scholarly journals Encouraging Entrepreneurship and Economic Growth

2019 ◽  
Vol 12 (4) ◽  
pp. 178 ◽  
Author(s):  
David Ahlstrom ◽  
Amber Y. Chang ◽  
Jessie S. T. Cheung
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Initial Public Offerings ◽  
Financial Management ◽  
Living Standards ◽  
Special Issue ◽  
Public Offerings ◽  
Short Overview ◽  
The Past

The economy has seen unprecedented growth in the past two centuries, raising average incomes by 30-fold. With this added wealth, living standards also improved greatly. Although many factors impact economic growth, it is accepted that entrepreneurship plays a key role. Therefore, understanding the antecedents of entrepreneurship and the link to economic development, often through institutions, should be of higher importance to researchers and policymakers. This Special Issue of the Journal of Risk and Financial Management sought to provide a brief overview of the economic growth literature and its link with entrepreneurship while adding insight through the Special Issue papers regarding the drivers of entrepreneurship in different contexts. Thus, the papers gathered here addressed several aspects of entrepreneurship and how it may be encouraged through networking, cornerstone investors in initial public offerings, new financing methods such as with cryptocurrencies, and through entrepreneur health. The research sites were primarily in Asia. This lead paper summarizes the issue’s papers while also providing a short overview of the economic growth literature and its link to entrepreneurship and institutions. This Special Issue, thus contributes to the empirical and theoretic research on the drivers of entrepreneurship and the association with economic growth.

Consumption and Living Standards in China, 1978–83

1984 ◽  
Vol 100 ◽  
pp. 849-865 ◽  
Author(s):  
Nicholas R. Lardy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Policy ◽  
Mao Zedong ◽  
Living Standards ◽  
Major Objective ◽  
Consumption Growth ◽  
Mass Consumption ◽  
Socialist Economic ◽  
The 1950S

Marxist economists and socialist planners share the view that the major objective of socialist economic development is to meet the needs of mass consumption. During the debates that followed the death of Mao Zedong in 1976 there was a searching examination of the extent to which development policy in the previous two or more decades had succeeded in raising living standards. A central premise of the policies of reform and Readjustment that emerged by the late 1970s from this debate was that consumption growth since the 1950s had been too slow. What was the evidence to support this contention? In what ways has policy since 1978 sought to redirect economic growth towards increased levels of consumption? Have these policies been successful and to what extent are they likely to continue to raise living standards?

scholarly journals FINANCIAL MANAGEMENT IN ECONOMIC GROWTH OF TRANSITION COUNTRIES IN KOSOVO WILL BE SPECIAL

2018 ◽  
Vol 28 (1) ◽  
pp. 165-169
Author(s):  
Baki Koleci
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Management ◽  
Banking Industry ◽  
Negative Impact ◽  
Banking System ◽  
Transition Countries ◽  
Investment Funds ◽  
Ongoing Research ◽  
Explanatory Variables

