative to their expected value. - Highlights: • Payback periods were calculated from stated willingness to pay for fuel savings in 4 US surveys. • US car buyers expect payback in 3 years in order to pay more for increased fuel economy. • Respondents’ payback periods are uncorrelated with their socio-economic attributes. • Survey respondents consider fuel economy ratings and future fuel prices highly uncertain. • The survey results are consistent with the behavioral economic principle of loss aversion

  20. Why is the wage share falling in emerging economies? Industry level evidence

    OpenAIRE

    Guschanski, Alexander; Onaran, Özlem

    2017-01-01

    This article presents an econometric analysis of the wage share in seven emerging economies. We focus on the effect of globalisation, captured by participation in global value chains and financial integration, indicators of bargaining power of labour and technological change on the wage share. We use input-output tables that allow us to obtain detailed measures of global value chain participation, and sectoral data to distinguish the effect on high- and low-skilled workers and within manufact...

  1. Does energy-price regulation benefit China's economy and environment? Evidence from energy-price distortions

    International Nuclear Information System (INIS)

    Ju, Keyi; Su, Bin; Zhou, Dequn; Wu, Junmin

    2017-01-01

    China's energy prices have long been regulated due to the critical role energy plays in economic growth and social development, which leads to energy-price distortion to some extent. To figure out whether energy-price regulations will benefit China's economy (measured by GDP growth) and environment (measured by carbon emissions), we conducted an in-depth simulation using path analysis, where five energy products (natural gas, gasoline, fuel oil, steam coal, and coking coal) are selected and three measurements (absolute, relative, and moving) of energy-price distortions are calculated. The results indicate that, with a series of energy pricing policies, the price distortion for a single type of energy has gradually transformed, while the energy pricing system in China is not fully market-oriented yet. Furthermore, China's economy benefits from relative and moving distortions, while the absolute distortions of energy prices have negative impacts on economic growth. Finally, with regard to the environment, carbon emissions call for fewer distortions. - Highlights: • Price distortion for a single type of energy has gradually transformed. • Energy pricing system in China is not yet fully market-oriented. • China's economy benefits from relative and moving distortions. • Absolute distortions of energy prices have negative effects on economic growth. • Carbon emissions call for less pricing distortions.

  2. The role of confidence in the evolution of the Spanish economy: empirical evidence from an ARDL model

    Directory of Open Access Journals (Sweden)

    Pablo Castellanos García

    2014-12-01

    Full Text Available The aim of this paper is to verify the existence and to determine the nature of long-term relationships between economic agents’ confidence, measured by the Economic Sentiment Index (ESI, with some of the "fundamentals" of the Spanish economy. In particular, by modeling this type of relations, we try to determine whether confidence is a dependent (explained or independent (explanatory variable. Along with confidence, in our model we incorporate variables such as risk premium of sovereign debt, financial market volatility, unemployment, inflation, public and private debt and the net lending/net borrowing of the economy. For the purpose of obtaining some empirical evidence on the exogenous or endogenous character of the above mentioned variables an ARDL (Autoregressive-Distributed Lag model is formulated. The model is estimated with quarterly data of the Spanish economy for the period 1990-2012. Our findings suggest that: (a unemployment is the dependent variable, (b there is an inverse relationship between ESI in Spain and unemployment; and (c the Granger causality goes from confidence to unemployment.

  3. Transitioning towards a low-carbon economy in Mexico: an application of the ThreeME model

    International Nuclear Information System (INIS)

    Gastelum Rivera, Dennis; Gutierrez Garcia, Jorge; Hernandez Amezcua, Thalia; Inclan Acevedo, Carolina; Islas Cortes, Ivan; Landa, Gissela; Reynes, Frederic; Grazi, Fabio; Bellocq, Francois-Xavier

    2015-11-01

    This document offers an empirical application of the notion of energy transition to the Mexican economy and it takes the next step of simulating medium- and long-term impacts of proposed and future energy and fiscal policy on the environment and the Mexican economy. The starting point of the analysis is the ThreeME framework, a Multi-sectoral Macroeconomic Model based on Keynesian theory. It is designed to address the dynamics of global economic activity, energy system development and carbon emissions causing climate change. The ThreeME model is well-suited for policy assessment purposes in the context of developing economies as it informs the transitional effects of policy intervention. In particular, disequilibrium can arise in the form of involuntary unemployment, the inertia of technical systems and rigidity in labor and energy markets as a result of delayed market clearing in the goods markets and slow adjustment between prices and quantities over the simulation time path. Calibrated to updated sectoral and aggregated national accounts data, a Mexican version of the ThreeME has been developed and accounts for 24 commodities - including 3 energy sources - and 32 sectors, with an explicit distinction between 11 energy sectors and 7 transport sectors. Electricity production is dis-aggregated into 9 technologies: hydro, geothermal, wind, solar, biomass, nuclear, coal-based, oil-based and gas-based. The ThreeME-Mexico model is used to gauge the economic and environmental effects of energy and fiscal policy measures in Mexico (namely the phasing-out of energy subsidies and the implementation of a carbon tax). Different policy scenarios are assessed, each reflecting a different strategy of fiscal revenue recycling. We consider fiscal policy (in the form of carbon taxation) for Mexico's energy transition and simulate how alternative government schemes for transferring tax revenues impact the Mexican economy and its carbon emissions. The level of the carbon tax is

  4. 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. 74 (2007), s. 1-23 ISSN N Institutional research plan: CEZ:AV0Z70850503 Keywords : foreign direct investment * spillovers * transition * efficiency Subject RIV: AH - Economics http://hdl.handle.net/2027.42/61183

  5. Pollution taxes as a source of budgetary revenues in economies in transition

    International Nuclear Information System (INIS)

    Zylicz, T.

    1995-01-01

    In environmental policy, as in other fields, the best is often the enemy of the good. Poland's pollution tax system, as described in this chapter is an example of this dictum. In violation of the usual tenets of public economics (Pigovian taxes, no earmarking), the country imposes a wide variety of pollution taxes (at lower than Pigovian levels) whose revenues feed various environmental funds that finance abatement, conservation projects, and the clean-up of past environmental neglect. The earmarking mechanism shields the revenues from being diverted to other 'worthy' purposes. Although the funds have not brought about an ecological miracle, the pollution tax system has become an effective mechanism for funding environmental investment and ecological recovery - despite some doubts as to the system's efficiency. The system accounts for some 1.6% of the state budget, too little to entertain the idea of making it a source of general budgetary revenue and substantially reducing the traditional distortionary taxes on labor and capital. For the time being, the case for continuing the present arrangements, although not perfect, seems self-evident. 11 refs

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

    OpenAIRE

    Rutilio Martinez; Vish Iyer

    2011-01-01

    The variables of Fishers Equation of Exchange were estimated as rates of growth for the economies of Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. These estimations suggest that between 1995 and 2007 for Brazil, and between 1991 and 2007 for the other nations, some inflation failed to materialize. In per-year terms, the missing inflation went from a minimum of 0.9 percentage points in Colombia and Chile, to a maximum of 7.5 percentage points in Venezuela. The missing inflati...

  7. 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)

  8. Retinopathy of prematurity: postmenstrual age at threshold in a transitional economy is similar to that in developed countries.

    Science.gov (United States)

    Carden, Susan Mary; Luu, Lan Ngoc; Nguyen, Tinh Xuan; Huynh, Tess; Good, William Vance

    2008-03-01

    To analyse the timing of threshold disease in infants requiring treatment for retinopathy of prematurity in a transitional economy. Retrospective, observational, cohort study. National Hospital of Paediatrics, Hanoi, Vietnam. Premature infants in the Neonatal ward requiring laser treatment for threshold retinopathy of prematurity. Chronological age and postmenstrual age at treatment. From January 2002 to November 2004, 42 infants from the National Hospital of Paediatrics required laser surgery for threshold retinopathy of prematurity. The mean +/- standard deviation (SD) of birth weight was 1369 +/- 184 g (range 1000-1700); the mean +/- SD of gestation at birth was 30 +/- 1.8 weeks (range 27-34); and the mean +/- SD of postmenstrual age at which treatment occurred in these infants was 36.2 +/- 2.5 weeks (range 31.4-42). A further 58 infants were transferred from other hospitals for laser surgery between January 2004 and October 2004. The mean +/- SD of birth weight was 1325.5 +/- 237.2 g (range 800-1900); the mean +/- SD of gestation at birth was 30 +/- 1.7 weeks (range 28-35); and the mean +/- SD of postmenstrual age at which treatment was given in these infants was 36.3 +/- 2.3 weeks (range 32.71-44.3). Despite the relative maturity of the gestation of these infants compared with infants in developed countries who develop severe retinopathy of prematurity, the timing of treatment for threshold disease appears to be related to postmenstrual age.

  9. How community-level social and economic developments have changed the patterns of substance use in a transition economy?

    Science.gov (United States)

    Yang, Xiaozhao Y

    2017-07-01

    Most social changes take place at the community level before indirectly affecting individuals. Although the contextual effect is far-reaching, few studies have investigated the important questions of: how do community-level developments affect drinking and smoking, and how do they change the existing gender and income patterns of drinking and smoking, particularly in transition economies? In this study, I used a Chinese panel dataset between 1991 and 2011 to reveal the moderating effects of community developments. Through multilevel growth curve modeling that controls for age, period, and cohort effects, as well as individual- and community-level covariates, I found that community-level economic development and social development are negatively associated with drinking and smoking. Moreover, economic and social developments also moderate the important influences of income and gender: women start to drink more in communities with higher economic development; the traditionally positive association between income and smoking/drinking is also reversed, i.e. the rich start to smoke and drink less in communities with higher social development. This study concludes that the rapid changes in communal social and economic structures have created new health disparities based on the gender and socioeconomic hierarchy. Copyright © 2017 Elsevier Ltd. All rights reserved.

  10. A multicriterial analysis of national competitiveness: Evidences for a resilient economy

    Directory of Open Access Journals (Sweden)

    Sima Violeta

    2017-01-01

    Full Text Available This article is structured in three parts, as follows: In the first part, we summarized the different approaches of national competitiveness in the literature on the economic performance assessment, using specific indexes: Global Competitiveness Index (GCI, Ecological Performance Index (EPI, and Human Development Index (HDI, highlighting their advantages and limitations. These variables were analyzed ante-crisis and ex-crisis, assuming that the economic recession could generate some effects. Data sources are presented at the beginning of the 'Results and discussion' paragraph. Considering the diversity of the issues and the inhomogeneity of data describing those issues, GDP was used along with the four composite indicators: GCI, EPI, HDI, and Economic Resilience Index (ERI. The third part presents the main findings and their implications. Thus, a downward trend of the evolution of Romania's economic resilience index during 2008-2014 was observed. This decline appears to be due largely to the decrease in Social development sub-index and in Governance sub-index. The low level of the Romanian economy resilience is mainly explained by the low level of competitiveness and productivity of production factors. The obtained outcomes suggest that in addition to national competitiveness assessing, ERI evaluation is important because it can reveal the hidden sources of vulnerability of the economy to external shocks.

  11. Performance Effects of Stakeholder Interaction in Emerging Economies: Evidence from Brazil

    Directory of Open Access Journals (Sweden)

    Rodrigo Bandeira-de-Mello

    2011-07-01

    Full Text Available Firm survival in emerging economies is often related to having access to valuable resources that are in stakeholders‟ hands. However, the literature on strategy in emerging economies provides scant information on the efficiency of acquiring stakeholder resources and its effect on firm performance. We investigated the stakeholder interaction effects on performance of domestic firms competing in an emerging market (Wright, Filatotchev, Hoskisson, & Peng, 2005 from a contractual perspective (Williamson, 1985. We argue that interacting stakeholders in a contractual set yield synergistic governance structures that allow firms more efficient access to external resources. Using a sample of 267 firms in Brazil (secondary data, we explored different patterns in stakeholder contracting with community, government, top management, and employees. A three-stage analysis process was devised: cluster analysis, general linear model estimation and verification tests. Results suggest that stakeholder interaction has a positive impact on firm performance. The conjoint effect of government and community contracts was found to yield superior firm performance as they provide a basic structure for contracting with other interacting stakeholders.

  12. From Closed to Open Innovation in Emerging Economies: Evidence from the Chemical Industry in Brazil

    Directory of Open Access Journals (Sweden)

    Elisa Thomas

    2018-03-01

    Full Text Available In this article, we examine how firms in an emerging economy perform research and development (R&D activities in regards to the concept of open innovation. Most literature on open innovation shows multinational knowledge-intensive firms with well-established R&D processes mainly in developed countries. Searching for management contributions for firms in emerging economies, we qualitatively analyzed two chemical firms in Southern Brazil that have different profiles and are representative samples of typical firms in the region. Our results show that firms did not fully exploit the potential benefits brought by open innovation, even when complete opening was not the main goal. The firms were similar concerning interactions with partners and stages where relationships occur. The generation of ideas was an open activity performed both by firms and by clients, and interactions with universities were getting stronger. On the other hand, intellectual property has not been used as means of profiting from innovation activities. Our main finding refers to the internal mediation of relationships with partners. R&D teams rarely contact external organizations directly; instead, they leave such interactions to other departments within their firms. Relationships with clients are mediated through technical and commercial departments, and interactions with suppliers are intermediated by the supply staff.

  13. The political economy of reforms: Empirical evidence from post- communist transition in the 1990s

    OpenAIRE

    Byung-Yeon Kim; Jukka Pirttilä

    2003-01-01

    Using a novel data set from post-communist countries in the 1990s, this paper examines linkages between political constraints, economic reforms and growth. A dynamic panel analysis suggests public support for reform is negatively associated with income inequality and unemployment. Both the ex post and ex ante political constraints of public support affect progress in economic reform, which in turn influences economic growth. The findings highlight that while economic reforms are needed to fos...

  14. Certification as viable quality assurance mechanism in transition economies: evidence, theory, and open questions

    Czech Academy of Sciences Publication Activity Database

    Ortmann, A.; Svítková, Katarína

    2007-01-01

    Roč. 16, č. 2 (2007), s. 99-114 ISSN 1210-0455 Institutional research plan: CEZ:AV0Z70850503 Keywords : experience goods * quality assurance * certification Subject RIV: AH - Economics http://www.vse.cz/pep/abstrakt.php3?IDcl=300

  15. Certification as viable quality assurance mechanism in transition economies: evidence, theory, and open questions

    Czech Academy of Sciences Publication Activity Database

    Ortmann, Andreas; Svítková, K.

    2007-01-01

    Roč. 16, č. 2 (2007), s. 99-114 ISSN 1210-0455 Institutional research plan: CEZ:MSM0021620846 Keywords : experience goods * quality assurance * certification Subject RIV: AH - Economics http://www.vse.cz/pep/abstrakt.php3?IDcl=300

  16. The Effects of Internationalization on Innovation: Firm-Level Evidence for Transition Economies

    NARCIS (Netherlands)

    Martijn Boermans; Hein Roelfsema

    2012-01-01

    It is well-documented that international enterprises are more productive. Only few studies have explored the effect of internationalization on productivity and innovation at the firm-level. Using propensity score matching we analyze the causal effects of internationalization on innovation in 10

  17. Pro-poor Growth during Exceptional Growth. Evidence from a Transition Economy

    Directory of Open Access Journals (Sweden)

    Paolo Verme

    2006-06-01

    Full Text Available The paper uses a range of methods to assess changes in income, poverty and income distribution between 2001 and 2002 in Kazakhstan. It is found that outstanding GDP growth has been translated into very modest growth in mean household income. However, both income poverty and inequality have decreased significantly and growth has been 'pro-poor', which is explained by changes in inequality accounting for almost all the changes in poverty. The elasticity of poverty with respect to both growth and inequality is also found to be high. These findings suggest that GDP changes can be, at times, disjoint from household income performance and that, when this happens, income redistribution can still play a key role for poverty reduction. Yet a much greater reduction in poverty would have occurred if mean income would also have risen. Hence, the distribution of GDP growth among factors of production and the distribution of income among households are the cornerstones of poverty reduction rather than GDP growth alone.

  18. Investment, wages and ownership during the transition to a market economy: evidence from Slovenian firms

    Czech Academy of Sciences Publication Activity Database

    Prašnikar, J.; Švejnar, Jan

    -, č. 4144 (2003), s. 1-52 ISSN 0265-8003 Institutional research plan: CEZ:AV0Z7085904 Keywords : investment * ownership * restructuring and wages Subject RIV: AH - Economics www.cepr.org/pubs/dps/DP4144.asp

  19. Does better environmental performance affect revenues, cost, or both? Evidence from a transition economy

    Czech Academy of Sciences Publication Activity Database

    Earnhart, D.; Lízal, Lubomír

    -, č. 856 (2007), s. 1-44 Keywords : environmental protection * pollution * financial performance Subject RIV: AH - Economics http://www.bus.umich.edu/KresgeLibrary/Collections/Workingpapers/wdi/wp856.pdf

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

    Science.gov (United States)

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

    2015-01-01

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

  1. 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. 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.

  3. IMPACT OF INFLATION ON PER CAPITA INCOME IN EMERGING ECONOMIES: EVIDENCE FROM BRICS NATIONS

    Directory of Open Access Journals (Sweden)

    Khalid Ashraf CHISTI

    2015-12-01

    Full Text Available In this paper an attempt has been made to analyse the impact of Inflation on per capita income of emerging economies. In order to achieve the objective of the study the researchers have taken five major emerging countries of the world which are the members of BRICS. For the purpose of analysis, the data of thirteen years has been taken from 1999 to 2011. After employing the regression model, the results confirm that independent variable (inflation does not statistically influence the dependent variable (Per Capita Income in three countries which are India, Brazil and South Africa. However, in the other two countries (China and Russia the findings affirm the independent variable (Inflation does statistically influence the dependent variable (Per Capita Income.Therefore, it can be concluded that a change in the inflation rate can not necessarily bring a change in the per capita income of a country.

  4. Growth and energy nexus in Europe revisited: Evidence from a fixed effects political economy model

    International Nuclear Information System (INIS)

    Menegaki, Angeliki N.; Ozturk, Ilhan

    2013-01-01

    This is an empirical study on the causal relationship between economic growth and energy for 26 European countries in a multivariate panel framework over the period 1975–2009 using a two-way fixed effects model and including greenhouse gas emissions, capital, fossil energy consumption, Herfindahl index (political competition) and number of years the government chief executive stays in office (political stability) as independent variables in the model. Empirical results confirm bidirectional causality between growth and political stability, capital and political stability, capital and fossil energy consumption. Whether political stability favors the implementation of growth or leads to corruption demands further research. - Highlights: • Economic growth and energy for 26 European countries is examined. • Two-way fixed effects model with political economy variables is employed. • Bidirectional causality is observed between growth and political stability

  5. Towards the Theory of monetary degradation, or Post Keynesian analysis of monetary problems of the Russian transitional economy in 1991-1998

    OpenAIRE

    ROZMAINSKY I.V.

    2016-01-01

    The paper develops Post Keynesian theory of endogenous money and applies it to analysis of changes in monetary circulation in the Russian transitional economy in 1991-1998. These changes were characterized by displacement of bank deposits by cash, barter and inter-firm arrears as special means of payment. Author treats this process as «monetary degradation» because it created additional barriers to financing investment, made for criminalization and contributed to cost-push inflation. All this...

  6. Selection Bias in Educational Transition Models: Theory and Empirical Evidence

    DEFF Research Database (Denmark)

    Holm, Anders; Jæger, Mads

    variables. This paper, first, explains theoretically how selection on unobserved variables leads to waning coefficients and, second, illustrates empirically how selection leads to biased estimates of the effect of family background on educational transitions. Our empirical analysis using data from...

  7. Trade Liberalization, Economic Growth, Energy Consumption and the Environment: Time Series Evidence from G-20 Economies

    Directory of Open Access Journals (Sweden)

    Jungho Baek

    2011-03-01

    Full Text Available This study examines the dynamic interrelationships between trade, income growth, energy consumption and CO2 emissions for G-20 economies in a framework of cointegrated vector autoregression (CVAR. Johansen's maximum likelihood procedure is used to estimate the coefficients of the cointegrated VAR. The results show that trade and income growth have a favorable effect on environmental quality for the developed G-20 member countries, while they have an adverse effect on the environment for the developing member countries. We also find that energy con- sumption tends to worsen environmental quality for both the developed and developing countries. Finally, it is found that trade and income to emission and energy causality holds for the developed countries; changes in degree of trade openness and income growth lead to corresponding changes in the rates of growth in emission and energy consumption. Emission and energy to trade and income causality, on the other hand, is found to hold for the developing countries; any shocks in emission and energy consumption cause corresponding fluctuations in income growth and trade openness.

