Incorporating demand-side aspects into regional policy: variations in the importance of private investment decision factors across regions

This article examines the transformation of the European Economic Community's (EEC) regional policy paradigms from the early 1970s, when negotiations for the creation of the European Regional Development Fund (ERDF) began, until the approval of the Single European Act. The article identifies this period as the beginning of a deep transition from demand-side "interventionist" and "neo-mercantilist" models — typical of certain regional policies used up to that time by member states (primarily by Italy) — towards more openly neoliberal models. My analysis of the harsh conflicts within the Regional Policy Committee (the national technocracies' representative body in charge of managing the ERDF) and between the committee and the European Commission demonstrate that this outcome was not at all taken for granted. It was determined, above all, by the overload of objectives of EEC regional policy in a context of scarce resources, and by the progressive lack of trust in the role of public intervention.

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Investment Decision Factors Influencing the Share Market Investors in Chennai City

Indian Journal of Public Health Research & Development ◽

10.5958/0976-5506.2018.00555.7 ◽

2018 ◽

Vol 9 (6) ◽

pp. 229

Author(s):

V Venkatragavan ◽

M Chandran

Keyword(s):

Investment Decision ◽

Decision Factors ◽

Factors Influencing ◽

Chennai City

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China's Inflation: Demand-Pull or Cost-Push?

Asian Economic Papers ◽

10.1162/asep_a_00169 ◽

2012 ◽

Vol 11 (3) ◽

pp. 92-106 ◽

Cited By ~ 3

Author(s):

Xiaojing Zhang

Keyword(s):

Private Investment ◽

Supply Side ◽

Demand Side ◽

Inflation Pressure ◽

Pull Factors ◽

Push Factors ◽

The Past ◽

Demand Pull ◽

The Cost

This paper studies the determinants of China's inflation and finds that demand-pull factors have been more important than cost-push factors in driving the inflation in the past decade. Because China's economic growth will gradually moderate and because the adjustment of the prices of the factors of production is also underway, the cost-push factors may soon play a more significant role in driving future inflation. Thus the Keynesian-style demand-side policy will not be enough to control inflation. More attention must now be given to supply-side management—such as dismantling monopolies, boosting private investment, encouraging innovation, and improving productivity—to mitigate the medium- to long-term inflation pressure.

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AN ENHANCED TECHNO-ECONOMIC ANALYSIS OF LCOE: PUBLIC INCENTIVES VS PRIVATE INVESTMENT

Technological and Economic Development of Economy ◽

10.3846/tede.2020.11259 ◽

2020 ◽

Vol 0 (0) ◽

pp. 1-23

Author(s):

Rogelio Peón Menéndez ◽

Alejandro Parra Martín ◽

Laura Varela-Candamio ◽

María-Teresa García-Álvarez

Keyword(s):

Investment Decision ◽

Private Investment ◽

Scientific Basis ◽

Electricity Production ◽

New Approach ◽

Investment Decision Making ◽

Cost Of Energy ◽

Technological Developments ◽

Dominant Market Position

This paper offers a new approach for the estimation of levelized cost of energy (LCOE) by considering the shareholder internal rate of return (IRR) as an unexplored measure in this kind of analysis. The study relies on a comprehensive techno-economic evaluation based on interactions among a set of factors. This mathematical model is then empirically tested for a CSP power plant in Extremadura (Spain) due to their dominant market position and also for being the most developed renewable system at the present. A sensitivity analysis is also performed to establish the influence that market conditions have on the determination of LCOE for different scenarios under the maintenance of a given shareholder IRR for investors. This last assumption makes investment decisions indifferent among several projects in order to focus solely on the minimization of the LCOE. Results reveal that while the annual net electricity production contributes to the reduction of LCOE, total investments, equity percentage and operation and maintenance (O&M) costs help to increase their value by a high percentage. This study gives important scientific basis for investment decision making and also becomes a standpoint to design suitable public incentives that may enhance future technological developments in the CSP generation industry.

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DOES FISCAL DEFICIT CROWD OUT PRIVATE CORPORATE SECTOR INVESTMENT IN INDIA?

The Singapore Economic Review ◽

10.1142/s0217590816500302 ◽

2016 ◽

Vol 64 (05) ◽

pp. 1201-1224 ◽

Cited By ~ 1

Author(s):

RANJAN KUMAR MOHANTY

Keyword(s):

Negative Impact ◽

Investment Decision ◽

Private Investment ◽

Fiscal Deficit ◽

Corporate Sector ◽

Significant Negative Impact ◽

Short Run ◽

Financing Pattern ◽

The Government ◽

The Impact

This paper examines the impact of fiscal deficit and its financing pattern on private corporate sector investment in India, for the period from 1970–1971 to 2012–2013. Using Autoregressive Distributed Lag (ARDL) Models, the study finds that fiscal deficit crowds out private investment both in the long run and in the short run. The results also show that internal (domestic) financing of fiscal deficit has significant negative impact on private investment but external (foreign) financing of fiscal deficit has insignificant effect. In the short run, availability of bank credit plays a more important role in investment decision making than the rate of interest in India. The study suggests that government should maintain the fiscal deficit within a sustainable level by reducing its unnecessary non-developmental expenditure, subsidies etc. The government should restructure its financing pattern of fiscal deficit since internal financing has a significant negative impact on private investment.

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Private investment in residential real estate viewed through personal behavioral traits of the agent: Evidence from St. Petersburg

Finance and Credit ◽

10.24891/fc.27.3.627 ◽

2021 ◽

Vol 27 (3) ◽

pp. 627-648

Author(s):

Ella Yu. PAVEL'EVA

Keyword(s):

Real Estate ◽

Professional Training ◽

Consumer Preferences ◽

Investment Decision ◽

Private Investment ◽

Residential Property ◽

Individual Investors ◽

Residential Real Estate ◽

Consumer Interests ◽

Private Investors

Subject. Professional training of decision-makers influences investment decision private or individual investors make. Decisions on real estate investment are subject to biased consumer preferences resulting from investment or consumer interests. Hence, choosing a residential real estate item to purchase/rent, future buyers have their own psychological and emotional opinion on values. Objectives. I provide my own interpretation of residential real estate appraised by the private investor, considering their psychological and emotional traits. Methods. I applied general scientific and special methods of research to study the residential real estate appraisal, such as the retrospective, systems and functional-structural analysis, observation, classification, instrumental techniques for grouping, sampling, comparison and generalization, evolutionary and dynamic analysis, surveys and sorting out of the findings. Results. Private investors make choices, referring to their own personal trains, such as behavior, personal beliefs and values. I suggest considering the market segmentation on the basis of value-based method and evaluating the given segment. I tested the technique, referring to the Saint-Petersburg market of real estate. Various social groups of private investors were found to choose different residential properties and have different priorities in choosing an apartment for purchase or rent. They have greater expectations about the quality of rented housing than a residential property item to be purchased for their own use. Conclusions and Relevance. I investigated the relationship of investors’ behavior and investment lucrativeness of a residential property item. I discovered key aspects of lucrativeness for investors and provide guidelines for coordination of investors’ choices in line with their personal preferences.

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