scholarly journals Remittance trap: comparative approach of the Republic of Moldova and other ex-socialist countries

2021 ◽  
Vol 7 (2) ◽  
pp. 59-76
Author(s):  
Elina Benea-Popusoi ◽  
◽  
Polina Arivonici ◽  
Keyword(s):  
Side Effects ◽  
Sustainable Growth ◽  
Comparative Approach ◽  
Policy Recommendations ◽  
Business Climate ◽  
Short Term ◽  
Advantages And Disadvantages ◽  
Long Run ◽  
Capital Outflows ◽  
The Republic

The objective of our analysis has been to find out and elaborate on why some countries could not benefit from remittance inflows sent by migrants or even are getting into traps due to them. In the authors’ view, the remittance trap may be appraised, notably in the long run, as the dilemma in which a country finds itself when the high value of migrant remittance inflows leads to a high value of human and financial capital outflows, as well as to the moral hazard problem of the country's population and government. Accordingly, remittance trap negatively affects the sustainable growth and development of the economy which eventually deepens the country's dependence on remittances, proving the vicious nature of the trap. Furthermore, the paper focuses on identifying a competent set of policy recommendations for the countries that are remittance dependent. A natural conclusion of our research is that there is a thin line between remittances’ advantages and disadvantages, since in fact, short-term benefits very often turn out into long-run side effects, mainly as a result of mismanagement of remittance inflows, which correlates with unfavourable business climate and decreased willingness of the population to invest. Accordingly, the benefits and adverse side effects of remittance inflows are interdependent.

The Importance of Intellectual Capital for the Sustainable Growth of Regions

2020 ◽  
pp. 84-106
Author(s):  
Tamara Rađenović ◽  
Bojan Krstić
Keyword(s):  
Intellectual Capital ◽  
Knowledge Economy ◽  
Theory And Practice ◽  
Sustainable Growth ◽  
The Sustainable Development ◽  
Long Run ◽  
Starting Point ◽  
Good Starting Point ◽  
The Republic ◽  
Regional Development Strategies

In the knowledge economy era, the importance of intellectual capital as the source of value creation has been well recognized in theory and practice. Only those countries, regions, organizations, and individuals who understand the significance of intellectual resources can improve their performances in the long run. Hence, this chapter aims to investigate the importance of intellectual potentials for the sustainable development of regions. The main contribution of this chapter is the presented methodological framework for measuring the intellectual performance of regions. Additionally, this study provides empirical research regarding regions in the Republic of Serbia. The obtained results can be a good starting point for policymakers in designing regional development strategies and policies.

scholarly journals PROBLEMS OF ENTREPRENEURSHIP DEVELOPMENT IN THE PRODUCTION SECTOR IN THE REPUBLIC OF KAZAKHSTAN

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 24-29
Author(s):  
E. K. Utegenov ◽  
Zh. K. Zhanabayeva
Keyword(s):  
Free Market ◽  
Developed Countries ◽  
Quantitative Information ◽  
Sustainable Growth ◽  
Business Climate ◽  
Research Information ◽  
Development Fund ◽  
Production Sector ◽  
Entrepreneurship Development ◽  
The Republic

The purpose of the article is to analyze the application of mechanisms for the development of entrepreneurship in the production sector of the regions of Kazakhstan and develop proposals for its improvement. The research uses General scientific research methods such as observation, description, analysis and synthesis, as well as comparative, formal-logical and other methods of cognition. Statistical data and data on projects of Damu entrepreneurship Development Fund JSC, which provides assistance in the creation and development of small and medium-sized business projects in Kazakhstan, were used as a research information base. This article demonstrates and analyzes current quantitative information on the number of enterprises in the field of small and medium-sized businesses in the regional and industry context. In order to lay the foundations for more inclusive, rational and sustainable growth, Kazakhstan needs to diversify its production and export structure, as well as reduce its dependence on extractive industries by switching to new high-productivity industries. In particular, Kazakhstan should continue reforms aimed at improving the business climate and laying the foundations for the development of entrepreneurship in the production sector, which is connected not so much with natural resources as with innovation and human capital. Every year in the country there is a positive dynamic of growth in the number of enterprises in the field of small and medium-sized businesses. The study also reviewed reviews of the international company OECD (Organization for economic cooperation and development (OECD). OECD, eng. Organization for Economic Co-operation and Development (OECD) – international economic organization of developed countries that recognize the principles of representative democracy and free market economy.) for 2016-2019. The forms and sources of financing are investigated, and the features of the development of small and medium-sized enterprises in the Republic of Kazakhstan in the production sector aimed at stimulating and supporting entrepreneurship and SME activities, including related areas of research and innovation are determined. Measures are proposed to minimize regulatory requirements and improve mechanisms for supporting and protecting domestic producers working in the conditions of Kazakhstan's entry into the Eurasian economic space.

