This study examines whether innovation-focused place-based policies in Russia, such as science cities, have impacted local development. The authors use unique municipal and firm-level datasets and matching techniques to compare science cities to similar non-science cities. The results show that science cities produce more patents than comparable municipalities, but firms in science cities do not appear more innovative or productive. The authors suggest this may be due to persistence of human capital and knowledge spillovers from scientists who remained in science cities after the Soviet Union's collapse.
We examine the effects of bank deregulation on the spatial dynamics of retail-bank branching, exploiting, much like a quasi-natural experiment, the context of intense liberalization
reforms in Belgium in the late nineties. Using fine-grained data on branch network dynamics within the metropolitan area of Antwerp and advancing novel spatial econometric techniques, we show that these liberalization reforms radically shifted and accelerated branch network dynamics. Entry and exit dynamics substantially intensified, the level change in financial void grew significantly, and bank choice markedly declined. Moreover, all these changes consistently extended (even with greater intensity) after the liberalization peak. However, the immediate and longer-term spatial ramifications of the financial sector liberalization were very distinct. All immediate changes systematically, differentially impacted the poorer and wealthier neighborhoods, disenfranchising the poorer neighbourhoods and favoring their wealthier counterparts. The longer-term e¤ects on spatial patterns of change no longer exhibited this systematic relationship with neighborhood income. We draw out the policy implications of our findings.
This paper analyses the effect of the EU enlargement process on income convergence among regions in the EU and in the Eastern neighbourhood of the EU. The data used is NUTS II regions in the EU and Oblasts' of Russia over the period 1996-2004. The estimation techniques used take into account both regional and spatial heterogeneity. The main findings are that the regional income differences are reduced within EU15. The income convergence within the EU is mainly driven by reductions in the differences across countries rather than by a reduction in regional differences within countries. When differences in initial conditions in the regions are controlled for by fixed regional effects there are strong evidences of convergence among regions in all studied country groups.
Authored by: Fredrik Wilhelmsson
Published in 2009
This report is designed to help social entrepreneurs benchmark their organisation against fellow social enterprises in Sweden. We hope the report can help social enterprises to better place their organisation (e.g. what makes it distinct; readily spot differences and similarities with their peers). The report will also be useful for support organisations and policy makers to obtain an overview of social enterprises in Sweden. If this report can be put to any other good uses, we would be most delighted. Of course a rich database like ours contains many more insights and policy implications, which will soon be published on www.seforis.eu.
In the spring of 2017 there was a sharp growth of protest activity of the population in Russsia, which became the larest outbreak of civic activity after the "swamp" rallies in 2011-2012. This study is an analysis of the features of a new wave of Russian protest and potential in terms of impact on the political system in the country.
This paper argues that new city-regional configurations are emerging and establishing a regional order beyond nation-states, not only as a consequence of certain nationalistic political devolution claims but also due to the economic renewal and nation-state re-scaling trend advocated by the ‘new regionalism’. Based on the author’s findings , which elucidate the distinction between four nationalistic (Scotland, Catalonia, the Basque Country and Iceland) and four non-nationalistic city-region cases (Oresund, Liverpool/Manchester, Dublin and Portland), this paper highlights that there is no single model for city-regions and emphasises that this trend has become increasingly complex due to its wide range of causes: political devolution and nation-state re-scaling processes (Scotland, Catalonia, Basque, Liverpool and Manchester), flow of commuters (Oresund), democratic regeneration (Iceland) and economic renewal (Dublin and Portland).
The paper is concerned with the relationship between labour share and unemployment in the major OECD countries. Special emphasis is put on examining whether the relationship has altered in a manner which can be interpreted as an indication of the weakened bargaining power of labour. The
econometric analysis is based on the use of the theoretical framework which employs the notion of the wage curve as a central analytical tool. The investigation utilises cross-country panel data for twenty OECD countries over the period from 1972 to 2008 and statistical methods suitable for the
examination of non-stationary panels. According to the results, the decline in the labour share, which is apparent in most major OECD countries, is highly likely due, at least partly, to the weakened bargaining power of labour. With a given level of unemployment, the labour share is nowadays lower than before.
We examine the effects of bank deregulation on the spatial dynamics of retail-bank branching, exploiting, much like a quasi-natural experiment, the context of intense liberalization
reforms in Belgium in the late nineties. Using fine-grained data on branch network dynamics within the metropolitan area of Antwerp and advancing novel spatial econometric techniques, we show that these liberalization reforms radically shifted and accelerated branch network dynamics. Entry and exit dynamics substantially intensified, the level change in financial void grew significantly, and bank choice markedly declined. Moreover, all these changes consistently extended (even with greater intensity) after the liberalization peak. However, the immediate and longer-term spatial ramifications of the financial sector liberalization were very distinct. All immediate changes systematically, differentially impacted the poorer and wealthier neighborhoods, disenfranchising the poorer neighbourhoods and favoring their wealthier counterparts. The longer-term e¤ects on spatial patterns of change no longer exhibited this systematic relationship with neighborhood income. We draw out the policy implications of our findings.
This paper analyses the effect of the EU enlargement process on income convergence among regions in the EU and in the Eastern neighbourhood of the EU. The data used is NUTS II regions in the EU and Oblasts' of Russia over the period 1996-2004. The estimation techniques used take into account both regional and spatial heterogeneity. The main findings are that the regional income differences are reduced within EU15. The income convergence within the EU is mainly driven by reductions in the differences across countries rather than by a reduction in regional differences within countries. When differences in initial conditions in the regions are controlled for by fixed regional effects there are strong evidences of convergence among regions in all studied country groups.
