scholarly journals Is There an Alternative to the Fiscal Compact for Conducting Fiscal Policy in the Euro Area?

Politik ◽  
2013 ◽  
Vol 16 (1) ◽  
Author(s):  
Andrew Hughes Hallet ◽  
Svend E. Hougaard Jensen
Keyword(s):  
Euro Area ◽  
Practical Implementation ◽  
Short Term ◽  
Budgetary Impact ◽  
The Public ◽  
Fiscal Compact ◽  
Set Up ◽  
Changing Demographics ◽  
New Framework

This paper o ers a critical assessment of the scal set-up in the Euro Area and considers a new framework for achieving scal discipline. e key idea is an inter-temporal assignment where national scal policies focus on long-term objectives and a common monetary policy on short-term objectives. e result is a self-stabilising set-up where the enforcement problem has largely been resolved. For practical implementation purposes, scal policy is stated in terms of a target for the public debt-to-GDP ratio. We argue that the debt target should be set in a forward-looking fashion to account for implicit liabilities, such as the discounted budgetary impact of changing demographics in addition to conventional debt measures. 

Evaluating the Financial Performance Through ‘Consumer Centric Decision’ Approach in Pharmaceutical Companies of Bangladesh: a Business Planning Perspective

2017 ◽  
Vol 9 (1) ◽  
pp. 168
Author(s):  
Md Mostafizur Rahman ◽  
Mahmud Uz Zaman
Keyword(s):  
Market Share ◽  
Swot Analysis ◽  
Financial Analysis ◽  
Pharmaceutical Companies ◽  
Short Term ◽  
The Public ◽  
Investment Choice ◽  
Good Investment ◽  
Business Analysis

Pharmaceuticals agglomerations consistently use their brand image and versatile product portfolios to consolidate their position in the financial sector, which is evident in their continuous profit making and expansion in market share. This paper explores the short-term and long-term investment attractiveness through ‘consumer centric decision’ approach in two selected pharmaceutical companies, Renata Limited and Orion Pharma Limited, of Bangladesh over the last three years’ period. This research adopts a systematic approach which primarily addresses the various concerns of investors to illustrate the decision-making process of the existing and future investors. Using primarily domestic transaction data, this study explores how the leading pharmaceuticals companies of Bangladesh effectively use the wide array of drug portfolios mix with appropriate branding techniques to increase their financial profit and market share simultaneously. Both SWOT analysis and Porters Five Forces Model explore the business analysis of Renata Limited in compare to Orion Pharma Limited that provides a conclusion regarding investors’ decision to invest in Renata Limited. Considering the financial analysis, Renata’s financial liquidity is not very satisfactory and could have been improved further if management is prudent on financial strategy settings. Findings of the business analysis indicate that Renata Limited would be a good investment choice for existing and prospective shareholders based on its opportunities for long term and short term growth and further expansion in developing the market. The results suggest that even lower liquidity coupled with higher interest borrowings can be balanced by posing positive picture to the public shareholders by returning the positive dividend to them.

scholarly journals A Framework for Property Developers to Survive in a Recession

10.29007/cfr2 ◽  
2018 ◽  
Author(s):  
Zunoon Parambath ◽  
Nilupa Udawatta
Keyword(s):  
Survival Strategies ◽  
Economic Activities ◽  
Short Term ◽  
Property Development ◽  
Market Shares ◽  
Negative Impacts ◽  
Set Up ◽  
High Level ◽  
Property Developers

Recession is considered as a major threat to the economy as it slows down economic activities. The property development sector is extremely responsive to these economic conditions. Thus, it is crucial to understand causes, effects and strategies for property developers to survive in a recession without any ill effects. Thus, this research aimed to develop a framework for property developers to identify appropriate survival strategies in recession. A comprehensive literature review was conducted in this research to achieve the above mentioned aim. The results of this study indicated that recession prompts negative impacts on property development sector resulting in unemployment, lower demand, production and revenue, decline in resources and high level of competition. According to the results, the survival strategies were classified into short-term and long-term strategies. The short term strategies include: implementing management tactics, cut down of operating costs, keeping financing lines set up, timely repayment of debts, setting vital new objectives for the future, undertaking shorter time span developments, specialisation in favoured market, renegotiating deals and contracts. The long-term strategies include retrenchment, restructuring, investment and ambidextrous strategies. Similarly, attention should be paid to predict any changes in the economic environment that can influence property development activities and it is necessary to carefully evaluate investment activities to increase sales, profits and market shares of property developers. Preparing for a crisis is doubtlessly the ideal approach as it can facilitate both survival and growth. Thus, the property developers can implement these suggested strategies in their businesses to enhance their practices.

