Cultural Capital as a Factor of Uncertainty and Transaction Costs

2015 ◽  
Vol 2015 (5) ◽  
pp. 3-21
Author(s):  
Elena Nikishina
Keyword(s):  
Social Capital ◽  
Economic Theory ◽  
Cultural Capital ◽  
Transaction Costs ◽  
Institutional Design ◽  
Bilateral Trade ◽  
Competitive Advantages ◽  
Suggested Approach ◽  
Definition Of ◽  
Reduction Of Uncertainty

The paper deals with the concept of culture and cultural capital in the economic theory. The concept of culture is analyzed through the points of criticism of social capital by R.Solow. The paper suggests a refined definition of culture and cultural capital. Several ways of productive use of cultural capital are described. Among them: through reduction of uncertainty and transaction costs, through use of competitive advantages, based on culture and harmonization of formal and informal rules. The effect of cultural capital on bilateral trade through reduction in uncertainty and transaction costs is tested in the empirical part of the paper. A suggested approach to cultural capital, based on transaction costs theory can be useful for institutional design, and policy-advice, aiming at the increase in competitiveness of society and the efficiency of formal institutions.

Socio-cultural Resource for Kazakhstan Modernization

2012 ◽  
pp. 74-82 ◽  
Author(s):  
A. Stavinskaya ◽  
E. Nikishina
Keyword(s):  
Social Capital ◽  
Cultural Capital ◽  
Competitive Advantages ◽  
Institutional Reforms ◽  
Cultural Resource ◽  
Bonding Social Capital ◽  
Social And Cultural Capital ◽  
The Social ◽  
Social And Economic Development ◽  
Cultural Features

The opportunities of the competitive advantages use of the social and cultural capital for pro-modernization institutional reforms in Kazakhstan are considered in the article. Based on a number of sociological surveys national-specific features of the cultural capital are marked, which can encourage the country's social and economic development: bonding social capital, propensity for taking executive positions (not ordinary), mobility and adaptability (characteristic for nomad cultures), high value of education. The analysis shows the resources of the productive use of these socio-cultural features.

Capitale sociale e salute

2012 ◽  
pp. 135-154
Author(s):  
Luigi Tronca
Keyword(s):  
Social Capital ◽  
Health Outcomes ◽  
Detailed Analysis ◽  
Health Research ◽  
Perceived Health ◽  
Operational Definition ◽  
Causal Processes ◽  
The Family ◽  
Definition Of ◽  
Consumption Strategies

This paper provides a sociological overview of the concept of social capital and explores how it is related to the notion of health. The theoretical section of the study addresses the issue of an operational definition of social capital and conducts detailed analysis of the dimensions and forms of the concept that stand out in terms of importance in the field of health research. It also takes into consideration the most significant causal mechanisms identified between social capital and health outcomes. The empirical part of the paper features analysis of data on the connection between social capital and self-perceived health, collected during the first survey conducted in Italy by the Osservatorio sulle Strategie di Consumo delle Famiglie (Observatory on Consumption Strategies in the Family). The survey shows that community social capital, generally expressed in terms of family trust, may, depending on the subject's social milieu of origin, not play any role in determining the level of self-perceived health in Italy. Alternatively, it may play either of two roles, acting as a multiplier or a substitute with regard to positive causal processes determined by parameters of a socio-demographic nature.

COMPETITIVE STRATEGIES FOR INNOVATION AND INVESTMENT DEVELOPMENT OF AGRICULTURAL PRODUCTION ENTITIES

2019 ◽  
Vol 4 (4) ◽  
pp. 411-418
Author(s):  
Anna Orel
Keyword(s):  
Agricultural Production ◽  
Competitive Advantages ◽  
Competitive Strategies ◽  
Agricultural Producers ◽  
The Sustainable Development ◽  
Five Elements ◽  
Definition Of ◽  
Sustainable Competitive Advantages ◽  
Innovative Orientation

Introduction. Ensuring the sustainable development of domestic agricultural producers involves achieving and maintaining a sufficient level of economic efficiency and competitiveness for the implementation of expanded reproduction. This, first of all, implies the formation of an appropriate level of competitiveness through the creation of sustainable competitive advantages of products and manufacturers. This process is impossible without attracting investment resources and introducing innovations in order to create competitive advantages, strengthen market positions and increase the level of concentration of productive capital. The latter necessitates a comprehensive strategic planning, which would be based on the innovative orientation of investment activities. The purpose of the article is to form theoretical and methodological and applied principles of competitive strategies formation of innovation and investment development of agricultural production entities. Method (methodology). Methods of comparison, analysis, theoretical and logical generalization are applied in the course of research. The dialectical method of research became the methodological basis. Results. The author’s vision of the definition of “competitive strategy” is offered in the article. The classification of competitive strategies is developed. A model of a strategic rhombus is proposed as a theoretical basis for determining areas for improving the mechanisms of managing the competitiveness of agribusiness entities, which includes five elements: arena; conductor; differentiators; sequence; economic logic. The proposals of applied character concerning realization of competitive strategies of innovative-investment development of subjects of agricultural production are substantiated. Key words: competitive strategies, subjects of agricultural production; innovation and investment development; competitiveness management.

