Establishment and Operation of Private Land Credit Institutions in Penza Province in the Late 1860s – mid 1880s

2021 ◽  
Vol 17 (4) ◽  
pp. 349-360
Author(s):  
Natalia A. Kisteneva
Keyword(s):  
Agricultural Sector ◽  
Private Landowners ◽  
Private Land ◽  
Credit System ◽  
Economic Activities ◽  
Economic Methods ◽  
Private Credit ◽  
Set Up ◽  
The 19Th Century ◽  
Credit Institutions

Introduction. The abolition of public credit institutions in the first half of the 19th century meant that following after the peasant reform, private landowners were forced to rely entirely on their ability to conduct economic activities, they desperately needed the money demanded for the capitalist modernization of their estates. It was important under such circumstances the appearance in the mid-1860s of private land banks that have granted land collateral loans. Materials and Methods. The study of the claimed problem required the involvement of a number of historical and economic methods: historical, statistical and quantitative. At the same time, the question of the amount of debt owed to private land banks was examined on the basis of a comprehensive analysis of statistical data on land credit published by a committee of congresses of representatives of Russian land credit institutions. Results. The article analyzes the main indicators of the activity of the joint-stock land banks in the first two decades of their operation, considers the characteristics of the establishment and development of the private land credit system, the volume of loans issued, the size of the mortgaged land, the amount of the loans are shown by their regional characteristics. Discussion and Conclusions. Set up in mid-nineteenth century the system of equity land credit, which focuses on the granting of land mortgages by private landowners, has played an important role in the processes of land ownership mobilization and the development of capitalism in the agricultural sector. Private credit institutions were one of the most important components of the land credit system, and the activities of these institutions in the territory of the governorate in question resulted in: that almost a quarter of all privately owned land had been deposited in them.

scholarly journals From Bulletin Boards to Big Data

2021 ◽  
Vol 50 (1) ◽  
pp. 39-62
Author(s):  
Christian Göbel ◽  
Jie Li
Keyword(s):  
Big Data ◽  
New Technologies ◽  
Central Government ◽  
Developmental Trajectory ◽  
Credit System ◽  
Feedback Systems ◽  
Social Credit ◽  
Bulletin Boards ◽  
Local Decision ◽  
Set Up

Why do Chinese governments at various levels set up public complaint websites where citizen petitions and government responses can be reviewed by the general public? We argue that it is the result of two factors: strong signals sent by the central government to improve governance, and the availability of new technologies to promote policy innovation. To impress their superiors, local officials adopted newly available commercial technology to innovate existing citizen feedback systems, which presented a developmental trajectory from “openness,” “integration,” to “big data-driven prediction.” Drawing on policy documents and interviews with local politicians and administrators, we provide a chronological perspective of how technical development, central government’s signals and local decision-making have interacted in the past two decades to bring forth today’s public complaint websites. The contingent and non-teleological nature of this development can also be applied to other policies such as the social credit system.

Role of local banks as potential primary stakeholders in community-type destinations

2010 ◽  
pp. 99-118
Author(s):  
Keyword(s):  
Local Development ◽  
Field Research ◽  
Credit Unions ◽  
Community Type ◽  
Development Projects ◽  
Credit System ◽  
Economic Activities ◽  
Rural Credit ◽  
Tourist Development

The aim of the paper is to analyse the role of rural credit unions (CRs) in the local financial system and their position as potential primary stakeholders in communitytype destinations. These destinations could be considered as networks characterised by relationships to be understood through the network approach and stakeholder theory. In community-type destinations the level of integration of the tourist offer depends on the intensity and structure of relationships, that is, on the coordination among enterprises, public bodies, local communities and destination management organisations, that manage only a part of the resources and participate with distinct roles, capabilities and power. In these destinations the local credit system has a fundamental role, since it funds enterprises and takes part in local development projects. The CRs are cooperative banks that - by statute - foster economic and social development of the territory. The field research conducted in a typical community-type destination in Italy investigated if there exists a link between the role of the CRs and the development of the tourist offer, to test if they are also primary stakeholders for the tourist development of the territory. The research highlights that CRs are primary stakeholders for the development of traditional economic activities and that they have mainly a financing role for the development of the tourist offer. Signals of change in role are perceivable within the network: from financier to partner in the planning of initiatives and support activities of the tourist development. The results suggest a possible re-positioning of local banks in the network for tourist development projects.