The link between financial management and economic growth is a matter that is constantly being studied and discussed by various authors. The banking industry is an important source of economic development in the country, both in the private and public sectors. The lack of data for a multi-annual period remains a continuing problem for Kosovo's economy. Through multiannual data researchers and scholars will be able to draw the most accurate conclusions for transition countries.Through this study, we will show the empirical link between financial management, the banking system, economic growth in transition countries, and especially data from Kosovo. We will domenstrate throw the Regression Model (OLS) and three explanatory variables: Inflation, Credit to Household Economics and Credit Enterprise, we will reach the hypothesis conclusion.The results of regression show a positive and negative correlation between financial management, credit, and economic growth. From the results obtained, lies the hypothesis: where credit to households has a negative impact on economic growth. But the hypothesis is based: where the credit of the enterprise has a positive economic growth, while the offspring turns negative with economic growth.The purpose of this work is to fill this poor gap. New and ongoing research makes data completion, delivering the most accurate results and scope for improving financial policies.Various banking functions point to their importance for an effective and stable banking system as indispensable for the country's economy. Therefore, bank supervisors have an increased responsibility for monitoring and maintaining the healthy operation of a banking industry in a country. Moreover, individual entrepreneurs or investors usually lack sufficient capital to continue with their projects. Commercial banks provide mediation services that unite savers and investors by channeling theoretically investment funds for uses that bring the highest rate of return, increasing the specialization and division of labor (Todaro, 2003). The neoclassical growth model tells us that an increase in effective savings investments in new and innovative projects is one of the main economic growth generators (quoted in Armenta). The provision of credit is of utmost importance because mobilized assets can be rationally utilized, using them in the sphere of production, speeding up the reproduction process, turnover and other sectors, which are accounted for as sectors that accelerate economic development. Loans are very important and one of the main factors in stimulating economic development in the region, so the focus in the first part of this paper will be analysis of the role of loans and their impact on economic growth (credit growth in GDP) , where the main interest in this paper will be Kosovo.

scholarly journals ECONOMIC DEVELOPMENT UNDER REFORM AND WORLD INTEGRATION AND THE MAIN FACTORS INFLUENCING THE ECONOMIC GROWTH IN VIETNAM

2011 ◽  
Vol 14 (1) ◽  
pp. 5-27
Author(s):  
Canh Thi Nguyen ◽  
Son Hung Tran
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Quantitative Model ◽  
Poverty Rate ◽  
Living Standards ◽  
Capital Investments ◽  
Factors Affecting ◽  
Factors Influencing ◽  
Reform Period ◽  
Main Factors

The purpose of this paper was to give an overview of economic development under reform and world integration and to evaluate the main factors influencing the growth of the Vietnamese economy during the reform period (1990-2009). Based on statistical data on the Vietnamese economy in the period of 1990-2009, this study analyzed the factors affecting economic growth. The policy changes, economic development, poverty rates and living standards of Vietnamese population are analyzed over the reform period using qualitative methods. The results of this study show that economic growth under reform and world integration has reduced the poverty rate and increased living standards of population in Vietnam. An evaluation of the factors influencing economic growth is made using a quantitative model of total factor productivity (TFP) and another econometric model. The findings from this quantitative analysis show that the growth of the Vietnamese economy was determined by two factors: (1) capital investments, including foreign direct investment (FDI) and (2) the growth of exports. The results of these qualitative and quantitative analyses lay the foundation for policy recommendations for Vietnam Government to develop economy in the future.

scholarly journals Sustainable Development and the United Nations Dialogues

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Sophie Riley
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Value Systems ◽  
New Era ◽  
The Past ◽  
Law And Policy ◽  
The Earth ◽  
Commodification Of Nature

The Earth Summit (1992) heralded what was anticipated to be a new era in environmental regulation with the advent of sustainable development. The concept was based on integrating environmental protection with economic development, supported by specific objectives, such as protection of biodiversity and achievement of intergenerational equity. By the early part of the 21st-century it was apparent that sustainable development had become equated with continuous economic growth, human domination and commodification of nature. This article argues that shortcomings in sustainable development, apparent over the past 25 years, are partly due to the concept’s initial formulation and also attributable to the way the concept has been interpreted and implemented. This validates calls for reconfiguring society’s value systems by better integrating law and policy with Earth-centric principles. The discussion argues that this involves more than tinkering with the key tenets of sustainable development, instead of necessitating their reconceptualisation in accordance with philosophies of Earth jurisprudence.

scholarly journals Business With China: A Critical Evaluation Of Lure And Challenges

2011 ◽  
Vol 8 (2) ◽  
Author(s):  
Mohamad Sepehri ◽  
Hassan Pordeli
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Critical Evaluation ◽  
Market Reform ◽  
Economic Power ◽  
Quarter Century ◽  
The Past ◽  
Doing Business ◽  
Business Opportunities ◽  
The Impact

