PSN: Other Domestic Development Strategies (Topic)最新文献

{"title":"Cambio técnico y política económica: la teoría y el caso colombiano (1950-2019) (Technical Change and Economic Policy: The Theory and the Colombian Case (1950–2019))","authors":"Carlos Esteban Posada","doi":"10.2139/ssrn.3729333","DOIUrl":"https://doi.org/10.2139/ssrn.3729333","url":null,"abstract":"Spanish abstract: La política favorable al crecimiento económico se basa en la teoría económica de una sociedad descentralizada (de mercado) cuya actividad productiva se expande en el largo plazo en medio de altibajos gracias al cambio técnico y al surgimiento, una y otra vez, de diversos obstáculos al proceso de crecimiento. En el caso colombiano de los últimos 70 años las tasas de crecimiento económico y de cambio técnico se han asociado a la movilización intersectorial de los recursos productivos, es decir, a lo que se denomina “cambio estructural”, y esto, a su turno, a políticas económicas (no siempre favorables). English abstract: The right policy to economic growth is based on the theory of a decentralized (market) society whose productive activity expands in the long term amid ups and downs thanks to technical change and the emergence, time and again, of various obstacles to economic growth. In the Colombian case of the last 70 years, the rates of economic growth and technical change have been associated with the inter-sectoral mobilization of productive resources, that is, to what is called “structural change”, and this, in turn, to economic policies (sometimes no so right).","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114829982","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":"Turnaround Management Strategy and Profitability in the Distressed Nigerian Textile Manufacturing Industry","authors":"J. Ugoani","doi":"10.2139/ssrn.3727237","DOIUrl":"https://doi.org/10.2139/ssrn.3727237","url":null,"abstract":"The study was designed to examine the relationship between turnaround management strategy and profitability in the distressed Nigerian Textile Manufacturing Industry. The industry that in the past employed over 160,00 workers directly and millions indirectly in the cotton farms can now hardly employ 24,000 workers. The financial assistance from the federal government through the cotton textile garment scheme only helps to service its losses and not to restore profitability. A turnaround management strategy becomes imperative in a situation where business performance is persistently below some minimally allowable levels, and a major starting point is for the industry to audit its skills and other resources through SWOT. The exploratory research design was used for the study, and it was found that turnaround management strategy has positive relationship with profitability. Based on the result, it was suggested that board and management in a turnaround situation must ensure best management practices to enhance public confidence.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129625687","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":"Persistence and Path Dependence in the Spatial Economy","authors":"Treb Allen, D. Donaldson","doi":"10.3386/w28059","DOIUrl":"https://doi.org/10.3386/w28059","url":null,"abstract":"How much of the spatial distribution of economic activity today is determined by history rather than by geographic fundamentals? And if history matters for the distribution, does it also affect overall efficiency? This paper develops a tractable theoretical and empirical framework that aims to provide answers to these questions. We derive conditions on the strength of agglomeration externalities, valid for any geography, under which temporary historical shocks can have extremely persistent effects and even permanent consequences (path dependence). We also obtain new analytical expressions, functions of the particular geography in question, that bound the aggregate welfare level that can be sustained in any steady-state, thereby bounding the potential impact of history. Our simulations—based on parameters estimated from spatial variation across U.S. counties from 1800-2000—imply that small variations in historical conditions have substantial consequences for both the spatial distribution and the efficiency of U.S. economic activity, both today and in the long-run.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129819179","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":"Comportamiento del recaudo del impuesto departamental al degüello de ganado mayor en el Municipio de Montería en los años 2013-2018 (Departmental Tax on the Slaughter of Cattle in Monteria Municipality, 2013–2018)","authors":"Laura Vanessa Castrillón Galeano, Mariangela Ramos de la Ossa","doi":"10.18601/16577175.n27.04","DOIUrl":"https://doi.org/10.18601/16577175.n27.04","url":null,"abstract":"In the Cordovan community there is no ignorance that in the territory there is a lot of informality in the exercise of the slaughter of cattle, since not all the cattlemen slaughter the cattle in legally constituted plants, slaughterhouses or cold stores, as they carry out these tasks on the farms where they breed the animal, filtering and evading this tax, generating a low and insignificant collection for the Department. This article proposes to evaluate the efficiency of the collection management carried out by the Municipality of Monteria in the years 2013-2018 on the slaughter cattle tax. As a methodological strategy, quantitative samples were implemented, information was requested from the Department of Departmental Finance, on the finances collected year by year from 2013 to 2018 for the mentioned tax and qualitative sample, interviews were conducted with different subjects involved in the subject boarded. As a result, the main strategies to improve the processes of inspection and implementation of the collection of all the taxes established in the Departmental.