Current Issue : January - March Volume : 2013 Issue Number : 1 Articles : 6 Articles
This paper analyzes the incentive problems of the disclosure of a so-called valuation allowance of\r\ndeferred taxes. Since the disclosure of a relatively high valuation allowance indicates a negative\r\nprofit development, misguided incentives of a progressive capitalization of deferred taxes from loss\r\ncarryforwards would have to occur in order to avoid a negative signal. As a result, this would\r\nespecially increase the loss potential in times of crisis, which would probably lead to a failure of the\r\ncompany....
WTO emphasis on free flow of goods, services, and capital amongst the member countries without any obstacles, it works for handling trade dispute and raising standard of living and income, promoting full employment expanding production, trade and optimum utilization of world resources. It started working since 1st January 1995. Following the provisions of WTO agreement Indian economy has under gone many changes. A study finds that high incidence of informal employment in the developing world suppresses countries' ability to benefit from trade opening by creating poverty traps for workers in job transition. Study also finds that informal employment is widespread in many developing countries, leaving thousands of workers with almost no job security, low incomes and no social protection. India is the one of the few developing countries which has been implementing liberation programmers. An Indian economy is the economy in the developing world that is the “success stories” of globalization, and WTO emerging into elephantine economies of the world. The success is defined by the high and sustained rates of growth of investment, and per capita income; the absence of major financial crises that have characterized a number of other emerging markets; significance reduction in income poverty and the increasing number of employment opportunity and education institution. These results in turn are viewed as the importance of a combination of a careful and sensible” sweeping programmed of global economic integration and domestic deregulation, as well as sound macroeconomic management. These supposed success stories have therefore been used to argue the case for globalization and WTO good impact on the India....
The search for financial stability remains a priority in every country today, mainly because of high costs\r\nincurred by financial crises and induced effects of financial stability on economic growth. The\r\neconomies of the West African Economic and Monetary Union (WAEMU) countries are characterized by\r\na strong dependence on the outside, especially with regard to the value of their currency, the CFA\r\nfranc, and thus the variability of their exports but also the terms of trade. This study is conducted using\r\nan equation of financial instability with panel data. We used simple moving averages to measure the\r\nvolatility for the different variables. The results show that the main predictors of financial instability in\r\nthe WAEMU are: distributed credit, inflation and the rate of export growth. The study shows the need for\r\ndiversification of production in the area and effective supervision of the banking system to better cope\r\nwith shocks from internal and external, and financial stability....
Economic development of countries who experienced transition processes from autocratic regimes\r\nto democracy and the catching up of EU developed countries need to radical reform the\r\ninstitutional framework. The institutional quality can promote or inhibit development processes,\r\nespecially in the countries that faced deep political, institutional and economic reforms and crises.\r\nThis article intends to study the role and importance of institutions in the development process of\r\nRomania and other central and eastern EU countries and to identify the characteristics of the\r\ninstitutional framework exerting a stronger influence on the development. With this purpose we\r\nused data and information form different sources: World Bank statistics and reports, World\r\nEconomic Forum Reports, reports of Legatum Institutes from London, scientific studies etc. We\r\nconsidered as useful the analysis of the nature and intensity of connection between institutional\r\nquality and the synthetic indicators of development. Romania and Bulgaria occupy the last two\r\nplaces in terms of development among the 27 EU member states, but they also register the lowest\r\nvalues for institutional quality. The quality of the institutional framework is strongly dependent on\r\naspects such as: property rights (including intellectual property), illegal payments and bribe, the\r\nindependence of justice, the efficiency of the legal framework, the quality of political leadership, the\r\ncapacity of economic and social actors to exert pressure to eliminate and change inadequate\r\ninstitutions, the quality of the connection between institutions and the organizations that are meant\r\nto supervise it....
This paper investigates the production and the development of innovation in relation to its\r\ngeography for Greece relying on the theoretical and empirical argument that economic activity\r\nconcentrates geographically because of scale and proximity effects and that innovation is an\r\nimportant and motivating factor for this concentration. Empirical research shows that\r\neconomic and innovative activities tend to concentrate spatially, and over time a pattern of\r\ngeographical concentration of both production and innovative activities will occur. However,\r\nempirical research also suggests that there are differences in spatial concentration of both\r\ninnovative and economic activities, both across regions and branches of industry. Particularly\r\nfor innovative activities, they tend to be concentrated in few regions, industrial sectors and\r\ntechnological fields.\r\nThe analysis relies on Greek patent records, which have been collected for a period 23 years\r\n(1988-2010). The paper puts more light into an area that has been little studied in Greece.\r\nBased on the geographical origin of patent owners results confirm the theoretical and empirical\r\nargument of both concentration and importance of few regions and cities in the production and\r\nthe development of innovation. The geographical distribution of Greek patents and the\r\nemerging pattern also identify spatial differences and highlight regions and cities of better\r\nperformance. These regions and cities are at the same time the major Greek economic,\r\nindustrial and commercial centers, while most of Greeks live there. Results also show the\r\nesixtence of few exceptions, which are related to specific national features and peculiarities of\r\nthe Greek case....
This paper aims to present the quality of life for employees in Romania and Hungary, emphasizing\r\nthat of the highly qualified employees, according to some academic and business journals in these\r\ntwo countries. The research methodology consisted of a content analysis performed on six\r\nRomanian economic scientific and business journals, three printed and three online, and also on\r\ntwo Hungarian economic journals, one business printed and one scientific online. The content\r\nanalysis grid included criteria such as different dimensions regarding the quality of life for\r\nemployees, the key terms (ideas, phrases) most used for each dimension separately etc. The period\r\nfor journals content analysis was between 1 January 2009 and 30 June 2011. The paper contains a\r\ncase study for each journal, including the abstracts of the most relevant articles on the research\r\ntheme. Concluding, we identified many similarities between Romanian and Hungarian journals\r\nanalysed, the most important is that in all journals the aspects of quality of life for employees are\r\nrarely approached; in addition, the complaints specific to knowledge workers, regarding work\r\nintensity, overload, management style, work-life balance etc., are found only as an exception. On the\r\nother hand, the articles� authors insist on subjects relevant for the economic crisis: decreases of\r\nwages, dismissals etc....
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