Search results for "macroeconomics"
showing 10 items of 477 documents
“The Limits” of Economic Growth in Romania
2014
Abstract A sustainable economic growth of GDP of 3-4% annually in Romania for the reduction of gaps in development was considered impossible by most institutions of various skill and opinion leaders, as well as of international financial bodies. The reasons cited were delayed public reforms, low growth potential as a result of the crisis, the overview status of the states in the Eurozone dependent on inside community trade and also the prospects for a lasting economic stagnation, the balance sheet effect, as a result of over indebtedness of firms and individuals that substantially reduced inclination towards investment and consumption. Contradicting these forecasts, in 2013, Romania's econo…
Geographical cues: evidences from New and Old World countries' wine consumers
2020
PurposeThis systematic review aims to investigate how geographical cues affect wine consumers' behaviors, with reference to the New and Old Worlds, and accordingly, how are recent consumption patterns and new consumer profiles modifying roles of geographical cues?Design/methodology/approachThis work employed a systematic literature review methodology on the extant literature published from 2009 to 2019.FindingsResults, summarized in a conceptual framework, emphasize five thematic areas on how geographical cues should be considered for future research and for new marketing strategies to capture consumers of New and Old World wines. Consumers' wine knowledge, socio-ethno-demographic factors, …
Recent Developments in International Investment Law
2016
International investment law remains a fast evolving and vibrant field of law with ongoing and recently-concluded investment treaty negotiations continually altering the status quo. It is a system at a crossroads of reform, generally focused on safeguarding the right of the host state to regulate and on improving the investor-state dispute settlement (ISDS) mechanism. But reform may also come into play in more far-reaching ways and significant changes are likely to see the day in the near future. One such change concerns the institutional architecture of the resolution of investment disputes, with the possible establishment of a permanent investment court and/or the introduction of an appel…
Education, Growth and Development
2016
The link between higher-education investment and growth is more relevant when a country’s economy is no longer based on imitation, and begins to rely instead, on innovation as the main engine for growth. The knowledge triangle – research, education and innovation – was a core factor in European efforts to meet the Lisbon strategy and its stated objective that knowledge should help the European economy become the most dynamic knowledge-based one in the world. The failure of the Lisbon strategy was later conducive to a new ambitious scheme, namely Horizon 2020. Human capital, when transposed to educational matters, helps put forward an assessment of the relevance of the neo-Schumpeterian view…
COVID-19 y libre circulación de inversiones: un (muy) difícil matrimonio (COVID-19 and Free Movement of Investment: A (Very) Difficult Marriage)
2020
Spanish Abstract: Las inversiones extranjeras estan siendo objeto de una aproximacion mas cautelosa y critica en los ultimos anos en gran numero de paises. Una posicion que se refleja en su regimen juridico y se manifiesta, entre otros extremos, en el diseno de mecanismos de control previo con base en su eventual contrariedad con la seguridad nacional del pais receptor. La pandemia del COVID-19 no ha hecho sino acentuar esta tendencia. La posicion mantenida por la UE al respecto, y la suspension de la libre circulacion de inversiones decidida por el Gobierno espanol son manifestaciones de ello que, todo apunta, han venido para perdurar. English Abstract: In recent years, foreign investment …
Aproximación a la Geografía del despilfarro en España: balance de las últimas dos décadas
2018
Este trabajo pretende ser una primera aproximación a la dimensión del despilfarro de recursos públicos en infraestructuras en España desde 1995 hasta la actualidad en los distintos niveles de gobierno. A partir de algunas precisiones sobre los conceptos de despilfarro y corrupción, se analiza, de una parte, la inversión y los sobrecostes en infraestructuras innecesarias impulsadas y ejecutadas por la Administración General del Estado en el ámbito de sus competencias, y de otra, infraestructuras, proyectos, eventos e inversiones fallidas, vacías o infrautilizadas acometidas por las Comunidades Autónomas y los gobiernos locales. Se abordan los déficit de marco institucional y de gobernanza te…
Economic analysis of PV systems on buildings in Sicilian farms
2013
Abstract The photovoltaic sector in Italy in recent years has experienced a rapid growth also in the primary sector, thanks to substantial incentives guaranteed by energy policies, simultaneous reduction of investment costs and tax benefits. In order to better understand the growth of the PV industry in Italian primary sector, the aim of this paper has been to evaluate the economic convenience of four PV systems on farm buildings located in four different farms of the north-western coast of Sicily and realized during the second and fourth Italian feed-in schemes. For each feed-in scheme it has been considered a PV plant that sells the electricity to the grid and another in which the energy …
The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations
2015
Pastor J. M. and Peraita C. The tax returns of public spending on universities: an estimate with Monte Carlo simulations, Regional Studies. This paper proposes a methodology based on counterfactual scenarios and the existence of uncertainty to estimate the tax returns of public spending of regional governments on their public universities. The introduction of differences in the time spent by the students at university and the proportion of the total public expenditure implies making assumptions about uncertainty. The paper applies Monte Carlo simulations incorporating stochastic elements to estimate the tax returns of public spending in the University of the Basque Country (Spain). The resu…
The Real Effect of Financial Crises in the European Transition Economies
2010
Working Paper GATE 2009-20; International audience; The aim of this work is to assess the impact of financial crises on output for 11 European transition economies (CEECs). The results suggest that financial crises have a significant and permanent effect, lowering long-term output by about 17 percent. The effect is more important in smaller countries, with relative higher dependence on external financing, and in which the banking sector noticed more important financial disequilibria. We also found that fiscal policy measures have been the most efficient tools in dealing with the crises, while the role of monetary policy instruments has been rather blinded. Exchange rate resulted to be more …
Cryptocurrency as an Investment Instrument in a Modern Financial Market
2019
This paper considers the development of attractive strategies featuring cryptocurrency assets, considering their costs and potential risks. The object of analysis in this paper is cryptocurren- cy as an investment instrument. The main hypothesis of the research is that modern portfolio theory can be applied to cryptocurrency investments to design an investment portfolio with appropriate risk and profitability characteristics. The authors of the paper: (i) place crypto- currencies in the context of modern financial market and financial technology development; (ii) develop assessment criteria for determining attractiveness of individual cryptocurrencies; and (iii) develop recommendations for …