Authored by: Fredrik Wilhelmsson
Published in 2009
This report is designed to help social entrepreneurs benchmark their organisation against fellow social enterprises in Sweden. We hope the report can help social enterprises to better place their organisation (e.g. what makes it distinct; readily spot differences and similarities with their peers). The report will also be useful for support organisations and policy makers to obtain an overview of social enterprises in Sweden. If this report can be put to any other good uses, we would be most delighted. Of course a rich database like ours contains many more insights and policy implications, which will soon be published on www.seforis.eu.
In the spring of 2017 there was a sharp growth of protest activity of the population in Russsia, which became the larest outbreak of civic activity after the "swamp" rallies in 2011-2012. This study is an analysis of the features of a new wave of Russian protest and potential in terms of impact on the political system in the country.
This paper argues that new city-regional configurations are emerging and establishing a regional order beyond nation-states, not only as a consequence of certain nationalistic political devolution claims but also due to the economic renewal and nation-state re-scaling trend advocated by the ‘new regionalism’. Based on the author’s findings , which elucidate the distinction between four nationalistic (Scotland, Catalonia, the Basque Country and Iceland) and four non-nationalistic city-region cases (Oresund, Liverpool/Manchester, Dublin and Portland), this paper highlights that there is no single model for city-regions and emphasises that this trend has become increasingly complex due to its wide range of causes: political devolution and nation-state re-scaling processes (Scotland, Catalonia, Basque, Liverpool and Manchester), flow of commuters (Oresund), democratic regeneration (Iceland) and economic renewal (Dublin and Portland).
The paper is concerned with the relationship between labour share and unemployment in the major OECD countries. Special emphasis is put on examining whether the relationship has altered in a manner which can be interpreted as an indication of the weakened bargaining power of labour. The
econometric analysis is based on the use of the theoretical framework which employs the notion of the wage curve as a central analytical tool. The investigation utilises cross-country panel data for twenty OECD countries over the period from 1972 to 2008 and statistical methods suitable for the
examination of non-stationary panels. According to the results, the decline in the labour share, which is apparent in most major OECD countries, is highly likely due, at least partly, to the weakened bargaining power of labour. With a given level of unemployment, the labour share is nowadays lower than before.
The paper studies labour developments in Moldova during transition period. The questions addressed are the size and character of labour market adjustment. Established data sources have been complemented by the results of available surveys to get more precise estimates of the effective employment. Wage data was adjusted for the stock of arrears. We conclude that adjustment to the new market order in Moldova has been done trough prices, which is similar to other FSU countries. Real wages, if adjusted for arrears, amount to only 14% of the pre-transition level. On the other hand, only small labour shedding is observed. Registered unemployment rate is one of the lowest in the FSU and CEE countries. Such way of adjustment has a number of negative consequences, the most important being the phenomenon of unpaid leaves. It appears, that only formal affiliation with enterprise remains, leaving those people effectively unemployed. Survey evidence report double-digit open unemployment rates, with widespread under-employment. With no system of unemployment benefits in place, a substantial number of labour force is involved in survival informal activities.
Authored by: Elena Jarocinska
Published in 2000
Analysis of factors affecting urban per capita housing area in ChinaIJAEMSJORNAL
Housing problems have become one of the hottest topics, influencing people's livelihood and national economy. This paper intends to re-analyze the per capita housing area, which characterizes the residents' happiness index, in order to measure the basic living condition. Taking into account of the large expansion of the floating population in the process of urbanization, we choose “urban resident population” to amend the “registration population”, which is the denominator of the index. We selected the data of residential investment, urban residents' consumption level and residential completion area from 1978 to 2015 to analyze the influence of independent variables on the per capita housing area, we found the volatility of housing price, which reduces the average level of urban per capita housing empirically.
Here is the paper Dr Calzada presented on 8th October at the 'Smart City-Regional Governance' International Conference at the University of Vrije, Centre for Urban Studies/Research, in Brussels.
This paper explores wage and income disparities in 14 EU member states during 1994–2001 by using the ECHP data. The results reveal that there are noticeable differences in wages across EU countries measured at both gross and net level. There is no evidence for wage convergence across countries over the period, which indicates that if convergence does exists, the process is rather slow. There are remarkable differences in the income levels across 14 EU member states. Within countries, however, income disparities seem to have declined in most cases. By using household-level data it is also possible to estimate a Gini coefficient at the level of the European Union. This enables us to compare income disparities between the United States and the EU. Based on the results, income disparities across households in the European Union are substantially smaller than those in the US.
Ecb working paper 242 public sector efficiency an international comparisonPiet De Pauw
This paper compares the efficiency of the different states. This comparison is relative. States with the highest degree of freedom seem to have the highest efficiency.
We examine the effect of job displacement on regional mobility using linked employer-employee panel data for the 1995-2014 period. We also study whether displaced movers obtain earnings and employment gains compared to displaced stayers. The results show that job displacement increases the migration probability by ~70%. However, social capital in a region and housing characteristics decrease the propensity to move, indicating that people do not make the migration decisions solely based on short-term economic incentives. Migration has an immediate negative relationship with earnings, but the link diminishes as time passes and eventually turns positive for men. The link between migration and employment is nevertheless positive and persistent for both genders.
