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and are considered as being important from an economic policy point of view. 14 The Zentrale Innovationsprogramm Mittelstand (ZIM)( Central Innovation Program SME) of the Federal Ministry of Economics and Technology supports innovation activities through three subprograms:
the Knowledge Filter and Entrepreneurship in Endogenous Growth, Centre for Economic policy Research Discussion Paper No. 4783, Centre for Economic policy Research:
An Empirical Assessment, Centre for Economic policy Research Discussion Paper 5409, Centre for Economic policy Research, London.
and new employment opportunities) then the nature of these cash flows is increasingly important for government growth and economic policy.
There is nothing inherently objectionable about using the tax code as a means of social or economic policy;
After a workshop on social innovation in 2009, President Barroso asked the Bureau of Economic policy Advisors to draft a report on social innovation as driver for social change,
and Bettina Peters (2006), Innovation and Productivity across four European countries, Oxford Review of Economic policy, Vol. 22, No 4 Grossman G. M.,Elhanan Helpman (1991),
This strategy established eighty-six measures to be implemented over the 2005-2007 period to promote competitiveness and shape economic policy in order to boost productivity
The current situation of economic crisis and public spending restrictions requires appropriate, effective and efficient economic policy measures.
Synthesis Report for the European commission, DG for Regional Policy, on behalf of the network for European Techno-Economic policy Support (ETEPS AISBL) http://ec. europa. eu/regional policy/sources/docgener
The most important objective of the Hungarian economic policy is supporting the economic growth and increasing of the employment.
therefore, would need attention both by STI and economic policy-makers. Recognised this challenge, the RDI strategy 2013-2020 set as a main objective to increase the dynamism of collaborations
and economic policies pursued since June 2010 have increased fiscal tensions-No public contribution is paid to the KTIA,
and how not to The public discourse on economic policy is focused overwhelmingly on fiscal measures, monetary interventions, welfare programs and other such highly visible instruments of government action.
Nevertheless, one has to approach economic policy making with a certain humility, keeping an eye on the fact that what we,
and pursue other social and economic policy objectives. As the first interface between the regulator and a potential new entrepreneur, company registries hold the key to the formal economy,
After a workshop on social innovation in 2009, President Barroso asked the Bureau of Economic policy Advisors to draft a report on social innovation as driver for social change,
At the heart of these, the European Semester95 is a yearly cycle of economic policy coordination involving EU-level policy guidance by the European commission
and budgets, ensuring de facto a better coordination of national efforts to overcome the crisis. It is worth noting that responses to the crisis had prompted the Member States to seriously tighten their economic policy coordination.
and to manage creative interactions a central issue of economic policy. Harnessing collective intelligence will be a crucial determinant of success for businesses, for governments,
and to manage creative interactions a central issue of economic policy. Harnessing collective intelligence will be a crucial determinant of success for businesses, for governments,
Oxford Review of Economic policy 27 (2): 241-267. Benton, M, . and M. Petrovic, How free is free movement?
Economic policy Committee, and DG ECFIN, The impact of ageing on public expenditure projections for the EU-25 Member States on pensions, health care, long-term care, education and unemployment transfers (2004-2050), Special report.
Innovation-driven entrepreneurship is one of the key focus areas in the Finnish government's economic policy.
Most of the economic policy measures that the government takes include the aspect of supporting innovation.
Audretsch, David B.,1998, Agglomeration and the Location of Innovative Activity, Oxford Review of Economic policy, 14 (2), 18-29.
This decision signals the decision of the regional government to better coordinate its economic policies as well as the importance given to business innovation and entrepreneurship as the main drivers of local development.
Denmark has lacked traditionally the ability to undertake interventionist industrial strategies and demand-side economic policies of larger countries.
and Kremers J.,(1996), Market opening, regulation and growth in Europe, Economic policy (0) 23.october 78. Korhonen P.,Tainio R,
Griffith, R.,E. Huergo, J. Mairesse, B. Peters (2006), Innovation and Productivity Across Four European countries, Oxford Review of Economic policy 22,483 498.
United states Department of agriculture. van Ark, B.,M. Piatkowski (2004), Productivity, innovation and ICT in Old and New Europe, International Economics and Economic policy 1, 215 246
Many economic policy challenges lie ahead for the new government to put the country on a sustainable and equitable growth path.