  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. 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.

  10. Nuclides Economy

    International Nuclear Information System (INIS)

    Ivanov, Evgeny; Subbotin, Stanislav

    2007-01-01

    consideration should be prognosis of all political, social, environmental and infra-structural consequences. Understanding of this necessity turned us to use the formalism of so called techno-dynamics and represent of resources needed for nuclear technology development as dynamic categories. The basic ideas of the methodology of innovative project assessment have been applied for holistic analysis of the development of the nuclear systems. This methodology has been developed for innovative proposals analysis in frame of IAEA INPRO project and it was a consensus product of the wide international expert's society discussions. All aspects of application of radioactivity in the industry and medicine had not been presented because the main ideas are quite evident but scale factor of their using has too big uncertainties. But cyclic character of organizing fuel management for the future development of nuclear technologies was added by cycles of structure materials as well. It has obtained that asymptotically the nuclear technology generates their specific compositions of structure materials. Thus wide scale using of the nuclear power will make new kind of metals that will be materials of nuclear quality. Development of new technologies and their penetration on the market will be accompanied by the several kinds of critical events. Crisis of resource's supplying is only most well known of them. But it is not both the single and not the most important. The model of corporation development made on Marshall's theory unambiguously demonstrates that transition from one technology to another can be made only in conditions of falling of the market. This result does not allow us to predict of time of the optimal transition from one technology basis onto the nets generation but it gives an indicator of readiness for changing of the mainstream. For the analysis of new innovative initiative it has been used the scale factor. Thus it shows that required installed capacity of G.N.E.P. systems will

  11. NAIRU estimates in a transitional economy with an extremely high unemployment rate: The case of the Republic of Macedonia

    Directory of Open Access Journals (Sweden)

    Trpeski Predrag

    2015-01-01

    Full Text Available The main goal of the paper is to estimate the NAIRU for the Macedonian economy and to discuss the applicability of this indicator. The paper provides time-varying estimates for the period 1998-2012, which are obtained using the Ball and Mankiw (2002 approach, supplemented with the iterative procedure proposed by Ball (2009. The results reveal that the Macedonian NAIRU has ahumpshaped path. The estimation is based on both the LFS unemployment rate and the LFS unemployment rate corrected for employment in the grey economy. The dynamics of the estimated NAIRU stress the ability of the NAIRU to present the cyclical misbalances in a national economy.

  12. 15 signals evidence the energy transition is underway

    International Nuclear Information System (INIS)

    2016-09-01

    World leaders approved a universal climate agreement in Paris last year, drawing a line in the sand for the transformation of the world's energy system into a clean and sustainable form. Signs that a global energy transition is happening are everywhere to be seen: in the growth of renewables, the rise of city-level climate actions, the stagnation of CO 2 emissions and in companies who are committing to science based targets as the foundation of their climate actions, to name just a few. We felt it important to highlight 15 key signs or 'signals' of the energy transition, to help raise awareness that the transition to a new, sustainable, equitable, just and fair global energy system has irrevocably begun. What is needed now is to accelerate the transition and scale it up to have a chance of keeping global temperature rise to well below 2 deg. C, trying for 1.5 deg. C, as countries committed to in the Paris Agreement just eight months ago. Global meetings such as the G20 meeting taking place in China on 4-5 September; and the next UN climate talks starting in Marrakech on 7 November gives opportunity to all stakeholders to say how and what they can contribute to accelerating the transition. Ending fossil fuel subsidies, supporting the deployment of renewables and energy efficiency, increasing green finance and putting a just price on carbon are just some of the actions that can be taken right now to put pace into the transition. As 2016 heads into the record books as likely the hottest year ever recorded in history, it is a reminder that we have precious little time left to act to keep global temperatures well below 2 deg. C. We have the Paris Agreement to guide our way. Now we need to implement it. Now is the time for action

  13. International gas union - WOC 10. Report of study group 10.2 ''gas and the transitional economies countries'' 1997-2000

    Energy Technology Data Exchange (ETDEWEB)

    Guerrin, Y.

    2000-07-01

    What should and can be done in any given sector, such as energy, is conditioned by the overall economic and social situation. For most transition countries, the road to reform since 1989 has been very difficult. The economic and social costs of transition have been high. Declines in economic output and unemployment have been severe. In other words, the process of transformation has severely taxed countries economically, socially and politically. The hyper-inflation, the economic turndown and the disequilibria in state budgets that followed the collapse of the centralized planning system during the initial phases of the transition process - during the early 1990's - compelled governments to give priority to macro-stabilisation policies. Consequently, less attention, by necessity, could be given to reforming the energy sector in order to promote objectives such as energy security, economic efficiency and environmental protection. As well, progress in reforming the energy sector has lagged behind reforms in other sectors of the economy because of the very significant economic and social consequences of reforms in this sector. Energy costs represent a significant proportion of household expenditures. Therefore, governments have had to weigh the economic and social implications of reforms, such as higher energy prices, notably on households but also on certain sectors of industry. Since the beginning of the 1990's the road to reform in central and eastern Europe has been rather difficult. Nevertheless despite the many problems, there have been real, tangible achievements in moving towards a market economy as well as in the establishment of democratic institutions in most transition countries. Moreover in most of them the private sector contribution to GDP now exceeds 50%. Unfortunately the economic transition is in some respects still incomplete and aggregate output levels are still below those of 1989. For transition countries as a whole, industrial

  14. Labor supply after transition: evidence from the Czech Republic

    Czech Academy of Sciences Publication Activity Database

    Bičáková, Alena; Slačálek, J.; Slavík, M.

    2011-01-01

    Roč. 61, č. 4 (2011), s. 327-347 ISSN 0015-1920 Institutional research plan: CEZ:AV0Z70850503 Keywords : labor supply * transition * welfare system Subject RIV: AH - Economics Impact factor: 0.346, year: 2011 http://journal.fsv.cuni.cz/ storage /1217_str_327_347_-_slacalek.pdf

  15. Labor supply after transition: evidence from the Czech Republic

    Czech Academy of Sciences Publication Activity Database

    Bičáková, Alena; Slačálek, J.; Slavík, M.

    -, č. 887 (2008), s. 1-36 ISSN 1725-2806 Institutional research plan: CEZ:AV0Z70850503 Keywords : labor supply * transition * welfare system Subject RIV: AH - Economics http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp887.pdf

  16. The Political Economy of International Emission Trading Scheme Choice: Empirical Evidence

    DEFF Research Database (Denmark)

    Boom, J.T.; Svendsen, Gert Tinggaard

    2000-01-01

    The Kyoto Protocol allows emissions trading. It does however not specify how this is to take place and the discussion on the design of an emissions trading scheme is ongoing. In this paper, we give some empirical evidence on the preference of industry and environmental organizations for internati...... for international emissions trading scheme. Since they may have an influence on decision makers, their opinion is important. Our conclusion is that both industry and environmental organizations prefer credit trading, although for widely different reasons....

  17. Changing Workplaces in the Knowledge-Based Economy -- Evidence from Micro Data

    OpenAIRE

    Spitz-Oener, Alexandra

    2004-01-01

    This thesis includes four essays on various aspects of how workplaces have been changing in recent decades, all being characterized by the shift towards knowledge-based activities in production and the extensive spread of information and communication technologies at the workplace. The content of Chapter 1 is twofold. It includes a descriptive analysis that establishes the stylized facts about trends in occupational skill requirements in West Germany since 1979. It then provides evidence on t...

  18. The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries

    OpenAIRE

    Degryse, Hans; Lambert, Thomas; Schwienbacher, Armin

    2013-01-01

    Abstract: Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty and financial returns from stock markets. Our panel data evidence covering 1830-1999 shows that tighter restrictions on the voting franchise induce a greater stock market development, whereas...

  19. Knowledge Based Economy Assessment

    OpenAIRE

    Madalina Cristina Tocan

    2012-01-01

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

  20. 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.

  1. Hotel website performance: evidence from a transition country

    OpenAIRE

    Ljudevit Pranić; Daniela Garbin Praničević; Josip Arnerić

    2014-01-01

    The Purpose – An evaluation of 197 hotel websites in Croatia was conducted to determine whether hotels in this economically lagging transition country exploit the potentials of the Internet as a marketing tool. Design/Methodology/Approach – A team of 30 trained assistants evaluated the websites using an amended modified Balanced Scorecard (mBSC) approach from the user-friendliness, site attractiveness, marketing effectiveness, and F&B informativeness perspectives. MANOVA was used to test m...

  2. Further evidence of a liquid-liquid transition in interfacial water

    International Nuclear Information System (INIS)

    Zanotti, J-M; Bellissent-Funel, M C; Chen, S-H; Kolesnikov, A I

    2006-01-01

    In a previous paper we combined calorimetric, diffraction and high-resolution quasi-elastic neutron scattering data to show that after exhibiting a glass transition at 165 K, interfacial water experiences a first order liquid-liquid transition at 240 K from a low-density to a high-density liquid. Here we present further evidence of these transitions obtained by high-energy inelastic neutron scattering

  3. The Transiting System GJ1214: High-Precision Defocused Transit Observations and a Search for Evidence of Transit Timing Variation

    DEFF Research Database (Denmark)

    Harpsøe, Kennet Bomann West; Hardis, S.; Hinse, T. C.

    2012-01-01

    Aims: We present 11 high-precision photometric transit observations of the transiting super-Earth planet GJ1214b. Combining these data with observations from other authors, we investigate the ephemeris for possible signs of transit timing variations (TTVs) using a Bayesian approach. Methods......: The observations were obtained using telescope-defocusing techniques, and achieve a high precision with random errors in the photometry as low as 1mmag per point. To investigate the possibility of TTVs in the light curve, we calculate the overall probability of a TTV signal using Bayesian methods. Results...

  4. Political economy. On the endogeneity of political preferences: evidence from individual experience with democracy.

    Science.gov (United States)

    Fuchs-Schündeln, Nicola; Schündeln, Matthias

    2015-03-06

    Democracies depend on the support of the general population, but little is known about the determinants of this support. We investigated whether support for democracy increases with the length of time spent under the system and whether preferences are thus affected by the political system. Relying on 380,000 individual-level observations from 104 countries over the years 1994 to 2013, and exploiting individual-level variation within a country and a given year in the length of time spent under democracy, we find evidence that political preferences are endogenous. For new democracies, our findings imply that popular support needs time to develop. For example, the effect of around 8.5 more years of democratic experience corresponds to the difference in support for democracy between primary and secondary education. Copyright © 2015, American Association for the Advancement of Science.

  5. The lending channel and budget balance: empirical evidences from Central and Eastern European economies

    Directory of Open Access Journals (Sweden)

    Bogdan-Gabriel MOINESCU

    2013-03-01

    Full Text Available The study aims to deepen the analysis on the indirect dependence of government budget balance on private sector credit flow in the countries of Central and Eastern Europe. The added value of this approach consists of two elements. First, the analysis suggests developing the traditional analytical framework of assessing risks to public finance stability by including second round effects of negative fiscal impulses on credit to private sector during recession periods. Second, the study provides empirical evidence on the importance of economic growth transmission channel for the impact of credit accelerator effects on primary deficit. At the same time, nonperforming loans channel proved to be insignificant, especially in relation to the persistency of last year’s budget deficit and the effects of budget allocations pro-cyclicality. However, loan portfolio quality seems to be more relevant in the case of public debt service, through its influence on the evolution of the yield on long-term government securities that is closely related to sovereign risk premium. Nevertheless, strengthening the financial safety net by the introduction of resolution funds will most probably break the link investors saw between credit portfolio quality and the impending increase in budget spending. This expected development across not only CEE countries, but at the EU level also, will facilitate the isolation of sovereign risk premium from non-performing loans’ dynamics.

  6. The health financing transition: a conceptual framework and empirical evidence.

    Science.gov (United States)

    Fan, Victoria Y; Savedoff, William D

    2014-03-01

    Almost every country exhibits two important health financing trends: health spending per person rises and the share of out-of-pocket spending on health services declines. We describe these trends as a "health financing transition" to provide a conceptual framework for understanding health markets and public policy. Using data over 1995-2009 from 126 countries, we examine the various explanations for changes in health spending and its composition with regressions in levels and first differences. We estimate that the income elasticity of health spending is about 0.7, consistent with recent comparable studies. Our analysis also shows a significant trend in health spending - rising about 1 per cent annually - which is associated with a combination of changing technology and medical practices, cost pressures and institutions that finance and manage healthcare. The out-of-pocket share of total health spending is not related to income, but is influenced by a country's capacity to raise general revenues. These results support the existence of a health financing transition and characterize how public policy influences these trends. Copyright © 2014 Elsevier Ltd. All rights reserved.

  7. Dynamic International Competitiveness of Transition Economies: What Do Trade Figures Tell Us? The Case of Poland and the Czech Republic

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Mortensen, Kim

    2002-01-01

    This paper shows that the reform on the structures of the Polish and Czech economies has had an impressively fast effect on the numbers of different products, these countries export to Western countries. The time path may well be described by a logistic curve. The change in the exports of these c......This paper shows that the reform on the structures of the Polish and Czech economies has had an impressively fast effect on the numbers of different products, these countries export to Western countries. The time path may well be described by a logistic curve. The change in the exports...

  8. Measuring Armenia's progress on the Tobacco Control Scale: an evaluation of tobacco control in an economy in transition, 2005–2009

    Science.gov (United States)

    Movsisyan, Narine K; Connolly, Gregory N

    2014-01-01

    Objectives This study aimed to measure the 5-year progress in the implementation of WHO Framework Convention on Tobacco Control (FCTC) in Armenia by applying the Tobacco Control Scale, a rapid assessment tool developed to assess the strength of tobacco control policies in Europe. Setting Armenia, an economy in transition, has extreme smoking rates among men (62.5%) despite acceding to FCTC in 2004. However, little research has been carried out to evaluate Armenia's progress in tobacco control. Methods The Tobacco Control Scale total score was estimated for Armenia using the original methodology; however, a different source of data was used in estimating the subscores on tobacco price and tobacco control spending. Results Armenia's total score on Tobacco Control Scale has considerably improved from 2005 to 2009, mostly due to larger health warnings and advertising ban, and increased public spending on tobacco control. The scores for smoke-free public places, advertising ban, health warnings and treatment categories were below the European average in 2005 and 2007, while the price score was higher. Neither total tobacco control score nor any of its components showed a significant predictive value in a simple regression analysis using the total score and subscores as predictors for log-transformed per capita tobacco consumption. Conclusions Higher than the European average price score for Armenia cannot be explained by the concept of affordability alone and may reflect a measurement error due to peculiarities of transition economies. The applicability of the Tobacco Control Scale could be limited to countries with mature economies, but not to transition countries such as Armenia with different social, political and economic environment. The scale modification, such as an adjustment for the policy enforcement and the effectiveness of public tobacco control spending along with alternative measures of affordability would be warranted to enhance its applicability in low

  9. Measuring Armenia's progress on the Tobacco Control Scale: an evaluation of tobacco control in an economy in transition, 2005-2009.

    Science.gov (United States)

    Movsisyan, Narine K; Connolly, Gregory N

    2014-02-27

    This study aimed to measure the 5-year progress in the implementation of WHO Framework Convention on Tobacco Control (FCTC) in Armenia by applying the Tobacco Control Scale, a rapid assessment tool developed to assess the strength of tobacco control policies in Europe. Armenia, an economy in transition, has extreme smoking rates among men (62.5%) despite acceding to FCTC in 2004. However, little research has been carried out to evaluate Armenia's progress in tobacco control. The Tobacco Control Scale total score was estimated for Armenia using the original methodology; however, a different source of data was used in estimating the subscores on tobacco price and tobacco control spending. Armenia's total score on Tobacco Control Scale has considerably improved from 2005 to 2009, mostly due to larger health warnings and advertising ban, and increased public spending on tobacco control. The scores for smoke-free public places, advertising ban, health warnings and treatment categories were below the European average in 2005 and 2007, while the price score was higher. Neither total tobacco control score nor any of its components showed a significant predictive value in a simple regression analysis using the total score and subscores as predictors for log-transformed per capita tobacco consumption. Higher than the European average price score for Armenia cannot be explained by the concept of affordability alone and may reflect a measurement error due to peculiarities of transition economies. The applicability of the Tobacco Control Scale could be limited to countries with mature economies, but not to transition countries such as Armenia with different social, political and economic environment. The scale modification, such as an adjustment for the policy enforcement and the effectiveness of public tobacco control spending along with alternative measures of affordability would be warranted to enhance its applicability in low-income and middle-income countries.

  10. The political economy of redistribution in the U.S. in the aftermath of World War II and the delayed impacts of the Great Depression - Evidence and theory

    NARCIS (Netherlands)

    Beetsma, R.; Cukierman, A.; Giuliodori, M.

    2009-01-01

    The paper presents evidence of an upward ratchet in transfers and taxes in the U.S. around World-War II. This finding is explained within a political-economy framework involving an executive who sets defense spending and the median voter in the population who interacts with a (richer) agenda setter

  11. The political economy of redistribution in the US in the aftermath of World War II and the delayed impacts of the Great Depression: evidence and theory

    NARCIS (Netherlands)

    Beetsma, R.M.W.J.; Cukierman, A.; Giuliodori, M.

    2012-01-01

    The paper presents evidence of an substantial upward ratchet in transfers and taxes in the U.S. around World-War II. This finding is explained within a political-economy framework involving an executive who sets defense spending and the median voter in the population who interacts with a (richer)

  12. Tax Expenditures--Shedding Light on Government Spending through the Tax System : Lessons from Developed and Transition Economies

    OpenAIRE

    Polackova Brixi, Hana; Valenduc, Christian M.A.; Swift, Zhicheng Li

    2004-01-01

    Recently developing countries have focused attention on the usefulness of tax expenditures' in shaping prudent and transparent fiscal policy. In adopting a market economy, developing countries commonly use tax expenditures as major fiscal policy instruments. However, with limited theoretical understanding of, and ad hoc experience with, applying tax expenditures, developing countries now c...

  13. Challenges in the transition to a circular economy: understanding the web of constraints to more efficient resource use

    NARCIS (Netherlands)

    Dijk, Marc; Kemp, René; Corvers, Ron; de Kraker, Joop; Kemp, Rene; Martens, Pim

    2016-01-01

    The concept of the circular economy has attracted the attention of policy makers and businesses in recent years. However, changing the current patterns of resource use, waste, and emissions is complex, since they involve causes, effects, and other interlinkages between economic, environmental,

  14. The seven challenges for transitioning into a bio-based circular economy in the agri-food sector

    NARCIS (Netherlands)

    Borrello, Massimiliano; Lombardi, Alessia; Pascucci, Stefano; Cembalo, Luigi

    2016-01-01

    Background: Closed-loop agri-food supply chains have a high potential to reduce environmental and economic costs resulting from food waste disposal. This paper illustrates an alternative to the traditional supply chain of bread based on the principles of a circular economy. Methods: Six circular

  15. 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.)

  16. STELLAR EVIDENCE THAT THE SOLAR DYNAMO MAY BE IN TRANSITION

    International Nuclear Information System (INIS)

    Metcalfe, Travis S.; Egeland, Ricky; Van Saders, Jennifer

    2016-01-01

    Precise photometry from the Kepler space telescope allows not only the measurement of rotation in solar-type field stars, but also the determination of reliable masses and ages from asteroseismology. These critical data have recently provided the first opportunity to calibrate rotation–age relations for stars older than the Sun. The evolutionary picture that emerges is surprising: beyond middle-age the efficiency of magnetic braking is dramatically reduced, implying a fundamental change in angular momentum loss beyond a critical Rossby number (Ro ∼ 2). We compile published chromospheric activity measurements for the sample of Kepler asteroseismic targets that were used to establish the new rotation–age relations. We use these data along with a sample of well-characterized solar analogs from the Mount Wilson HK survey to develop a qualitative scenario connecting the evolution of chromospheric activity to a fundamental shift in the character of differential rotation. We conclude that the Sun may be in a transitional evolutionary phase, and that its magnetic cycle might represent a special case of stellar dynamo theory.