The year 2014 was remarkable for the European Union with regards to how city-regional 'small nations' (Keating, 2014) engaged in democratic experimentation on the right to decide their future beyond their referential nation-states. Key examples include Scotland's and Catalonia's pursuits of independence from the United Kingdom and Spain, respectively. A similar situation occurred in the Basque Country as a consequence of the region increasingly overcoming the political violence that dominated the previous era. There, a democratic debate regarding devolution, constitutional change, independence, and new political relationship with nation-state Spain has arisen (Calzada & Bildarratz, 2015). Regardless the political outcomes, consequences, and meanings in the three aforementioned small nations, the differences in each case's political culture and history are noteworthy. Even more notable are their different means of accommodating a new strategic city-regional governance pathway (Herrschel, 2014) through implicit social innovation processes. Social innovation processes (Moulaert, 2013) depict the way in which stakeholders in a given city-regional small nation -such as political parties, social movements, corporate powers, and media, among others- are led in one direction or another as a whole. To what extent is the starting point of the devolution for each city-regional small nation similar according to its governance, history, and policies? What are the potential political scenarios for each city-regional small nation as a result of the de/recentralisation attitude of its referential nation-states? What are the most relevant strategic social innovation processes occurring in each case? This paper aims to benchmark how the Basque Country, Catalonia and Scotland are strategically moving forward beyond their referential nation-states in a diverse way by formulating devolution and even independence in unique terms, as a consequence of the dynamics between stakeholders in each location. This paper is part of a broader research project entitled 'Benchmarking Future City- Regions’.
Россия значительно улучшила свое положение в глобальных цепочках добавленной стоимости (global value chains или GVC) с середины 1990-х годов, говорилось в исследовании ЕЦБ, опубликованном прошлым летом. Авторы рассматривали изменения, произошедшие в период с 1995 по 2011 год.
The recent focus on impact evaluation within development economics has lead to increased pressure on aid agencies to provide "hard evidence", i.e. results from randomized controlled trials (RCTs), to motivate how they spend their money. In this paper I argue that even though RCTs can help us better understand if some interventions work or not, it can also reinforce an existing bias towards focusing on what generates quick, immediately verifiable and media-packaged results, at the expense of more long term and complex processes of learning and institutional development. This bias comes from a combination of public ignorance, simplistic media coverage and the temptation of politicians to play to the simplistic to gain political points and mitigate the risks of bad publicity. I formalize this idea in a simple principal-agent model with a government and an aid agency. The agency has two instruments to improve immediately verifiable outcomes; choose to spend more of the resources on operations rather than learning or select better projects/programs. I first show that if the government cares about long term development, then incentives will be moderated not to push the agency to neglect learning. If the government is impatient, though, then the optimal contract leads to stronger incentives, positively affecting the quality of projects/programs but also negatively affecting the allocation of resources across operations and learning. Finally, I show that in the presence of an impatient government, then the introduction of a better instrument for impact evaluation, such as RCTs, may actually decrease aid effectiveness by motivating the government to chose even stronger incentives.
This paper examines the determinants of the job search intensity of unemployed job seekers in three Nordic countries: Denmark, Finland and Norway. For this purpose we use data from a survey carried out in the three countries in 1998 by means of a common questionnaire. For each country we study two samples; a stock sample consisting of individuals still unemployed at the time they were interviewed and a flow sample including the job seekers who had left unemployment when interviewed. The analysis concerns two decisions: i) whether or not to search, and ii) given positive search, the magnitude of the search effort. In addition to individual characteristics, the explanatory variables are participation in labour market programmes, unemployment benefits, attitudes to work, individual consequences of unemployment and the demand situation in the local labour market. We find rather big differences between the countries with respect to the relative importance of the determinants of job search intensity. Some common features are: Positive work attitudes are positively related to job search. Those reporting economic problems as a consequence of their unemployment search more intensively than others. In Finland and Norway, unemployment benefit recipients are more likely to search actively than non-claimants, whereas in Denmark the groups do not differ. A positive impact is consistent with non-claimants being less attached to the labour market.
The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labour productivity, also the extent of interconnectedness of business services with upstream industries is important to explain service-based economic growth.
The analysis yields two interesting results. Firstly, the authors show that patterns of industrial interconnectedness of business services are considerably diversified across the EU Member States indicating large differences in the integration of services as supplier with other sectors on a country level. Secondly they show that the diversified growth performance of business services across the EU25 countries can be explained by differences in labour productivity and differences in forward linkages.
The results indicate the fundamental role of business services as the main engine of growth in the European economy. This service-based growth is channelled mainly through increases in labour productivity and forward interconnectedness of services with downstream industries.
On the policy making level the results indicate that investment in human and intangible capital are crucial for the service-dominated economy as they not only enhance economic growth inside knowledge intensive services but also facilitate transmission of growth impulses to downstream industries by increasing diffusion and integration of services as suppliers of high value added inputs to the economy.
Authored by: Maciej Sobolewski, Grzegorz Poniatowski
Published in 2013
This paper analyses the spatial distribution of economic activity in the European Union at NUTS2 level over the 2001-2010 period. The aim of the study is twofold: (i) to provide descriptive evidence of the agglomeration distribution in Europe and its evolution over time across countries; (ii) to identify the nature of agglomeration and the factors that determine its level, with particular attention paid to the socio-ecological transformation occurring in Europe.
The study concludes that: a) the changes in agglomeration are sensitive to demographic transformations taking place; b) the ecological transformation has a mixed effect, depending on each country; c) significant differences are observed between new and old Member States; the crisis has had a significant influence on agglomeration but only in Western Europe.
Authored by: Izabela Styczynska and Constantin Zaman
Karsten Staehr. Minimum Wages and the Wage Distribution in EstoniaEesti Pank
Open seminar, Eesti Pank
20 September 2016
All opinions personal!
Simona Ferraro, Jaanika Meriküll & Karsten Staehr (2016): “Minimum wages and the wage distribution in Estonia”, Working Papers of Eesti Pank, no. 6/2016
The paper studies labour developments in Moldova during transition period. The questions addressed are the size and character of labour market adjustment. Established data sources have been complemented by the results of available surveys to get more precise estimates of the effective employment. Wage data was adjusted for the stock of arrears. We conclude that adjustment to the new market order in Moldova has been done trough prices, which is similar to other FSU countries. Real wages, if adjusted for arrears, amount to only 14% of the pre-transition level. On the other hand, only small labour shedding is observed. Registered unemployment rate is one of the lowest in the FSU and CEE countries. Such way of adjustment has a number of negative consequences, the most important being the phenomenon of unpaid leaves. It appears, that only formal affiliation with enterprise remains, leaving those people effectively unemployed. Survey evidence report double-digit open unemployment rates, with widespread under-employment. With no system of unemployment benefits in place, a substantial number of labour force is involved in survival informal activities.
