Search results for "Finance"
showing 10 items of 4676 documents
His Fate in the US
2016
Asso recounts the many difficulties De Viti de Marco met with over the translation of his book First Principles of Public Finance, the reviews expressing diametrically opposed opinions, from F.C. Benham on the German translation (1932) to H.C. Simons on the English translation (1936).
Composition des dépenses publiques et impacts sur la croissance économique : analyses théoriques et empiriques sur des panels de pays développés, éme…
2016
The economic role of the State has been the subject of much debate both from theoretical and the practical perspectives. The actors of these controversies include the objectors of the efficiency of the public intervention since Smith to the present days, Keynesians and economists of the synthesis. Topics ranging from principle of the invisible hand, tax, expectations, burden of the debt, crowding out effect, public sector production are treated through of such debates. The work explains the breakdown of public spending components and implications for countries at levels development (OECD, BRICS, and WAEMU). The study also indicated that the effects of the public spending and its components …
Interrogation sur la nature et la formation des grandeurs économiques : la question de la valeur et de la mesure en économie
2016
To investigate on the question of the formation of the economic magnitudes, and on the question of value seems to be pointless, since those notions appear to be understood and to fall under the scope of our daily experiment. We show in the present work that several fundamental concepts and central notions do not receive a proper definition within our discipline. As a consequence, it is all the economic discourse that is weakened, at such a point that it talks about things that, actually, do not exist, but in the economist’s mind, and do not consider its true matter. In our wage economy, value is sometimes created sometimes destructed respectively in the formation and the destruction of inco…
Visibility of fiscal systems and subsystems in some organization for economic cooperation and development countries
1996
The effect of the launch of bitcoin futures on the cryptocurrency market: an economic efficiency approach
2021
We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the cryptocurrency market. However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.
The cost of market power in banking: Social welfare loss vs. cost inefficiency
2007
Abstract This paper analyses the relationship between market power in the loan and deposit markets and efficiency in the EU-15 countries over 1993–2002. Results show the existence of a positive relationship between market power and cost X-efficiency, allowing rejection of the so-called quiet life hypothesis [Berger, A.N., Hannan, T.H., 1998. The efficiency cost of market power in the banking industry: A test of the ‘quiet life’ and related hypotheses. Review of Economics and Statistics 8 (3), 454–465]. The social welfare loss attributable to market power in 2002 represented 0.54% of the GDP of the EU-15. Results show that the welfare gains associated with a reduction of market power are gre…
Airport Charges Policy as a Tool for Achieving Competitive Advantage in the Aviation Market
2020
Air transportation plays an important socio-economic role, and an airport, as part of the transportation system, is a significant component of the national infrastructure. The airport is not just a provider of aviation services, whose activities are regulated by the state, but is a self-sustainable commercial complex with its own business goals and development strategy aimed at the growth and economic efficiency of operations. Strengthening its position in the Nordic region is the strategic goal of Riga International Airport. Competitive advantage in airport charges policy should contribute to the accomplishment of this strategic goal - Riga Airport should be the first choice for airport tr…
The institutional pillars of management accounting function
2009
PurposeThe purpose of this paper is to theorize the institutional pillars of management accounting function.Design/methodology/approachThe paper adopts a comparative case study approach.FindingsInstitutional pillars of management accounting are explored on the basis of two longitudinal case studies. Competitive/economic forces and three analytical elements of institutional theory are composing institutions: regulative, normative and cultural‐cognitive pillars. Each element is important, and all of them may work in combination, but they operate through distinctive mechanisms and processes. This paper illustrates how they provide the basis for compliance, order and the legitimacy of not the w…
Toward ‘Vaccine Internationalism’: The Need for an Equitable and Coordinated Global Vaccination Approach to Effectively Combat COVID-19
2021
International audience
Coordinates and Dynamics of the Relationships between Multinational Enterprises and Economic Development – A Theoretical Approach
2013
Abstract The paper aims to configure, based on the historical analyses of the theories regarding multinational enterprises and economic development (which, most of them, are unilateral, unidimensional and focused on just one theoretical background) a conceptual framework – subsumed to the idea of a matrix with variable architecture that integrates existing models – able to allow and favour the exhaustive and dynamic analysis of the relationships between multinational enterprises and economic development within the current and future spatial and temporal context – characterized by (enormous) complexity, turbulence and volatility.