scholarly journals Industrial Sector Input Demand Responsiveness and Policy Interventions

1999 ◽  
Vol 38 (4II) ◽  
pp. 1083-1100 ◽  
Author(s):  
Muhammad Ali Chaudhary ◽  
Eatzaz Ahmad ◽  
Abid A. Burki ◽  
Mushtaq A. Khan
Keyword(s):  
Industrial Production ◽  
Government Intervention ◽  
Industrial Sector ◽  
Output Growth ◽  
Government Interventions ◽  
Know How ◽  
Price Elasticities ◽  
Policy Interventions ◽  
Input Demand ◽  
The Government

In Pakistan, government intervention in the input market of the industrial sector is considerable. It regulates prices of virtually all energy and certain other non-labour inputs. To stimulate industrial production and output growth, it also encourages the provision of extended credit facilities to the industrial producers. Further, it has also often announced adjustments/reductions in duties and tariffs on products used in industrial production. Conversely, government also imposes taxes on outputs. It may desire to levy new taxes on the industrial inputs. All interventions have profound implications for producers, consumers and the government alike. Therefore, it is important to know how they may affect the industrial input demand. Further, it is equally important to know how effective they may be for the government in the realisation of its objectives. The most pertinent approach to ascertain the industrial input demand responsiveness to government interventions is to obtain valid estimates of price elasticities. In fact, competent elasticity estimates of the producer input demand derived with a sound methodology can serve as a solid basis to predict producer responsiveness to market changes and thereby the effectiveness and desirability of government interventions

scholarly journals Components for Measuring the Efficiency of the Intervention Measures to Support Business, Initiated and Implemented by the Government of Lithuania during the First Lockdown

2021 ◽  
Vol 13 (3) ◽  
pp. 1031
Author(s):  
Jelena Nikolajenko ◽  
Rasa Viederytė ◽  
Agnė Šneiderienė ◽  
Ignas Aničas
Keyword(s):  
Sustainable Development ◽  
Government Intervention ◽  
Economic Recession ◽  
Secondary Data ◽  
Government Interventions ◽  
Intervention Measures ◽  
Maximum Benefit ◽  
The Government ◽  
Social Environmental ◽  
Main Components

A lockdown is a set of restrictive actions, in the implementation of which countries face a case of chain reaction: In order to protect human lives and health, the states, due to imbalances in fiscal and monetary policies caused by uncollected planned revenues and unplanned excessive budget expenditures, experience a socio-economic recession. The current paper focuses on the first lockdown implemented in Lithuania to control the spread of COVID-19, which took place from 16 March, 2020 until 16 June, 2020. The main object of the paper is the components that defined the efficiency of the government intervention measures intended to support businesses affected by the first lockdown regime. By generating the mentioned components, we followed the principle of the philosophy of sustainable development: the interdependence of economic, social, environmental, and institutional elements; coherence; and sustainable development. Efficiency is the art of choice, where it is necessary to anticipate the final aim, resulting in maximum benefit from the arrangement of the available limited resources. However, in order to measure the effectiveness of government interventions, we were faced with differences in interpretations of the measurement of the effectiveness of policy decisions. In the course of the research, after analysing secondary data, we identified and, by means of modelling techniques, visualised the main components to estimate the efficiency of the government intervention measures. The theoretical model demonstrated that economic instruments—volume, price, time, transparency, and results—defined the efficiency of their implementation.

scholarly journals Pakistan’s Industrial Experience and Future Directions

1997 ◽  
Vol 36 (4II) ◽  
pp. 929-944
Author(s):  
A. R. Kemal
Keyword(s):  
Human Resource Development ◽  
Industrial Development ◽  
Manufacturing Sector ◽  
New Technology ◽  
Industrial Sector ◽  
Output Growth ◽  
International Standards ◽  
Social Infrastructure ◽  
Cluster Approach ◽  
The Government

