PSN: Other Political Economy: Development (Topic)最新文献

Corporate Governance and Its Determinants in Emerging Countries: A Case Study of Bangladesh 新兴国家的公司治理及其决定因素:以孟加拉国为例

PSN: Other Political Economy: Development (Topic) Pub Date : 2013-02-25 DOI: 10.2139/ssrn.2213702

P. Biswas

{"title":"Corporate Governance and Its Determinants in Emerging Countries: A Case Study of Bangladesh","authors":"P. Biswas","doi":"10.2139/ssrn.2213702","DOIUrl":"https://doi.org/10.2139/ssrn.2213702","url":null,"abstract":"This paper begins with a summary of the literature on ways of measuring corporate governance ‘quality’. It then considers three related research questions, all in the context of an emerging economy, Bangladesh, where corporate governance has been a major concern. The first question is which firms are the leaders, in the sense that they are the first to update their governance practices? The second question is, what factors best explain changes in firms’ governance practices over time? The third question is what best explains differences in corporate governance practices across firms at a given point in time? Using a self-constructed composite index of governance quality comprising 148 elements, it was found that a subsidiary of a foreign company scored the highest in 11 of the 13 years, suggesting that the need for external equity capital may not be the primary motive for an improvement in firm-level governance in Bangladesh. Four firm-level characteristics, namely firm size, growth opportunities (measured by the book-to-market ratio), volatility and leverage, are significantly associated with changes in governance quality from one year to the next, while stock volatility is not associated with cross-sectional differences in CG quality across firms at a given point of time.","PeriodicalId":122971,"journal":{"name":"PSN: Other Political Economy: Development (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131994096","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

New Measures of Output, Labour and Capital in Industries of the Russian Economy 俄罗斯经济工业产出、劳动力和资本的新措施

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-10-25 DOI: 10.2139/SSRN.2168632

I. Voskoboynikov

{"title":"New Measures of Output, Labour and Capital in Industries of the Russian Economy","authors":"I. Voskoboynikov","doi":"10.2139/SSRN.2168632","DOIUrl":"https://doi.org/10.2139/SSRN.2168632","url":null,"abstract":"Russia is an important part of the world economy both now and in the past. Indeed, one would expect an abundance of studies on Russian economic development. In the past, growth and performance in planned economies vis-a-vis the Western world did attract much attention. These types of studies contributed to two revolutions of development thinking, which are the ?big push? approach based on success of Soviet industrialization in 1930-s and the unexpected collapse of the Soviet Union in 1991. However, recent performance of the Russian economy is less considered while much could be learned from studying the post-Soviet economic development. The key obstacle to the research in case of Russia is data availability. Detailed industrial data of labour, capital and output from early 1990-s onwards is not available both in the official statistics and in the literature. The present paper addresses this gap, providing detailed description of the newly developed dataset, which covers 34 industries in NACE 1.0 classification in 1995-2009. The paper also reports results of output growth rates decomposition into contributions of labour, capital and productivity (industrial growth accounting). Using more detailed data and better theoretical foundation it shows that the contribution of capital to economic growth in Russia is much more substantial that it has previously been reported in the literature until recently.","PeriodicalId":122971,"journal":{"name":"PSN: Other Political Economy: Development (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126836340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 31

Direct Distribution of Oil Revenues in Venezuela: A Viable Alternative? 委内瑞拉石油收入直接分配:一个可行的选择?

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-09-14 DOI: 10.2139/ssrn.2226516

P. L. Rodriguez, J. Morales, Francisco Monaldi Marturet

引用次数: 31

Entrepreneurship, Entrepreneurial Values, and Public Policy in Argentina 阿根廷的企业家精神、企业家价值观和公共政策

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-07-01 DOI: 10.2139/ssrn.2156788

José Anchorena, L. Ronconi

引用次数: 10

Freedom from Uncertainty: Toward a Robust Index of Human Security 从不确定性中解脱:迈向一个健全的人类安全指数

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-05-27 DOI: 10.2139/ssrn.2067314

Allan Dwyer

{"title":"Freedom from Uncertainty: Toward a Robust Index of Human Security","authors":"Allan Dwyer","doi":"10.2139/ssrn.2067314","DOIUrl":"https://doi.org/10.2139/ssrn.2067314","url":null,"abstract":"In the face of the global financial realignment, developing nations have increasingly turned to international debt markets as a source of development funding. Investors are in turn struggling to understand the risks inherent in these new emerging market bonds, especially 'country risk,' the likelihood of adverse nation-based events such as uprisings. Country risk flows from deficits in the core human needs that fall under the human security rubric. Even so, the concept has never gained currency in perhaps the one area where its use might have a measurable impact: the global securities markets from which emerging economies are increasingly seeking funding. This paper will assess the use of the concept of human security as a proxy for gauging and classifying the country risk component of emerging market bonds. A secondary goal is to propose several specific markers of human security and propose how they might be combined into a quantitative index. Three case studies will be presented to assess how human security performs as a measure of country/credit risk: Ecuador, Cote d’Ivoire, and Vietnam. A multidisciplinary concept that has sought to refocus thinking on the status of vulnerable populations toward human-centred rather than military outcomes, human security was initially seen as a way to formulate more effective, institutionalized development strategies. Yet, while the concept has appealed to academic researchers, policy analysts and NGOs as an exciting though somewhat amorphous paradigm for thinking about development, human security has defied formal quantification. I will employ this concept, which had its origins in development theory, and test it as a vehicle for understanding the uncertainties in emerging market bond markets.","PeriodicalId":122971,"journal":{"name":"PSN: Other Political Economy: Development (Topic)","volume":"183 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121935362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Legality of Trust Receipts in Nigeria 尼日利亚信托收据的合法性