scholarly journals A survey of short-term and long-term stability of tube parameters in a mammography unit

2014 ◽  
Vol 29 (4) ◽  
pp. 321-325
Author(s):  
Jovica Praskalo ◽  
Jasna Davidovic ◽  
Biljana Kocic ◽  
Monika Zivkovic ◽  
Svetlana Pejovic
Keyword(s):  
Screening Program ◽  
Short Term ◽  
X Ray ◽  
Term Stability ◽  
Long Term Stability ◽  
Mammography Screening Program ◽  
The Republic ◽  
Set Up ◽  
The Given

In order to set up a successful mammography screening program in the Republic of Srpska, a Siemens Mammomat 1000 X-ray machine was selected for analysis as the said mammography system is widely used in clinical practice. The variations in tube parameters (specific air kerma, high-voltage accuracy and reproducibility, linearity between exposure and dose exposure time) were monitored over a five-year period, from 2008 to 2012. In addition, due to observed daily fluctuations for chosen parameters, a series of measurements were performed three times a day within a single-month period (mainly October 2012). The goal of such an experimental set up is to assess short-term and long-term stability of tube parameters in the given mammography unit and to make a comparison between them. The present paper shows how an early detection of significant parameter fluctuations can help eliminate irregularities and optimize the performance of mammography systems.

scholarly journals Crédito consignado: segmentos e efeitos econômicos

2018 ◽  
Vol 17 (2) ◽  
pp. 783-810
Author(s):  
Angélica Pott de Medeiros ◽  
Giulia Xisto de Oliveira ◽  
Reisoli Bender Filho
Keyword(s):  
Economic Recession ◽  
High Sensitivity ◽  
Variance Decomposition ◽  
Economic Effects ◽  
Short Term ◽  
Macroeconomic Variables ◽  
The Public ◽  
Short And Long Term ◽  
Vector Estimation

Resumo: O cenário de instabilidade política, a recessão econômica e as mudanças nas regras de concessão de crédito pautaram o objetivo de examinar o relacionamento do crédito consignado, por segmento de concessão, com variáveis macroeconômicas, caso do consumo, da produção industrial e do produto agregado, na última década (2007-2017). Os resultados foram obtidos por meio da estimação do vetor de correção de erros, funções de impulso-resposta e decomposição da variância, possibilitando a análise das relações de curto e de longo prazo entre as séries temporais e indicaram que as diferentes modalidades do crédito consignado implicam efeitos distintos sobre as variáveis econômicas em curto prazo. O segmento de aposentados e pensionistas impacta positivamente ambas as variáveis analisadas, com destaque para os bens de consumo das famílias. Já a concessão ao setor privado, embora represente a menor parcela do crédito consignado concedido, mostrou elevada sensibilidade a alterações na oferta dessa modalidade de crédito, enquanto que o crédito ao setor público, de maior participação, apresentou efeitos reduzidos e de curta duração.Palavras-chave: Crédito consignado. Segmentos. Economia brasileira. Payroll loans: segments and economic effects Abstract: The environment of political instability, economic recession and changes in the rules of granting credit were guiders to aim to examine the payroll loans relationship, by concession segment, with macroeconomic variables, case of consumption, industrial production and aggregate product, in the last decade (2007-2017). The results obtained by error correction vector estimation, and functions of impulse-response and variance decomposition, making it possible to analyze the short- and long-term relationships between the time series and indicated that the different modalities of payroll loans imply different effects on economic short-term variables. With retirees and pensioners segment positively impact on both analyzed variables, highlighting the household consumption goods. The concession to the private sector, although it represents the smallest portion of payroll loans granted, it showed high sensitivity to the changes of this modality. About credit to the public sector, which has the biggest portion, it showed reduced and short-term effects.Keywords: Payroll loans. Segments. Brazilian economy.

