Progress in Economic Sciences最新文献_第2页

A modern concept of sustainable development 可持续发展的现代理念

Progress in Economic Sciences Pub Date : 2018-10-09 DOI: 10.14595/PES/05/009

S. Zikic

引用次数: 7

Determinants of sovereign rating in Sub-Saharan African countries: 2000-2018 撒哈拉以南非洲国家主权评级的决定因素:2000-2018

Progress in Economic Sciences Pub Date : 2018-10-09 DOI: 10.14595/PES/05/011

T. Haile

{"title":"Determinants of sovereign rating in Sub-Saharan African countries: 2000-2018","authors":"T. Haile","doi":"10.14595/PES/05/011","DOIUrl":"https://doi.org/10.14595/PES/05/011","url":null,"abstract":"The issuing of international sovereign bonds by SSA countries has increased significantly since 2000. These bonds are used for deficit financing, benchmarking and public debt management. The bonds are vital sources of finance, next to loans and donor financing. What determines the ability of SSA countries to issue sovereign bonds, and what explains the spreads of these bonds in the international capital market? The author attempts to answer these questions by reviewing econometric case studies on sovereign rating criteria, key checklist factors for sovereign rating by Fitch and Standard & Poor’s, current sovereign ratings of SSA countries by S&P’s, the African Developments Bank’s risk ratings of SSA countries, a list of SSA sovereign bond issues, and worldwide Africa Sovereign Eurobond yield in 2018, and by analyzing the advantages and disadvantages of sovereign bonds in SSA as compared with loans and donor financing. Using an analytical approach, the author comprehensively details the main determinants of the sovereign credit ratings of SSA countries from 2000 to 2018. The main factors for assessing SSA countries’ sovereign risks are political, legal and regulatory risks, the structure of the economy, the condition of public finances, the effectiveness of internal monetary policy, and external financial position. According to S&P’s 2017, out of 17 SSA sovereigns, 15 are of speculative grade and 2 are of investment grade. Irrespective of their low sovereign rating status, however, the value of SSA countries’ outstanding sovereign bonds grew from less than $1 billion in 2008 to over $18 billion by 2014. Further sales of African sovereign bonds amounted to $10.7 billion by March 2018. Africa offers the highest yield rates in the world for sovereign Eurobonds. Africa’s debt yield in 2018 is 6% on average, compared with 5.5% for emerging markets and just 4% for developing nations in the Asia-Pacific region.","PeriodicalId":243710,"journal":{"name":"Progress in Economic Sciences","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123779539","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

Managing Regional Development in CEE Countries - the Example of Initiative 16+1 管理中东欧国家区域发展——以“16+1”倡议为例

Progress in Economic Sciences Pub Date : 2018-10-09 DOI: 10.14595/PES/05/006

Katarina Zakic, Katarina Tešić

{"title":"Managing Regional Development in CEE Countries - the Example of Initiative 16+1","authors":"Katarina Zakic, Katarina Tešić","doi":"10.14595/PES/05/006","DOIUrl":"https://doi.org/10.14595/PES/05/006","url":null,"abstract":"Initiative 16+1 brings together 16 Central and Eastern European countries and China (CEEC) in a single project that aims to improve bilateral economic relations between China and those countries and the relations among CEE countries. This paper discuss the initiative as a good example of improvement in regional development and relations. The paper discusses the regional projects under the initiative from two different perspectives. Firstly, we discuss the regional projects that are or will be implemented in CEEC. The hypothesis is that with further strengthening of this initiative, regional development in CEEC will be improved. The methodology used in this part of the paper involves the use of available public data collected from reference papers and public sources. Secondly, we consider Serbia’s position in this initiative. The hypothesis here is that through this initiative and regional projects, Serbia will improve its regional economic position. For this purpose, data from the Statistical Office of the Republic of Serbia are used. The authors analyse exports and imports between Serbia and other CEEC countries, before and during the initiative. The authors conclude that after six years we can already witness better regional development within the region, and Serbia is also improving its economic position due to the benefits of this initiative.","PeriodicalId":243710,"journal":{"name":"Progress in Economic Sciences","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129627309","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: 2

Money laundering and the financing of terrorism: the role of offshore business 洗钱和资助恐怖主义:离岸业务的作用

Progress in Economic Sciences Pub Date : 2018-10-09 DOI: 10.14595/PES/05/014

M. Joksimović, R. Mitrović, D. Joksimović

引用次数: 1

Wykształcenie konsumentów żywności ekologicznej z województwa podkarpackiego a czynniki wpływające na jej zakup

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/003

Ryszard Dziekan, M. Konieczny

引用次数: 3

Flood risk assessment model using the fuzzy analytic hierarchy process 洪水风险评价模型采用模糊层次分析法

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/019

Marija Kerkez, Vladimir Gajović, Goran Puzić

引用次数: 6

Sustainable development of the region: the case of Logistic Centre Pirot 区域可持续发展:以物流中心Pirot为例

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/018

D. Kostic, A. Simonović, V. Stojanović

引用次数: 0

Wpływ zasobów środowiskowych na rozwój gospodarczy obszarów wiejskich na przykładzie Gminy Stare Miasto

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/026

A. Wlazły

{"title":"Wpływ zasobów środowiskowych na rozwój gospodarczy obszarów wiejskich na przykładzie Gminy Stare Miasto","authors":"A. Wlazły","doi":"10.14595/PES/04/026","DOIUrl":"https://doi.org/10.14595/PES/04/026","url":null,"abstract":"The overall economic situation in rural areas is considered to be very difficult today. In urban regions, except for provincial capitals and district towns, there are insufficient incentives stimulating rural development. Due to unfavourable conditions for developing business, conducting investment projects and the dominance of agriculture in the overall economy, rural areas are not considered attractive for living and developing entrepreneurship. It can be therefore concluded that rural areas are characterized by a lack of harmony between economic, environmental and social dimensions of developmental processes. This publication shows that an appropriate use of environmental resources in rural areas may be beneficial for their economic development. A good example of this phenomenon is the Stare Miasto municipality in Poland, where the presence of two motorway nodes significantly affects the economy of this region. The main objective of this publication is to recognize the effects of the use of environmental resources available in rural areas on their economic development using the example of a particular rural municipality. The main hypothesis set forth in this publication is that the use of environmental resources has a positive effect on the economic development of rural areas in the Stare Miasto municipality. The research process consists of the following stages: reviewing Polish and international literature and various magazines; developing the main objective and hypotheses; analysing the development strategy for the Stare Miasto municipality between 2015 and 2025; assessing opportunities and threats related to the economic use of natural resources; and presenting conclusions drawn from the considerations.","PeriodicalId":243710,"journal":{"name":"Progress in Economic Sciences","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131781685","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

Foreign direct investment and their impact on economic development countries in transition 外国直接投资及其对转型期经济发展国家的影响

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/016

M. Joksimović, B. Grujić, D. Joksimović

引用次数: 0

Zrównoważony rozwój obszarów wiejskich w Polsce w polityce Unii Europejskiej w perspektywach finansowych na lata 2007–2013 i 2014–2020

Progress in Economic Sciences Pub Date : 2017-07-21 DOI: 10.14595/PES/04/027

Marta Guth, Michał Borychowski

引用次数: 1