  17. STELLAR EVIDENCE THAT THE SOLAR DYNAMO MAY BE IN TRANSITION

    Energy Technology Data Exchange (ETDEWEB)

    Metcalfe, Travis S. [Space Science Institute, 4750 Walnut Street, Suite 205, Boulder CO 80301 (United States); Egeland, Ricky [High Altitude Observatory, National Center for Atmospheric Research, P.O. Box 3000, Boulder CO 80307 (United States); Van Saders, Jennifer [Carnegie Observatories, 813 Santa Barbara Street, Pasadena CA 91101 (United States)

    2016-07-20

    Precise photometry from the Kepler space telescope allows not only the measurement of rotation in solar-type field stars, but also the determination of reliable masses and ages from asteroseismology. These critical data have recently provided the first opportunity to calibrate rotation–age relations for stars older than the Sun. The evolutionary picture that emerges is surprising: beyond middle-age the efficiency of magnetic braking is dramatically reduced, implying a fundamental change in angular momentum loss beyond a critical Rossby number (Ro ∼ 2). We compile published chromospheric activity measurements for the sample of Kepler asteroseismic targets that were used to establish the new rotation–age relations. We use these data along with a sample of well-characterized solar analogs from the Mount Wilson HK survey to develop a qualitative scenario connecting the evolution of chromospheric activity to a fundamental shift in the character of differential rotation. We conclude that the Sun may be in a transitional evolutionary phase, and that its magnetic cycle might represent a special case of stellar dynamo theory.

  18. Processed foods and the nutrition transition: evidence from Asia.

    Science.gov (United States)

    Baker, P; Friel, S

    2014-07-01

    This paper elucidates the role of processed foods and beverages in the 'nutrition transition' underway in Asia. Processed foods tend to be high in nutrients associated with obesity and diet-related non-communicable diseases: refined sugar, salt, saturated and trans-fats. This paper identifies the most significant 'product vectors' for these nutrients and describes changes in their consumption in a selection of Asian countries. Sugar, salt and fat consumption from processed foods has plateaued in high-income countries, but has rapidly increased in the lower-middle and upper-middle-income countries. Relative to sugar and salt, fat consumption in the upper-middle- and lower-middle-income countries is converging most rapidly with that of high-income countries. Carbonated soft drinks, baked goods, and oils and fats are the most significant vectors for sugar, salt and fat respectively. At the regional level there appears to be convergence in consumption patterns of processed foods, but country-level divergences including high levels of consumption of oils and fats in Malaysia, and soft drinks in the Philippines and Thailand. This analysis suggests that more action is needed by policy-makers to prevent or mitigate processed food consumption. Comprehensive policy and regulatory approaches are most likely to be effective in achieving these goals. © 2014 The Authors. obesity reviews © 2014 World Obesity.

  19. Sustainable energy transitions in emerging economies: The formation of a palm oil biomass waste-to-energy niche in Malaysia 1990–2011

    DEFF Research Database (Denmark)

    Hansen, Ulrich Elmer; Nygaard, Ivan

    2014-01-01

    The economic development in emerging economies in Southeast Asia has significantly increased the use of fossil fuel based energy. This has severe implications for global climate change, and against this background, scholars within the sustainable transition tradition have taken an interest...... in addressing how transitions towards more sustainable development pathways in this region may be achieved. This paper contributes to the abovementioned literature by examining the conducive and limiting factors for development and proliferation of a palm oil biomass waste-to-energy niche in Malaysia during...... the period 1990–2011. Rising oil prices, strong pressure on the palm oil industry from environmental groups, and a persisting palm oil biomass waste disposal problem in Malaysia appear to have been conducive to niche proliferation, and on top of this national renewable energy policies and large-scale donor...

  20. 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

  1. A New Approach to the Economic Integration between South and North Korea: A Comparative Study with the Transition Economies in Eastern Europe

    Directory of Open Access Journals (Sweden)

    Myoung Chul Cho

    1999-06-01

    Full Text Available The purpose of this thesis is to find the enlightenment that the experience of state system transition in Eastern Europe offers to the economic integration of Korea and DPRK if leave DPRK as an independent economic area to seek its economic transition in a certain period, when the political structure breaks down. The transition policies of economic system of Eastern Europe states could be roughly divided into four types, the policies of liberalization, the policies of stabilization of the macro economy, the policies of privatization and financial reform. This thesis is trying to analyze how to use these types of polices in DPRK. According to the situation in Eastern Europe, compared to the fact that whether the speed of the transition of economic system is radical or gradual, the result of the transition of economic system depends on the condition of the preliminary stage of the transition of economic system and how consistently and ardently the states which plan to change their system promote all kinds of reform policy. The way to minimize the side-effect which the Eastern Europe suffered after the transition is to minimize the cost of the unity of Korea as much as possible. Therefore, the following policies coordination must be carried out. First, do not launch the stabilization policy mainly by restraining the aggregate demand as the Eastern Europe states. Appropriate policy adjustment should follow that. Second, the fruit of the economic reform should be distributed to the class or group which has got the acquired right. Third, appropriate income policy is needed in order to allay the controversy between economic growth and stabilization policy.

  2. The Seven Challenges for Transitioning into a Bio-based Circular Economy in the Agri-food Sector.

    Science.gov (United States)

    Borrello, Massimiliano; Lombardi, Alessia; Pascucci, Stefano; Cembalo, Luigi

    2016-01-01

    Closed-loop agri-food supply chains have a high potential to reduce environmental and economic costs resulting from food waste disposal. This paper illustrates an alternative to the traditional supply chain of bread based on the principles of a circular economy. Six circular interactions among seven actors (grain farmers, bread producers, retailers, compostable packaging manufacturers, insect breeders, livestock farmers, consumers) of the circular filière are created in order to achieve the goal of "zero waste". In the model, two radical technological innovations are considered: insects used as animal feed and polylactic acid compostable packaging. The main challenges for the implementation of the new supply chain are identified. Finally, some recent patents related to bread sustainable production, investigated in the current paper, are considered. Recommendations are given to academics and practitioners interested in the bio-based circular economy model approach for transforming agri-food supply chains.

  3. Comparative Analysis of the Relationship Between Poverty and Underground economy in the Highly developed, Transition and Developing Countries

    OpenAIRE

    Elijah, Obayelu Abiodun; Uffort, Larry

    2007-01-01

    Abstract This study was undertaken with the goal of analyzing the relationship between poverty rates and size of underground economy in the developed and developing countries and exploring whether there is a link between them. There are technical problems in linking them in that getting information from those who have undertaken underground activities are difficult. Secondary data were used to established hypothetical relationship and primary data for the empirical analysis. The results of th...

  4. Comparative Analysis of the Relationship Between Poverty and Underground economy in the Highly developed, Transition and Developing Countries

    OpenAIRE

    Elijah, Obayelu Abiodun; Uffort, Larry

    2007-01-01

    Abstract This study was undertaken with the goal of analyzing the relationship between poverty rates and size of underground economy in the developed and developing countries and exploring whether there is a link between them. There are technical problems in linking them in that getting information from those who have undertaken underground activities are difficult. Secondary data were used to established hypothetical relationship and primary data for the empirical analysis. ...

  5. Ugly Facts and Fancy Theories: Children and Youth during the Transition. Innocenti Occasional Papers Economic Policy Series, Number 47. Special Subseries: Economies in Transition.

    Science.gov (United States)

    Cornia, Giovanni Andrea

    This is a report sponsored by UNICEF on the effects of economic and political transition in Europe, particularly Eastern Europe, on young children and adolescents. The economic theories and changes in labor and markets which have characterized European transitions in the past few years have paid little attention to issues of poverty and child…

  6. The Influence of Legitimacy on a Proactive Green Orientation and Green Performance: A Study Based on Transitional Economy Scenarios in China

    Directory of Open Access Journals (Sweden)

    Baoshan Ge

    2016-12-01

    Full Text Available With environmental pollution, climate change and resource scarcity being serious global issues, green entrepreneurship is increasingly seen as an approach to simultaneously address economic performance, environmental impact and social responsibility. As green entrepreneurship needs to consider both venture performance and social responsibility, it will be subject to legitimacy constraints at the system level. Whether these legitimacy constraints are favorable to green enterprise is not yet clear from current research. Especially for transition economies, the problem of whether proactive green enterprises facing legitimacy constraints under institutional uncertainty can achieve green performance requires further study. Thus, a theoretical model to determine the relationship between green proactiveness orientation (GPO, green performance, legitimacy, and transitional economics was proposed. Based on the data from 235 new Chinese green firms, the empirical results suggest that green startups launch with a green proactiveness orientation, which enables them to acquire a green performance advantage over their competitors. Improvements in green performance is also shown to be driven by the pressure from institutional legitimacy. Better green performance can be easily achieved if green startups have a higher level of legitimacy. However, against the background of transitional economies, the increase in institutional uncertainty will damage the promotion of political legitimacy and make the enterprises that are subject to political legitimacy constraints lose their green performance. Currently, political legitimacy is no longer an impetus. However, the increase in institutional uncertainty will strengthen the promotion of commercial legitimacy and cause green-oriented startups to pursue more commercial interests. Thus, to a certain extent, it will lead to market uncertainty. The conclusion of this study not only provides guidance for startups in

  7. 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

  8. PROGRAM GOALS MANAGEMENT OF THE ENTITIES: OPPORTUNITIES AND PROSPECTS OF ADAPTATION TO CONDITIONS OF THE TRANSITIONAL ECONOMY

    Directory of Open Access Journals (Sweden)

    Vitalii A. Vernikov

    2015-01-01

    Full Text Available The subject / topic. The relevance of this study is due to the fact that the current strategic goal of Economic Development is to create conditions that will ensure high and stable economic growth of the country and its socio-economic systems. One of the most effective tools for achieving the above goal should be the process of implementation-oriented management in the social and economic systems of the national economy, as they are a key factor in increasing the competitive advantages such as cost reduction, quality improvement, development of new markets, improve the country's image. This article discusses the features of the application program and target planning to company management, is an example of implementing and using techniques "Lean Production" in one of the domestic enterprises using program-target method.The purpose / objectives. The purpose of this article is to justify the strategic priorities of sustainable economic growth and social and economic systems of the national economy.Methodology. Methodological basis of this article are the comparative and economic-statistical methods of analysis.The Results. As part of the presentation of the article the author has been found that in the current climate of uncertainty and risk for Russian business to the fore issues that previously were not so relevant: how to be built business processes; which represent the optimal organizational structure; how to create a functioning system of quality management; what must be done to reduce the unit costs of production without compromising the quality of the products; how to motivate employees to achieve their goals. All of the above it is the projection of the same problem the effective development and implementation of the planned development strategy based on Management by Objectives.Conclusions / significance. Management of enterprises in the real sector of the economy in modern conditions should be based on synergies methodological principles

  9. New Class Divisions in the New Market Economies: Evidence from the Careers of Young Adults in Post-Soviet Armenia, Azerbaijan and Georgia

    Science.gov (United States)

    Roberts, Ken; Pollock, Gary

    2009-01-01

    This paper presents evidence from the biographies of samples totaling 1,215 young adults in Armenia, Azerbaijan and Georgia, who all reached age 16 between 1986 and 1992, and whose subsequent life histories coincided with their countries' transitions from communism. The evidence is used to examine whether new classes are being created in the new…

  10. Report of working committee 10 ''gas and developing / transitional economy countries''; Rapport du comite de travail 10 ''pays gaziers en voie de developpement et en transition economique''

    Energy Technology Data Exchange (ETDEWEB)

    Hached, A.

    2000-07-01

    This report deals with the works undertaken by working committee 10 during the 1997 - 2000 Triennium. The objective set by the IGU consisted in studying the generic thema in gas markets development for the less developed countries, in the developing countries with intermediate revenue as well as in the transitional economy countries. The first study group devoted his works to the problematic analysis of natural gas in the less developed countries, those where the GNP per capita is very low and the internal markets of which are little or non dynamic. This analysis has been developed in a certain number of countries rather representative of their respective region: Angola, Cameroon and Cote d'Ivoire for sub-Saharian Africa, Bangladesh and Vietnam for Asia. The second study group analysed the changes in transitional economy countries (Baltic, countries in Central Europe and Ukraine) and their different consequences on gas industry. These countries apply gas industry reforms which are not implemented at the same rate more especially as they belong to a huge and very contrasted geographic region. The third study group devoted his works to the analysis of intensified conditions in the use of natural gas in the developing countries with intermediate revenue. He also examined the feasibility of an economic development in gas distribution networks in large cities. Two important issues focused his attention: financing and technology transfer. (author)

  11. Definite evidence of the Landau-Zener transition in nucleus-nucleus collisions

    International Nuclear Information System (INIS)

    Imanishi, B.; Oertzen, W. von; Voit, H.

    1986-05-01

    It is shown that the Landau-Zener transition mechanism due to the formation of molecular orbitals of the active neutron exists in the inelastic scattering 13 C( 12 C, 12 C) 13 C* (3.086 MeV, 1/2 + ). The evidence stems from characteristic changes of the angular distributions observed as function of the incident energy. (author)

  12. Examining Developmental Transitions in Civic Engagement across Adolescence: Evidence from a National U.S. Sample

    Science.gov (United States)

    Wray-Lake, Laura; Rote, Wendy M.; Benavides, Celina M.; Victorino, Christine

    2014-01-01

    Describing how much and what type(s) of change are evident in civic engagement across adolescence is a fundamental starting point for advancing developmental theory in the civic domain. Using five annual waves of data from a large national U.S. sample spanning 8th-12th grades, our study describes civic engagement typologies and transitions in and…

  13. Impact of regulated price adjustments on price variability in a very low inflation transition economy: Case of Armenia

    Directory of Open Access Journals (Sweden)

    Aghassi Mkrtchyan

    2005-06-01

    Full Text Available This paper examines the impact of monetary policy and administrative price adjustments on price variability in a low inflation economy characterized by relatively frequent administrative price adjustments. Fluctuations of market determined prices, prices of agricultural goods in particular, are linked to poor synchronization between administrative price changes and monetary policy. If monetary policy does not account for expected changes in administrative prices, demand for free goods shifts, causing fluctuation of prices for agricultural goods, because the supply of these goods is highly inelastic in Armenia. The findings contribute to a better understanding of agricultural price variability during 1998-2002. The impact of macroeconomic policy and structural adjustments on income distribution and rural poverty incidence are also examined. This research has immediate policy implications, since Armenia will continue to undergo major upward price adjustments of regulated prices, which may have a negative impact on income distribution unless aggregate demand management is changed.

  14. 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.

  15. Que faire? A Bioeconomy and Solar Energy Institute at Italy's Research Council in the Context of the Global Transition to the Solar Economy.

    Science.gov (United States)

    Pagliaro, Mario; Meneguzzo, Francesco

    2017-11-02

    Driven by insight for which new research and education requires new institutional organisation, and drawing on two decades of research and educational efforts, we devise the profile and activities of a new bioeconomy and solar energy institute at Italy's Research Council. We further articulate the institute's activities suggesting avenues on how to deploy sound and giving more useful research, education and policy advice in these crucial fields for making tomorrow's common development sustainable. The outcomes of the study are of general interest, because the transition to a solar economy is of intrinsic global nature and the challenges involved are similar in many countries. © 2017 Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim.

  16. The formation of boards of directors as a contingent response to environmental uncertainty – Evidence from emerging economies

    Directory of Open Access Journals (Sweden)

    John Rice

    2008-11-01

    Full Text Available This paper provides some strong support for existing literature in an under-researched context (the emerging economies of the former Soviet Union and Central and Eastern Europe. We develop and apply a model linking Board formation and environmental uncertainty, finding some partial support for our anticipated relationships in the area of Board establishment and perceived financial sector uncertainly, although no support for our anticipated relationship between governmental sector uncertainty and Board formation. research is supportive of the broad assertion that strategy in emerging economies is different and a ‘one size fits all’ (generally American approach to the questions we ask regarding strategy in emerging regions will rarely provide accurate insights for management academics and practitioners with an interest in understanding and improving management decisions in the context of emerging economies

  17. The search for co-integration between money, prices and income: Low frequency evidence from the Turkish economy

    Directory of Open Access Journals (Sweden)

    Saatçioğlu Cem

    2009-01-01

    Full Text Available In this paper, we aim to test the empirical validity of the QTM relationship for the Turkish economy. Using some contemporaneous time series estimation techniques, our estimation results reveal that stationarity characteristics of the velocities of currency in circulation and the broad money aggregate in the economy cannot be rejected through a quantity theoretical co-integrating long-term variable space. We find that there exists an about one-to-one proportionality between money and prices and money and real income, and that exogeneity of money cannot be rejected for the currency in circulation in the economy. But, the exception here comes from the broad monetary aggregate used in the QTM equation such that money seems to be endogenous as for the long-term variable space.

  18. Evidence for Abnormal H α Variability During Near-transit Observations of HD 189733 b

    International Nuclear Information System (INIS)

    Cauley, P. Wilson; Redfield, Seth; Jensen, Adam G.

    2017-01-01

    Changes in levels of stellar activity can mimic absorption signatures in transmission spectra from circumplanetary material. Thus, it is critical to understand the frequency and magnitude of these changes in order to attribute any particular signal to the circumplanetary environment. We present short-cadence, high-resolution out-of-transit H α spectra for the hot Jupiter host HD 189733 in order to establish the frequency and magnitude of intrinsic stellar variations in the H α line core. We find that changes in the line core strength similar to those observed immediately pre- and post-transit in two independent data sets are uncommon. This suggests that the observed near-transit signatures are either due to absorption of circumplanetary material or they occur preferentially in time, very near planetary transits. In either case, the evidence for abnormal H α variability is strengthened, though the short-cadence out-of-transit data do not argue for circumplanetary absorption versus stellar activity caused by a star–planet interaction. Further out-of-transit monitoring at higher signal-to-noise would be useful to more strictly constrain the frequency of the near-transit changes in the H α line core.

  19. Evidence for Abnormal H α Variability During Near-transit Observations of HD 189733 b

    Energy Technology Data Exchange (ETDEWEB)

    Cauley, P. Wilson; Redfield, Seth [Wesleyan University Astronomy Department, Van Vleck Observatory, 96 Foss Hill Drive, Middletown, CT 06459 (United States); Jensen, Adam G., E-mail: pcauley@wesleyan.edu [University of Nebraska-Kearney Department of Physics and Astronomy, 24011 11th Avenue, Kearney, NE 68849 (United States)

    2017-04-01

    Changes in levels of stellar activity can mimic absorption signatures in transmission spectra from circumplanetary material. Thus, it is critical to understand the frequency and magnitude of these changes in order to attribute any particular signal to the circumplanetary environment. We present short-cadence, high-resolution out-of-transit H α spectra for the hot Jupiter host HD 189733 in order to establish the frequency and magnitude of intrinsic stellar variations in the H α line core. We find that changes in the line core strength similar to those observed immediately pre- and post-transit in two independent data sets are uncommon. This suggests that the observed near-transit signatures are either due to absorption of circumplanetary material or they occur preferentially in time, very near planetary transits. In either case, the evidence for abnormal H α variability is strengthened, though the short-cadence out-of-transit data do not argue for circumplanetary absorption versus stellar activity caused by a star–planet interaction. Further out-of-transit monitoring at higher signal-to-noise would be useful to more strictly constrain the frequency of the near-transit changes in the H α line core.

  20. Energy indicators series: analyzing the energy-related evidence of economic transition in the Pacific Rim

    International Nuclear Information System (INIS)

    Paga, Enrique; Birol, Fatih

    1992-01-01

    In recent years, much attention has been focused upon the Asian Pacific countries as constituting an economic 'miracle' over the last two decades. Economic growth in the Pacific Rim has been higher than in any other area of the world. The rapid industrialization process and its impact on the economies of these countries, at both macro and micro levels, are discussed widely in the economic literature. Of particular interest are the fundamental structural changes these countries have experienced in their transition to industrialized economies. This instalment of the annual 'Energy indicators' series concentrates on Pacific Rim countries, namely Hong Kong, the Philippines, Singapore, South Korea, Taiwan and Thailand. Similar to other experiences, rapid economic growth in these countries has been accompanied by 'spectacular' growth in demand for energy. Therefore, this year's paper not only underlines certain trends in these six energy markets but also attempts to test the phenomenon 'threshold country', i.e., shifting from the developing to the industrialized world by using common indicators and methodologies. The analysis starts with a comparison of energy intensities. Section 2 provides an overview of the socio-economic and energy indicators of the Pacific Rim countries. Section 3 introduces a standard econometric model on the most dynamic consuming sector, namely transport. Section 4 presents the projections of consumption in this sector and discusses policy issues. Some concluding remarks in Section 6 complete the paper. (author)

  1. 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

  2. Preferential treatment in transition economy the case of state-owned enterprises in the textile and garment industry in Vietnam

    OpenAIRE

    Knutsen, Hege Merete; Nguyen, Cuong Manh

    2004-01-01

    The article examines the role and contribution of preferential treatment of state enterprises to growth in the textile and garment industry. State enterprises are still the largest single sector in the textile and garment industry in Vietnam, but are losing market shares to private Vietnamese enterprises and foreign-owned enterprises despite the benefits that they enjoy. However, in the present context of economic transition and keen competition in the global market, well-managed state enterp...

