When Too Much Is Too Little: Evaluating the Italian Startup Act

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Public Policies ◽  
Developed Countries ◽  
Local Context ◽  
The Real ◽  
Start Up ◽  
Start Ups ◽  
Economic Goal

Public policies aimed at incentivizing the birth and growth of start-up ecosystems in developed countries have so far produced mixed results, and the vast majority have resulted in wasting taxpayers’ money. This failure is the result of mechanically importing policies that have worked in other countries without understanding (1) the real economic goal of start-up policies and (2) how to adopt strategies that have worked elsewhere to the local context. Countries should promote start-ups not because they are a “nice to have” but because, if done right, start-ups can boost the innovation content of an economy and spur economic growth. Governments indeed have a role to play but must target innovation, or they are wasteful. Applying this framework to the Italian 2012 Startup Act, the author finds the effort has not yet produced good results and propose some solutions.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

Co-integration Between Globalisation and Economic Growth

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Cândida Ferreira
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
The Real ◽  
The World Bank ◽  
Time Period ◽  
The World ◽  
Economic Institute ◽  
Almost All ◽  
World Development ◽  
Economic Globalisation

<span class="fontstyle0">This paper analyses the co-integration relationship between globalisation and economic<br />growth of 27 more or less developed countries across almost all Continents for the time period<br />1970–2013. Globalisation is </span><span class="fontstyle2">proxied </span><span class="fontstyle0">by the overall globalisation index and the sub-indices<br />representing economic globalisation, social globalisation and political globalisation, all<br />provided by the Swiss Economic Institute. Economic growth is measured through the natural<br />logarithm of the real Gross Domestic Product, sourced from the World Development<br />Indicators which are provided by the World Bank. Co-integration is tested with quantile cointegration regressions. The results obtained clearly confirm the existence of non-linear cointegration relationships between the considered globalisation indices and the real economic<br />growth.</span>

Capital Markets Union

2018 ◽  
Author(s):  
Erik PM Vermeulen
Keyword(s):  
Economic Growth ◽  
Capital Markets ◽  
Lower Cost ◽  
Access To Finance ◽  
Start Up ◽  
Capital Markets Union ◽  
Successful Innovation ◽  
Start Ups ◽  
The Eu

The Capital Markets Union (CMU) aims to strengthen capital markets and investments in the EU. The rationale behind such a union is that it is necessary to provide businesses, particularly start-up companies, with a greater choice of funding at lower cost. More generally, it is assumed that, in the long-term, greater choice increases access to finance and fosters economic growth. This chapter argues that although the CMU may be a necessary step, it has to be situated in a much broader discussion about how to create successful innovation ecosystems. Such an approach highlights the sector-specific needs of start-ups (and scale-ups) and the importance of mobilizing other players, particularly established corporations.

scholarly journals Stimulation of University Technological Entrepreneurship: Experience of Portugal and Estonia

2021 ◽  
Vol 7 (4) ◽  
pp. 243-254
Author(s):  
F. А. Kurakov
Keyword(s):  
Low Cost ◽  
Developed Countries ◽  
Living Environment ◽  
Cultural Economic ◽  
Residency Programs ◽  
Brics Countries ◽  
Start Up ◽  
Technological Entrepreneurship ◽  
Taxation System ◽  
Start Ups

An analysis of foreign experience convincingly shows that the level of science intensity of national products is directly related to the country’s position in international rankings of the productivity of university ecosystems. With a share of 0.4% in the global number of start-ups, Russia is inferior not only to developed countries but also to the BRICS countries. As of 2020, only 37 start-ups per million population are being created in the Russian Federation, while Switzerland has 1791. At the same time, in the jurisdiction of Russia, out of the total number founded in 2010–2019 start-ups remained no more than 36%. The strategies allow universities to create successful technological innovation ecosystems in the cultural, economic, and socio-political environment, which cannot be characterized as favorable for academic entrepreneurship. The analysis of factors stimulating the development of start-up ecosystems in Estonia and Portugal, including simplified residency programs for founders of foreign start-ups; ease of registration, business and taxation system; presence in the country of representative offices of large international companies and the creation of technological hubs for them, a developed system of national incubators and accelerators, including those financed by the state; safety, low cost of housing and living and comfortable living environment.

