Firmss Financial Surpluses in Advanced Economies: The Role of Net Foreign Direct Investments

2017 ◽  
Author(s):  
Tatiana Cesaroni ◽  
Riccardo De Bonis ◽  
Luigi Infante
Keyword(s):  
Foreign Direct Investments ◽  
Advanced Economies

scholarly journals Firms’ financial surpluses in advanced economies: the role of net foreign direct investments

2018 ◽  
Vol 35 (3) ◽  
pp. 1055-1080
Author(s):  
Tatiana Cesaroni ◽  
Riccardo De Bonis ◽  
Luigi Infante
Keyword(s):  
Foreign Direct Investments ◽  
Advanced Economies

scholarly journals Chinese and Indian FDI in Hungary and the role of Eastern Opening policy

2021 ◽  
Author(s):  
Katalin Völgyi ◽  
Eszter Lukács
Keyword(s):  
Renewable Energy ◽  
Location Choice ◽  
Investment Decision ◽  
Energy Sector ◽  
Foreign Direct Investments ◽  
Automotive Sector ◽  
Supportive Services ◽  
High Ranking ◽  
Strategic Cooperation

AbstractThe aim of this paper is to assess the main features of Chinese and Indian investments in Hungary and the role of the Hungarian Government’s Eastern Opening policy in the attraction of investments from these two Asian giants. This paper covers the sectoral distribution, modes of market entry, and motivations of Chinese and Indian foreign direct investments. The automotive sector is the most attractive sector for investors from both countries. ICT manufacturing (electronics) and services, and the renewable energy sector are also very attractive for Chinese companies. The same is true for IT/BPO services and the chemical sector in the case of Indian companies. Chinese and Indian companies enter the Hungarian economy mainly through green-field investments or acquisitions. Market-seeking and strategic asset-seeking motives are dominant in the case of investors from both countries. This paper also puts a special emphasis on studying the impacts of Hungary’s Eastern Opening policy (launched in 2012) on Chinese and Indian investments. The findings show that the Eastern Opening policy has had a significant impact on the investment decision (location choice) of new Chinese and Indian investors and further expansion of investments by Chinese and Indian companies located in Hungary due to four factors, namely high-ranking political meetings, strategic cooperation agreements, cash grants from the Hungarian Government and supportive services of HIPA.

scholarly journals De-standardising ageing? Shifting regimes of age measurement

2015 ◽  
Vol 36 (7) ◽  
pp. 1407-1433 ◽  
Author(s):  
TIAGO MOREIRA
Keyword(s):  
20Th Century ◽  
Sociological Theory ◽  
Biological Age ◽  
Chronological Age ◽  
Advanced Economies ◽  
Institutional Responses ◽  
Changing Role

ABSTRACTDeparting from the proposition that, in the sociological debate about whether there has been a shift towards a de-standardised lifecourse in advanced economies, little attention has been devoted to the infrastructural arrangements that would support such a transition, this paper explores the changing role of standards in the governance of ageing societies. In it, I outline a sociological theory of age standard substitution which suggests that contradictory rationalities used in the implementation of chronological age fuelled the emergence of a critique of chronological age within the diverse strands of gerontological knowledge during the 20th century. The paper analyses how these critiques were linked to a proliferation of substitute, ‘personalised’ age standards that aimed to conjoin individuals’ unique capacities or needs to roles or services. The paper suggests that this configuration of age standards’ production, characterised by uncertainty and an opening of moral and epistemic possibilities, has been shrouded by another, more recent formation where institutional responses to decentred processes of standardisation moved research and political investment towards an emphasis on biological age measurement.

scholarly journals THE ROLE OF INTEGRATED ISLAMIC COMMERCIAL AND SOCIAL FINANCE IN REDUCING INCOME INEQUALITY IN INDONESIA

2019 ◽  
Vol 5 (2) ◽  
Author(s):  
Arif Widodo
Keyword(s):  
Income Inequality ◽  
Method Of Moments ◽  
Wealth Distribution ◽  
Generalized Method Of Moments ◽  
Advanced Economies ◽  
The Social ◽  
Microfinance Institution ◽  
Islamic Microfinance ◽  
Commercial Finance

Recent years saw the heated debates among prominent economists on the growinginequality in advanced economies, and accordingly, many solutions to this seriousproblem have been put forward. Among the practical-cum-workable solution isprogressive taxation for wealth and income, especially the top one percent. Such asolution, however, has been implemented in Islamic perspective what so-called, zakahwhich is now referred to as social finance. In this paper, using the Gini coefficient datacovering 34 provinces in Indonesia over a decade, we examine whether the role ofsocial finance in tandem with commercial finance can adequately solve the problemof wealth distribution in Indonesia, one of the largest Democratic-Muslim countriesin the world. Using the Generalized Method of Moments (GMM) model, the resultsdemonstrated that Islamic commercial finance solely is proven statistically incapable oftackling inequality while the social finance (zakah) is performing very well in this matterover all specifications. Most importantly, when both are incorporated in a model, theresult showed a significant reduction in income inequality implying that the integratedIslamic finance which can be implemented in both Islamic microfinance institution andIslamic banking is more capable, as opposed to when both are separated, of helpingaddress the income inequality problem in Indonesia.

