scholarly journals Efficient Programs to Support Businesses During and After Lockdowns*

2020 ◽  
Author(s):  
Thomas Philippon
Keyword(s):  
Real Wage ◽  
Financial Distress ◽  
Government Interventions ◽  
The Real ◽  
Shadow Cost ◽  
Editorial Decision ◽  
Micro Level ◽  
Laissez Faire ◽  
The Government ◽  
Cost Efficient

Abstract I analyze efficient government interventions to mitigate financial distress during a severe macroeconomic downturn. At the macroeconomic level, the key variable is the gap between the real wage and the shadow cost of labor. This gap is large when unemployment is high. At the micro level, laissez-faire leads to excessive liquidation of businesses but an indiscriminate bailout prevents efficient reallocations and implies a large transfer from taxpayers to existing private creditors. I show that a cost-efficient intervention can be achieved with a continuation premium, whereby the government agrees to reduce its claims by the same haircut as private creditors plus a fixed premium. (JEL D24, G33, G38, H12) Received November 17, 2020; editorial decision November 23, 2020 by Editor Andrew Ellul.

The Education of Research Psychologists in Sweden

2003 ◽  
Vol 8 (1) ◽  
pp. 34-38 ◽  
Author(s):  
Knut Larsson ◽  
Josef Frischer
Keyword(s):  
Social Science ◽  
Doctoral Students ◽  
Doctoral Programs ◽  
Science Department ◽  
Research Education ◽  
The Core ◽  
Social Science Department ◽  
Learning Alliance ◽  
Laissez Faire ◽  
The Government

The education of researchers in Sweden is regulated by a nationwide reform implemented in 1969, which intended to limit doctoral programs to 4 years without diminishing quality. In an audit performed by the government in 1996, however, it was concluded that the reform had failed. Some 80% of the doctoral students admitted had dropped out, and only 1% finished their PhD degree within the stipulated 4 years. In an attempt to determine the causes of this situation, we singled out a social-science department at a major Swedish university and interviewed those doctoral students who had dropped out of the program. This department was found to be representative of the nationwide figures found in the audit. The students interviewed had all completed at least 50% of their PhD studies and had declared themselves as dropouts from this department. We conclude that the entire research education was characterized by a laissez-faire attitude where supervisors were nominated but abdicated. To correct this situation, we suggest that a learning alliance should be established between the supervisor and the student. At the core of the learning alliance is the notion of mutually forming a platform form which work can emerge in common collaboration. The learning alliance implies a contract for work, stating its goals, the tasks to reach these goals, and the interpersonal bonding needed to give force and endurance to the endeavor. Constant scrutiny of this contract and a mutual concern for the learning alliance alone can contribute to its strength.

Crisis Reactions and Their Consequences for the Real Sector of the Russian Economy

2011 ◽  
pp. 39-50
Author(s):  
V. Lushin
Keyword(s):  
Financial Crisis ◽  
Acute Phase ◽  
Dutch Disease ◽  
Added Value ◽  
Real Sector ◽  
The Real ◽  
Balanced Development ◽  
Russian Economy ◽  
The Government ◽  
State Modernization

The author analyzes factors that led to a deeper fall in output and profitability in the real sector of the Russian economy in comparison with other segments during the acute phase of the financial crisis. It is argued that some contradictions in the government anti-recession policy, activities of the financial sector and natural monopolies lead to pumping out added value created in manufacturing and agriculture, increase symptoms of the «Dutch disease», etc. It is shown that it may threaten the balanced development of the Russian economy, and a set of measures is suggested to minimize these tendencies and create a basis for the state modernization policy.

scholarly journals Determinants of Non-Linear Effects of Fiscal Policy on Output: The Case of Bulgaria

2009 ◽  
Vol 4 (1) ◽  
pp. 51-61 ◽  
Author(s):  
Vladimir Vladimirov ◽  
Maria Neycheva
Keyword(s):  
Fiscal Policy ◽  
Currency Board ◽  
Main Determinant ◽  
The Real ◽  
Real Gdp ◽  
Non Linear ◽  
Short Run ◽  
Linear Effects ◽  
Policy Impacts ◽  
The Government

Determinants of Non-Linear Effects of Fiscal Policy on Output: The Case of BulgariaThe paper illuminates the non-linear effects of the government budget on short-run economic activity. The study shows that in the Bulgarian economy under a Currency Board Arrangement the tax policy impacts the real growth in the standard Keynesian manner. On the other hand, the expenditure policy exhibits non-Keynesian behavior on the short-run output: cuts in government spending accelerate the real GDP growth. The main determinant of this outcome is the size of the discretionary budgetary changes. The results imply that the balanced budget rule improves the sustainability of public finances without assuring a growth-enhancing effect.

Coalitions and Government Formation: An Empirically Relevant Theory

1978 ◽  
Vol 8 (4) ◽  
pp. 459-477 ◽  
Author(s):  
Ian Budge ◽  
Valentine Herman
Keyword(s):  
Game Theory ◽  
Real World ◽  
Coalition Formation ◽  
Government Formation ◽  
The Real ◽  
Relevant Theory ◽  
The Government ◽  
Number Of Parties ◽  
Government Coalition

Traditional theories of government coalition formation concentrate on formal criteria inspired by – if not directly drawn from – game theory. One such criterion is that the coalition which forms must be winning; another is that it should have no surplus members without whom it would still be winning, i.e. it should be minimal; and a third is that the number of parties should be as few as possible. The closest that such theories come to considering the substantive issues affecting the formation of coalitions in the real world is their focus on reducing the ideological diversity of parties within the government. On many occasions, however, such ideological considerations receive negligible attention from politicians, who often ignore size factors altogether.