This paper examines the growth and patterns of industrial production and investment activities in Pakistan during the last fifty years, 1947–1997. The industrial strategies pursued so far and the levels of efficiency and protection in the manufacturing industries are also examined. It shows that the growth rate of the manufacturing sector exceeded 8 percent up to the 1980s, but in the recent years, it has slipped to around 3 percent. Keeping in view the current sluggish output growth and inadequate investments in the industrial sector, it is recommended that Pakistan must pursue the efficient industrialisation strategy. For this purpose, the country has to pursue the sole objective of accelerating the pace of industrial investment activities and the tariff structure has to be changed in such a way that the activities chosen accord with her dynamic comparative advantage. In addition, the government will need to influence the structure of incentives, which are largely governed in Pakistan by the protection structure. The government must provide the necessary physical and social infrastructure for efficient industrialisation. Augmenting the science and technology apparatus of the private sector, bringing research institutions up to the international standards, and streamlining of technology creation, absorption and diffusion systems are essential to diversify production towards new technology-based industries. Cluster approach (i.e., an agglomeration of key industries, supporting sectors, infrastructures, and institutions that are interlinked and interdependent) can be quite useful in the development of vendors. The regulatory framework needs to be streamlined. There is also a need to improve outdated and overlapping laws regarding the industrial sector. Human resource development (through cluster approach) would improve industrial efficiency through innovations. Consistent and stable policies and improved law and order situation are pre-requisites for efficient industrial development in Pakistan.

Analysing Growth Paths and Employment Performance of Indian Food Processing Industry: Uncovering Dynamics at the Sub-sectoral Level

2021 ◽  
Keyword(s):  
Food Processing ◽  
Output Growth ◽  
Food Processing Industry ◽  
Potential Productivity ◽  
Processing Industry ◽  
Policy Interventions ◽  
Employment Elasticity ◽  
Employment Generation ◽  
The Government ◽  
Indian Food

Against the backdrop of a potential productivity-employment trade-off, the performance of the Indian Food Processing Industry (FPI) and its sub-sectors, on key employment-related indicators was assessed over two decades (1998-99 to 2017-18). Based on ASI’s 4-digit level dataset on FPI’s 18 sub-sectors, the patterns of output growth were analysed and categorised into extensive, intensive, stagnant and virtuous growth paths. Pooled panel regression-based employment elasticities were estimated across sub-sectors to determine prospects of employment generation. Despite declining employment elasticities for aggregate FPI, prospects for future employment creation were found in the rapidly growing subsectors which exhibited relatively higher employment elasticity of growth. The exploration of sub-sectoral dynamics highlights the need for adequately reflecting on the heterogeneity in employment-related parameters across growth paths and suitably inform policy interventions at a juncture when there has been renewed emphasis from the Government of India to boost employment in the organised manufacturing segment.

scholarly journals The Analysis of Government Intervention and Stock Market during Crises Periods

2019 ◽  
Vol 1 (01) ◽  
Author(s):  
Fiesty Utami ◽  
Ai Chi Hsu
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Stock Price ◽  
Currency Crises ◽  
Government Intervention ◽  
Abnormal Returns ◽  
Central Banks ◽  
Market Model ◽  
Government Interventions ◽  
The Government

The government, through central banks, has a monetary authority to do an intervention, either directly or indirectly. Central banks do a direct intervention by exchanging reserves to influence the exchange rate and do an indirect intervention by increasing or decreasing the interest rate. However, when the currency crises happen, smoothing the currency movements by doing government intervention may reduce fears in the financial markets. This study examines the government intervention effect in 27 countries on the stock market during the crises periods, either during the Asian currency crises or currency crises of each country. To estimate abnormal returns, this study uses the traditional market model. Then, in the lack of official government intervention data, this study uses the proxy of government intervention to estimate the intervention activities. This study shows that in currency crises periods, the government interventions do not effectively impact exchange rate, stock price, and stock market return.

scholarly journals A qualitative study of innovation diffusion: the novel case of a small firm and KTP

2013 ◽  
Vol 20 (4) ◽  
pp. 889-912 ◽  
Author(s):  
Jyoti Choudrie ◽  
Nigel Culkin
Keyword(s):  
Small Firm ◽  
Government Intervention ◽  
Role Of Government ◽  
Content Type ◽  
Government Interventions ◽  
Mere Presence ◽  
Archival Documentation ◽  
The Government ◽  
The Impact

