Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 4

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  public investment
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Publication available in full text mode
Content available

Venturing Oil Fund Policy Globally

100%
Veggeland N.
Horyzonty Polityki
|
2017
|
vol. 8
|
issue 25
85-94
EN
RESEARCH OBJECTIVE: The systematic global market risk of the type found in the gigantic Norwegian Oil Fund, called “Government Pension Fund – Global (GPF-G),” is discussed at length in this study. The objective is to find out if the risk capital animate ethical venture initiative. In the financial and entrepreneurial literature it has over time become common to relate systematic vulnerability and risk to a long range of factors that might cause imbalance and failure. THE RESEARCH PROBLEM AND METHODS: It is by scholars postulated that risks today related to innovations and unethical and uncontrolled venture capital have a different significance for everyday life from the risks that applied to previous historical eras. It claims that human activity, innovation and technology in advanced political and economic modernity produce as a side-effect risks venturing investment. That demands specialised expertise to access and recognize, and are collective, global, and irreversible in their impact. THE PROCESS OF ARGUMENTATION: To abstain from venturing actions are a way out of the dilemma for the investors. The Norwegian petroleum activity under regulatory management and control is an example of that. The Fund’s revenues have been shrinking lately following the oil prices of the market diving down globally. Perhaps the Norwegian Oil Fund, it is argued, ought to be restructured in a framework of ethics to become less risk exposed in a global financial market perspective, and become more innovative and ethical directed. RESEARCH RESULT: The Norwegian government first transferred capital to the fund in May 1996. By the end of the second quarter of 2017, the fund had received a total of 3,360 billion NOK and amassed a cumulative return of 3,622 billion NOK. The fund generated an annual return of 5.9 percent between 1 January 1998 and the end of the second quarter of 2017. After management costs and inflation, the annual return was 4.0 percent. Norway is invested its oil capital savings mainly in European and U.S. financial markets. In the Norwegian debate on the Oil Fund policy it has also been proposed that the management of the Fund should focus on investments for helping forward entrepreneurship, economic growth and poverty alleviation in developing countries, and ethical management in general. CONCLUSIONS, INNOVATION AND RECOMMENDATIONS: Ethical management of the Norwegian Oil Fund could be exercised in two different manners; by negative exclusion or positive selection. For some years now, in the public debate, it has been recommended that the ethical management should be reoriented from negative screening to innovative positive selection. Instead of excluding companies that violate the decided ethical standards, one should invest only in companies and branches that appear to be, in some sense, an active force for the good on ethical issues.
2
Content available remote

Are catastrophe bonds effective financial instruments in the transport and infrastructure industries? Evidence from international financial markets

86%
Puzzutilo F., Venezia E.
Business and Economic Horizons
|
2018
|
vol. Volume 14
|
issue Issue 2
256-267
EN
We analyse the effectiveness of catastrophe bonds for the financial management of catastrophic risk in the transport and infrastructure industries. We illustrate how these financial instruments are becoming a valuable tool for non-financial firms in the risk management of catastrophic events, supplementing the traditional insurance/reinsurance channel, especially during times of constraints in the insurance industry. We also review cat bond issues sponsored by infrastructure and transport companies, highlighting the usefulness of these structured financial instruments in the management of the catastrophe exposure in these industries. Policy indications are finally given.
3
Publication available in full text mode
Content available

Samorząd terytorialny jako inwestor publiczny w Polsce na tle innych krajów OECD

58%
Wyszkowska D., Wyszkowski A.
Wiadomości Statystyczne. The Polish Statistician
|
2016
|
issue 12
58-69
PL
Sektor samorządowy jest w wielu krajach istotnym inwestorem publicznym. W Polsce udział wydatków inwestycyjnych tego sektora w wydatkach publicznych stanowi ponad 50%. Porównując wydatki inwestycyjne samorządu terytorialnego w Polsce z pozostałymi krajami OECD można stwierdzić, że są one jedne z najwyższych. Celem artykułu jest przedstawienie wielkości oraz kierunków inwestycji sektora samorządowego w Polsce na tle krajów OECD w latach 2007—2013 oraz ich znaczenia w kreowaniu aktywności gospodarczej.
EN
In many countries, the local government sector is an important public investor. In Poland, the share of investment outlays of this sector in public expenses constitutes more than 50%. Comparing the investment expenditure of the local government in Poland with other OECD countries, it can be inferred that the Polish rates are among the highest ones. This article aims at presenting the investment size and direction of the local government sector in Poland compared to the OECD countries in 2007—2013 and their importance in the creation of economic activity.
RU
Сектор местных органов власти во многих странах является важным общественным инвестором. В Польше доля инвестиционных расходов этого сектора в государственных расходах составляет выше 50%. Сопоставление инвестиционных расходов местного самоуправления в Польше с остальными странами ОЭСР показывает, что они являются одними из самых высоких. Целью статьи было представление размера и направлений в области капиталовложений сектора местного самоуправления в Польше на фоне стран ОЭСР в 2007—2013 гг, а также представление значения в создании экономической активности.
4

Mechanizm cyklu koniunkturalnego a „nakręcanie” koniunktury gospodarczej. Doświadczenia lat trzydziestych w XX wieku

51%
Klimiuk Z.
Roczniki Ekonomii i Zarządzania
|
2011
|
vol. 3(39)
49-110
EN
The article analyzes the mechanism of „giving impetus” to economy that was used in the 1930s (the period of the Great Depression). The mechanism was worked out on the level of the theory of economy at the end of the 1920s and the beginning of the 1930s and in a sense was an alternative and a complement for J. M. Keynes’ theory. Representatives of the Austrian School played a significant part in working out this conception. In „giving impetus” to economy a great significance was attached not only to public spending financed by the budget deficit, but also to properly carried out monetary policy. In Poland elements of this conception were used in 1936-1939, when „giving impetus” was closely connected with E. Kwiatkowski, the then Minister of State Treasury, and Deputy Prime Minister responsible for economy, and with the major economic project carried out in that time, that is the Central Industrial Region.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.