scholarly journals To them that hath: economic complexity and local industrial strategy in the UK

2021 ◽  
Author(s):  
Penny Mealy ◽  
Diane Coyle
Keyword(s):  
Economic Performance ◽  
Low Complexity ◽  
Growth Opportunities ◽  
Left Behind ◽  
Economic Complexity ◽  
Great Heterogeneity ◽  
Common Policies ◽  
The Uk ◽  
Employment Data ◽  
Future Growth

AbstractDivergent economic performance in many countries has led to renewed interest in place-based policies, such as the UK’s local industrial strategies at the level of Combined Authorities or Local Economic Partnerships. However, an analysis of employment data using methods from the economic complexity literature demonstrates great heterogeneity in industrial strengths and future growth opportunities within those jurisdictions, raising challenges in designing common policies suited to all sub-geographies. Moreover, the ‘related’ industries into which low-complexity, low-wage local authorities could potentially diversify are also low-wage. Incremental policies building on existing local capacities are therefore likely to amplify divergence between prospering and left-behind areas.

scholarly journals Current challenges for women in orthopaedics

2021 ◽  
Vol 2 (10) ◽  
pp. 893-899
Author(s):  
Maryam Ahmed ◽  
Laura C. Hamilton
Keyword(s):  
Patient Outcomes ◽  
Lessons Learned ◽  
Business Sector ◽  
Left Behind ◽  
Diversity And Inclusion ◽  
The World ◽  
Female Surgeons ◽  
The Common ◽  
The Uk ◽  
The Military

Orthopaedics has been left behind in the worldwide drive towards diversity and inclusion. In the UK, only 7% of orthopaedic consultants are female. There is growing evidence that diversity increases innovation as well as patient outcomes. This paper has reviewed the literature to identify some of the common issues affecting female surgeons in orthopaedics, and ways in which we can address them: there is a wealth of evidence documenting the differences in the journey of men and women towards a consultant role. We also look at lessons learned from research in the business sector and the military. The ‘Hidden Curriculum’ is out of date and needs to enter the 21st century: microaggressions in the workplace must be challenged; we need to consider more flexible training options and support trainees who wish to become pregnant; mentors, both male and female, are imperative to provide support for trainees. The world has changed, and we need to consider how we can improve diversity to stay relevant and effective. Cite this article: Bone Jt Open 2021;2-10:893–899.

scholarly journals Untapped export opportunities of Serbian economy after a decade of investment and export based growth model

2021 ◽  
Vol 69 (3-4) ◽  
pp. 273-288
Author(s):  
Jasna Atanasijević ◽  
Duško Vasiljević ◽  
Zoran Nikolić ◽  
Olivera Pavlović
Keyword(s):  
Manufacturing Industry ◽  
Production Capacity ◽  
Electrical Equipment ◽  
Low Complexity ◽  
High Tech ◽  
Embedded Devices ◽  
Financial Reports ◽  
Economic Complexity ◽  
Transfer Of Technology ◽  
Limited Scale

Relying on the economic complexity and product space approach developed by Hidalgo and Haussmann [21], and using trade data, exporters' financial reports and available macroeconomic statistics, we try to assess the degree of transformation of structure and production potential of the Serbian economy over the last decade. We argue that although the overall economic complexity, as a decent predictor of higher economic growth, did slightly improve over the observed period, there is still large untapped potential in local knowledge and know-how. FDI inflow into manufacturing industry, as the most important factor of the transformation of the production structure and size of the economy, has contributed to growth in employment and export, improving the macro stability. On the other side, its contribution to the higher growth outlook by improving the production capacity was limited as FDI inflow has been directed mostly into low and medium-low technology industries with low complexity products. Moreover, it seems that the vertical spillover through linkages with local suppliers and transfer of technology, knowledge and practices could also be larger. In the same period, some positive developments of limited scale yet are reflected in emergence of a certain number of high-tech industries' products with high complexity, most likely produced by SMEs, such as electrical equipment, lighting, various software embedded devices, etc.

