Search results for "government policy"
showing 10 items of 19 documents
Quantifying Structural Subsidy Values for Systemically Important Financial Institutions
2013
Abstract Claimants to Systemically Important Financial Institutions (SIFIs) would receive transfers when governments are forced into bailouts. Ex ante, this bailout expectation lowers SIFIs’ daily funding costs. The funding cost advantage reflects both the structural level of the government support and the time-varying market valuation for such a support. Based on a large worldwide sample of banks, we estimate the value of the structural subsidy, by exploiting expectations of state support embedded in credit ratings and by applying the long-run average value of the rating bonus. The value of the structural subsidy was already sizable, 60 basis points (bp), as of the end-2007, before the cri…
Small business in a small country and the role of government (the case of Georgia)
2019
Problem statement: The value of small and medium-sized enterprises (SMEs) for a national economy is recognized all over the world. Georgia is not an exception. Georgian government has declared the importance of the creation of a strong private sector in strategic documents - “Socio-Economic Development Strategy of Georgia – Georgia 2020” (2014) and “For a Strong, Democratic and United Georgia” (2015), first of all. In line with country’s general strategy - to achieve economic growth through private sector development - more proactive reforms to develop entrepreneurship, start-ups and build a competitive SME sector have been developed and special program -“SME Development Strategy 2016-2020”…
Some aspects for modern solutions for strengthening social resilience as guarantee for the future well-being of an open and inclusive society
2021
Social inclusion and reduction of inequalities is becoming an increasingly topical problem in a range of OECD countries, due to the demographic structure of inhabitants and inequality of income, in many cases depending on labour contribution taking into account skills and competence often lacking for part of population gaining education many years ago. Big share of this part of the population currently is not able to keep the speed of technology development and increase of requirements for digital skills and internet use. The aim of the current research is to investigate possible solutions to address social inclusion by possible involvement in the labour market of different groups at risk –…
Improving Teachers' Professionalism on an Experimental Basis
2013
International audience; While education economists have paid considerable attention to the performance of the education sectors, they have placed little emphasis on the management of the pedagogical process. In the context of developing countries, there are clear signs of weak management and too many school personnel neglect tasks deemed essential for student learning. Using data from a large - scale experiment conducted recently in Madagascar, thearticle analyzes the variations in impact of a set of management interventions designed to improve the engagement at work of public primary school teachers. While school - level interventions raise the teachers' level of professionalism on average…
El esfuerzo en el trabajo de los docentes: el impacto del experimento AGEMAD
2014
International audience; Utilizando datos de un experimento randomizado realizado en Madagascar durante dos años escolares completos, se evalúan las heterogeneidades de impacto de unas intervenciones específicamente diseñadas para mejorar la gestión del proceso pedagógico en la escuelas primarias. Nuestros resultados muestran que intervenciones intensivas y directas a lo largo de la jerarquía educativa permiten cambiar el comportamiento de los docentes de manera significativa. Sin embargo, el impacto medio del programa oculta una gran heterogeneidad. Los maestros que tenían pocos alumnos así como los que tenían unas buenas condiciones de trabajo se beneficiaron más de las mismas. Por el cont…
Actuar para mejorar la implicacion en el trabajo de los docentes: resultados diferenciados de un experimento randomizado
2013
En ligne sur http://2013.economicsofeducation.com/user/pdfsesiones/106.pdf?PHPSESSID=vg6pgcqhd5dl52aenlhacj17k6; International audience; Utilizando datos de un experimento randomizado realizado en Madagascar durante dos años escolares completos, se evalúan las heterogeneidades de impacto de unas intervenciones específicamente diseñadas para mejorar la gestión del proceso pedagógico en la escuelas primarias. Nuestros resultados muestran que intervenciones intensivas y directas a lo largo de la jerarquía educativa permiten cambiar el comportamiento de los docentes de manera significativa. Sin embargo, el impacto medio del programa oculta una gran heterogeneidad. Los maestros que tenían pocos …
Spatial effects of urban public policies on housing values
2009
International audience; Problems of spatial segregation have often stressed on the social status and social capital of a neighbourhood as main driving forces behind housing price formation. In this paper, it is assumed that spatial effects are additional variables worth considering since the impact of urban policies such as social housing policies and urban regeneration policies may permeate outside the areas where they are implemented. Our case study is of the urban area of Dijon (France), where these two types of urban policies have been implemented in the last three decades. Spatial effects are introduced in the hedonic model and a spatial error model is estimated, revealing a positive a…
The macroeconomic effects of public investment: Evidence from advanced economies
2015
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting ou…
Influence of pillar 3 of pension system on retirement pensions level in Poland : will voluntary part of system enable decent life in old age?
2021
PURPOSE: The aim of this paper is the comparative analysis of the general saving ways included in pillar 3 of the pension system and showing their potential effectiveness from the perspective of the pension system participant. Will the resources allocated by the instruments of the voluntary pension system part significantly improve the level of the future pension? Will they allow a more decent life for an average Polish citizen in the period of the old age?
Vingt ans de réformes des systèmes éducatifs dans les pays en développement
2005
La situation politique, économique et sociale des pays en développement est difficile alors que pratiquement tous, depuis maintenant plus de vingt ans, ont mis en œuvre des réformes très importantes élaborées en fonction des plans d'ajustement structurel initiés par le FMI, et financées par des projets soutenus par les grands bailleurs de fonds internationaux (multilatéraux ou bilatéraux). Panvi ces pays, cinquante et un ont été identifiés par la Banque mondiale comme présentant un niveau de développement tellement faible, associé à un taux d'endettement tellement élevé, qu'ils sont susceptibles de bénéficier de l'initiative dite PPTE (Pays Pauvres Très Endettés). L'objectif prioritaire de …