THE STACKELBERG MODEL AND THE PROBLEMS OF FORMING A MECHANISM FOR STIMULATING PRIVATE INVESTMENT IN THE RESOURCE REGION

Author(s):  
S.M. Lavlinsky
2019 ◽  
pp. 134-157 ◽  
Author(s):  
G. A. Borshchevskiy

The article examines the institutional process in a regional economy connected with the infrastructure development. We use the neoinstitutional approach to study factors that influence the behavior of government and business in their interaction in the economy. We also use statistical methods to analyze the dynamics of socio-economic development indicators of the subjects of the Russian Federation as well as the results of measures to attract private investment into infrastructure, including the PPP. We chose the city of Moscow and the Yamalo-Nenets Autonomous District as two empirical case studies which differ in economic and geographic conditions, but both demonstrate success in attracting private investment and implementing infrastructure projects. Our conclusions are consistent with a theory that asserts the primacy of institutional environment in relation to project implementation. We make also some practical recommendations for the development of the institutional environment which are acceptable for all regions solving similar problems of infrastructure development.


2015 ◽  
pp. 25-41
Author(s):  
Anh Tu Thuy ◽  
Ngoc Le Minh

This paper makes use of two trade indicators, Revealed Comparative Advantage (RCA) and Regional Orientation (RO), to evaluate the economic impacts of the ASEAN Free Trade Area (The) and the Regional Comprehensive Economic Partnership (RCEP) on Vietnamese commodities at the Harmonized System (HS) 2-digit level. Several sectors in which Vietnam has revealed a comparative advantage, has benefited from the AFTA, and would continue to enjoy trade creation from the RCEP, are: Cereals (10), Salt, sulphur, earth, stone, plaster, lime and cement (25), Rubber (40), Knitted or crocheted fabric (60), etc. More importantly, the result provides a list of commodities in which Vietnam has a comparative advantage and only experiences trade creation when participating in the RCEP. These are: Milling products, malt, starches, inulin, wheat gluten (11), Vegetable plaiting materials, vegetable products not elsewhere specified (14), Wood and articles of wood, wood charcoal (44), etc. Findings also show commodities in which Vietnam has a comparative advantage; but are not well positioned in the RCEP market yet, e.g. Cereal, flour, starch, milk preparations and products (19) and Manmade staple fibres (55). If sufficient investment decisions and marketing strategies are applied to these commodities, they will well penetrate the RCEP market and bring trade creation and welfare improvement to Vietnam. Public and private investment should consider the above-mentioned commodities as targets to leapfrog the benefits of RCEP.


1995 ◽  
Author(s):  
Frederick Z. Jaspersen ◽  
Anthony H. Aylward ◽  
Mariusz A. Sumlinski

1975 ◽  
Vol 14 (2) ◽  
pp. 245-248
Author(s):  
A. R. Kemal

In the Winter 1974 issue of the Pakistan Development Review, Messrs: Azhar and Sharif have published an article entitled "The Effects of Tax Holiday on Invest¬ment Decisions: An Empirical Analysis." It was an interesting article in a very useful area of research. Apart from other subsidies, tax holidays are granted to encourage investment generally, but in certain areas particularly. Thus a study -on tax holiday is important from the policy point of view as it helps decide whether to reintroduce the tax holiday policy which was abolished in 1972. Unfortunately, there are some conceptual and methodological problems in the study so that the results presented by Azhar and Sharif are rather suspect. However, before taking up these problems, let it be pointed out that the conclusions drawn by Azhar and Sharif regarding ineffectiveness of the tax holiday policy in encouraging private investment is not quite correct. Their study showed that 20 percent of firms would not have invested if they had not been granted tax holidays. A policy which en¬courages investment by 20 percent cannot be called ineffective. Before drawing any such conclusions, one is advised to look at the relative effectivenesses of different investment-promoting policies.


2018 ◽  
pp. 25-38
Author(s):  
Liudmila Kalinichenko

The article analyses the role of renewable energy in the process of the development of the energy market of the East African Community (EAC) . The author underlines the necessity of finding solutions for such challenges as rising wood and charcoal prices, deforestation, lack of affordable and reliable electricity for a large number of consumers. The study reveals that nowadays the percentage of people with access to modern sources of energy is very low, varying from 7 % in Burundi to 36% in Kenya, although the EAC countries made significant progress in 2000s. Most people in rural areas rely on traditional biomass for cooking and heating, which leads to ecological and health problems. The author concludes that renewable energy development is considered by the Community as one of the prospective ways for providing energy to remote regions in view of abundant solar, wind and geothermal resources. Their strategy aims at the construction of micro and mini hydro stations, stand-alone solar PV systems and off-grids for rural population usage. The study shows that the investment in off-grid renewables has been steadily rising in recent times . Analyzing grid-connected power generation electricity, the author elicits that it is also based on renewable electricity, which accounts for 65% of the total amount. Kenya, with the highest installed capacity in this sector, is investing mainly in geothermal, solar and wind sources of energy, while the others are focusing on hydropower and solar. For the purpose of attracting private investment, the EAC partner states adopted different regulations, including Feed-in Tariff, zero-VAT and GET FIT Programme. The author assumes that renewable energy financing is one of the main challenges despite the support of different international financial institutions, such as the World Bank, UNIDO, AfDB and others. Nowadays energy efficiency measures are becoming important instruments for the EAC countries resulted in power savings. The other important trend is increasing cooperation among them due to their grid-connected power systems in the East African Power Pool. In this context, in November 2017, the EAC Partner States adopted Energy Security Policy Framework, in order to ensure the sustainable development of their energy sector.


2017 ◽  
Vol 26 (1) ◽  
pp. 561-571
Author(s):  
Jin-Gi Kim ◽  
Kyoung-Hoi Jung ◽  
Kwang-Kil Yu

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