scholarly journals Advantages, Disadvantages and the Performance of Foreign Direct Investment in the Republic of Kosovo 2008-2019

2020 ◽  
Vol 4 (1) ◽  
pp. 14-19
Author(s):  
Getoar LUBENIQI
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Business Environment ◽  
Business Climate ◽  
Foreign Investments ◽  
Advantages And Disadvantages ◽  
Doing Business ◽  
The Republic

Economic development is an aspiration for every country in the world including Kosovo. Foreign Direct Investment (FDI) plays a very important role in the economic development of Kosovo which is in the process of transition. For Kosovo, it is essential to have an accelerated pace of economic growth, lower unemployment, higher quality of life, lower demographic migration and lower poverty rates, thus attracting FDI has a direct and very important role to play. Although Kosovo has a large number of advantages for attracting foreign investment, there are also a number of challenges or disadvantages that are very evident which negatively impact on current and potential investors in the future. Based on the data analysis, the overall trend of FDI has declined in recent years, therefore it is very important for Kosovo to develop further steps to improve the business climate in Kosovo and attract foreign investments. The purpose of this paper is to analyze the performance of FDI in Kosovo 2008-2019, to analyze the advantages and disadvantages of doing business in Kosovo, to identify where Kosovo stands in terms of doing business and what is new for Kosovo in a way that improve the business environment and attract foreign investment. To achieve this goal of comparative analysis and identification, the integrative review method was used.  Key words: Republic of Kosovo, Direct Foreign investments, Business environment, Economic Development, Doing Business.

Economics and Human Biology in Latin America

2016 ◽  
pp. 709-729
Author(s):  
Moramay Lopez Alonso
Keyword(s):  
Latin America ◽  
Latin American ◽  
Living Standards ◽  
Human Biology ◽  
Policy Recommendations ◽  
Advantages And Disadvantages ◽  
Health And Nutrition ◽  
Long Run ◽  
Obesity And Diabetes ◽  
Standards Of Living

This chapter examines scholarship in the field of economics and human biology from the pre-Columbian era to the present in the context of Latin America. This literature’s main themes consider the evolution of living standards in the very long run to shed light on the advantages and disadvantages of the human social development and organization process. The author examines how, through historical anthropometric studies, one can assess changes in biological standards of living to understand how they were affected by economic development in different Latin American regions. These studies confirm that anthropometric indicators are a proxy of living standards and inequality. This literature also adds to the comprehension of synergies between health and nutrition indicators and economic performance among different population groups; it shows that findings generated from this research can lead to public policy recommendations to address growing challenges in public health, such as obesity and diabetes.

scholarly journals OPPORTUNITIES TO USE THE TOURISM POTENTIAL OF TOVUZ REGION OF THE REPUBLIC OF AZERBAIJAN

2020 ◽  
pp. 15-21
Author(s):  
Elnara Ismailova
Keyword(s):  
Climatic Conditions ◽  
The State ◽  
Practical Significance ◽  
Comparative Approach ◽  
Direct Role ◽  
Advantages And Disadvantages ◽  
Study Results ◽  
Tourism Resources ◽  
The Republic ◽  
Tourism Potential