Developmental Impacts of Remittances on Migrant-Sending Households: Micro-Level Evidence from Punjab, Pakistan

2019 ◽  
Vol 14 (3) ◽  
pp. 338-366
Author(s):  
Kashif Imran ◽  
Evelyn S. Devadason ◽  
Cheong Kee Cheok
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Quality Data ◽  
High Quality ◽  
High Quality Data ◽  
Development Index ◽  
Policy Interventions ◽  
Education And Health ◽  
Micro Level ◽  
The Government

This article analyzes the overall and type of developmental impacts of remittances for migrant-sending households (HHs) in districts of Punjab, Pakistan. For this purpose, an HH-based human development index is constructed based on the dimensions of education, health and housing, with a view to enrich insights into interactions between remittances and HH development. Using high-quality data from a HH micro-survey for Punjab, the study finds that most migrant-sending HHs are better off than the HHs without this stream of income. More importantly, migrant HHs have significantly higher development in terms of housing in most districts of Punjab relative to non-migrant HHs. Thus, the government would need policy interventions focusing on housing to address inequalities in human development at the district-HH level, and subsequently balance its current focus on the provision of education and health.

Consumers Preferences, Subsistence and Real Wage

1993 ◽  
Author(s):  
D. Andrews
Keyword(s):  
Political Economy ◽  
Real Wage ◽  
Consumer Preference ◽  
Sharp Contrast ◽  
Index Number ◽  
Neoclassical Theory ◽  
The Real ◽  
Individual Consumer ◽  
Classical Political Economy

In classical political economy, the real wage derives its reality from its association with a given set of products that provides for the subsistence of workers through time. In neoclassical theory the connection between the real wage and a given set of products is broken, because the restriction of workers’ consumption to a particular set of products conflicts with the idea of individual consumer preference. Thus, the ‘reality’ of the real wage in neoclassical theory is grounded differently, in a particular standard of value that can be called an index number standard. The difficulties involved with this construction raise questions about the theoretical adequacy of the notion of real wage itself. In particular, this leads to a conclusion that stands in sharp contrast to the empiricist proclamations of neoclassical theory.

scholarly journals E-LEARNING ACCESSIBILITY IN STATE-OWNED SCHOOLS IN NORTH BALI

2019 ◽  
Vol 26 (1) ◽  
pp. 8
Author(s):  
Wicaksana Gede Dharma Arya ◽  
Dewi Ni Putu Febriana
Keyword(s):  
Qualitative Research ◽  
Public Opinion ◽  
Snowball Sampling ◽  
The Real ◽  
The Public ◽  
Interview Guide ◽  
E Learning ◽  
The Government ◽  
Descriptive Qualitative

This study aimed at investigating the implementation of e-learning in one of government non-favourite schools in Singaraja. This study was the result of the real implementationof e-learning in Bali in which the government expected e-learning to be applicable in every school in Bali since the launching of Balinese version of E-learning 2017. This research was a descriptive qualitative research. This study used snowball sampling in which the public opinion was counted. The data were collected by using observation and interview guide. The result of the study showed that the implementation of e-learning was not running well and became a serious problem. Some sollutions were offered in this study.

scholarly journals To the question of the relationship between the government and the population through the prism of history

2021 ◽  
pp. 69-74
Author(s):  
Lilia Alekseyeva ◽  
Svetlana Mayorova
Keyword(s):  
The State ◽  
The Real ◽  
Legal Thought ◽  
The Government ◽  
The Relationship

The article is devoted to the study of the development of political and legal thought, devoted to the problem of the relationship between power and the state, as well as the real implementation of these concepts.

scholarly journals A cross-sectional analysis of meteorological factors and SARS-CoV-2 transmission in 409 cities across 26 countries

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Francesco Sera ◽  
Ben Armstrong ◽  
Sam Abbott ◽  
Sophie Meakin ◽  
Kathleen O’Reilly ◽  
...  
Keyword(s):  
Reproduction Number ◽  
Meteorological Factors ◽  
Cross Sectional ◽  
Government Interventions ◽  
Government Response ◽  
Mean Temperature ◽  
Conflicting Evidence ◽  
The Government ◽  
Sectional Analysis ◽  
Socio Economic Factors

AbstractThere is conflicting evidence on the influence of weather on COVID-19 transmission. Our aim is to estimate weather-dependent signatures in the early phase of the pandemic, while controlling for socio-economic factors and non-pharmaceutical interventions. We identify a modest non-linear association between mean temperature and the effective reproduction number (Re) in 409 cities in 26 countries, with a decrease of 0.087 (95% CI: 0.025; 0.148) for a 10 °C increase. Early interventions have a greater effect on Re with a decrease of 0.285 (95% CI 0.223; 0.347) for a 5th - 95th percentile increase in the government response index. The variation in the effective reproduction number explained by government interventions is 6 times greater than for mean temperature. We find little evidence of meteorological conditions having influenced the early stages of local epidemics and conclude that population behaviour and government interventions are more important drivers of transmission.

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