Capitalist Profits of Mining Corporations

2019 ◽  
pp. 138-162
Author(s):  
Jeannette Graulau
Keyword(s):  
Necessary Conditions ◽  
Investment Climate ◽  
Balance Sheets ◽  
Mining History ◽  
General Feeling

This chapter focuses on capitalist profits. It explains how mining corporations were the entrepreneurial agents par excellence of the medieval mining world without which mining could not thrive. But balance sheets of corporations are simply nonexistent. This fact raises questions about whether or not mining corporations enjoyed the necessary conditions for generating profits. Capitalist profit is a matter of money but also a matter of legal, economic, and political preconditions guaranteeing that corporations enjoy a relatively stable and long-term investment climate. It is only in the examination of the sum of these relations that the essence of capitalist profits is to be found, even if mining history only allows to identify what Pierre Vilar once called “the general feeling” of these relations.

The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

scholarly journals INVEST ASI, EKSPOR DAN MASALAH DE-INDUSTRIALISASI DI INDONESIA

2017 ◽  
Vol 5 (2) ◽  
pp. 179
Author(s):  
Anton Agus Setyawan ◽  
Fatchurrohman Fatchurrohman
Keyword(s):  
Direct Investment ◽  
Econometric Model ◽  
Slow Growth ◽  
Policy Implications ◽  
Economic Recovery ◽  
Investment Climate ◽  
Short Term ◽  
Investment Rate ◽  
The Ideal

There are two constraints in the process of economic recovery in Indonesia. First, investment rate is decreasing in the last five years. This matter happens due to the bad investment climate in Indonesia. Second, slow growth of export rate in Indonesia. At the present, investment rate in Indonesia is only 22 percent of GDP, while the ideal rate is 30 percent of GDP. Another problem, which may be interrupting the economic recovery, is de-industrialization. The sign of de-industrialization occur by relocation phenomena of FDIfrom Indonesia. This research analyze the effects of direct investment and export to GDP. The tool of analyses of this research is econometric model known as Error Correc­tion Models. The results shows that in a long term and short term, export and direct investment do not have a significant effect to GDP. It shows that Indonesia do not have a clear policy about export and investment. The policy implications of this research are government should have a deregulation policy in the industry and recover investment climate.

Large US household balance sheets pose macro risks

2021 ◽  
Keyword(s):  
Interest Rates ◽  
Health Costs ◽  
Gdp Growth ◽  
Lower Growth ◽  
Content Type ◽  
Balance Sheets ◽  
Trade Growth ◽  
Productivity Gains ◽  
Macroeconomic Risks

Significance An examination of the factors behind the expansion indicates that outsized balance sheets will persist and will pose a number of macroeconomic risks. Impacts Slower workforce growth will pressure GDP growth, trade growth and long-term interest rates, unless productivity gains can offset this. A record number of US business deaths and births in 2020 will affect productivity and have unpredictable impacts on the economy. Lower growth makes it harder to stabilise debt-to-GDP ratios, just as pension and health costs rise as populations age in major economies.

The Curing of Concrete Samples with Water - Experimental Verification of the Concrete Properties

2020 ◽  
Vol 868 ◽  
pp. 65-69
Author(s):  
Marek Ďubek ◽  
Marián Bederka ◽  
Peter Makýš
Keyword(s):  
Reinforced Concrete ◽  
Necessary Conditions ◽  
Concrete Slab ◽  
Strength Properties ◽  
Climatic Conditions ◽  
Reinforced Concrete Slab ◽  
Common Procedure ◽  
Concrete Properties ◽  
Concrete Ceiling

The process of producing a monolithic concrete structure on site is constructed out under different climatic conditions, which can often be unsuitable for setting and hardening of concrete. The necessary conditions for setting and hardening of concrete are ensured by various ways of its curing. In practice, concrete curing is carried out in most cases by water spraying. It is used mostly in reinforced concrete ceiling slabs, which are further discussed in the work. A common procedure is to cure the upper surface of reinforced concrete ceiling slabs. This work therefore deals with the effect of curing of a reinforced concrete slab, on its strength properties. Long-term curing would yield higher values of compressive strength, but it is also necessary to consider how effective it is. As a pilot research in this work is investigating the properties of concrete cubes in various curing. It further develops theoretical possibilities for continuing research.

Testing the limits of the ontogenetic sources of talent and excellence

1998 ◽  
Vol 21 (3) ◽  
pp. 407-408 ◽  
Author(s):  
Paul B. Baltes
Keyword(s):  
Individual Differences ◽  
Joint Attention ◽  
Necessary Conditions ◽  
Deliberate Practice ◽  
Outstanding Achievement ◽  
Heterogeneous Samples

Experiential factors such as long-term deliberate practice are powerful and necessary conditions for outstanding achievement. Nevertheless, to be able to reject the role of biology based individual differences (including genetic ones) in the manifestation of talent requires designs that expose heterogeneous samples to so-called testing-the-limits conditions, allowing asymptotic levels of performance to be analyzed comparatively. When such research has been conducted, as in the field of lifespan cognition, individual differences, including biology based ones, come to the fore and demonstrate that the orchestration of excellence requires joint attention to genetic–biological and experiential factors.