  3. Exports, government size and economic growth (Evidence from Iran as a developing oil-export based economy)

    NARCIS (Netherlands)

    S.F. Dizaji (Sajjad Faraji)

    2012-01-01

    textabstractIn this study, I investigate the short run and long run effects of government size and exports on the economic growth of Iran as a developing oil export based economy for the period of 1974 to 2008. For this purpose I use the bounds testing approach to cointegration and error correction

  4. The significance of renewable energy use for economic output and environmental protection: evidence from the Next 11 developing economies.

    Science.gov (United States)

    Paramati, Sudharshan Reddy; Sinha, Avik; Dogan, Eyup

    2017-05-01

    Increasing economic activities in developing economies raise demand for energy mainly sourced from conventional sources. The consumption of more conventional energy will have a significant negative impact on the environment. Therefore, attention of policy makers has recently shifted towards the promotion of renewable energy generation and uses across economic activities to ensure low carbon economy. Given the recent scenario, in this paper, we aim to examine the role of renewable energy consumption on the economic output and CO 2 emissions of the next fastest developing economies of the world. The study employs several robust panel econometric models by using annual data from 1990 to 2012. Empirical findings confirm the significant long-run association among the variables. Similarly, results show that renewable energy consumption positively contributes to economic output and has an adverse effect on CO 2 emissions. Given our findings, we suggest policy makers of those economies to initiate further effective policies to promote more renewable energy generation and uses across economic activities to ensure sustainable economic development.

  5. 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

  6. 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...

  7. Determinants and role of foreing direct investment in transition economies:with special look in FYR of Macedonia

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Merale Fetahu-Vehapi

    2012-06-01

    Full Text Available The aim of this paper is to provide clear insight about the determinants and role of FDI in transition country with particular reference in FYR of Macedonia. We are using a panel dataset for twenty seven - 27 transition countries over the period 1997 to 2009. Applying static and dynamic modeling, econometrics findings have driven as to dynamic models. Inthe same empirical investigations following variables have been tested: GDP of the host and source country, unit labour cost, trade inflation, legal environment, distance, dummy variables capturing the language, common border and colonizing effect. Empirical result confirms expectation of the chosen variables as well as the positive feedback effect of past FDI onto current FDI. While the negative and significant coefficient of distance indicates that FDI is determined by gravity factors, the positive relationship between FDI stock and unit labour cost is explained through the effect of the service sector on wages. In addition, countries having higher trading shares attract more FDI. Low inflation rate as well as efficient legal system should be taken as a good sign for attracting more FDI flows since it has a positive impact on foreign investors. Dummy for English language, which indicates countries where English language is official or widely spoken in that country, have less language difficulties and more FDI flows with FYR of Macedonia. At the same time, income level of the host country is found to be important determinant for foreign investors. Moreover, FDI role in FYR of Macedonia has been found as crucial in many aspects of country’s economic development and sustainability. Apart from accelerated growth, technical innovation and enterprise restructuring, FDI in this transition country gave considerable contribution to the financial potential improvement.

  8. National trajectories of carbon emissions: analysis of proposals to foster the transition to low-carbon economies

    International Nuclear Information System (INIS)

    Kinzig, A.P.; Kammen, D.M.

    1998-01-01

    In this paper we develop a framework for analyzing carbon dioxide (CO 2 ) emissions trajectories from the energy and industrial sectors of the world's nations under various policy options. A robust conclusion of our analysis is that early action by both developed and developing nations will be required to hold atmospheric CO 2 at or below doubled pre-industrial levels and incentives for renewed investments in energy-sector technologies are a required component of early action. We therefore develop and examine an international emissions regime that: (a) in the short-term 'jump starts' the political and project-implementation process by providing incentives to exploit profitable or low-cost carbon reduction opportunities; (b) in the near- and medium-term addresses the inequities resulting from historic imbalances in greenhouse-gas emissions while promoting efficient pathways for carbon reduction; and (c) in the long-term recognizes the equal rights of individuals to exploit the services of the atmosphere and pursue a reasonable standard of living in a low-carbon economy. We present and analyze a proposal to promote near-term activity in carbon reduction and energy innovation through a revitalized program of international joint implementation (JI) projects for carbon emissions reduction or carbon sequestration projects. Under our proposal, JI partner nations both receive full credit for carbon reductions that can be 'banked' and applied at a later date toward national emissions quotas in the climate convention. A finite program lifetime provides further impetus counting' of credits results in only modest additional cumulative carbon emissions relative to a similar scenario without cooperative partnerships. This 'JI banking' plan promotes critically needed scientific and institutional experience and innovation, initiates cost-effective carbon reductions, and provides vital national flexibility in meeting eventual targets. (author)

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

    OpenAIRE

    Tor Jakob Klette; Svein Erik Førre

    1995-01-01

    It is often claimed that the opportunities to create new manufacturing jobs in open, high-cost economies such as Norway, are concentrated in products which are technologically advanced and knowledge intensive. This paper examines the relationship between job creation and innovation, as measured by R&D investments, in Norwegian manufacturing. We compare job creation in plants belonging to R&D firms to plants belonging to firms without R&D. We also compare job creation in plants belonging to hi...

  10. Gasoline prices, gasoline consumption, and new-vehicle fuel economy: Evidence for a large sample of countries

    International Nuclear Information System (INIS)

    Burke, Paul J.; Nishitateno, Shuhei

    2013-01-01

    Countries differ considerably in terms of the price drivers pay for gasoline. This paper uses data for 132 countries for the period 1995–2008 to investigate the implications of these differences for the consumption of gasoline for road transport. To address the potential for simultaneity bias, we use both a country's oil reserves and the international crude oil price as instruments for a country's average gasoline pump price. We obtain estimates of the long-run price elasticity of gasoline demand of between − 0.2 and − 0.5. Using newly available data for a sub-sample of 43 countries, we also find that higher gasoline prices induce consumers to substitute to vehicles that are more fuel-efficient, with an estimated elasticity of + 0.2. Despite the small size of our elasticity estimates, there is considerable scope for low-price countries to achieve gasoline savings and vehicle fuel economy improvements via reducing gasoline subsidies and/or increasing gasoline taxes. - Highlights: ► We estimate the determinants of gasoline demand and new-vehicle fuel economy. ► Estimates are for a large sample of countries for the period 1995–2008. ► We instrument for gasoline prices using oil reserves and the world crude oil price. ► Gasoline demand and fuel economy are inelastic with respect to the gasoline price. ► Large energy efficiency gains are possible via higher gasoline prices

  11. The heterogeneous effects of urbanization and income inequality on CO2 emissions in BRICS economies: evidence from panel quantile regression.

    Science.gov (United States)

    Zhu, Huiming; Xia, Hang; Guo, Yawei; Peng, Cheng

    2018-04-12

    This paper empirically examines the effects of urbanization and income inequality on CO 2 emissions in the BRICS economies (i.e., Brazil, Russia, India, China, and South Africa) during the periods 1994-2013. The method we used is the panel quantile regression, which takes into account the unobserved individual heterogeneity and distributional heterogeneity. Our empirical results indicate that urbanization has a significant and negative impact on carbon emissions, except in the 80 th , 90 th , and 95 th quantiles. We also quantitatively investigate the direct and indirect effect of urbanization on carbon emissions, and the results show that we may underestimate urbanization's effect on carbon emissions if we ignore its indirect effect. In addition, in middle- and high-emission countries, income inequality has a significant and positive impact on carbon emissions. The results of our study indicate that in the BRICS economies, there is an inverted U-shaped environmental Kuznets curve (EKC) between the GDP per capita and carbon emissions. The conclusions of this study have important policy implications for policymakers. Policymakers should try to narrow the income gap between the rich and the poor to improve environmental quality; the BRICS economies can speed up urbanization to reduce carbon emissions, but they must improve energy efficiency and use clean energy to the greatest extent in the process.

  12. Evidence for plasma phase transition in high pressure hydrogen from ab-initio simulations

    Energy Technology Data Exchange (ETDEWEB)

    Morales, M; Pierleoni, C; Schwegler, E; Ceperley, D

    2010-02-08

    We have performed a detailed study of molecular dissociation in liquid hydrogen using both Born-Oppenheimer molecular dynamics with Density Functional Theory and Coupled Electron-Ion Monte Carlo simulations. We observe a range of densities where (dP/d{rho}){sub T} = 0 that coincides with sharp discontinuities in the electronic conductivity, which is clear evidence of the plasma phase transition for temperatures 600K {le} T {le} 1500K. Both levels of theory exhibit the transition, although Quantum Monte Carlo predicts higher transition pressures. Based on the temperature dependence of the discontinuity in the electronic conductivity, we estimate the critical point of the transition at temperatures slightly below 2000 K. We examine the influence of proton zero point motion by using Path Integral Molecular Dynamics with Density Functional Theory; the main effect is to shift the transition to lower pressures. Furthermore, we calculate the melting curve of molecular hydrogen up to pressures of 200 GPa, finding a reentrant melting line in good agreement with previous calculations. The melting line crosses the metalization line at 700 K and 220 GPa using density functional energetics and at 550 K and 290 GPa using Quantum Monte Carlo energetics.

  13. GREEN ECONOMY AND CLIMATE CHANGE PREVENTION CYCLE

    Directory of Open Access Journals (Sweden)

    Andreea CONSTANTINESCU

    2014-12-01

    Full Text Available While experts in economics place transition to green economy on two directions - reducing ecological footprint and increasing human welfare - climate change specialists warn that effects of global warming will have a much greater impact in the future. It is natural to join scientific contributions in these two areas because both perspectives recognize the ravages made by industrialization, which triggered a serie of abrupt climate changes. For example, the average temperature in Europe has increased about 1oC. Based on these evidences, this article will show the usefulness of introducing a concept of full cycle to prevent climate change in the new paradigm that seeks to solve problems related to the fundamentals of sustainable development through transition to green economy. Using this method, this approach intends to be a new theoretical contribution which can act as support to efficiency of new clean technologies.

  14. 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

  15. Influence of new environmental state policy on gas industry activities in countries of economy in transition. Case of Poland

    International Nuclear Information System (INIS)

    Steczko, K.; Rachwalski, J.; Fronski, A.

    1997-01-01

    Political and economical changes in Poland are accompanied by substantial transition of ecological policy of the state. A first sign of that policy is new law defining responsibilities of companies in minimising the environmental impacts of new investments and duties concerning waste management and disposal as well as pollutant emission reduction. These more stringent environmental rules influence force the Polish gas industry to fulfill new ecological requirements and, because of high ecological value of gas, they give it promising prospects of development. Since environmental condition improvement in Poland can not be achieved without the change in primary energy consumption structure the Gas Development Programme has been established. It assumes more than double increase in gas consumption up to 2010. Gas industry duties connected with environmental requirements have been presented and activities taken in order to meet ecological law rules have been specified for all stages of gas fuel chain from exploration to gas usage. Some measures taken to prevent environment damages have been discussed like ecological evaluation of drilling materials and wastes, elaborated strategy for water protection and Environmental Impact Assessment procedure. The problem of methane emissions from Polish gas system has also been discussed. (au)

  16. 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...

  17. 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...

  18. Lags from Money to Inflation in a Monetary Integrated Economy: Evidence from the Extreme Case of Puerto Rico

    Directory of Open Access Journals (Sweden)

    Carlos A. Rodríguez

    2007-09-01

    Full Text Available This paper examines the time-lenght of money growth's long and short run effect in affecting the rate of inflation in the context of an economy of extreme monetary integration. Money growth is measured as the rate of growth of Puerto Rico's consumer price index. By analyzing the case of Puerto Rico, we find that a dynamic expansion of money is reflected on prices immediately, but the unitary effect occurs approximately within ten quarters. In addition, the results show that local inflation is significantly influenced by its own past history and monetary policy, with the second having the greater effect.

  19. 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

  20. Sustainable energy transitions in emerging economies: The formation of a palm oil biomass waste-to-energy niche in Malaysia 1990–2011

    International Nuclear Information System (INIS)

    Hansen, Ulrich Elmer; Nygaard, Ivan

    2014-01-01

    The economic development in emerging economies in Southeast Asia has significantly increased the use of fossil fuel based energy. This has severe implications for global climate change, and against this background, scholars within the sustainable transition tradition have taken an interest in addressing how transitions towards more sustainable development pathways in this region may be achieved. This paper contributes to the abovementioned literature by examining the conducive and limiting factors for development and proliferation of a palm oil biomass waste-to-energy niche in Malaysia during the period 1990–2011. Rising oil prices, strong pressure on the palm oil industry from environmental groups, and a persisting palm oil biomass waste disposal problem in Malaysia appear to have been conducive to niche proliferation, and on top of this national renewable energy policies and large-scale donor programmes have specifically supported the utilisation of palm oil biomass waste for energy. However, in spite of this, the niche development process has only made slow progress. The paper identifies reluctant implementation of energy policy, rise in biomass resource prices, limited network formation and negative results at the niche level, as the main factors hindering niche development. - Highlights: • We examine crucial factors for developing a biomass-to-energy niche in Malaysia. • In spite of interventions for policy support the niche has only made slow progress. • Oil prices, NGO pressure, waste problems and policy support were the enabling factors. • First, reluctant implementation of energy policy was hindering niche development. • Later, low performance level of implemented plants was hindering niche development

  1. Estratégia em negócios internacionais: evidência em uma trading company que atua entre economias emergentes International business strategy: evidence from a trading company that operates in emerging economies

    Directory of Open Access Journals (Sweden)

    Karim Marini Thomé

    2013-04-01

    economias emergentes foi identificado como a capacidade da firma em gerenciar as interfaces entre os recursos e capacidades da firma, as demandas de competitividade industrial e as condições e transições institucionais. Esta capacidade possibilitou à firma estudada se sobressair à dificuldade e a explorar oportunidades de negócios em diferentes partes do globo.This case study revisits the questions raised by Peng (2004; 2003 with respect to what drives firm strategy and the determinants of success or failure in international business. Specifically, the study investigates what drives the strategy of a trading company and determines its success in international business. The theoretical framework focuses on trading companies and the triangular relationships between these companies, their clients and their suppliers and on three approaches or bases of strategy in international business, those of industrial competitiveness, firm resources and capabilities, and institutional contexts and transitions. The study, descriptive and qualitative in nature, collected data by means of in-depth interviews, document analysis and non-participant observation during the period from July, 2010 to January, 2011. The firm selected for study is a trading company conducting a large percentage of its total transactions between emerging economies. Results demonstrate that there is no single driver of this trading company strategy. Rather, there was evidence of the use of a variety of strategies, driven at times by the demands of industrial competitiveness, at times by firm resources and capabilities, and at times by institutional conditions. Each driver corresponded to a specific moment in the trajectory of the trading company studied. In addition, there was no evidence neither of a linear chronological order for these drivers, nor of driver obsolescence. On the contrary, the evidence of the study suggests that drivers are cumulative and cyclical, requiring review and even re-thinking when

  2. Monitoring urban expansion and land use/land cover changes of Shanghai metropolitan area during the transitional economy (1979-2009) in China.

    Science.gov (United States)

    Yin, Jie; Yin, Zhane; Zhong, Haidong; Xu, Shiyuan; Hu, Xiaomeng; Wang, Jun; Wu, Jianping

    2011-06-01

    This study explored the spatio-temporal dynamics and evolution of land use/cover changes and urban expansion in Shanghai metropolitan area, China, during the transitional economy period (1979-2009) using multi-temporal satellite images and geographic information systems (GIS). A maximum likelihood supervised classification algorithm was employed to extract information from four landsat images, with the post-classification change detection technique and GIS-based spatial analysis methods used to detect land-use and land-cover (LULC) changes. The overall Kappa indices of land use/cover change maps ranged from 0.79 to 0.89. Results indicated that urbanization has accelerated at an unprecedented scale and rate during the study period, leading to a considerable reduction in the area of farmland and green land. Findings further revealed that water bodies and bare land increased, obviously due to large-scale coastal development after 2000. The direction of urban expansion was along a north-south axis from 1979 to 2000, but after 2000 this growth changed to spread from both the existing urban area and along transport routes in all directions. Urban expansion and subsequent LULC changes in Shanghai have largely been driven by policy reform, population growth, and economic development. Rapid urban expansion through clearing of vegetation has led to a wide range of eco-environmental degradation.

  3. SECURITY RISKS, MYTHS IN A TRANSITIONING SUB-NATIONAL REGIONAL ECONOMY (CROSS RIVER STATE AND IMAGINATIVE GEOGRAPHIES OF NIGERIA

    Directory of Open Access Journals (Sweden)

    J. K. UKWAYI

    2015-03-01

    their unscathed security credentials/records, we argue for their subtraction from such “brown books”. Realisation of the latter requires vigorous campaigns that the “international community might be unwilling to undertake. However, we point towards sub-national regional tourism events that effectively re-map the evidences of security in the Cross River State.

  4. 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?

  5. The collaborative Economy and Tourism

    DEFF Research Database (Denmark)

    Dredge, Dianne; Gyimóthy, Szilvia

    2015-01-01

    House swapping, ridesharing, voluntourism, couchsurfing, dinner hosting and similar innovations epitomize the collaborative economy. The rise of the collaborative economy, also known as collaborative consumption, the sharing economy and peer-to-peer consumption, has been fuelled by a range of soc...... for a balanced assessment of such claims. Highlighting these claims allows us to pursue a more reflective research agenda and leads to a more informed, evidence-based assessment of the collaborative economy and tourism.......House swapping, ridesharing, voluntourism, couchsurfing, dinner hosting and similar innovations epitomize the collaborative economy. The rise of the collaborative economy, also known as collaborative consumption, the sharing economy and peer-to-peer consumption, has been fuelled by a range...... experiences; and higher levels of consumer risk-taking balanced against mechanisms such as peer-to-peer feedback designed to engender trust between producers and consumers. This paper explores and critically assesses the collaborative economy and its implications for tourism industrial systems. It achieves...

  6. 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...

  7. Patient and provider perspectives on quality and health system effectiveness in a transition economy: evidence from Ukraine.

    Science.gov (United States)

    Luck, J; Peabody, J W; DeMaria, L M; Alvarado, C S; Menon, R

    2014-08-01

    Facing a severe population health crisis due to noncommunicable diseases, Ukraine and other former Soviet republics and Eastern European countries have a pressing need for more effective health systems. Policies to enhance health system effectiveness should consider the perspectives of different stakeholder groups, including providers as well as patients. In addition, policies that directly target the quality of clinical care should be based on objective performance measures. In 2009 and 2010 we conducted a coordinated series of household and facility-level surveys to capture the perspectives of Ukrainian household members, outpatient clinic patients, and physicians regarding the country's health system overall, as well as the quality, access, and affordability of health care. We objectively measured the quality of care for heart failure and chronic obstructive pulmonary disease using CPV(®) vignettes. There was broad agreement among household respondents (79%) and physicians (95%) that Ukraine's health system should be reformed. CPV(®) results indicate that the quality of care for common noncommunicable diseases is poor in all regions of the country and in hospitals as well as polyclinics. However, perspectives about the quality of care differ, with household respondents seeing quality as a serious concern, clinic patients having more positive perceptions, and physicians not viewing quality as a reform priority. All stakeholder groups viewed affordability as a problem. These findings have several implications for policies to enhance health system effectiveness. The shared desire for health system reform among all stakeholder groups provides a basis for action in Ukraine. Improving quality, strengthening primary care, and enhancing affordability should be major goals of new health policies. Policies to improve quality directly, such as pay-for-performance, would be mutually reinforcing with purchasing reforms such as transparent payment mechanisms. Such policies would align the incentives of physicians with the desires of the population they serve. Copyright © 2014. Published by Elsevier Ltd.

  8. The effect of corporate environmental performance on financial outcomes – profits, revenues and costs: evidence from the Czech transition economy

    Czech Academy of Sciences Publication Activity Database

    Earnhart, D.; Lízal, Lubomír

    -, č. 10-15 (2010), s. 1-43. ISBN 978-87-7873-297-2 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : environmental protection * pollution * financial performance * Czech Republic Subject RIV: AH - Economics http://www3.druid.dk/wp/20100015.pdf

  9. Structural phase transitions in BaMo6S8: Evidence for an incommensurate phase

    International Nuclear Information System (INIS)

    Jorgensen, J.D.; Hinks, D.G.; Hatch, D.M.; Putnam, R.M.

