scholarly journals Wymiar społeczny korporacji finansowych w systemie kapitalistycznym

2013 ◽  
pp. 167-180
Author(s):  
Katarzyna Marta Pniewska
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Social Exclusion ◽  
Market Economy ◽  
Market Imperfections ◽  
Long Time

In capitalism the capital plays superior role. Financial markets and financial corporations have a special and fundamental place in it due to their importance for market economy and economic growth. For a long time the pathologies of capitalism like degradation of environment, increasing gulf between rich and poor, social exclusion and global disequilibrium that capitalism is responsible for were ignored. The explanation was that the market will solve all the problems. Unfortunately, the market isn’t perfect. A good example of market imperfections is the use of excess capital for speculation. Therefore it is necessary to redefine the role of financial corporation so it includes social matters.

scholarly journals Complete and competitive financial markets in a complex world

2021 ◽  
Author(s):  
Gianluca Cassese
Keyword(s):  
Probability Measure ◽  
Financial Markets ◽  
Sample Space ◽  
Market Imperfections ◽  
Competitive Environment ◽  
Complex World ◽  
Economic Role

AbstractWe investigate the possibility of completing financial markets in a model with no exogenous probability measure, with market imperfections and with an arbitrary sample space. We also consider whether such an extension may be possible in a competitive environment. Our conclusions highlight the economic role of complexity.

scholarly journals Financial Development And Growth In Middle Eastern Countries

2010 ◽  
Vol 9 (11) ◽  
Author(s):  
Mounther Barakat ◽  
Edward Waller
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Financial Development ◽  
Financial Intermediation ◽  
Middle Eastern ◽  
Banking System ◽  
Specific Factors ◽  
The Relationship

This paper studies the relationship between financial intermediation and economic growth in a sample of Middle Eastern countries.  The results are consistent with the hypothesis that a well-functioning banking system promotes economic growth.  Moreover, the results suggest that market-specific factors may hinder financial markets’ ability to play hypothesized roles, while enhancing the role of intermediaries.  The paper’s general conclusion is that financial development does affect economic growth.  However, market specific factors affect the magnitude and significance of this effect.  The implication is that studies should control for market-specific factors to assess the relationship between financial development and growth.

scholarly journals Russian Financial Market: Is there Potential for Stimulating Economic Growth?

Vestnik NSUEM ◽  
2020 ◽  
pp. 86-104
Author(s):  
A. V. Novikov ◽  
I. Ya. Novikova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Market Economy ◽  
Financial Market ◽  
Market Segmentation ◽  
Point Of View ◽  
Gdp Growth ◽  
Investment Incentives ◽  
Russian Economy ◽  
Instrumental Approaches

Russia has passed the path of forming a market economy, which was accompanied by a multidirectional dynamics of GDP growth rates. The article considers the financial market as a factor of stimulating economic growth. Four stages of development of the market economy of Russia are justified. Starting from 2020, the fifth stage of economic growth based on the development of innovative technologies, digitalization of the economy. The features of these stages are analyzed from the point of view of investment incentives for development. Institutional and instrumental approaches to financial market segmentation are highlighted, and the features of implementing these approaches at each stage of the Russian economy development are considered. The formation of the financial market considered from the standpoint of the analysis of indicators, revealing the state of the financial markets: depth, access, stability and efficiency of the financial market. Measures for the development of the financial market are proposed.

Path from human capital to economic growth: A free highway or a complicated labyrinth?

2017 ◽  
pp. 5-23 ◽  
Author(s):  
I. Lyubimov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Education Policy ◽  
Financial Markets ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
Limited Effect ◽  
Rights Protection ◽  
Property Rights Protection

In this paper, we consider a number of causes which can potentially explain why human capital accumulation policies might have limited effect on economic growth. Mixed empirical results can be found in the literature, both supporting and questioning the key role of human capital as an important cause of economic growth. We focus on the latter and start from pointing at inaccurate indicators of human capital accumulation, such as the average years of schooling, which might not reflect with acceptable level of accuracy the level of human capital accumulated in a particular economy. We then consider the role of other causes of economic growth, such as property rights protection or financial markets development, which might affect the demand for human capital, thus potentially limiting the effect of a policy affecting the supply of human capital. We then discuss the efficiency of human capital distribution among various activities in a particular economy and argue that the way the economy uses its human capital stock might matter for its growth rates. Finally we point at potential flaws in education policy, which might result in slow accumulation of human capital.