A two-stage DEA approach to analyse the efficiency of the hospitality sector

2018 ◽  
Vol 24 (3) ◽  
pp. 352-365 ◽  
Author(s):  
Manuela Pulina ◽  
Valentina Santoni
Keyword(s):  
Data Envelopment ◽  
Balance Sheets ◽  
Sales Revenue ◽  
Standard Data ◽  
Labour Costs ◽  
Short Run ◽  
Hospitality Sector ◽  
The Cost ◽  
Strong Seasonality

This article explores the performance of the hospitality sector in Sardinia (Italy) using empirical data collected from company balance sheets (from 2004 to 2013). A standard data envelopment analysis (DEA) is run using sales revenue as an output and the monetary value of all tangible and intangible assets as well as labour costs as inputs. Following the Simar–Wilson approach, a post-DEA is also carried out to investigate the factors that influence hotels’ economic efficiency. The empirical results show that business default and the cost of money negatively influence hotels’ performance and that firms located in highly specialized areas with a strong seasonality are relatively inefficient. Furthermore, the short-run debt index and the long-term debt index positively impact efficiency.

Optimal Term Structure in a Monetary Economy with Incomplete Markets

2017 ◽  
Vol 18 (1) ◽  
Author(s):  
Matthew Hoelle
Keyword(s):  
Interest Rates ◽  
Term Structure ◽  
Necessary Conditions ◽  
Policy Rules ◽  
Real Effects ◽  
Monetary Economy ◽  
Short And Long Term ◽  
Dynamic Policy ◽  
Recursive Representation

AbstractIn a stochastic economy, the rebalancing of short and long term government debt positions can have real effects when markets are incomplete. This paper analyzes both stationary and dynamic policy rules for the term structure of interest rates. After proving the existence of a recursive representation of equilibrium, necessary conditions for Pareto efficiency are characterized. The necessary conditions are equivalent for both stationary and dynamic policy rules.

Implications of the Global Financial Crisis on Korea's Trade

2009 ◽  
Vol 8 (3) ◽  
pp. 46-81 ◽  
Author(s):  
Sangyeon Hwang ◽  
Hyejoon Im
Keyword(s):  
Trade Balance ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Balance Sheets ◽  
Positive Effects ◽  
The World ◽  
World Demand ◽  
Short Run ◽  
The Global Financial Crisis

In this paper, we examine the channels through which the current global crisis affects Korea's trade and assess the implications thereof. These five important channels under investigation are: (1) world demand, (2) domestic demand, (3) exchange rate, (4) credit markets, and (5) protectionism. We conclude that the world demand channel is the most important factor for the recovery of Korea's exports. We expect that depreciation followed by the crisis should generate only small positive effects on a trade balance in the short run. However, depreciation can erode the long-term competitiveness of domestic firms because it can deteriorate not only firms' balance sheets but also banks' balance sheets.

scholarly journals Impact Of Firm Specific Factors On Capital Structure Decision: An Empirical Study Of Albanian Firms.

2013 ◽  
Vol 2 (4) ◽  
pp. 135 ◽  
Author(s):  
Anila Çekrezi
Keyword(s):  
Capital Structure ◽  
Return On Assets ◽  
Balance Sheets ◽  
Listed Firms ◽  
Natural Logarithm ◽  
Total Debt ◽  
Dependent Variables ◽  
Specific Factors ◽  
The Impact

This paper attempts to explore the impact of firm specific factors on capital structuredecision for a sample of 65 non- listed firms, which operate in Albania, over the period2008-2011.In this paper are used three capital structure measures ; short –term debt tototal assets (STDA), long- term debt to total assets (LTDA) and total debt to total assets(TDTA) as dependent variables and four dependent variables: tangibility(TANG),liquidity (LIQ), profitability(ROA=return on assets) and size (SIZE). The investigationuses panel data procedure and the data are taken from balance sheets and include onlyaccounting measures on the firm’s leverage. This study found that tangibility (the ratio offixed assets to total assets), liquidity (the ratio of current assets to current liabilities)profitability (the ratio of earnings after taxes to total assets) and size (natural logarithm oftotal assets) have a significant impact on leverage. Also empirical evidence reveals asignificant negative relation of ROA to leverage and a significant positive relation ofSIZE to leverage. And the second objective of this study is to identify the impact ofindustry classification on firm’s leverage, using a dummy variable for the trade sector. Soone of the hypothesis tested is if financial leverage is independent of industryclassification. Results reveal that long term debt to total assets and total debt to totalassets ratios are significantly different across Albanian industries.

scholarly journals EVALUATION OF THE INVESTMENT CLIMATE IN MEKONG DELTA: THE CASE OF CAN THO AND HAU GIANG

2014 ◽  
Vol 17 (3) ◽  
pp. 101-116
Author(s):  
Trung Quang Nguyen ◽  
Cuong Vu Tuan Hong
Keyword(s):  
Capital Investment ◽  
Innovation Policy ◽  
Mekong Delta ◽  
Economic Factors ◽  
Investment Climate ◽  
Production Factors ◽  
The World ◽  
Investment Capital ◽  
Socio Economic Factors

Many countries in the world, especially developing ones, are striving to attract investment capital. This is also the top concern of People's Committees of provinces/ cities across Vietnam. Although many localities in Mekong Delta have endeavored to call for capital investment in recent years, results were not as expected. The purpose of this paper is to provide a theoretical basis underlying the investment climate along with indicators used to evaluate it. Results indicated that the current managementmechanisms of localities are very good and the remaining weakness lies at socioeconomic factors. Therefore, to be competitive in attracting investment capital, the localities need to upgradebasic production factors under socio-economic ones. However, in order to efficiently promote the socio-economic factors, the localities should be active in management mechanisms through the establishment of flexible capital investment attraction policies. This is because the competitiveness should be based on a dynamic innovation policy which creates a differentiation among localities when comparative advantage is no longera steady pillar for a long-term strategy.

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