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117227737","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":"A Study on Preference for Various Modes of Resources Mobilization in Indian Primary Market","authors":"Ashok Bantwa, Kaushal Bhatt","doi":"10.56401/abhigyan/38.2.2020.24-32","DOIUrl":"https://doi.org/10.56401/abhigyan/38.2.2020.24-32","url":null,"abstract":"Companies in India have broad spectrum of choices available for mobilization of financial resources that incudes public issue, right issue, bonus issue and private placement. The present study contains a detailed analysis of amount of funds mobilized through these modes and change in their preference over the study period. We observed a significant surge in preference for debt capital over the equity capital among the Indian corporates. Private placement of debt security has remained the most preferred mode of resource mobilization followed by public issue of bonds and NCDs, IPO and right issue whereas the FPO has remained the least preferred mode of raising fund. Except offer for sale, all three modes of raising equity capital (i.e. IPO, Right issue and QIP) witnessed downward trend in terms of amount raised during study period. Highest amount of resources were mobilized by banking and financial Institution industry followed by power and finance industry.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124713602","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 Underlying Economic Components of Acquired Goodwill","authors":"Thomas J. Linsmeier, D. Wangerin, Erika Wheeler","doi":"10.2139/ssrn.3663210","DOIUrl":"https://doi.org/10.2139/ssrn.3663210","url":null,"abstract":"In this study, we investigate what makes up acquired goodwill and find that it consists of at least three distinct components: expected synergies from combining the assets of the target and acquirer, the going concern value of the target firm, and overpayment. We identify these components empirically through a factor analysis on target, acquirer, and acquisition characteristics. We then document that acquired goodwill is positively associated with the synergy value, going concern value, and residual components. Further, we predict and find that going concern value and expected synergies are associated with a lower risk of future goodwill impairment, but that synergies reduce the risk of goodwill impairment more than the going concern value component. We also find that overpayment is associated with a greater risk of future goodwill impairment. The evidence we provide on the nature of acquired goodwill is important to understand how to account for goodwill subsequent to the acquisition, as each of these components have a different effect on the future cash inflows to the entity. Our findings suggest that a one-size-fits-all subsequent accounting alternative for goodwill may be difficult to apply due to heterogeneity in the economic components of goodwill.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114828687","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":"Study on the Presence of Middle Income Trap in E7 and Fragile Five Countries","authors":"A. Ozturk, Burcu Yavuz Tiftikçigil","doi":"10.24088/ijbea-2019-53003","DOIUrl":"https://doi.org/10.24088/ijbea-2019-53003","url":null,"abstract":"Among the emerging countries, those that display the most powerful economic performance, i.e., China, India, Indonesia, Brazil, Mexico, Russia and Turkey, are described as Emerging 7/Emerging economies (E7). Moreover, these E7 countries have been or are currently in a group referred to as Fragile Five, a grouping revised several times throughout the years. Fragile Five is about the relation between the countries’ economic growth and their high current account deficit and high inflation rate. It is predicted that decline in expansionary monetary policy in international economics would cause those countries to face difficulties in receiving external financing. Therefore, E7 countries in Fragile Five may be in a risky position due to inability to increase domestic savings, high dependency on external financing or volatile conditions of their economic performance indicators. This risky structure arising from mentioned factors also expose a danger for those countries to move up to upper income level without falling in the middle income trap. Hence this study investigates whether E7 and Fragile Five countries are in the middle income trap or not by using various methods and comparison techniques. The study is based on the classification created by Felipe, Abdon and Kumar using the middle income trap threshold values approach by obtaining growth rates, income transitions and times over historical data of countries. Furthermore, based on the middle income trap where per capita income cannot go beyond 20% of US GDP, since an economy would go into stagnation, this study compares GDP per capita of US with GDP per capita of E7 and Fragile Five countries. Furthermore, overall assessment is made after comparing GDP per capita of those countries with the average world middle income GDP per capita. In the light of the middle income trap definition of being stuck at 20% of per capita GDP of the USA, the per capita GDP of respective countries are compared against the per capita GDP of the USA. In addition, in line with the approach that takes world average per capita income as the basis for middle income, the per capita GDPs are compared against the world average per capita GDP values and relevant assessments are made.