scholarly journals THE EFFECT OF dl-METHIONINE, l-CYSTINE, AND dl-ISOLEUCINE ON THE UTILIZATION OF PARENTERALLY ADMINISTERED DOG HEMOGLOBIN

1947 ◽  
Vol 85 (1) ◽  
pp. 55-64 ◽  
Author(s):  
Leon L. Miller ◽  
Eric L. Alling
Keyword(s):  
Amino Acid ◽  
Developmental Stages ◽  
Peripheral Circulation ◽  
Amino Acid Mixture ◽  
Acid Mixture ◽  
Absorption Bands ◽  
Suggested Approach ◽  
Dog Plasma ◽  
Veronal Buffer ◽  
Definition Of

1. Further observations on the utilization of parenterally administered dog hemoglobin show that oral supplements of dl-methionine and l-cystine improve the efficiency of utilization of hemoglobin N, while a fed supplement of dl-isoleucine alone is without effect. 2. When N-isoleucine is added to a fed supplement of methionine or methionine and cystine, the utilization of parenterally given hemoglobin N is even better than with the sulfur-containing amino acids alone. 3. A suggested approach to the problem of designing the quantitatively "ideal" amino acid mixture lies in the definition of what may be called total organism-amino acid patterns of rat, dog, man, etc. These may vary considerably not only at different developmental stages in a given species, but also certainly from one species to another. 4. Further attempts to detect globin in the peripheral circulation have pointed to the need for a highly specific procedure such as that an immunologic method may offer. 5. Reduced hemin in dog plasma migrates with α1-globulin and albumin in veronal buffer at pH 8.5 and the colored zones give strong hemochromogen absorption bands.

scholarly journals Fictions and frictions: Promises, transaction costs and the innovation of network technologies

2019 ◽  
Vol 49 (2) ◽  
pp. 264-277 ◽  
Author(s):  
Udo Pesch ◽  
Georgy Ishmaev
Keyword(s):  
Economic Theory ◽  
Transaction Costs ◽  
Cyclical Pattern ◽  
Critical Scrutiny ◽  
Network Technologies

New network technologies are framed as eliminating ‘transaction costs’, a notion first developed in economic theory that now drives the design of market systems. However, the actual promise of the elimination of transaction costs seems unfeasible, because of a cyclical pattern in which network technologies that make that promise create processes of institutionalization that create new forms transaction costs. Nonetheless, the promises legitimize the exemption of innovations of network technologies from critical scrutiny.

Cooperative Networks in the Italian Economy

2010 ◽  
Vol 11 (1) ◽  
pp. 98-127 ◽  
Author(s):  
Tito Menzani ◽  
Vera Zamagni
Keyword(s):  
Economic Theory ◽  
Cooperative Networks ◽  
Business Networks ◽  
Competitive Advantages ◽  
Italian Economy ◽  
Vast Literature ◽  
Cooperative Enterprises ◽  
The Creation

This paper analyzes cooperative enterprises' networks in the Italian economy, in accordance with recent economic theory, to throw light on the causes of their success of in the last 30 years. We reference the vast literature about business networks to identify some interpretative lines that can be transferred to the cooperative world. On this basis, a typology of the Italian cooperative networks is offered, in order to evaluate the competitive advantages of each type of net, their governance methods, their evolution, and their impact on the recent flourishing of Italian cooperatives. Our conclusion is that the use of networks by co-ops has been very intensive and can still be strengthened, if Italian co-op umbrella organizations will merge. Building large cooperative corporations was often the result of networking, as was the creation of joint stock companies owned by cooperatives.

scholarly journals How should we model property? Thinking with my critics

2017 ◽  
Vol 13 (4) ◽  
pp. 815-827 ◽  
Author(s):  
BENITO ARRUÑADA
Keyword(s):  
Property Rights ◽  
Transaction Costs ◽  
Main Argument ◽  
Model Property ◽  
Private Ordering ◽  
Single Exchange ◽  
Private And Public ◽  
Definition Of ◽  
Physical Dimensions

AbstractInspired by comments made by Allen (2017), Lueck (2017), Ménard (2017) and Smith (2017), this response clarifies and deepens the analysis in Arruñada (2017a). Its main argument is that to deal with the complexity of property we must abstract secondary elements, such as the physical dimensions of some types of assets, and focus on the interaction between transactions. This sequential-exchange framework captures the main problem of property in the current environment of impersonal markets. It also provides criteria to compare private and public ordering, as well as to organize public solutions that enable new forms of private ordering. The analysis applies the lessons in Coase (1960) to property by not only comparing realities but also maintaining his separate definition of property rights and transaction costs. However, it replaces his contractual, single-exchange, framework for one in which contracts interact, causing exchange externalities.

Sign in / Sign up

Export Citation Format

Share Document