{"title":"Do Business Subsidies Lead to Increased Economic Activity? Evidence from Arkansas's Quick Action Closing Fund","authors":"Jacob Bundrick, Thomas Snyder","doi":"10.2139/ssrn.3169574","DOIUrl":"https://doi.org/10.2139/ssrn.3169574","url":null,"abstract":"State governments rely heavily on targeted economic-development incentives to promote economic activity. In recent years, many states have adopted targeted subsidy programs known as “deal-closing funds†to attract and retain businesses. Despite the increased use of deal-closing funds, it remains unclear whether they provide value in terms of increasing private employment and establishments. In this paper, we analyze the relationship between deal-closing funds and county-level private employment and private establishments from Arkansas’s Quick Action Closing Fund (QACF). We estimate these relationships using a variety of fixed-effects and OLS techniques to measure both within-county and across-county relationships. We find little evidence to suggest that the QACF creates significant job and establishment growth. The results from this study should serve to better inform public policy across states as it relates to the use of targeted business subsidies.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124117879","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}
{"title":"Towards a New Approach of Local Development Under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy","authors":"Charis Vlados, Nikolaos Deniozos, Dimos Chatzinikolaou","doi":"10.5296/IJRD.V5I1.11955","DOIUrl":"https://doi.org/10.5296/IJRD.V5I1.11955","url":null,"abstract":"The competitiveness of the Greek economy evolves, both in the present crisis and later on, according to the dynamic micro-level environment and its transformations. This evolution depends on the SME’s abilities to claim a significant role in the new, competitive global environment, which is characterized by a continuous reshaping process. Respectively, the goal of achieving development in the local scale is of vital importance. This paper attempts to approach and highlight a new framework, by proposing a new business ecosystems approach and policy, focusing on the implementation of a method for strengthening the SME’s physiology. This method proposes the construction of systematic knowledge and innovation mechanisms, on a local scale; the Local Development and Innovation Institutes (LDI’s). Subsequently, we analyze the regional data in Greece in order to highlight the most affected by the crisis region and to experimentally establish the Local Development Institutes.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115095913","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}
{"title":"СРАВНИТЕЛЬНАЯ ОЦЕНКА ЭФФЕКТИВНОСТИ РАЗВИТИЯ СПОРТА НА РЕГИОНАЛЬНОМ УРОВНЕ НА ОСНОВЕ МЕТОДА DEA (Comparative Assessment the of Effectiveness of Sports Development in the Russian Regions on the Basis of DEA Method)","authors":"Yuri Zelenkov, V. Tsvetkov, Ilya Solntsev","doi":"10.17059/2017-4-17","DOIUrl":"https://doi.org/10.17059/2017-4-17","url":null,"abstract":"The article investigates the financial resource management for the development of mass and elite sports at the regional level. The authors used statistical data of the Ministry of Sports that include 28 socio-economic indicators and 39 indicators of sports development in 82 regions for 2012 — 2015. A model of sports development was built using PLS-SEM method. We identified the following latent variables: economic development of the region; funds allocated to sports development; availability of resources; development of mass sports; development level of professional sports; results in elite sports, results in adaptive sports. The level of regional economic development affects the amount of funding allocated to the sports, which in turn determines the availability of resources. Availability of resources affects the success in the development of mass and professional sports. Success in professional sports determines results in great sporting achievements and adaptive sports. Structural modelling allowed us to identify measurable indicators of resources (model inputs) and results of sports development (model outputs). The authors assessed the effectiveness of transformation of inputs into outputs using DEA method. We investigated two models. The first one uses the indicators of mass sports development as outputs, the second one uses the indictors of professional sports development as outputs. The inputs of both models are the indicators of financial resources for sports. The simultaneous review of the effectiveness of two directions allows to emphasize the features of each region and evaluate balance in the development of mass and professional sports. The modelling results allow to identify several groups of regions with similar parameters, which may be due to their similar locations.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134483786","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}
