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- Rytkönen, Paulina
(författare)
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Fruits of Capitalism, Modernisation of Chilean Agriculture 1950-2000
- 2004
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Bok (övrigt vetenskapligt/konstnärligt)abstract
- The so-called Chilean economic miracle during the 1980s and 1990s connotes not only high-speed economic growth but also a profound structural transformation of the Chilean economy. Most previous research ascribes growth and transformation to the liberalisation of markets and other neo-liberal policy instruments introduced after 1974. Policies, before as well as after 1974, have indeed been important for creating preconditions for growth and transformation. However, in the present study it is argued that by overemphasising the role of polices one may partly disregard the historical process by which capitalist forms of organisation have gained momentum in the productive system as new technologies worked have their way into the agricultural sector. In this study, the dynamics of the transformation of Chilean agriculture are analysed by using the methodological tools offered by the Dahménian theory of Development Blocks. Empirically the study delves into three different sub-sectors (wine, fruit and milk) with the purpose to portray the transformation of both export agriculture and traditional agriculture. The study focused technical renewal as a key part of the modernisation process. The main conclusion of the study is that the modernisation of Chilean agriculture was caused by the transformation pressure emanating from the market. However, the selective institutions that paved the way for the successful entry of capitalism in Chilean agriculture were ironically mainly created under the land reforms during the structuralist and socialist periods of the 1960s and early 1970s.
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| 2. |
- Bergman, Mats, et al.
(författare)
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The relative importance of actual and potential competition: Empirical evidence from the pharmaceuticals market
- 2003
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Ingår i: Journal of industrial economics. - : Wiley. - 0022-1821 .- 1467-6451. ; 51, s. 455-467
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Tidskriftsartikel (refereegranskat)abstract
- We study actual and potential competition and other factors that determine price paths of brand-name drugs in the Swedish pharmaceuticals market. The results indicate that the price of the incumbent product is lowered by potential competition, entry of (additional) generics, and the introduction of a so-called reference-price system. We also identify a 'ratchet' effect, through which price regulation makes entry-deterring limit-pricing credible.
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| 3. |
- Boström, Magnus, 1972-
(författare)
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En mångfald av parter : nya regler i skogen
- 2004
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Ingår i: Regelexplosionen. - Stockholm : Ekonomiska forskningsinstitutet vid Handelshögskolan. - 9172586400 ; , s. 155-180
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 5. |
- Golubeva, Olga, 1965-
(författare)
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Foreign Investment Decision-Making in Transition Economies
- 2001
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- The purpose of this project is to describe and explain the foreign investment decision process in the uncertain and turbulent environment of transition economy. By getting an in-depth understanding of how decision-making works in the environment of transition economy, the study intends to contribute to the development of business administration theory in the area of foreign investment decision-making, particularly its application in the turbulent and uncertain world.Theoretical ‘blocks’, elaborated on the basis of literature study, include the following concepts: the framework of transition economy; initial motivation (or reasons) of companies to make foreign direct investments (FDI); investigation of the investment climate and information collection methods; project evaluation and investment decision criteria; risk assessment factors and risk reduction measures.Transition economy is defined in the study as ‘a non-planned, non-market economy’ where the new emerging market institutions coexist with the bureaucracy and hierarchy inherited from the old administrative system. Investment projects, therefore, should probably be seen as being under institutional influence from both the local (i.e. transition economy) and the Western investor’s home country environments. The empirical data presented in the paper also shows that it is necessary to establish the relevant economic, legal, political and social institutions in order to attract FDI. The study further includes the analysis of the main components and features of transition economies and their influence on FDI decision-making.One of the results of the study is that FDI decision-making in transition economies is largely consistent with different theoretical approaches suggested in the literature. On the other hand, the empirical support obtained for different theoretical approaches is often questionable and opened to alternative interpretations. The presented project suggests that theoretical perspectives do not preclude each other, but rather have a complimentary character.The study attempts to contribute to the mainstream FDI theories through a firm-level approach based on the case studies. Two in-depth case studies are presented in the paper: Ericsson’s direct investments in Russia and Vattenfall’s investments in the Baltic countries. A formal questionnaire based on the parameters of theoretical ‘blocks’ was created and 25 top executives from Ericsson and Vattenfall who participated in FDI decision-making were surveyed. The empirical investigation took place during the period 1997 - 1998 with partial updating of the cases during the year 2000. The study shows that where companies confront stable environments, investment decision routines and procedures will be less necessary and important than where market uncertainty is high. The strong appreciation of the local business partners for properly done investment calculations increases the importance of capital budgeting in transition economies more than in developed market economies.Besides, traditional investment appraisal methods provide managers with an ‘objective’ or ‘materialistic’ feedback for the decision-making in the rapidly changing uncertain environment. On the other hand, the study emphasises the importance of strategy over financial techniques and argues that FDI decisions in transition economies should be based on methods consistent with the company’s long-term objectives. In case of permanent changes, new approaches as well as better co-ordination of traditional techniques with strategic, political, historical, geographical and cultural issues are required.Ericsson’ s direct investments in Russia are presented in the paper in connection with other factors: the company’s historical involvement in Russia, marketing strategy, human resource development, privatisation and restructuring of the telecommunication sector in Russia, etc. Nordic Electric Power Co-operation (Nordel), the EU’ s decision in 1996 to create an internal electricity market in Europe, Baltic ring study, future plans to privatise the energy companies in the Baltic countries, etc., are the framework to present the second case.An application of project evaluation and risk assessment techniques for broader and more complicated environments shows that investment decision-making is probably as much, if not more, a social, political and cultural technology as an economic one. The study argues then that the rational choice decision-making model often co-exists with alternative models elaborated in social science - limited rationality, political and garbage can.According to the empirical data, the investment decisions are largely based on intuition, business experience and judgement, personal contacts with representatives from the local country, and these investment criteria are inevitable and acceptable in a situation of total chaos and permanent change. The right chosen partner, for example, is one of the major criteria for the success of the investment project in a transition economy. One of the outcomes of this study is that the revitalised form of investment decision-making will differ rather markedly from much of what has gone before: less emphasis on the quantitative aspects of capital budgeting, more on the qualitative aspects of companies and investment environment.The project also argues that determinants, approaches and criteria of investment activity in transition economies are largely consistent with patterns observed in other parts of the world. A few specific environmental conditions of transition economies, however, are shown in the study to affect the pattern of FDI decision-making. The level of turbulence is still different compared to the developed market economies due to uncertainties and unpredictibilities associated with environment of transition economies. Other major differences are the large power distance with authoritarian leadership, strong hierarchy and bureaucracy as well as the vital role of personal contacts in transition economies. It is not clear, however, if these features of transition economies should be seen as inherited from the past communist system or as an alternative way to organise the economic actors through networks, a way that is natural and appropriate for the majority of Asian societies.
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| 8. |
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| 9. |
- Rytkönen, Paulina
(författare)
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The Chilean Wine Industry : Its Technological Transformation and New Export Transformation.
- 2001
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Ingår i: Ibero-Americana, Nordic Journal of Latin American Studies. - 0046-8444. ; 31:2, s. 85-102
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Tidskriftsartikel (refereegranskat)abstract
- Chilean wine industry has experienced a technological reorientation and modernization during the last decades. This transformation is the result of a combination of events related to economic policy in Chile after 1973, the process of globalization of the international wine industry and the increased demand created by the emergence of a global middle class. Changes in the wine industry are also the result of the emergence of an entrepreneurial production system in Chile.
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