Authored by: Elena Jarocinska
Published in 2000
Analysis of factors affecting urban per capita housing area in ChinaIJAEMSJORNAL
Housing problems have become one of the hottest topics, influencing people's livelihood and national economy. This paper intends to re-analyze the per capita housing area, which characterizes the residents' happiness index, in order to measure the basic living condition. Taking into account of the large expansion of the floating population in the process of urbanization, we choose “urban resident population” to amend the “registration population”, which is the denominator of the index. We selected the data of residential investment, urban residents' consumption level and residential completion area from 1978 to 2015 to analyze the influence of independent variables on the per capita housing area, we found the volatility of housing price, which reduces the average level of urban per capita housing empirically.
Here is the paper Dr Calzada presented on 8th October at the 'Smart City-Regional Governance' International Conference at the University of Vrije, Centre for Urban Studies/Research, in Brussels.
This paper explores wage and income disparities in 14 EU member states during 1994–2001 by using the ECHP data. The results reveal that there are noticeable differences in wages across EU countries measured at both gross and net level. There is no evidence for wage convergence across countries over the period, which indicates that if convergence does exists, the process is rather slow. There are remarkable differences in the income levels across 14 EU member states. Within countries, however, income disparities seem to have declined in most cases. By using household-level data it is also possible to estimate a Gini coefficient at the level of the European Union. This enables us to compare income disparities between the United States and the EU. Based on the results, income disparities across households in the European Union are substantially smaller than those in the US.
Ecb working paper 242 public sector efficiency an international comparisonPiet De Pauw
This paper compares the efficiency of the different states. This comparison is relative. States with the highest degree of freedom seem to have the highest efficiency.
We examine the effect of job displacement on regional mobility using linked employer-employee panel data for the 1995-2014 period. We also study whether displaced movers obtain earnings and employment gains compared to displaced stayers. The results show that job displacement increases the migration probability by ~70%. However, social capital in a region and housing characteristics decrease the propensity to move, indicating that people do not make the migration decisions solely based on short-term economic incentives. Migration has an immediate negative relationship with earnings, but the link diminishes as time passes and eventually turns positive for men. The link between migration and employment is nevertheless positive and persistent for both genders.
The year 2014 was remarkable for the European Union with regards to how city-regional 'small nations' (Keating, 2014) engaged in democratic experimentation on the right to decide their future beyond their referential nation-states. Key examples include Scotland's and Catalonia's pursuits of independence from the United Kingdom and Spain, respectively. A similar situation occurred in the Basque Country as a consequence of the region increasingly overcoming the political violence that dominated the previous era. There, a democratic debate regarding devolution, constitutional change, independence, and new political relationship with nation-state Spain has arisen (Calzada & Bildarratz, 2015). Regardless the political outcomes, consequences, and meanings in the three aforementioned small nations, the differences in each case's political culture and history are noteworthy. Even more notable are their different means of accommodating a new strategic city-regional governance pathway (Herrschel, 2014) through implicit social innovation processes. Social innovation processes (Moulaert, 2013) depict the way in which stakeholders in a given city-regional small nation -such as political parties, social movements, corporate powers, and media, among others- are led in one direction or another as a whole. To what extent is the starting point of the devolution for each city-regional small nation similar according to its governance, history, and policies? What are the potential political scenarios for each city-regional small nation as a result of the de/recentralisation attitude of its referential nation-states? What are the most relevant strategic social innovation processes occurring in each case? This paper aims to benchmark how the Basque Country, Catalonia and Scotland are strategically moving forward beyond their referential nation-states in a diverse way by formulating devolution and even independence in unique terms, as a consequence of the dynamics between stakeholders in each location. This paper is part of a broader research project entitled 'Benchmarking Future City- Regions’.
Россия значительно улучшила свое положение в глобальных цепочках добавленной стоимости (global value chains или GVC) с середины 1990-х годов, говорилось в исследовании ЕЦБ, опубликованном прошлым летом. Авторы рассматривали изменения, произошедшие в период с 1995 по 2011 год.
The recent focus on impact evaluation within development economics has lead to increased pressure on aid agencies to provide "hard evidence", i.e. results from randomized controlled trials (RCTs), to motivate how they spend their money. In this paper I argue that even though RCTs can help us better understand if some interventions work or not, it can also reinforce an existing bias towards focusing on what generates quick, immediately verifiable and media-packaged results, at the expense of more long term and complex processes of learning and institutional development. This bias comes from a combination of public ignorance, simplistic media coverage and the temptation of politicians to play to the simplistic to gain political points and mitigate the risks of bad publicity. I formalize this idea in a simple principal-agent model with a government and an aid agency. The agency has two instruments to improve immediately verifiable outcomes; choose to spend more of the resources on operations rather than learning or select better projects/programs. I first show that if the government cares about long term development, then incentives will be moderated not to push the agency to neglect learning. If the government is impatient, though, then the optimal contract leads to stronger incentives, positively affecting the quality of projects/programs but also negatively affecting the allocation of resources across operations and learning. Finally, I show that in the presence of an impatient government, then the introduction of a better instrument for impact evaluation, such as RCTs, may actually decrease aid effectiveness by motivating the government to chose even stronger incentives.
