Search results for "Market economy"
showing 8 items of 138 documents
Regional financial development and bank competition: effects on firms' growth
2009
Fernandez de Guevara J. and Maudos J. Regional financial development and bank competition: effects on firms' growth, Regional Studies. This paper analyses the effect of regional financial development and bank competition on firms' growth using the Spanish provinces as a testing ground. The results show that firms in industries with a greater dependence on external finance grow faster in more financially developed provinces. The results also show that bank monopoly power has an inverted-‘U’ effect on firms' growth, suggesting that market power has its highest effect at intermediate values. The effect is heterogeneous among firms according to the financial dependence of the industry to which …
REFLEXIONS ON THE ROMANIAN HIGHER EDUCATION AND GRADUATE EMPLOYMENT
2012
The objective of the paper is to provide an insight on the Romanian higher education and to analyse the graduate employment in Romania during the 2006-2010 period. The conclusions reveal that the Romanian graduate employment registered a continuous decrease in its figures during the whole analysed period.
From innovation to labour costs : Change of emphasis in Finnish competitiveness policy ideas after the Eurocrisis
2018
Small open economies such as Finland are particularly exposed to international market competition. In this article, Finland is analysed as a competition state where the pursuit of international advantages is a policy priority. Previously, Finland has been argued to be an exemplar of an economy following a strategy of radical transformation via creatively utilizing corporatist institutions instead of relying mainly on liberal reforms. In the 1990s, Finnish policymakers adopted policy ideas that emphasize technological change, innovation and education as a means to competitive edges and pursued these goals in a coordinated manner. This allowed Finland to adopt an export-led growth model and s…
Tržní hospodářství v katolickém sociálním učení – historický přehled a sociálněetická analýza
2016
Catholic social teaching, beginning in the 19th century, aimed at nurturing and improving Christian morality in the emerging industrialized societies. However, several significant studies demonstrate that changing social structures were also responsible for the ‘social question’ of the time. Consequently bishops, such as Ketteler, fought for social reforms and a new social order. Nevertheless, the idea that free market economy could play a significant role in coordinating economic agents seemed foreign to Catholic social teaching. In this paper, I argue that today Catholic social teaching acknowledges and appreciates market economies, if and insofar as they are regulated and understood in t…
Yearly quotas and country-reserved shares in Italian immigration policy
2008
Regular immigration to Italy is based on a quota system setting annual ceilings to legal entries. Reserved shares are granted to single countries or categories of countries. Reserved shares have been increased; they are used as an incentive to obtain the cooperation of countries of origin in stemming irregular migration flows. The total quota of regular immigration has gradually increased too. Still, it does not fully respond to the growing demand of foreign workers on the labour market, and quotas seem to be used as crypto-regularisations rather than as an instrument for regulating legal entries.
Seat Competitiveness and Redistricting: Evidence from Voting on Municipal Mergers
2013
We analyze how (anticipated) changes in the competitiveness of the seats of municipal councilors affect their voting behavior over municipal mergers. The competitiveness of the seats changes because the merger changes the composition of political competitors and the number of available seats in the next election. We use this variation for identification and find that the smaller the increase in the competitiveness of a councilor's seat, the more likely he is to vote for the merger. These effects are not related to the behavioral responses of the voters, but arise from the councilors’ desire to avoid electoral competition.
From state-owned smokestacks to post-industrial dreams : The Finnish government in business, 1970–2010
2020
While state-owned enterprises (SOEs) used to be considered obsolete tools for governmental intervention in the economy, in recent years governmental intervention in the business sector has re-emerged as a topic of debate. However, scholarship on the changes in and the modernisation of the SOE model is limited. In this article, we examine how the Finnish state’s ownership policy adapted to the requirements of economic globalisation between the 1970s and the 2010s. We show that the attitude towards globalisation was pragmatic and aimed at safeguarding the competitiveness of domestic companies. The state-owned company system was gradually adapted to meet new needs, losing most of its original …
Between-group competition and human cooperation.
2008
A distinctive feature of human behaviour is the widespread occurrence of cooperation among unrelated individuals. Explaining the maintenance of costly within-group cooperation is a challenge because the incentive to free ride on the efforts of other group members is expected to lead to decay of cooperation. However, the costs of cooperation can be diminished or overcome when there is competition at a higher level of organizational hierarchy. Here we show that competition between groups resolves the paradigmatic ‘public goods’ social dilemma and increases within-group cooperation and overall productivity. Further, group competition intensifies the moral emotions of anger and guilt associated…