Purpose. In modern times, every country acts as a provider of sustainable socio-economic development of its regions, effectively using the potential of natural resources. Among these resources, tourism resources attract more attention. Thus, the potential of tourism resources is higher and plays a direct role in the development of the regions. Tourism provides a basis for high income and quick return on investment. In a broader sense, tourism is a means affecting the formation of the state budget, the improvement of villages and cities, the preservation of historical and architectural monuments, and the development of small and medium enterprises. The purpose of the article is to study the existing tourism potential in Tovuz region and to identify opportunities for effective use of this potential. In addition, it is to analyse the tourism facilities operating in Tovuz region and make recommendations for the organisation of new tourist routes. Methods. Comparative approach, historical-territorial, typological, field research, systematic analysis, and cartographic (GIS) method have been used during the study. Results. The article studies both natural and anthropogenic tourism resources of Tovuz region, analyses hotel industry, and provides tourist routes and their advantages. The article also identifies opportunities to use the tourism potential of Tovuz region, and finally gives the results and proposals developed on a scientific basis. Scientific novelty. The state programs adopted in connection with the development of the tourism sector in Azerbaijan have been analysed, the natural-climatic conditions in terms of tourism organisation in Tovuz region have been studied, as well as the advantages and disadvantages of accommodation enterprises operating in the region have been revealed. For the first time, both natural and anthropogenic monuments of Tovuz region have been analysed in a complex way, and a map reflecting “Tourism objects and tourist routes of Tovuz region” have been provided. The organisation of the following tourist routes in Tovuz region have been proposed: Tovuz-Govlar-Abdal-Aghdara-Aghabashlar; Tovuz-Dondar Gushchu-Vahidli; Tovuz-Yukhari Oysuzlu-Alibeyli; and Tovuz-Gushchu-Azafli-Bayramli-Asrik Jirdakhan. The practical significance. The obtained results can be used in the Tourism Agency of the Republic of Azerbaijan, the tourism information centre operating in the region, as well as in the implementation of tourism-oriented activities.

scholarly journals COMPARATIVE ANALYSIS OF ONLINE LOANS IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (5) ◽  
pp. 1593-1596
Author(s):  
Marina Blazhekovikj Toshevski
Keyword(s):  
Comparative Analysis ◽  
Financial Institutions ◽  
Short Term ◽  
Good Practices ◽  
Advantages And Disadvantages ◽  
Republic Of Macedonia ◽  
The Republic

When the customer can not realize the goals from his own resources, then he starts using other sources of funding even though the conditions for their use are less favorable.In this paper, will be made an analysis of online (fast) loans in the Republic of Macedonia. Below are the conditions that they offer, their characteristics, advantages and disadvantages as well as their concern for the users. Also, will be made a comparative analysis between certain online (fast) loans offered in the Republic of Macedonia. These are non-bank financial institutions that provide customers quick and easy solutions in case of short-term financing. These are companies oriented towards users who actively work to fulfill the established good practices in relations with them and impose their fast performance as a market norm.

scholarly journals Faktor-Faktor yang mempengaruhi Penyerapan Tenaga Kerja pada Sektor UMKM di Indonesia: Pendekatan Error Correction Model

2020 ◽  
Vol 12 (1) ◽  
pp. 76-88
Author(s):  
A. Azhari
Keyword(s):  
Error Correction ◽  
Business Management ◽  
Error Correction Model ◽  
Business Climate ◽  
Short Term ◽  
Correction Model ◽  
Independent Variables ◽  
Long Run ◽  
Relationship Of

The research aims to examine the short-term and long-term relationship of the MSMEs sector toward absorption employment in Indonesia.  The method used is error correction model (ECM). The variables consisted of the number of MSMEs units, GDP and investment as independent variables, and MSME labor as the dependent variable. The data is used from 1996 to 2018. The results show that in the short term the number of MSMEs and GDP has a significant effect on employment in Indonesia; whereas only the number of MSMEs units will affect the employment of the MSME sector in Indonesia in the long run,. MSMEs are expected to increase their capacity in terms of business management. For policymakers and other stakeholders should to create programs in effort to increase the number of MSMEs as well as creating a conducive business climate for MSMEs players in Indonesia.

scholarly journals The Long-Run and Short-Run Endogeneity of Money Supply in the Republic of Macedonia: An Empirical Analysis

2019 ◽  
Author(s):  
Milica Milosheska Gavrovska ◽  
Trajko Slaveski
Keyword(s):  
Money Supply ◽  
Econometric Model ◽  
Real Economy ◽  
Short Term ◽  
Monetary Policies ◽  
Republic Of Macedonia ◽  
Long Run ◽  
Short Run ◽  
Money Creation ◽  
The Republic