PROBLEMS AND PRIORITY AREAS FOR APPLYING DIGITAL TECHNOLOGIES IN RUSSIAN AGRICULTURE

2020 ◽  
Vol 10 (7) ◽  
pp. 1390-1398
Author(s):  
M A. Bryzgalina ◽  
Keyword(s):  
Mobile Communications ◽  
Business Processes ◽  
Agricultural Sector ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Agricultural Enterprises ◽  
Livestock Breeding ◽  
Rational Version ◽  
Definition Of

This paper discusses the implementation of digital technologies in the production sector and business processes of agricultural enterprises in Russia. Implementation of digitalization into the economic entities’ business activity is necessary in order not only to increase the speed of their functioning several times, but also to open up new, broader opportunities for their development in the future. Currently, in the Russian Federation, the main leaders in the development of digital technologies are, first of all, IT companies, as well as organizations operating in the field of media, finance and insurance. The level of digitalization in the real sector of the economy is significantly lower, while the agricultural sector is in last place for this indicator. This article reflects the prerequisites for the development of the digital economy in the world, which include the automation of production technologies and business processes, as well as penetration into the social sphere of the countries of the global Internet and mobile communications. The author considered a number of interpretations of the concept of “digital economy”, of which, in her opinion, the most rational version of the definition of the term under consideration was selected. Within the framework of the study, the prerequisites for the effective implementation of innovative technologies in the economic and social spheres of enterprises’ activities were determined, and the main factors and conditions for the developing digital system of a particular country were established. In the presented work, the author identified a number of modern key problems that significantly impede the introduction of digital technologies in the production and economic activities of economic entities of Russia, especially in the field of agriculture. At the same time, quite popular and widespread advanced technologies are indicated, which are currently being successfully implemented in promising agricultural organizations of the country. With regard to the branches of agriculture in Russia, namely crop and livestock breeding, the most expedient areas for the introduction of advanced digital technologies into the business processes of agricultural enterprises are presented.

TREND INSTRUMENTS OF AGRICULTURAL ENTERPRISE FINANCING UNDER MODERN ECONOMIC CONDITIONS

2018 ◽  
Author(s):  
Nadiia Hryshchuk ◽  
Keyword(s):  
Small Businesses ◽  
Agricultural Sector ◽  
Theory And Practice ◽  
Financial Security ◽  
Innovative Development ◽  
Credit System ◽  
Educational Work ◽  
Agricultural Enterprises ◽  
Long Run ◽  
Modern Economic

The article considers the views of scientists on the problems of financial security of the agricultural sector of the economy, their significant contribution to the creation and development of theory and practice of financial security of small and medium-sized agribusiness. It is noted that financial security is one of the most important factors influencing the efficiency of agricultural enterprises. The credit instruments of financial support of development of the enterprises of agrarian business in the modern economic environment are characterized. Agrarian receipts are singled out as a direction of financing small and medium agrarian enterprises. The importance of agrarian receipts as one of the most dynamic ways to attract financial resources and development of small and medium agrarian business of Ukraine is substantiated. Other promising instruments of financial and credit support have been identified, which allow small businesses in the agricultural sector to function effectively, to improve the efficiency of agricultural production. It is determined that the use of effective credit instruments provides innovative development of agricultural enterprises. In order to form an effective policy of financing agricultural enterprises, measures aimed at increasing the transparency of agribusiness are needed; development of support infrastructure and educational work among small businesses; unconventional but effective methods of lending to agricultural producers. It is proposed to introduce new, effective financial and credit instruments in the agricultural sector of Ukraine in modern conditions, which in the long run will ensure the innovative development of the national credit system, taking into account the experience of countries with developed competitive economies.