{"title":"Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE","authors":"Oscar J. Arce, R. Gimeno, S. Mayordomo","doi":"10.2139/ssrn.2996964","DOIUrl":"https://doi.org/10.2139/ssrn.2996964","url":null,"abstract":"We analyse how the European Central Bank’s purchases of corporate bonds under its Corporate Sector Purchase Programme (CSPP) affected the financing of Spanish nonfinancial firms. Our results show that the announcement of the CSPP in March 2016 significantly raised firms’ propensity to issue CSPP-eligible bonds. The flipside was a drop in the demand for bank loans by these firms. This drop in the demand for credit by bondissuers, which are usually large corporations, unchained a positive and significant side effect on the flow of new loans extended to – typically smaller – firms that do not issue bonds. Specifically, we find that around 78% of the drop in loans previously given to bond issuers was redirected to other companies, which led them to raise investment. This reallocation of credit was amplified by the ECB’s Targeted Longer Term Refinancing Operations (TLTRO).","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129348639","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}
{"title":"The Role of Business Development Funds (BDF) in Creating Employment for the Youth in Rwanda","authors":"Dr. Jean Paul Mpakaniye","doi":"10.2139/ssrn.3052140","DOIUrl":"https://doi.org/10.2139/ssrn.3052140","url":null,"abstract":"The purpose of this study was to assess the role of business development funds in creating employment for the youth in Rwanda. A case study of BDF Musanze; period of the study: 2014-2016. The general objective of this study is to establish the role of business development funds in creating employment for the youth in Rwanda. This study was also based on the following specific objectives: To examine the activities of BDF in creating youth employment in Musanze District, to identify challenges faced by business development funds in creating employment for youth in Musanze District and to establish the relationship between business development funds and youth employment creation. The study used interviews, questionnaire, and documentary methods to correct data. The sample size of 90 respondents was taken purposively from 2000 youth members of BDF in Musanze District. Both qualitative and quantitative data were employed. The study revealed that that the main activities of BDF in youth employment creation are refinancing grant, stimulating SMEs growth and advisory and access to financial service as indicated by 22.2% of the respondents while 13.3% of respondents said business evaluation and follow up, 11.1% of respondents sided with coordination of government grant fund meanwhile 8.9% of respondent agreed with business plan activities. The study founded that BDF faced some challenges in creating employment for youth in Musanze District, unskilled entrepreneur and poor planning takes the first place at 33.3% of respondents, 22.2% of respondents have an obstacle of shortage of fund while 11.1% of respondents agreed with developing new and reliable sources of revenue. Also 50% of the respondents strongly agree that youth employment creation depends on the BDF activities, 40% agree, 10% disagree; this showed the good relationship between BDF and youth employment creation. The study concluded that BDF participate in creating job for youth of Rwanda as business evaluation and follow up, refinancing grant, coordination of government grant fund, stimulating SMEs growth and advisory and access to financial service. As recommendation, BDF should train and equip the workforce with vital skills and attitude.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"177 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134067376","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}
{"title":"Mining through the National Security Lens","authors":"J. Cruz, P. Magtulis, R. Mendoza","doi":"10.2139/ssrn.3043004","DOIUrl":"https://doi.org/10.2139/ssrn.3043004","url":null,"abstract":"Mining is a volatile industry in the Philippines notwithstanding its potential importance to the country’s industrialization and development. Due in part to longstanding debates on its environmental impact and contributions to tax revenues, as well as issues with existing mining laws, mining has become a divisive issue and has failed to contribute more significantly to the country’s economy. This study examines the Philippine mining industry in the context of promoting national security through industrialization. It examines how mining could be part of a robust value chain — going beyond the present view that it is simply a source of tax revenues. Using this national security and industrial policy lens emphasizes the potentially important role of mining in sustaining the Philippines’ sustained economic development. This is even more critical when one considers that China — a country which has a simmering territorial dispute with the Philippines — already supplies the lion’s share of the country’s steel. And this is trend that could be reinforced further by China’s effort to promote its Belt and Road Initiative and the Philippines’ effort to ramp up its infrastructure investments through the Duterte administration’s Build-Build-Build program.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132030522","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}
