Banking Crises and Short and Medium Term Output Losses in Emerging and Developing Countries: The Role of Structural and Policy Variables

2012 ◽  
Vol 40 (12) ◽  
pp. 2369-2378 ◽  
Author(s):  
Davide Furceri ◽  
Aleksandra Zdzienicka
Keyword(s):  
Developing Countries ◽  
Banking Crises ◽  
Medium Term ◽  
Output Losses ◽  
Emerging And Developing Countries

Fertile Research Grounds in Emerging and Developing Countries: Revisiting the Role of the Researcher

2015 ◽  
Vol 2015 (1) ◽  
pp. 17675
Author(s):  
Silvia Dorado ◽  
Moses N Kiggundu ◽  
Christopher Marquis ◽  
Uchenna Uzo ◽  
Christopher B. Yenkey
Keyword(s):  
Developing Countries ◽  
Emerging And Developing Countries

Quotas and Voice - Further Thoughts on Approaches to Reform

Policy Papers ◽  
2006 ◽  
Vol 2006 (34) ◽  
Author(s):  
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Medium Term ◽  
Economic Weight ◽  
Cooperative Institution ◽  
The Voice

There is now widespread recognition that addressing quota and voice imbalances across the membership is essential for preserving the effectiveness of the Fund and its credibility as a cooperative institution. As noted in the Managing Director’s Report on Implementing the Medium-Term Strategy,2 members’ quotas have become increasingly out of line with countries’ economic weight in the global economy. In addition, the declining role of basic votes since the Fund was established has weakened the voice of smaller developing countries.

scholarly journals Sustainable Development and Multinational Enterprise Operations in Developing Countries: Role of Institutional Framework

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Rabi Narayan Kar ◽  
Amrita Kaur ◽  
◽  
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Multinational Enterprises ◽  
Multinational Enterprise ◽  
Developing Nations ◽  
Business Operations ◽  
State Of Affairs ◽  
Emerging And Developing Countries ◽  
Institutional Mechanism

The role of multinational enterprises (MNEs) for sustainable development, particularly in developing countries, has become a topic of debate among environmental, business, and economic researchers. In that context, we try to explore the compatibility and congruence of the business operations of MNEs vis-à-vis sustainable development in the developing part of the world. By using a multitheoretical framework followed with a multicase analysis concerning emerging and developing countries, we investigate how MNEs are addressing regional requirements of sustainable development where environment, local culture, and institutional mechanism are the key concerns. The adherence to evolving institutional mechanism over the years along with willful ethical steps taken by MNEs are found to be important in improving the state of affairs in the developing nations.

scholarly journals Stakeholder Engagement and Responsible Research & Innovation in promoting Sustainable Development and Empowerment through ICT

2019 ◽  
Vol 8 (3) ◽  
pp. 275
Author(s):  
Kutoma Wakunuma ◽  
Tilimbe Jiya
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Stakeholder Engagement ◽  
Social Inclusion ◽  
Sustainable Use ◽  
Responsible Research And Innovation ◽  
Research And Innovation ◽  
Emerging And Developing Countries ◽  
Responsible Research

ICT plays a significant role in both developed and developing countries across the globe. ICTs are also seen as playing an important role in achieving the UN’s Sustainable Development Goals (SDGs).  In particular, their importance is seen in terms of achieving sustainable development in the areas of health, education, social inclusion, global partnership and empowerment, among others. However, much ground cannot be made without creating and involving communities and networks that will support the sustainable use and development of ICT in emerging and developing countries. One concept that advocates for the inclusion of communities and establishment of networks around the use and development of ICT is Responsible Research and Innovation (RRI). At the core of RRI is the engagement of different stakeholders within communities and networks that are involved with ICT development in emerging and developing countries to ensure sustainable development. Using stakeholder theory, we introduce the work being conducted in the Responsible Research and Innovation Networked Globally (RRING) project to highlight the important role of stakeholders as part of RRI in the use and development of ICTs in emerging and developing countries. In particular, we will discuss how stakeholder engagement as part of RRI can be understood in an emerging country like India, specifically through our discussion of a women’s artisan handicraft centre known as Gramshree in the heart of Ahmedabad, India. We aim to highlight aspects of stakeholder engagement, the role of stakeholders in implementing ICTs in women’s sustainable development and empowerment. The aim is to showcase how sustainable development and empowerment could be achieved through the formation of a community network around ICT use and development. Keywords: Sustainable Development, Responsible Research and Innovation, ICT, Women Empowerment, Stakeholder Engagement

Financial flows to developing countries: the role of the International Monetary Fund

1981 ◽  
Vol 7 (2) ◽  
pp. 91-105 ◽  
Author(s):  
Graham Bird
Keyword(s):  
Developing Countries ◽  
International Monetary Fund ◽  
Developed Countries ◽  
Less Developed Countries ◽  
Medium Term ◽  
Financial Flows ◽  
The International Monetary Fund

This paper sets out to investigate the importance to less developed countries (LDCs) of the International Monetary Fund (IMF) as a source of short to medium term finance. A discussion of longer term concessionary aid falls outside the scope of the analysis, though this will be alluded to at times.