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126348537","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":"Political Power, Elite Control, and Long-Run Development: Evidence from Brazil","authors":"C. Ferraz, Frederico Finan, Monica Martinez-Bravo","doi":"10.3386/w27456","DOIUrl":"https://doi.org/10.3386/w27456","url":null,"abstract":"Author(s): Ferraz, Claudio; Finan, Frederico; Martinez-Bravo, Monica | Abstract: This paper analyzes how changes in the concentration of political power affect long-run development. We study Brazil’s military dictatorship whose rise to power dramatically altered the distribution of power of local political elites. We document that municipalities that were more politically concentrated prior to the dictatorship in the 1960s are relatively richer in 2000, despite being poorer initially. Our evidence suggests that this reversal of fortune was the result of the military’s policies aimed at undermining the power of traditional elites. These policies increased political competition locally, which ultimately led to better governance, more public goods, and higher income levels.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116709474","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":"Do Youth Employment Programs Work? Evidence from the New Deal","authors":"Anna Aizer, Shari Jane Eli, Keyoung Lee, A. Lleras-Muney","doi":"10.3386/w27103","DOIUrl":"https://doi.org/10.3386/w27103","url":null,"abstract":"We study the Civilian Conservation Corps (CCC) – the first and largest youth training program in the U.S. in operation between 1933 and 1942 – to provide the first comprehensive assessment of the short- and long-term effects of means-tested youth employment programs. We use digitized enrollee records from the CCC program in Colorado and New Mexico and matched these records to the 1940 Census, WWII enlistment records, Social Security Administration records, and death certificates. We find that enrollees who spent more time in CCC training grew taller, lived longer lives and had higher lifetime earnings as a result of their participation in the program. We also find modest increases in the educational attainment of the participants and increases in short term geographic mobility. In contrast, we find no evidence that their labor force participation or wages increased in the short run. To assess the internal and external validity of the results, we compare our estimates to those derived from a randomized evaluation of Job Corps, the modern version of the CCC, conducted in the 1990s. The RCT’s results show that our empirical strategy delivers estimates that are in line with the experimental estimates. Overall, we find significant long-term benefits in both longevity and earnings, suggesting short and medium-term evaluations underestimate the returns of training programs, as do those that fail to consider effects on longevity.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"26 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116860304","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":"Competition, Financial Constraints and Misallocation: Plant-level Evidence from Indian Manufacturing","authors":"Simon Galle","doi":"10.2139/ssrn.3267397","DOIUrl":"https://doi.org/10.2139/ssrn.3267397","url":null,"abstract":"This paper studies the dual impact of increased competition on aggregate output in a setting with both oligopolistic competition and financial constraints. In the absence of financial constraints, more competition unambiguously increases output by reducing markup levels, which increases aggregate capital. However, with financial constraints, stronger competition reduces the profitability of constrained firms and thereby slows down their rate of self-financed capital growth. Extensive reduced-form evidence confirms the theoretical predictions, including evidence from the pro-competitive impact of an industrial policy reform in India. In line with the theory, this reform reduces markup levels and dispersion, and slows capital growth. The quantitative analysis demonstrates that allocative efficiency declines with competition, but this negative effect on output is initially more than offset by a higher aggregate capital level due to lower markups. However, when firms have fixed operating costs, capital growth slows down drastically with competition, which eventually reduces aggregate capital. In this setting, less access to finance implies a lower optimal degree of competition.","PeriodicalId":208134,"journal":{"name":"PSN: Other Domestic Development Strategies (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128661286","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}