FDI and economic growth: the role of local financial markets

2004 ◽  
Vol 64 (1) ◽  
pp. 89-112 ◽  
Author(s):  
Laura Alfaro ◽  
Areendam Chanda ◽  
Sebnem Kalemli-Ozcan ◽  
Selin Sayek
Keyword(s):  
Economic Growth ◽  
Financial Markets

scholarly journals Types and Functions of Taxes in a Market Economy

2021 ◽  
Vol 8 (7) ◽  
pp. 579
Author(s):  
Isabella Rustambekovna Yuldasheva ◽  
Nematulla Abdusalamovich Artikov
Keyword(s):  
Economic Growth ◽  
Economic Analysis ◽  
Market Economy ◽  
Tax Policy ◽  
Large Scale ◽  
Depth Analysis ◽  
Key Factor ◽  
Economic Considerations

The purpose of this article is to explain the role and importance of taxes in a market economy based on economic analysis. There are also economic considerations about the types of taxes, and the importance of the functions of taxes in today’s market economy has been scientifically demonstrated. The role of taxes and types of taxes in the regulation of the economy, the results of economic measures taken to introduce taxes in the economic growth of the country are presented in statistics. Through an in-depth analysis of the role of tax functions in the economy, we can identify them as a key factor in ensuring the country's budget. The large-scale work carried out in our country to ensure greater transparency of tax policy determines the relevance of this sector for today's market economy.

Neoliberalism in Germany: Ordoliberalism and the Social Market Economy

Diogenes ◽  
2019 ◽  
Vol 27 (2) ◽  
Author(s):  
Nikolay Alexandrov ◽  
◽  
◽  
Keyword(s):  
Market Economy ◽  
The State ◽  
Economic Life ◽  
Social Market Economy ◽  
Political Issues ◽  
Role Of The State ◽  
The Social ◽  
Long Time ◽  
Social Market

This article is devoted to German neoliberalism, which differs from the other national schools of the doctrine in question on the large scientific-theoretical array and the scientific-political science inherent in German social philosophers, which deals with the legal, economic and legal-political issues of democracy, market economy and the role of the state in a free society. One important feature of German neoliberalism, which emerges in the German universities, is emphasized, and besides being the most complex of all the national schools of neoliberalism and with the greatest number of theorists, it has for a long time maintained its objectivity and position on common sense, protecting the interests of all citizens, regardless of their property and social status. It also emphasizes that emblematic feature of German neoliberalism, according to which this national school does not deny the role of the state in social and economic life, but affirms it.

scholarly journals FDI and economic growth: New evidence on the role of financial markets

2010 ◽  
Vol 107 (2) ◽  
pp. 211-213 ◽  
Author(s):  
W.N.W. Azman-Saini ◽  
Siong Hook Law ◽  
Abd Halim Ahmad
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
New Evidence

Exploring the Role of Local Financial Markets in the Portfolio Investment-Growth Nexus

2021 ◽  
pp. 175-188
Author(s):  
Friday Osemenshan Anetor ◽  
Simeon Oludiran Akinleye ◽  
Folorunso Sunday Ayadi
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Generalized Method Of Moments ◽  
Recipient Country ◽  
Portfolio Investment ◽  
Foreign Portfolio Investment ◽  
Sub Saharan ◽  
Investment Growth ◽  
Portfolio Investments

In recent times, foreign portfolio investment inflows have been considered pivotal to sub-Saharan Africa's growth (SSA) as they help enhance liquidity and make a substantial fund available for investment. However, some scholars have stressed that the sustainable inflows of portfolio investments and their impact on growth depend on the extent to which the recipient country can develop its local financial markets. As a result, this chapter aims to determine the moderating role of local financial markets in facilitating the effects of portfolio investments on economic growth in 28 SSA between the period 1995-2018. The study employed the system generalized method of moments (SGMM) and found that portfolio investments positively and significantly impact economic growth. However, the study observes that the interaction between portfolio investments and financial market development is negative and significant, presupposing that the relationship between portfolio investment and economic growth is not contingent on local financial markets.

THE ROLE OF ENTREPRENEURSHIP IN THE SOCIO-ECONOMIC DEVELOPMENT OF CANADA

2020 ◽  
Vol 13 (2) ◽  
pp. 168-175
Author(s):  
A.V. Sharkovа ◽  
◽  
I.A. Keylin ◽  
S.E. Shibalova ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Economy ◽  
Gross National Product ◽  
Economic Life ◽  
Growth Structure ◽  
Socio Economic Development ◽  
The Impact

Small and medium-sized businesses are an integral part of the market economy, without which the state cannot function effectively. SMEs largely determine the rate of economic growth, structure and quality of the gross national product, forming its significant share. This article examines the features of business in Canada, its role and place in the economy, and examines the impact of entrepreneurship on the socio-economic life of the country.

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