Private investment slowdown in India: an empirical assessment

The article examines the institutional process in a regional economy connected with the infrastructure development. We use the neoinstitutional approach to study factors that influence the behavior of government and business in their interaction in the economy. We also use statistical methods to analyze the dynamics of socio-economic development indicators of the subjects of the Russian Federation as well as the results of measures to attract private investment into infrastructure, including the PPP. We chose the city of Moscow and the Yamalo-Nenets Autonomous District as two empirical case studies which differ in economic and geographic conditions, but both demonstrate success in attracting private investment and implementing infrastructure projects. Our conclusions are consistent with a theory that asserts the primacy of institutional environment in relation to project implementation. We make also some practical recommendations for the development of the institutional environment which are acceptable for all regions solving similar problems of infrastructure development.

Download Full-text

Public-private investment substitutability-complementarity, taxation, and bank competition

ECONOMIA PUBBLICA ◽

10.3280/ep2019-003002 ◽

2020 ◽

pp. 41-61

Author(s):

Gerasimos T. Soldatos

Keyword(s):

Private Investment ◽

Bank Competition

Download Full-text

Trade Creation or Trade Diversion in ASEAN and ASEAN+6 FTAs: Trade Indicators Approach

Journal of Economics and Development ◽

10.33301/2015.17.03.02 ◽

2015 ◽

pp. 25-41

Author(s):

Anh Tu Thuy ◽

Ngoc Le Minh

Keyword(s):

Comparative Advantage ◽

Wheat Gluten ◽

Free Trade Area ◽

Private Investment ◽

Trade Diversion ◽

Trade Creation ◽

Public And Private ◽

Trade Area ◽

Economic Partnership ◽

Regional Comprehensive Economic Partnership

This paper makes use of two trade indicators, Revealed Comparative Advantage (RCA) and Regional Orientation (RO), to evaluate the economic impacts of the ASEAN Free Trade Area (The) and the Regional Comprehensive Economic Partnership (RCEP) on Vietnamese commodities at the Harmonized System (HS) 2-digit level. Several sectors in which Vietnam has revealed a comparative advantage, has benefited from the AFTA, and would continue to enjoy trade creation from the RCEP, are: Cereals (10), Salt, sulphur, earth, stone, plaster, lime and cement (25), Rubber (40), Knitted or crocheted fabric (60), etc. More importantly, the result provides a list of commodities in which Vietnam has a comparative advantage and only experiences trade creation when participating in the RCEP. These are: Milling products, malt, starches, inulin, wheat gluten (11), Vegetable plaiting materials, vegetable products not elsewhere specified (14), Wood and articles of wood, wood charcoal (44), etc. Findings also show commodities in which Vietnam has a comparative advantage; but are not well positioned in the RCEP market yet, e.g. Cereal, flour, starch, milk preparations and products (19) and Manmade staple fibres (55). If sufficient investment decisions and marketing strategies are applied to these commodities, they will well penetrate the RCEP market and bring trade creation and welfare improvement to Vietnam. Public and private investment should consider the above-mentioned commodities as targets to leapfrog the benefits of RCEP.

Download Full-text

Nasty and Brutish? an Empirical Assessment of the Violence Hypothesis

10.3366/edinburgh/9780748678662.003.0009 ◽

2017 ◽

Author(s):

Karl Widerquist ◽

Grant S. McCall

Keyword(s):

Historical Evidence ◽

Contemporary State ◽

Empirical Assessment ◽

Early States ◽

Consensus View

This chapter empirically investigates two hypotheses often used to support the claim that virtually everyone is better off in state society than they could reasonably expect to be in any stateless environment. “The strong violence hypothesis” is the claim that violence in stateless societies is necessarily intolerable. “The weak violence hypothesis” is the claim that violence in stateless societies tends to be higher than in state society. Section 1 uses anthropological and historical evidence to examine violence in prehistoric stateless societies, early states, and contemporary states. Section 2 reviews evidence from modern stateless societies. Section 3 attempts to assemble anthropologists’ consensus view of violence in stateless societies. Section 4 evaluates the strong and weak hypotheses in light of this information, arguing that societies in which sovereignty is most absent maintain the ability to keep violence at tolerable levels. Although it is reasonable to suppose that stateless societies tend to have higher violence than contemporary state societies, some stateless societies have lower violence than some states. Because these findings reject 350 years of accumulated theory of sovereignty, Section 5 briefly discusses how bands are able to maintain peace without state-like institutions. Section 6 concludes.

Download Full-text