scholarly journals Economic effects of creditors' rights protection

2021 ◽  
Vol 60 (91) ◽  
pp. 141-159
Author(s):  
Ahmedin Lekpek
Keyword(s):  
Positive Impact ◽  
Legal Protection ◽  
Economic Effects ◽  
Negative Effects ◽  
Rights Protection ◽  
Financial Position ◽  
Long Run ◽  
Credit Demand ◽  
The Stability ◽  
High Level

The willingness of creditors to satisfy the credit demand of the population and the economy under mutually acceptable conditions directly depends on the degree of legal protection enjoyed by creditors. In this paper, we deal with the protection of creditors' rights and the instruments used for this purpose. The aim of this paper is to consider the economic effects arising as a result of the application of instruments of creditors' rights protection, which affect not only the financial position of creditors and debtors but also the stability and efficiency of the financial and economic system as a whole. The research results show that the existence of an adequate level of protection of creditors' rights has a strong positive impact on the size and activity of the credit market. On the other hand, the application of various instruments of creditors' rights protection can cause both positive and negative effects on the creditors position. Yet, an excessively high level of creditors' protection can significantly worsen the position of debtors and, consequently, aggravate the position of creditors in the long run.

The Recessive Outcomes of Emu Policies: Analysis of the Italian Experience, 1998-2008

2012 ◽  
pp. 89-111
Author(s):  
Rita Canale Rosaria ◽  
Napolitano Oreste
Keyword(s):  
Monetary Policy ◽  
Public Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
National Income ◽  
Negative Effects ◽  
Italian Experience ◽  
Long Run ◽  
High Level ◽  
Fiscal And Monetary Policy

The EMU assigns a marginal role to economic policy and relies on the idea that, if prices are kept constant, there will be an automatic convergence towards long-run equilibrium income. These beliefs represent the theoretical underpinnings of fiscal and monetary policy strategies in Europe. In order to highlight the weakness of these foundations, this paper evaluates empirically the effects of public expenditure and interest rate setting on equilibrium income in Italy from 1998 to 2008. Our analysis supports the conclusions that government spending has a positive impact on national income while monetary policy strategy has a negative impact. Moreover, the high level of debt does not produce negative effects on GDP. Finally, at a time of financial crisis, these results are reinforced for fiscal policy, but weakened for monetary policy. The paper finally states that the EMU's rigid rules for both fiscal and monetary policy have recessive outcomes.

scholarly journals A Diagnostic Test for the ‘Dutch Disease’ in the U.S.A using the ARDL Bounds Testing Technique

2019 ◽  
Vol 11 (1) ◽  
pp. 32 ◽  
Author(s):  
Kwame Asiam Addey
Keyword(s):  
Agricultural Sector ◽  
Positive Impact ◽  
Manufacturing Sector ◽  
Impulse Response Function ◽  
Dutch Disease ◽  
Bounds Testing ◽  
Negative Effects ◽  
Oil Boom ◽  
Long Run ◽  
The Impact

This study examines the impact of the most recent oil boom on North Dakota’s agricultural sector. I employ the autoregressive distributive lag (ARDL) model to examine short and long run relationships among four labor competing sectors. The model produces an optimal lag order of ARDL (6,6,6,5). Results reveal an 80% speed of adjustment coefficient. This implies that about 80% of any disequilibrium caused by a shock to the economy can be corrected within a quarter of a year. The oil sector has a negative and positive impact on the agricultural and construction sectors respectively but no significant impact on the manufacturing sector. The impulse response function (IRF) from an orthogonalized structural vector autoregression (SVAR) matrix system revealed no deviation from the boom period equilibrium agricultural GDP. Structural spending policies are recommended to curb the negative effects of another oil boom on labor competing sectors. The introduction of an agricultural wage transfer tax will also be helpful in the event of another oil boom.

scholarly journals Prix du pétrole et degré de stabilité de l’OPEP

2009 ◽  
Vol 52 (3) ◽  
pp. 311-323 ◽  
Author(s):  
Antoine Ayoub
Keyword(s):  
Renewable Resource ◽  
Production Plan ◽  
Long Run ◽  
Common Strategy ◽  
The Common ◽  
Petroleum Sector ◽  
The Stability ◽  
The One ◽  
High Level

Abstract The stability of OPEC may be defined as the upholding of a high level of cohesion between the members of this organisation, in order to secure for the whole a certain level of bargaining power that everyone would think to be acceptable at a given time and in a given context. This level of cohesion is mainly estimated by the common will of members to apply rigorously a common strategy regarding the price-quantity of crude petroleum. In the long run, such a strategy would call for a common production plan in order to determine not only the total level of annual production, but also the quotas of each country, the price level and the rate of development of the capacity of production. The aim of this paper is to contribute to the bringing out of a problematic regarding such a production plan as a whole. The main topics are: (1) the necessity of OPEC, (2) the price determination of petroleum, (3) the question of the instability of a coalition. The analysis accounts for the fact that the petroleum sector produces a non-renewable resource, on the one hand, and for the environment and international constraints that the member countries of OPEC have to face in their development process, on the other hand.