Purpose – Using the case study of a small firm this research study aims to understand the actions required for diffusion of an innovation in a small firm. Design/methodology/approach – The research used a qualitative approach involving interviews, referring to archival documentation and observations to understand the actions required for diffusing an innovation in an SME. Findings – From this case study various institutional actions specific to a small firm were identified as a result of government intervention. Classic theories of adoption and use such as, TAM, TPB, TRA or DoI can quantify measures but cannot explain the impact of the actions that the applied King et al. framework did. Further, although these actions are not directly evident, using the qualitative findings and analysis it can be seen that they are important for the diffusion of an innovation. It can also be learnt that these institutional actions can be vitally important for the growth and development of a future innovation. Although the role of government intervention was small in monetary terms, the mere presence of government representation was critical to ensure that the proposed plans and measures were implemented in the appropriate manner and at the appropriate time, both for the small firm and for the government. In terms of the theoretical framework's institutional actions it can be learnt that not all action outcomes are clearly visible. Some are tangible, while others are not. This implies that to diffuse innovation, there needs to be an understanding of monetary, human and other such resources to form a better understanding. However, most importantly it can be concluded that the diffusion framework developed by King et al. provides a clear picture of the diffusion of an innovation and is most useful for understanding not only national government interventions that previous research identified. Previous institutional actions research has not clearly shown how a micro understanding of the impacts of the various actions can be obtained, of which this study provides further evidence. Originality/value – Collaborative arrangements between HEIs, SMEs and government funding agencies are increasingly encouraged. This paper examines and understands the impacts of strategies used for diffusing innovations, of which the SME and KTP contexts have fewer studies.

The Right to Information in India Implementation and Impact

2015 ◽  
Vol 2 (1) ◽  
pp. 17
Author(s):  
_______ Naveen ◽  
_____ Priti
Keyword(s):  
Public Life ◽  
Public Authorities ◽  
The Public ◽  
Know How ◽  
The People ◽  
The Government ◽  
Right To Information ◽  
The Right ◽  
The Impact

The Right to Information Act 2005 was passed by the UPA (United Progressive Alliance) Government with a sense of pride. It flaunted the Act as a milestone in India’s democratic journey. It is five years since the RTI was passed; the performance on the implementation frontis far from perfect. Consequently, the impact on the attitude, mindset and behaviour patterns of the public authorities and the people is not as it was expected to be. Most of the people are still not aware of their newly acquired power. Among those who are aware, a major chunk either does not know how to wield it or lacks the guts and gumption to invoke the RTI. A little more stimulation by the Government, NGOs and other enlightened and empowered citizens can augment the benefits of this Act manifold. RTI will help not only in mitigating corruption in public life but also in alleviating poverty- the two monstrous maladies of India.

scholarly journals The Implementation of Childhood Obesity Related Policy Interventions in Malaysia—A Non Communicable Diseases Scorecard Project

2021 ◽  
Vol 18 (11) ◽  
pp. 5950
Author(s):  
Wilfred Kok Hoe Mok ◽  
Noran Naqiah Hairi ◽  
Caryn Mei Hsien Chan ◽  
Feisul Idzwan Mustapha ◽  
Thamil Arasu Saminathan ◽  
...  
Keyword(s):  
Risk Factors ◽  
Childhood Obesity ◽  
Communicable Diseases ◽  
Overweight And Obesity ◽  
Current Status ◽  
Non Communicable Diseases ◽  
Modified Delphi ◽  
Policy Interventions ◽  
Non Governmental Organizations ◽  
The Government

(1) Background: The prevalence of overweight and obesity among children has increased tremendously in the ASEAN region, including Malaysia. In Malaysia, the National Strategic Plan for Non-Communicable Diseases (2015–2025) provides the overall framework for its response to the non-communicable diseases (NCD) epidemic. Preventing childhood obesity is one of the key strategies for early intervention to prevent NCDs. The objective of this research is to examine the current status of policy interventions in addressing childhood obesity in Malaysia. (2) Methods: A panel of 22 stakeholders and experts from Malaysia, representing the government, industry, academia and non-governmental organizations, were sampled using a modified Delphi technique. Data were collected using a modified NCD scorecard under four domains (governance, risk factors, surveillance and research and health systems response). A heat map was used to measure the success of the four realms of the NCD scorecard. For each domain of the NCD scorecard, the final score was grouped in quintiles. (3) Results: A total of 22 participants responded, comprising of eight (36.4%) males and 14 (63.4%) females. All the domains measured in implementing policies related to childhood obesity were of low progress. Nine governance indicators were reported as 22.5% (low progress), four in the risk factors domain, and two in the surveillance. This shows that timely and accurate monitoring, participatory review and evaluation, and effective remedies are necessary for a country’s surveillance system. (4) Conclusion: Although Malaysia has published several key strategic documents relating to childhood obesity and implemented numerous policy interventions, we have identified several gaps that must be addressed to leverage the whole-of-government and whole-of-society approach in addressing childhood obesity in the country.