scholarly journals A Framework for Property Developers to Survive in a Recession

10.29007/cfr2 ◽  
2018 ◽  
Author(s):  
Zunoon Parambath ◽  
Nilupa Udawatta
Keyword(s):  
Survival Strategies ◽  
Economic Activities ◽  
Short Term ◽  
Property Development ◽  
Market Shares ◽  
Negative Impacts ◽  
Set Up ◽  
High Level ◽  
Property Developers

Recession is considered as a major threat to the economy as it slows down economic activities. The property development sector is extremely responsive to these economic conditions. Thus, it is crucial to understand causes, effects and strategies for property developers to survive in a recession without any ill effects. Thus, this research aimed to develop a framework for property developers to identify appropriate survival strategies in recession. A comprehensive literature review was conducted in this research to achieve the above mentioned aim. The results of this study indicated that recession prompts negative impacts on property development sector resulting in unemployment, lower demand, production and revenue, decline in resources and high level of competition. According to the results, the survival strategies were classified into short-term and long-term strategies. The short term strategies include: implementing management tactics, cut down of operating costs, keeping financing lines set up, timely repayment of debts, setting vital new objectives for the future, undertaking shorter time span developments, specialisation in favoured market, renegotiating deals and contracts. The long-term strategies include retrenchment, restructuring, investment and ambidextrous strategies. Similarly, attention should be paid to predict any changes in the economic environment that can influence property development activities and it is necessary to carefully evaluate investment activities to increase sales, profits and market shares of property developers. Preparing for a crisis is doubtlessly the ideal approach as it can facilitate both survival and growth. Thus, the property developers can implement these suggested strategies in their businesses to enhance their practices.

scholarly journals The Development of Cloth Industry in the Noble Households of the Middle Volga Region in Second Half of XIX Century

2020 ◽  
Vol 20 (3) ◽  
pp. 279-287
Author(s):  
Roman V. Fedoseev
Keyword(s):  
Agricultural Sector ◽  
General Structure ◽  
Volga Region ◽  
Middle Volga Region ◽  
Transitional State ◽  
Reform Period ◽  
Cloth Production ◽  
Middle Volga ◽  
The 19Th Century ◽  
Historical Methods

Introduction. The development of the cloth industry in the noble farms of the Middle Volga region in second half of XIX centuries occurred under the conditions of active reform of the agricultural sector of the country’s economy, which predetermined significant difficulties for the local nobility, which received significant preferences in the implementation of commercial and industrial business in the pre-reform period. Materials and Methods. Statistical, problem-chronological, historical-systemic and comparative-historical methods allowed us to trace the changes that occurred during the study period in the cloth industry of the noble industry. Results. As a result of the study, the degree of prevalence of this industry and its share in the overall industry structure of each province of the studied region, as well as the reasons for the popularity of cloth production among the local nobility, were analyzed. The volumes of production based on the official statistics are shown. The factors that predetermined the crisis state of the industry after the abolition of serfdom are indicated. The main directions of development of this industry in the post-reform period are investigated. The factors of reducing the number of cloth factories in the noble estates and the reasons for their massive transition to the merchant estate are considered. On the example of one of the largest factories, the general structure of the woolen production of the corresponding period is investigated. A large number of specific examples of noble cloth factories are given, indicating their owners, the equipment available, the number of workers and the volume of production. Discussion and Conclusions. The conclusion is drawn about the transitional state of the noble cloth industry, which, despite the crisis phenomena of the second half of the 19th century, continued to play an important role in the economy of the noble households of this region.

scholarly journals Credit Accessibility to Vulnerable Sections: Management Perspective

2007 ◽  
Vol 6 (1) ◽  
pp. 86-101
Author(s):  
Veerashekharappa .
Keyword(s):  
Asymmetric Information ◽  
Participatory Approach ◽  
Rural Poor ◽  
Mutual Trust ◽  
Credit System ◽  
Informal Credit ◽  
Management Perspective ◽  
Resource Poor ◽  
Banking Relationship ◽  
Credit Institutions

