scholarly journals Building Long-Term Portfolio Benchmarks for Pension Funds in Emerging Economies

2016 ◽  
Author(s):  
Heinz P. Rudolph ◽  
Jorge Sabat
Keyword(s):  
Emerging Economies ◽  
Pension Funds

Capturing the effects of changing capital-intensity on Long-term growth in the major emerging economies

2017 ◽  
Vol 39 (4) ◽  
pp. 729-740
Author(s):  
Fred Campano ◽  
Lucio Laureti ◽  
Dominick Salvatore
Keyword(s):  
Emerging Economies ◽  
Capital Intensity

Long-Term Rates of Interest in the Valuation of a Pension Fund

1976 ◽  
Vol 21 (03) ◽  
pp. 286-340 ◽  
Author(s):  
C. D. Daykin
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Insurance Companies ◽  
Common Misconception ◽  
The Future

1. It seems to be a common misconception outside the actuarial profession that those within that illustrious body are mysteriously able to peer into their crystal balls and come up with prophetic answers about the future progress of pension funds, insurance companies and other allied matters. The appearance of an actuarial report with its air of finality and disclosure of a definite surplus, deficiency, bonus declaration or whatever it may be, only endorses the impression that the actuary is reporting on the unique and unquestionable answer to the problem in hand.

scholarly journals A Liability Tracking Approach to Long Term Management of Pension Funds

2013 ◽  
Vol 03 (03) ◽  
pp. 392-400 ◽  
Author(s):  
Masashi Ieda ◽  
Takashi Yamashita ◽  
Yumiharu Nakano
Keyword(s):  
Pension Funds ◽  
Term Management

scholarly journals Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?

2010 ◽  
Vol 9 (1) ◽  
pp. 151-166
Author(s):  
Magdalena Zaleczna ◽  
Rafał Wolski
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Capital Allocation ◽  
Portfolio Diversification ◽  
Financial Resources ◽  
Constant Flow ◽  
Real Property ◽  
Return Levels ◽  
Entire Economy

Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?The pension fund investments should be characterised by a long term, low risk and profitability, which implicates the necessity of portfolio diversification. In general, pension funds having regular long-term contributions should develop the long-term policy and its effects would be responsible for the economic position of their future beneficiaries. The ways of capital allocation are also critical in terms of the entire economy, as a constant flow of financial resources provided by pension funds stimulates the activity of its recipients. The typical assets in a pension fund's portfolio in the developed economy are stocks, bonds and real property owing to low (negative) correlation between these assets and their diversified potential. The legal investment limits imposed on the Polish pension funds exclude direct investment in real property, which is responsible - in the authors' opinion - for the lower level of diversification and hinders the risk reduction. The authors analyze the Polish pension fund portfolios focusing on risk and return levels. The aim of the study is to find the answer to the important question about the results of hypothetically added real property to the portfolios of pension funds.

Evaluating the impact on saving of tax-favored retirement plans

2013 ◽  
Vol 13 (1) ◽  
pp. 62-87 ◽  
Author(s):  
MONICA PAIELLA ◽  
ANDREA TISENO
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Retirement Plans ◽  
Household Saving ◽  
Pension Schemes ◽  
The Social ◽  
Recent Reform ◽  
The Impact ◽  
Retirement Wealth

AbstractThis paper exploits a recent reform of private pension schemes in Italy to identify the impact on household saving of tax-favored retirement saving plans. The reform was part of the restructuring of the social security system and was aimed at rising private long-term saving by making pension funds more attractive and convenient. We control for unobserved saver heterogeneity and a central focus is on substitution across saving instruments. We find that the pension fund legislation had a strong effect on the allocation of saving and triggered substantial substitution of non-tax-favored non-retirement wealth for tax-favored pension funds. In contrast, we find that it had little, if any effect on household saving flows. Our findings also suggest that the provision of ‘closed’ pension funds might significantly affect the decision to invest in private retirement schemes.

Global Supply Chains as Drivers of Innovation in China

2021 ◽  
pp. 553-572
Author(s):  
Michael Murphree ◽  
Dan Breznitz
Keyword(s):  
Emerging Economies ◽  
Alternative Energy ◽  
Institutional Environment ◽  
Value Chains ◽  
Global Supply Chains ◽  
Structured Uncertainty ◽  
Technology Firms ◽  
Complementary Resources ◽  
High Technology Firms

China’s manufacturing and innovation capabilities are directly related. Availability of complementary resources in rapid prototyping, test production, and components and the ability to deploy innovations at scale increasingly lead high-technology firms, including startups, to consider China as a developmental base across sectors from big data to cloud computing, smart grid, renewable energy, and alternative energy vehicles. Entry into global value chains (GVCs) has led to vast transfers of knowledge, creating human resource capabilities that continuously facilitate the upgrading of Chinese firms. China’s most advanced industries were all those characterized by active participation in GVCs. China’s entry into GVCs has differed significantly from the experiences of other emerging economies, arguably affording China greater innovation benefits. This is directly related to China’s institutional environment of “structured uncertainty.” Structured uncertainty shaped the pattern and impact of entry into GVCs, dictating which regions entered GVCs, when, and how, with long-term knowledge transfer effects.

Supply Chain Knowledge Integration in Emerging Economies

2012 ◽  
pp. 1002-1018
Author(s):  
Ryan Atkins
Keyword(s):  
Emerging Economies ◽  
Knowledge Integration ◽  
Global Knowledge ◽  
Developed Economies ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Level Of Knowledge ◽  
Complex Knowledge ◽  
The Relationship

Firms in developed economies have been purchasing from firms in emerging economies for years, but they typically purchase low value, low margin items. Opportunities have arisen for emerging economy manufacturers to supply higher value products and services to firms in developed economies. In today’s global, knowledge based economy, suppliers must have cutting edge knowledge, and they must constantly upgrade their knowledge to maintain a competitive advantage. When supplying high-value products, complex knowledge based interactions between the buyer and supplier are necessary. A conceptual model is developed in this chapter, proposing that if suppliers in emerging economies are committed to long term relationships with developed economy customers, they can increase the level of knowledge integration in the relationship, and in turn, improve performance. The primary contribution of this chapter is to show that firms in emerging economies can achieve sales growth by becoming critical links in today’s global, knowledge based supply chains.

Emerging food and nutrition security challenges in Central Asia—implications for BRICS and emerging economies

2020 ◽  
pp. 909-932
Author(s):  
Suresh Chandra Babu ◽  
Kamiljon Akramov
Keyword(s):  
Food Security ◽  
Central Asia ◽  
Emerging Economies ◽  
Food And Nutrition Security ◽  
Nutrition Security ◽  
Central Asian ◽  
Security Challenges ◽  
Food And Nutrition ◽  
Critical Issues

In the last two decades, Central Asia has gone through several transitions in institutions and governance, each with consequences for the agricultural sectors in the region. Since their independence, the five countries Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, have made considerable progress towards increasing domestic food production. However, food security in the region is still threatened by major geopolitical and socio-economic challenges. Lack of support from institutions to advance farming has resulted in the low level of food security in the region. Lack of research and extension of support to farmers and low capacity for designing evidence-based policies are major challenges to the region’s food security. This chapter identifies critical issues and challenges faced by Central Asian countries for attaining short-term and long-term food and nutrition security, and the implications for BRICS and other emerging economies.

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