Developmental Impacts of Remittances on Migrant-Sending Households: Micro-Level Evidence from Punjab, Pakistan

2019 ◽  
Vol 14 (3) ◽  
pp. 338-366
Author(s):  
Kashif Imran ◽  
Evelyn S. Devadason ◽  
Cheong Kee Cheok
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Quality Data ◽  
High Quality ◽  
High Quality Data ◽  
Development Index ◽  
Policy Interventions ◽  
Education And Health ◽  
Micro Level ◽  
The Government

This article analyzes the overall and type of developmental impacts of remittances for migrant-sending households (HHs) in districts of Punjab, Pakistan. For this purpose, an HH-based human development index is constructed based on the dimensions of education, health and housing, with a view to enrich insights into interactions between remittances and HH development. Using high-quality data from a HH micro-survey for Punjab, the study finds that most migrant-sending HHs are better off than the HHs without this stream of income. More importantly, migrant HHs have significantly higher development in terms of housing in most districts of Punjab relative to non-migrant HHs. Thus, the government would need policy interventions focusing on housing to address inequalities in human development at the district-HH level, and subsequently balance its current focus on the provision of education and health.

scholarly journals Certain Aspects of Family Policy Incentives for Childbearing—A Hungarian Study with an International Outlook

2018 ◽  
Vol 10 (11) ◽  
pp. 3976 ◽  
Author(s):  
Judit Sági ◽  
Csaba Lentner
Keyword(s):  
Family Policy ◽  
Developed Countries ◽  
Birth Rates ◽  
Cultural Economic ◽  
Policy Regime ◽  
New Family ◽  
Policy Interventions ◽  
Fiscal Incentives ◽  
The Government ◽  
Policy Incentives

Decreasing trends in birth rates in developed countries during the past decades, which threaten the sustainability of their populations, raise concerns in the areas of employment and social security, among others. A decrease in willingness to bear children has been examined in the international literature from several (biological, socio-cultural, economic, and spatial, etc.) aspects. Among these, the question of the effectiveness of fiscal incentives has been raised, with arguments that these are positive, but not significant, to birth rates; our study also concludes this. In Hungary, from 2010 onwards, the government has introduced very high tax allowances for families and, from 2015, has provided direct subsidies for housing purposes, all within a framework of a new family policy regime. This paper presents an evaluation of family policy interventions (e.g., housing support, tax allowances, other child-raising benefits), with the conclusion that fiscal incentives cannot be effective by themselves; a sustainable level of birth rates can only be maintained, but not necessarily increased, with an optimal design of family policy incentives. By studying the Hungarian example of pro-birth policies there is shown to be a policy gap in housing subsidies.

Bank competition, government intervention and SME debt financing

2017 ◽  
Vol 7 (4) ◽  
pp. 478-492 ◽  
Author(s):  
Jianhua Du ◽  
Chao Bian ◽  
Christopher Gan
Keyword(s):  
Government Intervention ◽  
Generalized Method Of Moments ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Debt Financing ◽  
Bank Loans ◽  
Bank Competition ◽  
Firm Level ◽  
Content Type ◽  
The Government

Purpose The purpose of this paper is to examine the effects of the government intervention and bank competition on small and medium enterprise (SME) external debt financing in Chinese capital market. Design/methodology/approach This study uses ordinary least squares with standard errors clustered at the firm level. In addition, the authors use the dynamic system generalized method of moments to address the possible endogeneity issue in the regressions. Findings Using a sample of 908 firms from 2000 to 2010, the authors found that SMEs are more likely to access bank loans only in regions with higher level of government intervention than median government intervention. Further, the result shows that the government is motivated to help SMEs to obtain more external debt in regions where the level of bank competition is lower than the median bank competition index. Last, the authors found evidence that firms with politically connected CEOs are likely to access bank loans. Research limitations/implications This paper highlights that government intervention enables the SMEs to secure more bank loans. Second, the authors’ results imply that the government is motivated to help SMEs to obtain more external debt in regions with low level of bank competition. Originality/value This study contributes to the current literature by revealing that government intervention is the driving force alleviating SMEs’ constraints in accessing external financing. Second, this study finds the evidence to supports the argument that government has a strong motive to help SMEs to secure long-term credits for political purpose (Fan et al., 2012), when the level of bank competition is low (Berger and Udell, 2006).

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