Showing papers in "Economic Thought journal in 2013"
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TL;DR: A review of the pre-history, the process of formation and the possible directions of future development of the theory of monetary circuit can be found in this article, where the main theoretical constructions of Graziany and the other leading representatives of the circuitist school are revealed.
Abstract: The present paper reviews the pre-history, the process of formation and the possible directions of future development of the theory of monetary circuit. The author reveals the main theoretical constructions of Graziany and the other leading representatives of the circuitist school. The principles of derivation of transaction and balance sheet matrices reflecting the main ideas of the theory are discussed. The dynamic variants of the theory as well as the connection between the circuitist approach and the input-output model are subject to examination. The paper studies the possibility the circuitist approach to be further broadened on the basis of the mathematical graphs theory. The author emphasizes that the theory of monetary circuit denies the neoclassical dichotomy and rejects the postulate of the neutrality of money. The opportunity is also offered to upgrade the monetary circuit theory by using the mathematical graph theory. The paper includes also a critical evaluation of the presented theory.
93 citations
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TL;DR: In this paper, the authors present a comprehensive framework for analyzing risk management in the agri-food sector based on the interdisciplinary New Institutional Economics (NIES) and present stages in analysis of risk management for the improvement of public intervention in risk governance.
Abstract: This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in the agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agrarian risks, and the (market, private, public, hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in risk governance. Finally, it identifies contemporary opportunities and challenges for risk management in agri-food chain.
2 citations
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TL;DR: In this article, the authors present a comprehensive framework for analyzing risk management in the agri-food sector based on the interdisciplinary New Institutional Economics (NIES) and present stages in analysis of risk management for the improvement of public intervention in risk governance.
Abstract: This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in the agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agrarian risks, and the (market, private, public, hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in risk governance. Finally, it identifies contemporary opportunities and challenges for risk management in agri-food chain.
2 citations
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TL;DR: In this paper, the authors analyse the insurance development in agriculture in the recent years, from 2003 until 2011, and of the reactions of agricultural producers concerning the insurance, using the methods of retrospective, comparative, statistic descriptive and probabilty analysis.
Abstract: On the grounds of some main theoretical formulations for the risk management in agriculture, an outlook has been made of the practice in the country for the last years. Insurance in agriculture in the country dates back to the first years after the Liberation. The aim of the paper is to analyse the insurance development in agriculture in the recent years – from 2003 until 2011 and of the reactions of agricultural producers concerning the insurance. The methods of retrospective, comparative, statistic descriptive and probabilty analysis have been applied. As a result of the analysis, propositions have been made related to the risk management improvement in agriculture. On the basis of the obtained results conclusions were made regarding the insurance state in agriculture and the relation between different factors of agricultural farms management and insurance activity.
1 citations
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TL;DR: In this paper, an integrated systematic structural approach is proposed, defining the roles comprehensively and flexibly and their alignment with the other components, that express the essential aspects and characteristics of the human resources managers and specialists in the industrial business organizations.
Abstract: The article deals with the systematized set of contemporary roles played by the human resources managers and specialists in the industrial businesses. The main reasons for changes in the contents, priority and combination of the roles and the behaviour of this type of corporate professionals. The main trends and key contradictions, hampering the performance of the roles. An integrated systematic structural approach is proposed, defining the roles comprehensively and flexibly and their alignment with the other components, that express the essential aspects and characteristics of the human resources managers and specialists in the industrial business organizations.
1 citations
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TL;DR: Chobanova et al. as mentioned in this paper presented the Innovativeness of the National Economy and the Innovative of the Bulgarian National Economy (INCEE) in 2012, 2012.
Abstract: Reference to: Rossitsa Chobanova (2012). Innovativeness of the National Economy. Sofia: „Prof. Marin Drinov Publishing House”, 435 p.
1 citations
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TL;DR: A review of the pre-history, the process of formation and the possible directions of future development of the theory of monetary circuit can be found in this paper, where the main theoretical constructions of Graziany and the other leading representatives of the circuitist school are revealed.
Abstract: The present paper reviews the pre-history, the process of formation and the possible directions of future development of the theory of monetary circuit. The author reveals the main theoretical constructions of Graziany and the other leading representatives of the circuitist school. The principles of derivation of transaction and balance sheet matrices reflecting the main ideas of the theory are discussed. The dynamic variants of the theory as well as the connection between the circuitist approach and the input-output model are subject to examination. The paper studies the possibility the circuitist approach to be further broadened on the basis of the mathematical graphs theory. The author emphasizes that the theory of monetary circuit denies the neoclassical dichotomy and rejects the postulate of the neutrality of money. The opportunity is also offered to upgrade the monetary circuit theory by using the mathematical graph theory. The paper includes also a critical evaluation of the presented theory.
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TL;DR: In this article, the main theoretical aspects of asset management are focused in order to outline the features directly related to the investment portfolios of the pension funds with the largest application and significance.
Abstract: The main theoretical aspects of asset management are focused in this article in order to outline the features directly related to the investment portfolios of the pension funds with the largest application and significance. This approach elucidates the causes for the current state of the investment activities of the pension companies in Bulgaria. The dynamics of the investment instruments and the structure of the investment portfolios in the country are studied to identify some of the leading and principal trends in the post EU accession period of Bulgaria under the conditions of global financial crisis. Interesting and contradicting conclusions are made about the changes in the investment structure of the pension funds.
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TL;DR: In this article, the main factors influencing the efficient use of public-private partnership, as well as the relevant practice in some countries in Europe, Asia and the United States, are studied.
Abstract: Public-private partnership has been actively used for the supply of public goods for the past two decades This paper studies the main factors, influencing the efficient use of public-private partnership, as well as the relevant practice in some countries in Europe, Asia and the United States
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TL;DR: In this article, a brief presentation of comparative corporate governance by analyzing the contents of the recognized generations in the international corporate governance (ICG) literature is presented, where studies of the interaction among the individual models, representing ICG in the narrow sense, are classified as a third generation.
Abstract: This is a brief presentation of comparative corporate governance by analyzing the contents of the recognized generations in the international corporate governance (ICG) literature. The studies of the interaction among the individual models, representing ICG in the narrow sense, are classified as a third generation. The indicators applied in the comparative analysis of the national corporate governance systems are pointed out with comments on the results of the achievements in this sphere. The author explains the system of indicators consisting of elements, related to the corporate governance environment – the social norms and values, the legal environment, the financial system and characteristics, belonging to the corporate governance – the main stakeholders, their interrelations, the control mechanisms.
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TL;DR: In this article, a parallel was made between the rate and the structure of budget revenues of AU-27 Member States and Bulgaria and the specific reasons for their differences (tax rates and bases, tax frauds and dynamics of economic growth) are also under consideration.
Abstract: A parallel was made between the rate and the structure of budget revenues of AU-27 Member States and Bulgaria. The specific reasons for their differences (tax rates and bases, tax frauds and dynamics of economic growth) are also under consideration. The main relationships of the budget revenues and expenditures, budget balances and the national debts are focused. Some basic conclusions and suggestions are made on this basis.