Marketing to the “middle of the pyramid” in emerging markets using a social network perspective

2014 ◽  
Vol 9 (3) ◽  
pp. 400-423 ◽  
Author(s):  
Tendai Chikweche ◽  
Richard Fletcher
Keyword(s):  
Social Networks ◽  
Middle Class ◽  
Potential Role ◽  
Content Type ◽  
Business Executives ◽  
Advanced Economies ◽  
Sub Saharan ◽  
Corporate Social ◽  
The Impact

Purpose – The purpose of this paper is to expand knowledge about how middle class consumers in Sub-Saharan African markets behave, focusing on the potential role of social networks and the subsequent interactions that take place between these consumers and firms. Design/methodology/approach – A qualitative research method approach comprising personal interviews and observations targeted at consumers and business executives was used covering all four countries. Findings – Key findings include identification of middle of the pyramid (MOP) social networks, their impact on consumer behaviour and nature of consumer and firm interactions that take place as a result of the impact of social networks. Research limitations/implications – The sample size was restricted to 80 consumers in each of the four countries. This might limit generalisability. Practical implications – The study provides managers with insights on the potential role of social networks on marketing to the MOP in Africa. Social implications – The study provides managers with insights on the potential opportunities for corporate social responsibility solutions at the MOP. Originality/value – Research into the middle class in markets other than western advanced economies is a relatively new area of study. The majority of studies on the middle class have focused on North America and Europe ignoring the merging middle class in Africa. Hence, this research expands knowledge by providing basis for exploring new insights on the emerging marketing opportunity within the middle class in Africa.

The consequences of US technology changes for productivity in advanced economies

2021 ◽  
pp. 1-25
Author(s):  
Steffen Elstner ◽  
Svetlana Rujin
Keyword(s):  
Institutional Characteristics ◽  
Technology Shocks ◽  
Limited Effect ◽  
Technology Changes ◽  
Advanced Economies ◽  
The Us ◽  
Technology Level ◽  
Productivity Gains ◽  
Us Technology

Abstract Since at least the mid-2000s, many advanced economies have experienced low productivity growth. This development is often related to declining productivity gains at the technology frontier, which is largely determined by the US. We challenge this explanation by studying the effects of US technology shocks on productivity levels in advanced economies. We find positive but small spillovers of US technology shocks. For many countries, the elasticity of their productivity with respect to a 1% increase in the US technology level is significantly lower than 1. Thus, the recent US productivity slowdown must have had a limited effect on productivity developments in advanced economies. Nevertheless, after 5 years, the degree of productivity spillovers varies across countries. Therefore, we analyze the role of institutions in shaping these results. Our findings suggest that isolated institutional characteristics are not able to explain the observed various spillover degrees.

Short-term Behavioural Equations for Developing Countries

2020 ◽  
pp. 249-262
Author(s):  
Giovanni Andrea Cornia
Keyword(s):  
Developing Countries ◽  
Money Demand ◽  
Size Structure ◽  
Structural Difference ◽  
Policy Changes ◽  
Access To Credit ◽  
Aggregate Consumption ◽  
Advanced Economies ◽  
The Impact

This chapter discusses the structural difference in family size, structure, location, and preferences, as well as the features of the formal and informal financial markets that determine the access to credit of various types of firms. It also reviews the role of the exchange rate, interest, rate and inflation in determining money demand. It then discusses behavioural equations for aggregate consumption, investment, and money demand that fit the reality of developing countries, and compares them with those discussed in Chapter 3 for the advanced economies. It shows that their inclusion in the IS-LM and AS-AD models often modifies the impact of policy changes and endogenous shocks in relation to those obtained in the advanced economies.

Inequality: traditional drivers and the role of union power

2019 ◽  
Vol 72 (1) ◽  
pp. 25-58 ◽  
Author(s):  
Florence Jaumotte ◽  
Carolina Osorio Buitron
Keyword(s):  
Instrumental Variable ◽  
Technological Progress ◽  
Union Density ◽  
Tax Rates ◽  
Net Income ◽  
Omitted Variables ◽  
Financial Deregulation ◽  
Advanced Economies ◽  
Marginal Tax Rates

Abstract We examine the factors explaining the increase in gross and net income inequality in advanced economies since the 1980s. Our results support the view that globalization, technological progress, financial deregulation and lower top marginal tax rates are associated with higher inequality, and we find that the relation between the decline in union density and the rise in top decile income shares—a phenomenon which labour economists have long been discussing—is widespread across advanced economies. The influence of union density on top income shares appears to be causal, as evidenced by our instrumental variable estimates and the inclusion of potentially omitted variables.

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