The Local Economic Effects of Public Housing in the United States, 1940–1970

2013 ◽  
Vol 73 (4) ◽  
pp. 978-1016 ◽  
Author(s):  
Katharine L. Shester
Keyword(s):  
Public Housing ◽  
Low Income ◽  
Family Income ◽  
The United States ◽  
Economic Effects ◽  
Negative Effects ◽  
Long Run ◽  
Level Data ◽  
The 1960S ◽  
Lower Population

Between 1933 and 1973 the federal government funded the construction of over 1 million units of low-rent housing. Using county-level data, I find that communities with high densities of public housing had lower median family income, lower median property values, lower population density, and a higher percentage of families with low income in 1970. However, I find no negative effects of public housing in 1950 or 1960, implying that long-run negative effects only became apparent in the 1960s. The effects found in 1970 are partially due to a decline in human capital.

Beschäftigungswirkungen von Auslandsinvestitionen: das Beispiel Japan

1999 ◽  
Vol 48 (1) ◽  
Author(s):  
Jochen Legewie
Keyword(s):  
Structural Changes ◽  
International Standards ◽  
Negative Effects ◽  
Domestic Production ◽  
Positive Effects ◽  
Long Run ◽  
Japanese Industry ◽  
Overseas Investment ◽  
Japanese Fdi ◽  
High Level

AbstractThis article offers an analysis of the domestic employment effects of foreign direct investment (FDI) for Japan between 1991 and 1996. After reviewing the current discussion in and outside Japan, the direct effects of Japanese overseas investment on trade, domestic production and employment are presented and discussed, based on detailed data provided by the MITI. The results show that Japanese FDI had strong positive effects on domestic production and employment by stimulating exports of capital goods nearly equaling negative effects by export displacement and rising imports. Taking into account indirect effects as well as the fact that most FDI does not really substitute exports but takes place only as an outcome of import barriers and a regional shift of location advantages, it is argued that Japanese FDI had a clear positive overall effect on domestic employment so far. The low degree of production abroad by international standards even implies a special need for the Japanese industry to further accelerate the shift of production activities abroad to accelerate structural changes at home that ensure a high level of employment and wages in the long run.

scholarly journals Fragility of State in Central African Republic: An Econometric Approach to Efficiency Understanding

2018 ◽  
Vol 21 (3) ◽  
pp. 681-697
Author(s):  
Yapatake Kossele Thales Pacific
Keyword(s):  
Central African Republic ◽  
Negative Impact ◽  
Positive Impact ◽  
The State ◽  
Policy Implications ◽  
Long Run ◽  
Short Run ◽  
High Level ◽  
The Impact ◽  
Control Of Corruption

A fragile state contributes to the underdevelopment of the nation and its consequences can be very devastating on the state’s cohesion, characterized by a high level of corruption which led the country to an incessant political instability and the continuous presence of foreign troops. 1 This article used the vector autoregresssion (VAR) model covering the period of 2005–2015 to examine the impact of control of corruption on the fragility of the state in the Central African Republic (CAR). The results show that control of corruption is significant and has a negative impact on the fragility of the state in the short run. The impulse response shows a negative impact of control of corruption in the short run but a positive impact in the long run on the fragility of the state. The policy implications of this fragility are that the CAR must pursue better governance as well as in the investment choices. Unless the CAR leaders and citizens recognize their own fragility, things can only get worse.