This paper examines the significant historical and socio economic development in China over the past quarter century and summarizes the main features of the pre-reform economy and the main strategies adopted by china as it began its quest for economic progress. The paper also evaluates the consequences of Chinas market reform and the challenges to this new economic power. The objective of the paper is to discuss both opportunities and risks in doing business in China and to provide and understanding of what compels so many firms to so boldly seek to establish a presence in China while taking substantial risks in doing so. The research concludes that, investment and business opportunities in China would outweigh the risk and challenges faced by potential investors. The paper examines the elements contributing to Chinas reform, including pro market reform, economic growth, and the rate and significance of FDI in china. Investment challenges include: corruption, mostly unfree economy, low ranking in ease of doing business, undervalued Yuan, and lack of proper intellectual property rights. The research points to positive indicators such as: Chinas economic development growth (i.e. GDP growth at 9.9% in mainland and 12.4% in Zhejiang); Chinas entry in WTO relaxing foreign investment restrictions; infrastructure development transit, energy, telecommunications, etc.; and the impact of the market reform - Chinas economic growth rate among the highest recorded during the past three decades. The examination of risks and challenges, reveals (1) the Driving Forces for business investment in China which include: rapidly expanding economy; growth in Chinese consumer purchasing power; and economic Power & other Indicators; and (2) the issues of concern such as: excess capacity in industrial sector, export dependence economy, problem with banking sector, and potential unemployment problem. The paper concludes that despite potential and clear risks there are good and legitimate business and investment potential in China and among many factors to consider are: many incentives to consider business opportunities and potential benefits; rising personal income and spending power in China; and increase in per capita income at steady rate of 8% since 1980, currently estimated at $3000.

The Political Economy of the Resource Curse

1999 ◽  
Vol 51 (2) ◽  
pp. 297-322 ◽  
Author(s):  
Michael L. Ross
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Resource Curse ◽  
The Political ◽  
Economic Problems ◽  
The Past ◽  
Wide Range ◽  
Resource Wealth ◽  
New Research ◽  
Natural Resource Wealth

How does a state's natural resource wealth influence its economic development? For the past fifty years, versions of this question have been explored by both economists and political scientists. New research suggests that resource wealth tends to harm economic growth, yet there is little agreement on why this occurs. This article reviews a wide range of recent attempts in both economics and political science to explain the “resource curse.” It suggests that much has been learned about the economic problems of resource exporters but less is known about their political problems. The disparity between strong findings on economic matters and weak findings on political ones partly reflects the failure of political scientists to carefully test their own theories.

scholarly journals Understanding firm exit: a systematic literature review

2021 ◽  
Author(s):  
Elena Cefis ◽  
Cristina Bettinelli ◽  
Alex Coad ◽  
Orietta Marsili
Keyword(s):  
Literature Review ◽  
Initial Public Offerings ◽  
Systematic Literature Review ◽  
English Summary ◽  
Future Research ◽  
Special Issue ◽  
Firm Exit ◽  
Public Offerings ◽  
Final Sample ◽  
The Individual

AbstractWe investigate the corpus of literature on firm exit by means of a systematic literature review (SLR) which yields a final sample of 142 journal articles for the period 1991–2020. The phenomenon of firm exit is explored from a variety of perspectives: business exit; exit at the individual entrepreneur level; exit from specific markets; exit from foreign markets; and the role of exit for industrial dynamics conceived more broadly. Special attention is given to the various exit routes, including voluntary liquidation, mergers and acquisitions (M&A), initial public offerings (IPO), and of course bankruptcy. The SLR sets the scene for the Special Issue papers that are presented towards the end, and we conclude with some suggestions for future research.The Plain English Summary This article develops a systematic literature review around three decades of firm exit research, patterns, developments, and intriguing gaps. In this paper, we systematically review 142 studies on firm exit from various perspectives, identify major patterns, and outline the debate around firm exit. We propose reflections useful for scholars willing to engage in firm exit research in the future and set the scene for the special issue papers. Overall, this work shows the remarkable progress made in the area of firm exit that has evolved from the view of exit as a homogenous event signaling failure to a vision of exit as a heterogenous event. Exploring the sources of heterogeneity of exits from various perspectives could offer promising paths for future research.