The Long-Term Ecological Research Stimulus: Research, Education, and Leadership Development at Individual and Community Levels

2016 ◽  
Author(s):  
James R. Gosz
Keyword(s):  
Forest Management ◽  
Ecological Research ◽  
Hubbard Brook ◽  
Research Education ◽  
The Public ◽  
Research Reporting ◽  
Long Term Ecological Research ◽  
Communication Needs ◽  
Set Up

Through the Long-Term Ecological Research (LTER) program, I have learned to appreciate the complexity of environmental dynamics when they are analyzed at multiple time and space scales. My experience as a postdoctoral fellow and in the LTER program facilitated much of my understanding of interdisciplinary research because of access to multiple disciplinary approaches and accumulation of long-term and multiple- scale information. My teaching of science benefited through recognition of the need for a combination of a deep understanding of each discipline’s role in an issue (reductionist approach) and the collaborative need for integrating disciplines to fully understand complexity. No single discipline can answer the complexity in an environmental question. I have improved my communication with the public through the combination of teaching and research reporting. The challenge is to develop the information in ways that can be communicated: free of scientific jargon, containing only essential data, and developed in scenarios that are recognized as real-life situations. The public has many forms and levels of understanding—there are K to gray and ordinary citizens and policy-makers; consequently, communication needs to be targeted appropriately. I value the role of collaboration; there is tremendous satisfaction and reward from working in teams that can accomplish so much more than can an individual. This collaboration requires compromise, interaction, and time, but those that strive for this approach to science are well recognized. I am fortunate in being in positions that have created opportunities for sustaining a long career in stimulating interdisciplinary and collaborative science. I had a traditional forest management and soil science education (Michigan Technological University and the University of Idaho). However, my entrée into ecosystem science was set up by my very valuable postdoctoral fellowship at the Hubbard Brook Experimental Forest under the guidance of Gene Likens from 1969 to 1970, before the formation of the LTER program. The Hubbard Brook experience, quite literally, educated me about systems thinking, with the watershed approach to understanding integrated responses from complex, multifactor interactions and influences of forest management as disturbances.

scholarly journals Deficit, Decay and Deprioritization of Transport Infrastructure in Nigeria: Policy Options for Sustainability

2016 ◽  
Vol 8 (3) ◽  
pp. 55 ◽  
Author(s):  
Lionel Effiom ◽  
Peter Ubi
Keyword(s):  
Local Governments ◽  
Common Knowledge ◽  
Current Data ◽  
Transport Infrastructure ◽  
Sub Saharan Africa ◽  
Short Term ◽  
Road Infrastructure ◽  
The Public ◽  
Sub Saharan

<p>It is common knowledge that Nigeria’s road infrastructure, and indeed the general infrastructure of sub-Saharan Africa, is in a most despicable condition. This paper formalises this observation by providing current data to support the hypothesis. By deploying descriptive and theoretical methodological approaches, it demonstrates that road infrastructure is not only deteriorating but also suffers from a twin evil of deficit and deprioritisation in the public sector’s preferential scale–a state of indifference of sorts. Long and short term policy choices have to be made to urgently address the issue. In the short term, infrastructure concessions, public private partnerships (PPP), pension funds, sovereign wealth fund, savings from reduction in fuel subsidies, leveraging on the Africa Growth and Opportunity Act (AGOA) mechanism–are part of the portfolio of choices that government can readily choose from. In the long term however, the paper recommends increase in the statutory allocation to the states and local governments which would ensure that component units of the federation control more resources to deploy and develop infrastructure in their immediate domain.</p>

scholarly journals Evaluation of installation effects on set-up of field displacement piles in sand

2019 ◽  
Vol 56 (4) ◽  
pp. 461-472 ◽  
Author(s):  
Ivana Anusic ◽  
Barry M. Lehane ◽  
Gudmund R. Eiksund ◽  
Morten A. Liingaard
Keyword(s):  
Test Data ◽  
Impact Frequency ◽  
Short Term ◽  
Factors Affecting ◽  
Installation Effects ◽  
Field Displacement ◽  
Small Influence ◽  
Set Up ◽  
Shaft Friction

The paper presents results from a new series of tests on displacement piles in sand, involving different installation modes, and combines these with results from previous tests at the same site as well as with test data at two other well-investigated sand sites to provide fresh insights into factors affecting “short-term” capacity and set-up of shaft friction. It is shown that the shaft capacity measured shortly after installation reduces systematically with the logarithm of the number of impact blows or jacking increments per unit shaft area imparted during installation. However, the degree of set-up of shaft friction for piles increases with an increase in the number of blows, and piles installed using a large number of blows can attain highest “long-term” shaft capacities, despite having the lowest short-term capacity. The tests indicated that the driving impact frequency had a relatively small influence on shaft friction, while piles installed by vibration attain short-term capacities comparable to driven impact piles, but showed negative set-up.

