Search results for "macroeconomic"
showing 10 items of 503 documents
Chinese ‘Enormous Hospitality’ Versus Finnish ‘Meeting Among Friends’ : Guest-Host Positioning in China Finland Delegation Visits
2017
The importance of co-operation with China has been growing in Finland lately in view of interest to attract Chinese investments and the increasing importance of China on a global scale. Finland has established governmental agencies to aid Chinese investment and ensured the co-operation of regional and local governments in the framework activities, such as town twinning. An important part of investment facilitation and wider co-operation comprises delegation visits by both interested nations to the other country. These involve enterprise interest matchmaking events, meetings with officials, company visits, etc. Based on interview and observation data, this paper elaborates on how the phenome…
Finnish–Chinese investment negotiation: power positioning and search for common ground
2018
This article explores what kind of a role ‘the rise of China’ plays in negotiation and searches for common ground between Finnish and Chinese representatives in the context of Chinese investment, t...
Consumer protection in financial services – towards greater transparency with a key information document for packaged retail investment products
2012
Consumer protection in financial services – towards greater transparency with a Key Information Document for Packaged Retail Investment Products
Investigating Aid Effectiveness in Developing Countries: The Case of Nepal
2020
Foreign aid serves as an important source of capital for any developing or under-developed country. It is very important to see how the recipient country can utilize this aid in the economic upliftment of the nation. Taking a case of Nepalese economy, this paper investigates the effectiveness of foreign aid in developing countries. The result from Johansen’s cointegration test reveals that foreign aid independently is not adequate for the economic growth. Increased capital and technological infrastructures, improved skills on human capital, on the other hand, significantly changes the result for the positive aid impact on growth in the long run. Therefore, we can conclude that a good policy…
BASIC RESEARCH AND DEVELOPMENT IN VERTICAL MARKETS*
2012
This paper considers the role of basic research and development (R&D) investment in vertical markets in which an incumbent owner of a basic technological input faces potential competition. We identify the conditions under which the socially optimal investment in basic research involves entry by new firms. Our main insight is that there is a role for public investment in R&D that appears to have been overlooked in the existing literature. This role draws on the idea that basic R&D adds to the credibility of the threat of the potential development of alternative technologies by reducing their implementation costs.
Modelling the labour market of minority ethnic groups
2012
Abstract This paper investigates the effects, in terms of labour and macroeconomic indicators, of closing the gap between the ethnic minority employment rate and the overall population rate using a computable general equilibrium modelling framework. The labour market has been integrated by indicators related to ethnicity, employment status and occupational class. The policy test has been designed for the UK. According to the results, the policy actions aimed to remove the barriers that contribute to the unemployment of the minority ethnic groups improve not only the employment and occupational status of these groups, but the effects are also positive in terms of aggregate employment, GDP, t…
A Study Regarding the Use of Expert Systems in Economics Field
2013
Abstract Expert systems simulate the formal reasoning of human expert in a narrow field like stock trading. The traditional method is using IF-THEN rules. Nowadays, Belief Rule Base (BRB) expert systems are capable to perform reasoning based both qualitative and quantitative information. The paper presents a SWOT analysis of expert systems, emphasizing the opportunities the use of expert systems offers to economics field. Using expert systems in economics field provides strategic benefits like: competitive financial advantages, investment advisory, better organisation of workflow, back-up for key experts, training tool for new employees, diagnosis of critical aspects, prognosis of economic …
SOCIAL CAPITAL AND BANK PERFORMANCE: AN INTERNATIONAL COMPARISON FOR OECD COUNTRIES
2008
Over the last few years the literature on social capital and bank efficiency analysis has expanded rapidly. We merge them by analysing how social capital affects bank efficiency in OECD countries. We use activity analysis techniques to measure efficiency, and social capital, which is related to the concept of generalized trust, is considered an environmental variable. Results suggest that the effect of social capital is more relevant for those financial institutions operating in low-social-capital environments. In these cases, inefficiencies are biased upwards, and controlling for social capital enables these banks to move up in the efficiency rankings.
Consumption patterns, development and growth: Adam Smith, David Ricardo and Thomas Robert Malthus
2003
In this paper we combine the classical analysis of luxury consumption with the classical theories of development and growth. We also focus on the role played, within classical economics, by institutional factors such as the structure of property rights and contractual arrangements in determining consumption patterns and investment in agriculture. In particular, we show that Ricardo's and Malthus' different views on the role of consumption expenditure in promoting growth depend on Ricardo's acceptance (Malthus' refusal) of Say's law of markets and on Ricardo's exclusion (Malthus' inclusion) of a non-commodity option such as leisure from (in) the range of available consumption alternatives.
Economic Impacts of Cultural Events on Local Economies: An Input—Output Analysis of the Kaustinen Folk Music Festival
2005
This paper examines the economic impacts of Finland's Kaustinen Folk Music Festival. The impacts are calculated on output, demand and wages, employment and on national and regional taxes. The results indicate, first, that the effects of the festival on output are about ₠1.7 million. Kaustinen can also be seen as a good investment for the local municipality, as regional tax revenues increased by about ₠65,600 in the year studied, while the annual subsidy was ₠40,365. From the perspective of the Keski-Pohjanmaa region as a whole, the Kaustinen Folk Music Festival has a substantial impact on regional incomes through subsidies (about one-fifth of the costs of the festival is offset by subsidie…