FINANCIAL MECHANISM OF DEVELOPMENT OF MICROENTREPRENEURSHIP

The article deals with the approaches to interpretation of a concept of the financial mechanism of development of micro-entrepreneurship. The financial mechanism of development of micro-entrepreneurship including three levels of his functioning is developed: state, market and internal, financial methods, tools and levers, and also system of providing the financial mechanism of development of a micro-entrepreneurship. Classification of the indicators characterizing formation of financial resources and results of economic activity of subjects of a micro-entrepreneurship is offered

CURRENT SYSTEM OF FINANCIAL SUPPORT SUBJECTS MICRO-ENTREPRENEURSHIP IN THE UAE

The article assesses the current system of financial support of subjects of micro-enterprises in the Unated Arab Emirates (UAE). The sources of funding of financial resources for the development of microenterprises are considered. It is established that in the UAE several sources of formation of financial resources are available to micro-enterprises development, including public foundations, the agencies of support of small and medium business, commercial banks, credit agencies, crowd funding. The government of the UAE seeks to provide the conditions contributing to effective development of micro-enterprises

FINANCIAL MECHANISM OF DEVELOPMENT OF MICROENTREPRENEURSHIP

The article deals with the approaches to interpretation of a concept of the financial mechanism of development of micro-entrepreneurship. The financial mechanism of development of micro-entrepreneurship including three levels of his functioning is developed: state, market and internal, financial methods, tools and levers, and also system of providing the financial mechanism of development of a micro-entrepreneurship. Classification of the indicators characterizing formation of financial resources and results of economic activity of subjects of a micro-entrepreneurship is offered

Coverage with Evidence Development Schemes for Medical Devices in Europe : Characteristics and Challenges

Objectives. Medical devices are potentially good candidates for coverage with evidence development (CED) schemes, as clinical data at market entry are often sparse and (cost-)effectiveness depends on real-world use. The objective of this research was to explore the diffusion of CED schemes for devices in Europe, and the factors that favour or hamper their utilization.Methods: We conducted structured interviews with 25 decision-makers from 22 European countries to explore the characteristics of existing CED programmes for devices, and how decision-makers perceived 13 pre-identified challenges associated with initiating and operating CED schemes for devices. We also collected data on individual schemes that were either initiated or still ongoing in the last 5 years.Results: We identified 7 countries with CED programmes for devices and 78 ongoing schemes. The characteristics of CED programmes varied across countries, including eligibility criteria, roles and responsibilities of stakeholders, funding arrangements, and type of decisions being contemplated at the outset of each scheme. We observed a high variability in how decision-makers perceived CED related challenges possibly reflecting country-specific arrangements and different experiences with CED. One general finding across all countries was that relatively little attention was paid to the evaluation of schemes, both during and at their completion.Conclusions: CED programmes for devices with different characteristics exist in Europe. Decision-makers’ perceptions differ on the challenges associated with these schemes. More exchange of knowledge and experience will help decision-makers anticipate the likely challenges in CED schemes for devices, and to learn from good practices existing elsewhere

A Staggered Pricing Approach to Modeling Speculative Storage: Implications for Commodity Price Dynamics

This paper embeds a staggered price feature into the standard speculative storage model of Deaton and Laroque (1996). Intermediate goods inventory speculators are added as an additional source of intertemporal linkage, which helps us to replicate the stylized facts of the observed commodity price dynamics. Incorporating this type of friction into the model is motivated by its ability to increase price stickiness which, gives rise to a higher degree of persistence in the first two conditional moments of commodity prices. The structural parameters of our model are estimated by the simulated method of moments using actual prices for four agricultural commodities. Simulated data are then employed to assess the effects of our staggered price approach on the time series properties of commodity prices. Our results lend empirical support to the possibility of staggered prices

Virtual networks under attack: disrupting internet coordinate systems

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