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-03-13 DOI: 10.2139/SSRN.2020905

A. Etea

{"title":"The Legality of Trust Receipts in Nigeria","authors":"A. Etea","doi":"10.2139/SSRN.2020905","DOIUrl":"https://doi.org/10.2139/SSRN.2020905","url":null,"abstract":"The use of trust receipts largely derives from the concept of trust and trust itself has been interpreted as a concept that may mean different things in different contexts. The concept of trust receipt operates as a variation of the principle of trust. A trust receipt is a written legal document between two entities; the first who borrows money to finance some business venture ('the entrustee') and the other who advances the money needed ('the entrustor') and holds legal interest in the asset(s) acquired until such a time as when the debt is paid. The entruster, who owns or holds absolute title or security interests over certain specified goods, documents or instruments, releases the same to the possession of the entrustee upon the latter’s execution and delivery to the entruster of a signed document called a 'trust receipt' wherein the entrustee binds himself to hold the designated goods, documents or instruments in trust for the entruster and to sell or otherwise dispose of the goods, documents or instruments with the obligation to turn over to the entruster the proceeds thereof to the extent of the amount owing to the entruster or as appears in the trust receipt or the goods, documents or instruments themselves if they are unsold or not otherwise disposed of, in accordance with the terms and conditions specified in the trust receipt. The paper examines the rights and obligations arising out of the use of trust receipts in Nigeria.","PeriodicalId":122971,"journal":{"name":"PSN: Other Political Economy: Development (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130959992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Intimations of Keith Hart’s ‘Informal Economy’ - In the Work of Henry Mayhew, P T Bauer and Richard Salisbury 基思·哈特的“非正式经济”暗示——在亨利·梅休、P·T·鲍尔和理查德·索尔兹伯里的著作中

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-03-12 DOI: 10.2139/ssrn.2031291

J. Conroy

引用次数: 7

Why Did Small European Colonies Not Perform Better? GDP Estimation for Cyprus and Malta During the Interwar Period (1921-1938) 为什么欧洲小殖民地表现不佳?两次世界大战期间塞浦路斯和马耳他的GDP估算(1921-1938)

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-02-01 DOI: 10.2139/ssrn.2071396

Alexander Apostolides

{"title":"Why Did Small European Colonies Not Perform Better? GDP Estimation for Cyprus and Malta During the Interwar Period (1921-1938)","authors":"Alexander Apostolides","doi":"10.2139/ssrn.2071396","DOIUrl":"https://doi.org/10.2139/ssrn.2071396","url":null,"abstract":"This article presents the first attempt to create historical national accounts for Cyprus and Malta. It is part of an ongoing effort to place the unusually violent period of these two small British colonies in a greater Mediterranean and Colonial perspective, by providing macroeconomic aggregates. GDP estimates for the period 1921-1938 enable new interpretations regarding the islands’ economic growth and structural change. The estimates are converted into international currency units and a long run GDP series (1921-2008) is created to prove that the development level of the islands in the interwar period was much lower than what was previously thought, being poorer than Greece and Turkey. The islands’ performance is then evaluated in the context of South Eastern Europe, suggesting that the economic growth was slow considering the islands were far less exposed to the economic and political effects of the First World War. The ultimate reasons of growth performance differed: Cyprus experienced a prolonged agricultural crisis, but participated in the post-depression recovery through the rapid expansion of the copper mining industry, while Malta’s growth was slow due to a combination of declining British military expenditure and accelerated demographic growth. These differences notwithstanding, the islands were ultimately affected by common problems. Their small size, in combination with the islands’ status as British colonies, had a negative effect on their performance as global protectionism increased.","PeriodicalId":122971,"journal":{"name":"PSN: Other Political Economy: Development (Topic)","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116364410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Credit Rating Agencies in India: Have We Done Enough? 印度信用评级机构:我们做得够不够?

PSN: Other Political Economy: Development (Topic) Pub Date : 2012-01-31 DOI: 10.2139/SSRN.1999886

H. Bhushan

引用次数: 4

Activating the Role of Islamic Finance in the Development of Small and Medium Enterprises 激活伊斯兰金融在中小企业发展中的作用

PSN: Other Political Economy: Development (Topic) Pub Date : 2011-10-30 DOI: 10.2139/ssrn.1951454

Hussein Elasrag

引用次数: 2