Co-integration Between Globalisation and Economic Growth

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Cândida Ferreira
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
The Real ◽  
The World Bank ◽  
Time Period ◽  
The World ◽  
Economic Institute ◽  
Almost All ◽  
World Development ◽  
Economic Globalisation

<span class="fontstyle0">This paper analyses the co-integration relationship between globalisation and economic<br />growth of 27 more or less developed countries across almost all Continents for the time period<br />1970–2013. Globalisation is </span><span class="fontstyle2">proxied </span><span class="fontstyle0">by the overall globalisation index and the sub-indices<br />representing economic globalisation, social globalisation and political globalisation, all<br />provided by the Swiss Economic Institute. Economic growth is measured through the natural<br />logarithm of the real Gross Domestic Product, sourced from the World Development<br />Indicators which are provided by the World Bank. Co-integration is tested with quantile cointegration regressions. The results obtained clearly confirm the existence of non-linear cointegration relationships between the considered globalisation indices and the real economic<br />growth.</span>

scholarly journals Cluster Typology of Business Models of Start-Ups. (Example of Slovakia)

2020 ◽  
Vol 10 (3) ◽  
pp. 54
Author(s):  
Štefan Slávik ◽  
Richard Bednár ◽  
Ivana Mišúnová Hudáková ◽  
Katarína Moravčíková
Keyword(s):  
Business Model ◽  
Product Differentiation ◽  
Business Models ◽  
Small Range ◽  
Price Ratio ◽  
The Real ◽  
Scarce Resources ◽  
Start Up ◽  
The Common ◽  
Start Ups

Start-up is an emerging micro-enterprise that has different characteristics to a larger and mature enterprise. Its viability depends mainly on a functioning business model. The purpose of the research study is to identify the basic types of business model regardless of the specific industry, and thus to penetrate deeper into the more general cognition of start-up business making. The research sample contains 106 start-ups, the business models of which are described using fourteen criteria, which are derived from the visualization of canvas. The research sample is divided by cluster analysis (Ward’s hierarchical agglomeration method) into nine clusters, hence types of business models. For a better understanding, the clusters were aggregated into four groups with similar business models. Grouping A is characterized by the model with a small range of processes, mostly with higher product differentiation, scarce resources and satisfying the common basic and higher needs. Grouping B is characterized by the model with a large range of processes and higher product differentiation and satisfying the common basic and higher needs or newer practical needs. Start-ups in grouping C have the model with considerable differentiation aimed at satisfying the common needs. Grouping D has the model based on cultivating relationships with customers, cheap satisfying of needs and use of ordinary resources. The models differ the most in the span of operational processes, segmentation and distribution, and differ the least in the relationships between customers, the cost–price ratio and protection against imitation. The practical use of the identified clusters lies in the fact that they are a reflection of the real behaviour of start-ups, they determine the real parameters of business models, and therefore they provide the founders of start-ups with verified patterns, the outlines of which are probably not definitive.

Entrepreneurial Universities for the UK: A ‘Stanford University’ at Bamburgh Castle?

2010 ◽  
Vol 24 (4) ◽  
pp. 251-256 ◽  
Author(s):  
Henry Etzkowitz
Keyword(s):  
Economic Growth ◽  
Foreign Language ◽  
Half Time ◽  
Entrepreneurial Universities ◽  
Education Spending ◽  
Knowledge Based ◽  
Start Up ◽  
The Uk ◽  
Uk Higher Education ◽  
Start Ups

It is suggested that the value of projected cuts in UK higher education spending should be redirected to fund start-up entrepreneurial universities as part of a strategy for knowledge-based economic growth. Two specific elements of academic entrepreneurial redesign are outlined: the Professor of Practice, linking university and industry through half-time roles in each, and the Novum Trivium tripartite undergraduate degree, including a speciality subject, entrepreneurship education and a foreign language. A far-reaching response to resolve the economic crisis by hastening the foundation of university start-ups and their development into new clusters is envisioned.