    1986-01-01

    The structure of BaMo 6 S 8 has been studied over the temperature range 19 K to 573 K by time-of-flight neutron powder diffraction. Below 175 K the data can be suitably refined in a triclinic, P1, cell with volume equal to the rhombohedral, R3, cell common to most Chevrel-phase structures. At temperatures immediately above 175 K, the rhombohedral, R3, Bragg peaks are broadened by satellite reflections which appear to be identical to those recently observed at low temperature in PbMo 6 S 8 and SnMo 6 S 8 . An abrupt change in the sign of the temperature dependence of the hexagonal c axis (∂c/∂T) signals the transition to an undistorted rhombohedral, R3, structure at temperatures above about 350 K. An extended Landau theory determines both continuous and discontinuous transitions from R3 induced by a single order parameter. Analysis of the order parameters inducing commensurate transitions imposes symmetry restrictions on the atomic displacements in the lower symmetry phases. The assumption of an R3 commensurate phase is not consistent with the bond lengths obtained for the distortions to the P1 (or P1) phase for any of the possible cells preserving order parameters. Thus the phase immediately above 175 K cannot be a commensurate R3 structure. This is consistent with experimental evidence. 25 refs., 11 figs., 8 tabs

  10. Analytical evidence for the absence of spin glass transition on self-dual lattices

    International Nuclear Information System (INIS)

    Ohzeki, Masayuki; Nishimori, Hidetoshi

    2009-01-01

    We show strong evidence for the absence of a finite-temperature spin glass transition for the random-bond Ising model on self-dual lattices. The analysis is performed by an application of duality relations, which enables us to derive a precise but approximate location of the multicritical point on the Nishimori line. This method can be systematically improved to presumably give the exact result asymptotically. The duality analysis, in conjunction with the relationship between the multicritical point and the spin glass transition point for the symmetric distribution function of randomness, leads to the conclusion of the absence of a finite-temperature spin glass transition for the case of symmetric distribution. The result is applicable to the random-bond Ising model with ±J or Gaussian distribution and the Potts gauge glass on the square, triangular and hexagonal lattices as well as the random three-body Ising model on the triangular and the Union-Jack lattices and the four-dimensional random plaquette gauge model. This conclusion is exact provided that the replica method is valid and the asymptotic limit of the duality analysis yields the exact location of the multicritical point. (fast track communication)

  11. Experimental evidence of a liquid-liquid transition in interfacial water

    Science.gov (United States)

    Zanotti, J.-M.; Bellissent-Funel, M.-C.; Chen, S.-H.

    2005-07-01

    At ambient pressure, bulk liquid water shows an anomalous increase of thermodynamic quantities and apparent divergences of dynamic properties on approaching a temperature Ts of 228 K. At normal pressure, supercooled water spontaneously freezes below the homogeneous nucleation temperature, TH = 235 K. Upon heating, the two forms of Amorphous Solid Water (ASW), LDA (Low Density Amorphous Ice) and HDA (High Density Amorphous Ice), crystallise above TX = 150 K. As a consequence, up to now no experiment has been able to explore the properties of liquid water in this very interesting temperature range between 150 and 235 K. We present nanosecond-time-scale measurements of local rotational and translational dynamics of interfacial, non-crystalline, water from 77 to 280 K. These experimental dynamic results are combined with calorimetric and diffraction data to show that after exhibiting a glass transition at 165 K, interfacial water experiences a first-order liquid-liquid transition at 240 K from a low-density to a high-density liquid. This is the first direct evidence of the existence of a liquid-liquid transition involving water.

  12. The impact of CO2 emissions on economic growth: evidence from selected higher CO2 emissions economies.

    Science.gov (United States)

    Azam, Muhammad; Khan, Abdul Qayyum; Bin Abdullah, Hussin; Qureshi, Muhammad Ejaz

    2016-04-01

    The main purpose of this work is to analyze the impact of environmental degradation proxied by CO2 emissions per capita along with some other explanatory variables namely energy use, trade, and human capital on economic growth in selected higher CO2 emissions economies namely China, the USA, India, and Japan. For empirical analysis, annual data over the period spanning between 1971 and 2013 are used. After using relevant and suitable tests for checking data properties, the panel fully modified ordinary least squares (FMOLS) method is employed as an analytical technique for parameter estimation. The panel group FMOLS results reveal that almost all variables are statistically significant, whereby test rejects the null hypotheses of non cointegration, demonstrating that all variables play an important role in affecting the economic growth role across countries. Where two regressors namely CO2 emissions and energy use show significantly negative impacts on economic growth, for trade and human capital, they tend to show the significantly positive impact on economic growth. However, for the individual analysis across countries, the panel estimate suggests that CO2 emissions have a significant positive relationship with economic growth for China, Japan, and the USA, while it is found significantly negative in case of India. The empirical findings of the study suggest that appropriate and prudent policies are required in order to control pollution emerging from areas other than liquefied fuel consumption. The ultimate impact of shrinking pollution will help in supporting sustainable economic growth and maturation as well as largely improve society welfare.

  13. Silverization of China during the Ming-Qing Transition (ca. 1550-1700) and the Consequences for Research into the Babylonian Economy

    NARCIS (Netherlands)

    van Leeuwen, Bas; XU, Yi; Kleber, Kristin; Pirngruber, Reinhard

    2016-01-01

    In a recent publication, Prof. Van der Spek (2011) made an intriguing comparison between the flows of silver in the Chinese economy at the end of the Ming dynasty and in Babylonia ca. 400-60 BC. He concluded that in China the expansion of the silver economy worked positively for economic growth,

  14. EVIDENCE OF LIGHT-BENDING EFFECTS AND ITS IMPLICATION FOR SPECTRAL STATE TRANSITIONS

    International Nuclear Information System (INIS)

    Reis, R. C.; Miller, J. M.; Reynolds, M. T.; Fabian, A. C.; Walton, D. J.; Steiner, J. F.; Cackett, E.

    2013-01-01

    It has long been speculated that the nature of the hard X-ray corona may be an important second driver of black hole state transitions, in addition to the mass accretion rate through the disk. However, a clear physical picture of coronal changes has not yet emerged. We present results from a systematic analysis of Rossi X-Ray Timing Explorer observations of the stellar-mass black hole binary XTE J1650-500. All spectra with significant hard X-ray detections were fit using a self-consistent, relativistically blurred disk reflection model suited to high ionization regimes. Importantly, we find evidence that both the spectral and timing properties of black hole states may be partially driven by the height of the X-ray corona above the disk, and related changes in how gravitational light bending affects the corona-disk interaction. Specifically, the evolution of the power-law, thermal disk, and relativistically convolved reflection components in our spectral analysis indicates that: (1) the disk inner radius remains constant at r in =1.65 ± 0.08 GM/c 2 (consistent with values found for the ISCO of XTE J1650-500 in other works) throughout the transition from the brighter phases of the low-hard state to the intermediate states (both the hard-intermediate and soft-intermediate), through to the soft state and back; (2) the ratio between the observed reflected X-ray flux and power-law continuum (the 'reflection fraction', R) increases sharply at the transition between the hard-intermediate and soft-intermediate states ('ballistic' jets are sometimes launched at this transition); (3) both the frequency and coherence of the high-frequency quasi-periodic oscillations observed in XTE J1650-500 increase with R. We discuss our results in terms of black hole states and the nature of black hole accretion flows across the mass scale.

  15. 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...

  16. Unraveling the Shift to the Entrepreneurial Economy

    NARCIS (Netherlands)

    D.B. Audretsch (David); A.R. Thurik (Roy)

    2010-01-01

    textabstractA recent literature has emerged providing compelling evidence that a major shift in the organization of the developed economies has been taking place: away from what has been characterized as the managed economy towards the entrepreneurial economy. In particular, the empirical evidence

  17. 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...

  18. 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...

  19. 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."

  20. 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)

  1. TRANSIT

    Indian Academy of Sciences (India)

    First page Back Continue Last page Overview Graphics. TRANSIT. SYSTEM: DETERMINE 2D-POSITION GLOBALLY BUT INTERMITTENT (POST-FACTO). IMPROVED ACCURACY. PRINCIPLE: POLAR SATELLITES WITH INNOVATIONS OF: GRAVITY-GRADIENT ATTITUDE CONTROL; DRAG COMPENSATION. WORKS ...

  2. Constitutional Property Rights Protection and Economic Growth: Evidence from the Post-Communist Transition

    DEFF Research Database (Denmark)

    Bjørnskov, Christian

    This paper seeks to estimate the economic growth effect of constitutional provisions for property rights protection. It does so using the unique situation in formerly communist countries in Central and Eastern Europe and the Caucasus where all but two introduced new constitutions after the fall...... of the Iron Curtain. The effects of implementing different constitutional provisions can therefore be observed in a group of countries with the same formal starting point. Estimates provide no evidence of positive effects and mainly point towards a negative conclusion: the introduction of constitutional...... protection of property rights is not associated with economic development in the long run, but tends to impose costs during a period of institutional transition and implementation proportional to the constitutional change....

  3. Investigating a green economy transition of the electricity sector in the Western Cape province of South Africa: a system dynamics approach

    Directory of Open Access Journals (Sweden)

    Oosthuizen, Juan

    2016-12-01

    Full Text Available The Western Cape Government in South Africa has identified the concept of a green economy as a way to transform the Province’s economy to one that is more sustainable from an economic, social, and environmental perspective. System dynamics modelling was used to develop a better understanding of the implications of different green economy policies and investments in the electricity sector of the Western Cape Province. The results suggest that continuing on the current policy path would increase the gap between demand and supply, increase the carbon footprint of the electricity sector, and not provide growth in employment in the sector. Strategic green economy investments are therefore expected to impact positively on a number of indicators across a number of sectors.

  4. Fixed-term Contracts, Transitions and Wage Growth: Evidence from Spain

    Directory of Open Access Journals (Sweden)

    Antonio CAPARRÓS RUIZ

    2009-01-01

    Full Text Available Employment instability is considered one of the main problems ofthe Spanish labour market. Thus, the proportion of temporary workers in Spainis around 30 per cent that is the highest rate of the European Union countries.The persistence of this situation could increase the risk of labour marketsegmentation. This paper presents new evidence of the factors affectingworkers' transition from temporary work to permanent one and analyseswhether this transition has a positive effect on wage growth. The formerobjective is obtained by estimating discrete choice models and the latter byestimating a wage growth equation correcting for selectivity bias through thetwo-step method developed by Trost and Lee (1984. The data are obtainedfrom the second and third waves of the Spanish Household Panel Survey (INE1996 conducted over the period 1995–1996. The main results are, on the onehand, that personal and job characteristics have a significant influence on theprobability of becoming a permanent worker and, on the other hand, that thistransition has an important positive effect on wage growth.

  5. Charge ordering transition in GdBaCo2O5: Evidence of reentrant behavior

    Science.gov (United States)

    Allieta, M.; Scavini, M.; Lo Presti, L.; Coduri, M.; Loconte, L.; Cappelli, S.; Oliva, C.; Ghigna, P.; Pattison, P.; Scagnoli, V.

    2013-12-01

    We present a detailed study on the charge ordering transition in a GdBaCo2O5.0 system by combining high-resolution synchrotron powder/single-crystal diffraction with electron paramagnetic resonance experiments as a function of temperature. We found a second-order structural phase transition at TCO = 247 K (Pmmm to Pmma) associated with the onset of long-range charge ordering. At Tmin ≈ 1.2TCO, the electron paramagnetic resonance linewidth rapidly broadens, providing evidence of antiferromagnetic spin fluctuations. This likely indicates that, analogously to manganites, the long-range antiferromagnetic order in GdBaCo2O5.0 sets in at ≈TCO. Pair distribution function analysis of diffraction data revealed signatures of structural inhomogeneities at low temperature. By comparing the average and local bond valences, we found that above TCO the local structure is consistent with a fully random occupation of Co2+ and Co3+ in a 1:1 ratio and with a complete charge ordering below TCO. Below T ≈ 100 K the charge localization is partially melted at the local scale, suggesting a reentrant behavior of charge ordering. This result is supported by the weakening of superstructure reflections and the temperature evolution of electron paramagnetic resonance linewidth that is consistent with paramagnetic reentrant behavior reported in the GdBaCo2O5.5 parent compound.

  6. Morphological and molecular evidence for a stepwise evolutionary transition from teeth to baleen in mysticete whales.

    Science.gov (United States)

    Deméré, Thomas A; McGowen, Michael R; Berta, Annalisa; Gatesy, John

    2008-02-01

    The origin of baleen in mysticete whales represents a major transition in the phylogenetic history of Cetacea. This key specialization, a keratinous sieve that enables filter-feeding, permitted exploitation of a new ecological niche and heralded the evolution of modern baleen-bearing whales, the largest animals on Earth. To date, all formally described mysticete fossils conform to two types: toothed species from Oligocene-age rocks ( approximately 24 to 34 million years old) and toothless species that presumably utilized baleen to feed (Recent to approximately 30 million years old). Here, we show that several Oligocene toothed mysticetes have nutrient foramina and associated sulci on the lateral portions of their palates, homologous structures in extant mysticetes house vessels that nourish baleen. The simultaneous occurrence of teeth and nutrient foramina implies that both teeth and baleen were present in these early mysticetes. Phylogenetic analyses of a supermatrix that includes extinct taxa and new data for 11 nuclear genes consistently resolve relationships at the base of Mysticeti. The combined data set of 27,340 characters supports a stepwise transition from a toothed ancestor, to a mosaic intermediate with both teeth and baleen, to modern baleen whales that lack an adult dentition but retain developmental and genetic evidence of their ancestral toothed heritage. Comparative sequence data for ENAM (enamelin) and AMBN (ameloblastin) indicate that enamel-specific loci are present in Mysticeti but have degraded to pseudogenes in this group. The dramatic transformation in mysticete feeding anatomy documents an apparently rare, stepwise mode of evolution in which a composite phenotype bridged the gap between primitive and derived morphologies; a combination of fossil and molecular evidence provides a multifaceted record of this macroevolutionary pattern.

  7. Policies for Resource Efficient and Effective Solutions : A review of concepts, current policy landscape and future policy considerations for the transition to a Circular Economy

    OpenAIRE

    Milios, Leonidas

    2016-01-01

    This report presents basic concepts around resources, resource efficiency and the Circular Economy. The limitations and the opportunities within the Circular Economy are identified and clearly presented. The current policy landscape in the EU as well as in Sweden is thoroughly analysed and a set of policy areas with a significant untapped potential for resource efficiency is identified. The policy areas which have been underutilised so far include policies for re-use, repair and remanufacturi...

  8. Corruption, public finances, and the unofficial economy

    OpenAIRE

    Johnson, Simon; Kaufmann, Daniel; Zoido-Lobaton, Pablo

    1999-01-01

    The authors found that, in post-communist economies, the unofficial economy's share of GDP is determined by the extent of control rights held by bureaucrats and politicians. Exploring in detail the role of taxation and bribery, and using data from an expanded data set of 49 Latin American, OECD, and transition economies, the authors find that the unofficial economy accounts for a larger share of GDP where there is great bureaucratic inefficiency and discretion, and where firms experience a gr...

  9. Gender differences in predictors of self-rated health in Armenia: a population-based study of an economy in transition.

    Science.gov (United States)

    Demirchyan, Anahit; Petrosyan, Varduhi; Thompson, Michael E

    2012-11-14

    Self-rated health is a widely used health outcome measure that strongly correlates with physical and mental health status and predicts mortality. This study identified the set of predictors of fair/poor self-rated health in adult female and male populations of Armenia during a period of long-lasting socio-economic transition to a market economy. Differences in self-rated health were analyzed along three dimensions: socioeconomic, behavioral/attitudinal, and psychosocial. The study utilized data from a 2006 nationwide household health survey that used a multi-stage probability proportional to size cluster sampling with a combination of interviewer-administered and self-administered surveys. Both female and male representatives of a household aged 18 and over completed the self-administered survey. Multivariate odds ratios (OR) for fair/poor self-rated health were calculated for different sets of variables and logistic regression models fitted separately for women and men to identify the determinants of fair/poor self-rated health. Overall, 2310 women and 462 men participated in the survey. The rate of fair/poor self-rated health was 61.8% among women and 59.7% among men. For women, the set of independent predictors of fair/poor self-rated health included age, unemployment, poverty, low affordability of healthcare, depression, and weak social support. For men, the set included age, lower education, depression, weak social support, and drinking alcohol less than once a week. For both genders, depression and weak social support demonstrated the strongest independent association with fair/poor self-rated health. The prevalence of fair/poor self-rated health was similar among men and women in this study, but the sets of independent predictors of perceived health differed somewhat, possibly, reflecting lifestyle differences between men and women in Armenia. Nevertheless, psychosocial variables were the strongest predictors of fair/poor self-rated health for both genders

  10. Gender differences in predictors of self-rated health in Armenia: a population-based study of an economy in transition

    Directory of Open Access Journals (Sweden)

    Demirchyan Anahit

    2012-11-01

    Full Text Available Abstract Introduction Self-rated health is a widely used health outcome measure that strongly correlates with physical and mental health status and predicts mortality. This study identified the set of predictors of fair/poor self-rated health in adult female and male populations of Armenia during a period of long-lasting socio-economic transition to a market economy. Methods Differences in self-rated health were analyzed along three dimensions: socioeconomic, behavioral/attitudinal, and psychosocial. The study utilized data from a 2006 nationwide household health survey that used a multi-stage probability proportional to size cluster sampling with a combination of interviewer-administered and self-administered surveys. Both female and male representatives of a household aged 18 and over completed the self-administered survey. Multivariate odds ratios (OR for fair/poor self-rated health were calculated for different sets of variables and logistic regression models fitted separately for women and men to identify the determinants of fair/poor self-rated health. Results Overall, 2310 women and 462 men participated in the survey. The rate of fair/poor self-rated health was 61.8% among women and 59.7% among men. For women, the set of independent predictors of fair/poor self-rated health included age, unemployment, poverty, low affordability of healthcare, depression, and weak social support. For men, the set included age, lower education, depression, weak social support, and drinking alcohol less than once a week. For both genders, depression and weak social support demonstrated the strongest independent association with fair/poor self-rated health. Conclusions The prevalence of fair/poor self-rated health was similar among men and women in this study, but the sets of independent predictors of perceived health differed somewhat, possibly, reflecting lifestyle differences between men and women in Armenia. Nevertheless, psychosocial variables were the

  11. Evidence and future scenarios of a low-carbon energy transition in Central America: a case study in Nicaragua

    Science.gov (United States)

    Barido, Diego Ponce de Leon; Johnston, Josiah; Moncada, Maria V.; Callaway, Duncan; Kammen, Daniel M.

    2015-10-01

    The global carbon emissions budget over the next decades depends critically on the choices made by fast-growing emerging economies. Few studies exist, however, that develop country-specific energy system integration insights that can inform emerging economies in this decision-making process. High spatial- and temporal-resolution power system planning is central to evaluating decarbonization scenarios, but obtaining the required data and models can be cost prohibitive, especially for researchers in low, lower-middle income economies. Here, we use Nicaragua as a case study to highlight the importance of high-resolution open access data and modeling platforms to evaluate fuel-switching strategies and their resulting cost of power under realistic technology, policy, and cost scenarios (2014-2030). Our results suggest that Nicaragua could cost-effectively achieve a low-carbon grid (≥80%, based on non-large hydro renewable energy generation) by 2030 while also pursuing multiple development objectives. Regional cooperation (balancing) enables the highest wind and solar generation (18% and 3% by 2030, respectively), at the least cost (US127 MWh-1). Potentially risky resources (geothermal and hydropower) raise system costs but do not significantly hinder decarbonization. Oil price sensitivity scenarios suggest renewable energy to be a more cost-effective long-term investment than fuel oil, even under the assumption of prevailing cheap oil prices. Nicaragua’s options illustrate the opportunities and challenges of power system decarbonization for emerging economies, and the key role that open access data and modeling platforms can play in helping develop low-carbon transition pathways.

  12. Environmental, behavioral, and psychological predictors of transit ridership: Evidence from a community intervention

    Science.gov (United States)

    Brown, Barbara B.; Werner, Carol M.; Smith, Ken R.; Tribby, Calvin P.; Miller, Harvey J.; Jensen, Wyatt A.; Tharp, Doug

    2016-01-01

    Understanding who takes advantage of new transit (public transportation) interventions is important for personal and environmental health. We examine transit ridership for residents living near a new light rail construction as part of “complete street,” pedestrian-friendly improvements. Adult residents (n=536) completed surveys and wore accelerometer and GPS units that tracked ridership before and after new transit service started. Transit riders were more physically active. Those from environments rated as more walkable were likely to be continuing transit riders. Place attachment, but not perceived physical incivilities on the path to transit, was associated with those who continued to ride or became new riders of transit. This effect was mediated through pro-city attitudes, which emphasize how the new service makes residents eager to explore areas around transit. Thus, place attachment, along with physical and health conditions, may be important predictors and promoters of transit use. PMID:27672237

  13. Revaluing donor and recipient bodies in the globalised blood economy: transitions in public policy on blood safety in the United Kingdom.

