scholarly journals Risk Analysis for Initial Needs (RAIN): Improving a Time Zero Startup Plan through Resource Based Auditing (RBA) and a Launch Focused Strategy

10.28945/3844 ◽  
2017 ◽  
Vol 1 ◽  
pp. 081-095
Author(s):  
Gilbert Gonzalez
Keyword(s):  
Economic Growth ◽  
Risk Analysis ◽  
Business Plan ◽  
Time Frame ◽  
Business Failure ◽  
Planning Model ◽  
Failure Rates ◽  
Government Programs ◽  
Time Zero ◽  
The Creation

Using the Risk Analysis for Initial Needs (RAIN) planning model and its resource-based audit (RBA) tool to support the creation of a time zero startup business plan will improve the perceived value of the startup plan to founders and stakeholders by identifying gaps between the needs and availability of the needed resources at time zero. The case has been made that successful startups are beneficial to all stakeholders in the community, while startups that fail to sustain create significant costs, both actual and opportunity, for both themselves and the community. Depending on the source and the time frame referenced, emerging business failure rates range from 50% to 80% (BLS, 2016). This figure demonstrates the disappointing inefficiency of startups. What is not clear is whether the high failure rate, which has come to be accepted, is necessary. The creation of RAIN was motivated by the desire to seek a solution to the business problem of continuously high failure rates through improved startup business planning. RAIN improves the startup business plan by replacing traditional environmental auditing with resource-based auditing (RBA), and focusing on sustainability and scalability during the post-launch Incubation period. Using the RAIN startup planning model at time zero and throughout the early stages of the business lifecycle should improve sustainability and encourage founders to embrace developing and using startup plans. Experts agree that entrepreneurial enterprises are creators of economic growth. In fact, a recent study by Guzman and Stern looked at the attributable growth for a community based on the quality of the startups (Guzman & Stern, 2016). It was found that “a doubling of the entrepreneurial quality predicts an increase of 6.8% in GDP in 11 years” (Frick, 2016). This study emphasizes the need for more successes, rather than more startups. “We’ve long known that new businesses matter to the economy and that it’s a small group of fast-growing firms that matter most, because of the jobs and innovation they bring” (Frick, 2016). Founders, investors, creditors, incubators, government programs, and entrepreneurial education programs all benefit from improving the sustainability rate of startups. These benefits include job creation, debt default minimization, and expanded economic growth through the multiplier effect of the surviving business entity (Guzman & Stern, 2016). Improving the success rate of new businesses through improved time zero planning will have positive consequences for the community and economy.

Financial Development and Economic Growth in Asian Countries: A Panel Empirical Investigation

2020 ◽  
Vol 6 (2) ◽  
pp. 76
Author(s):  
Cher Chen ◽  
GholamReza Zandi Pour ◽  
Edwin R. de Los Reyes
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Quantitative Research ◽  
Empirical Investigation ◽  
Time Frame ◽  
Asian Countries ◽  
African Region ◽  
Dynamic Panel ◽  
Unit Root Testing ◽  
Long Run

This study aimed to evaluate the association of financial development and economic growth by considering the case of 10 Asian countries. The study used quantitative research design where the preliminary testing was conducted using descriptive statistics and unit root testing. The sample size comprised of 10 emerging Asian countries (India, China, Malaysia, Philippines, Pakistan, Thailand, Singapore, Bhutan, Vietnam, and Bangladesh) and the time-frame for the study was 1990 to 2018. The main techniques of analysis were Pedroni cointegration, dynamic panel least squares (DOLS) and Granger Causality. This study concluded that long-run equilibrium existed between financial development and economic growth. The research was limited to the case of Asian countries, therefore, in future, the evaluation of European countries can be conducted or African region can also be undertaken into consideration.

The Legal Framework for Data and Consumer Protection in Europe

2009 ◽  
pp. 326-346
Author(s):  
Charles O’Mahony
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Consumer Protection ◽  
Data Protection ◽  
Legal Framework ◽  
The European Union ◽  
Legal Structures ◽  
The Creation ◽  
The Law ◽  
Legal Frameworks

This chapter will discuss the legal framework for consumer and data protection in Europe. Central to this discussion will be the law of the European Union (EU) on data and consumer protection.3 Recent years have seen the creation of legal frameworks in Europe which seek to secure the protection of consumers while simultaneously facilitating economic growth in the European Union. This chapter will outline the main sources of law which protect consumers and their privacy. This chapter will outline the important provisions in these sources of law and critically analyse them. The chapter will also point up the gaps and deficiencies in the consumer and data protection legal structures.