THE POLICY CONTEXT OF SMART SPECIALISATION Europe is facing major economic challenges that require an ambitious economic policy for the 21st century.
Formally the province has a wide range of competences for economic policy. In fact, however, the room for autonomous political activities is constrained by the small financial capacity compared with the state of Austria.
Baltic International Centre For Economic policy Studies (BICEPS), Latvia: Alf Varnags, Zane Leduskrasta. Impressum: Prof. Dr. Friederike Welter Professur für Betriebswirtschaftslehre, insbesondere Management kleiner und mittlerer Unternehmen Universität Siegen Hölderlinstraße 3 57076 Siegen Telefon:(
Economic policy Reforms and the Indian Economy. New delhi: Oxford university Press, pp. 169-210. Saxenian, A. 2004:
The study addresses, in particular, policy makers (in the fields of innovation and ICT-related policies and in sectoral economic policy) and representatives of the transport and logistics industry (notably firm managers, decision-makers in marketing, procurement, ICT
Economic policy Review, Federal reserve bank of New york, September 2003,23-33. TSF Logistics Rail Transport: http://www. tsf. it UNITE project Final report.
Manasse, P.,2013, The Roots of the Italian Stagnation, CEPR Policy Insight No. 66,(Centre for Economic policy Research.
Our economic policy contributes to good general conditions and makes it possible for industry to innovate.
and B. Peters (2006), Innovation and Productivity across Four European countries, Oxford Review of Economic policy, Vol. 22 (4), pp. 483-498.
Audretsch, David B.,1998, Agglomeration and the Location of Innovative Activity, Oxford Review of Economic policy, 14 (2), 18-29.
Fostering a structural transition from policymaking to cycles of policy development and policy learning once smart specialisation becomes more and more adopted as an economic policy concept.
Decentralisation has increased also the powers of the provinces, most importantly in regional-economic policy, nature management and spatial planning.
and orient its research, innovation and economic policy independently of the federal level. The alignment between national and regional priorities is fostered by a shared willingness from the authorities at those two levels in Europe,
dedicated education and training programme and also strategic investment support as a major tool from the economic policy domain.
The whole range of tools from both RDTI and economic policy domains are reported as being used intensively, without distinction, for the support of three prioritised areas in Andalucia:
whilst most economic policy instruments are used in a moderate way to support the priorities (with the exception of cluster policy, a major instrument).
while it is not possible to calculate such a share for programmes under economic policy. At regional level, in Gwangju,
and money of EU origin in the case of EU regions (in some cases Structural Funds are the main funding sources for innovation and economic policies in the regions).
In the area of economic policy: the implementation of the RDI strategy assumes a predictable business environment,
the RDI strategy can be interpreted on the area marked with deep blue Economic policy Science policy monitoring,
making productivity improvement the centerpiece of economic policy is crucial. While employment presents a formidable challenge in many European countries,
limiting productivity growth in this sector. 181 Do No Harm Putting spurring ICT adoption at the center of economic policy means not just supporting it,
Implications for the U s. Economy and U s Economic policy (presentation at ITIF Breakfast Forum, July 15, 2008), http://www. itif. org/files/2008-07-15-lipsey
Baumol's Disease'Has been cured, FRBNY Economic policy Review 9, no. 3 (2003): 23 33; see also Carol A. Corrado et al.
Productivity and Growth in UK Industries (discussion paper, Centre for Economic policy Research, July 2012), 52, http://ideas. repec. org/p/cpr/ceprdp/9063
Issues in Economic policy no. 6, The Brookings Institute, July 27 Greenstein, S. and R. Mcdevitt (2012), Measuring the Broadband Bonus in Thirty OECD Countries, OECD Digital economy Papers, No. 197
Issues in Economic policy no. 6, The Brookings Institute, July. Czernich, N.,Falck, O.,Kretschmer, T. and L. Woessmann (2009:
Centre for Economic policy Research, 2012. North, D. 1990), Institutions, institutional change and economic performance. Cambridge, MA:
and their consequences on the nation's economic policies, see e g. OECD (2013: Interconnected Economies Benefiting from Global Value Chains. http://s3platform. jrc. ec. europa. eu/documents/10157/46174/Interconnected economies. pdf 28 created by the multinational companies.