Finance and Structural Change

2021 ◽  
pp. 473-493
Author(s):  
Stephany Griffith-Jones ◽  
José Antonio Ocampo
Keyword(s):  
Developing Countries ◽  
Structural Change ◽  
Structural Transformation ◽  
Macroeconomic Policies ◽  
Emerging And Developing Countries ◽  
Currency Mismatches ◽  
Private Financing ◽  
Domestic Level

This chapter emphasizes two crucial links between finance and structural change. The first is a direct contribution with finance supporting innovative sectors through long-term funding. The chapter highlights the role of development banks, multilateral, but especially national ones, which should place structural transformation at the centre of their activities. The second link emphasized involves avoiding the risks associated with boom–bust cycles in external as well as domestic private financing. The proper use of capital account regulations as one of the instruments of macroeconomic policies in open economies is essential, particularly in emerging and developing countries. At the domestic level, avoiding unsustainable credit booms, and managing the maturity and currency mismatches in portfolios, are also emphasized.

scholarly journals Is gold a safe haven? The international evidence revisited

2020 ◽  
Vol 70 (4) ◽  
pp. 531-549
Author(s):  
Levent Bulut ◽  
Islam Rizvanoghlu
Keyword(s):  
Developing Countries ◽  
Joint Distribution ◽  
Equity Returns ◽  
Safe Haven ◽  
Lower Tail ◽  
International Evidence ◽  
Daily Data ◽  
Copula Approach ◽  
Emerging And Developing Countries

AbstractThe literature has not settled down on safe haven property of gold in the emerging and developing countries. Therefore, we revisit the international evidence on hedging and safe haven role of gold for 34 emerging and developing countries with a span of daily data covering January 2000–November 2018. We employ the GARCH-copula approach to estimate the lower-tail extreme dependencies of the joint distribution of gold and equity returns. We also introduce a new definition for the strong safe haven property of an asset. Our findings indicate that while gold serves as a hedging instrument for all countries in our sample, we got evidence of weak safe haven property for gold, for domestic investors, only in 20 countries, and a strong safe haven asset (SHA) only in 9 countries.

scholarly journals Franchising and country development: evidence from 49 countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cintya Lanchimba ◽  
Hugo Porras ◽  
Yasmin Salazar ◽  
Josef Windsperger
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Developing Economies ◽  
Positive Impact ◽  
Spillover Effects ◽  
Content Type ◽  
Infrastructural Development ◽  
Emerging And Developing Countries ◽  
The Impact

PurposeAlthough previous research has examined the role of franchising for the economic development of countries, no empirical study to date has investigated the importance of franchising for social, infrastructural, and institutional development. The authors address this research gap by applying research results from the field of sustainable entrepreneurship and highlight that franchising has a positive impact on economic, social, institutional and infrastructural development.Design/methodology/approachThis study uses a fixed-effects model on a panel dataset for 2006–2015 from 49 countries to test the hypothesis that franchising positively influences various dimensions of country development such as economic social institutional and infrastructural development.FindingsThe findings highlight that franchising has a positive impact on the economic, social, infrastructural, and institutional development of a country. Specifically, the results show that the earlier and the more franchising systems enter a country, the stronger the positive impact of franchising on the country's economic, social, institutional, and infrastructural development.Research limitations/implicationsThis study has several limitations that provide directions for further research. First, the empirical investigation is limited by the characteristics of the data, which are composed of information from 49 countries (covering a period of 10 years). Because franchising is not recognized as a form of entrepreneurial governance in many emerging and developing countries, the available information is mainly provided by the franchise associations in the various countries. Hence, there is a need to collect additional data in each country and to include additional countries. Second, although the authors included developed and developing countries in the analysis, the authors could not differentiate between developed and developing countries when testing the hypotheses, because the database was not sufficiently complete. Third, future studies should analyze the causality issue between franchising and development more closely. The role of franchising in development may be changing depending on different unobserved country factors, economic sector characteristics, or development stages.Practical implicationsWhat are the practical implications of this study for the role of franchising in the development of emerging and developing economies? Because public policy in emerging and developing countries suffers from a lack of financial resources to improve the social, infrastructural and institutional environment, entrepreneurs, such as franchisors who expand into these countries, play an important role for these countries' development. In addition to their entrepreneurial role of exploring and exploiting profit opportunities, they are social, institutional, and political entrepreneurs who may positively influence country development (Schaltegger and Wagner, 2011; Shepard and Patzelt, 2011). Specifically, the findings highlight that countries with an older franchise sector (more years of franchise experience) may realize first-mover advantages and hence larger positive spillover effects on their economic, social, institutional and infrastructural development than countries with a younger franchise sector. Hence, governments of emerging and developing countries have the opportunity and responsibility to reduce potential market entry barriers and provide additional incentives for franchise systems in order to trigger these positive spillover effects. The authors expect that the spillover effects from the franchise sector on the economic, institutional, social and infrastructural development of a country are stronger in emerging and developing countries than in developed countries.Originality/valuePrevious research has focused on the impact of franchising on the economic development of a country, such as its growth of gross domestic product (GDP), employment, business skills, innovation and technology transfer. This study extends the existing literature by going beyond the impact of franchising on economic development: the results show that franchising as an entrepreneurial activity offers opportunities for economic, social, institutional, and infrastructural development, all of which are particularly important for emerging and developing economies. The findings of this study contribute to the international franchise and development economics literature by offering a better understanding of the impact of franchising on country development.

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