This paper examines the determinants of the job search intensity of unemployed job seekers in three Nordic countries: Denmark, Finland and Norway. For this purpose we use data from a survey carried out in the three countries in 1998 by means of a common questionnaire. For each country we study two samples; a stock sample consisting of individuals still unemployed at the time they were interviewed and a flow sample including the job seekers who had left unemployment when interviewed. The analysis concerns two decisions: i) whether or not to search, and ii) given positive search, the magnitude of the search effort. In addition to individual characteristics, the explanatory variables are participation in labour market programmes, unemployment benefits, attitudes to work, individual consequences of unemployment and the demand situation in the local labour market. We find rather big differences between the countries with respect to the relative importance of the determinants of job search intensity. Some common features are: Positive work attitudes are positively related to job search. Those reporting economic problems as a consequence of their unemployment search more intensively than others. In Finland and Norway, unemployment benefit recipients are more likely to search actively than non-claimants, whereas in Denmark the groups do not differ. A positive impact is consistent with non-claimants being less attached to the labour market.
The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labour productivity, also the extent of interconnectedness of business services with upstream industries is important to explain service-based economic growth.
The analysis yields two interesting results. Firstly, the authors show that patterns of industrial interconnectedness of business services are considerably diversified across the EU Member States indicating large differences in the integration of services as supplier with other sectors on a country level. Secondly they show that the diversified growth performance of business services across the EU25 countries can be explained by differences in labour productivity and differences in forward linkages.
The results indicate the fundamental role of business services as the main engine of growth in the European economy. This service-based growth is channelled mainly through increases in labour productivity and forward interconnectedness of services with downstream industries.
On the policy making level the results indicate that investment in human and intangible capital are crucial for the service-dominated economy as they not only enhance economic growth inside knowledge intensive services but also facilitate transmission of growth impulses to downstream industries by increasing diffusion and integration of services as suppliers of high value added inputs to the economy.
Authored by: Maciej Sobolewski, Grzegorz Poniatowski
Published in 2013
This paper analyses the spatial distribution of economic activity in the European Union at NUTS2 level over the 2001-2010 period. The aim of the study is twofold: (i) to provide descriptive evidence of the agglomeration distribution in Europe and its evolution over time across countries; (ii) to identify the nature of agglomeration and the factors that determine its level, with particular attention paid to the socio-ecological transformation occurring in Europe.
The study concludes that: a) the changes in agglomeration are sensitive to demographic transformations taking place; b) the ecological transformation has a mixed effect, depending on each country; c) significant differences are observed between new and old Member States; the crisis has had a significant influence on agglomeration but only in Western Europe.
Authored by: Izabela Styczynska and Constantin Zaman
Karsten Staehr. Minimum Wages and the Wage Distribution in EstoniaEesti Pank
Open seminar, Eesti Pank
20 September 2016
All opinions personal!
Simona Ferraro, Jaanika Meriküll & Karsten Staehr (2016): “Minimum wages and the wage distribution in Estonia”, Working Papers of Eesti Pank, no. 6/2016
Moscow > Candidate for IASP 2016 > SkolkovoRocketmind
Moscow won the right to host the International Congress of the Association of industrial parks IASP in 2016 > Rocketmind has developed a presentation for the team
Innovación incipiente en economías emergentes: ¿puede traspasar Rusia sus bar...Fundación Ramón Areces
Innovación incipiente en economías emergentes: ¿puede traspasar Rusia sus barreras históricas?
Sheila Puffer, Northeastern University, Boston, EE.UU.
Madrid, 16 de enero de 2012.
Ciclo de conferencias 'Actividad empresarial y crecimiento: una perspectiva internacional' En colaboración con el IE Business School
This year marks the 25 year anniversary of the breakup of the Soviet Union. Countries in the region display wide variety in their progress towards market economies with democratic political systems and strong and independent judicial institutions. There are many reasons brought up in the literature for these differences in outcomes, such as initial conditions, a history of democracy and EU integration. The main point, though, is that transition is still an unfinished business in parts of the region. Furthermore, the lessons learned from the region’s experience, and the subfield of economics that emerged from the transition experience, is also increasingly seen as relevant for understanding global challenges with economic and political transitions, as for instance seen in the Middle East and North Africa region. The consequences of the unfinished transition is particularly pertinent today, with economic, political and demographic challenges also spilling into global geo-political tensions and frictions within the European Union.
The Stockholm Institute of Transition Economics will host an academic conference at the Stockholm School of Economics to bring together researchers with an interest in transition economics, broadly defined, to contribute to a scholarly debate on the current state of transition, transition economics and the implications for the future of the region and its global implications. Among already confirmed speakers are Gerard Roland, Konstantin Sonin, Erik Berglöf, Anders Åslund, Ruben Enikolopov, John Earle, Guido Friebel, and Leonid Polischuk.
Read more: https://www.hhs.se/site
presentation for augmented reality. ,It consists of introduction, working, components of AR, applications, limitations, recent development and conclusion. all the best for your presentation
Scenarios - approaches for exploring urban futures Ian Miles
Presentation to "future of cities" network, explaining diofferent types of scenario and describing work undertaken in context of Greater Manchester 2040+ see http://www.gm2040.com/ for more
Science, Technology and Innovation Outlook 2016 - EC/OECD Launch eventinnovationoecd
European Commission/OECD event - Launch of OECD Science, Technology and Innovation Outlook 2016
8 December 2016, EC Covent Garden, Auditorium Nowotny, Place Charles Rogier 16, 1210 Brussels.
The OECD's biennial publication of the Science, Technology and Industry Outlook "OECD STI Outlook" reviews key global trends in science, technology and innovation (STI) policies and performance in OECD countries and other major international economies. Through comparative analysis, it informs policy makers about recent and anticipated changes in global patterns of STI and their possible implications for national science and innovation policies.
Since 2015 the OECD and the European Commission pursue a joint approach in support of innovation policy through their "International Survey on Science, Technology and Innovation Policies". Unique in nature, coverage and scope, this common survey streamlines data collection and develops a coordinated approach in support of better informed innovation policy making. Its results feed into the country-based policy information in the STI Outlook.