scholarly journals Determinants of the extent of forward looking information: Evidence from UK before financial crisis

2016 ◽  
Vol 13 (3) ◽  
pp. 17-32
Author(s):  
Suzan Abed ◽  
Basil Al-Najjar
Keyword(s):  
Information Asymmetry ◽  
Voluntary Disclosure ◽  
Audit Committee ◽  
Empirical Investigation ◽  
Growth Opportunities ◽  
Cross Listing ◽  
Corporate Size ◽  
The Uk ◽  
Financial Firm ◽  
Forward Looking

The study aims to propose a multi-theoretical framework based on information asymmetry and institutional theories by focusing on the OFR regulation changing period from 2004-2006. We carry out an empirical investigation to detect the extent of forward-looking information for a sample of 690 UK non-financial firm-year observations which are drawn from the top 500 UK. We show that the extent of voluntary disclosure of Forward Looking (FL) information is positively and significantly associated with growth opportunities, leadership, audit committee, competition rate, corporate size, and cross-listing. However, the extent of FL information is negatively and significantly associated with blockholders. This paper applies a multi-theoretical lens based on information asymmetry and institutional theories are employed in order to identify potential new determinants of voluntary disclosure in regards to forward-looking information in the UK context.

Brexit will bring Gibraltar closer to the EU

2021 ◽  
Keyword(s):  
State Aid ◽  
Unfair Competition ◽  
Growth Opportunities ◽  
Content Type ◽  
Illegal Migrants ◽  
Future Growth ◽  
The Eu

Significance The bilateral deal avoids a hard border by including Gibraltar in the Schengen free travel system. This also obliges Gibraltar to align more closely with EU rules in areas such as finance, labour and the environment. Impacts The removal of the land border between Spain and Gibraltar could make Spain more exposed to illegal migrants. UK state aid to Gibraltar that is perceived as fueling unfair competition could become an issue of tension between Brussels and London. Amid UK-EU tension, Gibraltar’s e-gaming services (25% of GDP) will look to Asia for future growth opportunities.

The flexibility of corporate payouts vis-à-vis capital investment: some UK evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ioannis Chasiotis ◽  
Andreas G. Georgantopoulos
Keyword(s):  
Fixed Effects ◽  
Firm Behavior ◽  
Estimation Methods ◽  
Share Repurchases ◽  
Quantile Regressions ◽  
Growth Opportunities ◽  
Content Type ◽  
Conditional Mean ◽  
Heterogeneous Firm ◽  
The Uk

PurposeThis study investigates the relative flexibility of payouts vis-à-vis investment in the UK, motivated by concerns regarding this market's distinct payout characteristics and limited relevant research. It addresses the information gap related to the use of conditional mean estimations and examines firm behavior across the investment distribution.Design/methodology/approachThe sample is an unbalanced panel of 6,173 firm-year observations, from 271 non-financial firms in the FTSE-All Share Index, during 1990–2019. Estimation methods include pooled- ordinary least squares (OLS) and firm fixed-effects regressions as well as unconditional quantile regressions with firm fixed effects.FindingsFor the “average” firm results show a negative relationship between share repurchases and investment, amplified in the presence of financial constraints and growth opportunities. Quantile regressions analysis reveals heterogeneous firm behavior as this relationship becomes stronger in successive quantiles of the investment distribution and disappears at the upper/lower extremes. Results suggest that UK firms exploit the inherent flexibility of share repurchases to facilitate investment. However, this flexibility appears irrelevant to firms with extremely high/low investment, characterized by significant differences in growth opportunities, cash flows and external financing cost. Dividends and investment are independent across the investment distribution, underlining the rigidity of dividends in the UK.Originality/valueTo the best of our knowledge, this is the first study to investigate the relative flexibility of payouts vis-à-vis investment in the UK, using firm-level financial data and at points other than the conditional mean. Its value lies in that it shows that share repurchases facilitate rather than impede investment and thus do not corroborate relevant concerns by economists and policymakers. Additionally, by utilizing a relatively new methodology it uncovered heterogeneous firm behavior across the investment distribution suggesting that conditional mean estimations should be applied with caution at least for highly heterogeneous samples.