scholarly journals Astronomy Development in Morocco: a Challenge to Stimulate Science and Education

2001 ◽  
Vol 24 (3) ◽  
pp. 59-64 ◽  
Author(s):  
Khalil Chamcham
Keyword(s):  
The Other ◽  
International Level ◽  
The Public ◽  
Science And Education ◽  
Set Up

AbstractFrom my experience in Morocco, I discuss the difficulties one can face while trying to set up projects in a country where astronomy is a forgotten science: everything has to be built from scratch and, at the same time, one is required to keep up the pace at the international level. But, on the other side, it is quite a relief to see the strong demand from students and the public. In these circumstances even professional astronomy cannot survive without feedback from the public and long-term investment in education at all levels.

scholarly journals Building bridges between experts and the public: a comparison of two-way communication formats for flooding and air pollution risk

2018 ◽  
Author(s):  
Maria Loroño-Leturiondo ◽  
Paul O'Hare ◽  
Simon J. Cook ◽  
Stephen R. Hoon ◽  
Sam Illingworth
Keyword(s):  
Air Pollution ◽  
Serious Games ◽  
Short Term ◽  
Pollution Risk ◽  
The Public ◽  
Safe Spaces ◽  
Personal Experiences ◽  
Educational Programmes ◽  
First Time

Abstract. Urban centres worldwide are adversely affected by flooding and air pollution. Better prepared citizens are crucial to limiting the impacts of these hazards, and both lay knowledge and personal experiences are important in complementing and challenging expert opinion. For the first time, this study offers a critical comparison of how different two-way communication formats have been used worldwide between experts and the public in relation to flooding and air pollution risk. Through a systematic review, we analyse social media, educational programmes, serious games, citizen science, and forums in terms of their effectiveness in respect of communicating short-term incidents, long-term awareness, and long-term knowledge in the context of flooding and air pollution risk. We find that there is neither a one-size-fits-all, nor superior, format of communication. No single format is effective in fulfilling all three communication purposes. All five formats analysed appear to be successful under different circumstances and are never representative of all segments of the population. Communication between experts and the public is difficult and full of tensions, information alone is not enough. Our study shows different ways of incorporating strategies to build trust between experts and the public and make communication more fun and accessible, breaking down hierarchies and creating safe spaces for co-creation where everyone feels empowered to participate and benefits.

scholarly journals PARTISIPASI MASYARAKAT DALAM PENYUSUNAN RENCANA PEMBANGUNAN JANGKA MENENGAH DAERAH (RPJMD) KOTA PEKANBARU 2012-2017

2017 ◽  
Author(s):  
Alexsander Yandra
Keyword(s):  
Development Planning ◽  
City Government ◽  
Development Plan ◽  
Social Changes ◽  
Medium Term ◽  
Short Term ◽  
The Public ◽  
Process Medium ◽  
The Government

Status: Postprint di Jurnal PUBLIKa Jilid 2 Terbitan April dan Oktober Halaman 48-58The region authority to controlling the development planning contained in a regulations No. 25 of 2014 about the system of development planning. The regulation give an opportunity to the public to become involved in every process of development especially in the long-term process, medium-term although short-term. Medium-term development plan (RPJMD) become the important ones to every region especially Peknbaru city, because this formula was an elaboration of the vision and mission of regional head (Walikota) as well as executives products that directly related to the policies of city government development. As part of the process of formulating the development plan, the discussion of development planning (musrenbang) was the only step where the public get the chance to participate. Through a descriptive qualitative approach by the ethic data analysis and emic, concluded that the public participate in the discussion of development planning RPJMD of Pekanbaru city fully initiated by the government of Pekanbaru city, there was nothing mobilitation from the government to the public in musrenbang because the public voluntary attendance for the invitation, participation from the formal way and group and also there was nothing informal way, so this participation has not been effective because the public were not involved from the start in the formulations of the RPJMD, so that the public still seen as a subject in the development planning.Key word: participation, social changes and development, RPJMD.

Sign in / Sign up

Export Citation Format

Share Document