    Science.gov (United States)

    Busby, Helen; Kent, Julie; Farrell, Anne-Maree

    2014-01-01

    The clinical use of blood has a long history, but its apparent stability belies the complexity of contemporary practices in this field. In this article, we explore how the production, supply and deployment of blood products are socially mediated, drawing on theoretical perspectives from recent work on 'tissue economies'. We highlight the ways in which safety threats in the form of infections that might be transmitted through blood and plasma impact on this tissue economy and how these have led to a revaluation of donor bodies and restructuring of blood economies. Specifically, we consider these themes in relation to the management of recent threats to blood safety in the United Kingdom. We show that the tension between securing the supply of blood and its products and ensuring its safety may give rise to ethical concerns and reshape relations between donor and recipient bodies.

  14. 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.

  15. Essential evidence for guiding health system priorities and policies: anticipating epidemiological transition in Africa.

    Science.gov (United States)

    Byass, Peter; de Savigny, Don; Lopez, Alan D

    2014-01-01

    Despite indications that infection-related mortality in sub-Saharan Africa may be decreasing and the burden of non-communicable diseases increasing, the overwhelming reality is that health information systems across most of sub-Saharan Africa remain too weak to track epidemiological transition in a meaningful and effective way. We propose a minimum dataset as the basis of a functional health information system in countries where health information is lacking. This would involve continuous monitoring of cause-specific mortality through routine civil registration, regular documentation of exposure to leading risk factors, and monitoring effective coverage of key preventive and curative interventions in the health sector. Consideration must be given as to how these minimum data requirements can be effectively integrated within national health information systems, what methods and tools are needed, and ensuring that ethical and political issues are addressed. A more strategic approach to health information systems in sub-Saharan African countries, along these lines, is essential if epidemiological changes are to be tracked effectively for the benefit of local health planners and policy makers. African countries have a unique opportunity to capitalize on modern information and communications technology in order to achieve this. Methodological standards need to be established and political momentum fostered so that the African continent's health status can be reliably tracked. This will greatly strengthen the evidence base for health policies and facilitate the effective delivery of services.

  16. Essential evidence for guiding health system priorities and policies: anticipating epidemiological transition in Africa

    Directory of Open Access Journals (Sweden)

    Peter Byass

    2014-05-01

    Full Text Available Background: Despite indications that infection-related mortality in sub-Saharan Africa may be decreasing and the burden of non-communicable diseases increasing, the overwhelming reality is that health information systems across most of sub-Saharan Africa remain too weak to track epidemiological transition in a meaningful and effective way. Proposals: We propose a minimum dataset as the basis of a functional health information system in countries where health information is lacking. This would involve continuous monitoring of cause-specific mortality through routine civil registration, regular documentation of exposure to leading risk factors, and monitoring effective coverage of key preventive and curative interventions in the health sector. Consideration must be given as to how these minimum data requirements can be effectively integrated within national health information systems, what methods and tools are needed, and ensuring that ethical and political issues are addressed. A more strategic approach to health information systems in sub-Saharan African countries, along these lines, is essential if epidemiological changes are to be tracked effectively for the benefit of local health planners and policy makers. Conclusion: African countries have a unique opportunity to capitalize on modern information and communications technology in order to achieve this. Methodological standards need to be established and political momentum fostered so that the African continent's health status can be reliably tracked. This will greatly strengthen the evidence base for health policies and facilitate the effective delivery of services.

  17. Observational Evidence of Magnetic Reconnection for Brightenings and Transition Region Arcades in IRIS Observations

    Energy Technology Data Exchange (ETDEWEB)

    Zhao, Jie; Li, Hui; Feng, Li [Key Laboratory of Dark Matter and Space Astronomy, Purple Mountain Observatory, CAS, Nanjing 210008 (China); Schmieder, Brigitte; Pariat, Etienne [LESIA, Observatoire de Paris, Section de Meudon, F-92195, Meudon Principal Cedex (France); Zhu, Xiaoshuai [Key Laboratory of Solar Activity, National Astronomical Observatories, Chinese Academy of Sciences, Beijing 100012 (China); Grubecka, Michalina, E-mail: nj.lihui@pmo.ac.cn [Astronomical Institute, University of Wrocław, Kopernika 11, 51-622, Wrocław (Poland)

    2017-02-10

    By using a new method of forced-field extrapolation, we study the emerging flux region AR11850 observed by the Interface Region Imaging Spectrograph and Solar Dynamical Observatory . Our results suggest that the bright points (BPs) in this emerging region exhibit responses in lines formed from the upper photosphere to the transition region, which have relatively similar morphologies. They have an oscillation of several minutes according to the Atmospheric Imaging Assembly data at 1600 and 1700 Å. The ratio between the BP intensities measured in 1600 and 1700 Å filtergrams reveals that these BPs are heated differently. Our analysis of the Helioseismic and Magnetic Imager vector magnetic field and the corresponding topology in AR11850 indicates that the BPs are located at the polarity inversion line and most of them are related to magnetic reconnection or cancelation. The heating of the BPs might be different due to different magnetic topology. We find that the heating due to the magnetic cancelation would be stronger than the case of bald patch reconnection. The plasma density rather than the magnetic field strength could play a dominant role in this process. Based on physical conditions in the lower atmosphere, our forced-field extrapolation shows consistent results between the bright arcades visible in slit-jaw image 1400 Å and the extrapolated field lines that pass through the bald patches. It provides reliable observational evidence for testing the mechanism of magnetic reconnection for the BPs and arcades in the emerging flux region, as proposed in simulation studies.

  18. First Clear-Cut Experimental Evidence of a Glass Transition in a Polymer with Intrinsic Microporosity: PIM-1.

    Science.gov (United States)

    Yin, Huajie; Chua, Yeong Zen; Yang, Bin; Schick, Christoph; Harrison, Wayne J; Budd, Peter M; Böhning, Martin; Schönhals, Andreas

    2018-04-19

    Polymers with intrinsic microporosity (PIMs) represent a novel, innovative class of materials with great potential in various applications from high-performance gas-separation membranes to electronic devices. Here, for the first time, for PIM-1, as the archetypal PIM, fast scanning calorimetry provides definitive evidence of a glass transition ( T g = 715 K, heating rate 3 × 10 4 K/s) by decoupling the time scales responsible for glass transition and decomposition. Because the rigid molecular structure of PIM-1 prevents any conformational changes, small-scale bend and flex fluctuations must be considered the origin of its glass transition. This result has strong implications for the fundamental understanding of the glass transition and for the physical aging of PIMs and other complex polymers, both topical problems of materials science.

  19. Green Skills for Green Economy: Case of the Environmental Education Role in Kazakhstan's Economy

    Science.gov (United States)

    Dlimbetova, Gaini; Zhylbaev, Zhanbol; Syrymbetova, Lyailya; ?liyeva, Aiman

    2016-01-01

    The research on situation with developing "green skills" in conditions of transition to "green economy" is analysed in this article. Kazakhstan like many other states has been going through transition to "green economy" since 2013. Economic reforms have made an impact on the system of environmental education. The…

  20. 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.

  1. FDI from Emerging Economies in EU27

    DEFF Research Database (Denmark)

    Jindra, Björn

    This paper scrutinizes FDI from a wide range of emerging economies (including newly industrializing Asian countries, Latin American countries and East European transition economies) that adopted different growth models in the past. The overarching research question of this paper is to which...... the integration of firms from different emerging economies via FDI into the global economy is linked to technological upgrading. We assume that technology seeking in advanced economies should be reflected in the relevance of particular location factors such as knowledge spillover. We analyses a large firm level...

  2. Using the Life Satisfaction Approach to Value Daylight Savings Time Transitions: Evidence from Britain and Germany

    OpenAIRE

    Daniel Kuehnle; Christoph Wunder

    2015-01-01

    Daylight savings time (DST) represents a public good with costs and benefits. We provide the first comprehensive examination of the welfare effects of the spring and autumn transitions for the UK and Germany. Using individual-level data and a regression discontinuity design, we estimate the effect of the transitions on life satisfaction. Our results show that individuals in both the UK and Germany experience deteriorations in life satisfaction in the first week after the spring transition. We...

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

    Directory of Open Access Journals (Sweden)

    Suzanne Smit

    2015-11-01

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

  4. 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

  5. Evidence-based practice profiles of physiotherapists transitioning into the workforce: a study of two cohorts

    Directory of Open Access Journals (Sweden)

    McEvoy Maureen P

    2011-11-01

    Full Text Available Abstract Background Training in the five steps of evidence-based practice (EBP has been recommended for inclusion in entry-level health professional training. The effectiveness of EBP education has been explored predominantly in the medical and nursing professions and more commonly in post-graduate than entry-level students. Few studies have investigated longitudinal changes in EBP attitudes and behaviours. This study aimed to assess the changes in EBP knowledge, attitudes and behaviours in entry-level physiotherapy students transitioning into the workforce. Methods A prospective, observational, longitudinal design was used, with two cohorts. From 2008, 29 participants were tested in their final year in a physiotherapy program, and after the first and second workforce years. From 2009, 76 participants were tested in their final entry-level and first workforce years. Participants completed an Evidence-Based Practice Profile questionnaire (EBP2, which includes self-report EBP domains [Relevance, Terminology (knowledge of EBP concepts, Confidence, Practice (EBP implementation, Sympathy (disposition towards EBP]. Mixed model analysis with sequential Bonferroni adjustment was used to analyse the matched data. Effect sizes (ES (95% CI were calculated for all changes. Results Effect sizes of the changes in EBP domains were small (ES range 0.02 to 0.42. While most changes were not significant there was a consistent pattern of decline in scores for Relevance in the first workforce year (ES -0.42 to -0.29 followed by an improvement in the second year (ES +0.27. Scores in Terminology improved (ES +0.19 to +0.26 in each of the first two workforce years, while Practice scores declined (ES -0.23 to -0.19 in the first year and improved minimally in the second year (ES +0.04. Confidence scores improved during the second workforce year (ES +0.27. Scores for Sympathy showed little change. Conclusions During the first two years in the workforce, there was a

  6. TRANSIT TIMING VARIATION MEASUREMENTS OF WASP-12b AND QATAR-1b: NO EVIDENCE OF ADDITIONAL PLANETS

    Energy Technology Data Exchange (ETDEWEB)

    Collins, Karen A.; Stassun, Keivan G. [Department of Physics and Astronomy, Vanderbilt University, Nashville, TN 37235 (United States); Kielkopf, John F. [Department of Physics and Astronomy, University of Louisville, Louisville, KY 40292 (United States)

    2017-02-01

    WASP-12b and Qatar-1b are transiting hot Jupiters for which previous works have suggested the presence of transit timing variations (TTVs) indicative of additional bodies in these systems—an Earth-mass planet in WASP-12 and a brown-dwarf mass object in Qatar-1. Here, we present 23 new WASP-12b and 18 new Qatar-1b complete (or nearly complete) transit observations. We perform global system fits to all of our light curves for each system, as well as RV and stellar spectroscopic parameters from the literature. The global fits provide refined system parameters and uncertainties for each system, including precise transit center times for each transit. The transit model residuals of the combined and five minute binned light curves have an rms of 183 and 255 parts per million (ppm) for WASP-12b and Qatar-1b, respectively. Most of the WASP-12b system parameter values from this work are consistent with values from previous studies, but have ∼40%–50% smaller uncertainties. Most of the Qatar-1b system parameter values and uncertainties from this work are consistent with values recently reported in the literature. We find no convincing evidence for sinusoidal TTVs with a semi-amplitude of more than ∼35 and ∼25 s in the WASP-12b and Qatar-1b systems, respectively.

  7. Transitions to Long-Term Unemployment Risk among Young People: Evidence from Ireland

    Science.gov (United States)

    Kelly, Elish; McGuinness, Seamus; O'Connell, Philip J.

    2012-01-01

    Many young people have short spells of unemployment during their transition from school to work; however, some often get trapped in unemployment and risk becoming long-term unemployed. Much research has been undertaken on the factors that influence unemployment risk for young people during their school-to-work transition. However, very little is…

  8. Public Policies and Private Initiatives in Transition: Evidence from the Polish Dairy Sector

    NARCIS (Netherlands)

    Dries, L.K.E.; Falkowski, J.; Malak-Rawlikowska, A.; Milczarek-Andrzejewska, D.

    2011-01-01

    The drivers of institutional change in Central and Eastern Europe have changed considerably since 1989. Taking these changes into account, we identify three – partly overlapping – transition stages: public policy changes dominated the start of transition, private initiatives became crucial in a

  9. Do Urban Rail Transit Facilities Affect Housing Prices? Evidence from China

    Directory of Open Access Journals (Sweden)

    Xu Zhang

    2016-04-01

    Full Text Available Urban rail transit facilities play a critical role in citizen’s social activities (e.g., residence, work and education. Using panel data on housing prices and urban rail transit facilities for 35 Chinese cities for 2002 to 2013, this study constructs a panel data model to evaluate the effect of rail transit facilities on housing prices quantitatively. A correlation test reveals significant correlations between housing prices and rail transit facilities. Empirical results demonstrate that rail transit facilities can markedly elevate real estate prices. Quantitatively, a 1% increase in rail transit mileage improves housing prices by 0.0233%. The results highlight the importance of other factors (e.g., per capita GDP, land price, investment in real estate and population density in determining housing prices. We also assess the effects of expectations of new rail transit lines on housing prices, and the results show that expectation effects are insignificant. These findings encourage Chinese policy makers to take rail transit facilities into account in achieving sustainable development of real estate markets.

  10. Engaging Families to Support Students' Transition to High School: Evidence from the Field

    Science.gov (United States)

    Mac Iver, Martha Abele; Epstein, Joyce L.; Sheldon, Steven B.; Fonseca, Ean

    2015-01-01

    This exploratory study addresses the challenge of declining family engagement at the critical transition to high school. We use data from a survey of schools to examine whether and how middle grades and high schools engage families when their students transition to high school. Findings indicate that there is a significant negative relationship…

  11. The urban health transition hypothesis: empirical evidence of an avian influenza Kuznets curve in Vietnam?

    Science.gov (United States)

    Spencer, James Herbert

    2013-04-01

    The literature on development has focused on the concept of transition in understanding the emergent challenges facing poor but rapidly developing countries. Scholars have focused extensively on the health and urban transitions associated with this change and, in particular, its use for understanding emerging infectious diseases. However, few have developed explicit empirical measures to quantify the extent to which a transitions focus is useful for theory, policy, and practice. Using open source data on avian influenza in 2004 and 2005 and the Vietnam Census of Population and Housing, this paper introduces the Kuznets curve as a tool for empirically estimating transition and disease. Findings suggest that the Kuznets curve is a viable tool for empirically assessing the role of transitional dynamics in the emergence of new infectious diseases.

  12. 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

  13. Processes that Drove the Transition from Chemistry to Biology: Concepts and Evidence

    Science.gov (United States)

    Pohorille, Andrew

    2012-01-01

    Two properties are particularly germane to the transition from chemistry to biology. One is the emergence of complex molecules (polymers) capable of performing non-trivial functions, such as catalysis, energy transduction or transport across cell walls. The other is the ability of several functions to work in concert to provide reproductive advantage to systems hosting these functions. Biological systems exhibit these properties at remarkable levels of efficiency and accuracy in a way that appears effortless. However, dissection of these properties reveals great complexities that are involved. This opens a question: how a simple, ancestral system could have acquired the required properties? Other questions follow. What are the chances that a functional polymer emerges at random? What is the minimum structural complexity of a polymer to carry out a function at a reasonable level of efficiency? Can we identify concrete, protobiologically plausible mechanisms that yield advantageous coupling between different functions? These and similar questions are at the core of the main topic of this session: how soulless chemistry became life? Clearly, we do not have complete answers to any of these questions. However, in recent years a number of new and sometimes unexpected clues have been brought to light. Of particular interest are proteins because they are the main functional polymers in contemporary cells. The emergence of protein functions is a puzzle. It is widely accepted that a well ]defined, compact structure (fold) is a prerequisite for function. It is equally widely accepted that compact folds are rare among random amino acid polymers. Then, how did protein functionality start? According to one hypothesis well folded were preceded by their poorly folded, yet still functional ancestors. Only recently, however, experimental evidence supporting this hypothesis has been presented. In particular, a small enzyme capable of ligating two RNA fragments with the rate of 106

  14. The Circular Economy and the Leading European Retailers: A Research Note

    Directory of Open Access Journals (Sweden)

    Peter Jones

    2018-03-01

    Full Text Available The concept of the circular economy is gaining momentum in political and business thinking about the transition to a more sustainable future. EuroCommerce and the European Retail Round Table, for example, have argued that leading retailers are keen to play a leading role in shaping the circular economy within Europe. This exploratory research note outlines the characteristic features of the concept of the circular economy, provides some illustrations of how Europe’s leading retailers are publicly addressing circular economy approaches and offers some general reflections on the application of the concept within the retail sector of the economy. The findings reveal that almost 50% of the leading European retailers signalled a commitment to the circular economy and to the principles underpinning it and a number of them looked to evidence their commitment within their retail operations. That said the authors suggest that If Europe’s leading retailers’ public commitments to a more circular economy are to become a reality then they will not only need to effect a radical change in their current business models and that this will need to be accompanied by radical changes in consumers consumption behaviour. More contentiously, there must be concerns that the leading European retailers might effectively capture the concept of the circular economy to justify continuing economic growth.

  15. Che Challenges of Real and Subjective Poverty and the Growth of Inequality in the Economies of South Eastern Europe in Transition

    Directory of Open Access Journals (Sweden)

    Ivo Bićanić

    2005-03-01

    Full Text Available From the beginning it was clear that during the transformation, all aspects of economic inequality were likely to be exacerbated and that poverty was likely to emerge. This paper discusses the size and consequences of transformation-generated changes in economic inequality and poverty, both “real” and “subjective”, for future economic growth and the legitimacy of continued transformation in the Mediterranean economies in transformation (Bosnia and Herzegovina, Croatia, Macedonia, Serbia and Montenegro and Slovenia, which have been expanded to include Romania and Bulgaria. This area is referred to as the “region”.

  16. Evidence for a dynamic East Antarctic ice sheet during the mid-Miocene climate transition

    Science.gov (United States)

    Pierce, Elizabeth L.; van de Flierdt, Tina; Williams, Trevor; Hemming, Sidney R.; Cook, Carys P.; Passchier, Sandra

    2017-11-01

    The East Antarctic ice sheet underwent a major expansion during the Mid-Miocene Climate Transition, around 14 Ma, lowering sea level by ∼60 m. However, direct or indirect evidence of where changes in the ice sheet occurred is limited. Here we present new insights on timing and locations of ice sheet change from two drill sites offshore East Antarctica. IODP Site U1356, Wilkes Land, and ODP Site 1165, Prydz Bay are located adjacent to two major ice drainage areas, the Wilkes Subglacial Basin and the Lambert Graben. Ice-rafted detritus (IRD), including dropstones, was deposited in concentrations far exceeding those known in the rest of the Miocene succession at both sites between 14.1 and 13.8 Ma, indicating that large amounts of IRD-bearing icebergs were calved from independent drainage basins during this relatively short interval. At Site U1356, the IRD was delivered in distinct pulses, suggesting that the overall ice advance was punctuated by short periods of ice retreat in the Wilkes Subglacial Basin. Provenance analysis of the mid-Miocene IRD and fine-grained sediments provides additional insights on the movement of the ice margin and subglacial geology. At Site U1356, the dominant 40Ar/39Ar thermochronological age of the ice-rafted hornblende grains is 1400-1550 Ma, differing from the majority of recent IRD in the area, from which we infer an inland source area of this thermochronological age extending along the eastern part of the Adélie Craton, which forms the western side of the Wilkes Subglacial Basin. Neodymium isotopic compositions from the terrigenous fine fraction at Site U1356 imply that the ice margin periodically expanded from high ground well into the Wilkes Subglacial Basin during periods of MMCT ice growth. At Site 1165, MMCT pebble-sized IRD are sourced from both the local Lambert Graben and the distant Aurora Subglacial Basin drainage area. Together, the occurrence and provenance of the IRD and glacially-eroded sediment at these two marine

  17. Insulator–metal transition in a conservative system: An evidence for ...

    Indian Academy of Sciences (India)

    substrate, suggest that the mobility coalescence is responsible for the aging in island metal films. ... esting transition observed in a conservative system – after the stoppage of ... Oxidation of islands model and mobility coalescence model.