/files/meeting-procurementfeb2012/summary-eu-supportpublic-procurement-innovative-solutions en. pdf 81 Incubator programme The technology incubators have become an integral part of the economic policy toolkit of the developed
and the economic policy toolkits managing the resources. An important condition of the preliminary (ex ante) system of conditions of the Partnership Agreement between the European union and Hungary is that the National Smart Specialization Strategy should present the EU and domestic sources available for domestic
Greater economic policy coordination (1) across the EU will help Member States to address these problems and boost growth and job creation in the future.
The Europe 2020 Strategy (2) is a comprehensive economic policy agenda focusing on three priorities: smart, sustainable,
The political system is able to influence the economic system directly through economic policy, but in many cases, the political system can do this even more efficiently through innovation policy.
Economic policy, 18 (36), 9 72 Norberg, A l 2005. Computers and Commerce. A Study of Technology and Management at Eckert-Mauchly Computer Company, Engineering Research Associates,
p. 2. Policies for high-growth innovative SMES v1. 6 22 3. 3 Theoretical foundations of SME policy On the importance of a theoretical foundation for economic policy
such policies should be in accordance with principal insights of theories of economic policy. Otherwise such policies run the risk of wasting scarce resources
Canada is often in the shadow of its big neighbour, the USA, in terms of economic policies, but deserves attention with regard to high-growth SMES.
Balancing SME policies with economic policies at large The question of balancing policies for general and high-growth SMES may have to be asked even broader:
p. 2. Policies for high-growth innovative SMES v1. 6 22 3. 3 Theoretical foundations of SME policy On the importance of a theoretical foundation for economic policy
such policies should be in accordance with principal insights of theories of economic policy. Otherwise such policies run the risk of wasting scarce resources
Canada is often in the shadow of its big neighbour, the USA, in terms of economic policies, but deserves attention with regard to high-growth SMES.
Balancing SME policies with economic policies at large The question of balancing policies for general and high-growth SMES may have to be asked even broader:
and progressing of social and economic policies as well as a productive and competitive economy and the availability of rewarding employment opportunities.
and d to integrate landscape into its regional and town planning policies and in its cultural, environmental, agricultural, social and economic policies,
tax, and economic policy is necessary to move further to develop European regulation in such a way as to stimulate innovation and entrepreneurship.
the Directorate General for Economic policy and Promotion, attached to the Ministry of Economy and Knowledge;
the Directorate General for Economic policy and Promotion, attached to the Ministry of Economy and Knowledge;
THE POLICY CONTEXT OF SMART SPECIALISATION Europe is facing major economic challenges that require an ambitious economic policy for the 21st century.
which is planning the Goverment's economic policy. Main objectives: The structuring of the territory, through infrastructure and telecommunications services Integration of ICT in enterprises Knowledge transfer Boost of egovernment and open Government More challenging over the whole territory,
The idea of collaborative partnerships in regional economic policy is not, of course, new. The best known model for such arrangements is perhaps theTriple Helix,
Joint Report prepared by the European commission (DG ECFIN) and the Economic policy Committee (AWG. Available at:
the Knowledge Filter and Entrepreneurship in Endogenous Growth, Centre for Economic policy Research Discussion Paper No. 4783, Centre for Economic policy Research:
An Empirical Assessment, Centre for Economic policy Research Discussion Paper 5409, Centre for Economic policy Research, London.
We move on to the broader economy and economic policy. Some social innovation can be and is delivered in the framework of the market.
There is therefore an urgent need for research on the relation between social innovations and economic policy,
or impede social innovation Markets are embedded in unique national institutional arrangements, macro-level economic policy, regulatory and legal frameworks, welfare regimes and modes of production.
The Play of Potential and Realization, Center for Economic policy Research Publication No. 156, Stanford university, March 1989.
The Long-run Perspective, Stanford Institute for Economic policy Research, Discussion Paper Series No. 99-3 august, 1999,180 pp.
The Challenge for Economic policy, Organization for Economic Co-operation and Development, Paris, 1991a, pp. 315-48.
Na°s, S. O. and Leppa lahti, A. 1997), Innovation, firm profitability and growth, Report R-01/1997, Studies in Technology, Innovation and Economic policy (STEP
Innovation-driven entrepreneurship is one of the key focus areas in the Finnish government's economic policy.