scholarly journals Modelling Trade, Investment, Growth and Liberalisation: Case Study of Pakistan

2012 ◽  
Vol 51 (4II) ◽  
pp. 187-208
Author(s):  
Muhammad Arshad Khan ◽  
Ayaz Ahmed
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Adam Smith ◽  
The United States ◽  
Sustainable Growth ◽  
Goods And Services ◽  
The Past ◽  
Asian Tigers ◽  
Liberalisation Policy

The role of trade in economic development as an engine of economic growth has been at the centre of hot policy debates over the past four decades. History supports the success of import liberalisation policy in the United States of America (USA) in the 1940s, Japan in 1960s and the exports promotion achievements of Asian Tigers in the 1970s and 1980s [Yen (2009)].1 There is no doubt that increased movement of goods and services across international borders over the past few decades has helped developing countries to achieve faster and sustainable growth. Many researchers argued that free trade has a key ingredient in facilitating transfer of technology from developed to developing countries [Heokman and Javorcik (2006) and Harding and Javorcik (2012)]. Theoretical literature suggest that trade liberalisation enhances economic growth and development through the specialisation and technological developments. The theoretical link between international trade and economic development can be traced back to the earlier writings of Classical Economists (Adam Smith and David Ricardo) and Neoclassical Economists (Heckscher and Ohlin) in the early part of nineteenth century. The Classical Economists hypothesised that nations gain from trade, and World production would grow when trading nations specialise according to the principles of comparative advantage. On the other hand, the Neo-classical Economists argued that countries will tend to specialise in those products that use abundant resources intensively in the production process. As a consequence, factors prices will tend to equalise across trading nations if production technologies remain identical throughout the world (Stolper-Samuelson approach).

scholarly journals SOLUTIONS FOR PROMOTING MARINE ECONOMIC DEVELOPMENT OF TRA VINH PROVINCE

2020 ◽  
Vol 1 (4) ◽  
pp. 85-93
Author(s):  
Son Van Vo ◽  
My Thi Truc Nguyen
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Efficiency ◽  
Current Situation ◽  
The Past ◽  
Potential Sources ◽  
Socio Economic Development ◽  
Coastal Province

Marine economic development is one of the key tasks in socio-economic development and Country’s sovereignty protection. Tra Vinh is a coastal province, whichhas a coastline of over 65 km with abundant and diverse resources. With the potential and advantages of a coastal province, over the past years, Tra Vinh has had many policies to promote the exploitation of these potential sources bringing high economic efficiency, which contributes to promoting the province economic growth. This article introduces the potential, current situation and proposes some solutions for marine economic development of Tra Vinh Province in the period of 4.0 revolution integration.

What causes hot markets for equity IPOs? An analysis of initial public offerings in the Netherlands, 1876–2015

2021 ◽  
Author(s):  
Abe de Jong ◽  
Wilco Legierse
Keyword(s):  
Economic Growth ◽  
The Netherlands ◽  
Initial Public Offerings ◽  
Econometric Model ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Market Conditions ◽  
Public Offerings

Abstract This paper explains fluctuations in the number of initial public offerings (IPOs) between 1876 and 2015 in the Netherlands. We test an econometric model and find that the number of IPOs is strongly related to the economic growth and the size of the stock exchange. We also find that IPOs are timed to coincide with favorable market conditions. Our model explains almost 50 percent of the fluctuations and most of the hot markets. To further understand IPO waves, we conduct a descriptive analysis, which yields two additional causes for hot markets, i.e., high capital needs and investors’ expectations for specific industries.

Sign in / Sign up

Export Citation Format

Share Document