Intelelctual Capital of Polish CountiesJan Fazlagić
This paper on Intelelctual Capital of Polish counties was presented at the 11th International Conference on IC of Nations at University of Sud Paris, on 29 May 2015.
Peeling off the Layers on Knowledge Networks in terms of Collaboration and Co...Han Woo PARK
• Invited speaker, Manchester Institute of Innovation Research, Manchester Business School, The University of Manchester, Manchester, United Kingdom, 17 February, 2009
Presented by Anastasia Luzgina during the conference "Belarus at the crossroads: The complex role of sanctions in the context of totalitarian backsliding" on April 23, 2024.
Presented by Erlend Bollman Bjørtvedt during the conference "Belarus at the crossroads: The complex role of sanctions in the context of totalitarian backsliding" on April 23, 2024.
Presented by Dzimtry Kruk during the conference "Belarus at the crossroads: The complex role of sanctions in the context of totalitarian backsliding" on April 23, 2024.
Presented by Lev Lvovskiy during the conference "Belarus at the crossroads: The complex role of sanctions in the context of totalitarian backsliding" on April 23, 2024.
Presented by Chloé Le Coq, Professor of Economics, University of Paris-Panthéon-Assas, Economics and Law Research Center (CRED), during SITE 2023 Development Day conference.
This year’s SITE Development Day conference will focus on the Russian war on Ukraine. We will discuss the situation in Ukraine and neighbouring countries, how to finance and organize financial support within the EU and within Sweden, and how to deal with the current energy crisis.
This year’s SITE Development Day conference will focus on the Russian war on Ukraine. We will discuss the situation in Ukraine and neighbouring countries, how to finance and organize financial support within the EU and within Sweden, and how to deal with the current energy crisis.
The (Ce)² Workshop is organised as an initiative of the FREE Network by one of its members, the Centre for Economic Analysis (CenEA, Poland) together with the Centre for Microdata Methods and Practice (CeMMAP, UK). This will be the seventh edition of the workshop which will be held in Warsaw on 27-28 June 2022.
The (Ce)2 workshop is organised as an initiative of the FREE Network by one of its members, the Centre for Economic Analysis (CenEA, Poland) together with the Centre for Microdata Methods and Practice (CeMMAP, UK). This will be the seventh edition of the workshop which will be held in Warsaw on 27-28 June 2022.
The (Ce)2 workshop is organised as an initiative of the FREE Network by one of its members, the Centre for Economic Analysis (CenEA, Poland) together with the Centre for Microdata Methods and Practice (CeMMAP, UK). This will be the seventh edition of the workshop which will be held in Warsaw on 27-28 June 2022.
The (Ce)2 workshop is organised as an initiative of the FREE Network by one of its members, the Centre for Economic Analysis (CenEA, Poland) together with the Centre for Microdata Methods and Practice (CeMMAP, UK). This will be the seventh edition of the workshop which will be held in Warsaw on 27-28 June 2022.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
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This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Nike Supply Chain
Globalization of Nike
Nike Manufacturing Process
Rubber Materials Nike
Ethylene Vinyl Acetate Nike
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Cotton in Nike Apparel
Nike Shops Worldwide
Nike Manufacturing Countries
Cold Cement Assembly Nike
3D Printing Nike Shoes
Nike Product Development
Nike Marketing Strategies
Nike Customer Feedback
Nike Distribution Centers
Automation in Nike Manufacturing
Nike Consumer Direct Acceleration
Nike Logistics and Transport
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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Are science cities fostering firm innovation? Evidence from Russian regions
1. Introduction Background Data Methodology Results Conclusion
Are science cities fostering innovation?
Evidence from Russia
Helena Schweiger1 Alexander Stepanov1 Paolo Zacchia2
1EBRD
2IMT Lucca
SITE Academic Conference: 25 years of transition, Stockholm,
5 December 2016
2. Introduction Background Data Methodology Results Conclusion
Motivation
Innovation is a key driver of economic growth
Innovation tends to be spatially clustered (spillovers)
If innovation is an externality, what role for the government?
Either indirect (incentives) or direct (investment)
Both approaches can be place-based. A classical example is
the Silicon Valley, tracing roots in U.S. military investment
Their effect is difficult to evaluate
In Russia, a debate of particular relevance:
Innovation is essential to diversify the economy
Russia possesses excellent human capital resources as well as a
tradition of localized R&D policies: science cities
Assessing their effect is crucial to formulate growth policies
3. Introduction Background Data Methodology Results Conclusion
Research question
Question
Do innovation-focused place-based policies have an impact on local
development? What is their effect on innovation and productivity,
both at the municipal and firm level?
Contribution
1 First paper to evaluate the legacy of“innovation enclaves”in
the former Soviet Union on innovation in present-day Russia
2 We assess the impact on science cities both at the municipal
and at the firm level, employing two unique datasets
3 Municipal level data: a combination of geographical, historical
and present characteristics of Russian municipalities
4 Firm-level data from BEEPS V: new and accurate measures of
product and process innovation
4. Introduction Background Data Methodology Results Conclusion
Preview of the results
Methodology
We employ a variety of matching methods to correct for:
the selection bias due to the government’s choice of location;
the self-selection of firms into science cities.
