Udo Broll, Antonio Roldan-Ponce
Public-private joint venture, investment and economic development
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 125-132
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Public-private joint ventures are institutional forms chosen by local governments and city authorities to attract capital investment. In this paper we describe an economic set-up where a company decides on the volume of investment and the local authorities offer a package specifying sharing rules and taxes by a public-private joint venture. Such sharing rules can be designed to enhance the level of investment under the presence of distortions to stimulate economic development in the region. This might be important for Eastern European countries in transition in the case of foreign investments. In general, public-private joint venture contracts lead to efficient outcomes. However, we also provide an example in which a joint contract might not work. Key words: Economic development, investment, public-private joint venture, regional policy, European integration. |
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Valeriy Galasyuk, Mariya Soroka, Victor Galasyuk
The G2B theorem of business value growth rate from globalization perspective
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 133-153
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The article brings up a timely problem standing on the edge of economics and mathematics and offers a way to its practical solution. Despite numerous explorations of the mathematical side of the problem [1–5], it has not only remained unresolved in practice, but even fell out of sight of the majority of specialists. Essential economic consequences of its existence forced the authors to conduct a special research aimed at its revealing and mitigation, a part of which is presented in this work. The paper formulates and proves the G2B theorem of business value growth rate. It shows that «greater value grows faster». It substantiates the expediency of capital concentration and stipulates the inevitability of further development of globalization process. The theorem is proved taking into account a«G-hyperbolism» effect, which consists in non-identicalness of the estimates de rived from such comparison criteria, as X−Y and X/Y. The authors put forward a model of «G-hyperbolic leverage» which permits to «manipulate» economic indicators for business value maximization. Key words: Globalization, synergetic effect, merger, business appraisal, business value, theorem of value, theorem of business value growth rate, comparison, indices, G-hyperbolism, G-normalization procedure, G-Hyperbolic Leverage model. |
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Tamara Ostashko
Consequences of WTO membership for transition countries and implications for Ukraine
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 154-166
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The article analyses the consequences of WTO membership for transition countries. The analysis reveals the realization of potential benefits and reduction of risks and threats of WTO membership to be dependent upon a number of economic and political factors and achievable only in combination with them. This applies to growth of foreign direct investments, decline in corruption, and maintenance of a due level of domestic market protection. Key words: Domestic market, transition countries, liberalization of trade and investment regimes, foreign direct investments, aggregate support level, cost of WTO rules implementation. |
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Ivan Korolkov, Olha Shymko
Tendencies of trade development in the transformation economy of Ukraine
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 167-177
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The paper is devoted to topical problems of trade development in the conditions of economic reforms. The attention is focused on the issues of state trade regulation effectiveness and the shortcomings of actual methods of compiling statistics. Key words: Domestic trade, market transformation, state regulation, statistics. |
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Klavdiya Pazizina
Balance of payments and macroeconomic stability in transition economy: a comparative analysis
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 178-208
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The paper studies the dynamics of balance of payments in Ukraine and traces back the origin of its decline. The author analyzes the effect of macroeconomic policy upon internal and external stability with special emphasis on correlation of the balance of payments and the level of monetary reserves. She compares the experience of payment equilibrating in transition economies in the context of practicing it in Ukraine. Key words: Balance of payments, payment equilibrating, current account, capital account and financial account, monetary reserves, macroeconomic policy, macroeconomic stability, actual effective policy, transition economies, direct and portfolio investments. |
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Oleksiy Dzhusov
The application of Dow-investing strategies to investment portfolio composition
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 209-219
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The paper discusses the problems of investing into international fund assets. The author substantiates the expediency of using the Dow-investing strategies in composing an effective investment portfolio and analyses the efficacy of these strategies. The author shows how to apply the Dow-investing strategies when composing an international sector of the investment portfolios of national institutional investors. Key words: International investments, investment portfolio, dividend yield of stocks, market price, portfolio yield, the Dow Jones Industrial Average Index, the US stock market. |
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Oleksandr Sharov
The EU and South Africa: experience of cooperation
Journal of European Economy, Volume 3, Issue 2, June 2004, pp. 220-229
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No abstract |
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