The effect of realized future growth opportunities on insider trading

2021 ◽  
pp. 110154
Author(s):  
Gaofeng Zou ◽  
Shuchang Du ◽  
Yulong Yang ◽  
Zuo Huang
Keyword(s):  
Insider Trading ◽  
Growth Opportunities ◽  
Future Growth

Muslim Origins and Destinations

2019 ◽  
pp. 29-44
Author(s):  
Tahir Abbas
Keyword(s):  
Social Mobility ◽  
White Supremacy ◽  
Right Wing ◽  
Left Behind ◽  
Global North ◽  
Race Ethnicity ◽  
The Uk ◽  
The Right ◽  
Over Time ◽  
Downward Social Mobility

Patterns of racism in the Global North are correlated with the changing nature of globalization and its impact on individual economies, especially over the last four decades. The ‘left behind’ are groups in society who have faced considerable downward social mobility, with some becoming targeted by the mainstream and fringe right-wing groups who do this to release their pent up frustration towards the center of political and economic power. How this form of racism has evolved over time to focus on race, ethnicity, culture and now religion is explored in relation to the UK case, discussing the rise of Trump and the issue of Brexit as symptoms of a wider malaise affecting societies of the Global North. These forms of tribalism act to galvanize the right, combining racism with white supremacy, xenophobia and isolationism.

A Panel Data Analysis for Exploring the New Determinants of Growth in Small and Medium Sized Enterprises in India

2017 ◽  
Vol 8 (1) ◽  
pp. 1-23
Author(s):  
Manoj Kumar
Keyword(s):  
Firm Growth ◽  
Small And Medium Enterprises ◽  
Panel Data Analysis ◽  
Growth Opportunities ◽  
Tax Rate ◽  
Determining Factors ◽  
Main Determinants ◽  
And Performance ◽  
Medium Enterprises ◽  
Future Growth

The purpose of this paper is to explore the main determinants of growth in small and medium sized enterprises (SMEs) in India. The empirical research has suggested that firm growth is determined not only by the traditional characteristics of size and age but also by other firm-specific factors such as indebtedness, internal financing, future growth opportunities, process and product innovation, and organisational changes. No empirical evidence has been provided so far on which of these determining factors are associated with SMEs growth and performance in India. Using a panel dataset of 560 fast growing small and medium enterprises from India the author finds evidence that firm size and age can explain to a large extend the growth in SMEs in India. Firm specific characteristics such as short-term liquidity, future growth opportunities, internally generated funds, and factor productivity are found to be important factors in determining a firm's growth and performance. Economy-wide factors such as inflation and corporate income tax rate (but not gross domestic product) seem to have a significant effect on SMEs growth in India.

scholarly journals How serious is a devolved data deficit? A Welsh perspective

2018 ◽  
Vol 33 (8) ◽  
pp. 862-876
Author(s):  
Andrew Crawley ◽  
Max Munday ◽  
Annette Roberts
Keyword(s):  
Fiscal Policy ◽  
Economic Performance ◽  
Cost Effective ◽  
Input Output ◽  
Economic Data ◽  
Effective Manner ◽  
The Uk

Over the last decade the UK has seen greater fiscal devolution with both Wales and Scotland gaining additional powers. However, to date, such devolution has not been sufficiently accompanied by an increase in the production of more local economic data to assist policymaking choices. The paper considers this issue by first exploring, in general, the availability of local economic data with a focus on Input–Output tables and trade statistics. The case of Wales is then used to explore the problems associated with the lack of local economic data. The paper suggests that not providing the means to assess how fiscal policy might impact economic performance could present a particularly serious challenge for devolved governments. The conclusions discuss how a devolved data deficit might be overcome in a cost-effective manner.

Sign in / Sign up

Export Citation Format

Share Document