Main Results
1 Today’s science cities are responsible for larger patent
production than otherwise similar“ordinary”municipalities
2 No evidence that, all else equal, firms in science cities are
different from firms in otherwise similar“ordinary”
municipalities
5. Introduction Background Data Methodology Results Conclusion
Related literature
1 (Localised) knowledge spillovers:
Jaffe et al. (1993), Moretti (2004, 2011), Bloom, Schankerman
and Van Reenen (2013), Lychagin et al. (forthcoming)
2 Evaluation of place-based policies:
Short-run: Neumark and Kolko (2010), Ham et al. (2011),
Albouy (2012), Busso et al. (2013), Wang (2013)
Long-run: Kline and Moretti (2014), Ivanov (2016)
3 Knowledge-focused place-based policies:
Felsenstein (1994), Westhead (1997), Siegel et al. (2003),
Yang et al. (2009), Falck et al. (2010)
4 Military and R&D:
Moretti, Steinwander and Van Reenen (2015)
6. Introduction Background Data Methodology Results Conclusion
Innovation system in the Soviet Union
Best resources were allocated to sectors considered vital for
national security, military (2/3 of R&D spending)
Model: special-regime enclaves aimed at fostering innovation
Main research areas, in order of relevance:
Aviation, rocket and space science
Nuclear physics
Electronics, mechanics
Chemistry and chemical physics
Biology and biochemistry
Civilian applications of technological advances were limited
(example: lag in personal computer development in late years)
7. Introduction Background Data Methodology Results Conclusion
Innovation system in the Soviet Union (cont.)
1 Early 1930s: Experimental Design Bureaus (sharashki), part
of the Soviet Gulag labour camp system
2 From mid-1930s: Science cities – localities with high
concentration of R&D facilities
About 2/3 established in existing cities/settlements, the rest
built from scratch
Those whose main objective was to develop nuclear weapons,
missile technology, aircraft and electronics, were closed,
represented only on classified maps, to maintain security and
privacy
Academic towns, to foster development of Siberia
9. Introduction Background Data Methodology Results Conclusion
Innovation system in Soviet Union/Russia
Soviet Union
R&D spending as % of GDP considerable, remarkable successes
were achieved but: no competition, lack of quality resources in the
civil economy, and bias towards large-scale projects, non-existent
small enterprise sector
Russia
Public funding dried up with the collapse of the Soviet Union.
Today: R&D spending much lower, almost 3/4 of R&D conducted
by public organisations, funded mainly from the federal budget
State programs designed to support economic development and
modernization via technological innovation and commercialization of
innovation since the early 1990s.
Science cities, innovation technology centres, technology parks,
incubators, Special Economic Zones, Skolkovo
10. Introduction Background Data Methodology Results Conclusion
Three unique, interconnected datasets
1 Database with information on science cities, based on
Aguirrechu (2009) and publicly available information
2 Firm-level data at the plant level from the BEEPS V survey,
including the novel innovation module.
37 Russian regions, 4220 face-to-face interviews conducted
between August 2011 and October 2012
Additional information allows more accurate measurement of
product and process innovation
3 Municipal-level data of Soviet/Russian municipal units (raion
level), containing geographical, climate, population,
education, innovation and economy-related data, both historic
and present-day
11. Introduction Background Data Methodology Results Conclusion
Municipal-level database
1 Geographical data: Location of coastline, lakes and rivers,
railroads in 1943, average monthly temperatures 1960-1990,
area of the municipality, GPS coordinates of the centre of
municipality and various distances calculated in QGIS
2 Data on factories, research and design establishments of the
Soviet defence industry from Dexter and Rodionov (2016)
3 Population data from the first post-World War II census
conducted in January 1959
4 Number of higher education institutions in 1959 from De Witt
(1961) and number of R&D institutes in 1959 from various
open sources (primarily Wikipedia)
5 Population with higher education or PhD/doctoral degrees
from 2010 Russian census
6 Patent data from WIPO/EPO/USPTO geolocated patents,
2006-2015
7 Nighttime lights data from NOAA, 1992-1994 and 2009-2011
12. Introduction Background Data Methodology Results Conclusion
Methodology: Summary
Science cities and non-science cities are different in their
observable characteristics
However: selection criteria of the Soviet government were
arguably not very much influenced by market forces or internal
political considerations
Less potential for bias(es) caused by unobservable factors
To account for differences in the observables, we employ
matching techniques:
1 For the municipal analysis, we use stratification and nearest
neighbour propensity score matching
2 For the firm-level analysis, we argue that coarsened exact
matching (CEM) is preferable due to two-way selection
13. Introduction Background Data Methodology Results Conclusion
Matching municipalities
Ideal quasi-experiment for the municipal analysis: compare
places that were chosen to become science cities (Dc = 1)
against those that were marginally discarded (Dc = 0)
In this case: ATT = long-run effect
We match municipalities on a mix of historical and geographic
variables using two alternative methods of propensity score
matching:
Stratification matching
Nearest neighbour matching
14. Introduction Background Data Methodology Results Conclusion
Matching municipalities (cont.)
Set of observable characteristics Xc for matching:
Geographical/climate characteristics: average temperature in
January and July; altitude; longitude, latitude; access to and
distance from lake, river and coast; distance from border; area
of the municipality
Historic characteristics: population in 1959; access to and
distance from railroad in 1943; number of higher education
institutions in 1959; number of scientific R&D institutions in
1947; number of defence plants (except R&D) in 1947
Main outcomes of interest Yc:
Total and fractional patents
Nighttime lights, 2009-2011
Total population, population with higher education and
population with PhD and doctoral degrees from the 2010
Russian Census
15. Introduction Background Data Methodology Results Conclusion
Matching firms in municipalities
Firm-level analysis: a two-way (dual) selection problem
Firm location choice is endogenous. Preference for science
city location Dic changes with firm characteristics Zic
But firms also choose over other municipal characteristics Xc,
which co-vary with Dic
Thus: simply matching over Zic is biased. Group differences
may be due to differences in Xc (e.g. population, education)
rather than science city status Dic
Further complications: a. Zic poorly predicts Dic, while b. Xc
identically predicts it for firms in the same city c
Common support issues, propensity score matching techniques
underperform
16. Introduction Background Data Methodology Results Conclusion
Matching firms in municipalities (cont.)
