Hasil untuk "Capital. Capital investments"

M. Christie, Eduardo S Brondízio, R. Costanza et al.

Dean Yang

G. Huber, A. Corma

Dante Di Gregorio, S. Shane

D. Acemoglu, Fabrizio Zilibotti

This paper offers a theory of development that links the degree of market incompleteness to capital accumulation and growth. At early stages of development, the presence projects limits the degree of risk spreading (diversification) that the economy can achieve. The desire to avoid highly risky investments slows down capital accumulation, and the inability to diversify idiosyncratic risk introduces a large amount of uncertainty in the growth process. The typical development pattern will consist of a lengthy period of “primitive accumulation” with highly variable output, followed by takeoff and financial deepening and, finally, steady growth. “Lucky” countries will spend relatively less time in the primitive accumulation stage and develop faster. Although all agents are price takers and there are no technological spillovers, the decentralized equilibrium is inefficient because individuals do not take into account their impact on others' diversification opportunities. We also show that our results generalize to economies with international capital flows.

R. Burt

M. Beine, F. Docquier, Hillel Rapoport

Erik Brynjolfsson, L. Hitt, G. Hunter

W. Sharpe

D. Acemoglu, Jörn-Steffen Pischke

Steven N. Kaplan, P. Strömberg

Linda L. Tesar, Ingrid M. Werner

Armin Schwienbacher, Benjamin Larralde

Fumio Hayashi, Edward C. Prescott

This paper examines the Japanese economy in the 1990s, a decade of economic stagnation. We find that the problem is not a breakdown of the financial system, as corporations large and small were able to find financing for investments. There is no evidence of profitabkle investment opportunities not being exploited due to lack of access to capital markets. The problem then and still today is a low productivity growth rate. Growth theory, treating TFP as exogenous, accounts well for the Japanese lost decade of growth. We think that research effort should be focused on what policy change will allow productivity to again grow rapidly. (Copyright: Elsevier)

R. Amit, J. Brander, C. Zott

J. Brander, R. Amit, Werner Antweiler

Johanna Fellbrich

China's launch of the Belt and Road Initiative (BRI) in 2013 reinvigorated debates on infrastructure-led development and reshaped core–periphery relations through large-scale port investments. A prominent case is the 99-year lease of Darwin Port in Australia's Northern Territory to the Chinese company Landbridge Group in 2015, which sparked both development hopes and geopolitical controversy. While subnational actors play a central role in mediating external investment – especially in port infrastructure – their agency in host countries remains underexplored in the literature on BRI and global production networks (GPNs). This study addresses this gap by combining the strategic coupling framework with agenda-setting theory to analyse how regional actors in Darwin attempted to align local assets with Landbridge's commercial strategy under BRI-linked investment. Based on empirical fieldwork, the study finds that while Darwin possessed distinctive, immobile assets and institutional ambition, the lease structure and broader geopolitical tensions constrained long-term developmental gains. Initial hopes to catalyse economic diversification, population growth and regional connectivity were overridden by multi-scalar power asymmetries and the securitisation of Chinese infrastructure capital. The result was not strategic but structural coupling – characterised by limited embeddedness, abandoned projects and reinforced dependency. The paper contributes to debates on infrastructure-led development by showing that strategic coupling is not guaranteed by asset endowments alone but is a contingent, negotiated process shaped by scalar coherence, institutional capacity and geopolitical alignment. In doing so, it adds nuance to GPN theory by foregrounding host-region agency and the geopolitical context in shaping development outcomes in peripheral settings.

Aldona Frączkiewicz-Wronka, Anna Kozak

Social services – including healthcare, education, child protection, elderly care, and housing – are key investments in human capital and sustainable development, not just welfare. In line with Agenda 2030, they are crucial for poverty reduction, improving health and education, and addressing inequalities. This paper proposes an ecosystem-based perspective on social service delivery, focusing on deinstitutionalisation and community-based provision. Addressing the gap in Poland’s research on ecosystem evaluations, we explore local drivers and barriers to effective service delivery, with a focus on CUS-led network governance and co-production. The study provides a policy framework linking ecosystem design to SDG outcomes and offers evidence to guide implementation in similar contexts. Based on literature review and PESTEL analysis the key factors shaping Poland’s deinstitutionalisation ecosystem have been identified. Service provision is shifting towards community-based models, supported by local service ecosystems integrating public institutions and civil society organizations.

Terre Liyanty, Dela Jovam Sari, Benny Dhevyanto et al.

Interest in capital market investments continues to increase, along with improved access to information and digital platforms that make it easier for the younger generation to invest. However, psychological phenomena such as FOMO (Fear of Missing Out), YOLO (You Only Live Once) and FOPO (Fear of Other People`s Opinions) often affect their investment decisions. FOMO, in particular, can cause young investors to make rash investment decisions without careful consideration. This study aims to empirically test whether financial knowledge and risk preferences affect investment decision which mediated by financial behavior. Research used quantitative methods with descriptive, statistical analysis, and a sample of 150 respondents who were young investors aged 18-30 years in Cirebon. The findings of the analysis indicated that financial knowledge and risk preferences influences investment decision, and financial behavior successful as a mediator. It can be inferred that increasing financial knowledge and understanding of risk preferences can help young people make more rational investment decisions, despite the influence of psychological factors such as FOMO and others.

Arman Abgaryan, Utkarsh Sharma

We propose \textit{OpenAlpha}, a community-led strategy validation framework for decentralised capital management on a host blockchain network, which integrates game-theoretic validation, adversarial auditing, and market-based belief aggregation. This work formulates treasury deployment as a capital optimisation problem under verification costs and strategic misreporting, and operationalises it through a decision waterfall that sequences intention declaration, strategy proposal, prediction-market validation, dispute resolution, and capital allocation. Each phase of this framework's validation process embeds economic incentives to align proposer, verifier, and auditor behaviour, producing confidence scores that may feed into a capital allocation rule. While OpenAlpha is designed for capital strategy assessment, its validation mechanisms are composable and extend naturally to evaluating external decentralised applications (DApps), enabling on-chain scrutiny of DApp performance, reliability, and integration risk. This architecture allows for adaptive, trust-minimised capital deployment without reliance on centralised governance or static audits.