{"title":"Models, Measurement, and 'Universal Patterns': Jan Tinbergen and Development Planning Without Theory","authors":"M. Boumans, N. de Marchi","doi":"10.1215/00182702-7033956","DOIUrl":"https://doi.org/10.1215/00182702-7033956","url":null,"abstract":"Development economics in the 1950s and 1960s, as Jan Tinbergen and Irma Adelman saw it, was a “groping in the dark.” Besides the limited knowledge of dynamic mechanisms, the lack of data was a severe problem for any attempt at modeling, whether macroeconomic, input-output, or in the tradition of national income accounting. As concerns the three main figures of this article—the empirical researchers Tinbergen, Hollis Chenery, and Adelman—each developed his or her own approach to modeling: modeling in stages, modeling to capture universal patterns, and factor analysis, respectively. Tinbergen, Chenery, and Adelman shared a common inductive methodology, which might rightly be called “measurement without theory,” in the sense that there was no economic theory that could help them in organizing the available messy and often unreliable data. Chenery saw a role for abstract mathematical models as helping inquirers to rise above such impediments, even if only temporarily, or to gain focus, as was the case with his making technical progress an exogenous variable. Tinbergen’s models of the “first stage” were also intended to make planning for development tractable, but without mixing planning with such focusing devices. Adelman, for her part, preferred to search for and identify factors of development.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125266048","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}
{"title":"The Scientometric Evaluation of 100 Developing Countries in the Field of Economics From 2007 to 2016","authors":"Guangyue Wei","doi":"10.2139/ssrn.3436979","DOIUrl":"https://doi.org/10.2139/ssrn.3436979","url":null,"abstract":"This paper presents a scientometric evaluation of 17,737 articles published by economics journals indexed by SSCI with either principal or co-authors working in 100 developing countries’ institutions over the period 2007–2016, and provides helpful insights into the main trends and characteristics of developing countries in the field of economics in many aspects including annual number and share, distribution of countries, distribution of institutions, distribution of quartile, citation analysis etc. The quartile distribution of publications published by developing countries is Q1 (28.5%), Q2 (28.0%), Q3 (25.5%) and Q4 (18.0%). The number of articles published in Q4 is only 3,187, far less than 5049 of Q1. This paper also provides valuable information about the most publishing journals and the most frequently cited journals, as well as the most frequently cited reference. A co-word analysis based on the keywords and thematic noun-phrases in the titles and abstracts of the sample articles was used to explore the hot research topics in developing countries (e.g. economic growth, monetary policy, foreign direct investment, rural area, social welfare, stock return, international trade and financial crisis etc.). In addition, this paper also compares the similarities and differences of research topics between the articles published by developing countries and top five economics journals.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128548553","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}
E. Cavallo, Eduardo Fernández-Arias, Matías Marzani
{"title":"Making International Financial Integration Work for Low-Saving Countries","authors":"E. Cavallo, Eduardo Fernández-Arias, Matías Marzani","doi":"10.2139/ssrn.3103798","DOIUrl":"https://doi.org/10.2139/ssrn.3103798","url":null,"abstract":"Deeper financial integration is expected to enable low-saving countries to increase domestic investment but also to increase crisis risks by facilitating the accumulation of risky foreign liabilities. This paper explores the connections between financial integration, investment and crisis risk to assess this tradeoff. It confirms expectations but also finds that the accumulation of safe foreign assets that financial integration brings is an important risk offset that in many cases even eliminates the risk factor from the tradeoff altogether. Furthermore, it shows that the risk features of assets and liabilities depend on their type. Ultimately, whether international financial integration is in fact a reliable remedy for individual countries critically depends on the portfolio composition of their foreign assets and liabilities.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130248365","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}
{"title":"Promoting Logistics Providers in Developing Countries: Proposals for Peru","authors":"Manuel Angel Quindimil","doi":"10.2139/ssrn.2999737","DOIUrl":"https://doi.org/10.2139/ssrn.2999737","url":null,"abstract":"This working paper provides a historical overview of the performance of logistics service providers, examining the characteristics of regulations governing logistics service providers, with emphasis on Peru. The paper also discusses the best practices implemented in a number of countries for promoting the integration of logistics operators, presenting a series of proposals for developing logistics service providers in Peru","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128189730","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}