Role of government in sustainable growth and eco-development of economy

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.

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Role of government in sustainable growth and eco-development of economy

World Review of Entrepreneurship Management and Sustainable Development ◽

10.1504/wremsd.2021.10037117 ◽

2021 ◽

Vol 17 (2/3) ◽

pp. 264

Author(s):

Sandeep Singh ◽

Rajni Bala

Keyword(s):

Sustainable Growth ◽

Role Of Government

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Chapter I. The Medium Term: Prospects and Problems

National Institute Economic Review ◽

10.1177/002795018009400102 ◽

1980 ◽

Vol 94 ◽

pp. 6-19 ◽

Cited By ~ 1

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.

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Government`s Role in Korea`s Economic Development from a Perspective of the Institutions Hypothesis

Korean Journal of Policy Studies ◽

10.52372/kjps26307 ◽

2011 ◽

Vol 26 (3) ◽

pp. 115-128

Author(s):

Park Sang In

Keyword(s):

Economic Growth ◽

Economic Development ◽

Property Rights ◽

Empirical Studies ◽

Sustainable Growth ◽

Coordination Failure ◽

Role Of Government ◽

Development Experience ◽

The 1960S

This paper divides economic institutions into three categories-coordination institutions, property rights institutions, and contracting institutions-and from this perspective, analyzes the role of government in Korea`s economic development from the 1960s to the 1980s. This analysis suggests that the Korean development experience is not in line with the conclusions of Acemoglu, Johnson, and Robinson (2001), since property rights institutions did not play a significant role in Korea`s economic development. Instead, the Korean government acted as coordination institutions, which effectively overcame the coordination failure of the market and succeeded in generating effective demand to spur sustainable growth. These results invite further comparative and empirical studies on how Korea came to have a dictator whose goal was consistent with the economic growth of the nation.

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Role of government financial control in national sustainable development

PsycEXTRA Dataset ◽

10.1037/e503592014-021 ◽

2013 ◽

Author(s):

Andriy Lyubenko

Keyword(s):

Sustainable Development ◽

Financial Control ◽

Role Of Government

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Raiders Activity on the Market for Corporate Control as a Product of Coercive Entrepreneurship Evolution

Voprosy Ekonomiki ◽

10.32609/0042-8736-2007-8-80-92 ◽

2007 ◽

pp. 80-92

Author(s):

A. Kireev

Keyword(s):

Corporate Control ◽

Role Of Government ◽

Market For Corporate Control ◽

Basic Characteristics

The paper studies the problem of raiders activity on the market for corporate control. This activity is considered as a product of coercive entrepreneurship evolution. Their similarities and sharp distinctions are shown. The article presents the classification of raiders activity, discribes its basic characteristics and tendencies, defines the role of government in the process of its transformation.

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