Taxes

2020 ◽  
pp. 146-163
Author(s):  
Kenneth P. Miller
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
The State ◽  
Personal Income ◽  
Tax Burden ◽  
Government Programs ◽  
Tax System ◽  
Revenue Source ◽  
Adequate Funding ◽  
State Tax

This chapter places Texas and California on the national spectrum of state tax policy and shows how they occupy opposite poles. Texas has maintained a low overall tax burden and is one of a small number of states that has steadfastly refused to adopt an income tax. Advocates of the Texas tax system argue that it protects personal freedom, promotes economic growth, and provides the state a crucial advantage in attracting new residents and businesses. Critics say the system is regressive and fails to produce adequate funding for government programs. By comparison, California has embraced a far higher tax burden and a progressive tax structure. Its largest revenue source, the personal income tax, is the highest in the nation. Advocates say California’s tax system generates needed funding for government programs and appropriately shifts the tax burden to those most able to pay, while critics say these taxes are excessive and help drive residents and businesses out of the state.

scholarly journals An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries

2020 ◽  
Vol 13 (7) ◽  
pp. 146 ◽  
Author(s):  
Batrancea Ioan ◽  
Rathnaswamy Malar Mozi ◽  
Gaban Lucian ◽  
Fatacean Gheorghe ◽  
Tulai Horia ◽  
...  
Keyword(s):  
Economic Growth ◽  
Direct Investment ◽  
Time Frame ◽  
Valuable Insight ◽  
Eastern European ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Macroeconomic Indicators ◽  
Eastern European Countries ◽  
Sustainable Economic Growth

The study focuses on the effects of imports, exports, financial direct investment inflow and financial direct investment outflow on sustainable economic growth expressed by various macroeconomic indicators (gross domestic product, gross domestic savings, gross domestic capital) using the least squares panel method. Sample data were selected for ten Central and Eastern European (CEE) countries and the time frame considered was 2005–2016. Generally, transitional economies have to incorporate strong savings and a steady capital formation in order to achieve higher economic growth via foreign direct investment. Results showed that the analyzed factors played a major role in the sustainable economic growth of CEE countries. Another important and valuable insight of this study is that the financial sector steers the process of achieving sustainable economic growth across CEE countries.

scholarly journals Government Size and Economic Growth: A Review of International Literature

SAGE Open ◽  
2019 ◽  
Vol 9 (3) ◽  
pp. 215824401987720 ◽  
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Granger Causality ◽  
Empirical Support ◽  
Time Frame ◽  
Government Size ◽  
International Literature ◽  
Data Set ◽  
Clear Cut ◽  
Study Methodology

In this article, we survey the existing literature on the causal relationship between government size and economic growth, highlighting the theoretical and empirical evidence from topical work. To our knowledge, this study may well be the first study of its kind to survey, in detail, the existing literature on the causal relationship between government size and economic growth—in all the countries, whether developing or developed. By and large, our study shows that direction of causality between these two variables has four possible outcomes, and that all the outcomes have found empirical support, based on variations in the country or region under study, methodology, proxies, data set used, and time frame considered. However, of the four, the most prominent is the second view, which validates unidirectional Granger-causality from economic growth to government size, followed by the bidirectional Granger-causality category. The study, therefore, concludes that the causal relationship between government size and economic growth is far from being clear-cut.

scholarly journals Introduction

2009 ◽  
Vol 83 (1) ◽  
pp. 1-7 ◽  
Author(s):  
Per H. Hansen
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
White Collar ◽  
Business History ◽  
Business Failure ◽  
Public And Private ◽  
Long Time

This issue of Business History Review is devoted to financial crisis, business failure, and scandal. As readers of this journal know, white-collar fraud is not a new phenomenon. Public and private authorities have confronted the problem for a long time, looking for ways to deal with it that will not stifle economic growth.

EXPORT-GROWTH NEXUS WHILE USING THE BLOCK EXOGENEITY: EMPIRICAL EVIDENCE FROM PAKISTAN

2020 ◽  
Vol 11 (1) ◽  
pp. 25-46
Author(s):  
Zia Ur Rahman
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Time Frame ◽  
Capital Formation ◽  
Gdp Per Capita ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Import Trade ◽  
Bound Test

The core objective of the study is to analyze the association between export and eco-nomic growth under the consideration of the time frame 1967 to 2017 for Pakistan economy. The review of literature assists to find out the frequently utilize factors are the real GDP per capita, export, import, trade openness, fiscal development and capi-tal formation possible determinants of the economic growth. However, Export Led Growth (ELG) hypothesis is oftenly employed to elaborate the affiliation between ex-port and the growth. Autoregressive distributed lag (ARDL) bound test approach to cointegration accompanied with the structural break and vector auto regressive (VAR) are employed to analysis the long-term association among real GDP per capita, ex-port, import, trade openness, fiscal development and capital formation. The empirical analysis confirms the cointegration among the factors and the ELG hypothesis holds in Pakistan economy. The Block Exogeneity reveals that export and the capital for-mation have strong influence to stimulate the economic growth. While all the other factors have cumulative influence on the growth. Moreover, the impulse response exposes that if the shock of real GDP per capita, import, trade openness, fiscal devel-opment and the capital formation are given to the export, then response of export would be positive in the coming time frame.

scholarly journals MARKETS AND INDUSTRY — VENTURE CAPITAL AND ECONOMIC GROWTH: AN INDUSTRY OVERVIEW AND SINGAPORE'S EXPERIENCE

2002 ◽  
Vol 47 (02) ◽  
pp. 243-267 ◽  
Author(s):  
FRANCIS C. C. KOH ◽  
WINSTON T. H. KOH
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Development ◽  
Venture Capital ◽  
Silicon Valley ◽  
The United States ◽  
Economic Success ◽  
Technology Leader ◽  
Urgent Task ◽  
The Creation

This paper provides an overview of the venture capital industry and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore's future economic success.

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