Despite the vast expansion of the formal credit system in India, the dependence of the rural poor on informal credit institutions continues in some areas especially for meeting the emergency credit requirements. Such dependence is pronounced in the case of marginal farmers, landless labourers, petty traders and rural artisans, etc., particularly in the resource-poor areas. And credit needs of these sections determined in a complex socio-economic milieu, where it is difficult to adopt project lending approach as followed by banks and where the dividing line between credit for "consumption" and "productive" purposes is blurred (NABARD 1999). It is in this context, peoples' management in making credit to poor assumes significance. The participatory approach bring out the mutual trust and over comes the asymmetric information between the members, which is necessary for initiating banking relationship based on trust and confidence.

scholarly journals REMUNERATIONS AND LABOUR PRODUCTIVITY IN AGRICULTURE AGAINST A BACKGROUND OF OTHER ECONOMY SECTORS

2018 ◽  
Vol 17 (1) ◽  
pp. 49-58 ◽  
Author(s):  
Justyna Góral ◽  
Włodzimierz Rembisz
Keyword(s):  
Agricultural Sector ◽  
Optimal Allocation ◽  
Labour Force ◽  
Empirical Studies ◽  
Labour Productivity ◽  
Allocation Of Resources ◽  
Economic Activities ◽  
Agricultural Producers ◽  
The Sustainable Development ◽  
Economic Growth Model

The optimal allocation of resources in various sectors results in the sustainable development of the whole economy (the theory of optimum allocation of resources by Kantonowicz and Koopmans). According to Tinbergen’s studies, the excessive labour force in one of them gives rise to all types of social and economic problems. The objective of theoretical considerations and empirical studies of this publication is to analyse the ratio of the remuneration for labour to its productivity in various economy sectors with particular attention paid to the agricultural sector. The authors also refer to the theory by Lewis and Schultz, who had analysed the problems of agriculture in developing countries, as well as to the Solow economic growth model with the Cobb–Douglas production function. In the light of the empirical data presented in the paper, we can conclude that in section A of Statistical Classification of Economic Activities this ratio is seriously disturbed and distorted. The remuneration is overvalued in relation to the labour productivity. Such a ratio is not a positive testimony to the reasonableness of management in the sense of agricultural producers’ equilibria.

scholarly journals Agriculture production and rural development

2012 ◽  
pp. 129-133
Author(s):  
Attila Buday-Sántha
Keyword(s):  
Rural Development ◽  
Rural Area ◽  
National Economy ◽  
Rural Areas ◽  
Agricultural Sector ◽  
Economic Activities ◽  
Considerable Part ◽  
Balanced Development

In a national economy, the considerable part of its available territory consists of the so called rural area which is mainly used by the agricultural sector. In our days, the rural areas are characterized by the loss of their economic, administrative etc. functions. The agricultural sector is able to utilize the rural areas, though other economic activities play important role as well. To evaluate the agricultural sector in terms of the agribusiness, it is clear that the situation of the agricultural sector is not only decisive for the rural areas, but also for the whole national economy, and therefore, it is part of its balanced development.

scholarly journals Activities of the Asian Department of the Russian Ministry of Foreign Affairs in coordination of the Russian Balkan policy (first half of the 19th century)

2020 ◽  
pp. 45-60
Author(s):  
Elena P. Kudryavtseva ◽  
Keyword(s):  
Ottoman Empire ◽  
19Th Century ◽  
Foreign Affairs ◽  
Russian Government ◽  
Balkan Region ◽  
Set Up ◽  
The 19Th Century

The study is devoted to the activities of the Asian Department of the Russian Ministry of Foreign Affairs that served as a curator of the Russia-Balkans relations in the first half of the 19th century. The Asian Department (set up in 1819) was in charge of the diplomatic, economic, cultural and church relations of Russia with the countries of the «East», and, above all, with the Ottoman Empire. Relations with the Orthodox Balkan nations - Serbs, Bulgarians and Montenegrins – remained traditionally close. This department supervised the policies related to the Balkan region, developed instructions for Russian envoys in Constantinople and Athens, stored consular reports from all over the Balkan region, and, as a result, elaborated approach of the Russian government in relations with Turkey.

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