Post-Crisis Development: Regional Aspects

2012 ◽  
pp. 67-83 ◽  
Author(s):  
N. Zubarevich
Keyword(s):  
Government Policy ◽  
Federal Aid ◽  
Russian Regions ◽  
Policy Measures ◽  
Economic Specialization ◽  
The Impact ◽  
Competitive Regions

The article deals with post-crisis development in Russian regions. Dynamics of regional output, investments and employment in 2008—2011 was determined by objective factors (economic specialization, level of development and location) and specific government policy measures. The impact of objective factors was stronger for the most regions, and competitive regions overcame the crisis easier. For a number of underdeveloped territories federal aid again turned out to be the safety cushion. Top-priority government projects played the same role for some regions. The crisis hasn't affected their development as much as it could have.

scholarly journals Assessing the Impact of Policy Measures in Reducing the COVID-19 Pandemic: A Case Study of South Asia

2021 ◽  
Vol 13 (20) ◽  
pp. 11315
Author(s):  
Dilawar Khan ◽  
Nihal Ahmed ◽  
Bahtiyar Mehmed ◽  
Ihtisham ul Haq
Keyword(s):  
World War Ii ◽  
South Asia ◽  
Government Policy ◽  
Policy Implications ◽  
Cointegration Test ◽  
Substantial Impact ◽  
Distributed Lag ◽  
Containment Measures ◽  
Policy Measures ◽  
The Impact

The COVID-19 pandemic is considered to be the world’s most urgent health disaster and the greatest challenge humanity has faced since World War II. One of the most significant concerns is the effectiveness of the extraordinary efforts undertaken around the world to prevent the spread of the coronavirus. This study applied the Westerlund cointegration test and the Pooled Mean Group–Autoregressive Distributed Lag (PMG-ARDL) model to investigate the effectiveness of government policy measures in reducing the COVID-19 pandemic using weekly data for the period 1 January 2020 to 31 May 2021. The results of the Westerlund cointegration test validate the presence of a cointegration relationship between government policy measures and the COVID-19 pandemic. In addition, results of PMG-ARDL show that economic support, stringency, and health and containment measures play a significant role in reducing the COVID-19 pandemic. Therefore, this study concluded that pharmaceutical and non-pharmaceutical measures have a substantial impact on mitigating the COVID-19 pandemic in South Asia. Policy implications such as government financial support for poor families, stringency, and health and containment measures must be adopted during the pandemic to curb/reduce the spread of COVID-19. Furthermore, it is also recommended to provide vaccines free of charge to developing countries and a stimulus package to support health research to expand the capacity for rapid vaccine in this region.

The Impact of Equity-driven Policy Measures of the Equity of the State

1993 ◽  
Author(s):  
J. G. Backhaus
Keyword(s):  
Public Finance ◽  
Government Policy ◽  
Market Failure ◽  
Social Equity ◽  
Government Action ◽  
Effective Instrument ◽  
Policy Measures ◽  
Public Equity ◽  
Finance Theory ◽  
The Impact

During the last decades, the idea that government can and should be an effective instrument for the attainment of social justice and other ideals dear to social economists has come under powerful attack. Sometimes the attack is doctrinaire, designating areas in which government should or should not intervene. In economics, this often is done in the tradition of identifying areas of ‘market-failure’. Sometimes the attack is fueled by the serious shortcomings of well-intentioned government action leading to poor results. Some economists have tried to identify these areas of poor government policy in terms of theory of governmental failure. In this paper, a different route is chosen. Building on traditional public finance theory, the concept of public equity is developed as a measuring rod with which to judge the outcomes of policies guided by considerations of social equity or justice.

scholarly journals COVID-19 Pandemic and MSMEs in Indonesia: Impact and Policy Responses

2021 ◽  
Vol 10 (2) ◽  
pp. 143-171
Author(s):  
Ahmad Dading Gunadi ◽  
Harry Lesmana ◽  
Hilda Fachrizah ◽  
Mohamad Dian Revindo ◽  
Rama Vandika Daniswara
Keyword(s):  
Government Policy ◽  
Primary Data ◽  
Policy Responses ◽  
Managerial Implications ◽  
Policy Measures ◽  
The Government ◽  
The Impact

Since the first confirmed case of COVID-19 infection in Indonesia in March 2020, the pandemic has hit the economy hard, especially the Micro, Small and Medium-sized Enterprises (MSMEs). This study aims to analyze the extent of the impact of the pandemic on MSMEs and the effectiveness of the government policy measures. Primary data was collected through a questionnaire administered to 2,535 MSMEs in 17 provinces during July–September 2020. The results show that MSMEs already suffered revenue slump within the second month of the pandemic and encountered both financial and non-financial hardships. The government supports and assistance was perceived as very helpful to mitigate the impact of the pandemic by the recipients. However, the programs’ distribution was hampered by either mis-targeting or lack of socialization regarding applicationrequirements, procedures and registration location. The policy, academic and managerial implications of the findings are provided.

