Chapter I. The Medium Term: Prospects and Problems

1980 ◽  
Vol 94 ◽  
pp. 6-19 ◽  
Keyword(s):  
Sustainable Growth ◽  
Financial Statement ◽  
Significant Shift ◽  
Medium Term ◽  
Short Term ◽  
Financial Strategy ◽  
Role Of Government ◽  
To Come

The focus of interest of macroeconomic policy has been moving away from the short term towards the medium term. Partly this is because the present recession, already deeper than any experienced since the war, seems still to have some way to go, and the question is hotly debated when, and how strongly, a recovery may be expected to come. But, with the new government, there has also been a significant shift in the attitude towards management of the economy. The government's objectives for the medium term, enunciated in the Financial Statement and Budget Report 1980-81, are ‘to bring down the rate of inflation and to create conditions for a sustainable growth of output and employment’. This reduction in the rate of inflation is to be brought about by a ‘Medium-Term Financial Strategy’ which is based on the idea that the role of government should be to announce, and subsequently adhere to, a sequence of declining targets for £M3 and the PSBR.

scholarly journals Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

2021 ◽  
Vol 13 (11) ◽  
pp. 6009
Author(s):  
Se-Kyoung Choi ◽  
Sangyun Han ◽  
Kyu-Tae Kwak
Keyword(s):  
Firm Performance ◽  
Financial Support ◽  
Political Support ◽  
Sustainable Growth ◽  
Government Support ◽  
Role Of Government ◽  
Positive Effects ◽  
Start Up ◽  
Start Ups

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

Fiscal Capacity

2011 ◽  
Author(s):  
Timothy Besley ◽  
Torsten Persson
Keyword(s):  
Public Finance ◽  
Political Institutions ◽  
State Building ◽  
Political Factors ◽  
Role Of Government ◽  
Fiscal Capacity ◽  
Common Interests ◽  
To Come ◽  
Microeconomic Foundations

This chapter explores the forces that shape investments in fiscal capacity. It sets out a core model that shows how this aspect of state building is influenced by economic and political factors, such as common interests and political institutions. A key feature of the model has been to delineate the types of states that can emerge in equilibrium. It also shows that the model can be given microeconomic foundations and demonstrates how it can be extended in a number of directions that lead to more realism. The main focus of the chapter has been on the extractive role of government and on some of the issues raised in traditional public-finance models. This has laid the groundwork for the analyses to come.

US Republicans will block Supreme Court appointment

2016 ◽  
Keyword(s):  
United States ◽  
Supreme Court ◽  
Civil Liberties ◽  
The United States ◽  
Divided Government ◽  
Federal Regulation ◽  
Role Of Government ◽  
Content Type ◽  
To Come

Significance A new justice has the potential to change the tenor of the Supreme Court's rulings significantly for many years to come, on issues including the scope of federal regulation, campaign finance and the federal government's powers. Scalia was a vocal political and judicial conservative, and the upcoming political fight to appoint his successor will reflect the broader conservative-progressive debate about civil liberties, the scope of the Constitution and the role of government in society. Impacts The Obama administration is likely to see many of its administrative actions upheld, at least until his term ends next January. An open Supreme Court seat may boost turnout by conservative Republican voters worried about a moderate or liberal appointment. Appointment politics and numerous federal vacancies are likely to persist as a feature of divided government in the United States.

scholarly journals The Sciences During the New Common: A Missed Opportunity?

