scholarly journals WHETHER GLOBALIZATION IN FORM OF FDI ENHANCES NATIONAL WEALTH: EMPIRICAL EVIDENCE FROM LITHUANIA

2010 ◽  
Vol 11 (1) ◽  
pp. 5-19 ◽  
Author(s):  
Manuela Tvaronavičienė ◽  
Kristina Kalašinskaitė
Keyword(s):  
Foreign Capital ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Theoretical Framework ◽  
Benefit Analysis ◽  
Medium Term ◽  
National Wealth ◽  
Manufacturing Sectors ◽  
Benefit Estimation ◽  
Fdi Effects

Presented paper aims to suggest theoretical framework, application of which would allow indicating if foreign direct investment (FDI) facilitates or hinders economic development of host country economy. Central ideas elaborated in the article are as follows. The first, necessity of cost‐benefit analysis of FDI inflow is emphasized. As state policy favourable for foreign capital means costs, instrument for benefit estimation is required. Neoclassical and industrial organization theories are being employed for FDI effects evaluation purpose. Assumption about changing effect of FDI after medium‐term period of 6–7 year passes has been raised and tested. Data of Lithuanian manufacturing branch and its three main comprising manufacturing sectors for the 1996–2007 period have been employed. Results of application of elaborated theoretical framework lead to corollary about different impact of FDI on various sectors of economy and high probability of diminishing positive initial impact after medium‐term time span passes. Santrauka Straipsnyje siūlomas originalus, teoriškai pagristas modelis, skirtas nustatyti, kaip laikui begant kinta tiesioginiu užsienio investiciju (TUI) poveikis šalies šeimininkes ekonominiam vystymuisi. Autoriai, vertindami TUI poveiki, taiko sanaudu ir naudos analizes principa. Kadangi valstybes politika, palanki užsienio investicijoms, dažniausia reiškia šalies sanaudas joms pritraukti, kyla ekonominiu instrumen‐tu, reikalingu TUI ekonominiam naudingumui ivertinti, sukūrimo problema. Jai spresti pasitelkiamos neoklasikine ir industrines organizacijos teorijos. Straipsnyje iškeliama ir tikrinama prielaida, kad TUI poveikis šalies šeimininkes ekonominiam vystymuisi pakinta po TUI atejimo praejus vidutiniam, t. y. 5–6 metu, laikotarpiui. Tirti naudojami 1996–2007 m. laikotarpio Lietuvos trijupagrindiniupramones sektoriu duomenys. Sukurto modelio taikymo rezultatai leidžia atskleisti nevienoda TUI poveiki skir‐tingiems ekonomikos sektoriams bei leidžia teigti, jog pradinis teigiamas TUI poveikis vietines ekono‐mikos vystymuisi turi tendencija mažeti po investavimo praejus 5–6 metams.

Die Ökonomie der Flüchtlingskrise

2016 ◽  
Vol 57 (2) ◽  
pp. 10-14
Author(s):  
Leef Dierks
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Cost ◽  
Economic Benefits ◽  
The Political ◽  
Refugee Crisis ◽  
Benefit Analysis ◽  
Medium Term ◽  
Political Dimension ◽  
Hartz Iv

Im vergangenen Jahr kamen weit mehr als 1,1 Mio. Flüchtlinge nach Deutschland. Unstrittig ist, dass diese historisch beispielslose Zuwanderung immense volkswirtschaftliche Kosten von bis zu 55 Mrd. € im Jahre 2022 verursachen wird. Doch in dem Maße, in dem mittelfristig eine Integration der Migranten in den Arbeitsmarkt gelingt, kann mit dieser Entwicklung auch ein erheblicher volkswirtschaftlicher Nutzen einhergehen. Ungeachtet der politischen Dimension der anhaltenden Zuwanderung vermittelt dieser Beitrag eine Einschätzung der Auswirkungen auf die öffentlichen Haushalte. Als problematisch erweist sich dabei insbesondere die eingeschränkte Belastbarkeit bisher vorliegender Daten. Zudem sei darauf verwiesen, dass die sogenannte Flüchtlingskrise sich per se jeglicher Wirtschaftlichkeitsrechnung entzieht. Es handelt sich zunächst um eine humanitäre Herausforderung. Diese ist nur sehr eingeschränkt für eine Kosten-Nutzen-Analyse geeignet. In 2015, more than 1.1m refugees sought shelter in Germany. It is undisputed that this historically unprecedented immigration will incur immense costs; potentially as much €55bn in 2022. To the extent to which migrants can be successfully integrated into the labour market in the medium term, however, economic benefits could materialise. Notwithstanding the political dimension of the ongoing immigration, this contribution assesses the overall impact on public finances. The lack of reliable data proves to be challenging. Further, the refugee crisis first and foremost is a humanitarian challenge. This inevitably raises the question whether the issue is well suited for an economic cost-benefit-analysis. Keywords: zuwanderung, staatshaushalt, migration, hartz iv, fiskalische kosten

scholarly journals Childhood lead exposure in France: benefit estimation and partial cost-benefit analysis of lead hazard control

2011 ◽  
Vol 10 (1) ◽  
Author(s):  
Céline Pichery ◽  
Martine Bellanger ◽  
Denis Zmirou-Navier ◽  
Philippe Glorennec ◽  
Philippe Hartemann ◽  
...  
Keyword(s):  
Lead Exposure ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Hazard Control ◽  
Benefit Estimation

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

Hostile Takeovers and Anti-takeover Defenses in the Russian Corporate Market

2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Hostile Takeovers ◽  
Russian Market ◽  
Takeover Defenses ◽  
The Cost ◽  
European Markets

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.

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