We apply CEM over both Xc and Zic: similar firms in similar
cities
Iacus, King and Porro (2009, 2011, 2015), King and Nielsen
(2016) argue for CEM against propensity score matching
In particular, propensity score matching weak when the
propensity score model has little power
Covariates employed for CEM:
Firm-level characteristics Zic : Size, age, foreign and/or state
controlled, market scope (local, national, international), % of
university educated employees, manufacturing/retail dummy
Municipal-level characteristics Xic : Population in 2010,
Postgraduate population in 2010, Fractional patents
We force exact matching within administrative divisions
Outcomes Wic: 1. innovation and 2. productivity measures
1 BEEPS innovation module: product and/or process innovation
dummies, R&D dummy, innovation-dependent share of sales.
2 Solow residual / TFP, raw labor productivity
17. Introduction Background Data Methodology Results Conclusion
Matching municipalities: Common support
(pre-matching)
19. Introduction Background Data Methodology Results Conclusion
Municipal-level results: Stratification matching
(1) (2) (3) (4) (5) (6)
All Frac. Night Population Graduates PhD
patents patents lights 2010 2010 2010
ATT 32.77*** 11.82*** 6.141*** 30589.2 8212.4 186.6
(10.02) (4.471) (2.110) (31801.1) (8824.0) (234.3)
Anal. S.E. [9.87] [4.36] [2.13] [30957.72] [8188.28] [230.41]
Raw Diff. 37.11 13.57 23.71 79894.37 22509.07 596.18
N. Treated 70 70 70 70 70 70
N. Controls 1399 1399 1399 1399 1399 1399
Notes: Bootstrapped standard errors in parentheses. * = significant at the 10% level, ** = significant at the 5%
level, *** = significant at the 1% level.
20. Introduction Background Data Methodology Results Conclusion
Municipal-level results: Nearest neighbour matching
(1) (2) (3) (4) (5) (6)
All Frac. Night Population Graduates PhD
patents patents lights 2010 2010 2010
ATT 34.47*** 11.55** 7.193** -3087.8 -143.8 -36.21
(10.14) (4.513) (3.641) (43328.9) (11779.2) (331.1)
Anal. S.E. [9.92] [4.40] [3.74] [46529.55] [12294.66] [349.96]
Raw Diff. 37.11 13.57 23.71 79894.37 22509.07 596.18
N. Treated 73 73 73 73 73 73
N. Controls 60 60 60 60 60 60
Notes: Bootstrapped standard errors in parentheses. * = significant at the 10% level, ** = significant at the 5%
level, *** = significant at the 1% level.
21. Introduction Background Data Methodology Results Conclusion
Firm-level results
Solow
Residual
Labor
Productiv.
R&D
Dummy
Innovation
Dummy
Product
Innovation
Dummy
Process
Innovation
Dummy
Innovation
Share of
Sales
(1)
ATT -0.019 0.068 -0.014 -0.020 -0.021 -0.001 0.280
(0.025) (0.096) (0.024) (0.033) (0.028) (0.027) (1.008)
M 1494 1517 2154 2154 2154 2154 2113
(2)
ATT -0.014 0.035 -0.007 -0.011 -0.021 0.010 0.477
(0.030) (0.115) (0.027) (0.037) (0.032) (0.030) (1.124)
M 1205 1222 1711 1711 1711 1711 1676
(3)
ATT 0.031 0.141 -0.061 -0.039 -0.007 -0.001 -0.854
(0.038) (0.168) (0.049) (0.040) (0.033) (0.039) (1.685)
M 401 404 543 543 543 543 534
(4)
ATT 0.041 -0.282 0.036 0.009 0.027 -0.009 -2.014
(0.051) (0.332) (0.060) (0.049) (0.037) (0.032) (2.278)
M 74 76 99 99 99 99 98
Notes: * = significant at the 10% level, ** = significant at the 5% level, *** = significant at the 1% level. ATT
effects are calculated via weighted OLS, with weights associated to CEM-imputed strata, and by restricted sample
to observations belonging to matched stata following Iacus, King and Porro (2009, 2011). The size of the restricted
sample is denoted as M. Standard errors are clustered by municipality. Each set of results (1)-(4) is obtained by
applying a different CEM algorithm:
(1) CEM on all firm-level characteristics Zic (size, age, foreign and/or state controlled, market scope – local,
national or international, manufacturing/retail dummy, % of university educated employees);
(2) CEM on all firm-level characteristics Zic , on modern municipal characteristics in Xc (fractional patents,
population, PhD population) and on the number of R&D institutions from Soviet times;
(3) CEM as above in (2), forcing exact matching on the larger Russian economic regions;
(4) CEM as above in (2), forcing exact matching on Russian regions (e.g. oblast, krai).
Coarsening measures for the continuous variables in the dataset are available upon request.
22. Introduction Background Data Methodology Results Conclusion
Conclusion: Summary
Science cities are more innovative: they produce more patents,
ceteris paribus
They still present a stronger concentration of R&D activities
despite the withdrawal of much of governmental support
Firms in science cities, however, no more likely to innovate
and do not seem to be more productive or profitable ⇒
understanding why is crucial for policy
23. Introduction Background Data Methodology Results Conclusion
Conclusion: Mechanisms
Mechanism: it is difficult to distinguish between: a. direct
government intervention, b. persistence of human capital, c.
knowledge spillovers
Ideas to motivate a story about a combination of b. and c.:
Low interregional mobility, significant part of worker
compensation paid in kind
Substantial brain drain of scientists, researchers and engineers
after the collapse of the Soviet Union
However, many stayed in Russia, but left science and pursued
other career options, including opening a business
⇒ Knowledge spillovers upon transition to a market economy
Any explanation should address why innovation advantages do
not transfer into productivity or broader economic advantages
(institutional problems: the usual culprit)