2021 ◽  
pp. 111-116
Author(s):  
Maurits Kaptein
Keyword(s):  
Everyday Life ◽  
Economic Consequences ◽  
Current Crisis ◽  
The Future ◽  
Long Time ◽  
To Come ◽  
Missed Opportunity ◽  
Do So

AbstractBy Wednesday, July 22, 2020, the coronavirus had killed over 611,000 people and infected over fourteen million globally. It devastated lives and will continue to do so for a long time to come; the economic consequences of the pandemic are only just starting to materialize. This makes it a challenging time to write about the new common. However, we need to start somewhere. At some point, we need to reflect on our own roles, the roles of our institutions, the importance of our economy, and the future fabric of everyday life. In this chapter, I will discuss one minor—and compared to the current crisis seemingly inconsequential—aspect of the new common: I will discuss my worry that we are on the verge of missing the opportunity to properly (re-)define the role of the sciences as we move from our old to our new common.

scholarly journals Modelling the first wave of the COVID-19 epidemic in the Czech Republic and the role of government interventions

2020 ◽  
Author(s):  
Ondrej Majek ◽  
Ondrej Ngo ◽  
Jiri Jarkovsky ◽  
Martin Komenda ◽  
Jarmila Razova ◽  
...  
Keyword(s):  
Czech Republic ◽  
Reproduction Number ◽  
Epidemiological Model ◽  
Decision Makers ◽  
Short Term ◽  
Role Of Government ◽  
The Czech Republic ◽  
Government Interventions

In the Czech Republic, the first COVID-19 cases were confirmed on 1 March 2020; early population interventions were adopted in the following weeks. A simple epidemiological model was developed to help decision-makers understand the course of the epidemic and perform short-term predictions. In this paper, we present the use of the model and estimated changes in the reproduction number (decrease from > 2.00 to < 1.00 over March and April) following adopted interventions.

Chapter I. The Home Economy

1984 ◽  
Vol 110 ◽  
pp. 6-26
Keyword(s):  
Public Expenditure ◽  
Econometric Model ◽  
Current Situation ◽  
Medium Term ◽  
Short Term ◽  
Short Term Forecast ◽  
Term Forecast ◽  
The World

This chapter is in two parts. The first part contains discussion of the current situation and a short-term forecast to end-1986. The second part looks at the medium term. It begins with an analysis of probable trends in public expenditure over the next five years. The NIESR econometric model is then used to analyse medium-term prospects for the home economy. The medium-term outlook for the rest of the world is discussed in chapter II.

scholarly journals The Role of Statistics and Statisticians in the Future of Astrostatistics

2014 ◽  
Vol 10 (S306) ◽  
pp. 400-406
Author(s):  
Joseph M. Hilbe
Keyword(s):  
Nineteenth Century ◽  
Statistical Analysis ◽  
Future Generations ◽  
Short Term ◽  
Early Nineteenth Century ◽  
Working Groups ◽  
Formal Relationship ◽  
To Come ◽  
Definition Of

AbstractGiven the generic definition of statistics, it is clear that astronomers have engaged in statistical analysis of some variety since astronomy first emerged as a science. However, from the early nineteenth century until the beginning of the twenty-first the two disciplines have been somewhat estranged – there was no formal relationship between the two. This has now changed, as is evidenced by the recent creation of the International Astrostatistics Association (IAA), the ISI astrostatistics committee, astrostatistics working groups authorized by the IAU and AAS, and this Symposium. The challenge for us to come is in establishing how statisticians and astronomers relate in developing the discipline of astrostatistics. I shall propose a direction for how the discipline can progress in both the short term and well as for future generations of astrostatisticians.

Chapter I. the Home Economy

1982 ◽  
Vol 102 ◽  
pp. 6-26
Keyword(s):  
Econometric Model ◽  
Medium Term ◽  
Short Term ◽  
Short Term Forecast ◽  
Financial Position ◽  
General Account ◽  
Term Forecast ◽  
Recent Developments

This chapter contains a brief general account of recent developments in the economy and a short-term forecast to end-1984. (A medium-term assessment is given in chapter 3.) Since our last forecast, published in the May issue, we have re-estimated, and in some cases also re-specified, many sectors of our econometric model. This has inevitably changed some of its properties.Two short notes are appended. The first discusses the company sector's current financial position and the implications of the forecast for profitability. The second describes the data on wage settlements which we compile as part of our regular assessment of trends in wages and earnings.

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