  18. Evidence from n=2 fine structure transitions for the production of fast excited state positronium

    International Nuclear Information System (INIS)

    Ley, R.; Niebling, K.D.; Schwarz, R.; Werth, G.

    1990-01-01

    Fine structure transitions in the first excited state of positronium (Ps) have been measured using 'Backscatter Ps' production on a Mo surface by observation of a change in the emitted Lyman-α intensity under resonant microwave irradiation. Production, fine structure transitions and Lyman-α decay of the Ps atoms took place inside a waveguide designed to transmit the microwave frequencies of 8.6, 13.0 and 18.5 GHz for the transitions from the 2 3 S 1 state to the 2 3 P J , J=2, 1, 0, states, respectively. In the presence of a magnetic field, all transitions observed show a shift to higher frequencies, compared with earlier calculations and measurements in zero magnetic field. The deviations exceed the expected Zeeman shift significantly but may be explained by assuming a motional Stark effect for Ps with kinetic energies of several eV. (author)

  19. Evidence of a low temperature dynamical transition in concentrated PNIPAM microgels

    OpenAIRE

    Zanatta, Marco; Tavagnacco, Letizia; Buratti, Elena; Bertoldo, Monica; Natali, Francesca; Chiessi, Ester; Orecchini, Andrea; Zaccarelli, Emanuela

    2018-01-01

    The occurrence of a dynamical transition at low temperature has been reported in a large number of different proteins. Here we provide the first observation of a "protein-like" dynamical transition in a non-biological aqueous environment. To this aim we exploit the popular colloidal system of poly-N-isopropylacrylamide (PNIPAM) microgels, extending their investigation to unprecedentedly high concentrations. Thanks to the heterogeneous polymeric architecture of the microgels, water crystalliza...

  20. Steering innovations towards a green economy

    NARCIS (Netherlands)

    Droste, N.; Hansjürgens, B.; Kuikman, P.; Otter, N.; Antikainen, R.; Leskinen, P.; Pitkänen, K.; Saikku, L.; Loiseau, E.; Thomsen, M.

    2016-01-01

    In this paper we analyse institutional conditions facilitating the transition towards a green economy by encouraging investment in the enhancement of natural capital and social equity, focussing especially on government interventions. Presenting a conceptual institutional model how innovation

  1. The Heterogeneity of Job Creation and Destruction in Transition and Non-transition Developing Countries: The Effects of Firm Size, Age and Ownership

    Directory of Open Access Journals (Sweden)

    Haggai Kennedy Ochieng

    2017-12-01

    Full Text Available This paper investigates how firm age, size and ownership are related with job creation and destruction, and how these patterns differ across transition and non-transition economies. The analysis finds that age is inversely related with gross job creation and net job creation in the two samples. This finding is consistent with the theory of the learning effect. The relationship between age and job destruction is indifferent in non-transition economies. On the contrary, old firms in transition economies destroy more jobs than young ones. The paper further establishes an inverse relationship between size and gross job creation in the two groups. However, there is divergence between the two samples; small firms in non-transition economies also exhibit a higher gross job destruction rate. Consequently large firms have a higher net job creation rate. In transition economies, small and large firms exhibit similar rates of job destruction. But small firms retain a higher net job creation rate. A more intriguing finding is that state owned firms do not underperform domestic private ones. This means these countries may be using soft budget constraint which allows state owned firms to overstaff. Finally, crowding out of SMEs by foreign owned firms is not evident in transition economies.

  2. A study on the impact of the quality of management education on the new economy-knowledge: Evidence from members of OIC countries

    Directory of Open Access Journals (Sweden)

    Maryam Yokhaneh

    2014-08-01

    Full Text Available This paper studies the effects of Quality of Management Education (QME at universities on knowledge creation, application and distribution in knowledge based economy(KEI. The study also investigates the influence of QME on effective use of knowledge in economic development(KI.Using some regression technique, the study has determined a positive relationship of the effects of QME on KEI and KI in members of organization of Islamic cooperation (OIC. In addition, the study investigates the position of Iran in terms of quality of management education and the level of knowledge based economy.

  3. 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)

  4. Evidence of quantum phase transition in real-space vacuum entanglement of higher derivative scalar quantum field theories.

    Science.gov (United States)

    Kumar, S Santhosh; Shankaranarayanan, S

    2017-11-17

    In a bipartite set-up, the vacuum state of a free Bosonic scalar field is entangled in real space and satisfies the area-law- entanglement entropy scales linearly with area of the boundary between the two partitions. In this work, we show that the area law is violated in two spatial dimensional model Hamiltonian having dynamical critical exponent z = 3. The model physically corresponds to next-to-next-to-next nearest neighbour coupling terms on a lattice. The result reported here is the first of its kind of violation of area law in Bosonic systems in higher dimensions and signals the evidence of a quantum phase transition. We provide evidence for quantum phase transition both numerically and analytically using quantum Information tools like entanglement spectra, quantum fidelity, and gap in the energy spectra. We identify the cause for this transition due to the accumulation of large number of angular zero modes around the critical point which catalyses the change in the ground state wave function due to the next-to-next-to-next nearest neighbor coupling. Lastly, using Hubbard-Stratanovich transformation, we show that the effective Bosonic Hamiltonian can be obtained from an interacting fermionic theory and provide possible implications for condensed matter systems.

  5. Do medium heavy fragments give evidence for a liquid-gas phase transition

    International Nuclear Information System (INIS)

    Trockel, R.; Hildenbrand, K.D.; Lynen, U.; Mueller, W.F.J.; Rabe, H.J.; Sann, H.; Stelzer, H.; Wada, R.; Brummund, N.; Glasow, R.; Kampert, K.H.; Santo, R.; Pelte, D.; Pochodzalla, J.; Eckert, E.

    1985-09-01

    Light and medium heavy fragments have been measured in light ion induced reactions at intermediate energies. The energy spectra have been parametrized with moving source fits. The resulting temperatures and yields do not confirm the expectations of a liquid-gas phase transition. (orig.)

  6. The Changing Patterns of Individual and School Effects on Educational Transitions. Evidence from Catalan Data (Spain)

    Science.gov (United States)

    Benito, Ricard; Alegre, Miquel Angel

    2012-01-01

    Background: This article engages with the tradition of educational transitions research, particularly with its attempt to evaluate the effect of exogenous variables on educational attainment. The study revisits a number of hypotheses that have attempted to explain the changing patterns of such effects throughout students' educational career,…

  7. Outcome Evidence for Structured Pediatric to Adult Health Care Transition Interventions: A Systematic Review.

    Science.gov (United States)

    Gabriel, Phabinly; McManus, Margaret; Rogers, Katherine; White, Patience

    2017-09-01

    To identify statistically significant positive outcomes in pediatric-to-adult transition studies using the triple aim framework of population health, consumer experience, and utilization and costs of care. Studies published between January 1995 and April 2016 were identified using the CINAHL, Ovid MEDLINE, PubMed, Scopus, and Web of Science databases. Included studies evaluated pre-evaluation and postevaluation data, intervention and comparison groups, and randomized clinic trials. The methodological strength of each study was assessed using the Effective Public Health Practice Project Quality Assessment Tool. Out of a total of 3844 articles, 43 met our inclusion criteria. Statistically significant positive outcomes were found in 28 studies, most often related to population health (20 studies), followed by consumer experience (8 studies), and service utilization (9 studies). Among studies with moderate to strong quality assessment ratings, the most common positive outcomes were adherence to care and utilization of ambulatory care in adult settings. Structured transition interventions often resulted in positive outcomes. Future evaluations should consider aligning with professional transition guidance; incorporating detailed intervention descriptions about transition planning, transfer, and integration into adult care; and measuring the triple aims of population health, experience, and costs of care. Copyright © 2017 Elsevier Inc. All rights reserved.

  8. Coping across the Transition to Adolescence: Evidence of Interindividual Consistency and Mean-Level Change

    Science.gov (United States)

    Valiente, Carlos; Eisenberg, Nancy; Fabes, Richard A.; Spinrad, Tracy L.; Sulik, Michael J.

    2015-01-01

    The goal of this study was to examine various forms of coping across the transition to adolescence, with a focus on interindividual (correlational) consistency of coping and mean-level changes in coping. Adolescents' emotional coping, problem solving, positive cognitive restructuring, avoidance, and support seeking in response to everyday…

  9. Evidence for a new class of many-electron Auger transitions in atoms

    International Nuclear Information System (INIS)

    Lee, I.; Wehlitz, R.; Becker, U.; Amusia, M.Ya.; Academy of Sciences, Saint Petersburg

    1993-01-01

    The possibility of the joint decay of two holes and one excited electron is discussed as one way many-electron Auger transitions can take place. It is shown that existing experimental decay spectra of resonantly excited states in krypton and xenon exhibit weak lines which may be associated with this new type of Auger process. (Author)

  10. Access and Barriers to Postsecondary Education: Evidence from the Youth in Transition Survey

    Science.gov (United States)

    Finnie, Ross; Wismer, Andrew; Mueller, Richard E.

    2015-01-01

    We exploit the Youth in Transition Survey, Cohort A, to investigate access and barriers to postsecondary education (PSE). We first look at how access to PSE by age 21 is related to family characteristics, including family income and parental education. We find that the effects of the latter significantly dominate those of the former. Among the 25%…

  11. Household Income during Childhood and Young Adult Weight Status: Evidence from a Nutrition Transition Setting

    Science.gov (United States)

    Schmeer, Kammi K.

    2010-01-01

    This article explores whether household income at different stages of childhood is associated with weight status in early adulthood in a nutrition transition setting (a developing country with both underweight and overweight populations). I use multinomial logistic regression to analyze prospective, longitudinal data from Cebu, Philippines.…

  12. Beware of breaks in exchange rates: evidence from European transition countries

    Czech Academy of Sciences Publication Activity Database

    Kočenda, Evžen

    2005-01-01

    Roč. 29, č. 3 (2005), s. 307-324 ISSN 0939-3625 Institutional research plan: CEZ:AV0Z70850503 Keywords : exchange rate regime * emerging and transition countries * central banks Subject RIV: AH - Economics http://dx.doi.org/10.1016/j.ecosys.2005.02.006

  13. Survey-based estimates of biases in consumer price indices during transition: evidence from Romania

    Czech Academy of Sciences Publication Activity Database

    Filer, Randall K.; Hanousek, Jan

    2002-01-01

    Roč. 30, č. 3 (2002), s. 476-487 ISSN 0147-5967 Institutional research plan: CEZ:AV0Z7085904 Keywords : price * inflation * transition * Romania Subject RIV: AH - Economics Impact factor: 0.806, year: 2002 http://dx.doi.org/10.1006/jcec.2002.1784

  14. Evidence for a first-order liquid-liquid transition in high-pressure hydrogen from ab initio simulations.

    Science.gov (United States)

    Morales, Miguel A; Pierleoni, Carlo; Schwegler, Eric; Ceperley, D M

    2010-07-20

    Using quantum simulation techniques based on either density functional theory or quantum Monte Carlo, we find clear evidence of a first-order transition in liquid hydrogen, between a low conductivity molecular state and a high conductivity atomic state. Using the temperature dependence of the discontinuity in the electronic conductivity, we estimate the critical point of the transition at temperatures near 2,000 K and pressures near 120 GPa. Furthermore, we have determined the melting curve of molecular hydrogen up to pressures of 200 GPa, finding a reentrant melting line. The melting line crosses the metalization line at 700 K and 220 GPa using density functional energetics and at 550 K and 290 GPa using quantum Monte Carlo energetics.

  15. Experimental evidence of structural transition at the crystal-amorphous interphase boundary between Al and Al2O3

    International Nuclear Information System (INIS)

    Yang, Z.Q.; He, L.L.; Zhao, S.J.; Ye, H.Q.

    2002-01-01

    High-resolution transmission electron microscopy observations on the structure of the interphase boundary between crystalline Al and amorphous Al 2 O 3 coating reveal that an interfacial melting transition of Al occurs at 833 K, which is distinctly lower than the bulk melting point of Al. The crystalline lattice planes of Al near the interface bend or small segments of crystalline Al deviated from the matrix Al grains are formed. Stand-off dislocations formed at the interphase boundary are also observed. The amorphous Al 2 O 3 coating plays an important role in retaining the evidence for structural transition at high temperature to room temperature, which makes it possible to make experimental observations. (author)

  16. 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.

  17. Mapping the nutrition transition in Peru: evidence for decentralized nutrition policies.

    Science.gov (United States)

    Chaparro, M Pia; Estrada, Leobardo

    2012-09-01

    The study objectives were to map the different stages of the nutrition transition for each department within Peru, and to determine the nutrition policy needs for each geographic area based on their current stage in the nutrition transition. Results show that most of the country is suffering from a double-burden of malnutrition, with high rates of stunting among children less than 5 years of age and high rates of overweight and obesity among women of reproductive age. Currently, Peru has only country-wide nutrition policies, administered by the Ministry of Health, that are primarily focused on stunting prevention. This study argues for the need to have decentralized nutrition policies that vary according to what type of malnutrition is being experienced in each geographic area.

  18. Radioisotope evidence of varying transit of solid food in gastrectomized patients with and without dumping syndrome

    International Nuclear Information System (INIS)

    Palermo, F.; Boccaletto, F.; Magalini, M.; Chiara, G.; Tommaseo, T.; Dapporto, L.

    1988-01-01

    Of 29 Billroth II gastrojejunostomy patients studied by scintigraphy, 11 were dumpers and 18 were non-dumpers; of 20 controls, 11 were patients with different gastric complaints and 9 volunteers with no history of gastrointestinal pathology. The tracer used was human albumin microspheres labelled with 99m Tc, mixed thoroughly with a fresh scrambled egg, cooked as an omelet and eaten as a sandwich with white toasted bread. The transit and emptying of the radiolabelled meal in the gastric and derivative loop areas were followed with a gamma camera 90-120 min. In the dumpers half emptying times were significantly shorter than in the controls; in the non-dumpers they were even shorter. Dynamic selective analysis of the radiolabelled food transit through derivative afferent and efferent loops showed, on the other hand, different patterns for the two groups of gastroresected patients: the progression of propulsive waves was very irregular and constantly hyperperistaltic only in the dumpers. (orig.) [de

  19. Radioisotope evidence of varying transit of solid food in gastrectomized patients with and without dumping syndrome

    Energy Technology Data Exchange (ETDEWEB)

    Palermo, F.; Boccaletto, F.; Magalini, M.; Chiara, G.; Tommaseo, T.; Dapporto, L.

    1988-10-01

    Of 29 Billroth II gastrojejunostomy patients studied by scintigraphy, 11 were dumpers and 18 were non-dumpers; of 20 controls, 11 were patients with different gastric complaints and 9 volunteers with no history of gastrointestinal pathology. The tracer used was human albumin microspheres labelled with /sup 99m/Tc, mixed thoroughly with a fresh scrambled egg, cooked as an omelet and eaten as a sandwich with white toasted bread. The transit and emptying of the radiolabelled meal in the gastric and derivative loop areas were followed with a gamma camera 90-120 min. In the dumpers half emptying times were significantly shorter than in the controls; in the non-dumpers they were even shorter. Dynamic selective analysis of the radiolabelled food transit through derivative afferent and efferent loops showed, on the other hand, different patterns for the two groups of gastroresected patients: the progression of propulsive waves was very irregular and constantly hyperperistaltic only in the dumpers.

  20. Political competition, economic reform and growth : theory and evidence from transition countries

    OpenAIRE

    Pavletic, Ivan

    2010-01-01

    Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and succe...

  1. Rural household income mobility in transitional China: Evidence from China Household Income Project

    OpenAIRE

    Yang, Sui

    2015-01-01

    Based on China Household Income Project rural data, this paper aims to study the changes of rural household income mobility in transitional China. The results show that with the economic reform and development, income mobility between 2007 and 2009 was much stronger than before. Regarding the structure of income mobility, the 'exchange mobility' is generally the major source, followed by the 'growth mobility'. The comparison with income inequality indicated that the low degree of mobility is ...

  2. Evidence for Mikheyev-Smirnov-Wolfenstein effects in solar neutrino flavor transitions

    OpenAIRE

    G. L. FogliU. of Bari and INFN, Bari; E. Lisi(U. of Bari and INFN, Bari); A. Marrone(U. of Bari and INFN, Bari); A Palazzo(U. of Bari and INFN, Bari)

    2015-01-01

    We point out that the recent data from the Sudbury Neutrino Observatory, together with other relevant measurements from solar and reactor neutrino experiments, convincingly show that the flavor transitions of solar neutrinos are affected by Mikheyev-Smirnov-Wolfenstein (MSW) effects. More precisely, one can safely reject the null hypothesis of no MSW interaction energy in matter, despite the fact that the interaction amplitude (formally treated as a free parameter) is still weakly constrained...

  3. Evidence for the Direct Two-Photon Transition from psi to J/psi

    NARCIS (Netherlands)

