scholarly journals Econometric Analysis of the Impact of Financial Structure on Innovation Based on the Fixed Effects Panel Model

2021 ◽  
Vol 2021 ◽  
pp. 1-19
Author(s):  
Cheng-Ben Wang ◽  
Zhigang Huang
Keyword(s):  
Economic Development ◽  
Fixed Effects ◽  
Financial Structure ◽  
Healthy Development ◽  
Independent Innovation ◽  
Panel Model ◽  
International Dollar ◽  
Innovation Approach ◽  
The Impact

This study addresses the impact of financial structure on innovation. The mechanism of the impact of financial structure on innovation at different levels of economic development is elucidated from the perspective of optimal financial structure decision theory and development economics, and empirical evidence is provided using manufacturing data from 59 countries or regions for the period 1996–2015. The study finds that financial structure has no significant effect on innovation at lower levels of economic development, but at higher levels of economic development, market-based financial structure significantly promotes innovation in the industry. The role of financial structure in innovation shifts in the interval where per capita income is greater than 9747 International dollar (hereinafter called I$9747) and less than I$17070. This paper verifies that the innovation approach of technological imitation requires the support of a bank-based financial structure, while the innovation approach of independent innovation requires the support of a market-based financial structure. The differences in innovation approaches at different stages of economic development lead to the evolution of the inherent demand for financial structures in the economy. Promoting the evolution of financial structures according to the stage of economic development is of great significance in building an innovative country and leading the sustainable and healthy development of the economy.

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

scholarly journals Impact of Demographic Structure on Economic Development of Ukrainian Coastal Regions

2021 ◽  
Vol 13 (4) ◽  
pp. 1798
Author(s):  
Patrik Rovný ◽  
Serhiy Moroz ◽  
Jozef Palkovič ◽  
Elena Horská
Keyword(s):  
Economic Development ◽  
Fixed Effects ◽  
The Black Sea ◽  
Demographic Structure ◽  
Coastal Regions ◽  
Azov Sea ◽  
Economic State ◽  
Demographic Shifts ◽  
The Impact ◽  
Conflict Period

The main aim of our paper is to study peculiarities of two periods, i.e., the pre-conflict period (2004–2013) and conflict period (2014–2018), in the context of the impact of the demographic structure of the population on the economic growth and development of coastal regions of Ukraine. In the first step of the analysis, we investigate the relationship between the demographic shifts and selected economic indicators, using the Pearson’s correlation coefficient. In the next step of the analysis, we focus on the quantification of the impact of demographic indicators on the economic variables, based on the panel model with fixed effects. The received results confirm that the influence of the demographic stricture on the economic state of coastal regions changed significantly in the conflict period in comparison with the pre-conflict period, especially concerning income, unemployment, and the openness of the economy. Additionally, our findings show that while economic differences existed between the Azov Sea regions and the Black Sea regions in the pre-conflict period, they disappeared due to the economic deterioration of the Azov Sea regions during the conflict period. It is concluded that war affects adversely the population’s demographic structure, which inhibits the growth and economic development of Ukrainian coastal regions.

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

scholarly journals Applying Google Trends’ Search Popularity Indicator to Professional Cycling

2021 ◽  
pp. 152700252098832
Author(s):  
Alexander Genoe ◽  
Ronald Rousseau ◽  
Sandra Rousseau
Keyword(s):  
Fixed Effects ◽  
Global Scale ◽  
Google Trends ◽  
Panel Model ◽  
Tour De France ◽  
Country Preference ◽  
The Impact ◽  
Professional Cycling

This study uses Google Trends data to analyze the impact of the main events in the Tour de France 2019 on cyclists’ online popularity in 12 countries and at a global scale. A fixed effects panel model revealed a strong own-country preference. While online popularity increased with the duration of the Tour, race incidents strongly influenced online popularity. Besides the yellow jersey, winning a stage was more important than wearing the green, white or polka dot jersey for most regions. Still, on a global scale, young cyclists’ online popularity benefited more from wearing the white jersey than from winning a Tour stage.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

Wage Dispersion and Team Performance: The Moderation Role of Club Size

2021 ◽  
pp. 152700252110677
Author(s):  
Thadeu Gasparetto ◽  
Angel Barajas
Keyword(s):  
Team Performance ◽  
Fixed Effects ◽  
Ordinary Least Squares ◽  
Wage Dispersion ◽  
Financial Strength ◽  
Football Clubs ◽  
And Performance ◽  
The Impact ◽  
Robustness Check

Previous research on professional football offer conflicting results regarding the impact of wage dispersion on team performance. However, the existing intra-league heterogeneity among clubs is overlooked and could be the reason for the diverging outcomes. The aim of this paper is to reanalyze this relationship having the clubs’ size as moderator. Payroll – which captures the financial strength – is used as proxy of club size. Ordinary Least Squares regressions with season and league fixed effects are employed. Dispersion is measured by three indexes for robustness check. The outputs confirm the quadratic relationship between wage dispersion and performance, but adding that identical levels of dispersion have different impact on football clubs according to their financial strength.

The Columbia Regional Geospatial Service Center System

2013 ◽  
pp. 926-937
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

The Columbia Regional Geospatial Service Center System

2012 ◽  
pp. 566-577
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

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