scholarly journals START-UPS – AN ELEMENT FOR ECONOMIC GROWTH AND INNOVATIVENESS

2018 ◽  
Vol 1 (10) ◽  
pp. 159
Author(s):  
Aija Vonoga
Keyword(s):  
Economic Growth ◽  
Scientific Literature ◽  
Regional Level ◽  
Main Aspect ◽  
Development Trends ◽  
Daily Work ◽  
The Public ◽  
Start Up ◽  
Start Ups ◽  
A Company

The theme of this paper is ,,Start-ups – an Element for Economic Growth and Innovativeness”. Start-ups are innovation of entrepreneurship and a lot of press, scientific literature have articles on this term.  In the paper, the author reviews available definitions for the concept of  ,,start-up’’ in the literature. The aim of the research is the identification of main aspects of term ,,start-up”  and determination, analysis of the term in accordance with the requirements of the modern entrepreneurship and its development trends. Tasks of the paper: to find out the term meaning and main aspects of the term ,,start-up”; to analyze the ,,start-up”  impact on entrepreneurship; to develop  conclusions and suggestions. The key results: the author concludes that the start-up is a company designed to scale very quickly, the main aspect of start-up is its ability to grow, focused on solving a problem, where the solution is not obvious and success is not guaranteed. In articles and papers on start-ups each author suggests an interpretation of the concept according to his/her view. The author suggests the start-up companies to create presentations, organize seminars at the regional level, to introduce the public, stakeholders with the main issues in daily work, in order to help new founders to develop the companies.

scholarly journals Impact of startups on indian economic growth theme emerging trends in technopreneurship

2019 ◽  
Vol 9 (3) ◽  
pp. 168-175
Author(s):  
ANANDHI A ◽  
GOWRI P
Keyword(s):  
Economic Growth ◽  
Science And Technology ◽  
Global Market ◽  
The Real ◽  
Indian Economy ◽  
Full Support ◽  
High Profit ◽  
Talented People ◽  
Emerging Trends ◽  
Start Up

Start-up is the magnetic tool of the Indian entrepreneurs to take the high profit portion of the business. This helps to give start-up of an Indian economic growth. In this correct time the technoprenure are playing a role to rule the ‘’GLOBAL MARKET’’ with the support of science and technology. There are very interested to satisfy the customer needs based on technology. This type of talents is help theme to rule the global market. ‘’INDIA’’ is going on the correct vision to achieve the top most in the ‘’GLOBAL MARKET’’ with the use of guiding the youngster to know the real profit earning place and there are giving a training to the talented people to achieve the star-up in Indian economy. Our governments are full support for start-up with their rules and schemes.

scholarly journals The AmbuPod Project: Learnings of a Government-Certified, Telemedicine-Enabled, Rural Healthcare Startup in India

2021 ◽  
Author(s):  
Lavanian Dorairaj
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Support System ◽  
Present Status ◽  
Wealth Creation ◽  
Rural Healthcare ◽  
The Past ◽  
Start Up ◽  
The Government ◽  
Start Ups

The Government of India (GoI), during the past 8 years, has been encouraging and supporting start-ups with various schemes, for the purpose of wealth creation, improving economic growth, and employment. There is also a growing support system in India, in the private sector, for funding, mentorship, and techno-commercial support for telemedicine-enabled start-up projects. In practice however, there are many critical decisions that need to be taken and pitfalls to be avoided, for start-ups to achieve success, as envisaged by the GoI. Objective: This paper shares the challenges encountered so as to help upcoming healthcare start-up’s navigate this route skilfully, avoiding pitfalls. Results: The results of 4 years of work (Jan 2016 to Mar 2020) and the present status are discussed and the learnings drawn from the AmbuPod Project (on-going) summarized. Conclusion: Telemedicine supported Rural Healthcare Start-Up projects have a good business potential in India, provided challenges are planned for, addressed, and resolved.

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