Search results for " Capital"
showing 10 items of 1008 documents
The Influence of the Endogenous and Exogenous Factors on Credit Institutions’ Return on Equity
2015
Abstract The research’s purpose is to study the credit institutions’ performance, from the shareholders’ point of view, through return on equity (ROE). It aims to identify a dependency relationship between return on equity (ROE) and endogenous factors (the growth rate of credit portfolio, the growth rate provisions, the solvency ratio), on the one hand and, on the other hand between ROE and the exogenous ones (GDP and inflation rate). The research was done over an horizon of 10 years (2004-2013) on the evolution of the return on equity indicator of two credit institutions listed on Bucharest Stock Exchange (Carpathian Commercial Bank SA and Banca Transilvania SA), highlights their vulnerabi…
Patents, technological inputs and spillovers among regions
2009
This paper analyses the importance of different technological inputs (R&D and human capital) and different spillovers in explaining the differences in patenting among Spanish regions in the period 1986-2003. The analysis is based on the estimation of a knowledge production function. A region¿s own R&D activities and human capital are observed to have a positive significant effect on innovation output, measured by the number of patents. R&D spillovers weighted by the distance and the volume of trade flows between regions cause positive effects on a region¿s patents. However, distance matters more than the intensity of trade flows and the R&D spillover effects between regions are bounded: spi…
Commoning of territorial heritage and tools of participated sustainability for the production and enhancement of agro-environmental public goods
2021
AbstractThe purpose of this paper is to analyze how the commoning heritage processes find application for the production of agro-environmental public goods in contexts of high socio-economic marginality and environmental vulnerability, characterized by abandonment and from the consumption of agricultural land for food use. The purpose is to understand how these processes are able to influence, at local level, the governance processes for the implementation of environmental protection strategies. The survey made it possible to verify how the commoning processes aimed at the production of agro-environmental goods generate territorial resilience, understood as a community competence able to st…
Trade imbalances within the euro area and with respect to the rest of the world
2015
Abstract Many studies have explored the determinants of current account balances in Europe. However, only in a few studies has trade balance been decomposed into intra balance, trade balance vis-a-vis the euro area, and extra balance, trade balance vis-a-vis the rest of the world. This decomposition is necessary for us to understand why some core euro area countries are acting as financial intermediaries for the periphery countries. Furthermore, the determinants of intra and extra balances might be different because nominal exchange rate cannot adjust between the EMU countries while their financial markets are highly integrated. Thus, we apply this decomposition and supplement the previous …
Territorial Capital and Growth over the Great Recession: a Local Analysis for Italy"
2017
The consequences of the crisis have been mainly analyzed at national/ international levels, neglecting its differential effects on local areas. Notwithstanding the international character of the Great Recession, the different local structural features might have influenced the economic and social impact of the crisis, determining effects on the resilience and recovery chance. In this paper, we focus on the role of different territorial indicators by looking at how their relevance has changed during the recent crisis at provincial level. Our aim is threefold. First, we identify the strategic territorial elements which might be particularly relevant in ensuring a greater local absorption capa…
Infrastructures and Productivity in the Spanish Regions
1996
The aim of this paper is to analyse the role of public capital, the types of infrastructures in which it is invested, and their territorial distribution in the gains in productivity of the private sector in the Spanish regions in the period 1964-1991 using panel data techniques to control for unobserved state-specific characteristics. The results obtained show how the infrastructures most directly linked to the productive process present a significant and positive effect on productivity. They also show the importance of the network effect of the infrastructures of a productive nature as well as a decrease in the elasticity associated with such infrastructures as development progresses. El p…
Infrastructure and Regional Economic Growth: The Spanish Case
1994
CUTANDA A. and PARICIO J. (1994) Infrastructure and regional economic growth: the Spanish case, Reg. Studies 28, 69-77. This paper considers the measurement of infrastructure capital in the Spanish regions and examines the regional disparities found. The relationship between income and infrastructure is studied in order to determine the impact of public capital in accounting for regional disparities in incomes. The empirical evidence shows that infrastructure has a significant positive effect on the income disparities at regional level. CUTANDA A. et PARICIO J. (1994) L'equipement et la croissance economique regionale, Reg. Studies 28, 69-77. Cet article considere la mesure du capital affec…
Essais sur la qualité de l'éducation et la croissance économique
2007
This essay has for main goal to contribute in the domains of economics of education as well as the macroeconomics' explanation of the growth process. The thesis is structured in two segments whose include both three chapters. The first part is based on macro-economic side, while the second tends to specify certain visions responds to a micro-economic nature as to supplement interrogations resulting from the global solution of the quality of education.The first part consists in dealing about the methodology in the construction of alternate indicators concerning the quality and the inequality in distribution for human capital. The indicators on the quality of the human capital are set up on i…
Les sources de la qualité de l'éducation : une nécessaire distinction du niveau économique des pays
2006
06036; L'objectif de ce travail est de tester l'existence d'une fonction de production éducative à partir de données issues des enquêtes internationales sur les acquis des élèves. Les résultats des estimations avec l'échantillon global d'une part, puis avec distinction selon le niveau économique des pays montrent des différences significatives quant aux relations entreinputs et outputs éducatifs. On constate qu'à mesure que le niveau économique des pays s'élève, l'impact des variables financières de l'éducation sur la performance aux tests diminue. Les relations diffèrent également avec la variable taille des classes. Ainsi, les incohérences trouvées dans les analyses antérieures en matière…
Les étudiants anticipent-ils correctement la valeur de leur diplôme sur le marché du travail ?
2013
Documents de travail de l'IREDU, n°2013-1; Ce travail analyse la manière dont les étudiants de première année d'université anticipent leurs salaires futurs, puis compare ces salaires à ceux qu'ils peuvent réellement observer sur le marché du travail. Nos résultats montrent globalement une surestimation des salaires anticipés d'environ 9 pour cent en début de carrière, ce qui est cohérent avec des travaux réalisés dans d'autres pays. En revanche, les salaires anticipés après dix ans de carrières sont supérieurs de 28 pour cent aux salaires observés des diplômés à ancienneté comparable. Les résultats soulignent également l'importance de l'environnement familial lors du choix des études supéri…