Investment climate and government turnover in russian regions

2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk
Keyword(s):  
Economic Development ◽  
Theoretical Model ◽  
Private Sector ◽  
Authoritarian Regimes ◽  
Russian Regions ◽  
Investment Climate ◽  
Regional Data ◽  
Endogenous Property Rights ◽  
The Impact

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.

Impact of regulatory framework rigidity on poverty in the regions of Russia

2020 ◽  
pp. 62-79
Author(s):  
P. N. Pavlov
Keyword(s):  
Economic Activity ◽  
Regional Level ◽  
Institutional Factors ◽  
Federal Regulations ◽  
Russian Regions ◽  
Poverty Dynamics ◽  
Regulatory Burden ◽  
Sectoral Structure ◽  
The Impact ◽  
Regions Of Russia

The paper analyzes the impact of the federal regulatory burden on poverty dynamics in Russia. The paper provides regional level indices of the federal regulatory burden on the economy in 2008—2018 which take into account sectoral structure of regions’ output and the level of regulatory rigidity of federal regulations governing certain types of economic activity. Estimates of empirical specifications of poverty theoretical model with the inclusion of macroeconomic and institutional factors shows that limiting the scope of the rulemaking activity of government bodies and weakening of new regulations rigidity contributes to a statistically significant reduction in the level of poverty in Russian regions. Cancellation of 10% of accumulated federal level requirements through the “regulatory guillotine” administrative reform may take out of poverty about 1.1—1.4 million people.

Retrospective analysis of the resilience of Russian regions as socio-economic systems

2019 ◽  
pp. 46-64 ◽  
Author(s):  
Vladimir V. Klimanov ◽  
Sofiya М. Kazakova ◽  
Anna A. Mikhaylova
Keyword(s):  
Panel Data ◽  
Economic Systems ◽  
Financial Indicators ◽  
Russian Regions ◽  
Integral Index ◽  
Negative Effects ◽  
Economic Resilience ◽  
Correlation Dependence ◽  
The Impact ◽  
The Relationship

The article examines the impact of various socio-economic and financial indicators on the resilience of Russian regions. For each region, the integral index of resilience is calculated, and its correlation dependence with the selected indicators is revealed. The study confirms the relationship between fiscal resilience and socio-economic resilience of the regions. The analysis of panel data for 75 regions from 2007 to 2016 shows that there are significant differences in the dynamics of indicators in different periods. In particular, the degree of exposure to the negative effects of the crises of 2008—2009 and 2014—2015 in non-resilient regions is higher than in resilient ones.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

The ‘Modernisation’ of Scotland and its Impact on Glasgow, 1955–1979: ‘Unwanted Side Effects’ and Vulnerabilities

2016 ◽  
Vol 25 (3) ◽  
pp. 294-316 ◽  
Author(s):  
Chik Collins ◽  
Ian Levitt
Keyword(s):  
Side Effects ◽  
Government Policy ◽  
Regional Policy ◽  
Excess Mortality ◽  
Policy Agenda ◽  
Policy Makers ◽  
Uk Government ◽  
1960S And 1970S ◽  
The 1960S ◽  
The Impact

This article reports findings of research into the far-reaching plan to ‘modernise’ the Scottish economy, which emerged from the mid-late 1950s and was formally adopted by government in the early 1960s. It shows the growing awareness amongst policy-makers from the mid-1960s as to the profoundly deleterious effects the implementation of the plan was having on Glasgow. By 1971 these effects were understood to be substantial with likely severe consequences for the future. Nonetheless, there was no proportionate adjustment to the regional policy which was creating these understood ‘unwanted’ outcomes, even when such was proposed by the Secretary of State for Scotland. After presenting these findings, the paper offers some consideration as to their relevance to the task of accounting for Glasgow's ‘excess mortality’. It is suggested that regional policy can be seen to have contributed to the accumulation of ‘vulnerabilities’, particularly in Glasgow but also more widely in Scotland, during the 1960s and 1970s, and that the impact of the post-1979 UK government policy agenda on these vulnerabilities is likely to have been salient in the increase in ‘excess mortality’ evident in subsequent years.

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