Government incentives and the financial services sector in Scotland
Article Abstract:
An analysis of government incentives in Scotland showed that regional incentives could have a significant impact on the financial services industry if they are concentrated on "soft" investments such as on human capital in terms of skill training and knowledge enhancement. To develop the competitiveness of the financial services sector, financial incentives should be supplemented by high quality information technology (IT) and telecommunications infrastructure. Using government assistance on research and development of IT could also help the sector more effectively than present measures.
Publication Name: The Service Industries Journal
Subject: Business, international
ISSN: 0264-2069
Year: 1997
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Market imperfections and the targets-instrument approach to financial services regulation
Article Abstract:
A study extends J. Thornton's analysis of financial services regulation in line with imperfections in the market. Thornton believes that regulatory measures can distort a financial institution's behavior while neglecting the regulatory functions. Regulation differs widely between banking services and non-bank financial services due to the differences in the nature of market imperfections. In addition, the ideal financial regulation structure of other non-bank financial services depend on how the targets-instruments approach is applied.
Publication Name: The Service Industries Journal
Subject: Business, international
ISSN: 0264-2069
Year: 1995
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A select replication of the Cecchini microeconomic methodology on the EFTA financial services sectors: a note and critique
Article Abstract:
A replication exercise was conducted on the Cecchini microeconomic approach to determine whether the methodology will promote economic gains in the European Free Trade Assn.'s financial services sector. Results show that the approach, which stresses that microeconomic gains can be realized through the removal of trade barriers and increased competition, can lead to inaccurate and irrelevant economic gain estimates.
Publication Name: The Service Industries Journal
Subject: Business, international
ISSN: 0264-2069
Year: 1995
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