    Ablikim, M.; Achasov, M. N.; Ambrose, D. J.; An, F. F.; An, Q.; An, Z. H.; Bai, J. Z.; Ferroli, R. B.; Ban, Y.; Becker, J.; Berger, N.; Bertani, M. B.; Bian, J. M.; Boger, E.; Bondarenko, O.; Boyko, I.; Briere, R. A.; Bytev, V.; Cai, X.; Calcaterra, A. C.; Cao, G. F.; Chang, J. F.; Chelkov, G.; Chen, G.; Chen, H. S.; Chen, J. C.; Chen, M. L.; Chen, S. J.; Chen, Y.; Chen, Y. B.; Cheng, H. P.; Chu, Y. P.; Cronin-Hennessy, D.; Dai, H. L.; Dai, J. P.; Dedovich, D.; Deng, Z. Y.; Denig, A.; Denysenko, I.; Destefanis, M.; Ding, W. M.; Ding, Y.; Dong, L. Y.; Dong, M. Y.; Du, S. X.; Fang, J.; Fang, S. S.; Fava, L.; Feldbauer, F.; Feng, C. Q.; Fu, C. D.; Fu, J. L.; Gao, Y.; Geng, C.; Goetzen, K.; Gong, W. X.; Gradl, W.; Greco, M.; Gu, M. H.; Gu, Y. T.; Guan, Y. H.; Guo, A. Q.; Guo, L. B.; Guo, Y. P.; Han, Y. L.; Hao, X. Q.; Harris, F. A.; He, K. L.; He, M.; He, Z. Y.; Held, T.; Heng, Y. K.; Hou, Z. L.; Hu, H. M.; Hu, J. F.; Hu, T.; Huang, B.; Huang, G. M.; Huang, J. S.; Huang, X. T.; Huang, Y. P.; Hussain, T.; Ji, C. S.; Ji, Q.; Ji, X. B.; Ji, X. L.; Jia, L. K.; Jiang, L. L.; Jiang, X. S.; Jiao, J. B.; Jiao, Z.; Jin, D. P.; Jin, S.; Jing, F. F.; Kalantar-Nayestanaki, N.; Kavatsyuk, M.; Kuehn, W.; Lai, W.; Lange, J. S.; Leung, J. K. C.; Li, C. H.; Li, Cheng; Li, Cui; Li, D. M.; Li, F.; Li, G.; Li, H. B.; Li, J. C.; Li, K.; Li, Lei; Li, N. B.; Li, Q. J.; Li, S. L.; Li, W. D.; Li, W. G.; Li, X. L.; Li, X. N.; Li, X. Q.; Li, X. R.; Li, Z. B.; Liang, H.; Liang, Y. F.; Liang, Y. T.; Liao, G. R.; Liao, X. T.; Liu, B. J.; Liu, B. J.; Liu, C. L.; Liu, C. X.; Liu, C. Y.; Liu, F. H.; Liu, Fang; Liu, Feng; Liu, H.; Liu, H. B.; Liu, H. H.; Liu, H. M.; Liu, H. W.; Liu, J. P.; Liu, Kun; Liu, Kai; Liu, K. Y.; Liu, P. L.; Liu, S. B.; Liu, X.; Liu, X. H.; Liu, Y. B.; Liu, Y.; Liu, Z. A.; Liu, Zhiqiang; Liu, Zhiqing; Loehner, H.; Lu, G. R.; Lu, H. J.; Lu, J. G.; Lu, Q. W.; Lu, X. R.; Lu, Y. P.; Luo, C. L.; Luo, M. X.; Luo, T.; Luo, X. L.; Lv, M.; Ma, C. L.; Ma, F. C.; Ma, H. L.; Ma, Q. M.; Ma, S.; Ma, T.; Ma, X. Y.; Ma, Y.; Maas, F. E.; Maggiora, M.; Malik, Q. A.; Mao, H.; Mao, Y. J.; Mao, Z. P.; Messchendorp, J. G.; Min, J.; Min, T. J.; Mitchell, R. E.; Mo, X. H.; Morales, C. Morales; Motzko, C.; Muchnoi, N. Yu; Nefedov, Y.; Nicholson, C.; Nikolaev, I. B.; Ning, Z.; Olsen, S. L.; Ouyang, Q.; Pacetti, S. P.; Park, J. W.; Pelizaeus, M.; Peters, K.; Ping, J. L.; Ping, R. G.; Poling, R.; Prencipe, E.; Pun, C. S. J.; Qi, M.; Qian, S.; Qiao, C. F.; Qin, X. S.; Qin, Y.; Qin, Z. H.; Qiu, J. F.; Rashid, K. H.; Rong, G.; Ruan, X. D.; Sarantsev, A.; Schulze, J.; Shao, M.; Shen, C. P.; Shen, X. Y.; Sheng, H. Y.; Shepherd, M. R.; Song, X. Y.; Spataro, S.; Spruck, B.; Sun, D. H.; Sun, G. X.; Sun, J. F.; Sun, S. S.; Sun, X. D.; Sun, Y. J.; Sun, Y. Z.; Sun, Z. J.; Sun, Z. T.; Tang, C. J.; Tang, X.; Thorndike, E. H.; Tian, H. L.; Toth, D.; Ulrich, M. U.; Varner, G. S.; Wang, B.; Wang, B. Q.; Wang, K.; Wang, L. L.; Wang, L. S.; Wang, M.; Wang, P.; Wang, P. L.; Wang, Q.; Wang, Q. J.; Wang, S. G.; Wang, X. F.; Wang, X. L.; Wang, Y. D.; Wang, Y. F.; Wang, Y. Q.; Wang, Z.; Wang, Z. G.; Wang, Z. Y.; Wei, D. H.; Weidenkaff, P.; Wen, Q. G.; Wen, S. P.; Werner, M. W.; Wiedner, U.; Wu, L. H.; Wu, N.; Wu, S. X.; Wu, W.; Wu, Z.; Xia, L. G.; Xiao, Z. J.; Xie, Y. G.; Xiu, Q. L.; Xu, G. F.; Xu, G. M.; Xu, H.; Xu, Q. J.; Xu, X. P.; Xu, Y.; Xu, Z. R.; Xue, F.; Xue, Z.; Yan, L.; Yan, W. B.; Yan, Y. H.; Yang, H. X.; Yang, T.; Yang, Y.; Yang, Y. X.; Ye, H.; Ye, M.; Ye, M. H.; Yu, B. X.; Yu, C. X.; Yu, J. S.; Yu, S. P.; Yuan, C. Z.; Yuan, W. L.; Yuan, Y.; Zafar, A. A.; Zallo, A. Z.; Zeng, Y.; Zhang, B. X.; Zhang, B. Y.; Zhang, C. C.; Zhang, D. H.; Zhang, H. H.; Zhang, H. Y.; Zhang, J.; Zhang, J. G.; Zhang, J. Q.; Zhang, J. W.; Zhang, J. Y.; Zhang, J. Z.; Zhang, L.; Zhang, S. H.; Zhang, T. R.; Zhang, X. J.; Zhang, X. Y.; Zhang, Y.; Zhang, Y. H.; Zhang, Y. S.; Zhang, Z. P.; Zhang, Z. Y.; Zhao, G.; Zhao, H. S.; Zhao, J. W.; Zhao, K. X.; Zhao, Lei; Zhao, Ling; Zhao, M. G.; Zhao, Q.; Zhao, S. J.; Zhao, T. C.; Zhao, X. H.; Zhao, Y. B.; Zhao, Z. G.; Zhemchugov, A.; Zheng, B.; Zheng, J. P.; Zheng, Y. H.; Zheng, Z. P.; Zhong, B.; Zhong, J.; Zhou, L.; Zhou, X. K.; Zhou, X. R.; Zhu, C.; Zhu, K.; Zhu, K. J.; Zhu, S. H.; Zhu, X. L.; Zhu, X. W.; Zhu, Y. M.; Zhu, Y. S.; Zhu, Z. A.; Zhuang, J.; Zou, B. S.; Zou, J. H.; Zuo, J. X.

    2012-01-01

    The two-photon transition psi(3686) -> gamma gamma J/psi is studied in a sample of 1.06 x 10(8) psi(3686) decays collected by the BESIII detector. The branching fraction is measured to be (3.1 +/- 0.6(stat)(-1.0)(+0.8)(syst)) x 10(-4) using J/psi -> e(+)e(-) and J/psi -> mu(+)mu(-) decays, and its

  4. Medicare's prospective payment system for hospitals: new evidence on transitions among health care settings

    OpenAIRE

    Qian, Xufeng; Russell, Louise B.; Valiyeva, Elmira; Miller, Jane E.

    2007-01-01

    Previous studies of Medicare’s prospective payment system for hospitals (PPS), introduced in 1983, evaluated only its first few years, using data collected during the hospital stay to control for patients’ health. We examine transitions among health care settings over a full decade following implementation of PPS, using survival models and a national longitudinal survey with independent information on health. We find that the rate of discharge from hospitals to nursing homes continued to rise...

  5. EVIDENCE FOR A TRANSITION REGION RESPONSE TO PENUMBRAL MICROJETS IN SUNSPOTS

    International Nuclear Information System (INIS)

    Vissers, G. J. M.; Rouppe van der Voort, L. H. M.; Carlsson, M.

    2015-01-01

    Penumbral microjets (PMJs) are short-lived, fine-structured, and bright jets that are generally observed in chromospheric imaging of the penumbra of sunspots. Here we investigate their potential transition region signature by combining observations with the Swedish 1-m Solar Telescope in the Ca ii H and Ca ii 8542 Å lines with ultraviolet imaging and spectroscopy obtained with the Interface Region Imaging Spectrograph (IRIS), which includes the C ii 1334/1335 Å, Si iv 1394/1403 Å, and Mg ii h and k 2803/2796 Å lines. We find a clear corresponding signal in the IRIS Mg ii k, C ii, and Si iv slit-jaw images, typically offset spatially from the Ca ii signature in the direction along the jets: from base to top, the PMJs are predominantly visible in Ca ii, Mg ii k, and C ii/Si iv, suggesting progressive heating to transition region temperatures along the jet extent. Hence, these results support the suggestion from earlier studies that PMJs may heat to transition region temperatures

  6. 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)

  7. 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

  8. Evidence from lava flows for complex polarity transitions: The new composite Steens Mountain reversal record

    Science.gov (United States)

    Jarboe, Nicholas A.; Coe, Robert S.; Glen, Jonathan M. G.

    2011-01-01

    Geomagnetic polarity transitions may be significantly more complex than are currently depicted in many sedimentary and lava-flow records. By splicing together paleomagnetic results from earlier studies at Steens Mountain with those from three newly studied sections of Oregon Plateau flood basalts at Catlow Peak and Poker Jim Ridge 70–90 km to the southeast and west, respectively, we provide support for this interpretation with the most detailed account of a magnetic field reversal yet observed in volcanic rocks. Forty-five new distinguishable transitional (T) directions together with 30 earlier ones reveal a much more complex and detailed record of the 16.7 Ma reversed (R)-to-normal (N) polarity transition that marks the end of Chron C5Cr. Compared to the earlier R-T-N-T-N reversal record, the new record can be described as R-T-N-T-N-T-R-T-N. The composite record confirms earlier features, adds new west and up directions and an entire large N-T-R-T segment to the path, and fills in directions on the path between earlier directional jumps. Persistent virtual geomagnetic pole (VGP) clusters and separate VGPs have a preference for previously described longitudinal bands from transition study compilations, which suggests the presence of features at the core–mantle boundary that influence the flow of core fluid and distribution of magnetic flux. Overall the record is consistent with the generalization that VGP paths vary greatly from reversal to reversal and depend on the location of the observer. Rates of secular variation confirm that the flows comprising these sections were erupted rapidly, with maximum rates estimated to be 85–120 m ka−1 at Catlow and 130–195 m ka−1 at Poker Jim South. Paleomagnetic poles from other studies are combined with 32 non-transitional poles found here to give a clockwise rotation of the Oregon Plateau of 11.4°± 5.6° with respect to the younger Columbia River Basalt Group flows to the north and 14.5°± 4.6° with respect

  9. India's Proposed Universal Health Coverage Policy: Evidence for Age Structure Transition Effect and Fiscal Sustainability.

    Science.gov (United States)

    Narayana, Muttur Ranganathan

    2016-12-01

    India's High Level Expert Group on Universal Health Coverage in 2011 recommended a universal, public-funded and national health coverage policy. As a plausible forward-looking macroeconomic reform in the health sector, this policy proposal on universal health coverage (UHC) needs to be evaluated for age structure transition effect and fiscal sustainability to strengthen its current design and future implementation. Macroeconomic analyses of the long-term implications of age structure transition and fiscal sustainability on India's proposed UHC policy. A new measure of age-specific UHC is developed by combining the age profile of public and private health consumption expenditure by using the National Transfer Accounts methodology. Different projections of age-specific public health expenditure are calculated over the period 2005-2100 to account for the age structure transition effect. The projections include changes in: (1) levels of the expenditure as gross domestic product grows, (2) levels and shape of the expenditure as gross domestic product grows and expenditure converges to that of developed countries (or convergence scenario) based on the Lee-Carter model of forecasting mortality rates, and (3) levels of the expenditure as India moves toward a UHC policy. Fiscal sustainability under each health expenditure projection is determined by using the measures of generational imbalance and sustainability gap in the Generational Accounting methodology. Public health expenditure is marked by age specificities and the elderly population is costlier to support for their healthcare needs in the future. Given the discount and productivity growth rates, the proposed UHC is not fiscally sustainable under India's current fiscal policies except for the convergence scenario. However, if the income elasticity of public expenditure on social welfare and health expenditure is less than one, fiscal sustainability of the UHC policy is attainable in all scenarios of projected public

  10. Small angle neutron scattering studies of the vortex lattice in the UPt3 mixed state: Direct structural evidence for the B->C transition

    DEFF Research Database (Denmark)

    Yaron, U.; Gammel, P.L.; Boebinger, G.S.

    1997-01-01

    Small angle neutron scattering studies of the flux line lattice (FLL) in UPt3 for fields H perpendicular to c provide direct microscopic evidence for the 5 kOe B --> C transition. We find a pronounced maximum in the longitudinal correlation length of the FLL at the transition and an abrupt change...

  11. Power Watch: Increasing Transparency and Accessibility of Data in the Global Power Sector to Accelerate the Transition to a Lower Carbon Economy

    Science.gov (United States)

    Hennig, R. J.; Friedrich, J.; Malaguzzi Valeri, L.; McCormick, C.; Lebling, K.; Kressig, A.

    2016-12-01

    The Power Watch project will offer open data on the global electricity sector starting with power plants and their impacts on climate and water systems; it will also offer visualizations and decision making tools. Power Watch will create the first comprehensive, open database of power plants globally by compiling data from national governments, public and private utilities, transmission grid operators, and other data providers to create a core dataset that has information on over 80% of global installed capacity for electrical generation. Power plant data will at a minimum include latitude and longitude, capacity, fuel type, emissions, water usage, ownership, and annual generation. By providing data that is both comprehensive, as well as making it publically available, this project will support decision making and analysis by actors across the economy and in the research community. The Power Watch research effort focuses on creating a global standard for power plant information, gathering and standardizing data from multiple sources, matching information from multiple sources on a plant level, testing cross-validation approaches (regional statistics, crowdsourcing, satellite data, and others) and developing estimation methodologies for generation, emissions, and water usage. When not available from official reports, emissions, annual generation, and water usage will be estimated. Water use estimates of power plants will be based on capacity, fuel type and satellite imagery to identify cooling types. This analysis is being piloted in several states in India and will then be scaled up to a global level. Other planned applications of of the Power Watch data include improving understanding of energy access, air pollution, emissions estimation, stranded asset analysis, life cycle analysis, tracking of proposed plants and curtailment analysis.

  12. An economic review of the collaborative economy

    OpenAIRE

    Petropoulos, Georgios

    2017-01-01

    The collaborative economy matches people online who want to share assets and services. This Policy Contribution - i) discusses how the collaborative economy can be defined; ii) provides an overview of evidence about its potential benefits for European economies and the impact of specific platforms in the sectors of their operation; iii) illustrates the criteria that enable professional and non-professional services offered through collaborative platforms to be distinguished; iv) recommends pr...

  13. Social Demography of Transitional Dietary Patterns in Thailand: Prospective Evidence from the Thai Cohort Study

    Directory of Open Access Journals (Sweden)

    Keren Papier

    2017-10-01

    Full Text Available In recent decades, a health-risk transition with changes in diet and lifestyle in low and middle-income countries (LMICs led to an emergence of chronic diseases. These trends in Southeast Asian LMICs are not well studied. Here, we report on transitional dietary patterns and their socio-demographic predictors in Thai adults. Dietary data in 2015 were from a random sub-sample (N = 1075 of 42,785 Thai Cohort Study (TCS members who completed all three TCS surveys (2005, 2009, 2013. Principle Component Analysis identified dietary patterns and multivariable linear regression assessed associations (Beta estimates (ß and confidence intervals (CIs between socio-demographic factors and dietary intake pattern scores. Four dietary patterns emerged: Healthy Transitional, Fatty Western, Highly Processed, and Traditional. In women, higher income (≥30,001 Baht/month vs. ≤10,000 and managerial work (vs. office assistant was associated with lower scores for Traditional (ß = −0.67, 95% CI −1.15, −0.19 and Fatty Western diets (ß = −0.60, 95% CI −1.14, −0.05, respectively. University education associated with lower Highly Processed (ß = −0.57, 95% CI −0.98, −0.17 and higher Traditional diet scores (ß = 0.42, 95% CI 0.03, 0.81. In men and women, urban residence associated with higher Fatty Western and lower Traditional diets. Local policy makers should promote healthy diets, particularly in urban residents, in men, and in low-SEP adults.

  14. Marital transitions and life satisfaction: Evidence from longitudinal data from Norway

    OpenAIRE

    Næss, Siri; Blekesaune, Morten; Jakobsson, Niklas

    2014-01-01

    This article is based on three waves of data collected by the Nord-Trøndelag Health Study (HUNT), Norway. It investigates changes in life satisfaction associated with transition both into and out of marital unions (marriages and cohabitations). It provides longitudinal data on life satisfaction for a larger sample (N¼57,446), a longer age span (19–101 years) and over a longer observation period (22 years) than previously published research on this topic. The large sample permits interaction a...

  15. EVIDENCE FOR DYNAMICAL CHANGES IN A TRANSITIONAL PROTOPLANETARY DISK WITH MID-INFRARED VARIABILITY

    International Nuclear Information System (INIS)

    Muzerolle, James; Flaherty, Kevin; Balog, Zoltan; Smith, Paul S.; Rieke, George H.; Furlan, Elise; Allen, Lori; Muench, August; Calvet, Nuria; D'Alessio, Paola; Megeath, S. Thomas; Sherry, William H.

    2009-01-01

    We present multi-epoch Spitzer Space Telescope observations of the transitional disk LRLL 31 in the 2-3 Myr old star-forming region IC 348. Our measurements show remarkable mid-infrared variability on timescales as short as one week. The infrared continuum emission exhibits systematic wavelength-dependent changes that suggest corresponding dynamical changes in the inner disk structure and variable shadowing of outer disk material. We propose several possible sources for the structural changes, including a variable accretion rate or a stellar or planetary companion embedded in the disk. Our results indicate that variability studies in the infrared can provide important new constraints on protoplanetary disk behavior.

  16. Evidence for reentrant spin glass behavior in transition metal substituted Co-Ga alloys near critical concentration

    Science.gov (United States)

    Yasin, Sk. Mohammad; Srinivas, V.; Kasiviswanathan, S.; Vagadia, Megha; Nigam, A. K.

    2018-04-01

    In the present study magnetic and electrical transport properties of transition metal substituted Co-Ga alloys (near critical cobalt concentration) have been investigated. Analysis of temperature and field dependence of dc magnetization and ac susceptibility (ACS) data suggests an evidence of reentrant spin glass (RSG) phase in Co55.5TM3Ga41.5 (TM = Co, Cr, Fe, Cu). The magnetic transition temperatures (TC and Tf) are found to depend on the nature of TM element substitution with the exchange coupling strength Co-Fe > Co-Co > Co-Cu > Co-Cr. From magnetization dynamics precise transition temperatures for the glassy phases are estimated. It is found that characteristic relaxation times are higher than that of spin glasses with minimal spin-cluster formation. The RSG behavior has been further supported by the temperature dependence of magnetotransport studies. From the magnetic field and substitution effects it has been established that the magnetic and electrical transport properties are correlated in this system.

  17. Seismic observation of a sharp post-garnet phase transition within the Farallon crust: Evidence for oceanic plateau subduction

    Science.gov (United States)

    Maguire, R.; Ritsema, J.

    2017-12-01

    The tectonic evolution of North America over the past 150 million years was heavily influenced by the complex subduction history of the Farallon plate. In particular, Laramide mountain building may have been triggered by the initiation of flat slab subduction in the late Cretaceous. While it has been proposed that the cause of slab flattening is related to the subduction of an oceanic plateau[1], direct geophysical evidence of a subducted oceanic plateau is lacking. Here, using P-to-S receiver functions, we detect a sharp seismic discontinuity at 720-km depth beneath the southeastern United States and Gulf of Mexico. We interpret this discontinuity as a garnet-to-bridgmanite phase transition occurring within a thickened Farallon crust. Our results are consistent with a subducted oceanic plateau (likely the conjugate half of the Hess rise) which is foundering below the base of the mantle transition zone. Additionally, we find a strong 520-km discontinuity beneath the southeastern United States which may indicate a hydrous transition zone due to the release of H2O from the Farallon slab. These results provide insight into the dynamics of flat slab subduction as well as the tectonic history of North America. [1] Livaccari, R. F., Burke, K., & Şengör, A. M. C. (1981). Was the Laramide orogeny related to subduction of an oceanic plateau? Nature, v. 289, p. 276-278, doi: 10.1038/289276a0

  18. Neutron scattering near the order-disorder transition in Cu3Au: evidence for a lower spinodal temperature

    International Nuclear Information System (INIS)

    Rogge, R.B.; Gaulin, B.D.; Svensson, E.C.; Hallman, E.D.; Wei, W.

    1995-01-01

    The binary alloy Cu 3 Au undergoes a first-order phase transition at 667 ± 3 K Within the context of the Landau theory of phase transitions, there exist, in addition to the order-disorder temperature, T c , upper and lower spinodal temperatures, T su and T si . These mark the first temperatures, upon approaching the phase transition from above and below, respectively, at which metastable droplets of the second phase can fluctuate out of the first phase. Until recently, there has, however, been little physical evidence supporting the existence of the spinodal temperatures. Elastic and inelastic neutron-scattering measurements have been carried out on Cu 3 Au over an extended temperature range with particular emphasis on temperatures near T c . The lattice constant data, order-parameter data, and phonon data provided by these measurements all indicate that there are two temperature regimes just below T c with a crossover between these regimes in the range of (T c - 35) to (T c - 25) K. This crossover temperature is interpreted as the lower spinodal temperature of Cu 3 Au. (author)

  19. The energy economy

    International Nuclear Information System (INIS)

    Meritet, Sophie; Vaujour, Jean-Baptiste

    2015-01-01

    This introduction to the economy of energy applies the main economic concepts to the energy sector (nature of the good, supply, demand), proposes an overview of existing actors, and analyses challenges and tools of economic policy like network regulation, competition policy, independence and energy transition. By using recent examples, statistics and international comparisons, it gives elements to highlight issues like the relationship between shale gas exploitation and economic recovery in the USA, the choice between monopole and competition for electricity or gas supply, reaching greenhouse gas emissions of the energy sector by incentives or taxes, secure energy supplies in a changing international environment, ways to supply energy to everyone at prices guaranteeing economy competitiveness, or ways to evolve towards energy systems which would be more environment- and climate-friendly. The successive chapters address fundamentals issues (nature of the good, historical and technical overview), the State intervention (definition of an energy policy, steering the energy mix, ensuring secure supply), the reorganisation of industries and the protection of consumers, the relationship between energy and climate (worrying perspectives, progressive emergence of solutions). The last chapter addresses the future challenges like innovation, and disruptive innovations (smart grids, big data, batteries, CO 2 capture and storage, nuclear waste processing and management, development of nuclear fusion), and the issue of energy poverty

  20. 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.