Ethnic inclusion and economic growth

2011 ◽  
Vol 17 (2) ◽  
pp. 243-260 ◽  
Author(s):  
Jóhanna Kristín Birnir ◽  
David M. Waguespack
Keyword(s):  
Economic Growth ◽  
Ethnic Groups ◽  
Policy Process ◽  
Positive Impact ◽  
Social Diversity ◽  
Negative Effects ◽  
Long Run ◽  
Salient Factor ◽  
Political Decision Making

Is ethnic social diversity relevant to cross-national variation in economic development, or is the inclusion or exclusion of said groups in political decision-making the more salient factor? We argue that deleterious policy effects resulting in diminished economic growth are caused by exclusion of mobilized ethnic groups from the policy process and not just ethnic social diversity per se. Conversely, a positive impact of ethnicity as more groups are included in the policy process with increasing access to cabinet is due, first, to the fact that a population finding its preferences represented in the policy process likely supports implementation of resultant policy. Second, the policy quality likely improves with greater variety in input. Third, a greater number of included ethnic groups in cabinet increases the number of ethnic partisan veto players in the policy process — thereby generating increased policy stability in the long term. We test this idea first on long-run growth in democracy and, second, on annual indicators of growth. We find that increasing ethnic social fragmentation still negatively impacts on the economy. However, cabinet diversity offsets some of these negative effects as it improves growth of GDP per capita.

scholarly journals Economic effect of corona pandemic on Saudi pro league football tournament (Applied in Saudi Pro League

2021 ◽  
Vol 6 (1) ◽  
pp. 84-91
Author(s):  
Yousef AlThobaiti
Keyword(s):  
Natural Disasters ◽  
Positive Impact ◽  
Economic Effect ◽  
Economic Effects ◽  
Negative Effects ◽  
Sports Administration ◽  
Sports Clubs ◽  
Precautionary Measures ◽  
Online Management

The study aims to identify economic effects of Corona pandemic on Saudi football represented in SPL sector, and precautionary measures to reduce these effects on Saudi football. the researcher used the descriptive approach (survey studies), and the study sample was (75) academics specialists in sports administration and experts in the field of sports economics, and officials in the different sectors of SPL. There are negative effects of the Corona pandemic on the Saudi football sector, but also it has a positive impact that is to try to activate online management and virtual training, while the negative economic effects on players, administrators, clubs and the professional league’s revenues increase as the time of the pandemic continues. The Saudi footballer should have a plan to work online in case of natural disasters, and put a term in the contracts in the sports field In case of natural disasters that lead to the cancellation of a sporting event before its establishment, its postponement or non-completion, the method of termination of the contract shall be determined according to each case, with the activation of the role of online training in the association and sports clubs, and the activation of the role of electronic services.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

CRIMINOLOGICAL FEATURES OF CORRUPTION-RELATED CRIMES IN THE FUEL AND ENERGY COMPLEX

2020 ◽  
pp. 23-27
Author(s):  
Сергей Иванович Вележев ◽  
Антон Михайлович Седогин
Keyword(s):  
Legal Protection ◽  
Criminal Activity ◽  
Criminal Cases ◽  
Law Enforcement Agencies ◽  
Energy Complex ◽  
Significant Damage ◽  
Study Results ◽  
Wide Range ◽  
Illegal Activities ◽  
High Level

В представленной статье авторами рассматриваются вопросы уголовно-правовой охраны топливно-энергетического комплекса Российской Федерации от преступных проявлений, в том числе от коррупционной противоправной деятельности должностных лиц. Такие действия причиняют значительный ущерб нормальному функционированию предприятий топливно-энергетического комплекса. Авторами приводятся результаты исследования некоторых криминологических характеристик должностных лиц, совершивших преступления коррупционного характера. Дан анализ причин и условий, способствующих совершению вышеуказанных противоправных действий. Определена типовая модель преступника для данной категории преступлений и его характеристики: в первую очередь, это высокий уровень компетентности, специальное образование и т. д. Авторами отмечается высокий уровень латентной преступности в данной отрасли. Предложены некоторые пути профилактики данной категории правонарушений. Исследование проводилось на основе анализа конкретных уголовных дел, возбужденных следственными органами по результатам оперативно-розыскной деятельности правоохранительных органов. In the article the authors consider the issues of criminal and legal protection of the fuel and energy complex of the Russian Federation from criminal activity including corrupt illegal practices of officials. The authors cite the results of some criminological characteristics study of the fuel and energy complex staff committed corruption crimes. As a result of these illegal actions significant damage is caused to the normal functioning of the fuel and energy enterprises. Such officials` actions determine not only a wide range of other illegal activities, but also lead to public outcry and discredit the industry as a whole. The analysis of the reasons and conditions contributing to the above illegal actions commission is given. A typical model of a criminal for a given crime category and its characteristics are determined. First of all it is a high level competence, special education, etc. A high level of latent crime in this industry is shown. The study results are presented on the example of specific criminal cases initiated by the investigating authorities based on the results of the operation detection activities of law enforcement agencies. Some ways of preventing this category of offenses are proposed.

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