The aim of this paper is to assess the endogenous and exogenous approaches on the money creation process on empirical grounds, through analysis in the case of the Republic of Macedonia. Using the ARDL econometric model, it has been determined that the money supply in the Republic of Macedonia in the period January 2003 - August 2018 is endogenously determined in the long run. The empirical results in the short term show bidirectional causality between deposits and monetary base, as well as between deposits and loans. However, in the end, the central bank in the Republic of Macedonia has an influence on the money supply. The exogenous monetary policies based on money supply control, can positively influence the amount of liquidity held by commercial banks and, hence, increase the supply of loans, but the demand for loans is still important when stimulating the entry of liquidity in the real economy.

scholarly journals SWOT-ANALYSIS OF ACCOUNTING OUTSOURCING

2019 ◽  
Vol 3 (43) ◽  
pp. 7-19
Author(s):  
Galyna Liakhovych ◽  
Svitlana Bezruchuk ◽  
Valentyna Ivanenko ◽  
Svitlana Laichuk
Keyword(s):  
Decision Making ◽  
Critical Analysis ◽  
Swot Analysis ◽  
Extended Model ◽  
Short Term ◽  
Advantages And Disadvantages ◽  
Long Run ◽  
Key Points ◽  
Potential Risks

A SWOT-analysis is considered as a tool of the strategic management for determining the feasibility of using accounting outsourcing as a way of the enterprise optimisation. It was found that the main interaction forms between the contractor and the customer of accounting outsourcing are the following ones: provision of accounting services; keeping records of only certain transactions or objects; integrated accounting and analytical support of all the enterprise activities; performance of the duties of the senior accounting officer of the enterprise. The list of enterprises, for which it is recommended to use accounting outsourcing is expanded, in particular newly created enterprises in a crisis condition; enterprises engaged in activities abroad; large enterprises, etc. The critical analysis of the advantages and disadvantages of accounting outsourcing is carried out and the necessity of SWOT-analysis potential risks and advantages of using accounting outsourcing in the short-term and long-term prospects are emphasised. It is noted that each advantage may pose a threat to the enterprise without taking into account certain key points of using accounting outsourcing, while the potential risks of using accounting outsourcing in the long run may be an advantage for the enterprise. The internal and external environments were analysed with the help of the extended model of SWOT-analysis from the position of the strengths and weaknesses of the enterprise, its capabilities and expected threats. An algorithm for enhancing the benefits and eliminating the shortcomings of accounting outsourcing should be developed during the decision-making on the usage of outsourcing in the enterprise activities. According to the results of SWOT-analysis, a matrix of measures on the expediency of accounting outsourcing has been formed, which will allow to predict the threats and potential opportunities at the stage of planning the use or refusal to use the accounting outsourcing services.

Excuses and Character: Personal and Social Implications of Excuses

2001 ◽  
Vol 5 (1) ◽  
pp. 15-32 ◽  
Author(s):  
Barry R. Schlenker ◽  
Beth A. Pontari ◽  
Andrew N. Christopher
Keyword(s):  
Conceptual Framework ◽  
The Self ◽  
Social Implications ◽  
Short Term ◽  
Team Members ◽  
Advantages And Disadvantages ◽  
Long Run ◽  
To Receive ◽  
Recurring Tasks

Recent research has emphasized the effectiveness of excuses in protecting the self from the implications of failures and transgressions. The disadvantages of excuses have been relatively neglected. The triangle model of responsibility provides a conceptual framework to analyze how excuses disengage the self from events and the conditions under which advantages and disadvantages accrue. On the disadvantage side, excuse-makers risk being seen as deceptive, self-absorbed, and ineffectual; they are viewed as unreliable social participants with flawed character These undesired consequences result when excuses are used in ways that lower credibility (e.g., fail to receive corroboration), lower goodwill (e.g., blamefailures on team members), and produce long-term disengagement (e.g., lead to failures to correct personal deficiencies). It is proposed that excuses are effective in the long run only if they balance short-term disengagement of the self and long-term engagement. Excuses are especially problematic when used to disengage the self from important, recurring tasks.

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