Most of the economic policy measures that the government takes include the aspect of supporting innovation.
the Economic policy and Research Foundation of Turkey (TEPAV) for the Manisa mini case study; and Amit Kapoor, President and Chief executive officer, India Council on Competitiveness,
Developing own foreign economic policies Cities should create their own policies on trade foreign direct investment, tourism and attracting foreign talent,
Foreign economic policies that position a city in the global economy through international trade, finance, foreign direct investment (FDI), foreign workers and tourism, all as part of clusters of economic activity linked to global value chains 3
Morocco's economic policies, institutions, commercial relationships and public-private dialogue have contributed to this remarkable outcome.
the exit from Malaysia and impending withdrawal of British military bases to overhaul economic policies, including opening the door fully to multinational corporations (MNCS) at a time
(what to reform) Singapore is arguably best-in-class in getting the basics right on economic policy.
Foreign economic policy With its long historical tradition of foreign trade, Ningbo has now become one of the most developed foreign trade cities in China.
Develop own foreign economic policies on trade, foreign direct investment, tourism and attracting global talent, and go global as far as possible.
The focus is on three aspects of economic policy: fiscal policy, regulations for doing business, and foreign economic policy.
From the 1960s to the present, Singapore has provided some of the best examples of getting the basics right.
and poor healthcare, education, water and transport services. 52 A Report of the Global Agenda Council on Competitiveness Foreign Economic policy:
Cities need their own foreign economic policies they should not simply leave them to national governments.
As a city state, Singapore (like Hong kong SAR) is exceptional in conducting its own foreign economic policies;
This case study was prepared by the Economic policy Research Foundation of Turkey (TEPAV. 16. This case study was written by Kevin X. Murphy. 17.
viii The Global Competitiveness Report 2014 2015 Partner Institutes Kyrgyz Republic Economic policy Institute Lola Abduhametova, Program Coordinator Marat Tazabekov, Chairman Lao
, Director Mongolia Open Society Forum (OSF), Mongolia Oyunbadam Davaakhuu, Manager of Economic policy Erdenejargal Perenlei, Executive director Montenegro Institute for Strategic Studies and Prognoses (ISSP
, General manager Thero Setiloane, Chief executive officer Business Unity South africa Nomaxabiso Majokweni, Chief executive officer Kgatlaki Ngoasheng, Executive director, Economic policy Spain IESE Business school, International Center for Competitiveness
Economic policy Officer Kenneth Woei-A-Tsoi, Executive director Swaziland Federation of Swaziland Employers and Chamber of commerce Mduduzi Lokotfwako, Coordinator, Trade & Commerce Nyakwesi Motsa, Administration & Finance
Cities should develop their own foreign economic policies on trade, foreign investment, tourism, and attracting foreign talent,
and business leaders in their efforts to formulate improved economic policies and institutional reforms. In the minds of its authors, an undertaking of this dimension can never be perfect
and business leaders in their efforts to formulate improved economic policies and institutional reforms. In parallel to this development of the index, the original survey has evolved
Mr Crotti holds a five-year degree in Economics/Economic policy from Università Cattolica del Sacro Cuore in Milan, Italy,
she worked for an economic policy consultancy in the United kingdom, where she analyzed economic and financial policies in Central and Eastern europe and Central asia.
Mr Crotti holds an undergraduate degree in Economics/Economic policy from Università Cattolica del Sacro Cuore in Milan, Italy;
-Sayer, Committee member Kyrgyz Republic Economic policy Institute Lola Abduhametova Program Coordinator Marat Tazabekov, Chairman Lao PDR Enterprise & Development Consultants Co.,Ltd Latvia Stockholm School of economics in Riga Karlis Kreslins, EMBA Programme
Manager of Economic policy Erdenejargal Perenlei, Executive director 2014 World Economic Forum Partner Institutes The Global Information technology Report 2014 339 Montenegro Institute for Strategic Studies
, Economic policy Spain IESE Business school, International Center for Competitiveness María Luisa Blázquez, Research Associate Antoni Subirà, Professor Sri lanka Institute of Policy Studies of Sri lanka
, Executive secretary Rene van Essen, Director Dayenne Wielingen Verwey, Economic policy Officer Swaziland Federation of Swaziland Employers and Chamber of commerce Mduduzi Lokotfwako
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